Friday, January 13, 2017

Entegra Financial - Chart of the Day

Entrega Financial (ENFC) is the Barchart Chart of the Day. The financial company has a Trend Spotter buy signal, a Weighted Alpha of 28.20+ and gained 20.12% in the last year,

The Chart of the Day is Entegra Financial (ENFC). I found the financial stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the lats month, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 12/20 the stock gained 5.78%

Entegra Financial Corp. is a municipal bank. It operates as the holding company of Macon Bank. The Company offers a range of deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and individual retirement accounts. It invests primarily in loans secured by real estate, including commercial real estate loans, one-to four-family residential loans, construction loans, home equity loans and lines of credit. Entegra Financial Corp. is based in United States.

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 6.52% in the last month
Relative Strength Index 62.34%
Technical support level at 21.12
Recently traded at 21.25 with a 50 day moving average of 19.67

Fundamental factors:

Market Cap $137.8 million
P/E 18.94
The only Wall Street analysts issuing and opinion has a buy recommendation but no projections

MORNING CALL 1/13

Barchart Morning Call

Barchart.com - Fri Jan 13, 6:36AM CST

OVERNIGHT MARKETS AND NEWS

Mar E-mini S&Ps (ESH17 +0.09%) are up +0.11% and European stocks are up +0.71% after upbeat comments late Thursday evening from Fed Chair Yellen who said the U.S. economy faces no serious short-term obstacles with low unemployment and wage growth beginning to pick up. Stock gains were limited on global growth concerns after China Dec exports declined more than expected. Also, a -1.13% decline in Feb WTI crude prices (CLG17 -1.08%) is undercutting energy producing stocks. Asian stocks settled mixed: Japan +0.80%, Hong Kong +0.47%, China -0.21%, Taiwan -0.33%, Australia -0.79%, Singapore +1.07%, South Korea -0.76%, India -0.03%. Chinese stocks closed lower as exporting companies sold-off on earnings concerns after China Dec exports fell more than expected.

The dollar index (DXY00 -0.15%) is down -0.17%. EUR/USD (^EURUSD) is up +0.39% and found support on a jump in German Dec wholesale prices by the most in 4-years, which bolsters the case for the ECB to taper QE. USD/JPY (^USDJPY) is down -0.04%.

Mar 10-year T-note prices (ZNH17 +0.11%) are up +4 ticks.

Fed Chair Yellen said late Thursday evening that the U.S. economy faces no serious short-term obstacles, but must deal with long-term challenges of low productivity and income inequality. She said “unemployment has now reached a low level; the labor market is generally strong and wage growth is beginning to pick up. Inflation has moved up from a very low level, and it's a little bit under our 2% objective, but it's very close."

The German Dec wholesale price index rose +1.2% m/m and +2.8% y/y, the fastest pace of increase in 4 years.

The China Dec trade balance shrank to a surplus of +$40.82 billion, narrower than expectations of +$47.55 billion and the smallest surplus in 8 months. Dec exports fell -6.1% y/y, weaker than expectations of -4.0% y/y. Dec imports rose +3.1% y/y, stronger than expectations of +3.0% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Dec retail sales (expected +0.7% and +0.5% ex autos, Nov +0.1% and +0.2% ex autos), (2) Dec PPI final demand (expected +0.3% m/m and +1.6% y/y, Nov +0.4% m/m and +1.3% y/y) and Dec PPI ex food & energy (expected +0.1% m/m and +1.5% y/y, Nov +0.4% m/m and +1.6% y/y), (3) Philadelphia Fed President Patrick Harker (voter) speaks on economic mobility at an event in Philadelphia, (4) Nov business inventories (expected +0.6%, Oct -0.2%), (5) preliminary-Jan University of Michigan U.S. consumer sentiment index (expected +0.3 to 98.5, Dec +4.4 to 98.2), (6) Dec monthly budget statement (expected -$25.0 billion, Nov -$136.7 billion).

S&P 500 earnings reports today include: JPMorgan (consensus $1.43), Bank of America (0.38), BlackRock (5.02), PNC Financial (1.85), Wells Fargo (1.00).

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

Equity conferences today: none.

