United States Steel - Barchart's Chart of the Day

United States Steel (X) is the Barchart Chart of the Day.  The steel producer has a Trend Spotter buy signal, a Weighted Alpha of 97.80+ and gained 92.48% in the last year.

The Chart of the Day belongs to United States Steel (X).  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 review the charts.  Since the Trend Spotter signaled a buy on 7/23 the stock gained 27.12%.

United States Steel manufactures and sells a variety of steel mill products, coke and taconite pellets. Primary steel operations are the Gary (Indiana) Works, the Fairfield (Alabama) Works near Birmingham, the Mon Valley Works ( which includes the Edgar Thomson steel making and Irvin finishing operations) on the Monongahela River near Pittsburgh, and U. S. Steel Kosice in the Slovak Republic.

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 40.01% in the last month
• Relative Strength Index 82.04%
• Barchart computes a technical support level at 35.50
• Recently traded at 36.38 with a 50 day moving average of 28.41

Fundamental factors:

• Market Cap $5.26 billion
• P/E 56.42
• Dividend yield .55%
• Revenue expected to grow 3.20% this year and another 2.50% next year
• Earnings estimated to increase 275.70% this year, an additional 23.10% next year and continue to increase at an annual rate of 6.50% for the next 5 years
• Wall Street analysts are all over the chart with 1 strong buy, 6 buy, 7 hold, 2 under perform and 3 sell recommendations

I'd ride the tide and if the stock drops below the 50 day moving average place a stop loss at the 100 day moving average

Linkedin Turnaround

Linkedin (LNKD) is the Barchart Chart of the Day.  The online professional networking stock only has a Weighted Alpha of 5.00+ and lost 7.60% in the last year but has turned around recently and has a Trend Spotter buy signal and gained over 50% in the last quarter.

The Chart of the Day, Linkedin (LNKD) is a turnaround situation.  I found the stock by sorting today's New High list for new high frequency in the last month then used the Flipcahrt feature to review the charts.  Since the Trend Spotter signaled a buy on 7/23 the stock gained 27.13%.

LNKD is an online professional network which allows members to create, manage, and share their professional identity online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. Its platform also provides members with applications and tools to search, connect, and communicate with business contacts, learn about career opportunities, join industry groups, research organizations, and share information. LinkedIn also offers services like hiring solutions, marketing solutions and other services.

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 36.73% in the last month
• Relative Strength Index 81.93%
• Barchart computes a technical support level at 213.45
• Recently traded at 218.36 with a 50 day moving average of 175.06

Fundamental factors:

• Market Cap $26.59 billion
• Revenue expected to grow 42.40 this year and another 33.40% next year
• Earnings estimated to increase by 16.10% this year, an additional 47.10% next year and continue to increase at an annual rate of 37.73% for the next 5 years
• Wall Street analysts issued 6 strong buy, 18 buy and 12 hold recommendations on the stock

All tech stock investors should used strict technical analysis.  Note caution at the 50 day moving average and bail at the 100 day moving average.

//BARCHART MORNING CALL 8/14

BARCHART MORNING CALL

Thursday, August 14th, 2014View Older Reports

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

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

OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU14 +0.10%) this morning are up +0.12% and European stocks are up +0.37% after ThyssenKrupp AG, Germany's largest steelmaker, reported better-than-expected quarterly earnings. European stocks shook off weaker-than-expected Q2 GDP reports from Germany and France which left Eurozone economic growth stagnating in Q2. The yield on the 10-year German bund fell to a record low 0.998% on speculation that the weaker-than-expected Eurozone Q2 GDP will prod the ECB into expanding stimulus. Asian stocks closed mixed: Japan +0.66%, Hong Kong -0.36%, China -0.97%, Taiwan -0.01%, Australia +0.61%, Singapore -0.20%, South Korea -0.01%, India +0.71%. Commodity prices are mostly lower. Sep crude oil (CLU14 -0.11%) is down -0.09%. Sep gasoline (RBU14 -0.51%) is down -0.38%. Dec gold (GCZ14 -0.25%) is down -0.17%. Sep copper (HGU14 -0.08%) is down -0.10% at a 1-3/4 month low as stagnation in the Eurozone economy fuels copper demand concerns. Agriculture and livestock prices are mostly lower with Oct hogs down -1.85% at a 4-3/4 month low. The dollar index (DXY00 -0.06%) is down -0.06%. EUR/USD (^EURUSD) is up +0.08%. USD/JPY (^USDJPY) is up +0.03%. Sep T-note prices (ZNU14 +0.02%) are unchanged.
Eurozone Q2 GDP was unchanged q/q and up +0.7% y/y, slightly less than expectations of +0.1% q/q and +0.7% y/y.
Eurozone Jul CPI fell -0.7% m/m, a bigger decline than expectations of -0.6% m/m, while the annual Jul CPI was left unrevised at +0.4% y/y. The Jul core CPI was also left unrevised at +0.8% y/y.
German Q2 GDP fell -0.2% q/q and rose +0.8% y/y (nsa), weaker than expectations of -0.1% q/q and +1.3% y/y (nsa).
Japan Jun machine orders rose +8.8% m/m and fell -3.0% y/y, weaker than expectations of +15.3% m/m and +3.0% y/y.
The Bank of Korea (BOK) unexpectedly cut its seven-day repurchase rate by 25 bp to 2.25% and BOK Governor Lee said the cut was aimed at preventing weak sentiment from harming growth and was possible because pressure from inflation isn't high. The BOK last month had lowered its South Korea 2014 GDP estimate to 3.8% from 4.0% due to weaker-than-expected domestic demand.

