Exelixis Inc - Chart of the Day

Exelixis (EXEL) is the Barchart Chart of the Day.  The biopharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 219.00+ and gained 282.47% in the last year.


The Chart of the Day belongs to Exelixis (EXEL).  I found the biopharmaceutical stock by using Barchart to sort the Russell 3000 Index stocks first for the highest Weighted Alpha then again for technical buy signals of 80% or better.  Since the Trend Spotter signaled a buy on 8/27 the stock gained 8.05%.

Exelixis, Inc. is a biopharmaceutical company committed to developing small molecule therapies for the treatment of cancer. Exelixis is focusing its development and commercialization efforts primarily on COMETRIQ' (cabozantinib), its wholly-owned inhibitor of multiple receptor tyrosine kinases. Another Exelixis-discovered compound, cobimetinib, a selective inhibitor of MEK, is being evaluated by Roche and Genentech (a member of the Roche Group) in a broad development program under a collaboration with Exelixis.

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
• 219.00+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 15.01% in the last month
• Relative Strength Index 65.52%
• Bar hart computes a technical support level at 5.97
• Recently traded at 6.51 with a 50 day moving average of 5.59

Fundamental factors:

• Market Cap $1.45 billion
• Revenue projected to grow 41.30% this year and another 130.90% next year
• Earnings are estimated to increase 41.30% this year and an additional 11.10% next year
• Wall Street analysts issued 2 strong buy and 3 hold recommendations on the stock
• The individual investors on Motley Fool voted 2,482 to 97 that the stock will beat the market

The 20-50 Day MACD Oscillator has been a reliable technical trading strategy for this stock/

Leading Economic Indicators increase

The Conference Board announced the Leading Economic Indicators increased


LINK:https://www.conference-board.org/pdf_free/press/US%20LEI%20-%20Press%20Release%20SEPTEMBER%2018%202015.pdf

Neurocrine Biosciences - Chart of the Day

Neurocrine Biosciences (NBIX) is the Barchart Chart of the Day.  The biological products company has a Trend Spotter buy signal, a Weighted Alpha of 207.60+ and gained 243.53% in the last year.

The Chart of the Day belongs to Neurocrine Biosciences (NBIX).  I found the biological products stock by using Barchart to sort the Russell 3000 Index stocks first for the highest Weighted Alpha, then for technical buy signals of 80% or better.  Next I used the Flipchart featufre to review the charts.  Since the Trend spotter signaled a buy on 9/2 the stock gained 10.68%.

Neurocrine Biosciences is a neuroscience-based company focused on the discovery and development of novel therapeutics for neuropsychiatric, neuroinflammatory and neurodegenerative diseases and disorders. The company's neuroscience, endocrine and immunology disciplines provide a unique biological understanding of the molecular interaction between central nervous, immune and endocrine systems for the development of therapeutic interventions for anxiety, depression, insomnia, stroke, malignant brain tumors, multiple sclerosis, obesity and diabetes.

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:

• 80% Barchart technical buy signals
• 207.60+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 14.53% in the last month
• Relative Strength Index 67.63%
• Barchart computes a technical support level at 52.07
• Recently traded at 54.93 with a 50 day moving average of 49.12

Fundamental factors:

• Market Cap $4.58 billion
• Revenue and Earnings projections are very mixed for this stock
• Wall Street analysts issued 3 strong buy and 7 buy recommendations for this stock
• The individual investor on Motley Fool voted 322 to 47 for the stock to beat the market

The best technical trading strategy for this stock has been the price vs. 50 day moving average.

Today's 5 Best Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index stocks to find the stocks with technical buy signals of 80% or better and a Weighted Alpha of 50.00+.  The top stocks today were The Medicines Company (MDCO), Dycom Industries (DY), Central Garden & Pet (CENTA), Virtusa (VRTU), and LHC Group (LHCG).

The Medicines Company (MDCO)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 95.35+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 38.77% in the last month 
• Relative Strength Index 74.46%
• Barchart computes a technical support level at 41.52
• Recently traded at 43.31 with a 50 day moving average of 34.51

Dycom Industries (DY)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 153.62+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 15.49% in the last month
• Relative Strength Index 70.06%
• Barchart computes a technical support level at 76.55
• Recently traded at 79.32 with a 50 day moving average of 68.48

Central Garden & Pet (CENTA)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 112.63+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 31.17% in the last month
• Relative Strength Index 83.18%
• Barchart computes a technical support level at 14.94
• Recently traded at 16.20 with a 50 day moving average of 12.14

Virtusa (VRTU)

Barchart technical indicators:

• 88% Barchart technical buy signals
• 51.12+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 7.31% in the last month
• Relative Strength Index 60.25%
• Barchart computes a technical support level at 52.53
• Recently trade at 53.38 with a 50 day moving average of 50.54

LHC Group (LHCG)

Barchart technical indicators:

