Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2015-04-05

Friday, April 10, 2015

AutoNation - Barchart's Chart of the Day

AutoNation (AN) is the Barchart Chart of the Day. The new and used auto retailer has a Trend Spotter buy signal, a Weighted Alpha of 27.30+ and gained 23.25% in the last year.

The Chart of the Day belongs to AutoNation (AN). I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals and then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 12/3 the stock gained 9.30%.

AutoNation, Inc. is the one of the largest automotive retailers in the United States. The company owns and operates new vehicle franchises from dealership locations in major metropolitan markets in numerous states, predominantly in the Sunbelt states. Its business consists primarily of the sale, financing and servicing of new and used vehicles. The company also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products and collision repair 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:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 9.01% in the last month
Relative Strength Index 62.82%
Barchart computes a technical support level at 63.79
Recently traded at 65.53 with a 50 day moving average of 62.68

Fundamental factors:

Market Cap $7.41 billion
P/E 18.52
Revenue expected to grow 7.30% this year and another 5.20% next year
Earnings estimated to increase 13.70% this year, an additional 11.80% next year and continue to increase at an annual rate of 14.53% or the next 5 years.
Wall Street analysts issued 1 strong buy, 9 hold and 2 under perform recommendations on the stock.

The 50 - 100 Day MACD Oscillator has been a reliable technical trading strategy and should continue to be used to gauge entry and exit points.

5 Popular Stocks Falter - PG CHK BRK ATVI WMT

Today I'm featuring 5 popular stocks on the watch lists of the individual investors who read Motley Fool. These are #16 - # 20 on their watch lists.

Proctor & Gamble (PG)

Barchart technical indicators:

67% Barchart technical sell signals
Trend Spotter sell signal
Above its 2 but below its 50 and 100 day moving averages
11.10% off its recent high
Relative Strength Index 50.80%
Recently traded at 83.49 which is below it 50 day moving average of 84.13

Chesapeake Energy (CHK)

Barchart technical indicators:

16% Barchart technical sell signals
Trend Spotter sell signal
Above its 20 but below its 50 and 100 day moving averages
52.33% off its recent high
Relative Strength Index 48.06%
Recently traded at 14.97 which is below its 50 day moving average of 16.82

Berkshire Hathaway Class B

Barchart technical indicators:

80% Barchart technical sell signals
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
6.05% of its recent high
Relative Strength Index 45.35%
Recently traded at 143.71 which is below its 50 day moving average of 146.16

Activision Blizzard (ATVI)

Barchart technical indicators:

24% Barchart technical buy signals
Trend Spotter sell signal
Below its 20 day moving average but above its 50 and 100 day moving averages
5.33% off its recent high
Relative Strength Index 51.18%
Recently traded at 22.87 with a 50 day moving average of 22.79

Wal-Mart Stores (WMT)

Barchart technical indicators:

88% Barchart technical sell signals
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
11.19% off its recent high
Relative Strength Index 41.17%
Recently traded at 80.79 which is below its 50 day moving average of 83.55

