Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2016-06-12

Saturday, June 18, 2016

Terreno Realty - Chart of the Day

Terreno Realty (TRNO) is the Barchart Chart of the Day. The REIT has a Trend Spotter buy signal, a Weighted Alpha of 25.00 +, gained 22.78% in the last year and paid a 2.84% dividend.

The Chart of the Day belongs to Terreno Realty (TRNO). I found the REIT by using Barchart to sort today's All Time High list first for the most frequent number of new highgs in the last month, then again for technical buy signals of 80% or more.

Terreno Realty Corporation is an internally managed real estate investment trust (REIT) focused on acquiring industrial real estate located in major coastal U.S. markets. The Company's main focus is on markets in Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area; and Washington, D.C./Baltimore. Terreno Realty Corporation focuses on investing in several types of industrial real estate, including warehouse/distribution, flex (including light manufacturing, and research and development) and trans-shipment. The Company will target functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets, in which it operates. The Company will utilize local third-party property managers for day-to-day property management. Terreno Realty Corporationy will make all operating and leasing decisions on its properties.

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 9.48% in the last month
Relative Strength Index 70.41%
Technical support level at 24.66
Recently traded at 25.17 with a 50 day moving average of 23.51

Fundamental factors:

Market Cap $1.09 billion
P/E 27.55
Dividend yield 2.84%
Revenue expected to be down 4.70% this year but up again by 16.50% next year
Earnings estimated to increase 20.2% this year, an additional 13.90% next year and continue to compound at an annual rate of 10.00% for the next 5 years
Wall Street analysts issued 3 strong buy, 5 buy and 5 hold recommendations on the stock

Friday, June 17, 2016

Middlesex Water Chart of the Day

Middlesex Water (MSEX) is the Barchart Chart of the Day. The water distribution compnay has a TRend Spotter buy signal, a Weighted Alpha of 92.90+, gained 86.07% in the last year and paid a 2.01% dividend.

The Chart of the Day belongs to Middlesex Water (MSEX), I found the water distribution 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.

Middlesex Water Company treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes.

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 9.67% in the last month
Relative Strength Index 68.49%
Technical support level at 38.91
Recently traded at 40.62 with a 50 day moving average of 36.74

Fundamental factors:

Market Cap $659.67 million
P/E 30.73
Dividend yield 2.01%
Revenue expected to grow 1.60% this year and another 2.30% next year
Earnings estimated to increase at an annual rate of 2.70% for the next 5 years
Wall Street is not following this stock yet but the contributors on Motley Fool voted 62 to 8 that he stock will beat the market

MORNING CALL 6/17

MORNING CALL

Friday, June 17th, 2016View Older Reports

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

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

OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps are down -0.18% and European stocks are up +1.07% as Brexit concerns temporarily receded after campaigning over whether the UK should leave the European Union was suspended for a second day today after the murder of Labor lawmaker Jo Cox, an advocate for Britain to remain in the EU. A weaker dollar has also boosted commodity prices, which has strengthened energy and raw-material producing stocks. Asian stocks settled higher: Japan +1.07%, Hong Kong +0.66%, China +0.43%, Taiwan +0.87%, Australia +0.32%, Singapore +0.43%, South Korea +0.01%, India +0.38%.

The dollar index is down -0.17%. EUR/USD is up +0.33%. USD/JPY is unchanged.

Sep T-note prices are down -11 ticks.

The BOE warns that if Britain votes next Thursday to leave the European Union, the damage could extend to global markets and the word economy. Central banks around the world are on high alert ahead of the vote with the leaders of the Fed, BOJ, BOC and SNB all citing the vote as being potentially disruptive. The BOE said a vote to leave could have "adverse spillovers to the global economy" through "financial market and confidence channels."

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) May housing starts (expected -1.9% to 1.150 million, Apr +6.6% to 1.172 million) and May building permits (expected +1.3% to 1.145 million, Apr +4.9% to 1.130 million).

None of the Russell 1000 companies report earnings today.

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

Equity conferences today include: none.

OVERNIGHT U.S. STOCK MOVERS

Phillips 66 (PSX +0.37%) was downgraded to 'Equal Weight' from 'Overweight' at Morgan Stanley.

