Friday, May 1, 2015

Ellie Mae - New All Time High

Ellie Mae (ELLI) is the Barchart Chart of the Day.  The mortgage origination software company has a Trend Spotter buy signal, a Weighted Alpha of 171.70+ and gained 172.06% in the last year.

The Chart of the Day belongs to Ellie Mae (ELLI).  I found the stock by sorting the All Time High list for the stocks with the best technical buy signals then use the Flipchart feature to review the charts.

Ellie Mae, Inc. operates electronic mortgage origination networks in the United States. The Company's network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity.


The status of 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 19.25% in the last month
  • Relative Strength Index 72.13%
  • Barchart computes a technical support level at 53.09
  • Recently traded at 66.24 with a 50 day moving average of 55.29
Fundamental factors:
  • Market Cap $1.90 billion
  • P/E 91.51
  • Revenue expected to grow 27.80% this year and another 23.50% next year
  • Earnings estimated to increase 41.90% next year and continue to compound at an annual rate of 16.63% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 5 buy and 3 hold recommendations on the stock
The 50 - 100 Day MACD Oscillator has been a reliable technical trading strategy on this stock and should continue to be used for entry and exit points
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The 5 Best Growth Stocks

Today I wanted to find the very best growth stocks.  I began with a list of growth stocks from Value Line that have had an average of 10% annual growth in Revenue, Earnings and Cash Flow over the past 10 years that are expected to compound at that same annual rate over the next 5 years.  I then used Barchart to sort them for which stocks had the most up days in the last month.

The list includes Juniper Networks (JNPR), Cabot Oil & Gas (COG), Cameron International (CAM), Taser International (TASR) and Core Laboratories (CLB):

Juniper Networks (JNPR)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 19.33% in the last month
  • Relative Strength Index 72.57%
  • Barchart computes a technical support level at 26.05
  • Recently traded at 26.80 with a 50 day moving average of 23.94


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 11.93% in the last month
  • Relative Strength Index 69.98%
  • Barchart computes a technical support level at 32.45
  • Recently traded at 33.59 with a 50 day moving average of 30.13


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 19.06% in the last month
  • Relative Strength Index 66.29%
  • Barchart computes a technical support level at 52.99%
  • Recently traded at 54.13 with a 50 day moving average of 47.49


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 33.97% in the last month
  • Relative Strength Index 72.44%
  • Barchart computes a technical support level at 28.28%
  • Recently traded at 32.72 with a 50 day moving average of 25.68


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 23.04% in the last month
  • Relative Strength Index 69.91%
  • Barchart computes a technical support level at 124.30
  • Recently traded at 130.25 with a 50 day moving average of 112.17











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BARCHART MORNING CALL 5/1

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 +0.41%) this morning are up +0.30% and UK stocks are up +0.18% after the China Apr manufacturing PMI came in stronger-than-expected. Gains in UK stocks were limited after the UK Apr Markit manufacturing PMI unexpected declined to its slowest pace of growth in 7 months. Most European markets are closed today for Labour Day. Monsanto is up 3.5% in pre-market trading after people familiar with the matter said it approached Syngenta AG about a takeover and Gilead Sciences is up 2.6% after it reported stronger-than-expected Q1 profit. The 10-year Greek 10-year bond fell to a 1-1/2 month low of 10.2% amid optimism a deal over bailout aid will be reached. Asian stocks that were open closed higher: Japan +0.06% and Australia +0.42%. All other Asian markets were closed for the May Day holiday.
Commodity prices are mixed. Jun crude oil (CLM15 -0.20%) is down -0.23%. Jun gasoline (RBM15 -0.72%) is down -0.80%%. Metals prices are mixed. Jun gold (GCM15 -0.25%) is down -0.20%. Jul copper (HGN15 +0.54%) is up +0.47% at a 1-1/4 month high after China's manufacturing activity last month expanded more than forecast. Agriculture prices are mixed.
The dollar index (DXY00 +0.05%) is up +0.08%. EUR/USD (^EURUSD) is up +0.39% at a fresh 2-month high as Greek default concerns recede after the Greek 10-year bond yield fell to a 1-1/2 month low. USD/JPY (^USDJPY) is up +0.36%.

