Unifirst - Chart of the Day

UniFirst (UNF) is the Barchart Chart of the Day.  The uniform and clothing company has a Trend Spotter buy signal, a Weighted Alpha of 27.30+ and gained 21.91% in the last 6 months.

The Chart of the Day belongs to UniFirst (UNF).  I found the uniform and clothing 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.  Since the Trend Spotter signaled a buy on 6/30 the stock gained 13.23%.

UniFirst Corporation is a provider of workplace uniforms and protective clothing. They rent, manufacture and sell a wide range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, jumpsuits, lab coats, smocks and aprons, and also rent industrial wiping products, floormats and other non-garment items, to a variety of manufacturers, retailers and service companies. They serve businesses of all sizes in numerous industry categories.

UniFirst Corporation is a provider of workplace uniforms and protective clothing. They rent, manufacture and sell a wide range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, jumpsuits, lab coats, smocks and aprons, and also rent industrial wiping products, floormats and other non-garment items, to a variety of manufacturers, retailers and service companies. They serve businesses of all sizes in numerous industry categories.

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 10.51% in the last month
• Relative Strength Index 81.28%
• Technical support level at 129.24
• Recently traded at 130.11 with a 50 day moving average of 120.28

Fundamental factors:

• Market Cap $2.65 billion
• P/E 22.34
• Dividend Yield .11%
• Revenue expected to grow .70% this year and another 3.0% next year
• Earnings estimated to increase 3.70% next year and compound at an annual rate of 11.00% for the next 5 years
• Wall Street analysts issued 5 hold recommendations on the stock

Science Applications International - Chart of the Day

Science Applications International (SAIC) is the Barchart Chart of the Day.   The IT services company has a Trend Spotter buy signal, a Weighted Alpha of 75.10+, gained 62.13% in the last year and paid a 1.90% dividend.

The Chart of the Day belongs to Science Applications International (SAIC).  I found the IT services stock 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 more.  Since the Trend Spotter signaled a buy on 6/30 the stock gained 18.32%.

Science Applications International Corp. is engaged in transaction, technical, engineering and enterprise IT services business. The Company provides services in two segments: government segment and commercial segment. Its government segment servers primarily to United States federal, state and local government agencies and foreign governments. The commercial segment provides technology-driven consulting and systems integration services and solutions. Science Applications International Corp. is headquartered in McLean, VA.

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
• 15 new highs and up 13.48% in the last month
• Relative Strength Index 86.27%
• Technical support level at 64.87
• Recently traded at 68.60 with a 50 day moving average of 61.21

Fundamental factors:

• Market Cap $3.11 billion
• P/E 22.26
• Dividend yield 1.90%
• Revenue expected to grow 6.50% this year and another 1.70% next year
• Earnings estimated to increase 14.70% this year, an additional 7.30% next year and continue to compound at an annual rate of 5.00% for the next 5 years
• Wall Street analysts issued 4 strong buy and 2 hold recommendations on the stock

Flexsteel Industries - Chart of the Day

Flexsteel Industries (FLXS) is the Barchart Chart of the Day.  The furniture company has a Trend Spotter buy signal, a Weighted Alpha of 57.00+ , gained 61.30% in the last year and paid a 1.45% dividend.

The Chart of the Day belongs to Flexsteel Industries (FLXS).  I found the furniture stock by using Barchart to sort the 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.  Since the Trend Spotter signaled a buy on 7/12 the stock gained 17.24%.

Flexsteel Industries Inc. is engaged in the design, manufacture and sale of a broad line of quality upholstered furniture for residential, commercial, and recreational vehicle seating use. Flexsteel primarily distributes its products throughout most of the United States through their sales force to furniture dealers, department stores, recreational vehicle manufacturers and van converters, and hospitality and healthcare facilities. The products are also sold to several national chains, some of which sell on a private label basis.

