Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2015-07-12

Friday, July 17, 2015

Horizon Pharma - Barchart's Chart of the Day

Horizon Pharma (HZNP) is the Barchart Chart of the Day. The pharmaceutical preparations company has a Trend spotter buy signal, a Weighted Alpha of 262.38+ and gained 170.026% in the last year.

The Chart of the Day belongs to Horizon Pharma (HZNP). I found the pharmaceutical preparations stock by using Barchart to sort today's All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a by on 3/30 the stock gained 42.83%.

Horizon Pharma plc is a specialty biopharmaceutical company focused on improving patients' lives by identifying, developing, acquiring and commercializing differentiated products that address unmet medical needs. The company markets a portfolio of products in arthritis, inflammation and orphan diseases. The company's U.S. marketed products are ACTIMMUNE' (interferon gamma-1b), DUEXIS' (ibuprofen/famotidine), PENNSAID' (diclofenac sodium topical solution) 2% w/w, RAYOS' (prednisone) delayed-release tablets and VIMOVO' (naproxen/esomeprazole magnesium). Horizon's global headquarters are in Dublin, Ireland.

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 11.75% in the last month
Relative Strength Index 67.60%
Barchart computes a technical support level at 36.08
Recently traded at 37.08 with a 50 day moving average of 32.42

Fundamental factors:

Market Cap $5.39 billion
P/E 46.47
Revenue expected to grow 106.00% in the this year and another 27.20% next year
Earning estimated to increase 30.50% this year, an additional 41.90% next year and continue to compound at an annual rate of 16.00% for the next 5 years
Wall Street analysts issued 6 strong bu and 4 buy recommendations of the stock

The 100 day moving average vs the price has been an effective technical trading strategy for this stock

Thursday, July 16, 2015

Prothena - Barchart Chart of the Day

Prothena (PRTA) is the Barchart Chart of the Day. The pharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 220.43+ and gained 207.84% in the last year.

The Chart of the Day belongs to Prothena (PRTA). I found the pharmaceutical stock by using Barchart to sort today's All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/29 the stock gained 48.38%.

Prothena Corporation plc is a biotechnology company focused on the discovery and development of therapeutic monoclonal antibodies for disease-causing proteins. The Company is developing the following programs: NEOD001 for Amyloidosis, NEOD002 for Parkinson's disease, MCAM for Inflammatory disease and Metastatic Cancer and Tau for Alzheimer's disease. Prothena Corporation plc is headquartered in Dublin, Ireland.

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
5 new highs and up 25.44% in the last month
Relative Strength Index 71.58%
Barchart computes a technical support level at 51.75
Recently traded at 58.52 with a 50 day moving average of 43.93

Fundamenatl factors:

Market Cap $1.80 billion
Revenue expected to grow 884.80% next year
Earnings estimated to increase 24.30% next year
Wall Street analysts issued 3 strong buy and 3 buy recommendations for the stock

The 50-100 Day MACD Oscillator has been a reliable technical trading strategy for the stock

BARCHART MORNING CALL 7/16

BARCHART MORNING CALL

Thursday, July 16th, 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

September E-mini S&Ps (ESU15 +0.39%) are up +0.32% at a 3-week high and European stocks are up +1.42% at a 1-1/2 month high after the Greek parliament approved austerity measures needed as a precondition for a third bailout. European stocks also received a boost after an official familiar with the situation said that Eurozone finance ministers agreed in principle to extend a 7 billion-euro bridge loan to Greece. European automakers led the overall market higher after European car sales last month rose at the fastest pace in 5-1/2 years. Asian stocks closed mostly higher: Japan +0.67%, Hong Kong +0.43%, China +0.46%, Taiwan -0.13%, Australia +0.59%, Singapore +0.44%, South Korea +0.73%, India +0.88%. Japan's Nikkei Stock Index rose to a 2-1/2 week high as a rally in exporters led the overall market higher after the yen slipped to a 3-week low against the dollar.
Commodity prices are mixed. Aug crude oil (CLQ15 +1.23%) is up +0.56%. Aug gasoline (RBQ15 +1.78%) is up +1.36%. Metals prices are mixed. Aug gold (GCQ15 -0.38%) is down -0.38%. Sep copper (HGU15 +0.02%) is up +0.08%. Agricultural prices are mixed.
The dollar index (DXY00 +0.40%) is up +0.44% at a 1-1/2 month high on divergent central bank policies with the Fed expected to raise interest rates while the ECB continues with its quantitative easing program. EUR/USD (^EURUSD) is down -0.49% at a 1-1/2 month low. USD/JPY (^USDJPY) is up +0.22% at a 3-week high as a rally in world stock markets curbs the safe-haven demand for the yen.

