Saturday, October 10, 2015

Constellation Brands - Chart of the Day

Consentllation Brands (STZ) is the Barchart Chart of the Day.  The alcoholic beverage company has a Trend Spotter buy signal, a Weighted Alpha of 58.12, gained 58.47% in the last year and paid a 1.19% dividend.

The Chart of the Day belongs to Constellation Beverage (STZ).  I found the alcoholic beverage stock by using Barchart to sort first for a Weighted Alpha of 50.00+ or more then again for technical buy signals of 80% or better.  Since the Trend Spotter signaled a buy on 10/5 the stock gained 3.52%.

Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. Its wine brands include Arbor Mist, Black Box, Blackstone, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Mount Veeder, Nobilo, Ravenswood, Rex Goliath, Robert Mondavi, Ruffino, Simi, Meiomi, Toasted Head, and Wild Horse; and Spirits Brands comprise Black Velvet Canadian Whisky and Svedka Vodka. The company offers its products to wholesale distributors, retailers, on-premise locations, and government alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.



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
  • 58.12+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 10 day moving averages
  • 4 new highs and up 8.72% in the last month
  • 66.84% Relative Strength Index
  • Barchart computes a technical support level at 135.29
  • Recently traded at 136.89 with a 50 day moving average of 127.24
Fundamental factors:
  • Market Cap $26.73 billion
  • P/E 31.68
  • Dividend yield 1.19%
  • Revenue expected to grow 6.60% this year and another 6.30% next year
  • Earnings estimated to increase at an annual rate of 16.00% this year, an additional 12.60% next year and continue to compound at an annual rate f 14.35% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 5 buy, 6 hold and 1 under perform recommendation on the stock
The 50-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.

Thursday, October 8, 2015

Crown Media Holdings - Chart of the Day

Crown Media Holdings (CRWN) is the Barchart Chart of the Day.  The cable media company has a Trend Spotter buy signal, a Weighted Alpha of 85.80+ and gained 78.21% in the last year.

The Chart of the Day belongs to Crown Media Holdings (CRWN).  I found the cable media stock by using Barchart to sort the Russell 3000 Index stocks for the ones with a Weighted Alpha of at least 50.00+ and technical buy signals of 80% or better. Since the Trend Spotter signaled a buy on 8/31 the stock gained 3.93%.

Crown Media Holdings, Inc. owns and operates pay television channels dedicated to high quality family programming. Currently, they operate and distribute the Hallmark Entertainment Network internationally and the Odyssey Network domestically, primarily through cable and direct-to-home satellite systems. In addition, they, along with The Jim Henson Company each own 50% of the Kermit Channel, which is distributed primarily in India. We have more than 50 million subscribers worldwide.


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
  • 85.80+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 3 new highs and up 5.30% in the last month
  • Relative Strength index 60.84%
  • Barchart computes a technical support level at 5.21
  • Recently traded at 5.56 with a 50 day moving average of 4.98
Fundamental factors:
  • Market Cap $2.00 billion
  • P/E 17.83
  • Revenue expected to grow 11.60% this year
  • None of the 7 Wall Street firms following the stock have made projections or recommendations
  • The individual investors on Motley Fool voted 93 to 27 that the stock will beat the market
The 50-100 Day MACD Oscillator has been the most reliable technical trading strategy for this stock


The Best of the NASDAQ 100

Today I wanted to find the NASDAQ 100 stocks that were performing the best.  I used Barchart to sort the NASDAQ 100 Index stocks first for a Weighted Alpha of more than 50.00 + then again for technical buy signals of  80% or better.  Only 4 made the cut: Nvidia (NVDA), Starbucks (SBUX), O'Reilly Automotive (ORLY) and Activision Blizzard (ATVI).

Nvidia (NVDA)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • 54.21+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 19.63% in the last month
  • Relative Strength Index 72.30%
  • Barchart computes a technical support level at 25.01
  • Recently traded at 26.02 with a 50 day moving average of 22.68
Starbucks (SBUX)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 55.12+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 8.29% in the last month
  • Relative Strength Index 59.94%
  • Barchart computes a technical support level at 57.57
  • Recently traded at 58.78 with a 50 day moving average of 56.47


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • 57.98+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 7.30% in the last month
  • Relative Strength Index 55.92%
  • Barchart computes a technical support level at 247.78
  • Recently traded at 251.78 with a 50 day moving average of 245.23


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • 74.45+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 13.67% in the last month
  • Relative Strength Index 65.64%
  • Barchart computes a technical support level at 30.96
  • Recently traded at 31.94 with a 50 day moving average of 29.12











