Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2015-06-07

Friday, June 12, 2015

TrovaGene - All Time High

TrovaGene (TROV) is the Barchart Chart of the Day. The biomedical company has a Trend Spotter buy signal, a Weighted Alpha of 319.00+ and gained 250.66% in the last year.

The Chart of the Day is TrovaGene (TROV). I found the stock by using Barchart to sort 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 on 5/1 the stock gained 56.17%.

TrovaGene is a molecular diagnostic company that focuses on the development of DNA-based tests using Transrenal DNA. Their patented technology uses safe and simple urine collection and can be applied to a broad range of applications, including prenatal testing, tumor detection and monitoring, tissue transplantation, infectious disease detection, genetic testing for forensic identity determination, drug development, and research to counter bioterrorism.

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 17.51% in the last month'
Relative Strength Index 75.75%
Barchart computes a technical support level at 12.02
Recently traded at 13.29 with a 50 day moving average of 9.57

Fundamental factors:

Market Cap $323.88 million
Revenue expected to grow 435.70% this year and another 428.00% next year
Earnings estimated to increase 13.10% next year
Wall Street analysts issued 1 strong buy and 3 buy recommendations on the stock

I'd advise you use a trailing stop loss 10% below the most recent high to protect your gains.

Thursday, June 11, 2015

Zoe's Kitchen - All Time High

Zoe's Kitchen (ZOES) is the Barchart Chart of the Day. The restaurant chain has a Trend Spotter buy signal, a Weighted Alpha of 32.40+ and gained 29.52% in the last year.

The Chart of the Day belongs to Zoe's Kitchen (ZOES). I found the stock by using Barchart to sort today's All Time High list for the stocks with the best technical buy signals, then used he Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 6/5 the stock rose 10.93%.

Zoe's Kitchen Inc. operates as a fast casual restaurant concept serving Mediterranean-style food. The company operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. It also grants licenses to qualified franchisees to construct and operate Zoe's Kitchen restaurants. Zoe's Kitchen, Inc. is based in Plano, Texas.

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
8 new highs and up 20.35% in the last month
Relative Strength Index 77.09%
Barchart computes a technical support level at 39.18
Recently traded at 44.28 with a 50 day moving average of 33.36

Fundamental factors:

Market Cap $778.21
P/E 548.86
Revenue expected to grow 29.80% this year and another 23.00% next year
Earnings estimated to increase 300.00% this year, an additional 100.00% next year and continue to increase at an annual rate of 30.00% for the next 5 years
Wall Street analysts issued 3 strong buy, 1 buy and 4 hold recommendations on the stock

The normal technical trading strategies haven't worked well on this stock so my advice is to use a trailing stop loss 10% below the most recent high to preserve your gains.

Best of the Dow

Today I wanted to see which stocks of the Dow had the best technical buy signals so I used Barchart to sort them, then used the Flipchart feature to review the charts.

The list includes Goldman Sachs (GS), JP Morgan Chase (JPM), Nike (NKE), Caterpillar (CAT) and Unitedhealth Group (UNH).

Goldman Sachs (GS)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 6.18% in the last month
Relative Strength Index 70.84%
Barchart computes a technical support level at 207.92
Recently traded at 213.64 with a 50 day moving average of 201.33

JP Morgan Chase (JPM)

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 4.81% in the last month
Relative Strength Index 69.27%
Barchart computes a technical support level at 67.05
Recently traded at 68.36 with a 50 day moving average of 64.47

Nike (NKE)

Barchart technical indicators:

88% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
5 new highs but only made .84% last month
Relative Strength Index 60.48%
Barchart computes a technical support level at 100.64
Recently traded at 103.60 with a 50 day moving average of 101.50

Caterpillar (CAT)

Barchart technical indicators:

80% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
Down .56% in the last month
Relative Strength Index 58.98%
Barchart computes a technical support level at 86.83
Recently traded at 88.30 with a 50 day moving average of 85.70

Unitedhealth Group (UNH)

Barchart technical indicators:

64% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
7 new highs and up 3.81% in the last month
Relative Strength Index 54.99%
Barchart computes a technical support level at 115.90
Recently traded at 118.91 with a 50 day moving average of 117.94