• 88% Barchart technical buy signals
• 98.51+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 3.52% in the last month
• Relative Strength Index 66.01%
• Barchart computes a technical support level at 46.73
• Recently traded at 49.16 with a 50 day moving average of 44.00

BARCHART MORNING CALL 9/17

BARCHART MORNING CALL 

Thursday, September 17th, 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

December E-mini S&Ps (ESZ15 -0.18%) are down -0.15% and European stocks are up +0.35% ahead of today's widely anticipated Fed interest rate decision. The markets are pricing in a 32% chance of a Fed rate hike today according to fed fund futures, up slightly from 30% at the beginning of the week. Weakness in technology stocks is dragging the overall market lower with Oracle down -1.2% in pre-market trading after reporting Q1 revenue of $8.45 billion, below consensus of $8.53 billion. Peabody Energy, the largest U.S. coal miner, plunged 15% in pre-market trading after it authorized a reverse stock split. Emerging markets closed higher and Asian stocks closed mixed: Japan +1.43%, Hong Kong -0.51%, China -2.10%, Taiwan +1.35%, Australia +0.94%, Singapore +0.94%, South Korea +0.21%, India closed for holiday. Japan's Nikkei Stock Index climbed to a 1-week high on speculation the BOJ may need to expand stimulus to revive economic growth after Japanese trade data showed Aug imports fell more than expected.

The dollar index (DXY00 -0.24%) is down -0.21%. EUR/USD (^EURUSD) is up +0.26%. USD/JPY (^USDJPY) is up +0.33%.

Dec T-note prices (ZNZ15 +0.12%) are up +5 ticks.

The ECB lowered Greece's Emergency Liquidity Assistance (ELA) to 88.9 billion euros from 89.1 billion euros and said the reduction of ceiling requested by the Bank of Greece "reflects an improvement of the liquidity situation of Greek banks, amid a reduction of uncertainty and the stabilization of private sector deposit flows."

The Japan Aug trade balance was in deficit by -569.7 billion yen, wider than expectations of -540.0 billion yen and the largest deficit in 7 months. Aug exports rose +3.1% y/y, weaker than expectations of +4.3% y/y. Aug imports fell -3.1% y/y, more than expectations of -2.5% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected unch at 275,000, previous -6,000 to 275,000) and continuing claims (expected -2,000 to 2.258 million, previous +1,000 to 2.260 million), (2) Q2 current account deficit (expected -$113.5 billion, Q1 -$113.3 billion), (3) Aug housing starts (expected -3.8% to 1.160 million, Jul +0.2% to 1.206 million), (4) Sep Philadelphia Fed business outlook survey (expected -2.4 to 5.9, Aug +2.6 to 8.3), (5) the FOMC's policy announcement after its 2-day meeting and a press conference by Fed Chair Yellen.

There are 2 of the Russell 1000 companies reports earnings today: Adobe Systems (consensus $0.50), Rite Aid (0.04).

U.S. IPO's scheduled to price today include: Penumbra (PEN), Nabriva Therapeutics (NBRV).

Equity conferences during the remainder of this week include: Bank of America Merrill Lynch Power & Gas Leaders Conference on Wed-Thu, Citi 2015 Industrials Conference on Wed-Thu, Deutsche Bank Technology Conference on Wed-Thu, Morgan Stanley Industrials Conference on Wed-Thu, Barclays Capital Global Financial Services Conference on Wed-Fri, Credit Suisse Basic Materials Conference on Wed-Fri, Goldman Sachs Communacopia Conference on Wed-Fri, Morgan Stanley Global Healthcare Conference on Wed-Fri, Bank of America Merrill Lynch Global Health Care Conference on Thu, Imperial Capital Global Opportunities Conference on Thu, and AACR CRI-CIMT-EATI Immunotherapy Conference on Thu-Fri.

OVERNIGHT U.S. STOCK MOVERS

Oracle (ORCL +0.74%) slid over 1% in pre-market trading after it reported Q1 EPS of 53 cents, better than consensus of 52 cents, although Q1 revenue of $8.45 billion was below consensus of $8.53 billion.

Raytheon (RTN +0.04%) was upgraded to 'Top Pick' from 'Outperform' at RBC Capital.

Hasbro (HAS +1.48%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.

NVIDIA (NVDA +0.70%) was upgraded to 'Buy' from 'Hold' at Jefferies with a $30 price target.

Stanley Black & Decker (SWK +0.44%) was initiated with a 'Buy' at UBS with a price target of $120.

Hanesbrands (HBI +1.17%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.

Cablevision (CVC unch) jumped over 16% in pre-market trading after after Altice announced that it will acquire Cablevision for $34.90 per share in cash.

Clarcor (CLC +0.58%) reported Q3 non-GAAP EPS of 66 cents, weaker than consensus of 84 cents, and then lowered guidance on fiscal 2015 EPS view to $2.70-$2.80 from $3.00-$3.15, below consensus of $3.05.

