ACE Ltd. = Barchart's Chart of the Day

ACE Ltd (ACE) is the Barchart Chart of the Day. The property and casualty insurance stock has a Trend Spotter buy signal, a Weighted Alpha of 20.51+, gained 15.97% in the last year while paying a 2.25% dividend.

The Chart of the Day belongs to ACE Ltd. (ACE).  I found the stock by sorting the All Time High list for the stocks having the most frequent new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/24 the stock gained 8.58%.

ACE LTD. provides excess liability insurance for bodily injury, property damage, & wrongful advertising. ACE offers excess liability insurance for corporate directors and officers against wrongful acts and claims and satellite insurance for launch and in-orbit operations.

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
• 15 new highs and up 5.04% in the last month
• Relative Strength Index 81.43%
• Barchart computes a technical support level at 114.90
• Recent traded at 116.07 with a 50 day moving average of 108.97

Fundamental factors:

• Market Cap $38.56 billion
• P/E 11.90
• Dividend yield 2.25%
• Revenue expected to increase 4.80% this year and another 3.70% next year
• Earnings estimated to compound annually at the rate of 5.13% for the next 5 years
• Wall Street analysts issued 4 strong buy, 12 buy and 9 hold recommendations on the stock

There hasn't been a consistently accurate  technical trading strategy for this stock so I would use a 10% off the most recent high as an exit point.

BARCHART MORNING CALL 12/5

BARCHART MORNING CALL

Friday, December 5th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ14 +0.10%) this morning are up +0.08% ahead of U.S. Nov payrolls data and European stocks are up +1.63% after German Oct factory orders exceeded expectations. Stocks also rose and European government bonds rallied, with Italy's 10-year bond yield falling to a record low 1.948%, on speculation the ECB was preparing a package of asset purchases. According to 2 central bank officials familiar with the deliberations, the ECB Governing Council expects to consider a proposal for broad-based asset purchases including sovereign debt at the next meeting on Jan 22. European stocks gained despite the action by the Bundesbank to cut its German GDP and inflation forecasts for this year and next. Asian stocks closed mixed: Japan +0.19%, Hong Kong +0.71%, China +0.66%, Taiwan -0.20%, Australia -0.62%, Singapore +0.59%, South Korea +0.07%, India -0.37%. Japan's Nikkei Stock Index advanced to a 7-1/3 year high as exporters rallied as the yen weakened past 120 yen per dollar for the first time in 7-1/3 years. China's Shanghai Stock Index climbed to a new 3-1/2 year high and is up +9.5% this week amid speculation the PBOC will cut reserve-requirement ratios for banks after lowering interest rate for the first time in 2 years in an attempt to revive economic growth. Commodity prices are mostly lower. Jan crude oil (CLF15 -0.72%) is down -0.99%. Jan gasoline (RBF15 -0.91%) is down -1.08%. Feb gold (GCG15 -0.60%) is down -0.46%. Mar copper (HGH15 +0.55%) is up +0.65%. Agriculture prices are weaker. The dollar index (DXY00 +0.19%) is up +0.20%. EUR/USD (^EURUSD) is down -0.23%. USD/JPY (^USDJPY) is up +0.73% at a fresh 7-1/3 year high. Mar T-note prices (ZNH15 -0.06%) are down -2.5 ticks.
In its biannual report, the Bundesbank cut its 2014 German GDP forecast to +1.4% from a Jun estimate of +1.9% and lowered its 2015 GDP forecast to +1.0% from +2.0%. The Bundesbank also lowered its German 2014 inflation forecast to +0.9% from a Jun projection of +1.1% and cut its 2015 inflation forecast to +1.1% from +1.5%.
German Oct factory orders rose +2.5% m/m and +2.4% y/y, much more than expectations of +0.5% m/m and unch y/y and the strongest in 3 months.
Eurozone Q3 GDP was left unrevised at +0.2% q/q and +0.8% y/y.
The Japan Oct leading index CI fell -1.6 to 104.0, a slightly bigger decline than expectations of -1.5 to 104.1 and the lowest in 1-3/4 years. The Oct coincident index rose +0.4 to 110.2, a larger increase than expectations of +0.2 to 110.0 and the highest in 5 months.

U.S. STOCK PREVIEW

Today’s Nov payroll report is expected to show an increase of +230,000, which would be a bit better than October’s report of +214,000. Today’s Nov unemployment rate is expected to be unchanged from October’s 6-1/3 year low of 5.8%. Today’s Oct U.S. trade deficit is expected to narrow to -$41.2 billion from -$43.0 billion in September. Today’s Oct factory orders report is expected to show a decline of -0.2%, adding to the -0.6% decline seen in September. Today’s Oct consumer credit report is expected to show another strong increase of +$16.5 billion following the September increase of +$15.924 billion. There is only 1 of the Russell 1000 companies that reports earnings today: Big Lots (consensus $-0.05). There are no equity conferences today.

