Atento - All Time High

Atento (ATTO) is the Barchart Chart of the Day.  The outsourcing company has a Trend Spotter buy signal, a Weighted Alpha of 22.80+ and gained 10.96% in the last year.

The Chart of the Day belongs to Atento (ATTO).  I found the outsourcing stock by using Barchart to sort today 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 6/3 the stock gained 7.29%.

Atento S.A. is a provider of customer relationship management and business process outsourcing (`CRM BPO`) services in Latin America and Spain. Its CRM BPO services include customer service, sales, credit management, technical support, back office, and service desk, as well as other BPO process services, such as training activities, workstation infrastructure, interactive voice response port implementation, telecommunications infrastructure, application development, and others. The Company's clients are mostly multinational corporations in sectors such as telecommunications, banking and finance, health, consumption and public administration, among others. Atento S.A. is based in Luxembourg

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
• 20 new highs and up 12.08% in the last month
• Relative Strength Index 80.09%
• Barcart computes a technical support level at 14.00
• Recently traded at 14.39 with a 50 day moving average of 13.70

Fundamental factors:

• Market Cap $1.06 billion
• Revenue expected to decrease by 12.30% this year but grow again by 5.50% next year
• Earnings estimated to increase 1.80% this year, an additional 23.70% next year and continue to increase an an annual rate of 17.10% for the next 5 years
• Wall Street analysts issued 3 strong buy and 5 buy recommendations on the stock

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

BARCAHRT MORNING CALL 6/26

BARCHART MORNING CALL

Friday, June 26th, 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

September E-mini S&Ps (ESU15 +0.24%) are up +0.13% led by a +3.7% gain in shares of Nike after the company beat Q4 earnings estimates. European stocks are down -0.29% as European leaders struggle to find a solution to Greece's debt crisis. German Chancellor Merkel said Saturday's meeting of Eurozone finance ministers was "decisive" as a failure to close a deal on Saturday raises the odds that Greece might have to impose capital controls as soon as Monday to prevent a run on its banks. Asian stocks closed mostly lower: Japan -0.31%, Hong Kong -1.78%, China -7.40%, Taiwan -0.15%, Australia -1.54%, Singapore -0.86%, South Korea +0.27%, India -0.30%. China's Shanghai Composite tumbled -7.40% to a 1-1/2 month low as leveraged speculators unwound positions amid concern that valuations have gotten excessive. Japanese stocks fell on concern the BOJ will not expand stimulus after Japan May inflation data rose more than expected.
Commodity prices are mixed. Aug crude oil (CLQ15 -0.37%) is down -0.23%, Aug gasoline (RBQ15 -0.23%) is down -0.05%. Metals prices are mostly higher. Aug gold (GCQ15 +0.09%) is up +0.15%. Jul copper (HGN15 -0.02%) is up +0.11%. Agricultural prices are higher as excessive rains threaten U.S crops with Jul corn up +1.33% at a 2-month high, Jul soybeans up +0.60% at a 3-1/2 month high and Jul wheat up +2.35% at a 2-1/2 month high.
The dollar index (DXY00 +0.05%) is down -0.03%. EUR/USD (^EURUSD) is down -0.03%. USD/JPY (^USDJPY) is down -0.20%.

Sep T-note prices (ZNU15 -0.11%) are down -2.5 ticks.
Eurozone finance ministers will meet Saturday, their fifth meeting in a week, in an attempt to resolve Greece's differences with its creditors. German Chancellor Merkel said "the Eurogroup meeting on Saturday has taken on a decisive significance, because time is short, and all in the European Council agreed that everything must be done to find a solution on Saturday." Jeroen Dijsselbloem, the chair of the Eurozone finance ministers, warned that if a good reform package is not on the table by Saturday, then it will be "too late."
Japan May national CPI rose +0.5% y/y, more than expectations of +0.4% y/y. May national CPI ex-fresh food rose +0.1% y/y, more than expectations of no change. May national CPI ex food & energy rose +0.4% y/y, right on expectations.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) final-June U.S. consumer sentiment from the University of Michigan (expected unchanged at 94.6; early-June +3.9 to 94.6).
None of the Russell 1000 companies report earnings today.
U.S. IPO's scheduled to price today include: Sotherly Hotels (SOHO).
Equity conferences during the remainder of this week include: none.

