John Hancock Premium Dividend Fund - Chart of the Day

The John Hancock Premium Dividend Fund (PDT) is the Barchart Chart of the Day. The closed end income fund has a Trend Spotter buy signal, a Weighted Alpha of 14.20+, gained 8.23% in the last year and paid a 7.01% dividend.


The Chart of the Day belongs to The John Hancock Premium Dividend Fund (PDT).  I found the closed end income fund by using Barchart to sort the All Time High list first for the most frequent new highs in the last month, then again for technical buy signals above 80%.  I used the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 1/27 the stock gained 11.71%.

The Fund is a closed-end, diversified management investment company whose investment objective is to provide high current income, consistent with modest growth of capital.

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% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 5.31% in the last month
• Relative Strength Index 67.85%
• Technical support level at 15.09
• Recently traded at 15.26 with a 50 day moving average of 14.42

Fundamental factors:

• Market Cap $755.68 million
• Dividend Yield 7.01%
• Although not followed by Wall Street Morningstar give the fund a 5 star rating
• The readers of Motley Fool voted 21 to 2 for the fund to out perform the market

McDonalds - Chart of the Day

McDonalds (MCD) is the Barchart Chart of the Day.  The fast food restaurant chain has a Trend Spotter buy signal, a Weighted Alpha of 35.30+ , gained 32.87% in the last year plus paid a 2.79% dividend.


The Chart of the Day belongs to McDonalds (MCD).  I found the mega fast food stock by using Barchart to sort the All Time High list first for the most frequent new highs in the last month. then for technical buy signals above 80%,  Next I used the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 3/9 the stock gained 7.10%.

McDonald's Corporation develops, operates, franchises and services a worldwide system of restaurants that prepare, assemble, package and sell a limited menu of value-priced foods. The company operates primarily in the quick-service hamburger restaurant business. All restaurants are operated by the company or, under the terms of franchise arrangements, by franchisees who are independent third parties, or by affiliates operating under joint-venture agreements between the company and local business people.

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% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 9.28% in the last month
• Relative Strength Index 74.69%
• Technical support level at 126.50
• Recently traded at 128.03 with a 50 day moving average of 121.01

Fundamental factors:

• Market Cap $117.57 billion
• P/E 25.27
• Dividend yield 2.79%
• Revenue expected to decrease 5.00% this year and another 6.00% next year
• Earnings are estimated to increase 8.60% this year, an additional 11.80% next year and continue to compound at an annual rate of 9.70% for the next 5 years
• Wall Street analysts issued 6 strong buy, 9 buy 14 hold, and 2 under perform recommendations on the stock

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

MORNING CALL 4/7

MORNING CALL

Thursday, April 7th, 2016View 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

Jun E-mini S&Ps (ESM16 -0.61%) are down -0.51% and European stocks are down -0.51%. Energy producers are lower with crude oil down -0.19%, and Fiat Chrysler Automobiles NV is down nearly 3% in pre-market trading and is leading automaker stocks lower after it said it is indefinitely laying off 1,300 employees at a Michigan factory. Cautious comments from ECB President Draghi undercut stocks as well when he said "We face uncertainty about the outlook for the global economy." Concern over the global outlook pushed raw material producing stocks lower as well as the price of copper dropped -2.08% to a 1-month low. Asian stocks settled mixed: Japan +0.22%, Hong Kong +0.29%, China -1.38%, Taiwan -0.27%, Australia +0.37%, Singapore +0.08%, South Korea +0.12%, India -0.86%. Japanese stocks closed higher, despite a fall in USD/JPY to a fresh 17-month low, after the Mar 15-16 FOMC meeting minutes showed the Fed won't rush to raise interest rates.

The dollar index (DXY00 -0.13%) is down -0.01% at a fresh 5-1/2 month low. EUR/USD (^EURUSD) is down -0.16% and fell back from a 5-1/2 month high on speculation the ECB may expand stimulus measures after ECB President Draghi said that policy makers won't "surrender" to excessively low price growth. USD/JPY (^USDJPY)is down -1.37% at a fresh 17-month low.

Jun T-note prices (ZNM16 +0.17%) are up +6.5 ticks.

ECB President Draghi said that policy makers won't "surrender" to excessively low price growth. "We face uncertainty about the outlook for the global economy, continued disinflationary forces, and we face questions about the direction of and its resilience to new shocks."

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected -6,000 to 270,000, previous +11,000 to 276,000) and continuing claims (expected -3,000 to 2.170 million, previous -7,000 to 2.173 million), (2) Feb consumer credit (expected +14.9 billion, Jan +$10.538 billion), (3) Fed Chair Yellen's participation in a discussion with former Fed chiefs Ben Bernanke, Alan Greenspan and Paul Volker, and (4) Kansas City Fed President Esther George's speech about the U.S. economy at an event in York, NE.

