Booz Allen Hamilton Holding - Barchart's Chart of the Day

Booz Allen Hamilton Holdings (BAH) is the Barchart Chart of the Day,  The consulting firm has a Trend Spotter buy signal, a Weighted Alpha of 58.40+, gained 52.22% in the last year and paid a dividend yield of 1.67%.

The Chart of the Day is Booz Allen Hamilton Holdings (BAH).  I found the stock by sorting the 52 Week High list for new high frequency in the last month, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 4/22 the stock gained 9.95%.

BAH is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 11.00% in the last month
• Relative Strength Index 78.57%
• Barchart computes a technical support level at 23.84
• Recently traded at 24.62 with a 50 day moving average of 22.26

Fundamental factors:

• Market Cap $3.50 billion
• P/E 14.21
• Dividend yield 1.67%
• Revenue expected to decrease 4.90% this year and another 2.70% next year
• Earnings estimated to decrease 2.40% this year an additional 3.10% next year but increase by a compounded rate of 10.00% for he next 5 tears
• Wall Street analysts issued 1 strong buy, 2 buy, 6 hold and a single sell recommendation on the stock

Consulting work is a variable business sector and depending on government contract can be a gamble.  Use the 50 day moving average as a signal of weakness and exit at the 100 day moving average.

Equity Lifestyle Properties - Barchart's Chart of the Day

Equity Lifestyle Properties (ELS) is the Barchart Chart of the Day.  The REIT has a Trend spotter buy signal, a Weighted Alpha of 11.10+, gained 18.24% in the last 6 months and paid a dividend of 3.05%.

The Chart of the Day is Equity Lifestyle Properties (ELS).  I found the stock by sorting the All Time High List for new high frequency in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled another buy in 4/4 the stock gained 4.69%.

Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 5.70% in the last month
• Relative Strength Index 70.72%
• Barchart computes a technical support level at 42.28
• Recently traded at 43.05 with a 50 day moving average of 41.11

Fundamental factors:

• Market Cap $3.59 billion
• P/E 16.26
• Dividend yield 3.05%
• Revenue predicted to grow 2.50% this year and another 2.40% next year
• Earnings estimated to increase 29.70% this year, an additional 4.80% next year and continue to increase annually by 4.85% for the next 5 years
• Wall Street analysts issued 3 strong buy, 1 buy and 3 hold recommendations on the stock

Real Estate is in right now but that can always change.  Watch the 50 day moving average as a signal of weakness and exit at eh 100 day moving average.

Stock added to my portfolio

This week I added Royal Dutch Shell (RDS.B), Statoil ASA (STO), Dynegy (DYN) and Ace Limited (ACE) to the Barchart Van Meerten New High portfolio for great technical indicators and price momentum:

Royal Dutch Shell (RDS.B)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 10.37% in the last month
• Relative Strength Index 86.43%
• Barchart computes a technical support level at 85.72%
• Recently traded at 86.76 with a 50 day moving average of 79.23

Statoil ASA (STO)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 12.96% in the last month
• Relative Strength Index 76.53%
• Barchart computes a technical support level at 31.25
• Recently traded at 31.28 with a 50 day moving average of 28.29

Dynegy (DYN)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 28.52% in the last month
• Relative Strength Index 90.73%
• Barchart computes a technical support level at 29.91
• Recently traded at 31.62 with a 50 day moving average of 25.69

Ace Limited (ACE)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 4.81% in the last month
• Relative strength Index 61.59%
• Barchart computes a technical support level at 101.26
• Recently traded at 102.30 with a 50 day moving average of 99.42

BARCHART MORNING CALL 5/9

BARCHART MORNING CALL

Thursday, May 8th, 2014View Older Reports

Everything you need to know about the markets in one free daily newsletter.

