General Communications - Chart of the Day 10/23

General Communications (GNCMA) is the Barchart Chart of the Day.  The diversified telephone company has  Trend Spotter buy signal, a Weighted Alpha of 70.70+ and gained 74.89% in the last year.


The Chart of the Day is General Communications (GNCMA).  I found the diversified telephone stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of at least 50.00+ then again for technical buy signals of 80% or better.  Since the Trend Spotter signaled a buy in 10/15 the stock gained 3.47%.

General Communication, Inc. is a diversified telecommunications provider with a leading position in facilities-based long distance service in the state of Alaska and, as a result of recent acquisitions, has become Alaska's leading cable television service provider. The Company seeks to become the first significant provider in Alaska of an integrated package of telecommunications and cable television services.

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
• 70.70+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 9.12% in the last month
• Relative Strength Index 70.96%
• Barchart computes a technical support level at 18.53
• Recently traded at 19.49 with a 50 day moving average of 17.42

Fundamental factors:

• Market Cap %768.10 million
• Revenue expected to grow 5.60% this year and another 6.10% next year
• Earnings estimated to decrease 305.60% this year but increase again by 391.90% next year and continue to compound at an annual rate of 16.00% for the next 5 years
• Wall Street analysts issued a hold recommendation for this stock

None of the usual technical trading strategies have been reliable on this stock so I suggest you use the 100 day moving average as a stop loss to protect your gains.

Hawaiian Holding - Chart of the Day 10/22

Hawaiian Holdings (HA) is the Barchart Chart of the Day.  The regional airline company has a Trend Spotter buy signal, a Weighted Alpha of 119.60+ and gained 114.50% in the last year.

The Chart of the Day belongs to Hawaiian Holdings (HA).  I found the regional airline stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of at least 50.00+, then again for technical buy signals of 80% or better.  Since the Trend Spotter signaled a buy on 9/11 the stock gained 28.88%.

Hawaiian Holdings is a holding company of Hawaiian Airlines. Hawaiian Airlines is the largest airline headquartered in Hawaii. They are engaged primarily in the scheduled transportation of passengers, cargo and mail. Scheduled passenger service consists of daily service between Hawaii and Las Vegas, Nevada and the four key United States West Coast gateway cities of Los Angeles and San Francisco, California, Seattle, Washington and Portland, Oregon; daily service among the major islands of Hawaii; and bi-weekly service to Pago Pago, American Samoa, Papeete and Tahiti.

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
• 119.60+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 27.68% in the last month
• Relative Strength Index 78.39%
• Barchart computes a technical support level at 27.96
• Recently traded at 32.08 with a 50 day moving average of 25.24

Fundamental factors:

• Market Cap $1.76 billion
• P/E 11.57
• Revenue expected to decline .20% this year but increase again by 4.10% next year
• Earnings estimated to increase 91.00% this year, an additional 6.80% next year and continue to compound at an annual rate of 29.30% for the next 5 years
• Wall Street analysts issued 2 strong buy, 2 buy, 3 hold and 2 under perform recommendations on the stock

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

Community One Bancorp - Chart of the Day 10/21

Community Bancorp (COB) is the Barchart Chart of the Day.  The southeastern commercial bank has a Trend Spotter buy signal, a Weighted Alpha of 55.60+ and gained 49.33% in the last year.

The Chart of the Day belongs to Community One Bancorp (COB),  I found the southeastern commercial bank stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of at least 50.00+, then again for technical buy signals of 80% or better.  Since the Trend Spotter signaled a buy on 9/24 the stock gained 24.84%.

CommunityOne Bancorp is a bank holding company. It offers personal and commercial banking services which include loans, deposits, cash management, wealth, mortgage and online banking to businesses, professionals and individuals. The company operates primarily in Alamance, Alexander, Ashe, Burke, Caldwell, Catawba, Chatham, Gaston, Guilford, Iredell, Mecklenburg, Montgomery, Moore, Orange, Randolph and Richmond, Rowan, Scotland, Watauga and Wilkes counties in North Carolina. CommunityOne Bancorp, formerly known as FNB United Corp., is based in Asheboro, United States.

