iRobot - Chart of the Day

iRobot (IRBT) is the Barchart Chart of the Day.  The industrial robot company has a Trend Spotter buy signal, a Weighted Alpha of 90.67+ and gained 92.33% in the last year.

The Chart of the Day belongs to iRobot (IRBT).  I found the industrial robot 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 in 3/22 the stock gained 10.33%.

iRobot Corp. designs robots that perform dull, dirty or dangerous missions in a better way. The company's proprietary technology, iRobot AWARE, Robot Intelligence Systems, incorporates advanced concepts in navigation, mobility, manipulation and artificial intelligence. This proprietary system enables iRobot to build behavior-based robots, including its family of consumer and military robots.

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
• 18 new highs and up 18.83% in the last month
• Relative Strength Index 72.99%
• Technical support level at 65.61
• Recently traded at 66.45 with a 50 day moving average of 59.72

Fundamental factors:

• Market Cap $1.79 billion
• P/E 44.23
• Revenue expected to grow 17.80% this year and another 16.70% next year
• Earning s estimated to increase 4.10% this year, an additional 59.70% next year and continue to compound at an annual rate of 18.00% for the next 5 years.
• Wall Street analysts issued 1 buy, 3 hold and 1 sell recommendation on the stock

ILG - Chart of the Day

ILG Inc (ILG) is the Barchart Chart of the Day.  The hospitality company has a Trend Spotter buy signal, a Weighted Alpha of 55.87+, gained 56.55% in the last year and paid a 2.93% dividend.

The Chart of the Day belongs to ILG Inc (ILG).   I found the hospital stock by using Barchart to sort today's Top Stocks to Own list first by the most frequent number of new highs in the last month, then again by technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 3/20 the stock gained 8.39%.


ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company's operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, 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:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 13.34% in the last month
• Relative Strength Index 71.12%
• Technical support level at 20.56
• Recently traded at 20.87 with a 50 day moving average of 19.19

Fundamental factors:

• Market Cap $2.60 billion
• P/E 12.50
• Dividend yield 2.93%
• Revenue projected to grow 29.80% this year and another 4.50% next year
• Earnings estimated to increase 11.40% next year and continue to compound at an annual rate of 15.00% for the next 5 years
• Wall Street analysts issued 5 strong buy recommendations on the stock

MORNING CALL 4/6

Barchart Morning Call

Barchart.com - 55 minutes ago

OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM17 +0.11%) this morning are up +0.13% as they recovered from a 1-week low in overnight trade. Concern by FOMC members over high stock prices led to a sell-off Wednesday afternoon that extended into overnight trading after the Mar 14-15 FOMC meeting minutes said, "some participants viewed equity prices as quite high relative to standard valuation measures." Stocks recovered, though, on short-covering ahead of a 2-day meeting that begins today between President Trump and Chinese President Xi Jinping in Florida. European stocks are up +0.10% after comments from ECB President Draghi signaled the ECB will continue with its QE program when he said that "a reassessment of the current monetary policy stance is not warranted at this stage." Asian stocks settled mostly lower: Japan -1.40%, Hong Kong -0.52%, China +0.33%, Taiwan -0.52%, Australia -0.34%, Singapore -0.03%, South Korea -0.45%, India -0.16%. China's Shanghai Composite bucked the sell-off in global stock markets and rallied to a 4-month high on optimism that talks between Chinese President Xi Jinping and U.S. President Trump will improve U.S.-China trade relations. Japan's Nikkei Stock Index followed the late sell-off in U.S. stocks Wednesday and fell to a 3-3/4 month low.

The dollar index (DXY00 +0.01%) is up +0.04%. EUR/USD (^EURUSD) is up +0.04%. USD/JPY (^USDJPY) is up +0.14%.

Jun 10-year T-note prices (ZNM17 unch) are little changed, down -0.5 of a tick.

ECB President Draghi said, "we have not yet seen sufficient evidence to materially alter our assessment of the inflation outlook" and that "a reassessment of the current monetary policy stance is not warranted at this stage."

San Francisco Fed President Williams (non-voter) said two more rate hikes this year is a sensible starting point and that it makes sense for the Fed to start shrinking its balance sheet toward the end of this year. He added that it will take something like 5-years to bring the balance sheet down to a more normal level, just based on the arithmetic of its holdings.