Jun T-note prices (ZNM15 -0.23%) are down -7 ticks.
People with knowledge of the matter said that Greek Prime Minister Tsipras told his cabinet late Thursday that he's confident a deal to unlock bailout funds is close as the Greek government steps up talks with its creditors in a bid to reach a preliminary deal by this Sunday, May 3.
The China Apr manufacturing PMI was unchanged at 50.1, stronger than expectations of -0.1 to 50.0.
U.S. STOCK PREVIEW
Key U.S. reports today include: (1) the Apr ISM manufacturing index (expected +0.5 to 52.0 after March's -1.4 point decline to 51.5), (2) the final-April Markit U.S. manufacturing PMI (expected unrevised at 54.2 after the preliminary-April report of -1.5 to 54.2), (3) the final-Apr U.S. consumer sentiment index from the University of Michigan (expected +0.1 to 96.0 after the early-April report of +2.9 to 95.9), (4) March construction spending (expected +0.5% m/m after Feb's -0.1% m/m), (5) Apr total vehicle sales (expected 16.90 million versus March's 17.05 million), and (6) a speech by San Francisco Fed President John Williams at a Chapman University conference on financial markets and monetary policy.
There are 15 of the S&P 500 companies that report earnings today with notable reports including: Berkshire Hathaway (consensus $2373), Chevron (0.79), Duke Energy (1.14), Weyerhaeuser (0.25), CVS (1.08), Aon (1.28).
U.S. IPO's scheduled to price today include: MYOB Group (MYO), OpGen (OPGN), Good Times Restaurants (GTIM). IPOs that are scheduled to trade today include: Black Stone Minerals (BSM).
Equity conferences during the remainder of this week include: none.
OVERNIGHT U.S. STOCK MOVERS
AON Plc (AON -1.69%) reported Q1 EPS of $1.37, better than consensus of $1.28.
Leggett & Platt (LEG -1.76%) reported Q1 EPS of 50 cents, above consensus of 46 cents.
Enbridge Energy (EEP -2.21%) reported Q1 EPS of 26 cents, higher than consensus of 22 cents.
YRC Worldwide (YRCW -2.07%) reported a Q1 EPS loss of -70 cents, a bigger loss than consensus of -49 cents.
Baidu (BIDU -8.55%) was downgraded to 'Hold' from 'Buy' at Jefferies.
Fluor (FLR -1.36%) reported Q1 EPS of 96 cents, below consensus of 98 cents.
Bloomberg reported that Monsanto (MON -0.90%) approached Syngenta (SYT -3.36%) regarding a takeover.
AIG (AIG -0.64%) reported Q1 EPS of $1.22, higher than consensus of $1.19.
Reuters reports that Intel talked about offering $58 per share for Altera (ALTR +2.36%) .
Expedia (EXPE -2.11%) climbed over 6% in after-hours trading after it unexpectedly reported a Q1 adjusted EPS loss of -3 cents, below consensus of a 9 cent profit, although Q1 revenue of $1.37 billion was above consensus of $1.35 billion.
Fortune Brands (FBHS -2.73%) reported Q1 EPS ex-items of 28 cents, weaker than consensus of 32 cents.
Visa (V -1.92%) reported Q2 EPS of 63 cents, above consensus of 62 cents.
Western Union (WU -0.54%) reported Q1 EPS of 39 cents, better than consensus of 38 cents.
Century Aluminum (CENX -1.60%) reported Q1 EPS of 76 cents, higher than consensus of 63 cents.
LinkedIn (LNKD -1.95%) plunged over 20% in after-hours trading after it reported Q1 EPS of 57 cents, better than consensus of 56 cents, but then lowered guidance on fiscal 2015 EPS to $1.90, well below consensus of $3.03.
Columbia Sportswear (COLM -1.55%) reported Q1 EPS of 37 cents, above consensus of 36 cents.
Gilead (GILD -1.77%) is up over 2% in pre-market trading after it reported Q1 adjusted EPS of $2.94, well above consensus of $2.32.
MARKET COMMENTS
June E-mini S&Ps (ESM15 +0.41%) this morning are up +6.25 points (+0.30%). Thursday's closes: S&P 500 -1.01%, Dow Jones -1.08%, Nasdaq -1.65%. The S&P 500 index on Thursday slid to a 1-1/2 week low and closed sharply lower on (1) tech stock weakness after Apple fell more than 2% on news of a defect in its watches, and (2) the weaker-than-expected U.S. Mar personal income and spending report of unchanged m/m and +0.4%, respectively. There was also concern that the Fed might raise rates sooner than earlier thought after initial weekly unemployment claims fell-34,000 to a 15-year low of 262,000.
Jun 10-year T-notes (ZNM15 -0.23%) this morning are down -7 ticks. Thursday's closes: TYM5 -4.50, FVM5 -3.25. Jun 10-year T-notes on Thursday fell to a 1-1/2 month low and closed mildly lower on the sharp -34,000 decline in initial unemployment claims to a new 15-year low. There was also negative carry-over from the decline in German bund prices to a 1-1/2 month low.