BARCHART MORNING CALL 4/10

BARCHART MORNING CALL

Friday, April 10th, 2015View Older Reports

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

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

OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM15 +0.13%) this morning are little changed. The Euro Stoxx 50 index this morning is up +0.68%, extending this week's rally. Asian stocks today closed mostly higher: Japan -0.15%, Hong Kong +1.22%, China +1.94%, Taiwan +0.52%, Australia +0.61%, Singapore +0.35%, South Korea +1.40%, India -0.02%, Turkey -0.62%. China's Shanghai index rallied by +1.94% today as investors hope that China's tepid March CPI report of +1.4% leaves room for the Chinese central bank to ease another notch.
The dollar index (DXY00 +0.44%) is up +0.38 points (+0.38%) as this week's rally continues based in part on Wednesday's March 17-18 FOMC minutes that said "several" FOMC members thought a rate hike might occur by June. EUR/USD (^EURUSD) is down -0.0075 (-0.70%). USD/JPY (^USDJPY) is down -0.25 (-0.21%). Jun 10-year T-notes (ZNM15 +0.01%) are up +1.5 ticks.
Commodity prices are up +0.33% this morning. May WTI crude oil (CLK15 -0.39%) is down -0.14 (-0.28%), but May Brent crude (CBK15 +0.49%) is up +0.24 (+0.42%) and May gasoline (RBK15 +0.78%) is up +0.0127 (+0.72%). May natural gas (NGK15 +0.71%) is up +0.016 (+0.63%).
Precious metals prices are higher after this week's losses on the strong dollar: Jun gold (GCM15 +0.86%) +9.7 (+0.81%), May silver (SIK15 +2.06%) +0.324 (+2.00%). May copper (HGK15 +0.68%) is up +0.026 (+0.95%). Grain prices and softs are mixed.
The yield on French 5-year notes today dropped 2 bp to a negative -0.004%, which means that investors are paying the French government to park their cash. The German 4-year yield today was at -0.195%. European yields have dropped to extraordinarily low levels thanks to weak economic growth, low inflation, and the ECB's QE program of buying 60 billion euros of securities per month.
China's March CPI was unchanged from Feb at +1.4% y/y, which was a bit stronger than market expectations for a dip to +1.3% y/y. China's March PPI strengthened slightly to -4.6% y/y from -4.8% y/y in Feb, which was a bit stronger than market expectations for an unchanged level of -4.8% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes (1) March import prices (expected -0.4% m/m and -10.2% y/y after Feb's +0.4% m/m and -9.4% y/y), (2) the Treasury's March monthly budget statement (expected -$43.0 billion, Feb -$192.327 billion, (3) a speech today by Richmond Fed President Jeffrey Lacker on the economic outlook at an event in Sarasota, FL, and (4) a speech by Minneapolis Fed President Narayana Kocherlakota at the Minnesota Credit Union Network Annual Meeting and Convention.
None of the Russell 1000 companies report earnings today.
There are no U.S. IPO's that price or trade today.
There are no equity conferences today.

June E-mini S&Ps this morning are little changed. Thursday's closes: S&P 500 +0.45%, Dow Jones +0.31%, Nasdaq +0.48%. The stock market on Thursday closed moderately higher on the drop in U.S. continuing unemployment claims to a new 14-1/3 year low along with relief that Greece on Thursday made its 450 million euro payment to the IMF. There was also continued optimism about the recent spate of M&A deals and carry-over support from the 1.1% rally in the Euro Stoxx 50 index and the +2.7% rally in the Hong Kong Hang Seng index.

OVERNIGHT U.S. STOCK MOVERS

GE (GE +2.88%), in a bid to boost profitability, confirmed a deal to sell $26.5 billion of real estate, authorized a new $50 billion stock buyback plan, and will work to terminate GE Capital's designation as a Systemically Important Financial Institution (SIFI).
Netflix (NFLX -0.42%) was upgraded to Buy from Neutral at Citigroup after the recent pullback and the target was raised to $525 from $409.
GM (GM +0.50%) was adding to Citigroup's Focus List as the analyst says the recent 6% decline provides a buying opportunity.
Ruby Tuesday (RT -1.23%) reported Q3 EPS of -1 cent, which was better than expectations of -4 cents.
Deutsche Bank (DB -0.79%) is close to a deal in its LIBOR case, according to the NY Times.
Worldwide PC shipments declined by -6.7% in Q1 to 68.5 million units, according to IDC.

MARKET COMMENTS

Jun 10-year T-notes this morning are up +1.5 ticks. Thursday's closes: TYM5 -16.5, FVM5 -9. June 10-year T-notes on Thursday sold off fairly sharply due to poor demand for the 30-year bond auction and reduced safe-haven demand with the rally in stocks. The 30-year bond auction saw a bid cover ratio of only 2.18, which was below the 12-auction average of 2.40.
The dollar index this morning is up +0.38 points (+0.38%) as this week's rally continues based in part on Wednesday's March 17-18 FOMC minutes that said "several" FOMC members thought a rate hike might occur by June. EUR/USD is down -0.0075 (-0.70%). USD/JPY is down -0.25 (-0.21%). Thursday's closes: Dollar index +1.22 (+1.24%), EUR/USD -0.0122 (-1.13%), USD/JPY +0.45 (+0.37%). The dollar index on Thursday rallied sharply to post a new 3-week high on continued support from Wednesday's March 17-18 FOMC minutes which disclosed that "several" FOMC members favored a rate hike as soon as the June FOMC meeting.
May WTI crude oil this morning is down -0.14 (-0.28%), but May Brent crude is up +0.24 (+0.42%) and May gasoline is up +0.0127 (+0.72%). Thursday's closes: CLK5 +0.37 (+0.73%), RBK5 +0.0200 (+1.15%). May crude oil and gasoline on Thursday closed moderately higher on some short-covering after Wednesday's 6.6% plunge in May crude oil and -6.1% plunge in May gasoline. Wednesday's losses were sparked mainly by the EIA report's news that U.S. oil inventories surged by +10.95 million bbl (+2.3%) to a new record high and showed the largest increase in 14 years.

