Corium International - All Time High

Corium International (CORI) is the Barchart Chart of the Day.  The generic drug company has a Trend Spotter buy signal, a Weighted Alpha of 119.71+ and gained 83.10% in the last year.

The Chart of the Day belongs to Corium International (CORI).  I found the stock by sorting today's 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 4/29 the stock gained 42.7%.

Corium International, Inc. is a commercial-stage biopharmaceutical company. It is focused on the development, manufacture and commercialization of specialty pharmaceutical products that leverage advanced technologies in transdermal and transmucosal delivery systems. Corium has developed six marketed products in the prescription drug and consumer markets: Clonidine Transdermal Delivery System for hypertension, Fentanyl TDS for chronic pain and four Crest Advanced Seal Whitestrips products. The company has two proprietary transdermal technology platforms with applications in multiple drug categories and indications: Corplex(TM) and MicroCor(R). Corium International, Inc. is headquartered in Menlo Park, California. 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 15 new highs and up 48.67% in the last month Relative Strength Index 78.72% Barchart computes a technical support level at 11.04 Recently traded at 12.89 with a 50 day moving average of 8.52 Fundamental factors: Market Cap $232.92 million Revenue expected to grow 1.70% this year and another 26.60% next year Earnings estimated to increase 14.50% this year and an additional 30.60% next year Wall Street analysts issued 3 strong buy recommendations on the stock The most reliable technical trading strategy for this stock has been the price vs the 100 day moving average.

Omnicare - All Time High

Omnicare (OCR) is the Barchart Chart of the Day.  The medical services company has a Trend Spotter buy signal, a Weighted Alpha of 61.97+, gained 53.57% last year and paid a .95% dividend.

The Chart of the Day belongs to Omnicare (OCR).  I found the stock by sorting today's 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 in 3/18 the stock gained 21.95%.

Omnicare, Inc., a Fortune five hundred company based in Covington, Kentucky, is a leading provider of pharmaceutical care for the elderly. Omnicare serves residents in long-term care facilities and other chronic care settings comprising beds in fourteen states, the District of Columbia and Canada. Omnicare is the largest U.S. provider of professional pharmacy, related consulting and data management services for skilled nursing, assisted living and other institutional healthcare providers as well as for hospice patients in homecare and other settings. Omnicare's pharmacy services also include distribution and patient assistance services for specialty pharmaceuticals. Omnicare offers clinical research services for the pharmaceutical and biotechnology industries in thirty countries worldwide.

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
• 9 new highs and up 18.32% in the last month
• Relative Strength Index 82.24%
• Barchart computes a technical support level at 91.50
• Recently traded at 95.92 with a 50 day moving average of 82.80

Fundamental factors:

• Market Cap $9.29 billion
• P/E 24.05
• Dividend yield .95%
• Revenue expected to grow 4.70% this year and another 6.00% next year
• Earnings estimated to increase by 11.80% this year, an additional 10.80% next year and continue to increase at an annual rate of 13.15% for the next 5 years
• Wall Street analysts issued 1 strong buy , 5 buy and 3 hold recommendations on the stock

The most reliable technical trading strategy on this stock has been the 100 day moving average vs. the price.  I'd recommend you continue to use it to gauge entry and exit points.

Waters Corp - All Time High

Waters Corp (WAT) is the Barchart Chart of the Day.  The analytical instrument company has a Trend Spotter buy signal, a Weighted Alpha of 38.10+ and gained 33.45% in the last year.

The Chart of the Day belongs to Waters Corp (WAT).   I found the stock by sorting today's 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 4/28 the stock gained 7.30%.

Waters Corporation is a holding company which owns only and all of the outstanding common stock of Waters Technologies Corporation, the operating subsidiary. It operates in the analytical instrument industry, with manufacturing and distribution expertise in three complementary technologies: high performance liquid chromatography instruments, chromatography columns and other consumables, and related service; mass spectrometry instruments that can be integrated and used along with other analytical instruments; and thermal analysis and rheology instruments.