Oracle (ORCL +0.52%) climbed over 2% in after-hours trading after it reported Q4 adjusted EPS of 81 cents, below consensus of 82 cents, but Q4 adjusted revenue of $10.6 billion was higher than consensus of $10.47 billion.

Smith & Wesson (SWHC +1.26%) jumped nearly 7% in after-hours trading after it reported Q4 adjusted EPS of 66 cents, well above consensus of 54 cents, and then raised guidance on fiscal 2017 adjusted EPS to $1.83-$1.93, above consensus of $1.66.

Parsley Energy (PE -2.77%) was rated a new 'Buy' at Wunderlich Securities with an 18-month price target of $32.

Envision Healthcare Holdings (EVHC -6.18%) was downgraded to 'Market Perform' from 'Outperform' at Oppenheimer.

Finisar (FNSR +0.80%) rallied over 8% in after-hours trading after it reported Q4 adjusted EPS of 29 cents, above consensus of 25 cents.

MGM Resorts International (MGM -1.47%) rose over 4% in after-hours trading after guiding annual adjusted Ebitda benefit to $400 million by the end of 2017 from $300 million previously forecast.

Revlon will buy Elizabeth Arden (RDEN -0.21%) for $14/ share cash if deal valued at $870 million.

Lumber Liquidators (LL +0.68%) jumped over 10% in after-hours trading after agreed to not resume sales of laminate flooring previously imported from China and the U.S, Consumer Product Safety Commission said it will not order a product recall.

ServiceNow (NOW -1.06%) was rated a new 'Market Perform' at Oppenheimer.

Paypal Holdings (PYPL +0.35%) was rated a new 'Outperform' at Oppenheimer with a price target of $43.

Synergy Resources Corp. (SYRG -4.24%) was rated a 'Strong Buy' at Raymond James with a 12-month price target of $9.50.

Stanley Furniture (STLY -1.56%) said it hired Stephens as financial adviser on a strategic review.

MARKET COMMENTS

September E-mini S&Ps this morning are down -3.75 points (-0.18%). Thursday's closes: S&P 500 +0.31%, Dow Jones +0.53%, Nasdaq +0.21%. The S&P 500 on Thursday rebounded from a 3-week low and closed higher on reduced Brexit concerns after the murder of a UK lawmaker fueled speculation that UK voters will vote to remain in the EU. Stocks were also boosted by stronger-than-expected U.S. economic data after the +6.5 point increase in the Jun Philadelphia Fed business outlook survey to 4.7 (stronger than expectations of +2.8 to 1.0) and the +2 point gain in the Jun NAHB housing market index to 60 (stronger than expectations of +1 to 59 and a 5-month high). Stocks were undercut by the slide in European stocks to a 4-month low on concern about a possible UK "Leave" vote next Thursday. Stocks were also undercut by the unexpected +13,000 increase in weekly initial unemployment claims.

Sep 10-year T-note prices this morning are down -11 ticks. Thursday's closes: TYU6 +6.50, FVU6 +3.50. Sep T-notes on Thursday rallied to a new contract high and closed higher on increased safe-haven demand from a slide in global stocks and on carryover support from rallies in 10-year German bunds and Japanese 10-year JGBs to all-time highs. T-notes were also boosted by reduced inflation expectations as the 10-year T-note breakeven inflation rate fell to a 3-1/4 month low.

The dollar index this morning is down -0.160 (-0.17%). EUR/USD is up +0.0037 (+0.33%). USD/JPY is unchanged. Thursday's closes: Dollar Index-0.318 (-0.33%), EUR/USD -0.0023 (-0.20%), USD/JPY -1.64 (-1.55%). The dollar index on Thursday climbed to a 1-1/2 week high but fell back and closed lower. The dollar was undercut by a recovery in GBP/USD from a 2-month low after the murder of a UK lawmaker fueled speculation that UK voters will vote to remain in the EU. The dollar was also undercut as USD/JPY plunged to a 1-3/4 year low after the BOJ refrained from expanding stimulus. The dollar found support on weakness in EUR/USD on Brexit fears and on stronger-than-expected U.S. economic data that included the Jun NAHB housing market index and the Jun Philadelphia Fed index.