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM14 +0.07%) this morning are up +0.03% and European stocks are up +0.54% after China Apr exports unexpectedly rose, a sign of improvement in global demand. Gains in European stocks were muted after German Mar industrial production unexpectedly fell and ahead of the outcome of today's ECB policy meeting. At the conclusion of its policy meeting today, the BOE as expected maintained its benchmark rate at 0.50% and kept its asset purchase target at 375 billion pounds. Asian stocks closed mostly higher: Japan +0.93%, Hong Kong +0.42%, China -0.09%, Taiwan +0.42%, Australia +0.75%, Singapore +0.35%, South Korea +0.59%, India +0.09%. Asian markets found support on stronger-than-expected Chinese Apr exports along with dovish comments from Fed Chair Yellen who said the Fed will continue to support the U.S. economy. Commodity prices are mixed. Jun crude oil (CLM14 -0.12%) is down -0.40%. Jun gasoline (RBM14 +0.14%) is up +0.03%. Jun gold (GCM14 +0.34%) is up +0.26%. July copper (HGN14 +0.03%) is down -0.05%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.13%) is down -0.16%. EUR/USD (^EURUSD) is up +0.24%, just below Tuesday's 1-3/4 month high, amid speculation the ECB will refrain from announcing additional stimulus measures at today's policy meeting. USD/JPY (^USDJPY) is down -0.12%. June T-note prices (ZNM14 -0.06%) are down -2 ticks.
The China Apr trade balance widened to a +$18.46 billion surplus, more than expectations of a +$16.70 billion surplus. Apr exports unexpectedly increased by +0.9% y/y, better than expectations of -3.0% y/y, and Apr imports rose by +0.8% y/y, also better than expectations of -2.1% y/y.
German Mar industrial production unexpectedly fell -0.5% m/m, weaker than expectations of +0.2% m/m. On an annual basis, Mar industrial production climbed +3.0% y/y, less than expectations of +4.4% y/y.
UK Apr Halifax house prices fell -0.2% m/m and rose +8.5% y/y, weaker than expectations of +0.9% m/m and +9.1% y/y.

U.S. STOCK PREVIEW

Today’s weekly initial unemployment claims report is expected to show a -19,000 decline to 325,000, more than reversing last week’s increase of +14,000 to 344,000. Meanwhile, continuing claims are expected to fall -11,000 to 2.760 million, reversing part of last week’s increase of +97,000 to 2.771 million. The Treasury today will sell $16 billion of 30-year T-bonds, concluding this week’s $69 billion quarterly refunding operation.
There are 17 of the S&P 500 companies that report earnings today. Notable reports include Computer Sciences (consensus $1.04), Regeneron (2.27), ICE Group (2.61), Priceline (6.84), Apache (1.60), Symantec (0.42). Equity conferences during the remainder of this week include: Bank of America Merrill Lynch Global Transportation Conference on Wed-Thu, Wells Fargo Industrial & Construction Conference on Wed-Thu, Jefferies Global Technology, Media & Telecom Conference on Tue-Thu, and Deutsche Bank Healthcare Conference on Wed-Fri.

OVERNIGHT U.S. STOCK MOVERS

Priceline Group (PCLN -3.13%) reported Q1 EPS of $7.81, well above consensus of $6.84.
The WSJ reported that DirecTV (DTV +7.96%) has engaged Goldman Sachs (GS +0.63%) to evaluate a potential deal with AT&T (T +0.76%) .
Kindred Healthcare (KND +0.80%) reported Q1 EPS ex-items of 32 cents, below consensus of 33 cents.
JP Morgan Chase reported a 10.2% passive stake in Cross Country Healthcare (CCRN -5.96%) .
Transocean (RIG +0.63%) climbed more than 3% in pre-market trading after it reported Q1 adjusted EPS of $1.43, well above consensus of $1.02.
CF Industries (CF +0.55%) reported Q1 adjusted EPS of $4.51, below consensus of $4.54.
Avis Budget (CAR +0.28%) reported Q1 EPS ex-items of 16 cents, double consensus of 8 cents.
CenturyLink (CTL +0.55%) reported Q1 adjusted EPS of 66 cents, better than consensus of 61 cents.
Caesar's (CZR +14.12%) reported a Q1 EPS loss of -$2.82, a much wider loss than consensus of -$1.15.
Prudential (PRU +0.99%) reported Q1 EPS of $2.40, higher than consensus of $2.26.
McDermott (MDR unch) reported a Q1 EPS loss of -21 cents, a wider loss than consensus of -12 cents.
Tesla (TSLA -2.86%) dropped over 5% in after-hours trading after it reported Q1 EPS of 12 cents, better than consensus of 10 cents, but then said battery cell supply will constrain Q2 production.
21st Century Fox (FOXA -0.89%) reportED Q3 adjusted EPS OF 47 cents, stronger than consensus of 35 cents.
Roundy's (RNDY -2.86%) reported Q1 EPS of 1 cents, weaker than consensus of 3 cents.
Unum Group (UNM +1.57%) reported Q1 adjusted EPS of 87 cents, better than consensus of 85 cents.
Keurig Green Mountain (GMCR -3.21%) jumped over 6% in after-hours trading after it reported Q2 adjusted EPS of $1.08, higher than consensus of 94 cents.