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 8.66% in the last month
• Relative Strength Index 77.38%
• Barchart computes a technical support level at 131.53
• Recently traded at 134.76 with a 50 day moving average of 125.64

Fundamental factors:

• Market Cap $11.14 billion
• P/E 22.67
• Revenue expected to grow .70% this year and another 5.90% next year
• Earnings estimated to increase 5.50% this year, an additional 9.50% next year and continue to increase at an annual rate of 9.13% for the next 5 years
• Wall Street analysts issued 1 strong buy, 2 buy, 16 hold and 1 under perform recommendations on the stock

None of the regular technical trading strategies have been reliable on this stock so I'd recommend you use a moving stop loss 10% below the most recent high.

BARCHART MORNING CALL 5/20

BARCHART MORNING CALL

Wednesday, May 20th, 2015View 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

June E-mini S&Ps (ESM15 +0.05%) this morning are little changed as the market awaits today's FOMC meeting minutes. The Euro Stoxx 50 index this morning is mildly lower by -0.20%. Asian stocks today closed mixed: Japan +0.85%, Hong Kong -0.39%, China +0.65%, Taiwan -0.32%, Australia -0.09%, Singapore -0.42%, South Korea +0.93%, India +0.69%, Turkey -1.07%.
The dollar index (DXY00 +0.30%) this morning is up +0.21%. EUR/USD is seeing continued weakness and is down -0.0046 (-0.41%) this morning on yesterday's news that the ECB will slightly expand QE in May-June to account for lower liquidity over the summer. USD/JPY is up +0.24 (+0.20%). June 10-year T-notes (ZNM15 +0.04%) are unchanged this morning. June bunds are up +0.26 points.
Commodity prices are unchanged on net this morning. July WTI crude oil is up +0.56 (+0.97%) on some short-covering after yesterday's plunge. July gasoline is up +0.0243 (+1.23%). July natural gas is up +0.027 (+0.90%).
Precious metals prices are trading slightly higher this morning on some short-covering after Tuesday's sharp sell-off. Jun gold this morning is up +2.0 (+0.17%) and July silver is up +0.064 (+0.37%). July copper is down -0.013 (-0.44%). Grain and softs prices are trading moderately lower this morning.
The Japan Q1 GDP report of +2.4% (q/q annualized) was stronger than market expectations of +1.6%, although Q4 was revised lower to +1.1% from +1.5%.
The Bank of England policy minutes were a bit hawkish as they said that slack in the UK economy will probably be eroded within a year, which signals that potential future inflation pressures may then require a rate hike. For now, the Monetary Policy Committee voted 9-0 to keep its base rate unchanged at 0.50%.
The ECB later today will likely raise the Greek Emergency Lending Assistance (ELA) facility from the current 80 billion euros, adding to last week's hike of 2.0 billion euros.

U.S. STOCK PREVIEW

Key U.S. reports today include: (1) the weekly MBA mortgage applications report (last week was -3.5% with purchase sub-index -0.2% and refi sub-index -5.9%), (2) the minutes from the Apr 28-29 FOMC meeting, and (3) a speech by Chicago Fed President Charles Evans about the economy and monetary policy at the NABE International Symposium in Munich.
There are 7 of the S&P 500 companies report earnings today: Target (consensus $1.02), Hormel Foods (0.63), Lowe's (0.74), Staples (0.17), L Brands (0.60), NetApp (0.72), Salesforce.com (0.14).
U.S. IPO's scheduled to price today include: Press Ganey Holdings (PGND), Baozun (BZUN), Community Healthcare Trust (CHCT), Shopify (SHOP), Dicerna Pharmaceuticals (DRNA), Malibu Boats (MBUU).
Equity conferences this week include: JPMorgan Global Technology, Media and Telecom Conference on Mon-Wed, UBS Global Health Care Conference on Mon-Wed, Electrical Products Group Spring Conference on Mon-Wed, EPG Conference on Mon-Wed, Goldman Sachs Basic Materials Conference on Tue-Wed, Barclays America Select Conference on Tue-Wed, Wolfe Research Global Transportation Conference on Tue-Wed, LME Week Asia 2015 on Wed, BMO Farm to Market Conference on Wed-Thu, Janney Montgomery Scott-Company Marketing: Biotechnology-Southeast on Fri.
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 -0.06%, Dow Jones +0.07%, Nasdaq -0.17%. The S&P 500 on Tuesday closed little changed on offsetting factors. Stocks were supported by the sharp +20.2% increase in April U.S. housing starts to a 7-1/3 year high, although that also meant the Fed might tighten sooner rather than later. U.S. stocks also received a boost from a rally in European stocks on the ECB’s statement that it will boost the size of its QE program in May-June to offset lower liquidity during the summer. Stocks were undercut by a -4.4% slump in Wal-Mart on a disappointing earnings report and by weakness in energy producers after the sharp -3.74% sell-off in crude oil prices.