OVERNIGHT U.S. STOCK MOVERS

Tyson Foods (TSN -1.93%) was upgraded to 'Conviction Buy' from 'Buy' at Goldman Sachs.
AMC Entertainment (AMC +1.02%) was downgraded to 'Neutral' from 'Buy' at B. Riley.
IntercontinentalExchange (ICE +0.32%) was downgraded to 'Neutral' from 'Buy' at Citigroup.
Thor Industries (THO -5.68%) was downgraded to 'Neutral' from 'Buy' at SunTrust.
Big Lots (BIG -1.22%) reported a Q3 EPS loss of -6 cents, a bigger loss than consensus of -5 cents.
Vodafone (VOD -1.04%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Cormorant Global Healthcare reported a 8.94% passive stake in Quotient (QTNT -0.17%) .
Fiat Chrysler (FCAU -2.51%) slid over 3% in after-hours trading after it filed to sell $2.5 billion of mandatory convertible securities due 2016.
Gabelli reported a 12.37% stake in Cincinnati Bell (CBB -0.88%) .
Synaptics (SYNA -1.15%) soared over 7% in after-hours trading after it raised guidance on Q2 revenue view to $440 million-$460 million from $415 million-$450 million, above consensus of $433.12 million.
Northrop Grumman (NOC -0.80%) announced a new $3 billion share repurchase authorization, and then the company was upgraded to 'Conviction Buy' from 'Buy' at Goldman Sachs.
Ulta Salon (ULTA +0.85%) climbed over 5% in after-hours trading after it reported Q3 EPS of 91 cents, higher than consensus of 84 cents.
Cooper Companies (COO -0.45%) dropped over 2% in after-hours trading after it reported Q4 EPS of $1.95, less than consensus of $2.03, and then lowered guidance on fiscal 2015 EPS view to $7.30-$7.70 from $8.20-$8.60, well below consensus of $8.24.
American Eagle (AEO -3.83%) reported Q3 adjusted EPS of 22 cents, right on consensus, although Q3 revenue of $854 million was above consensus of $845.95 million.
The Gap (GPS -0.10%) jumped over 2% in after-hours trading after it reported November same-store-sales of $1.72 billion, up 6% y/y.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ14 +0.10%) this morning are up +1.75 points (+0.08%). The S&P 500 index on Thursday closed lower: S&P 500 -0.12%, Dow Jones -0.07%, Nasdaq -0.02%. Bearish factors included (1) disappointment the ECB didn’t expand stimulus after ECB President Draghi said the ECB will reassess the effects of existing monetary stimulus “early next year,” and (2) the ECB’s cut in its Eurozone 2014-2016 GDP forecasts. Stocks rebounded from their worst levels after two Eurozone central-bank officials familiar with the deliberations said the ECB was planning for a broad-based asset purchase program next month that includes purchases of sovereign debt.
Mar 10-year T-notes (ZNH15 -0.06%) this morning are down -2.5 ticks. Mar 10-year T-note futures prices on Thursday rebounded from a 1-week low and closed higher: TYH5 +7.00, FVH5 +3.25. Supportive factors included (1) European economic concerns after the ECB lowered its Eurozone GDP and inflation forecasts for 2014-2016, and (2) increased safe-haven demand for T-notes as stocks retreated.
The dollar index (DXY00 +0.19%) this morning is up +0.176 (+0.20%). EUR/USD (^EURUSD) is down -0.0028 (-0.23%). USD/JPY (^USDJPY) is up +0.87 (+0.73%) at a 7-1/3 year high. The dollar index on Thursday retreated from a 5-1/2 year high and closed lower. Closes: Dollar index -0.252 (-0.28%), EUR/USD +0.00679 (+0.55%), USD/JPY unch. The main bearish factor was short-covering in EUR/USD which rebounded from a 2-1/4 year low after ECB President Draghi said policy makers will wait until next quarter to assess whether additional stimulus measures are required. USD/JPY soared to a 7-1/3 year high after the Nikkei and Yomiuri newspapers reported that Prime Minister Abe’s Liberal Democratic Party will boost its majority at the Dec 14 election, which will give Abe a mandate to continue his inflationary and yen-negative fiscal policies.
Jan WTI crude oil (CLF15 -0.72%) this morning is down -66 cents (-0.99%) and Jan gasoline (RBF15 -0.91%) is down -0.0193 (-1.08%). Jan crude and Jan gasoline on Thursday closed lower. Closes: CLF5 -0.57 (-0.85%), RBF5 -0.0112 (-0.68%). Bearish factors included (1) comments from an unnamed person from the Saudi Oil Ministry who said Saudi Arabia has no target for crude prices and will let the market decide at what level oil should trade for now, and (2) the ECB’s cut in its Eurozone 2014 and 2015 GDP forecasts, which signals reduced energy consumption and demand.