Sep T-note prices (ZNU15 -0.26%) are down -13 ticks.
The markets will play close attention to ECB President Draghi's press conference following today's ECB meeting to see how the ECB will support the reopening of Greece's shuttered banks after the Greek Parliament passed new austerity measures that are a precondition for a third bailout. European leaders must agree on some kind of bridge financing to ensure that Greece doesn't miss a 3.5 billion-euro repayment due to the ECB on July 20. Also, a third bailout to Greece must be approved in several Eurozone parliaments, including Germany's. Capital controls in Greece could remain in place indefinitely, and Greece's banks, which have remained closed for more than 2 weeks, may need more liquidity to allow them to reopen.
Eurozone Jun new car registrations climbed +14.6% y/y to 1.364 million, the biggest increase in 5-1/2 years and the 22nd straight month registrations have increased.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) the second day of Fed Chair Janet Yellen's semi-annual testimony to Congressional panels, (2) weekly initial unemployment claims (expected -12,000 to 285,000 after last week's +15,000 to 297,000) and continuing claims (expected -34,000 to 2.300 million after last week's +69,000 to 2.334 million), (3) July NAHB housing market index (expected unchanged at 59 after June's +5 to 59), (4) July Philadelphia Fed business outlook survey (expected -3.2 to 12.0 after June's +8.5 to 15.2).
There are 16 of the S&P 500 companies that report earnings today with notable reports including: Goldman Sachs (consensus $3.96), Citigroup (1.34), Google (6.73), eBay (0.73), Schlumberger (0.79), Cintas (0.85).
U.S. IPO's scheduled to price today include: Rapid7 (RPD), MCBC Holdings (MCFT), Ooma (OOMA), Provident Bancorp (PVBC), WPX Energy (WPX).
Equity conferences during the remainder of this week include: none.

OVERNIGHT U.S. STOCK MOVERS

Goldman Sachs (GS +0.38%) reported Q2 EPS $4.75 ex-items, well above consensus of $3.89.
eBay (EBAY -0.24%) reported Q2 EPS of 76 cents, higher than consensus of 73 cents.
UnitedHealth Group (UNH +0.69%) reported Q2 EPS of $1.64, better than consensus of $1.59.
PPG Industries (PPG -0.54%) reported Q2 EPS of $1.67, above consensus of $1.64.
Sherwin-Williams (SHW -0.75%) reported Q2 EPS of $3.70, below consensus of $3.81.
Domino's Pizza (DPZ -0.21%) reported Q2 EPS of 81 cents, better than consensus of 79 cents.
HD Supply (HDS -0.76%) lowered guidance on Q2 adjusted EPS to 50 cents-56 cents, below consensus of 65 cents.
Starbucks (SBUX -0.74%) was initiated with a 'Buy' at BTIG with a price target of $64.
Chipotle (CMG +0.87%) was initiated with a 'Buy' at BTIG with a price target of $779.
Buffalo Wild Wings (BWLD -1.48%) was initiated with a 'Buy' at BTIG with a price target of $212.
HCA Holdings (HCA -0.63%) lowered guidance on Q2 EPS to about $1.18, less than consensus $1.32, and said Q2 revenue will be $9.9 billion, below consensus of $9.7 billion.
Universal Forest (UFPI -1.42%) reported Q2 EPS of $1.28, above consensus of $1.18, although Q2 revenue of $838.2 million was below consensus of $851.44 million.
Kinder Morgan (KMI -1.16%) reported Q2 EPS of 15 cents, below consensus of 19 cents.
Netflix (NFLX -86.03%) jumped 10% in after-hours trading after it reported Q2 EPS of 6 cents, higher than consensus of 4 cents.
Intel (INTC +0.13%) rose over 4% in after-hours trading after it reported Q2 EPS of 55 cents, better than consensus of 50 cents.

MARKET COMMENTS

September E-mini S&Ps (ESU15 +0.39%) this morning are up +6.75 points (+0.32%) at a fresh 3-week high. Wednesday's closes: S&P 500 -0.07%, Dow Jones -0.02%, Nasdaq +0.11%. The S&P 500 on Wednesday rose to a 2-1/2 week high but fell back and settled little changed. Stocks received a boost from the stronger-than-expected +0.3% increase in U.S. Jun industrial production and strength in biotechnology companies on increased M&A activity after Celgene bought Receptos for $7.2 billion. The stock market was also pleased that China Q2 GDP grew at a +7.0% y/y pace, faster than expectations of +6.8% y/y. Negative factors included (1) weakness in energy producers after crude oil sold off, and (2) comments from Fed Chair Yellen who said the Fed remains on track to raise interest rates this year.
Sep 10-year T-notes (ZNU15 -0.26%) this morning are down -13 ticks. Sep T-notes on Wednesday closed higher: TYU5 +13.00, FVU5 +6.25. Bullish factors included (1) Fed Chair Yellen's testimony to the House Financial Services Committee as she said the Fed's path of interest rate increases will be gradual, and (2) carryover support from strength in German bunds.
The dollar index (DXY00 +0.40%) this morning is up +0.425 (+0.44%) at a 1-1/2 month high. EUR/USD (^EURUSD) is down -0.0054 (-0.49%) at a 1-1/2 month low. USD/JPY (^USDJPY) is up +0.27 (+0.22%) at a 3-week high. The dollar index on Wednesday climbed to a 6-week high and settled higher: Dollar Index +0.523 (+0.54%), EUR/USD -0.00591 (-0.54%), USD/JPY +0.379 (+0.31%).The dollar rallied on (1) Fed Chair Yellen's comment that the Fed expects growth "to strengthen over the remainder of this year," which will allow the Fed to raise interest rates this year, and (2) the stronger-than-expected U.S. June industrial production report of +0.3%.
Aug WTI crude oil (CLQ15 +1.23%) this morning is up +29 cents (+0.56%). Aug gasoline (RBQ15 +1.78%) is up +0.0252 (+1.36%). Aug crude oil and gasoline closed lower Wednesday with Aug gasoline at a 2-3/4 month low: CLQ5 -1.63 (-3.07%), RBQ5 -0.0687 (-3.56%). Negative factors included (1) the rally in the dollar index to a 6-week high, (2) the +3.89 million bbl increase in weekly EIA distillate inventories to a 3-1/4 year high of 141.28 million bbl, more than expectations of +1.5 million bbl, and (3) the +438,000 bbl increase in inventories at Cushing, OK, the delivery point of WTI futures, the third straight increase. The main bullish factor was the -4.346 million bbl draw in weekly EIA crude inventories, more than expectations of -2.0 million bbl.

