Spirit Realty Capital - Chart of the Day

Spirit Realty Capital (SRC) is the Barchart Chart of the Day.  The non-residential REIT has a Trend Spotter buy signal, a Weighted Alpha of 36.41+ and gained 30.90% in the last year while paying a 5.36% dividend.

The Chart of the Day belongs to Spirit Realty Capital (SRC).  I found the non-residential REIT 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 of consistency.

Spirit Realty Capital, Inc. is a real estate investment trust. It acquires single tenant, operationally essential real estate where the tenants conduct retail, service or distribution activities. The Company has investments throughout the United States. Its portfolio of properties is leased to tenants operating in different industries which includes restaurants; general, specialty and discount retailers; movie theatres; education facilities; health, fitness and recreational facilities; automotive dealers, parts and service facilities; and supermarkets. Spirit Realty Capital, Inc. is based in Scottsdale, Arizona.

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 11.12% in the last month
• Relative Strength Index 76.81%
• Technical support level at 12.59
• Recently traded at 13.14 with a 50 day moving average of 11.90

Fundamental factors:

• Market Cap $6.24%
• P/E 15.01
• Dividend yield 5.36%
• Revenue expected to grow 5.60% this year and another 4.90% next year
• Earnings estimated to increase 6.90% next year and compound at an annual rate of 5.00% for the next 5 years
• Wall Street analysts issued 2 strong buy, 4 buy and 7 hold recommendations on the stock

Seneca Foods - Barchart Chart of the Day

Seneca Foods (SENEA) is the Barchart Chart of the Day.  The food processing company has a Trend Spotter buy signal. a Weighted Alpha of 38.45+ and gained 35.43% in the last year.

The Chart of the Day belongs to Seneca Foods (SENEA). I found the food processing stock by Barchart to sort today's All Time High list first for the most frequent number f new highs in the last month, then again for technical buy signals of 80% or more. I used the Flipchart feature to review the charts for consistency

Seneca Foods Corporation is an independent, publicly traded, food processing company. They are a fully integrated producer, having made significant investments in facilities and technologies to enhance manufacturing processes, increase line speeds and guarantee premium quality. At Seneca, they even develop crop seeds and manufacture their own cans to give an additional competitive advantage.

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
• 14 new highs and up 19.06% in the last month
• Relative Strength Index 68.99%
• Technical support level at 35.92
• Recently traded at 37.88 with a 50 day moving average of 33.49

Fundamental factors:

• Market Cap $373.88 million
• P/E 9.55
• Wall Street analysts are not following this stock yet
• The individual investor posting on Motley Fool vote 90 to 3 that the stock will beat the market

TRENDING STOCKS 7/7

Sym	Name	Last	Change	Percent	High	Low	Volume	Time	Links
SIRI	Sirius XM Holdings I	4.03	+0.04	+1.00%	4.05	3.99	25,749,453	10:29
WWAV	The Whitewave Foods Company	56.35	+8.92	+18.81%	56.82	56.26	25,140,986	10:29
LYG	Lloyds Banking Group Plc	2.67	+0.12	+4.71%	2.67	2.62	23,298,227	10:29
BAC	Bank of America Corp	13.07	+0.21	+1.63%	13.11	12.85	21,394,983	10:29
VRX	Valeant Pharmaceuticals Intl	23.07	+0.01	+0.04%	24.25	22.93	19,341,620	10:29
MU	Micron Technology	12.49	+0.76	+6.48%	12.52	11.89	14,375,688	10:29
FCX	Freeport-Mcmoran Inc	11.11	+0.22	+2.02%	11.41	10.93	13,466,450	10:29
PBR	Petroleo Brasileiro S.A.- Petrobras	7.44	+0.44	+6.29%	7.58	7.24	12,734,513	10:29
AVG	Avg Technologies N.V.	24.70	+5.91	+31.45%	24.87	24.61	8,353,664	10:29
INTC	Intel Corp	33.48	+0.51	+1.55%	33.55	32.96	7,536,691	10:29

