Thursday, June 5, 2014

Westmoreland Coal - Barchart's Chart of the Day

Westmoreland Coal (WLB) is the Barchart Chart of the Day. The Montana coal company has  Trend Spotter buy signal, a Weighted Alpha of 184.30+ and gained 168.89% in the last year.

The Chart of the Day is Westmoreland Coal (WLB).  I found the stock by sorting the New High List for Weighted Alpha then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/27 the stock gained 6.99%.

Westmoreland Coal Company's principal activities are: the production and sale of coal from the Powder River Basin in eastern Montana; the ownership of interests in cogeneration and other non-regulated independent power plants; and the leasing of capacity at Dominion Terminal Associates, a coal storage and vessel loading facility.

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:

  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 13.56% in the last month
  • Relative Strength Index 73.37%
  • Barchart computes a technical support level at 30.43
  • Recently traded at 32.31 with a 50 day moving average of 29.40
Fundamental factors:
  • Market Cap $479.80 million
  • Revenue expected to grow 62.20% this year and another 22.60% next year
  • Earnings estimated to increase 154.90% next year
  • Wall Street analysts issued 2 strong buy and 1 buy recommendation on the stock
Energy, especially coal will be volatile so use discipline and exit at the 100 day moving average


Empresa Distribuidora Y Comercializadora - Chart of the Day

Empresa Distribuidora Y Comercializadora (EDN) is the Barchart Chart of the Day.  The Argentine electric company has a Trend Spotter buy signal, a Weighted Alpha of 304.90+ and gained 355.23% in the last year.

The Chart of the Day is Empresa Distribuidora Y Comercializadora (EDN).  I found the stock by sorting today's New High List for Weighted Alpha, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 6/3 the stock gained 5.60%.

EDN is the largest electricity distribution company in Argentina in terms of number of customers and electricity sold (both in GWh and Pesos). Through a concession, EDN distributes electricity exclusively to the northwestern zone of the greater Buenos Aires metropolitan area and the northern part of the city of Buenos Aires, which has a population of approximately 7 million people and an area of 4,637 sq. km.


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
  • 6 new highs and up 8.91% in the last month
  • Relative Strength Index 68.59%
  • Barchart computes a technical support level at 9.92
  • Recently traded at 10.93 with a 50 day moving average of 8.99
Fundamental factors:
  • Market Cap $490.76 million
  • No Wall Street analysts are presently rating the stock
  • On Motley Fool readers vote 80 to 3 that the stock would beat the market
  • The more experienced All Stars voted 19 to 0 for the same result
Treat as a technical stock and be out on the 100 day moving average.

Today's Hottest NASDAQ 100 Stocks

Today I used Barchart to find the hottest stocks in the NASDAQ 100 Index.  I first sorted the Index to find the stocks with the most frequent new highs in the last month, then used the Flipchart feature to find the best charts.

Today's list includes Netflix (NFLX), Sandisk (SNDK), Intel (INTC), Avago Technologies (AVGO) and Sigma-Aldrich (SIAL):

Netflix (NFLX)


Barchart technical indicators:
  • 64% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 24.24% in the last month
  • Relative Strength Index 72.31%
  • Barchart computes a technical support level at 409.14
  • Recently traded at 423.21 with a 50 day moving ave4rage of 356.90
Sandisk (SNDK)


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 14.21% in the last month
  • Relative Strength Index 80.59%
  • Barchart computes a technical support level at 96.34
  • Recently traded at 97.81 with a 50 day moving average of 85.98
Intel (INTC)


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 4.51% in the last month
  • Relative Strength Index 71.31%
  • Barchart computes a technical support level at 27.36
  • Recently traded at 27.60 with a 50 day moving average of 26.43


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 11.42% in the last month
  • Relative Strength Index 67.79%
  • Barchart computes  a technical support level at 70.82
  • Recently traded at 71.61 with a 50 day moving average of 65.21


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 3.32% in the last month
  • Relative Strength Index 64.07%
  • Barchart computes a technical support level at 98.13
  • Recently traded at 98.62 with a 50 day moving average of 95.43