July WTI crude oil this morning is up +71 cents (+1.54%). July gasoline is up +0.0303 (+2.07%). Thursday's closes: CLN6 -1.85 (-3.85%), RBN6 -0.0329(-2.19%). July crude oil and gasoline prices on Thursday closed lower with July crude at a 1-month low and July gasoline at a 5-week low. Crude oil prices were undercut by concern about a possible UK Leave Brexit vote next week and the the fall in the S&P 500 to a 3-week low, which undercuts optimism about the economy and energy demand.

GLOBAL EVENT CALENDAR06/17/2016

		Friday, June 17, 2016
US	0830 ET	May housing starts expected -1.9% to 1.150 million, Apr +6.6% to 1.172 million. May building permits expected +1.3% to 1.145 million, Apr +4.9% to 1.130 million.
CHI	2130 ET	China May property prices.
		Sunday, June 19, 2016
UK	1901 ET	UK Jun Rightmove house prices, May +0.4% m/m and +7.8% y/y.
JPN	1950 ET	Japan May trade balance expected +26.5 billion yen, Apr +623.2 billion yen. May exports expected -10.0% y/y, Apr -10.1% y/y. May imports expected -13.7% y/y, Apr -23.3% y/y.
		Monday, June 20, 2016
JPN	0130 ET	Japan May nationwide department store sales, Apr -3.8% y/y.
GER	0200 ET	German May PPI, Apr +0.1% m/m and -3.1% y/y.
EUR	0500 ET	Eurozone Apr construction output, Mar -0.9% m/m and -0.5% y/y
US	1100 ET	USDA weekly grain export inspections.
	1300 ET	Treasury auctions 2-year T-notes.
	1600 ET	USDA Weekly Crop Progress.

U.S. STOCK CALENDAR06/17/2016

Company	Ticker	Time	Event Description	Period
Centene Corp	CNC	8:30	Investor Day	Y 2016
Eli Lilly & Co	LLY	9:00	Diabetes Commercial Update Call
Cardinal Health Inc	CAH	10:00	Investors and Analysts Meeting - Dublin	Y 2016
Signet Jewelers Ltd	SIG	10:00	Annual General Meeting	Y 2016
Iron Mountain Inc	IRM	10:00	Annual General Meeting	Y 2016
Time Warner Inc	TWX		Annual General Meeting
Cree Inc	CREE		ITC Scheduled to Announce Findings in Cree Inc. vs. Feit Electric Patent Case
Fortinet Inc	FTNT		Annual General Meeting

Thursday, June 16, 2016

Allete - Chart of the Day

Allete (ale) is the Barchart Chart of the Day. The electric utility has a Trend Spotter buy signal, a Weighted Alpha of 27.20+, gained 26.63% in the last year and paid a 3.39% dividend.

The Chart of the Day belongs to Allette (ALE). I found the electric utility 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 more. Next I used the Flipchart feature to review the charts for consistency.

Allete is an energy company. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, Allete owns Allete Clean Energy, based in Duluth, U.S. Water Services headquartered in St. Michael, Minn., BNI Energy in Center, N.D., and has an eight percent equity interest in the American Transmission Co.

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 6.38% in the last month
Relative Strength Index 66.54%
Technical support level at 59.85
Recently traded at 60.54 with a 50 day moving average of 56.87

Fundamental factors:

Market Cap $2.98 billion
P/E 20.40+
Dividend yield 3.39%
Revenue expected to be down 8.90% this year but up again by 1.50% next year
Earnings estimated to increase 4.20% this year, an additional 10.00% next year and continue to compound annually at the rate of 3.00% for the next 5 years
Wall STreet analysts issued 1 strong buy, 2 buy, 2 hold and 1 under perform recommendation on the stock