BARCHART MORNING CALL 10/8

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ15 -0.31%) are down -0.36% and European stocks are down -0.28% after disappointing German export data added to concerns that the global recovery may be weaker than previously thought. German Aug exports fell by the most in 6-1/2 years, although European stocks recovered a good portion of their losses on speculation the weak trade data may spur the ECB into expanding QE. Automakers are also higher, led by a +2.9% increase in Fiat Chrysler Automobiles NV, after the company reached a tentative agreement with the United Auto Workers Union in the U.S. to avert a strike. Asian stocks settled mostly lower: Japan -0.99%, Hong Kong -0.71%, China +2.97%, Taiwan -0.58%, Australia +0.24%, Singapore -0.50%, South Korea +1.03%, India -0.70%. China's Shanghai Composite resumed trade after a week-long holiday and closed up nearly 3% on speculation the government will take additional steps to revive economic growth.
The dollar index (DXY00 -0.27%) is down % at a 2-week low. EUR/USD (^EURUSD) is up +0.53%. USD/JPY (^USDJPY) is down -0.17%.
Dec T-note prices (ZNZ15 +0.10%) are up +4.5 ticks.
As expected, the BOE maintained its benchmark interest rate at 0.50% and kept its asset purchase target at 375 billion pounds following today's policy meeting.
The German Aug trade balance shrank to a surplus of 15.3 billion euros, less than expectations of 19.0 billion euros and the smallest surplus in a year. Aug exports fell -5.2% m/m, a bigger drop than expectations of -0.9% m/m and the largest decline in 6-1/2 years. Aug imports fell -3.1% m/m, a bigger drop than expectations of -0.6% m/m and the largest decline in 2-3/4 years.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly initial unemployment claims (expected -3,000 to 274,000, previous +10,000 to 277,000) and continuing claims (expected +9,000 to 2.200 million, previous 53,000 to 2.191 million), (2) the minutes of the Sep 16-17 FOMC meeting, (3) the Treasury's auction of $13 billion of 30-year T-bonds, (4) welcoming remarks by Minneapolis Fed President Narayana Kocherlakota followed by a forum at the Greater Mankato Growth Event at Minnesota State University, and (5) San Francisco Fed President John Williams' speech on the economic outlook to the Spokane Metropolitan Area Business and Community Leaders’ Luncheon.
There are 2 of the Russell 2000 companies report earnings today: Alcoa (consensus $0.13), Domino's Pizza (0.74).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week include: Goldman Sachs EMEA Leveraged Finance Conference on Thu.


