Novanta - Chart of the Day

Novanta (NOVT) is the Barchart Chart of the Day.  The electronic equipment company has a Trend Spotter buy signal, a Weighted Alpha of 125.76 and gained 122.07% in the last year.

The Chart of the Day belongs to Novanta (NOVT).   I found the electronic equipment 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 and then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 4/20 the stock gained 18.98%.

Novanta Inc. designs, develops, manufactures and sells precision photonic and motion control components and subsystems to original equipment manufacturers in the medical equipment and advanced industrial technology markets. Novanta Inc., formerly known as GSI Group Inc., is based in Bedford, Massachusetts.

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 22.10% in the last month
• Relative Strength Index 80.12%
• Technical support level at 32.13
• Recently traded at 32.55 with a 50 day moving average of 28.04

Fundamental factors:

• Market Cap $1.13 billion
• P/E 26.52
• Revenue expected to grow 15.30% this year and another 6.30% next year
• Earnings are estimated to increase 19.30% this year, an additional 23.10% next year and compound at an annual rate of 12.50% for the next 5 years
• The analysts following the stock rates it a strong buy

5 Large Caps for Momentum Investors

Today I wanted to find 5 Large Cap stocks that would be of inter st for Momentum Investors.  I used Barchart to sort the S&P 500 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:

Essex Properties (ESS), Applied Materials (AMAT), Brown Forman (BF.B) Cognizant Technology Solutions (CTSH) and Electronic Arts (EA)

Essex Properties (ESS)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 7.81% in the last month
• Relative Strength Index 79.38%
• Technical support level at 251.92
• Recently traded at 255.35 with a 50 day moving average of 238.62

Applied Materials (AMAT)

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 15.81% in the last month
• Relative Strength Index 64.86%
• Technical support level at 42.99
• Recently traded at 43.88 with a 50 day moving average of 40.03

Brown Forman (BF.B)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 14.13% in the last month
• Relative Strength Index 84.75%
• Technical support level at 50.90
• Recently traded at 52.51 with a 50 day moving average of 47.28

Cognizant Technology Solutions (CTSH)

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 12.76% in the last month
• Relative Strength Index 77.17%
• Technical support level at 64.19
• Recently traded at 65.22 with a 50 day moving average of 60.03

Electronic Arts (EA)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 20.64% in the last month
• Relative Strength Index 69.97%
• Technical support level at 103.70
• Recently traded at 107.17 with a 50 day moving average of 93.44

GeoPark - Chart of the Day

GeoPark (GPRK) is the Barchart Chart of the Day.  The oil and gas exploration company has a Trend Spotter buy signal, a Weighted Alpha of 232.55+ and gained 239.43% in the last year.

The Chart of the Day belongs to GeoPark (GPRK).  I found the oil and gas exploration stock by using Barchart to sort today's Top Stock to Own list first by the highest Weighted Alpha, then for technical buy signals of 80% or better.  Since the Trend Spotter signaled a buy on 5/9 the stock gained 5.13%.

GeoPark Ltd is an explorer, operator and consolidator of oil and gas. The company operates primarily in Chile, Colombia, Brazil and Argentina. GeoPark Ltd is based in Hamilton, Bermuda.

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 ts 20, 50 and 100 day moving averages
• 6 new highs and up 10.45% in the last month
• Relative Strength Index 70.03%
• Technical support level at 7.93
• Recently traded at 8.35 with a 50 day moving average of 7.16

Fundamental factors:

• Market Cap $488 million
• Revenue expected to grow 63.80% this year and another 26.40% next year
• Earnings estimated to increase 192.30% this year and an additional 22.20% next year
• Wall Street analysts issued 5 buy recommendations on the stock

Momo - Chart of the Day

Momo (MOMO) is the Barchart Chart of the Day.  The Internet software company has a Trend Spotter buy signal, a Weighted Alpha of 239.54+ and gained 267.69% in the last year.

The Chart of the Day belongs to Momo (MOMO).  I found the Internet software stock by using Barchart to sort today's Top Stocks to Own list first by Weighted Alpha, then again by technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 1/1 the sock gained 99.28%.

Momo Inc. provides mobile-based social networking platform primarily in the Peoples Republic of China. Its platform includes mobile applications and related features, functionalities, tools and services. The Company offers two types of mobile game services non-exclusive mobile game services and exclusive mobile game services. It also provides membership subscription and other services which include paid emoticons and mobile marketing services. Momo Inc. is headquartered in Beijing, the Peoples Republic of China.