There are 3 of the Russell 1000 companies that report earnings today: CarMax (consensus $0.71), Rite Aid (0.06), ConAgra Foods (0.55).

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

Equity conferences during the remainder of this week include: Cowen & Co Retail & Luxury Day on Thu

OVERNIGHT U.S. STOCK MOVERS

Fiat Chrysler Automobiles NV (FCAU -1.36%) is down nearly 3% in pre-market trading after Reuters reported that it is indefinitely laying off 1,300 employees at a Michigan factory.

Verizon Communications (VZ -1.05%) was downgraded to 'Hold' from 'Buy' at Jeffries.

Wynn Resorts Ltd (WYNN -1.51%) ws upgraded to 'Outperform' from 'Market Perform' at Telsey Advisory Group.

Valeant Pharmaceuticals International (VRX +18.93%) rose nearly 4% in after-hours trading after it won support from a majority its lenders to waive a default and ease some restrictions on its $32 billion debt load.

Harley-Davidson (HOG -7.02%) was downgraded to 'Market Perform' from 'Outperform' at William Blair & Co.

Intercept Pharmaceuticals (ICPT +8.27%) gained almost 1% in after-hours trading after it was initiated with an 'Outperform' at BMO Capital Markets.

Ebay (EBAY -0.59%) fell over 1% in after-hours trading after it reported March same-store-sales fell -0.2%, a decline from February's +9.5% increase.

Bed Bath & Beyond (BBBY -0.51%) rallied over 3% in after-hours trading after it reported Q4 comparable sales rose +1.7%, more than double consensus of +0.8%.

Apollo Education (APOL +0.12%) slid over 2% in after-hours trading after it reported a Q2 adjusted EPS loss of -31 cents continuing operations, a much wider loss than consensus of -10 cents, and said it will not provide future guidance at this time.

Terex (TEX +1.82%) jumped over 3% in after-hours trading after Reuters reported that Zoomlion Heavy Industry Science and Technology told Terex that it will cover the risk of its acquisition of Terex being approved by Chinese authorities.

Alder Biopharmaceuticals (ALDR +7.06%) dropped over 4% in after-hours trading after it began a $100 million secondary offering of stock.

Sprint (S +2.57%) climbed over 2% in after-hours trading after it said it agreed to sell and lease back network assets to generate $2.2 billion in funding to cushion its liquidity position.

Apogee Enterprises (APOG +3.22%) rose almost 5% in after-hours trading after it reported Q3 EPS of 69 cents, higher than consensus of 64 cents.

Ollie's Bargain Outlet Holdings (OLLI +0.93%) gained almost 6% in after-hours trading after it raised guidance on full-year adjusted EPS to 83 cents-85cents, above consensus of 76 cents.

MARKET COMMENTS

June E-mini S&Ps (ESM16 -0.61%) this morning are down -10.50 points (-0.51%). Wednesday's closes: S&P 500 +1.05%, Dow Jones +0.64%, Nasdaq +1.63%. The S&P 500 on Wednesday closed higher on strength in energy producer stocks as crude oil rallied by more than 5%. Stocks also received a boost from upbeat comments from Cleveland Fed President Mester who said that U.S. economic fundamentals "remain sound" despite "gyrations" in financial markets earlier this year.

June 10-year T-note prices (ZNM16 +0.17%) this morning are up +6.5 ticks. Wednesday's closes: TYM6 -4.50, FVM6 -2.25. Jun T-notes on Wednesday closed lower on reduced safe-haven demand as stocks rallied and on the minutes from the Mar 15-16 FOMC meeting stating that some participants indicated that an increase in the federal funds rate target at the Apr 26-27 meeting "might well be warranted" if economic data comes in as expected.

The dollar index (DXY00 -0.13%) this morning down -0.009 (-0.01%) at a fresh 5-1/2 month low. EUR/USD (^EURUSD) is down -0.0018 (-0.16%). USD/JPY (^USDJPY) is down -1.50 (-1.37%) at a new 17-month low. Wednesday's closes: Dollar Index -0.201 (-0.21%), EUR/USD +0.0015 (+0.13%), USD/JPY -0.55 (-0.50%). The dollar index on Wednesday fell to a 5-1/2 month low and closed lower on the slump in USD/JPY to a 17-month low and on the stronger-than-expected German Feb industrial production report, which was positive for EUR/USD.