OVERNIGHT U.S. STOCK MOVERS
Domino's Pizza (DPZ +0.72%) reported Q3 adjusted EPS of 67 cents, below consensus of 76 cents.
Fiat Chrysler Automobiles NV (FCAU +4.00%) rose 1.5% in pre-market trading after the company reached a tenative agreement with the United Auto Workers Union in the U.S. to avert a strike.
EMC Corp. (EMC +0.58%) jumped nearly 7% in pre-market trading after people familiar with the matter said Dell is in talks to combine with all or part of the company.
AmSurg (AMSG +2.73%) rose over 1% in after-hours trading after it was announced it will replace Con-way in the S&P Midcap 400 effective the close of trading Oct 14.
Newtek Business Services (NEWT -2.00%) dropped 3% in after-hours trading after it said it plans to make a public offering of 2 million shares of common stock.
Mistras Group (MG +3.04%) jumped 16% in after-hours trading after it reported Q1 adjusted EPS of 23 cents, more than double consensus of 9 cents.
Chemours (CC -4.14%) surged over 15% in after-hours trading after Apollo Global Management LLC said it was mulling a buyout of the company.
Tilly's (TLYS +1.56%) climbed nearly 3% in after-hours trading after it announced that Dan Griesemer resigned as CEO and Ed Thomas, ex-CEO of Wet Seal, will replace him as new CEO.
Zumiez (ZUMZ +4.05%) rose over 7% in after-hours trading after it reported that total net sales for the five weeks ended Oct 3 grew +1.5% y/y to 67.3 million.
Journal Media Group (JMG +5.46%) jumped 8% in after-hours trading after Gannet said it was near a deal to buy the company for $300 million.
Deutsche Bank (DB +1.37%) fell nearly 6% in after-hours trading after it said it expects a surprise Q3 loss of 6.2 billion euros ($7 billion) after writing down the value of its two biggest divisions and boosting its reserve for legal costs. Prices recovered, however, and are now up nearly 1% in pre-market trading on speculation the potential elimination of the company's dividend may allow it to overhaul its structure and increase capital without issuing additional stock.
Cardiovascular Systems (CSII -1.36%) slumped over 15% in after-hours trading after the company reported preliminary Q1 revenue of $43.9 million, below consensus of $49.4 million, and said it sees a loss of -41 cents to -43 cents a share, a bigger loss than consensus of -39 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ15 -0.31%) this morning are down -7.25 points (-0.36%). Wednesday's closes: S&P 500 +0.80%, Dow Jones +0.73%, Nasdaq +0.62%. The S&P 500 on Wednesday rose to a 2-1/2 week high and closed higher on a rally in miners and metals producers as the price of copper rose to a 2-week high and after Morgan Stanley upgraded the sectors to "Attractive." In addition, there was M&A activity after Anheuser-Busch InBev NV raised its offer for SABMiller to $104 billion. Stocks fell back from earlier highs as energy producers declined on a sell-off in crude oil prices on the bearish weekly EIA data.
Dec 10-year T-notes (ZNZ15 +0.10%) this morning are up +4.5 ticks. Wednesday's closes: TYZ5 -7.00, FVZ5 -5.75. Dec T-note prices on Wednesday closed lower on the rally in stock prices, an increase in the 10-year T-note breakeven inflation rate to a 2-week high, and supply pressures as the Treasury auctioned $21 billion of 10-year T-notes and auctions $13 billion of 30-year T-bonds on Thursday.
The dollar index (DXY00 -0.27%) this morning is down -0.273 (-0.29%) at a 2-week low. EUR/USD (^EURUSD) is up +0.0059 (+0.53%). USD/JPY (^USDJPY) is down -0.21 (-0.17%). Wednesday's closes: Dollar Index +0.042 (+0.04%), EUR/USD -0.0035 (-0.31%), USD/JPY -0.22 (-0.18%). The dollar index on Wednesday closed slightly higher on an increase in U.S. inflation expectations after the 10-year T-note breakeven inflation rate climbed to a 2-week high, and weakness in EUR/USD on speculation the ECB may expand easing measures after German Aug industrial production unexpectedly fell-1.2%, the biggest decline in a year. GBP/USD rallied to a 2-week high after UK Aug industrial production rose +1.0% m/m, the largest increase in 18 months. USD/JPY saw weakness as the yen strengthened after the BOJ refrained from additional stimulus measures following the 2-day policy meeting.
Nov crude oil (CLX15 +0.59%) this morning is up +9 cents (+0.19%) and Nov gasoline (RBX15 -0.04%) is down -0.0059 (-0.42%). Wednesday's closes: CLX5 -0.72 (-1.48%), RBX5 -0.0327 (-2.28%). Nov crude oil and gasoline prices closed lower on Wednesday with Nov crude retreating from a 2-1/2 month nearest futures high. The weekly EIA report was bearish due to the +3.07 million bbl increase in weekly EIA crude inventories (vs expectations of +2.25 million bbl), the +98,000 bbl increase in crude supplies at Cushing, the first increase in 6 weeks, and the +0.8% increase in U.S. crude production to 9.172 million bpd in the week ended Oct 2.
GLOBAL EVENT CALENDAR10/08/2015
US0830 ETWeekly initial unemployment claims expected -3,000 to 274,000, previous +10,000 to 277,000. Weekly continuing claims expected +9,000 to 2.200 million, previous 53,000 to 2.191 million.
0830 ETUSDA weekly Export Sales.
1300 ETTreasury auctions $13 billion of 30-year T-bonds.
1300 ETMinneapolis Fed President Narayana Kocherlakota gives welcoming remarks followed by a forum at the Greater Mankato Growth Event at Minnesota State University.
1400 ETMinutes of the Sep 16-17 FOMC meeting.
1530 ETSan Francisco Fed President John Williams delivers a speech on the economic outlook to the Spokane Metropolitan Area Business and Community Leaders Luncheon.
JPN0030 ETJapan Sep bankruptcies, Aug -13.06% y/y.
0100 ETJapan Sep eco-watchers survey current expected -0.3 to 49.0, Aug 49.3. Sep eco-watchers survey outlook expected +0.1 to 48.3, Aug 48.2.
GER0200 ETGerman Aug trade balance expected +19.0 billion euros, Jul +25.0 billion euros. Aug exports expected -0.9% m/m, Jul +2.5% m/m. Aug imports expected -0.6% m/m, Jul +2.3% m/m.
0200 ETGerman Aug current account balance expected +16.7 billion euros, Jul+23.4 billion euros.
UK0700 ETBOE announces interest rate decision and asset purchase target, expected no change to the 0.50% benchmark rate or to the 375 billion pound asset purchase target.
U.S. STOCK CALENDAR10/08/2015

CompanyTickerTimeEvent DescriptionPeriodEstimate
L Brands IncLB US7:30September 2015 Sales and Revenue Release - Sales Report2015
L Brands IncLB US7:30September 2015 Sales and Revenue Call2015
Domino's Pizza IncDPZ US7:30Q3 2015 Earnings ReleaseQ3 20150.739
Leucadia National CorpLUK US9:00Investor MeetingY 2015
Domino's Pizza IncDPZ US10:00Q3 2015 Earnings CallQ3 2015
Franklin Resources IncBEN US12:00Annual General MeetingY 2015
Alcoa IncAA US17:00Q3 2015 Earnings CallQ3 2015
United Continental Holdings IncUAL US17:00September 2015 Sales and Revenue Release - Operational Performance2015
Alcoa IncAA USAft-mktQ3 2015 Earnings ReleaseQ3 20150.128
Gap Inc/TheGPS USSeptember 2015 Sales and Revenue Release2015
RPM International IncRPM USAnnual General MeetingY 2015
Xcel Energy IncXEL USInvestor Meeting - Day 3Y 2015
General Motors CoGM USGeneral Motors Deposition of CEO, Mary Barra, in Inition-Switch Defect Case

Wednesday, October 7, 2015

J2 Global Communications - Chart of the Day

J2 Global Communications (JCOM) is the Barchart Chart of the Day.  The Internet software company has a Trend Spotter buy signal, a Weighted Alpha of 52.40+, gained 56.77% last year and paid a 1.64% dividend.