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 18.93% in the last month
• Relative Strength Index 79.82%
• Technical support level at 48.54%
• Recently traded at 49.31 with a 50 day moving average of 42.70

Fundamental factors:

• Market Cap $377.71 million
• P/E 17.11
• Dividend yield 1.45%
• At the present time no Wall Street analysts are following the stock
• The individual investors on Motley Foll have voted 67 to 2 that the stock will beat the market

Zayo Group - Chart of the Day

Zayo Group (ZAYO) is the Barchart Chart of the Day. The bandwidth provider has a Trend Spotter buy signal, a Weighed Alpha of 14.18+ and gained 23.28% in the last 6 months


The Chart of the Day belongs to Zayo Group (ZAYO).  I found the bandwidth provider stock by using Barchart to sort today's New High List by technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 7/1 the stock gained 1.96%.

Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure services, including dark fiber, wavelengths, SONET, Ethernet, IP services, and carrier-neutral colocation and interconnection. Its customers include wireline and wireless carriers, and high-bandwidth enterprises from disaster recovery, media content, educational, financial, government, healthcare, and other industries. Zayo Group Holdings, Inc. is headquartered in Boulder, Colorado.

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
• 9 new highs and up 5.22% in the last month
• Relative Strength Index 63.65%
• Technical support level at 29.13
• Recently traded at 29.81 with a 50 day moving average of 28.58

Fundamental factors:

• Market Cap $7.22 billion
• Revenue expected to grow 21.70% this year and another 7.20% next year
• Earnings estimated to increase 180.60% this year, 68.00% next year and continue to compound at an annual rate of 13.00% for the next 6 years
• Wall Street analysts have 8 strong buy, 1 buy, 2 hold and a sell recommendation in place

5 Mid-Caps for Momentum Investors

This morning I wanted to find 5 Mid-Cap stocks for Momentum Investors so 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 better.  Today's Watch List includes:

InterDigital (IDCC), Reinsurance Group of America (RGA), Associated Bancorp (ASB), Trustmark (TRMK) and Woodward (WWD).

InterDigital (IDCC)

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 9.78% in the last month
• Relative Strength Index 87.92%
• Technical support level at 71.05
• Recently traded at 72.49 with a 50 day moving average of 62.41

Reinsurance Group of America (RGA)

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 7.58% in the last month
• Relative Strength Index 80.27%
• Technical support level of 106.41
• Recently traded at 107.89 with a 50 day moving average of 99.32

Associated Bancorp (ASB)

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 8.19% in the last month
• Relative Strength Index 65.85%
• Technical support level at 19.40
• Recently traded at 19.76 with a 50 day moving average of 18.43

Trustmark (TRMK)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 6.13% in the last month
• Relative Strength index 75.46%
• Technical support level at 27.77
• Recently traded at 28.35 with a 50 day moving average of 26.27

Woodward (WWD)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 13 new highs and up 8.18% in the last month
• Relative Strength Index 72.48%
• Technical support level at 62.78
• Recently traded at 63.97 with a 50 day moving average of 59.48

MORNING CALL 9/6

MORNING CALL

Tuesday, September 6th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU16 +0.09%) are up +0.09% and European stocks are up +0.18% on speculation that last Friday's weaker-than-expected U.S. Aug non-farm payrolls will keep the Fed from raising interest rates this month. Also, signs of increased M&A activity lifted stock prices with Monsanto up nearly 3% in pre-market trading after Bayer AG raised its takeover bid for a second time and said the two companies are in advanced talks. In addition, Navistar International surged 26% in pre-market trading after the WSJ reported that Volkswagen is said to be near a deal to take a 19.9% stake in the company. Energy-producing stocks are higher as well with crude oil prices up +1.33% after Saudi Arabia and Russia pledged to cooperate to stabilize oil markets, although they failed to announce any specific measures to boost prices. Asian stocks settled mostly higher: Japan +0.26%, Hong Kong +0.58%, China +0.61%, Taiwan +1.01%, Australia -0.29%, Singapore +1.47%, South Korea +0.50%, India +1.56%.

