Friday, May 12, 2017

Pixelworks - Chart of the Day

Pixelworks (PXLW) is the Barchart Chart of the Day. The semiconductor company has a Trend Spotter buy signal, a Weighted Alpha of 248.15+ and gained 265.63% in the last year.

The Chart of the Day belongs to Pixelworks (PXLW). I found the semiconductor stock by using Barchart to sort today's Top Stocks to Own list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy in 4/27 the stock gained 25.27%.

Pixelworks Inc. design, develop and market semiconductors and software that enable the visual display of broadband content through a wide variety of electronic devices. Broadband content includes video, computer graphics and visual Web information delivered at high speeds via cable and telecommunications lines to the homes and offices. The semiconductors integrate a microprocessor, memory and image processing circuits that function like a computer on a single chip, or system-on-a-chip.

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 35.73% in the last month
Relative Strength Index 76.41%
Technical support level at 5.62
Recently traded at 5.86 with a 50 day moving average of 4.66

Fundamental factors:

Market Cap $175 million
Revenue expected to grow 39.70% this year
Earnings estimated to increase 250.00% this year and compound at an annual rate of 20.00% for the next 5 years
Wall Street analysts issued 4 buy recommendations on the stock

Thursday, May 11, 2017

Aetna - Chart of the Day

Aetna (AET) is the Barchart Chart of the Day. The health benefits company has a Trend Spotter buy signal, a Weighted Alpha of 37.29, gained 32.34% in the last year and paid a 1.40% dividend.

The Chart of the Day belongs to Aetna (AET). I found the health benefits stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month. then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 4/24 the stock gained 9.95%.

Aetna Inc. is one of the nation's largest health benefits companies and one of the nation's largest insurance and financial services organizations. Aetna provides these benefits to employer and plan sponsor customers in all 50 states, ranging from large multisite national accounts to middle-market and small-employer groups. Its products include the full range of health insurance, including dental and pharmacy benefits, from HMO and POS to PPO and indemnity, as well as group insurance products such as life, disability and long-term care insurance.

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 11.64% in the last month
Relative Strength Index 85.55%
Technical support level at 142.17
Recently traded at 144.40 with a 50 day moving average of 132.06

Fundamental factors:

Market Cap $47.45 billion
P/E 16.52
Dividend yield 1.42%
Revenue expected to grow 4.90% next year
Earnings estimated to increase 8.70% this year, an additional 10.40% next year and continue to compound at an annual rate of 11.85% for the next 5 years
Wall Street analysts issued 8 strong buy, 6 holds and 1 sell

MORNING CALL 5/11

Barchart Morning Call

Barchart.com - Thu May 11, 6:39AM CDT

OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM17 -0.14%) this morning are down -0.16% and European stocks are down -0.19% as the BOE cut its UK GDP estimate and raised its UK CPI forecast. The BOE, as expected, kept its benchmark interest rate unchanged at 0.25% and maintained its asset purchase target at 435 billion pounds, but cut its 2017 UK GDP forecast to 1.9% from 2.0% and raised its 2017 CPI forecast to 2.7% from 2.4%. Losses in equities were contained on strength in energy producing stocks and mining companies as Jun WTI crude oil (CLM17 +1.33%) rose +1.52% and Jul COMEX copper (HGN17 +1.92%) climbed +1.88%, both at 1-week highs. Asian stocks settled higher: Japan +0.31%, Hong Kong +0.44%, China +0.29%, Taiwan +0.33%, Australia +0.05%, Singapore +0.65%, South Korea +1.20%, India +0.01%. Stock markets in India and South Korea climbed to record highs, while Japan's Nikkei Stock index rose to a 17-month high and China's Shanghai Composite recovered from a 7-month low and closed higher on speculation the government intervened to prop up stocks late in the session.

The dollar index (DXY00 -0.03%) is down -0.04%. EUR/USD (^EURUSD) is up +0.05% after the European Commission raised its 2017 Eurozone GDP forecast. USD/JPY (^USDJPY) is down -0.22%.

Jun 10-year T-note prices (ZNM17 +0.05%) are up +3 ticks.

The European Commission raised its Eurozone 2017 GDP forecast to 1.7%, up from a forecast of +1.6% in Feb, and said risks to Eurozone growth are more balanced, though they remain tilted to the downside.

