Ciner Resources - Chart of the Day

Ciner Resources (CINR) is the Barchart Chart of the Day.  The mining partnership has a Trend Spotter buy signal, a Weighted Alpha of 31.30+ and gained 19.80% in the last year while paying a 7.75% dividend.

The Chart of the Day belongs to Ciner Resources (CINR).  I found the mining partnership by using Barchart to sort today's All Time High list first  for the most frequent new highs in the last month, then again for technical buy signals of 80% or better.  Next I used the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 2/23 the stock gained 35.68%.

Ciner Resources LP, a master limited partnership, producers of natural soda ash. It operates the trona ore mining and soda ash production business primarily in the Green River Basin of Wyoming. Ciner Resources LP, formerly known as OCI Resources LP, is based in ATLANTA, 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
• 16 new highs and up 14.14% in the last month
• Relative Strength Index 80.12%
• Technical support level at 28.16%
• Recently traded at 29.11 with a 50 day moving average of 24.80

Fundamental factors:

• Market Cap $285.28 million
• P/E 11.19
• Dividend yield 7.75%
• Revenue expected to grow .80% this year and another 3.90% next year
• Earnings estimated to be down 4.70% this year but up by 4.90% next year and continue to compound at an annual rate of 15.32% for he next 5 years
• Wall Street analysts issued 1 strong buy, 1 buy and 1 hold on this stock

Trinseo - Chart of the Day

Trinseo (TSE) is the Barchart Chart of the Day.  The plastics company has a Trend Spotter buy signal, a Weighted Alpha of 105.40+ and gained 89.72% in the last year.

The Chart of the Day belongs to Trinseo (TSE).  I found the plastics stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better.  Next I used the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 2/17 the stock gained 69.03%

rinseo S.A. is a global materials company and manufacturer of plastics, latex and rubber. The Company's technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Its major products include styrene-butadiene latex, styrene-acrylate latex, solution styrene-butadiene rubber, lithium polybutadiene rubber, emulsion styrene-butadiene rubber, nickel polybutadiene rubber, polystyrene, expandable polystyrene, acrylonitrile-butadiene-styrene, styrene-acrylonitrile, ignition resistant polystyrene, polycarbonate resins, compounds and blends, and polypropylene compounds. Trinseo S.A. is based in Berwyn, Pennsylvania.

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% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 22.81% in the last month
• Relative Strength Index 84.21%
• Technical support level at 41.63
• Recently traded at 43.42 with a 50 day moving average of 34.07

Fundamental factors:

• Market Cap $2.12 billion
• P/E 9.22
• Revenue expected to be down .40% this year but up again by 4.80% next year
• Earnings estimated to increase 17.90% this year , an additional 3.50% next year and continue to compound at an annual rate of 11.08% for the next 5 years
• Wall Street analysts issued 2 strong buy, 2 buy and 4 hold recommendations on the stock

MORNING CALL 4/21

MORNING CALL

Thursday, April 21st, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps are little changed, up +0.04%, as they consolidate Wednesday's rally in the S&P 500 to a 4-1/2 month high. European stocks fell back from a 3-1/2 month high and are down -0.21% on long liquidation ahead of the results of today's ECB meeting and press conference from ECB President Draghi immediately after. Losses were contained as mining stocks and energy producers moved higher as the price of copper climbed to a 4-week high and the price of crude rose to a 5-1/4 month high. Asian stocks settled mostly higher: Japan +2.70%, Hong Kong +1.82%, China -0.66%, Taiwan +0.64%, Australia +1.09%, Singapore +0.37%, South Korea +0.86%, India +0.14%. Japan's Nikkei Stock Index posted a 2-1/2 month high as exporters rallied after the yen fell to a 2-week low against the dollar and on speculation that the BOJ may expand asset purchases at next week's policy meeting.

The dollar index is down -0.05%. EUR/USD is up +0.13%. USD/JPY is down -0.09%.

Jun T-note prices are down -3.5 ticks at a 3-week low as they were pressured from a fall in German bund prices to a 4-week low.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +12,000 to 265,000, previous -13,000 to 253,000) and continuing claims (expected unch at 2.171 million, previous -18,000 to 2.171 million), (2) Mar Chicago Fed national activity index (expected +0.14 to -0.15, Feb-0.70 to -0.29), (3) Apr Philadelphia Fed business outlook survey (expected -3.4 to 9.0, Mar +15.2 to 12.4), (4) Feb FHFA house price index (expected +0.4% m/m, Jan +0.5% m/m), and (5) Mar leading indicators (expected +0.4%, Feb +0.1%), (6) the Treasury's auction of $16 billion of 5-year TIPS.