German Feb factory orders rose +3.4% m/m, weaker than expectations of +4.0% m/m.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Mar Challenger job cuts (Feb -40.0% y/y), (2) weekly initial unemployment claims (expected -8,000 to 250,000, previous -3,000 to 258,000), (3) weekly continuing claims (expected -22,000 to 2.030 million, previous +65,000 to 2.052 million), (4) San Francisco Fed President John Williams (non-voter) speaks on a ECB panel in Frankfurt on “Do monetary policy frameworks need to be adjusted in a world of (potentially) low natural interest rates? If so, how?” (5) President Trump and Chinese President Xi Jinping hold talks on Thu-Fri at Mar-a-Lago, Florida.

Notable Russell 1000 earnings reports today include: Constellation Brands (consensus $1.36), RPM Intl (0.11), MSC Industrial Direct (0.90), CarMax (0.79), Lamb Weston (0.54).

U.S. IPO's scheduled to price today:

Equity conferences: Jefferies Animal Health Summit on Thu.

OVERNIGHT U.S. STOCK MOVERS

Medtronic PLC (MDT -0.47%) gained almost 2% in after-hours trading after Reuters reported that it was close to selling its medical supplies unit to Cardinal Health for $6 billion.

Jazz Pharmaceuticals PLC (JAZZ -1.79%) climbed over 4% in after-hours trading after it settled a lawsuit with Hikma that grants Hikma the right to sell an authorized generic version of Xyrem in the U.S. starting January 1, 2023.

Yum China Holdings (YUMC +0.79%) rallied nearly 10% in after-hours trading after it reported Q1 comparable sales unexpectedly rose 1%, better than consensus of -2.4%, and reported Q1 revenue of $1.28 billion, higher than consensus of $1.27 billion.

TD Ameritrade (AMTD -2.06%) was upgraded to 'Buy' from 'Neutral' at Buckingham Research Group with a 12-month target price of $48.

Cardinal Health (CAH +0.14%) was upgraded to 'Outperform' from 'Inline' at Evercore ISI with a 12-month target price of $91.50.

Teladoc (TDOC +1.41%) was downgraded to 'Neutral' from 'Overweight' at Cantor Fitzgerald with a 12-month target price of $27.

OZ Minerals (OZMLF -8.26%) was downgraded to 'Sell' from 'Hold' at Morningstar.

Bed Bath & Beyond (BBBY -3.03%) rose nearly 3% in after-hours trading after it reported Q4 EPS of $1.84, above consensus of $1.77.

Resources Connection (RECN -1.53%) dropped 9% in after-hours trading after it reported Q3 EPS of 9 cents, below consensus of 14 cents.

8Point3 Energy Partners LP (CAFD +0.92%) tumbled 14% in after-hours trading after it said it sees Q2 revenue of $14 million to $16 million, weaker than consensus of $16.2 million.

GoPro (GPRO unch) fell over 1% in after-hours trading after it offered $150 million of convertible senior notes due 2022 in a private placement.

Colony Northstar (CLNS -0.53%) lost nearly 2% in after-hours trading after a person familiar with the matter said a 21.9 million share block of Northstar shares were being offered at $12.65 to $12.70 via Morgan Stanley.

Synacor (SYNC +1.22%) slumped 6% in after-hours trading after it announced a proposed public offering of common stock, although no size was given.

MARKET COMMENTS

Jun E-mini S&Ps (ESM17 +0.11%) this morning are up +3.00 points (+0.13%). Wednesday's closes: S&P 500 -0.31%, Dow Jones -0.20%, Nasdaq -0.40%. The S&P 500 on Wednesday rallied to a 2-week high but shed its gains and closed lower. Negative factors include the -2.4 point decline in the U.S. Mar ISM non-manufacturing index to a 5-month low of 55.2, House Speaker Ryan's comment that tax reform could take longer than a health care overhaul, and the Mar 14-15 FOMC meeting minutes where some policy makers said that stock prices were "quite high" and where the FOMC said it would start reducing its balance sheet "later this year." Stocks found early support on the Mar ADP employment report of +263,000, stronger than expectations of +185,000 and the most in 2-1/4 years.

Jun 10-year T-notes (ZNM17 unch) this morning are down -0.5 of a tick. Wednesday's closes: TYM7 +0.50, FVM7 +1.50. Jun 10-year T-notes on Wednesday closed slightly higher on weakness in stocks and the U.S. Mar ISM non-manufacturing index report of -2.4 points to a 5-month low of 55.2. T-notes were undercut by the stronger-than-expected U.S. Mar ADP employment report and by the minutes from the Mar 14-15 FOMC meeting where policy makers said they would begin shrinking the Fed's balance sheet later this year.