BARCHART MORNING CALL 6/5

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 +0.08%) this morning are down -0.04% as prices consolidate gains following Wednesday’s rally to a record high. European stocks are up +0.16% on stronger-than-expected economic data on Eurozone Apr retail sales and German Apr factory orders. The markets also await the ECB interest rate announcement and the press conference by ECB President Draghi. The ECB is expected to cut the 2-week refinancing rate by -15 bp to 0.10% and cut the overnight ECB deposit rate by -10 bp to a negative -0.10%. The ECB will also update its forecasts on inflation and economic growth. As expected, the BOE maintained its benchmark rate at 0.50% and held the asset purchase target at 375 billion pounds following its policy meeting. Asian stocks closed mixed: Japan +0.08%, Hong Kong -0.18%, China +1.05%, Taiwan +0.23%, Australia -0.15%, Singapore -0.02%, South Korea -0.63%, India +0.86%. Japan's Nikkei Stock Index climbed to its best level in 2 months as exporter stocks rallied after the yen Wednesday slid to a 1-month low against the dollar, which bolsters the earnings prospects of exporters. Commodity prices are mixed. July crude oil (CLN14 -0.31%) is down -0.29%. July gasoline (RBN14 -0.11%) is down -0.09%. Aug gold (GCQ14 +0.15%) is up +0.06%. July copper (HGN14 -0.15%) is down -0.10%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.08%) is down -0.08%. EUR/USD (^EURUSD) is up +0.08%. USD/JPY (^USDJPY) is down -0.25%. Sep T-note prices (ZNU14 +0.24%) are up +7 ticks.
Eurozone Apr retail sales unexpectedly rose +0.4% m/m, better than expectation of unch m/m and rose +2.4% y/y, stronger than expectations of +1.2% y/y and the largest annual increase in 7 years.
German Apr factory orders rose +3.1% m/m and +6.3% y/y, stronger than expectations of +1.4% m/m and +4.6% y/y.
UK May Halifax house prices jumped +3.9% m/m, over five times expectations of +0.7% m/m and the biggest monthly gain in 1-1/2 years. Prices rose +8.7% 3-months y/y, better than expectations of +7.4% 3-months y/y.
U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show an increase of +10,000 to 310,000, reversing part of last week’s drop of -27,000 to 300,000. Meanwhile, today’s continuing claims report is expected to show a decline of -6,000 to 2.625 million, adding to last week’s -17,000 decline to 2.631 million. There are 6 of the Russell 1000 companies that report earnings today: Cooper Companies (consensus $1.60), JM Smucker (1.17), Joy Global (0.71), Navistar (-1.27), Thor Industries (1.07), and VeriFone (0.33).
Equity conferences this week include: Jefferies Global Health Care Conference on Mon-Thu, National Association of Real Estate Investment Trusts REITWeek Investor Forum on Tue-Thu, Deutsche Bank Global Industrials and Basic Materials Conference on Wed-Thu, Credit Suisse Engineering & Construction Conference on Thu, UBS Aerospace & Defense Conference on Thu.