Northrop Grumman Corporation (NOC +0.37%) announced that its board has authorized an additional $4 billion for the repurchase of the company's common stock.

Aetna (AET +0.01%) backs its fiscal 2015 EPS view of at least $7.40, below consensus of $7.51.

Envision Healthcare (EVHC -0.09%) was initiated with a 'Buy' at Canaccord with a price target of $51.

Allscripts (MDRX +0.59%) was initiated with a 'Buy' at Canaccord with a price target of $18.

Herman Miller (MLHR +1.24%) climbed 4% in after-hours trading after it reported Q1 EPS of 56 cents, well above consensus of 46 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 -0.18%) this morning are down -3.00 points (-0.15%). Wednesday's closes: S&P 500 +0.87%, Dow Jones +0.84%, Nasdaq +0.54%. The S&P 500 Wednesday rose to a 3-week high and closed higher on (1) the +1.8% y/y increase in U.S. Aug CPI, less than expectations of +1.9% y/y, which reduces the pressure on the Fed to raise interest rates, and (2) the unexpected +1 point increase in the Sep NAHB housing market index to a 9-3/4 year high of 62. Energy producers rallied after crude oil climbed to a 1-1/2 week high.

Dec 10-year T-notes (ZNZ15 +0.12%) this morning are up +5 ticks. Wednesday's closes: TYZ5 -6.00, FVZ5 -1.50. Dec T-notes Wednesday fell to a 4-week low and closed lower on the unexpected increase in the Sep NAHB housing market index to a 9-3/4 year high, which bolsters the case for a Fed interest rate increase, and on reduced safe-haven demand as the S&P 500 rallied to a 3-week high.

The dollar index (DXY00 -0.24%) this morning is down -0.204 (-0.21%). EUR/USD (^EURUSD) is up +0.0029 (+0.26%). USD/JPY (^USDJPY) is up +0.40 (+0.33%). Wednesday's closes: Dollar Index -0.191 (-0.20%), EUR/USD +0.0021 (+0.19%), USD/JPY +0.15 (+0.12%). The dollar index on Wednesday closed lower on reduced pressure for the Fed to raise interest rates after the U.S. Aug CPI rose +1.8% y/y, less than expectations of +1.9% y/y. EUR/USD was undercut by ECB Vice President Constancio's comment that the ECB has the scope to expand QE if needed.

Oct crude oil (CLV15 -0.98%) this morning is down -68 cents (-1.44%) and Oct gasoline (RBV15 -0.48%) is down -0.0118 (-0.85%). Wednesday's closes: CLV5 +2.54 (+5.70%), RBV5 +0.0491 (+3.68%). Oct crude oil and gasoline on Wednesday closed sharply higher with Oct crude at a 1-1/2 week high on (1) the unexpected -2.1 million bbl decline in weekly EIA crude inventories, (2) the -1.9 million bbl draw in crude supplies at Cushing to a 5-3/4 month low, and (3) the -0.2% decline in U.S crude production in the week ended Sep 11 to a 9-month low of 9.117 million bpd.

GLOBAL EVENT CALENDAR09/17/2015

US	0830 ET	Weekly initial unemployment claims expected unch at 275,000, previous -6,000 to 275,000. Weekly continuing claims expected -2,000 to 2.258 million, previous +1,000 to 2.260 million.
	0830 ET	Q2 current account balance expected -$113.5 billion, Q1 -$113.3 billion.
	0830 ET	Aug housing starts expected -3.8% to 1.160 million, Jul +0.2% to 1.206 million. Aug building permits expected +2.5% to 1.158 million, Jul-15.5% to 1.130 million.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Sep Philadelphia Fed business outlook survey expected -2.4 to 5.9, Aug +2.6 to 8.3.
	1100 ET	Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating rate notes (previous $13 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Sep 22-24.
	1400 ET	FOMC announces interest rate decision.
UK	0430 ET	UK Aug retail sales ex auto fuel expected +0.1% m/m and +3.8% y/y, Jul +0.4% m/m and +4.3% y/y.
	0430 ET	UK Aug retail sales including auto fuel expected +0.2% m/m and +3.8% y/y, Jul +0.1% m/m and +4.2% y/y.
EUR	0500 ET	Eurozone Jul construction output, Jun -1.9% m/m and -2.3% y/y.
CHI	2130 ET	China Aug property prices.

