Friday, October 17, 2014

Anacor Pharmaceuticals - Barchart's Chart of the Day

Anacor Pharmaceuticals (ANAC) is the Barchart Chart of the Day.  The drug stock has a Trend Spotter buy signal, a Weighted Alpha of 103.93+ and gained 138.25% in the last year.

The Chart of the Day belongs to Anacor Pharmaceuticals (ANAC).  I found the stock near the top of the All Time High list after I sorted for the stocks with the best technical buy signals and used the Flipchart feature to review the charts. Since the Trend Spotter signaled another buy on 10/16 the stock gained another 3.39%.

ANAC is a biopharmaceutical company engaged in discovery, development and commercialization of novel small-molecule therapeutics derived from its boron chemistry platform. Its three lead product candidates include two topically administered dermatologic compounds-AN2690, an antifungal for the treatment of onychomycosis, and AN2728, an anti-inflammatory for the treatment of psoriasis, as well as a systemic antibiotic for the treatment of infections caused by Gram-negative bacteria-GSK2251052. Additionally, the Company also develops topical antifungal product for the treatment of onychomycosis and skin fungal infections, topical anti-inflammatory product for the treatment of psoriasis and atopic dermatitis.


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
  • 3 new highs and up 2.88% in the last month
  • Relative Strength Index 65.13%
  • Barchart computes a technical support level at 22.87
  • Recently traded at 25.65 with a 50 day moving average of 22.96
Fundamental factors.
  • Market Cap $1.07 billion
  • Revenue expected to decrease 15.30% this year but grow again by 28.20% next year
  • Earnings estimated to shrink 214.30% this year but increase again by 14.30% next year
  • I know these numbers are not impressive but Wall Street analysts issued 3 strong buy and a buy recommendation on the stock
The trading strategy that has worked best on this stock is the 50 day moving average.  I'd use that until we see better results from a different trading strategy.
Posted by Jim Van Meerten at No comments:
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BAC, CSCO, C - caution and sell signals

Here are 3 popular stocks with sell or caution signals:

Bank of America (BAC)


Barchart technical indicators:
  • 8% technical buy signals
  • Trend Spotter sell signal
  • Below its 20 but above its 50 and 100 day moving averages
  • 9.21% off its recent high
  • Relative  Strength Index 46.70%
  • Barchart computes a technical support level at 15.22
  • Recently traded at 16.37 with a 50 day moving average of 16.25

Barchart technical indicators:
  • 88% technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 10.87% off its recent high
  • Relative Strength Index 34.00%
  • Barchart computes a technical support level at 22.30
  • Recently traded at 23.32 which is below its 50 day moving average of 24.70


Barchart technical indicators:
  • 16% Technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 8.70% off its recent high
  • Relative Strength Index 45.68%
  • Barchart computes a technical support level at 48.10
  • Recently traded at 50.41 which is below its 50 day moving average of 51.30