The dollar index (DXY00 -0.27%) is down -0.26%. EUR/USD (^EURUSD) is up +0.16%. USD/JPY (^USDJPY) is down -0.15% as the yen strengthened after Koichi Hamada, an economic advisor to Prime Minister Abe, said the BOJ should wait until after the Fed decides on interest rates before it acts itself.

Dec T-note prices (ZNZ16 +0.02%) are little changed, down -0.5 of a tick.

German Jul factory orders of +0.2% m/m and -0.7% y/y were weaker than expectations of +0.5% m/m and -0.2% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) final-Aug Markit services PMI (expected +0.2 to 51.1), (2) Aug ISM non-manufacturing PMI (expected -0.2 to 55.3, Jul-1.0 to 55.5), (3) San Francisco Fed President John Williams (non-voter) speaks on the economic outlook at an event in Reno, NV, (4) USDA weekly grain export inspections, (5) USDA Weekly Crop Progress.

Russell 1000 companies that report earnings today: Marvel Technology Group (consensus $0.11), Casey's General Stores (1.81).

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

Equity conferences during the remainder of this week include: Citi Global Technology Conference on Tue-Thu, Barclays CEO Energy Power Conference on Tue-Thu, Barclays Global Consumer Staples Conference on Tue-Thu, Barclays Back-to-School Conference on Tue-Thu, Cowen and Company Global Transportation Conference on Wed, Citi Biotech Conference on Wed, Avondale Partners Tech Services Conference on Wed, Goldman Sachs Global Retailing Conference on Wed-Thu, Drexel Hamilton Technology, Media and Telecom Conference on Wed-Thu, Keefe, Bruyette, & Woods Insurance Conference on Wed-Thu, Goldman Sachs Financial Technology Conference on Thu, Evercore ISI Real Estate Conference on Thu, Gabelli & Company Aircraft Supplier & Connectivity Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Monsanto (MON +0.50%) is up nearly 3% in pre-market trading after Bayer AG raised its takeover bid for a second time as it up its offer to $127.50 a share and said the two companies are in advanced talks.

Navistar International (NAV +3.99%) soared over 25% in pre-market trading after the WSJ reported that Volkswagen is said to be near a deal to take a 19.9% stake in the company and a person with knowledge of the matter said the stake could ultimately provide a stepping stone for a full takeover.

Danaher (DHR -0.31%) agreed to buy Cepheid (CPHD +0.47%) in a deal valued at about $4 billion or $53 a share in cash, a 54% premium to last Friday's close.

State Street (STT +0.73%) was downgraded to 'Hold' from 'Buy' at Sandler O'Neill with a 12-month target price of $73.

CBS Corp. (CBS +0.35%) was rated a new 'Buy' at Drexel Hamilton LLC with a 12-month target price of $65.

Equinix (EQIX +1.28%) was upgraded to 'Outperform' from 'Market Perform' at Oppenheimer with an 18-month target price of $420.

Credit Acceptance (CACC -0.49%) was downgraded to 'Sell' from 'Neutral' at Compass Point Research & Trading LLC with a 12-month target price of $170.

Lions Gate Entertainment (LGF +1.34%) was rated a new 'Buy' at Brean Capital with a 12-month target price of $27.

AvalonBay Communities (AVB -0.20%) was upgraded to 'Buy' from 'Hold' at Sandler O'Neill with a 12-month target price of $200.

Herbalife (HLF +0.29%) gained almost 1% in after-hours trading after Carl Icahn disclosed that he bought 306,846 shares of Herbalife on Aug 31 at $60.39 to bring his total holdings to 19.6 million shares.

PennantPark Investment (PNNT +1.00%) rose 4% in after-hours trading after it declared a 28 cent quarterly dividend.

