Bryn Mawr Bank - Chart of the Day

Bryn Mawr Bank (BMTC) is the Barchart Chart of the Day.  The NE commercial bank has a Trend Spotter buy signal, a Weighted Alpha of 16.10+, gained 26.37% in the last 6 months and paid a 2.61% dividend.

The Chart of the Day belongs to Bryn Mawr Bank (BMTC).  I found the NE commercial bank by using Barchart to sort the New 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.  Since the Trend Spotter signaled a buy on 8/8 the stock gained 7.14%.

Bryn Mawr Bank Corp. operates as a bank holding company for The Bryn Mawr Trust Company. The bank offers personal and business banking services, consumer and commercial loans, equipment leasing, mortgages, insurance and wealth management services, including investment management, trust and estate administration, retirement planning, custody services, and tax planning and preparation. It operates through two segments: Wealth Management and Banking. The Wealth Management segment engages in administration, other related fiduciary services, custody, investment management and advisory services, employee benefits and IRA administration, estate settlement, tax services, financial planning and brokerage services. The Banking segment consists of commercial and retail banking. The company was founded in 1986 and is headquartered in Bryn Mawr, PA.

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
• 21 new highs and up 10.27% in the last month
• Relative Strength Index 75.35%
• Technical support level at 31.42
• Recently traded at 32.04 with a 50 day moving average of 29.94

Fundamental factors:

• Market Cap $539.23 million
• P/E 29.25
• Dividend yield 2.61%
• Revenue expected to grow 4.30% this year and another 6.00% next year
• Earnings estimated to increase 26.70% this year, an additional 10.00% next year and continue to compound at an annual rate of 7.00% for the next 5 years
• Wall Street analysts issued 1 strong buy, 1 buy and 1 hold recommendation on the stock

Universal Insurance - Chart of the Day

Universal Insurance (UVE) is the Barchart Chart of the Day.  The P&C insurance company has a Trend Spotter buy signal, a Weighted Alpha of 38.31+, gained 23.02% in the last 6 months and paid a 2.28% dividend.

The Chart of the Day belongs to Universal Insurance (UVE).  I found the P&C insurance stock by using Barchart to sort today's New 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.  Since the Trend Spotter signaled a buy on 7/12 the stock gained 23.46%.

Universal Insurance Holdings, Inc., through its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), is currently engaged in insurance underwriting, distribution and claims. UPCIC generates revenue from the collection and investment of premiums. The Company's agency operations which include Universal Florida Insurance Agency and U.S. Insurance Solutions, Inc. generate income from policy fees, commissions, premium financing referral fees and the marketing of ancillary services.

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
• 19 new highs and up 12.66% in the last month
• Relative Strength Index 73.79%
• Technical support level at 23.23
• Recently traded at 24.21 with a 50 day moving average of 20.99

Fundamental factors:

• Market Cap $855.34 million
• P/E 7.43
• Dividend yield 2.28%
• Revenue expected to grow 24.20% this year and another 8.30% next year
• Earnings estimated to increase by 3.40% this year and an additional 5.90% next year
• Wall Street analysts issued 1 buy recommendation on the stock

5 Large Caps for Momentum Investors

This morning I wanted to see which large cap stocks were best for Momentum Investors, I used Barchart to sort the S&P 500 Large 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.  Today's watch list includes:

Bank of America (BAC), Regions Financial (RF), Assurant (AIZ), Torchmark (TMK) and Netapp (NTAP).

Bank of America (BAC)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 12.84% in the last month
• Relative Strength Index 77.53%
• Technical support level at 15.73
• Recently traded at 16.17 with a 50 day moving average of 14.39

Regions Financial (RF)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 10.64% in the last month
• Relative Strength Index 72.58%
• Technical support level at 9.72
• Recently traded at 9.98 with a 50 day moving average of 9.11

Assurant (AIZ)

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 7.88% in the last month
• Relative Strength Index 73.74%
• Technical support level at 88.58
• Recently traded at 89.55 with a 50 day moving average of 85.86

Torchmark (TMK)

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 4.54% in the last month
• Relative Strength Index 69.47%
• Technical support level at 63.84
• Recently traded at 64.68 with a 50 day moving average of  61.88

Netapp (NTAP)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 31.27% in the last month
• Relative Strength Index 88.00%
• Technical support level at 33.98
• Recently traded at 34.59 with a 50 day moving average of 27.69