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
• 55.60+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 25.30% in the last month
• Relative Strength Index 73.39%
• Barchart computes a technical support level at 12.88
• Recently traded at 13.47 with a 50 day moving average of 10.92

Fundamental factors:

• Market Cap $ 325.70 million
• P/E 24.33
• Revenue expected to grow 6.70% this year and another 8.60% next year
• Earnings estimated to decrease 6.80% this year but increase again by 26.80% next year and continue to compound at an annual rate of 8.00% for the next 5 years
• Wall Street analysts issued 1 buy and 1 hold recommendation on the stock
• The 50 Day Parabolic Time/Price indicator has been the most reliable technical trading strategy for this stock.

BARCHART MORNING CALL 10/21

BARCHART MORNING CALL

Wednesday, October 21st, 2015View Older Reports

Everything you need to know about the markets in one free daily newsletter.

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You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 +0.46%) are up +0.46% at a 2-month high and European stocks are up +0.65% on positive carryover from a rally in Japan's Nikkei Stock Index which climbed to a 6-week high on speculation the BOJ may need to expand QE after Japan exports last month grew at the slowest pace in over a year. Increased M&A activity also gave equities a boost after Lam Research agreed to buy KLA-Tencor Corp. for $10.6 billion. Strength in European stocks was limited as Credit Suisse fell over 5% after it said will sell 6.05 billion francs ($6.3 billion) in stock to boost capital and meet regulatory requirements. Asian stocks settled mixed: Japan +1.91%, Hong Kong closed for holiday, China -3.06%, Taiwan -0.51%, Australia +0.24%, Singapore +0.22%, South Korea +0.29%, India -0.07%. China's Shanghai Composite fell back from a 2-month high and closed down over 3% on speculation the recent rally was overdone.

The dollar index (DXY00 -0.05%) is down -0.09%. EUR/USD (^EURUSD) is up +0.12%. USD/JPY (^USDJPY) is up +0.13% at a 1-week high as speculation the BOJ may need to expand QE undercut the yen.

Dec T-note prices (ZNZ15 +0.10%) are up +5.5 ticks.

The Japan Sep trade balance was in deficit by -114.5 billion yen, when expectations were for a surplus of +87.0 billion yen. Sep exports rose +0.6% y/y, less than expectations of +3.8 % y/y and the smallest increase in 13 months. Sep imports fell -11.1% y/y, a smaller decline than expectations of -12.0% y/y, but still the biggest drop in 6 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -27.6% with purchase mortgage sub-index -34.1% and refi sub-index-22.5%), (2) Fed Governor Jerome Powell as moderator for a panel on “Repo Markets, Liquidity, and the U.S. Treasury Market” in an event hosted by the New York Fed.

There are 31 of the S&P 500 companies that report earnings today with notable reports including: GM (consensus $1.19), AMEX (1.31), Abbott Labs (0.53), Boeing (2.20), Coca-Cola (0.50), Northern Trust (0.96), Citrix (0.84), Texas Instruments (0.67), eBay (0.40), Kinder Morgan (0.18), Motorola Solutions (0.73).

U.S. IPO's scheduled to price today: Dimension Therapeutics (DMTX), Multi Packaging Solutions (MPSX).

Equity conferences today include: Private Wealth Latin America and The Caribbean Forum on Wed.

OVERNIGHT U.S. STOCK MOVERS

KLA-Tencor Corp. (KLAC +1.39%) surged 19% in pre-market trading after Lam Research agreed to buy the company for $10.6 billion.

Tupperware Brands (TUP +0.33%) reported Q3 adjusted EPS of 79 cents, better than consensus of 71 cents.

Coca-Cola (KO +0.71%) reported Q3 EPS of 51 cents, above consensus of 50 cents.

Twitter (TWTR unch) was downgraded to 'Underweight' from 'Equalweight' at Morgan Stanley.

Terex (TEX +5.13%) fell almost 5% in after-hours trading after it reported Q3 adjusted EPS of 58 cents, below consensus of 62 cents.

FMC Technologies (FTI +0.62%) reported Q3 adjusted EPS of 61 cents, better than consensus of 58 cents, although Q3 revenue of $1.55 billion was below consensus of $1.67 billion.

IRobot (IRBT +1.66%) fell over 5% in after-hours trading after it reported Q3 EPS of 42 cents, well above consensus of 23 cents, but then lowered guidance on fiscal 2015 sales to $610 million-$615 million from a previous forecast of $625 million-$635 million, below consensus of $628.4 million.

