Health Insurance Innovations - Chart of the Day

Health Insurance Innovations (HIIQ) is the Barchart Chart of the Day.  The web based insurance broker has a Trend Spotter buy signal, a Weighted Alpha of 223.06+ and gained 160.03% in the last year.

The Chart of the Day belongs to Health Insurance Innovations (HIIQ).  I found the web based insurance broker by using Barchart to sort today's All Time High list  first by the highest Weighted Alpha, then again by technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 11/3 the stock gained 184.55%.

Health Insurance Innovations, Inc. operates as a developer and administrator of web-based individual health insurance plans and ancillary products. Its product portfolio consists of short-term medical plans, accident, sickness & hospital medical plans, ancillary insurance, life insurance, lifestyle and discount services. Health Insurance Innovations, Inc. is based in Tampa, Florida.

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 55.56% in the last month
• Relative Strength Index 76.33%
• Technical support level at 14.97
• Recently traded at 17.50 with a 50 day moving average of 9.84

Fundamental factors:

• Market Cap $215 million
• P/E 16.78
• Revenue expected to grow 68.20% this year and another 7.80% next year
• Earnings estimated to increase 248.10% this year, an additional 17.00% next year and continue to compound at an annual rate of 10.38% for the next 5 years
• Wall Street analysts issued 2 buy and 1 hold recommendation on the stock

MORNING CALL 12/23

Barchart Morning Call

Barchart.com - 3 hours ago

OVERNIGHT MARKETS AND NEWS

Mar E-mini S&Ps (ESH17 -0.04%) are unchanged in thin pre-holiday trade and European stocks are up +0.04% on strength in bank stocks led by a nearly 3% increase in Deutsche Bank after it agreed to pay $7.2 billion to resolve a years-long U.S. investigation into its dealings in mortgage-backed securities. Also, Italian bank stocks rallied after the government said it will put as much as 20 billion euros ($21 billion) into the country's banks. GBP/USD fell -0.24% to a 1-1/2 month low, despite UK Q3 GDP being revised higher, on concern Article 50 of Brexit will be triggered early next year. Asian stocks settled mostly lower: Japan closed for holiday, Hong Kong -0.28%, China -0.94%, Taiwan -0.44%, Australia -0.28%, Singapore -0.38%, South Korea -0.14%, India +0.24%. Concerns over capital outflows pressured Chinese stocks, while a -1.10% slide in Feb WTI crude oil prices (CLG17 -1.10%) undercuts energy producing stocks.

The dollar index (DXY00 -0.10%) is down -0.08%. EUR/USD (^EURUSD) is up +0.11%. USD/JPY (^USDJPY) is down -0.14%.

Mar 10-year T-note prices (ZNH17 +0.08%) are up +2.5 ticks.

UK Q3 GDP was revised upward to +0.6% q/q from the previously reported +0.5% q/q.

German Jan GfK consumer confidence rose +0.1 to 9.9, right on expectations.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Nov new home sales (expected +2.1% to 575,000, Oct -1.9% to 563,000), (2) final-Dec University of Michigan U.S. consumer sentiment index (expected unch at 98.0, prelim-Dec +4.2 to 98.0), (3) USDA Nov Cattle on Feed, (4) USDA Q4 Hogs & Pigs inventory, (5) USDA Nov Cold Storage.

Russell 1000 earnings reports today include: none.

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

Equity conferences this week: none.

OVERNIGHT U.S. STOCK MOVERS

FedEx (FDX -0.64%) was initiated with a 'Buy' at Aegis Capital wih a 12-month target price of $215.

Time Warner (TWX +0.49%) was downgraded to 'Hold' from 'Buy' at Brean Capital.

Cal-Maine Foods (CALM -1.64%) gained over 1% in after-hours trading after it reported a Q2 loss of -48 cents per share, right on expectations.

Lockheed Martin (LMT +0.11%) slid 2% in after-hours trading after President-elect Trump said that based on tremendous cost and cost overruns he asked Boeing to price-out a comparable F-18 Super Hornet jet.