May WTI crude oil (CLK16 +0.03%) is down -7 cents (-0.19%). May gasoline (RBK16 +0.42%) is up +0.0048 (+0.34%). Wednesday's closes: CLK6 +1.86 (+5.18%), RBK6 +0.0169 (+1.23%). May crude and gasoline on Wednesday closed higher on the unexpected -4.94 million bbl decline in weekly EIA crude inventories (vs. expectations of +3.0 million bbl) and on the -0.2% decline in U.S. crude production to a 16-1/2 month low of 9.008 million bpd. Gasoline prices were undercut by the +1.44 million bbl rise in EIA gasoline inventories versus expectations for a -1.0 million bbl draw.

GLOBAL EVENT CALENDAR04/07/2016

US	0830 ET	Weekly initial unemployment claims expected -6,000 to 270,000, previous +11,000 to 276,000. Weekly continuing claims expected-3,000 to 2.170 million, previous -7,000 to 2.173 million.
	0830 ET	USDA weekly Export Sales.
	1100 ET	Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion and 30-year T-bonds (previous $12 billion) to be auctioned Apr 12-14.
	1500 ET	Feb consumer credit expected +14.9 billion, Jan +$10.538 billion.
	1730 ET	Fed Chair Yellen takes part in a discussion with former Fed chiefs, Ben Bernanke, Alan Greenspan and Paul Volker.
	2115 ET	Kansas City Fed President Esther George speaks about the U.S. economy at an event in York, NE.
EUR	0300 ET	ECB Vice President Vitor Constancio presents the ECBs Annual Report 2015 at the Economic Committee of the European Parliament in Brussels.
	n/a	ECB President Draghi will make a presentation about the economic and financial situation in Europe at a meeting of the Portuguese Presidents Council in Lisbon.
UK	0330 ET	UK Mar Halifax house prices expected +0.9% m/m and +9.5% y/y, Feb -1.4% m/m and +9.7% 3-months y/y.
	0430 ET	UK Q4 unit labor costs expected +1.9% y/y, Q3 +1.9% y/y.

U.S. STOCK CALENDAR04/07/2016

Company	Ticker	Time	Event Description	Period	Estimate
CarMax Inc	KMX US	Bef-mkt	Q4 2016 Earnings Release	Q4 2016	0.708
Rite Aid Corp	RAD US	7:00	Q4 2016 Earnings Release	Q4 2016	0.062
ConAgra Foods Inc	CAG US	7:30	Q3 2016 Earnings Release	Q3 2016	0.547
L Brands Inc	LB US	7:30	March 2016 Sales and Revenue Call	2016
CarMax Inc	KMX US	9:00	Q4 2016 Earnings Call	Q4 2016
ConAgra Foods Inc	CAG US	9:30	Q3 2016 Earnings Call	Q3 2016
Brocade Communications Systems Inc	BRCD US	14:30	Annual General Meeting
Gap Inc/The	GPS US	16:15	March 2016 Sales and Revenue Release	2016
L Brands Inc	LB US		March 2016 Sales and Revenue Release	2016

Seritage Growth Properties - Chart of the Day

Seritage Growth Properties (SRG) is the Barchart Chart of the Day. The REIT has a Trend Spotter buy signal, a Weighted Alpha of 49.60+ and gained 39.95% in the last year.

The Chart of the Day belongs to Seritage Growth Properties (SRG).  I found the REIT by using Barchart to sort the All Time High list first for the most frequent new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 2/17 the stock gained 25.20%.

Seritage Growth Properties is a self-administered, self-managed REIT primarily engaged in the real property business through its operating partnership, Seritage Growth Properties, L.P. Seritage Growth Properties is based in Hoffman Estates, 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:

• 96% technical buy signals
• Trend Spotter buy  signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 21.79% in the last month
• Relative Strength Index 75.34%
• Technical support level at 50.11
• Recently traded at 51.76 with a 50 day moving average of  43.08

Fundamental factors:

• Market Cap $1.29 billion
• Dividend yield .97%
• Wall Street analysts haven;t found the stock yet but the readers of Motley Fool voted 8 to 1 for the stock to beat the market

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

5 Large Caps for Momentum Investors

Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find stocks with current momentum.  First, I sorted for the most frequent new highs in the last month, then I used the Flipchart feature to review the chart for consistency.  The additions to the watch list are:

Scana (SCG), Pinnacle West Capital (PNW), Stericycle (SRCL), Accenture (ACN), and McDonalds (MCD)

Scana (SCG)

Barchart technical indicators:

• 72% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 5.69% in the last month
• Relative Strength Index 62.35%
• Technical support level at 68.76
• Recently traded at 69.65 with a 50 day moving average of 66.28

Pinnacle West Capital (PNW)

Barchart technical indicators:

• 56% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 7.04% in the last month
• Relative Strength Index 60.57%
• Technical support level at 73.41
• Recently traded at 73.88 with a 50 day moving average of 70.18

Stericycle (SRCL)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 10.41% in the last month
• Relative Strength Index 72.58%
• Technical support level at 125.61
• Reenlty traded at 126.75 with a 50 day moving average of 116.96

Accenture (ACN)

Barchart technical indicators:

• 56% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 11.17% in the last month
• Relative  Strength Index 69.98%
• Technical support level at 113.14
• Recently traded at 114.50 with a 50 day moving average of 104.38

McDonalds (MCD)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 8.71% in the last month
• Relative Strength Index 72.71%
• Technical support level at 125.79
• Recently traded at 127.06 with a 50 day moving average of 120.85

MORNING CALL 4/6

MORNING CALL

Wednesday, April 6th, 2016View 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 Jun E-mini S&Ps (ESM16 +0.18%) are up +0.18% and European stocks are up +0.10% as energy producing stocks are higher with a +2.90% rally in crude oil. Crude oil shot higher late yesterday after the API reported that weekly U.S. crude supplies fell -4.3 million bbl. Also, a 2% gain in Cisco Systems in pre-market trading is giving technology stocks a lift after J.P. Morgan Chase raised its recommendation on the stock to neutral from underweight. European stocks also received a boost after German Feb industrial production fell less than expected. Weakness in drug companies tempered stock index gains after Pfizer decided to terminate its $160 billion merger with Allergan Plc. Asian stocks settled mixed: Japan -0.11%, Hong Kong +0.15%, China -0.08%, Taiwan -1.67%, Australia +0.44%, Singapore +0.37%, South Korea +0.59%, India +0.07%. Japan's Nikkei Stock Index dropped to a 1-1/2 month low as a rally in the yen to a 17-month high against the dollar fueled a sell-off in exporter stocks. The dollar index (DXY00 +0.29%) is up +0.29%. EUR/USD (^EURUSD) is down -0.28%. USD/JPY (^USDJPY) is down -0.02%. Jun T-note prices (ZNM16 -0.08%) are down -3.5 ticks. German Feb industrial production fell -0.5% m/m, a smaller decline than expectations of -1.8% m/m. U.S. STOCK PREVIEW Key U.S. news today includes: (1) Key U.S. reports today include: (1) weekly MBA mortgage applications (previous -1.0% with purchase sub-index +2.1% and refi sub-index -3.3%), (2) Cleveland Fed President Loretta Mester's speech on the U.S. economic outlook and monetary policy at an event hosted by the Cleveland Associations for Business Economics, CFA Society Cleveland and Risk Management Association of Northern Ohio, (3) the minutes of the Mar 15-16 FOMC meeting, (4) St. Louis Fed President James Bullard's welcoming remarks at a lecture in St. Louis, and (5) Dallas Fed President Rob Kaplan's speech on a moderated panel at the World Affairs Council of Dallas/Fort Worth. There are 8 of the Russell 1000 companies that report earnings today: Acuity Brands (consensus $1.57), Bed Bath & Beyond (1.81), RPM International (0.15), Constellation Brands (1.15), Monsanto (2.42), Global Payments (0.67), MSC Industrial Direct (0.79), SunEdison (-0.74).ip U.S. IPO's scheduled to price today: Aeglea BioTherapeutic (AGLE). Equity conferences during the remainder of this week include: Cowen & Co Retail & Luxury Day on Thu OVERNIGHT U.S. STOCK MOVERS Cisco Systems (CSCO -1.99%) rose over 2% in pre-market trading after it was upgraded to 'Neutral' from 'Underweight' at J.P. Morgan Chase. Pfizer (PFE +2.08%) climbed over 1% in pre-market trading after people familiar with the matter said the compnay is terminating its $160 billion merger with Allergan Plc after new U.S. tax proposals aimed at curbing corporate inversions. Allergan Plc (AGN -14.77%) is down over 1% in pre-market trading following the news. Wells Fargo (WFC -2.04%) was downgraded to 'Neutral' from 'Buy' at Guggenheim Securities. Fifth Third Bancorp (FITB -1.85%) was downgraded to 'Neutral' from 'Buy' at Sterne Agee CRT with a 12-month price target of $18. Apple (AAPL -1.18%) was rated a new 'Strong Buy' at Needham & Co. with a 12-month price target of $150. Huntington Bancshares (HBAN -1.05%) was upgradd to 'Buy' from 'Neutral at Sterne Agee CRT with a 12-month price target of $11.50. Nvidia (NVDA -0.14%) was downgraded to 'Hold' from 'Buy' at Stifel. Biogen (BIIB +0.61%) was rated a new 'Market Perform' at BMO Capital Markets with a 12-month price target of $283. PulteGroup (PHM +2.03%) was upgraded to 'Equal-weight' from 'Underweight' at Barclays. Wynn Resorts Ltd. (WYNN -2.66%) dropped over 1% in after-hours trading after it reported preliminary Q1 Macau revenue of $603 million-$613 million, compared to $705.4 million in Q1 of 2015. Cree (CREE -0.58%) slumped over 15% in after-hours trading after it reported preliminary Q3 adjusted EPS of 13 cents-15 cents, well below consensus of 24 cents. SEI Investments (SEIC -0.75%) was upgraded to 'Market Perform' from 'Underperform' at Keefe, Bruyette & Woods with a 12-month price target of $45. Actuity Brands (AYI +2.19%) fell over 3% in after-hours trading in sympathy with the sharp decline in Cree Inc. A Schulman (SHLM -0.38%) fell nearly 4% in after-hours trading after it reported Q2 revenue of $591.8 million, below consensus of $595.4 million. MARKET COMMENTS June E-mini S&Ps (ESM16 +0.18%) this morning are up 3.75 points (+0.18%). Tuesday's closes: S&P 500 -1.01%, Dow Jones -0.75%, Nasdaq -0.91%. The S&P 500 on Tuesday closed lower on a slide in European stocks to a 5-week low after German Feb factory orders unexpectedly fell -1.2% m/m, the most in 6 months, and on the larger-than-expected U.S. Feb trade deficit of -$47.1 billion, bigger than expectations of a -$46.2 billion, which is negative for U.S. Q1 GDP. Stocks were also undercut by global growth concerns after IMF Managing Director Lagarde said that the downside risks for growth have increased and "we don't see much by way of upside." June 10-year T-note prices (ZNM16 -0.08%) this morning are down -3.5 ticks. Tuesday's closes: TYM6 +11.50, FVM6 +7.00. Jun T-notes on Tuesday rose to a 5-week high and settled higher on carryover support from a rally in German bunds to an 11-1/4 month high and on increased safe-haven demand as stocks sold off. The dollar index (DXY00 +0.29%) this morning is up +0.273 (+0.29%). EUR/USD (^EURUSD) is down -0.0032 (-0.28%). USD/JPY (^USDJPY) is down-0.02 (-0.02%). Tuesday's closes: Dollar Index +0.121 (+0.13%), EUR/USD -0.0007 (-0.06%), USD/JPY -1.00 (-0.90%). The dollar index on Tuesday closed higher on the larger-than-expected increase in the Mar ISM non-manufacturing index and on hawkish comments by Chicago Fed President Evans who said it would be "appropriate" for two more interest rate hikes this year. Gains in the dollar were limited after USD/JPY plunged to a 17-month low. May WTI crude oil (CLK16 +2.65%) is up +$1.04 a barrel (+2.90%). May gasoline (RBK16 +0.55%) is up +0.0061 (+0.44%). Tuesday's closes: CLK6 +0.19 (+0.50%), RBK6 +0.0101 (+0.73%). May crude and gasoline on Tuesday closed higher on comments from Kuwait's OPEC governor who said that oil-producing countries can come to an agreement to cap crude production at January levels even if Iran doesn't join the move. Crude oil prices were undercut by expectations that Wednesday's weekly EIA data will show that U.S. crude inventories rose +3.0 million bbl. GLOBAL EVENT CALENDAR04/06/2016 US 0700 ET Weekly MBA mortgage applications, previous -1.0% with purchase sub-index +2.1% and refi sub-index -3.3%. 1030 ET EIA Weekly Petroleum Status Report. 1220 ET Cleveland Fed President Loretta Mester speaks on the U.S. economic outlook and monetary policy at an event hosted by the Cleveland Associations for Business Economics, CFA Society Cleveland and Risk Management Association of Northern Ohio. 1400 ET Minutes of the Mar 15-16 FOMC meeting. 1830 ET St. Louis Fed President James Bullard delivers welcoming remarks at a lecture in St. Louis. 2000 ET Dallas Fed President Rob Kaplan speaks on a moderated panel at the World Affairs Council of Dallas/Fort Worth. JPN 0100 ET Japan Feb leading index CI expected -2.0 to 99.8, Jan 101.8. Feb coincident index expected -3.2 to 110.3, Jan 113.5. GER 0200 ET German Feb industrial production expected -1.8% m/m and +0.4% y/y, Jan +3.3% m/m and +2.2% y/y. 0330 ET German Mar Markit construction PMI, Feb 59.6. UK 0400 ET UK Mar new car registrations, Feb +8.4% y/y. U.S. STOCK CALENDAR04/06/2016 Company Ticker Time Event Description Period Estimate RPM International Inc RPM US Bef-mkt Q3 2016 Earnings Release Q3 2016 0.146 Constellation Brands Inc STZ US Bef-mkt Q4 2016 Earnings Release Q4 2016 1.146 Monsanto Co MON US Bef-mkt Q2 2016 Earnings Release Q2 2016 2.417 Global Payments Inc GPN US Bef-mkt Q3 2016 Earnings Release Q3 2016 0.668 Acuity Brands Inc AYI US Bef-mkt Q2 2016 Earnings Release Q2 2016 1.568 Global Payments Inc GPN US 8:00 Q3 2016 Earnings Call Q3 2016 MSC Industrial Direct Co Inc MSM US 8:30 Q2 2016 Earnings Call Q2 2016 Monsanto Co MON US 9:30 Q2 2016 Earnings Call Q2 2016 IDEX Corp IEX US 10:00 Annual General Meeting Y 2016 Schlumberger Ltd SLB US 10:00 Annual General Meeting RPM International Inc RPM US 10:00 Q3 2016 Earnings Call Q3 2016 Acuity Brands Inc AYI US 10:00 Q2 2016 Earnings Call Q2 2016 Constellation Brands Inc STZ US 10:30 Q4 2016 Earnings Call Q4 2016 Broadcom Ltd AVGO US 14:00 Annual General Meeting Y 2015 Bed Bath & Beyond Inc BBBY US 17:00 Q4 2016 Earnings Call Q4 2016 Wynn Resorts Ltd WYNN US 17:00 Investor Day Y 2016 Bed Bath & Beyond Inc BBBY US Aft-mkt Q4 2016 Earnings Release Q4 2016 1.808 Costco Wholesale Corp COST US 21:00 March 2016 Sales and Revenue Release 2016 SunEdison Inc SUNE US Q4 2015 Earnings Release Q4 2015 -0.744 MSC Industrial Direct Co Inc MSM US Q2 2016 Earnings Release Q2 2016 0.784 IHS Inc IHS US Annual General Meeting