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BARCHART MORNING CALL 10/17

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 +1.43%) this morning are up +1.30% and European stocks are up +1.53% as Italian and Spanish government bonds gained on the prospects of additional ECB stimulus. ECB Executive Board member Coeure said the central bank will start "within the next days" to purchase assets in the new program to support the economy. A rally in European automakers also supported stock gains after Eurozone car sales last month rose by the most in 6 months. Asian stocks closed mixed: Japan -1.40%, Hong Kong +0.53%, China -0.11%, Taiwan -1.40%, Australia +0.32%, Singapore +0.43%, South Korea -1.22%, India +0.42%. China's Shanghai Stock Index fell to a 3-week low on speculation that a trading link that would allow the equivalent of $1.7 billion in daily net purchases of Hong Kong shares and $2.1 billion for Shanghai stocks will be delayed. Japan's Nikkei Stock Index fell to a 4-1/2 month low as exporters weakened on concern a global economic slowdown will reduce exporters' profits. Commodity prices are mixed. Nov crude oil (CLX14 +1.54%) is up +1.75%. Nov gasoline (RBX14 +1.02%) is up +1.09%. Dec gold (GCZ14 -0.31%) is down -0.34%. Dec copper (HGZ14 +0.13%) is down -0.27% at a fresh 7-month low on signs of increased supplies after weekly Shanghai copper inventories surged +14,465 MT to a 2-1/4 month high of 97,235 MT. Agriculture and livestock prices are mixed with Dec hogs down -1.02% at an 8-month nearest-futures low on demand concerns. The dollar index (DXY00 -0.12%) is down -0.07%. EUR/USD (^EURUSD) is up +0.05%. USD/JPY (^USDJPY) is up +0.20%. Dec T-note prices (ZNZ14 -0.24%) are down -13.5 ticks as a rally in U.S. and European stocks reduces the safe-haven demand for T-notes.
Eurozone Aug construction output rose +1.5% m/m, the biggest increase in 8 months. On an annual basis, Aug construction output fell -0.3% y/y.
Eurozone Sep new car registrations rose +6.4% y/y to 1.236 million units, the largest increase in 6 months.
U.S. STOCK PREVIEW
Today’s Sep housing starts report is expected to show an increase of +5.1% to 1.005 million, reversing part of the sharp -14.4% drop to 956,000 seen in August from the 6-1/2 year high of 1.117 million units posted in July. Today’s early-Oct U.S. consumer confidence index from the University of Michigan is expected to fall mildly by -0.6 points to 84.0, reversing part of the +2.1 gain to the 1-1/4 year high of 84.6 seen in September.
There are 11 of the S&P 500 companies that report earnings today with notable reports including: Morgan Stanley (consensus $0.54), GE (0.37), Honeywell (1.41), M&T Bank (1.97), Huntington Bancshares (0.19), SunTrust Banks (0.79), Bank of New York Mellon (0.61), Textron (0.52), Comerica (0.79), Kansas City Southern (1.26), Parker-Hannifin (1.67). There are no equity conferences today.
OVERNIGHT U.S. STOCK MOVERS
Morgan Stanley (MS -0.25%) reported Q3 EPS of 65 cents, much better than consensus of 54 cents.
Comerica (CMA +1.23%) reported Q3 EPS of 74 cents, less than consensus of 79 cents.
Honeywell International (HON +1.50%) reported Q3 EPS of $1.47, higher than consensus of $1.41.
General Electric (GE -0.12%) reported Q3 EPS of 38 cents, better than consensus of 37 cents.
Kindred Healthcare (KND +0.73%) reported a 14.6% stake in Gentiva Health (GTIV +0.36%) .
Crown Holdings (CCK +2.33%) reported Q3 ex-items EPS of $1.36, stronger than consensus of $1.21.
Urban Outfitters (URBN -0.37%) tumbled over 10% in after-hours trading after it said that its Q3 gross profit margin may weaken due to lower than expected sales.
Xilinx (XLNX +2.42%) gained 4% in European trading after it reported Q2 EPS of 62 cents, better than consensus of 55 cents.
Advanced Micro Devices (AMD +1.15%) fell over 6% in after-hours tradig after it reported Q3 adjusted EPS of 3 cents, less than consensus of 4 cents.
Point72 Asset reported a 5.2% passive stake in Lumber Liquidators (LL +0.93%) .
Capital One (COF -0.86%) reported Q3 EPS of $1.86, weaker than consensus of $1.94.
SanDisk (SNDK +1.14%) declined nearly 5% in after-hours trading after it reported Q3 EPS of $1.45, higher than consensus of $1.33, but reported Q3 revenue of $1.75 billion, below consensus of $1.77 billion.
Google (GOOG -1.04%) fell almost 2% in after-hours trading after it reported Q3 EPS of $6.35, below consensus of $6.53.
