Friday, August 26, 2016

Watsco - Chart of the Day

Watsco (WSO) is the Barchart Chart of the Day.  The HVAC company has a Trend Spotter buy signal, a Weighted Alpha of 25.10+ and gained 25.30% in the last year.

The Chart of the Day belongs to Watsco (WSO).  I found the HVAC stock by using Barchart to sort the All Time High list for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 6/2 the stock gained 9.21%.

Watsco, Inc. is one of the largest distributor of air conditioning and heating equipment and related parts and supplies in the United States. The company also sells products used in the refrigeration industry. Such products include condensing units, compressors, evaporators, valves, walk-in coolers and ice machines for industrial and commercial applications. The company distributes products manufactured by Copeland Compressor Corporation, Tecumseh Products Company, The Manitowoc Company, Inc. and Scotsman Industries, Inc.




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
  • 7 new highs and up 4.33% in the last month
  • Relative Strength Index 67.11%
  • Technical support level at 145.88
  • Recently traded at 148.02 with a 50 day moving average of 141.31
Fundamental factors:
  • Market Cap $5.25 billion
  • P/E 29.90
  • Dividend yield 2.31%
  • Revenue expected to grow 4..10% this year and another 5.30% next year
  • Earnings estimated to increase 8.60% this year, an additional 11.10% next year and continue to compound at an annual rate of 11.25% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 5 hold and a sell recommendation on the stock

Thursday, August 25, 2016

Knoll - Chart of the Day


Knoll (KNL) is the Barchart Chart of the Day.  The office furniture company has a Trend Spotter buy signal, a Weighted Alpha of 19.80+ and gained 38.65% in the last 6 months.

The Chart of the Day belongs to Knoll (KNL).  I found the office furniture stock by using Barchart to sort the All Time High list for technical buy signals of 80% or more.  Since the Trend spotter signaled a buy on 7/11 the stock gained 4.91%.

Knoll Inc, a leading designer and manufacturer of branded office furniture products and textiles, serves clients worldwide. Their commitment to innovation and modern design has yielded a comprehensive portfolio of products designed to provide enduring value and help clients shape their workplaces with imagination and vision.







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
  • 3 new highs and up 2.80% in the last month
  • Relative Strength Index 63.61%
  • Technical support level at 25.68
  • Recently traded at 26.08 with a 50 day moving average of 24.93
Fundamental factors:
  • Market Cap $1.28 billion
  • P/E 15.92
  • Dividend yield 2.31%
  • Revenue expected to grow 6.70% this year and another 4.30% next year
  • Earnings estimated to increase 13.80% this year, an additional 12.70% next year and continue to compound at an annual rate of 16.00% for the next 5 years
  • A Wall Street analyst issued a buy recommendation on the stock

























5 NASDAQ 100 Stocks for Momentum Investors

This morning I wanted to find the 5 NASDAQ 100 stocks with the best current momentum.  I used Barchart to sort the NASDAQ 100 Index stocks first for the most frequent new highs in the last month, then again for technical buy signals of 80% or better.  The additions to today's watch list include:

Netapp (NTAP), Symantec (SYMC), Xilinx (XLNX), Ulta Salon Cosmetics (ULTA) and BroadCom (AVGO)

Netapp (NTAP)


Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 31.55% in the last month
  • Relative Strength Index 88.92%
  • Technical support level at 34.24
  • Recently traded at 34.82 with a 50 day moving average of 26.68
Symantec (SYMC)


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 15.96% in the last month
  • Relative Strength Index 81.91%
  • Technical support level at 23.42
  • Recently traded at 23.76 with a 50 day moving average of 21.15
Xilinx (XLNX)


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 11.64% in the last month
  • Relative Strength Index 79.15%
  • Technical support level at 53.59
  • Recently traded at 53.98 with a 50 day moving averrgae of 49.80