BARCHART MORNING CALL 6/11

BARCHART MORNING CALL

Thursday, June 11th, 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 -0.05%) are down -0.07% ahead of U.S. data on May retail sales and weekly jobless claims. European stocks are up +0.75% on optimism that Greece will finally reach a deal with creditors after Greek Prime Minister Tsipras promised that he will work with "higher intensity" to find a package of reforms and budget fixes that are needed for Greece to receive financial aid. Tsipras' comments sent Greek stocks soaring with Greece's ASE Stock Index up +6.62%. Asian stocks closed mostly higher: Japan +1.68%, Hong Kong +0.83%, China +0.30%, Taiwan +0.04%, Australia +1.42%, Singapore +0.66%, South Korea +0.08%, India -1.75%. Japanese stocks closed higher as the yen weakened, which lifted exporters, and Chinese stocks closed higher after data on industrial production and credit show that China's economy may be stabilizing.
Commodity prices are weaker as the dollar moves higher. Jul crude oil (CLN15 -1.40%) is down -1.25%. Jul gasoline (RBN15 -0.99%) is down -0.88%. Metals prices are lower. Aug gold (GCQ15 -0.62%) is own -0.67%. Jul copper (HGN15 -2.07%) is down -2.15%. Agricultural prices are mixed.
The dollar index (DXY00 +0.47%) is up +0.42%. EUR/USD (^EURUSD) is down -0.54%. USD/JPY (^USDJPY) is up +0.77%.

Sep T-note prices (ZNU15 -0.04%) are down -3 ticks at a fresh 8-month low.
During a teleconference on Wednesday, the ECB increased the limit on Emergency Liquidity Assistance (ELA) to Greek banks by 2.3 billion euros, the largest increase in 4 months, to a total of 83 billion euros.
China May industrial production climbed +6.1% y/y, stronger than expectations of +6.0% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected -1,000 to 275,000 after last week's -8,000 to 276,000) and continuing claims (expected +4,000 to 2.200 million after last week's -30,000 to 2.196 million), (2) May retail sales (expected +1.2% and +0.8% ex autos after April's unch and +0.1% ex autos), (3) May import price index (expected +0.8% m/m and -10.0% y/y after April's -0.3% m/m and -10.7% y/y), (4) Apr business inventories (expected +0.2% after March's +0.1%), (5) Q1 household net worth change (Q4 was +$1.517 trillion), and (6) the Treasury's auction of $13 billion of 30-year T-bonds.
None of the Russell 1000 companies report earnings today.
U.S. IPO's scheduled to price today include: Wingstop (WING), Invuity (IVTY), People's Utah Bancorp (PUB), Principal Solar (PSWWD), Yulong Eco-Materials (YECO).
Equity conferences during the remainder of this week include: Apple's Worldwide Developer's Conference (WWDC15) on Mon-Fri, Goldman Sachs Global Healthcare Conference on Tue-Thu, Deutsche Bank db Access Global Consumer Conference on Tue-Thu, William Blair Growth Stock Conference on Tue-Thu, Gabelli & Co., Inc. Movie & Entertainment Conference on Thu, Goldman Sachs 2020 Vision Chemicals Conference on Thu, Susquehanna Energy and Industrials Conference on Thu, Barclays High Yield Bond and Syndicated Loan Conference on Thu-Fri.