GLOBAL EVENT CALENDAR07/16/2015

US	0830 ET	Weekly initial unemployment claims expected -12,000 to 285,000, previous +15,000 to 297,000. Weekly continuing claims expected -34,000 to 2.300 million, previous +69,000 to 2.334 million.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Jul NAHB housing market index expected unch at 59, Jun +5 to 59.
	1000 ET	Jul Philadelphia Fed business outlook survey expected -3.2 to 12.0, Jun +8.5 to 15.2.
	1000 ET	Fed Chair Janet Yellen delivers semi-annual testimony to the Senate Banking Committee.
	1100 ET	Treasury announces amount of 10-year TIPS to be auctioned Jul 23 (previous $13 billion).
EUR	0200 ET	Eurozone Jun new car registrations, May +1.3% y/y.
	0500 ET	Revised Eurozone Jun CPI, previous +0.3% y/y and Jun core CPI +0.8% y/y.
	0745 ET	ECB announces interest rate decision.
	0830 ET	ECB President Mario Draghi holds press conference following ECB meeting.

U.S. STOCK CALENDAR07/16/2015

Company	Ticker	Time	Event Description	Period	Estimate
PPG Industries Inc	PPG US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	1.641
Charles Schwab Corp/The	SCHW US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.237
BB&T Corp	BBT US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.698
UnitedHealth Group Inc	UNH US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	1.585
M&T Bank Corp	MTB US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	1.978
KeyCorp	KEY US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.277
eBay Inc	EBAY US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.725
Sherwin-Williams Co/The	SHW US	7:00	Q2 2015 Earnings Release	Q2 2015	3.811
Philip Morris International Inc	PM US	7:00	Q2 2015 Earnings Release	Q2 2015	1.129
Goldman Sachs Group Inc/The	GS US	7:30	Q2 2015 Earnings Release	Q2 2015	3.963
Citigroup Inc	C US	8:00	Q2 2015 Earnings Release	Q2 2015	1.342
BB&T Corp	BBT US	8:00	Q2 2015 Earnings Call	Q2 2015
eBay Inc	EBAY US	8:00	Q2 2015 Earnings Call	Q2 2015
Stericycle Inc	SRCL US	8:30	Acquisition of Shred-It International by Stericycle, Inc. Call
UnitedHealth Group Inc	UNH US	8:45	Q2 2015 Earnings Call	Q2 2015
KeyCorp	KEY US	9:00	Q2 2015 Earnings Call	Q2 2015
Philip Morris International Inc	PM US	9:00	Q2 2015 Earnings Call	Q2 2015
Goldman Sachs Group Inc/The	GS US	9:30	Q2 2015 Earnings Call	Q2 2015
M&T Bank Corp	MTB US	10:00	Q2 2015 Earnings Call	Q2 2015
Citigroup Inc	C US	11:00	Q2 2015 Earnings Call	Q2 2015
Sherwin-Williams Co/The	SHW US	11:00	Q2 2015 Earnings Call	Q2 2015
PPG Industries Inc	PPG US	14:00	Q2 2015 Earnings Call	Q2 2015
People's United Financial Inc	PBCT US	16:00	Q2 2015 Earnings Release	Q2 2015	0.212
Google Inc	GOOGL US	16:30	Q2 2015 Earnings Call	Q2 2015
Mattel Inc	MAT US	17:00	Q2 2015 Earnings Call	Q2 2015
Cintas Corp	CTAS US	17:00	Q4 2015 Earnings Call	Q4 2015
People's United Financial Inc	PBCT US	17:00	Q2 2015 Earnings Call	Q2 2015
Mattel Inc	MAT US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	-0.044
Schlumberger Ltd	SLB US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.792
Cintas Corp	CTAS US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	0.846
Google Inc	GOOGL US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	6.726
Iron Mountain Inc	IRM US		Roadshow - Baltimore - Day 3	Y 2015

Wednesday, July 15, 2015

Receptos - Barchart's Chart of the Day

Receptos (RCPT) is the Barchart Chart of the Day. The biopharmaceutical company has a Trend spotter buy signal, a Weighted Alpha of 365.70+ and gained 525.74% in the last year.

The Chart of the Day belongs to Receptos (RCPT). I found the biopharmaceutical stock by sorting today's All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/12 the stock gained 37.49%.

Receptos, Inc. is a biopharmaceutical company. It develops therapeutic for the treatment of immune and metabolic diseases. Receptos, Inc. is headquartered in San Diego, California.

