Heidrick and Struggles International - Barchart Chart of the Day

Heidrick and Struggles International (HSII) is the Barchart  Chart of the Day.  The international executive search firm has a Trend Spotter buy signal, a Weighted Alpha of 49.53+, gained 54.37% in the last year and paid a 2.28% dividend.

The Chart of the Day is Heidrick & Struggles International (HSII).  I found the stock by sorting the 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 7/30 the stock gained 24.83%.

Heidrick & Struggles International is one of the leading global executive search firms. With years of experience in fulfilling their clients' leadership needs, Heidrick & Struggles offers and conducts executive search services in every major business center in the world. They focus on identifying, evaluating and recommending qualified candidates for senior level executive positions. Through their worldwide network of professionals, they provide executive search services to a broad range of clients.

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

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 25.03% in the last month
• Relative Strength Index 89.55%
• Barchart computes a technical support level at 22.77
• Recently traded at 23.68 with a 50 day moving average

Fundamental factors:

• Market Cap $430.98 million
• P/E 47.50
• Dividend yield 2.28%
• Revenue expected to grow 8.50% this year and another 5.10% next year
• Earnings estimated to increase 82.90% this year, an additional 35.90% next year and continue to increase at an annual rate of 11.50% for the next 5 years
• Wall Street analysts issued 4 hold and 1 under perform recommendation on the stock

The price momentum has been steady and the projection for revenue and earnings above average.  Since the analysts aren't backing it I would use some caution.

BARCHART MORNING CALL 9/5

BARCHART MORNING CALL

Friday, September 5th, 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 -0.35%) this morning are down -0.36% and European stocks are down -0.41% ahead of this morning's U.S. Aug non-farm payrolls. Losses in European stocks were limited after German Jul industrial production rose more than expected by the most in 2-1/3 years. Also, Ukraine President Poroshenko voiced "careful optimism" that talks today with pro-Russian rebels will set the course for a cease-fire. Asian stocks closed mostly lower: Japan -0.05%, Hong Kong -0.23%, China +0.95%, Taiwan -0.22%, Australia -0.58%, Singapore -0.14%, South Korea -0.42%, India -0.22%. China's Shanghai Stock Index bucked the trend of lower Asian equity markets and rose for a sixth day to its highest in 1-1/4 years amid speculation the government is boosting measures to support the economy. Commodity prices are mostly higher. Oct crude oil (CLV14 +0.03%) is up +0.31%. Oct gasoline (RBV14 +0.73%) is up +0.77%. Dec gold (GCZ14 -0.02%) is down -0.01. Dec copper (HGZ14 +0.13%) is up +0.17% on signs of tighter global supplies after weekly Shanghai copper inventories fell -5,442 MT to 74,336 MT, a 2-3/4 year low. Agriculture and livestock prices are higher with Oct hogs up +1.44% at a 1-month high. The dollar index (DXY00 -0.09%) is down -0.06%. EUR/USD (^EURUSD) is up +0.06%. USD/JPY (^USDJPY) is down -0.06%. Dec T-note prices (ZNZ14 -0.04%) are down -1.5 ticks.
Speaking late Thursday in New York, Fed Governor Powell said the U.S. labor market has "improved substantially" and that "significant parts" of the FOMC statement need to change.
German Jul industrial production rose +1.9% m/m, more than four times expectations of +0.4% m/m and the largest monthly increase in 2-1/3 years. On an annual basis, Jul industrial production rose +2.5% y/y, much better than expectations of +0.6% y/y.
The Japan Jul leading index CI rose +0.6 to 106.5, less than expectations of +1.2 to 107.1. The Jul coincident index rose +0.2 to 109.9, less than expectations of +0.4 to 110.1.

U.S. STOCK PREVIEW

The market is expecting today’s August U.S. unemployment report to show another month of relatively strong labor market growth. The market consensus is that Aug payroll report will show an increase of +225,000, improving slightly from +209,000 in July. There are no Russell 1000 companies that report earings today: (consensus: n/a).
Equity conferences during the remainder of this week include: Barclays Back to School Conference on Wed-Fri and the Vertical Research Partners Industrial Conference on Wed-Fri.