MARKET COMMENTS

June E-mini S&Ps (ESM14 +0.07%) this morning are up +0.50 of a point (+0.03%). The S&P 500 index on Wednesday recovered from a 1-week low and closed higher: S&P 500 +0.56%, Dow Jones +0.72%, Nasdaq -0.28%. Bullish factors included (1) reduced interest rate concerns after Fed Chair Yellen said that the Fed must continue to spur growth as employment and inflation indicators remain below the Fed’s goals, and (2) upbeat earnings results with 75% of the 422 S&P 500 companies that have already reported Q1 earnings beating estimates. A negative factor was the -1.7% drop in U.S. Q2 non-farm productivity, the biggest decline in a year and weaker than expectations of -1.2%.
Jun 10-year T-notes (ZNM14 -0.06%) this morning are down -2 ticks. Jun 10-year T-note futures prices on Wednesday closed higher on comments from Fed Chair Yellen who said a “high degree” of accommodation remains warranted: TYM4 +7.50, FVM4 +6.00. T-note prices also found support from strong foreign demand for the Treasury’s $24 billion 10-year T-note auction as indirect bidders, an investor class that includes foreign central banks, bought 49.3% of the notes at auction, higher than the 12-auction average of 43.9%.
The dollar index (DXY00 -0.13%) this morning is down -0.124 (-0.16%). EUR/USD (^EURUSD) is up +0.0033 (+0.24%). USD/JPY (^USDJPY) is down -0.12 (-0.12%). The dollar index on Wednesday closed higher. Dollar index +0.109 (+0.14%), EUR/USD -0.0017 (-0.12%), USD/JPY +0.218 (+0.21%). The main bullish factor for the dollar was weakness in EUR/USD on long liquidation ahead of Thursday’s ECB meeting and after German Mar factory orders unexpectedly declined. Dollar strength was limited after Fed Chair Yellen said that a “high degree” of accommodation remains warranted.
Jun WTI crude oil (CLM14 -0.12%) this morning is down -40 cents (-0.40%). Jun gasoline (RBM14 +0.14%) is up +0.0008 (+0.03%). Jun crude and gasoline prices on Wednesday closed higher with Jun crude at a 1-week high. Bullish factors included (1) the -1.395 million bbl decline in crude inventories at Cushing, OK, the delivery point of WTI futures, to a 5-1/3 yr low of 24.03 million bbl, and (2) the unexpected -1.781 mln bbl decline in weekly EIA crude inventories versus expectations for a +1.15 million bbl build. Closes: CLM4 +1.27 (+1.28%). RBM4 +0.0324 (+1.12%).

GLOBAL EVENT CALENDAR05/08/2014

US	0800 ET	Philadelphia Fed President Charles Plosser speaks on Communication and Transparency in the Conduct of Systematic Monetary Policy to the Council on Foreign Relations in New York.
	0830 ET	Weekly initial unemployment claims expected -19,000 to 325,000, previous +14,000 to 344,000. Weekly continuing claims expected -13,000 to 2.758 million, previous +97,000 to 2.771 million.
	0830 ET	USDA weekly Export Sales.
	0925 ET	Chicago Fed President Charles Evans delivers welcoming remarks to the Chicago Feds Bank Regulation Conference.
	0930 ET	Fed Chair Janet Yellen testifies to the Senate Budget Committee on the economic outlook.
	0930 ET	Fed Governor Daniel Tarullo delivers keynote address at to the Chicago Feds Bank Regulation Conference.
	1300 ET	Treasury auctions $16 billion 30-year T-bonds.
	1400 ET	St. Louis Fed President James Bullard delivers welcoming remarks at a St. Louis Fed conference title The Balance Sheets of Younger Americans: Is the American Dream at Risk?
GER	0200 ET	German Mar industrial production expected +0.2% m/m and +4.4% y/y, Feb +0.4% m/m and +4.8% y/y.
UK	0700 ET	BOE announces interest rate decision and asset purchase target, expected no change to the 0.50% benchmark rate or to the 375 billion pound asset purchase target.
EUR	0745 ET	ECB announces interest rate decision.
	0830 ET	ECB President Mario Draghi holds monthly press conference following ECB meeting.
CHI	2130 ET	China Apr CPI expected +2.1% y/y, Mar +2.4% y/y. Apr PPI expected -1.9% y/y, Mar -2.3% y/y.