The dollar index (DXY00 +0.01%) this morning is up +0.04 (+0.04%). EUR/USD (^EURUSD) is up +0.0004 (+0.04%) and USD/JPY (^USDJPY) is up +0.16 (+0.14%). Wednesday's closes: Dollar index +0.02 (+0.02%), EUR/USD -0.0011 (-0.10%), USD/JPY -0.04 (-0.04%). The dollar index on Wednesday rose to a 3-week high and settled higher. The dollar was boosted by the stronger-than-expected U.S. Mar ADP employment report (+263,000) and the Mar 14-15 FOMC minutes where the Fed it would likely start reducing its balance sheet later in the year.

May WTI crude oil prices (CLK17 +0.57%) this morning are up +11 cents (+0.22%) and May gasoline (RBK17 +0.26%) is -0.0003 (-0.02%). Wednesday's closes: May crude +0.12 (+0.24%), May gasoline -0.0064 (-0.37%). May crude oil and gasoline on Wednesday settled mixed with May crude at a 4-week high. Crude oil was boosted by optimism that OPEC will extend its production cuts past June. Crude oil prices were undercut by the unexpected +1.57 million bbl increase in EIA crude inventories to a record 535.5 million bbl (vs expectations of -150,000 bbl), the +1.41 million bbl increase in crude supplies at Cushing, OK, delivery point of WTI futures, to a record 69.144 million bbl, and the +0.6% increase in U.S. crude production the week ended Mar 31 to a 14-month high of 9.199 million bpd.

GLOBAL EVENT CALENDAR04/06/2017

		Thursday, April 6
US	n/a	President Trump and Chinese President Xi Jinping hold talks on Thu-Fri at Mar-a-Lago, Florida.
	0700 ET	Mar Challenger job cuts, Feb -40.0% y/y.
	0830 ET	Weekly initial unemployment claims expected -8,000 to 250,000, previous -3,000 to 258,000. Weekly continuing claims expected -22,000 to 2.030 million, previous +65,000 to 2.052 million.
	0830 ET	USDA weekly Export Sales.
	0930 ET	San Francisco Fed President John Williams (non-voter) speaks on a ECB panel in Frankfurt on Do monetary policy frameworks need to be adjusted in a world of (potentially) low natural interest rates? If so, how?
	1100 ET	Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion) and 30-year T-bonds (previous $12 billion) to be auctioned Apr 10-12.
		Friday, April 7
US	n/a	President Trump and Chinese President Xi Jinping hold talks on Thu-Fri at Mar-a-Lago, Florida.
	0700 ET	Mar Challenger job cuts, Feb -40.0% y/y.
	0830 ET	Weekly initial unemployment claims expected -8,000 to 250,000, previous -3,000 to 258,000. Weekly continuing claims expected -22,000 to 2.030 million, previous +65,000 to 2.052 million.
	0830 ET	USDA weekly Export Sales.
	0930 ET	San Francisco Fed President John Williams (non-voter) speaks on a ECB panel in Frankfurt on Do monetary policy frameworks need to be adjusted in a world of (potentially) low natural interest rates? If so, how?
	1100 ET	Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion) and 30-year T-bonds (previous $12 billion) to be auctioned Apr 10-12.

U.S. STOCK CALENDAR04/06/2017

Company	Ticker	Time	Event Description	Period	Estimate
Constellation Brands Inc	STZ US	Bef-mkt	Q4 2017 Earnings Release	Q4 17	1.364
RPM International Inc	RPM US	Bef-mkt	Q3 2017 Earnings Release	Q3 17	0.109
MSC Industrial Direct Co Inc	MSM US	Bef-mkt	Q2 2017 Earnings Release	Q2 17	0.897
CarMax Inc	KMX US	07:00	Q4 2017 Earnings Release	Q4 17	0.786
Lamb Weston Holdings Inc	LW US	08:30	Q3 2017 Earnings Release	Q3 17	0.535
MSC Industrial Direct Co Inc	MSM US	08:30	Q2 2017 Earnings Call	Q2 17
CarMax Inc	KMX US	09:00	Q4 2017 Earnings Call	Q4 17
Comcast Corp	CMCSA US	09:00	Analyst Day
RPM International Inc	RPM US	10:00	Q3 2017 Earnings Call	Q3 17
Lamb Weston Holdings Inc	LW US	10:00	Q3 2017 Earnings Call	Q3 17
Constellation Brands Inc	STZ US	10:30	Q4 2017 Earnings Call	Q4 17
Synopsys Inc	SNPS US	11:00	Annual General Meeting
Quintiles IMS Holdings Inc	Q US		Annual General Meeting