U.S. STOCK PREVIEW

Today’s weekly initial unemployment claims report is expected to show an increase of +6,000 to 295,000, reversing part of last week’s decline of -14,000 to 289,000. Meanwhile, continuing claims are expected to show a decline of -11,000 to 2.507 million, adding to last week’s decline of -24,000 to 2.518 million. The unemployment claims series are both in good shape and are showing a slow improvement in the layoff picture. Today’s July import price index is expected to weaken to -0.4% m/m and +0.8% y/y from the June report of +0.1% m/m and +1.2% y/y. The Treasury today will sell $16 billion of 30-year T-bonds, concluding this week’s $67 billion refunding operation.
There are 7 of the S&P 500 companies that report earnings today: Wal-Mart (consensus $1.21), Kohl's (1.07), Perrigo (1.55), Agilent (0.74), Applied Materials (0.27), Autodesk (0.29), Nordstrom (0.95). Equity conferences during the remainder of this week include: Jefferies Global Industrials Conference on Mon-Thu, Canaccord Genuity Growth Conference on Wed-Thu, and Barclays Summer Utilities Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Kohl's (KSS -1.47%) reported Q2 EPS of $1.13, better than consensus of $1.07.
Wal-Mart (WMT -0.26%) reported Q2 EPS of $1.21, right on expectations, but then lowered guidance on fiscal 2015 EPS view to $4.90-$5.15 from $5.10-$5.45, at the lower end of consensus of $5.15.
Dresser-Rand (DRC -0.09%) was upgraded to 'Buy' from 'Neutral' at Guggenheim.
Molson Coors (TAP +0.42%) was initiated with an 'Outperform' at Credit Suisse with a price target of $84.
Freeport McMoRan (FCX -1.33%) was downgraded to 'Hold' from 'Buy' at Stifel.
Progressive (PGR +1.68%) was upgraded to 'Buy' from 'Neutral' at Citigroup.
Guess (GES -3.69%) was initiated with a 'Buy' at Wunderlich with a price target of $31.
Infineon (IFNNY +0.27%) was upgraded to 'Buy' from 'Neutral' at UBS.
Point72 Asset reported a 5.1% passive stake in Kindred Healthcare (KND +0.21%) .
Aegean Marine (ANW -0.84%) reported Q2 EPS of 20 cents, right on consensus, although Q2 revenue of $1.72 billion was higher than consensus of $1.71 million.
Cisco (CSCO +0.20%) reported Q4 EPS of 55 cents, better than consensus of 53 cents.
Infosys (INFY +0.86%) was downgraded to 'Hold' from 'Buy' at Jefferies.
Vipshop (VIPS +4.36%) reported Q2 EPS of 72 cents, higher than consensus of 64 cents, and then raised guidance on Q3 revenue to $850 million-$860 million, better than consensus of $824.85 million.
NetApp (NTAP +0.03%) reported Q1 EPS of 60 cents, better than consensus of 57 cents.

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 +0.10%) this morning are up +2.25 points (+0.12%). The S&P 500 index on Wednesday rallied to a 1-1/2 week high and closed higher: S&P 500 +0.67%, Dow Jones +0.55%, Nasdaq +1.13%. Bullish factors included (1) speculation the Fed won’t be forced to raise interest rates sooner than expected after the weaker-than-expected U.S. Jul retail sales report, and (2) strong Q2 company earnings results as 75% of reporting S&P 500 companies have beaten profit estimates. On the negative side, U.S. Jul retail sales were unchanged and +0.1% ex autos, weaker than expectations of +0.2% and +0.4% ex autos.
Sep 10-year T-notes (ZNU14 +0.02%) this morning are unch. Sep 10-year T-note futures prices on Wednesday closed higher. Bullish factors included (1) the smaller-than-expected increase in U.S. Jul retail sales, and (2) global economic concerns after China Jul new yuan loans showed the smallest increase in 4-1/2 years and Eurozone Jun industrial production unexpectedly fell for a second month. Closes: TYU4 +10.00, FVU4 +6.25.
The dollar index (DXY00 -0.06%) this morning is down -0.050 (-0.06%). EUR/USD (^EURUSD) is up +0.0011 (+0.08%) and USD/JPY (^USDJPY) is up +0.03 (+0.03%). The dollar index on Wednesday closed higher. Supportive factors included (1) weakness in EUR/USD after Eurozone Jun industrial production unexpectedly fell -0.3% m/m, weaker than expectations of +0.4% m/m, and (2) weakness in the yen after Japan Q2 GDP fell -6.8% q/q annualized, the largest pace of contraction in 3-1/2 years. Strength in the dollar was limited after U.S. Jul retail sales rose less than expected. Closes: Dollar index +0.096 (+0.12%), EUR/USD -0.0004 (-0.03%), USD/JPY +0.157 (+0.15%).
Sep WTI crude oil (CLU14 -0.11%) this morning is down -9 cents (-0.09%) and Sep gasoline (RBU14 -0.51%) is down -0.0105 (-0.38%). Sep crude and gasoline prices on Wednesday closed higher on technical buying from early losses after last week’s lows held: CLU4 +0.22 (+0.23%), RBU4 +0.0160 (+0.59%). Prices had moved lower on bearish factors that included (1) the unexpected +1.4 million bbl increase in weekly EIA crude inventories, more than expectations for a -1.625 million bbl decline, and (2) the +418,000 bbl rise in crude supplies at Cushing, OK, the delivery point of WTI futures, for the second consecutive weekly rise.