U.S. STOCK CALENDAR05/08/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Scripps Networks Interactive Inc	SNI US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.812
Cablevision Systems Corp	CVC US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.047
Precision Castparts Corp	PCP US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	3.198
Teradata Corp	TDC US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.473
Health Care REIT Inc	HCN US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.982
Regeneron Pharmaceuticals Inc	REGN US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	2.269
IntercontinentalExchange Group Inc	ICE US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	2.612
AES Corp/VA	AES US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.272
Windstream Holdings Inc	WIN US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.087
Ameren Corp	AEE US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.318
Priceline Group Inc/The	PCLN US	7:00	Q1 2014 Earnings Release	Q1 2014	6.844
Priceline Group Inc/The	PCLN US	7:30	Q1 2014 Earnings Call	Q1 2014
L Brands Inc	LB US	7:30	April 2014 Sales and Revenue Call	2014
Apache Corp	APA US	8:00	Q1 2014 Earnings Release	Q1 2014	1.604
United Parcel Service Inc	UPS US	8:00	Annual General Meeting	Y 2014
Norfolk Southern Corp	NSC US	8:30	Annual General Meeting	Y 2014
Teradata Corp	TDC US	8:30	Q1 2014 Earnings Call	Q1 2014
Regeneron Pharmaceuticals Inc	REGN US	8:30	Q1 2014 Earnings Call	Q1 2014
IntercontinentalExchange Group Inc	ICE US	8:30	Q1 2014 Earnings Call	Q1 2014
Ford Motor Co	F US	8:30	Annual General Meeting	Y 2014
Windstream Holdings Inc	WIN US	8:30	Q1 2014 Earnings Call	Q1 2014
Unum Group	UNM US	9:00	Q1 2014 Earnings Call	Q1 2014
NRG Energy Inc	NRG US	9:00	Annual General Meeting
Graham Holdings Co	GHC US	9:00	Annual General Meeting	Y 2014
AES Corp/VA	AES US	9:00	Q1 2014 Earnings Call	Q1 2014
QEP Resources Inc	QEP US	9:00	Q1 2014 Earnings Call	Q1 2014
Reynolds American Inc	RAI US	9:00	Annual General Meeting	Y 2014
Assurant Inc	AIZ US	9:00	Annual General Meeting
CVS Caremark Corp	CVS US	9:00	Annual General Meeting	Y 2014
Scripps Networks Interactive Inc	SNI US	10:00	Q1 2014 Earnings Call	Q1 2014
Nucor Corp	NUE US	10:00	Annual General Meeting
Cablevision Systems Corp	CVC US	10:00	Q1 2014 Earnings Call	Q1 2014
Precision Castparts Corp	PCP US	10:00	Q4 2014 Earnings Call	Q4 2014
Health Care REIT Inc	HCN US	10:00	Q1 2014 Earnings Call	Q1 2014
Transocean Ltd	RIG US	10:00	Q1 2014 Earnings Call	Q1 2014
CF Industries Holdings Inc	CF US	10:00	Q1 2014 Earnings Call	Q1 2014
Ameren Corp	AEE US	10:00	Q1 2014 Earnings Call	Q1 2014
Kimco Realty Corp	KIM US	10:00	Q1 2014 Earnings Call	Q1 2014
Ecolab Inc	ECL US	11:00	Annual General Meeting	Y 2014
Peabody Energy Corp	BTU US	11:00	Annual General Meeting	Y 2014
Prudential Financial Inc	PRU US	11:00	Q1 2014 Earnings Call	Q1 2014
Monster Beverage Corp	MNST US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.49
CBS Corp	CBS US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.744
News Corp	NWSA US	Aft-mkt	Q3 2014 Earnings Release	Q3 2014	0.03
Symantec Corp	SYMC US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.417
Tenet Healthcare Corp	THC US		Annual General Meeting
Republic Services Inc	RSG US		Annual General Meeting
Gap Inc/The	GPS US		April 2014 Sales and Revenue Release	2014
Costco Wholesale Corp	COST US		April 2014 Sales and Revenue Release	2014
AMETEK Inc	AME US		Annual General Meeting
CH Robinson Worldwide Inc	CHRW US		Annual General Meeting
L Brands Inc	LB US		April 2014 Sales and Revenue Release	2014
McDonald's Corp	MCD US		April 2014 Sales and Revenue Release	2014

Bellatrix Exploration - Barchart's Chart of the Day

Bellatrix Exploration (BXE) is the Barchart Chart of the Day.  The oil and gas stock has a Trend Spotter buy signal, a Weighted Alpha of 88.70+ and gained 71.83% in the last year.

The Chart of the Day is Bellatrix Exlporation (BXE).  I found the stock by sorting the All Time High list for new high frequency in the last month, then used the Flipchart feature to review the stocks.  Since the Trend Spotter signaled a buy on 2/28 the stock gained 35.60%,

Bellatrix Exploration Ltd. is an oil and gas company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 24.82% in the last month
• Relative Strength Index 78.25%
• Barchart computes a technical support level at 9.95
• Recently traded at 10.33 with a 50 day moving average of 8.59

Fundamental factors:

• Market Cap $1.22 billion
• P/E 20.51
• Revenue expected to grow 131.80% this year and another 18.10% next year
• Earnings estimated to increase 121.90% this year and an additional 39.40% next year
• Wall Street analysts issued 1 strong buy and 3 buy recommendations on the stock

Watch the 50 day moving average for signs of weakness and the 100 day moving average for an exit point.