OVERNIGHT U.S. STOCK MOVERS
JM Smucker (SJM -0.11%) reported Q4 EPS of $1.21, better than consensus of $1.17.
Verint Systems (VRNT +0.58%) was upgraded to 'Outperform' from 'Neutral' at Credit Suisse.
Clovis (CLVS +0.44%) was upgraded to 'Buy' from 'Hold' at Stifel.
Citigroup keeps a 'Buy' rating on Canadian Pacific (CP +1.64%) and raises its price target on the stock to $205 from $190.
Joy Global (JOY -0.28%) reported Q2 EPS of 76 cents, higher than consensus of 71 cents.
T-Mobile (TMUS +0.23%) rose over 2% and Sprint (S -1.05%) climbed over 4% in after-hours trading after Bloomberg reported that the companies were close to an agreement on the price, capital structure and termination fee for the takeover of T-Mobile.
Greif (GEF -1.00%) reported Q2 EPS of 61 cents, weaker than consensus of 67 cents, and then lowered guidance on fiscal 2014 EPS to $2.48-$2.80 from $2.60-$3.15, well below consensus of $2.99.
Whole Foods (WFM +1.78%) was initiated with an 'Outperform' at Imperial Capital with a price target of $48.
Agilent (A +0.40%) adjusted its previously reported Q2 net income downward to $139 million, or 41 cents per share, a change from the second-quarter net income of $150 million, or 45 cents per share, previously announced May 14.
PVH Corporation (PVH +0.27%) dropped over 5% in after-hours trading after it reported Q1 EPS of $1.47, below consensus of $1.49, and then lowered guidance on fiscal 2014 EPS to $7.30 -$7.40 from $7.40 - $7.50, weaker than consensus of $7.51.
Verint Systems (VRNT +0.58%) reported Q1 adjusted EPS of 72 cents, well above consensus of 55 cents, and then raised guidance in fiscal 2015 EPS to $3.30-$3.50 from $3.20-$3.40, stronger than consensus of $3.30.
MARKET COMMENTS
June E-mini S&Ps (ESM14 +0.08%) this morning are down -0.75 of a point (-0.04%). The S&P 500 index on Wednesday closed higher. Stocks had opened lower after a +179,000 increase in May ADP employment, less than expectations of 210,000 and the smallest increase in 4 months. The S&P 500 recovered, however, and posted a record high after the May ISM non-manufacturing index rose +1.1 to 56.3, better than expectations of +0.3 to 55.5 and the fastest pace of expansion in 9 months. Stocks also found support on an upbeat Fed Beige Book. Closes: S&P 500 +0.19%, Dow Jones +0.09%, Nasdaq +0.36%.
Sep 10-year T-notes (ZNU14 +0.24%) this morning are up +7 ticks. Sep 10-year T-note futures prices on Wednesday fell to a 3-week low and closed lower. Bearish factors included (1) the larger-than-expected increase in the May ISM non-manufacturing index, and (2) reduced safe-haven demand for T-notes after the S&P 500 rallied to yet another record high. Closes: TYU4 -3.50, FVU4 -0.75.
The dollar index (DXY00 -0.08%) this morning is down -0.066 (-0.08%). EUR/USD (^EURUSD) is up +0.0011 (+0.08%). USD/JPY (^USDJPY) is down -0.26 (-0.25%). The dollar index on Wednesday closed higher after the May ISM non-manufacturing index expanded at the fastest pace in 9 months, a sign of economic strength. EUR/USD weakened ahead of Thursday’s ECB meeting where policy makers are expected to expand stimulus measures. USD/JPY posted a 1-month high on speculation that Japan’s Government Pension Investment Fund (GPIF), Japan’s biggest, will diversify more of its assets into foreign investments from yen-denominated investments. Closes: Dollar Index +0.109 (+0.14%), EUR/USD -0.00288 (-0.21%), USD/JPY +0.239 (+0.23%).
July WTI crude oil (CLN14 -0.31%) this morning is down -30 cents (-0.29%). July gasoline (RBN14 -0.11%) is down -0.0025 (-0.09%). July crude and gasoline prices on Wednesday closed slightly lower. Bullish factors included (1) a -3,431 million bbl plunge in weekly EIA crude inventories, more than expectations of -250,000 bbl, and (2) the -321,000 bbl decline in crude stockpiles at Cushing, OK, the delivery point of WTI futures, to a 5-1/2 year low of 21.37 million bbl. Crude and gasoline shed their gains and closed lower after the EIA reported that total fuel consumption in the week ended May 30 fell by -977,000 bpd, the biggest drop in 5 months. Closes: CLN4 -0.02 (-0.02%) RBN4 -0.0135 (-0.46%).
GLOBAL EVENT CALENDAR06/05/2014
US0730 ETMay Challenger job cuts, Apr +5.7% y/y
0830 ETWeekly initial unemployment claims expected +10,000 to 310,000, previous -27,000 to 300,000. Weekly continuing claims expected -6,000 to 2.625 million, previous -17,000 to 2.631 million.
0830 ETUSDA weekly Export Sales.
1100 ETTreasury announces amount of 3-year T-notes (previous $29 billion), 10-year T-notes (previous $24 billion) and 30-year T-bonds (previous $16 billion) to be auctioned Jun 10-12.
1330 ETMinneapolis Fed President Narayana Kocherlakota delivers a prepared speech on Low Real Interest Rates at Boston Colleges Annual Finance Conference.
GER0200 ETGerman Apr factory orders expected +1.4% m/m and +4.6% y/y, Mar -2.8% m/m and +1.5% y/y.
EUR0500 ETEurozone Apr retail sales expected unch m/m and +1.2% y/y, Mar +0.3% m/m and +0.9% y/y.
0745 ETECB announces interest rate decision expected -0.15 cut in 2-week refinancing rate to 0.10% and -0.10 cut in overnight deposit rate to -0.10%.
0830 ETECB President Mario Draghi holds monthly press conference following ECB policy meeting.
UK0700 ETBOE 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.
U.S. STOCK CALENDAR06/05/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Joy Global IncJOY USBef-mktQ2 2014 Earnings ReleaseQ2 20140.71
Navistar International CorpNAV USBef-mktQ2 2014 Earnings ReleaseQ2 2014-1.271
JM Smucker Co/TheSJM USBef-mktQ4 2014 Earnings ReleaseQ4 20141.165
Kosmos Energy LtdKOS US7:00Annual General Meeting
L Brands IncLB US7:30May 2014 Sales and Revenue Call2014
Medtronic IncMDT US8:30Analyst MeetingY 2014
JM Smucker Co/TheSJM US8:30Q4 2014 Earnings CallQ4 2014
Navistar International CorpNAV US9:00Q2 2014 Earnings CallQ2 2014
PVH CorpPVH US9:00Q1 2015 Earnings CallQ1 2015
Ingersoll-Rand PLCIR US9:30Annual General MeetingY 2013
Greif IncGEF US10:00Q2 2014 Earnings CallQ2 2014
Time Warner Cable IncTWC US10:00Annual General MeetingY 2014
Thor Industries IncTHO USAft-mktQ3 2014 Earnings ReleaseQ3 20141.073
VeriFone Systems IncPAY USAft-mktQ2 2014 Earnings ReleaseQ2 20140.325
Gap Inc/TheGPS USMay 2014 Sales and Revenue Release2014
L Brands IncLB USMay 2014 Sales and Revenue Release2014
MGM Resorts InternationalMGM USAnnual General Meeting
Costco Wholesale CorpCOST USMay 2014 Sales and Revenue Release2014
Activision Blizzard IncATVI USAnnual General Meeting
tw telecom incTWTC USAnnual General MeetingY 2014
Priceline Group Inc/ThePCLN USAnnual General Meeting
Senior Housing Properties TrustSNH USAnnual General Meeting
Alliance Data Systems CorpADS USAnnual General Meeting
SandRidge Energy IncSD USAnnual General Meeting
Concho Resources IncCXO USAnnual General Meeting

Wednesday, June 4, 2014

Lam Research - Barchart's Chart of the day

Lam Research (LCRX) is the Barchart Chart of the Day.   The semiconductor equipment stock has a Trend Spotter buy signal, a Weighted Alpha of 40.30+ and gained 34.33% in the last year.