The Chart of the Day belongs to J2 Global Communications (JCOM).  I found the Internet software stock by using Barchart to sort the Russell 3000 Index stocks for the ones having technical buy signals of higher than 80% and then again for a Weighted Alpha of better than 50.00+.  Since the Trend Spotter signaled a buy on 10/5 the stock gained 2.75%

j2 Global, Inc. provides cloud-based communications and storage messaging services. The Company offers online fax, virtual voice, hosted email, email marketing, online backup and unified communications services. j2 markets its services principally under the brand names eFax, eVoice, Electric Mail, Campaigner, KeepItSafe and Onebox. It also provides software-as-a-service communication services and solutions to the business market. j2 Global Inc. formerly known as j2 Global Communications, Inc., is headquartered in Los Angeles, California.




The status of Barchart's Opinion trading systems are listed below.  Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates.  The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • 52.40+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 14.88% in the last month
  • Relative Strength Index 70.20%
  • Barchart computes a technical support level at 71.82
  • Recently traded at 76.96 with a 50 day moving average of 70.66
Fundamental factors:
  • Market Cap $3.71 billion
  • P/E 22.17
  • Dividend yield 1.64%
  • Revenue expected to grow 17.90% this year and another 15.00% next year
  • Earnings estimated to increase an annual rate of  15.80% this year , an additional 15.20% next year and continue to increase at an annual rate of 15.00% for the next 5 years
  • Wall Street analysts issued  strong buy, 1 buy and 2 hold recommendations on the stock
The normal technical trading strategies have not been reliable on this stock so I suggest you use a trailing stop loss to protect your gains.

Today's 5 Best Small Caps

Today I used Barchart to find what I think are the 5 best small cap technical buys.  I sorted the S&P 600 Small Cap Index stocks first for technical buy signals of 80% or better and then for a Weighted Alpha of 50.00+ or more.

The 5 stocks that made the cut with the highest technical buy signals were Coresite Realty (COR), Universal Insurance Holdings (UVE), BOFI Holdings (BOFI), Digi International (DGII), Boyd Gaming (BYD).

Coresite Realty (COR)


Barchart technical indicators:
  • 100% BArchart technical buy signals
  • 56.00+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 9.83% in the last month
  • Relative Strength Index 65.59%
  • Barchart computes a technical support level at 52.91
  • Recently traded at 54.23 with a 50 day moving average of 50.03


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • 128.40+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 26.58% in the last month
  • Barchart computes a technical support level at 30.30
  • Recently traded at 32.41 with a 50 day moving average of 27.52


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
  • 13 new highs and up 19.17% in the last month
  • Relative Strength index 3.52%
  • Barchart computes a technical support level at 131.38
  • Recently traded at 136.63 with a 50 day moving average of 123.28


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 59.40+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 16.39% in the last month
  • Relative Strength Index 67.40%
  • Barchart computes a technical support level at 11.63
  • Recently traded at 11.66 with a 50 day moving average of 10.40


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 84.80+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 10.32% in the last month
  • Relative Strength Index 60.52%
  • Barchart computes a technical support level at 17.40
  • Recently traded at 17.65 with a 50 day moving average of 16.73












BARCHART MORNING CALL 10/7

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ15 +0.65%) are up +0.44% and European stocks are up +0.61%, both at 2-1/2 week highs, as a +1.65% rally in Nov crude oil (CLX15 +1.94%) to a 5-week high and a +0.51% increase in Dec copper (HGZ15 +1.10%) to a 2-week high boosted energy and commodity producers. Also, Morgan Stanley upgraded their recommendation on miners to 'Attractive,' which boosted Anglo American Plc, Rio Tinto Group and BHP Billiton Ltd. to up more than 4%. In addition, increased M&A activity boosted stocks as SABMiller gained over 1% after Anheuser-Busch InBev NV raised its offer for SABMiller to $104 billion. Asian stocks settled higher: Japan +0.75%, Hong Kong +3.13%, China closed for holiday, Taiwan +1.20%, Australia +0.59%, Singapore +2.22%, South Korea +1.39%, India +0.38%. Japan's Nikkei Stock Index climbed to a 2-1/2 week high as the rally in crude oil bolstered energy producers. USD/JPY is weaker after the BOJ refrained from additional stimulus measures following today's 2-day policy meeting and after BOJ Governor Kuroda said that inflation will climb toward the BOJ's 2.0% target once the effect of lower oil prices dissipates. The BOJ will update its outlook for inflation and economic growth on Oct 30.
The dollar index (DXY00 +0.02%) is up +0.03%. EUR/USD (^EURUSD) is down -0.11%% on speculation the ECB may expand QE after German Aug industrial production unexpectedly fell. USD/JPY (^USDJPY) is down -0.12%.
Dec T-note prices (ZNZ15 -0.19%) are down -8 ticks.
German Aug industrial production unexpectedly fell -1.2%, weaker than expectations of +0.2% m/m and the biggest decline in a year. On an annual basis, Aug industrial production rose +2.3% y/y, weaker than expectations of +3.3% y/y.
UK Aug industrial production rose +1.0% m/m, stronger than expectations of +0.3% m/m and the largest increase in 18 months. On an annual basis, Aug industrial production rose +1.9% y/y, stronger than expectations of +1.2% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -6.7% with purchase sub-index -5.6% and refi sub-index -7.5%), (2) San Francisco Fed President John Williams' speech at the Gonzaga University School of Business Administration, (3) Aug consumer credit (expected +$19.500 billion, Jul +$19.097 billion), (4) the Treasury's auction of $21 billion of 10-year T-notes.
There are 7 of the Russell 2000 companies report earnings today: Monsanto (consensus -$0.03), Constellation Brands (1.32), RMP Intl (0.81), Global Payments (1.43), Acuity Brands (1.62), Lumentum Holdings (0.20).
U.S. IPO's scheduled to price today: CPI Card Group (PMTS), CytomX Therapeutics (CTMX), Allegiance Bancshares (ABTX).
Equity conferences during the remainder of this week include: Barclays Select Series Biosimilars Symposium on Wed, Capital Link Shipping Marine Services and Offshore Forum on Wed, and Goldman Sachs EMEA Leveraged Finance Conference on Thu.