There are 36 of the S&P 500 companies that report earnings today with notable reports including: Alphabet (consensus $7.96), Microsoft (0.64), Visa (0.67), Starbucks (0.39), GM (0.99), Verizon (1.06), Under Armour (0.02), Johnson Controls (0.82), PulteGroup (0.20), Bank of NY Mellon (0.68), Fifth Third Bancorp (0.35), Rockwell Collins (1.28).

U.S. IPO's scheduled to price today: SecureWorks Corp (SCWX).

Equity conferences during the remainder of this week: none.

OVERNIGHT U.S. STOCK MOVERS

Newmont Mining (NEM -1.49%) rose nearly 3% in pre-market trading as copper rose toa 4-week high and after it reported Q1 adjusted EPS of 34 cents, higher than consensus of 18 cents.

American Express (AXP +2.28%) rose over 4% in pre-market trading after it reported Q1 EPS of $1.45, higher than consensus of $1.33.

Yum! Brands (YUM +0.49%) climbed nearly 4% in after-hours trading after it reported Q1 adjusted EPS of 95 cents, better than consensus of 83 cents.

Qualcomm (QCOM +0.50%) slid over 3% in pre-market trading after it reported Q2 adjusted EPS of $1.04, higher than consensus of 96 cents, but CEO Mollenkopf signaled that its largest customers may use secondary sources for chips for their smartphones going forward.

Las Vegas Sands (LVS -0.61%) lost 4% in after-hours trading after it reported Q1 adjusted EPS of 45 cents, well below consensus of 63 cents.

F5 Networks (FFIV +1.46%) gained over 4% in after-hours trading after it reported Q2 adjusted EPS of $1.68, higher than consensus of $1.63, and then raised guidance on Q3 adjusted EPS to $1.77-$1.80, higher than consensus of $1.74.

Mattel (MAT -2.57%) dropped over 8% in pre-market trading after it reported a Q1 adjusted loss of -13 cents, a wider loss than consensus of -7 cents.

Packaging Corp. of America (PKG -0.62%) gained 3% in after-hours trading it reported Q1 adjusted EPS of $1.11, above consensus of $1.01.

United Continental Holdings (UAL +0.95%) fell over 2% in after-hours trading after it reported Q1 adjusted EPS of $1.23, higher than consensus of $1.18, but said it sees Q2 passenger revenue per available seat mile (PRASM) falling 6.5%-8.5%.

Kinder Morgan (KMI -0.84%) fell over 1% in pre-market trading after it reported Q1 revenue of $3.2 billion, less than consensus of $3.76 billion.

Citrix Systems (CTXS +0.47%) rose over 6% in after-hours trading after it raised its fiscal-year adjusted EPS estimate to $4.90-$5.00, well above consensus of $4.71.

Tractor Supply (TSCO +0.49%) climbed over 5% in after-hours trading after it reported Q1 EPS of 50 cents, better than consensus of 46 cents.

United Rentals (URI -1.65%) slipped nearly 6% in after-hours trading after it lowered guidance on 2016 revenue to $5.6 billion-$5.8 billion from a January 27 estimate of $5.65 billion-$5.95 billion.

MARKET COMMENTS

June E-mini S&Ps this morning are up +0.75 of a point (+0.04%). Wednesday's closes: S&P 500 +0.08%, Dow Jones +0.24%, Nasdaq -0.01%. The S&P 500 on Wednesday climbed to a 5-1/2 month high and settled higher on the +5.1% increase in U.S. Mar existing home sales to 5.33 million (stronger than expectations of +3.9% to 5.28 million), strength in energy producers after crude oil rallied to a 4-3/4 month high, and mostly upbeat Q1 corporate earnings results thus far.

June 10-year T-note prices this morning are down -3.5 ticks at a fresh 3-week low. Wednesday's closes: TYM6 -19.50, FVM6 -12.00. Jun T-notes on Wednesday fell to a 3-week low and closed lower on the stronger-than-expected U.S. Mar existing home sales report, reduced safe-haven demand with the rally in stocks, and the rise in the 10-year T-note breakeven inflation expectations rate to a 2-week high.