Discover Financial Services (DFS -0.49%) climbed nearly 1% in after-hours trading after it reported Q3 EPS of $1.38, higher than consensus of $1.33.

Chipotle Mexican Grill (CMG -1.81%) dropped over 8% in after-hours trading after it reported Q3 EPS of $4.59, less than consensus of $4.62.

Yahoo! (YHOO -2.00%) slid over 1% in after-hours trading after it reported Q3 adjusted EPS of 15 cents, weaker than consensus of 16 cents.

Rush Enterprises (RUSHA -1.21%) reported Q3 EPS of 48 cents, better than consensus of 47 cents.

Intuitive Surgical (ISRG -1.13%) jumped nearly 8% in after-hours trading after it reported Q3 adjusted EPS of $5.24, well above consensus of $4.22.

Pinnacle Financial (PNFP +2.21%) reported Q4 EPS of 66 cents, higher than consensus of 64 cents.

Packaging of America (PKG -1.20%) reported Q3 EPS of $1.26, below consensus of $1.28.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 +0.46%) this morning are up +9.25 points (+0.46%) at a fresh 2-month high. Tuesday's closes: S&P 500 -0.14%, Dow Jones-0.08%, Nasdaq -0.54%. The S&P 500 on Tuesday retreated from a 2-month high and closed lower on the unexpected -5.0% decline in U.S. Sep building permits to a 6-month low of 1.103 million and the reduced chances for an ECB QE expansion after the ECB's Bank Lending Survey said that Q3 credit standards eased for the sixth consecutive quarter. Stocks found support from the +1.14% rally in China's Shanghai Composite to a 1-3/4 month high and the +6.5% increase in U.S. Sep housing starts to 1.206 million, stronger than expectations of +1.4% to 1.142 million.

Dec 10-year T-notes (ZNZ15 +0.10%) this morning are up +5.5 ticks. Tuesday's closes: TYZ5 -13.00, FVZ5 -7.75. Dec T-notes on Tuesday fell to a 1-week low and closed lower on negative carryover from a slide in German bund prices to a 3-week low and on the stronger-than-expected U.S. Sep housing starts report.

The dollar index (DXY00 -0.05%) this morning is down -0.087 (-0.09%). EUR/USD (^EURUSD) is up +0.0014 (+0.12%). USD/JPY (^USDJPY) is up +0.15 (+0.13%) at a 1-week high. Tuesday's closes: Dollar Index -0.015 (-0.02%), EUR/USD +0.0019 (+0.17%), USD/JPY +0.34 (+0.28%). The dollar index on Tuesday closed lower on strength in EUR/USD after ECB Governing Council member Noyer said the ECB's current bond buying pace is "well calibrated," which signals he sees no need to expand QE, and after the ECB's Bank Lending Survey reported that Q3 credit standards on loans to companies eased for the sixth consecutive quarter.

Dec crude oil (CLZ15 -1.27%) this morning is down -58 cents (-1.25%) and Dec gasoline (RBZ15 -0.75%) is down -0.0083 (-0.64%). Tuesday's closes: CLZ5 -0.36 (-0.78%), RBZ5 +0.0132 (+1.04%). Dec crude oil and gasoline on Tuesday settled mixed. Gasoline prices found support from a weaker dollar and expectations that Wednesday's EIA report will show gasoline supplies fell -1.0 million bbl. Crude oil fell on expectations that Wednesday's weekly EIA report will show a +3.5 million bbl increase in crude inventories and a +500,000 bbl increase in Cushing crude oil stockpiles.

GLOBAL EVENT CALENDAR10/21/2015

US	0700 ET	Weekly MBA mortgage applications, previous -27.6% with purchase mortgage sub-index -34.1% and refi sub-index -22.5%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1330 ET	Fed Governor Jerome Powell moderates a panel on Repo Markets, Liquidity, and the U.S. Treasury Market in an event hosted by the New York Fed.
JPN	0030 ET	Japan Aug all-industry activity index expected -0.2% m/m, Jul +0.2% m/m.
UK	0430 ET	UK Sep public sector net borrowing expected +9.6 billion, Aug+11.3 billion pounds.