Stryker (SYK -0.35%) reported Q3 adjusted EPS of $1.15, better than consensus of $1.14.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 +1.43%) this morning are up sharply by +24.00 points (+1.30%). The S&P 500 index on Thursday closed little changed: S&P 500 +0.01%, Dow Jones -0.15%, Nasdaq -0.55%. Bullish factors included (1) the unexpected -23,000 decline in weekly unemployment claims to a 14-1/2 year low of 264,000, (2) the +1.0% increase in Sep industrial production, more than twice expectations of +0.4% and the largest gain in 1-3/4 years, and (3) comments from St. Louis Fed President Bullard that the Fed should consider delaying the end of its bond purchases to halt a decline in inflation expectations.
Dec 10-year T-notes (ZNZ14 -0.24%) this morning are down -13.5 ticks. Dec 10-year T-note futures prices on Thursday closed lower. Closes: TYZ4 -16.50, FVZ4 -9.25. Bearish factors included (1) the unexpected decline in U.S. weekly unemployment claims to their lowest in 14-1/2 years, and (2) reduced safe-haven demand for T-notes after stocks recovered from sharp losses and closed higher.
The dollar index (DXY00 -0.12%) this morning is down -0.057 (-0.07%). EUR/USD (^EURUSD) is up +0.0006 (+0.05%). USD/JPY (^USDJPY) is up +0.21 (+0.20%). The dollar index on Thursday closed lower after St. Louis Fed President Bullard said that the Fed should consider delaying the end of its bond purchases to halt a decline in inflation expectations. Closes: Dollar index -0.192 (-0.23%), EUR/USD -0.00282 (-0.22%), USD/JPY +0.418 (+0.39%). EUR/USD closed lower on European sovereign debt concerns after the 10-year Greek bond yield roses to a 10-month high of 8.69% on concern the government won’t be able to fund itself if it sticks to plans to leave an international bailout program early.
Nov WTI crude oil (CLX14 +1.54%) this morning is up +$1.45 a barrel (+1.75%) and Nov gasoline (RBX14 +1.02%) is up +0.0241 (+1.09%). Nov crude rebounded from a 2-1/3 year low and Nov gasoline recovered from a 3-3/4 year low and closed higher. Closes: CLX4 +0.92 (+1.12%), RBXX4 +0.0660 (+3.07%). Bullish factors included (1) the -3.99 million bbl drop in weekly EIA gasoline supplies to 205.67 million bbl, a 1-3/4 year low, and (2) short-covering after crude prices fell more than $15 a barrel (-16%) over the past 2 weeks. Bearish factors included (1) the +8.92 million bbl increase in weekly EIA crude inventories, more than expectations of +2.5 million bbl, and (2) the +0.9% increase in U.S. crude production in the week ended Oct 10 to 8.95 million bpd, a new 29-1/4 yr high.
GLOBAL EVENT CALENDAR10/17/2014
US0830 ETFed Chair Janet Yellen speaks at a Boston Fed conference on inequality of economic opportunity in the U.S.
0830 ETSep housing starts expected +5.4% to 1.008 million, Aug -14.4% to 956,000. Sep building permits expected +2.7% to 1.030 million, Aug -5.1% to 1.003 million.
0830 ETUSDA weekly Export Sales.
0955 ETPreliminary U.S. Oct University of Michigan consumer confidence expected -0.6 to 84.0, Sep +2.1 to 84.6.
EUR0200 ETEurozone Sep new car registrations, Aug +2.1% y/y.
0500 ETEurozone Aug construction output, Jul unch m/m and +0.4% y/y.
U.S. STOCK CALENDAR10/17/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Honeywell International IncHON USBef-mktQ3 2014 Earnings ReleaseQ3 20141.411
M&T Bank CorpMTB USBef-mktQ3 2014 Earnings ReleaseQ3 20141.974
Huntington Bancshares Inc/OHHBAN US5:55Q3 2014 Earnings ReleaseQ3 20140.189
SunTrust Banks IncSTI US6:00Q3 2014 Earnings ReleaseQ3 20140.79
Bank of New York Mellon Corp/TheBK US6:30Q3 2014 Earnings ReleaseQ3 20140.614
Textron IncTXT US6:30Q3 2014 Earnings ReleaseQ3 20140.52
General Electric CoGE US6:30Q3 2014 Earnings ReleaseQ3 20140.373
Comerica IncCMA US6:40Q3 2014 Earnings ReleaseQ3 20140.794
Morgan StanleyMS US7:15Q3 2014 Earnings ReleaseQ3 20140.538
Bank of New York Mellon Corp/TheBK US8:00Q3 2014 Earnings CallQ3 2014
Schlumberger LtdSLB US8:00Q3 2014 Earnings CallQ3 2014
Comerica IncCMA US8:00Q3 2014 Earnings CallQ3 2014
SunTrust Banks IncSTI US8:00Q3 2014 Earnings CallQ3 2014
Textron IncTXT US8:00Q3 2014 Earnings CallQ3 2014
Kansas City SouthernKSU US8:00Q3 2014 Earnings ReleaseQ3 20141.261
General Electric CoGE US8:30Q3 2014 Earnings CallQ3 2014
Kansas City SouthernKSU US8:45Q3 2014 Earnings CallQ3 2014
Honeywell International IncHON US9:30Q3 2014 Earnings CallQ3 2014
Morgan StanleyMS US10:00Q3 2014 Earnings CallQ3 2014
Citigroup IncC US10:00Q3 2014 Earnings Call - Fixed IncomeC3 2014
Huntington Bancshares Inc/OHHBAN US10:00Q3 2014 Earnings CallQ3 2014
M&T Bank CorpMTB US11:00Q3 2014 Earnings CallQ3 2014
Parker-Hannifin CorpPH USQ1 2015 Earnings ReleaseQ1 20151.666
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Thursday, October 16, 2014