OVERNIGHT U.S. STOCK MOVERS

Colgate-Palmolive (CL +1.58%) was downgraded to 'Equal Weight' from 'Overweight' on valuation at Morgan Stanley.
Toll Brothers (TOL +1.66%) was upgraded to 'Outperform' from 'Neutral' at Credit Suisse.
Newmont Mining (NEM -2.91%) was upgraded to 'Outperform' from 'Sector Perform' at RBC Capital.
Qorvo (QRVO +3.06%) will replace Lorillard (LO +0.50%) in the S&P 500 as of today's close.
Transocean (RIG +1.81%) was initiated with an 'Underweight' at Barclays with a price target of $14.
Hilton Worldwide (HLT -1.75%) was initiated with a 'Buy' at Brean Capital with a price target of $34.
Bank of America reported a 10.08% passive stake in Greenbrier (GBX +1.58%) .
Men's Wearhouse (MW +0.10%) reported Q1 adjusted EPS of 54 cents, higher than consensus of 52 cents.
Pleasant Lake Partners reported a 7.7% stake in MagnaChip (MX unch) .
General Dynamics (GD +2.06%) was awarded a $225.6 million government contract for the demilitarization recycling, reuse, and disposal of various conventional munitions.
Southeastern reported a 11.4% passive stake in Triangle Petroleum (TPLM +4.93%) .
According to Bloomberg, Amgen’s (AMGN +0.48%) cholesterol drug Repatha won the backing of a panel of FDA advisors, who voted 11-4 that the benefits outweighed the risks for some patients with difficult-to-treat high cholesterol.
Nike (NKE +1.96%) rose 1% in after-hours trading after it announced an eight-year merchandising and marketing partnership with the National Basketball Association.
Standard & Poor's cut Greece's credit rating to 'CCC' from 'CCC+' with a negative outlook.
C.R. Bard (BCR +1.44%) authorizeed the repurchase of up to $500 mllion of the company’s common stock in addition to approximately $160 million remaining under the prior authorization announced in June 2014.

MARKET COMMENTS

June E-mini S&Ps (ESM15 -0.05%) this morning are down -1.50 points (-0.07%). Wednesday's closes: S&P 500 +1.20%, Dow Jones +1.33%, Nasdaq +1.31%. The S&P 500 on Wednesday closed sharply higher on reports that German Chancellor Merkel may be satisfied with Greece's commitment to at least one economic reform sought by creditors in exchange for bailout funds. In addition, there was strength in energy producers after crude oil rallied to a 1-month high.
Sep 10-year T-notes (ZNU15 -0.04%) this morning are down -3 ticks at a fresh 8-month low. Wednesday's closes: TYU5 -14.50, FVU5 -7.25. Sep T-notes on Wednesday fell to an 8-month low and closed lower on bearish carryover from a plunge in German bund prices to an 8-1/2 month low and on reduced safe-haven demand for T-notes as stocks rallied sharply.
The dollar index (DXY00 +0.47%) this morning is up +0.398 (+0.42%). EUR/USD (^EURUSD) is down -0.0061 (-0.54%). USD/JPY (^USDJPY) is up +0.95 (+0.77%). Wednesday's closes: Dollar Index -0.520 (-0.55%), EUR/USD +0.0041 (+0.36%), USD/JPY -1.66 (-1.33%). The dollar index on Wednesday fell to a 3-week low on (1) BOJ Governor Kuroda's comment that further declines in the yen were "unlikely," and (2) strength in EUR/USD after the ECB raised its ELA line of credit to the Greek central bank by a hefty 2.3 billion euros to 83 billion euros.
July WTI crude oil (CLN15 -1.40%) this morning is down -77 cents (-1.25%). July gasoline (RBN15 -0.99%) is down -0.0189 (-0.88%). Wednesday's closes: CLN5 +1.29 (+2.14%), RBN5 +0.0693 (+3.34%). July crude and gasoline closed sharply higher Wednesday with July crude at a 1-month high and July gasoline at a 7-month high. The markets rallied on the fall in the dollar index to a 3-week low, the -6.81 million bbl plunge in EIA crude inventories, and the -2.94 million bbl draw in EIA gasoline inventories to a 6-month low of 217.35 million bbl.

GLOBAL EVENT CALENDAR06/11/2015

US	0830 ET	Weekly initial unemployment claims expected -1,000 to 275,000, previous -8,000 to 276,000. Weekly continuing claims expected -6,000 to 2.190 million, previous -30,000 to 2.196 million.
	0830 ET	May retail sales expected +1.2% and +0.8% ex autos, Apr unch and +0.1% ex autos. April retail sales ex auto and gasoline expected +0.5%, Apr unch.
	0830 ET	May import price index expected +0.8% m/m and -10.0% y/y, Apr -0.3% m/m and -10.7% y/y.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Apr business inventories expected +0.2%, Mar +0.1%.
	1100 ET	Treasury announces amount of 30-year TIPS to be auctioned Jun 18 (previous $9 billion).
	1200 ET	Q1 household net worth change, Q4 +$1.517 trillion.
	1300 ET	Treasury auctions $13 billion of 30-year T-bonds.
CHI	0130 ET	China May industrial production expected +6.0% y/y, Apr +5.9% y/y.
	0130 ET	China May retail sales expected +10.1% y/y, Apr +10.0% y/y.

