Access MidStream Partners - Barchart's Chart of the Day

Access MidStream Partners (ACMP) is the Barchart Chart of the Day.  The Mid-Stream Natural Gas stock has a Trend Spotter buy signal, a Weighted Alpha of 45.70+ and gained 45.39% in the last year.

The Chart of the Day is Access Mid-Stream Partners (ACMP).  I found the stock by sorting today's New High list for stocks with the most frequent new highs in the last month, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 4/8 the stock gained 12.79%.

ACMP is a midstream natural gas services provider with operations focused on owning, operating, developing and acquiring midstream energy assets in the United States. It provides gathering, processing, treating and compression services to producers under long-term, fixed-fee contracts. The Company primarily operates in the prolific Barnett Shale, Haynesville Shale, Marcellus Shale, and Mid-Continent areas.

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 10.69% in the last month
• Relative Strength Index 71.48%
• Barchart computes a technical support level at 63.04
• Recently traded at 65.33 with a 50 day moving average of 60.14

Fundamental factors:

• Market Cap $12.36 billion
• P/E 63.06
• Dividend yield 3.58%
• Revenue predicted to grow 21.80% this year and another 23.30% next year
• Earnings estimated to decrease by 12.40% this year but increase again by 21.60% next year and continue to increase annually at a 15.25% rate for the next 5 years
• Wall Street analysts issued 6 strong buy, 8 buy and 1 hold recommendation on the stocks

This is an income total return stock and include the dividend yield in your assumptions.

Adjustments to the Barchart Van Meerten Speculative portfolio

Today I deleted some positions in the Barchart Van Meerten Speculative portfolio because of negative or lack of positive momentum.

The stock deleted included Gravity Co (GRVY), Glowpoint (GLOW), Anworth Mortgage Assets (ANH), American Realty Investors (ARL), and Alliance Healthcare Services (AIQ):

Gravity Co (GRVY)

Barchart technical indicators:

• 88% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 30.93% off its recent high
• Relative Strength Index 40.50%

Glowpoint (GLOW)

Barchart technical indicators:

• 24% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 23.65% off its recent high
• Relative Strength Index 49.48%

Anworth Mortgage Assets (ANH)

Barchart technical indicators:

• 24% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 10.46% off its recent high
• Relative Strength Index 47.70%

American Realty Investors (ARL)

Barchart technical indicators:

• 64% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 43.22% off its recent high
• Relative Strength Index 32.58%

Alliance Healthcare Services (AIQ)

Barchart technical indicators:

• 48% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 18.02% below its recent high
• Relative Strength Index 44.54%

Canadian Pacific Railway - Barchart's Chart of the Day

Canadian Pacific Railway (CP) is the Barchart Chart of the Day.  The trans-continental railroad stock has a Trend spotter buy signal, a Weighted Alpha of 52.30+, and gained 48.07% in the last year.

The Chart of the Day is Canadian Pacific Railway (CP).  I found the stock by sorting today's New High List of 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 15.90%.

Canadian Pacific Railway is North America's first transcontinental railway and is the only transcontinental carrier with direct service to the U.S. Eastern Seaboard.

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
• 17 new highs and up 12.00% in the last month 
• Relative Strength Index 85.42%
• Barchart computes a technical support level at 178.00
• Recently traded at 181.76 with a 50 day moving average of 159.93

Fundamental factors:

• Market Cap $31.93 billion
• P/E 27.78
• Dividend yield .70%
• Revenue expected to grow 7.60% this year and another 7.40% next year
• Earnings estimated to increase 32.60% this year, an additional 23.40% next year and continue to compound at an annual rate of 30.40% for the next 5 years
• Wall Street analysts issued 7 strong buy, 8 buy, 10 hold and only 1 sell recommendation on the stock

Is it too late to get on board this one?  I don't think so but watch those moving averages and exit at the 100 day moving average.

Maiden Holdings sell signals

Today I put in a sell order in the Barchart Van Meerten New High portfolio for Maiden Holdings (MHLD) for negative price momentum:

Barchart technical indicators:

• 56% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 13.87% off its recent high
• Relative Strength Index below 50% at 40.37%

BARCHART MORNING CALL 6/12

BARCHART MORNING CALL

Thursday, June 12th, 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 +0.08%) this morning are up +0.03% and European stocks are unchanged after China's money supply and new loans grew more than expected last month, a sign of economic growth. European stocks also received a boost after Eurozone Apr industrial production rose at the fastest pace in 5 months. Another positive for stocks was the action by the Kiel Institute to raise its German 2014 GDP growth forecast to 2.0% from a 1.9% estimate in Mar. Asian stocks closed mostly lower: Japan -0.64%, Hong Kong -0.35%, China -0.34%, Taiwan -0.27%, Australia -0.46%, Singapore +0.09%, South Korea -0.23%, India +0.40%. Commodity prices are mostly higher. July crude oil (CLN14 +1.48%) is up +1.48% at an 8-3/4 month high on supply concerns after Islamist militants extended control over northern areas of Iraq, the second-largest producer in OPEC. Iraqi forces, backed by air power, are attempting to check the rapid advance of militants known as the Islamic State of Iraq and the Levant (ISIL) after the militants seized Mosul, the largest city in northern Iraq earlier this week. July gasoline (RBN14 +1.42%) is up +1.42% at a 1-1/2 month high. Aug gold (GCQ14 +0.35%) is up +0.38%. July copper (HGN14 +0.02%) is up +0.03%. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 unch) is down -0.01%. EUR/USD (^EURUSD) is down -0.03%. USD/JPY (^USDJPY) is unchanged. Sep T-note prices (ZNU14 -0.06%) are down -3.5 ticks.
China May new yuan loans were 870.8 billion yuan, more than expectations of 750.0 billion yuan. China M2 money supply, the broadest measure of money supply, rose +13.4% y/y, better than expectations of +13.1% y/y and the strongest pace of growth in 5 months.
Eurozone Apr industrial production rose +0.8% m/m, better than expectations of +0.5% m/m and the fastest pace in 5 months. On an annual basis Apr industrial production climbed +1.4% y/y, better than expectations of +0.9% y/y.
The German May wholesale price index fell -0.1% m/m and -0.9% y/y, the eleventh consecutive month that wholesale prices have declined on an annual basis.
Japan Apr machine orders fell -9.1% m/m and rose +17.6% y/y, better than expectations of -10.8% m/m and +13.3% y/y.