The Chart of the Day is Lam Research (LRCX).  I found the stock by sorting today's New High List for new high frequency in the last month then used the Flipchart feature to find the chart I liked.  Since the Tredn Spotter signaled a buy on 4/24 the stock gained 10.71%.


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
  • 16 new highs and up 12.05% in the last month
  • Relative Strength Index 76.09%
  • Barchart computes a technical support level at 61.39
  • Recently traded at 64.56 with a 50 day moving average of 56.95
Fundamental factors:
  • Market Cap $10.48 billion
  • P/E 15.70
  • Revenue expected to grow 27.80% this year and another 6.40% next year
  • Earnings estimated to increase by 98.20% this year, an additional 7.30% next year and continue to compound at an annual rate of 33.87% over the next 5 years
  • Wall Street analysts issued 4 strong buy, 13 buy and 3 hold recommendation on the stock
Great growth stock.  As always use the 50 day moving average as a sign of weakness and bail  at the 100 day moving average.

Today's Hot Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index stocks to find the stocks with the best technical indicators and charts.  First I sorted for technical buy signals then used the Flipchart feature to review the charts.

Today's list includes US Silica (SLCA), Skechers (SKX), Polyone (POL), Carrizo Oil and Gas (CRZO) and Tuesday Morning (TUES):

US Silica (SLCA)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 12.78% in the last month
  • Relative Strength Index 77.69
  • Barchart computes a technical support level at 50.46
  • Recently traded at 52.81 with a 50 day  moving average of 43.94
Skechers (SKX)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 14.65% in the last month
  • Relative Strength Index 73.04%
  • Barchart computes a technical support level at 43.63
  • Recently traded at 45.75 with a 50 day moving average of 39.22
Polyone (POL)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 5.13% in the last month
  • Relative Strength Index 67.93%
  • Barchart computes a technical support level at 39.60
  • Recently traded at 40.89 with a 50 day moving average of 38.12


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 10.87% in the last month
  • Relative Strength Index 69.07%
  • Barchart computes a technical support level at 56.46
  • Recently traded at 61.17 with a 50 day moving average of 54.87



Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 23.99% in the last month
  • Relative Strength Index 72.40%
  • Barchart computes a technical support level at 15.97
  • Recently traded at 17.76 with a 50 day moving average of 14.43






BARCHART MORNING CALL 6/4

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 -0.17%) this morning are down -0.13% ahead of the May ADP employment change later this morning and European stocks are down -0.25% at a 1-week low after the Eurozone May composite PMI was revised lower, a sign of weaker economic growth. European stocks also fell back on profit taking ahead of Thursday's ECB meeting where the ECB is expected to boost stimulus measures to spur economic growth and combat deflation risks. Asian stocks closed mostly lower: Japan +0.22%, Hong Kong -0.60%, China -1.01%, Taiwan -0.04%, Australia -0.64%, Singapore -0.50%, South Korea closed for holiday, India -0.21%. Japanese stocks bucked the trend and closed higher, led by gains in exporters, after the yen fell to a 1-month low against the dollar, which boosts the earnings prospects of exporters. China's Shanghai Stock Index fell to a 2-week low on concern that government measures to revive China's property market may come up short. Commodity prices are mixed. July crude oil (CLN14 +0.75%) is up +0.61% ahead of the weekly EIA inventory data later today. July gasoline (RBN14 +0.12%) is up +0.09%. Aug gold (GCQ14 +0.10%) is up +0.04%. July copper (HGN14 -1.42%) is down -1.37% at a 3-week low. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 unch) is up +0.04%. EUR/USD (^EURUSD) is down -0.07%. USD/JPY (^USDJPY) is up +0.14% at a 1-month high. Sep T-note prices (ZNU14 -0.04%) are down -0.5 of a tick.
Eurozone Apr PPI fell -0.1% m/m and -1.2% y/y, right on expectations. Eurozone producer prices have now fallen for 9 straight months on a year-over-year basis.
The Eurozone May Markit composite PMI was revised lower to 53.5 from the originally reported 53.9.
Eurozone Q1 GDP was left unrevised at +0.2% q/q and +0.9% y/y.
The German May Markit/BME composite PMI was revised lower to 55.6 from the originally reported 56.1.
The UK May BRC shop price index fell -1.4% y/y, a larger decline than expectations of -1.3% y/y.
U.S. STOCK PREVIEW
Today’s May ADP employment report is expected to show a solid increase of +210,000, down slightly from +220,000 in April. Today’s April U.S. trade deficit is expected to widen slightly to -$40.8 billion from -$40.4 billion in March. Today’s May ISM non-manufacturing index is expected to show a small increase of +0.3 points to 55.5, adding to the +2.1 point increase to 55.2 seen in April. There are 4 of the Russell 1000 companies that report earnings today: Brown-Forman (consensus $0.58), Leidos Holdings (0.54), PVH (1.49), Greif (0.61).
Equity conferences this week include: Jefferies Global Health Care Conference on Mon-Thu, National Association of Real Estate Investment Trusts REITWeek Investor Forum on Tue-Thu, Bank of America Merrill Lynch Global Technology Conference on Tue-Wed, Stephens Spring Conference on Tue-Wed, Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference on Tue-Wed, Goldman Sachs Dotcommerce Conference on Wed, KBW Asset Management Conference on Wed, Sandler O'Neill Global Exchange & Brokerage Conference on Wed,
Deutsche Bank Global Industrials and Basic Materials Conference on Wed-Thu, Credit Suisse Engineering & Construction Conference on Thu, UBS Aerospace & Defense Conference on Thu.