GLOBAL EVENT CALENDAR12/05/2014

US	0830 ET	Nov non-farm payrolls expected +230,000, Oct +214,000. Nov private payrolls expected +225,000, Oct +209,000. Nov manufacturing payrolls expected +15,000, Oct +15,000. Nov unemployment rate expected unch at 5.8%.
	0830 ET	Nov avg hourly earnings expected +0.2% m/m and +2.1% y/y, Oct +0.1% m/m and +2.0% y/y. Nov avg weekly hours all-employees expected unch at 34.6 hours.
	0830 ET	Oct trade balance expected -$41.2 billion, Sep -$43.0 billion.
	0845 ET	Cleveland Fed President Loretta Mester gives keynote address at the Office of Financial Research 2014 Financial Stability Conference in Washington D.C.
	1000 ET	Oct factory orders expected unch, Sep -0.6%.
	1445 ET	Fed Vice Chairman Stanley Fischer speaks via video to an IMF conference in Washington D.C. on Fiscal Affairs, Past and Future.
	1500 ET	Oct consumer credit expected +$16.450 billion, Sep +$15.924 billion.
JPN	0000 ET	Japan Oct leading index CI expected -1.5 to 104.1, Sep 105.6. Oct coincident index expected +0.2 to 110.0, Sep 109.8.
GER	0200 ET	German Oct factory orders expected +0.5% m/m and unch y/y, Sep +0.8% m/m and -1.0% y/y.
UK	0430 ET	BOE quarterly inflation expectations, Aug +2.8%.
EUR	0500 ET	Revised Eurozone Q3 GDP, previous +0.2% q/q and +0.8% y/y.

U.S. STOCK CALENDAR12/05/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Sonoco Products Co	SON US	7:50	Investor Meeting	Y 2014
Big Lots Inc	BIG US	8:00	Q3 2015 Earnings Call	Q3 2015
Illinois Tool Works Inc	ITW US	9:00	Investor and Analyst Day	Y 2014
Sigma-Aldrich Corp	SIAL US	10:00	Extraordinary Shareholders Meeting - M&A Vote	Y 2014
JDS Uniphase Corp	JDSU US	12:00	Annual General Meeting	Y 2014
Big Lots Inc	BIG US		Q3 2015 Earnings Release	Q3 2015	-0.053
Twenty-First Century Fox Inc	FOXA US		U.S. Box Office Release of Movie The Pyramid""
Public Service Enterprise Group Inc	PEG US		Investor Meeting	Y 2014
Actavis plc	ACT US		FDA Adcomm, ceftazidime/avibactam, urinary tract and intra-abdominal infections
Incyte Corp	INCY US		PDUFA, Jakafi, polycythemia vera (PV)
Premier Inc	PINC US		Annual General Meeting

Ingredion - Barchart's Chart of the Day

Ingredion (INGR) is the Barchart chart of the Day. The grain products company has a Trend Spotter buy signal, a Weighted Alpha of 25.70+, gained 21.26% in the last year while paying a 2.01% dividend.

The Chart of the Day is Ingredion (INGR).  I found the stock by sorting the All Time High list for the stocks that had the most frequent new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/31 the stock gained 8.70%.

Ingredion Incorporated is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. The Company serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. Its sweetener products include dextrose, glucose, polyols, HFCS and Maltodextrin. The Company's nutrition solutions include prebiotic fibers, resistant starch, soluble fibers and Inulin fibers. Its starch-based products include both industrial and food-grade starches.

 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:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 6.73% in the last month
• Relative Strength Index 73.30%
• Barchart computes a technical support level at 83.28
• Recently traded at 84.09 with a 50 day moving average of 77.54

Fundamental factors:

• Market Cap $6.30 billion
• P/E 15.87
• Dividend yield 2.01%
• Revenue expected to be down 9.50% this year but up again by 2.30% next year
• Earnings estimated to increase 7.30% this year, an additional 10.90% next year and continue to compound at an annual rate of 8.20% for the next 5 years
• Wall Street analysts issued 2 buy and 6 hold recommendations on the stock

Recently the 20 - 50 day MACD Oscillator has been the most consistent technical trading strategy for this stock and should be used as an exit point.

BARCHART MORNING CALL 12/4

BARCHART MORNING CALL

Thursday, December 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

December E-mini S&Ps (ESZ14 +0.10%) this morning are up +0.06% and European stocks are up +0.44% at a 2-1/2 month high ahead of the conclusion of the ECB meeting and comments from ECB President Draghi that may shed clues on the possibility the ECB expands asset purchases to include government bonds. As expected, the BOE at the conclusion of its 2-day policy meeting maintained its 0.50% benchmark interest rate and kept its asset purchase target at 375 billion pounds. Asian stocks closed higher: Japan +0.94%, Hong Kong +1.72%, China +4.61%, Taiwan +0.54%, Australia +0.88%, Singapore +0.04%, South Korea +0.96%, India +0.42%. Japan's Nikkei Stock Index climbed to a 7-1/3 year high as exporters rose as the rally in USD/JPY to a 7-1/3 year high boosts the earnings prospects of Japanese exporters. China's Shanghai Stock Index surged over 4% to a 3-1/2 year high spurred on by an influx of money from Chinese investors who have opened stock accounts at the fastest pace in 3 years. Commodity prices are mixed. Jan crude oil (CLF15 -0.50%) is unchanged. Jan gasoline (RBF15 -0.30%) is up +0.05%. Feb gold (GCG15 -0.39%) is down -0.53%. Mar copper (HGH15 +0.84%) is up +0.89%. Agriculture prices are lower. The dollar index (DXY00 +0.02%) is up +0.03% at a new 5-1/2 year high. EUR/USD (^EURUSD) is down -0.01% at a new 2-1/4 year low. USD/JPY (^USDJPY) is up +0.11% at a new 7-1/3 year high after the Nikkei and Yomiuri newspapers reported that Prime Minister Abe's Liberal Democratic Party will boost its majority at the Dec 14 election, which will give Abe a mandate to continue his reflationary, yen-negative, fiscal policies. Mar T-note prices (ZNH15 +0.02%) are up +1 tick.
The German Nov Markit construction PMI rose +2.0 to 53.5, the fastest pace of expansion in 9 months.
UK Nov Halifax house prices rose +0.4% m/m and +8.2% 3-mon/year-over-year, more than expectations of +0.3% m/m and +8.0% 3-mo/year-over-year.