U.S. STOCK PREVIEW

Today’s weekly initial unemployment claims report is expected to show a small decline of -2,000 to 310,000, reversing part of last week’s increase of +8,000 to 312,000. Meanwhile, continuing claims are expected to show a small increase of +2,000 to 2.605 million following last week’s decline of -20,000 to 2.603 million. Today’s May retail sales report is expected to show a solid increase of +0.6% and +0.4% ex-autos. Strength in May retail sales would follow the pause that consumers took in April when retail sales rose by only +0.1% overall and were unchanged ex-autos. The Treasury today will sell $13 billion of 30-year T-bonds, concluding this week’s $62 billion coupon package.
None of the Russell 1000 companies report earnings today. Equity conferences during the remainder of this week include: Goldman Sachs Global Healthcare Conference on Tue-Thu, William Blair Growth Stock Conference on Tue-Thu, 2nd Annual Mexico Capital Projects & Infrastructure Summit on Wed-Thu, Morgan Stanley Leveraged Finance Conference on Wed-Thu, Drexel Hamilton Aerospace and Defense Conference on Thu, and Robert W. Baird & Co. Inc. Utility & Infrastructure Symposium on Thu.

OVERNIGHT U.S. STOCK MOVERS

Statoil (STO -0.75%) was downgraded to 'Hold' from 'Buy' at Deutsche Bank.
Argus kept a 'Buy' rating on Apache (APA +0.38%) and raised its price target on the stock to $118 from $103.
Lufthansa (DLAKY -14.25%) was downgraded to 'Hold' from 'Buy' at Jefferies.
Lululemon Athletica (LULU -2.59%) fell 7% in pre-market trading after the company lowered guidance on fiscal 2014 EPS to $1.71-$1.76 from $1.80-$1.90, below consensus of $1.89.
Hewlett-Packard (HPQ -1.07%) rose 1.2% in pre-market trading after Goldman Sachs upgraded the stock to 'Neutral' from 'Sell.'
Senator Investment Group reported a 5.5% passive stake in Peabody (BTU +0.37%) .
ImmunoGen (IMGN -1.30%) was upgraded to 'Neutral' from 'Sell' at UBS.
Vale (VALE -0.15%) was downgraded to 'Equal Weight' from 'Overweight' at Morgan Stanley.
Achillion (ACHN -6.42%) was upgraded to 'Buy' from 'Neutral' at UBS.
Restoration Hardware (RH +2.82%) jumped over 10% in after-hours trading after it reported Q1 adjusted EPS of 18 cents, well above consensus of 11 cents, and then raised guidance on fiscal 2014 EPS to $2.24-$2.30 from $2.14-$2.22, higher than consensus of $2.20.

MARKET COMMENTS

June E-mini S&Ps (ESM14 +0.08%) this morning are up +0.50 of a point (+0.03%). The S&P 500 index on Wednesday closed lower. Bearish factors included (1) global economic concerns that fueled long liquidation pressure in stocks after the World Bank lowered its 2014 global growth forecast to 2.8% from a Jan estimate of 3.2%, and (2) concern about increased gridlock in Washington D.C. after U.S. House Majority leader Cantor lost his primary election to a Tea Party-backed candidate in Virginia. Closes: S&P 500 -0.35%, Dow Jones -0.60%, Nasdaq -0.08%.
Sep 10-year T-notes (ZNU14 -0.06%) this morning are down -3.5 ticks. Sep 10-year T-note futures prices on Wednesday recovered from a 4-week low and closed higher on (1) increased safe-haven demand with the slide in stocks, and (2) the World Bank’s cut in its global 2014 economic growth forecast. Closes: TYU4 +2.00, FVU4 +2.25.
The dollar index (DXY00 unch) this morning is down -0.005 (-0.01%). EUR/USD (^EURUSD) is down -0.0004 (-0.03%). USD/JPY (^USDJPY) is unch. The dollar index on Wednesday closed lower. Bearish factors included (1) the World Bank’s cut in its U.S. 2014 GDP forecast to 2.1% from Jan’s estimate of 2.8%, and (2) strength in the yen as USD/JPY fell to a 1-week low on speculation the BOJ will refrain from expanding stimulus measures when it meets on Thursday. Closes: Dollar Index -0.032 (-0.04%), EUR/USD -0.0016 (-0.12%), USD/JPY -0.276 (-0.27%).
July WTI crude oil (CLN14 +1.48%) this morning is up +$1.54 a barrel (+0.148%) at an 8-3/4 month high. July gasoline (RBN14 +1.42%) is up +0.0425 (+1.42%) at a 1-1/2 month high. July crude and gasoline prices on Wednesday closed higher with July gasoline at a 1-1/2 week high. Bullish factors included (1) the -198,000 bbl slide in inventories at Cushing, OK, the delivery point for WTI futures, to a 5-1/2 yr low of 21.17 million bbl, and (2) the -2.596 bbl decline in EIA crude inventories to a 2-month low of 386.93 million bbl, more than expectations of -2.0 million bbl. Crude prices fell back from their best levels on demand concerns after U.S. fuel consumption in the week ended Jun 6 fell -3.0% w/w to 18.025 million bpd, the lowest in a year. Closes: CLN4 +0.05 (+0.05%) RBN4 +0.0275 (+0.92%).