GLOBAL EVENT CALENDAR04/10/2015

US	0830 ET	Mar import price index expected -0.4% m/m and -10.2% y/y, Feb +0.4% m/m and -9.4% y/y.
	0830 ET	Richmond Fed President Jeffrey Lacker speaks on the economic outlook at an event in Sarasota, FL.
	1220 ET	Minneapolis Fed President Narayana Kocherlakota speaks at the Minnesota Credit Union Network Annual Meeting and Convention.
	1400 ET	Mar monthly budget statement expected -$43.0 billion, Feb -$192.327 billion.
UK	0430 ET	UK Feb industrial production expected +0.3% m/m and +0.3% y/y, Jan -0.1% m/m and +1.3% y/y.
	0430 ET	UK Feb manufacturing production expected +0.4% m/m and +1.3% y/y, Jan -0.5% m/m and +1.9% y/y.
	0430 ET	UK Feb construction output expected +2.2% m/m and +1.9% y/y, Jan -2.6% m/m and -3.1% y/y.
	1000 ET	UK Mar NIESR GDP estimate, Feb +0.6% q/q.

U.S. STOCK CALENDAR04/10/2015

Company	Ticker	Time	Event Description	Period	Estimate
American Airlines Group Inc	AAL US		March 2015 Sales and Revenue Release - Traffic Results	2015
Mosaic Co/The	MOS US		Investor Presentation - Day 2	Y 2015

Thursday, April 9, 2015

Chemtura - Barchart's Chart of the Day

Chemtura (CHMT) is the Barchart Chart of the Day. The specialty chemical company has a Trend Spotter buy signal, a Weighted Alpha of 30.00+ and gained 17.15% in the last year.

The Chart of the Day belongs to Chemtura (CHMT). I found the stock by sorting the 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 2/3 the stock gained 23.27%.

Chemtura Corporation is a global manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products.

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
7 new highs and up 14.21% in the last month
Relative Strength Index 77.88%
Barchart computes a technical support level at 28.20
Recently traded at 29.58 with a 50 day moving average of 25.63

Fundamental factors:

Market Cap $2.15 billion
P/E 33.16
Revenue expected to grow 5.10% next year
Earnings estimated to increase by 45.30% this year, an additional 49.50% next year and continue to increase at an annual rate of 20.05% for the next 5 years
Wall Street analysts issued 1 strong buy, 4 buys and 4 hold recommendations on the stock

Most of the normal technical trading strategies have not been reliable on this stock so I suggest you place a moving stop loss 10% below the recent high.

5 Popular Stocks with Mixed Results

Today I'm highlighting 5 popular stocks with mixed results. These are the 11-15 most popular stocks on the watch lists of the readers of Motley Fool.

Intel (INTC)

Barchart technical indicators:

72% Barchart technical sell signals
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
19.05% off its recent high
Relative Strength Index 41.62%
Recently traded at 30.68 which is below its 50 day moving average of 32.58

Altria Group (MO)

Barchart technical indicators:

16% Barchart technical sell signals
Trend Spotter sell signal
Above its 20 day moving average but below its 50 and 100 day moving averages
9.05% off its recent high
Relative Strength Index 47.09%
Recently traded at 51.57 which is below its 50 day moving average of 53.26

Starbucks (SBUX)

Barchart technical indicators:

40% Barchart technical buy signals
Trend Spotter hold signal
Above its 20, 50 and 100 day moving averages
7 new highs and up 2.54% in the last month
Relative Strength Index 55.26%
Barchart computes a technical support level at 46.67
Recently traded at 47.70 with a 50 day moving average of 46.52

Exxon Mobil (XOM)

Barchart technical indicators:

48% Barchart technical sell signals
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
19.82% off its recent high
Relative Strength Index 42.51%
Recently traded at 84.01 which is below its 50 day moving average of 87.39

Amazon.com (AMZN)

Barchart technical indicators:

72% Barchart technical buy signals
Trend Spotter sell signal
Above its 20, 50 and 100 day moving averages
3 new highs and up .58% in the last month
Relative Strength Index 58.39%
Barchart computes a technical support level at 372.21
Recently traded at 380.74 with a 50 day moving average of 372.45