Straight Path Communications - Barchart's Chart of the Day

Straight Path Communications (STRP) is the Barchart Chart of the Day. The wireless communications company has a Trend Spotter buy signal, a Weighted Alpha of 266.70+ and gained 242.74% in the last year.

The Chart of the Day belongs to Straight Path Communications (STRP).  I found the stock by sorting the extremely short All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 9/3 the stock gained 116.41%

Straight Path Communications Inc. offers leases and markets fixed wireless spectrum licenses, through its subsidiary, primarily in the United States. The company provides spectrum leasing and related services to telecommunications providers and other companies as well as point-to-point and point-to-multipoint wireless broadband digital telecommunications services to its customers.


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 signals
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 110.86% in the last month
  • Relative Strength Index 80.69%
  • Barchart computes a technical support level at 15.13
  • Recently traded at 20.81 with a 50 day moving average of 11.57
Fundamental Factors:
  • Market Cap $229.45 million
  • At the present time no Wall Street analysts are making predictions on this stock
  • Only a dozen individual investors on Motley Fool are following this stock
  • This is a purely technical play and should be treated as such
his stock at present has no following so very, very closely monitor the 50 day moving average for weakness and bail immediately if it drops below its 100 day moving average.
Posted by Jim Van Meerten at No comments:
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BARCHART MORNING CALL 10/16