The dollar index (DXY00 +0.05%) this morning is up +0.071 (+0.08%). EUR/USD (^EURUSD) is up +0.0044 (+0.39%) at a 2-moth high. USD/JPY (^USDJPY) is up +0.43 (+0.39%). Dollar Index -0.609 (-0.64%), EUR/USD +0.00955 (+0.86%), USD/JPY +0.355 (+0.30%). The dollar index on Thursday fell to a 2-month low and closed with a fairly sharp loss as concern continues about the weak U.S. economic data and a delayed Fed tightening. Meanwhile, there was strength in EUR/USD on signs that Eurozone deflation risks are easing a bit after the Eurozone Apr CPI was unch y/y and ended four straight months of declines.
Jun WTI crude oil (CLM15 -0.20%) this morning is down -14 cents (-0.23%) and Jun gasoline (RBM15 -0.72%) is down -0.0163 (-0.80%). Thursday's closes: CLM5 +1.05 (+1.79%), RBM5 +0.0355 (+1.76%). Jun crude oil on Thursday posted a new 4-1/2 month high on carry-over support from Wednesday's news that Cushing oil inventories fell by -514,000 bbls, the first decline in 21 weeks.
GLOBAL EVENT CALENDAR05/01/2015
US0945 ETFinal-Apr Markit manufacturing PMI expected no change at 54.2, prelim-Apr -1.5 to 54.2.
1000 ETMar construction spending expected +0.5% m/m, Feb -0.1% m/m.
1000 ETApr ISM manufacturing index expected +0.5 to 52.0, Mar 51.5. Apr ISM new orders, Mar 51.8. Apr ISM employment, Mar 50.0. Apr ISM prices paid expected +3.0 to 42.0, Mar 39.0.
1000 ETFinal-Apr U.S. consumer sentiment index (University of Michigan) expected +0.1 to 96.0, previous +2.9 to 95.9.
1545 ETSan Francisco Fed President John Williams speaks at a Chapman University conference on financial markets and monetary policy.
n/aApr total vehicle sales expected 16.90 million, Mar 17.05 million. Apr domestic vehicle sales expected 13.40 million, Mar 13.35 million.
JPN0100 ETJapan Apr vehicle sales, Mar -13.1% y/y.
UK0430 ETUK Mar net consumer credit expected +0.8 billion pounds, Feb +0.7 billion pounds.
0430 ETUK Mar mortgage approvals expected 62,500, Feb 61,800.
0430 ETUK Mar M4 money supply, Feb -0.2% m/m and -3.2% y/y.
0430 ETUK Apr Markit manufacturing PMI expected +0.2 to 54.6, Mar 54.4.
GERn/aGerman markets closed for Labor Day.
EURn/aEurozone markets closed for Labor Day.
U.S. STOCK CALENDAR05/01/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Aon PLCAON USBef-mktQ1 2015 Earnings ReleaseQ1 20151.284
CVS Health CorpCVS USBef-mktQ1 2015 Earnings ReleaseQ1 20151.078
Newell Rubbermaid IncNWL USBef-mktQ1 2015 Earnings ReleaseQ1 20150.341
Pinnacle West Capital CorpPNW USBef-mktQ1 2015 Earnings ReleaseQ1 20150.18
Weyerhaeuser CoWY USBef-mktQ1 2015 Earnings ReleaseQ1 20150.249
FirstEnergy CorpFE USBef-mktQ1 2015 Earnings ReleaseQ1 20150.52
Moody's CorpMCO USBef-mktQ1 2015 Earnings ReleaseQ1 20151.027
Duke Energy CorpDUK US7:00Q1 2015 Earnings ReleaseQ1 20151.138
Legg Mason IncLM US7:00Q4 2015 Earnings ReleaseQ4 20150.677
VF CorpVFC US7:00Q1 2015 Earnings ReleaseQ1 20150.672
Public Service Enterprise Group IncPEG US7:30Q1 2015 Earnings ReleaseQ1 20150.952
American International Group IncAIG US8:00Q1 2015 Earnings CallQ1 2015
Boston Scientific CorpBSX US8:00Investor DayY 2015
Legg Mason IncLM US8:00Q4 2015 Earnings CallQ4 2015
Eastman Chemical CoEMN US8:00Q1 2015 Earnings CallQ1 2015
Aon PLCAON US8:30Q1 2015 Earnings CallQ1 2015
Chevron CorpCVX US8:30Q1 2015 Earnings ReleaseQ1 20150.793
Clorox Co/TheCLX US8:30Q3 2015 Earnings ReleaseQ3 20151.094
CVS Health CorpCVS US8:30Q1 2015 Earnings CallQ1 2015
Newell Rubbermaid IncNWL US8:30Q1 2015 Earnings CallQ1 2015
VF CorpVFC US8:30Q1 2015 Earnings CallQ1 2015
Leggett & Platt IncLEG US9:00Q1 2015 Earnings CallQ1 2015
Yum! Brands IncYUM US9:00Annual General MeetingY 2015
FirstEnergy CorpFE US9:00Q1 2015 Earnings CallQ1 2015
Ford Motor CoF US9:15April 2015 Sales and Revenue Release2015
Alcoa IncAA US9:30Annual General MeetingY 2015
Equifax IncEFX US9:30Annual General Meeting
Duke Energy CorpDUK US10:00Q1 2015 Earnings CallQ1 2015
Ford Motor CoF US10:00April 2015 Sales and Revenue Call2015
Ryder System IncR US10:00Annual General Meeting
Weyerhaeuser CoWY US10:00Q1 2015 Earnings CallQ1 2015
Zoetis IncZTS US10:00Annual General Meeting
Chevron CorpCVX US11:00Q1 2015 Earnings CallQ1 2015
Public Service Enterprise Group IncPEG US11:00Q1 2015 Earnings CallQ1 2015
Flowserve CorpFLS US11:00Q1 2015 Earnings CallQ1 2015
eBay IncEBAY US11:00Annual General MeetingY 2015
Occidental Petroleum CorpOXY US11:30Annual General Meeting
Moody's CorpMCO US11:30Q1 2015 Earnings CallQ1 2015
Pinnacle West Capital CorpPNW US12:00Q1 2015 Earnings CallQ1 2015
Public StoragePSA US12:00Q1 2015 Earnings CallQ1 2015
Apartment Investment & Management CoAIV US13:00Q1 2015 Earnings CallQ1 2015
Clorox Co/TheCLX US13:30Q3 2015 Earnings CallQ3 2015
Berkshire Hathaway IncBRK/A USQ1 2015 Earnings ReleaseQ1 20152372.75
Walt Disney Co/TheDIS USU.S. Box Office Release of Movie Avengers: Age of Ultron""
Integrys Energy Group IncTEG USQ1 2015 Earnings ReleaseQ1 20151.82
Allegheny Technologies IncATI USAnnual General Meeting
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Thursday, April 30, 2015