U.S. STOCK CALENDAR10/21/2015

Company	Ticker	Time	Event Description	Period	Estimate
Seagate Technology PLC	STX US	4:30	Annual General Meeting	Y 2015
Abbott Laboratories	ABT US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.534
Baker Hughes Inc	BHI US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	-0.135
Boeing Co/The	BA US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	2.197
Coca-Cola Co/The	KO US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.502
Interpublic Group of Cos Inc/The	IPG US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.252
Kimberly-Clark Corp	KMB US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.493
Thermo Fisher Scientific Inc	TMO US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.789
Biogen Inc	BIIB US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	3.766
Northern Trust Corp	NTRS US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.958
Amphenol Corp	APH US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.653
General Motors Co	GM US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.188
Nielsen Holdings PLC	NLSN US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.688
EMC Corp/MA	EMC US	7:00	Q3 2015 Earnings Release	Q3 2015	0.43
St Jude Medical Inc	STJ US	7:15	Q3 2015 Earnings Release	Q3 2015	0.97
Illinois Tool Works Inc	ITW US	8:00	Q3 2015 Earnings Release	Q3 2015	1.359
St Jude Medical Inc	STJ US	8:00	Q3 2015 Earnings Call	Q3 2015
Navient Corp	NAVI US	8:00	Q3 2015 Earnings Call	Q3 2015
Nielsen Holdings PLC	NLSN US	8:00	Q3 2015 Earnings Call	Q3 2015
EMC Corp/MA	EMC US	8:30	Q3 2015 Earnings Call	Q3 2015
Interpublic Group of Cos Inc/The	IPG US	8:30	Q3 2015 Earnings Call	Q3 2015
Thermo Fisher Scientific Inc	TMO US	8:30	Q3 2015 Earnings Call	Q3 2015
Biogen Inc	BIIB US	8:30	Q3 2015 Earnings Call	Q3 2015
ACE Ltd	ACE US	8:30	Q3 2015 Earnings Call	Q3 2015
Abbott Laboratories	ABT US	9:00	Q3 2015 Earnings Call	Q3 2015
FMC Technologies Inc	FTI US	9:00	Q3 2015 Earnings Call	Q3 2015
Coca-Cola Co/The	KO US	9:30	Q3 2015 Earnings Call	Q3 2015
Illinois Tool Works Inc	ITW US	10:00	Q3 2015 Earnings Call	Q3 2015
Kimberly-Clark Corp	KMB US	10:00	Q3 2015 Earnings Call	Q3 2015
General Motors Co	GM US	10:00	Q3 2015 Earnings Call	Q3 2015
Boeing Co/The	BA US	10:30	Q3 2015 Earnings Call	Q3 2015
Northern Trust Corp	NTRS US	12:00	Q3 2015 Earnings Call	Q3 2015
Amphenol Corp	APH US	13:00	Q3 2015 Earnings Call	Q3 2015
Citrix Systems Inc	CTXS US	16:05	Q3 2015 Earnings Release	Q3 2015	0.843
Robert Half International Inc	RHI US	16:15	Q3 2015 Earnings Release	Q3 2015	0.731
Texas Instruments Inc	TXN US	16:30	Q3 2015 Earnings Release	Q3 2015	0.674
Kinder Morgan Inc/DE	KMI US	16:30	Q3 2015 Earnings Call	Q3 2015
Citrix Systems Inc	CTXS US	16:45	Q3 2015 Earnings Call	Q3 2015
American Express Co	AXP US	17:00	Q3 2015 Earnings Call	Q3 2015
CA Inc	CA US	17:00	Q2 2016 Earnings Call	Q2 2016
Robert Half International Inc	RHI US	17:00	Q3 2015 Earnings Call	Q3 2015
Lam Research Corp	LRCX US	17:00	Q1 2016 Earnings Call	C3 2016
Tractor Supply Co	TSCO US	17:00	Q3 2015 Earnings Call	Q3 2015
SanDisk Corp	SNDK US	17:00	Q3 2015 Earnings Call	Q3 2015
eBay Inc	EBAY US	17:00	Q3 2015 Earnings Call	Q3 2015
American Express Co	AXP US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	1.311
CA Inc	CA US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.558
Equifax Inc	EFX US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	1.097
Lam Research Corp	LRCX US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	1.719
Tractor Supply Co	TSCO US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.627
SanDisk Corp	SNDK US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.798
SL Green Realty Corp	SLG US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	1.567
United Rentals Inc	URI US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	2.355
Crown Castle International Corp	CCI US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	1.046
eBay Inc	EBAY US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.401
Ameriprise Financial Inc	AMP US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	2.287
Kinder Morgan Inc/DE	KMI US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.182
Texas Instruments Inc	TXN US	17:30	Q3 2015 Earnings Call	Q3 2015
Motorola Solutions Inc	MSI US		Q3 2015 Earnings Release	Q3 2015	0.725