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 5.76% in the last month
  • Relative Strength Index 69.50%
  • Technical support level at 267.68
  • Recently traded at 274.56 with a 50 day moving average of 255.46
BroadCom (AVGO)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 10.15% in the last month
  • Relative Strength Index 65.65%
  • Technical support level at 172.47
  • Recently traded at 176.00 with a 50 day moving average of 162.59



MORNING CALL 8/25

MORNING CALL
OVERNIGHT MARKETS AND NEWS
Sep E-mini S&Ps (ESU16 -0.24%) are down -0.21% and European stocks are down -0.86% as fallout concerns from Brexit resurfaced after German Aug IFO business sentiment unexpectedly fell to the lowest in 6 months. Long liquidation and position-squaring ahead of Fed Chair Yellen's speech Friday at the Fed's symposium in Jackson Hole, Wyoming, also weighed on equity prices. Technology shares are also weaker, led by a nearly 6% drop in HP Inc. after it forecast weaker-than-expected Q4 profit. Asian stocks settled mostly lower: Japan -0.25%, Hong Kong -0.03%, China -0.57%, Taiwan +1.09%, Australia-0.36%, Singapore +0.26%, South Korea -0.02%, India -0.80%. China's Shanghai Composite fell to a 1-1/2 week low, led by losses in property stocks, on concern the government will act to thwart speculative activity after people familiar with the matter said Shanghai authorities are planning to hold meetings to discuss ways to cool surging property prices.
The dollar index (DXY00 -0.10%) is down -0.16%. EUR/USD (^EURUSD) is up +0.24%. USD/JPY (^USDJPY) is down -0.04%.
Sep T-note prices (ZNU16 +0.02%) are up +2 ticks.
The German Aug IFO business climate unexpectedly fell -2.1 to 106.2, weaker than expectations of +0.2 to 108.5 and the lowest in 6 months.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly initial unemployment claims (expected +3,000 to 265,000, previous -4,000 to 262,000) and continuing claims (expected -20,000 to 2.155 million, previous +15,000 to 2.175 million), (2) Jul durable goods orders (expected +3.4% and +0.4% ex transportation, Jun-3.9% and -0.4% ex transportation), (3) Aug Markit services PMI (expected +0.4 to 51.8, Jul unchanged at 51.4), (4) Aug Kansas City Fed manufacturing activity survey (expected +4 to -2, Jul -8 to -6), (5) the Treasury's auction of $28 billion of 7-year T-notes, and (6) USDA weekly Export Sales.
Russell 1000 companies that report earnings today: Tiffany (consensus $0.71), Patterson Cos (0.51), Dollar General (1.09), Michaels Cos (0.17), Medtronic (1.01), Burlington Stores (0.30), Signet Jewelers (1.45), Dollar Tree (0.73), Autodesk (-0.13), Brocade Communications Systems (0.16), Gamestop (0.27), Ulta Salon (1.40), Splunk (0.03), Zayo Group (0.03).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: none.
OVERNIGHT U.S. STOCK MOVERS
Northrop Grumman (NOC -0.23%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan Chase.
Sprint (S -0.49%) was downgraded to 'Underperform' from 'Neutral at Buckingham Research Group.
Express (EXPR -25.51%) lost over 1% in pre-market trading after it reported Q2 EPS of 13 cents, weaker than consensus of 17 cents, and then lowered guidance on full-year adjusted EPS to $1.00-$1.14 from a prior view of $1.41-$1.54.
Fiat Chrysler Automobiles NV (FCAU +0.44%) climbed 3% in pre-market trading after the Maeil Business newspaper reported that the vice chaorman of Samsung Electronics will fly to Italy to discuss a deal regarding auto-parts maker Magneti Marelli, an auto-parts unit of Fiat.
Netflix (NFLX -0.79%) was upgraded to 'Outperform' from 'Market Perform' at William Blair & Co.
HEICO (HEI +1.19%) rose over 1% in after-hours trading after it reported Q3 EPS of 62 cents, higher than consensus of 59 cents, and then said it sees 2016 net income of 13%-15%, up from a previous view of 12%-14%.
Cree (CREE -1.22%) was rated a new 'Buy' at Roth Capital with a price target of $34.
Workday (WDAY -0.38%) climbed nearly 11% in pre-market trading after it reported Q2 revenue of $377.7 million, above consensus of $372.8 million.
PVH Corp. (PVH -0.67%) gained over 1% in after-hours trading after it reported Q2 adjusted EPS of $1.47, higher than consensus of $1.29.
Electronics for Imaging (EFII -0.88%) was rated a new 'Buy' at Stifel with a 12-month target price of $53.
HP Inc. (HPQ -1.17%) fell nearly 6% in pre-market trading after it said it sees Q4 adjusted EPS from continuing operations of 34 cents-37 cents, weaker than consensus of 40 cents.
Guess? (GES -6.23%) surged 15% in after-hours trading after it reported Q2 adjusted EPS of 14 cents, much better than consensus of 6 cents, and then raised guidance on full-year adjusted EPS to 62 cents-75 cents from a May 25 view of 55 cents-75 cents.