OVERNIGHT U.S. STOCK MOVERS

UnitedHealth (UNH +2.65%) was upgraded to 'Buy' from 'Neutral' at Sterne Agee CRT.
Target (TGT +0.19%) was downgraded to 'Market Perform' from 'Outperform' at BMO Capital.
Jefferies lowered its Street-high estimates for Intel (INTC +0.25%) after Micron noted weaker near-term PC trends during its May quarter earnings report.
Restoration Hardware (RH -0.39%) was upgraded to 'Buy' from 'Hold' at BB&T.
Community Health (CYH +12.97%) was downgraded to 'Market Perform' from 'Outperform' at Raymond James.
Cal-Maine Foods (CALM -0.13%) was initiated with a 'Buy' at DA Davidson with a price target of $65.
Facebook (FB -0.99%) was initiated with a 'Buy' at Mizuho with a price target of $104.
Yahoo (YHOO +0.29%) was initiated with a 'Buy' at Mizuho with a price target of $51.
Electronic Arts (EA -0.34%) was initiated with a 'Buy' at Mizuho with a price target of $75.
Amazon.com (AMZN -0.17%) was initiated with a 'Buy' at Mizuho with a price target of $498.
Activision Blizzard (ATVI -0.16%) was initiated with a 'Buy' at Mizuho with a price target of $29.
Glenview Capital Management reported a 7.24% passive stake in Manpower (MAN +0.82%) .
Nike (NKE -0.94%) gained 3% in after-hours trading after it reported Q4 EPS of 98 cents, well above consensus of 83 cents.
SYNNEX (SNX -1.12%) reported Q2 EPS of $1.55, better than consensus of $1.53, although Q2 revenue of $3.25 billion was less than consensus of $3.42 billion.
Micron (MU -0.17%) tumbled 13% in after-hours trading after it reported Q3 EPS of 54 cents, less than consensus of 56 cents.

MARKET COMMENTS

September E-mini S&Ps (ESU15 +0.24%) this morning are up +2.75 points (+0.13%). Thursday's closes: S&P 500 -0.30%, Dow Jones -0.42%, Nasdaq -0.23%. The S&P 500 on Thursday erased an early rally and closed lower on the ongoing Greek debt crisis and on weakness in energy producers after the price of crude oil fell. Stocks received support from the +0.9% increase in U.S. May personal spending, stronger than expectations of +0.7% and the largest increase in 5-3/4 years, and a rally in health-care stocks after the U.S. Supreme Court voted 6-3 in favor President Obama's Affordable Care Act that allows tax subsidies in all 50 states.
Sep 10-year T-notes (ZNU15 -0.11%) this morning are down -2.5 ticks. Thursday's closes: TYU5 -5.00, FVU5 -2.25. Sep T-notes on Thursday closed lower on the stronger-than-expected U.S. May personal spending report and the rally in stocks which reduced the safe-haven demand for T-notes.
The dollar index (DXY00 +0.05%) this morning is down -0.031 (-0.03%). EUR/USD (^EURUSD) is down -0.0003 (-0.03%). USD/JPY (^USDJPY) is down -0.25 (-0.20%). Thursday's closes: Dollar Index -0.077 (-0.08%), EUR/USD -0.0001 (-0.01%), USD/JPY -0.223 (-0.18%). The dollar index on Thursday closed slightly lower on the +1.2% y/y increase in the May core PCE deflator, the Fed's preferred inflation gauge, which remains well below the Fed's inflation target of 2.0% and may keep the Fed from raising interest rates. The dollar saw support from the larger-than-expected increase in U.S. May personal spending, which is positive for sustained economic growth and may push the Fed to raise interest rates.
Aug WTI crude oil (CLQ15 -0.37%) this morning is down -14 cents (-0.23%). Aug gasoline (RBQ15 -0.23%) is down -0.0010 (-0.05%). Thursday's closes: CLQ5 -0.57 (-0.95%), RBQ5 -0.0170 (-0.88%). Aug crude oil and gasoline on Thursday closed lower on negative carryover from Wednesday's unexpected +680,000 bbl increase in EIA gasoline inventories, which fueled speculation that refiners may cut back on gasoline production, thus reducing their demand for crude.

GLOBAL EVENT CALENDAR06/26/2015

US	1000 ET	Final-Jun U.S. consumer sentiment (University of Michigan) expected unch at 94.6, early-June +3.9 to 94.6.
	1500 ET	USDA Q2 Hogs & Pigs.
GER	0200 ET	German May import price index expected +0.2% m/m and -0.4% y/y, Apr +0.6% m/m and -0.6% y/y.
EUR	0400 ET	Eurozone May M3 money supply expected +5.4% y/y and +5.1% 3-mon avg, Apr +5.3% y/y and +4.7% 3-mon avg.