OVERNIGHT U.S. STOCK MOVERS

Bank of America (BAC -0.65%) is up +0.5% in pre-market trading after it reported Q4 adjusted EPS of 40 cents, better than consensus of 38 cents

GrubHub (GRUB +0.54%) rose 2% in pre-market trading after being upgraded by Morgan Stanley to 'Overweight' from 'Equal-weight'

BlackRock (BLK -0.70%) reported Q4 adjusted EPS of $5.14, stronger than consensus of $5.02.

GameStop (GME +0.45%) was downgraded to 'Neutral' from 'Outperform' at Macquarie Research with a 12-month target price of $23.

Tractor Supply (TSCO -0.72%) was upgraded to 'Outperform' from 'Neutral' at Wedbush.

Zillow Group (ZG +1.80%) was downgraded to 'Equal-weight' from 'Overweight' at Morgan Stanley.

Independence Realty Trust (IRT -0.44%) was rated a new 'Outperform' at Baird with a 12-month target price of $10.

Signet Jewelers (SIG -0.40%) slid over 1% in after-hours trading after Corvex Management sold 2.5 million shares in a block trade.

WPX Energy (WPX -1.36%) lost 1% in after-hours trading after it announced a public offering of 42 million shares of common stock.

Pandora Media (P +0.93%) jumped 7% in after-hours trading after it said it sees Q4 revenue above its October 25 forecast of $362 million-$374 million citing strong advertising.

Two Harbors Investment (TWO -0.45%) fell nearly 2% in after-hours trading after it proposed a public offering of $250 million of senior convertible notes due 2022.

Uranium Resources (URRE -1.88%) slumped 17% in after-hours trading after it proposed a public offering of common stock, although no size or terms of the offering were mentioned.

Nivalis Therapeutics (NVLS -2.64%) gained 2% in after-hours trading after it announced restructuring plans to "reduce operational costs and preserve cash" while exploring strategic alternatives and named CFO Michael Carruthers as interim president effective Jan 15.

MARKET COMMENTS

Mar E-mini S&Ps (ESH17 +0.09%) this morning are up +2.50 points (+0.11%). Thursday's closes: S&P 500 -0.21%, Dow Jones -0.32%, Nasdaq -0.17%. The S&P 500 on Thursday dropped to a 1-week low and closed lower on some continued disappointment that President-elect Trump did not provide specifics on any of his fiscal-stimulus plans in Wednesday's press conference. There was also continued weakness in pharmaceutical and biotech stocks after President-elect Trump said he would force drug makers to bid for government business to save the government money. Stocks found some support from the +10,000 rise in U.S. weekly jobless claims to 247,000, less than expectations of +20,000 to 255,000.

Mar 10-year T-notes (ZNH17 +0.11%) this morning are up +4 ticks. Thursday's closes: TYH7 +2.50, FVH7 +1.50. Mar 10-year T-notes on Thursday closed higher and the 10-year T-note yield fell to a 6-week low of 2.305%. T-note prices were boosted by the sell-off in the S&P 500 to a 1-week low, which boosted the safe-haven demand for T-notes, and by strong foreign demand for the Treasury's $12 billion auction of 30-year T-bonds that had a bid-to-cover ratio of 2.32, above the 12-auction average of 2.29. In addition, indirect bidders, a proxy for foreign buyers, bought 66.7% of the auction, above the 12-auction average of 61.4%.

The dollar index (DXY00 -0.15%) this morning is down -0.17 (-0.17%). EUR/USD (^EURUSD) is up +0.0032 (+0.30%). USD/JPY (^USDJPY) is down -0.05 (-0.04%). Thursday's closes: Dollar index -0.43 (-0.42%), EUR/USD +0.0031 (+0.29%), USD/JPY -0.69 (-0.60%). The dollar index on Thursday tumbled to a 1-month low and closed lower on continued liquidation of long dollar positions on disappointment that President-elect Trump did not discuss his administration's fiscal stimulus plans at Wednesday's press conference. The dollar was also undercut by reduced dollar interest rate differentials after the 10-year T-note yield dropped to a 1-1/4 month low. USD/JPY fell to a 1-month low as weakness in stocks boosted the safe-haven demand for the yen.