OVERNIGHT U.S. STOCK MOVERS

Wynn Resorts (WYNN -0.26%) was downgraded to 'Hold' from 'Buy' at Argus.
Credit Suisse (CS -1.05%) was downgraded to 'Neutral' from 'Buy' at UBS.
Google (GOOG +0.70%) was added to the 'Conviction Buy List' at Evercore who raised their price target on the stock to $750 from $725.
British Petroleum (BP -5.91%) was upgraded to 'Buy' from 'Neutral' at Citigroup.
The Gap (GPS +0.58%) fell over 6% in pre-market trading after it reported Aug same-store-sales unexpectedly fell -2.0% in Aug, weaker than expectations for a +1.7% increase.
Parker-Hannifin (PH +1.41%) was initiated with a 'Buy' at Buckingham with a price target of $135.
Celgene (CELG -1.06%) was initiated with a 'Buy' at SunTrust with a price target of $121.
Allergan (AGN -0.44%) was initiated with a 'Buy' at ISI Group with a price target of $207.
Steelhead Partners reported a 6.8% passive stake in Endeavour (END -1.75%) .
Stone Point Capital reported a 7.4% stake in Yadkin Financial (YDKN +0.48%) .
Cooper Companies (COO -0.21%) reported Q3 EPS $of 1.90, right on consensus, but then raised guidance on 2014 EPS view to $7.34-$7.44 from $6.80-$7.00, well above consensus of $6.84.
NVIDIA (NVDA +1.78%) filed a patent infringement complaint against Qualcomm (QCOM +0.29%) and Samsung (SSNLF -2.54%) that alleges the companies are both infringing NVIDIA GPU patents covering technology including programmable shading, unified shaders and multithreaded parallel processing.
Esterline (ESL +0.04%) reported Q3 EPS ex-items $1.38, less than consensus of $1.40, although Q3 revenue of $531.1 million was higher than consensus of $516.57 million.

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 -0.35%) this morning are down -7.25 points (-0.36%). The S&P 500 Index on Thursday fell back from a record high and closed lower: S&P 500 -0.15%, Dow Jones -0.05%, Nasdaq -0.12%. Negative factors included (1) the +204,000 increase in the Aug ADP employment change, less than expectations of +220,000 and (2) profit-taking and long liquidation ahead of Friday's all-important Aug employment report. Supportive factors included (1) the unexpected action by the ECB to cut interest rates to record lows and its plan to implement quantitative easing starting next month, (2) the unexpected +0.9 point increase in the Aug ISM non-manufacturing index to 59.6, better than expectations of -1.0 to 57.7 and the fastest pace of expansion in 9 years.
Dec 10-year T-notes (ZNZ14 -0.04%) this morning are down -1.5 ticks. Dec 10-year T-note futures prices on Thursday closed lower. Bearish factors included (1) the unexpected increase in the Aug ISM non-manufacturing index to its fastest pace of expansion in 9 years, and (2) the rally in the S&P 500 to a new record high, which curbs safe-haven demand for T-notes. Closes: TYZ4 -8.00, FVZ4 -3.75.
The dollar index (DXY00 -0.09%) this morning is down -0.053 (-0.06%). EUR/USD (^EURUSD) is up +0.0008 (+0.06%) and USD/JPY (^USDJPY) is down -0.06 (-0.06%). The dollar index on Thursday surged to a 13-1/2 month high and closed higher. Bullish factors included (1) signs of U.S. economic strength after the Aug ISM non-manufacturing index unexpectedly expanded at the fastest pace of growth in 9 years, and (2) the plunge in EUR/USD to a 13-1/2 month low after the ECB unexpectedly cut all three of its interest rates by 10 bp and after ECB President Draghi said the ECB will begin buying "a broad portfolio" of asset-backed securities starting next month. Closes: Dollar index +0.955 (+1.15%), EUR/USD -0.0206 (-1.57%), USD/JPY +0.481 (+0.46%).
Oct WTI crude oil (CLV14 +0.03%) this morning is up +29 cents (+0.31%) and Oct gasoline (RBV14 +0.73%) is up +0.0201 (+0.77%). Oct crude and gasoline prices on Thursday closed lower: CLV4 -1.09 (-1.14%), RBV4 -0.0172 (-0.66%). Negative factors included (1) the rally in the dollar index to a 13-1/2 month high, and (2) speculation that scheduled autumn U.S. refinery maintenance will reduce refinery demand for crude. Losses were limited after (1) weekly EIA crude supplies fell -905,000 bbl to a 7-month low, and (2) the -2.3 million bb drop in EIA gasoline stockpiles to a 9-1/2 month low.

GLOBAL EVENT CALENDAR09/05/2014

US	0830 ET	Aug non-farm payrolls expected +225,000, Jul +209,000. Aug private payrolls expected +210,000, Jul +198,000. Aug manufacturing payrolls expected +15,000, Jul +28,000. Aug unemployment rate expected -0.1 to 6.1%, Jul +0.1 to 6.2%.
	0830 ET	Aug avg hourly earnings expected +0.2% m/m and +2.1% y/y, Jul unch m/m and +2.0% y/y. Aug avg weekly hours expected unch at 34.5.
	0830 ET	USDA weekly Export Sales.
	1545 ET	Boston Fed President Eric Rosengren speaks at the Vermont Bankers Associations annual conference.
JPN	0100 ET	Japan Jul leading index CI expected +1.2 to 107.1, Jun 105.9. Jul coincident index expected +0.4 to 110.1, Jun 109.7.
GER	0200 ET	German Jul industrial production expected +0.4% m/m and +0.6% y/y, Jun +0.3% m/m and -0.5% y/y.
EUR	0500 ET	Revised Eurozone Q2 GDP, previous unch q/q and +0.7% y/y.