U.S. STOCK CALENDAR06/26/2015

Company	Ticker	Time	Event Description	Period	Estimate
Nielsen NV	NLSN US	9:00	Annual General Meeting - Restructuring Vote
Gannett Co Inc	GCI US	Aft-mkt	Gannett Co. Inc. Replaces Quiksilver Inc. in S&P SmallCap 600
United Therapeutics Corp	UTHR US		Annual General Meeting
ITC Holdings Corp	ITC US		Investor Meetings	Y 2015

Asbury Automotive Group - All Time High

Ashbury Automotive Group (ABG) is the Barchart Chart of the Day.  The auto and truck dealership company has a Trend Spotter buy signal, a Weighted Alpha of 41.40+ and gained 39.98% in the last year.

The Chart of the Day goes to the Ashbury Automotive Group (ABG).  I found the automotive and truck dealership 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 5/18 the stock gained 6.99%.

Asbury Automotive Group is one of the largest automotive retailers in the United States. They sell, finance and service a diverse range of foreign and domestic automobile brands.

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
• 10 new highs and up 8.21% in the last month
• Relative Strength Index 70.61%
• Barchart computes a technical support level at 91.46
• Recently traded at 92.87 with a 50 day moving average of 86.97

Fundamental factors:

• Market Cap $ 2.53 billion
• P/E 19.86
• Revenue expected to grow 10.70% this year and another 5.90% next year
• Earnings estimated to increase 25.20% this year, an additional 11.00% next year and continue to increase at an annual rate of 16.55% for the next 5 years
• Wall Street analysts issued 2 strong buy, 2 buy, 4 hold, 1 under perform and a sell recommendation on the stock

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

Core Molding Technologies - Sell Signals

Today I deleted Core Molding Technologies from the Barchart Van Meerten New High portfolio for negative price momentum.

Barchart technical indicators:

• 8% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 20.21% off its recent high
• Relative Strength Index 39.98%

NovaCopper and Cenevo - Sell Signals

Today I deleted NovaCopper (NCQ) and Cenevo (CVO) from the Barchart Van Meerten Speculative portfolio for negative price momentum.

NovaCopper (NCQ)

Barchart technical indicators:

• 72% technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 20.00% below its recent high
•  Relative Strength Index 39.94%

Cenevo (CVO)

Barchart technical indicators:

• 32% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 10.83% off its recent high
• Relative Strength Index 35.02%

BARCHART MORNING CALL 6/25

BARCHART MORNING CALL

Thursday, June 25th, 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

September E-mini S&Ps (ESU15 +0.37%) are up +0.48% and European stocks are up +0.49% after Greece put forth a revised plan to stave off default and an EU official expressed optimism that the Greek plan can be a basis for a deal. Eurozone finance ministers will meet later today in Brussels to decide if the new Greek plan meets the criteria of creditors. The 10-year yield on the Greek bond rose 14 bp to 10.94% after the ECB decided today to leave the ceiling of maximum funds available to Greek banks through the Emergency Liquidity Assistance (ELA) unchanged. Asian stocks closed mostly lower: Japan -0.46%, Hong Kong -0.95%, China -3.46%, Taiwan +0.84%, Australia -0.95%, Singapore -0.04%, South Korea -0.45%, India +0.60%. China's Shanghai Composite closed sharply lower on concern valuations have risen to unsustainable levels and a flood of initial public offerings were taking funds away from existing equities.
Commodity prices are mostly lower. Aug crude oil (CLQ15 -0.32%) is down -0.38%, Aug gasoline (RBQ15 +0.11%) is up +0.25%. Metals prices are weaker. Aug gold (GCQ15 +0.06%) is down -0.01%. Jul copper (HGN15 -0.42%) is down -0.69%. Agricultural prices are mixed.
The dollar index (DXY00 +0.02%) is little changed, up +0.02%. EUR/USD (^EURUSD) is down -0.04%. USD/JPY (^USDJPY) is down -0.15%.

Sep T-note prices (ZNU15 -0.16%) are down -8.5 ticks as a rally in stocks undercuts demand for Treasuries.
Greek Prime Minister Tsipras wrapped up an emergency session with the ECB, the IMF, and the European Commission and then put forth a revised proposal to stave off default. Eurozone finance ministers will meet later today in Brussels and will study the new Greek plan to see if it meets the terms laid out by creditors.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +6,000 to 273,000 after last week's -12,000 to 267,000) and continuing claims (expected -4,000 to 2.218 million after last week's -50,000 to 2.222 million), (2) May personal income and spending (expected +0.5% and +0.7%, respectively, after April's +0.4 and unchanged), (3) May PCE deflator (expected +0.3% m/m and +0.2% y/y after April's unch m/m and +0.1% y/y) and May PCE core deflator (expected +0.1% m/m and +1.2% y/y after April's +0.1% m/m and +1.2% y/y), (4) Jun Markit services PMI (expected +0.3 to 56.5 after May's -1.2 to 56.2), (5) June Kansas City Fed manufacturing activity (expected +4 to -9 after May's -6 to -13), and (6) the Treasury's auction of $29 billion of 7-year T-notes.
There are 3 of the Russell 1000 companies that report earnings today: Accenture (consensus $1.23), NIKE (0.83), Micron Technology (0.57).
U.S. IPO's scheduled to price today include: Alder Biopharmaceuticals (ALDR), Seres Therapeutics (MCRB), Alarm.com (ALRM), Appfolio (APPF), Xactly (XTLY), Innvovation Economy Corp (MYIE), Pieris Pharmaceuticals (PIRS), NN Inc (NNBR).
Equity conferences during the remainder of this week include: none.

