Friday, August 7, 2015

US Concrete - All Time High

US Concrete (USCR) is the Barchart Chart of the Day.  The concrete products company has a Trend Spotter buy signal, a Weighted Alpha of 120.60+ and gained 108.43% in the last year.

The Chart of the Day belongs to US Concrete (USCR).  I found the concrete products 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 7/13 the stock gained 32.38%.

U.S. Concrete Inc. operates as a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States. The Company operates in two segments: ready-mixed concrete and concrete-related products; and precast concrete. The Company's ready-mixed concrete and concrete-related products segment produces and sells ready-mixed concrete, aggregates (crushed stone, sand and gravel), concrete masonry and building materials. Its precast concrete products segment produces and sells precast concrete products. Markets served by the Company include west Texas, northern California, New Jersey, New York, Washington, D.C., Oklahoma and the mid-Atlantic region. U.S. Concrete Inc. is based in Houston, Texas, USA.


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
  • 120.60+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10  new highs and up 42.15% in the last month
  • Relative Strength Index 83.92%
  • Barchart computes a technical support level at 44.32
  • Recenlty traded at 83.92 with a 50 day moving average of 53.19
Fundamental factors:
  • Market Cap $757.96 million
  • P/E 20.92
  • Revenue expected to grow 30.90% this year and another 16.30% next year
  • Earnings estimated to increase 26.20% this year and compound at an annual rate of 15.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy and 2 buy recommendations
The 50- 100 Day MACD Oscillator has been an extremely good technical trading strategy for this stock.

BARCHART MORNING CALL 8/7

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU15 -0.17%) are down -0.10% and European stocks are down -0.38% ahead of monthly U.S. payroll data for July that may give clues to the pace and timing of a Fed interest rate increase. European stocks also fell after German Jun industrial production unexpectedly declined at the fastest pace in 10 months. Miners and basic-resource companies also fell after the price of copper (HGU15 -0.21%) slid to a fresh 6-year low. Asian stocks closed mixed: Japan +0.29%, Hong Kong +0.73%, China +2.26%, Taiwan -0.09%, Australia -2.41%, South Korea -0.10%, India -0.22%. Japanese stocks closed higher after the BOJ maintained its overly easy monetary policies following today's 2-day meeting, while China's Shanghai Composite closed up over 2% on speculation the Chinese government will take more measures to stabilize the equity market.
The dollar index (DXY00 -0.06%) is down -0.02%. EUR/USD (^EURUSD) is up +0.03%. USD/JPY (^USDJPY) is down -0.02%.