BARCHART MORNING CALL 4/9

BARCHART MORNING CALL

Thursday, April 9th, 2015View Older Reports

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

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

OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM15 +0.06%) this morning are little changed. The Euro Stoxx 50 index is up +0.60% on some optimism after Greece made its 450 million euro IMF payment that was due by today and German industrial production rose +0.2% m/m. Asian stocks today closed mixed: Japan +0.75%, Hong Kong +2.70%, China -0.93%, Taiwan -0.04%, Australia -0.48%, Singapore -0.01%, South Korea -0.07%, India +0.62%, and Turkey -0.01%.
The dollar index (DXY00 +0.27%) is up +0.023 (+0.24%) on an extension of this week's rally. EUR/USD (^EURUSD) is down -0.0012 (-0.11%) and USD/JPY (^USDJPY) is down -0.13 (-0.11%). Jun 10-year T-notes (ZNM15 +0.02%) are up +3 ticks.
Commodity prices are mildly higher by +0.15%. May crude oil (CLK15 +2.06%) is up $1.27 (+2.52%) on a modest rebound after yesterday's -6.6% plunge on the bearish EIA report. May gasoline (RBK15 +1.49%) is up +0.0342 (+1.97%). May natural gas (NGK15 +0.34%) is up +0.025 (+0.95%).
Precious metals prices are trading slightly lower due to the higher dollar: Jun gold (GCM15 -0.37%) -3.5 (-0.29%), May silver (SIK15 -0.72%) -0.144 (-0.88%). May copper (HGK15 +0.31%) up +0.016 (+0.59%). Grain prices are trading lower and softs are trading mostly lower.
Alcoa is down -2.3% in overnight trading after yesterday's earnings news, which was better than expected but caused concern since the company said it expects there to be an aluminum oversupply.
Greece reportedly made its 450 million euro payment to the IMF that was due today, which boosted Greek stocks today by +0.4% and caused the 10-year Greek bond yield to drop by 29 bp to 11.25%. Greece's Jan unemployment rate fell by -0.2 points to 25.7% from Dec's 25.9%, while Feb industrial production improved to +1.9% y/y from -0.2% y/y in Jan.
The Bank of England today left its monetary policy unchanged with the base rate at 0.50% and its asset purchase target unchanged at 375 million sterling. That outcome was in line with market expectations.
The Bank of Korea today left its key interest rate unchanged at 1.75%, which was in line with market expectations.
The German Feb industrial production report of +0.2% m/m and -0.3% y/y was slightly better than expectations on a month-on-month basis of +0.1%, although the year-on-year level of -0.3% was weaker than expectations of +0.6%. Jan was revised lower to -0.4% m/m and unchanged y/y from +0.6% m/m and +0.9% y/y.
German exports rose by +1.5% m/m, which was better than market expectations of +1.0% and the Jan report of -2.1%. The German Feb trade balance rose to 19.2 billion euros, which was higher than market expectations of 19.0 billion euros and was up from Jan's 15.9 billion euros.

U.S. STOCK PREVIEW

Key U.S. news today includes (1) the weekly initial claims report (expected +16,000 to 284,000 after last week's -20,000 to 268,000) and continuing claims report (expected +20,000 to 2.345 million after last week's -88,000 to 2.325 million), (2) Feb wholesale inventories (expected +0.2% m/m after Jan's +0.2% m/m), and (3) the Treasury's auction of $13 billion of 30-year T-bonds to conclude this week's $58 billion coupon package.
There are two of the Russell 1000 companies that report earnings today: Constellation Brands (consensus $0.94), Walgreens Boots Alliance (0.95).
U.S. IPO's that price today include: Professional Diversity Network (IPDN).
Equity conferences during the remainder of this week include: Internet of Things (IoT) Asia 2015 on Wed-Thu, and JP Morgan Spring Fling Conference on Thu.
June E-mini S&Ps this morning are trading slightly lower after Alcoa kicked off the earnings season with negative news. Wednesday's closes: S&P 500 +0.27%, Dow Jones +0.15%, Nasdaq +0.83%. The U.S. stock market on Wednesday closed mildly higher on continued optimism about interest rates even though the March 17-18 FOMC minutes said that “several” FOMC members favor a rate hike by June. The overall stock market also help up despite the 6.6% plunge in crude oil prices that hurt the petroleum sector.