Feb WTI crude oil prices (CLG17 -1.08%) this morning are down -60 cents (-1.13%) and Feb gasoline (RBG17 -0.52%) is -0.0092 (-0.57%). Thursday's closes: Feb crude +0.78 (+1.49%), Feb gasoline +0.0247 (+1.55%). Feb crude oil and gasoline on Thursday closed higher on the sell-off in the dollar index to a 1-month low and on signs of falling OPEC oil production after Saudi Arabia's Energy Minister Al-Falih said that Saudi oil production is now below 10 million bpd, a deeper cut than the 10.058 million bpd it had agreed to and the lowest production in 22 months. Crude oil also found continued support from Wednesday's EIA data that showed strong refinery demand for crude after U.S. refiners used 17.1 million bpd of crude last week, the most since data began in 1989.

GLOBAL EVENT CALENDAR01/13/2017

		Friday, Jan 13
US	0830 ET	Dec retail sales expected +0.7% and +0.5% ex autos, Nov +0.1% and +0.2% ex autos.
	0830 ET	Dec PPI final demand expected +0.3% m/m and +1.6% y/y, Nov +0.4% m/m and +1.3% y/y. Dec PPI ex food & energy expected +0.1% m/m and +1.5% y/y, Nov +0.4% m/m and +1.6% y/y.
	0930 ET	Philadelphia Fed President Patrick Harker (voter) speaks on economic mobility at an event in Philadelphia.
	1000 ET	Nov business inventories expected +0.6%, Oct -0.2%.
	1000 ET	Preliminary-Jan University of Michigan U.S. consumer sentiment index expected +0.3 to 98.5, Dec +4.4 to 98.2.
	1400 ET	Dec monthly budget statement expected -$25.0 billion, Nov -$136.7 billion.
		Tuesday, Jan 17
US	0830 ET	Jan Empire manufacturing survey general business conditions expected -1.2 to 7.8, Dec +7.5 to 9.0.
	0845 ET	New York Fed President Dudley (voter) speaks at a National Retail Federation Conference on consumer behavior.
	1100 ET	USDA weekly grain export inspections.
	1800 ET	San Francisco Fed President John Williams (non-voter) speaks at the Sacramento Business Review Economic Forecast event.

U.S. STOCK CALENDAR01/13/2017

Company	Ticker	Time	Event Description	Period	Estimate
BlackRock Inc	BLK US	Bef-mkt	Q4 2016 Earnings Release	Q4 2016	5.022
First Republic Bank/CA	FRC US	Bef-mkt	Q4 2016 Earnings Release	Q4 2016	1.025
JPMorgan Chase & Co	JPM US	6:45	Q4 2016 Earnings Release	Q4 2016	1.427
Bank of America Corp	BAC US	6:45	Q4 2016 Earnings Release	Q4 2016	0.377
PNC Financial Services Group Inc/The	PNC US	6:45	Q4 2016 Earnings Release	Q4 2016	1.845
First Horizon National Corp	FHN US	7:00	Q4 2016 Earnings Release	Q4 2016	0.254
Wells Fargo & Co	WFC US	8:00	Q4 2016 Earnings Release	Q4 2016	0.999
Bank of America Corp	BAC US	8:30	Q4 2016 Earnings Call	Q4 2016
BlackRock Inc	BLK US	8:30	Q4 2016 Earnings Call	Q4 2016
First Horizon National Corp	FHN US	9:30	Q4 2016 Earnings Call	Q4 2016
JPMorgan Chase & Co	JPM US	10:00	Q4 2016 Earnings Call	Q4 2016
John Wiley & Sons Inc	JW/A US	10:00	Investor Day	Y 2017
First Republic Bank/CA	FRC US	10:00	Q4 2016 Earnings Call	Q4 2016
PNC Financial Services Group Inc/The	PNC US	11:00	Q4 2016 Earnings Call	Q4 2016
Wells Fargo & Co	WFC US	11:30	Q4 2016 Earnings Call	Q4 2016
GameStop Corp	GME US		December 2016 Sales and Revenue Release	2016

Thursday, January 12, 2017

Wellcare Group - Chart of the Day

Wellcare Group (WCG) is the Barchart Chart of the Day. The managed care company has a Trend Spotter buy signal, a Weighted Alpha of 96.43+ and gained 91.73% in the last year.

The Chart of the Day belongs to Wellcare Group (WCG). I found the managed care 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 more. Since the Trend Spotter signaled a buy on 11/1 the stock gained 19.09%.

WellCare Health Plans, Inc. provides managed care services targeted exclusively to government-sponsored healthcare programs, focusing on Medicaid and Medicare. WellCare provides high-quality, affordable healthcare services to members in Florida, New York, Connecticut, Illinois and Indiana.