OVERNIGHT U.S. STOCK MOVERS

Accenture (ACN -0.49%) reported Q3 adjusted EPS of $1.30, higher than consensus of $1.23.
Eli Lilly (LLY -0.50%) and AT&T (T -0.36%) were both upgraded to 'Buy' from 'Neutral' at BofA/Merril Lynch.
Office Depot (ODP -2.41%) was upgraded to 'Outperform' from 'Market Perform' at Telsey Advisory.
Netflix (NFLX -0.38%) was downgraded to 'Neutral' from 'Buy' at Citigroup.
CenturyLink (CTL -2.06%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan Chase.
Finish Line (FINL +0.82%) was upgraded to 'Buy' from 'Neutral' at B. Riley.
Amazon.com (AMZN -1.15%) was downgraded to 'Hold' from 'Buy' at Evercore ISI.
Marathon Oil (MRO unch) was upgraded to 'Buy' from 'Neutral' at UBS.
Chesapeake Energy (CHK -1.95%) and Murphy Oil (MUR +0.30%) were both downgraded to 'Sell' from 'Neutral' at UBS.
Intuitive Surgical (ISRG -0.84%) was initiated with an 'Overweight' at Barclays with a price target of $575.
Cree (CREE -1.55%) fell over 5% in after-hours trading after it lowered guidance on Q4 revenue to approximately $375 million from $420 million-$440 million, below consensus of $430.82 million.
Bed Bath & Beyond (BBBY -0.58%) reported Q1 EPS of 93 cents, below consensus of 94 cents.
Steelcase (SCS unch) reported Q1 adjusted EPS of 17 cents, better than consensus of 15 cents.
Herman Miller (MLHR +0.77%) reported Q4 adjusted EPS of 47 cents, higher than consensus of 41 cents.

MARKET COMMENTS

September E-mini S&Ps (ESU15 +0.37%) this morning are up +10.00 points (+0.48%). Wednesday's closes: S&P 500 -0.74%, Dow Jones -0.98%, Nasdaq -0.53. The S&P 500 on Wednesday closed lower on the deadlock in the Greek crisis and weakness in bank stocks after Citigroup and Goldman Sachs were both downgraded at Deutsche Bank. A supportive factor was the upward revision in U.S. Q1 GDP to -0.2% from -0.7% and the upward revision in Q1 personal consumption to +2.1% from +1.8%.
Sep 10-year T-notes (ZNU15 -0.16%) this morning are down -8.5 ticks. Wednesday's closes: TYU5 +9.00, FVU5 +5.50. Sep T-notes on Wednesday closed higher on increased safe-haven demand with the Greek deadlock and the sell-off in the stock market.
The dollar index (DXY00 +0.02%) this morning is up +0.018 (+0.02%). EUR/USD (^EURUSD) is down -0.0004 (-0.04%). USD/JPY (^USDJPY) is down -0.18 (-0.15%). Wednesday's closes: Dollar Index -0.168 (-0.18%), EUR/USD +0.00374 (+0.33%), USD/JPY -0.089 (-0.07%). The dollar index on Wednesday closed lower on technical weakness after the failure to take out Tuesday's 1-week high, and on the sell-off in stocks, which boosted the safe-haven demand for the yen.
Aug WTI crude oil (CLQ15 -0.32%) this morning is down -23 cents (-0.38%). Aug gasoline (RBQ15 +0.11%) is up +0.0050 (+0.25%). Wednesday's closes: CLQ5 -0.74 (-1.21%), RBQ5 -0.0182 (-0.89%). Aug crude oil and gasoline on Wednesday closed lower on the +680,000 bbl increase in weekly EIA gasoline stockpiles (more than expectations for no change) and the +1.84 million bbl increase in EIA distillate supplies (more than expectations of +700,000 bbl). Crude oil found support as EIA crude inventories fell -4.93 million bbl, more than expectations of -1.5 million bbl.