OVERNIGHT U.S. STOCK MOVERS

• Hormel Foods (HRL +0.13%) reported Q2 EPS of 67 cents, mildly above the consensus of 63 cents. Q2 revenue of $2.3 billion was slightly below the consensus of $2.40 billion.
• Lowe's (LOW -1.68%) reported Q1 EPS of 70 cents, mildly below the consensus of 74 cents. Q1 revenue of $14.13 billion was slightly below the consensus of $14.28 billion.
• Staples (SPLS -0.42%) reported Q1 non-GAAP EPS of 17 cents, matching the consensus. Q1 revenue of $5.26 billion was below the consensus of $5.47 billion.
• Northrop Grumman (NOC +0.58%) increased its quarterly dividend by 14% to 80 cents/share.
• Yahoo (YHOO -7.62%) said this morning that the IRS statement on spin-offs will not affect its previously filed requests.
• LendingClub (LC +1.50%) rallied nearly 3% in after-hours trading after Morgan Stanley upgraded the stock to Overweight from Equal Weight.
• Autodesk (ADSK -1.51%) fell 2% in after-hours trading due to a disappointing earnings report.
• Norwegian Cruise Line (NCLH +3.26%) fell -2.5% in after-hours trading after filing to sell 20 million of ordinary shares.

MARKET COMMENTS

June 10-year T-notes are unchanged this morning, awaiting today's FOMC meeting minutes. Tuesday's closes: TYM5 -11.00, FVM5 -8.50. Jun T-notes on Tuesday closed lower on the +20.2% surge in U.S. April housing starts and increased concern about a Fed rate hike. However, T-notes found support from the sharp sell-off in oil prices that undercut inflation expectations and from carry-over support from the +0.38 point rally in June Bund prices.
The dollar index this morning is up +0.21%. EUR/USD is seeing continued weakness and is down -0.0046 (-0.41%) this morning on yesterday's news that the ECB will slightly expand QE in May-June to account for lower liquidity over the summer. USD/JPY is up +0.24 (+0.20%). Tuesday's closes: Dollar Index +1.083 (+1.15%), EUR/USD -0.0165 (-1.46%), USD/JPY +0.70 (+0.58%). The dollar index on Tuesday closed sharply higher for the second straight day on the sharp +20.2% increase in U.S. April housing starts and on EUR weakness sparked by the news that the ECB is boosting the size of QE in May-June to offset reduced liquidity during the summer.
July WTI crude oil is up +0.56 (+0.97%) on some short-covering after yesterday's plunge. July gasoline is up +0.0243 (+1.23%). Tuesday's closes: CLN5 -2.25 (-3.74%), RBN5 -0.0376 (-1.85%). Jul crude oil and gasoline prices on Tuesday closed sharply lower on the sharp rally in the dollar index and on expectations for the U.S. and world oil supply glut to continue.

GLOBAL EVENT CALENDAR05/20/2015

US	0300 ET	Chicago Fed President Charles Evans speaks about the economy and monetary policy at the NABE International Symposium in Munich.
	0700 ET	Weekly MBA mortgage applications, previous -3.5% with purchase sub-index -0.2% and refi sub-index -5.9%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1400 ET	Minutes of the Apr 28-29 FOMC meeting.
JPN	0100 ET	Revised Japan Mar leading index CI, previous 105.5. Revised Mar coincident index, previous 109.5.
	0200 ET	Revised Japan Apr machine tool orders, previous +10.4% y/y.
	2135 ET	Japan May Markit/JMMA manufacturing PMI expected +0.4 to 50.3, Apr 49.9.
GER	0200 ET	German Apr PPI expected +0.2% m/m and -1.4% y/y, Mar +0.1% m/m and -1.7% y/y.
UK	0430 ET	Minutes of the May 11 BOE meeting.
EUR	0500 ET	Eurozone Mar construction output, Feb -1.8% m/m and -3.7% y/y.
CHI	2145 ET	China May HSBC flash manufacturing PMI expected +0.4 to 50.3, Apr 49.9.