U.S. STOCK CALENDAR09/17/2015

Company	Ticker	Time	Event Description	Period	Estimate
Rite Aid Corp	RAD US	7:00	Q2 2016 Earnings Release	Q2 2016	0.036
Air Products & Chemicals Inc	APD US	8:00	Business Update Call
Rite Aid Corp	RAD US	8:30	Q2 2016 Earnings Call	Q2 2016
Intuit Inc	INTU US	11:00	Investor Day	Y 2015
Synopsys Inc	SNPS US	11:45	Business Update Call
NIKE Inc	NKE US	13:00	Annual General Meeting
Adobe Systems Inc	ADBE US	17:00	Q3 2015 Earnings Call	Q3 2015
Adobe Systems Inc	ADBE US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.497
Progressive Corp/The	PGR US		August 2015 Sales and Revenue Release	2015
Darden Restaurants Inc	DRI US		Annual General Meeting

Under Armour - Chart of the Day

Under Armour (UA) is the Barchart Chart of the Day.  The sports clothing company has a Trend Spotter buy signal, a Weighted Alpha of 58.90+ and gained 52.56% in the last year.

The Chart of the Day belongs to Under Armour (UA).  I found the sports clothing stock by using Barchart to sort the Russell 3000 Index stocks first for stocks with technical buy signals of 80% or better then for a Weighted Alpha of at least 50.00+.  Next I used the Flipchart feature to review the charts.  The Trend Spotter signaled another buy on 9/15.

Under Armour is a leading developer, marketer and distributor of branded performance products for men, women and youth. The brand's moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products. The Company is an official supplier to the National Hockey League, the U.S. Ski Team, USA Rugby, the National Lacrosse League, and Major League Lacrosse; and the Company's products are worn by professional football, baseball, and soccer players, as well as athletes in major collegiate and Olympic sports. The Company's products are currently sold in the United States, Canada, Japan and the United Kingdom.

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
• 58.90+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 3.10% in the last month
• Relative Strength Index 65.41%
• Barchart computes a technical support level at 95.19
• Recently traded at 13.36 with a 50 day moving average of 94.71

Fundamental factors:

• Market Cap $22.28 billion
• P/E 103.39
• Revenue expected to grow 25.70% this year and another 23.10% next year
• Earnings estimated to increase 13.70% this year, an additional 32.40% next year and compound at an annual rate of 23.43% for the next 5 years
• Wall Street analysts issued 10 strong buy, 9 buy and 12 hold recommendations on the stock

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

Today's 5 Best Mid Capsmohjblu

I wanted to find the 5 best Mid Cap stocks so I used Barchart to sort the S&P 400 Mid Cap Index stocks to find the ones with the highest technical buy signals of 80% or better then sorted again to find which of those had a Weighted Alpha greater than 50.00+.  The top stocks that made the cut were: Wellcare Group (WCG), Post Holdings (POST), Molina Healthcare (MOH), Jetblue Airways (JBLU), Caseys General Stores (CASY).

Wellcare Group (WCG)

Barchart technical indicators:

• 96% Barchart technical by signals
• 50.50+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 13.18% in the last year
• Relative Strength Index 62.75%
• Barchart computes a technical support level at 94.20
• Recently traded at 97.34 with a 50 day moving average of 87.04

Post Holdings (POST)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 106.60+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 3.44% in the last month
• Relative Strength Index 66.30%
• Barchart computes a technical support level at 64.46
• Recently traded at 68.55 with a 50 day moving average of 59.54

Molina Healthcare (MOH)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 80.90+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 2 new highs and up 4.02% in the last month
• Relative Strength Index 65.14%
• Barchart computes a technical support level at 78.34
• Recently traded at 81.34 with a 50 day moving average of 74.51

Jetblue Airways (JBLU)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 133.90+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 11.13% in the last month
• Relative Strength Index 75.49%
• Barchart computes a technical support level at 25.96
• Recently traded at 26.67 with a 50 day moving average of 23.25

Caseys General Stores (CASY)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 56.90+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 4.51% in the last month
• Relative Strength Index 69.46%
• Barchart computes a technical support level at 108.05
• Recently traded at 111.57 with a 50 day moving average of 103.56

BARCHART MORNING CALL 9/16

BARCHART MORNING CALL

Wednesday, September 16th, 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

December E-mini S&Ps (ESZ15 -0.08%) are down -0.10% as the FOMC heads into its two-day policy meeting that begins today and decides whether to raise interest rates for the first time in 9-years. European stocks are up +1.24% on a possible increase in M&A Activity as SABMiller soared 21% after it said that AB InBev intends to make a takeover proposal. Emerging market stocks rose as Chinese stocks surged in the last hour of trade to close up nearly 5% and snap a two-day slump. Asian stocks closed higher: Japan +0.81%, Hong Kong +2.38%, China +4.89%, Taiwan +0.89%, Australia +1.50%, Singapore +0.94%, South Korea +2.22%, India +1.00%.

The dollar index (DXY00 +0.19%)is up +0.19%. EUR/USD (^EURUSD) is down -0.47% on dovish comments from ECB Vice President Constancio and ECB Governing Council member Nowotny who both said the ECB could expand QE. USD/JPY (^USDJPY) is +0.12% as the yen weakened after S&P downgraded Japan's credit rating.

Dec T-note prices (ZNZ15 -0.04%)are down -1.5 ticks.