OVERNIGHT U.S. STOCK MOVERS
Barclays (BCS -0.79%) was downgraded to 'Neutral' from 'Overweight' at HSBC.
Broadcom (BRCM +2.99%) was downgraded to 'Hold' from 'Buy' at Standpoint Research.
The WSJ reports that NRG Energy (NRG +1.21%) is close to buying Alta Wind Energy Center (EIX +0.97%) , the largest wind farm in North America, for $800 million.
Coach (COH -0.20%) was downgraded to 'Neutral' from 'Buy' at Sterne Agee.
Credit Suisse (CS -0.74%) was upgraded to 'Conviction Buy' from 'Neutral' at Goldman Sachs.
Deutsche Bank (DB -0.22%) was upgraded to 'Neutral' from 'Sell' at Goldman Sachs.
Under Armour (UA -0.72%) gained 1.4% in pre-market trading after the stock was upgraded to 'Buy' from 'Hold' at Jeffries.
Northrop Grumman (NOC -0.39%) was awarded a $9.9 billion government contract for B-2 modernization and sustainment.
ABM Industries (ABM -1.79%) reported Q4 adjusted EPS of 33 cents, well below consensus of 40 cents.
Ascena Retail (ASNA -0.79%) reported Q3 adjusted EPS of 27 cents, well ahead of consensus of 19 cents.
Mattress Firm (MFRM -0.74%) reported Q1 adjusted EPS of 31 cents, below consensus of 36 cents.
MARKET COMMENTS
June E-mini S&Ps (ESM14 -0.17%) this morning are down -2.50 points (-0.13%). The S&P 500 index on Tuesday fell back from Monday’s record high on long liquidation pressures and closed slightly lower. Bullish factors included (1) the +0.7% increase in U.S. Apr factory orders, better than expectations of +0.5%, and (2) expectations for the ECB to expand its stimulus measures when it meets Thursday, which may help facilitate global economic growth. Closes: S&P 500 -0.04%, Dow Jones -0.13%, Nasdaq -0.08%.
Sep 10-year T-notes (ZNU14 -0.04%) this morning are down -0.5 of a tick. Sep 10-year T-note futures prices on Tuesday slipped to a 2-1/2 week low and closed lower. Bearish factors included (1) the larger-than-expected increase in U.S. Apr factory orders along with the upward revision to Mar, and (2) carry-over weakness from a drop in European bond markets which fell back on long liquidation ahead of Thursday’s ECB meeting. Closes: TYU4 -15.00, FVU4 -6.00.
The dollar index (DXY00 unch) this morning is up +0.030 (+0.04%). EUR/USD (^EURUSD) is down -0.0009 (-0.07%). USD/JPY (^USDJPY) is up +0.14 (+0.14%) at a 1-month high. The dollar index on Tuesday closed lower. EUR/USD gained after the Eurozone Apr unemployment rate unexpectedly fell -0.1 to a 17-month low of 11.7%. Losses in the dollar were limited after the yen weakened as USD/JPY climbed to a 1-month high on speculation that Japan’s Government Pension Investment Fund (GPIF), Japan’s biggest, will diversify more of its assets into foreign investments from yen-denominated investments. Closes: Dollar Index -0.090 (-0.11%), EUR/USD +0.00309 (+0.23%), USD/JPY +0.128 (+0.13%).
July WTI crude oil (CLN14 +0.75%) this morning is up +63 cents (+0.61%). July gasoline (RBN14 +0.12%) is up +0.0027 (+0.09%). July crude and gasoline prices on Tuesday settled mixed. Crude prices rallied after U.S. Apr factory orders rose more than expected, a sign of strength in energy demand and consumption. July gasoline fell to a 2-week low and closed lower on expectations for U.S. gasoline production to ramp up now that seasonal refinery maintenance has ended. Closes: CLN4 +0.19 (+0.19%) RBN4 -0.0012 (-0.04%).
GLOBAL EVENT CALENDAR06/04/2014
US0700 ETWeekly MBA mortgage applications, previous -1.2% with purchase sub-index -1.1% and the refi sub-index 1.4%.
0815 ETMay ADP employment change expected +210,000, Apr +220,000.
0830 ETApr trade balance expected -$40.8 billion, Mar -$40.4 billion.
0830 ETRevised Q1 non-farm productivity expected -3.0%, previous -1.7%. Revised Q1 unit labor costs expected +5.3%, previous +4.2%.
1000 ETMay ISM non-manufacturing index expected +0.3 to 55.5, Apr +2.1 to 55.2.
1030 ETEIA Weekly Petroleum Status Report.
1400 ETFed Beige Book.
EUR0400 ETRevised Eurozone May composite PMI, previous 53.9.
0500 ETEurozone Apr PPI expected -0.1% m/m and -1.2% y/y, Mar -0.2% m/m and -1.6% y/y.
0500 ETRevised Eurozone Q1 GDP, previous +0.2% q/q and +0.9% y/y.
U.S. STOCK CALENDAR06/04/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Leidos Holdings IncLDOS US6:00Q1 2015 Earnings ReleaseQ1 20150.537
Fastenal CoFAST US7:00May 2014 Sales and Revenue Release2014
Brown-Forman CorpBF/B US8:00Q4 2014 Earnings ReleaseQ4 20140.582
Leidos Holdings IncLDOS US8:00Q1 2015 Earnings CallQ1 2015
Prudential Financial IncPRU US8:30Analyst & Investor MeetingY 2014
Compass Minerals International IncCMP US8:30Investor DayY 2014
Cobalt International Energy IncCIE US8:30Analyst DayY 2014
American Airlines Group IncAAL US9:00Annual General MeetingY 2014
SCANA CorpSCG US9:00Analyst DayY 2014
Devon Energy CorpDVN US9:00Annual General MeetingY 2014
Science Applications International CorpSAIC US9:00Annual General MeetingY 2014
Brown-Forman CorpBF/B US10:00Q4 2014 Earnings CallQ4 2014
Trimble Navigation LtdTRMB US10:00Analyst DayY 2014
New York Community Bancorp IncNYCB US10:00Annual General MeetingY 2014
HomeAway IncAWAY US10:00Annual General MeetingY 2014
Pandora Media IncP US10:30Annual General MeetingY 2014
PVH CorpPVH USAft-mktQ1 2015 Earnings ReleaseQ1 20151.488
Greif IncGEF USAft-mktQ2 2014 Earnings ReleaseQ2 20140.61
Bank of America CorpBAC US2014 Global Energy and Power Leveraged Finance Conference
Walgreen CoWAG USMay 2014 Sales and Revenue Release2014
AutoNation IncAN USMay 2014 Sales and Revenue Release2014
Ingram Micro IncIM USAnnual General Meeting
BioMarin Pharmaceutical IncBMRN USAnnual General Meeting
SolarCity CorpSCTY USAnnual General Meeting
CST Brands IncCST USAnnual General Meeting