MORNING CALL 6/16

MORNING CALL

Thursday, June 16th, 2016View Older Reports

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

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

OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU16 -0.48%) are down -0.34% at a 3-week low and European stocks are down -0.56% at a 3-3/4 month low as central banks express concern about the global economic outlook due to the June 23 Brexit referendum. Fed Chair Yellen said next week's UK vote on European Union membership was a factor in the Fed's decision yesterday to hold interest rates steady, and the BOJ refrained from expanding stimulus on concern any fallout from a Brexit vote would leave its policy moves ineffective. Gold prices (GCQ16 +1.57%) surged to a 1-3/4 year high as the outlook for low U.S. interest rates and Brexit concerns fueled safe-haven demand for gold. The BOE as expected kept its benchmark interest rate at 0.50% and maintained its asset purchase target at 375 billion pounds. Crude oil dropped to a 4-week low as most commodities followed world equity markets lower, while global government bond markets rallied sharply with 10-year yields in Japan, Australia, South Korea and Germany all falling to record lows. Asian stocks settled lower: Japan -3.05%, Hong Kong -2.10%, China -0.50%, Taiwan -1.30%, Australia -0.02%, Singapore -0.82%, South Korea -0.69%, India -0.75%. Japan's Nikkei Stock Index tumbled to a 3-3/4 month low after the BOJ refrained from additional stimulus measures along with the slide in USD/JPY to a 1-3/4 year low, which undercut exporter stocks.

The dollar index (DXY00 +0.36%) is up +0.21%. EUR/USD (^EURUSD) is down -0.52%. USD/JPY (^USDJPY) is down -1.63% at a 1-3/4 year low.

Sep T-note prices (ZNU16 +0.19%) are up +7.5 ticks at a new contract high on carryover support from yesterday's Fed decision along with rallies in world bond markets.

The BOJ kept its benchmark interest rate at -0.1% and maintained its annual asset purchase target at 80 trillion yen ($764 billion). The yen surged to a 1-3/4 year high against the dollar and the Japan 10-year bond yield fell to a record low -0.21% after the BOJ's decision. BOJ Governor Kuroda said the BOJ was carefully monitoring moves in financial markets and was in touch with counterparts including the BOE, amid Brexit concerns that he said had had an impact in the bond market.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +6,000 to 270,000, previous -4,000 to 264,000) and continuing claims (expected +45,000 to 2.140 million, previous -77,000 to 2.095 million), (2) May CPI (expected +0.3% m/m and +1.1% y/y, Apr +0.4% m/m and +1.1% y/y) and May CPI ex food & energy (expected +0.2% m/m and +2.2% y/y, Apr +0.2% m/m and +2.1% y/y), (3) Jun Philadelphia Fed business outlook survey (expected +2.8 to 1.0, May -0.2 to -1.8), (4) Q1 current account deficit (expected -$125.0 billion, Q4 -$125.31 billion), and (5) Jun NAHB housing market index (expected +1 to 59, May unch at 58), and (6) USDA weekly Export Sales.

There are 3 of the Russell 1000 companies that report earnings today: Oracle (consensus $0.82), Kroger (0.69), Rite Aid (0.05).

U.S. IPO's scheduled to price today: PSAV Inc (PSAV).

Equity conferences today include: William Blair & Company Growth Stock Conference on Tue-Thu and RBC Capital Markets Global Financial Technology Investor Day on Thu.

OVERNIGHT U.S. STOCK MOVERS

Chubb Ltd. (CB -0.10%) was downgraded to 'Underweight' from 'Neutral' at Atlantic Equities.

Aetna (AET +0.30%) was rated a new 'Outperform' at Bernstein with a price target of $142.

Yahoo! (YHOO -0.21%) was upgraded to 'Buy' from 'Neutral' at Citigroup with a price target of $43.

Ctrip.com International Ltd. (CTRP -2.14%) climbed 5% in after-hours trading after it reported Q1 net revenue of $648 million, higher than consensus of $629 million.

Kansas City Southern (KSU -1.58%) was rated a new 'Outperform' at Oppenheimer with an 18-month price target of $103.

Cal-Maine Foods (CALM -0.37%) was upgraded to 'Hold' from 'Underweight' at BB&T Capital Markets.

Hannon Armstrong Sustainable Infrastructure (HASI +0.48%) slid over 4% in after-hours trading after it started a 3.9 million share secondary offering

Culp (CFI +1.50%) reported Q4 net sales of $77.3 million, below consensus of $79.1 million, and said it sees Q1 comparable sales slightly lower y/y.

Jabil Circuit (JBL -0.32%) slumped 8% in after-hours trading after it said it expects Q4 core EPS between 15 cents and 35 cents, well below consensus of 53 cents.