Credit Acceptance Corp - New All Time High

Credit Acceptance Corp (CACC) is the Barchart Chart of the Day.  The consumer loan company has a Trend Spotter buy signal, a Weighted Alpha of 104.60+ and gained 79.59% in the last month.

The Chart of the Day belongs to Credit Acceptance Corp (CACC).  I found the stock by sorting the All Time High list for the stock with the best technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled another buy on 4/8 the stock gained 16.79%.

Credit Acceptance Corporation is a specialized financial services company which provides funding, receivables management, collection, sales training and related services to automobile dealers.


The status of 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
  • 8 new highs and up 21.50% in the last month
  • Relative Strength Index 80.27%
  • Barchart computes a technical support level at 208.25
  • Recently traded at 236.20 with a 50 day moving average of 196.14
Fundamental factors:
  • Market Cap $4.87 billion
  • P/E 17.61
  • Revenue expected to grow 6.00% this year and another 4.50% next year
  • Earnings estimated to increase 9.70% this year, an additional 6.30% next year and continue to increase at an annual rate of 10.15% for the next 5 years
  • Wall Street analysts think it may have peaked with 6 hold, 2 under perform a 1 sell recommendation on the stock
Hard to sustain the run up so I'd place a moving stop loss 10% below the recent high.
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Some NASDAQ 100 stock breakout

Despite some softness in the market this week I see 5 NASDAQ 100 stocks breaking out of their trading patterns.  Among them are:

Microsoft (MSFT), Amazon.com (AMZN), Mondelez International (MDLZ), Equinix (EQIX) and Verisk Analytics (VRSK).

Microsoft (MSFT)


Barchart technical indicaotrs:
  • 64% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 18.75% in the last month
  • Relative Strength Index 77.83%
  • Barchart computes a technical support level at 48.15
  • Recently traded at 48.64 with a 50 day moving average of 42.94


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 12.60% in the last month
  • Relative Strength Index 64.22%
  • Barchart computes a technical support level at 421.67%
  • Recently traded at 421.78 with a 50 day moving average of 384.14


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 5.15% in the last month
  • Relative Strength Index 66.62%
  • Barchart computes a technical support level at 37.33
  • Recently traded at 38.37 with a 50 day moving average of 36.34
Equinix (EQIX)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 9.27% in the last month
  • Relative Strength Index 71.98%
  • Barchart computes a technical support level at 240.64
  • Recently traded at 255.93 with a 50 day moving average of 235.43


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 5.47% in the last month
  • Relative Strength Index 63.77%
  • Barchart computes a technical support level at 73.56
  • Recently traded at 75.04 with a 50 day moving average of 71.51










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BARCHART MORNING CALL 4/30

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 -0.30%) this morning are down -0.23%, led by a 1% drop in Apple after a report that a component defect could force it to limit supply of its new watch. European stocks are down -0.14% at a 1-1/2 month low after German Mar retail sales unexpectedly fell -2.3% m/m, the biggest monthly drop in 15 months. Also, Nokia Oyj is down nearly 8% after it reported Q1 profits that were below estimates, and STMicroelectronics plunged 12% after it forecast weaker-than-expected revenue and profit margins amid a slowdown in demand. Asian stocks closed mostly lower: Japan -2.69%, Hong Kong -0.94%, China -0.78%, Taiwan -0.34%, Australia -0.83%, Singapore +0.01%, South Korea -0.60%, India -0.79%. Japan's Nikkei Stock Index fell to a 1-week low, led by a slide in exporters, after the yen climbed to a 1-month high against the dollar, which reduces the earnings prospects of exporters.
Commodity prices are mixed. Jun crude oil (CLM15 +1.02%) is up +0.89% at a new 4-1/2 month high as the dollar weakened and after Wednesday's EIA data showed a decline in crude supplies at Cushing for the first time since Nov. Jun gasoline (RBM15 +0.61%) is up +0.33%. Metals prices are mixed. Jun gold (GCM15 -0.62%) is down -0.63% after Wednesday's post-FOMC statement signaled the Fed is still open to raising interest rates. May copper (HGK15 +1.45%) is up +1.29% at a 1-month high after weekly Shanghai copper inventories fell for a fourth week as they slid -20,120 Mt TO 188,165 MT, a 2-1/2 month low. Agriculture prices are higher due to a weaker dollar.
The dollar index (DXY00 -0.39%) is down -0.44% at a fresh 2-month low on speculation the Fed is in no hurry to raise interest rates. EUR/USD (^EURUSD) is up +0.58% at a 2-month high after Eurozone Apr CPI was unch y/y and ended a 4-month streak of declines. USD/JPY (^USDJPY) is down -0.06% at a 1-month low.