ADVANTAGE OIL AND GAS - BARCHART'S CHART OF THE DAY

Advantage Oil & Gas (AAV) is the Barchart Chart of the Day.  The oil and gas stock has a Trend Spotter buy signal, a Weighted Alpha of 87.70+ and gained 67.55% in the last year.

The Chart of the Day is Advantage Oil & Gas (AAV).  I found the stock by sorting the 52 week high list to see which stocks are still having momentum and this stock was right near the top of the list. Since the Trend Spotter signaled a buy on 3/18 the stock gained 50.12%.

AAV is an intermediate oil and natural gas corporation, engaged in the exploration and development of oil and natural gas properties in Alberta and Saskatchewan in Canada. It focuses on developing the Montney natural gas resource play located at Glacier, Alberta. The Company's properties are located in Alberta and Saskatchewan, and consist of liquids rich natural gas and light oil.

 The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 21.18% in the last month
• Relative Strength Index 84.40%
• Barchart computes a technical support level at 6.07
• Recently traded at 6.36 with a 50 day moving average of 4.96

Fundamental factors:

• Market Cap $1.07 billion
• P/E 157.50
• Revenue expected to decrease 7.60% this year but increase again by 13.40% next year
• Earnings are estimated to shrink by 1050.00% this year buy grow again by 65.20% next year
• Wall Street analysts issued 3 buy and 2 hold recommendations on the stock

The stock has had solid gains but I'd still use the 50 day moving average as a caution signal and the 100 day moving average as an exit point.

I do own this stock.

5 Stocks Hitting All Time Highs

Today I used Barchart to screen the All Time New High list to find the stocks that hit the most frequent new highs in the last month.

Today's list includes Bellatrix Exploration (BXE), Alliance Holdings (AHGP), Clayton Williams Energy (CWEI), Dynegy (DYN) and Novartis AG (NVS):

Bellatrix Exploration (BXE)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 18.56% in the last month
• Relative Strength Index 77.15%
• Barchart computes a technical support level at 9.81
• Recently traded at 10.20 with a 50 day moving average of 8.53

Alliance Holdings (AHGP)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 10.43% in the last month
• Relative Strength Index 79.19%
• Barchart computes a technical support level at 65.37
• Recently traded at 69.26 with a 50 day moving average of 62.80

Clayton Williams Energy (CWEI)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 27.47% in the last month
• Relative Strength Index 75.71%
• Barchart computes a technical support level at 135.53
• Recently traded at 144.90 with a 50 day moving average of 112.18

Dynegy (DYN)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 18.75% in the last month
• Relative Strength Index 85.58%
• Barchart computes a technical support level at 29.14
• Recently traded at 30.14 with a 50 day moving average of 25.36

Novartis AG (NVS)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 6.34% in the last month
• Relative Strength Index 67.24%
• Barchart computes a technical support level at 86.64
• Recently traded at 87.68 with a 50 day moving average of 83.68

BARCHART MORNING CVALL 5/6

BARCHART MORNING CALL

Tuesday, May 6th, 2014View Older Reports

Everything you need to know about the markets in one free daily newsletter.

E-mail:

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM14 +0.04%) this morning are up +0.11% and European stocks are down -0.07% as the unrest in Ukraine intensifies. Ukraine's Interior Ministry said that rebels have seized more than 30 government buildings in the eastern part of the country, and that government forces were sent to the southern city of Odessa to quell disturbances there. Losses in European stocks were limited after the OECD raised its Eurozone 2014 GDP estimates and after Eurozone Mar retail sales unexpectedly rose. Asian stocks closed higher: Japan, Hong Kong and South Korea were closed for holiday, China +0.04%, Taiwan +0.47%, Australia +0.35%, Singapore +0.12%, India +0.28%. Commodity prices are mixed. Jun crude oil (CLM14 +0.17%) is up +0.22%. Jun gasoline (RBM14 +0.21%) is up +0.29%. Jun gold (GCM14 +0.11%) is down -0.02%. July copper (HGN14 +0.29%) is up +0.16%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.44%) is down -0.39% at a 6-1/4 month low after the OECD cut its U.S. 2014 GDP estimate. EUR/USD (^EURUSD) is up +0.43% at a 1-1/2 month high on expectations the ECB will refrain from additional stimulus measures at Thursday's policy meeting. USD/JPY (^USDJPY) is down -0.30%. June T-note prices (ZNM14 -0.10%) are down -3.5 ticks ahead of the start of the Treasury's May quarterly refunding.
The Organization for Economic Cooperation and Development (OECD) cut its global 2014 GDP forecast to 3.4% from 3.6% predicted in November, the second reduction in 6 months, as it lowered its China 2014 GDP estimate to 7.4% from a Nov estimate of 8.2%. The OECD hiked its Eurozone 2014 GDP forecast to 1.2% from a 1.0% estimate in Nov, while it lowered its U.S. 2014 GDP forecast to 2.6% from a 2.9% estimate in Nov.
The Eurozone Markit Apr composite PMI was left unchanged at 54.0, right on expectations and the fastest pace of expansion in 2-3/4 years.
Eurozone Mar retail sales unexpectedly rose +0.3% m/m, better than expectations of -0.2% m/m, while on an annual basis Mar retail sales rose +0.9% y/y, less than expectations of +1.0% y/y.
The UK Markit/CIPS Apr composite PMI rose +1.4 to 59.2, the fastest pace of expansion in 5 months.

