Friday, February 3, 2017

Pampa Energia - Chart of the Day

Pampa Energia (PAM) is the Barchart Chart of the Day. The South American utility has a Trend Spotter buy signal. a Weighted Alpha of 139.50+ and gained 115.00% in the last year.

The Chart of the Day belongs to Pampa Energia (PAM). I found the South American utility by using Barchart to sort today's All Time High list first for the highest Weighted Alpha, then again for technical buy signal of 80% or more. Since the Trend Spotter signaled a buy on 1/4 the stock gained 32.97%.

Pampa Energ'a S.A. is the largest fully integrated electricity company in Argentina. Through its subsidiaries, the Company is engaged in the generation, transmission and distribution of electricity in Argentina.

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
17 new highs and up 33.78% in the last month
Relative Strength Index 79.20%
Technical support level at 46.54
Recently traded at 48.16 with a 50 day moving average of 38.34

Fundamental factors:

Market Cap $3.5 billion
P/E 21.41
Revenue expected to grow 186.20% this year and another 83.30% next year
Earnings estimated to increase 942.10% next year
The sole analysts following the stock rates it a strong buy

MORNING CALL 2/3

Barchart Morning Call

Barchart.com - Fri Feb 3, 6:35AM CST

OVERNIGHT MARKETS AND NEWS

Mar E-mini S&Ps (ESH17 +0.16%) are up +0.15% and European stocks are up +0.63% ahead of this morning's U.S. payroll report that may provide clues as to the timing of the next Fed rate hike. Mar WTI crude oil (CLH17 +0.19%) is up +0.50% and is giving energy producing stocks a lift after President Trump tweeted this morning that Iran was "playing with fire" following its ballistic missile test this week. European stocks also found support after the Eurozone Jan Markit composite PMI was revised upward to its fastest pace in 3 years. Gains in stocks were contained as mining companies weakened as Mar COMEX copper prices (HGH17 -1.06%) fell -0.89% after a gauge of Chinese manufacturing activity weakened more than expected last month, and after Chinese copper supplies rose after weekly Shanghai copper inventories climbed +10,928 MT to 223,853 MT, an 8-1/2 month high. Asian stocks settled mixed: Japan +0.02%, Hong Kong -0.24%, China -0.60%, Taiwan +0.28%, Australia -0.42%, Singapore -0.07%, South Korea +0.13%, India +0.05%.

The dollar index (DXY00 +0.28%) is up +0.33%. EUR/USD (^EURUSD) is down -0.26% after ECB Executive Board member Praet said "the firming recovery is not yet sufficiently robust to ensure a self-sustained convergence of inflation rates to levels closer to 2%." USD/JPY (^USDJPY) is up +0.33%.

Mar 10-year T-note prices (ZNH17 -0.11%) are down -5.5 ticks.

ECB Executive Board member Praet said that "the firming recovery is not yet sufficiently robust to ensure a self-sustained convergence of inflation rates to levels closer to 2% as underlying inflation dynamics remain subdued, and risks and uncertainties still prevail, especially those related to the geopolitical environment."

The Eurozone Jan Markit composite PMI was revised upward to 54.4 from the originally reported 54.3, the fastest pace of expansion since the data series began in 2014.

The China Jan Caixin (flash) manufacturing PMI fell -0.9 to 51.0, weaker than expectations of -0.1 to 51.8.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Jan non-farm payrolls (expected +175,000, Dec +156,000) and Jan unemployment rate (expected unch at 4.7%, Dec +0.1 to 4.7%), (2) Chicago Fed President Charles Evans (voter) speaks on economic conditions and monetary policy at a Prairie State College Economic Breakfast in Olympia Fields, IL, (3) revised Jan Markit services PMI (prelim-Jan +1.2 to 55.1), (4) Jan ISM non-manufacturing PMI (expected +0.4 to 57.0, Dec +0.4 to 56.6), (5) Dec factory orders expected +0.7%, Nov -2.4% and +0.1% ex-transportation.

Notable S&P 500 earnings reports today include: Weyerhaeuser (consensus $0.16), AutoNation (0.96), LyondellBasell (2.17), Clorox (1.22), Hershey (1.08), Phillips (0.40).

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

Equity conferences: none.

OVERNIGHT U.S. STOCK MOVERS

Visa (V -0.17%) rose 3% in after-hours trading after it reported Q1 operating revenue of $4.5 billion, above consensus of $4.3 billion, and then was initiated with an 'Outperform' at RBC Capital Markets with a 12-month target price of $97.

Amazon.com (AMZN +0.91%) fell 4% in after-hours trading after it reported Q4 net sales of $43.7 billion, below consensus of $44.7 billion, and said it sees Q1 net sales of $33.3 billion-$35.8 billion, less than consensus of $36.0 billion.