GLOBAL EVENT CALENDAR06/25/2015

US	0830 ET	Weekly initial unemployment claims expected +6,000 to 273,000, previous -12,000 to 267,000. Weekly continuing claims expected -4,000 to 2.218 million, previous -50,000 to 2.222 million.
	0830 ET	May personal spending expected +0.7%, Apr unch. May personal income expected +0.5%, Apr +0.4%.
	0830 ET	May PCE deflator expected +0.3% m/m and +0.2% y/y, Apr unch m/m and +0.1% y/y. May PCE core deflator expected +0.1% m/m and +1.2% y/y, Apr +0.1% m/m and +1.2% y/y.
	0830 ET	USDA weekly Export Sales.
	0945 ET	Jun Markit services PMI expected +0.3 to 56.5, May -1.2 to 56.2. Jun Markit composite PMI, May -1.0 to 56.0.
	1100 ET	Jun Kansas City Fed manufacturing activity expected +4 to -9, May -6 to -13.
	1300 ET	Treasury auctions $29 billion of 7-year T-notes.
GER	0200 ET	German Jul GfK consumer confidence expected unch at 10.2.
UK	0600 ET	UK Jun CBI reported sales expected -16 to 35, May 51.
JPN	1930 ET	Japan May jobless rate expected unch at 3.3%. May job-to-applicant ratio expected unch at 1.17.
	1930 ET	Japan May overall household spending expected +3.6% y/y, Apr -1.3% y/y.
	1930 ET	Japan May national CPI expected +0.4% y/y, Apr +0.6% y/y. May national CPI ex-fresh food expected unch y/y, Apr +0.3% y/y. May national CPI ex food & energy expected +0.4% y/y, Apr +0.4% y/y.
	1930 ET	Japan Jun Tokyo CPI expected +0.5% y/y, May +0.5% y/y. Jun Tokyo CPI ex-fresh food expected +0.1% y/y, May +0.2% y/y. Jun Tokyo CPI ex food & energy expected +0.1% y/y, May +0.1% y/y.

U.S. STOCK CALENDAR06/25/2015

Company	Ticker	Time	Event Description	Period	Estimate
Accenture PLC	ACN US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.229
Delta Air Lines Inc	DAL US	7:30	Annual General Meeting	Y 2015
Accenture PLC	ACN US	8:00	Q3 2015 Earnings Call	Q3 2015
Kroger Co/The	KR US	11:00	Annual General Meeting	Y 2015
SLM Corp	SLM US	11:00	Annual General Meeting	Y 2015
NIKE Inc	NKE US	16:15	Q4 2015 Earnings Release	Q4 2015	0.833
Micron Technology Inc	MU US	16:30	Q3 2015 Earnings Call	Q3 2015
NIKE Inc	NKE US	17:00	Q4 2015 Earnings Call	Q4 2015
Micron Technology Inc	MU US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.572
Questar Corp	STR US		Roadshow - Texas Day 2	Y 2015
Rite Aid Corp	RAD US		Annual General Meeting
Chico's FAS Inc	CHS US		Annual General Meeting

Hasbro - All Time High

Hasbro (HAS) is the Barchart Chart of the Day.  The games and toys company has a Trend spotter buy signal, a Weighted Alpha of 56.80+. gained 46.35% in the last year and paid a 2.40% dividend.

The Chart of the Day belongs to Hasbro (HAS).  I found the games and toys 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 3/30 the stock gained 25.20%.

Hasbro Inc. is a worldwide leader in children's and family leisure time and entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Both internationally and in the U.S., its PLAYSKOOL, KENNER, TONKA, ODDZON, SUPER SOAKER, MILTON BRADLEY, PARKER BROTHERS, TIGER, HASBRO INTERACTIVE, MICROPROSE, GALOOB and WIZARDS OF THE COAST brands and products provide what the company believes to be the highest quality and most recognizable play experiences in the world.

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
• 10 new highs and up 7.46% in the last year
• Relative Strength Index 81.64%
• Barchart computes a technical support level at 77.37
• Recently traded at 78.34 with a 50 day moving average of 72.13

Fundamental factors:

• Market Cap $9.54 billion
• P/E 22.58
• Dividend yield 2.40%
• Revenue expected to grow 1.20% this year and another 8.50% next year
• Earnings estimated to increase 5.10% this year, an additional 19.90% next year and continue to compound at an annual rate of 11.60% for the next 5 years
• Wall Street analysts issued 3 strong buy, 3 buy and 5 hold recommendations for the stock

It has been difficult to use technical trading strategies to trade this stock.  I'd advice you use a trailing stop loss 10% off the most recent high t protect profits.