OVERNIGHT U.S. STOCK MOVERS

Alcoa (AA +1.79%) is down more than 2% in pre-opening trade after saying late yesterday that it expects an aluminum surplus.
Constellation Brands (STZ +0.76%) reported Q4 EPS of $1.03, better than the consensus of 94 cents.
Walgreens Boots Alliance (WBA +0.46%) reported Q2 adjusted EPS of $1.18, which was better than the consensus of 95 cents.
Bed Bath & Beyond (BBBY +1.28%) fell more than 3% in after-hours trading after disappointing earnings.
Brookfield Asset Management (BAM +1.98%) announces 3-for-2 stock split and raised its dividend by 6%.
Apogee (APOG +2.31%) rallied 6% in after-hours trading after reporting favorable earnings.
Pier 1 Imports (PIR -0.24%) rallied more than 4% in after-hours trading after reporting favorable earnings.
Inovio Pharmaceuticals (INO +7.05%) rallied nearly 6% in after-hours trading after news it was selected to lead a $45 million Ebola prevention program.

MARKET COMMENTS

Jun 10-year T-note prices this morning are trading mildly higher by +3 ticks. Wednesday's closes: TYM5 unch, FVM5 -0.5. June 10-year T-note prices on Wednesday closed unchanged as the market basically ignored the FOMC minutes saying that “several” FOMC members favor a rate hike by June. There was no real change yesterday in the market consensus that the Fed will be forced to wait until early 2016 to make its first rate hike. The T-note market held its ground despite supply overhang from this week’s $58 billion coupon package.
The dollar index this morning is up +0.023 (+0.24%) on an extension of this week's rally. EUR/USD is down -0.0012 (-0.11%) and USD/JPY is down -0.13 (-0.11%). Wednesday's closes: Dollar index +0.24 (+0.24%), EUR/USD -0.0033 (-0.31%), USD/JPY -0.15 (-0.12%). The dollar index on Wednesday closed mildly higher after news from the FOMC minutes that “several” FOMC members favor a rate hike as early as June. The Bank of Japan on Wednesday left its monetary policy unchanged, which was in line with market expectations.
May crude oil this morning is up $1.27 (+2.52%) on a modest rebound after yesterday's -6.6% plunge on the bearish EIA report. May gasoline is up +0.0342 (+1.97%). May natural gas is up +0.025 (+0.95%). Wednesday's closes: CLK5 -3.56 (-6.60%), RBK5 -0.1217 (-6.54%). May crude oil and gasoline on Wednesday closed sharply lower after the weekly EIA report showed a massive +10.95 million bbl (+2.3%) increase in U.S. oil inventories to a new record high as well as a +2.1% increase in Cushing crude oil inventories to a new record high. In addition, the EIA report showed that U.S. oil production in the latest reporting week rose by +0.2%, discouraging talk that U.S. oil production might be in for a sustained drop.

GLOBAL EVENT CALENDAR04/09/2015

US	0830 ET	Weekly initial unemployment claims expected +16,000 to 284,000, previous -20,000 to 268,000. Weekly continuing claims expected +20,000 to 2.345 million, previous -88,000 to 2.325 million.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Feb wholesale inventories expected +0.2% m/m, Jan +0.2% m/m. Feb wholesale trade sales expected +0.3% m/m, Jan -3.1% m/m.
	1200 ET	USDA Apr WASDE crop production.
	1300 ET	Treasury auctions $13 billion 30-year T-bonds.
GER	0200 ET	German Feb industrial production expected +0.1% m/m and +0.6% y/y, Jan +0.6% m/m and +0.9% y/y.
	0200 ET	German Feb current account balance expected +17.5 billion euros, Jan +16.8 billion euros.
	0200 ET	German Feb trade balance expected +19.0 billion euros, Jan +15.9 billion euros. Feb exports expected +1.0% m/m, Jan -2.1% m/m. Feb imports expected +1.2% y/y, Jan -0.2% m/m.
JPN	0200 ET	Japan Mar machine tool orders, Feb +28.9% y/y.
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.
CHI	2130 ET	China Mar CPI expected +1.3% y/y, Feb +1.4% y/y. Mar PPI expected -4.7% y/y, Feb -4.8% y/y.