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
6 new highs and up 2.55% in the last month
Relative Strength Index 68.57%
Technical support level at 141.26
Recently traded at 144.72 with a 50 day moving average of 133.98

Fundamental factors:

Market Cap $6.250 million
P/E 25.56
Revenue expected to grow 2.80% this year and another 10.40% next year
Earnings estimated to increase 58.10% this year, an additional 15.60% next year and continue to compound at an annual rate of 19.91% for the next 5 years
Wall Street analysts issued 2 buy and 8 hold recommendations on the stock

MORNING CALL 1/12

Barchart Morning Call

Barchart.com - 43 minutes ago

OVERNIGHT MARKETS AND NEWS

Mar E-mini S&Ps (ESH17 -0.29%) are down -0.28% and European stocks are down -0.09% on negative fallout from President-elect Trump's press conference Wednesday that lacked specifics and details on any economic-stimulus plans. The dollar index (DXY00 -0.98%) is down -0.76% at a 4-week low and sold-off as well as a lack of details on infrastructure investment from Trump spurred liquidation of long dollar positions. The weak dollar boosted metals prices with Feb COMEX gold (GCG17 +0.75%) up +0.68% at a 1-1/2 month high and Mar COMEX copper (HGH17 +0.86%) up +0.61% at a 1-month high. Crude oil prices also moved higher on the weak dollar with Feb WTI crude (CLG17 +1.19%) up +1.15%. Crude prices also garnered support on signs that OPEC is keeping its pledge to cut oil production when Saudi Energy Minister Khalid al-Falih said "our production now is below 10 million bpd and we are going the extra mile to lead out colleagues within and outside OPEC to make sure the market sees that there is serious action." Losses in European stocks were contained after Eurozone Nov industrial production rose more than expected. Asian stocks settled mostly lower: Japan -1.19%, Hong Kong -0.46%, China -0.56%, Taiwan +0.69%, Australia -0.08%, Singapore -0.26%, South Korea +0.67%, India +0.39%. Asian stock markets fell with China's Shanghai Composite and Japan's Nikkei Stock index both at 1-week lows as drug makers and health-care stocks sold-off after President-elect Trump on Wednesday criticized the pharmaceutical industry and said he would force the industry to bid for government business. Japanese exporters moved lower as well after the yen rose to a 1-month high against the dollar, which reduces exporters' earnings prospects.

The dollar index (DXY00 -0.98%) is down -0.76% at a 4-week low. EUR/USD (^EURUSD) is up +0.76% at a 4-week high. USD/JPY (^USDJPY) is down -1.02% at a 1-month low.

Mar 10-year T-note prices (ZNH17 +0.23%) are up +10 ticks.

The ECB Governing Council lowered the ELA ceiling for Greek banks to 46.5 billion euros from 50.7 billion euros, which signals an improvement in the liquidity situation of Greek banks.

Eurozone Nov industrial production rose +1.5% m/m and +3.2% y/y, stronger than expectations of +0.6% m/m and +1.6% y/y with the +3.2% y/y gain the biggest year-on-year increase in 10 months.

China Dec new yuan loans rose 1.04 trillion yuan, stronger than expectations of 676.8 billion yuan. Dec aggregate financing rose 1.63 trillion yuan, stronger than expectations of 1.30 trillion yuan.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +20,000 to 255,000, previous -28,000 to 235,000) and continuing claims (expected -28,000 to 2.084 million, previous +10,000 to 2.112 million), (2) Dec import price index (expected +0.7% m/m and +1.8% y/y, Nov -0.3% m/m and -0.1% y/y), (3) Philadelphia Fed President Patrick Harker (voter) speaks at an event in Malvern, Pennsylvania, (4) Chicago Fed President Charles Evans (voter) and Atlanta Fed President Dennis Lockhart (non-voter) speak on the economic outlook and monetary policy at a meeting of the American Council of Life Insurers in Naples, FL, (5) Treasury auctions $12 billion of 30-year T-bonds, (6) Dallas Fed President Robert Kaplan (voter) will speak at the Dallas Regional Chamber Annual Meeting, (7) Dec monthly budget statement (expected -$26.0 billion, Nov -$136.7 billion), (8) Fed Chair Janet Yellen addresses a town hall meeting with educators and will speak briefly about the mission and responsibilities of the Federal Reserve System. Q&A will follow, (9) USDA weekly Export Sales, (10) USDA Jan WASDE crop production, (11) USDA Quarterly grain stocks.