The dollar index this morning is down -0.043 (-0.05%). EUR/USD is up +0.0015 (+0.13%). USD/JPY is down -0.10 (-0.09%). Wednesday's closes: Dollar Index +0.516 (+0.55%), EUR/USD -0.0061 (-0.54%), USD/JPY +0.65 (+0.58%). The dollar index on Wednesday closed higher on the larger-than-expected increase in U.S. Mar existing home sales, on strength in USD/JPY which rose to a 1-1/2 week high as a rally in stocks reduced the safe-haven demand for the yen, and on long liquidation in EUR/USD ahead of Thursday's ECB meeting.

June WTI crude oil is up +3 cents (+0.07%) at a new 5-1/4 month nearest-futures high. June gasoline is up +0.0061 (+0.40%). Wednesday's closes: CLM6 +1.71 (+4.03%), RBM6 +0.0287 (+1.92%). Jun crude and gasoline on Wednesday closed higher with Jun crude at a 4-3/4 month high. Metals prices were boosted by the -0.3% decline in U.S. crude production in the week ended Apr 15 to a 1-1/2 year low of 8.95 million bpd and by the -248,00 bbl decline in Cushing crude oil inventories. Crude oil prices were undercut by the stronger dollar and the end of the 3-day strike by Kuwaiti oil workers.

GLOBAL EVENT CALENDAR04/21/2016

US	0830 ET	Weekly initial unemployment claims expected +12,000 to 265,000, previous -13,000 to 253,000. Weekly continuing claims expected unch at 2.171 million, previous -18,000 to 2.171 million.
	0830 ET	Mar Chicago Fed national activity index expected +0.14 to -0.15, Feb -0.70 to -0.29.
	0830 ET	Apr Philadelphia Fed business outlook survey expected -3.4 to 9.0, Mar +15.2 to 12.4.
	0830 ET	USDA weekly Export Sales.
	0900 ET	Feb FHFA house price index expected +0.4% m/m, Jan +0.5% m/m.
	1000 ET	Mar leading indicators expected +0.4%, Feb +0.1%.
	1100 ET	Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Apr 25-28).
	1300 ET	Treasury auctions $16 billion of 5-year TIPS.
UK	0430 ET	UK Mar retail sales ex-auto fuel expected -0.3% m/m and +3.8% y/y, Feb -0.2% m/m and +4.1% y/y.
	0430 ET	UK Mar retail sales including auto fuel expected -0.1% m/m and +4.4% y/y, Feb -0.4% m/m and +3.8% y/y.
	0430 ET	UK Mar public sector net borrowing expected +5.4 billion pounds, Feb +6.5 billion pounds.
EUR	0745 ET	ECB announces interest rate decision.
	0830 ET	ECB President Mario Draghi holds press conference following ECB meeting.
	1000 ET	Eurozone Apr consumer confidence expected +0.6 to -9.3, Mar -0.9 to -9.7.
JPN	2200 ET	Japan Apr Nikkei manufacturing PMI expected +0.4 to 49.5, Mar 49.1.