U.S. STOCK PREVIEW

Today’s initial claims series is expected to show a -18,000 decline, reversing most of last week’s +21,000 increase to 313,000. The market is expecting today’s initial unemployment claims report to show a small +2,000 increase to 2.318 million following last week’s decline of -17,000 to the 14-year low of 2.316 million. There are 6 of the Russell 1000 companies that report earnings today: Kroger (consensus $0.61), Sears (-3.31), Dollar General (0.80), Toro (0.15), Cooper Companies (2.03), Ulta Salon (0.84), SandRidge Energy (0.04). Equity conferences during the remainder of this week include: Credit Suisse Technology Conference on Tue-Thu, Goldman Sachs Global Automotive Conference on Thu, and SEMICON Japan 2014 on Thu.

OVERNIGHT U.S. STOCK MOVERS

CSX (CSX +2.19%) was upgraded to 'Buy' from 'Neutral' at Citigroup.
Wal-Mart (WMT -1.69%) was downgraded to 'Neutral' from 'Buy' at UBS.
Gentex (GNTX +2.26%) was upgraded to 'Buy' from 'Hold' at KeyBanc.
Sears Holdings (SHLD +0.91%) reported a Q3 EPS loss of -$5.15, a much bigger loss than one estimate of -$3.31.
Royal Caribbean (RCL +1.39%) will replace Bemis (BMS +0.27%) in the S&P 500 as of today's close.
Costco (COST -0.26%) reported net sales of $9.43 billion for the month of November up +7% y/y.
Dollar General (DG -0.86%) reported Q3 EPS of 79 cents, below consensus of 80 cents.
Pfizer (PFE +0.57%) reported positive results from PROFILE 1014 study of anaplastic lymphoma kinase inhibitor XALKORI in previously untreated patients with ALK-positive advanced non-small cell lung cancer.
Synopsys (SNPS -0.30%) reported Q4 EPS of 64 cents, higher than consensus of 61 cents.
Avago (AVGO +3.18%) climbed over 5% in after-hours trading after it reported Q4 EPS of $1.99, well above consensus of $1.68.
Disney (DIS -0.39%) increased its annual dividend by 29 cents or 34% to $1.15 per share.
PVH Corp. (PVH +2.12%) slid nearly 2% in after-hours trading after it reported Q3 EPS of $2.56, better than consensus of $2.48, but then lowered guidance on fiscal 2014 EPs view to $7.25-$7.30 from $7.30-$7.40, below consensus of $7.37.
Guess (GES +1.28%) reported Q3 EPS of 24 cents, higher than consensus of 18 cents, but then lowered guidance on fiscal 2015 EPS view to $1.00-$1.10 from $1.05-$1.20, at the lower end of consensus of $1.10.
Aeropostale (ARO +3.91%) fell over 7% in after-hours trading after it reported a Q3 adjusted EPS loss of -45 cents, right on consensus, but then lowered guidance on Q4 EPS to a loss of -37 cents to -44 cents, a larger loss than consensus of -36 cents.
BHP Billiton (BHP +1.37%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.
Rio Tinto (RIO +2.25%) was downgraded to 'Underperform' from 'Buy' at BofA/Merrill Lynch.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ14 +0.10%) this morning are up +1.25 points (+0.06%). The S&P 500 index on Wednesday rose to a fresh all-time high and closed higher: S&P 500 +0.38%, Dow Jones +0.18%, Nasdaq +0.16%. Bullish factors included (1) carry-over support from a rally in European equities on speculation ECB President Draghi may announce additional stimulus measures when he speaks on Thursday, and (2) the +2.2 point increase in the U.S. Nov ISM non-manufacturing index, stronger than expectations of +0.4 to 57.5. Gains were limited after the Nov ADP employment change increased by +208,000, weaker than expectations of +222,000.
Mar 10-year T-notes (ZNH15 +0.02%) this morning are up +1 tick. Mar 10-year T-note futures prices on Wednesday fell to a 1-week low and closed lower: TYH5 -2.00, FVH5 -2.75. Bearish factors included (1) the larger-than-expected +2.2 point increase in the Nov ISM non-manufacturing index, which could push the Fed closer to raising interest rates, and (2) reduced safe-haven demand for T-notes as stocks rallied.
The dollar index (DXY00 +0.02%) this morning is up +0.029 (+0.03%) at a new 5-1/2 year high. EUR/USD (^EURUSD) is down -0.0001 (-0.01%) at a new 2-1/4 year low. USD/JPY (^USDJPY) is up +0.13 (+0.11%) at a fresh 7-1/3 year high. The dollar index on Wednesday soared to a 5-1/2 year high and closed higher. Closes: Dollar index +0.309 (+0.35%), EUR/USD -0.00719 (-0.58%), USD/JPY +0.582 (+0.49%). Bullish factors included (1) the larger-than-expected increase in the U.S. Nov ISM non-manufacturing index, which bolsters the case for the Fed to raise interest rates sooner rather than later, (2) weakness in EUR/USD which fell to a 2-1/4 year low after the Eurozone Nov Markit composite PMI was revised lower to its slowest pace of expansion in 16 months, and (3) the rally in USD/JPY to a 7-1/3 year high on expectations for the BOJ to expand stimulus while the Fed stands pat.
Jan WTI crude oil (CLF15 -0.50%) this morning is unchanged and Jan gasoline (RBF15 -0.30%) is up +0.0009 (+0.05%). Jan crude and Jan gasoline on Wednesday settled mixed. Closes: CLF5 +0.50 (+0.75%), RBF5 -0.0046 (-0.25%). Supportive factors included (1) the unexpected -3.69 million bbl decline in weekly EIA crude inventories, versus expectations of +1.75 million bbl, and (2) the -694,000 bbl draw in crude supplies at Cushing, OK, the delivery point for WTI futures, the first decline in 4 weeks. Bearish factors included (1) the +2.14 million bbl increase in weekly EIA gasoline stockpiles, more than expectations of +1.5 million bbl, and (2) the rally in the dollar index to a 5-1/2 year high.