GLOBAL EVENT CALENDAR06/12/2014

US	0830 ET	Weekly initial unemployment claims expected -2,000 to 310,000, previous +8,000 to 312,000. Weekly continuing claims expected +2,000 to 2.605 million, previous -20,000 to 2.603 million.
	0830 ET	May retail sales expected +0.6% and +0.4% ex autos, Apr +0.1% and unch ex autos.
	0830 ET	May import prices expected +0.2% m/m and +0.5% y/y, Apr -0.4% m/m and -0.3% y/y.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Apr business inventories expected +0.4%, Mar +0.4%.
	1100 ET	Treasury announces amount of 30-year TIPS to be auctioned Jun 19.
	1300 ET	Treasury auctions $13 billion 30-year T-bonds.
GER	0200 ET	German May wholesale price index, Apr +0.2% m/m and -1.3% y/y.
EUR	0400 ET	ECB publishes monthly report.
	0500 ET	Eurozone Apr industrial production expected +0.5% m/m and +0.9% y/y, Mar -0.3% m/m and -0.1% y/y.

U.S. STOCK CALENDAR06/12/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Lands' End Inc	LE US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015
WW Grainger Inc	GWW US	8:00	May 2014 Sales and Revenue Call	2014
WW Grainger Inc	GWW US	8:00	May 2014 Sales and Revenue Release	2014
CONSOL Energy Inc	CNX US	8:00	Analyst Day	Y 2014
Hanover Insurance Group Inc/The	THG US	8:30	Investor Meeting	Y 2014
Biogen Idec Inc	BIIB US	9:00	Annual General Meeting	Y 2014
Omega Healthcare Investors Inc	OHI US	10:00	Annual General Meeting	Y 2014
Visteon Corp	VC US	11:00	Annual General Meeting	Y 2014
Equity Residential	EQR US	14:00	Annual General Meeting	Y 2014
CR Bard Inc	BCR US		FDA Adcomm, Lutonix 035 Drug Coated Balloon (PTA) Catheter
Alliant Energy Corp	LNT US		Roadshow-Day 3	Y 2014
Jarden Corp	JAH US		Annual General Meeting
United Parcel Service Inc	UPS US		Roadshow - Paris	Y 2014
Penn National Gaming Inc	PENN US		Annual General Meeting
Gulfport Energy Corp	GPOR US		Annual General Meeting
TripAdvisor Inc	TRIP US		Annual General Meeting

Alpha and Omea Semiconductor - Barchart's Chart of the Day

Alpha and Omega Semiconductor (AOSL) is the Barchart chart of the Day.  The semiconductor stock as a Trend Spotter buy signal, a Weighted Alpha of 22.60+ and gained 10.89% in the last year.  Rebounding after a slow start.

The Chart of the Day is Alpha and Omega Semiconductor (AOSL).  I found the stock by sorting the New High list for new high frequency in the last month, then used the Flipchhart feature to find the chart I really liked.  Since the Trend Spotter signaled a buy on 5/12 the stock gained 17.35%.

AOSL is engaged in designing, developing and supplying a broad range of power semiconductors globally, including a portfolio of Power MOSFET and Power IC products. The Company seeks to differentiate itself by integrating its expertise in device physics, process technology, design and advanced packaging to optimize product performance and cost. Its portfolio of products targets high-volume end-market applications, such as notebooks, netbooks, flat panel displays, mobile phone battery packs, set-top boxes, portable media players and power supplies. The products are incorporated into devices by original equipment manufacturers, or OEMs. The Company utilizes third-party foundries for all of its wafer fabrication and it deploys and implements its proprietary MOSFET processes at these third party foundries. The Company relies upon its in-house capacity and an associated provider for most of its packaging and testing requirements.

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 signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 20.87% in the last month
• Relative Strength Index 80.40%
• Barchart computes a technical support level at 8.71
• Recently traded at 8.86 with a 50 day moving average of 7.63

Fundamental factors:

• Market Cap $230.27 million
• Wall Street analysts issued 1 strong by and 1 hold but didn't share predictions
• On Motley Fool individual investors voted 63 to 2 for the stock to beat the market
• The more experienced All Stars voted 10 to 1 for the same result

Not a lot of info about why the price momentum is good except this article in Zacks: Tale of the Tape

Play as a purely technical stock.