GLOBAL EVENT CALENDAR08/14/2014

US	0830 ET	Weekly initial unemployment claims expected +6,000 to 295,000, previous -14,000 to 289,000. Weekly continuing claims expected -11,000 to 2.507 million, previous -24,000 to 2.518 million.
	0830 ET	Jul import price index expected -0.4% m/m and +0.8% y/y, Jun +0.1% m/m and +1.2% y/y.
	0830 ET	USDA weekly Export Sales.
	1300 ET	Treasury auctions $16 billion 30-year T-bonds.
GER	0200 ET	German Q2 GDP expected -0.1% q/q and +1.3% y/y (nsa), Q1 +0.8% q/q and +2.5% y/y (nsa).
EUR	0500 ET	Revised Eurozone Jul CPI, previous +0.5% y/y and core +0.8% y/y.
	0500 ET	Eurozone Q2 GDP expected +0.1% q/q and +0.7% y/y, Q1 +0.2% q/q and +0.9% y/y.

U.S. STOCK CALENDAR08/14/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Advance Auto Parts Inc	AAP US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	2.011
Kohl's Corp	KSS US	7:00	Q2 2015 Earnings Release	Q2 2015	1.07
Wal-Mart Stores Inc	WMT US	7:00	Q2 2015 Earnings Release	Q2 2015	1.213
Perrigo Co PLC	PRGO US	8:00	Q4 2014 Earnings Release	Q4 2014	1.554
JC Penney Co Inc	JCP US	16:00	Q2 2015 Earnings Release	Q2 2015	-0.895
Agilent Technologies Inc	A US	16:05	Q3 2014 Earnings Release	Q3 2014	0.742
Autodesk Inc	ADSK US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.285
Nordstrom Inc	JWN US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.945
Applied Materials Inc	AMAT US	Aft-mkt	Q3 2014 Earnings Release	Q3 2014	0.269
Bally Technologies Inc	BYI US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	1.199
Dillard's Inc	DDS US		Q2 2015 Earnings Release	Q2 2015	0.863

Relm Wireless - Barchart's Chart of the Day

Relm Wireless (RWC) is the Barchart Chart of the Day.  The communications equipment stock has a Trend Spotter buy signal, a Weighted Alpha of 57.90+ and gained 50.36% in the last month.

The Chart of the Day is Relm Wireless (RWC).  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 charts.  Since the Trend Spotter signaled another buy on 7/23 the stock is up 5.85%.

RWC manufactures and markets two-way FM business band as well as high spec public safety mobile, portable and base radios, repeaters and accessories, base station components and subsystems. Products are manufactured and distributed worldwide under the RELM Communications, Uniden PRC and BK Radio brand names.

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
• 16 new highs and up 12.97% in the last month
• Relative Strength Index 62.05%
• Barchart computes a technical support level at 3.92
• Recently traded at 4.08 with a 50 day moving average of 3.94

Fundamental factors:

• Market Cap $51.25 million
• P/E 51.25
• The analyst following the stock has not made a recommendation but forecasts the earnings will grow 22.50% annually for at least the next 5 years
• Over on Motley Fool their readers voted 27 to 0 that the stock will beat the market

Small Cap stocks like this one should be treated on a purely technical basis.  Exit at the 100 day moving average.

5 Interesting Small Caps

Lately Small Caps have had a very difficult time.  I wanted to find some Small Caps with good technical indicators and charts.  First I sorted the S&P 600 Small Cap Index for the highest short term technical indicators then used the Flipchart feature to review the charts.

The stocks I selected were Marriot Vacations Worldwide (VAC), Sovran Self Storage (SSS), Saia Inc (SAIA), Pennsylvania Real Estate Investments (PEI) and Monolithic Power Systems (MPWR):

Marriot Vacations Worldwide (VAC)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 4.23% in the last month
• Relative Strength Index 65.18%
• Barchart computes a technical support level at 57.60
• Recently traded at 59.97 with a 50 day moving average of 57.19

Sovran Self Storage (SSS)

Barchart technical indicators:

• 100% Bar chart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 2.61% in the last month
• Relative Strength Index 60.88%
• Barchart computes a technical support level at 76.61
• Recently traded at 78.51 with a 50 day moving average of 77.20

Saia Inc (SAIA)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 8.88% in the last month
• Relative Strength Index 67.53%
• Barchart computes a technical support level at 46.27
• Recently traded at 47.87 with a 50 day moving average of 44.93