U.S. STOCK CALENDAR06/11/2015

Company	Ticker	Time	Event Description	Period
Multiple Companies	LLY US	10:00	Baricitinib Phase III Trial Study Results Call
Multiple Companies	LLY US	10:00	Baricitinib Phase III Trial Study Results Call
Hormel Foods Corp	HRL US	10:30	Investor Day	Y 2015
Zillow Group Inc	Z US	11:00	Annual General Meeting
Visteon Corp	VC US	11:00	Annual General Meeting	Y 2015
Zynga Inc	ZNGA US	13:00	Annual General Meeting
Juno Therapeutics Inc	JUNO US	13:00	Annual General Meeting
Facebook Inc	FB US	14:00	Annual General Meeting	Y 2015
FireEye Inc	FEYE US	14:00	Annual General Meeting
Lorillard Inc	LO US	Aft-mkt	Qorvo Inc. Replaces Lorillard Inc. in S&P 500
TJX Cos Inc/The	TJX US		Annual General Meeting	Y 2015
Cheniere Energy Inc	LNG US		Annual General Meeting
Splunk Inc	SPLK US		Annual General Meeting
Pinnacle Foods Inc	PF US		Annual General Meeting
Platform Specialty Products Corp	PAH US		Annual General Meeting

Tuesday, June 9, 2015

Azz Inc (AZZ) is the Barchart Chart of the Day. The electric equipment manufacturing company has a Trend Spotter buy signal, a Weighted Alpha of 22.46+, gained 13.55% in the last year and paid a 1.21% dividend.

The Chart of the Day belongs to Azz Inc (AZZ). I found the stock by using Barchart to sort today's All Time High list for the stocks having the highest technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/13 the stock gained 9.05%.

Azz Incorporated is an electrical equipment and components manufacturer serving the global growth markets of power generation, transmission and distribution, and industrial markets as well as a provider of hot dip galvanizing services to the steel fabrication market nationwide.

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 10.58% in the last month
Relative Strength Index 71.38%
Barchart computes a technical support level at 48.54
Recently traded at 52.05 with a 50 day moving average of 47.62

Fundamental factors:

Market Cap $ 1.34 billion
P/E 19.68
Dividend yield 1.21%
Revenue expected to grow 9.50% this year and another 6.30% next year
Earnings estimated to increase 11.50% this year, an additional 20.00% next year and continue to increase at an annual rate of 10.10% for the next 5 years
Wall Street analysts issued 4 strong buy and a hold recommendation on the stock

Technical trading strategies have not work well on this stock so I'd advise you to have a trailing stop loss 10% below the most recent high to preserve your gains.

Cardinal Financial- All Time High

Cardinal Financial (CFNL) is the Barchart Chart of the Day. The VA based regional commercial bank has Trend Spotter buy signal, a Weighted Alpha of 19.90+, gained 15.66% in the last year and paid a 2.09% dividend.

The Chart of the Day belongs to Cardinal Financial (CFNL). I found the stock by using Barchart to sort today's All Time High list for the stocks with the highest technical buy signals then used the Flipchart feature to review the charts.

Cardinal Financial Corporation is a bank holding company. Through its bank subsidiaries, Cardinal Financial Corporation pursues a community banking strategy by offering a broad range of banking products to individuals,professionals and small to medium-sized businesses, with an emphasis on personalized service and local decision-making authority.