GLOBAL EVENT CALENDAR12/04/2014

US	0730 ET	Nov Challenger job cuts, Oct +11.9% y/y.
	0830 ET	Weekly initial unemployment claims expected -18,000 to 295,000, previous +21,000 to 313,000. Weekly continuing claims expected +2,000 to 2.318 million, previous -17,000 to 2.316 million.
	0830 ET	USDA weekly Export Sales.
	0830 ET	Cleveland Fed President Loretta Mester gives opening remarks at the Office of Financial Research 2014 Financial Stability Conference in Washington D.C.
	1100 ET	Treasury announces the amount of 3-year T-notes (previous $26 billion), 10-year T-notes (previous $24 billion) and 30-year T-bonds (previous $16 billion) to be auctioned Dec 9-11.
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 holds press conference following ECB meeting.

U.S. STOCK CALENDAR12/04/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Kroger Co/The	KR US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.614
Sears Holdings Corp	SHLD US	6:00	Q3 2015 Earnings Release	Q3 2015	-3.31
Sears Holdings Corp	SHLD US	6:00	Q3 2015 Earnings Call	Q3 2015
Dollar General Corp	DG US	7:00	Q3 2015 Earnings Release	Q3 2015	0.797
L Brands Inc	LB US	7:30	November 2014 Sales and Revenue Call	2014
Toro Co/The	TTC US	8:30	Q4 2014 Earnings Release	Q4 2014	0.153
Humana Inc	HUM US	9:00	Investor Day	Y 2014
PVH Corp	PVH US	9:00	Q3 2015 Earnings Call	Q3 2015
Kroger Co/The	KR US	10:00	Q3 2015 Earnings Call	Q3 2015
Dollar General Corp	DG US	10:00	Q3 2015 Earnings Call	Q3 2015
Toro Co/The	TTC US	11:00	Q4 2014 Earnings Call	Q4 2014
Starbucks Corp	SBUX US	11:00	Investor Day	Y 2014
Alaska Air Group Inc	ALK US	12:00	Investor Day	Y 2014
United Rentals Inc	URI US	12:30	Investor and Analyst Day	Y 2014
Airgas Inc	ARG US	13:30	Analyst Meeting	Y 2014
Landstar System Inc	LSTR US	14:00	Q4 2014 Guidance Call	Q4 2014
Cooper Cos Inc/The	COO US	16:00	Q4 2014 Earnings Release	Q4 2014	2.031
Cooper Cos Inc/The	COO US	17:00	Q4 2014 Earnings Call	Q4 2014
Ulta Salon Cosmetics & Fragrance Inc	ULTA US	17:00	Q3 2015 Earnings Call	Q3 2015
Ulta Salon Cosmetics & Fragrance Inc	ULTA US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.838
Equifax Inc	EFX US		Investor Meeting - Chicago	Y 2014
Gap Inc/The	GPS US		November 2014 Sales and Revenue Release	2014
L Brands Inc	LB US		November 2014 Sales and Revenue Release	2014
Rite Aid Corp	RAD US		November 2014 Sales and Revenue Release	2014
Costco Wholesale Corp	COST US		November 2014 Sales and Revenue Release	2014
Myriad Genetics Inc	MYGN US		Annual General Meeting
SandRidge Energy Inc	SD US		Q3 2014 Earnings Release	Q3 2014	0.041

Equifax - Barchart's Chart of the Day

Equifax (EFX) is the Barchart Chart of the Day.  The financial transaction services company has a Trend Spotter buy signal, a Weighted Alpha of 21.70+, gained 21.41% in the last year while paying a 1.26% dividend.