Global Partners LP (GLP +13.74%) was upgraded to 'Buy' from 'Hold' at Stifel with a 12-month target price of $19.

Fred's (FRED -4.77%) rose over 6% in after-hours trading after Alden Global Capital reported a 24.8% stake in the company.

GameStop (GME -5.04%) was initiated with a 'Buy' by Mizuho Securities with a 12-month target price of $35.

Cintas (CTAS +0.49%) dropped 3% in after-hours trading after it reported Q2 continuing operations EPS of $1.13, below consensus of $1.15.

Progenics Pharmaceuticals (PGNX -0.23%) jumped 7% in after-hours trading after an independent review of its Phase 3 clinical trial of agent 1404 for treatment of prostate cancer recommended a continuation of the trial.

Synergy Pharmaceuticals (SGYP -1.46%) climbed nearly 3% in after-hours trading after the company said its Phase 3 trial of its plecanatide met primary endpoints in treatment of chronic idiopathic constipation.

MARKET COMMENTS

Mar E-mini S&Ps (ESH17 -0.04%) this morning are unch. Thursday's closes: S&P 500 -0.19%, Dow Jones -0.12%, Nasdaq -0.29%. The S&P 500 on Thursday closed lower on the +21,000 increase in U.S weekly jobless claims to 275,000 (more than expectations of +3,000 to 257,000 and the most in 6 months) and the weaker than expected U.S. Nov personal spending report of +0.2% and personal income report of unchanged.

Mar 10-year T-notes (ZNH17 +0.08%) this morning are up +2.5 ticks. Thursday's closes: TYH7 -1.50, FVH7 -0.50. Mar 10-year T-notes on Thursday closed lower on the stronger-than-expected upward revision to U.S. Q3 GDP to 3.5% (q/q annualized), the fastest pace of growth in 2-years, and on the stronger-than-expected U.S. Nov durable goods orders report.

The dollar index (DXY00 -0.10%) this morning is down -0.080 (-0.08%). EUR/USD (^EURUSD) is up +0.0011 (+0.11%). USD/JPY (^USDJPY) is down -0.16 (-0.14%). Thursday's closes: Dollar index +0.070 (+0.07%), EUR/USD +0.0013 (+0.12%), USD/JPY -0.01 (-0.01%). The dollar index on Thursday closed slightly higher on the stronger-than-expected upward revision for U.S. Q3 GDP and the stronger-than-expected U.S. Nov durable goods orders report. The dollar was undercut by the weaker-than-expected U.S. Nov personal spending and personal income data.

Feb WTI crude oil prices (CLG17 -1.10%) this morning are down -58 cents (-1.10%) and Feb gasoline (RBG17 -1.41%) is -0.0243 (-1.50%). Thursday's closes: Feb crude +0.16 (+0.39%), Feb gasoline -0.0060 (-0.37%). Feb crude oil and gasoline on Thursday settled mixed. Crude oil prices were boosted by the stronger-than-expected U.S. Q3 GDP report and by comments from Iraqi Oil Minister Jabbar al-Luaibi who said the Kurdish region of Iraq also agreed to cut its crude oil output. Crude oil prices were undercut by the stronger dollar.

GLOBAL EVENT CALENDAR12/23/2016

		Friday, Dec 23
US	1000 ET	Nov new home sales expected +2.1% to 575,000, Oct -1.9% to 563,000.
	1000 ET	Final-Dec University of Michigan U.S. consumer sentiment index expected unch at 98.0, prelim-Dec +4.2 to 98.0.
	1200 ET	USDA Nov Cattle on Feed.
	1200 ET	USDA Q4 Hogs & Pigs inventory.
	1500 ET	USDA Nov Cold Storage.
		Tuesday, Dec 27
US	0900 ET	Oct S&P CoreLogic compoite-20 home prices expected +0.5% m/m and +5.0% y/y, Sep +0.37% m/m and +5.08% y/y.
	1000 ET	Dec Richmond Fed manufacturing survey expected +1 to 5, Nov +8 to 4.
	1000 ET	Dec consumer confidence (Conference Board) expected +1.2 to 108.3, Nov +6.3 to 107.1.
	1100 ET	USDA weekly grain export inspections.
	1300 ET	Treasury auctions $26 billion of 2-year T-notes.