Korn/Ferry (KFY -2.51%) lost over 1% in after-hours trading after it said it sees Q1 adjusted EPS of 50 cents-58 cents, below consensus of 58 cents.

Cavium (CAVM +3.81%) will acquire QLogic ({=QLGC for about $1.36 billion in cash and stock.

Clarcor (CLC +0.65%) reported Q2 adjusted EPS of 73 cents. better than consensus of 68 cents.

Tonix Pharmaceuticals Holding Corp. (TNXP -2.77%) dropped 12% in after-hours trading after it announced a proposed public offering of common stock.

MARKET COMMENTS

September E-mini S&Ps (ESU16 -0.48%) this morning are down -7.00 points at a new 3-week low. Wednesday's closes: S&P 500 -0.18%, Dow Jones-0.20%, Nasdaq -0.35%. The S&P 500 on Wednesday closed lower on the -0.4% decline in U.S. May manufacturing production (weaker than expectations of -0.1%) and on the FOMC's cut in its U.S. 2016 GDP forecast to 2.0% from 2.2%. Stocks received support from reduced concern about a Fed rate hike after the number of FOMC members who see only one rate hike this year rose to 6 from 1 in March. Stocks were also boosted by a rally in mining stocks and raw-material producers after the price of copper jumped to a 1-week high and silver rose to a 1-month high. Another supportive factor was the +15.3 point increase in the U.S. Jun Empire manufacturing survey to 6.01, stronger than expectations of +4.12 to -4.90.

Sep 10-year T-note prices (ZNU16 +0.19%) this morning are up +7.5 ticks at a fresh contract high. Wednesday's closes: TYU6 +9.50, FVU6 +6.25. Sep T-notes on Wednesday rose to a fresh contract high and closed higher on the FOMC's reiteration of its plan to raise interest rates at only a "gradual" pace and its cut in its U.S. 2016 GDP estimate to 2.0% from 2.2%. T-notes were also supported by the bigger-than-expected decline in U.S. May industrial and manufacturing production and by reduced inflation expectations as the 10-year T-note breakeven inflation rate fell to a 3-month low.

The dollar index (DXY00 +0.36%) this morning is up +0.196 (+0.21%). EUR/USD (^EURUSD) is down -0.0058 (-0.52%). USD/JPY (^USDJPY) is down-1.73 (-1.63%) a t 1-3/4 year low. Wednesday's closes: Dollar Index -0.318 (-0.33%), EUR/USD +0.0053 (+0.47%), USD/JPY -0.10 (-0.09%). The dollar index on Wednesday closed lower on the weaker-than-expected U.S. May industrial and manufacturing production reports and the dovish outcome of the FOMC meeting, which hurt U.S. interest rate differentials.

July WTI crude oil (CLN16 -1.44%) this morning is down -64 cents (-1.33%) at a 4-week low. July gasoline (RBN16 -0.53%) is down -0.0075 (-0.50%). Wednesday's closes: CLN6 -0.48 (-0.99%), RBN6 -0.0199 (-1.31%). July crude oil and gasoline prices on Wednesday closed lower with July crude at a 3-week low and July gasoline at a 1-month low. Crude oil prices were undercut by the -933,000 bbl decline in weekly EIA crude inventories (vs expectations of -2.35 million bbl) and the +904,000 bbl increase in crude oil supplies at Cushing. Crude oil prices found support from news that U.S. crude oil production in the week ended Jun 10 fell -0.3% to a 1-3/4 year low of 8.716 million bpd.