U.S. STOCK CALENDAR09/05/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
NetApp Inc	NTAP US		Annual General Meeting
NorthStar Realty Finance Corp	NRF US		Annual General Meeting

UGI Corp - Barchart's Chart of the Day

UGI Corp (UGI) is the Barchart Chart of the Day.  The utility company has a Trend Spotter buy signal, a Weighted Alpha of 39.90+, gained 38.10% last year and paid a 2.23% dividend.

The Chart of the Day is UGI Corp (UGI).  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 a buy on 8/14 the stock gained 5.95%.

UGI Corporation is a holding company that operates propane distribution, gas and electric utility, energy marketing and related businesses through subsidiaries. Our majority-owned subsidiary, AmeriGas Partners, L.P., a Delaware limited partnership, conducts one of the nation's largest retail propane distribution businesses through its subsidiary AmeriGas Propane, L.P.

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
• 18 new highs and up 10.10% in the last month
• Relative Strength Index 73.34%
• Barchart computes a technical support level at 52.42%
• Recently traded at 53.10 with  50 day moving average of 50.45

Fundamental factors:

• Market Cap $6.11 billion
• P/E 17.56
• Dividend yield 2.23%
• Revenue expected to grow 15.90% this year and another 1.50% next year
• Earnings estimated to increase 23.30% this year, decrease by 2.60% next year but compound at an annual rate of 7.65% for the next 5 years
• Wall Street analysts issued 1 strong buy and 4 hold recommendations on the stock

Stable utility in a stable market.  Play as a total return stock.

Cascade Bancorp - Sell Signals

Today I deleted Cascade Bancorp (CACB) from the Barchart Van Meerten Speculative portfolio for lack of upward momentum:

Barchart technical indicators:

• 8% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 11.51% off its recent high
• Relative Strength Index 45.90%

BARCHART MORNING CALL 9/4

BARCHART MORNING CALL

Thursday, September 4th, 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 +0.31%) this morning are up +0.24% on optimism that this morning's ADP employment report will show solid gains in employment last month, while European stocks are little changed ahead of the results of today's ECB meeting. A positive for European stocks was the largest increase in German factory orders in 13 months. As expected, the BOE kept its benchmark rate at 0.50% and maintained its asset purchase target at 375 billion pounds. Asian stocks closed mixed: Japan -0.33%, Hong Kong -0.08%, China +0.72%, Taiwan -0.23%, Australia -0.44%, Singapore -0.07%, South Korea +0.35%, India -0.20%. China's Shanghai Stock Index climbed to a 1-1/4 year high on signs the government is boosting stimulus measures after Reuters reported that Chinese regulators will allow property developers to issue mid-term notes in the interbank market to cut funding costs. Commodity prices are mixed. Oct crude oil (CLV14 -0.24%) is down -0.40%. Oct gasoline (RBV14 +0.48%) is up +0.19%. Dec gold (GCZ14 +0.06%) is up +0.15%. Dec copper (HGZ14 +0.88%) is up +0.58%. Agriculture and livestock prices are mixed with Dec wheat down -0.70% at a new contract low and Oct cattle up +1.58% at a 5-week high. The dollar index (DXY00 +0.08%) is up +0.14%. EUR/USD (^EURUSD) is down -0.18%. USD/JPY (^USDJPY) is up +0.19%. Dec T-note prices (ZNZ14 -0.05%) are up +0.5 of a tick.
The BOJ said it will maintain record stimulus following its 2-day policy meeting as it kept its pledge to increase the monetary base at an annual pace of 60 trillion to 70 trillion yen ($667 billion). BOJ Governor Kuroda said a moderate recovery would continue and indicated a weaker yen would support the Japanese economy that still faces headwinds from the Apr sales tax hike.
German Jul factory orders rose +4.6% m/m, more than expectations of +1.5% m/m and the largest monthly increase in 13 months. On an annual basis, Jul factory orders rose +4.9% y/y, stronger than expectations of +1.1% y/y.