New York Fed President Dudley (voter) said that the U.S. economic recovery continues apace and that the Fed expects to gradually raise interest rates. He added that later this year or in 2018 the Fed is likely to start shrinking its balance sheet, although it won't shrink back to its pre-crisis size.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) NY Fed President William Dudley gives speech entitled “Benefits and Challenges of Globalization” in Mumbai, (2) weekly initial unemployment claims (expected +7,000 to 245,000, previous -19,000 to 238,000) and continuing claims (expected +16,000 to 1.980 million, previous -23,000 to 1.964 million), (3) Apr PPI final demand (expected +0.2% m/m and +2.2% y/y, Mar -0.1% m/m and +2.3% y/y) and Apr PPI ex food & energy (expected +0.2% m/m and +1.6% y/y, Mar unch m/m and +1.6% y/y), (4) Treasury auctions $15 billion of 30-year T-bonds, (5) USDA weekly Export Sales.

Notable S&P 500 earnings reports today include: Macy's (consensus $0.35), Kohl's (0.29), Nordstrom (0.28), CA (0.49).

U.S. IPO's scheduled to price today: Solaris Oilfield Infrastructure (SOI), Gardner Denver Holdings (GDI), ASV LLC (ASV).

Equity conferences: 11th Annual Barrington Research Spring Investment Conference on Thu, Citi Boston Energy Conference on Thu, Deutsche Bank AutoTech Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Snap (SNAP -1.46%) sank over 20% in pre-market trading after it reported Q1 revenue of $149.6 million, below consensus of $158.6 million.

O'Reilly Automotive (ORLY +0.68%) gained 1% in after-hours trading after it said it added $1 billion to its share buyback program for a total of $8.75 billion.

Symantec (SYMC +2.38%) dropped 7% in in after-hours trading after it said it sees Q1 adjusted EPS of 28 cents-32 cents, weaker than consensus of 38 cents, and then said it sees full-year adjusted revenue of $5.10 billion-$5.20 billion, below consensus of $5.21 billion.

Merck & Co (MRK +1.03%) rose 3% in after-hours trading after it won FDA approval for using its Keytruda drug and chemotherapy for treatment of metastatic non-squamous non-small cell lung cancer.

Twenty-First Century Fox (FOXA -1.17%) fell 2% in after-hours trading after it reported Q3 revenue of $7.56 billion, less than consensus of $7.64 billion.

Bright Horizons Family Solutions (BFAM -0.19%) lost 1% in after-hours trading after it announced a secondary offering of 4.15 million shares of common stock by selling shareholders.

Pegasystems (PEGA +3.15%) jumped 9% in after-hours trading after it reported Q1 adjusted EPS of 39 cents, well above consensus of 23 cents.

Intrexon (XON +0.62%) climbed over 4% in after-hours trading after it reported Q1 revenue of $53.7 million, higher than consensus of $49.1 million.

Aviat Networks ({=AVNW =}) plunged over 25% in after-hours trading after it reported Q3 revenue of $58.7 million, down -2.9% y/y.

U.S. Steel (X +0.87%) gained 1% in after-hours trading after CEO Mario Longhi stepped down and COO David Burritt replaced him.

Omeros (OMER +0.62%) lost almost 2% in after-hours trading after it reported Q1 revenue of $12.3 million, weaker than consensus of $13.3 million.

Arbor Realty Trust (ABR +0.46%) slid over 5% in after-hours trading after it announced plans to make a public offering of 9.5 million shares of its common stock.

MARKET COMMENTS

June E-mini S&Ps (ESM17 -0.14%) this morning are down -3.75 points (-0.16%). Wednesday's closes: S&P 500 +0.11%, Dow Jones -0.16%, Nasdaq +0.06%. The S&P 500 on Wednesday closed higher on strength in energy producer stocks after crude oil prices jumped +3.16% and on strength in technology stocks led by a +17% surge in shares of Nvidia after it reported stronger-than-expected Q1 earnings. Gains were limited by political uncertainty after President Trump fired FBI Director Comey.