U.S. STOCK CALENDAR04/21/2016

Company	Ticker	Time	Event Description	Period	Estimate
Johnson Controls Inc	JCI US	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.816
Nucor Corp	NUE US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.27
PulteGroup Inc	PHM US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.201
PPG Industries Inc	PPG US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.301
Sherwin-Williams Co/The	SHW US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.619
Snap-on Inc	SNA US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	2.088
BB&T Corp	BBT US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.643
Southwest Airlines Co	LUV US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.837
Travelers Cos Inc/The	TRV US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	2.554
Stanley Black & Decker Inc	SWK US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.141
DR Horton Inc	DHI US	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.463
Biogen Inc	BIIB US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	4.458
KeyCorp	KEY US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.251
Quest Diagnostics Inc	DGX US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.119
Alliance Data Systems Corp	ADS US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	3.817
Danaher Corp	DHR US	6:00	Q1 2016 Earnings Release	Q1 2016	1.029
Bank of New York Mellon Corp/The	BK US	6:30	Q1 2016 Earnings Release	Q1 2016	0.677
Fifth Third Bancorp	FITB US	6:30	Q1 2016 Earnings Release	Q1 2016	0.345
Rockwell Collins Inc	COL US	6:30	Q2 2016 Earnings Release	Q2 2016	1.28
Dover Corp	DOV US	7:00	Q1 2016 Earnings Release	Q1 2016	0.598
People's United Financial Inc	PBCT US	7:00	Q1 2016 Earnings Release	Q1 2016	0.213
Citizens Financial Group Inc	CFG US	7:00	Q1 2016 Earnings Release	Q1 2016	0.389
Under Armour Inc	UA US	7:15	Q1 2016 Earnings Release	Q1 2016	0.024
Verizon Communications Inc	VZ US	7:30	Q1 2016 Earnings Release	Q1 2016	1.055
General Motors Co	GM US	7:30	Q1 2016 Earnings Release	Q1 2016	0.99
Bank of New York Mellon Corp/The	BK US	8:00	Q1 2016 Earnings Call	Q1 2016
Danaher Corp	DHR US	8:00	Q1 2016 Earnings Call	Q1 2016
BB&T Corp	BBT US	8:00	Q1 2016 Earnings Call	Q1 2016
Stanley Black & Decker Inc	SWK US	8:00	Q1 2016 Earnings Call	Q1 2016
Union Pacific Corp	UNP US	8:00	Q1 2016 Earnings Release	Q1 2016	1.096
People's United Financial Inc	PBCT US	8:00	Q1 2016 Earnings Call	Q1 2016
Verizon Communications Inc	VZ US	8:30	Q1 2016 Earnings Call	Q1 2016
PulteGroup Inc	PHM US	8:30	Q1 2016 Earnings Call	Q1 2016
Biogen Inc	BIIB US	8:30	Q1 2016 Earnings Call	Q1 2016
Quest Diagnostics Inc	DGX US	8:30	Q1 2016 Earnings Call	Q1 2016
Alliance Data Systems Corp	ADS US	8:30	Q1 2016 Earnings Call	Q1 2016
Under Armour Inc	UA US	8:30	Q1 2016 Earnings Call	Q1 2016
Union Pacific Corp	UNP US	8:45	Q1 2016 Earnings Call	Q1 2016
Travelers Cos Inc/The	TRV US	9:00	Q1 2016 Earnings Call	Q1 2016
Fifth Third Bancorp	FITB US	9:00	Q1 2016 Earnings Call	Q1 2016
Citizens Financial Group Inc	CFG US	9:00	Q1 2016 Earnings Call	Q1 2016
Rockwell Collins Inc	COL US	9:00	Q2 2016 Earnings Call	Q2 2016
Yum! Brands Inc	YUM US	9:15	Q1 2016 Earnings Call	Q1 2016
AES Corp/VA	AES US	9:30	Annual General Meeting
Dover Corp	DOV US	10:00	Q1 2016 Earnings Call	Q1 2016
Newmont Mining Corp	NEM US	10:00	Q1 2016 Earnings Call	Q1 2016
Citigroup Inc	C US	10:00	Q1 2016 Earnings Call - Fixed Income	C1 2016
Snap-on Inc	SNA US	10:00	Q1 2016 Earnings Call	Q1 2016
Texas Instruments Inc	TXN US	10:00	Annual General Meeting
DR Horton Inc	DHI US	10:00	Q2 2016 Earnings Call	Q2 2016
People's United Financial Inc	PBCT US	10:00	Annual General Meeting	Y 2016
KeyCorp	KEY US	10:00	Q1 2016 Earnings Call	Q1 2016
Regions Financial Corp	RF US	10:00	Annual General Meeting	Y 2016
General Motors Co	GM US	10:00	Q1 2016 Earnings Call	Q1 2016
Humana Inc	HUM US	10:30	Annual General Meeting	Y 2016
United Continental Holdings Inc	UAL US	10:30	Q1 2016 Earnings Call	Q1 2016
Johnson Controls Inc	JCI US	11:00	Q2 2016 Earnings Call	Q2 2016
PPG Industries Inc	PPG US	11:00	Annual General Meeting	Y 2016
Sherwin-Williams Co/The	SHW US	11:00	Q1 2016 Earnings Call	Q1 2016
JB Hunt Transport Services Inc	JBHT US	11:00	Annual General Meeting
United Rentals Inc	URI US	11:00	Q1 2016 Earnings Call	Q1 2016
Southwest Airlines Co	LUV US	12:30	Q1 2016 Earnings Call	Q1 2016
Nucor Corp	NUE US	14:00	Q1 2016 Earnings Call	Q1 2016
PPG Industries Inc	PPG US	14:00	Q1 2016 Earnings Call	Q1 2016
SL Green Realty Corp	SLG US	14:00	Q1 2016 Earnings Call	Q1 2016
Huntington Bancshares Inc/OH	HBAN US	15:00	Annual General Meeting
Norfolk Southern Corp	NSC US	16:15	Q1 2016 Earnings Release	Q1 2016	0.972
Norfolk Southern Corp	NSC US	16:30	Q1 2016 Earnings Call	Q1 2016
Hanesbrands Inc	HBI US	16:30	Q1 2016 Earnings Call	Q1 2016
Alphabet Inc	GOOGL US	16:30	Q1 2016 Earnings Call	Q1 2016
Starbucks Corp	SBUX US	17:00	Q2 2016 Earnings Call	Q2 2016
E*TRADE Financial Corp	ETFC US	17:00	Q1 2016 Earnings Call	Q1 2016
Visa Inc	V US	17:00	Q2 2016 Earnings Call	Q2 2016
Schlumberger Ltd	SLB US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.39
Southwestern Energy Co	SWN US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	-0.215
Microsoft Corp	MSFT US	Aft-mkt	Q3 2016 Earnings Release	Q3 2016	0.638
Starbucks Corp	SBUX US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.39
E*TRADE Financial Corp	ETFC US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.329
Crown Castle International Corp	CCI US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	1.038
Hanesbrands Inc	HBI US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.219
Visa Inc	V US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.667
Alphabet Inc	GOOGL US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	7.963
Microsoft Corp	MSFT US	17:30	Q3 2016 Earnings Call	Q3 2016
Intuitive Surgical Inc	ISRG US	18:00	Annual General Meeting
Kraft Heinz Co/The	KHC US		Annual General Meeting