U.S. STOCK CALENDAR04/09/2015

Company	Ticker	Time	Event Description	Period	Estimate
Constellation Brands Inc	STZ US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.941
Walgreens Boots Alliance Inc	WBA US	7:00	Q2 2015 Earnings Release	Q2 2015	0.948
L Brands Inc	LB US	7:30	March 2015 Sales and Revenue Call	2015
Walgreens Boots Alliance Inc	WBA US	8:30	Q2 2015 Earnings Call	Q2 2015
Constellation Brands Inc	STZ US	10:30	Q4 2015 Earnings Call	Q4 2015
Adobe Systems Inc	ADBE US	12:00	Annual General Meeting
Gap Inc/The	GPS US		March 2015 Sales and Revenue Release	2015
L Brands Inc	LB US		March 2015 Sales and Revenue Release	2015
Costco Wholesale Corp	COST US		March 2015 Sales and Revenue Release	2015

Wednesday, April 8, 2015

Atlas Financial Holdings - Barchart's Chart of the Day

Atlas Financial Holdings (AFH) is the Barchart Chart of the Day. The automotive insurance company has a Trend Spotter buy signal, a Weighted Alpha of 36.60+ and gained 30.19% in the last month.

The Chart of the Day belongs to Atlas Financial Holdings (AFH). I found the stock by sorting the 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 3/12 the stock gained 5%.

Atlas Financial Holdings Inc. provides commercial automobile insurance policies primarily in the United States through its subsidiaries. The company provides insurance coverage to taxi cabs, non-emergency para-transit, limousine/livery and business auto.

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 0, 50 and 100 day moving averages
4 new highs and up 8.75% in the last month
Relative Strength Index 69.36%
Barchart computes a technical support level at 17.49
Recently traded at 18.99 with a 50 day moving average of 17.64

Fundamental factors:

Market Cap $219.88 million
P/E 16.82
Revenue expected to grow 36.60% this year and another 30.19% next year
Earnings estimated to increase by 66.60% this year and an additional 35.10% next year
Wall Street analysts issued 3 strong buy and buy recommendations on the stock

None of the normal technical trading strategies have been reliable on this stock so I would use a moving stop loss at 10% below the most recent high

BARCHART MORNING CALL 4/8

BARCHART MORNING CALL

Wednesday, April 8th, 2015View Older Reports

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

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

OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps this morning are little changed as the market awaits today's FOMC meeting minutes. The Euro Stoxx 50 index is down -0.39% after yesterday's rally. European energy stocks are trading higher on M&A optimism after today's blockbuster deal in oil and gas with Shell buying BG Group to gain access in particular to LNG in Australia and deep-water oil in Brazil. Asian stocks today closed mostly higher: Japan +0.76%, Hong Kong +3.80%, China +0.84%, Taiwan -0.73%, Australia +0.59%, Singapore -0.14%, South Korea +0.63%, India +0.67%, Turkey +0.24%.
The dollar index is down -0.43 points (-0.44%) on a turn-around after the sharp 2-session rally. EUR/USD is up +0.0055 (+0.51%) and USD/JPY is down -0.57 (-0.47%). Jun 10-year T-note prices up 5.5 ticks going into today's 10-year T-note auction.
Commodity prices are down -0.12% this morning due to lower energy prices. May crude oil is down -1.17 (-2.17%), May gasoline is down -0.0460 (-2.47%), and May natural gas is down -0.049 (-1.83%). The market is expecting today's weekly EIA report to show a +3.0 million bbl increase in crude oil inventories, a -2.0 million bbl decline in gasoline inventories, a +800,000 bbl increase in distillate inventories, and a +0.6 point increase in the refinery utilization rate to 90.0%. The market is hoping for U.S. oil production to decline for the second straight week.
Precious metals prices are little changed this morning with Jun gold up +0.1 (+0.01%) and May silver up +0.010 (+0.06%). May copper is down -0.012 (-0.43%). Grain prices are narrowly mixed this morning as the market awaits Thursday's WASDE report: May corn +0.25 (+0.07%), May soybeans +0.50 (+0.05%), May wheat -0.50 (-0.10%). Softs are trading higher this morning.
The Bank of Japan today left its monetary policy unchanged, which was in line with market expectations. The BOJ left its target unchanged of expanding the monetary base at an annual rate of 80 trillion yen ($670 billion). BOJ Governor Kuroda said that the Japanese economy now faces less risk than last year when the BOJ expanded its stimulus measures.
Today's U.S. MBA mortgage applications report showed an overall +0.4% increase with the purchases sub-index up +6.8% but the refinancing sub-index down -3.3%.