Sabre Corp - Chart of the Day

Sabre Corp (SABR) is the Barchart Chart of the Day.  The Internet software company has a Trend Spotter buy signal, a Weighted Alpha of 74.20+ and gained 87.45% in the last year.

The Chart of the Day belongs to Sabre Corp (SABR).  I found the Internet software stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of higher than 50.00+ then again for technical buy signals above 80%.  Since the Trend Spotter signaled a buy on 10/7 the stock gained 4.72%.

Sabre Corporation engages in providing technology solutions to the global travel and tourism industry. The company operates four brands/businesses: Sabre Airline Solutions (R), Sabre Hospitality Solutions (R), Sabre Travel Network (R) and Travelocity (R). Its software, data, mobile and distribution solutions are used by airlines hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre Corporation is headquartered in Southlake, 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
• 74.20+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 6.16% in the last month
• Relative Strength Index 67.63%
• Barchart computes a technical support level at 29.05
• Recently traded at 30.2 with a 50 day moving average of 28.19

Fundamental factors:

• Market Cap $8.20 billion
• P/E 31.14
• Dividend yield 1.22%
• Revenue expected to grow 14..40% this year and another 12.70% next year
• Earnings estimated to increase 1.40% this year, an additional 7.60% next year and continue to compound at an annual rate of 3.95% for the next 5 years
• Wall Street analysts issued 3 strong buy, 4 buy and 7 hold recommendations on the stock

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

Some Penny Stocks

This week I added some penny stocks that came up on my screeners to the Barchart Van Meerten Speculative portfolio.  Added were Federal National Mortgage Association (FNMFN), Telkonet (TKOI), Just Energy Group (JE) , First Reliance Bank of SC (FSRL) and Online Vacation Center (ONVC).

Federal National Mortgage Association (FNMFN)

Barchart technical indicators:

• 72% Barchart technical buy signals
• 40.03+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 6.48% in the last month
• Relative Strength Index 54.57%
• Barchart computes a technical support level at 8.9876
• Recently traded at 9.2000 with a 50 day moving average of 8.7216

Telkonet (TKOI)

Barchart technical indicators:

• 40% Barchart technical buy signals
• 54.41+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 12.21% in the last month
• Relative Strength Index 56.82%
• Barchart computes a technical support level at .2379
• Recently traded at .2637 with a 50 day moving average of .2360

Just Energy Group (JE)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 63.00+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 23.52% in the last month
• Relative Strength Index 69.88%
• Barchart computes a technical support level at 7.00
• Recently traded at 7.32 with a 50 day moving average of 6.13

First Reliance Bank of SC (FSRL)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 71.90+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 7.29% in the last month
• Relative Strength Index 68.75%
• Barchart computes a technical support leve at 5.1500
• Recently traded at 5.1500 with a 50 day moving average of 4.6512

Online Vacation Center (ONVC)

Barchart technical indicators:

• 56% Barhart technical buy signals
• 69.71+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 34.41% in the last month
• Relative Strength Index 56.97%
• Barchart computes a technical support level at .9433
• Recently traded at 1.2500 with a 50 day moving average of 1.1003

BARCHART MORNING CALL 10/20

BARCHART MORNING CALL

Tuesday, October 20th, 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 -0.21%) are down -0.31% and European stocks are down -0.85% on reduced chances of additional easing from the ECB after the ECB's lending survey showed that credit standards on loans to companies eased for the sixth consecutive quarter. Also, weakness is IBM, which is down -4.5% in pre-market trading, is undercutting stocks after it lowered its full-year profit forecast after Q3 revenue missed estimates. Mining companies and raw-material stocks are lower as well after the price of copper (HGZ15 -0.30%) fell to a 1-week low. Asian stocks settled mixed: Japan +0.42%, Hong Kong -0.37%, China +1.14%, Taiwan +0.26%, Australia -0.65%, Singapore -0.18%, South Korea +0.43%, India -0.21%. China's Shanghai Composite rose to a 1-3/4 month high as a rally in small-cap stocks led the overall market higher on speculation the government will boost stimulus in the technology industry to offset the faltering industrial sector.