U.S. STOCK PREVIEW

The market is expecting today’s Aug ADP employment report to show another solid increase of +220,000, improving slightly from +218,000 in July. The market is expecting today’s initial unemployment claims report to show a small +2,000 increase to 300,000 following last week’s -1,000 decline to 298,000. The market is expecting today’s July U.S. trade deficit to widen mildly to -$42.4 billion from -$41.5 billion in June. The market is expecting today’s Aug ISM non-manufacturing index to show a -1.1 point decline to 57.6, reversing part of the +2.7 point increase to 58.7 seen in July. There are three of the Russell 1000 companies that report earings today: Joy Global (consensus: $0.83), VeriFone (0.35), Cooper Cos. (1.90).
Equity conferences during the remainder of this week include: Citi Global Technology Conference on Tue-Thu, Barclays CEO Energy-Power Conference on Tue-Thu, Drexel Hamilton Telecom, Media, and Technology Conference on Wed-Thu, KBW Insurance Conference on Wed-Thu, Robert W. Baird & Co Health Care Conference on Wed-Thu, Barclays Back to School Conference on Wed-Fri, Vertical Research Partners Industrial Conference on Wed-Fri, Mizuho Investment Conference on Thu, Bloomberg Sports Business Summit on Thu, Citi Biotech Conference on Thu, Nomura Digital Media Conference on Thu, Renewable Energy India Expo 2014 on Thu, and Scotia Capital, Inc Financial Summit on Thu.

OVERNIGHT U.S. STOCK MOVERS

VeriFone (PAY -1.31%) reported Q3 EPS of 40 cents, stronger than consensus of 35 cents, and then raised guidance on fiscal 2014 EPS view to $1.46-$1.47, above consensus of $1.45.
L Brands (LB +0.13%) reported August sales up 9% and same-store-sales up 5%.
Las Vegas Sands (LVS +0.70%) was downgraded to 'Hold' from 'Buy' at Argus.
Ciena (CIEN +1.49%) reported Q3 adjusted EPS of 32 cents, better than consensus of 29 cents.
D.R. Horton (DHI -2.54%) was upgraded to 'Buy' from 'Neutral' at UBS.
Foot Locker (FL -0.23%) was initiated with a 'Buy' at Jefferies with a price target of $66.
Joy Global (JOY -0.58%) reported Q3 EPS of 80 cents, weaker than consensus of 84 cents.
Yum! Brands (YUM +0.08%) slid over 3% in after-hours trading after it said it sees its Q3 China division same-store-sales down 13% versus prior year.
Weyerhaeuser (WY -0.29%) was initiated with an 'Outperform' at BMO Capital with a price target of $39.
Symantec (SYMC +0.04%) rose almost 1% in after-hours trading after Bloomberg reported that it is working with Home Depot on its data breach.
ABM Industries (ABM -0.67%) reported Q3 adjusted EPS of 47 cents, better than consensus of 46 cents, and then raised guidance on fiscal 2014 adjusted EPS view to $1.65-$1.69, higher than consensus of $1.60.
Matrix Service (MTRX +2.53%) reported Q4 EPS of 28 cents, below consensus of 36 cents, and then lowered guidance on fiscal 2015 EPS to $1.40-$1.60, well below consensus of $1.77.
WhiteWave Foods (WWAV -1.67%) was initiated with an 'Outperform' at Oppenheimer with a price target of $43.
PVH Corp. (PVH +0.69%) jumped 5% in after-hours trading after it reported Q2 EPS of $1.51, above consensus of $1.42.

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 +0.31%) this morning are up +4.75 points (+0.24%). The S&P 500 Index on Wednesday fell back from a new record high and closed lower as weakness in technology stocks dragged the overall market lower after Apple slumped when Samsung introduced new smartphones: S&P 500 -0.08%, Dow Jones +0.06%, Nasdaq -0.61%. The S&P 500 had posted a new record high on bullish factors that included (1) reduced tensions in Ukraine after Russian and Ukrainian leaders agreed on a framework for a cease fire, and (2) the +10.5% increase in U.S. Jul factory orders, although less than expectations of +10.8%, was still the largest monthly gain since the data series began in 1956.
Dec 10-year T-notes (ZNZ14 -0.05%) this morning are up +0.5 of a tick. Dec 10-year T-note futures prices on Wednesday fell to a 3-week low on reduced safe-haven demand when the S&P 500 surged to a record high after Russian and Ukrainian leaders agreed on steps toward a cease-fire in eastern Ukraine. However, T-note prices recovered and closed unchanged after stocks fell back from their best levels along with skepticism over Russia's resolve to end the conflict after Ukraine Prime Minister Yatsenyuk sad Russia has "cheekily violated" all previous agreements. Closes: TYZ4 unch, FVZ4 -0.25.
The dollar index (DXY00 +0.08%) this morning is up +0.115 (+0.14%). EUR/USD (^EURUSD) is down -0.0024 (-0.18%) and USD/JPY (^USDJPY) is up +0.20 (+0.19%). The dollar index on Wednesday fell back from a 13-1/2 month high and closed lower. Bearish factors included (1) reduced geopolitical tensions that undercut safe-haven demand for the dollar after Russian and Ukrainian leaders agreed on steps toward a cease-fire in eastern Ukraine, and (2) short-covering in EUR/USD ahead of Thursday's monthly ECB meeting. Closes: Dollar index -0.127 (-0.15%), EUR/USD +0.00175 (+0.13%), USD/JPY -0.305 (-0.29%).
Oct WTI crude oil (CLV14 -0.24%) this morning is down -38 cent (0.40%) and Oct gasoline (RBV14 +0.48%) is up +0.0049 (+0.19%). Oct crude and gasoline prices on Wednesday closed higher: CLV4 +2.66 (+2.86%), RBV4 +0.0770 (+3.03%). Bullish factors included (1) reduced tensions in Ukraine after Ukraine President Poroshenko and Russian President Putin discussed a plan for a cease-fire, which boosted speculation that sanctions against Russia will ease and may boost European economic growth, and (2) expectations for Thursday's weekly EIA data will show crude supplies fell -1.0 million bbl, the third consecutive decline.