Sep T-note prices (ZNU15 +0.06%) are up +1.5 ticks.
According to people with knowledge of the matter, the China Securities Finance Corp., the government agency mandated to buy equities to support the market, is seeking to increase its funding by an additional 2 trillion yuan ($322 billion). The extra funding would add to the 3 trillion yuan already made available by the government.
German Jun industrial production unexpectedly fell -1.4% m/m, weaker than expectations of +0.3% m/m and the largest decline in 10 months. Onan annual basis, Jun industrial production rose +0.6% y/y, weaker than expectations of +2.2% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) July non-farm payrolls (expected +225,000, Jun +223,000) and Jul unemployment rate (expected unchanged at 5.3%, Jun -0.2 to 5.3%), and (2) Jun consumer credit (expected +$17.0 billion, May +$16.086 billion).
There are 4 of the S&P 500 companies that report earnings today: Hershey (consensus $0.74), Cablevision (0.25), Harris Corp (1.23), Berkshire Hathaway (3038).
U.S. IPO's scheduled to price today include: Pixelworks (PXLW).
Equity conferences during the remainder of this week include: none.
OVERNIGHT U.S. STOCK MOVERS
Intel (INTC -0.38%) was downgraded to 'Hold' from 'Buy' at Drexel Hamilton.
Coach (COH -0.54%) was upgraded to 'Buy' from 'Neutral' at UBS.
Hershey (HSY -0.50%) reported Q2 EPS of 78 cents, better than consensus of 74 cents.
Genesis Healthcare (GEN +1.52%) reported Q2 EPS of 14 cents, higher than consensus of 9 cents.
Billionaire investor Carl Icahn reported an 8.18% stake in Cheniere (LNG -0.26%) .
Bio-Rad (BIO -2.98%) reported Q2 EPS of 97 cents, well above consensus of 78 cents.
Nu Skin (NUS -3.62%) reported Q2 EPS of 75 cents, better than consensus of 72 cents.
Sprouts Farmers Markets (SFM -2.21%) fell over 4% in after-hours trading after it reported Q2 adjusted EPS of 22 cents, right on consensus, but then lowered guidance on fiscal 2015 adjusted EPS to 80 cents-82 cents, below consensus of 85 cents.
TESARO (TSRO -5.95%) reported a Q2 EPS loss of -$1.51, a wider loss than consensus of -$1.14.
NVIDIA (NVDA -0.63%) jumped over 8% in after-hours trading after it reported Q2 EPS of 34 cents, over three times consensus of 10 cents.
Monster Beverage (MNST -5.93%) reported Q2 adjusted EPS of 79 cents, weaker than consensus of 91 cents.
EOG Resources (EOG +2.09%) reported Q2 adjusted EPS of 28 cents, well above consensus of 10 cents.
Mohawk (MHK -2.53%) reported Q2 EPS of $2.69, better than consensus of $2.62.
Century Aluminum (CENX -1.08%) reported Q2 adjusted EPS of 25 cents, below consensus of 27 cents.
Nuance (NUAN -1.59%) reported Q3 EPS of 32 cents, higher than consensus of 29 cents, and then raised guidance on fiscal 2015 EPS to $1.20-$1.24, above consensus of $1.19.
MARKET COMMENTS
Sep E-mini S&Ps (ESU15 -0.17%) this morning are down -2.00 points (-0.10%). Closes: S&P 500 -0.78%, Dow Jones -0.69%, Nasdaq -1.60%. The S&P 500 Thursday fell to a 1-week low and closed lower on a slide in media stocks on disappointing Q2 earnings results from Viacom and Twenty-First Century Fox, weakness in energy producers after crude oil tumbled to a 4-1/2 month low, and long liquidation ahead of Friday's monthly U.S. payrolls report.
Sep 10-year T-note prices (ZNU15 +0.06%) this morning are up +1.5 ticks. Closes: TYU5 +8.5, FVU5 +4.50. Sep T-note prices on Thursday closed higher on a decline in the 10-year inflation expectations rate to a 4-1/2 month low due to the continued drop in oil prices and on increased safe-haven demand for T-notes after the S&P 500 fell to a 1-week low.
The dollar index (DXY00 -0.06%) this morning is down -0.017 (-0.02%). EUR/USD (^EURUSD) is up +0.0003 (+0.03%). USD/JPY (^USDJPY) is down -0.02 (-0.02%). Closes: Dollar Index -0.125 (-0.13%), EUR/USD +0.00189 (+0.17%), USD/JPY -0.121 (-0.10%). The dollar index on Thursday closed lower on strength in EUR/USD after German Jun factory orders rose more than expected, and on long liquidation in the dollar ahead of Friday's U.S. payroll report.
Sep crude oil (CLU15 -0.11%) this morning is up +3 cents (+0.07%) and Sep gasoline (RBU15 -0.81%) is down -0.0078 (-0.47%). Closes: CLU5 -0.40 (-0.89%), RBU5 -0.0215 (-1.29%). Sep crude oil and gasoline closed lower Thursday with Sep crude at a 4-1/2 month low and Sep gasoline at a 5-1/2 month low. Negative factors included carry-over bearishness from Wednesday's EIA report that showed an unexpected +811,000 bbl increase in weekly EIA gasoline inventories (vs expectations of -200,000 bbl) and a +709,000 bbl increase in EIA distillate inventories to a 3-1/2 year high. Crude oil prices also saw weakness after Goldman Sachs said the global crude oversupply is currently 2 million bpd and that world oil storage may be filled by autumn.
GLOBAL EVENT CALENDAR08/07/2015
US0830 ETJul non-farm payrolls expected +225,000, Jun +223,000. Jul private payrolls expected +212,000, Jun +223,000. Jul manufacturing payrolls expected +5,000, Jun +4,000. Jul unemployment rate expected unchanged at 5.3%, Jun -0.2 to 5.3%.
0830 ETJul average hourly earnings expected +0.2% m/m and +2.3% y/y, Jun unch m/m and +2.0% y/y. Jul average weekly hours all employees expected unch at 34.5 hours.
1500 ETJun consumer credit expected +$17.0 billion, May +$16.086 billion.
JPNn/aBOJ announces interest rate decision.
GER0200 ETGerman Jun industrial production expected +0.3% m/m and +2.2% y/y, May unch m/m and +2.1% y/y.
0200 ETGerman Jun trade balance expected +21.0 billion euros, May +19.5 billion euros. Jun exports expected -0.3% m/m, May +1.6% m/m. Jun imports expected +0.5% m/m, May +0.4% m/m.
0200 ETGerman Jun current account balance expected +16.0 billion euros, May +11.1 billion euros.
CHIn/aChina Jul trade balance expected +$55.00 billion, Jun +$46.54 billion. Jul exports expected -1.5% y/y, Jun +2.8% y/y. Jul imports expected -7.9% y/y, Jun -6.1% y/y.
U.S. STOCK CALENDAR08/07/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Hershey Co/TheHSY USBef-mktQ2 2015 Earnings ReleaseQ2 20150.743
Cablevision Systems CorpCVC USBef-mktQ2 2015 Earnings ReleaseQ2 20150.25
Harris CorpHRS US6:30Q4 2015 Earnings ReleaseQ4 20151.23
Harris CorpHRS US8:30Q4 2015 Earnings CallQ4 2015
Hershey Co/TheHSY US8:30Q2 2015 Earnings CallQ2 2015
EOG Resources IncEOG US10:00Q2 2015 Earnings CallQ2 2015
Cablevision Systems CorpCVC US10:00Q2 2015 Earnings CallQ2 2015
Mohawk Industries IncMHK US11:00Q2 2015 Earnings CallQ2 2015
Monster Beverage CorpMNST US16:20Annual General MeetingY 2015
Berkshire Hathaway IncBRK/A USQ2 2015 Earnings ReleaseQ2 20153038.09
Principal Financial Group IncPFG USRoadshow - Tokyo - Day 2Y 2015