Tuesday, June 3, 2014

MGP Ingredients - Barchart's Chart of the Day

MGP Ingredients (MGPI) is the Barchart Chart of the Day.  The agricultural products stock has a Trend Spotter buy signal. a Weighted Alpha of 51.20+ and gained 36.97% in the last year.

The Chart of the Day is MGP Ingredients (MGPI).  I found the stock by sorting the New High list for new high frequency in the last month, then used the Flipchart feature to review the chart for momentum. Since the Trend Spotter signaled a buy on 5/27 the stock is up 11.66%.

MGP Ingredients is a pioneer in producing and marketing value-added proteins and starches derived primarily from wheat. In addition, they produce natural food-grade alcohol for use in beverage, food and industrial applications, and fuel grade alcohol, commonly known as ethanol.




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:

  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 32.59% in the last month
  • Relative Strength Index 81.48%
  • Barchart computes a technical buy signal at 6.92
  • Recently traded at 7.46 with a 50 day moving average of 6.28
Fundamental factors:
  • Market Cap $131.82 million
  • Dividend yield 1.41%
  • Only one analysts is following the stock but doesn't release projections
  • Over on Motley Fool 163 individual investors have given a split opinion of 83 to 80 for the stock to out perform the market.
Treat as a purely technical play. Exit at the 100 day moving average.

Today's Hot Mid Caps

Today I used Barchart to find the Mid Cap Stocks with the best current momentum, technical indicators and charts.  I first sorted the S&P 400 Mid Cap Index stocks to find the ones with the most new highs in the last month, then used to Flipchart feature to review the charts of trading activity above their moving averages.