This Month's Hottest Mid Caps

Normally my title would be TODAY'S Hottest Mid Caps but Mid Caps are having a little softness lately.  I used Barchart to sort the S&P 400 Mid Cap Index stocks to find the stocks having the most frequent new highs in the last month, then used the Flipchart feature to review the charts.

Today's list includes Biomed Realty Trust (BMR), VCA Antech (WOOF), UGI Corp (UGI), JetBlue Airways (JBLU) and Fortinet (FTNT):

  Biomed Realty Trust (BMR)

Barchart technical indicators:

• 72% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 5.81% in the last month
• Relative strength Index 66.46%
• Barchart computes a technical support level at 21.91
• Recently traded at 21.97 with a 50 day moving average of 21.04

VCA Antech (WOOF)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 18.98% in the last month
• Relative Strength Index 73.15%
• Barchart computes  a technical support level at 34.91
• Recently traded at 35.72 with a 50 day moving average of 31.81

UGI Corp (UGI)

Barchart technical indicators:

• 56% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 4.11% in the last month
• Relative Strength Index 57.41%
• Barchart computes a technical support level at 48.50
• Recently traded at 48.45 with a 50 day moving average of 47.00

JetBlue Airways (JBLU)

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 23.70% in the last month
• Relative Strength Index 74.27%
• Barchart computes a technical support level at 10.18
• Recently traded at 10.42 with a 50 day moving average of 8.92

Fortinet (FTNT)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 16.50% in the last month
• Relative Strength Index 70.48%
• Barchart computes a technical support level at 22.20
• Recently traded at 23.68 with a 50 day moving average of 21.90

BARCHART MORNING CALL 6/11

BARCHART MORNING CALL

Wednesday, June 11th, 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 -0.47%) this morning are down -0.40% and European stocks are down -0.64% after the World Bank cut its global 2014 GDP forecast to 2.8% from a Jan estimate of 3.2%. Also undercutting European stocks was a 4% drop in Airbus after Emirates airlines canceled a deal for $16 billion of A350 planes, the biggest-ever order cancelation. In addition, Lufthansa tumbled 14% after it lowered its earnings forecasts for this year and next. Asian stocks closed mostly lower: Japan +0.50%, Hong Kong -0.25%, China -0.02%, Taiwan +0.08%, Australia -0.29%, Singapore -0.11%, South Korea -0.01%, India -0.43%. Commodity prices are mixed. July crude oil (CLN14 +0.16%) is up +0.15% after Saudi Oil Minister Ali al-Naimi, speaking before OPEC's meeting in Vienna today, said that crude supply, demand and prices are good. July gasoline (RBN14 +0.67%) is up +0.43%. Aug gold (GCQ14 +0.25%) is up +0.18% at a 2-week high. July copper (HGN14 -0.41%) is down -0.44%. Agriculture and livestock prices are mixed ahead of the Jun WASDE crop production report later today. The dollar index (DXY00 -0.16%) is down -0.04%. EUR/USD (^EURUSD) is down -0.10%. USD/JPY (^USDJPY) is down -0.30% at a 1-week low. Sep T-note prices (ZNU14 +0.06%) are down -1.5 ticks.
The World Bank cut its 2014 global growth forecast to 2.8% from a Jan estimate of 3.2%. It also lowered its U.S. 2014 GDP forecast to 2.1% from a Jan estimate of 2.8% and cut its China 2014 GDP estimate to 7.6% from 7.7% estimated in Jan.
UK May jobless claims fell -37,400, more than expectations of -25,000, and Apr was revised to show a -28,400 decrease, more than the originally reported -25,100. The May claimant count rate fell -0.1 to 3.2%, right on expectations and the lowest in 5-1/2 years.
The UK Apr unemployment rate fell -0.2 to 6.6% for the 3-months ended Apr, a bigger decline than expectations of -0.1 to 6.7% and the lowest in 4-1/3 years.
The UK Apr average weekly earnings 3-month avg was +0.7% y/y, less than expectations of +1.2% y/y and the smallest increase in 13 months. UK Apr average weekly earnings ex-bonus 3-month avg rose +0.9% y/y, less than expectations of +1.2% y/y and the smallest increase in 6 months.
The Japan Q2 BSI large all industry business conditions tumbled to -14.6 from 12.7 in Q1. The Q2 BSI large manufacturing business conditions fell to -13.9 from 12.5 in Q1. Both fell to 3-year lows.
Japan May domestic CGPI rose +0.3% m/m and +4.4% y/y, more than expectations of +0.1% m/m and +4.1% y/y, with the +4.4% y/y gain the largest annual increase in 5-1/2 years.

U.S. STOCK PREVIEW

The Treasury today will sell $21 billion of 10-year T-notes. There is one of the Russell 1000 companies that report earnings today: H&R Block (consensus $3.23). Equity conferences during the remainder of this week include: Morgan Stanley Financials Conference on Tue-Wed, Piper Jaffray Consumer Conference on Tue-Wed, Goldman Sachs Global Healthcare Conference on Tue-Thu, William Blair Growth Stock Conference on Tue-Thu, Credit Suisse Future of Payments & Commerce Conference on Wed, Goldman Sachs North American Energy Summit on Wed, Mexico Capital Projects & Infrastructure Summit on Wed, 2nd Annual Mexico Capital Projects & Infrastructure Summit on Wed-Thu, Morgan Stanley Leveraged Finance Conference on Wed-Thu, Drexel Hamilton Aerospace and Defense Conference on Thu, and Robert W. Baird & Co. Inc. Utility & Infrastructure Symposium on Thu.