OVERNIGHT U.S. STOCK MOVERS
Anglo American Plc (AAUKY +4.59%) , Rio Tinto Group (RIO +0.43%) and BHP Billiton Ltd. (BHP +1.63%) are all up more than 4% in pre-market trading after Morgan Stanley upgraded the metals and mining sectors to 'Attractive' saying the sectors trade at historically attractive valuations.
Exxon-Mobile (XOM +1.41%) and Schlumberger (SLB +2.57%) are both up over 1% in pre-market trading as the price of crude oil rose to a 5-week high.
SABMiller (SBMRY -3.45%) is up over 1% in pre-market trading after Anheuser-Busch InBev NV raised its offer for the company to $104 billion.
Ross Stores (ROST -2.97%) were rated a new 'Buy' at Citigroup with a price target of $59.
Michael Kors (KORS -1.18%) were rated a new 'Sell' at Citigroup with a price target of $38.
Team Inc. (TISI -3.22%) reported Q1 EPS of 23 cents, better than consensus of 22 cents.
Nu Skin (NUS +1.57%) sank over 12% in after-hours trading after it reported preliminary Q3 revenue of $570 million-$573 million, less than consensus of $600 million-$620 million.
Yum! Brands (YUM +0.45%) slumped over 15% in after-hours trading after it reported Q2 adjusted EPS of $1.00, lower than consensus of $1.06 and said the pace of recovery in China is below expectations.
Allegheny Technologies (ATI +2.12%) forecast a Q3 adjusted loss of -27 cents to -32 cents, wider than consensus of a -23 cent loss.
U.S. Steel (X +3.24%) fell 1% in after-hours trading after it said it was examining consolidation of its North American flat-rolled steel operations and may temporarily idle its Granite City, Il plant and cut jobs.
Adobe (ADBE -0.80%) tumbled over 7% in after-hours trading after it said it sees fiscal 2016 adjusted EPS of $2.70, well below consensus of $3.20.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ15 +0.65%) this morning are up +8.75 points (+0.44%). Tuesday's closes: S&P 500 -0.36%, Dow Jones +0.08%, Nasdaq -0.57%. The S&P 500 on Tuesday closed lower on the IMF's cut its global growth forecast for 2015 to 3.1% from July's estimate of 3.3% and for 2016 to 3.6% from July's 3.8%. In addition, there was weakness in health-care companies after Celgene and Vertex Pharmaceuticals both lost more than 5%. On the positive side, energy producers rose as crude oil prices climbed to a 1-month high.
Dec 10-year T-notes (ZNZ15 -0.19%) this morning are down -8 ticks. Tuesday's closes: TYZ5 +6.50, FVZ5 +2.75. Dec T-note prices on Tuesday settled higher on weakness in stocks, which boosted the safe-haven demand for T-notes, and on global growth concerns that may further delay a Fed interest rate increase after the IMF cut its 2015/16 global GDP estimates.
The dollar index (DXY00 +0.02%) this morning is up +0.030 (+0.03%). EUR/USD (^EURUSD) is down -0.0012 (-0.11%). USD/JPY (^USDJPY) is down-0.14 (-0.12%). Tuesday's closes: Dollar Index -0.651 (-0.68%), EUR/USD +0.0084 (+0.75%), USD/JPY -0.23 (-0.19%). The dollar index on Tuesday closed lower on continued negative carryover from last Friday's weaker-than-expected U.S. Sep payroll report that pushed back expectations for a Fed interest rate increase from this year to Q1-2016. EUR/USD received a boost on reduced expectations of additional ECB stimulus after ECB Governing Council member Liikanen said speculation of additional ECB easing is "premature."
Nov crude oil (CLX15 +1.94%) this morning is up +80 cents (+1.65%) at a 2-week high and Nov gasoline (RBX15 +0.34%) is up +0.0011 (+0.08%). Tuesday's closes: CLX5 +2.27 (+4.91%), RBX5 +0.0411 (+2.97%). Nov crude oil and gasoline on Tuesday climbed to 1-month highs and settled sharply higher on a weaker dollar and on reduced U.S. crude production after the U.S. Energy Department in its Short-Term Energy Outlook said U.S. Sep crude output was down -120,000 bpd. Crude oil prices continue to see strength from Middle East tensions after at least one Russian fighter jet on Monday violated Turkish/NATO air space.
GLOBAL EVENT CALENDAR10/07/2015
US0700 ETWeekly MBA mortgage applications, previous -6.7% with purchase sub-index -5.6% and refi sub-index -7.5%.
1030 ETEIA Weekly Petroleum Status Report.
1300 ETTreasury auctions $21 billion of 10-year T-notes.
1400 ETSan Francisco Fed President John Williams speaks at the Gonzaga University School of Business Administration.
1500 ETAug consumer credit expected +$19.500 billion, Jul +$19.097 billion.
JPN0100 ETJapan Aug leading index CI expected -1.6 to 103.4, Jul 105.0. Aug coincident index expected -0.8 to 112.3, Jul 113.1.
1950 ETJapan Aug machine orders expected +2.3% m/m and +3.5% y/y, Jul -3.6% m/m and +2.8% y/y.
n/aBOJ announces interest rate decision followed by a press conference with BOJ Governor Haruhiko Kuroda.
GER0200 ETGerman Aug industrial production expected +0.2% m/m and +3.3% y/y, Jul +0.7% m/m and +0.5% y/y.
UK0430 ETUK Aug industrial production expected +0.3% m/m and +1.2% y/y, Jul -0.4% m/m and +0.8% y/y.
0430 ETUK Aug manufacturing production expected +0.3% m/m and -0.2% y/y, Jul -0.8% m/m and -0.5% y/y.
1000 ETUK Sep NIESR GDP estimate, Aug +0.5% q/q.
1901 ETUK Sep RICS house price balance expected 55%, Aug 53%.
U.S. STOCK CALENDAR10/07/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
RPM International IncRPM USBef-mktQ1 2016 Earnings ReleaseQ1 20160.813
Constellation Brands IncSTZ USBef-mktQ2 2016 Earnings ReleaseQ2 20161.32
Monsanto CoMON USBef-mktQ4 2015 Earnings ReleaseQ4 2015-0.026
Global Payments IncGPN USBef-mktQ1 2016 Earnings ReleaseQ1 20161.425
Acuity Brands IncAYI USBef-mktQ4 2015 Earnings ReleaseQ4 20151.621
SunEdison IncSUNE US8:00Business Update Call
Global Payments IncGPN US8:00Q1 2016 Earnings CallQ1 2016
Accenture PLCACN US8:30Investor & Analyst MeetingY 2015
Flowers Foods IncFLO US8:30Acquisitions of Daves Killer Bread and Alpine Valley Bread By Flowers Foods
Yum! Brands IncYUM US9:15Q3 2015 Earnings CallQ3 2015
Monsanto CoMON US9:30Q4 2015 Earnings CallQ4 2015
RPM International IncRPM US10:00Q1 2016 Earnings CallQ1 2016
Acuity Brands IncAYI US10:00Q4 2015 Earnings CallQ4 2015
Constellation Brands IncSTZ US10:30Q2 2016 Earnings CallQ2 2016
IHS IncIHS US12:00Investor DayY 2015
Costco Wholesale CorpCOST US21:00September 2015 Sales and Revenue Release2015
Xcel Energy IncXEL USInvestor Meeting - Day 2Y 2015
Lumentum Holdings IncLITE USQ4 2015 Earnings ReleaseQ4 20150.2