100% Barchart technical buy signals
Trend Spotter by signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 4.06% in the last month
Relative Strength Index 61.56%
Barchart computes a technical support level at 20.81
Recently traded at 21.29 with a 50 day moving average of 20.55

Fundamental factors:

Market Cap $684.26 million
P/E 14.86
Dividend yield 2.09%
Revenue expected to increase 13.40% this year and another 2.40% next year
Earnings estimated to increase 36.00% this year, an additional 3.70% next year and continue to increase at an annual rate of 18.00% for the next 5 years
Wall Street analysts issued 1 buy and 5 hold recommendation on the stock

Forget trying to use technical trading strategies in this stock just use a trailing stop loss 10% below its recent high to preserve your gains

We are in a BS Market - But NO Time to Panic

What do I mean by a BS market? Its a market where the CEOs are spending more time improving the Balance Sheet and Cash Flow statements then they do on the Income Statements.

We can only work on the Balance Sheets and Cash Flow statements so long and for the market to keep going up we need to work on the Income Statements with increases in Revenue and Earnings.

I'm sorry but I think the talking heads on CNBC, Fox Business and Bloomberg have it all wrong. They keep saying we are headed for doom but I don't believe that. We are at a high point in the market, for sure and lots of the big companies aren't investing in capital expenditures for growth and they are either sitting on cash, retiring debt or buying back their stock. But the market isn't as bad as it seems.

They are pointing out that 58%+ of the stocks are trading below their 20 day moving averages and 55%+ are trading below their 100 day moving averages but how bad are we really?

My proxy for the market is the Value Line Arithmetic Index, 1700 of the biggest companies making up around 95% of the entire market capitalization. OK, presently it has a 16% Barchart technical sell signal and a Trend Spotter sell signal but it's only off its previous high by 2.67%! Is that a reason to panic? Barchart computes a technical support level for the Index at 4784.17 and it's trading at 4807.08. Look at the chart of the moving averages and tell me if you see gloom and doom?

In addition, the latest report on Conference-Board.Org have both the leading and coincident economic indicators on the rise. Let's look at the 5 most popular stocks with the readers of Seeking Alpha and see if you agree. None of them are trading even 10% off their recent high.

Apple (AAPL)

Barchart technical indicators:

8% Barchart technical sell signals
Trend Spotter hold signal
Below its 20 and 50 day moving averages but above its 100 day moving average
Only 5.98% off its recent high
Relative Strength Index 41.45
Barchart computes a technical support at 125.57
Recently traded at 126.56 which is below its 50 day moving average of 128.04

Bank of America (BAC)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above is 20, 50 and 100 day moving averages
6 new highs and up 4.92% in the last month
Relative Strength Index 66.74%
Barchart computes a technical support level at 16.87
Recently traded at 17.27 with a 50 day moving average of 16.17

General Electric (GE)

Barchart technical indicators:

16% Barchart technical buy signals
Trend Spotter hold signal
Below its 20 day moving averages but above its 50 and 100 day moving averages
Only 4.65% off its recent high
Relative Strength Index 52.78%
Barchart computes a technical support level at 27.12
Recently traded at 27.34 with a 50 day moving average of 26.39

Facebook (FB)

Barchart technical indicators:

8% Barchart technical buy signals
Trend Spotter buy signal
Below its 20 and 50 day moving averages buy above its 100 day moving average
Only 6.62% off its recent high
Relative Strength Index 8.49%
Barchart computes a technical support level at 79.06
Recently traded at 80.20 with a 50 day moving average of 80.92

Microsoft (MSFT)

0% Barchart technical buy signals
Trend Spotter hold signal
Below its 20 day moving averages but above its 50 and 100 day moving averages
Only 8.73% its recent high
Relative Strength Index 41.64%
Barchart computes a technical support level at 45.18
Recently traded at 45.68 with a 50 day moving average of 45.40

My Conclusion: Am I cautious - YES. Am I in panic - NO!. I will sell any individual stock that drops 10% off its recent high and wait till the market has a better sense of direction before I replace that stock. Learn from the carpenter that measures twice before he cuts once,