Pennsylvania Real Estate Investments (PEI)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 1.91% in the last month
• Relative Strength Index 62.93%
• Barchart computes a technical support level at 18.73
• Recently traded at 19.79 with a 50 day moving average of 18.73

Monolithic Power Systems (MPWR)

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 6.27% in the last month
• Relative Strength Index 65.46%
• Barchart computes a technical support level at 41.47
• Recently traded at 44.06 with a 50 day moving average of 41.88

BARCHART MORNING ALL 8/13

BARCHART MORNING CALL

Wednesday, August 13th, 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

September E-mini S&Ps (ESU14 +0.47%) this morning are up +0.49% on expectations that today's U.S. Jul retail sales will be strong and European stocks are up +1.00% on better-than-expected earnings results from E.ON SE and Swiss Life Holdings AG. Asian stocks closed mostly higher: Japan +0.35%, Hong Kong +0.81%, China +0.08%, Taiwan +0.74%, Australia -0.28%, Singapore -0.06%, South Korea +0.98%, India +0.15%. China's Shanghai Stock Index recovered losses and rose to an 8-month high after weaker-than-expected Chinese economic data on new loans, industrial production and retail sales boosted speculation the government will increase economic stimulus measures. Commodity prices are mixed. Sep crude oil (CLU14 -0.10%) is up +0.04%. Sep gasoline (RBU14 -0.37%) is down -0.29%. Dec gold (GCZ14 -0.10%) is down -0.14%. Sep copper (HGU14 -0.67%) is down -0.59% at a 1-1/2 month low. Agriculture and livestock prices are mixed with Oct cattle down -0.19% at a 2-month low and Oct hogs down -0.64% at a 4-3/4 month low. The dollar index (DXY00 +0.13%) is up +0.16%. EUR/USD (^EURUSD) is down -0.07% after Eurozone Jun industrial production unexpectedly declined for a second month. USD/JPY (^USDJPY) is up +0.20%. GBP/USD slid to a 2-1/4 month low after BOE Governor Carney said that global political risks and weakness in the Eurozone might weigh on Britain's recovery and that the BOE won't raise interest rates too soon or too fast. Sep T-note prices (ZNU14 -0.06%) are down -4 ticks.
China Jul new yuan loans were 385.2 billion yuan, less than half of expectations of 780.0 billion yuan and the smallest increase in 4-1/2 years.
China Jul industrial production rose +9.0% y/y, less than expectations of +9.2% y/y.
China Jul retail sales rose +12.2% y/y, less than expectations of +12.5% y/y.
Eurozone Jun industrial production unexpectedly fell for a second month as it dropped -0.3% m/m, weaker than expectations of +0.4% m/m. On an annual basis, Jun industrial production was unchanged y/y, weaker than expectations of +0.2% y/y.
UK Jul jobless claims fell -33,600, more than expectations of -30,000. The Jul claimant count rate fell -0.1 to 3.0%, right on expectations and the lowest in 5-3/4 years.
The UK Jun ILO unemployment rate fell -0.1 to 6.4% for the 3 months through Jun, right on expectations and the lowest in 5-1/2 years.
UK Jun avg weekly earnings fell -0.2% in the 3 months through Jun, a bigger decline than expectations of -0.1% and the largest decrease in 5 years. Jun weekly earnings ex-bonus rose +0.6% in the 3 months though Jun, less than expectations of +0.7%.
Japan Q2 GDP fell -6.8% q/q annualized, the largest pace of contraction in 3-1/2 years, although less than expectations of -7.0% q/q annualized. The Q2 GDP deflator rose +2.0% y/y, more than expectations of +1.6% y/y and the fastest pace since the data were first complied in 1995.

U.S. STOCK PREVIEW

Today’s July retail sales report is expected to show a moderate increase of +0.2% and +0.4% ex-autos, thus matching June’s report of +0.2% and +0.4% ex-autos. The Treasury today will sell $24 billion of 10-year T-notes. There are 4 of the S&P 500 companies that report earnings today: Deere (consensus $2.20), Macy's (0.86), NetApp (0.57), Cisco Systems (0.53). Equity conferences during the remainder of this week include: Jefferies Global Industrials Conference on Mon-Thu, Oppenheimer Technology, Internet & Communications Conference on Tue-Wed, JP Morgan Auto Conference on Wed, Canaccord Genuity Growth Conference on Wed-Thu, and Barclays Summer Utilities Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Deere & Co. (DE -0.78%) reported Q3 EPS of $2.33, higher than consensus of $2.20, but then said worldwide sales of agriculture and turf equipment are forecast to decrease by about 10% for fiscal-year 2014.
SeaWorld (SEAS +0.32%) reported Q2 EPS of 43 cents, well below consensus of 59 cents.
Southern Company (SO +0.37%) was downgraded to 'Underweight' from 'Equal Weight' at Morgan Stanley.
Demandware (DWRE +1.04%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Ford (F +0.23%) was upgraded to 'Buy' from 'Hold' at Stifel.
CSR (CSRE +0.25%) was downgraded to 'Hold' from 'Buy' at Jefferies.
Fossil (FOSL -0.93%) reported Q2 EPS of 98 cents, better than consensus of 96 cents.
JDSU (JDSU -0.50%) reported Q4 adjusted EPS of 14 cents, higher than consensus of 13 cents.
King Digital (KING +0.17%) plummeted over 20% in after-hours trading after it reported Q2 adjusted EPS of 59 cents, right on consensus, but reported Q2 revenue of $593.5 million, below consensus of $605.67 million.
Cree (CREE -0.99%) slipped 7% in after-hours trading after it reported Q4 EPS of 42 cents, better than consensus of 41 cents, but then lowered guidance on Q1 EPS to 40 cents to 45 cents, below consensus of 46 cents.