MARKET COMMENTS

Sep E-mini S&Ps (ESU16 +0.09%) this morning are up +2.00 points (+0.09%). Friday's closes: S&P 500 +0.42%, Dow Jones +0.39%, Nasdaq +0.31%. The S&P 500 on Friday closed higher on speculation the Fed may delay a rate hike after U.S. Aug non-farm payrolls rose +151,000, less than expectations of +180,000. Also, a rally in energy stocks boosted the overall market after the price of crude oil rose +2.97%. On the negative side was the +0.1% m/m and +2.4% y/y increase in U.S. Aug avg hourly earnings, weaker than expectations of +0.2% m/m and +2.5% y/y.

Dec 10-year T-notes (ZNZ16 +0.02%) this morning are down -0.5 of a tick. Friday's closes: TYZ6 -5.50, FVZ6 -0.50. Dec T-notes on Friday erased an early rally and closed lower as stocks rallied, which reduced the safe-haven demand for government debt. T-note prices were also weighed down on speculation that even though the increase in U.S. Aug non-farm payrolls (+151,000 vs. expectations of +180,000), was not as big as expected, it may still be strong enough for the Fed to raise interest rates.

The dollar index (DXY00 -0.27%) this morning is down -0.250 (-0.26%). EUR/USD (^EURUSD) is up +0.0018 (+0.16%). USD/JPY (^USDJPY) is down-0.15 (-0.15%). Friday's closes: Dollar index +0.191 (+0.20%), EUR/USD -0.0041 (-0.37%), USD/JPY +0.69 (+0.67%). The dollar index on Friday closed higher on speculation that Friday's U.S. Aug non-farm payrolls, although weaker than expected, is still strong enough to warrant a Fed interest rate increase. The dollar also garnered support from a weak yen as USD/JPY rallied to a 5-week high on expectations for the BOJ to expand stimulus while the Fed hikes rates.

Oct crude oil (CLV16 +1.22%) this morning is up +59 cents (+1.33%) and Oct gasoline (RBV16 +1.88%) is up +0.0245 (+1.88%). Friday's closes: CLV6 +1.28 (+2.97%), RBV6 +0.0169 (+1.33%). Oct crude oil and gasoline on Friday closed higher due to comments from Russian President Putin who said he'd like OPEC and Russia, producers of half of the world's oil, to reach a deal to freeze production with an exemption for Iran. A rally in stocks was also supportive for crude as it boosts confidence in the economic outlook and energy demand.

GLOBAL EVENT CALENDAR09/06/2016

		Tuesday, Sep 6
US	0945 ET	Revised Aug Markit services PMI expected +0.2 to 51.1, prelim-Aug -0.5 to 50.9.
	1000 ET	Aug ISM non-manufacturing PMI expected -0.2 to 55.3, Jul -1.0 to 55.5.
	1100 ET	USDA weekly grain export inspections.
	1600 ET	USDA Weekly Crop Progress.
	2115 ET	San Francisco Fed President John Williams (non-voter) speaks on the economic outlook at an event in Reno, NV.
GER	0200 ET	German Jul factory orders expected +0.6% m/m and -0.1% y/y, Jun-0.4% m/m and -3.1% y/y
	0330 ET	German Aug construction PMI, Jul 51.6.
UK	0400 ET	UK Aug new car registrations, Jul +0.1% y/y.
	1901 ET	UK Aug BRC shop price index, Jul -1.6% y/y.
EUR	0500 ET	Revised Eurozone Q3 GDP, previous +0.3% q/q and +1.6% y/y.
		Wednesday, Sep 7
US	0700 ET	Weekly MBA mortgage applications, previous +2.8% with purchase sub-index +1.3% and refi sub-index +3.7%.
	1000 ET	Jul JOLTS job openings, Jun +110,000 to 5.624 million.
	1400 ET	Fed Beige Book.
JPN	0100 ET	Japan Jul leading index CI expected -0.6 to 98.6, Jun 99.2. Jul coincident index expected +0.6 to 111.7, Jun 111.1.
	1950 ET	Revised Japan Q2 GDP, previous +0.2% (q/q annualized). Revised Q2 deflator, previous +0.8% y/y.
GER	0200 ET	German Jul industrial production expected +0.1% m/m and +0.1% y/y, Jun +0.8% m/m and +0.5% y/y.
UK	0330 ET	UK Aug Halifax house prices expected -0.3% m/m and +7.0% 3-mo/year-over-year, Jul -1.0% m/m and +8.4% 3-mo/year-over-year.
	0430 ET	UK Jul industrial production expected -0.3% m/m and +1.9% y/y, Jun +0.1% m/m and +1.6% y/y.
	0430 ET	UK Jul manufacturing production expected -0.4% m/m and +1.6% y/y, Jun -0.3% m/m and +0.9% y/y.
	1901 ET	UK Aug RICS house price balance expected 2%, Jul 5%.