Best of the Dow

Today I reviewed the stocks listed in the Dow Jones Industrial Average and was amazed at how few industrial and manufacturing stocks made up the list.  We have moved from an agricultural and industrial country to a service and financial country and I'm not sure whether that is a good thing or not but we'll all just have to live with that.

I used Barchart to sort those 30 stock to see which ones that the highest technical buy signals and the list today includes Walt Disney Co (DIS), Goldman Sachs Group (GS), JP Morgan Chase & Co (JPM), Nike (NKE) and Unitedhealth Group (UNH).

Walt Disney Co (DIS)

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 3.70% in the last month
• Relative Strength Index 68.50%
• Barchart computes a technical support level at 113.42
• Recently traded at 113.98 with a 50 day moving average of 110.13

Goldman Sachs Group (GS)

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 3.99% in the last month
• Relative Strength Index 63.67%
• Barchart computes a technical support level at 215.81
• Recently traded at 215.40 with a 50 day moving average of 205.03

JP Morgan Chase & Co (JPM)

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 4.47% in he last month
• Relative Strength Index 65.66%
• Barchart computes a technical support level at 68.96
• Recently traded at 69.26 with a 50 day moving average of 65.80

Nike (NKE)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 2.79% in the last month
• Relative Strength Index 73.89%
• Barchart computes  technical support level at 106.65
• Recently traded at 107.20 with a 50 day moving average of 102.52

Unitedhealth Group (UNH)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 1.76% in the last month
• Relative Strength Index 58.18%
• Barchart computes a technical support level at 120.41
• Recently traded at 121.39 with a 50 day moving average of 118.02

BARCHART MORNING CALL 6/24

BARCHART MORNING CALL

Wednesday, June 24th, 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

September E-mini S&Ps (ESU15 -0.20%) are down -0.20% and European stocks are down -0.47% after Greek Prime Minister Tsipras said that creditors didn't accept his government's proposals for more aid. According to a person familiar with the matter, a new set of measures were sent to the Greek government today ahead of a meeting between Greek Prime Minister Tsipras and the three creditor institutions; the ECB, the IMF and the European Commission. Another negative for European stocks was the decline in German business confidence after the Jun IFO business climate fell more than expected to a 4-month low. Asian stocks closed mostly higher: Japan +0.28%, Hong Kong +0.26%, China +2.48%, Taiwan +0.07%, Australia +0.04%, Singapore +0.35%, South Korea +0.17%, India -0.27%. Japan's Nikkei Stock Index rallied to a fresh 15 year high after the minutes of the May BOJ policy meeting showed many policy makers want to continue monetary stimulus until Japan's inflation rate stabilizes at 2%. A rally in shipping stocks also aided gains in Asian stocks after the Baltic Dry Index, a gauge of commodity shipping rates, rose 1.4% to its highest close this year.
Commodity prices are mostly higher due to a weaker dollar. Aug crude oil (CLQ15 -0.05%) is up +0.20%, Aug gasoline (RBQ15 +0.77%) is up +0.59%. Metals prices are stronger. Aug gold (GCQ15 unch) is up +0.08%. Jul copper (HGN15 +0.46%) is up +0.06%. Agricultural prices are weaker.
The dollar index (DXY00 -0.32%) is down -0.24%. EUR/USD (^EURUSD) is up +0.29%. USD/JPY (^USDJPY) is down -0.02%.

Sep T-note prices (ZNU15 +0.10%) are up +2.5 ticks.
Greece's creditors handed Greece an overhauled set of measures the country must meet in order to receive bailout funds ahead of a meeting today in Brussels between Greek Prime Minister Tsipras and the heads of the three creditor institutions; ECB President Draghi, IMF Managing Director Lagarde and European Commission President Juncker. Eurozone finance ministers will then meet later today in an effort to reach a deal on more aid for Greece before its current bailout expires and 1.5 billion euros in debt payments come due to the IMF on Jun 30.
The German Jun IFO business climate fell -1.1 to 107.4, weaker than expectations of -0.4 to 108.1 and the lowest in 4 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (last week -5.5% with purchase sub-index -4.2% and refi sub-index -5.9%), (2) Q1 GDP revision (expected -0.2% vs last -0.7%), and (3) the Treasury's auction of $13 billion of 2-year floating-rate notes and $35 billion of 5-year T-notes.
There are 3 of the Russell 1000 companies that report earnings today: Lennar (0.64), Monsanto (2.06), Bed, Bath & Beyond (0.95).
U.S. IPO's scheduled to price today include: TransUnion (TRU), Milacron Holdings (MCRN), Gener8 Maritime (GNRT), Wayne Farms (WNFM), Glaukos (GKOS), Lantheus Holdings (LNTH), Catabasis Pharmaceuticals (CATB).
Equity conferences during the remainder of this week include: Global Hunter Securities Energy Conference on Tue-Wed, Jefferies Global Consumer Conference on Tue-Wed, Oppenheimer Consumer Conference on Tue-Wed, 3rd Annual Mobile Pharma Summit on Wed, and Sanford C. Bernstein Media Summit on Wed.