BARCHART MORNING CALL 6/9

BARCHART MORNING CALL

Tuesday, June 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 -0.11%) this morning are down -0.18% at a 1-month low and European stocks are down -0.89% at a 3-1/2 month low as slower-than-expected Chinese inflation data signals slowing economic growth in China. Also. Greek default concerns remain as G-7 leaders meeting in Germany insist that Greece deliver an economic program that can satisfy its creditors. Asian stocks closed lower: Japan -1.76%, Hong Kong -1.20%, China -0.36%, Taiwan -1.88%, Australia -0.49%, Singapore -0.76%, South Korea -0.28%, India -0.16%. Japan's Nikkei Stock Index fell to a 3-week low on negative carryover from Monday's slide in U.S. and European stocks. Losses in Chinese stocks were limited ahead of MSCI's decision today to include Chinese mainland securities to its benchmark indexes.
Commodity prices are mostly higher. Jul crude oil (CLN15 +2.20%) is up +1.82%. Jul gasoline (RBN15 +1.84%) is up +1.55%. Metals prices are stronger. Aug gold (GCQ15 +0.69%) is up +0.60%. Jul copper (HGN15 +1.04%) is up +0.57%. Agricultural prices are mixed.
The dollar index (DXY00 -0.06%) is up +0.06%. EUR/USD (^EURUSD) is down -0.19%. USD/JPY (^USDJPY) is down -0.29%.

Sep T-note prices (ZNU15 +0.06%) are up +4 ticks.
According to people familiar with the matter, a divide is growing between German Chancellor Merkel, who wants to make concessions to keep Greece in the Eurozone because of geopolitical concerns, and German Finance Minister Schaeuble, who is willing to let Greece exit the Eurozone and said the contagion risk from Greece leaving the Eurozone is "marginal."
ECB Governing Council member Liikanen said that the ECB is looking through the recent rise in market rates and is "unanimous that we should look through these developments and maintain a steady monetary policy." He added that Eurozone financial stability risks "are today well contained, but we need to follow it" and the ECB's QE program will run longer than Sep 2016 "if needed."
China May CPI rose +1.2% y/y, less than expectations of +1.3% y/y. May PPI fell -4.6% y/y, unch from Apr and a bigger decline than expectations of -4.5% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Apr wholesale inventories (expected +0.2% m/m after March's +0.1% m/m) and Apr wholesale trade sales (expected +0.6% m/m after March's -0.2% m/m), (2) Apr JOLTS job openings expected +50,000 to 5.044 million, Mar -150,000 to 4.994 million, and (3) the Treasury auction of $24 billion of 3-year T-notes.
There are two of the Russell 1000 companies that report earnings today: Greif (consensus $0.46), HD Supply (0.29).
U.S. IPO's scheduled to price today include: none.
Equity conferences during the remainder of this week include: Apple's Worldwide Developer's Conference (WWDC15) on Mon-Fri, Nomura Retail Conference on Tue, Oppenheimer Energy Conference on Tue, Morgan Stanley Financials Conference on Tue-Wed, NAREIT REITWeek Investor Forum on Tue-Wed, Piper Jaffray Consumer Conference on Tue-Wed, Piper Jaffray Consumer Conference on Tue-Wed, Goldman Sachs Global Healthcare Conference on Tue-Thu, Deutsche Bank db Access Global Consumer Conference on Tue-Thu, William Blair Growth Stock Conference on Tue-Thu, Goldman Sachs European Payments Conference on Wed, Macquarie Group Ltd. Global Metals, Mining & Materials Conference on Wed, Gabelli & Co., Inc. Movie & Entertainment Conference on Thu, Goldman Sachs 2020 Vision Chemicals Conference on Thu, Susquehanna Energy and Industrials Conference on Thu, Barclays High Yield Bond and Syndicated Loan Conference on Thu-Fri.