Jun T-note prices (ZNM15 -0.04%) are down -0.5 of a tick on carry-over weakness from a slide in German bunds to a 1-1/2 month low.
In its Economic Bulletin for Apr, the ECB was upbeat in its economic prospects for the Eurozone when it said "the latest economic indicators and survey results are consistent with continued economic expansion in Q1 of 2015. Looking beyond the short term, the monetary measures taken by the Governing Council, the low oil price and the depreciation of the euro should help broaden and gradually strengthen the recovery."
U.S. STOCK PREVIEW
Key U.S. reports today include: (1) weekly unemployment claims (initial unemployment claims expected -5,000 to 290,000 after last week's +1,000 to 295,000; continuing claims expected -25,000 to 2.300 million after last week's +50,000 to 2.325 million), (2) Mar personal spending (expected +0.5% after Feb's +0.1%) and Mar personal income (expected +0.2% after Feb's +0.4%), (3) the Mar PCE deflator (expected +0.4% y/y after Feb's +0.3% y/y) and Mar core PCE deflator (expected unchanged from Feb's +1.4% y/y), (4) the Q1 employment cost index (expected +0.6% q/q after Q4's +0.6%), and (5) the April Chicago PMI (expected +3.7 to 50.0 after March's +0.5 to 46.3), and (6) the Apr Milwaukee ISM (expected -0.25 to 53.00 after March's +2.93 to 53.25).
There are 52 of the S&P 500 companies that report earnings today with notable reports including: Exxon Mobil (consensus $0.82), Visa (0.62), Time Warner Cable (1.88), Coca-Cola Enterprises (0.40), ConocoPhillips (-0.22), Marathon Petroleum (2.85), CME Group (0.95).
U.S. IPO's scheduled to price today include: Black Stone Minerals (BSM), Biondvax Pharmaceuticals (BVXV), Advaxis (ADXS), Inovio Pharmaceuticals (INO), Scorpio Tankers (STNG). IPOs that are scheduled to trade today include: Blueprint Medicines (BPMC).
Equity conferences during the remainder of this week include: none.
OVERNIGHT U.S. STOCK MOVERS
Time Warner Cable (TWC -0.02%) reported Q1 EPS of $1.65, below consensus of $1.88.
Manitowoc (MTW -0.96%) reported a Q1 adjusted EPS loss of -5 cents, a larger loss than consensus of -2 cents.
Baidu (BIDU -0.09%) reported Q1 adjusted EPS of $1.22, better than consensus of $1.16.
Marriott (MAR +3.14%) reported Q1 EPS of 73 cents, above consensus of 70 cents.
Flextronics (FLEX +0.41%) reported Q4 adjusted EPS of 27 cents, higher than consensus of 25 cents.
Apple (AAPL -1.47%) is down over 1% in pre-market trading after Dow Jones reported that the company found defects in the 'taptic engine' of the Apple Watch.
AMC Entertainment (AMC +0.37%) reported Q1 EPS of 6 cents, less than consensus of 8 cents.
Con-way (CNW -2.77%) reported Q1 EPS of 39 cents, better than consensus of 38 cents, but Q1 revenue of $1.37 billion was below consensus of $1.45 billion.
CACI (CACI -2.36%) reported Q3 EPS of $1.18, weaker than consensus of $1.27.
Williams (WMB +1.21%) reported Q1 adjusted EPS of 16 cents, above consensus of 15 cents.
Service Corp. (SCI -1.00%) reported Q1 adjusted EPS of 32 cents, higher than consensus of 28 cents. although Q1 revenue of $748.1 million was below consensus of $752.45 million.
Bob Evans Farms (BOBE -3.74%) announced that it will close 20 restaurants over the next 12 months.
Varian Medical (VAR +0.02%) reported Q2 EPS of $1.05, better than consensus of $1.00.
ARRIS (ARRS -0.89%) reported Q1 adjusted EPS of 44 cents, right on consensus
Hologic (HOLX -1.15%) reported Q2 EPS of 41 cents, above consensus of 39 cents, and then raised guidance on fiscal 2015 EPS view to $1.57-$1.59, above consensus of $1.57.
MARKET COMMENTS
June E-mini S&Ps (ESM15 -0.30%) this morning are down -4.75 points (-0.23%). Wednesday's closes: S&P 500 -0.37%, Dow Jones -0.41%, Nasdaq -0.60%. The S&P 500 index on Wednesday closed lower on the weak U.S. Q1 GDP report of +0.2% (q/q annualized) versus expectations of +1.0%. There was also weakness in health-care stocks after Humana plunged 6% on disappointing earnings news.