OVERNIGHT U.S. STOCK MOVERS

B. Riley kept its 'Sell' rating on Radio Shack (RSH -10.39%) and cut its price target on the stock to $0, saying a turnaround at RadioShack is unlikely given its balance sheet and limited cost cutting opportunities.
Stryker (SYK -0.47%) was upgraded to 'Buy' from 'Hold' at Argus.
Marvell (MRVL -0.07%) was upgraded to 'Buy' from 'Neutral' at Nomura.
Reynolds American (RAI -0.29%) was upgraded to 'Buy' from 'Neutral' at BofA/Merrill with a price target of $65.
Molson Coors (TAP +5.36%) was upgraded to 'Buy' from 'Underperform' at BofA/Merrill with a price target of $80.
Tiger Global Investments reported an 8% passive stake in Restoration Hardware (RH -0.94%) .
Covidien (COV -0.21%) announced U.S. FDA approval of its Apollo Onyx delivery micro catheter; the first detachable tip micro catheter available in the U.S.
Third Avenue reported a 16.36% passive stake in Spanish Broadcasting (SBSA +1.71%) .
Baker Bros. Advisors reported a 10.8% passive stake in Avanir (AVNR +2.43%) .
Sooner Holdings reported a 8.3% passive stake in Renewable Energy (REGI -0.38%) .
Ulta Salon (ULTA -0.12%) rose over 5% in after-hours trading after it reported Q1 EPS of 77 cents, better than consensus of 74 cents.
United Natural Foods (UNFI -0.85%) reported Q3 EPS of 73 cents, right on consensus.

MARKET COMMENTS

June E-mini S&Ps (ESM14 -0.47%) this morning are down -7.75 points (-0.40%). The S&P 500 index on Tuesday settled mixed as profit-taking set in after the S&P 500 rose +7.8% in the past 2 months up to Monday’s all-time high. Losses in stocks were contained on optimism that Chinese economic growth can be sustained after the PBOC announced a -0.5 point cut in reserve requirements for some banks in a policy move aimed at supporting smaller companies and agriculture. Closes: S&P 500 -0.02%, Dow Jones +0.02%, Nasdaq +0.13%.
Sep 10-year T-notes (ZNU14 +0.06%) this morning are down -1.5 ticks. Sep 10-year T-note futures prices on Tuesday dropped to a 4-week low and closed lower. Bearish factors for T-notes included (1) supply pressures as the Treasury auctions $62 billion of T-notes this week, and (2) reduced safe-haven demand after stocks erased early losses and settled little changed. Closes: TYU4 -5.50, FVU4 -3.75.
The dollar index (DXY00 -0.16%) this morning is down -0.030 (-0.04%). EUR/USD (^EURUSD) is down -0.0014 (-0.10%). USD/JPY (^USDJPY) is down -0.31 (-0.30%). The dollar index on Tuesday closed higher. Supportive factors included (1) early weakness in stocks which boosted the safe-haven demand for the dollar, and (2) speculation that divergent monetary policies among global central banks will boost the dollar’s interest rate differentials versus the euro and yen as the Fed continues to taper QE3 while the BOJ and ECB expand their monetary stimulus measures. Closes: Dollar Index +0.167 (+0.21%), EUR/USD -0.00462 (-0.34%), USD/JPY -0.176 (-0.17%).
July WTI crude oil (CLN14 +0.16%) this morning is up +16 cents (+0.15%). July gasoline (RBN14 +0.67%) is up +0.0127 (+0.43%). July crude and gasoline prices on Tuesday closed lower. July crude posted a 3-1/4 month high on expectations that Wednesday’s weekly EIA inventory data will show crude stockpiles fell -1.5 million bbl. Prices fell back, however, and closed lower on bearish factors that included (1) a stronger dollar, and (2) reduced geopolitical concerns on the prospects for a cease-fire to be implemented in eastern Ukraine as peace talks continue between Russia and Ukraine. Closes: CLN4 -0.06 (-0.06%) RBN4 -0.0103 (-0.35%).

GLOBAL EVENT CALENDAR06/11/2014

US	0700 ET	Weekly MBA mortgage applications, previous -3.1% with purchase sub-index -3.6% and refi sub-index -2.9%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1200 ET	Jun WASDE crop production report.
	1300 ET	Treasury auctions $21 billion 10-year T-notes.
	1400 ET	May monthly budget statement expected -$142.500 billion, Apr +$106.853 billion.
UK	0430 ET	UK May jobless claims change expected -25,000, Apr -25,100. May claimant count rate expected -0.1 to 3.2%.
	0430 ET	UK Apr avg weekly earnings expected +1.2% 3-mo avg y/y, Mar +1.7% 3-mo avg y/y. Apr weekly earnings ex-bonus expected +1.2% 3-mo avg y/y, Mar +1.3% 3-mo avg y/y.
	0430 ET	UK Apr ILO unemployment rate expected -0.1 to 6.7% 3-months through Apr.
	1901 ET	UK May RICS house price balance expected 52%, Apr 54%.
JPN	1950 ET	Japan Apr machine orders expected -10.8% m/m and +13.3% y/y, Mar +19.1% m/m and +16.1% y/y.