MORNING CALL 7/7

MORNING CALL

Thursday, July 7th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU16 -0.12%) are down -0.06% ahead of Jun ADP employment data later this morning and European stocks are up +1.21%. Energy producing stocks higher as crude oil (CLQ16 +1.08%) is up +0.97% after API data released late yesterday showed U.S. crude stockpiles dropped -6.7 million bbl last week. Increased M&A activity is another positive factor for stocks with Danone up 7% after it agreed to buy WhiteWave Foods for about $10 billion. EUR/USD fell -0.20% and gains in European stocks were limited after German May industrial production unexpectedly declined by the most in 1-3/4 years. Asian stocks settled mixed: Japan -0.67%, Hong Kong +1.03%, China -0.01%, Taiwan +0.76%, Australia +0.59%, Singapore -0.09%, South Korea +1.13%, India +0.13%.

The dollar index (DXY00 -0.02%) is down -0.03%. EUR/USD (^EURUSD) is down -0.20%. USD/JPY (^USDJPY)is down -0.17%.

Sep T-note prices (ZNU16 -0.05%) are unchanged.

German May industrial production unexpectedly fell -1.3% m/m, weaker than expectations of +0.1% m/m and the biggest decline in 1-3/4 years.

UK May industrial production fell -0.5% m/m and rose +1.4% y/y, stronger than expectations of -1.0% m/m and +0.5% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Jun Challenger job cuts (May -26.5% y/y), (2) June ADP employment change (expected +160,000, May +173,000), (3) weekly initial unemployment claims (expected -1,000 to 267,000, previous +10,000 to 268,000) and continuing claims (expected unch at 2.120 million, previous 20,000 to 2.120 million), and (4) EIA Weekly Petroleum Status Report.

Russell 1000 companies reporting earnings today: PepsiCo (consensus $1.29).

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

Equity conferences this week include: none.

OVERNIGHT U.S. STOCK MOVERS

First Solar (FSLR +2.85%) slipped 3% in pre-market trading after it was downgraded to 'Hold' from 'Buy' at Deutsche Bank.

WhiteWave Foods (WWAV +0.94%) jumped 18% in pre-market trading after Danone agreed to buy the company for about $10 billion.

Endologix (ELGX +2.49%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital Markets.

Depomed (DEPO +3.79%) was downgraded to 'Neutral' from 'Buy' at UBS.

Red Hat (RHT +1.25%) was downgraded to 'Equalweight' from 'Overweight' at Morgan Stanley.

Pepsico (PEP -0.47%) reported Q2 EPS of $1.35, better than consensus of $1.29.

Plains GP Holdings LP (PSGP unch) was downgraded to 'Hold' from 'Buy' at Evercore ISI.

Seagate Technology (STX +1.55%) gained almost 2% in after-hours trading after the company announced that Mark Long will become CFO in addition to his current role as chief strategy officer.

Time Warner (TWX +0.93%) was rated a new 'Buy' at Brean Capital with a 12-month price target of $90.

Western Digital (WDC +1.65%) climbed nearly 3% in after-hours trading after it reported preliminary Q4 adjusted EPS of 72 cents, above a previous forecast of 65 cents-70 cents.

CBS Corp. (CBS +0.77%) was rated a new 'Buy' at Brean Capital with a 12-month price target of $65.

MARKET COMMENTS

September E-mini S&Ps (ESU16 -0.12%) this morning are down -1.25 ponts (-0.06%). Wedneday's closes: S&P 500 +0.54%, Dow Jones +0.44%, Nasdaq +0.77%. The S&P 500 on Wednesday rebounded from early losses and closed higher on the +3.6 point increase in the U.S. Jun ISM non-manufacturing index to 56.5, stronger than expectations of +0.4 to 53.3 and the fastest pace of expansion in 7 months. Stocks were also boosted by a rally in drug companies that lifted the health-care sector.

Sep 10-year T-note prices (ZNU16 -0.05%) this morning are unchnaged. Wedneday's closes: TYU6 -7.00. FVU6 -4.25. Sep T-notes on Wednesday fell back from a 3-1/2 year nearest-futures high and closed lower on signs of economic strength after the U.S. Jun ISM non-manufacturing index expanded at the fastest pace in 7 months (+3.6 to 56.5). T-notes were also undercut by reduced safe-haven demand after the S&P 500 rebounded from early losses and moved higher. T-notes found support from carryover support from rallies in German bunds and UK gilts to all-time highs and from dovish comments from Fed Governor Tarullo who said that inflation and unemployment haven't yet reached levels that would justify an interest rate hike.