Restoration Hardware - Chart of the Day

Restoration Hardware (RH) is the Barchart Chart of the Day.  The home furnishings company has a Trend Spotter buy signal, a Weighted Alpha of 30.90+ and gained 50.10% in the last 3 months.


The Chart of the Day belongs to Restoration Hardware (RH).  I found the home furnishings stock by using Barchart to sort today's Top Stocks to Own list first by the most frequent number of new highs in the last month, then again by technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 2/27 the stock gained 40.13%

Restoration Hardware Holdings, Inc. is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, d'cor, outdoor and garden, as well as baby and child products. The Company's business is integrated across its multiple channels of distribution, consists of its stores, catalogs and Websites. Restoration Hardware Holdings, Inc. is based in Corte Madera, 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:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 46.73%
• Relative Strength Index 75.65%
• Technical support level at 45.82
• Recently traded at 45.78 with a 50 day moving average of 32.25

Fundamental factors:

• Market Cap $1.96 billion
• P/E 38.22
• Revenue expected to grow 11.20% this year and another 6.60% next year
• Earnings estimated to increase 64.60% this year, an additional 21.10% next year and continue to compound at an annual rate of 14.65% for the next 5 years
• Wall Street analysts issued 3 buy, 10 hold and 1 sell recommendation on the stock

5 Large Caps for Momentum Investors

Today I wanted to find 5 Large Caps that would be of interest for Momentum Investors so I used Barchart to sort the stocks of the S&P 500 Large Cap Index first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more,  The watch list today includes:

Darden Restaurants (DRI), America Tower (AMT), KLA Tencor (KLAC), Reynolds American (RAI) and Amazon.Com (AMZN)

Darden Restaurants (DRI)

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 11.29% in the last month
• Relative Strength Index 73.75%
• Technical support level at 82.96
• Recently traded at 83.34 with a 50 day moving average of 76.07

American Tower (AMT)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 4.55% in the last month
• Relative Strength Index 75.19%
• Technical support level at 120.30
• Recently traded at 121.18 with a 50 day moving average of 112.22

KLA Tencor (KLAC)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 6.4% in the last month
• Relative Strength Index 70.55%
• Technical support level at 96.00
• Recently traded at 96.29 with a 50 day moving average of 90.86

Reynolds American (RAI)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 3.71% in the last month
• Relative Strength Index 78.56%
• Technical support level at 62.96
• Recently traded at 63.61 with a 50 day moving average of 61.25

Amazon.Com (AMZN)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 7.85% in the last month
• Relative Strength Index 83.12%
• Technical support level at 895.23
• Recently traded at 941.62 with a 50 day moving average of  848.14

MORNING CALL 4/5

Barchart Morning Call

Barchart.com - Wed Apr 5, 6:37AM CDT

OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM17 -0.12%) this morning are little changed, down -0.03%, and European stocks are up +0.03%. European stocks found support on reduced political risks from France's presidential election after anti-EU candidate Marine Le Pen was seen to have struggled in a televised debate among French presidential candidates on Tuesday night. A rally in crude oil is boosting energy producing stocks with May WTI crude (CLK17 +1.08%) up +0.90% at a 4-week high. Crude oil gained after API late Tuesday showed U.S. oil inventories fell -1.83 million bbl. U.S. equities are in a holding pattern ahead of today's data on Mar ADP employment and the minutes of the Mar-14-15 FOMC meeting. Asian stocks settled mostly higher: Japan +0.27%, Hong Kong +0.57%, China +1.48%, Taiwan +1.41%, Australia +0.34%, Singapore -0.08%, South Korea -0.06%, India +0.21%.

The dollar index (DXY00 -0.01%) is little changed, down -0.01%. EUR/USD (^EURUSD) is down -0.05%. USD/JPY (^USDJPY) is up +0.09%.