U.S. STOCK CALENDAR06/11/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
H&R Block Inc	HRB US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	3.233
Rayonier Inc	RYN US	7:00	Business Update Call
H&R Block Inc	HRB US	8:30	Q4 2014 Earnings Call	Q4 2014
Caterpillar Inc	CAT US	9:00	Annual General Meeting	Y 2014
Triumph Group Inc	TGI US	9:00	Investor Day	Y 2014
Allegion PLC	ALLE US	9:30	Annual General Meeting
Teekay Corp	TK US	11:00	Annual General Meeting	Y 2013
SeaWorld Entertainment Inc	SEAS US	11:00	Annual General Meeting
Knowles Corp	KN US	11:00	Management Conference Call
NetSuite Inc	N US	11:30	Annual General Meeting	Y 2014
FireEye Inc	FEYE US	13:00	Annual General Meeting
Dick's Sporting Goods Inc	DKS US	13:30	Annual General Meeting	Y 2014
Target Corp	TGT US	14:30	Annual General Meeting	Y 2014
Progressive Corp/The	PGR US		May 2014 Sales and Revenue Release	2014
Alliant Energy Corp	LNT US		Roadshow-Day 2	Y 2014
United Parcel Service Inc	UPS US		Roadshow - Geneva	Y 2014
DreamWorks Animation SKG Inc	DWA US		Annual General Meeting
United Continental Holdings Inc	UAL US		Annual General Meeting
Zynga Inc	ZNGA US		Annual General Meeting

Apple - Barchart's Chart of the Day

Apple (AAPL) is the Barchart Chart of the Day.  The stock has a Trend Spotter buy signal, a Weighted Alpha of 57.49+ and gained 50.24% in the last year.

The Chart of the Day is Apple (AAPL).  I found the stock by sorting the New High list for frequency in the last month, then used the Flipchart feature to find the chart I liked.  Since the Trend Spotter signaled a buy on 4/24 the stock gained 16.14%.

AAPL is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.

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 12.61% in the last month
• Relative Strength Index 81.14%
• Barchart computes a technical support level at 90.98
• Recently traded at 94.13 with a 50 day moving average of 83.10

Fundamental factors:

• Market Cap $84.03 billion
• P/E 15.43
• Dividend yield 2.04%
• Revenue expected to grow 6.30% this year and another 6.70% next year
• Earnings estimated to increase 11.10% this year, an additional 8.70% next year and continue to compound at an annual rate of 15.19% for the next 5 years
• Wall Street analysts issued 15 strong buy, 25 buy, 13 hold and 1 each of under perform and sell

Over on Motley Fool the vote by individual investors for AAPL to beat the market is 28,589 to 2,2294.  The more experienced All Stars voted 5,821 to 184 for the same result.  Fool lumps analysts and columnists into one category  and they voted 66 to 4 for the same result.

When every body's right, then every body's wrong.  Apple is very volatile but normally trends up.  AAPL will make money; the question is how much?  This is a good stock to play the trends and you can make a good chunk of change playing the 100 day moving average on this one.

Today's Hot Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index to find the stock with the best momentum, technical indicators and charts.  First I sorted the Index for the most frequent new highs in the last month, then used the Flipchart feature to review the charts.

Today's list includes US Bancorp (USB), Lam Research (LRCX), Southwest Airlines (LUV), Netflix (NFLX) and Apple (AAPL):

US Bancorp (USB)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 7.94% in the last month
• Relative Strength Index 80.63%
• Barchart computes a technical support level at 42.54
• Recently traded at 43.52 with a 50 day moving average of 41.32

Lam Research (LRCX)

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 13.75% in the last month
• Relative Strength Index 77.92%
• Barchart computes a technical support level at 64.46
• Recently traded at 65.04 with a 50 day moving average of 57.53

Southwest Airlines (LUV)

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 12.68% in the last month
• Relative Strength Index 78.75%
• Barchart computes a technical support level at 26.99
• Recently traded at 27.45 with a 50 day moving average of 24.66

Netflix (NFLX)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 15 new highs and up 28.77% in the last month
• Relative Strength Index 68.75%
• Barchart computes a technical support level at 414.05
• Recently traded at 423.09 with a 50 day moving average of 360.39

Apple (AAPL)

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 12.02% in the last month
• Relative Strength Index 80.20%
• Barchart computes a technical support level at 90.98
• Recently traded at 93.70 with a 50 day moving average of 82.75