U.S. STOCK CALENDAR05/20/2015

Company	Ticker	Time	Event Description	Period	Estimate
Target Corp	TGT US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.021
Hormel Foods Corp	HRL US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.625
Lowe's Cos Inc	LOW US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.737
Progressive Corp/The	PGR US	Bef-mkt	April 2015 Sales and Revenue Release	2015
Staples Inc	SPLS US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.172
Hormel Foods Corp	HRL US	8:00	Q2 2015 Earnings Call	Q2 2015
Northrop Grumman Corp	NOC US	8:00	Annual General Meeting	Y 2015
Staples Inc	SPLS US	8:00	Q1 2016 Earnings Call	Q1 2016
Johnson & Johnson	JNJ US	8:30	Investor Meeting	Y 2015
Lowe's Cos Inc	LOW US	9:00	Q1 2016 Earnings Call	C1 2016
Lowe's Cos Inc	LOW US	9:00	Q1 2016 Earnings Call	Q1 2016
Altria Group Inc	MO US	9:00	Annual General Meeting	Y 2015
Thermo Fisher Scientific Inc	TMO US	9:00	Analyst Meeting	Y 2015
Total System Services Inc	TSS US	9:00	Analyst Day	Y 2015
Xerox Corp	XRX US	9:00	Annual General Meeting	Y 2015
State Street Corp	STT US	9:00	Annual General Meeting	Y 2015
Halliburton Co	HAL US	10:00	Annual General Meeting
ONEOK Inc	OKE US	10:00	Annual General Meeting	Y 2015
Universal Health Services Inc	UHS US	10:00	Annual General Meeting
Fossil Group Inc	FOSL US	10:00	Annual General Meeting
Mondelez International Inc	MDLZ US	10:00	Annual General Meeting	Y 2015
Target Corp	TGT US	10:30	Q1 2016 Earnings Call	Q1 2016
CenturyLink Inc	CTL US	11:00	Annual General Meeting	Y 2015
Fiserv Inc	FISV US	11:00	Annual General Meeting
American Tower Corp	AMT US	11:00	Annual General Meeting
Xcel Energy Inc	XEL US	12:00	Annual General Meeting	Y 2015
Hartford Financial Services Group Inc/The	HIG US	12:30	Annual General Meeting	Y 2015
Thermo Fisher Scientific Inc	TMO US	13:00	Annual General Meeting	Y 2015
Travelers Cos Inc/The	TRV US	13:30	Annual General Meeting	Y 2015
NVIDIA Corp	NVDA US	13:30	Annual General Meeting	Y 2015
CME Group Inc/IL	CME US	16:30	Annual General Meeting	Y 2015
NetApp Inc	NTAP US	17:00	Q4 2015 Earnings Call	Q4 2015
Salesforce.com inc	CRM US	17:00	Q1 2016 Earnings Call	Q1 2016
L Brands Inc	LB US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.6
NetApp Inc	NTAP US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	0.723
Salesforce.com inc	CRM US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.138
PPL Corp	PPL US		Annual General Meeting
Pinnacle West Capital Corp	PNW US		Annual General Meeting
Ross Stores Inc	ROST US		Annual General Meeting	Y 2015
DENTSPLY International Inc	XRAY US		Annual General Meeting
Amphenol Corp	APH US		Annual General Meeting
Pioneer Natural Resources Co	PXD US		Annual General Meeting
FirstEnergy Corp	FE US		Investor Meeting	Y 2015
Discovery Communications Inc	DISCA US		Annual General Meeting
First Solar Inc	FSLR US		Annual General Meeting

Torchmark - All Time High

Torchmark (TMK) is the Bacrahrt Chart of the Day.  The life insurance stock has a Trend Spotter buy signal, a  Weighted Alpha of 9.40+, gained 7.51% in the last year and paid a .96% dividend.


The Chart of the Day is Torchmark (TMK).  I found the stock by sorting today's 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 2/11 the stock gained 5.63%.

Torchmark Corporation is a financial services holding company specializing in life and supplemental health insurance for middle income Americans marketed through multiple distribution channels including direct response, exclusive and independent agencies.