U.S. STOCK PREVIEW

Key news today includes (1) the weekly MBA mortgage applications report (last week +4.6% with purchase sub-index +5.7% and refi sub-index +3.9%), (2) the minutes from the Mar 17-18 FOMC meeting, (3) the Treasury's auction of $21 billion of 10-year T-notes, (4) a speech by Fed Governor Jerome Powell on the “Challenges for Monetary Policy” at the Council on Foreign Relations, and (5) a Q&A on the economy and monetary policy by New York Fed President William Dudley at a Reuters Newsmaker event in New York.
There are seven of the Russell 1000 companies that report earnings today: Alcoa (consensus $0.26), Rite Aid (0.08), RPM International (0.13), MSC Industrial Direct (0.85), Global Payments (1.11), Family Dollar Stores (0.73), Bed, Bath & Beyond (1.81).
There are no U.S. IPO's that scheduled to price or trade today.
Equity conferences this week include: Internet of Things (IoT) Asia 2015 on Wed-Thu, and JP Morgan Spring Fling Conference on Thu
June E-mini S&Ps this morning are little changed as the market awaits today's FOMC meeting minutes. Tuesday's closes: S&P 500 -0.21%, Dow Jones -0.03%, Nasdaq -0.14%. The stock market on Tuesday fell on concerns that the strong JOLTS job openings report (+168,000 to a new 14-year high) might bring forward a Fed rate hike, as well as concern about a weak Q1 earnings season that starts today. On the positive side, the continued rally in oil prices boosted petroleum stocks.

OVERNIGHT U.S. STOCK MOVERS

Shell (RDSN LN) announced an agreement to take over BG Group (BG LN) for about $70 billion in cash and shares in the largest oil and gas deal in at least a decade, with particularly attractive assets in Australian LNG and Brazilian deep water oil.
Rite Aid (RAD -1.70%) reported Q4 EPS ex-items at 12 cents, better than the consensus of 7 cents.
IMAX ({=IMAX) and Disney (DIS -0.19%) renewed their exhibition agreement with a new multi-picture deal.
Kinder Morgan (KMI +0.05%) was downgraded to Buy from Conviction Buy at Goldman Sachs.
New Residential (NRZ +2.99%) was added to the Top Picks list at FBR Capital.
Dave & Buster's (PLAY -1.45%) rallied 1% in after-hours trading on better than expected earnings results.
Regulus Therapeutics (RGLS -2.68%) rallied 10% in after-hours trading after one of its products was selected as clinical candidate by AstraZeneca (AZN +0.24%)
OHR Pharmaceutical (OHRP +8.37%) rallied 2% in after-hours trading after a report that Broadfin purchased a 6.1% stake in the company.
Pentair (PNR -1.87%) fell 4% in after-hours trading after lowering its Q1 guidance.

MARKET COMMENTS

Jun 10-year T-note prices up 5.5 ticks going into today's 10-year T-note auction. June 10-year T-notes on Tuesday closed mildly lower on the much stronger-than-expected JOLTS job openings report and the continued rally in crude oil prices, which is boosting inflation expectations. T-notes are also seeing supply pressure during this week's sale of $58 billion of 3-year, 10-year and 30-year securities.
The dollar index is down -0.43 points (-0.44%) on a turn-around after the sharp 2-session rally. EUR/USD is up +0.0055 (+0.51%) and USD/JPY is down -0.57 (-0.47%). Tuesday's closes: Dollar index +1.15 (+1.19%), EUR/USD -0.0108 (-0.99%), USD/JPY +0.74 (+0.62%). The dollar index on Tuesday closed sharply higher on the much stronger-than-expected JOLTS job openings report. In addition, the continued rally in crude oil prices is boosting inflation expectations, which could cause the Fed to accelerate its rate hike.
May crude oil is down -1.17 (-2.17%), May gasoline is down -0.0460 (-2.47%), and May natural gas is down -0.049 (-1.83%). Tuesday's closes: CLK5 +1.11 (+2.13%), RBK5 -0.0119 (-0.65%). May crude oil prices on Tuesday rallied sharply on ideas that U.S. oil production might finally be slowing due to the plunge in the number of operating U.S. oil rigs. U.S. oil production fell last week and the market suspects that production may fall again in Wednesday's EIA report. Crude oil prices are also seeing support as the Iranian nuclear agreement is meeting with heavy opposition from Israel and with political opposition in Washington. On the negative side, the market is expecting Wednesday’s weekly EIA report to show a +3.0 mln bbl gain in U.S. crude oil inventories.