The Chart of the Day is Equifax (EFX),  I found the company by sorting the All Time High list for the stocks hitting the most frequent new Highs in the last month, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a new buy on 10/28 the stock gained 7.43%.

Equifax is one of the leaders in facilitating and securing commerce by bringing buyers and sellers together world-wide through information, transaction processing and Internet businesses. Global operations include consumer and commercial credit information services, credit card marketing and processing services, check guarantee and authorization, software, modeling, database management, marketing solutions, analytics, direct to consumer services, and Internet identity verification and digital certificate 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:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 7.16% in the last month
• Relative Strength Index 74.22%
• Barchart computes a technical support level at 79.44
• Recently traded at 81.39 with a 50 day moving average of 75.73

Fundamental factors:

• Market Cap $9.81 billion
• P/E 21.70
• Dividend yield 1.26%
• Revenue expected to grow 5.80% this year and another 7.20% next year
• Earnings estimated to increase 7.80% this year, another 10.10% next year and continue to compound by 9.40% a year for the next 5 years
• Wall Street analysts issued 2 strong buy, 6 buy and 5 hold recommendations on the stock.

The price vs the 100 day moving average has been the best technical trading strategy on this stock recently and should be used for an exit point.

Express Scripts - Barchart's Chart of the Day

Express Scripts (ESRX) is the Barchart Chart of the Day.  The pharmaceutical benefits management stock has a Trend Spotter buy signal, a Weighted Alpha of 29.40+ and gained 25.50% in the last year.

The Chart of the Day belongs to Express Scripts (ESRX).  I found the stock by sorting the All Time High list for the stocks with the most frequent new highs in the last month then used the Flipchart feature to review the charts.  Since the Tend Spotter signaled a buy on 10/21 the stock gained 13.63%

Express Scripts, Inc. is one of the largest pharmacy benefit management companies in North America. Through facilities in the states and Canada, the company serves thousands of client groups, including managed care organizations, insurance carriers, third-party administrators, employers and union-sponsored benefit plans.

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
• 17 new highs and up 9.50% in the last month
• Relative Strength Index 88.53%
• Barchart computes a technical support level at 17.96
• Recently traded at 84.12 with a 50 day moving average of 75.15

Fundamental factors:

• Market Cap $62.71 billion
• P/E 17..96
• Revenue expected to be down 390% this year but increase again by 2.00% next year
• Earnings are estimated to increase 12.70% this year, an additional 11.70% next year and continue to increase at an annual rate of 13.50% for the next 5 years
• Wall Street analysts issued 7 strong buy, 10 buy and 8 hold recommendations on the stock

Recently the 50 day moving average vs price has been the best technical trading strategy for this stock and should be used to gauge an exit point.

The Best NASDAQ 100 stocks

Today I used Barchart to sort the NASDAQ 100 stocks to find which ones hit the most frequent highs in the last month.  I then used the Flipchart feature to reiew the charts.

Today's list includes Express Scripts (ESRX), Cisco Systems (CSCO), Analog Devices (ADI), Costco Wholesale (COST), Bed Bath & Beyond (BBBY):

Express Scripts (ESRX)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 9.62% in the last month
• Relative Strength Index 88.66%
• Barchart computes a technical support level at 82.35
• Recently traded at 84.36 with a 50 day moving average of 75.15

Cisco Systems (CSCO)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 14.06% in the last month
• Relative Strength Index 84.92%
• Barchart computes a technical support level at 27.23
• Recently traded at 27.87 with a 50 day moving average of 25.00

Analog Devices (ADI)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 10.89% in the last month
• Relative Strength Index 80.04
• Barchart computes a technical support level at 53.84
• Recently traded at 55.03 with a 50 day moving average of 48.82

Costco Wholesale (COST)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 7.15 in the last month
• Relative Strength Index 77.57%
• Barchart computes a technical support level at 140.14
• Recently traded at 142.98 with a 50 day moving average of 132.38

Bed Bath & Beyond (BBBY)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 7.90% in the last month
• Relative Strength Index 64.44%
• Barchart computes a technical support level at 71..96
• Recently traded at 72.78 with a 50 day moving average of 64.44