ECB Vice President Constancio said that the ECB has the scope to expand QE if needed as "we are very far from what the major central banks done."

ECB Governing Council member Nowotny said that weak Eurozone inflation is a "big problem for the ECB" and that an extension or an increase in volume of the ECB's asset purchases "is thinkable."

Standard & Poor's cut Japan's long-term credit rating one level to A+, saying the government's economic revival strategy-dubbed "Abenomics"- "will not be able to reverse this deterioration in the next two to three years."

In an attempt to quell capital outflows, the National Development and Reform Commission, China's top planning agency, said it will remove quotas for companies to raise funds in overseas bond and loan markets. China's foreign-exchange reserves plunged a record -$93.9 billion last month after the PBOC intervened to support the yuan following the Aug 11 devaluation.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -6.2% with purchase sub-index -0.9% and refi sub-index -9.9%), (2) Aug CPI (expected -0.1% m/m and +0.2% y/y, Jul +0.1% m/m and +0.2% y/y) and Aug CPI ex food & energy (expected +0.1% m/m and +1.9% y/y, Jul +0.1% m/m and +1.8% y/y), (3) Sep NAHB housing market index (expected unch at 61, Aug +1 to 61), (4) the first day of the FOMC's 2-day policy meeting.

Two of the Russell 1000 companies reports earnings today: FedEx (consensus $2.45), Oracle (0.52).

U.S. IPO's scheduled to price today include: Regenxbio Inc (RGNX), Paycom Software (PAYC).

Equity conferences during the remainder of this week include: Bank of America Merrill Lynch Power & Gas Leaders Conference on Wed-Thu, Citi 2015 Industrials Conference on Wed-Thu, Deutsche Bank Technology Conference on Wed-Thu, Morgan Stanley Industrials Conference on Wed-Thu, Barclays Capital Global Financial Services Conference on Wed-Fri, Credit Suisse Basic Materials Conference on Wed-Fri, Goldman Sachs Communacopia Conference on Wed-Fri, Morgan Stanley Global Healthcare Conference on Wed-Fri, Bank of America Merrill Lynch Global Health Care Conference on Thu, Imperial Capital Global Opportunities Conference on Thu, and AACR CRI-CIMT-EATI Immunotherapy Conference on Thu-Fri.

OVERNIGHT U.S. STOCK MOVERS

FedEx (FDX +2.51%) reported Q1 EPS of $2.42, weaker than consensus of $2.46.

Carter's (CRI +0.85%) was downgraded to 'Neutral' from 'Overweight' at Piper Jaffray.

Oracle (ORCL +1.14%) was upgraded to 'Buy' from 'Neutral' at SunTrust.

Hasbro (HAS +1.93%) was initiated with a 'Buy' at Sterne Agee CRT with a price target of $84.

LinkedIn (LNKD +0.61%) was upgraded to 'Hold' from 'Sell' at Brean Capital.

SanDisk (SNDK +0.70%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.

AMC Networks (AMCX +2.49%) rose over 2% in after-hours trading after Bloomberg reported that AMC is in talks to acquire Starz (STRZA +1.39%) .

Gabelli reported a 6.8% stake in Madison Square Garden (MSG +2.66%) .

Vertex (VRTX +0.44%) was initiated with a 'Buy' at Nomura with a price target of $162.

DENTSPLY International (XRAY +1.36%) and Sirona Dental Systems (SIRO +1.24%) announced that the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine in an all-stock merger of equals.

Genuine Parts (GPC +2.24%) was initiated with a 'Buy' at Jefferies with a price target of $95.

O'Reilly Automotive (ORLY +2.10%) was initiated with a 'Buy' at Jefferies with a price target of $290.

Six Flags (SIX -0.04%) was initiated with a 'Buy' at Janney Capital with a price target of $55.

Yandex (YNDX +1.58%) was upgraded to 'Neutral' from 'Sell' at Goldman Sachs.

United Natural Foods (UNFI +1.56%) reported Q4 EPS of 72 cents, right on consensus.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 -0.08%) this morning are down -2.00 points (-0.10%). Tuesday's closes: S&P 500 +1.28%, Dow Jones +1.40%, Nasdaq +1.20%. The S&P 500 on Tuesday closed higher on indications that U.S. consumers are still engaging in some spending despite the stock market correction as U.S. Aug retail sales rose by +0.2% and +0.1% ex autos, though weaker than expectations of +0.3% and +0.2% ex autos. The stock market was also boosted by hopes the Fed will defer a rate hike decision after the -0.4% decline in Aug industrial production. Energy producers rallied as the price of crude oil rose.

Dec 10-year T-notes (ZNZ15 -0.04%) this morning are down -1.5 ticks. Tuesday's closes: TYZ5 27.00, FVZ5 -15.50. Dec T-notes Tuesday fell to a 3-1/2 week low and closed lower on the close-to-expected increase in U.S. Aug retail sales and the rally in stocks.