OVERNIGHT U.S. STOCK MOVERS

Burlington Stores (BURL -2.14%) reported Q1 EPS of 41 cents, right on consensus, although Q1 revenue of $1.18 billion was below consensus of $1.22 billion. Burlington then lowered guidance on fiscal 2015 adjusted EPS $to 2.15-$2.25, below consensus of 2.28.
Dollar General (DG -0.21%) was upgraded to 'Strong Buy' from 'Market Perform' at Raymond James.
General Electric (GE -0.18%) announced that it will sell its U.S. Sponsor Finance business and a $3 billion bank loan portfolio to Canada Pension Plan Investment Board in a transaction valued at approximately $12 billion.
Akamai (AKAM -0.47%) was downgraded to 'Neutral' from 'Outperform' at Macquarie.
HD Supply (HDS -2.35%) reported Q1 adjusted EPS of 33 cents, higher than consensus of 29 cents.
HSBC (HSBC +0.40%) said it will cut 50,000 jobs in a global business overhaul.
Lululemon Athletica (LULU -3.57%) rose nearly 3% in pre-market trading after it reported Q1 EPS of 34 cents, higher than consensus of 33 cents.
D. E. Shaw & Co reported a 5.1% passive stake in Tesoro (TSO -0.50%) .
FedEx (FDX -1.29%) raised its quarterly dividend 25% to 25 cents from 20 cents per share.
Newmont Mining (NEM -0.27%) filed to sell 29 million shares of common stock.
AMAG Pharmaceuticals (AMAG -2.54%) was initiated with a 'Buy' at Guggenheim with a price target of $85.
H&R Block (HRB -0.73%) reported fiscal 2015 EPS of $1.75, better than consensus of $1.73, although 2015 revenue of $3.079 billion, below consensus of $3.090 billion.
Casey's General Stores (CASY -0.47%) reported Q4 EPS of $1.05, well above consensus of 85 cents.
United Natural Foods (UNFI -0.34%) slid 7% in after-hours trading after it reported Q3 EPS of 83 cents, below consensus of 85 cents, and then lowered guidance on fiscal 2015 adjusted EPS view to $2.84-$2.88 from $2.90-$2.99, weaker than consensus of $2.92.

MARKET COMMENTS

June E-mini S&Ps (ESM15 -0.11%) this morning are down -3.75 points (-0.18%) at a fresh 1-month low. Monday's closes: S&P 500 -0.65%, Dow Jones -0.46%, Nasdaq -1.02%. The S&P 500 on Monday sold off to a 1-month low on negative carry-over from a slide in European stock to a 3-1/2 month low on the ongoing Greek crisis. In addition, there was weakness in airline stocks after Raymond James downgraded the sector and in technology stocks as Intel declined over 1% and IBM fell to a 6-week low.
Sep 10-year T-notes (ZNU15 +0.06%) this morning are up +4 ticks. Monday's closes: TYU5 +7.50, FVU5 +6.50. Sep T-notes on Monday settled higher on increased safe-haven demand for T-notes after stocks sold off.
The dollar index (DXY00 -0.06%) this morning is up +0.057 (+0.06%). EUR/USD (^EURUSD) is down -0.0021 (-0.19%). USD/JPY (^USDJPY) is down -0.36 (-0.29%). Monday's closes: Dollar Index -1.007 (-1.05%), EUR/USD +0.01762 (+1.59%), USD/JPY -1.117 (-0.89%). The dollar index on Monday closed lower on strength in EUR/USD after German Apr industrial production rose more than expected. In addition, there was strength in the yen as USD/JPY fell back on reduced BOJ stimulus expectations after Japan Q1 GDP was revised higher.
July WTI crude oil (CLN15 +2.20%) this morning is up +$1.06 a barrel (+1.82%). July gasoline (RBN15 +1.84%) is up +0.0311 (+1.55%). Monday's closes: CLN5 -0.99 (-1.67%), RBN5 -0.0225 (-1.11%). Jul crude and gasoline on Monday closed lower on concern that the global crude supply glut will persist after OPEC on Friday agreed to maintain its crude production target at 30 million bpd. There was also concern about reduced demand from China, the world's second-biggest crude consumer, after China May crude imports dropped -25.7% m/m to 5.5 million bpd, the lowest in 15 months.

GLOBAL EVENT CALENDAR06/09/2015

US	1000 ET	Apr wholesale inventories expected +0.2% m/m, Mar +0.1% m/m. Apr wholesale trade sales expected +0.6% m/m, Mar -0.2% m/m.
	1000 ET	Apr JOLTS job openings expected +50,000 to 5.044 million, Mar -150,000 to 4.994 million.
	1300 ET	Treasury auctions $24 billion of 3-year T-notes.
JPN	0100 ET	Japan May consumer confidence index expected +0.4 to 41.9, Apr 41.5.
	0200 ET	Japan May machine tool orders, Apr +10.5% y/y.
	1950 ET	Japan May PPI expected +0.2% m/m and -2.2% y/y, Apr +0.1% m/m and -2.1% y/y.
	1950 ET	Japan Apr machine orders expected -2.1% m/m and -1.4% y/y, Mar +2.9% m/m and +2.6% y/y.
GER	0200 ET	German Q1 labor costs, Q4 +1.0% q/q and +2.0% y/y.
EUR	0500 ET	Revised Eurozone Q1 GDP, previous +0.4% q/q and +1.0% y/y.
CHI	n/a	China May new yuan loans expected 850.0 billion yuan, Apr 707.9 billion yuan.