U.S. STOCK CALENDAR12/23/2016

Company	Ticker	Time	Event Description	Period	Estimate
no events

Ubiguiti Networks - Chart of the Day

Ubiguiti Networks (UBNT) is the Barchart Chart of the Day. The broadband wireless solutions company has a Trend Spotter buy signal, a Weighted Alpha of 85.94+ and gained 79.93% in the last year.

The Chart of the Day belongs to Ubiguiti Networks (UBNT).  I found the broadband wireless solutions stock by using Barchart to sort today's All Time High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or better.  Since the Trend Spotter signaled a buy on 12/7 the stock gained 2.81%.

Ubiquiti Networks, Inc. is engaged in the business of designing, manufacturing and selling broadband wireless solutions worldwide. Its products and solutions include radios, antennas and management tools and other applications in the unlicensed radio frequency spectrum. Ubiquiti Networks, Inc. is headquartered in San Jose, 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
• 7 new highs and up 4.32% in the last month
• Relative Strength Index 63.54%
• Technical support level at 57.64
• Recently traded at 58.46 with a 50 day moving average of 54.42

Fundamental factors:

• Market Cap $4.76 billion
• P/E 21.13
• Revenue expected to grow 23.20% this year and another 8.00% next year
• Earnings estimated to increase 28.20% this year, an additional 7.80% next year and continue to compound at an annual rate of 11.30% for the next 5 years
• Wall Street analysts issued 1 buy, 6 hold and 2 sell recommendations on the stock

MORNING CALL 12/22

Barchart Morning Call

Barchart.com - 3 hours ago

OVERNIGHT MARKETS AND NEWS

Mar E-mini S&Ps (ESH17 -0.09%) are down -0.09% and European stocks are down -0.04% in quiet trade. A -1.18% decline in Mar COMEX copper (HGH17 -0.92%) to a 1-month low is undercutting mining stocks, while a -0.40% fall in Feb WTI crude oil (CLG17 -0.53%) is putting pressure on energy producing stocks. Asian stocks settled mixed: Japan -0.09%, Hong Kong -0.80%, China +0.07%, Taiwan -0.93%, Australia +0.54%, Singapore -0.68%, South Korea -0.05%, India -1.00%.

The dollar index (DXY00 -0.10%) is down -0.07%. EUR/USD (^EURUSD) is up +0.26% after the ECB in its monthly bulletin said that it sees the recovery in the Eurozone continuing and that headline inflation will pick up in 2017. USD/JPY (^USDJPY) is down -0.20%

Mar 10-year T-note prices (ZNH17 -0.05%) are down -2 ticks.

The ECB in its monthly economic bulletin said that it sees a moderate, firming Eurozone recovery proceeding and that headline inflation to pick up strongly at the turn of the year.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +3,000 to 257,000, previous -4,000 to 254,000) and continuing claims (expected -8,000 to 2.010 million, previous +11,000 to 2.018 million), (2) revised Q3 GDP expected 3.3% (q/q annualized) vs previous +3.2% (3) Nov durable goods orders (expected -4.9% and +0.2% ex transportation, Oct +4.6% and +0.8% ex transportation), (4) Nov Chicago Fed national activity index (expected -0.02 to -0.10, Oct +0.15 to -0.08), (5) Oct FHFA house price index (expected +0.5% m/m, Sep +0.6% m/m), (6) Nov personal spending (expected +0.3%, Oct +0.3%) and Nov personal income (expected +0.3%, Oct +0.6%), (7) Nov PCE deflator (expected +0.2% m/m and +1.5% y/y, Oct +0.2% m/m and +1.4% y/y) and Nov core PCE deflator (expected +0.1% m/m and +1.7% y/y, Oct +0.1% m/m and +1.7% y/y), (8) Nov leading indicators (expected +0.1%, Oct +0.1%), (9) Dec Kansas City Fed manufacturing activity (expected +3 to 4, Nov -5 to 1), (10) Treasury auctions $14 billion of 5-year TIPS, and (11) USDA weekly Export Sales.