The dollar index (DXY00 +0.19%) this morning is up +0.180 (+0.19%). EUR/USD (^EURUSD) is down -0.0053 (-0.47%). USD/JPY (^USDJPY) is up +0.14 (+0.12%). Tuesday's closes: Dollar Index +0.365 (+0.38%), EUR/USD -0.0048 (-0.42%), USD/JPY +0.19 (+0.16%). The dollar index on Tuesday closed higher on the increase in U.S. Aug retail sales, which bolstered the case for a Fed interest rate increase. In addition, EUR/USD saw weakness after the German Sep ZEW survey expectations of economic growth fell more than expected to a 10-month low.

Oct crude oil (CLV15 +1.35%) this morning is up +76 cents (+1.70%) and Oct gasoline (RBV15 +1.02%) is up +0.0206 (+1.55%). Tuesday's closes: CLV5 +0.59 (+1.34%), RBV5 +0.0336 (+2.58%). Oct crude oil and gasoline on Tuesday closed higher on (1) expectations that Wednesday’s weekly EIA data will show crude supplies at Cushing, OK, delivery point of WTI futures, fell -1.0 million bbl, and (2) the plan by the House of Representatives to vote in the coming weeks on ending the 40-year-old ban on U.S. crude exports.

GLOBAL EVENT CALENDAR09/16/2015

US	0700 ET	Weekly MBA mortgage applications, previous -6.2% with purchase sub-index -0.9% and refi sub-index -9.9%.
	0830 ET	Aug CPI expected -0.1% m/m and +0.2% y/y, Jul +0.1% m/m and +0.2% y/y. Aug CPI ex food & energy expected +0.1% m/m and +1.9% y/y, Jul +0.1% m/m and +1.8% y/y.
	1000 ET	Sep NAHB housing market index expected unch at 61, Aug +1 to 61.
	1030 ET	EIA Weekly Petroleum Status Report.
	1100 ET	FOMC begins 2-day policy meeting.
JPN	0200 ET	Revised Japan Aug machine tool orders, previous -16.5% y/y.
	1950 ET	Japan Aug trade balance expected -540.0 billion yen, Jul -268.4 billion yen. Aug exports expected +4.3% y/y, Jul +7.6% y/y. Aug imports expected -2.5% y/y, Jul -3.2% y/y.
UK	0430 ET	UK Aug jobless claims change expected -5,000, Jul -4,900. Aug claimant count rate expected unch at 2.3%.
	0430 ET	UK Jul avg weekly earnings expected +2.5% 3-mo avg y/y, Jun +2.4% 3-mo avg y/y. UK Jul weekly earnings ex-bonus expected +2.9% 3-mo avg y/y, Jun +2.8% 3-mo avg y/y.
	0430 ET	UK Jul ILO unemployment rate expected +5.6% in the 3-months through Jul, Jun +5.6% in the 3-months through Jun.
EUR	0500 ET	Revised Eurozone Aug CPI, previous+0.2% y/y. Revised Aug core CPI, previous +1.0% y/y.
	0500 ET	Eurozone Q2 labor costs, Q1 +2.2% y/y

U.S. STOCK CALENDAR09/16/2015

Company	Ticker	Time	Event Description	Period	Estimate
FedEx Corp	FDX US	7:30	Q1 2016 Earnings Release	Q1 2016	2.454
Pitney Bowes Inc	PBI US	8:00	Analyst Day	Y 2015
FedEx Corp	FDX US	8:30	Q1 2016 Earnings Call	Q1 2016
Under Armour Inc	UA US	9:45	Investor Day	Y 2015
Oracle Corp	ORCL US	17:00	Q1 2016 Earnings Call	Q1 2016
Oracle Corp	ORCL US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.523

Patrick Industries - Chart of the Day

Patrick Industries (PATK) is the Barchart Chart of the Day. The building products company has a Trend Spotter buy signal, a Weighted Alpha of 66.94+ and gained 65.05% in the last year.

The Chart of the Day belongs to Patrick Industries (PATK).  I found the building products stock by using Barchart to sort the Russell 3000 Index stocks for the criteria I like.  First I sorted for Barchart technical buy signals above 80% then again for a Weighted Alpha above 50.00+.  Next I used the Flipchart feature to review the charts,  Since the Trend Spotter signaled a buy on 9/1 the stock gained 11.15%.

The company is a manufacturer and supplier of building products and materials to the manufactured housing and recreational vehicle industries. In addition, they are expanding as a supplier to certain other industrial markets, such as furniture manufacturing, marine and the automotive aftermarket. They manufacture decorative vinyl and paper panels, cabinet doors, countertops, aluminum extrusions, drawer sides and wood adhesives.