GLOBAL EVENT CALENDAR09/04/2014

US	0730 ET	Aug Challenger job cuts, Jul +24.4% y/y.
	0815 ET	Aug ADP employment change expected +220,000, Jul +218,000.
	0830 ET	Weekly initial unemployment claims expected +2,000 to 300,000, previous -1,000 to 298,000. Weekly continuing claims expected -17,000 to 2.510 million, previous +25,000 to 2.527 million.
	0830 ET	Jul trade balance expected -$42.4 billion, Jun -$41.5 billion.
	0830 ET	Revised Q2 non-farm productivity expected +2.4%, previous +2.5%. Q2 unit labor costs expected revised to +0.5% from +0.6%.
	0945 ET	Final-Aug Markit U.S. services PMI expected unrevised at 58.5. Final-Aug Markit U.S. Composite PMI, prelim-Aug 58.8.
	1000 ET	Aug ISM non-manufacturing index expected -1.1 to 57.6, Jul +2.7 to 58.7.
	1100 ET	EIA Weekly Petroleum Status Report.
	1100 ET	Treasury announces amount of 3-year T-notes (previous $27 billion), 10-year T-notes (previous $24 billion) and 30-year T-bonds (previous $16 billion) to be auctioned Sep 9-11.
	1230 ET	Cleveland Fed President Loretta Mester speaks on the economic outlook and monetary policy to the Economic Club of Pittsburgh and the CFA Society Pittsburgh.
	1900 ET	Fed Governor Jerome Powell speaks to the Money Marketeers of New York.
	2015 ET	Dallas Fed President Richard Fisher delivers a speech to the U.S. India Chamber of Commerce.
	2100 ET	Minneapolis Fed President Narayana Kocherlakota participates in a town hall forum in Helena, MT.
GER	0200 ET	German Jul factory orders expected +1.5% m/m and +1.1% y/y, Jun -3.2% m/m and -2.4% y/y.
	0330 ET	German Aug Markit construction PMI, Jul 48.2.
UK	0700 ET	BOE announces interest rate decision and asset purchase target, expected no change to the 0.50% benchmark rate or to the 375 billion pound asset purchase target.
EUR	0745 ET	ECB announces interest rate decision.
	0830 ET	ECB President Mario Draghi speaks at press conference following ECB meeting.
JPN	n/a	BOJ announces interest rate decision and monetary base target.

U.S. STOCK CALENDAR09/04/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Joy Global Inc	JOY US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	0.825
VeriFone Systems Inc	PAY US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	0.351
Fastenal Co	FAST US	7:00	August 2014 Sales and Revenue Release	2014
L Brands Inc	LB US	7:30	August 2014 Sales and Revenue Call	2014
VeriFone Systems Inc	PAY US	8:30	Q3 2014 Earnings Call	Q3 2014
PVH Corp	PVH US	9:00	Q2 2015 Earnings Call	Q2 2015
Joy Global Inc	JOY US	11:00	Q3 2014 Earnings Call	Q3 2014
Landstar System Inc	LSTR US	14:00	Q3 2014 Guidance Call	Q3 2014
Cooper Cos Inc/The	COO US	16:00	Q3 2014 Earnings Release	Q3 2014	1.903
Cooper Cos Inc/The	COO US	17:00	Q3 2014 Earnings Call	Q3 2014
Humana Inc	HUM US		Investor Meeting - Day 2	Y 2014

Tesla Motors - Barchart's Chart of the Day

Tesla Motors (TSLA) is the Barchart Chart of the Day.  The electric vehicle company has a Trend Spotter buy signal, a Weighted Alpha of 83.70+ and gained 64.44% in the last year.

The Chart of the Day belongs to Tesla Motors (TSLA). I found the stock by sorting the All Time High list for the highest Barchart technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 8/1 the stock gained 20.54%.

Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components.

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

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 20.54% in the last month
• Relative Strength Index 76.59%
• BArchart computes a technical support level at 270.51
• Recently traded at 281.19 with a 50 day moving average of 240.56

Fundamental factors:

• Market Cap $34.89 billion
• Revenue expected to grow 56.00% this year and another 56.80% next year
• Earnings estimated to increase 37.20% this year an additional 213.10% next year and continue to increase at an annual rate of 49.60% for the next 5 years
• Wall Street analysts issued 3 strong buy, 6 buy, 6 hold and an under perform recommendation on the stock

We just may be near the top on this one.  Watch the 50 day moving average as a caution signals and exit at the 100 day moving average.