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 +0.47%) this morning are up +9.50 points (+0.49%). The S&P 500 index on Tuesday closed lower: S&P 500 -0.16%, Dow Jones -0.06%, Nasdaq -0.13%. The main bearish factor was negative carry-over from a slide in European stocks after the German Aug ZEW survey expectations of economic growth slumped -18.5 to 8.6, a much bigger decline than expectations of -10.1 to 17.0 and the lowest in 20 months. Stock losses were contained on signs of strength in the U.S. labor market after U.S. Labor Department data showed U.S. employers posted 4.67 million job offers in June, up +2.1% m/m and the most monthly job openings in 13-1/2 years.
Sep 10-year T-notes (ZNU14 -0.06%) this morning are down -4 ticks. Sep 10-year T-note futures prices on Tuesday closed lower. Bearish factors included (1) signs of strength in the U.S. labor market after Labor Department data showed U.S. employers posted 4.67 million job offers in June, the most in 13-1/2 years, and (2) slack demand for the Treasury’s $27 billion auction of 3-year T-notes that had a bid-to-cover ratio of 3.03, well below the 12-auction average of 3.34. Closes: TYU4 -3.00, FVU4 +0.50.
The dollar index (DXY00 +0.13%) this morning is up +0.133 (+0.16%). EUR/USD (^EURUSD) is down -0.0009 (-0.07%) and USD/JPY (^USDJPY) is up +0.20 (+0.20%). The dollar index on Tuesday closed higher on bullish factors that included (1) weakness in EUR/USD after the German Aug ZEW investor confidence fell to the lowest in 20 months, and (2) increased safe-haven demand for the dollar as stocks fell. Closes: Dollar index +0.034 (+0.04%), EUR/USD -0.00159 (-0.12%), USD/JPY +0.071(+0.07%).
Sep WTI crude oil (CLU14 -0.10%) this morning is down -4 cents (-0.04%) and Sep gasoline (RBU14 -0.37%) is down -0.0079 (-0.29%). Sep crude and gasoline prices on Tuesday closed lower: CLU4 -0.76 (-0.77%), RBU4 -0.0174 (-0.63%). Bearish factors included (1) demand concerns after the IEA cut its 2014 global oil demand estimate by -180,000 barrels a day and cut its 2015 global oil demand estimate by -90,000 barrels a day, and (2) dollar strength. Losses were contained on expectations that Wednesday’s weekly EIA data will show crude stockpiles declined for the seventh consecutive week.

GLOBAL EVENT CALENDAR08/13/2014

US	0700 ET	Weekly MBA mortgage applications, previous +1.6% with purchase sub-index -1.3% and refi sub-index +3.8%.
	0830 ET	Jul retail sales expected +0.2% and +0.4% ex autos, Jun +0.2% and +0.4% ex autos.
	0905 ET	New York Fed President William Dudley delivers opening remarks and Boston Fed President Eric Rosengren delivers the keynote address at the New York Feds conference on the risks of wholesale funding.
	1000 ET	Jun business inventories expected +0.4%, May +0.5%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1300 ET	Treasury auctions $24 billion 10-year T-notes.
CHI	0130 ET	China Jul industrial production expected +9.2% y/y, Jun +9.2% y/y. Jul retail sales expected +12.5% y/y, Jun +12.4% y/y.
GER	0200 ET	Revised German Jul CPI (EU harmonized), previous +0.3% m/m and +0.8% y/y.
	0200 ET	German Jul wholesale price index, Jun -0.1% m/m and -0.8% y/y.
UK	0430 ET	UK Jul jobless claims change expected -30,000, Jun -36,300. Jul claimant count rate expected -0.1 to 3.0%.
	0430 ET	UK Jun avg weekly earnings expected -0.1% 3-month through Jun, May +0.3% 3-months through May. Jun weekly earnings ex-bonus expected +0.7% 3-months through Jun, May +0.7% 3-months through May.
	0430 ET	UK Jun ILO unemployment rate expected -0.1 to 6.4% 3-months through Jun, May +6.5% 3-months through May.
	0530 ET	BOE release quarterly inflation report.
	1901 ET	UK Jul RICS house price balance expected 51%, Jun 53%.
EUR	0500 ET	Eurozone Jun industrial production expected +0.4% m/m and +0.2% y/y, May -1.1% m/m and +0.5% y/y.
JPN	1950 ET	Japan Jun machine orders expected +15.3% m/m and +3.0% y/y, May -19.5% m/m and -14.3% y/y.