The dollar index (DXY00 -0.31%) is down -0.31%. EUR/USD (^EURUSD) is up +0.45%. USD/JPY (^USDJPY) is up +0.11%.

Dec T-note prices (ZNZ15 -0.15%) are down -6 ticks on negative carryover from a slide in German bund prices after strength in the ECB's Bank Lending Survey curbed speculation the ECB will expand QE.

The ECB said Q3 credit standards on loans to companies eased for the sixth consecutive quarter, according to the ECB's Bank Lending Survey. The survey showed 40% of banks said they used the extra liquidity from the ECB's QE program to lend to companies, while 14% increased mortgages and 36% expanded consumer credit and other loans to households.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Sep housing starts (expected +1.4% to 1.142 million, Aug -3.0% to 1.126 million), (2) introductory remarks by Fed Governor Jerome Powell and New York Fed President William Dudley at a conference on bond market liquidity, and (3) Fed Chair Janet Yellen's welcoming remarks at a Labor Hall of Honor Induction Ceremony.

There are 22 of the S&P 500 companies that report earnings today with notable reports including: Yahoo (consensus $0.16), Bank of New York Mellon (0.71), Fifth Third Bancorp (0.40), Verizon (1.02), Chipotle (4.62), Discover Financial Services (1.33), Navient (0.48).

U.S. IPO's scheduled to price today: Ferrari (RACE).

Equity conferences today include: Private Wealth Latin America and The Caribbean Forum on Wed.

OVERNIGHT U.S. STOCK MOVERS

International Business Machines (IBM -0.78%) fell nearly 5% in pre-market trading after it reported Q3 adjusted EPS of $3.34, above consensus of $3.30, but then lowered guidance for fiscal 2015 EPS to $15.25, plus or minus 50 cents, below consensus of $15.68.

Fifth Third Bancorp (FITB +0.11%) reported Q3 EPS of 39 cents, below consensus of 40 cents.

Harley Davidson (HOG +1.16%) reported Q3 EPS of 69 cents, weaker than consensus of 78 cents.

The Travelers Cos. (TRV +0.40%) reported Q3 EPS of $2.93, higher than consensus of $2.26.

Omnicom Group (OMC +0.07%) reported Q3 EPS of 97 cents, better than consensus of 95 cents.

Wolverine World Wide (WWW -0.25%) reported Q3 EPS of 48 cents, right on consensus, but then lowered guidance on fiscal 2015 EPS to $144-$1.47 from a February estimate of $1.53-$1.60, below consensus of $1.47.

The Fresh Market (TFM +3.51%) was raised to 'Neutral' from 'Underperform' at Credit Suisse.

Hexcel (HXL +0.07%) fell over 4% in after-hours trading after it reported Q3 EPS of 55 cents, weaker than consensus of 59 cents, and then lowered guidance on fiscal 2015 EPS to $2.28-$2.34, below consensus of $2.43.

SanDisk (SNDK +2.90%) jumped over 8% in after-hours trading after people with knowledge of the matter said SanDisk is in advanced talks to sell itself to Western Digital Corp.

Ctrip.com (CTRIP) climbed nearly 2% in after-hours trading after Priceline Group raised its stake in the company to 12.63%.

Rambus (RMBS +0.87%) sank nearly 15% in after-hours trading after it reported Q3 EPS of 14 cents, right on consensus, but then lowered guidance on Q4 revenue to $71 million -$77 million, below consensus of $83.4 million.

Sonic Corp. (SONC +1.99%) rose 5% in after-hours trading after it reported Q4 EPS of 43 cents, better than consensus of 42 cents, and raised guidance for fiscal year 2016 EPS growth to 16% to 20% per share, higher than a previous outlook of 14% to 18% growth.