Russell 1000 earnings reports today include: Cintas (consensus $1.15), Rite Aid (0.05), Conagra (0.45).

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

Equity conferences this week: none.

OVERNIGHT U.S. STOCK MOVERS

Finish Line (FINL -8.74%) was downgraded to 'Hold' from 'Buy' at Canaccord Genuity.

Akamai Technologies (AKAM -1.21%) was rated a new 'Buy' at Guggenheim Securities with a 12-month target price of $75.

Microsoft (MSFT unch) was rated a new 'Overweight' at Piper Jaffray with a price target of $80.

Cubic (CUB -0.41%) was initiated with a 'Buy' at Drexel Hamilton LLC with a 12-month target price of $58.

Micron Technology (MU -0.34%) rallied over 9% in after-hours trading after it said it sees fiscal year Q2 adjusted EPS of 58 cents-68 cents, well above consensus of 46 cents.

Bed Bath & Beyond (BBBY -1.39%) lost over 2% in after-hours trading after it said Q3 comparable same store sales unexpectedly fell -1.4%, weaker than consensus of a +0.5% increase.

Power Integrations (POWI -1.10%) was rated a new 'Buy' at Drexel Hamilton LLC with a 12-month target price of $79.

Herman Miller (MLHR -0.98%) fell over 6% in after-hours trading after it reported Q2 net sales of $577.5 million, less than consensus of $593 million. and said it sees Q3 EPS of 31 cents-35 cents, weaker than consensus of 46 cents.

Red Hat (RHT +0.50%) plunged 12% in after-hours trading after it forecast Q4 revenue of $614 million-$622 million, below consensus of $638.2 million, and then lowered guidance on fiscal 2017 revenue to $2.40 to $2.41 billion, less than consensus of $2.42 billion.

Alexion Pharmaceuticals (ALXN +1.94%) slipped 1% in after-hours trading after its Soliris drug failed to prevent complications in a trial of kidney transplant patients.

CalAmp Corp. (CAMP +1.22%) dropped nearly 6% in after-hours trading after it reported Q3 adjusted EPS of 21 cents, below consensus of 26 cents.

XOMA Corp. (XOMA -3.00%) jumped 13% in after-hours trading after it generated up to $22 million through the sale of royalty streams from two license agreements to HealthCare Royalty Partners.

MARKET COMMENTS

Mar E-mini S&Ps (ESH17 -0.09%) this morning are down -2.00 points (-0.09%). Wednesday's closes: S&P 500 -0.25%, Dow Jones -0.16%, Nasdaq -0.10%. The S&P 500 on Wednesday closed lower on carry-over weakness from a slide in European stocks that were pulled down by a sell-off in Spanish bank stocks after the EU Court of Justice ruled that borrowers in Spain who paid too much interest on home loans are entitled to a refund from their banks. There was also weakness in energy producer stocks after the price of crude oil fell -1.48%. Stocks were boosted by an unexpected +0.7% increase in U.S. Nov existing home sales to 5.61 million (stronger than expectations of -1.8% to 5.50 million and the most in 9-3/4 years) and by reduced market anxiety after the VIX volatility index fell to a 16-1/2 month low.

Mar 10-year T-notes (ZNH17 -0.05%) this morning are down -2 ticks. Wednesday's closes: TYH7 +5.50, FVH7 +3.00. Mar 10-year T-notes on Wednesday closed higher on carry-over support from a rally in German bunds to a 3-week high and on increased safe-haven demand after stocks fell.