Esterline Technologies (ESL +0.70%) rallied over 4% in after-hours trading after it reported Q1 adjusted EPS continuing operations of 82 cents, well above consensus of 46 cents.

Tableau Software (DATA -0.52%) surged 13% in after-hours trading after it reported Q4 revenue of $250.7 million, well above consensus of $230.2 million.

Amgen (AMGN -0.06%) rose nearly 3% in after-hours trading after it reported that a Phase 3 trial of its Repatha showed significantly reduced risk of cardiovascular events in patients with atherosclerotic cardiovascular disease.

Computer Sciences (CSC +1.12%) gained 2% in after-hours trading after it reported Q3 adjusted EPS continuing operations of 81 cents, higher than consensus of 70 cents.

Fortinet (FTNT +0.24%) climbed 10% in after-hours trading after it forecast full-year EPS of 87 cents-89 cents, better than consensus of 80 cents.

Cypress Semiconductor (CY -1.58%) rallied 5% in after-hours trading after it reported Q4 adjusted revenue of $530.2 million, higher than consensus of $525.6 million.

athenahealth (ATHN +1.41%) tumbled 7% in after-hours trading after it reported Q4 revenue of $288.2 million, below consensus of $303.7 million.

Hanesbrands (HBI -2.24%) sank over 10% in after-hours trading after it said it sees 2017 adjusted EPS of $1.93-$2.03, below consensus of $2.14.

GoPro (GPRO +3.78%) tumbled 13% in after-hours trading after it said it sees Q1 revenue of $190 million=-$210 million, well below consensus of $267.6 million.

Paylocity Holding (PCTY -1.32%) jumped 8% in after-hours trading after it said it sees fiscal 2017 adjusted EPS of 41 cents-43 cents, stronger than consensus of 38 cents.

Deckers Outdoor (DECK -2.30%) plunged over 20% in after-hours trading after it reported Q3 adjusted EPS of $4.11, below consensus of $4.22, and then cut its 2017 adjusted EPS forecast to $3.45-$3.55 from a prior view of $4.05-$4.25.

Neos Therapeutics (NEOS unch) slumped 14% in after-hours trading after it announced an offering of common stock, although no size was given.

MARKET COMMENTS

Mar E-mini S&Ps (ESH17 +0.16%) this morning are up +3.50 points (+0.15%). Thursday's closes: S&P 500 +0.06%, Dow Jones -0.03%, Nasdaq -0.10%. The S&P 500 on Thursday closed slightly higher on the -14,000 decline in U.S. weekly jobless claims (a bigger decline than expectations of -9,000) and the +1.3% increase in U.S. Q4 non-farm productivity (better than expectations of +1.0%). Stocks were undercut by uncertainty regarding the Trump administration’s fiscal and trade policies and by position squaring ahead of Friday's monthly U.S. payrolls report.

Mar 10-year T-notes (ZNH17 -0.11%) this morning are down -5.5 ticks. Thursday's closes: TYH7 +1.50, FVH7 +1.00. Mar 10-year T-notes on Thursday rallied to a 1-week high and closed higher on positive carry-over from Wednesday's post-FOMC meeting statement where policy makers gave no signal as to the timing of another interest rate hike.

The dollar index (DXY00 +0.28%) this morning is up +0.33 (+0.33%). EUR/USD (^EURUSD) is down -0.0028 (-0.26%). USD/JPY (^USDJPY) is up +0.37 (+0.33%). Thursday's closes: Dollar index +0.149 (+0.15%), EUR/USD -0.0010 (-0.09%), USD/JPY -0.45 (-0.40%). The dollar index on Thursday recovered from a 2-1/2 month low and closed higher on the larger-than-expected decline in U.S. weekly initial unemployment claims, a sign of labor market strength, and the larger-than-expected increase in U.S. Q4 non-farm productivity. The dollar index posted an early 2-1/2 month low on negative carry-over from Wednesday's FOMC meeting where policy makers failed to signal the timing of the next Fed interest rate increase.

Mar WTI crude oil prices (CLH17 +0.19%) this morning are up +27 cents (+0.50%) and Mar gasoline (RBH17 -0.11%) is +0.0063 (+0.41%). Thursday's closes: Mar crude -0.34 (-0.63%), Mar gasoline -0.0462 (-2.93%). Mar crude oil and gasoline on Thursday closed lower on concern that ramped-up oil production in Libya and Nigeria may offset cuts in crude production from other OPEC members as Libya's crude output rose to 690,000 bpd, a 2-year high, and Nigerian Jan crude production rose to 1.64 million bpd, up +9.3% m/m. In addition, the slide in the crack spread to a 2-1/4 month low, which may curb refinery demand for crude.