Jun 10-year T-note prices (ZNM17 -0.02%) are down -3 ticks.

The Eurozone Mar Markit composite PMI was revised lower to 56.4 from the originally reported 56.7, still the fastest pace of expansion since the data series began in 2014.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -0.8% with purchase sub-index +1.2% and refi sub-index -2.9%), (2) Mar ADP employment change (expected +195,000, Feb +298,000), (3) revised Mar Markit services PMI (expected +0.2 to 53.1, prelim-Mar -0.9 to 52.9), (4) Mar ISM non-manufacturing index (expected -0.6 to 57.0, Feb +1.1 to 57.6), (5) minutes of Mar 14-15 FOMC meeting, (6) EIA Weekly Petroleum Status Report.

Notable Russell 1000 earnings reports today include: Monsanto (consensus $2.79), Walgreens (1.36), Bed, Bath & Beyond (1.77), Yum China Holdings (0.38).

U.S. IPO's scheduled to price today: Elevate Credit (ELVT), Schneider National (SNDR).

Equity conferences: AACR Meeting on Mon-Wed, Jefferies Animal Health Summit on Thu.

OVERNIGHT U.S. STOCK MOVERS

Panera Bread (PNRA -3.05%) jumped 13% in pre-market trading after JAB Holding said it will acquire Panera for about $7.5 billion.

Exelon (EXC +0.89%) was downgraded to 'Market Perform' from 'Outperform' at Wells Fargo.

Wynn Resorts Ltd (WYNN +0.34%) was upgraded to 'Buy' from 'Hold' at Argus with a price target of $135.

Tenet Healthcare (THC -2.52%) was rated a new 'Buy' at Deutsche Bank with a price target of $28.

Citigroup (C unch) was upgraded to 'Outperform' from 'Market Perform' at Keefe, Bruyette & Woods with a price target of $69.

Wells Fargo & Co. (WFC -0.52%) was upgraded to 'Outperform' from 'Market Perform' at Keefe, Bruyette & Woods with a price target of $63.

A Schulman (SHLM -0.33%) rallied over % in after-hours trading after it said it sees full-year revenue of $2.5 billion to $2.6 billion, above consensus of $2.44 billion.

Sygenta AG (SYT +0.35%) rose nearly 1% in after-hours trading after China National Chemical Corp. won U.S. antitrust approval for its $43 billion takeover of Sygenta.

New Relic (NEWR +0.30%) gained almost 2% in after-hours trading after it reported preliminary Q4 revenue of $73 million-$73.1 million, above a February 7 estimate of $71.3 million.

Tenet Healthcare (THC -2.52%) gained nearly 1% in after-hour trading after it was rated a new 'Buy' at Deutsche Bank with a price target of $28.

Adecoagro (AGRO unch) slipped 3% in after-hours trading after a block of 9 million shares was offered via Morgan Stanley at $11.20 to $11.30.

Guidance Software (GUID +0.34%) was rated new 'Overweight' at Piper Jaffray with a 12-month price target of $8.50.

MARKET COMMENTS

Jun E-mini S&Ps (ESM17 -0.12%) this morning are down -0.75 points (-0.03%). Tuesday's closes: S&P 500 +0.06%, Dow Jones +0.19%, Nasdaq +0.15%. The S&P 500 on Tuesday closed higher on the U.S. Feb trade deficit of -$43.6 billion, narrower than expectations of -$44.6 billion, which is positive for Q1 GDP. There was also strength in energy producing stocks after crude oil prices climbed to a 3-week high. Stocks were undercut by reduced optimism in the U.S. economic outlook after Monday's Mar auto sales report fell to a 2-year low.

Jun 10-year T-notes (ZNM17 -0.02%) this morning are down -3 ticks. Tuesday's closes: TYM7 unch, FVM7 unch. Jun 10-year T-notes on Tuesday closed little changed. T-notes opened higher as the 10-year yield fell to a 5-week low on carry-over support from a rally in German bunds to a 1-month high. However, T-notes then fell back on the recovery in stocks and on the rally in crude oil to a 3-week high, which boosted inflation expectations.