U.S. STOCK PREVIEW

Today’s March U.S. trade deficit is expected to narrow to -$40.5 billion from -$42.3 billion in February. The Treasury today will sell $29 billion of 3-year T-notes. There are 26 of the S&P 500 companies that report earnings today. Notable reports include Walt Disney (consensus $0.95), Allstate (1.20), Emerson Electric (0.81), First Solar (0.52), Marathon Oil (0.72), Electronic Arts (0.11), Whole Foods Markets (0.41).
Equity conferences this week include: Barclays Chemical ROC Stars Conference on Tue, Barclays High Yield Bond & Syndicated Loan Conference on Tue, Robert W. Baird & Co. Growth Stock Conference on Tue-Wed, Bank of America Merrill Lynch Global Transportation Conference on Wed-Thu, Wells Fargo Industrial & Construction Conference on Wed-Thu, Jefferies Global Technology, Media & Telecom Conference on Tue-Thu, and
Deutsche Bank Healthcare Conference on Wed-Fri.

OVERNIGHT U.S. STOCK MOVERS

Avago (AVGO -0.03%) jumped over 4% in pre-market trading after it was announced that it will replace LSI Corp. (LSI unch) in the S&P 500 as of the May 7 close.
Emerson Electric (EMR +0.13%) reported Q2 EPS of 77 cents, weaker than consensus of 81 cents.
Discovery Commnications (DISCA +1.51%) reported Q1 EPS of 75 cents, higher than consensus of 71 cents.
DirecTV (DTV -0.04%) reported Q1 EPS of $1.44, below consensus of $1.48
EOG Resources (EOG +2.26%) reported Q1 EPS of $1.21, better than consensus of $1.20.
Barron's reported that four Discover (DFS -0.16%) insiders sold 140,353 shares of stock.
Axiall (AXLL +0.91%) reported a Q1 adjusted EPS loss of -8 cents, a wider loss than consensus of -5 cents.
athenahealth (ATHN -0.02%) plunged 10% in after-hours trading after activist investor David Einhorn said he is short the stock.
Murphy USA (MUSA +4.51%) reported Q1 EPS of 21 cents, below consensus of 22 cents.
Alleghany (Y +0.56%) reported Q1 EPS of $12.28, well above consensus of $8.02.
Thor Industries (THO -0.34%) reported Q3 preliminary revenue of $1.05 bllion, below consensus of $1.09 billion.
Anadarko (APC -0.08%) reported Q1 EPS of $1.26, better than consensus of $1.16.
Scotts Miracle-Gro (SMG -1.08%) reported Q2 adjusted EPS of $2.17, stronger than consensus of $1.97.
AIG (AIG +0.71%) reported Q1 EPS of $1.21, higher than consensus of $1.07.
Genpact (G -1.34%) reported Q1 adjusted EPS of 24 cents, better than consensus of 23 cents.