Tilly's (TLYS +7.11%) jumped 10% in after-hours trading after it reported an unexpected Q2 EPS profit of 5 cents, better than consensus of a -5 cent loss.
Nymox Pharmaceutical Corp. (NYMX +83.13%) rallied over 10% in after-hours trading on carryover from Wednesday's announcement of positive results from a long-term Phase 3 study evaluating the drug fexapotide in men with enlarged prostates.
Ballard Power Systems (BLDP -4.33%) jumped 10% in after-hours trading after it said its Protonex unit was notified by the U.S. Commerce Department that its family of fuel cell propulsion systems are now designated EAR99 (Export Administration Regulations 99) compliant.
MARKET COMMENTS
Sep E-mini S&Ps (ESU16 -0.24%) this morning are down -4.50 points (-0.21%). Wednesday's closes: S&P 500 -0.52%, Dow Jones -0.35%, Nasdaq-0.73%. The S&P 500 on Wednesday closed lower on the -3.2% drop in U.S. Jul existing home sales to 5.39 million (a bigger decline than expectations of-1.1% to 5.51 million) and on the -2.70% plunge in crude oil prices that undercut energy producer stocks. In addition, there was a sell-off in drugmaker stocks, led by a 5% decline in Mylan NV, after it raised the price of its EpiPen by 400% and U.S. presidential candidate Clinton called it "outrageous," which fueled speculation that Ms. Clinton may take action against drugmakers if she is elected president.
Sep 10-year T-notes (ZNU16 +0.02%) this morning are up +2 ticks. Wednesday's closes: TYU6 unch, FVU6 +0.25. Sep T-notes on Wednesday closed unchanged. T-note prices were boosted by increased safe-haven demand with the slide in stocks and by the weaker-than-expected U.S. Jul existing home sales report of -3.2%. T-notes were undercut by supply pressures with this week's $101 billion T-note auction package.
The dollar index (DXY00 -0.10%) this morning is down -0.148 (-0.16%). EUR/USD (^EURUSD) is up +0.0027 (+0.24%). USD/JPY (^USDJPY) is down-0.04 (-0.04%). Wednesday's closes: Dollar index +0.247 (+0.26%), EUR/USD -0.0041 (-0.36%), USD/JPY +0.21 (+0.21%). The dollar index on Wednesday closed higher on speculation that Fed Chair Yellen may be hawkish and warn the markets of an impending Fed rate hike in her comments in Jackson Hole on Friday. The dollar was also boosted by weakness in the currencies of the crude-exporting countries of Russia and Canada after crude oil prices tumbled -2.70%.
Oct crude oil (CLV16 -0.62%) this morning is down -7 cents (-0.15%) and Oct gasoline (RBV16 -1.50%) is down -0.0174 (-1.23%). Wednesday's closes: CLV6 -1.30 (-2.70%), RBV6 -0.0049 (-0.35%). Oct crude oil and gasoline on Wednesday closed lower on doubts that OPEC will be able to agree on a production freeze at next month’s informal talks in Algiers after Iran said it hasn't decided if it will attend the meeting. In addition, the EIA report was bearish with the unexpected +2.5 million bbl increase in EIA crude inventories (vs expectations for -1.0 million bbl) and the +36,000 bbl increase in EIA gasoline supplies (vs expectations of -1.7 million bbl).
GLOBAL EVENT CALENDAR08/25/2016
Thursday, Aug 25
US0830 ETWeekly initial unemployment claims expected +3,000 to 265,000, previous -4,000 to 262,000. Weekly continuing claims expected -20,000 to 2.155 million, previous +15,000 to 2.175 million.
0830 ETJul durable goods orders expected +3.4% and +0.4% ex transportation, Jun -3.9% and -0.4% ex transportation. Jul capital goods orders non-defense ex aircraft & parts expected +0.2%, Jun +0.4%.
0830 ETUSDA weekly Export Sales.
0945 ETAug Markit services PMI expected +0.4 to 51.8, Jul unchanged at 51.4. Aug Markit composite PMI, Jul +0.6 to 51.8.
1100 ETAug Kansas City Fed manufacturing activity survey expected +4 to -2, Jul -8 to -6.
1300 ETTreasury auctions $28 billion 7-year T-notes.
Friday, Aug 26
US0830 ETRevised Q2 GDP expected +1.1% (q/q annualized) vs prelim +1.2%. Revised Q2 personal consumption expected +4.1%, prelim +4.2%. Revised Q2 GDP price index, prelim +2.2%. Revised Q2 core PCE, prelim +1.7% q/q.
0830 ETJul wholesale inventories expected +0.1%, Jun +0.3%.
1000 ETFinal-Aug University of Michigan U.S. consumer sentiment index expected +0.4 to 90.8, prelim-Aug +0.4 to 90.4.
1000 ETFed Chair Janet Yellen speaks at the Jackson Hole Policy Symposium.
GER0200 ETGerman Sep GfK consumer confidence expected unch at 10.0, Aug -0.1 to 10.0.
EUR0400 ETEurozone Jul M3 money supply expected +5.0% y/y, Jun +5.0% y/y.
UK0430 ETRevised UK Q2 GDP, previous +0.6% q/q and +2.2% y/y.
0430 ETUK Q2 private consumption, Q1 +0.7% q/q. Q2 government spending, Q1 +0.5% q/q.
0430 ETUK Q2 total business investment expected -0.9% q/q, Q1 -0.6% q/q and -0.8% y/y.
0430 ETUK Jun index of services expected +0.1% m/m and +0.4% 3-m0/3-mo, May -0.1% m/m and +0.3% 3-mo/3-mo.
CHI2130 ETChina Jul industrial profits, Jun +5.1% y/y.
U.S. STOCK CALENDAR08/25/2016