The dollar index (DXY00 -0.02%) this morning is down -0.032 (-0.03%). EUR/USD (^EURUSD) is down -0.0022 (-0.20%). USD/JPY (^USDJPY) is down-0.17 (-0.17%). Wedneday's closes: Dollar Index -0.113 (-0.12%), EUR/USD +0.0024 (+0.22%), USD/JPY -0.42 (-0.41%). The dollar index on Wednesday fell back from a 1-week high and closed lower on weakness in USD/JPY, which fell to a 1-week low, and on dovish comments from Fed Governor Tarullo who said that inflation and unemployment haven't yet reached levels that would justify an interest rate increase. The dollar index was boosted by weakness in GBP/USD which fell to a fresh 31-year low, and by the stronger-than-expected U.S. Jun ISM non-manufacturing index.

Aug WTI crude oil (CLQ16 +1.08%) this morning is up +46 cents (+0.97%). Aug gasoline (RBQ16 +2.13%) is up +0.0313 (+2.18%). Wedneday's closes: CLQ6 +0.83 (+1.78%), RBQ6 +0.0042 (+0.29%). Aug crude oil and gasoline on Wednesday closed higher as Aug crude recovered from a 1-week low and Aug gasoline rebounded from a 2-3/4 month low. Crude oil prices were boosted by a weaker dollar and by expectations that Thursday's weekly EIA report will show that U.S. crude inventories fell -2.5 million bbl.

GLOBAL EVENT CALENDAR07/07/2016

		Thursday, July 7, 2016
US	0730 ET	Jun Challenger job cuts, May -26.5% y/y.
	0815 ET	Jun ADP employment change expected +160,000, May +173,000.
	0830 ET	Weekly initial unemployment claims expected -1,000 to 267,000, previous +10,000 to 268,000. Weekly continuing claims expected unch at 2.120 million, previous -20,000 to 2.120 million.
	1100 ET	EIA Weekly Petroleum Status Report.
	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 Jul 11-13.
		Friday, July 8, 2016
US	0830 ET	Jun non-farm payrolls expected +180,000, May +38,000. Jun private payrolls expected +170,000, May +25,000. Jun manufacturing payrolls expected -1,000, May 10,000. Jun unemployment rate expected +0.1 to 4.8%, May -0.3 to 4.7%.
	0830 ET	Jun avg hourly earnings expected +0.2% m/m and +2.7% y/y, May +0.2% m/m and +2.5% y/y. Jun avg weekly hours all employees expected unch at 34.4 hours, May unch at 34.4 hours.
	0830 ET	USDA weekly Export Sales.
	1500 ET	May consumer credit expected +$16.250 billion, Apr +$13.416 billion.
	n/a	G-20 trade ministers meet in Shanghai.
JPN	0030 ET	Japan Jun bankruptcies, May -7.32% y/y.
	0100 ET	Japan Jun eco watchers survey outlook expected -0.6 to 46.7, May 47.3. Jun eco watchers survey current expected +0.1 to 43.1, May 43.0.
GER	0200 ET	German May trade balance expected +23.5 billion euros, Apr +25.7 billion euros. May exports expected +0.4% m/m, Apr +0.1% m/m. May imports expected +0.7% m/m, Apr -0.3% m/m.
	0200 ET	German May current account balance expected +24.6 billion euros, Apr +28.8 billion euros.
UK	0430 ET	UK Q1 unit labor costs expected +1.6% y/y, Q4 +1.3% y/y.