MORNING CALL 9/1

MORNING CALL 9/1

Thursday, September 1st, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU16 +0.15%) are up +0.16% and European stocks are up +1.00% at a 2-week high amid positive signs for global growth. Manufacturing activity in China unexpectedly expanded at the fastest pace in nearly 2 years last month and manufacturing activity in the UK expanded at the fastest pace in 10 months. Mining stocks are leading gains in the overall market with Glencore Plc and Rio Tinto up over 1% as signs of stronger global manufacturing activity boosts copper prices. Asian stocks settled mixed: Japan +0.23%, Hong Kong +0.81%, China -0.72%, Taiwan -0.75%, Australia-0.32%, Singapore -0.15%, South Korea -0.33%, India -0.10%. Despite the stronger-than-expected Chinese manufacturing data, Chinese stocks closed lower on speculation the stronger data will reduce the chances of additional government stimulus. Japan's Nikkei Stock Index climbed to a 2-1/2 week high as exporter stocks rallied after USD/JPY rose to a 1-month high, which improves the earnings prospects of exporter companies.

The dollar index (DXY00 -0.03%) is down -0.03%. EUR/USD (^EURUSD) is down -0.08%. USD/JPY (^USDJPY) is up +0.25% at a 1-month high.

Dec T-note prices (ZNZ16 -0.16%) are down -8 ticks.

The UK Aug Markit manufacturing PMI rose +5.0 to 53.3, stronger than expectations of +0.8 to 49.0 and the fastest pace of expansion in 10 months.

The China Aug manufacturing PMI unexpectedly rose +0.5 to 50.4, stronger than expectations of -0.1 to 49.8 and the fastest pace of expansion in 1-3/4 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Aug Challenger job cuts (Jul -57.1% y/y), (2) weekly initial unemployment claims (expected +4,000 to 265,000, previous-1,000 to 261,000) and continuing claims (expected -2,000 to 2.143 million, previous -30,000 to 2.145 million), (3) revised Q2 non-farm productivity (expected -0.6%, prelim-Q1 -0.5%) and revised Q2 unit labor costs (expected +2.0%, prelim-Q2 +2.0%), (4) final-Aug Markit U.S. manufacturing PMI (expected unch at 52.1, prelim-Aug -0.8 to 52.1), (5) Jul construction spending (expected +0.5%, Jun -0.6% m/m), (6) Aug ISM manufacturing index (expected -0.6 to 52.0, Jul -0.6 to 52.6), (7) Aug total vehicle sales (expected 17.20 million, Jul 17.77 million), and (8) USDA weekly Export Sales.

Russell 1000 companies that report earnings today: Campbell Soup (consensus $0.50), Cooper Cos (2.28), VeriFone (0.40), lululemon athletica (0.38), Broadcom (2.76), Piedmont Natural Gas (-0.10), Hain Celestial Group (0.56).

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

Equity conferences during the remainder of this week include: none.

OVERNIGHT U.S. STOCK MOVERS

Charter Communications (CHTR +0.46%) rose nearly 4% in after-hours trading after it was announced that it will replace EMC in the S&P 500 after the close of trading on Wednesday, September 7.

Wynn Resorts (WYNN -0.92%) is up over 3% and Las Vegas Sands (LVS -1.47%) is up nearly 2% in pre-market trading after data showed Macau gross gaming revenue unexpectedly rose +1.1% in Aug, better than expectations of a -1.5% decline.

Ctrip.com International Ltd (CTRP unch) reported Q2 revenue of $683.5 million, above consensus of $656.7 million.

Box (BOX +3.15%) rallied 4% in after-hours trading after it raised guidance on full-year revenue to $394 million-$396 million from a prior view of $391 million-$395 million.

Semtech (SMTC +1.29%) gained over 2% in after-hours trading after it reported Q2 adjusted EPS of 35 cents, higher than consensus of 33 cents.

Ollie's Bargain Outlet Holdings (OLLI -1.17%) climbed 6% in after-hours trading after it reported Q2 adjusted EPS of 21 cents, better than consensus of 18 cents, and then raised guidance on full-year adjusted EPS to 88 cents-90 cents from a prior view of 85 cents-87 cents.

salesforce.com (CRM -0.51%) tumbled over 8% in after-hours trading after it said it sees Q3 adjusted EPS of 20 cents-21 cents, below consensus of 24 cents.

Shoe Carnival (SCVL +0.64%) fell nearly 6% in after-hours trading after it reported Q2 EPS of 22 cents, weaker than consensus of 27 cents, and then said it sees fiscal year comparable sales up +1.5% -2.0%, below a May 19 view of up 1% to 3%.

Impinj (PI +0.31%) rose 5% in after-hours trading after it reported Q2 adjusted EPS of 6 cents, double consensus of 3 cents.

Five Below (FIVE -0.56%) slid over 4% in after-hours trading after it reported Q2 comparable sales rose +3.1%, below consensus of +3.4%.