The dollar index (DXY00 -0.10%) this morning is down -0.070 (-0.07%). EUR/USD (^EURUSD) is up +0.0027 (+0.26%). USD/JPY (^USDJPY) is up +0.10 (+0.09%). Wednesday's closes: Dollar index -0.270 (-0.26%), EUR/USD +0.0036 (+0.35%), USD/JPY -0.31 (-0.26%). The dollar index on Wednesday closed lower on a decline in U.S. Treasury yields, which reduced the dollar's interest rate differentials. There was also strength in EUR/USD after Eurozone Dec consumer confidence rose to a 1-1/2 year high.

Feb WTI crude oil prices (CLG17 -0.53%) this morning are down -21 cents (-0.40%) and Feb gasoline (RBG17 -1.46%) is -0.0219 (-1.35%). Wednesday's closes: Feb crude -0.79 (-1.48%), Feb gasoline +0.0005 (+0.03%). Feb crude oil and gasoline on Wednesday settled mixed. Crude oil prices fell after weekly EIA crude inventories unexpectedly rose +2.26 million bbl versus expectations for a -2.5 million bbl decline. Crude oil prices were boosted by a weaker dollar and by the unexpected -1.31 million bbl decline in EIA gasoline stockpiles (vs expectations for a +1.375 million bbl increase).

GLOBAL EVENT CALENDAR12/22/2016

		Thursday, Dec 22
US	0830 ET	Weekly initial unemployment claims expected +3,000 to 257,000, previous -4,000 to 254,000. Weekly continuing claims expected -8,000 to 2.010 million, previous +11,000 to 2.018 million.
	0830 ET	Revised Q3 GDP expected 3.3% (q/q annualized), previous +3.2%. Q3 personal consumption expected unrevised at +2.8%. Q3 GDP price index expected unrevised at +1.4%. Q3 core PCE expected unrevised at +1.7% q/q.
	0830 ET	Nov durable goods orders expected -4.9% and +0.2% ex transportation, Oct +4.6% and +0.8% ex transportation. Nov capital goods new orders nondefense ex aircraft expected +0.4%, Oct +0.2%.
	0830 ET	Nov Chicago Fed national activity index expected -0.02 to -0.10, Oct +0.15 to -0.08.
	0830 ET	USDA weekly Export Sales.
	0900 ET	Oct FHFA house price index expected +0.5% m/m, Sep +0.6% m/m.
	1000 ET	Nov personal spending expected +0.3%, Oct +0.3%. Nov personal income expected +0.3%, Oct +0.6%.
	1000 ET	Nov PCE deflator expected +0.2% m/m and +1.5% y/y, Oct +0.2% m/m and +1.4% y/y. Nov core PCE deflator expected +0.1% m/m and +1.7% y/y, Oct +0.1% m/m and +1.7% y/y.
	1000 ET	Nov leading indicators expected +0.1%, Oct +0.1%.
	1100 ET	Dec Kansas City Fed manufacturing activity expected +3 to 4, Nov -5 to 1.
	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) and 7-year T-notes (previous $28 billion) to be auctioned Dec 27-29.
	1300 ET	Treasury auctions $14 billion of 5-year TIPS.
		Friday, Dec 23
US	1000 ET	Nov new home sales expected +2.1% to 575,000, Oct -1.9% to 563,000.
	1000 ET	Final-Dec University of Michigan U.S. consumer sentiment index expected unch at 98.0, prelim-Dec +4.2 to 98.0.
	1200 ET	USDA Nov Cattle on Feed.
	1200 ET	USDA Q4 Hogs & Pigs inventory.
	1500 ET	USDA Nov Cold Storage.