U.S. STOCK CALENDAR08/13/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Deere & Co	DE US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	2.204
Progressive Corp/The	PGR US	Bef-mkt	July 2014 Sales and Revenue Release	2014
Pinnacle Foods Inc	PF US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.333
SeaWorld Entertainment Inc	SEAS US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.582
Macy's Inc	M US	8:00	Q2 2015 Earnings Release	Q2 2015	0.858
WW Grainger Inc	GWW US	8:00	July 2014 Sales and Revenue Call	2014
WW Grainger Inc	GWW US	8:00	July 2014 Sales and Revenue Release	2014
Jack Henry & Associates Inc	JKHY US	8:45	Q4 2014 Earnings Call	Q4 2014
SeaWorld Entertainment Inc	SEAS US	9:00	Q2 2014 Earnings Call	Q2 2014
Pinnacle Foods Inc	PF US	9:30	Q2 2014 Earnings Call	Q2 2014
Computer Sciences Corp	CSC US	10:00	Annual General Meeting	Y 2014
Deere & Co	DE US	10:00	Q3 2014 Earnings Call	Q3 2014
Tahoe Resources Inc	THO CN	10:00	Q2 2014 Earnings Call	Q2 2014
Veritiv Corp	VRTV US	10:00	Q2 2014 Earnings Call	Q2 2014
Macy's Inc	M US	10:30	Q2 2015 Earnings Call	Q2 2015
JM Smucker Co/The	SJM US	11:00	Annual General Meeting	Y 2014
NetApp Inc	NTAP US	16:01	Q1 2015 Earnings Release	Q1 2015	0.57
Cisco Systems Inc	CSCO US	16:30	Q4 2014 Earnings Release	Q4 2014	0.528
Cisco Systems Inc	CSCO US	16:30	Q4 2014 Earnings Call	Q4 2014
NetApp Inc	NTAP US	17:30	Q1 2015 Earnings Call	Q1 2015
Twenty-First Century Fox Inc	FOXA US		U.S. Box Office Release of Movie Let's Be Cops""
Pfizer Inc	PFE US		CDC ACIP Meeting, use of Prevnar 13 pneumococcal vaccine in adults
Xilinx Inc	XLNX US		Annual General Meeting
Athlon Energy Inc	ATHL US		Q2 2014 Earnings Release	Q2 2014	0.276
Veritiv Corp	VRTV US		Q2 2014 Earnings Release	Q2 2014

Kaiser Aluminum - Barchart's Chart of the Day

Kaiser Aluminum (KALU) is the Barchart Chart of the Day.  The aluminum products stock has a Trnd Spotter buy signal, a Weighted Alpha of 22.70+ and gained 27.86% in the last year.

The Chart of the Day belongs to Kaiser Aluminum (KALU).  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 review the charts. Since the Trend Spotter signaled a buy on 6/5 the stock gained 12.23%.

KALU is a leading producer of fabricated aluminum products for aerospace and high strength, general engineering, automotive, and custom industrial applications. Repeatedly acknowledged as `Best in Class` among its global customer base, their 11 fabrication plants typically produce and ship more than 500 million pounds of product annually.  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 14 new highs and up 10.92% in the last month Relative Strength Index 78.38% Barchart computes a technical support level at 77.12 Recently traded at 80.00 with a 50 day moving average of 73.50 Fundamental factors: Market Cap $ 1.44 billion P/E 22.25 Dividend yield 1.79% Revenue expected to grow 3.90% this year and another 7.40% next year Earnings estimated to increase by 2.50% this year, an additional 25.70% next year and continue to increase at an annual rate of 15.00% for the next 5 years Wall Street analyst issued 3 strong buy, 1 buy and 4 hold recommendations on the stocks Watch the 50 and 100 day moving averages and exit if it falls below the 100 DMA.

5 Mid Caps to Consider

Today I used Barchart to sort the S&P 400 Mid Cap Index stocks to find the stocks with good technical indicators and upward momentum.  As always I used the Flipchart feature to review the charts.

Today's list includes Royal Gold (RGLD), Lexmark International (LXK), Kate Spade & Co (KATE), Jetblue Airways (JBLU) and Cinemark Holdings (CNK):

Royal Gold (RGLD)

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 4.25% in the last month
• Relative Strength Index 70.21%
• Barchart computes a technical support level at 79.06
• Recently traded at 81.57 with a 50 day moving average of 73.78

Lexmark International (LXK)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 3.23% in the last month
• Relative Strength Index 67.06%
• Barchart computes a technical support level at 48.89
• Recently traded at 50.46 with a 50 day moving average of 47.28

Kate Spade & Co (KATE)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter hold signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 12.32% in the last month
• Relative Strength Index 73.32%
• Barchart computes a technical support level at 37.84
• Recently traded at 41.68 with a 50 day moving average of 38.13

Jetblue Airways (JBLU)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 7.95% in the last month
• Relative Strength Index 65.51%
• Barchart computes a technical support level at 11.33
• Recently traded at 11.67 with a 50 day moving average of 10.75

Cinemark Holdings (CNK)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 4.45% in he last month
• Relative Strength Index 68.61%
• Barchart computes a technical support level at 34.75
• Recently traded at 35.59 with a 50 day moving average of 33.66