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 2.07% in the last month
• Relative Strength Index 65.47%
• Barchart computes a technical support level at 56.73
• Recently traded at 57.66 with a 50 day moving average of 55.77

Fundamental factors:

• Market Cap $7.33 billion
• P/E 13.94
• Dividend yield .96
• Revenue expected to grow 1.90% this year and another 2.90% next year
• Earnings estimated to increase 5.60% this year, an additional 9.30% next year and continue to increase at an annual rate of 8.44% for the next 5 years
• Wall Street analysts issued 1 buy, 12 hold, 2 under perform and 1 sell re commendation 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.

AVERY DENNISON - BEST LARGE CAP

Today I wanted to find the best Large Cap stock so I used Barchart to sort the S&P 500 Large Cap Index stocks to see which stock had the most advances in the last month.  Avery Dennison (AVY) was at the top of the list with 17 advances in the last 20 trading sessions.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 18.99% in the last month
• Relative Strength Index 81.97%
• Barchart computes a technical support level at 59.81
• Recently traded at 60.84 with a 50 day moving average of 54.25

BARCHART MORNING CALL 5/19

BARCHART MORNING CALL

Tuesday, May 19th, 2015View 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

June E-mini S&Ps (ESM15 +0.24%) this morning are up +5.50 points (+0.26%) on carry-over optimism from European stocks. The Euro Stoxx 50 index this morning is sharply higher by +1.7% after an ECB official said that the ECB will increase its QE buying in May and June ahead of lower liquidity during the summer. Asian stocks today closed mostly higher with a sharp +3.13% increase in China's Shanghai Composite: Japan +0.68%, Hong Kong +0.37%, Taiwan +1.15%, Australia -0.77%, Singapore -0.16%, South Korea +0.36%, India -0.15%.
The dollar index (DXY00 +0.81%) is up +0.67% as EUR/USD (^EURUSD) tumbled by -0.0106 (-0.94%) on the ECB's announcement that it will temporarily boost the size of QE during May and June. USD/JPY (^USDJPY) is slightly higher by +0.07 points (+0.06%). GBP/USD is down -0.87% this morning on the decline in the UK CPI rate to -0.1% y/y, which will keep BOE policy easy. June 10-year T-notes (ZNM15 +0.20%) are up +6.5 ticks on support from higher June bund prices, which are up +0.67 points.
Commodity prices are down -0.64% this morning on the rally in the dollar index. June WTI crude oil (CLN15 -0.81%) is down -0.51 (-0.85%), June Brent crude oil is down -0.63 (-0.95%), and May gasoline (RBN15 -0.50%) is down -0.0172 (-0.85%). May natural gas (NGN15 +1.80%) is up +0.036 (+1.18%).
Precious metals prices are trading lower this morning on the rally in the dollar index with Jun gold (GCM15 -0.64%) down -7.4 (-0.60%) and July silver (SIN15 -1.65%) down -0.317 (-1.79%). July copper (HGN15 -1.51%) is down -0.052 (-1.79%). Grain prices are trading lower while softs are mixed.
The ECB will increase its QE buying in May and June ahead of lower liquidity during the summer months, according to comments in a speech today by ECB Executive Board member Benoit Coeure. He said that "the slightly higher purchase volume that market analysts may observe in coming weeks is therefore unrelated to the recent episode of market volatility." The QE program involves the purchase of about 60 billion euros per month of securities and is due to last until Sep 2016 and total 1.1 trillion euros. Although Mr. Coeure said that the purchase adjustment is related to liquidity concerns, the outcome is having the ECB's desired effect today of pushing the euro lower and providing support for Eurozone bond prices.
Germany's May ZEW investor confidence index fell sharply by -11.4 points to 41.9 from 53.3 in April, which was substantially weaker than market expectations for a decline to 49. The decline in German investor confidence was driven by the weaker-than-expected German Q1 GDP report of +0.3% q/q, the recent jump in German bond yields, and worries about Greece.

U.S. STOCK PREVIEW

Key U.S. reports today include: (1) April housing starts (expected +9.9% to 1.018 million after March's +2.0% m/m to 926,000).
There are 6 of the S&P 500 companies report earnings today: Wal-Mart (consensus $1.05), Home Depot (1.15), TJX Cos (0.67), Computer Sciences (1.20), Analog Devices (0.72), Autodesk (0.28).
U.S. IPO's scheduled to price today include: none.
Equity conferences this week include: JPMorgan Global Technology, Media and Telecom Conference on Mon-Wed, UBS Global Health Care Conference on Mon-Wed, Electrical Products Group Spring Conference on Mon-Wed, EPG Conference on Mon-Wed, Asian Investment Summit on Tue, Nomura Gaming, Leisure and Lodging Conference on Tue, JPMorgan Chase Homebuilding and Building Products Conference on Tue, Goldman Sachs Basic Materials Conference on Tue-Wed, Barclays America Select Conference on Tue-Wed, Wolfe Research Global Transportation Conference on Tue-Wed, LME Week Asia 2015 on Wed, BMO Farm to Market Conference on Wed-Thu, Janney Montgomery Scott-Company Marketing: Biotechnology-Southeast on Fri.