Today's list includes Omega Healthcare Investors (OHI), VCA Antech (WOOF), Ingerdion (INGR), Fairchild Semiconductor International (FCS), Biomed Realty Trust (BMR):

Omega Healthcare Investors (OHI)

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 5.54% in the last month
  • Relative Strength Index 71.47%
  • Barchart computes a technical support level at 36.45
  • Recently traded at 37.20 with a 50 day moving average of 35.05


  • 64% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 13.47% in the last month
  • Relative Strength Index 75.32%
  • Barchart computes a technical support level at 33.05
  • Recently traded at 34.5 with a 50 day moving average of 31.43
Ingerdion (INGR)


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 9.47% in the last month
  • Relative Strength Index 69.67%
  • Barchart computes a technical support level at 74.85%
  • Recently traded at 76.11 with a 50 day moving average of 70.69


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 15.82% in the last month
  • Relative Strength Index 72.48%
  • Barchart computes a technical support level at 14.13
  • Recently traded at 14.57 with a 50 day moving average of 13.45


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 4.91% in the last month
  • Relative strength Index 76.74%
  • Barchart computes a technical support level at 21.55
  • Recently traded at 22.02 with a 50 day moving average of 20.80











BARCHART MORNING CALL /

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 -0.26%) this morning are down -0.13% as the market consolidates gains from Monday's rally to a record high, and European stocks are down -0.16% after a slower-than-expected increase in Eurozone CPI points to sluggish economic growth in the Eurozone. Asian stocks closed mixed: Japan +0.66%, Hong Kong +0.91%, China -0.30%, Taiwan +0.52%, Australia -0.70%, Singapore -0.17%, South Korea +0.31%, India +0.70%. Japan's Nikkei Stock Index climbed to a 4-week high on speculation that Japan's Government Pension Investment Fund (GPIF), the country's biggest, will diversify more of its assets into Japanese stocks and foreign investments from government bonds. Commodity prices are mixed. July crude oil (CLN14 -0.12%) is down -0.06%. July gasoline (RBN14 -0.25%) is down -0.24%. Aug gold (GCQ14 +0.25%) is up +0.14%. July copper (HGN14 -1.25%) is down -1.21%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.12%) is down -0.04%. EUR/USD (^EURUSD) is up +0.09%. USD/JPY (^USDJPY) is up +0.06%. Sep T-note prices (ZNU14 -0.19%) are down -9 ticks at a 2-week low.
The Eurozone May CPI estimate rose +0.5% y/y, less than expectations of +0.6% y/y and the slowest pace of increase in 4-1/2 years. The May CPI core rose +0.7% y/y, also less than expectations of +0.8% y/y and matched the slowest pace of increase since Eurozone data began in 1991.
The Eurozone Apr unemployment rate unexpectedly fell -0.1 to 11.7%, better than expectations of no change at 11.8% and the lowest in 17 months.
UK May nationwide house prices rose +0.7% m/m and +11.1% y/y, more than expectations of +0/6% m/m and +10.9% y/y, with the +11.1% y/y increase the biggest annual gain in nearly 7 years.
The UK May Markit/CIPS construction PMI unexpectedly fell -0.8 to a 7-month low of 60.0, weaker than expectations of +0.2 to 61.0.
Japan Apr labor cash earnings rose +0.9% y/y, over double expectations of +0.4% y/y and the most in 2 years.
The China May non-manufacturing PMI rose +0.7 to 55.5, the fastest pace of expansion in 6 months.
U.S. STOCK PREVIEW
Today’s April factory orders report is expected to show an increase of +0.5%, adding to the +0.9% increase seen in March. Today’s May total vehicle sales report is expected to edge higher to 16.10 million from 15.98 million in April. There are 2 of the Russell 1000 companies that report earnings today: Dollar General (consensus $0.73), Ascena Retail Group (0.19).
Equity conferences this week include: Goldman Sachs Lodging, Gaming, Restaurant & Leisure Conference on Mon-Tue, American Society of Clinical Oncology (ASCO) Meeting on Mon-Tue, Eurelectric Conference 2014 on Mon-Tue, Jefferies Global Health Care Conference on Mon-Thu, National Association of Real Estate Investment Trusts REITWeek Investor Forum on Tue-Thu, Bank of America Merrill Lynch Global Telecom & Media Conference on Tue, Barclays Power & Utility Credit Conference on Tue, Wells Fargo Insurance Forum on Tue, Stifel Consumer Conference on Tue, Barclays Power & Utility Credit Conference on Tue, RBC Global Energy and Power Conference on Tue, Bank of America Merrill Lynch Global Technology Conference on Tue-Wed, Stephens Spring Conference on Tue-Wed, Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference on Tue-Wed, Goldman Sachs Dotcommerce Conference on Wed, KBW Asset Management Conference on Wed, Sandler O'Neill Global Exchange & Brokerage Conference on Wed,
Deutsche Bank Global Industrials and Basic Materials Conference on Wed-Thu, Credit Suisse Engineering & Construction Conference on Thu, UBS Aerospace & Defense Conference on Thu.