Flexatronic International (FLEX -0.80%) rose 6% in after-hours trading after it reported Q2 EPS of 27 cents, higher than consensus of 25 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 -0.21%) this morning are down -6.25 points (-0.31%). Monday's closes: S&P 500 +0.03%, Dow Jones +0.08%, Nasdaq +0.53%. The S&P 500 on Monday closed slightly higher on reduced Chinese economic concerns after the China Q3 GDP report of +6.9% y/y was slightly stronger than expectations of +6.8% y/y. In addition, the U.S. Oct NAHB housing market index showed a larger than-expected gain to a new 10-year high of 64. Meanwhile, bank stocks were undercut by disappointing earnings from Morgan Stanley and by weakness in energy producers after crude oil fell by over-3%.

Dec 10-year T-notes (ZNZ15 -0.15%) this morning are down -6 ticks. Monday's closes: TYZ5 -2.00, FVZ5 +1.00. Dec T-notes on Monday closed slightly lower on increased worries about a Fed tightening after the stronger-than-expected Chinese Q3 GDP of +6.9% and the larger-than-expected increase in the Oct NAHB housing market index to a 10-year high.

The dollar index (DXY00 -0.31%) this morning is down -0.293 (-0.31%). EUR/USD (^EURUSD) is up +0.0051 (+0.45%). USD/JPY (^USDJPY) is up +0.13 (+0.11%). Monday's closes: Dollar Index +0.388 (+0.41%), EUR/USD -0.0021 (-0.19%), USD/JPY +0.06 (+0.05%). The dollar index on Monday rose to a 1-week high and closed higher on the slightly increased chances for a Fed rate hike after the stronger-than-expected U.S. Oct NAHB housing market index report to a 10-year high. In addition, EUR/USD fell to a 1-week low on speculation that ECB President Draghi will consider expanding QE when the ECB meets on Thursday.

Dec crude oil (CLZ15 +0.19%) this morning is down -1 cent (-0.02%) and Dec gasoline (RBZ15 +0.31%) is down -0.0006 (-0.05%). Monday's closes: CLZ5-1.44 (-3.02%), RBZ5 -0.0538 (-4.03%). Dec crude oil and gasoline prices on Monday closed lower with Dec gasoline at a 1-1/2 month low. Crude oil and gasoline prices were undercut by the rally in the dollar index to a 1-week high and the decline in Q3 China GDP to a 6-1/2 year low of +6.9% y/y. In addition, the market is expecting Wednesday's weekly EIA report to show a +500,000 bbl increase in Cushing crude oil inventories.

GLOBAL EVENT CALENDAR10/20/2015

US	0830 ET	Sep housing starts expected +1.4% to 1.142 million, Aug -3.0% to 1.126 million. Sep building permits expected unch at 1.170 million, Aug +3.5% to 1.170 million.
	0900 ET	Fed Governor Jerome Powell and New York Fed President William Dudley give introductory remarks at a conference on bond market liquidity.
	1100 ET	Fed Chair Janet Yellen delivers welcoming remarks at a Labor Hall of Honor Induction Ceremony.
GER	0200 ET	German Sep PPI expected -0.2% m/m and -1.8% y/y, Aug -0.5% m/m and -1.7% y/y.
JPN	0130 ET	Japan Sep nationwide department store sales, Aug +2.7% y/y.
	0200 ET	Revised Japan Sep machine tool orders, previous -19.1% y/y.
	1950 ET	Japan Sep trade balance expected +87.0 billion yen, Aug -569.4 billion yen. Sep exports expected +3.8% y/y, Aug +3.1% y/y. Sep imports expected -11.9% y/y, Aug -3.1% y/y.
EUR	0400 ET	Eurozone Aug current account, Jul +33.8 billion euros (nsa).