BARCHART MORNING CALL 

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 -1.19%) this morning are down -1.31% and European stocks are down -2.04% at a 13-1/4 month low as global stocks continue their downside correction. Greek government bonds plunged as the 10-year Greek bond yield surged 81 bp to a 9-month high of 8.66% on concern the government won't be able to fund itself adequately if it sticks to plans to leave an international bailout program early. Spain's 10-year government bond yield jumped 23 bp to a 1-month high of 2.34% after it sold 3.2 billion euros of 10-year and 15-year debt, less than a target of 3.5 billion euros. The S&P 500 had recovered from a 6-month low late yesterday and traded higher early in the overnight electronic session after Fed Chair Yellen told a private meeting of the Group of 30 that "she expressed confidence" in the U.S. economic outlook and the economy looked to be on track to achieve growth of around 2%, according to two people familiar with her comments. Asian stocks closed mostly lower: Japan -2.22%, Hong Kong -1.03%, China -0.79%, Taiwan -0.25%, Australia +0.18%, Singapore -1.39%, South Korea -0.44%, India -1.33%. Japanese banks and exporters tumbled and led the overall market lower as the Nikkei Stock Index fell to a 4-1/2 month low, while China's Shanghai Stock Index erased gains and closed lower after a gauge of new credit rose less than expected. Commodity prices are mostly lower. Nov crude oil (CLX14 -1.80%) is down -1.91%. Nov gasoline (RBX14 -0.21%) is down -0.29%. Dec gold (GCZ14 -0.14%) is down -0.17%. Dec copper (HGZ14 -1.40%) is down -1.68% at a 7-month low on global demand concerns amid increasing supplies after LME copper inventories surged +3,025 MT to a 2-3/4 month high of 157,675 MT. Agriculture and livestock prices are mostly lower. The dollar index (DXY00 +0.06%) is up +0.14%. EUR/USD (^EURUSD) is down -0.76%. USD/JPY (^USDJPY) is down -0.26% as the global stock market rout boosts the safe-haven demand of the yen. Dec T-note prices (ZNZ14 +0.53%) are up +21.5 ticks.
China Sep new yuan loans rose +857.2 billion yuan, more than expectations of +750.0 billion yuan, Sep aggregate financing, China's broadest measure of new credit, rose +1.05 trillion yuan, a 3-month high but slightly less than expectations of +1.15 trillion yuan.
China Sep foreign direct investment unexpectedly rose +1.9% y/y, better than expectations of -14.0% y/y and the first increase in 3 months.
Eurozone Sep CPI rose +0.4% m/m, right on expectations and on an annual basis was left unrevised at +0.3% y/y. The Sep core CPI was revised upward to +0.8% y/y from the originally reported +0.7% y/y.
U.S. STOCK PREVIEW
The market is expecting today’s weekly unemployment claims report to show small changes and remain favorable, near recent 8-1/2 year lows. The market is looking for a favorable Sep industrial production report today after August’s weak report. The market is expecting today’s Oct NAHB housing market index to be unchanged from September’s 8-3/4 year high of 59.
There are 22 of the S&P 500 companies that report earnings today with notable reports including: Goldman Sachs (consensus $3.21), Google (6.53), Capital One (1.94), Fifth Third (0.43), Schlumberger (1.46), Baxter (1.31), UnitedHealth Group (1.53), Delta Air (1.18), PPG Industries (2.76). Equity conferences during the remainder of this week include: Bloomberg Next Big Thing Summit: East on Thu, and 5th Annual Global Automotive Forum on Thu.
OVERNIGHT U.S. STOCK MOVERS
Mattel (MAT -0.39%) reported Q3 EPS of 98 cents, below consensus of $1.02.
Fifth Third Bancorp (FITB -3.48%) reported Q3 EPS of 39 cents, less than consensus of 43 cents.
Baxter International (BAX -0.76%) reported Q3 EPS of $1.35, better than consensus of $1.31.
UnitedHealth Group (UNH -0.80%) reported Q3 EPS of $1.63, higher than consensus of $1.53.
Goldman Sachs (GS -0.82%) reported Q3 EPS of $4.57, well above consensus of $3.21.
Integrated Core Strategies reported a 4.9% passive stake in Dynegy (DYN -1.20%) .
HNI Corporation (HNI +0.39%) reported Q3 EPS of 81 cents, well above consensus of 71 cents, and then raised guidance on fiscal 2014 EPS view to $1.95-$2.00, better than consensus of $1.82.
Transocean (RIG +1.62%) said it received $610 million in new contracts since its September 22 fleet update.
United Rentals (URI +1.06%) rose over 2% in after-hours trading after it reported Q3 adjusted EPS of $2.20, higher than consensus of $2.08.
eBay (EBAY -0.69%) slipped over 2% in after-hours trading after it reported Q3 EPS of 68 cents, better than consensus of 67 cents, although Q3 revenue of $4.35 billion was below consensus of $4.37 billion. The company then lowered gidance on fiscal 2014 revenue to $17.85 billion - $17.95 billion, weaker than consensus of $18.15 billion.
Las Vegas Sands (LVS +1.19%) reported Q3 EPS of 84 cents, lower than consensus of 85 cents.
American Express (AXP -2.19%) reported Q3 EPS of $1.40, higher than consensus of $1.36.
Netflix (NFLX -0.12%) plunged over 20% in after-hours trading after it reported Q3 EPS of 96 cents, better than consensus of 93 cents, but then said its sees Q4 EPS of only 44 cents, well below consensus of 85 cents.
Universal Forest (UFPI +4.29%) reported Q3 EPS of 96 cents, weaker than consensus of 99 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 -1.19%) this morning are down -24.25 points (-1.31%). The S&P 500 index on Wednesday slumped to a 6-month low and closed lower. S&P 500 -0.81%, Dow Jones -1.06%, Nasdaq -0.64%. Bearish factors included (1) economic concerns after U.S. Sep retail sales ex-autos unexpectedly fell -0.2%, weaker than expectations of +0.2%, and (2) a fall in airline stocks on concern over the spread of the Ebola virus after a second health-care worker tested positive for the virus and flew on a commercial flight the day before. Stocks recovered from their worst levels on the upbeat Fed Beige Book.