GLOBAL EVENT CALENDAR04/08/2015

US	0700 ET	Weekly MBA mortgage applications, previous +4.6% with purchase sub-index +5.7% and refi sub-index +3.9%.
	0800 ET	Fed Governor Jerome Powell speaks on Challenges for Monetary Policy at the Council on Foreign Relations.
	0930 ET	New York Fed President William Dudley does a Q&A on the economy and monetary policy at a Reuters Newsmaker event in New York.
	1030 ET	EIA Weekly Petroleum Status Report.
	1300 ET	Treasury auctions $21 billion 10-year T-notes.
	1400 ET	Minutes of the Mar 17-18 FOMC meeting.
JPN	0100 ET	Japan Mar eco-watchers survey current expected +0.7 to 50.8, Feb 50.1. Mar eco-watchers survey outlook expected +0.3 to 53.5, Feb 53.2.
	n/a	BOJ announces interest rate decision and asset purchase target.
GER	0200 ET	German Feb factory orders expected +1.5% m/m and +0.5% y/y, Jan -3.9% m/m and -0.1% y/y.
	0330 ET	German Mar Markit construction PMI, Feb 53.1.
EUR	0500 ET	Eurozone Feb retail sales expected -0.2% m/m and +2.8% y/y, Jan +1.1% m/m and +3.7% y/y.
UK	0400 ET	UK Mar new car registrations, Feb +12.0% y/y.
	1901 ET	UK Mar RICS house price balance expected 15%, Feb 14%.

U.S. STOCK CALENDAR04/08/2015

Company	Ticker	Time	Event Description	Period	Estimate
Rite Aid Corp	RAD US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.077
RPM International Inc	RPM US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.134
MSC Industrial Direct Co Inc	MSM US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.85
Global Payments Inc	GPN US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.105
Family Dollar Stores Inc	FDO US	8:00	Q2 2015 Earnings Release	Q2 2015	0.727
Global Payments Inc	GPN US	8:00	Q3 2015 Earnings Call	Q3 2015
Rite Aid Corp	RAD US	8:30	Q4 2015 Earnings Call	Q4 2015
MSC Industrial Direct Co Inc	MSM US	8:30	Q2 2015 Earnings Call	Q2 2015
ConocoPhillips	COP US	9:00	Analyst Meeting	Y 2015
IDEX Corp	IEX US	10:00	Annual General Meeting	Y 2015
RPM International Inc	RPM US	10:00	Q3 2015 Earnings Call	Q3 2015
New York Community Bancorp Inc	NYCB US	10:00	Annual General Meeting	Y 2015
Lennar Corp	LEN US	11:00	Annual General Meeting
Alcoa Inc	AA US	17:00	Q1 2015 Earnings Call	Q1 2015
Bed Bath & Beyond Inc	BBBY US	17:00	Q4 2015 Earnings Call	Q4 2015
United Continental Holdings Inc	UAL US	17:00	March 2015 Sales and Revenue Release - Operational Performance	2015
Alcoa Inc	AA US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	0.257
Bed Bath & Beyond Inc	BBBY US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	1.806
Questar Corp	STR US		Roadshow - Midwest- Day 3	Y 2015
IHS Inc	IHS US		Annual General Meeting
Avago Technologies Ltd	AVGO US		Annual General Meeting

Tuesday, April 7, 2015

Globant - Barchart's Chart of the Day

Globant (GLOB) is the Barchart Chart of the Day. The Internet software company has a Trend Spotter buy signal, a Weighted Alpha of 126.70+ and gained 99.82% in the last year.

The Chart of the Day belongs to Globant (GLOB). I found the stock by sorting the All Time High list for the stocks with the best technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 2/25 the stock gained 50.87%.

Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally.

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
5 new highs and up 22.77% in the last month
Relative Strength Index 81.31%
Barchart computes a technical support level at 20.62
Recently traded at 22.61 with a 50 day moving average of 16.69

Fundamental factors:

Market Cap $754.04
P/E 18.17
Revenue expected to grow 20.60% this year and another 20.50% next year
Earnings estimated to increase by 11.40% this year, an additional 19.30% next year and continue to compound at an annual rate of 20.00% for the next 5 years
Wall Street analysts issued 2 strong buy and 2 buy recommendations

Use a stop loss 10% below most recent high as an exit point.

Popular Stocks with Sell Signals

Today I wanted to review some of the most popular stock on the individual investors watch list according to Motley Fool. These stocks rank 6-10 in popularity. All of them have technical sell signals in spite of a strong 88% buy signal for the overall market as measured by the Value Line Arithmetic Index.

Ford (F)