Pinnacle West Capital - Chart of the Day

Pinnacle West Capital (PNW) is the Barchart Chart of the Day.  The electric utility has a Trend Spotter buy signal, a Weighted Alpha of 23.50+, gained 16.92% in the last year and paid a 3.31% dividend.

The Chart of the Day belongs to Pinnacle West Capital (PNW).  I found the electric utility stock by using Barchart to sort the Russell 3000 Index stocks first by the most frequent new highs in the last month, then again by the highest technical buy signals.  Next I used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 3/8 the stock gained 6.06%.

Pinnacle West Capital is engaged, through its subsidiaries, in the generation, transmission, and distribution of electricity and selling energy, products and services; in real estate development; and in venture capital investment. Its primary subsidiary is Arizona Public Service Company. The company's other subsidiaries include SunCor, El Dorado, APSEnergy Services and Pinnacle West Energy.

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:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 7.87% in the last month
• Relative Strength Index 65.72%
• Technical support level at 74.42
• Recently traded at 74.32 with a 50 day moving average of 69.95

Fundamental factors:

• Market Cap $8.24 billion
• P/E 19.31
• Dividend yield 3.31%
• Revenue expected to grow 2.20% this year and another 2.50% next year
• Earnings estimated to increase 2.00% this year, an additional 5.00% next year and continue to increase at an annual rate of 3.60% for the next 5 years
• Wall Street analysts issued 1 strong buy, 12 hold and 3 under perform recommendations on the stock

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

Morningstar Buy Signals

Today I added Morningstar (MORN) to the Barchart Van Meerten New High portfolio for positive price momentum.