Dec 10-year T-notes (ZNZ14 +0.53%) this morning are up +21.5 ticks. Dec 10-year T-note futures prices on Wednesday rallied sharply to a contract high and the yield on the 10-year T-note yield plummeted to a 1-1/3 year low of 1.862%. Closes: TYZ4 +1-4.00/32, FVZ4 +22.75. Bullish factors include (1) weaker-than-expected U.S. economic data on Sep retail sales and Oct Empire manufacturing that fueled massive capitulation by short-positions as the weak global economic data virtually eliminates the chance of a Fed rate hike in the first half of 2015, and (2) carry-over support from a rally in German bunds to a record high as the 10-year German bund yield tumbled to an all-time low of 0.719%.
The dollar index (DXY00 +0.06%) this morning is up +0.121 (+0.14%). EUR/USD (^EURUSD) is down -0.0098 (-0.76%). USD/JPY (^USDJPY) is down -0.28 (-0.26%). The dollar index on Wednesday fell to a 3-week low and closed lower. Closes: Dollar index -0.675 (-0.79%), EUR/USD +0.01802 (+1.42%), USD/JPY -1.136 (-1.06%). Bearish factors included (1) U.S. economic concerns that dampened speculation the Fed will raise interest rates anytime soon after Sep retail sales fell more than expected, and (2) strength in the yen after USD/JPY rose to a 5-week high as the slump in stocks boosted safe-haven demand for the yen.
Nov WTI crude oil (CLX14 -1.80%) this morning is down -$1.56 (-1.91%) and Nov gasoline (RBX14 -0.21%) is down -0.0063 (-0.29%). Nov crude and Nov gasoline prices on Wednesday closed lower with Nov crude at a 2-1/3 year low and Nov gasoline at a 3-3/4 year low. Closes: CLX4 -0.06 (-0.07%), RBXX4 -0.0315 (-1.44%). Bearish factors included (1) weaker-than-expected U.S. economic data on Sep retail sales and Oct Empire manufacturing activity, and (2) expectations for Thursday’s weekly EIA crude inventories to increase +2.5 million bbl. Prices rose from their worst levels after the dollar index tumbled to a 3-week low.
GLOBAL EVENT CALENDAR10/16/2014
US0800 ETPhiladelphia Fed President Charles Plosser speaks on the economic outlook to the Lehigh Valley Economic Development Group.
0830 ETWeekly initial unemployment claims expected +3,000 to 290,000, previous -1,000 to 287,000. Weekly continuing claims expected -1,000 to 2.380 million, previous -21,000 to 2.381 million.
0900 ETAtlanta Fed President Dennis Lockhart speaks at a conference at Rutgers University on Transforming U.S. Workforce Development Policies for the 21st Century.
0915 ETSep industrial production expected +0.4% m/m, Aug -0.1% m/m. Sep manufacturing production expected +0.3% m/m, Aug -0.4% m/m. Sep capacity utilization expected +0.2 to 79.0%, Aug -0.3 to 78.8%.
1000 ETMinneapolis Fed President Narayana Kocherlakota delivers a speech titled Clarifying the Objectives of Monetary Policy at an event in Billings, MT.
1000 ETOct Philadelphia Fed manufacturing index expected -2.8 to 19.7, Sep -5.5 to 22.5.
1000 ETOct NAHB housing market index expected unch at 59, Sep +4 to 59.
1100 ETEIA Weekly Petroleum Status Report.
1100 ETTreasury announces amount of 30-year TIPS to be auctioned Oct 23.
EUR0500 ETRevised Eurozone Sep CPI, Sep prelim +0.4% y/y. Revised Sep core CPI, Sep prelim +0.7% y/y.
0500 ETEurozone Aug trade balance (sa) expected 13.3 billion euros, July 12.2 billion euros.
U.S. STOCK CALENDAR10/16/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
PPG Industries IncPPG USBef-mktQ3 2014 Earnings ReleaseQ3 20142.757
Delta Air Lines IncDAL USBef-mktQ3 2014 Earnings ReleaseQ3 20141.176
BB&T CorpBBT US5:45Q3 2014 Earnings ReleaseQ3 20140.717
Danaher CorpDHR US6:00Q3 2014 Earnings ReleaseQ3 20140.892
UnitedHealth Group IncUNH US6:00Q3 2014 Earnings ReleaseQ3 20141.529
Mattel IncMAT US6:00Q3 2014 Earnings ReleaseQ3 20141.02
Baker Hughes IncBHI US6:30Q3 2014 Earnings ReleaseQ3 20141.131
Fifth Third BancorpFITB US6:30Q3 2014 Earnings ReleaseQ3 20140.429
Baxter International IncBAX US7:00Q3 2014 Earnings ReleaseQ3 20141.309
Philip Morris International IncPM US7:00Q3 2014 Earnings ReleaseQ3 20141.334
Snap-on IncSNA US7:00Q3 2014 Earnings ReleaseQ3 20141.618
Dover CorpDOV US7:00Q3 2014 Earnings ReleaseQ3 20141.313
Goldman Sachs Group Inc/TheGS US7:30Q3 2014 Earnings ReleaseQ3 20143.214
WW Grainger IncGWW US7:30Q3 2014 Earnings ReleaseQ3 20143.287
Alliance Data Systems CorpADS US7:30Q3 2014 Earnings ReleaseQ3 20143.307
Navient CorpNAVI US8:00Q3 2014 Earnings CallQ3 2014
BB&T CorpBBT US8:00Q3 2014 Earnings CallQ3 2014
Danaher CorpDHR US8:00Q3 2014 Earnings CallQ3 2014
WW Grainger IncGWW US8:00Q3 2014 Earnings CallQ3 2014
Baker Hughes IncBHI US8:30Q3 2014 Earnings CallQ3 2014
Baxter International IncBAX US8:30Q3 2014 Earnings CallQ3 2014
Alliance Data Systems CorpADS US8:30Q3 2014 Earnings CallQ3 2014
Mattel IncMAT US8:30Q3 2014 Earnings CallQ3 2014
UnitedHealth Group IncUNH US8:45Q3 2014 Earnings CallQ3 2014
Philip Morris International IncPM US9:00Q3 2014 Earnings CallQ3 2014
Fifth Third BancorpFITB US9:00Q3 2014 Earnings CallQ3 2014
Goldman Sachs Group Inc/TheGS US9:30Q3 2014 Earnings CallQ3 2014
Snap-on IncSNA US10:00Q3 2014 Earnings CallQ3 2014
Dover CorpDOV US10:00Q3 2014 Earnings CallQ3 2014
Delta Air Lines IncDAL US10:00Q3 2014 Earnings CallQ3 2014
United Rentals IncURI US11:00Q3 2014 Earnings CallQ3 2014
Apple IncAAPL US11:30Special Media Event
PPG Industries IncPPG US14:00Q3 2014 Earnings CallQ3 2014
Stryker CorpSYK US16:00Q3 2014 Earnings ReleaseQ3 20141.138
People's United Financial IncPBCT US16:00Q3 2014 Earnings ReleaseQ3 20140.211
Capital One Financial CorpCOF US16:05Q3 2014 Earnings ReleaseQ3 20141.941
Xilinx IncXLNX US16:20Q2 2015 Earnings ReleaseQ2 20150.556
Google IncGOOGL US16:30Q3 2014 Earnings CallQ3 2014
Stryker CorpSYK US16:30Q3 2014 Earnings CallQ3 2014
Capital One Financial CorpCOF US17:00Q3 2014 Earnings CallQ3 2014
Xilinx IncXLNX US17:00Q2 2015 Earnings CallQ2 2015
SanDisk CorpSNDK US17:00Q3 2014 Earnings CallQ3 2014
People's United Financial IncPBCT US17:00Q3 2014 Earnings CallQ3 2014
Schlumberger LtdSLB USAft-mktQ3 2014 Earnings ReleaseQ3 20141.461
Google IncGOOGL USAft-mktQ3 2014 Earnings ReleaseQ3 20146.533
SanDisk CorpSNDK USAft-mktQ3 2014 Earnings ReleaseQ3 20141.332
Pfizer IncPFE USFDA Adcomm, Chantix, risk of serious neuropsychiatric adverse events
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Tuesday, October 14, 2014