June 10-year T-notes (ZNM17 +0.05%) this morning are up +3 ticks. Wednesday's closes: TYM7 -0.50, FVM7 -0.25. Jun 10-year T-notes on Wednesday closed little changed. T-notes were boosted by political uncertainty in Washington after President Trump fired FBI Director Comey and by some flight to safety after North Korea's UK ambassador said his country will proceed with nuclear tests. T-notes gave up their advance on weaker-than-expected demand for the Treasury’s $23 billion of 10-year T-notes that had a bid-to-cover of 2.33, below the 12-auction average of 2.47.

The dollar index (DXY00 -0.03%) this morning is down -0.036 (-0.04%). EUR/USD (^EURUSD) is +0.0005 (+0.05%) and USD/JPY (^USDJPY) is -0.25 (-0.22%). Wednesday's closes: Dollar index +0.011 (+0.01%), EUR/USD -0.0006 (-0.06%), USD/JPY +0.05 (+0.04%). The dollar index on Wednesday closed slightly higher on the stronger-than-expected U.S. Apr import price index report, which bolsters the case for additional Fed rate hikes. There was also weakness in EUR/USD which fell to a 1-week low after ECB President Draghi said, "underlying inflation pressures continue to remain subdued and have yet to show a convincing upward trend," which bolsters speculation the ECB is not yet ready to taper QE.

June WTI crude oil prices (CLM17 +1.33%) this morning are up +72 cents (+1.52%) at a 1-week high and June gasoline (RBM17 +1.50%) is +0.0250 (+1.62%) at a 1-1/2 week high. Wednesday's closes: Jun crude +1.45 (+3.16%), Jun gasoline +0.0501 (+3.36%). Jun crude oil and gasoline on Wednesday closed sharply higher on the -5.247 million bbl decline in EIA crude inventories (versus expectations of -2.0 million bbl) and the unexpected -150,000 bbl decline in EIA gasoline inventories (vs expectations of +300,000 bbl). On the bearish side, U.S. crude production in the week of May 5 rose +0.2% to 9.314 million bpd, a 1-1/2 year high.

GLOBAL EVENT CALENDAR05/11/2017

		Thursday, May 11
US	0625 ET	NY Fed President William Dudley gives speech entitled Benefits and Challenges of Globalization in Mumbai.
	0830 ET	Weekly initial unemployment claims expected +7,000 to 245,000, previous -19,000 to 238,000. Weekly continuing claims expected +16,000 to 1.980 million, previous -23,000 to 1.964 million.
	0830 ET	Apr PPI final demand expected +0.2% m/m and +2.2% y/y, Mar -0.1% m/m and +2.3% y/y. Apr PPI ex food & energy expected +0.2% m/m and +1.6% y/y, Mar unch m/m and +1.6% y/y.
	0830 ET	USDA weekly Export Sales.
	1100 ET	Treasury announces amount of 10-year TIPS to be auctioned May 18 (previous $11 billion).
	1300 ET	Treasury auctions $15 billion of 30-year T-bonds
		Friday, May 12
US	0830 ET	Apr CPI expected +0.2% m/m and +2.3% y/y, Mar -0.3% m/m and +2.4% y/y. Apr CPI ex food & energy expected +0.2% m/m and +2.0% y/y, Mar -0.1% m/m and +2.0% y/y.
	0830 ET	Apr retail sales expected +0.6% and +0.5% ex autos, Mar -0.2% and unch ex autos.
	0830 ET	Apr real avg weekly earnings, Mar -0.1% y/y.
	0900 ET	Chicago Fed President Charles Evans discusses economic conditions and monetary policy on a panel at the ACI Financial Markets Association World Conference in Dublin.
	1000 ET	Preliminary-May University of Michigan U.S. consumer sentiment index expected unch at 97.0, Apr +0.1 to 97.0.
	1000 ET	Mar business inventories expected +0.1%, Feb +0.3%.
	1230 ET	Philadelphia Fed President Patrick Harker (voter) delivers speech on U.S. economic outlook at Drexel University.