Oxford Industries (OXM -2.01%) jumped nearly 10% in after-hours trading after it reported Q2 adjusted EPS continuing operations of $1.48, better than expectations of $1.38.

MARKET COMMENTS

Sep E-mini S&Ps (ESU16 +0.15%) this morning are up +3.50 points (+0.16%). Wednesday's closes: S&P 500 -0.24%, Dow Jones -0.29%, Nasdaq -0.10%. The S&P 500 on Wednesday closed lower on the -4.3 point decline in the Aug Chicago PMI to 51.5, weaker than expectations of -1.8 to 54.0. There was also weakness in energy producer stocks as crude oil tumbled -3.56% to a 2-week low. In addition, there was increased concern about a Fed rate hike after the Aug ADP employment report showed an increase of +177,000 and July was revised upward to +194,000 from +179,000.

Dec 10-year T-notes (ZNZ16 -0.16%) this morning are down -8 ticks. Wednesday's closes: TYZ6 unch, FVZ6 +0.50. Dec T-notes on Wednesday closed little changed. T-note prices were undercut by the slightly larger-than-expected increase in the Aug ADM employment report of +177,000 and by the stronger-than-expected U.S. July pending home sales report. T-notes received a boost from the slide in stocks and the weaker-than-expected Aug Chicago PMI.

The dollar index (DXY00 -0.03%) this morning is down -0.033 (-0.03%). EUR/USD (^EURUSD) is down -0.0009 (-0.08%). USD/JPY (^USDJPY) is up +0.26 (+0.25%) at a new 1-month high. Wednesday's closes: Dollar index -00324 (-0.03%), EUR/USD +0.0015 (+0.13%), USD/JPY +0.47 (+0.46%). The dollar index on Wednesday climbed to a 3-week high but fell back and closed slightly lower. The dollar was boosted by the stronger-than-expected Aug ADP employment change and weakness in the yen after USD/JPY soared to a 1-month high on expectations for further BOJ stimulus measures in September. The dollar shed its advance after the Aug Chicago PMI fell more than expected.

Oct crude oil (CLV16 -0.13%) this morning is down -3 cents (-0.07%) and Oct gasoline (RBV16 -0.94%) is down -0.0124 (-0.93%). Wednesday's closes: CLV6 -1.65 (-3.56%), RBV6 -0.0356 (-2.59%). Oct crude oil and gasoline on Wednesday sold off to new 2-week lows and closed lower. Crude oil prices were undercut by the rally in the dollar index to a 3-week high and the +2.28 million bbl increase in EIA crude inventories, more than expectations of +1.5 million bbl.

GLOBAL EVENT CALENDAR09/01/2016

		Thursday, Sep 1
US	0730 ET	Aug Challenger job cuts, Jul -57.1% y/y.
	0830 ET	Weekly initial unemployment claims expected +4,000 to 265,000, previous -1,000 to 261,000. Weekly continuing claims expected unch at 2.145 million, previous -30,000 to 2.145 million.
	0830 ET	Revised Q2 non-farm productivity expected -0.6%, prelim-Q1 -0.5%. Revised Q2 unit labor costs expected +2.0%, prelim-Q2 +2.0%.
	0830 ET	USDA weekly Export Sales.
	0945 ET	Revised Aug Markit manufacturing PMI expected unch at 52.1, prelim-Aug -0.8 to 52.1.
	1000 ET	Jul construction spending expected +0.5%, Jun -0.6% m/m.
	1000 ET	Aug ISM manufacturing index expected -0.6 to 52.0, Jul -0.6 to 52.6. Aug ISM new orders, Jul +0.4 to 60.3. Aug ISM employment, Jul -1.3to 51.4. Aug ISM prices paid expected -0.2 to 54.8, Jul -5.5 to 55.0.
	n/a	Aug total vehicle sales expected 17.20 million, Jul 17.77 million. Aug domestic vehicle sales expected 13.50 million, Jul 13.77 million.
		Friday, Sep 2
US	0830 ET	Aug non-farm payrolls expected +180,000, Jul +255,000. Aug private payrolls expected +180,000, Jul +217,000. Aug manufacturing payrolls expected -4,000, Jul +9,000. Aug unemployment rate expected -0.1 to 4.8%, Jul unch at 4.9%.
	0830 ET	Aug avg hourly earnings expected +0.2% m/m and +2.5% y/y, Jul +0.3% m/m and +2.6% y/y. Aug avg weekly hours all-employees expected unch at 34.5 hours, Jul unch at 34.5 hours.
	0830 ET	Jul trade balance expected -$41.5 billion, Jun -$44.5 billion.
	0945 ET	Aug New York ISM, Jul +15.3 to 60.7.
	1000 ET	Jul factory orders expected +2.0%, Jun -1.5% and +0.4% ex transportation.
	1300 ET	Richmond Fed President Jeffrey Lacker (non-voter) speaks to the Virginia Association of Economists and the Richmond Association for Business Economics on Interest Rate Benchmarks.
JPN	0100 ET	Japan Aug consumer confidence index expected +0.5 to 41.8, Jul -0.5 to 41.3.
UK	0430 ET	UK Aug Markit/CIPS construction PMI expected +0.4 to 46.3, Jul -0.1 to 45.9.
EUR	0200 ET	ECB Governing Council member Ardo Hansson takes part in a parliamentary hearing about EU future outlook in the aftermath of the Brexit referendum.
	0500 ET	Eurozone Jul PPI expected +0.1% m/m and -2.9% y/y, Jun +0.7% m/m and -3.1% y/y.