MARKET COMMENTS

June E-mini S&Ps (ESM14 +0.04%) this morning are up +2.00 points (+0.11%). The S&P 500 index on Monday shook off early losses and closed higher: S&P 500 +0.19%, Dow Jones +0.11%, Nasdaq +0.49%. Bearish factors for stocks included (1) Chinese growth concerns after the China Apr HSBC manufacturing PMI was revised lower to 48.1 from the originally reported 48.3, weaker than expectations of +0.1 to 48.4, and (2) geopolitical risks after violence in Ukraine spread to the southern part of the country. Stocks rebounded after the Apr ISM non-manufacturing index rose +2.1 to 55.2, a larger increase than expectations of +0.9 to 54.0 and the fastest pace of expansion in 8 months.
Jun 10-year T-notes (ZNM14 -0.10%) this morning are down -3.5 ticks. Jun 10-year T-note futures prices on Monday closed lower. Bearish factors included (1) the stronger-than-expected Apr ISM non-manufacturing index that expanded at the fastest pace in 8 months, and (2) supply pressures as the Treasury auctions $69 billion of T-notes and T-bonds in this week's May quarterly refunding. Closes: TYM4 -2.50, FVM4 unch.
The dollar index (DXY00 -0.44%) this morning is down -0.308 (-0.39%) at a 6-1/4 month low. EUR/USD (^EURUSD) is up +0.0060 (+0.43%) at a 1-1/2 month high. USD/JPY (^USDJPY) is down -0.31 (-0.30%). The dollar index on Monday closed slightly lower. Dollar index -0.030 (-0.04%), EUR/USD +0.0004 (+0.03%), USD/JPY -0.066 (-0.06%). Negative factors for the dollar included (1) strength in the yen after USD/JPY fell to a 2-week low after BOJ Governor Kuroda said in a CNBC interview that the economic recovery is on track, which dampened speculation the BOJ would add to monetary stimulus, and (2) strength in EUR/USD on speculation that the ECB at Thursday's policy meeting will refrain from additional stimulus measures.
Jun WTI crude oil (CLM14 +0.17%) this morning is up +22 cents (+0.22%). Jun gasoline (RBM14 +0.21%) is up +0.0084 (+0.29%). Jun crude and gasoline prices on Monday closed lower with Jun gasoline at a 4-week low. Bearish factors included (1) concern that China's economy may slow further after the China Apr HSBC manufacturing PMI was revised lower, and (2) weakness in gasoline on expectations for U.S. refiners to begin to ramp up gasoline production for the summer driving season as seasonal maintenance to refiners ends. Closes: CLM4 -0.28 (-0.28%). RBM4 -0.03538 (-1.20%).

GLOBAL EVENT CALENDAR05/06/2014

US	0830 ET	Mar trade deficit expected -$40.5 billion, Feb -$42.3 billion.
	1300 ET	Treasury auctions $29 billion of 3-year T-notes.
	1900 ET	Fed Governor Jeremy Stein speaks on the economic outlook and monetary policy to the Money Marketeers of NYU.
GER	0355 ET	Revised German Apr Markit/BME composite PMI, previous 56.3.
EUR	0400 ET	Revised Eurozone Apr Markit composite PMI, previous 54.0.
	0500 ET	Eurozone Mar retail sales expected -0.2% m/m and +1.0% y/y, Feb +0.4% m/m and +0.8% y/y.
UK	1901 ET	UK Apr BRC shop price index expected -0.8% y/y, Mar -1.7% y/y.
JPN	1915 ET	Japan Apr Markit/JMMA composite PMI, Mar 52.8.
	n/a	Japanese markets closed for Greenery Day holiday.
CHI	2145 ET	China Apr HSBC composite PMI, Mar 49.3.