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 9.61% in the last month
• Relative Strength Index 69.57%
• Technical support level at 86.80
• Recently traded at 87.7 with a 50 day moving average of 80.86

MORNING CALL 4/5

MORNING CALL

Tuesday, April 5th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM16 -0.66%) are down -0.78% and European stocks are down -2.15% at a 5-week low on concern that global economic growth is faltering. German Feb factory orders unexpectedly fell by the most in 6 months and IMF Managing Director Lagarde said the world economy's outlook has dimmed. A -0.22% fall in crude oil prices to a 1-month low has also undercut energy producing stocks. The slide in stocks has boosted demand for government debt as the yield on the 10-year German bund has tumbled to an 11-1/4 month low of 0.081%. Asian stocks settled mostly lower: Japan-2.42%, Hong Kong -1.57%, China up+1.45%, Taiwan closed for holiday, Australia -1.42%, Singapore -1.21%, South Korea -1.02%, India -2.03%. The plunge in USD/JPY to a 17-month low fueled selling in Japanese exporters as Japan's Nikkei Stock Index fell to a 1-1/2 month low. Chinese stocks bucked the trend as the Shanghai Composite rallied to a 2-1/2 month high on optimism that government efforts to spur economic growth are kicking in.

The dollar index (DXY00 +0.28%) is up +0.21%. EUR/USD (^EURUSD) is down -0.25%. USD/JPY (^USDJPY) is down -0.92% to a 17-month low.

Jun T-note prices (ZNM16 +0.31%) are up +15 ticks at a 5-week high on carryover support from a rally in German bunds to an 11-1/4 month low.

IMF Managing Director Lagarde said the world economy's outlook has dimmed over the last 6 months, exacerbated by China's slowdown, lower commodity prices and the risk of financial tightening in many countries. This suggests the IMF will downgrade its growth forecast when it releases its updated World Economic Outlook on Apr 12.

Chicago Fed President Evans said "I believe it will be appropriate to make two more rate hike this year and then follow a very gradual path of rate increases thereafter." Evans projects U.S. 2016 economic growth at 2.0-2.5% and that the U.S. consumer is the "linchpin" behind the outlook.

German Feb factory orders unexpectedly fell -1.2% m/m, weaker than expectations of +0.3% m/m and the biggest decline in 6 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Key U.S. reports today include: (1) Chicago Fed President Charles Evans' speech on the economy and monetary policy at the Credit Suisse Asian Investment Conference in Hong Kong, (2) Feb U.S. trade balance (expected -$46.2 billion, Jan -$45.68 billion), (3) final-Mar Markit services PMI (expected +0.2 to 51.2, prelim-Mar +1.3 to 51.0), (4) Mar ISM non-manufacturing PMI (expected +0.8 to 54.2, Feb -0.1 to 53.4), and (5) Feb JOLTS job openings (expected -53,000 to 5.488 million, Jan +260,000 to 5.541 million).

There are 2 of the Russell 1000 companies that report earnings today: Darden Restaurants (consensus $1.20), Walgreens (1.28).

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

Equity conferences during the remainder of this week include: Cowen & Co Retail & Luxury Day on Thu

OVERNIGHT U.S. STOCK MOVERS

Allergan (AGN +3.53%) dropped 22% in pre-market trading after the U.S. Treasury Department said it will introduce regulations to make it more difficult to engage in a tax strategy known as "earnings stripping," which enables U.S. subsidiaries to curb their tax bills as interest payments to their foreign parent companies are tax deductible.

Tesla (TSLA +3.96%) slipped 3% in pre-market trading after it reported Q1 deliveries of 14,820 vehicles, below consensus of 16,000.

Fifth Third Bancorp (FITB -0.30%) was downgraded to 'Market Perform' from 'Outperform' at BMO Capital Markets.

Hormel Foods (HRL -0.82%) was downgraded to 'Underweight' from 'Hold' at BB&T Capital Markets.

Northrop Grumman (NOC +0.43%) was rated a new 'Buy' at Guggenheim with a price target of $226.

General Dynamics (GD -0.49%) was rated a new 'Buy' at Guggenheim with a price target of $153.

Raytheon (RTN +0.80%) was rated a new 'Buy' at Guggenheim with a price target of $144.

Disney (DIS -0.39%) dropped 2% in pre-market trading after COO Thomas Staggs said he will step down next month.

Starbucks (SBUX -1.26%) was rated a new 'Buy' at Evercore ISI.

National Instruments (NATI -0.37%) slumped 10% in after-hours trading after it lowered guidance on Q1 adjusted EPS to 14 cents-15 cents, well below consensus of 23 cents.

Dominion Resources (D -1.07%) lost over 1% in after-hours trading after it announced a 10.2 million share secondary stock offering.

United Continental Holdings ({=UAL said it had reached tentative agreements on new contracts with its nearly 30,000 International Association of Machinists & Aerospace Workers (IAM) represented employees.

Dunkin' Brands (DNKN -0.19%) fell 2% in after-hours trading after it was initiated with a 'Sell" at Evercore ISI with a price target of $39.