U.S. STOCK CALENDAR10/20/2015

Company	Ticker	Time	Event Description	Period	Estimate
TEGNA Inc	TGNA US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.356
Harley-Davidson Inc	HOG US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.783
United Technologies Corp	UTX US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.544
Pentair PLC	PNR US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.958
Lockheed Martin Corp	LMT US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	2.717
Prologis Inc	PLD US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.578
Regions Financial Corp	RF US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.196
Bank of New York Mellon Corp/The	BK US	6:30	Q3 2015 Earnings Release	Q3 2015	0.712
Fifth Third Bancorp	FITB US	6:30	Q3 2015 Earnings Release	Q3 2015	0.4
Travelers Cos Inc/The	TRV US	6:57	Q3 2015 Earnings Release	Q3 2015	2.262
Dover Corp	DOV US	7:00	Q3 2015 Earnings Release	Q3 2015	1.066
Omnicom Group Inc	OMC US	7:00	Q3 2015 Earnings Release	Q3 2015	0.951
Verizon Communications Inc	VZ US	7:30	Q3 2015 Earnings Release	Q3 2015	1.022
Bank of New York Mellon Corp/The	BK US	8:00	Q3 2015 Earnings Call	Q3 2015
Verizon Communications Inc	VZ US	8:30	Q3 2015 Earnings Call	Q3 2015
Omnicom Group Inc	OMC US	8:30	Q3 2015 Earnings Call	Q3 2015
United Technologies Corp	UTX US	8:30	Q3 2015 Earnings Call	Q3 2015
Harley-Davidson Inc	HOG US	9:00	Q3 2015 Earnings Call	Q3 2015
Travelers Cos Inc/The	TRV US	9:00	Q3 2015 Earnings Call	Q3 2015
Fifth Third Bancorp	FITB US	9:00	Q3 2015 Earnings Call	Q3 2015
Pentair PLC	PNR US	9:00	Q3 2015 Earnings Call	Q3 2015
Dover Corp	DOV US	10:00	Q3 2015 Earnings Call	Q3 2015
TEGNA Inc	TGNA US	10:00	Q3 2015 Earnings Call	Q3 2015
JM Smucker Co/The	SJM US	10:00	Investor Day	Y 2015
Lockheed Martin Corp	LMT US	11:00	Q3 2015 Earnings Call	Q3 2015
Regions Financial Corp	RF US	11:00	Q3 2015 Earnings Call	Q3 2015
Prologis Inc	PLD US	12:00	Q3 2015 Earnings Call	Q3 2015
Chipotle Mexican Grill Inc	CMG US	16:00	Q3 2015 Earnings Release	Q3 2015	4.624
Yahoo! Inc	YHOO US	16:05	Q3 2015 Earnings Release	Q3 2015	0.159
Intuitive Surgical Inc	ISRG US	16:05	Q3 2015 Earnings Release	Q3 2015	4.221
Discover Financial Services	DFS US	16:05	Q3 2015 Earnings Release	Q3 2015	1.325
Intuitive Surgical Inc	ISRG US	16:30	Q3 2015 Earnings Call	Q3 2015
Chipotle Mexican Grill Inc	CMG US	16:30	Q3 2015 Earnings Call	Q3 2015
Yahoo! Inc	YHOO US	17:00	Q3 2015 Earnings Call	Q3 2015
Discover Financial Services	DFS US	17:00	Q3 2015 Earnings Call	Q3 2015
Chubb Corp/The	CB US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	2.014
ACE Ltd	ACE US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	2.368
FMC Technologies Inc	FTI US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.579
Navient Corp	NAVI US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.476
Sigma-Aldrich Corp	SIAL US		Q3 2015 Earnings Release	Q3 2015	1.055

Concert Pharmaceuticals - Chart of the Day

Concert Pharmaceuticals (CNCE) is the Barchart Chart of the Day.   The biopharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 96.70+ and gained 78.89% in the last year.

The Chart of the Day belongs to Concert Pharmaceutical (CNCE).  I found the biopharmaceutical stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha above 50.00+ then again for technical buy signals of 80% or better.  Since the Trend Spotter signaled a buy on 9/9 the stock gained 33.80%.

Concert Pharmaceuticals Inc. is a biopharmaceutical company. It is focused on applying its DCE Platform (R) to create novel small molecule drugs. The Company manufactures drugs in various therapeutic areas such as hot flashes, HIV, renal hepatic, neuropathic pain, MRSA infection, and schizophrenia, multiple tumors, and hyperparathyroidism. Concert Pharmaceuticals Inc. is based in United States.

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
• 96.70+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 20.00% in the last month
• Relative Strength Index 65.63
• Barchart computes a technical support level at 21.61
• Recently traded at 24.13 with a 50 day moving average of 18.40

Fundamental factors:

• Market Cap $524.10 million
• Revenue expected to increase 716.00% this year but decrease by 73.30% next year
• Earnings estimated to increase 152.50% this year but decrease by 237.10% next year
• In spite of these erratic projections Wall Street analysts have 4 strong buy recommendations in place
• The individual investors on Motley Fool voted 15 to 0 that the stock will beat the market

The 50-100 Day MACD Oscillator has been the most effective technical trading strategy for this stock