BARCHART MORNING CALL 12/2

BARCHART MORNING CALL

Tuesday, December 2nd, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ14 +0.23%) this morning are up +0.17% and European stocks are unchanged after falling back from a 2-1/4 month high as China led a rally in emerging markets on speculation a slowdown in growth will prod China into expanding stimulus. The Russian ruble held near a record low against the dollar on speculation Russia may enter its first recession since 2009 after Deputy Economy Minister Vedev said Russia 2015 GDP may contract -0.8%, weaker than previous projections of +1.2% growth. Asian stocks closed mostly higher: Japan +0.42%, Hong Kong +1.23%, China +3.69%, Taiwan -0.91%, Australia +1.41%, Singapore +0.50%, South Korea -0.07%, India -0.40%. China's Shanghai Stock Index climbed to a 3-1/3 year high on speculation the PBOC may be preparing the markets for additional stimulus after it refrained from draining funds from the financial system today. The PBOC halted sales of repos used to withdraw funds on Nov 27 for the first time in 4 months, and refrained again today after conducting operations every Tuesday and Thursday. Japan's Nikkei Stock Index rose to a 7-1/3 year high despite Moody's cut to Japan's credit rating yesterday on speculation the slide in crude oil to a 4-1/3 year low and with the plunge in the yen to a 7-1/3 year low against the dollar will boost the profits of Japanese exporters. Commodity prices are mostly lower. Jan crude oil (CLF15 -1.67%) is down -1.17%. Jan gasoline (RBF15 -1.24%) is down -0.98%. Feb gold (GCG15 -1.90%) is down -1.83%. Mar copper (HGH15 -1.10%) is down -1.35%. Agriculture prices are weaker. The dollar index (DXY00 +0.41%) is up +0.34%. EUR/USD (^EURUSD) is down -0.26%. USD/JPY (^USDJPY) is up +0.46%. Mar T-note prices (ZNH15 -0.12%) are down -4.5 ticks.
Eurozone Oct PPI fell -0.4% m/m, more than expectations of -0.3% m/m and the largest monthly decline in a year. On an annual basis, Oct PPI fell -1.3% y/y, right on expectations.
The UK Nov Markit/CIPS construction PMI fell -2.0 to 59.4, a bigger decline than expectations of -0.4 to 61.0 and the slowest pace of expansion in 13 months.
Japan Oct labor cash earnings rose +0.5% y/y, less than expectations of +0.8% y/y and the smallest increase in 8 months.

U.S. STOCK PREVIEW

Today’s Nov total vehicle sales report is expected to edge higher to 16.55 million units from 16.35 million units in October. Today’s Nov New York ISM index is expected to show a small +0.2 point increase to 55.0, recovering a bit after the sharp -8.9 point drop seen in October. There is one of the Russell 1000 companies that reports earnings today: Ascena Retail Group (consensus $0.26).
Equity conference this week include: Deutsche Bank BioFEST Conference on Mon-Tue, NASDAQ OMX Investor Program on Mon-Wed, Cowen Ultimate Energy Conference on Tue, Real Estate Mexico Forum on Tue, Bank of America Merrill Lynch Leveraged Finance Conference on Tue-Wed, Big Data & Analytics for Banking Summit on Tue-Wed, Citi Basic Materials Conference on Tue-Wed, Piper Jaffray Health Care Conference on Tue-Wed, Credit Suisse Global Industrials Conference on Tue-Wed, Credit Suisse Technology Conference on Tue-Thu, Goldman Sachs Global Automotive Conference on Thu, and SEMICON Japan 2014 on Thu.

OVERNIGHT U.S. STOCK MOVERS

Stryker (SYK +0.05%) was upgraded to 'Conviction Buy' from 'Buy' at Goldman Sachs.
Travelers (TRV -0.01%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.
Apache (APA -0.44%) was downgraded to 'Neutral' from 'Buy' at Mizuho.
Parker-Hannifin (PH -1.06%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Citigroup keeps a 'Buy' rating on FedEx (FDX -0.27%) as it raises ts price target on the stock to $210 from $190.
Walmart (WMT -1.51%) announced that Cyber Monday was the biggest online day in its history for orders.
Piper Jaffray reiterates an 'Overweight' rating on Electronic Arts (EA -1.78%) as it raises its price target on the stock to $47 from $44.
Xcel Energy (XEL +0.97%) was upgraded to 'Neutral' from 'Underweight' at JPMorgan Chase.
Cubic (CUB +2.70%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan Chase.
Avanir (AVNR +0.54%) will be acquired by Otsuka Pharmaceutical for $3.5 billion.
Royal Caribbean (RCL -1.97%) will replace Bemis (BMS +0.33%) in the S&P 500 as of the close of trading this Thursday.
Thor Industries (THO -1.58%) reported Q1 EPS of 73 cents, less than consensus of 81 cents.
Glenview Capital reported a 7.59% passive stake in PHH Corp. (PHH unch) .
Mattress Firm (MFRM -1.99%) reported Q3 EPS ex-items of 70 cents, right on consensus, although Q3 revenue of $464.3 million was better than consensus of $431.01 million.
Shoe Carnival (SCVL -3.16%) reported Q3 EPS of 54 cents, better than consensus of 48 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ14 +0.23%) this morning are up +3.50 points (+0.17%). The S&P 500 index on Monday fell to a 1-week low and closed lower: S&P 500 -0.68%, Dow Jones -0.29%, Nasdaq -1.15%. Bearish factors included (1) global economic concerns after the China Nov manufacturing PMI fell -0.5 to a 9-month low of 50.3 and after Eurozone Nov Markit manufacturing PMI was revised lower to a 17-month low of 50.1, and (2) a slide in retail stocks after a report from the National Retail Federation said that U.S. consumers spent -11% less than last year over the 4 days of Black Friday holiday sales.
Mar 10-year T-notes (ZNH15 -0.12%) this morning are down -4.5 ticks. Mar 10-year T-note futures prices on Monday fell back from a 5-week high and closed lower: TYH5 -4.00, FVH5 -1.75. The main bearish factor was the stronger-than-expected Nov ISM manufacturing index. T-notes had rallied early Monday on bullish factors that included (1) reduced inflation expectations after the 10-year U.S. break-even inflation expectations rate fell to the lowest level in 3 years, and (2) deflation concerns after the Nov ISM prices paid sub-index fell -9.0 to a 2-1/3 year low of 44.5.
The dollar index (DXY00 +0.41%) this morning is up +0.298 (+0.34%). EUR/USD (^EURUSD) is down -0.0032 (-0.26%). USD/JPY (^USDJPY) is up +0.54 (+0.46%). The dollar index on Monday fell back from a 4-1/3 year high and closed lower. Closes: Dollar index -0.410 (-0.46%), EUR/USD +0.00187 (+0.15%), USD/JPY -0.270 (-0.23%). Bearish factors included (1) strength in the yen after USD/JPY fell back from a 7-year high when Moody’s Investors Service downgraded Japan’s credit rating one notch to A1 from Aa3, and (2) a rally in the commodity currencies such as the Russian ruble and Australian dollar after crude oil prices recovered from a 4-1/3 year low and closed higher.
Jan WTI crude oil (CLF15 -1.67%) this morning is down -81 cents (-1.17%) and Jan gasoline (RBF15 -1.24%) is -0.0185 (-0.98%). Jan crude and Jan gasoline on Monday recovered from 4-1/4 year lows and closed sharply higher. Closes: CLF5 +2.85 (+4.31%), RBF5 +0.0572 (+3.13%). Bullish factors included (1) a weaker dollar, (2) the stronger-than-expected Nov ISM manufacturing index, which is positive for energy demand and consumption, and (3) fund short-covering after crude plunged over $14 a barrel (-18%) in the past week.