U.S. STOCK CALENDAR12/22/2016

Company	Ticker	Time	Event Description	Period	Estimate
Rite Aid Corp	RAD US	7:00	Q3 2017 Earnings Release	Q3 2017	0.048
Conagra Brands Inc	CAG US	7:30	Q2 2017 Earnings Release	Q2 2017	0.454
Conagra Brands Inc	CAG US	9:30	Q2 2017 Earnings Call	Q2 2017
Cintas Corp	CTAS US	17:00	Q2 2017 Earnings Call	Q2 2017
Cintas Corp	CTAS US	Aft-mkt	Q2 2017 Earnings Release	Q2 2017	1.154

SkyWest - Chart of the Day

SkyWest (SKYW) is the Barchart Chart of the Day.  The regional air carrier has a Trend Spotter buy signal, a Weighted Alpha of 112.31+% and gained 97.18% in the last year.

The Chart of the Day is SkyWest (SKYW).  I found the regional air carrier by using Barchart to sort today's All Time High list first for the highest Weighted Alpha and then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 10/19 the stock gained 32.17%.

SkyWest, Inc., through its wholly-owned subsidiary, SkyWest Airlines, Inc. , operates one of the larger regional airlines in the United States. SkyWest provides passenger and air freight service and completes over 880 daily flights. Pursuant to a joint marketing and code sharing agreement with Delta Airlines, Inc., SkyWest operates as a Delta Connection in certain SkyWest markets. SkyWest entered into a marketing and code sharing agreement with Continental Airlines, Inc. Which allows SkyWest to operate as a Continental Connection in certain markets in and out of Los Angeles.

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 7.84% in the last month
• Relative Strength Index 63.65%
• Technical support level at 38.17
• Recently traded at 39.05 with a 50 day moving average of 33.68

Fundamental factors:

• Market Cap $1.95 billion
• P/E 14.03
• Dividend yield .53%
• Revenue expected to grow .60% this year and another .90% next year
• Earnings estimated to increase 37.40% this year, an additional 11.80% next year and continue to compound at an annual rate of 20.90% for the next 5 years
• Wall Street analysts issued 3 buy and 1 hold recommendation on the stock

MORNING CALL 12/21

Barchart Morning Call

Barchart.com - 3 hours ago

OVERNIGHT MARKETS AND NEWS

Mar E-mini S&Ps (ESH17 -0.08%) are little changed, down -0.07% in uninspired trade, and European stocks are down -0.37% on weakness in bank stocks. Spanish bank stocks sold-off, with Banco Sabadell SA down over 7% and Banco Popular down 10%, which put pressure on the overall market after the EU Court of Justice ruled that borrowers in Spain who paid too much interest on home loans pre-dating a May 2013 Spanish court ruling on mortgage floors are entitled to a refund from their banks. Stock losses were contained on strength in energy producing companies as Feb WTI crude oil (CLG17 +0.56%) is up +0.68% after the API reported late yesterday that U.S. crude supplies dropped -4.15 million bbl last week. Also, reduced market anxiety is positive for stock prices as the VIX volatility index slid to a 4-1/4 month low. Asian stocks settled mixed: Japan -0.26%, Hong Kong +0.37%, China +1.11%, Taiwan -0.41%, Australia +0.40%, Singapore -0.33%, South Korea -0.19%, India -0.25%. Japan's Nikkei Stock Index posted a new 1-year high, but gave up its advance and closed lower as the yen strengthened against the dollar, which undercut exporter stocks.

The dollar index (DXY00 -0.35%) is down -0.15%. EUR/USD (^EURUSD) is up +0.21%. USD/JPY (^USDJPY) is down -0.48%.

Mar 10-year T-note prices (ZNH17 +0.05%) are up +2 ticks and garnered support from a rally in German bunds which climbed to a 3-week high.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -4.0% with purchase sub-index -3.3% and refi sub-index -3.6%), (2) Nov existing home sales (expected -1.8% to 5.50 million, Oct +2.0% to 5.60 million), (3) EIA Weekly Petroleum Status Report.

Russell 1000 earnings reports today include: Accenture (consensus $1.50), Paychex (0.56), Bed Bath & Beyond (0.98), Red Hat (0.58), Micron Technology (0.27), Orbital ATK (1.39).