Parsley Energy (PE -1.27%) dropped over 1% in after-hours trading after it announced a 16 million share offering of Class A common stock.

MARKET COMMENTS

June E-mini S&Ps (ESM16 -0.66%) this morning are down -16.00 points (-0.78%). Monday's closes: S&P 500 -0.32%, Dow Jones -0.31%, Nasdaq-0.45%. The S&P 500 on Monday closed lower on weakness in energy producers after the price of crude oil fell to a 1-month low and on hawkish comments from Boston Fed President Rosengren who said that predictions of just one interest-rate hike before Dec 31 are "unduly pessimistic." Stocks were also undercut by -0.8% decline in U.S. Feb factory orders ex-transportation, weaker than expectations of -0.5%.

June 10-year T-note prices (ZNM16 +0.31%) this morning are up +15 ticks at a 5-week high. Monday's closes: TYM6 +5.50, FVM6 +2.75. Jun T-notes Monday climbed to a 1-month high on the weaker-than-expected U.S. Feb factory orders report ex-transporation of -0.8% and on carryover support from a rally in German bunds to a 1-month high after ECB Executive Board member Praet said that the ECB will continue to act "forcefully" if needed to counter the risk of low inflation in the Eurozone becoming entrenched.

The dollar index (DXY00 +0.28%) this morning is up +0.197 (+0.21%). EUR/USD (^EURUSD) is down -0.0029 (-0.25%). USD/JPY (^USDJPY) is down-1.02 (-0.92%) at a 17-month low. Monday's closes: Dollar Index -0.109 (-0.12%), EUR/USD unch, USD/JPY -0.35 (-0318%). The dollar index in Monday closed lower on strength in the yen as USD/JPY fell to a 2-week low and on the weaker-than-expected decline in U.S. Feb factory orders ex-transportation.

May WTI crude oil (CLK16 +0.08%) is down -8 cents (-0.22%) at a fresh 1-month low. May gasoline (RBK16 +0.80%) is up +0.0096 (+0.70%). Monday's closes: CLK6 -1.33 (-3.62%), RBK6 -0.0256 (-1.83%). May crude oil and gasoline on Monday closed lower with May crude at a 1-month low. Crude oil prices saw continued weakness from reduced optimism about an OPEC oil production freeze after Saudi Arabia's deputy crown prince last Friday said that Saudi Arabia will not agree to freeze production at the upcoming April 17 meeting in Doha if Iran does not agree as well.

GLOBAL EVENT CALENDAR04/05/2016

US	0100 ET	Chicago Fed President Charles Evans speaks on the economy and monetary policy at the Credit Suisse Asian Investment Conference in Hong Kong.
	0830 ET	Feb trade balance expected -$46.2 billion, Jan -$45.68 billion.
	0945 ET	Final-Mar Markit services PMI expected +0.2 to 51.2, prelim-Mar +1.3 to 51.0. Final-Mar Markit composite PMI, prelim-Mar +1.1 to 51.1.
	1000 ET	Mar ISM non-manufacturing PMI expected +0.8 to 54.2, Feb -0.1 to 53.4.
	1000 ET	Feb JOLTS job openings expected -53,000 to 5.488 million, Jan +260,000 to 5.541 million.
GER	0200 ET	German Feb factory orders expected +0.3% m/m and +2.2% y/y, Jan -0.1% m/m and +1.1% y/y.
	0355 ET	Revised German Mar Markit services PMI, preliminary +0.2 to 55.5.
EUR	0400 ET	Revised Eurozone Mar Markit composite PMI, preliminary +0.7 to 53.7.
	0500 ET	Eurozone Feb retail sales expected unch m/m and +1.9% y/y, Jan +0.4% m/m and +2.0% y/y.
UK	0430 ET	UK Mar Markit/CIPS services PMI expected +0.8 to 53.5, Feb 52.7.
	1901 ET	UK Mar BRC shop price index, Feb -2.0% y/y.

U.S. STOCK CALENDAR04/05/2016

Company	Ticker	Time	Event Description	Period	Estimate
Darden Restaurants Inc	DRI US	Bef-mkt	Q3 2016 Earnings Release	Q3 2016	1.199
Walgreens Boots Alliance Inc	WBA US	7:00	Q2 2016 Earnings Release	Q2 2016	1.28
Walgreens Boots Alliance Inc	WBA US	8:30	Q2 2016 Earnings Call	Q2 2016
Darden Restaurants Inc	DRI US	8:30	Q3 2016 Earnings Call	Q3 2016
NVIDIA Corp	NVDA US	14:30	Investor Day	Y 2016
First Solar Inc	FSLR US		Analyst Meeting	Y 2016