OVERNIGHT U.S. STOCK MOVERS

Citigroup (C +0.77%) and Goldman Sachs (GS +0.87%) were both downgraded to 'Hold' from 'Buy' at Deutsche Bank.
McCormick (MKC +0.06%) was upgraded to 'Outperform' from 'Market Perform' at Bernstein.
Electronic Arts (EA -0.06%) was upgraded to 'Buy' from 'Hold' at Jefferies with a price target of $80.
Anthem (ANTM -0.61%) was initiated with an 'Outperform' at RBC Capital with a price target of $222.
UnitedHealth (UNH +2.07%) was initiated with an 'Outperform' at RBC Capital with a price target of $159.
Comerica (CMA +1.10%) was upgraded to 'Buy' from 'Neutral' at BofA/Merril Lynch.
BHP Billiton (BHP +1.48%) was upgraded to 'Neutral' from 'Underperform' at Credit Suisse.
Lennar (LEN -1.01%) reported Q2 EPS of 79 cents, better than consensus of 64 cents.
Sysco (SYY -0.03%) dropped nearly 3% in after-hours trading after a federal judge blocked its bid to acquire U.S. Foods.
Ford (F +1.06%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
General Motors (GM +0.30%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Columbia Pipeline Group (CPGX) will replace Allegheny Technologies (ATI +3.22%) in the S&P 500 as of the close of trading on July 1.
Netflix (NFLX +0.93%) rose nearly 3% in after-hours trading after it announced a seven-for-one stock split.

MARKET COMMENTS

September E-mini S&Ps (ESU15 -0.20%) this morning are down -4.25 points (-0.20%). Tuesday's closes: S&P 500 +0.06%, Dow Jones +0.13%, Nasdaq +0.10%. The S&P 500 on Tuesday closed slightly higher on strong global manufacturing data as the Eurozone Jun manufacturing PMI rose +0.3 to a 14-month high of 52.5 and the China Jun HSBC flash manufacturing PMI rose +0.4 to 49.6, stronger than expectations of +0.2 to 49.4. Stocks also received a boost from the +2.2% increase in U.S. May new home sales to 546,000, stronger than expectations of +1.2% to 523,000 and the highest in 7-1/4 years.
Sep 10-year T-notes (ZNU15 +0.10%) this morning are up +2.5 ticks. Tuesday's closes: TYU5 -12.00, FVU5 -6.25. Sep T-notes on Tuesday closed lower on the stronger-than-expected U.S. May new home sales report of +2.2% to a 7-1/4 year high of 546,000, and an increase in inflation expectations after the 10-year T-note breakeven inflation rate climbed to a 1-1/2 month high.
The dollar index (DXY00 -0.32%) this morning is down -0.233 (-0.24%). EUR/USD (^EURUSD) is up +0.0032 (+0.29%). USD/JPY (^USDJPY) is down -0.02 (-0.02%). Tuesday's closes: Dollar Index +1.103 (+1.17%), EUR/USD -0.01731 (-1.53%), USD/JPY +0.574 (+0.47%). The dollar index on Tuesday rose to a 1-week high and closed higher on the stronger-than-expected U.S. May new home sales report, which may prompt the Fed to raise interest rates sooner rather than later.
Aug WTI crude oil (CLQ15 -0.05%) this morning is up +12 cents (+0.20%). Aug gasoline (RBQ15 +0.77%) is up +0.0121 (+0.59%). Tuesday's closes: CLQ5 +0.63 (+1.04%), RBQ5 +0.0551 (+2.76%). Aug crude oil and gasoline on Tuesday closed higher on (1) expectations that Wednesday's weekly EIA data will show that crude inventories fell -1.5 million bbl, the eighth straight weekly decline, and (2) signs of strength in the global economy after the Eurozone Jun Markit manufacturing PMI and the China Jun HSBC manufacturing PMI were both stronger than expected.