BARCHART MORNING CALL 8/12

BARCHART MORNING CALL

Tuesday, August 12th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU14 +0.16%) this morning are up +0.19% on optimism that Q2 company earnings results will remain strong, while European stocks are down -0.17% after German investor confidence dropped for an eighth month. Asian stocks closed mixed: Japan +0.20%, Hong Kong +0.18%, China -0.35%, Taiwan -0.11%, Australia +1.34%, Singapore -0.09%, South Korea +0.01%, India +1.42%. Commodity prices are mixed. Sep crude oil (CLU14 -0.71%) is down -0.81% after the IEA reduced its estimates for 2014 global oil demand by -180,000 barrels a day and by -90,000 barrels a day for 2015. Sep gasoline (RBU14 -0.36%) is down -0.47%. Dec gold (GCZ14 +0.18%) is up +0.21%. Sep copper (HGU14 +0.22%) is up +0.30%. Agriculture and livestock prices are lower ahead of today's USDA Aug WASDE crop production report. The dollar index (DXY00 +0.21%) is up +0.24%. EUR/USD (^EURUSD) is down -0.33% after German Aug ZEW investor confidence fell to the lowest in 20 months. USD/JPY (^USDJPY) is up +0.10%. GBP/USD fell -0.03% to a 2-month low after a gauge of British retail sales fell for a second month. Sep T-note prices (ZNU14 -0.05%) are down -2 ticks.
The German Aug ZEW survey expectations of economic growth slumped -18.5 to 8.6, a much bigger decline than expectations of -10.1 to 17.0 and the lowest in 20 months. The Aug ZEW survey current situation fell -17.5 to 44.3, a bigger drop than expectations of -7.8 to 54.0 and the lowest in 7 months.
UK Jul BRC sales like-for-like unexpectedly fell for a second month as it slid -0.3% y/y, weaker than expectations of +0.9% y/y.
Japan Jul PPI rose +0.3% m/m and +4.3% y/y, less than expectations of +0.4% m/m and +4.4% y/y.
The Japan Jun industrial production was revised lower to -3.4% m/m and +3.1% y/y from the originally reported -3.3% m/m and +3.2% y/y. The -3.4% m/m drop is the largest monthly decline in 3-1/4 years. Jun capacity utilization fell -3.3% m/m, the biggest decline in 1-3/4 years.

U.S. STOCK PREVIEW

The Treasury today will sell $27 billion of 3-year T-notes. Today's July monthly budget statement is expected to show a deficit of -$96.0 billion in a turnaround from June's surplus of +$70.5 billion. There are 12 of the Russell 1000 companies that report earnings today with notable reports including Fossil Group (consensus $0.96), Valspar (1.16), Kate Spade (0.00), Cree (0.41), and JDS Uniphase (0.13).
Equity conferences during the remainder of this week include: Pacific Crest Global Technology Leadership Forum on Mon-Tue, Jefferies Global Industrials Conference on Mon-Thu, Goldman Sachs Power, Utilities, MLP & Pipeline Conference on Tue, Wedbush Life Sciences Management Access Conference on Tue, 8/12/2014 on Tue-Wed, J.P. Morgan Auto Conference on Tue, Oppenheimer Technology, Internet & Communications Conference on Tue-Wed, JP Morgan Auto Conference on Wed, Canaccord Genuity Growth Conference on Wed-Thu, and Barclays Summer Utilities Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Dean Foods (DF -3.86%) was upgraded to 'Outperform' from 'Neutral' at Credit Suisse.
Stryker (SYK -0.33%) was upgraded to 'Buy' from 'Hold' at Needham.
Citigroup added shares of First Solar (FSLR +1.98%) and Foot Locker (FT +0.55%) to its Focus List.
Towers Watson (TW +1.65%) reported Q4 adjusted EPS of $1.34, higher than consensus of $1.25.
Flowers Foods (FLO +0.35%) reported Q2 EPS of 21 cents, weaker than consensus of 24 cents, and then cut its fiscal 2014 EPS view to to 92 cents-98 cents from 98 cents-$1.05, below consensus of $1.02.
Abercrombie & Fitch (ANF +0.39%) was upgraded to 'Buy' from 'Hold' at Stifel with a price target of $50.
Paulson & Co. reported a 10.1% passive stake in Cobalt (CIE +2.46%) .
MasTec (MTZ +4.50%) fell nearly 4% in after-hours trading after it reported Q2 adjusted EPS of 40 cents, right on consensus, but then lowered guidance on fiscal 2014 adjusted EPS to $1.55-$1.58, well below consensus of $1.82.
Convergys (CVG +1.62%) reported Q2 adjusted EPS of 34 cents, better than consensus of 32 cents.
Caesar's (CZR +2.32%) reported a Q2 EPS losss of -$3.24, over double consensus of a -$1.19 loss.
Ventas (VTR +0.35%) reported Q2 normalized FFO of $1.12, higher than consensus of $1.09
Nuance (NUAN +1.06%) tumbled 9% in after-hours trading after it reported Q3 EPS of 27 cents, right on consensus, but then lowered guidance on fiscal 2014 EPS to $1.03-$1.08, below consensus of $1.13.