Curtiss-Wright - Chart of the day

Curtiss-Wright (CW) is the Barchart Chart of the Day.  The aerospace defense company has a Trend Spotter buy signal a Weighted Alpha of 10.10+ and gained 2.52% in the last year.

The Chart of the Day belongs to Curtiss-Wright (CW).  I found the aerospace defense stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month, then again 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 2/25 the stock rose 10.49%.

Curtiss - Wright produces precision components for the aerospace, industrial and marine companies. Aerospace components consist of control and actuation systems. Co. also provides shot-perring & heat treating for industrial markets and the target rock subsidiary produces engineered valves for the United States Navy.

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% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 5.97% in the last month
• Relative Strength Index 69.80%
• Technical support level at 76.73
• Recently traded at 77.76 with a 50 day moving average of 71.81

Fundamental factors:

• Market Cap $3.56 Billion
• P/E 19.61
• Dividend yield .67%
• Revenue expected to be down .30% this year but up again by 2.70% next year
• Earnings estimated to increase 1.50% this year, an additional 11.00% next year and continue to compound at an annual rate of 11.10% for the next 5 years
• Wall Street analysts issued 2 strong buy, 4 buy and 1 hold recommendation on the stock

5 Mid Caps for MOmentum Investors

Today I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the most frequent number of new highs in the last month then again for technical buy signals of 80% or more.  Next I used the Flipchart feature to review the chart for consistency.  Today's watch list includes:

Steel Dynamics (STID, Hill-Rom (HRC), RPM International (RPM), Potlach (PCH), and Greif Bros (GEF)

Steel Dynamics (STLD)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 12.38% in the last month
• Relative Strength index 74.22%
• Technical support level at 24.13
• Recently traded at 24.69 with a 50 day moving average of 20.98

Hill-Rom (HRC)

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 14.46% in the last month
• Relative Strength Index 71.54%
• Technical support level at 52.86
• Recently traded at 53.97 with a 50 day moving average of 48.54

RPM International (RPM)

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 14.04% in the last month
• Relative Strength Index 81.55%
• Technical support level at 60.65
• Recently traded at 51.42 with a 50 day moving average of 44.49

Potlach (PCH)

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 9.90% in the last month
• Relative Strength Index 72.76%
• Technical support level at 33.56
• Recently traded at 33.95 with a 50 day moving average of 29.56

Greif Bros (GEF)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 16.89% in the last month
• Relative Strength Index 73.14%
• Technical support level at 34.45
• Recently traded at 36.04 with a 50 day moving average of 29.46