Heartland Payment Systems - Barchart's Chart of the Day

Heartland Payment Systems (HPY) is the Barchart Chart of the Day.  The financial transaction services stock has a Trend Spotter buy signal, a Weighted Alpha of 27.10+ and gained 25.30% in the last year.

The Chart of the Day is Heartland Payment Services (HPY).  I found the stock by sorting the All Time High list for the best technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled another buy on 10/8 the stock gained 2.88%.

Heartland Payment Systems, Inc. provides bank card-based payment processing services to small- and medium- sized merchants in the United States. Heartland facilitates the exchange of information and funds between merchants and cardholders' financial institutions, providing end-to- end electronic payment processing services to merchants, including merchant setup and training, transaction authorization and electronic draft capture, clearing and settlement, merchant accounting, merchant assistance and support and risk management.


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
  • 9 new highs and up 7.63% in the last month
  • Relative Strength Index 69.55%
  • Barchart computes a technical support level at 50.14
  • Recently traded at 51.97 with a 50 day moving average of 48.19
Fundamental factors:
  • Market Cap $1.85 billion
  • P/E 23.89
  • Dividend yield .68%
  • Revenue expected to grow 9.90% this year and another 15.80% next year
  • Earnings estimated to increase 2.20% this year, an additional 26.20% next year and continue to compound at an annual rate of 15.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 5 buy and 12 hold recommendation on the stock
The market got frothy and has let some air put.  This stock seems unaffected but I'd still use the 50 and 100 day moving averages as my disciplined exit point.
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Microsoft, Johnson and Johnson, Ford - Sell Signals

Everyday I try to post some of the most popular stocks in the Van Meerten Stock Picks column.  Today Micorsoft (MSFT), Johnson & Johnson (JNJ) and Ford (F) all have technical sell signals:

Microsoft (MSFT)


Barchart technical indicators:
  • 48% technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 8.24% off its recent high
  • Relative Strength Index 34.94%


Barchart technical indicators:
  • 56% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 8.87% off its recent high
  • Relative Strength Index 32.59%
Ford (F)


Barchart technical indicators:
  • 96% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 25.88% below its recent high
  • Relative Strength Index 15.12%