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 +0.16%) this morning are up +3.75 points (+0.19%). The S&P 500 index on Monday rallied to a 1-week high and closed higher: S&P 500 +0.28%, Dow Jones +0.10%, Nasdaq +0.58%. Bullish factors included (1) carry-over support from a rally in European stocks on reduced tensions in Ukraine after Russia said it had withdrawn troops from the Ukraine border, and (2) signs of optimism about the global economic outlook after Japan Jul consumer confidence climbed to an 8-month high and UK Jul Lloyds employment confidence rose to its highest level since the data series began in 2004.
Sep 10-year T-notes (ZNU14 -0.05%) this morning are down -2 ticks. Sep 10-year T-note futures prices on Monday closed slightly lower. Bearish factors included (1) reduced safe-haven demand as global equity markets rallied after Russia said it had withdrawn troops from the Ukraine border, and (2) supply pressures as the Treasury prepares to auction $67 billion of T-notes and T-bonds this week in the Aug quarterly refunding that begins with Tuesday’s $27 billion auction of 3-year T-notes. Closes: TYU4 -1.50, FVU4 -0.50.
The dollar index (DXY00 +0.21%) this morning is up +0.197 (+0.24%). EUR/USD (^EURUSD) is down -0.0044 (-0.33%) and USD/JPY (^USDJPY) is up +0.10 (+0.10%). The dollar index on Monday closed higher. Bullish factors included (1) weakness in the yen as USD/JPY rallied after strength in global equity markets reduced the safe-haven demand for the yen, and (2) overall negative sentiment toward EUR/USD on speculation the Fed will tighten monetary policy before the ECB. Closes: Dollar index +0.077 (+0.09%), EUR/USD -0.00259 (-0.19%), USD/JPY +0.152 (+0.15%).
Sep WTI crude oil (CLU14 -0.71%) this morning is down -79 cents (-0.81%) after the IEA cut its global oil demand forecasts for this year and next. Sep gasoline (RBU14 -0.36%) is down -0.0129 (-0.47%). Sep crude and gasoline prices on Monday closed higher: CLU4 +0.43 (+0.44%), RBU4 +0.0009 (+0.03%). Bullish factors included (1) a rally in global stock markets, which signals confidence in the economic outlook and energy demand, and (2) expectations that Wednesday’s weekly EIA data will show crude stockpiles declined for the seventh consecutive week.

GLOBAL EVENT CALENDAR08/12/2014

US	1200 ET	Aug WASDE crop production.
	1300 ET	Treasury auctions $27 billion 3-year T-notes.
	1400 ET	Jul monthly budget statement expected -$96.0 billion, Jun +$70.5 billion.
JPN	0030 ET	Revised Japan Jun industrial production, previous -3.3% m/m and +3.2% y/y.
	0030 ET	Japan Jun capacity utilization, May -0.7% m/m
	1950 ET	Japan Q2 GDP expected -7.0% q/q annualized, Q1 +6.7% q/q annualized. Q2 deflator expected +1.6% y/y, Q1 0.1% y/y. Q2 consumer spending expected -3.7% q/q, Q1 +2.2% q/q. Q2 business spending expected -3.0% q/q, Q1 +7.6% q/q.
GER	0500 ET	German Aug ZEW survey expectations of economic growth expected -10.1 to 17.0, Jul 27.1. Aug ZEW survey current situation expected -7.8 to 54.0, Jul 61.8.

U.S. STOCK CALENDAR08/12/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Kate Spade & Co	KATE US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	-0.003
Valspar Corp/The	VAL US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	1.159
Flowers Foods Inc	FLO US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.235
CST Brands Inc	CST US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.487
Towers Watson & Co	TW US	6:00	Q4 2014 Earnings Release	Q4 2014	1.252
Charles River Laboratories International Inc	CRL US	8:30	Investor Meeting	Y 2014
Flowers Foods Inc	FLO US	8:30	Q2 2014 Earnings Call	Q2 2014
Ventas Inc	VTR US	9:00	Q2 2014 Earnings Call	Q2 2014
Towers Watson & Co	TW US	9:00	Q4 2014 Earnings Call	Q4 2014
CST Brands Inc	CST US	9:00	Q2 2014 Earnings Call	Q2 2014
Kate Spade & Co	KATE US	10:00	Q2 2014 Earnings Call	Q2 2014
Chimera Investment Corp	CIM US	10:00	Q2 2014 Earnings Call	Q2 2014
Valspar Corp/The	VAL US	11:00	Q3 2014 Earnings Call	Q3 2014
Precision Castparts Corp	PCP US	16:00	Annual General Meeting
Fossil Group Inc	FOSL US	16:30	Q2 2014 Earnings Call	Q2 2014
Myriad Genetics Inc	MYGN US	16:30	Q4 2014 Earnings Call	Q4 2014
Cree Inc	CREE US	17:00	Q4 2014 Earnings Call	Q4 2014
JDS Uniphase Corp	JDSU US	17:00	Q4 2014 Earnings Call	Q4 2014
URS Corp	URS US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	0.74
Fossil Group Inc	FOSL US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	0.964
Jack Henry & Associates Inc	JKHY US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.595
Cree Inc	CREE US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.409
JDS Uniphase Corp	JDSU US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.13
Myriad Genetics Inc	MYGN US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.464
Tahoe Resources Inc	THO CN	Aft-mkt	Q2 2014 Earnings Release	Q2 2014