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
8 new highs and up 31.32% in the last month
Relative Strength Index 75.56%
Barchart computes a technical support level at 192.71
Recently traded at 229.81 with a 50 day moving average of 174.71

Fundamental factors:

Market Cap $7.25 billion
Revenue expected to grow 272.20% this year and another 58.60% next year
Earnings estimated to decrease 9.70% this year an an additional 13.80% next year
In spite of the poor earnings projections the stock keeps rising and Wall Street analysts issued 2 strong buy and 4 buy recommendations on the stock

The 20-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock/

Buy Signals - ABCD CACB NAVB

Today I added Cambium Learning Group (ABCD), Cascade Bancorp (CACB) and Navidea Biopharmaceuticals (NAVB) to the Barchart Van Meerten Speculative portfolio for superior price performance.

Cambium Learning Group (ABCD)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 19.58% in the last month
Relative Strength index 80.83%
Barchart computes a technical support level at 4.80%
Recently traded at 5.06 with a 50 day moving average of 4.01

Cascade Bancorp (CACB)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 7.85% in the last month
Relative Strength Index 67.49%
Barchart computes a technical support level at 5.27
Recently traded at 5.40 with a 50 day moving average of 5.05

Navidea Biopharmaceuticals (NAVB)

Barchart technical indicators:

88% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 21.19% in the last month
Relative Strength Index 78.03%
Barchart computes a technical support level at 1.65
Recently traded at 1.82 with a 50 day moving average of 1.48

BARCHART MORNING CALL 7/15

BARCHART MORNING CALL

Wednesday, July 15th, 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

September E-mini S&Ps (ESU15 +0.11%) are up %+0.08 and European stocks are up +0.19%, both at 2-1/2 week highs ahead of testimony later this morning from Fed Chair Yellen to the House Financial Services Committee. The Greek Parliament votes today on a package of reforms needed in order to obtain bailout funds. Stronger-than-expected Chinese economic data on Q2 GDP and Jun industrial production gave global stocks a boost, although China's Shanghai Composite closed lower as sentiment towards Chinese stocks remains weak. 701 stocks on China's mainland exchanges remain halted by trading curbs and with another 1,240 stocks falling by the 10% daily limit, sellers were locked out of about 67% of the Chinese market. Asian stocks closed mostly higher: Japan +0.38%, Hong Kong -0.26%, China -3.03%, Taiwan +0.14%, Australia +1.05%, Singapore +0.67%, South Korea +0.41%, India +0.95%.
Commodity prices are mixed. Aug crude oil (CLQ15 -0.68%) is down -0.68%. Aug gasoline (RBQ15 -0.75%) is down -0.42%. Metals prices are mixed. Aug gold (GCQ15 +0.04%) is up +0.02%. Sep copper (HGU15 +0.83%) is up +1.16%. Agricultural prices are weaker.
The dollar index (DXY00 +0.03%) is up +0.01%. EUR/USD (^EURUSD) is up +0.08%. USD/JPY (^USDJPY) is up +0.12%.

Sep T-note prices (ZNU15 +0.05%) are up +1 tick.
The IMF released an analysis on Greece's debt situation which said that Greece's public debt has become highly unsustainable due to the easing of policies during the past year and the recent deterioration in the domestic macroeconomic and financial environment because of the closure of the banking system. The IMF estimates Greece's financing need through mid-2018 will be 85 billion euros and debt is expected to peak at close to 200% GDP in the next 2 years. The IMF said Greece's debt can only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far.
Speaking last night in Kansas City at an agricultural symposium, Kansas City Fed President George said that the economy is "back on track" in Q2 after a soft Q1 and that the Fed should begin to think about raising interest rates, though the U.S. will need accommodative policy for some time.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Fed Chair Janet Yellen's semi-annual testimony to the House Financial Services Committee, (2) weekly MBA mortgage applications (last week +4.6% with purchase sub-index +6.6% and refi sub-index +2.7%), (3) July Empire manufacturing index (expected +5.23 to 3.25 after June's -5.07 to -1.98), (4) June final-demand PPI (expected +0.2% m/m and -0.9% y/y after May's +0.5% m/m and -1.1% y/y) and June core PPI (expected +0.1% m/m and +0.7% y/y after May's +0.1% m/m and +0.6% y/y), (5) June industrial production (expected +0.2% after May's -0.2%), (6) the Fed's Beige Book report, (7) San Francisco Fed President John Williams' speech on the economic outlook to the Mesa Chamber of Commerce, (8) Cleveland Fed President Loretta Mester's speech on the economic outlook at the Columbus Metropolitan Club, (9) San Francisco Fed President John Williams' speech on the economic outlook to the Mesa Chamber of Commerce.
There are 8 of the S&P 500 companies that report earnings today: Bank of America (consensus $0.36), Intel (0.50), PNC Finanical (1.76), US Bancorp (0.80), Blackrock (4.79), Kinder Morgan (0.19), Netflix (0.29), Delta Airlines (1.21).
U.S. IPO's scheduled to price today include: Pronai Therapeutics (DNAI), Jupai Holdings (JP), Innovation Economy (MYIE), Farmland Partners (FPI), Cymabay Therapeutics (CBAY).
Equity conferences during the remainder of this week include: SEMICON West CEO Investor Summit on Tue-Wed, 2015 International Stewardship Symposium on Wed, Delivering Alpha Conference on Wed.