June E-mini S&Ps this morning are up +5.50 points (+0.26%) on carry-over optimism from European stocks. Monday's closes: S&P 500 +0.30%, Dow Jones +0.14%, Nasdaq +0.42%. The S&P 500 on Monday climbed to a fresh all-time high and closed higher on continued hopes that the Fed may not ease until early 2016 after Chicago Fed President Evans said that “my current view is that my economic outlook and my assessment of the balance of risks will evolve in such a way that I likely will not feel confident enough to begin to raise rates until early next year.” Stocks also saw support from increased M&A activity after Endo International Plc agreed to buy Par Pharmaceutical Holdings for $8.05 billion and after Ascena Retail Group purchased Ann Inc. for $2.2 billion. Tech stocks received a boost from a rally of more than 1% in Apple after billionaire investor Icahn said Apple's stock price is worth $240 a share, over 86% higher than Friday's close, and that the company should increase its stock buyback program.

OVERNIGHT U.S. STOCK MOVERS

• Wal-Mart (WMT +0.86%) reported Q1 EPS of $1.03, which was 1 cent below the consensus of $1.04. Q1 revenue of $114.83 billion was below the consensus of $116.3 billion. EPS was knocked down by 3 cents by currency effects. Walmart's U.S. same-store sales were up +1.1%.
• Home Depot (HD +0.86%) reported Q1 EPS of $1.21, higher than the consensus of $1.15. Q1 revenue of $20.89 billion was slightly above the consensus of $20.82 billion. Q1 same-store sales rose 6.1%.
• Agilent (A +1.40%) reported Q2 EPS of 38 cents, slightly below the consensus of 39 cents. Q2 revenue of $963 million was below the consensus of $989.3 million.
• Urban Outfitters (URBN +2.85%) reported Q1 EPS of 25 cents, below the consensus of 30 cents. Q1 revenue of $739.01 million was below the consensus of $758.25 million.

MARKET COMMENTS

June 10-year T-notes are up +6.5 ticks on support from higher June bund prices, which are up +0.67 points. Monday's closes: TYM5 -21.00, FVM5 -10.75. Jun T-notes on Monday closed lower on carry-over weakness from a drop in German bund prices and on reduced safe-haven demand with the rally in the S&P 500 to a new record high.
The dollar index is up +0.67% as EUR/USD tumbled by -0.0106 (-0.94%) on the ECB's announcement that it will temporarily boost the size of QE during May and June. USD/JPY is slightly higher by +0.07 points (+0.06%). GBP/USD is down -0.87% this morning on the decline in the UK CPI rate to -0.1% y/y, which will keep BOE policy easy. Monday's closes: Dollar Index +1.086 (+1.17%), EUR/USD -0.01333 (-1.16%), USD/JPY +0.716 (+0.60%). The dollar index on Monday closed higher on weakness in EUR/USD as market concerns grow about the Greek banking system and the lack of progress in Greek bailout negotiations. USD/JPY received a boost after Japan Mar industrial production was revised lower to -0.8% m/m from -0.3%, which boosted speculation the BOJ may be forced to expand stimulus measures.
June WTI crude oil is down -0.51 (-0.85%), June Brent crude oil is down -0.63 (-0.95%), and May gasoline is down -0.0172 (-0.85%). Monday's closes: CLN5 -0.11 (-0.18%), RBN5 -0.0101 (-0.49%). Jul crude oil and gasoline on Monday closed lower on the stronger dollar and on higher Saudi Arabian oil production. The Joint Organizations Data Imitative (JODI) reported that Saudi March oil output rose to 10.29 million bpd, up +6.7% m/m and the most since at least Jan 2002 when JODI began collecting statistics.