U.S. STOCK CALENDAR09/06/2016

Company	Ticker	Time	Event Description	Period	Estimate
Marvell Technology Group Ltd	MRVL US	Bef-mkt	Q2 2017 Earnings Release	Q2 2017	0.111
Casey's General Stores Inc	CASY US	16:00	Q1 2017 Earnings Release	Q1 2017	1.806

TRENDING STOCKS 9/6

Sym	Name	Last	Change	Percent	High	Low	Volume	Time	Links
BAC	Bank of America Corp	16.00	+0.02	+0.13%	16.06	15.82	100,993,594	09/02/16
SIRI	Sirius XM Holdings I	4.18	+0.03	+0.72%	4.19	4.15	57,130,699	09/02/16
CHK	Chesapeake Energy Corp	6.60	+0.35	+5.60%	6.70	6.30	45,989,500	09/02/16
BMY	Bristol-Myers Squibb Company	56.35	-0.41	-0.72%	56.93	55.11	33,997,301	09/02/16
AUY	Yamana Gold	4.57	+0.32	+7.53%	4.58	4.39	33,821,098	09/02/16
JCI	Johnson Controls	45.45	+0.41	+0.91%	46.00	45.26	32,732,699	09/02/16
EMC	EMC Corp	28.77	-0.09	-0.31%	28.84	28.70	30,119,602	09/02/16
TYC	Tyco International Ltd	45.59	+0.58	+1.29%	46.06	45.32	29,162,900	09/02/16
AAPL	Apple Inc	107.73	+1.00	+0.94%	108.00	106.82	26,798,100	09/02/16
PAY	Verifone Systems	16.81	-3.29	-16.37%	17.09	16.07	26,748,301	09/02/16
VALE	Vale S.A.	5.60	+0.21	+3.90%	5.66	5.44	25,962,100	09/02/16
FCX	Freeport-Mcmoran Inc	10.48	+0.13	+1.26%	10.83	10.39	23,683,100	09/02/16
MT	Arcelormittal	6.04	+0.07	+1.17%	6.16	5.97	23,668,500	09/02/16
PBR	Petroleo Brasileiro S.A.- Petrobras	9.58	+0.36	+3.90%	9.70	9.46	23,452,500	09/02/16
ABX	Barrick Gold Corp	18.16	+0.36	+2.02%	18.66	17.88	22,968,299	09/02/16
ITUB	Itau Unibanco Banco Holding Sa	11.31	+0.17	+1.53%	11.42	11.26	21,212,900	09/02/16
F	Ford Motor Company	12.50	+0.06	+0.48%	12.57	12.46	21,075,900	09/02/16
GE	General Electric Company	31.29	+0.09	+0.29%	31.45	31.23	20,807,400	09/02/16
TWTR	Twitter Inc	19.55	+0.05	+0.26%	19.87	19.35	19,886,500	09/02/16
VRX	Valeant Pharmaceuticals Intl	28.76	-0.36	-1.24%	29.32	28.03	19,157,500	09/02/16