MORNING CALL 4/20

MORNING CALL

Wednesday, April 20th, 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 unchanged as a nearly 2% decline in Intel in pre-market trading undercuts technology stocks. Also, energy producers are lower and weighing on the overall market as crude oil (CLM16 -1.48%) falls -1.77% in early trade after Kuwait oil workers ended their 3-day strike. Sings of increased M&A activity limited declines in equities after a consortium led by Apex Technology and PAG Asia Capital acquired Lexmark International for $3.6 billion. European stocks are up +0.23%, led by a rally in mining stocks, as both BHP Billiton Ltd. and Rio Tinto Group climbed 3% as the price of iron ore rose after BHP cut its iron ore production forecast for its Australian operations. Asian stocks settled mixed: Japan +0.19%, Hong Kong -0.93%, China -2.31%, Taiwan 01.38%, Australia +0.52%, Singapore -0.06%, South Korea -0.25%, India +0.11%. Chinese stocks tumbled on speculation of reduced stimulus from China's central bank after PBOC research bureau chief economist Ma Jun said that future policy operations will pay attention to heading off macroeconomic risks. Japan’s Nikkei Stock Index rallied to a 3-week high after Japanese trade data showed Japan exports and imports fell less than expected last month.

The dollar index (DXY00 +0.05%) is up +0.10%. EUR/USD (^EURUSD) is up +0.11%. USD/JPY (^USDJPY) is up +0.02%.

Jun T-note prices (ZNM16 -0.01%) are up +1 tick.

PBOC research bureau chief economist Ma Jun said that future policy operations, while observing the need to continue to support growth, will also pay attention to heading off macroeconomic risks, especially an over-expansion of corporate leverage. This suggests that the PBOC is satisfied with the results of its current easing measures and may not add to them as that risks creating bubbles in financial markets.

German Mar PPI was unch m/m and fell -3.1% y/y, weaker than expectations of +0.2% m/m and -2.9% y/y, with the -3.1% y/y fall the largest year-on-year decline in 6 years.

Japan’s Mar trade balance was in surplus by 755.0 billion yen, narrower than expectations of a 834.6-billion-yen surplus. Mar exports fell -6.8% y/y, less than expectations of -7.0% y/y and Mar imports fell -14.9% y/y, a smaller decline than expectations of -16.6% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +10.0% with purchase sub-index +8.4% and refi sub-index +11.3%), and (2) Mar existing home sales (expected +3.9% to 5.28 million, Feb -7.1% to 5.08 million).

There are 25 of the S&P 500 companies that report earnings today with notable reports including: American Express (consensus $1.33), Abbott Labs (0.39), Coca-Cola (0.44), Kinder Morgan (0.19), Citrix (0.92), Newmont Mining (0.18), Yum Brands (0.83).

U.S. IPO's scheduled to price today: American Rental Associates (ARA).

Equity conferences during the remainder of this week include: American Academy Of Neurology Meeting on Mon-Wed, American Association for Cancer Research Meeting on Mon-Wed, Rx Sample Management and logistics Summit on Tue-Wed.

OVERNIGHT U.S. STOCK MOVERS

Intel (INTC -0.16%) lost nearly 2% in pre-market trading after it said Q2 net revenue will be about $13.5 billion, below consensus of $14.2 billion, and said it will cut 12,000 jobs, or 11% of its workforce.

Halliburton (HAL +2.69%) declined 1% in pre-market trading as the price of crude oil is down -1.77% in early trade.

Lexmark International (LXK +0.99%) jumped over 10% in pre-market-trading after it was acquired by a consortium led by Apex Technology and PAG Asia Capital for $3.6 billion.

Boeing (BA +0.54%) slipped 2% in pre-market trading after Bank of America downgraded it to 'Underperform' from 'Neutral.'

Yahoo! (YHOO -0.52%) climbed over 1% in after-hours trading after it reported Q1 adjusted Ebitda of $147 million, above consensus of $115.9 million.

Intuitive Surgical (ISRG -0.52%) gained nearly 2% in after-hours trading after it reported Q1 adjusted EPS of $4.42, better than consensus of $4.33.

Global Payments (GPN -0.42%) rose over 1% in after-hours trading when it was announced that it will replace GameStop GME in the S&P 500 at the end of trading on Friday, April 22.

Discover Financial Services (DFS +1.15%) climbed 4% in after-hours trading after it reported Q1 EPS of $1.35, better than consensus of $1.29.

VMware (VMW -0.44%) jumped over 10% in after-hours trading after it reported Q1 adjusted EPS of 86 cents, higher than consensus of 84 cents, and said it authorized a $1.2 billion stock buyback program.

Woodward (WWD +0.04%) slid over 2% in after-hours trading after it reported Q2 adjusted EPS of 65 cents, below consensus of 66 cents.