Thursday, August 6, 2015

Abiomed - All time High

Abiomed (ABMD) is the Barchart Chart of the Day.  The medical products company has a Trend Spotter buy signal, a Weighted Alpha of 217.32+ and gained 272.07% in the last year.

The Chart of the Day belongs to Abiomed (ABMD).  I found the medical products 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 6/19 the stock gained 39.26%.

Abiomed, Inc. is a developer, manufacturer and marketer of medical products designed to safely and effectively assist or replace the pumping function of the failing heart. The company currently manufactures and sells the BVS-5000, a temporary heart assist device, which is approved by the U.S. Food and Drug Administration for the temporary treatment of all patients with failing but potentially recoverable hearts. The company is also engaged in research and development relating to other devices to support the pumping function of the heart.


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
  • 217.32+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 43.56% in the last month
  • Relative Strength Index 87.34%
  • Barchart computes a technical support level at 87.46
  • Recently traded at 94.32 with a 50 day moving average of 68.96
Fundamental factors:
  • Market Cap $3.88 billion
  • P/E 102.07
  • Revenue expected to grow 34.60% this year and another 21.40% next year
  • Earnings estimated to increase by 9.50% this year, an additional 49.30% next year and continue to increase at an annual rate of 17.67% for the next 5 years
  • Wall Street analysts issued 4 strong buys, 1 buy, 5 hold and 1 under perform recommendation on this stock
The 100 Day Moving Average vs price has been a reliable technical trading strategy to use on this but using the 200 DMA vs Price would have resulted in fewer trades.

The 5 Best Mid Caps

Today I wanted to find the 5 best Mid Cap stocks so I used Barchart to sort the S&P 400 Mid Cap Index stocks for the ones with the highest Weighted Alpha then selected those with  current  Barchart Technical Buy Signals of at least 80% or better.

Today's list includes Skechers (SKX), WisdomTree Investments (WETF), Molina Healthcare (MOH), Acuity Brands (AYI) and Alaska Air (ALK).

Skechers (SKX)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 215.50+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 32.65%
  • Relative Strength Index 76.12%
  • Barchart computes a technical support level at 153.00
  • Recently traded at 154.06 with a 50 day moving average of 119.15


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • 112.50+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 11.30% in the last month
  • Relative Strength Index 56.67%
  • Barchart computes a technical support level at 24.87
  • Recently traded at 24.41 with a 50 day moving average of 22.64





Barchart technical indicators:

  • 96% Barchart technical buy signals
  • 86.50+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 8.13% in the last month
  • Relative Strength Index 63.46%
  • Barchart computes a technical support level at 74.47
  • Recently traded at 205.01 with a 50 day moving average of 187.95