Jun 10-year T-notes (ZNM15 -0.04%) this morning are down -0.5 of a tick. Wednesday's closes: TYM5 -14.00, FVM5 -5.00. Jun 10-year T-notes on Wednesday fell sharply to post a new 1-1/4 month low as the 10-year T-note breakeven inflation rate climbed to a 5-1/2 month high. In addition, there was some negative carry-over from the decline in German bund prices to a 1-1/4 month low.
The dollar index (DXY00 -0.39%) this morning is down -0.423 (-0.44%) to a fresh 2-month low. EUR/USD (^EURUSD) is up +0.0065 (+0.58%) to a 2-month high. USD/JPY (^USDJPY) is down -0.07 (-0.06%) to a 1-month low. Wednesday's closes: Dollar Index -0.883 (-0.92%), EUR/USD +0.01467 (+1.34%), USD/JPY +0.159 (+0.13%). The dollar index on Wednesday fell to a 2-month low on the weaker-than-expected U.S. Q1 GDP report of +0.2% versus expectations of +1.0%. EUR/USD rallied to a 1-3/4 month high after the Eurozone Apr business climate indicator unexpectedly rose to an 11-month high.
Jun WTI crude oil (CLM15 +1.02%) this morning is up +52 cents (+0.89%) to a new 4-1/2 month high and Jun gasoline (RBM15 +0.61%) is up +0.0067 (+0.33%). Wednesday's closes: CLM5 +1.52 (+2.66%), RBM5 +0.0061 (+0.31%). Jun crude oil and gasoline prices on Wednesday climbed to 4-1/2 month highs on the plunge in the dollar index to a 2-month low and on the -514,000 bbl decline in crude supplies at Cushing, which was the first decline in 21 weeks.
GLOBAL EVENT CALENDAR04/30/2015
US0830 ETWeekly initial unemployment claims expected -5,000 to 290,000, previous +1,000 to 295,000. Weekly continuing claims expected -25,000 to 2.300 million, previous +50,000 to 2.325 million.
0830 ETMar personal spending expected +0.5%, Feb +0.1%. Mar personal income expected +0.2%, Feb +0.4%.
0830 ETMar PCE deflator expected +0.2% m/m and +0.4% y/y, Feb +0.2% m/m and +0.3% y/y. Mar core PCE deflator expected +0.2% m/m and +1.4% y/y, Feb +0.1% m/m and +1.4% y/y.
0830 ETQ1 employment cost index expected +0.6%, Q4 +0.6%.
0830 ETUSDA weekly Export Sales.
0900 ETApr Milwaukee ISM expected -0.25 to 53.00, Mar +2.93 to 53.25.
0945 ETApr Chicago PMI expected +3.7 to 50.0, Mar +0.5 to 46.3.
JPN0100 ETJapan Mar housing starts expected -1.9% y/y to 892,000 annualized, Feb -3.1% y/y to 905,000 annualized.
0100 ETJapan Mar construction orders, Feb +1.0% y/y.
1930 ETJapan Mar jobless rate expected unch at 3.5%. Mar job-to-applicant ratio expected unch at 1.15.
1930 ETJapan Mar overall household spending expected -11.8% y/y, Feb -2.9% y/y.
1930 ETJapan Mar national CPI expected +2.2% y/y, Feb +2.2% y/y. Mar national CPI ex-fresh food expected +2.0% y/y, Feb +2.0% y/y. Mar national CPI ex food & energy expected +2.0% y/y, Feb +2.0% y/y.
1930 ETJapan Apr Tokyo CPI expected +0.7% y/y, Mar +2.3% y/y. Apr Tokyo CPI ex-fresh food expected +0.5% y/y, Mar +2.2% y/y. Apr Tokyo CPI ex food & energy expected +0.2% y/y, Mar +1.7% y/y.
2130 ETJapan Mar labor cash earnings expected +0.4% y/y, Feb +0.1% y/y. Mar real cash earnings, Feb -2.3% y/y.
2135 ETRevised Japan Apr Markit/JMMA manufacturing PMI.
GER0200 ETGerman Mar retail sales expected +0.5% m/m and +3.1% y/y, Feb -0.1% m/m and +3.1% y/y.
0355 ETGerman Apr unemployment change expected -15,000, Mar -14,000. Apr unemployment rate expected unch at 6.4%.
UK0430 ETUK Apr Lloyds business barometer, Mar 53.
EUR0500 ETEurozone Apr CPI estimate expected unch y/y, Mar -0.1% y/y. Apr core CPI expected +0.6% y/y, Mar +0.6% y/y.
0500 ETEurozone Mar unemployment rate expected -0.1 to 11.2%, Feb 11.3%.
CHI2100 ETChina Apr manufacturing PMI expected -0.1 to 50.0, Mar 50.1. Apr non-manufacturing PMI, Mar 53.7.