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BARCHART MORNING CALL 10/14

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 +0.12%) this morning are up +0.19% as the market awaits Q3 company earnings results, while European stocks are down -1.26% at an 8-month low after the German Oct ZEW investor confidence fell for a 10th month to a nearly 2-year low and UK Sep inflation slowed to a 5-year low. Asian stocks closed mostly lower: Japan -2.38%, Hong Kong -0.41%, China -0.34%, Taiwan +0.65%, Australia +1.01%, Singapore -0.24%, South Korea +0.12%, India -0.13%. Japan's Nikkei Stock Index slid to a 2-month low as a drop in exporters led the overall market lower after the yen strengthened to a 1-month high against the dollar, which undercuts exporters' earnings prospects. Commodity prices are mixed. Nov crude oil (CLX14 -1.18%) is down -1.22%. Nov gasoline (RBX14 -1.32%) is down -1.33%. Dec gold (GCZ14 +0.50%) is up +0.26%. Dec copper (HGZ14 +0.33%) is up +0.67% at a 2-week high on speculation China will lower borrowing costs to spur economic growth after the PBOC cut the interest rate it pays lenders for 14-day repurchase agreements for the second time in a month. Agriculture and livestock prices are mostly lower. The dollar index (DXY00 +0.21%) is up +0.27%. EUR/USD (^EURUSD) is down -0.78%. USD/JPY (^USDJPY) is up +0.03%. Dec T-note prices (ZNZ14 +0.39%) are up +9.5 ticks at a fresh contract high as the 10-year T-note yield tumbled to a 1-1/4 year low of 2.194% on carry-over support from a rally in German bunds which rallied to an all-time high as the 10-year German bund yield fell to a record low 0.846%.
The German Oct ZEW expectations of economic growth survey fell -10.5 to -3.6, a bigger decline than expectations of -6.9 to 0 and the lowest in 23 months. The Oct ZEW current situation survey slumped -22.2 to 3.2, a much bigger decline than expectations of -10.4 to 15.0 and the lowest in 4-1/3 years.
Eurozone Aug industrial production fell -1.8% m/m and -1.9% y/y, more than expectations of -1.6% m/m and -0.9% y/y, with the -1.8% m/m decline the largest monthly drop in 2 years.
UK Sep CPI was unch m/m and rose +1.2% y/y, less than expectations of +0.2% m/m and +1.4% y/y, with the +1.2% y/y gain the slowest pace of increase in 5 years. Sep core CPI rose +1.5% y/y, less than expectations of +1.8% y/y and the slowest pace of increase in 5-1/2 years.
Japan Sep PPI fell -0.1% m/m and rose +3.5% y/y, slightly less than expectations of -0.1% m/m and +3.6% y/y.
U.S. STOCK PREVIEW
There are no U.S. economic reports today.  There are 7 of the S&P 500 companies that report earnings today:  JPMorgan Chase (consensus $1.39), Citigroup (1.12), Wells Fargo (1.02), Intel (0.65), Johnson & Johnson (1.44), CSX (0.48), Linear Technology (0.58).  Equity conferences during the remainder of this week include:  Bio Japan 2014 on Wed, Bloomberg Next Big Thing Summit: East on Thu, and 5th Annual Global Automotive Forum on Thu.
OVERNIGHT U.S. STOCK MOVERS
JPMorgan Chase (JPM -0.62%) reported Q3 EPS of $1.62, well ahead of consensus of $1.39.
Netflix (NFLX -2.99%) was upgraded to 'Buy' from 'Hold' with a $600 price target at target at BTIG.
BorgWarner (BWA -3.12%) and Delphi Automotive (DLPH -3.40%) were both upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Ford (F -1.81%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Wynn Resorts (WYNN -1.85%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.
Corning (GLW -2.92%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.
EOG Resources (EOG -6.76%) was upgraded to 'Outperform' from 'Market Perform' at Bernstein.
Cigna (CI -1.00%) was downgraded to 'Neutral' from 'Buy' at Sterne Agee.
Barclays downgraded both Tyco (TYC -1.17%) and Eaton (ETN -1.10%) to Equal Weight from Overweight.
S&P late yesterday announced changes to the S&P MidCap 400 and S&P SmallCap 600 indexes. In the S&P MidCap 400 index, Tanger Factory Outlet Centers (SKT +1.42%) will replace URS Corp. (URS -1.11%). In the S&P SmallCap 600 index, American Equity Investment Life Holding Co. (AEL +4.30%) will replace Tanger Factory Outlet Centers (SKT +1.42%) and AngioDynamics (ANGO +5.57%) will replace Annie's (BNNY unch).
Lululemon's (LULU -3.15%) Q3 sales are tracking below consensus, according to ITG Research.
Iliad announced that it has ended its plan to acquire T-Mobile (TMUS -2.50%).
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 +0.12%) this morning are up +3.50 points (+0.19%). The S&P 500 index on Monday extended the month-long sell-off and closed sharply lower, with the S&P 500 index posting a new 5-month low. S&P 500 -1.65%, Dow Jones -1.35%, Nasdaq -1.62%. Bearish factors include (1) ongoing concern about weaker European and Asian economic growth, (2) the Ebola scare after the first case of transmission within American borders occurred over the weekend, (3) heavy technical selling as the S&P 500 index fell to a new 5-month low and crossed below its 200-day moving average, and (4) ideas that the stock market had previously been overvalued.
Dec 10-year T-notes (ZNZ14 +0.39%) this morning are up +9.5 ticks at a fresh contact high. Dec 10-year T-note futures prices on Monday rallied sharply and posted a new contract high. Closes: TYZ4 +23, FVZ4 +16.5. Bullish factors include (1) expectations for delayed Fed tightening due to slower global economic growth, and (2) increased safe-haven demand with the plunge in global stocks.
The dollar index (DXY00 +0.21%) this morning is up +0.228 (+0.27%). EUR/USD (^EURUSD) is down -0.0099 (-0.78%). USD/JPY (^USDJPY) is up +0.03 (+0.03%). The dollar index on Monday continued lower as the market pushed back expectations for Fed tightening due to the weakness in global economic growth and the sharp sell-off in the stock market. Closes: Dollar index -0.38 (-0.44%), EUR/USD +0.0124 (+0.98%), USD/JPY -0.80 (-0.74%). Meanwhile, the yen saw some strength on safe-haven demand.
Nov WTI crude oil (CLX14 -1.18%) this morning is down -$1.05 a barrel (-1.22%). and Nov gasoline (RBX14 -1.32%) is down -0.0300 (-1.33%). Nov crude and Nov gasoline prices on Monday extended the recent plunge and closed lower. Closes: CLX4 -0.62 (-0.72%), RBXX4 -0.0137 (-0.61%). Crude oil and gasoline prices continued to see downward pressure from worries about weaker global economic growth, and from the price war among OPEC members. OPEC leaders over the weekend rejected Venezuela’s call for an emergency meeting to discuss production cuts, illustrating that Saudi Arabia is not interested in cutting production at present.
GLOBAL EVENT CALENDAR10/14/2014
US1100 ETUSDA weekly grain export inspections.
1600 ETUSDA weekly crop progress.
UK0430 ETUK Sep CPI expected +0.2% m/m and +1.4% y/y, Aug +0.4% m/m and +1.5% y/y. Sep core CPI expected +1.8% y/y, Aug +1.9% y/y.
0430 ETUK Sep RPI expected +0.3% m/m and +2.3% y/y, Aug +0.4% m/m and +2.4% y/y. Sep RPI ex-mortgage interest payments expected +2.4% y/y, Aug +2.5% y/y.
0430 ETUK Sep PPI input prices expected -0.5% m/m and -6.7% y/y, Aug 0.6% m/m and -7.2% y/y. Sep PPI output prices expected -0.1% m/m and -0.3% y/y, Aug -0.1% m/m and -0.3% y/y. Sep PPI output core expected unch m/m and +0.9% y/y, Aug +0.1% m/m and +0.9% y/y.
0430 ETUK Aug ONS house prices, Jul +11.7% y/y.
GER0500 ETGerman Oct ZEW survey expectations of economic growth expected 0.0, Sep 6.9. Oct ZEW survey current situation expected 15.0, Sep 25.4.
EUR0500 ETEurozone Aug industrial production expected -1.6% m/m and -0.9% y/y, Jul +1.0% m/m and +2.2% y/y.
CHI2130 ETChina Sep CPI expected +1.7% y/y, Aug +2.0% y/y. Sep PPI expected -1.6% y/y, Aug -1.2% y/y.
U.S. STOCK CALENDAR10/14/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
JPMorgan Chase & CoJPM US7:00Q3 2014 Earnings ReleaseQ3 20141.386
Domino's Pizza IncDPZ US7:30Q3 2014 Earnings ReleaseQ3 20140.612
Johnson & JohnsonJNJ US7:45Q3 2014 Earnings ReleaseQ3 20141.435
Wells Fargo & CoWFC US8:00Q3 2014 Earnings ReleaseQ3 20141.02
Citigroup IncC US8:00Q3 2014 Earnings ReleaseQ3 20141.117
JPMorgan Chase & CoJPM US8:30Q3 2014 Earnings CallQ3 2014
Johnson & JohnsonJNJ US8:30Q3 2014 Earnings CallQ3 2014
Procter & Gamble Co/ThePG US9:00Annual General MeetingY 2014
Mallinckrodt PLCMNK US9:00Investor BriefingY 2014
Wells Fargo & CoWFC US10:00Q3 2014 Earnings CallQ3 2014
Domino's Pizza IncDPZ US10:00Q3 2014 Earnings CallQ3 2014
Citigroup IncC US11:30Q3 2014 Earnings CallQ3 2014
Intel CorpINTC US17:00Q3 2014 Earnings CallQ3 2014
CSX CorpCSX USAft-mktQ3 2014 Earnings ReleaseQ3 20140.475
Intel CorpINTC USAft-mktQ3 2014 Earnings ReleaseQ3 20140.646
Linear Technology CorpLLTC USAft-mktQ1 2015 Earnings ReleaseQ1 20150.594
salesforce.com incCRM US19:30Investment Community Meeting - Day 2Y 2014
Carpenter Technology CorpCRS USAnnual General Meeting
JB Hunt Transport Services IncJBHT USQ3 2014 Earnings ReleaseQ3 20140.846
Brown & Brown IncBRO USQ3 2014 Earnings ReleaseQ3 20140.467
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