GLOBAL EVENT CALENDAR06/16/2016

		Thursday, June 16, 2016
US	0830 ET	Weekly initial unemployment claims expected +6,000 to 270,000, previous -4,000 to 264,000. Weekly continuing claims expected +45,000 to 2.140 million, previous -77,000 to 2.095 million.
	0830 ET	May CPI expected +0.3% m/m and +1.1% y/y, Apr +0.4% m/m and +1.1% y/y. May CPI ex food & energy expected +0.2% m/m and +2.2% y/y, Apr +0.2% m/m and +2.1% y/y.
	0830 ET	Jun Philadelphia Fed business outlook survey expected +2.8 to 1.0, May -0.2 to -1.8.
	0830 ET	Q1 current account balance expected -$125.0 billion, Q4 -$125.31 billion.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Jun NAHB housing market index expected +1 to 59, May unch at 58.
	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), 7-year T-notes (previous $28 billion), and 30-year TIPS (previous $7 billion) to be auctioned Jun 20-23.
		Friday, June 17, 2016
EUR	0500 ET	Eurozone Q1 labor costs, Q4 +1.3% y/y.
	1100 ET	ECB President Mario Draghi speaks at an event in Munich.
US	0830 ET	May housing starts expected -1.9% to 1.150 million, Apr +6.6% to 1.172 million. May building permits expected +1.3% to 1.145 million, Apr +4.9% to 1.130 million.
CHI	2130 ET	China May property prices.

U.S. STOCK CALENDAR06/16/2016

Company	Ticker	Time	Event Description	Period	Estimate
Kroger Co/The	KR US	Bef-mkt	Q1 2017 Earnings Release	Q1 2017	0.69
Rite Aid Corp	RAD US	7:00	Q1 2017 Earnings Release	Q1 2017	0.047
Dollar Tree Inc	DLTR US	8:00	Annual General Meeting
Principal Financial Group Inc	PFG US	8:00	Roadshow - Chicago	Y 2016
Multiple Companies	AMSG US	8:30	Envision Healthcare Holdings, Inc and AMSURG Corp Merger Call
PVH Corp	PVH US	8:45	Annual General Meeting	Y 2016
Kroger Co/The	KR US	10:00	Q1 2017 Earnings Call	Q1 2017
T-Mobile US Inc	TMUS US	12:30	Annual General Meeting	Y 2016
Equity Residential	EQR US	14:00	Annual General Meeting	Y 2016
MGM Resorts International	MGM US	16:15	Analysts and Investor Day	Y 2016
Oracle Corp	ORCL US	17:00	Q4 2016 Earnings Call	Q4 2016
Oracle Corp	ORCL US	Aft-mkt	Q4 2016 Earnings Release	Q4 2016	0.815
Avangrid Inc	AGR US		Annual General Meeting
WP Carey Inc	WPC US		Annual General Meeting
Kosmos Energy Ltd	KOS US		Annual General Meeting
Brixmor Property Group Inc	BRX US		Annual General Meeting	Y 2016
Santander Consumer USA Holdings Inc	SC US		Annual General Meeting
Juno Therapeutics Inc	JUNO US		Annual General Meeting
Four Corners Property Trust Inc	FCPT US		Annual General Meeting

Tuesday, June 14, 2016

California Water Service Group - Chart of the Day

California Water Service Group (CWT) is the Barchart Chart of the Day. The water utility company has a Trend Spotter buy signal, a Weighted Alpha of 51.60+, gained 35.50% in the last year and paid a 2.16% dividend.

The Chart of the Day belongs to California Water Services Group (CWT). I found the water utility stock by using Barchart to sort today's All Time High list first for the highest 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 charts. Since the Trend Spotter signaled a buy on 5/24 the stock gained 12.51%.

California Water Service Company's business, which is carried on through its operating subsidiaries, consists of the production, purchase, storage, purification, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. It also provides water related services under agreements with municipalities and other private companies. The nonregulated services include full water system operation, and billing and meter reading services.

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 12.59%
Relative Strength Index 80.61
Technical support level at 31.46
Recently traded at 32.29 with a 50 day moving average of 28.57

Fundamental factors:

Market Cap $1.55 billion
P/E 35.85
Dividend yield 2.16%
Revenue expected to grow 2.40% this year and another 11.00% next year
Earnings estimated to increase 10.60% this year, an additional 13.70% next year and continue to compound at an annual rate of 9.05% for the next 5 years
Wall Street analysts issued 5 hold recommendations on the stock

5 Large Caps Bucking the Trend

The S&P 500 has been on a down trend for the last 4 days so I wanted to find the stocks that were holding up well. I used Barchart to sort the S&P 500 Large Cap Index stocks to find the ones with the highest technical buy signals. Today's Watch List includes:

Dentsply Sirona (XRAY), XCEL Energy (XEL), Wisconsin Energy (WEC), Ventas (VTR), and AT&T (T)

Dentsply Sirona (XRAY)