BARCHART MORNING CALL 6/10

BARCHART MORNING CALL

Tuesday, June 10th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM14 -0.23%) this morning are down -0.17% as they fall back from Monday's record high, although European stocks are up +0.25% at a 5-3/4 year high after UK industrial production rose at its fastest annual pace in over 3 years. Asian stocks closed mixed: Japan -0.85%, Hong Kong +0.86%, China +1.26%, Taiwan +0.65%, Australia +0.10%, Singapore -0.34%, South Korea +1.14%, India +0.01%. Chinese stocks rallied as the Shanghai Stock Index climbed to its best level in a week after the PBOC announced a -0.5 point cut in reserve requirements for some banks in a policy move aimed at supporting smaller companies and agriculture. Commodity prices are mixed. July crude oil (CLN14 +0.34%) is up +0.35% at a 3-week high on expectations that Wednesday's weekly EIA inventory data will show crude stockpiles fell -1.5 million bbl. July gasoline (RBN14 +0.16%) is up +0.14%. Aug gold (GCQ14 +0.09%) is down -0.08%. July copper (HGN14 -0.31%) is down -0.51%. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 +0.17%) is up +0.20%. EUR/USD (^EURUSD)is down -0.38%. USD/JPY (^USDJPY) is down -0.20%. Sep T-note prices (ZNU14 -0.08%) are down -2 ticks.
The People's Bank of China (PBOC) announced that effective Jun 16, it will cut the reserve requirement by -0.5 of a percentage point for two-thirds of city commercial banks, 80% of non-county level rural commercial banks and 90% on non-county rural cooperative banks in a policy move aimed at supporting smaller companies and agriculture.
China May CPI rose +2.5% y/y, more than expectations of +2.4% y/y. May PPI fell -1.4% y/y, less than expectations of -1.5% y/y.
UK Apr industrial production rose +0.4% m/m and +3.0% y/y, better than expectations of +0.4% m/m and +2.8% y/y with the +3.0% y/y increase the largest annual gain in 3-1/4 years.
UK Apr manufacturing production rose +0.4% m/m and +4.4% y/y, stronger than expectations of +0.4% m/m and +4.0% y/y with the +4.4% y/y increase the largest annual gain in 3-1/4 years.
The UK May BRC like-for-like retail sales monitor rose +0.5% y/y, less than expectations of +1.6% y/y.
The Japan Apr tertiary industry activity index fell -5.4% m/m, a bigger decline than expectations of -3.4% m/m and matched the Apr 2011 drop as the largest decline in 17 years.

U.S. STOCK PREVIEW

The Treasury today will sell $28 billion of 3-year T-notes. There are three of the Russell 1000 companies that report earnings today: Science Applications (consensus $0.67), HD Supply Holdings (0.17), Ulta Salon (0.74).
Equity conferences during the remainder of this week include: Goldman Sachs European Financials Conference on Tue, Harbor's Aluminum Outlook Summit on Tue, Morgan Stanley Financials Conference on Tue-Wed, Piper Jaffray Consumer Conference on Tue-Wed, Goldman Sachs Global Healthcare Conference on Tue-Thu, William Blair Growth Stock Conference on Tue-Thu, Credit Suisse Future of Payments & Commerce Conference on Wed, Goldman Sachs North American Energy Summit on Wed, Mexico Capital Projects & Infrastructure Summit on Wed, 2nd Annual Mexico Capital Projects & Infrastructure Summit on Wed-Thu, Morgan Stanley Leveraged Finance Conference on Wed-Thu, Drexel Hamilton Aerospace and Defense Conference on Thu, and Robert W. Baird & Co. Inc. Utility & Infrastructure Symposium on Thu.

OVERNIGHT U.S. STOCK MOVERS

Tyson Foods (TSN -6.53%) was downgraded to 'Underperform' from 'Neutral' at Credit Suisse.
SAIC (SAIC -1.22%) reported Q1 EPS of 69 cents, higher than consensus of 66 cents.
Colgate-Palmolive (CL +0.62%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital.
Twitter (TWTR +3.42%) was upgraded to 'Market Perform' from 'Underperform' at Wells Fargo.
ConocoPhillips (COP +0.01%) was initiated with a 'Buy' at Deutsche Bank with a price target of $94.
Union Pacific (UNP -49.40%) was upgraded to 'Outperform' from 'Sector Perform' at RBC Capital.
Urban Outfitters (URBN +0.81%) said Q2 comparative sales to date are 'approximately flat.'
HD Supply (HDS +0.84%) reported Q1 adjusted EPS of 20 cents, better than consensus of 18 cents.
Las Vegas Sands (LVS -2.16%) was downgraded to 'Neutral' from 'Buy' at UBS.
Netflix (NFLX -1.64%) was upgraded to 'Overweight' from 'Equal Weight' at Evercore.
Chico’s FAS (CHS -0.19%) jumped over 10% in after-hours trading after the Financial Times reported that the company is considering a sale to PE firms and going private.
eBay (EBAY -0.24%) fell 2% in after-hours trading after it announced that PayPal President David Marcus is leaving the company on June 27 to lead Facebook’s (FB +0.61%) messaging products.
Pep Boys ({=PBY reported Q1 EPS of 3 cents, well below consensus of 6 cents.
BlackRock reported a 11.3% passive stake in Washington Prime Group (WPG -0.05%) and a 10.1% passive stake in Quotient (QTNT +1.86%) .
PL Capital reported a 7.1% stake in Banc of California (BANC +1.15%) .
According to Reuters, International Game Technology (IGT +14.39%) hired Morgan Stanley to explore a sale and has attracted interest from rival gaming companies as well as private equity firms.
Casey's General Stores (CASY +3.34%) reported Q4 EPS of 59 cents, better than consensus of 53 cents.