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

Equity conferences this week: none.

OVERNIGHT U.S. STOCK MOVERS

Goldman Sachs (GS +1.68%) was downgraded to 'Neutral' from 'Overweight' at Atlantic Securities with a 12-month target price of $240.

JetBlue Airways (JBLU +1.24%) was downgraded to 'Market Perform' from 'Outperform' at Raymond James.

Sunoco LP (SUN -8.02%) was upgraded to 'Outperform' from 'Neutral' at Credit Suisse with a target price of $31.

Goldcorp (GG -0.40%) was upgraded to 'Buy' from 'Hold' at TD Securities with a 12-month target price of $18.50.

Texas Instruments (TXN +0.64%) was rated a new 'Positive' at Susquehanna with a 12-month target price of $85.

Fluor (FLR -0.57%) gained 1% in after-hours trading after it was awarded a contract by Novo Nordisk to build a $2 billion manufacturing facility in Clayton, North Carolina.

BB&T (BBT +1.69%) boosted its 2016/17 share buyback program by $200 million.

Nike (NKE +1.85%) climbed 3% in after-hours trading after it reported Q2 EPS of 50 cents, higher than consensus of 43 cents. Under Armour (UAA -0.33%) also gained 1% on the news.

FedEx (FDX +0.57%) dropped 3% in after-hours trading after it reported Q2 adjusted EPS of $2.80, weaker than consensus of $2.91.

DexCom (DXCM +0.08%) gained almost 2% in after-hours trading after the FDA approved its G5 Mobile CGM system as the first and only continuous glucose monitoring system that can be used without finger pricking to test glucose levels.

Steelcase (SCS +3.38%) slumped 8% in after-hours trading after it reported Q3 revenue of $786.5 million, less than consensus of $787 million, and then lowered guidance on Q4 revenue to $735 million-$760 million, below consensus of $762 million.

MARKET COMMENTS

Mar E-mini S&Ps (ESH17 -0.08%) this morning are down -1.50 points (-0.07%). Tuesday's closes: S&P 500 +0.36%, Dow Jones +0.46%, Nasdaq +0.38%. The S&P 500 on Tuesday closed higher on carry-over support from a rally in Japan's Nikkei Stock Index to a 1-year high after Japan's Cabinet Office raised its Japan 2017 GDP forecast to 1.5% from +1.2%. In addition, energy producer stocks were boosted as the price of crude oil rose +0.85%.

Mar 10-year T-notes (ZNH17 +0.05%) this morning are up +2 ticks. Tuesday's closes: TYH7 -4.50, FVH7 -2.25. Mar 10-year T-notes on Tuesday closed lower on reduced safe-haven demand with the rally in stocks and on higher inflation expectations from the rally in crude oil prices.

The dollar index (DXY00 -0.35%) this morning is down -0.160 (-0.15%). EUR/USD (^EURUSD) is up +0.0022 (+0.21%). USD/JPY (^USDJPY) is down -0.57 (-0.48%). Tuesday's closes: Dollar index +0.150 (+0.15%), EUR/USD -0.0014 (-0.13%), USD/JPY +0.77 (+0.66%). The dollar index on Tuesday rallied to a 14-year high and closed higher on the increase in the 10-year T-note yield. In addition, there was strength in USD/JPY after the BOJ maintained its asset-purchase program and Japan's Cabinet Office lowered its Japan 2017 CPI estimate, which bolsters the case for additional BOJ easing.

Feb WTI crude oil prices (CLG17 +0.56%) this morning are up +36 cents (+0.68%) and Feb gasoline (RBG17 +0.35%) is +0.0059 (+0.37%) at a new 1-1/2 month high. Tuesday's closes: Feb crude +0.45 (+0.85%), Feb gasoline +0.0349 (+2.20%). Feb crude oil and gasoline on Tuesday closed higher with Feb gasoline at a 1-1/2 month high. Crude oil prices were boosted by expectations for Wednesday's EIA crude inventories to decline by -2.5 million bbl and by the increase in the crack spread to a 1-1/2 month high, which may boost refinery demand for crude to refine into gasoline. Crude oil prices were undercut by the rise in the dollar index to a 14-year high.