U.S. STOCK CALENDAR04/30/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Air Products & Chemicals IncAPD USBef-mktQ2 2015 Earnings ReleaseQ2 20151.547
Airgas IncARG USBef-mktQ4 2015 Earnings ReleaseQ4 20151.143
Automatic Data Processing IncADP USBef-mktQ3 2015 Earnings ReleaseQ3 20151.019
Ball CorpBLL USBef-mktQ1 2015 Earnings ReleaseQ1 20150.79
Coca-Cola Enterprises IncCCE USBef-mktQ1 2015 Earnings ReleaseQ1 20150.403
Colgate-Palmolive CoCL USBef-mktQ1 2015 Earnings ReleaseQ1 20150.659
Host Hotels & Resorts IncHST USBef-mktQ1 2015 Earnings ReleaseQ1 20150.333
Marsh & McLennan Cos IncMMC USBef-mktQ1 2015 Earnings ReleaseQ1 20150.86
NiSource IncNI USBef-mktQ1 2015 Earnings ReleaseQ1 20150.809
ConocoPhillipsCOP USBef-mktQ1 2015 Earnings ReleaseQ1 2015-0.218
Pitney Bowes IncPBI USBef-mktQ1 2015 Earnings ReleaseQ1 20150.406
SCANA CorpSCG USBef-mktQ1 2015 Earnings ReleaseQ1 20151.249
Cardinal Health IncCAH USBef-mktQ3 2015 Earnings ReleaseQ3 20151.157
Celgene CorpCELG USBef-mktQ1 2015 Earnings ReleaseQ1 20151.059
BorgWarner IncBWA USBef-mktQ1 2015 Earnings ReleaseQ1 20150.842
Martin Marietta Materials IncMLM USBef-mktQ1 2015 Earnings ReleaseQ1 20150.096
AmerisourceBergen CorpABC USBef-mktQ2 2015 Earnings ReleaseQ2 20151.189
Rockwell Automation IncROK USBef-mktQ2 2015 Earnings ReleaseQ2 20151.418
L-3 Communications Holdings IncLLL USBef-mktQ1 2015 Earnings ReleaseQ1 20151.542
Quanta Services IncPWR USBef-mktQ1 2015 Earnings ReleaseQ1 20150.405
CME Group Inc/ILCME USBef-mktQ1 2015 Earnings ReleaseQ1 20150.948
Time Warner Cable IncTWC USBef-mktQ1 2015 Earnings ReleaseQ1 20151.884
Xcel Energy IncXEL USBef-mktQ1 2015 Earnings ReleaseQ1 20150.493
Fidelity National Information Services IncFIS USBef-mktQ1 2015 Earnings ReleaseQ1 20150.654
Viacom IncVIAB USBef-mktQ2 2015 Earnings ReleaseQ2 20151.064
Marathon Petroleum CorpMPC USBef-mktQ1 2015 Earnings ReleaseQ1 20152.854
Delphi Automotive PLCDLPH USBef-mktQ1 2015 Earnings ReleaseQ1 20151.173
Allegion PLCALLE USBef-mktQ1 2015 Earnings ReleaseQ1 20150.468
Cigna CorpCI US6:30Q1 2015 Earnings ReleaseQ1 20151.845
American Tower CorpAMT US7:00Q1 2015 Earnings ReleaseQ1 20151.11
Sealed Air CorpSEE US7:00Q1 2015 Earnings ReleaseQ1 20150.419
Mosaic Co/TheMOS US7:00Q1 2015 Earnings ReleaseQ1 20150.742
Xylem Inc/NYXYL US7:00Q1 2015 Earnings ReleaseQ1 20150.313
Invesco LtdIVZ US7:30Q1 2015 Earnings ReleaseQ1 20150.603
Zimmer Holdings IncZMH US7:30Q1 2015 Earnings ReleaseQ1 20151.583
Exxon Mobil CorpXOM US8:00Q1 2015 Earnings ReleaseQ1 20150.821
Harman International Industries IncHAR US8:00Q3 2015 Earnings ReleaseQ3 20151.274
Pitney Bowes IncPBI US8:00Q1 2015 Earnings CallQ1 2015
Morgan StanleyMS US8:00Fixed Income Investor Call
Zimmer Holdings IncZMH US8:00Q1 2015 Earnings CallQ1 2015
Phillips 66PSX US8:00Q1 2015 Earnings ReleaseQ1 20151.432
Automatic Data Processing IncADP US8:30Q3 2015 Earnings CallQ3 2015
Cigna CorpCI US8:30Q1 2015 Earnings CallQ1 2015
Marsh & McLennan Cos IncMMC US8:30Q1 2015 Earnings CallQ1 2015
Cardinal Health IncCAH US8:30Q3 2015 Earnings CallQ3 2015
Rockwell Automation IncROK US8:30Q2 2015 Earnings CallQ2 2015
American Tower CorpAMT US8:30Q1 2015 Earnings CallQ1 2015
Sealed Air CorpSEE US8:30Q1 2015 Earnings CallQ1 2015
CME Group Inc/ILCME US8:30Q1 2015 Earnings CallQ1 2015
Time Warner Cable IncTWC US8:30Q1 2015 Earnings CallQ1 2015
Fidelity National Information Services IncFIS US8:30Q1 2015 Earnings CallQ1 2015
Viacom IncVIAB US8:30Q2 2015 Earnings CallQ2 2015
Delphi Automotive PLCDLPH US8:30Q1 2015 Earnings CallQ1 2015
Allegion PLCALLE US8:30Q1 2015 Earnings CallQ1 2015
Host Hotels & Resorts IncHST US9:00Q1 2015 Earnings CallQ1 2015
NiSource IncNI US9:00Q1 2015 Earnings CallQ1 2015
Eversource EnergyES US9:00Q1 2015 Earnings CallQ1 2015
SCANA CorpSCG US9:00Annual General MeetingY 2015
Unum GroupUNM US9:00Q1 2015 Earnings CallQ1 2015
Celgene CorpCELG US9:00Q1 2015 Earnings CallQ1 2015