U.S. STOCK CALENDAR06/09/2015

Company	Ticker	Time	Event Description	Period	Estimate
Endo International PLC	ENDP US	6/9/2015	Annual General Meeting	Y 2015
Greif Inc	GEF US	6/9/2015	Q2 2015 Earnings Release	Q2 2015	0.46
HD Supply Holdings Inc	HDS US	6/9/2015	Q1 2016 Earnings Release	Q1 2016	0.287
Newmont Mining Corp	NEM US	6/9/2015	Acquisition of Cripple Creek & Victor Gold Mine from AngloGold Ashanti Ltd by N
HD Supply Holdings Inc	HDS US	6/9/2015	Q1 2016 Earnings Call	Q1 2016
TD Ameritrade Holding Corp	AMTD US	6/9/2015	May 2015 Sales and Revenue Release	2015
General Motors Co	GM US	6/9/2015	Annual General Meeting	Y 2015
Outfront Media Inc	OUT US	6/9/2015	Annual General Meeting
Avnet Inc	AVT US	6/9/2015	Investor Day	Y 2015
Cisco Systems Inc	CSCO US	6/9/2015	Investor Day	Y 2015
Tesla Motors Inc	TSLA US	6/9/2015	Annual General Meeting	Y 2015
Best Buy Co Inc	BBY US	6/9/2015	Annual General Meeting
Regeneron Pharmaceuticals Inc	REGN US	6/9/2015	FDA Adcomm, alirocumab, hypercholesterolemia
AMC Networks Inc	AMCX US	6/9/2015	Annual General Meeting
BioMarin Pharmaceutical Inc	BMRN US	6/9/2015	Annual General Meeting
Netflix Inc	NFLX US	6/9/2015	Annual General Meeting
MasterCard Inc	MA US	6/9/2015	Annual General Meeting

Monday, June 8, 2015

SVB Financial Group - All Time High

SVB Financial Group (SIVB) is the Barchart Chart of the Day. The commercial bank has a Trend Spotter buy signal, a Weighted Alpha of 33.44+ and gained 28.03% in the last year.

The Chart of the Day belongs to SVB Financial Group (SIVB). I found the chart 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 3/30 the stock gained 12.32%.

SVB Financial Group is an international financial services holding company serving the technology, life science, private equity and premium wine industries primarily through the following subsidiaries: Silicon Valley Bank, SVB Capital, SVB Global Financial Services, SVB Alliant, SVB Securities, SVB Asset Management, SVB India Advisors, SVB Europe Advisors.

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
8 new highs and up 8.41% in the last month
Relative Strength Index 68.23%
Barchart computes a technical support level at 137.86
Recently traded at 142.51 with a 50 day moving average of 131.42

Fundamental factors:

Market Cap $ 7.28 billion
P/E 25.96
Revenue expected to grow .50% this year and another 10.50% next year
Earnings estimated to increase 12.60% this year, an additional 17.10% next year and continue to increase at an annual rate of 10.75% for the next 5 years
Wall Street analysts issued 5 strong buy, 8 buy and 3 hold recommendations on the stock

Most of the technical trading strategies caused excessive trading so I'd advice you to use a trailing stop loss 10% off the most recent high to protect gains.

5 Best NASDAQ 100 stocks

Today I wanted to see which NASDAQ 100 stocks had the best Barchart technical buy signals then I used the Flipchart feature to review the charts.

Today's list includes Tesla Motors (TSLA), Regeneron Pharmaceuticals (REGN), Gilead Sciences (GILD), Altera (ALTR) and Netflix (NFLX).

Tesla Motors (TSLA)