GLOBAL EVENT CALENDAR06/24/2015

US	0700 ET	Weekly MBA mortgage applications, previous -5.5% with purchase sub-index -4.2% and refi sub-index -5.9%.
	0830 ET	Revised Q1 GDP expected -0.2% (q/q annualized), previous -0.7%. Q1 personal consumption expected +1.9%, previous +1.8%. Q1 GDP price index, previous -0.1%. Q1 core PCE deflator, previous +0.8%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1130 ET	Treasury auctions $13 billion of 2-year floating-rate notes.
	1300 ET	Treasury auctions $35 billion of 5-year T-notes.
GER	0400 ET	German Jun IFO business climate expected -0.4 to 108.1, May 108.5. Jun IFO current assessment expected -0.2 to 114.1, May 114.3. Jun IFO expectations expected -0.6 to 102.4, May 103.0.

U.S. STOCK CALENDAR06/24/2015

Company	Ticker	Time	Event Description	Period	Estimate
Lennar Corp	LEN US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.641
Monsanto Co	MON US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	2.063
CenturyLink Inc	CTL US	8:45	Analyst Day	Y 2015
Rock-Tenn Co	RKT US	9:00	Extraordinary Shareholders Meeting - M&A Vote	Y 2015
McKesson Corp	MCK US	9:00	Investor Day	Y 2015
MeadWestvaco Corp	MWV US	9:00	Extraordinary Shareholders Meeting - M&A Vote	Y 2015
Signet Jewelers Ltd	SIG US	9:30	Investor Conference	Y 2015
Monsanto Co	MON US	9:30	Q3 2015 Earnings Call	Q3 2015
Red Hat Inc	RHT US	10:30	Analyst Day	Y 2015
Lennar Corp	LEN US	11:00	Q2 2015 Earnings Call	Q2 2015
Equity Residential	EQR US	14:00	Annual General Meeting	Y 2015
Bed Bath & Beyond Inc	BBBY US	17:00	Q1 2016 Earnings Call	Q1 2016
Bed Bath & Beyond Inc	BBBY US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.945
Questar Corp	STR US		Roadshow - Texas Day 1	Y 2015
Raymond James Financial Inc	RJF US		May 2015 Sales and Revenue Release - Operating Data	2015
IAC/InterActiveCorp	IACI US		Annual General Meeting
Yahoo! Inc	YHOO US		Annual General Meeting

Xencor All Time High

Xencor (XNCR) is the Barchart Chart of the Day.  The bio-pharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 88.21+ and gained 96.07% in the last year.

The Chart of the Day belongs to Xencor (XNCR).  I found the bio-pharmaceutical stock by using Barchart to sort 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 5/15 the stock gained  43.47%.

Xencor Inc. is a clinical-stage bio-pharmaceutical company. It develops antibodies for the treatment of autoimmune diseases, asthma and allergic diseases, and cancer. Xencor Inc. is based in Monrovia, 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
• 12 new highs and up 28.69% in the last month
• Relative Strength Index 77.76%
• Barchart computes a technical support level at 21.40
• Recently traded at 21.98 with a 50 day moving average of 16.80

Fundamental factors:

• Market Cap $887.11 million
• Revenue expected to decrease 23.50% this year and decrease again by another 3.20% next year
• Earnings are estimated to decrease by 38.5% this year and increase again by 1.40% next year
• Despite this poor projections Wall Street analysts issued 3 strong buy and 2 buy recommendations on the stock

The 20 day moving average vs the price has been a reliable technical trading strategy and should continue to be used.

2U Inc - All Time High

2U Inc (TWOU) is the Barchart Chart of the Day.  The internet software company has a Trend Spotter buy signal, a Weighted Alpha of 111.03% and gained 110.21% in the last year.

The Chart of the Day belongs to 2U Inc (TWOU).  I found the intenet software stock by using Barchart to sort today's All Time High list for the stocks with the highest technical buy signals then I used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 5/11 the stock gained 9.64%.

2U, Inc. is an education technology company. It is a provider of cloud-based software-as-a-service (SaaS) solutions that enables nonprofit colleges and universities to deliver their education to students anywhere. The Company offers graduate and undergraduate degree programs in social work, science, public administration, healthcare, laws, education, and business administration. It also offers a suite of technology-enabled services including content development, student acquisition, and state authorization services, as well as application advising, student and faculty support, and in-program student field placements. 2U, Inc. is based in Landover, Maryland.

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 signals
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 14.55% in the last month
• Relative Strength Index 75.83%
• Barchart computes a technical support level at 33.10
• Recently traded at 31.09 with a 50 day moving average of 27.50

Fundamental factors:

• Market Cap $ 1.28 billion
• Revenue expected to grow 33.40% this year and another 29340% next year
• Earnings estimated to increase 23.60% this year, an additional 28.60% next year and continue to increase at an annual rate of 30.90% for the next 5 years
• Wall Street analysts issued 4 strong buy, 3 buy and 1 hold recommendations on the stock

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