MARKET COMMENTS

June E-mini S&Ps (ESM14 -0.23%) this morning are down -3.25 points (-0.17%). The S&P 500 index on Monday climbed to yet another new record high and closed higher. Bullish factors included (1) reduced Chinese economic concerns after China May exports rose +7.0% y/y, better than expectations of +6.7% y/y, and (2) increased M&A activity after Merck agreed to buy Idenix Pharmaceuticals for $3.9 billion, Analog Devices bought Hittite Microwave for $2 billion, and Tyson Foods made a binding offer to buy Hillshire Brands for $7.7 billion. Closes: S&P 500 +0.09%, Dow Jones +0.11%, Nasdaq +0.03%.
Sep 10-year T-notes (ZNU14 -0.08%) this morning are down -2 ticks. Sep 10-year T-note futures prices on Monday closed lower. Bearish factors for T-notes included (1) supply pressures as the Treasury auctions $62 billion of T-notes this week starting with Tuesday’s $28 billion auction of 3-year T-notes, and (2) reduced safe-haven demand after the S&P 500 climbed to a new record high. Closes: TYU4 -5.50, FVU4 -5.50.
The dollar index (DXY00 +0.17%) this morning is up +0.158 (+0.20%). EUR/USD (^EURUSD) is down -0.0051 (-0.38%). USD/JPY (^USDJPY) is down -0.20 (-0.20%). The dollar index on Monday closed higher. Supportive factors included (1) weakness in EUR/USD after Eurozone Jun Sentix investor confidence unexpectedly fell -4.3 to a 6-month low of 8.5, and (2) speculation that divergent monetary policies among global central banks will boost the dollar’s interest rate differentials versus the euro and yen as the Fed continues to taper QE3 while the BOJ and ECB expand their monetary stimulus measures. Closes: Dollar Index +0.244 (+0.30%), EUR/USD -0.00488 (-0.36%), USD/JPY +0.038 (+0.04%).
July WTI crude oil (CLN14 +0.34%) this morning is up +37 cents (+0.35%) at a 3-week high. July gasoline (RBN14 +0.16%) is up +0.0041 (+0.14%). July crude and gasoline prices on Monday climbed to 1-week highs and closed higher. Bullish factors included (1) signs of strength in the global economy after China May exports rose more than expected, and (2) the rally in the S&P 500 to another record high, which bolsters confidence in the economic outlook and energy demand. Closes: CLN4 +1.75 (+1.70%) RBN4 +0.0458 (+1.56%).

GLOBAL EVENT CALENDAR06/10/2014

US	1000 ET	Apr wholesale inventories expected +0.6% m/m, Mar +1.1% m/m. Apr wholesale sales expected +0.9%, Mar +1.4% m/m.
	1300 ET	Treasury auctions $28 billion 3-year T-notes.
JPN	0200 ET	Japan May machine tool orders, Apr +48.7% y/y.
	1950 ET	Japan Q2 BSI large all industry business conditions, Q1 12.7. Q2 BSI large manufacturing business condition, Q1 12.5.
	1950 ET	Japan May domestic CGPI expected +0.1% m/m and +4.1% y/y, Apr +2.8% m/m and +4.1% y/y.
UK	0430 ET	UK Apr industrial production expected +0.4% m/m and +2.8% y/y, Mar -0.1% m/m and +2.3% y/y.
	0430 ET	UK Apr manufacturing production expected +0.4% m/m and +4.0% y/y, Mar +0.5% m/m and +3.3% y/y.

U.S. STOCK CALENDAR06/10/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Science Applications International Corp	SAIC US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	0.665
HD Supply Holdings Inc	HDS US	6:00	Q1 2015 Earnings Release	Q1 2015	0.173
HD Supply Holdings Inc	HDS US	8:00	Q1 2015 Earnings Call	Q1 2015
Science Applications International Corp	SAIC US	8:00	Q1 2015 Earnings Call	Q1 2015
Covanta Holding Corp	CVA US	8:30	Business Update Call
TD Ameritrade Holding Corp	AMTD US	8:30	May 2014 Sales and Revenue Release	2014
MetLife Inc	MET US	8:45	Investor Conference-New York	Y 2014
Aaron's Inc	AAN US	9:00	Annual General Meeting	Y 2014
3D Systems Corp	DDD US	9:00	Investor and Analyst Meeting	Y 2014
General Motors Co	GM US	9:30	Annual General Meeting	Y 2014
White Mountains Insurance Group Ltd	WTM US	10:00	Investor Meeting	Y 2014
Best Buy Co Inc	BBY US	10:30	Annual General Meeting	Y 2014
Essex Property Trust Inc	ESS US	16:00	Annual General Meeting	Y 2014
Ulta Salon Cosmetics & Fragrance Inc	ULTA US	17:00	Q1 2015 Earnings Call	Q1 2015
Ulta Salon Cosmetics & Fragrance Inc	ULTA US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	0.741
Autodesk Inc	ADSK US	17:30	Annual General Meeting	Y 2014
TJX Cos Inc/The	TJX US		Annual General Meeting
Alliant Energy Corp	LNT US		Roadshow-Day 1	Y 2014
United Parcel Service Inc	UPS US		Roadshow - Zurich	Y 2014
Hospitality Properties Trust	HPT US		Annual General Meeting
AMC Networks Inc	AMCX US		Annual General Meeting
Endo International PLC	ENDP US		Annual General Meeting
LinkedIn Corp	LNKD US		Annual General Meeting
KAR Auction Services Inc	KAR US		Annual General Meeting
Splunk Inc	SPLK US		Annual General Meeting
Pinnacle Foods Inc	PF US		Annual General Meeting