U.S. STOCK CALENDAR07/07/2016

Company	Ticker	Time	Event Description	Period	Estimate
PepsiCo Inc	PEP US	6:30	Q2 2016 Earnings Release	Q2 2016	1.294
Fastenal Co	FAST US	7:00	June 2016 Sales and Revenue Release	2016
L Brands Inc	LB US	7:30	June 2016 Sales and Revenue Call	2016
PepsiCo Inc	PEP US	8:00	Q2 2016 Earnings Call	Q2 2016
Gap Inc/The	GPS US	16:15	June 2016 Sales and Revenue Release	2016
L Brands Inc	LB US		June 2016 Sales and Revenue Release	2016
Healthcare Trust of America Inc	HTA US		Annual General Meeting

American Homes 4 Rent - Chart of the Day

American Homes 4 Rent (AMH) is the Barchart Chat of the Day. The single family residence REIT has a Trend Spotter buy signal, a Weighted Alpha of 38.84+ and gained 25.93% in the last year.

The Chart of the Day belongs to America Homes 4 Rent (AMH).  I found the single residence REIT by using Barchart to sort today's All Time High list first for the most frequent number of new highs this month, then again for technical buy signals of 80% or more.  I always use the Flipchart feature to review the charts.

American Homes 4 Rent is an internally managed real estate investment trust. It is focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. It rents residential properties primarily in Arizona, California, Florida, Georgia, and Nevada. American Homes 4 Rent is based in Malibu, California.

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

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 16.19% in the last month
• Relative Strength Index 82.15%
• Technical support level at 20.36
• Recently traded at 20.75 with a 50 day moving average of 18.03

Fundamental factors:

• Market Cap $5.02 billion
• Dividend yield .97%
• Revenue expected to grow 36.40% this year and another 8.40% next year
• Earnings estimated to increase 29.20% this year, an additional 14.00% next year and continue to compound at an annual rate of 8.00% for the next 5 years
• Wall Street analysts issued 3 strong buy, 1 buy and 5 hold recommendation on the stock

5 Large Caps for Momentum Investors

This morning I wanted to see which Large Cap stocks had the most consistent upward momentum so I used Barchart to sort the S&P 500 Large Index stocks to see which one had the most frequent new highs in the last month.  Today's Watch List includes:

Macerich (MAC), Waste Management (WM), Clorox (CLX), American Water Works (AWK) and Duke Energy (DUK)

Macerich (MAC)

Barcart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 12.25% in the last month
• Relative Strength Index 81.66%
• Technical support level at 84.33
• Recently traded at 86.67 with a 50 day moving average of 78.40

Waste Management (WM)

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 9.11% in the last month
• Relative Strength Index 85.66
• Technical sport level at 63.57
• Recently traded at 67.07 with a 50 day moving average of 61.65

Clorox (CLX)

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 7.50% in the last month
• Relative Strength Index 68.86%
• Technical support level at 136.36
• Recently traded at 139.03 with a 50 day moving average of 131.27

American Water Works (AWK)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 10.51% in the last month
• Relative Strength Index 74.31%
• Technical support level at 83.16
• Recently traded at 83.80 with a 50 day moving average of 76.38

Duke Energy (DUK)

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 8.55% in the last month
• Relative Strength Index 78.34%
• Technical support level at 85.11
• Recently traded at 86.93 with a 50 day moving average of 80.33

Trend Stocks 7/6

BAC	Bank of America Corp	12.74	-0.36	-2.75%	12.94	12.63	98,233,203	07/05/16
SIRI	Sirius XM Holdings I	3.94	-0.03	-0.76%	3.96	3.92	60,212,199	07/05/16
LYG	Lloyds Banking Group Plc	2.74	-0.23	-7.74%	2.77	2.71	48,542,199	07/05/16
FCX	Freeport-Mcmoran Inc	10.50	-0.85	-7.49%	11.18	10.34	38,150,301	07/05/16
MU	Micron Technology	11.91	-0.59	-4.72%	12.45	11.80	37,295,000	07/05/16
T	AT&T Inc	43.35	-0.12	-0.28%	43.89	43.33	35,580,500	07/05/16
WLL	Whiting Petroleum Corp	8.44	-1.22	-12.63%	9.23	8.31	35,141,000	07/05/16
GE	General Electric Company	31.45	-0.04	-0.13%	31.53	31.12	32,360,398	07/05/16
CHK	Chesapeake Energy Corp	4.30	-0.29	-6.32%	4.42	4.13	31,795,799	07/05/16
KGC	Kinross Gold Corp