Russell 1000 earnings reports today include: Delta Airlines (consensus $0.82).

U.S. IPO's scheduled to price today: Gores Holdings II (GSHTU).

Equity conferences this week include: J.P. Morgan Healthcare Conference on Mon-Thu, Evercore ISI Utility Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Adobe Systems (ADBE +0.67%) was downgraded to 'Hold' from 'Buy' at Pivotal Research Group LLC with a 12-month price target of $104.

U.S. Steel (X -0.85%) was downgraded to 'Neutral' from 'Outperform' at Credit Suisse with a price target of $30,

Disney (DIS +0.98%) was downgraded to 'Sell' from 'Hold' at Pivotal Research Group LLC with a 12-month price target of $85.

SunTrust Banks (STI +0.59%) was upgraded to 'Strong Buy' from 'Market Outperform' at Vining Sparks.

Boeing (BA +0.21%) was rated a new 'Underperform' at RBC Capital Markets with a 12-month target price of $136 saying Boeing's market position is inferior as it is shut out of the next generation of fighter and bomber plane platforms.

Raytheon (RTN -0.25%) was rated a new 'Outperform' at RBC Capital Markets with a 12-month target price of $180.

Callaway Golf (ELY -1.49%) jumped nearly 6% in after-hours trading after it purchased Ogio International for $75.5 million.

KB Home (KBH +2.15%) rallied nearly 3% in after-hours trading after it reported Q4 revenue of $1.19 billion, higher than consensus of $1.14 billion.

Century Aluminum (CENX -0.33%) rose nearly 2% in after-hours trading after people with knowledge of the matter said the U.S. is said to prepare a complaint with the WTO against China on subsidies to its domestic aluminum producers that is suppressing global aluminum prices.

Zendesk (ZEN +2.44%) climbed 3% in after-hours trading after it was rated a new 'Outperform' at Cowen with a price target of $30.

Kosmos Energy Ltd (KOS +1.00%) dropped 5% in after-hours trading after the two top holders of its stock, Blackstone and Warburg Pincus, offered to sell 30 million shares of their holdings of Kosmos.

World Wrestling Entertainment (WWE +0.05%) gained 1% in after-hours trading after it was rated a new 'Buy' at Guggenheim Securities.

Applied Optoelectronics (AAOI -0.66%) surged 18% in after-hours trading after it said preliminary Q4 adjusted EPS will be 77 cents-82 cents, higher than a November estimate of 46 cents-51 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH17 -0.29%) this morning are down -6.25 points (-0.28%). Wednesday's closes: S&P 500 +0.14%, Dow Jones +0.35%, Nasdaq +0.21%. The S&P 500 on Wednesday closed higher on strength in energy producer stocks after crude oil prices rose 2.81% and on reduced interest rate concerns after the 10-year T-note yield fell to a 5-week low. Stocks were undercut by disappointment that President-elect Trump did not provide specifics on any of his fiscal-stimulus plans. There was also weakness in pharmaceutical and biotech stocks after President-elect Trump said he would force drug makers to bid for government business to save the government money.

Mar 10-year T-notes (ZNH17 +0.23%) this morning are up +10 ticks. Wednesday's closes: TYH7 +1.50, FVH7 +0.25. Mar 10-year T-notes on Wednesday closed higher on very strong demand for the Treasury's $20 billion 10-year T-note auction that had a 2.58 bid-to-cover ratio, higher than the 12-auction average of 2.39, and on the fact that foreign bidders took a hefty 70.5% of the auction.

The dollar index (DXY00 -0.98%) this morning is down -0.77 (-0.76%) at a 4-week low. EUR/USD (^EURUSD) is up +0.0080 (+0.76%) at a 4-week high. USD/JPY (^USDJPY) is down -1.18 (-1.02%) at a 1-month low. Wednesday's closes: Dollar index -0.28 (-0.27%), EUR/USD +0.0028 (+0.27%), USD/JPY -0.36 (-0.31%). The dollar index on Wednesday closed lower on (1) reduced dollar interest rate differentials after a decline in 10-year T-note yields, and (2) disappointment that President-elect Trump did not discuss his administration's fiscal stimulus plans at his press conference.