GLOBAL EVENT CALENDAR02/03/2017

		Friday, Feb 3
US	0830 ET	Jan non-farm payrolls expected +175,000, Dec +156,000. Jan private payrolls expected +170,000, Dec +144,000. Jan manufacturing payrolls expected +5,000, Dec +17,000. Jan unemployment rate expected unch at 4.7%, Dec +0.1 to 4.7%.
	0830 ET	Jan avg hourly earnings expected +0.3% m/m and +2.8% y/y, Dec +0.4% m/m and +2.9% y/y. Jan avg weekly hours all-employees expected unch at 34.3 hours, Dec unch at 34.3 hours.
	0915 ET	Chicago Fed President Charles Evans (voter) speaks on economic conditions and monetary policy at a Prairie State College Economic Breakfast in Olympia Fields, IL.
	0945 ET	Revised Jan Markit services PMI, prelim-Jan +1.2 to 55.1.
	1000 ET	Jan ISM non-manufacturing PMI expected +0.4 to 57.0, Dec +0.4 to 56.6.
	1000 ET	Dec factory orders expected +0.7%, Nov -2.4% and +0.1% ex-transportation.
		Monday, Feb 6
US	1100 ET	USDA weekly grain export inspections.
	1500 ET	Philadelphia Fed President Patrick Harker (voter) speaks at a payment conference in San Diego.

U.S. STOCK CALENDAR02/03/2017

Company	Ticker	Time	Event Description	Period	Estimate
Weyerhaeuser Co	WY US	Bf-mkt	Q4 2016 Earnings Release	Q4 2016	0.162
AutoNation Inc	AN US	Bf-mkt	Q4 2016 Earnings Release	Q4 2016	0.963
LyondellBasell Industries NV	LYB US	Bf-mkt	Q4 2016 Earnings Release	Q4 2016	2.152
Clorox Co/The	CLX US	6:30	Q2 2017 Earnings Release	Q2 2017	1.219
Hershey Co/The	HSY US	7:00	Q4 2016 Earnings Release	Q4 2016	1.078
Phillips 66	PSX US	7:00	Q4 2016 Earnings Release	Q4 2016	0.396
Hershey Co/The	HSY US	8:30	Q4 2016 Earnings Call	Q4 2016
Hartford Financial Services	HIG US	9:00	Q4 2016 Earnings Call	Q4 2016
Kimco Realty Corp	KIM US	10:00	Q4 2016 Earnings Call	Q4 2016
Weyerhaeuser Co	WY US	10:00	Q4 2016 Earnings Call	Q4 2016
AutoNation Inc	AN US	10:00	Q4 2016 Earnings Call	Q4 2016
LyondellBasell Industries NV	LYB US	11:00	Q4 2016 Earnings Call	Q4 2016
Phillips 66	PSX US	12:00	Q4 2016 Earnings Call	Q4 2016
Apartment Investment & Mang	AIV US	13:00	Q4 2016 Earnings Call	Q4 2016
Clorox Co/The	CLX US	13:30	Q2 2017 Earnings Call	Q2 2017
Essex Property Trust Inc	ESS US	14:00	Q4 2016 Earnings Call	Q4 2016

Thursday, February 2, 2017

Wins Financial - Chart of the Day

Wins Financial (WINS) is the Barchart Chart of the Day. The Chinese financial service company has a Trend Spotter buy signal, a Weighted Alpha of 766.84+ and gained 2,722.85% in the last year.

The Chart of the Day belongs to Wins Financial (WINS). I found the Chinese financial services 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 12/16 the stock gained 109.67%

Wins Finance Holdings Inc. is focused on providing financing to the small and medium enterprise organizations primarily in China. The company principal types of leasing consists of direct financial leasing, in which equipment purchase directly from approved suppliers and then lease the equipment to the lessees and purchase-and-lease-back arrangements, in which purchase and take ownership of the lease asset from the client and then lease the asset back to the client and charge rent. Wins Finance Holdings Inc. is based in Beijing, China.

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
6 new highs and up 89.44% in the last month
Relative Strength Index 77.87%
Technical support level at 264.77
Recently traded at 341.89 with a 50 day moving average of 189.01

Fundamental factors:

Market Cap $7 billion
There are no analysts following this stock and as I've continually cautioned on all Chinese stocks you really can't depend on the reported numbers anyway.
This is a pure momentum play - a speculation not an investment and could fold like a souffle
If it folds even a stop loss may not save you

5 Mid Caps for Momentum Investors

Today I wanted to find 5 Mid Cap stocks that would be of interest to 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:

Cabot (CBT), Synopsys (SNPS), Energizer (ENR), Steris (STE) and United Therapeutic (UTHR)

Cabot (CBT)