U.S. STOCK CALENDAR09/01/2016

Company	Ticker	Time	Event Description	Period	Estimate
Campbell Soup Co	CPB US	7:15	Q4 2016 Earnings Release	Q4 2016	0.498
L Brands Inc	LB US	7:30	August 2016 Sales and Revenue Call - Pre-Recorded	2016
Campbell Soup Co	CPB US	8:30	Q4 2016 Earnings Call	Q4 2016
Ford Motor Co	F US	9:15	August 2016 Sales and Revenue Release	2016
Ford Motor Co	F US	10:00	August 2016 Sales and Revenue Call	2016
VeriFone Systems Inc	PAY US	Aft-mkt	Q3 2016 Earnings Release	Q3 2016	0.404
lululemon athletica Inc	LULU US	Aft-mkt	Q2 2017 Earnings Release	Q2 2017	0.38
Broadcom Ltd	AVGO US	Aft-mkt	Q3 2016 Earnings Release	Q3 2016	2.762
L Brands Inc	LB US		August 2016 Sales and Revenue Release	2016
Piedmont Natural Gas Co Inc	PNY US		Q3 2016 Earnings Release	Q3 2016	-0.095
Hain Celestial Group Inc/The	HAIN US		Q4 2016 Earnings Release	Q4 2016	0.559
General Motors Co	GM US		August 2016 Sales and Revenue Release	2016

Trending Stocks 9/1

Sym	Name	Last	Change	Percent	High	Low	Volume	Time	Links
CYNA	Cynapsus Thera Cm Sh	39.44	+21.08	+114.81%	39.44	39.44	864,351	09:54
LYG	Lloyds Banking Group Plc	3.31	+0.10	+3.12%	3.31	3.31	413,010	09:54
SAN	Banco Santander	4.61	+0.13	+2.90%	4.61	4.61	332,248	09:49
BAC	Bank of America Corp	16.15	+0.01	+0.06%	16.15	16.15	304,739	09:54
CRM	Salesforce.Com Inc	74.20	-5.22	-6.57%	74.20	74.20	304,716	09:54
AMD	Adv Micro Devices	7.12	-0.28	-3.78%	7.12	7.12	273,023	09:54
F	Ford Motor Company	12.64	+0.04	+0.32%	12.64	12.64	263,918	09:52
BCS	Barclays Plc	9.29	+0.18	+1.98%	9.29	9.29	241,684	09:54
JCP	J.C. Penney Company Inc	9.58	+0.15	+1.59%	9.58	9.58	230,567	09:53
CHTR	Charter Communicatio	268.25	+11.04	+4.29%	268.25	268.25	198,804	09:54
DB	Deutsche Bank Ag	15.28	+0.53	+3.59%	15.28	15.28	164,999	09:54
TWTR	Twitter Inc	19.47	+0.26	+1.35%	19.47	19.47	163,070	09:54
JD	Jd.Com Inc Ads	25.42	+0.01	+0.04%	25.42	25.42	158,990	09:46
ARMH	Arm Holdings Plc	67.15	+0.87	+1.31%	67.15	67.15	151,132	09:53
ARRY	Array Biopharma Inc	3.72	+0.29	+8.45%	3.72	3.72	141,163	09:54
SPU	Skypeople Fruit Juic	13.60	+1.00	+7.94%	13.60	13.60	136,856	09:54
ASNA	Ascena Retail Grp Cmn	8.14	unch	unch	8.14	8.14	131,518	09:18
GCP	Gcp Applied Technologies Inc C	29.26	unch	unch	29.26	29.26	129,895	09:27
WYNN	Wynn Resorts Limited	93.60	+4.28	+4.79%	93.60	93.60	128,137	09:54
HSBC	HSBC Holdings Plc	38.27	+1.07	+2.88%	38.27	38.27	121,527	09:54