OVERNIGHT U.S. STOCK MOVERS

Bank of America (BAC +0.65%) reported Q2 EPS of 45 cents, better than consensus of 36 cents.
BlackRock (BLK -0.44%) reported Q2 EPS of $4.96, higher than consensus of $4.79.
PNC Financial Services Group (PNC +0.59%) reported Q2 EPS of $1.75, less than consensus of $1.76.
Delta Air Lines (DAL +0.67%) reported Q2 EPS of $1.27, above consensus of $1.21.
Eli Lilly (LLY -0.07%) was downgraded to 'Equal Weight' from 'Overweight' at Morgan Stanley.
Health Care REIT (HCN -0.48%) was initiated with a 'Buy' at SunTrust with a price target of $76.
Seagate (STX +2.87%) was upgraded to 'Buy' from 'Hold' at Craig-Hallum.
Avis Budget (CAR +0.76%) and Hertz (HTZ +0.71%) were both upgraded to 'Buy' from 'Hold' at Deutsche Bank.
Vodafone (VOD +1.12%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
PayPal (PYPLV +0.41%) will replace Noble Corp. (NE +0.34%) in the S&P 500 as of the close of trading on Friday, July 17.
Celgene (CELG +1.62%) climbed 5% and Receptos (RCPT +5.11%) jumped 10% in after-hours trading after Celgene said it will acquire Receptos for $232 per share in cash, or about $7.2 billion.
Gabelli reported a 5.43% stake in DealerTrack (TRAK -0.11%) .
Yum! Brands (YUM +0.97%) reported Q2 adjusted EPS of 69 cents, better than consensus of 63 cents, although it reported its Q2 China Division same-store-sales were down 10%.
CSX (CSX +0.53%) reported Q2 EPS of 56 cents, higher than consensus of 53 cents.

MARKET COMMENTS

September E-mini S&Ps (ESU15 +0.11%) this morning are up +1.75 points (+0.08%) at a 2-1/2 week high. Tuesday's closes: S&P 500 +0.44%, Dow Jones +0.42%, Nasdaq +0.65%. The S&P 500 index on Tuesday rallied to a 2-1/2 week high on (1) strength in chipmaker stocks after reports that China's Tsinghua Unigroup Ltd will offer $23 billion for Micron Technology, and (2) strength in energy producers after crude oil shook off early losses and moved higher. Stocks were undercut by the unexpected decline in U.S. Jun retail sales of -0.3% and -0.1% ex autos, weaker than expectations of +0.3% and +0.5% ex autos.
Sep 10-year T-notes (ZNU15 +0.05%) this morning are up +1 tick. Tuesday's closes: TYU5 +11.00, FVU5 +6.50. Sep T-notes on Tuesday settled higher on speculation the Fed will delay raising interest rates after U.S. Jun retail sales unexpectedly declined.
The dollar index (DXY00 +0.03%) this morning is up +0.009 (+0.01%). EUR/USD (^EURUSD) is up +0.0009 (+0.08%). USD/JPY (^USDJPY) is up +0.15 (+0.12%). Tuesday's closes: Dollar Index -0.215 (-0.22%), EUR/USD +0.00074 (+0.07%), USD/JPY -0.043 (-0.03%). The dollar index on Tuesday closed lower on (1) the unexpected decline in U.S. Jun retail sales, which may prompt the Fed to delay an interest rate increase, and (2) strength in EUR/USD after the German Jul ZEW survey of investor confidence fell less than expected.
Aug WTI crude oil (CLQ15 -0.68%) this morning is down -36 cents (-0.68%). Aug gasoline (RBQ15 -0.75%) is down -0.0081 (-0.42%). Tuesday's closes: CLQ5 +0.84 (+1.61%), RBQ5 -0.0155 (-0.80%). Aug crude and gasoline on Tuesday settled mixed with Aug gasoline at a 2-1/2 month low. Crude oil closed higher on dollar weakness and expectations that Wednesday's weekly EIA crude inventories report will fall -2.75 million bbl. Bearish factors included (1) the Iranian nuclear agreement, which will likely result in a surge of Iranian oil production in 2016 after sanctions are potentially dropped in December, and (2) the fall in Aug gasoline to a 2-1/2 month low on concern about U.S. consumer spending after Jun retail sales unexpectedly declined.