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 81.50+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 9.66% in the last month
  • Relative Strength Index 72.78%
  • Barchart computes a technical support level at 204.33
  • Recently traded at 205.01 with a 50 day moving average of 187.95
Alaska Air (ALK)


Barchart technical indicators:
  • 96% Barchart technical by signals
  • 78.30+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 17.47 in the last month
  • Relative Strength Index 67.52%
  • Barchart computes a technical support level at 76.99
  • Recently traded at 77.76 with a 50 day moving average of 68.66




BARCHART MORNING CALL 8/6



Wednesday, August 5, 2015

Amicus Therapeutics - All Time High

Amicus Therapeutics (FOLD) is the Barchart Chart of the Day,  The biopharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 274.60+ and gained 328.00% in the last year.

The Chart of the Day belongs to Amicus Therapeutics (FOLD).  I found the biopharmaceutical 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 5/26 the stock gained 55.34%.

Amicus Therapeutics is a biopharmaceutical company developing novel, oral therapeutics known as pharmacological chaperones for the treatment of a range of human genetic diseases. Pharmacological chaperone technology involves the use of small molecules that selectively bind to and stabilizeproteins in cells, leading to improved protein folding and trafficking, and increased activity. Amicus is initially targeting lysosomal storage disorders, which are severe, chronic genetic diseases with unmet medical needs. Amicus has completed Phase 2 clinical trials of Amigal(TM) for the treatment of Fabry disease and is conducting Phase 2 clinical trials of Plicera(TM) for the treatment of Gaucher disease.


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:

  • 96% Barchart technical buy signals
  • 274.60+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 32.29% in the last month
  • Relative Strength Index 74.20%
  • Barchart computes a technical support level at 17.58
  • Recently traded at 18.19 with a 50 day moving average of 14.48
Fundamental factors:
  • Market Cap $2.06 billion
  • Revenue expected to grow 3,808.90 next year
  • Earnings estimated to increase 24.80% next year
  • Wall Street analysts issued 2 strong buy and 3 buy recommendations on the stock
None of the normal technical trading strategies have been reliable for this stock so I'd advise you use a trailing stop loss 10% below the previous high.

The 5 Best Large Caps

Today I wanted to see which were the best Large Cap stocks.  I used Barchart to sort stocks in the S&P 500 Large Cap Index to find the stocks with the highest Weighted Alpha and still had current Barchart technical buy signals of 80% or better.  I also used the flipchart feature to review the charts.

Today's list includes Electronic Arts (EA), Netflix (NFLX), Monster Beverage (MSNT), Regeneron Pharmaceuticals (REGN), and Sealed Air (SEE).

Electronic Arts (EA)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • 119.01+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 10.72% in the last month
  • Relative Strength Index 67.03%
  • Barchart computes a technical support level at 70.24
  • Recently traded at 75.04 with a 50 day moving average of 67.94
Netflix (NFLX)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • 109.60+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 35.07% in the last month
  • Relative Strength Index 75.10%
  • Barchart computes a technical support level at 109.19
  • Recently traded ta 124.52 with a 50 day moving average of 99.40


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 90.60+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 15.41% in the last month
  • Relative Strength Index 71.22%
  • Barchart computes  a technical support level at 149.03
  • Recently traded at 154.13 with a 50 day moving average of 136.84


Barchart technical indicators:
  • 100% Barcgart technical buy signals
  • 80.30+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 16.42% in the last month
  • Relative Strength Index 75.65%
  • Barchart computes a technical support level at 560.64
  • Recently traded at 593.31 with a 50 day moving average of 528.29
Sealed Air (SEE)

Barchart technical indicators:
  • 100% Barchart technical buy signals
  • 66.80+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 7.21% in the last month
  • Relative Strength Index 70.46%
  • Barchart computes a technical support level at 53.37
  • Recently traded at 55.47 with a 50 day moving average of 51.28