Tuesday, October 6, 2015

LGI Homes - Chart of the Day

LGI Homes (LGIH) is the Barchart Chart of the Day.  The entry level home builder has a Trend Spotter buy signal, a Weighted Alpha of 106.50+ and gained 64.32% in the last year.

The Chart of the Day belongs to LGI Homes (LGIH).  I found the entry level home builder stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of at least 50.00+ and then again for a technical buy signal of 80% or better.  Since the Trend Spotter signaled a buy on 10/5 the stock gained 3.20%.

LGI Homes, Inc. is engaged in the design and construction of entry-level homes across Texas, Arizona, Florida and Georgia. The company focuses on converting renters of apartments and single-family homes into homeowners by offering homes at affordable locations. LGI Homes, Inc. is headquartered in The Woodlands, Texas.


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
  • 106.50+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 12.05% in the last month
  • Relative Strength Index 63.53%
  • Barchart computes a technical support level at 26.49
  • Recently traded at 30.37 with a 50 day moving average of 25.66
Fundamental factors:
  • Market Cap $604.67 million
  • P/E 15.83
  • Revenue expected to grow 55.10% this year and another 29.10% next year
  • Earnings estimated to increase at a rate of 70.70% this year, an additional 26.40% next year and continue to compound at an annual rate of 20.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy recommendations on the stock
  • The individual investors on Motley Fool voted 12 to 2 that the stock will beat the market
The 100 day moving average vs the price has been a reliable technical trading strategy for this stock.