GLOBAL EVENT CALENDAR12/02/2014

US	0810 ET	Fed Vice Chairman Stanley Fischer speaks on a panel discussion at the 2014 Wall Street Journal CEO Council Annual Meeting.
	0945 ET	Nov ISM New York expected +0.2 to 55.0, Oct -8.9 to 54.8.
	1000 ET	Oct construction spending expected +0.6% m/m, Sep -0.4% m/m.
	n/a	Nov total vehicle sales expected 16.58 million, Oct 16.35 million. Nov domestic vehicle sales expected 13.30 million, Oct 13.12 million.
UK	0430 ET	UK Nov Markit/CIPS construction PMI expected -0.4 to 61.0, Oct 61.4.
EUR	0500 ET	Eurozone Oct PPI expected -0.3% m/m and -1.3% y/y, Sep +0.2% m/m and -1.4% y/y.
CHI	2000 ET	China Nov non-manufacturing PMI, Oct 53.8.

U.S. STOCK CALENDAR12/02/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Intel Corp	INTC US	7:30	Bloomberg Lunch With Intel's Director of IR (Trey Campbell)
Johnson Controls Inc	JCI US	8:00	Analyst Meeting - Strategic Review	Y 2014
UnitedHealth Group Inc	UNH US	8:00	Investor Conference	Y 2014
CH Robinson Worldwide Inc	CHRW US	8:30	Acquisition of Freightquote.com, Inc by C.H. Robinson Call
Ford Motor Co	F US	9:30	November 2014 Sales and Revenue Release	2014
Ford Motor Co	F US	10:00	November 2014 Sales and Revenue Call	2014
Ascena Retail Group Inc	ASNA US	16:00	Q1 2015 Earnings Release	Q1 2015	0.26
Ascena Retail Group Inc	ASNA US	16:30	Q1 2015 Earnings Call	Q1 2015
Kennametal Inc	KMT US		Investor Meeting - Day 2	Y 2014

Omnicom Group - Barchart's Chart of the Day

Omnicom Group (OMC) is the Barchart Chart of the Day.  The advertising and marketing services stock has a Trend Spotter buy signal, a Weighted Alpha of 11.40+, gained 8.16% in the last year while paying a 2.61% dividend.

The Chart of the Day belongs to Omnicom Group (OMC).  I found the stock by sorting the All Time High list for the stocks having the most frequent new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/24 the stock gained 9.99%.

Omnicom Group Inc. provides corporate communications services to clients worldwide on a global, pan-regional, national and local basis. The corporate communications services offered by the company include advertising in various media such as television, radio, newspaper, magazines, outdoor and the internet, as well as public relations, specialty advertising, direct response and promotional marketing, strategic media planning and buying, and internet and digital media development.

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:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 7.54% in the last month
• Relative Strength Index 80.44%
• Barchart computes a technical support level at 76.19
• Recently traded at 77.21 with a 50 day moving average of 70.62

Fundamental factors:

• Market Cap $19.39 billion
• P/E 18.38
• Dividend yield 2.61%
• Revenue expected to grow 4.90% this year and another 4.20% next year
• Earnings estimated to increase by 9.60% this year, an additional 9.30% next year and continue to compound at an annual rate of 7.25% for the next 5 years
• Wall Street analysts issued 1 strong buy, 5 buy, 11 hold, 1 under perform and 1 sell recommendation on the stock

The 50 day moving average vs price has been the most consistent technical trading strategy on this stock and should be used to signal an exit point