S&P 400 Mid Cap Winners

I wanted to find which S&P 400 Mid Cap stocks had the highest price appreciation in the past year.  I used Barchart to sort the Index for those winners.  I noticed that the winners weren't stocks that just jumped over night but each had a long and consistent pattern of hitting a series of new highs all during the year.

The list includes SunEdison (SUNE) 193.07%, RF Micro Devices (RFMD) 157.66%, Salix Pharmaceutical (SLXP) 137.53%, Trinity Industries (TRN) 135.24% and Skyworks Solutions (SWKS) 121.96%:

SunEdison (SUNE) 193.07%

Barchart technical indicators:

• 16% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 50 new highs and up 193.07% in the last year
• Relative Strength Index 47.89%
• Barchart computes a technical support level at 20.82
• Recently traded at 21.78 with a 50 day moving average of 21.92

RF Micro Devices (RFMD) 157.66%

Bachart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 63 new highs and up 157.66% in the last year
• Relative Strength Index 71.37%
• Barchart computes a technical support level at 12.28
• Recently traded at 12.84 with a 50 day moving average of 10.77

Salix Pharmaceuticals (SLXP) 137.53%

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 34 new highs and up 137.53% in the last month
• Relative Strength Index 72.14%
• Barchart computes a technical support level at 155.44
• Recently traded at 157.88 with a 50 day moving aerae of 137.61

Trinity Industries (TRN) 135.24%

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 54 new highs and up 135.24% in the last year
• Relative Strength Index 71.86%
• Barchart computes a technical support level at 47.95
• Recently traded at 50.20 with a 50 day moving average of 44.79

Skyworks Solutions (SWKS) 121.96%

Barchart technical indicators:

• 98% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 55 new highs and up 121.96% in the last month
• Relative Strength Index 67.34%
• Barchart computes a technical support level at 55.46
• Recently traded at 56.12 with a 50 day moving average of 51.23

BARCHART MORNING CALL 9/3

BARCHART MORNING CALL

Wednesday, September 3rd, 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 +0.30%) this morning are up +0.41% at a fresh record high and European stocks are up +1,24% at a 1-3/4 month high after Russia and Ukraine discussed steps toward a cease fire. European stocks also gained on speculation the ECB may add to stimulus measures when it meets Thursday after Eurozone Jul retail sales and Aug services growth slowed more than expected. The ruble strengthened and Russia's Micex Stock Index surged over 2% after Ukraine President Poroshenko and Russian President Putin discussed the steps needed for an immediate cease-fire in the contested eastern Ukraine region of Donbass. Asian stocks closed mostly higher: Japan +0.38%, Hong Kong +2.30%, China +0.94%, Taiwan +0.54%, Australia -0.04%, Singapore +0.62%, South Korea -0.13%, India +0.45%. China's Shanghai Stock Index rose to a 1-1/4 year high after the China Aug non-manufacturing index showed growth picked up and Japan's Nikkei Stock Index advanced to a 7-1/4 month high led by a rally in exporters after the yen fell to a 7-3/4 month low against the dollar, which boosts the prospects for exporters' earnings. Commodity prices are mixed. Oct crude oil (CLV14 +1.09%) is up +0.93%. Oct gasoline (RBV14 +1.29%) is up +1.26%. Dec gold (GCZ14 +0.36%) is up +0.24%. Dec copper (HGZ14 -0.43%) is down -0.29% at a 2-week low on signs of increased global supplies after LME copper inventories jumped +7,000 MT to a 1-1/4 month high. Agriculture prices are lower with Dec corn down -0.62% at a 3-week low and Nov soybeans down -0.51% at a 1-week low after the weekly USDA Crop Progress report released late yesterday showed crop conditions improved over the past week. Livestock prices are higher. The dollar index (DXY00 -0.18%) is down -0.15%. EUR/USD (^EURUSD) is up +0.11%. USD/JPY (^USDJPY) is up +0.02% at a 7-3/4 month high. Dec T-note prices (ZNZ14 -0.25%) are down -10.5 ticks at a 3-week low.
Eurozone Jul retail sales fell -0.4% m/m, weaker than expectations of -0.3% m/m and the largest decline in 7 months. On an annual basis, Jul retail sales rose +0.8% y/y, less than expectations of +0.9% y/y.
The Eurozone Aug Markit composite PMI was revised lower to 52.5 from the previously reported 52.8, the slowest pace of expansion in 8 months.
The German Aug Markit services PMI was revised lower to 54.9 from the originally reported 56.4.
The UK Aug Markit/CIPS services PMI unexpectedly rose +1.4 to 60.5, better than expectations of -0.6 to 58.5 and the fastest pace of expansion in 10 months.
The China Aug non-manufacturing PMI rose +0.2 to 54.4.