Today's Best Mid Caps

Each day I used Barchart to screen for the best stocks in various categories and report which are the best 5 stocks.  My criteria is that the stocks must have a Weighted Alpha of at least 50.00+ and technical buy signals of 80% or better.  Today when I screened the S&P 400 Mid Cap Index stocks only 2 stocks made the grade:  Global Payments (GPN) and Tyler Technologies (TYL),

Global Payments (GPN)


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • 56.20+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 5.99% in the last month
  • Relative Strength Index 56.70%
  • Barchart com puts a technical support level at 114.44
  • Recently traded at 116.90 with a 50 day moving average of 113.22


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • 85.80+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 23.65% in the last month
  • Relative Strength Index 75.23%
  • Barchart computes a technical support level at 164.25
  • Recently traded at 168.82 with a 50 day moving average of 143.12








BARCHART MORNING CALL 10/6

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ15 -0.32%) are down -0.15% as prices consolidate following Monday's sharp rally to a 2-week high. European stocks are up +0.61% at a 2-week high after German Aug factory orders unexpectedly fell and bolstered speculation the ECB may expand monetary stimulus. Gains were limited as basic resource companies and energy producers fell after the price of copper and crude oil declined. Asian stocks settled mostly higher: Japan +1.00%, Hong Kong -0.10%, China closed for holiday, Taiwan +0.50%, Australia +0.33%, Singapore +1.62%, South Korea +0.92%, India +0.55%. Japan's Nikkei Stock Index rallied up to a 2-week high on the prospects for increased trade after Japan, the U.S. and other Pacific-rim countries that make up nearly 40% of the world economy finalized the Trans-Pacific Partnership agreement on Monday. If lawmakers in each country approve the accord, it will guarantee intellectual property rights for drugmakers and reduce tariffs on goods from food to cars and should boost the prospects for increase global trade.
The dollar index (DXY00 -0.23%) is down -0.20%. EUR/USD (^EURUSD) is up +0.25%. USD/JPY (^USDJPY) is down -0.08%.
Dec T-note prices (ZNZ15 +0.11%) are up +1 tick.
German Aug factory orders unexpectedly fell -1.8% m/m, weaker than expectations of +0.5% m/m. On an annual basis, Aug factory orders rose +1.9% y/y, weaker than expectations of +5.6% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Aug U.S. trade deficit (expected -$48.0 billion, Jul -$41.86 billion), (2) Kansas City Fed President Esther George's appearance as keynote speaker at “The Faster Payments Imperative: Transforming the Market” at an event in Chicago, (3) the Treasury's auction of $24 billion of 3-year T-notes, (4) San Francisco Fed President John Williams' speech to the Urban Land Institute, and (5) the IMF's release of its World Economic Outlook.
There are two of the Russell 2000 companies report earnings today: Pepsico (consensus $1.26), Yum Brands (1.06).
U.S. IPO's scheduled to price today: Pure Storage (PSIG), Aclaris Therapeutics (ACRS).
Equity conferences during the remainder of this week include: The China-Russia E-Commerce Summit on Mon, Oil & Money Conference on Tue, Barclays Select Series Biosimilars Symposium on Wed, Capital Link Shipping Marine Services and Offshore Forum on Wed, and Goldman Sachs EMEA Leveraged Finance Conference on Thu.