GLOBAL EVENT CALENDAR12/21/2016

		Wednesday, Dec 21
US	0700 ET	Weekly MBA mortgage applications, previous -4.0% with purchase sub-index -3.3% and refi sub-index -3.6%.
	1000 ET	Nov existing home sales expected -1.8% to 5.50 million, Oct +2.0% to 5.60 million.
	1030 ET	EIA Weekly Petroleum Status Report.
		Thursday, Dec 22
US	0830 ET	Weekly initial unemployment claims expected +3,000 to 257,000, previous -4,000 to 254,000. Weekly continuing claims expected -8,000 to 2.010 million, previous +11,000 to 2.018 million.
	0830 ET	Revised Q3 GDP expected 3.3% (q/q annualized), previous +3.2%. Q3 personal consumption expected unrevised at +2.8%. Q3 GDP price index expected unrevised at +1.4%. Q3 core PCE expected unrevised at +1.7% q/q.
	0830 ET	Nov durable goods orders expected -4.9% and +0.2% ex transportation, Oct +4.6% and +0.8% ex transportation. Nov capital goods new orders nondefense ex aircraft expected +0.4%, Oct +0.2%.
	0830 ET	Nov Chicago Fed national activity index expected -0.02 to -0.10, Oct +0.15 to -0.08.
	0830 ET	USDA weekly Export Sales.
	0900 ET	Oct FHFA house price index expected +0.5% m/m, Sep +0.6% m/m.
	1000 ET	Nov personal spending expected +0.3%, Oct +0.3%. Nov personal income expected +0.3%, Oct +0.6%.
	1000 ET	Nov PCE deflator expected +0.2% m/m and +1.5% y/y, Oct +0.2% m/m and +1.4% y/y. Nov core PCE deflator expected +0.1% m/m and +1.7% y/y, Oct +0.1% m/m and +1.7% y/y.
	1000 ET	Nov leading indicators expected +0.1%, Oct +0.1%.
	1100 ET	Dec Kansas City Fed manufacturing activity expected +3 to 4, Nov -5 to 1.
	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) and 7-year T-notes (previous $28 billion) to be auctioned Dec 27-29.
	1300 ET	Treasury auctions $14 billion of 5-year TIPS.

U.S. STOCK CALENDAR12/21/2016

Company	Ticker	Time	Event Description	Period	Estimate
Paychex Inc	PAYX US	Bef-mkt	Q2 2017 Earnings Release	Q2 2017	0.555
Accenture PLC	ACN US	6:59	Q1 2017 Earnings Release	Q1 2017	1.496
Accenture PLC	ACN US	8:00	Q1 2017 Earnings Call	Q1 2017
Paychex Inc	PAYX US	9:30	Q2 2017 Earnings Call	Q2 2017
Bed Bath & Beyond Inc	BBBY US	16:15	Q3 2017 Earnings Release	Q3 2017	0.984
Red Hat Inc	RHT US	16:15	Q3 2017 Earnings Release	Q3 2017	0.579
Micron Technology Inc	MU US	16:30	Q1 2017 Earnings Call	Q1 2017
Bed Bath & Beyond Inc	BBBY US	17:00	Q3 2017 Earnings Call	Q3 2017
Red Hat Inc	RHT US	17:00	Q3 2017 Earnings Call	Q3 2017
Micron Technology Inc	MU US	Aft-mkt	Q1 2017 Earnings Release	Q1 2017	0.269
Orbital ATK Inc	OA US		Q3 2016 Earnings Release	Q3 2016	1.386
Raymond James Financial Inc	RJF US		November 2016 Sales and Revenue Release - Operating Data	2016