U.S. STOCK PREVIEW

The market is expecting today’s Aug total vehicle sales report to edge higher to 16.50 million units from 16.40 million units in July. The market is expecting today’s July factory orders report to show a sharp increase of +10.8%, adding to June’s increase of +1.1%. The markets will be assessing today’s Fed Beige Book to gauge the prospects for the U.S. economy going into autumn and winter. There are four of the Russell 1000 companies that report earings today: Navistar (consensus -$0.71), Toll Brothers (0.45), H&R Block (-0.39), PVH Corp (1.43).
Equity conferences during the remainder of this week include: Citi Global Technology Conference on Tue-Thu, Barclays CEO Energy-Power Conference on Tue-Thu, Cowen Global Transportation & Aerospace Defense Conference on Wed, Barrington Research Fall Investment Conference on Wed, Brean Capital Global Tech Conference on Wed, FBR Inaugural Healthcare Conference on Wed, Goldman Sachs Global Retailing Conference on Wed, Drexel Hamilton Telecom, Media, and Technology Conference on Wed-Thu, KBW Insurance Conference on Wed-Thu, Robert W. Baird & Co Health Care Conference on Wed-Thu, Barclays Back to School Conference on Wed-Fri, Vertical Research Partners Industrial Conference on Wed-Fri, Mizuho Investment Conference on Thu, Bloomberg Sports Business Summit on Thu, Citi Biotech Conference on Thu, Nomura Digital Media Conference on Thu, Renewable Energy India Expo 2014 on Thu, and Scotia Capital, Inc Financial Summit on Thu.

OVERNIGHT U.S. STOCK MOVERS

Kohl's (KSS +0.54%) was upgraded to 'Buy' from 'Hold' at Maxim.
According to DigiTimes, Samsung (SSNLF -1.67%) has offered price cuts for its 7 and 10-inch tablets while Lenovo (LNVGY +3.11%) has reduced the price for its 8 and 10-inch entry level tablets.
Bank of America (BAC +1.12%) was downgraded to 'Neutral' from 'Buy' at Nomura.
American Tower (AMT +0.18%) Was downgraded to 'Equal Weight' from 'Overweight' at Morgan Stanley.
Cinemark (CNK +1.30%) was upgraded to 'Buy' from 'Hold' at Stifel.
C.H. Robinson (CHRW +0.16%) was downgraded to 'Hold' from 'Buy' at Stifel.
Toll Brothers (TOL +0.11%) reported Q3 EPS of 53 cents, higher than consensus of 45 cents.
Helen of Troy (HELE +1.60%) fell over 9% in after-hours trading after it lowered guidance on its fiscal 2015 revenue estimate, ex-Healthy Directions, to $1.275 billion-$1.30 billion, below consensus of $1.39 billion.
A Capital Management reported an 18.1% passive stake in Achillion (ACHN +6.05%) .
Concur Technologies (CNQR +0.57%) jumped over 14% in after-hours trading after Bloomberg reported that the company has explored selling itself and is said to have approached SAP and Oracle to gauge interest.
Eminence Capital reported a 5.1% passive stake in Zynga (ZNGA +4.15%) .
Crown Castle International (CCI +0.03%) rose over 1% in after-hours trading after it announced that it received a favorable private letter from the Internal Revenue Service with respect to Crown Castle's real property and rents from real property, respectively, under the rules governing real estate investment trusts, or REITS.