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
• 66.94+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 20.46% in the last month
• Relative Strength Index 77.83%
• Barchart computes a technical support level at 43.31
• Recently traded at 47.27 with a 50 day moving average of 39.03

Fundamental factors:

• Market Cap $730.32 million
• P/E 1.38
• Revenue expected to grow 28.90% this year and another 12.80% next year
• Earnings estimated to increase 30.40% this year, an additional 27.70% next year and continue to increase at an annual compounded rate of 15.00% for the next 5 years
• Wall Street analysts have issued 2 buy recommendations on the stock

Because of the stocks erratic movement most of the normal technical trading strategies have no been useful.  I'd advise using a trailing stop loss 15% below its recent high to preserve your profits.

The 2 Best Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find which ones met my criteria.  Today there were only two stocks that passed the test: Vulcan Materials (VMC) and  Teco Energy (TE).

Vulcan Materials (VMC)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 60.72+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 2.12% in the last month
• Relative Strength Index 61.77%
• Barchart computes a technical support level at 97.81
• Recently traded at 99.84 with a 50 day moving average of 93.02

Teco Energy (TE)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 51.46+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 19.57% in the last month
• Relative Strength Index 84.97%
• Barchart computes a technical support level at 26.48
• Recently traded at 26.76 with a 50 day moving average of 21.56 

BARCHART MORNING CALL 9/15

BARCHART MORNING CALL

Tuesday, September 15th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 +0.10%) are up +0.05% and European stocks are up +0.72%. European stocks recovered from a 2-week low and moved higher led by strength in automakers after Eurozone Aug new car registrations rose +11.2% y/y to 745,000. European stocks had slid to a 2-week low after China's Shanghai Composite fell more than 3% to a 2-week low and after German investor confidence fell more than expected to a 10-month low. Comments from OECD Secretary General Gurria added to the negative tone in stocks when he said the global economy is not accelerating and that the OECD may cut its global economic outlook. Asian stocks closed mostly lower: Japan +0.34%, Hong Kong -0.49%, China -3.52%, Taiwan -0.57%, Australia -1.53%, Singapore -1.03%, South Korea +0.23%, India -0.58%. Japanese stocks closed higher and the yen strengthened after the BOJ refrained from adding additional stimulus following today's 2-day policy meeting and after BOJ Governor Kuroda said he sees a gradual recovery continuing in the economy.

The dollar index (DXY00 -0.05%) is up +0.02%. EUR/USD (^EURUSD) is down -0.13%. USD/JPY (^USDJPY) is down -0.44%.

Dec T-note prices (ZNZ15 +0.06%) are up +3 ticks.

The German Sep ZEW survey expectations of economic growth fell -12.9 to 12.1, weaker than expectations of -6.7 to 18.3 and the lowest in 10 months.

Eurozone Aug new car registrations rose +11.2% y/y to 745,000.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Aug retail sales (expected +0.3% and +0.2% ex autos), (2) Sep Empire manufacturing survey general business conditions (expected +14.52 to -0.40), (3) Aug industrial production (expected -0.2% m/m), (4) Aug capacity utilization (expected -0.2 to 77.8%), (5) Jul business inventories (expected +0.1%).

One of the Russell 2000 companies report earnings today: United Natural Foods (consensus $0.72).

U.S. IPO's scheduled to price today include: none.

Equity conferences this week include: Bank of America Merrill Lynch Power & Gas Leaders Conference on Wed-Thu, Citi 2015 Industrials Conference on Wed-Thu, Deutsche Bank Technology Conference on Wed-Thu, Morgan Stanley Industrials Conference on Wed-Thu, Barclays Capital Global Financial Services Conference on Wed-Fri, Credit Suisse Basic Materials Conference on Wed-Fri, Goldman Sachs Communacopia Conference on Wed-Fri, Morgan Stanley Global Healthcare Conference on Wed-Fri, Bank of America Merrill Lynch Global Health Care Conference on Thu, Imperial Capital Global Opportunities Conference on Thu, and AACR CRI-CIMT-EATI Immunotherapy Conference on Thu-Fri.

OVERNIGHT U.S. STOCK MOVERS

Owens-Illinois (OI +0.25%) and Weyerhaeuser (WY -0.51%) were both upgraded to 'Buy' from 'Neutral' at BofA/Merrill Lynch.

Corning (GLW -0.28%) was initiated with a 'Buy' at Deutsche Bank with a price target of $21.

The Fresh Market (TFM -0.90%) was upgraded to 'Buy' from 'Hold' at Jefferies.

Whirlpool (WHR -0.91%) was upgraded to 'Top Pick' from 'Outperform' at RBC Capital.

Nordstrom (JWN -0.57%) was upgraded to 'Buy' from 'Hold' at Stifel.

Joy Global (JOY -0.11%) was downgraded to 'Neutral' from 'Buy' at Axiom.

Commerzbank (CRZBY -0.13%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.

UBS (UBS -1.93%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.

Credit Suisse (CS -2.16%) was upgraded to 'Conviction Buy' from 'Buy' at Goldman Sachs.