U.S. STOCK CALENDAR05/11/2017

Company	Ticker	Time	Event Description	Period	Estimate
Macy's Inc	M US	Bef-mkt	Q1 2018 Earnings Release	Q1 18	0.346
Kohl's Corp	KSS US	07:00	Q1 2018 Earnings Release	Q1 18	0.29
Williams Cos Inc/The	WMB US	08:00	Analyst Day
Kohl's Corp	KSS US	08:30	Q1 2018 Earnings Call	Q1 18
Ford Motor Co	F US	08:30	Annual General Meeting
E*TRADE Financial Corp	ETFC US	08:30	Annual General Meeting
Delta Air Lines Inc	DAL US	08:30	Analyst Meeting
Laboratory Corp of America Holdings	LH US	09:00	Annual General Meeting
Macy's Inc	M US	10:00	Q1 2018 Earnings Call	Q1 18
Principal Financial Group Inc	PFG US	10:00	Roadshow
Zoetis Inc	ZTS US	10:00	Annual General Meeting
Dow Chemical Co/The	DOW US	10:00	Annual General Meeting
Discover Financial Services	DFS US	10:00	Annual General Meeting
Nucor Corp	NUE US	10:00	Annual General Meeting
Wells Fargo & Co	WFC US	10:30	Investor Day
Apache Corp	APA US	11:00	Annual General Meeting
UDR Inc	UDR US		Annual General Meeting
Express Scripts Holding Co	ESRX US		Annual General Meeting
Equifax Inc	EFX US		Investors Meeting
Equifax Inc	EFX US		Investor Meeting
Equifax Inc	EFX US		Investor Meeting
Western Union Co/The	WU US		Annual General Meeting
Host Hotels & Resorts Inc	HST US		Annual General Meeting
CH Robinson Worldwide Inc	CHRW US		Annual General Meeting
Union Pacific Corp	UNP US	12:00	Annual General Meeting
Norfolk Southern Corp	NSC US		Annual General Meeting
Assurant Inc	AIZ US		Annual General Meeting
Cimarex Energy Co	XEC US		Annual General Meeting
Edwards Lifesciences Corp	EW US	13:00	Annual General Meeting
Transocean Ltd	RIG US	13:30	Annual General Meeting
Invesco Ltd	IVZ US	14:00	Annual General Meeting
Nordstrom Inc	JWN US	Aft-mkt	Q1 2018 Earnings Release	Q1 18	0.277
CA Inc	CA US	Aft-mkt	Q4 2017 Earnings Release	Q4 17	0.492
Nordstrom Inc	JWN US	16:45	Q1 2018 Earnings Call	Q1 18
CA Inc	CA US	17:00	Q4 2017 Earnings Call	Q4 17
Boston Scientific Corp	BSX US	17:00	Investor Conference

Wednesday, May 10, 2017

Sunshine Bancorp - Chart of the Day

Sunshine Bankcorp (SBCP) is the Barchart Chart of the Day. The Florida Savings & Loan has a Trend Spotter buy signal, a Weighted Alpha of 70.50+ and gained 64.31% in the last year.

The Chart of the Day belongs to Sunshine Bancorp (SBCP). I found the Florida Savings & Loan stock by using Barchart to sort today's Top Stocks to Own list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 3/27 the stock gained 15.15%.

Sunshine Bancorp, Inc. operates as a savings and loan holding company. It offers deposit accounts to consumers and small businesses such as savings, NOW, money market, and certificate of deposit. The company also provides online banking services and remote deposit capture, commercial real estate and business loans. Sunshine Bancorp, Inc. is based in Plant City, Florida.

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 17.36% in the last month
Relative Strength Index 82.75%
Technical support level at 22.88
Recently traded at 23.25 with a 50 day moving average of 20.58

Fundamental factors:

Market Cap $185 million
P/E 44.90
Revenue expected to grow 64.30% this year and another 9.00% next year
Earnings estimated to increase 24.70% next year
Wall Street analyst issued 1 strong buy and 1 hold recommendation on the stock

5 NASDAQ 100 Stocks for Momentum Investors

Today I wanted to find 5 stocks that might be of interest to Momentum Investors so I used Barchart to sort the NASDAQ 100 Index stocks first for the most frequent number of new hihgs in the last month, then again for technical buy signals of 80% or more. Today's Watch List includes:

Electronic Arts (EA), Alphabet (GOOGL), PayPal (PYPL), Activision Blizzard (ATVI) and Lam Research (LRCX)

Electronic Arts (EA)