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 +0.30%) this morning are up +8.25 points (+0.41%) at a fresh record high. The S&P 500 Index on Tuesday fell back from a new record high and closed slightly lower: S&P 500 -0.05%, Dow Jones -0.18%, Nasdaq +0.32%. Bearish factors included (1) concern about slowing global economic growth after the Eurozone Aug Markit manufacturing PMI was revised slightly lower to 50.7 from 50.8, the slowest pace of expansion in 13 months, and after the China Aug manufacturing PMI fell -0.6 to 51.1, a larger decline than expectations of -0.5 to 51.2, and (2) concern that the unexpected +1.9 point increase in the Aug ISM manufacturing index to a 3-1/3 year high of 59.0 will prompt the Fed to raise interest rates sooner than expected.
Dec 10-year T-notes (ZNZ14 -0.25%) this morning are down -10.5 ticks at a 3-week low. Dec 10-year T-note futures prices on Tuesday slipped to a 1-week low and closed lower. Negative factors included (1) speculation the Fed may be nearer to raising interest rates after the Aug ISM manufacturing index unexpectedly expanded at the fastest pace in 3-1/3 years, and (2) reduced safe-haven demand for T-notes after the S&P 500 posted a new record high. Closes: TYZ4 -17.50, FVZ4 -9.75.
The dollar index (DXY00 -0.18%) this morning is down -0.123 (-0.15%). EUR/USD (^EURUSD) is up +0.0015 (+0.11%) and USD/JPY (^USDJPY) is up +0.02 (+0.02%) at a 7-3/4 month high. The dollar index on Tuesday jumped to a 13-1/2 month high and closed higher. Bullish factors included (1)optimism in the U.S. economic outlook after the Aug ISM manufacturing index unexpectedly expanded at the fastest pace in 3-1/3 years, (2) weakness in EUR/USD which slumped to an 11-3/4 month low on speculation the ECB will expand easing measures at Thursday’s policy meeting, and (3) weakness in the yen after USD/JPY surged to a 7-1/2 month high on speculation that Japan’s Government Pension Investment Fund, the world’s largest pool of retirement savings, will reduce holdings of Japanese assets in favor of foreign holdings. Closes: Dollar index +0.244 (+0.33%), EUR/USD unch, USD/JPY +1.084 (+1.04%).
Oct WTI crude oil (CLV14 +1.09%) this morning is up +86 cents (+0.93%) and Oct gasoline (RBV14 +1.29%) is up +0.321 (+1.26%). Oct crude and gasoline prices on Tuesday closed sharply lower with Oct crude at a 1-week low and Oct gasoline at a 10-month nearest-futures low: CLV4 -3.08 (-3.21%), RBV4 -0.0711 (-2.71%). Bearish factors included (1) the rally in the dollar index to a 13-1/2 month high, (2) the larger-than-expected decline in the China Aug manufacturing PMI, which signals reduced energy demand in China, the world’ second-largest crude consumer, and (3) the increase in OPEC Aug crude oil production to 31.033 million bpd, the most in a year.

GLOBAL EVENT CALENDAR09/03/2014

US	0700 ET	Weekly MBA mortgage applications, previous +2.8% with purchase sub-index +2.6% and refi sub-index +2.8%.
	0945 ET	Aug New York ISM, Jul +7.6 to 68.1.
	1000 ET	Jul factory orders expected +11.0%, Jun +1.1%.
	1400 ET	Fed Beige Book.
	n/a	Aug total vehicle sales expected 16.60 million, Jul 16.40 million. Aug domestic vehicle sales expected 13.20 million, Jul 12.95 million.
GER	0355 ET	Revised German Aug Markit services PMI, previous 56.4.
EUR	0400 ET	Revised Eurozone Aug composite PMI, previous -1.0 to 52.8.
	0500 ET	Eurozone Jul retail sales expected -0.3% m/m and +0.9% y/y, Jun +0.4% m/m and +2.4% y/y.
	0500 ET	Revised Eurozone Q2 GDP, previous unch q/q and +0.7% y/y.
UK	0430 ET	UK Aug Markit/CIPS services PMI, Jul 59.1.

U.S. STOCK CALENDAR09/03/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Navistar International Corp	NAV US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	-0.714
Toll Brothers Inc	TOL US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	0.453
Navistar International Corp	NAV US	9:00	Q3 2014 Earnings Call	Q3 2014
Ford Motor Co	F US	9:30	August 2014 Sales and Revenue Release	2014
Ford Motor Co	F US	10:00	August 2014 Sales and Revenue Call	2014
Toll Brothers Inc	TOL US	14:00	Q3 2014 Earnings Call	Q3 2014
H&R Block Inc	HRB US	16:30	Q1 2015 Earnings Call	Q1 2015
H&R Block Inc	HRB US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	-0.387
PVH Corp	PVH US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	1.428
Humana Inc	HUM US		Investor Meeting - Day 1	Y 2014
Leucadia National Corp	LUK US		Investor Day	Y 2014

Whiting Petroleum - Barchart's Chart of the Day

Whiting Pertoleum (WLL) is the Barchart Chart of the Day. The independent oil and gas company has a Trend Spotter buy signal, a Weighted Alpha of 84.50+ and gained 79.05% in the last year,

The Chart of the Day belongs to Whiting Petroleum (WLL).  I found the stock by sorting the All Time High list for the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 8/25 the stock gained 1.91%.

Whiting Petroleum is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States.

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


Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 5.45% in the last month
• Relative Strength Index 65.86%
• Barchart computes a technical support level at 89.35
• Recently traded at 92.66 with a 50 day moving average of 85.11

Fundamental factors:

• Market Cap $11.02 billion
• P/E 19.58
• Revenue expected to grow 19.90% this year and another 55.10% next year
• Earnings estimated to increase 26.50% this year, an additional 15.60% next year and continue to increase at an annual rate of 16.26% for the next 5 years
• Wall Street analysts issued 13 strong buy, 14 buy and 5 hold recommendations on the stock.

Watch the 50 and 100 day moving averages for caution and sell signals.