CompanyTickerTimeEvent DescriptionPeriodEstimate
Tiffany & CoTIFBef-mktQ2 2017 Earnings ReleaseQ2 20170.714
Patterson Cos IncPDCOBef-mktQ1 2017 Earnings ReleaseQ1 20170.508
Dollar General CorpDGBef-mktQ2 2017 Earnings ReleaseQ2 20171.09
Michaels Cos Inc/TheMIKBef-mktQ2 2017 Earnings ReleaseQ2 20170.169
Medtronic PLCMDT6:45Q1 2017 Earnings ReleaseQ1 20171.011
Burlington Stores IncBURL6:45Q2 2017 Earnings ReleaseQ2 20170.296
Signet Jewelers LtdSIG7:00Q2 2017 Earnings ReleaseQ2 20171.451
Dollar Tree IncDLTR7:30Q2 2017 Earnings ReleaseQ2 20170.733
Medtronic PLCMDT8:00Q1 2017 Earnings CallQ1 2017
Tiffany & CoTIF8:30Q2 2017 Earnings CallQ2 2017
Signet Jewelers LtdSIG8:30Q2 2017 Earnings CallQ2 2017
Burlington Stores IncBURL8:30Q2 2017 Earnings CallQ2 2017
PVH CorpPVH9:00Q2 2017 Earnings CallQ2 2017
HEICO CorpHEI9:00Q3 2016 Earnings CallQ3 2016
Dollar Tree IncDLTR9:00Q2 2017 Earnings CallQ2 2017
Michaels Cos Inc/TheMIK9:00Q2 2017 Earnings CallQ2 2017
Patterson Cos IncPDCO10:00Q1 2017 Earnings CallQ1 2017
Dollar General CorpDG10:00Q2 2017 Earnings CallQ2 2017
AMERCOUHAL14:00Analyst and Investor MeetingY 2016
Autodesk IncADSK16:01Q2 2017 Earnings ReleaseQ2 2017-0.134
Splunk IncSPLK16:30Q2 2017 Earnings CallQ2 2017
Autodesk IncADSK17:00Q2 2017 Earnings CallQ2 2017
GameStop CorpGME17:00Q2 2017 Earnings CallQ2 2017
Ulta Salon Cosmetics & Fragrance IncULTA17:00Q2 2017 Earnings CallQ2 2017
Zayo Group Holdings IncZAYO17:00Q4 2016 Earnings CallQ4 2016
Brocade Communications Systems IncBRCDAft-mktQ3 2016 Earnings ReleaseQ3 20160.163
GameStop CorpGMEAft-mktQ2 2017 Earnings ReleaseQ2 20170.267
Ulta Salon Cosmetics & Fragrance IncULTAAft-mktQ2 2017 Earnings ReleaseQ2 20171.397
Splunk IncSPLKAft-mktQ2 2017 Earnings ReleaseQ2 20170.034
Zayo Group Holdings IncZAYOAft-mktQ4 2016 Earnings ReleaseQ4 20160.033
Brocade Communications Systems IncBRCD17:30Q3 2016 Earnings CallQ3 2016