GLOBAL EVENT CALENDAR05/19/2015

US	0830 ET	Apr housing starts expected +9.9% to 1.018 million, Mar +2.0% m/m to 926,000. Apr building permits expected +2.2% to 1.065 million, Mar -5.4% to 1.042 million.
EUR	0200 ET	Eurozone Apr new car registrations.
	0500 ET	Revised Eurozone Apr CPI, previous -0.1% y/y. Revised Apr core CPI, previous +0.6% y/y.
UK	0430 ET	UK Apr CPI expected +0.4% m/m and unch y/y, Mar +0.2% m/m and unch y/y. Apr core CPI expected +1.0% y/y, Mar +1.0% y/y.
	0430 ET	UK Apr RPI expected +0.4% m/m and +0.9% y/y, Mar +0.2% m/m and +0.9% y/y. Apr RPI ex-mortgage interest payments expected +0.9% y/y, Mar +0.9% y/y.
	0430 ET	UK Apr PPI input prices expected +0.8% m/m and -11.5% y/y, Mar +0.3% m/m and -13.0% y/y.
	0430 ET	UK PPI output prices expected +0.2% m/m and -1.6% y/y, Mar +0.2% m/m ad -1.7 y/y. Apr PPI output core prices expected unch m/m and +0.1% y/y, Mar unch m/m and +0.1% y/y.
	0430 ET	UK Mar ONS house prices, Feb +7.2% y/y.
GER	0500 ET	German May ZEW survey expectations of economic growth expected -4.3 to 49.0, Apr 53.3. May ZEW survey current situation expected -2.2 to 68.0, Apr 70.2.
JPN	0130 ET	Japan Apr nationwide department store sales, Mar -19.7% y/y.
	1950 ET	Japan Q1 GDP expected +1.6% q/q annualized, Q4 +1.5% q/q annualized, Q1 GDP deflator expected +3.6% y/y, Q4 +2.4% y/y.
	1950 ET	Japan Q1 GDP private consumption expected +0.2% q/q, Q4 +0.5% q/q. Q1 GDP business spending expected +0.6% q/q, Q4 -0.1% q/q.

U.S. STOCK CALENDAR05/19/2015

Company	Ticker	Time	Event Description	Period	Estimate
Home Depot Inc/The	HD US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.152
Wal-Mart Stores Inc	WMT US	7:00	Q1 2016 Earnings Release	Q1 2016	1.047
Wal-Mart Stores Inc	WMT US	7:00	Q1 2016 Earnings Call	Q1 2016
Baxter International Inc	BAX US	8:00	Investor Conference - Day 2	Y 2015
Home Depot Inc/The	HD US	9:00	Q1 2016 Earnings Call	Q1 2016
TJX Cos Inc/The	TJX US	9:30	Q1 2016 Earnings Release	Q1 2016	0.665
JPMorgan Chase & Co	JPM US	10:00	Annual General Meeting	Y 2015
TJX Cos Inc/The	TJX US	11:00	Q1 2016 Earnings Call	Q1 2016
Juniper Networks Inc	JNPR US	12:00	Annual General Meeting	Y 2015
Gap Inc/The	GPS US	13:00	Annual General Meeting
Essex Property Trust Inc	ESS US	13:00	Annual General Meeting	Y 2015
Computer Sciences Corp	CSC US	16:15	Q4 2015 Earnings Release	Q4 2015	1.198
Analog Devices Inc	ADI US	17:00	Q2 2015 Earnings Call	Q2 2015
Computer Sciences Corp	CSC US	17:00	Q4 2015 Earnings Call	Q4 2015
Autodesk Inc	ADSK US	17:00	Q1 2016 Earnings Call	Q1 2016
Analog Devices Inc	ADI US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.719
Autodesk Inc	ADSK US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.282
Equifax Inc	EFX US		Investor Meeting - Amsterdam	Y 2015
Southwestern Energy Co	SWN US		Annual General Meeting
Skyworks Solutions Inc	SWKS US		Annual General Meeting
Range Resources Corp	RRC US		Annual General Meeting
Morgan Stanley	MS US		Annual General Meeting
Allstate Corp/The	ALL US		Annual General Meeting
Diamond Offshore Drilling Inc	DO US		Annual General Meeting
Principal Financial Group Inc	PFG US		Annual General Meeting
Boston Properties Inc	BXP US		Annual General Meeting
FirstEnergy Corp	FE US		Annual General Meeting	Y 2015

JM Smuckers - Barchart's Chart of the Day

JM Smucker's (SJM) is the Barchart Chart of the Day.  The diversified foods stock has a Trend Spotter buy signal, a Weighted Alpha of 21.70+, gained 20.40% in the last year while paying a 2.16% dividend.