BARCHART MORNING CALL 8/5

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OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU15 +0.66%) are up +0.44% led by strength in energy producers as crude oil (CLU15 +0.57%) gained. The markets will look to this morning's Jul ADP employment change to gauge the strength of the U.S. labor market that may provide clues as to when the Fed will begin to raise interest rates. European stocks are up +1.06% at a 2-week high, led by a rally in bank stocks, as Societe Generale SA jumped over 8% after posting its highest profit since the financial crisis. Asian stocks closed mixed: Japan +0.46%, Hong Kong +0.44%, China -1.65%, Taiwan +0.37%, Australia -0.42%, Singapore +0.01%, South Korea -0.18%, India +0.54%. Japanese stocks rose on better-than-expected company quarterly earnings results as the Nikkei Stock Index posted a 2-week high, while China's Shanghai Composite closed lower as a total of 515 mainland Chinese companies remain halted from trading due to trading curbs.
The dollar index (DXY00 +0.14%) is up +0.16% at a 3-1/4 month high on speculation the Fed may raise interest rates as soon as September after Atlanta Fed President Lockhart on Tuesday said the Fed was "close" to raising interest rates. EUR/USD (^EURUSD) is down -0.11% at a 2-week low after Eurozone Jun retail sales fell by the most in 9 months. USD/JPY (^USDJPY) is unchanged.