GLOBAL EVENT CALENDAR07/15/2015

US	0700 ET	Weekly MBA mortgage applications, previous +4.6% with purchase sub-index +6.6% and refi sub-index +2.7%.
	0830 ET	Jul Empire manufacturing survey of general business conditions expected +5.23 to 3.25, Jun -5.07 to -1.98.
	0830 ET	Jun PPI final demand expected +0.2% m/m and -0.9% y/y, May +0.5% m/m and -1.1% y/y. Jun PPI ex food & energy expected +0.1% m/m and +0.7% y/y, May +0.1% m/m and +0.6% y/y.
	0915 ET	Jun industrial production expected +0.2%, May -0.2%. Jun capacity utilization expected unch at 78.1%, May was -0.2 to 78.1%.
	1000 ET	Fed Chair Janet Yellen delivers semi-annual testimony to the House Financial Services Committee.
	1030 ET	EIA Weekly Petroleum Status Report.
	1200 ET	San Francisco Fed President John Williams speaks on the economic outlook to the Mesa Chamber of Commerce.
	1225 ET	Cleveland Fed President Loretta Mester speaks on the economic outlook at the Columbus Metropolitan Club.
	1400 ET	Fed releases Beige Book.
	1500 ET	San Francisco Fed President John Williams delivers a speech on the economic outlook to the Mesa Chamber of Commerce.
UK	0430 ET	UK Jun jobless claims change expected -9,000, May -6,500. Jun claimant count rate expected unch at 2.3%.
	0430 ET	UK May avg weekly earnings expected +3.3% 3-mon avg y/y, Apr +2.7% 3-mon avg y/y. May weekly earnings ex-bonus expected +3.0% 3-mon avg y/y, Apr +2.7% 3-mon avg y/y.
	0430 ET	UK May ILO unemployment rate expected unch at +5.5 in the three months through May, previous +5.5% in the three months through Apr.
JPN	n/a	BOJ announces interest rate decision and asset purchase target following 2-day policy meeting.

U.S. STOCK CALENDAR07/15/2015

Company	Ticker	Time	Event Description	Period	Estimate
PNC Financial Services Group Inc/The	PNC US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	1.756
US Bancorp	USB US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.8
BlackRock Inc	BLK US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	4.792
Bank of America Corp	BAC US	7:00	Q2 2015 Earnings Release	Q2 2015	0.361
CSX Corp	CSX US	8:30	Q2 2015 Earnings Call	Q2 2015
Bank of America Corp	BAC US	8:30	Q2 2015 Earnings Call	Q2 2015
BlackRock Inc	BLK US	8:30	Q2 2015 Earnings Call	Q2 2015
Yum! Brands Inc	YUM US	9:15	Q2 2015 Earnings Call	Q2 2015
US Bancorp	USB US	9:30	Q2 2015 Earnings Call	Q2 2015
Delta Air Lines Inc	DAL US	10:00	Q2 2015 Earnings Call	Q2 2015
PNC Financial Services Group Inc/The	PNC US	10:30	Q2 2015 Earnings Call	Q2 2015
Paychex Inc	PAYX US	11:30	Investor Day	Y 2015
Kinder Morgan Inc/DE	KMI US	16:00	Q2 2015 Earnings Release	Q2 2015	0.189
Netflix Inc	NFLX US	16:05	Q2 2015 Earnings Release	Q2 2015	0.293
Netflix Inc	NFLX US	16:30	Q2 2015 Earnings Call	Q2 2015
Kinder Morgan Inc/DE	KMI US	16:30	Q2 2015 Earnings Call	Q2 2015
Intel Corp	INTC US	17:00	Q2 2015 Earnings Call	Q2 2015
Intel Corp	INTC US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.499
Iron Mountain Inc	IRM US		Roadshow - Baltimore - Day 2	Y 2015
Amazon.com Inc	AMZN US		Amazon's Prime Day" Sales Event"
Delta Air Lines Inc	DAL US		Q2 2015 Earnings Release	Q2 2015	1.213

Tuesday, July 14, 2015

Radius Health - Barchart Chart of the day

Radius Heath (RDUS) is the Barchart Chart of the Day. The biopharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 324.60+ and gained 524.08% in the last year.

The Chart of the Day belongs to Radius Health (RDUS). I found the biopharmaceutical stock by sorting today's All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/12 the stock gained 83.47%.

Radius Health Inc. is a science-driven biopharmaceutical company. It is focused on developing novel differentiated therapeutics for patients with osteoporosis as well as other serious endocrine-mediated diseases. The Company's lead product candidate, abaloparatide (BA058), is in development, in both injection (Abaloparatide-SC) and transdermal (Abaloparatide-TD) methods of administration, for the prevention of fractures in post-menopausal women at risk of fracture from osteoporosis. Radius Health Inc. is based in Cambridge, Massachusetts.

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 62.41% in the last month
Relative Strength index 80.27%
Barchart computes a technical support level at 71.01%
Recently traded at 77.76 with a 50 day moving average of 53.46

Fundamental factors:

Market Cap $2.95 billion
Revenue expected to increase 47.50% this year, an additional 34.00% next year and continue to compound at an annual rate of 4..10% for the next 5 years
Wall Street analysts issued 5 strong buy and 1 hold recommendation on the stock

The 50 day moving average vs prices has been an effective technical trading strategy on this stock.

Buy Signals - CBRL RLH FL FAF

Today I added Cracker Barrel Old Country Store (CBRL), Westcoast Hospitality (RLH), Footlocker (FL) and First American (FAF) to the Barchart Van Meerten New High portfolio for very positive price momentum.