The Chart of the Day belongs to JM Smuckers (SJM).  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 3/25 the stock gained 3.52%.

The J.M. Smucker Company, headquartered in Orrville, Ohio is the leading marketer of jams, jellies, preserves, and other fruit spreads in the U.S. They are also the leader in dessert toppings, natural peanut butter, and health and natural foods juice products, and market a wide variety of other specialty products throughout the U.S. and in many foreign countries. In the fruit spreads category, they also hold the leadership position in Australia and Canada.

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
• 4 new highs and up 1.06% in the last month
• Relative Strength Index 61.22%
• Barchart computes a technical support level at 117.56
• Recently traded at 118.67 with a 50 day moving average of 115.61

Fundamental factors:

• Market Cap $ 12.08 billion
• P/E 21.06
• Dividend yield 2.16%
• Revenue expected to grow .10% this year and another 43.30% next year
• Earnings estimated to decrease by 4.60% this year, increase again by 8.60% next year and continue to compound annually at a rate of 5.63% for the next 5 years
• Wall Street analysts issued 3 strong buy, 6 buy, 8 hold and 1 under perform recommendations on the stock

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

Seeking Alpha's Top Stocks

On Seeking Alpha's Sitemap under TOP STOCK ANALYSIS they list 9 stocks: Apple (AAPL), Bank of America (BAC), General Electric (GE), Facebook (FB), Microsoft (MSFT), Ford (F), Citigroup (C), Intel (INTC) and Cisco Systems (CSCO).  Well how do their numbers stack up under the Barchart technical indicators?

Apple (AAPL)

Barchart technical indicators:

• 72% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 up days and a 4.14% gain for the last month
• Relative Strength Index 57.11%
• Barchart computes a technical support level at 127.54
• Recently traded at 129.95 with a 50 day moving average of 126.63

Bank of America (BAC)

Barchart technical indicators:

• 40% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• Up 7 times for a gain of 5.98% in the last month
• Relative Strength Index 62.20%
• Barchart computes a technical support level at 16.17
• Recently traded at 16.48 with a 50 day moving average of 15.87

General Electric (GE)

Barchart technical indicators:

• 64% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• Up 2 times for a gain of .37% in the last month
• Relative Strength Index 58.03%
• Barchart computes a technical support level at 27.13
• Recently traded at 27.36 with a 50 day moving average of 26.27

Facebook (FB)

Barchart technical indicators:

• 32% Barchart technical buy signal
• Trend Spotter sell signal
• Above its 20 and 100 day moving averages but below its 50 day moving average
• Up 4 days but down in the last month by .17%
• Relative Strength Index 52.29%
• Barchart computes a technical support level at 79.37
• Recently traded at 80.77 which is below its 50 day moving average of 81.03

Microsoft (MSFT)

Barchart technical indicators:

• 48% Barchat technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 14.72% in the last month
• Relative Strength Index 59.86%
• Barchart computes a technical support level at 47.56
• Recently traded at 47.81 with a 50 day moving average of 43.93

Ford (F)

Barchart technical indicators:

• 72% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 14.65% off its recent high and down 1.65% for the month
• Relative Strength Index 42.70%
• Recently traded at 15.50 which is below its 50 day moving average of 15.93

Citigroup (C)

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 3.24% in the last month
• Relative Strength Index 61.67%
• Barchart computes a technical support level at 53.71
• Recently traded at 54.88 with a 50 day moving average of 52.41

Intel (INTC)

Barchart technical indicators:

• 32% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20 and 50 day moving averages but below its 100 day moving average
• 5 new highs and up 2.13% in the last month
• Relative Strength Index 56.87%
• Barchart computes a technical support level at 32.58
• Recently traded at 33.15 with a 50 day moving average of 31.92

Cisco Systems (CSCO)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 6.77% in the last month
• Relative Strength Index 64.95%
• Barchart computes a technical support level at 28.85
• Recently traded at 29.78 with a 50 day moving average of 28.39