OVERNIGHT U.S. STOCK MOVERS
Dollar General (DG +0.97%) reported Q1 EPS of 72 cwnts, below consensus of 73 cents.
Clovis (CLVS -6.76%) was downgraded to 'Neutral' from 'Buy' at Citigroup.
Broadcom (BRCM +9.32%) was downgraded to 'Hold' from 'Buy' at Stifel.
Lam Research (LRCX +0.44%) was initiated with a 'Buy' at Jefferies with a price target of $75.
Merion Investment reported a 9.0% passive stake in Zale (ZLC unch) .
Lockheed Martin (LMT +0.28%) was awarded a $914.7 million government contract for engineering, manufacturing and development, production and deployment for the Space Fence program.
Steadfast Capital reported a 5.2% passive stake in Tesoro (TSO -0.21%) .
Applied Materials (AMAT +1.63%) was initiated with a 'Buy' at Jefferies with a price target of $28.
Kroger (KR -0.48%) was initiated with an 'Outperform' at Oppenheimer with a price target of $55.
Quiksilver (ZQK -2.53%) plunged over 30% in after-hours trading after it reported a Q2 adjusted EPS loss of -15 cents, a much wider loss than consensus of -2 cents.
MARKET COMMENTS
June E-mini S&Ps (ESM14 -0.26%) this morning are down -2.50 points (-0.13%). The S&P 500 index on Monday rose to a new record high and closed higher. Bullish factors include (1) reduced Chinese economic concerns after the China May manufacturing PMI rose +0.4 to 50.8, better than expectations of +0.3 to 50.7 and the fastest pace of expansion in 5 months, and (2) the +0.5 point increase in the May ISM manufacturing index to a 5-month high of 55.4. Closes: S&P 500 +0.07%, Dow Jones +0.16%, Nasdaq -0.10%.
Sep 10-year T-notes (ZNU14 -0.19%) this morning are down -9 ticks at a 2-week low. Sep 10-year T-note futures prices on Monday closed lower. Bearish factors included (1) reduced safe-haven demand for Treasuries after the S&P 500 rallied to another record high, and (2) the increase in the May ISM manufacturing index to its fastest pace in 5 months. Closes: TYU4 -20.00, FVU4 -11.75.
The dollar index (DXY00 -0.12%) this morning is down -0.032 (-0.04%). EUR/USD (^EURUSD) is +0.0012 (+0.09%). USD/JPY (^USDJPY) is up +0.06 (+0.06%). The dollar index on Monday rose to a 3-1/2 month high and closed higher. Supportive factors included (1) weakness in EUR/USD after German May CPI rose a less than expected +0.6% y/y, the slowest pace of increase in 4-1/2 years, which may prompt the ECB to expand stimulus measures when it meets Thursday, and (2) weakness in the yen after USD/JPY rallied up to a 1-month high after Nomura Holdings forecast that Japan’s pension funds may diversify their assets and purchase as much as $200 billion in foreign assets, which may weaken the yen by about 10% against the dollar. Closes: Dollar Index +0.275 (+0.34%), EUR/USD -0.0034 (-0.25%), USD/JPY +0.652 (+0.64%).
July WTI crude oil (CLN14 -0.12%) this morning is down -6 cents (-0.06%). July gasoline (RBN14 -0.25%) is down -0.0071 (-0.24%). July crude and gasoline prices on Monday slipped to 1-1/2 week lows and closed lower. Bearish factors included (1) the surge in the dollar index to a 3-1/2 month high, and (2) increased OPEC output after Bloomberg data showed OPEC May oil production rose +75,000 bpd to 29.988 million bpd. Closes: CLN4 -0.32 (-0.31%) RBN4 -0.0162 (-0.55%).
GLOBAL EVENT CALENDAR06/03/2014
US1000 ETApr factory orders expected +0.5%, Mar +0.9%.
1350 ETKansas City Fed President Esther George speaks about the U.S. economy and monetary policy to business and community leaders at an event in Breckenridge, CO.
n/a
UK0200 ETUK May nationwide house prices, expected +0.6% m/m and +10.9% y/y, Apr +1.2% m/m and +10.9% y/y.
0430 ETUK May Markit/CIPS construction PMI, Apr 60.8.
1901 ETUK May BRC shop price index expected -1.3% y/y, Apr -1.4% y/y.
EUR0500 ETEurozone May CPI estimate expected +0.6% y/y, Apr +0.7% y/y. May core CPI expected +0.8% y/y, Apr +1.0% y/y.
0500 ETEurozone Apr unemployment rate expected unch at 11.8%.
U.S. STOCK CALENDAR06/03/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Dollar General CorpDG USBef-mktQ1 2015 Earnings ReleaseQ1 20150.732
SEI Investments CoSEIC US8:30Investor MeetingY 2014
Cubist Pharmaceuticals IncCBST US8:30Annual General MeetingY 2014
MasterCard IncMA US8:30Annual General MeetingY 2014
Ford Motor CoF US9:30May 2014 Sales and Revenue Release2014
Ford Motor CoF US10:00May 2014 Sales and Revenue Call2014
Dollar General CorpDG US10:00Q1 2015 Earnings CallQ1 2015
Nabors Industries LtdNBR USAnnual General Meeting
Cognizant Technology Solutions CorpCTSH USAnnual General Meeting
IPG Photonics CorpIPGP USAnnual General MeetingY 2014
Fresh Market Inc/TheTFM USAnnual General Meeting