OVERNIGHT U.S. STOCK MOVERS
Comerica (CMA +1.61%) was cut to 'Neutral' from 'Overweight' at JPMorgan Chase.
Pepsico (PEP +1.75%) climbed nearly 3% in pre-market trading after it reported Q3 EPS of $1.35, higher than consensus of $1.26.
Greatbatch (GB -0.14%) lowered guidance on fiscal 2015 sales to $685 million-$695 million, weaker than consensus of $714.7 million.
DuPont (DD +4.10%) rose 4% in pre-market trading after the company said Edward Breen will replace Ellen Kullman as chairman and CEO.
PMC-Sierra (PMCS +3.50%) surged 32% in pre-market trading after Skywork Solutions agreed to buy the company for $2 billion.
Computer Sciences Corp. (CSC +1.39%) said it will acquire Australia's UXC for $428 million.
Haemonetics (HAE -2.17%) tumbled over 12% in after-hours trading after it lowered guidance on fiscal 2015 adjusted EPS to $1.65-$1.75 from a Jul projection of $1.98-$2.08, well below consensus of $2.02.
Petrobras (PBR +5.39%) said it will cut its 2015 operating expenses forecast to $29 billion from $30 billion and cut its 2016 operating expenses forecast to $21 billion from $27 billion.
Ruckus Wireless (RKUS +4.25%) climbed 4% in after-hours trading when it was announced the company will join the S&P Smallcap 600 Index as of the close of trading on Wednesday, October 7.
Regulus Therapeutics (RGLS +0.77%) surged over 20% in after-hours trading after it presented new data that demonstrated a favorable pre-clinical profile for its RG-012 drug in treatment of Alport syndrome, a life-threatening genetic kidney disease.
Ilumina (ILMN -0.27%) slumped over 15% in after-hours trading after it lowered guidance on Q3 revenue to $550 million, below consensus of $569.1 million, and also lowered guidance on its Q4 revenue estimate to $570 million, weaker than consensus of $603.2 million.
The Container Store Group (TCS +2.84%) fell 4% in after-hours trading after it reported Q2 adjusted EPS of 6 cents, below consensus of 7 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ15 -0.32%) this morning are down -3.00 points. Monday's closes: S&P 500 +1.83%, Dow Jones +1.85%, Nasdaq +1.50%. The S&P 500 on Monday climbed to a 2-week high and closed sharply higher on carryover support from Friday's weaker-than-expected U.S. Sep payrolls report that pushed back Fed interest rate increase expectations from this year into Q1 of 2016 at the earliest. In addition, basic-resource stocks and energy producers rallied as the price of copper and crude oil moved higher. Stocks were able to shake off the -2.1 point decline in the Sep ISM non-manufacturing PMI, which was weaker than expectations of -1.5 to 57.5.
Dec 10-year T-notes (ZNZ15 +0.11%) this morning are up +1 tick. Monday's closes: TYZ5 -16.50, FVZ5 -9.50. Dec T-notes on Monday closed lower on the rally in the S&P 500 to a 2-week high, which reduced the safe-haven demand for T-notes, and on an increase in inflation expectations after the 10-year T-note breakeven rate rose to a 1-week high.
The dollar index (DXY00 -0.23%) this morning is down -0.194 (-0.20%). EUR/USD (^EURUSD)is up +0.0028 (+0.25%). USD/JPY (^USDJPY) is down-0.10 (-0.08%). Monday's closes: Dollar Index +0.276 (+0.29%), EUR/USD -0.0020 (-0.25%), USD/JPY +0.55 (+0.46%). The dollar index on Monday closed higher on strength in USD/JPY after a rally in stocks reduced the safe-haven demand for the yen. In addition, EUR/USD saw weakness on the downward revision in the Eurozone Sep Markit composite PMI and the decline in Eurozone Oct Sentix investor confidence to a 9-month low, which bolstered speculation the ECB may expand stimulus.
Nov crude oil (CLX15 -0.69%) this morning is down -11 cents (-0.24%) and Nov gasoline (RBX15 -0.15%) is up (+0.36%). Monday's closes: CLX5 +0.72 (+1.58%), RBX5 +0.0441 (+3.29%). Nov crude oil and gasoline on Monday closed higher on last Friday's Baker Hughes report showing that the number of active U.S. oil rigs as of Oct 2 fell -26 to a 5-year low of 614 rigs. Crude oil also closed higher on the escalation of Middle Eastern hostilities after Russian fighter jets flew into Turkish airspace and Turkey warned it would protect its airspace "at any cost."
GLOBAL EVENT CALENDAR10/06/2015
US0830 ETAug trade balance expected -$48.0 billion, Jul -$41.86 billion.
0915 ETKansas City Fed President Esther George is keynote speaker at The Faster Payments Imperative: Transforming the Market at an event in Chicago.
1300 ETTreasury auctions $24 billion of 3-year T-notes.
1730 ETSan Francisco Fed President John Williams delivers an outlook speech to the Urban Land Institute.
n/aIMF releases its World Economic Outlook.
GER0200 ETGerman Aug factory orders expected +0.5% m/m and +5.6% y/y, Jul -1.4% m/m and -0.6% y/y.
UK0400 ETUK Sep new car registrations, Aug +9.6% y/y.
1901 ETUK Sep BRC shop price index, Aug -1.4% y/y.
EUR1300 ETECB President Mario Draghi speaks at an event organized by the ECB in Frankfurt.
U.S. STOCK CALENDAR10/06/2015

CompanyTickerTimeEvent DescriptionPeriodEstimate
PepsiCo IncPEP US6:30Q3 2015 Earnings ReleaseQ3 20151.263
PepsiCo IncPEP US8:00Q3 2015 Earnings CallQ3 2015
Premier IncPINC US9:00Investor DayY 2015
Microsoft CorpMSFT US10:00Special Media Event: Windows 10 Devices
Digital Realty Trust IncDLR US10:00Investor DayY 2015
Digital Realty Trust IncDLR US13:00Investor Day - Afternoon SessionY 2015
Adobe Systems IncADBE US17:00Analyst MeetingY 2015
Yum! Brands IncYUM USAft-mktQ3 2015 Earnings ReleaseQ3 20151.06
Altera CorpALTR US17:30Extraordinary Shareholders Meeting
McDonald's CorpMCD USMcDonald's Corp. Begins Offering All-Day Breakfast in U.S. Locations
Altera CorpALTR USSpecial Meeting - M&A Vote