Sep T-note prices (ZNU15 -0.29%) are down -11 ticks on negative carry-over from comments made Tuesday by Atlanta Fed President Lockhart who said he would only endorse putting off an interest rate increase if there was a "significant deterioration" in economic data.
Eurozone Jun retail sales fell -0.6% m/m, more than expectations of -0.2% m/m and the largest decline in 9 months. On an annual basis. Jun retail sales rose +1.2% y/y, less than expectations of +2.0% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +0.8% with purchase sub-index -0.1% and refi sub-index +1.6%), (2) July ADP employment (expected +215,000, Jun +237,000), (3) June trade deficit (expected -$43.0 billion, May -$41.87 billion), (4) final-Jul Markit U.S. services PMI (expected unrevised at 55.2, prelim-Jul +0.4 to 55.2), (5) July ISM non-manufacturing PMI (expected +0.2 to 56.2, Jun +0.3 to 56.0).
There are 24 of the S&P 500 companies that report earnings today with notable reports including: Time Warner (consensus $1.03), Motorola Solutions (0.54), Priceline (11.79), Ralph Lauren (1.00), Marathon Oil (-0.23), CBS (0.72), Prudential Financial (2.47).
U.S. IPO's scheduled to price today include: Philadelphia Energy Solutions (PESC), Planet Fitness (PLNT), Aimmune Therapeutics (AIMT), GC Aesthetics (GCAA), Benitec Biopharma (BTEBY), PG&E (PCG), Corium International (CORI), Medical Properties Trust (MPW), Summit Materials (SUM).
Equity conferences this week: Piper Jaffray Technology-Enabled Industrials Symposium on Tue-Wed, Needham Interconnect Conference on Wed.
OVERNIGHT U.S. STOCK MOVERS
IntercontinentalExchange (ICE +0.33%) reported Q2 adjusted EPS of $2.90, better than consensus of $2.77.
Time Warner (TWX -0.15%) reported Q2 EPS of $1.25, higher than consensus of $1.03.
The Priceline Group (PCLN +3.51%) reported Q2 EPS of $12.45, well above consensus of $11.79.
Discovery Communications (DISCA +0.46%) reported Q2 EPS of 47 cents, below consensus of 50 cents.
Cognizant Technology Solutions (CTSH +0.65%) reported Q2 EPS of 79 cents, higher than consensus of 73 cents.
Advance Auto Parts (AAP +0.74%) was downgraded to 'Hold' from 'Buy' at Evercore ISI.
Hyatt (H -2.63%) was downgraded to 'Hold' from 'Buy' at Deutsche Bank.
Babcock & Wilcox (BW +0.15%) reported Q2 adjusted EPS of 27 cents, above consensus of 21 cents.
Acadia (ACHC -2.90%) reported Q2 EPS of 57 cents, higher than consensus of 52 cents.
Disney (DIS +0.47%) reported Q3 EPS of $1.45, better than consensus of $1.42.
DaVita (DVA +0.61%) reported Q2 EPS of 95 cents, right on consensus, although Q2 revenue of $3.43 billion was above consensus of $3.37 billion.
Activision Blizzard (ATVI +0.59%) rose over 6% in after-hours trading after it reported Q2 EPS of 13 cents, better than consensus of 8 cents.
Cerner (CERN -0.82%) reported Q2 EPS of 52 cents, right on consensus.
Ternium (TX -0.20%) reported Q2 EPS of 21 cents, well below consensus of 34 cents.
AmSurg (AMSG +2.28%) reported Q2 adjusted EPS of 97 cents, higher than consensus of 84 cents, and then raised guidance on 2015 adjusted EPS outlook to $3.52-$3.59 from $3.31-$3.39, above consensus of $3.35.
MARKET COMMENTS
Sep E-mini S&Ps (ESU15 +0.66%) this morning are up +9.25 points (+0.44%). Tuesday's closes: S&P 500 -0.22%, Dow Jones -0.27%, Nasdaq -0.28%. The S&P 500 on Tuesday closed lower on disappointing earnings results from Allstate and CVS Health, weakness in technology stocks after Apple closed lower for a fifth day, and Atlanta Fed President Lockhart's comment that the Fed was "close" to raising interest rates. Stocks found some support on the 3% rally in China's Shanghai Composite Stock Index and the as-expected +1.8% increase in U.S. Jul factory orders.
Sep 10-year T-note prices (ZNU15 -0.29%) this morning are down -11 ticks. Tuesday's closes: TYU5 -18.0, FVU5 -13.50. Sep T-notes on Tuesday closed lower on the +0.5% increase in U.S. Jul factory orders ex-transportation, the largest increase in a year, hawkish comments from Atlanta Fed President Lockhart who said September may be the appropriate time for the Fed to begin raising interest rates, and the +3% rally in China's Shanghai Composite Stock Index, which reduced safe-haven demand for T-notes.
The dollar index (DXY00 +0.14%) this morning is up +0.154 (+0.16%) at a 3-1/4 month high. EUR/USD (^EURUSD) is down -0.0012 (-0.11%) at a 2-week low. USD/JPY (^USDJPY) is unchanged. Tuesday's closes: Dollar Index +0.437 (+0.45%), EUR/USD -0.00686 (-0.63%), USD/JPY +0.345 (+0.28%). The dollar index on Tuesday rallied to a 2-week high and closed higher on the +0.5% increase in U.S. Jul factory orders ex-transportation and hawkish comments from Atlanta Fed President Lockhart who said the Fed is "close" to raising interest rates, which suggests he favors a September rate hike.