Cracker Barrel Old Country Store (CBRL)

Barchart technical indicators:

80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 8.65% in the last month
Relative Strength Index 73.27%
Barchart computes a technical support level at 156.58
Recently traded at 159.73 with a 50 day moving average of 144.49

Westcoast Hospitality (RLH)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 15.81% in the last month
Relative Strength Index 73.27%
Barchart computes a technical support level at 7.65
Recently traded at 8.25 with a 50 day moving average of 7.41

Footlocker (FL)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 11.32% in the last month
Relative Strength Index 77.43%
Barchart computes a technical support level at 69.00
Recently traded at 70.77 with a 50 day moving average of 64.21

First American (FAF)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 9.80% in the last month
Relative strength Index 64.46%
Barchart computes a technical support level at 37.26
Recently traded at 38.57 with a 50 day moving average of 36.15

Nomura Holdings - Buy Signalsnmr

Today I added Nomura Holdings (NMR) to the Barchart Van Meerten Speculative portfolio for positive price momentum:

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 9.01% in the last month
Relative Strength Index 63.73%
Barchart computes a technical support level at 6.97
Recently traded at 7.25 with a 50 day moving average of 6.73

BARCHART MORNING CALL 7/14

BARCHART MORNING CALL

Tuesday, July 14th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU15 -0.02%) are down -0.05% and European stocks are down -0.32% as global stocks consolidate Monday's sharp rally. Q2 earnings season is now in focus as the market awaits earnings reports from JPMorgan Chase, Wells Fargo and Johnson & Johnson. Losses in European stocks were contained after German investor confidence fell less than expected this month. Asian stocks closed mixed: Japan +1.47%, Hong Kong -0.41%, China -1.16%, Taiwan +0.09%, Australia +1.90%, Singapore +0.16%, South Korea -0.48%, India -0.10%.
Commodity prices are mostly lower. Aug crude oil (CLQ15 -1.03%) is down sharply by -2.09% after Iran reached a deal with world powers over its nuclear program, which bolstered speculation that an increase in Iranian crude exports will flood an already oversupplied global oil market. Aug gasoline (RBQ15 -1.07%) is down -1.64%. Metals prices are weaker. Aug gold (GCQ15 -0.22%) is down -0.25%. Sep copper (HGU15 -1.20%) is down -1.08%. Agricultural prices are mixed with Nov soybeans up +0.73% at an 8-month high on crop concerns after the National Weather Service said that parts of the Midwest saw more than triple the normal amount of rainfall in the past week.
The dollar index (DXY00 -0.20%) is down -0.16%. EUR/USD (^EURUSD) is up +0.21%. USD/JPY (^USDJPY) is down -0.05%.

Sep T-note prices (ZNU15 -0.09%) are down -2.5 ticks.
After 18 days of negotiations, Iran and six world powers signed an agreement to limit Iran's nuclear program in return for ending economic sanctions that were imposed on Iran in 2012. Diplomats said that restrictions on Iran will remain in place until UN monitors report on the country's compliance with the deal in December. The U.S. Congress has 60 days to review and agree to the deal, a deal that Israel said it would use "every means" possible to convince Congress to reject.
The German Jul ZEW survey expectations of economic growth fell -1.8 to 29.7, a smaller decline than expectations of -2.5 to 29.0, but still the lowest in 8 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) June retail sales (expected +0.2% and +0.5% ex autos after May's +1.2% and +1.0% ex autos), (2) June import price index (expected +0.1% m/m and -9.8% y/y after May's +1.3% m/m and -9.6% y/y), and (3) May business inventories (expected +0.3% after April's +0.4%).
There are 6 of the S&P 500 companies that report earnings today: JPMorgan Chase (consensus $1.45), Johnson & Johnson (1.67), Wells Fargo (1.03), Fastenal (0.47), CSX Corp (0.53), Yum Brands (0.63).
U.S. IPO's scheduled to price today include: none.
Equity conferences during the remainder of this week include: SEMICON West CEO Investor Summit on Tue-Wed, 2015 International Stewardship Symposium on Wed, Delivering Alpha Conference on Wed.

OVERNIGHT U.S. STOCK MOVERS

JPMorgan Chase (JPM +1.55%) reported Q2 EPS of $1.49, better than expectations of $1.45.
Fastenal (FAST +1.16%) reported Q2 EPS of 48 cents, higher than consensus of 47 cents.
Orbitz (OWW unch) was downgraded to 'Sell' from 'Neutral' at UBS.
Western Refining (WNR +1.57%) was upgraded to 'Neutral' from 'Sell' at Goldman Sachs.
Delek U.S. (DK -0.03%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Phillips 66 (PSX +2.37%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Coca-Cola (KO +0.67%) was upgraded to 'Buy' from 'Neutral' at UBS.
Cardinal Health (CAH +0.75%) was downgraded to 'Hold' from 'Buy' at Evercore ISI.
Amazon.com (AMZN +2.72%) was upgraded to 'Buy' from 'Neutral' at UBS.
Buffalo Wild Wings (BWLD +2.05%) was upgraded to 'Outperform' from 'Market Perform' at Raymond James.
GoPro (GPRO -0.76%) was upgraded to 'Overweight' from 'Equal Weight' at Barclays.
Micron Technology (MU +0.23%) jumped nearly 9% in pre-market trading after people familiar with the matter said that China's Tsinghua Unigroup Ltd, plans to offer $23 billion for the chipmaker.
Navient (NAVI -0.05%) slid over 10% in after-hours trading after it lowered guidance on fiscal 2015 core EPS to $1.85, well below consensus of $2.20.
Candlewood Investment Group reported a 17.9% passive stake in Pacific Ethanol (PEIX +1.39%) .