Interactive Brokers Group (IBKR -0.55%) rose nearly 4% in after-hours trading after it reported Q1 comprehensive EPS of 60 cents, well above consensus of 47 cents.

Manhattan Associates (MANH +0.51%) gained over 7% in after-hours trading after it raised guidance on fiscal 2016 adjusted EPS to $1.73-$1.76 from a February 2 estimate of $1.69-$1.72, above consensus of $1.71.

CalAmp (CAMP +1.69%) fell over 7% in after-hours trading after it said it sees fiscal 2017 adjusted EPS from continuing operations of $1.15-$1.35, below consensus of $1.43.

MARKET COMMENTS

June E-mini S&Ps (ESM16 +0.18%) this morning are unchanged. Tuesday's closes: S&P 500 +0.31%, Dow Jones +0.27%, Nasdaq -0.62%. The S&P 500 on Tuesday rose to a 4-1/2 month high and closed higher on strength in energy-producer stocks as crude oil rallied 3%, on a rally in commodity producers after silver surged +4.4% to a 10-1/2 month high, and on a decent start to Q1 corporate earnings season. Stock prices were undercut by the-8.8% decline in U.S. Mar housing starts to a 5-month low of 1.089 million, weaker than expectations of -1.1% to 1.166 million.

June 10-year T-note prices (ZNM16 -0.01%) this morning are up +1 tick. Tuesday's closes: TYM6 -4.50, FVM6 -4.00. Jun T-notes on Tuesday closed lower on reduced safe-haven demand for T-notes with the rally in he S&P 500 to a 4-1/2 month high, on the rise in the 10-year T-note breakeven inflation expectations rate to a 2-week high, and on hawkish comments from Boston Fed President Rosengren who said "we will be raising rates faster than what's reflected in the financial markets."

The dollar index (DXY00 +0.05%) this morning is up +0.096 (+0.10%). EUR/USD (^EURUSD) is up +0.0012 (+0.11%). USD/JPY (^USDJPY) is up +0.02 (+0.02%). Tuesday's closes: Dollar Index -0.514 (-0.54%), EUR/USD +0.0045 (+0.40%), USD/JPY +0.39 (+0.36%). The dollar index on Tuesday closed lower on the weaker-than-expected U.S. Mar housing starts report and on strength in EUR/USD after the German Apr ZEW expectations index rose more than expected to a 4-month high.

June WTI crude oil (CLM16 -1.48%) is down -75 cents (-1.77%). June gasoline (RBM16 -0.66%) is down -0.0107 (-0.71%). Tuesday's closes: CLM6 +1.28 (+3.11%), RBM6 +0.0428 (+2.94%). Jun crude oil and gasoline on Tuesday settled higher on a weaker dollar, the third day of the Kuwaiti oil workers strike that has slashed Kuwait oil production by 50%, and the rally in the S&P 500 to a 4-1/2 month high.

GLOBAL EVENT CALENDAR04/20/2016

US	0700 ET	Weekly MBA mortgage applications, previous +10.0% with purchase sub-index +8.4% and refi sub-index +11.3%.
	1000 ET	Mar existing home sales expected +3.9% to 5.28 million, Feb -7.1% to 5.08 million.
	1030 ET	EIA Weekly Petroleum Status Report.
JPN	0200 ET	Revised Japan Mar machine tool orders.
GER	0200 ET	German Mar PPI expected +0.2% m/m and -2.9% y/y, Feb -0.5% m/m and -3.0% y/y.
UK	0430 ET	UK Mar jobless claims change expected -10,000, Feb -18,000. Mar claimant count rate expected unch at 2.1%.
	0430 ET	UK Feb avg weekly earnings expected +2.3% 3-mon avg y/y, Jan +2.1% 3-mon avg y/y. Feb avg weekly earnings ex-bonus expected +2.1% 3-mon avg y/y, Jan +2.2% 3-mon avg y/y.
	0430 ET	UK ILO unemployment rate expected +5.1% 3-months through Feb, previous 5.1% 3-months through Jan.