Sep crude oil (CLU15 +0.57%) this morning is up +29 cents (+0.63%) and Sep gasoline (RBU15 +1.13%) is up +0.0193 (+1.15%). Tuesday's closes: CLU5 +0.66 (+1.46%), RBU5 +0.0198 (+1.18%). Sep crude and gasoline on Tuesday closed higher on the 3% rally in China's Shanghai Composite Index and on expectations that Wednesday's weekly EIA crude inventories will fall -1.75 million bbl.
GLOBAL EVENT CALENDAR08/05/2015
US0700 ETWeekly MBA mortgage applications, previous +0.8% with purchase sub-index -0.1% and refi sub-index +1.6%.
0815 ETJul ADP employment change expected +215,000, Jun +237,000.
0830 ETJun trade balance expected -$43.0 billion, May -$41.87 billion.
0830 ETTreasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned in the Aug quarterly refunding Aug 11-13.
0945 ETFinal-Jul Markit U.S. services PMI expected unrevised at 55.2, prelim-Jul +0.4 to 55.2. Final-Jul Markit composite PMI, prelim-Jul +0.6 to 55.2.
1000 ETJul ISM non-manufacturing PMI expected +0.2 to 56.2, Jun +0.3 to 56.0.
1030 ETEIA Weekly Petroleum Status Report.
GER0355 ETRevised German Jul Markit services PMI, previous -0.1 to 53.7.
EUR0400 ETRevised Eurozone Jul Markit composite PMI, previous -0.5 to 53.7.
0500 ETEurozone Jun retail sales expected -0.2% m/m and +2.0% y/y, May +0.2% m/m and +2.4% y/y.
UK0430 ETUK Jul Markit/CIPS services PMI expected -0.5 to 58.0, Jun 58.5.
U.S. STOCK CALENDAR08/05/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Dominion Resources Inc/VAD USBef-mktQ2 2015 Earnings ReleaseQ2 20150.725
Time Warner IncTWX USBef-mktQ2 2015 Earnings ReleaseQ2 20151.028
Chesapeake Energy CorpCHK USBef-mktQ2 2015 Earnings ReleaseQ2 2015-0.112
Quanta Services IncPWR USBef-mktQ2 2015 Earnings ReleaseQ2 20150.448
Cognizant Technology Solutions CorpCTSH USBef-mktQ2 2015 Earnings ReleaseQ2 20150.728
Intercontinental Exchange IncICE USBef-mktQ2 2015 Earnings ReleaseQ2 20152.778
Spectra Energy CorpSE USBef-mktQ2 2015 Earnings ReleaseQ2 20150.186
HCA Holdings IncHCA USBef-mktQ2 2015 Earnings ReleaseQ2 20151.369
Motorola Solutions IncMSI US7:00Q2 2015 Earnings ReleaseQ2 20150.54
Fastenal CoFAST US7:00July 2015 Sales and Revenue Release2015
Priceline Group Inc/ThePCLN US7:00Q2 2015 Earnings ReleaseQ2 201511.794
Discovery Communications IncDISCA US7:00Q2 2015 Earnings ReleaseQ2 20150.5
Priceline Group Inc/ThePCLN US7:30Q2 2015 Earnings CallQ2 2015
Perrigo Co PLCPRGO US8:00Q4 2015 Earnings ReleaseQ4 20152.048
Ralph Lauren CorpRL US8:00Q1 2016 Earnings ReleaseQ1 20160.996
Cognizant Technology Solutions CorpCTSH US8:00Q2 2015 Earnings CallQ2 2015
Genworth Financial IncGNW US8:00Q2 2015 Earnings CallQ2 2015
Motorola Solutions IncMSI US8:30Q2 2015 Earnings CallQ2 2015
Intercontinental Exchange IncICE US8:30Q2 2015 Earnings CallQ2 2015
Discovery Communications IncDISCA US8:30Q2 2015 Earnings CallQ2 2015
Chesapeake Energy CorpCHK US9:00Q2 2015 Earnings CallQ2 2015
Newfield Exploration CoNFX US9:00Q2 2015 Earnings CallQ2 2015
Ralph Lauren CorpRL US9:00Q1 2016 Earnings CallQ1 2016
Spectra Energy CorpSE US9:00Q2 2015 Earnings CallQ2 2015
Quanta Services IncPWR US9:30Q2 2015 Earnings CallQ2 2015
CA IncCA US10:00Annual General MeetingY 2015
Dominion Resources Inc/VAD US10:00Q2 2015 Earnings CallQ2 2015
Perrigo Co PLCPRGO US10:00Q4 2015 Earnings CallQ4 2015
Pioneer Natural Resources CoPXD US10:00Q2 2015 Earnings CallQ2 2015
HCA Holdings IncHCA US10:00Q2 2015 Earnings CallQ2 2015
Time Warner IncTWX US10:30Q2 2015 Earnings CallQ2 2015
ONEOK IncOKE US11:00Q2 2015 Earnings CallQ2 2015
Devon Energy CorpDVN US11:00Q2 2015 Earnings CallQ2 2015
Cimarex Energy CoXEC US11:00Q2 2015 Earnings CallQ2 2015
CBS CorpCBS US16:30Q2 2015 Earnings CallQ2 2015
CenturyLink IncCTL US17:00Q2 2015 Earnings CallQ2 2015
Keurig Green Mountain IncGMCR US17:00Q3 2015 Earnings CallQ3 2015
CenturyLink IncCTL USAft-mktQ2 2015 Earnings ReleaseQ2 20150.6
FMC CorpFMC USAft-mktQ2 2015 Earnings ReleaseQ2 20150.698
Twenty-First Century Fox IncFOXA USAft-mktQ4 2015 Earnings ReleaseQ4 20150.371
Tesoro CorpTSO USAft-mktQ2 2015 Earnings ReleaseQ2 20154.019
Marathon Oil CorpMRO USAft-mktQ2 2015 Earnings ReleaseQ2 2015-0.225
Costco Wholesale CorpCOST USAft-mktJuly 2015 Sales and Revenue Release2015
CBS CorpCBS USAft-mktQ2 2015 Earnings ReleaseQ2 20150.724
Transocean LtdRIG USAft-mktQ2 2015 Earnings ReleaseQ2 20150.517
Keurig Green Mountain IncGMCR USAft-mktQ3 2015 Earnings ReleaseQ3 20150.787
Prudential Financial IncPRU USAft-mktQ2 2015 Earnings ReleaseQ2 20152.469
Dun & Bradstreet Corp/TheDNB USAft-mktQ2 2015 Earnings ReleaseQ2 20151.308
CF Industries Holdings IncCF USAft-mktQ2 2015 Earnings ReleaseQ2 20151.491
Twenty-First Century Fox IncFOXA US17:30Q4 2015 Earnings CallQ4 2015