Carl Icahn raised his stake in Cheniere Energy (LNG +2.60%) to 9.59% from 8.18%.

Glenhill Advisors reported a 5.9% passive stake in UTi Worldwide (UTIW -1.99%) .

Fitbit (FIT -1.23%) was initiated with an 'Overweight' at Pacific Crest with a price target of $47.

Bristow Group (BRS -2.80%) was initiated with an 'Outperform' at Oppenheimer with a price target of $52.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 +0.10%) this morning are up +1.00 point (+0.05%). Monday's closes: S&P 500 -0.41%, Dow Jones -0.38%, Nasdaq -0.33%. The S&P 500 Monday closed lower on negative carry-over from a slide in Chinese stocks on concern the slowdown in China is deepening after China Aug industrial production rose +6.1% y/y, weaker than expectations of +6.5% y/y, and after China Aug fixed asset investment rose at the slowest pace in 14-1/2 years. Also, weakness in energy and raw-material stocks pressured the overall market after copper and crude oil declined.

Dec 10-year T-notes (ZNZ15 +0.06%) this morning are up +3 ticks. Monday's closes: TYZ5 +0.50, FVZ5 +0.25. Dec T-notes Monday closed higher on carryover support from a rally in German bunds which rose to a 2-1/2 week high and on weakness in stocks which boosted the safe-haven demand for Treasuries. T-notes also garnered support on speculation the Fed will refrain from raising interest rates at this Wednesday and Thursday’s FOMC meeting.

The dollar index (DXY00 -0.05%) this morning is up +0.017 (+0.02%). EUR/USD (^EURUSD) is down -0.0015 (-0.13%). USD/JPY (^USDJPY) is down-0.53 (-0.44%). Monday's closes: Dollar Index +0.052 (+0.05%), EUR/USD -0.0021 (-0.19%), USD/JPY -0.36 (-0.30%). The dollar index Monday rebounded from a 2-week low and closed higher on short-covering ahead of the 2-day FOMC meeting this Wednesday and Thursday, and on speculation that the BOJ and ECB may expand their stimulus measures as the Fed raises interest rates, which is positive for dollar interest rate differentials.

Oct crude oil (CLV15 +1.00%) this morning is up +40 cents (+0.91%) and Oct gasoline (RBV15 +0.87%) is up +0.0119 (+0.91%). Monday's closes: CLV5-0.51 (-1.14%), RBV5 -0.0634 (-4.63%). Oct crude oil and gasoline closed lower Monday with Oct gasoline at a 7-1/2 month nearest-futures low on Chinese economic concerns after China Aug industrial production rose less than expected, which signals reduced energy demand and consumption. Crude prices were also pressured from a rebound in the dollar after the dollar index recovered from a 2-week low and closed higher.

GLOBAL EVENT CALENDAR09/15/2015

US	0830 ET	Aug retail sales expected +0.3% and +0.2% ex autos, Jul +0.6% and +0.4% ex autos.
	0830 ET	Sep Empire manufacturing survey general business conditions expected +14.52 to -0.40, Aug -18.78 to -14.92.
	0915 ET	Aug industrial production expected -0.2% m/m, Jul +0.6% m/m. Aug capacity utilization expected -0.2 to 77.8%, Jul +0.3 to 78.0%.
	1000 ET	Jul business inventories expected +0.1%, Jun +0.8%.
EUR	0200 ET	Eurozone Aug new car registrations, Jul +14.6% y/y.
	0500 ET	Eurozone Q2 employment, Q1 +0.1% q/q and +0.8% y/y.
UK	0430 ET	UK Aug CPI expected +0.2% m/m and unch y/y, Jul -0.2% m/m and +0.1% y/y. Aug core CPI expected +1.0% y/y, Jul +1.2% y/y.
	0430 ET	UK Aug RPI expected +0.3% m/m and +0.9% y/y, Jul -0.1% m/m and +1.0% y/y. Aug RPI ex-mortgage interest payments expected +0.9% y/y, Jul +1.1% y/y.
	0430 ET	UK Aug PPI input prices expected -2.4% m/m and -13.6% y/y, Jul -0.9% m/m and -12.4% y/y.
	0430 ET	UK Aug PPI output prices expected -0.2% m/m and -1.7% y/y, Jul -0.1% m/m and -1.6% y/y. Aug PPI output core expected unch m/m and +0.2% y/y, Jul +0.1% m/m and +0.3% y/y.
	0430 ET	UK Jul ONS house prices, Jun +5.7% y/y.
GER	0500 ET	German Sep ZEW survey expectations of economic growth expected -6.7 to 18.3, Aug 25.0. Sep ZEW survey current situation expected-1.7 to 64.0, Aug 65.7.
JPN	n/a	BOJ announces interest rate decision and asset purchase target.

U.S. STOCK CALENDAR09/15/2015

Company	Ticker	Time	Event Description	Period	Estimate
United Natural Foods Inc	UNFI US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	0.721