TRENDING STOCKS 8/25

SymNameLastChangePercentHighLowVolumeTimeLinks
MTArcelormittal6.15+0.01+0.16%6.156.15718,40008:19   
NYMXNymox Pharm Corp5.25+0.80+17.98%5.255.25598,69408:29   
MYLMylan Nv Ord Shs44.65+1.50+3.48%44.6544.65230,08408:29   
HPQHewlett-Packard Company13.55-0.85-5.90%13.5513.55175,97108:29   
AZNAstrazeneca Plc33.36-0.14-0.42%33.3633.36151,79208:29   
SBGLSibanye Gold Limited American D16.70-0.87-4.95%16.7016.70140,90008:29   
FCXFreeport-Mcmoran Inc11.03-0.05-0.45%11.0311.03132,30108:27   
VRXValeant Pharmaceuticals Intl31.12+0.58+1.90%31.1231.12120,05008:29   
NFLXNetflix Inc96.49+1.31+1.38%96.4996.4995,43508:28   
WDAYWorkday Inc85.80+6.15+7.72%85.8085.8091,69808:29   
TWTRTwitter Inc18.35+0.10+0.55%18.3518.3590,18408:29   
SDRLSeadrill Ltd2.64+0.11+4.35%2.642.6481,48808:27   
SIGSignet Jewelers Ltd82.90-12.60-13.19%82.9082.9078,41708:29   
DLTRDollar Tree Inc88.00-6.93-7.30%88.0088.0075,77008:29   
BACBank of America Corp15.41+0.01+0.06%15.4115.4165,02608:20   
NVONovo Nordisk A/S47.24+0.36+0.77%47.2447.2464,08808:18   
AMDAdv Micro Devices7.45+0.02+0.27%7.457.4561,80908:28   
RDS.ARoyal Dutch Shell Plc49.74+0.06+0.12%49.7449.7458,12208:10   
NOKNokia Corp5.71-0.04-0.70%5.715.7156,87008:28   
AUAnglogold Ashanti Ltd17.81+0.23+1.31%17.8117.8154,27308:29