Noble Corp plcNE US9:00Q1 2015 Earnings CallQ1 2015
Invesco LtdIVZ US9:00Q1 2015 Earnings CallQ1 2015
QEP Resources IncQEP US9:00Q1 2015 Earnings CallQ1 2015
Mosaic Co/TheMOS US9:00Q1 2015 Earnings CallQ1 2015
Xylem Inc/NYXYL US9:00Q1 2015 Earnings CallQ1 2015
Williams Cos Inc/TheWMB US9:30Q1 2015 Earnings CallQ1 2015
BorgWarner IncBWA US9:30Q1 2015 Earnings CallQ1 2015
Quanta Services IncPWR US9:30Q1 2015 Earnings CallQ1 2015
Air Products & Chemicals IncAPD US10:00Q2 2015 Earnings CallQ2 2015
Coca-Cola Enterprises IncCCE US10:00Q1 2015 Earnings CallQ1 2015
EMC Corp/MAEMC US10:00Annual General Meeting
Lincoln National CorpLNC US10:00Q1 2015 Earnings CallQ1 2015
Marriott International Inc/MDMAR US10:00Q1 2015 Earnings CallQ1 2015
Xcel Energy IncXEL US10:00Q1 2015 Earnings CallQ1 2015
Marathon Petroleum CorpMPC US10:00Q1 2015 Earnings CallQ1 2015
Airgas IncARG US11:00Q4 2015 Earnings CallQ4 2015
Ball CorpBLL US11:00Q1 2015 Earnings CallQ1 2015
Colgate-Palmolive CoCL US11:00Q1 2015 Earnings CallQ1 2015
Corning IncGLW US11:00Annual General MeetingY 2015
Exxon Mobil CorpXOM US11:00Q1 2015 Earnings CallQ1 2015
Harman International Industries IncHAR US11:00Q3 2015 Earnings CallQ3 2015
Snap-on IncSNA US11:00Annual General MeetingY 2015
Torchmark CorpTMK US11:00Annual General MeetingY 2015
Ensco PLCESV US11:00Q1 2015 Earnings CallQ1 2015
AmerisourceBergen CorpABC US11:00Q2 2015 Earnings CallQ2 2015
Valero Energy CorpVLO US11:00Annual General MeetingY 2015
L-3 Communications Holdings IncLLL US11:00Q1 2015 Earnings CallQ1 2015
ConocoPhillipsCOP US12:00Q1 2015 Earnings CallQ1 2015
HCP IncHCP US12:30Annual General MeetingY 2015
Murphy Oil CorpMUR US13:00Q1 2015 Earnings CallQ1 2015
Phillips 66PSX US13:00Q1 2015 Earnings CallQ1 2015
Macerich Co/TheMAC US13:30Q1 2015 Earnings CallQ1 2015
Martin Marietta Materials IncMLM US14:00Q1 2015 Earnings CallQ1 2015
Realty Income CorpO US14:30Q1 2015 Earnings CallQ1 2015
SCANA CorpSCG US15:00Q1 2015 Earnings CallQ1 2015
HCA Holdings IncHCA US15:00Annual General MeetingY 2015
Western Union Co/TheWU US16:00Q1 2015 Earnings ReleaseQ1 20150.38
Gilead Sciences IncGILD US16:05Q1 2015 Earnings ReleaseQ1 20152.32
Gilead Sciences IncGILD US16:30Q1 2015 Earnings CallQ1 2015
Western Union Co/TheWU US16:30Q1 2015 Earnings CallQ1 2015
Expedia IncEXPE US16:30Q1 2015 Earnings CallQ1 2015
PerkinElmer IncPKI US17:00Q1 2015 Earnings CallQ1 2015
Skyworks Solutions IncSWKS US17:00Q2 2015 Earnings CallQ2 2015
Eastman Chemical CoEMN US17:00Q1 2015 Earnings ReleaseQ1 20151.595
First Solar IncFSLR US17:00Q1 2015 Earnings CallQ1 2015
Visa IncV US17:00Q2 2015 Earnings CallQ2 2015
American International Group IncAIG USAft-mktQ1 2015 Earnings ReleaseQ1 20151.194
PerkinElmer IncPKI USAft-mktQ1 2015 Earnings ReleaseQ1 20150.462
Leggett & Platt IncLEG USAft-mktQ1 2015 Earnings ReleaseQ1 20150.452
Public StoragePSA USAft-mktQ1 2015 Earnings ReleaseQ1 20151.95
Skyworks Solutions IncSWKS USAft-mktQ2 2015 Earnings ReleaseQ2 20151.127
Flowserve CorpFLS USAft-mktQ1 2015 Earnings ReleaseQ1 20150.701
Apartment Investment & Management CoAIV USAft-mktQ1 2015 Earnings ReleaseQ1 20150.513
Fluor CorpFLR USAft-mktQ1 2015 Earnings ReleaseQ1 20150.984
Expedia IncEXPE USAft-mktQ1 2015 Earnings ReleaseQ1 20150.065
First Solar IncFSLR USAft-mktQ1 2015 Earnings ReleaseQ1 2015-0.284
Visa IncV USAft-mktQ2 2015 Earnings ReleaseQ2 20150.624
Fluor CorpFLR US17:30Q1 2015 Earnings CallQ1 2015
EOG Resources IncEOG USAnnual General Meeting
HCP IncHCP USAnnual General Meeting
Kimberly-Clark CorpKMB USAnnual General Meeting
Public StoragePSA USAnnual General Meeting
Capital One Financial CorpCOF USAnnual General Meeting
Fluor CorpFLR USAnnual General MeetingY 2015
Mead Johnson Nutrition CoMJN USAnnual General Meeting
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