Feb WTI crude oil prices (CLG17 +1.19%) this morning are up +60 cents (+1.15%) and Feb gasoline (RBG17 +1.25%) is +0.0194 (+1.22%). Wednesday's closes: Feb crude +1.43 (+2.81%), Feb gasoline +0.0478 (+3.09%). Feb crude oil and gasoline on Wednesday closed higher on signs of lower OPEC crude output after Saudi Arabia was said to cut Feb crude oil sales to China and southern Asian nations. In addition, the weekly EIA report contained bullish news since it showed (1) strong foreign demand for U.S. crude after U.S. crude exports jumped 6% in the week ended Jan 6 to 727,000 bpd, the highest since data began in 1993, and (2) strong refinery demand for crude after U.S. refiners used 17.1 million bpd of crude last week, the most since data began in 1989. Crude oil prices were undercut by the +2.0% increase in U.S. crude production to an 8-1/2 month high and by the +4.097 million bbl increase in EIA crude inventories, more than expectations of +1.5 million bbl.

GLOBAL EVENT CALENDAR01/12/2017

		Thursday, Jan 12
US	0830 ET	Weekly initial unemployment claims expected +20,000 to 255,000, previous -28,000 to 235,000. Weekly continuing claims expected -28,000 to 2.084 million, previous +10,000 to 2.112 million.
	0830 ET	Dec import price index expected +0.7% m/m and +1.8% y/y, Nov -0.3% m/m and -0.1% y/y.
	0830 ET	Philadelphia Fed President Patrick Harker (voter) speaks at an event in Malvern, Pennsylvania.
	0830 ET	Chicago Fed President Charles Evans (voter) and Atlanta Fed President Dennis Lockhart (non-voter) speak on the economic outlook and monetary policy at a meeting of the American Council of Life Insurers in Naples, FL.
	0830 ET	USDA weekly Export Sales.
	1100 ET	Treasury announces amount of 10-year TIPS to be auctioned Jan 19 (previous $11 billion).
	1200 ET	USDA Jan WASDE crop production.
	1200 ET	USDA Quarterly grain stocks.
	1300 ET	Treasury auctions $12 billion of 30-year T-bonds.
	1345 ET	Dallas Fed President Robert Kaplan (voter) will speak at the Dallas Regional Chamber Annual Meeting.
	1400 ET	Dec monthly budget statement expected -$26.0 billion, Nov -$136.7 billion.
	1900 ET	Fed Chair Janet Yellen addresses a town hall meeting with educators and will speak briefly about the mission and responsibilities of the Federal Reserve System. Q&A will follow.
		Friday, Jan 13
US	0830 ET	Dec retail sales expected +0.7% and +0.5% ex autos, Nov +0.1% and +0.2% ex autos.
	0830 ET	Dec PPI final demand expected +0.3% m/m and +1.6% y/y, Nov +0.4% m/m and +1.3% y/y. Dec PPI ex food & energy expected +0.1% m/m and +1.5% y/y, Nov +0.4% m/m and +1.6% y/y.
	0930 ET	Philadelphia Fed President Patrick Harker (voter) speaks on economic mobility at an event in Philadelphia.
	1000 ET	Nov business inventories expected +0.6%, Oct -0.2%.
	1000 ET	Preliminary-Jan University of Michigan U.S. consumer sentiment index expected +0.3 to 98.5, Dec +4.4 to 98.2.
	1400 ET	Dec monthly budget statement expected -$25.0 billion, Nov -$136.7 billion.

U.S. STOCK CALENDAR01/12/2017

Company	Ticker	Time	Event Description	Period	Estimate
Delta Air Lines Inc	DAL US	Bef-mkt	Q4 2016 Earnings Release	Q4 2016	0.819
Delta Air Lines Inc	DAL US	10:00	Q4 2016 Earnings Call	Q4 2016
CarMax Inc	KMX US	10:30	Analyst Day	Y 2017
Splunk Inc	SPLK US	12:00	Investor and Analyst Meeting	Y 2017
SBA Communications Corp	SBAC US	14:00	Extraordinary Shareholders Meeting	Y 2017
Monster Beverage Corp	MNST US	16:15	Investor Meeting	Y 2017
Dover Corp	DOV US	18:30	Investor Meeting	Y 2017