The dollar index (DXY00 -0.01%) this morning is down -0.01 (-0.01%). EUR/USD (^EURUSD) is down -0.0005 (-0.05%) and USD/JPY (^USDJPY) is up +0.10 (+0.09%). Tuesday's closes: Dollar index -0.03 (-0.03%), EUR/USD +0.0004 (+0.04%), USD/JPY -0.16 (-0.14%). The dollar index on Tuesday rose to a 2-week high but fell back and closed little changed. The dollar found support on the smaller-than-expected U.S. Feb trade deficit, which is positive for Q1 GDP, and on early weakness in EUR/USD which fell to a 2-1/2 week low after ECB Governing Council member Nowotny said the ECB's monetary stance "has to stay accommodative." Dollar gains were limited after the 10-year T-note yield fell to a 5-week low, which undercuts the dollar's interest rate differentials.

May WTI crude oil prices (CLK17 +1.08%) this morning are up +46 cents (+0.90%) at a 4-week high and May gasoline (RBK17 +0.56%) is up +0.0070 (+0.41%) at a 1-1/2 year nearest-futures high. Tuesday's closes: May crude +0.79 (+1.57%), May gasoline +0.0280 (+1.65%). May crude oil and gasoline on Tuesday climbed to 3-week highs and settled higher on expectations that Wednesday's EIA data will show U.S. crude inventories fell -150,000 bbl and gasoline stockpiles fell -1.75 million bbl. Another supportive factor was strength in the crack spread which rose to a 5-month high and may boost refinery demand for crude to refine into gasoline.

GLOBAL EVENT CALENDAR04/05/2017

		Wednesday, April 5
US	0700 ET	Weekly MBA mortgage applications, previous -0.8% with purchase sub-index +1.2% and refi sub-index -2.9%.
	0815 ET	Mar ADP employment change expected +195,000, Feb +298,000.
	0945 ET	Revised Mar Markit services PMI expected +0.2 to 53.1, prelim-Mar -0.9 to 52.9. Revised Mar Markit composite PMI, prelim-Mar -0.9 to 53.2.
	1000 ET	Mar ISM non-manufacturing index expected -0.6 to 57.0, Feb +1.1 to 57.6.
	1030 ET	EIA Weekly Petroleum Status Report.
	1400 ET	Minutes of Mar 14-15 FOMC meeting.
		Thursday, April 6
US	n/a	President Trump and Chinese President Xi Jinping hold talks on Thu-Fri at Mar-a-Lago, Florida.
	0700 ET	Mar Challenger job cuts, Feb -40.0% y/y.
	0830 ET	Weekly initial unemployment claims expected -8,000 to 250,000, previous -3,000 to 258,000. Weekly continuing claims expected -22,000 to 2.030 million, previous +65,000 to 2.052 million.
	0830 ET	USDA weekly Export Sales.
	0930 ET	San Francisco Fed President John Williams (non-voter) speaks on a ECB panel in Frankfurt on Do monetary policy frameworks need to be adjusted in a world of (potentially) low natural interest rates? If so, how?
	1100 ET	Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion) and 30-year T-bonds (previous $12 billion) to be auctioned Apr 10-12.

U.S. STOCK CALENDAR04/05/2017

Company	Ticker	Time	Event Description	Period	Estimate
Carnival Corp	CCL US	04:30	Annual General Meeting
Monsanto Co	MON US	Bef-mkt	Q2 2017 Earnings Release	Q2 17	2.792
Walgreens Boots Alliance Inc	WBA US	07:00	Q2 2017 Earnings Release	Q2 17	1.36
Walgreens Boots Alliance Inc	WBA US	08:30	Q2 2017 Earnings Call	Q2 17
NetApp Inc	NTAP US	08:30	Analyst Day
Schlumberger Ltd	SLB US	09:00	Annual General Meeting
Monsanto Co	MON US	09:30	Q2 2017 Earnings Call	Q2 17
Sempra Energy	SRE US	12:00	Analyst Conference
LyondellBasell Industries NV	LYB US	12:30	Investor Day
Dell Technologies Inc Class V	DVMT US	13:30	Investor Meeting
Broadcom Ltd	AVGO US	14:00	Annual General Meeting
Bed Bath & Beyond Inc	BBBY US	Aft-mkt	Q4 2017 Earnings Release	Q4 17	1.773
Yum China Holdings Inc	YUMC US	16:30	Q1 2017 Earnings Release	Q1 17	0.38
Bed Bath & Beyond Inc	BBBY US	17:00	Q4 2017 Earnings Call	Q4 17
Yum China Holdings Inc	YUMC US	20:00	Q1 2017 Earnings Call	Q1 17