U.S. STOCK CALENDAR05/06/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
DIRECTV	DTV US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	1.479
Rowan Cos Plc	RDC US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.201
Zoetis Inc	ZTS US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.367
Denbury Resources Inc	DNR US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.247
Emerson Electric Co	EMR US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.81
NRG Energy Inc	NRG US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	-0.13
Vulcan Materials Co	VMC US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	-0.333
HCP Inc	HCP US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.742
AMETEK Inc	AME US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.563
International Flavors & Fragrances Inc	IFF US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	1.253
FirstEnergy Corp	FE US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.417
Discovery Communications Inc	DISCA US	7:00	Q1 2014 Earnings Release	Q1 2014	0.708
Mosaic Co/The	MOS US	7:00	Q1 2014 Earnings Release	Q1 2014	0.587
DENTSPLY International Inc	XRAY US	7:00	Q1 2014 Earnings Release	Q1 2014	0.555
American International Group Inc	AIG US	8:00	Q1 2014 Earnings Call	Q1 2014
Pitney Bowes Inc	PBI US	8:00	Analyst Day	Y 2014
NRG Energy Inc	NRG US	8:00	Q1 2014 Earnings Call	Q1 2014
Discovery Communications Inc	DISCA US	8:30	Q1 2014 Earnings Call	Q1 2014
Zoetis Inc	ZTS US	8:30	Q1 2014 Earnings Call	Q1 2014
E*TRADE Financial Corp	ETFC US	8:30	Annual General Meeting	Y 2014
DENTSPLY International Inc	XRAY US	8:30	Q1 2014 Earnings Call	Q1 2014
AMETEK Inc	AME US	8:30	Q1 2014 Earnings Call	Q1 2014
Anadarko Petroleum Corp	APC US	9:00	Q1 2014 Earnings Call	Q1 2014
Exelon Corp	EXC US	9:00	Annual General Meeting
Avon Products Inc	AVP US	9:00	Annual General Meeting	Y 2014
Nielsen Holdings NV	NLSN US	9:00	Annual General Meeting	Y 2014
Mosaic Co/The	MOS US	9:00	Q1 2014 Earnings Call	Q1 2014
Merck & Co Inc	MRK US	9:00	Investor Day	2014
Kraft Foods Group Inc	KRFT US	9:30	Annual General Meeting
Tenet Healthcare Corp	THC US	10:00	Q1 2014 Earnings Call	Q1 2014
Baxter International Inc	BAX US	10:00	Annual General Meeting	Y 2014
Bristol-Myers Squibb Co	BMY US	10:00	Annual General Meeting	Y 2014
EOG Resources Inc	EOG US	10:00	Q1 2014 Earnings Call	Q1 2014
Vornado Realty Trust	VNO US	10:00	Q1 2014 Earnings Call	Q1 2014
International Flavors & Fragrances Inc	IFF US	10:00	Q1 2014 Earnings Call	Q1 2014
Kimco Realty Corp	KIM US	10:00	Annual General Meeting	Y 2014
Boston Scientific Corp	BSX US	11:00	Annual General Meeting	Y 2014
Rowan Cos Plc	RDC US	11:00	Q1 2014 Earnings Call	Q1 2014
Xylem Inc/NY	XYL US	11:00	Annual General Meeting
Denbury Resources Inc	DNR US	11:00	Q1 2014 Earnings Call	Q1 2014
Vulcan Materials Co	VMC US	11:00	Q1 2014 Earnings Call	Q1 2014
Varian Medical Systems Inc	VAR US	11:30	Investor Meeting	Y 2014
HCP Inc	HCP US	12:00	Q1 2014 Earnings Call	Q1 2014
Sigma-Aldrich Corp	SIAL US	12:00	Annual General Meeting	Y 2014
Allergan Inc/United States	AGN US	13:00	Annual General Meeting
FirstEnergy Corp	FE US	13:00	Q1 2014 Earnings Call	Q1 2014
DIRECTV	DTV US	14:00	Q1 2014 Earnings Call	Q1 2014
Emerson Electric Co	EMR US	14:00	Q2 2014 Earnings Call	Q2 2014
L-3 Communications Holdings Inc	LLL US	14:30	Annual General Meeting
Danaher Corp	DHR US	15:00	Annual General Meeting	Y 2014
Allstate Corp/The	ALL US	16:05	Q1 2014 Earnings Release	Q1 2014	1.204
Walt Disney Co/The	DIS US	16:15	Q2 2014 Earnings Release	Q2 2014	0.953
Frontier Communications Corp	FTR US	16:30	Q1 2014 Earnings Call	Q1 2014
First Solar Inc	FSLR US	16:30	Q1 2014 Earnings Call	Q1 2014
TripAdvisor Inc	TRIP US	16:30	Q1 2014 Earnings Call	Q1 2014
Microchip Technology Inc	MCHP US	17:00	Q4 2014 Earnings Call	Q4 2014
Walt Disney Co/The	DIS US	17:00	Q2 2014 Earnings Call	Q2 2014
Electronic Arts Inc	EA US	17:00	Q4 2014 Earnings Call	Q4 2014
Whole Foods Market Inc	WFM US	17:00	Q2 2014 Earnings Call	Q2 2014
ONEOK Inc	OKE US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.367
Pioneer Natural Resources Co	PXD US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	1.061
Microchip Technology Inc	MCHP US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.619
Frontier Communications Corp	FTR US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.061
First Solar Inc	FSLR US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.524
Marathon Oil Corp	MRO US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.716
Electronic Arts Inc	EA US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.107
FMC Corp	FMC US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.945
Whole Foods Market Inc	WFM US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	0.409
TripAdvisor Inc	TRIP US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.544
Zimmer Holdings Inc	ZMH US		Annual General Meeting
Plum Creek Timber Co Inc	PCL US		Annual General Meeting
QUALCOMM Inc	QCOM US		Investor Day	Y 2014
Google Inc	GOOGL US		Google vs. Vringo Inc. Trial Arguments on Dispute of Filtering Technology
AutoNation Inc	AN US		Annual General Meeting
O'Reilly Automotive Inc	ORLY US		Annual General Meeting
Sigma-Aldrich Corp	SIAL US		Annual General Meeting
Masco Corp	MAS US		Annual General Meeting