MARKET COMMENTS

September E-mini S&Ps (ESU15 -0.02%) this morning are down -1.00 point (-0.05%). Monday's closes: S&P 500 +1.11%, Dow Jones +1.22%, Nasdaq +1.68%. The S&P 500 on Monday rose to a 2-week high and closed higher on reduced Grexit concerns after (1) Greek PM Tsipras agreed to bailout reforms, and (2) Chinese stocks rallied by another +2.4%.
Sep 10-year T-notes (ZNU15 -0.09%) this morning are down -2.5 ticks. Monday's closes: TYU5 -4.50, FVU5 -3.75. Sep T-notes on Monday dropped to a 1-week low on reduced safe-haven demand with some progress on Greece and a +2.4% rally in Chinese stocks.
The dollar index (DXY00 -0.20%) this morning is down -0.152 (-0.16%). EUR/USD (^EURUSD) is up +0.0023 (+0.21%). USD/JPY (^USDJPY)is down -0.06 (-0.05%). Monday's closes: Dollar Index +0.833 (+0.87%), EUR/USD -0.0155 (-1.39%), USD/JPY +0.653 (+0.53%). The dollar index Monday settled higher on speculation that a deal to end the Greek debt crisis and a recovery in Chinese stocks may keep the Fed on course to raise interest rates this year.
Aug WTI crude oil (CLQ15 -1.03%) this morning is down -$1.09 a barrel (-2.09%) on news that Iran signed a nuclear agreement with western powers. Aug gasoline (RBQ15 -1.07%)is down -0.0319 (-1.64%). Monday's closes: CLQ5 -0.55 (-1.04%), RBQ5 -0.0750 (-3.72%). Aug crude oil and gasoline prices on Monday closed lower on strength in the dollar, record June Saudi Arabian crude production of 10.564 bpd, and reports that an Iranian nuclear deal is imminent, which would pave the way for the elimination of sanctions and up to 1 million bpd of new Iranian oil exports.

GLOBAL EVENT CALENDAR07/14/2015

US	0830 ET	Jun retail sales expected +0.2% and +0.5% ex autos, May +1.2% and +1.0% ex autos. Jun retail sales ex auto and gas expected +0.4%, May +0.7%.
	0830 ET	Jun import price index expected +0.1% m/m and -9.8% y/y, May +1.3% m/m and -9.6% y/y.
	1000 ET	May business inventories expected +0.3%, Apr +0.4%.
GER	0200 ET	Revised German Jun CPI (EU harmonized), previous -0.2% m/m and +0.1% y/y.
	0500 ET	German Jul ZEW survey expectations of economic growth expected -2.5 to 29.0, Jun 31.5. Jul ZEW survey current situation expected -2.9 to 60.0, Jun 62.9.
UK	0430 ET	UK Jun CPI expected +0.1% m/m and unch y/y, May +0.2% m/m and +0.1% y/y. Jun core CPI expected +0.9% y/y, May +0.9% y/y.
	0430 ET	UK Jun RPI expected +0.1% m/m and +1.0% y/y, May +0.2% m/m and +1.0% y/y. Jun RPI ex-mortgage interest payments expected +1.0% y/y, May +1.1% y/y.
	0430 ET	UK Jun PPI input prices expected -0.8% m/m and -11.8% y/y, May -0.9% m/m and -12.0% y/y. Jun PPI output prices expected +0.1% m/m and -1.5% y/y, May +0.1% m/m and -1.6% y/y. Jun PPI output core prices expected unch m/m and +0.1% y/y, May unch m/m and +0.1% y/y.
	0430 ET	UK May ONS house prices, Apr +5.5% y/y.
EUR	0500 ET	Eurozone May industrial production expected +0.2% m/m and +2.0% y/y, Apr +0.1% m/m and +0.8% y/y.
CHI	2200 ET	China Jun industrial production expected +6.0% y/y, May +6.1% y/y. Jun retail sales expected +10.2% y/y, May +10.1% y/y.
	2200 ET	China Q2 GDP expected +6.8% y/y, Q1 +7.0% y/y.

U.S. STOCK CALENDAR07/14/2015

Company	Ticker	Time	Event Description	Period	Estimate
Johnson & Johnson	JNJ US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	1.669
JPMorgan Chase & Co	JPM US	7:00	Q2 2015 Earnings Release	Q2 2015	1.447
Fastenal Co	FAST US	7:00	Q2 2015 Earnings Release	Q2 2015	0.465
Wells Fargo & Co	WFC US	8:00	Q2 2015 Earnings Release	Q2 2015	1.025
JPMorgan Chase & Co	JPM US	8:30	Q2 2015 Earnings Call	Q2 2015
Johnson & Johnson	JNJ US	8:30	Q2 2015 Earnings Call	Q2 2015
General Mills Inc	GIS US	9:00	Investor Meeting	Y 2015
Wells Fargo & Co	WFC US	10:00	Q2 2015 Earnings Call	Q2 2015
Fastenal Co	FAST US	10:00	Q2 2015 Earnings Call	Q2 2015
Lam Research Corp	LRCX US	12:00	Investor & Analyst Meeting	Y 2015
CSX Corp	CSX US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.527
Yum! Brands Inc	YUM US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.626