U.S. STOCK CALENDAR04/20/2016

Company	Ticker	Time	Event Description	Period	Estimate
Abbott Laboratories	ABT US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.393
Coca-Cola Co/The	KO US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.444
Textron Inc	TXT US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.516
Huntington Bancshares Inc/OH	HBAN US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.201
US Bancorp	USB US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.758
Amphenol Corp	APH US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.565
TE Connectivity Ltd	TEL US	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.891
Nielsen Holdings PLC	NLSN US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.501
EMC Corp/MA	EMC US	7:00	Q1 2016 Earnings Release	Q1 2016	0.334
St Jude Medical Inc	STJ US	7:15	Q1 2016 Earnings Release	Q1 2016	0.885
EQT Corp	EQT US	8:00	Annual General Meeting	Y 2016
Illinois Tool Works Inc	ITW US	8:00	Q1 2016 Earnings Release	Q1 2016	1.259
Textron Inc	TXT US	8:00	Q1 2016 Earnings Call	Q1 2016
St Jude Medical Inc	STJ US	8:00	Q1 2016 Earnings Call	Q1 2016
Navient Corp	NAVI US	8:00	Q1 2016 Earnings Call	Q1 2016
Nielsen Holdings PLC	NLSN US	8:00	Q1 2016 Earnings Call	Q1 2016
EMC Corp/MA	EMC US	8:30	Q1 2016 Earnings Call	Q1 2016
TE Connectivity Ltd	TEL US	8:30	Q2 2016 Earnings Call	Q2 2016
Abbott Laboratories	ABT US	9:00	Q1 2016 Earnings Call	Q1 2016
Coca-Cola Co/The	KO US	9:00	Q1 2016 Earnings Call	Q1 2016
Huntington Bancshares Inc/OH	HBAN US	9:00	Q1 2016 Earnings Call	Q1 2016
US Bancorp	USB US	9:00	Q1 2016 Earnings Call	Q1 2016
Stanley Black & Decker Inc	SWK US	9:30	Annual General Meeting
Illinois Tool Works Inc	ITW US	10:00	Q1 2016 Earnings Call	Q1 2016
SanDisk Corp	SNDK US	10:00	Webinar - GleSYS success story
Newmont Mining Corp	NEM US	11:00	Annual General Meeting	Y 2016
Linear Technology Corp	LLTC US	11:30	Q3 2016 Earnings Call	Q3 2016
Amphenol Corp	APH US	13:00	Q1 2016 Earnings Call	Q1 2016
Stryker Corp	SYK US	16:00	Q1 2016 Earnings Release	Q1 2016	1.202
F5 Networks Inc	FFIV US	16:00	Q2 2016 Earnings Release	Q2 2016	1.627
Kinder Morgan Inc/DE	KMI US	16:00	Q1 2016 Earnings Release	Q1 2016	0.187
Tractor Supply Co	TSCO US	16:01	Q1 2016 Earnings Release	Q1 2016	0.464
Mattel Inc	MAT US	16:05	Q1 2016 Earnings Release	Q1 2016	-0.074
Citrix Systems Inc	CTXS US	16:05	Q1 2016 Earnings Release	Q1 2016	0.924
Stryker Corp	SYK US	16:30	Q1 2016 Earnings Call	Q1 2016
F5 Networks Inc	FFIV US	16:30	Q2 2016 Earnings Call	Q2 2016
Kinder Morgan Inc/DE	KMI US	16:30	Q1 2016 Earnings Call	Q1 2016
QUALCOMM Inc	QCOM US	16:45	Q2 2016 Earnings Call	Q2 2016
Citrix Systems Inc	CTXS US	16:45	Q1 2016 Earnings Call	Q1 2016
American Express Co	AXP US	17:00	Q1 2016 Earnings Call	Q1 2016
Danaher Corp	DHR US	17:00	ITC Final Decision Due in Instradent vs. Danaher Corp. Patent Case
Mattel Inc	MAT US	17:00	Q1 2016 Earnings Call	Q1 2016
Lam Research Corp	LRCX US	17:00	Q3 2016 Earnings Call	Q3 2016
Tractor Supply Co	TSCO US	17:00	Q1 2016 Earnings Call	Q1 2016
American Express Co	AXP US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	1.331
Newmont Mining Corp	NEM US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.182
Lam Research Corp	LRCX US	Aft-mkt	Q3 2016 Earnings Release	Q3 2016	1.087
QUALCOMM Inc	QCOM US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.962
SL Green Realty Corp	SLG US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	1.657
Yum! Brands Inc	YUM US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.83
United Rentals Inc	URI US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	1.201
United Continental Holdings Inc	UAL US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	1.18
CR Bard Inc	BCR US		Annual General Meeting
Sherwin-Williams Co/The	SHW US		Annual General Meeting