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 15.66% in the last month
• Relative Strength Index 76.13%
• Technical support level at 39.48
• Recently traded at 43.89 with a 50 day moving average of 36.11

Fundamental factors:

• Market Cap $7.80 billion
• P/E 56.54
• Revenue expected to grow 106.70% this year and another 34.90% next year
• Earnings estimated to increase 60.90% this year, an additional 38.60% next year ad continue to compound at an annual rate of 69.20% for the next 5 years
• Wall Street analysts issued 11 buy and 1 hold recommendation on the stock

MORNING CALL 5/16

Barchart Morning Call

Barchart.com - Tue May 16, 6:42AM CDT

OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM17 +0.07%) this morning are little changed, up +0.01%, as stock prices consolidate following Monday's rally to a new record high. European stocks are down -0.12% as exporter companies weakened after EUR/USD climbed to a 6-1/4 month high. Losses were contained on signs of European economic optimism after the German May ZEW survey expectations of economic growth rose to a 1-3/4 year high. Asian stocks settled mostly higher: Japan +0.25%, Hong Kong -0.14%, China +0.74%, Taiwan -0.05%, Australia +0.21%, Singapore -1.12%, South Korea +0.27%, India +0.86%. China's Shanghai Composite erased early declines and climbed to a 1-week high on signs that policy makers are trying to stabilize the market with state-sponsored buying of equities. Japan's Nikkei Stock Index rallied to a 17-1/2 month high as optimism over corporate earnings boosts stock prices. Japanese telecommunication stocks rose, led by gains in Nippon Telegraph & Telephone, after it announced plans to raise its dividend this year.

The dollar index (DXY00 -0.47%) is down -0.42% at a 6-month low. EUR/USD (^EURUSD) is up +0.75% at a 6-1/4 month high. USD/JPY (^USDJPY) is down -0.11%.

Jun 10-year T-note prices (ZNM17 -0.05%) are down -1 tick.

ECB Governing Council member Smets said risks to Eurozone economic growth "are certainly close to balance," although "in my opinion, it is still too early to declare that inflation is durably converging to its target."

Eurozone Apr new car registrations fell -6.6% y/y to 1.191 million, the largest decline in 4 years. Year-to-date registrations are up +4.7% y/y to 3,819,086.

The German May ZEW survey expectations of economic growth rose +1.1 to 20.6, weaker than expectations of +2.5 to 22.0, but still the highest in 1-3/4 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Apr housing starts (expected +3.7% to 1.260 million, Mar -6.8% to 1.215 million), (2) Apr industrial production (expected +0.4%, Mar +0.5%).

Notable Russell 2000 earnings reports today include: Home Depot (consensus $1.61), TJX (0.79), Staples (0.17), Dick's Sporting Goods (0.54), Alere (0.54), Urban Outfitters (0.15).

U.S. IPO's scheduled to price today: G1 Therapeutics (GTHX), Modern Media Acquisition (MMDMU).

Equity conferences: JP Morgan Denver Energy Bus Tour on Mon-Tue, Bank of America Merrill Lynch Global Mining Metals & Steel Conference on Tue, Deutsche Bank Clean Tech Utility & Power Conference on Tue, Needham Emerging Technology Conference on Tue-Wed, Goldman Sachs Basic Materials Conference on Tue-Wed, Bank of America Merrill Lynch Health Care Conference on Tue-Thu, Barclays Americas Select Franchise Conference on Tue-Fri, Stephens Energy Executive Summit on Wed, BMO Capital Markets Farm to Market Conference on Wed-Thu, J.P. Morgan Homebuilding & Building Products Conference on Wed-Thu, MoffettNathanson Media & Communications Summit on Wed-Thu, RBC Capital Markets Canadian Automotive, Transportation & Industrials Conference on Thu, Barclays Water Symposium - Panel on Thu.

OVERNIGHT U.S. STOCK MOVERS

Yum! Brands (YUM +0.46%) was upgraded to 'Buy' from 'Hold' at Argus with a price target of $80.

Dr Pepper Snapple Group (DPS +0.82%) was upgraded to 'Overweight' from 'Equalweight' at Morgan Stanley with a price target of $104.

Pfizer (PFE +0.33%) is down over 1% in pre-market trading after it was downgraded to 'Sell' from 'Neutral' at Citigroup.

Sysco (SYY +0.17%) was initiated with a 'Buy' at Loop Capital Markets with a 12-month price target of $61.

LGI Homes ({=LGIH was upgraded to 'Market Perform' from 'Underperform' at Wells Fargo Securities with a price target of $33.

Sage Therapeutics (SAGE -0.58%) was initiated with a 'Buy' at Needham & Co. with a 12-month target price of $82.

Vipshop Holdings Ltd (VIPS -0.87%) rose over 2% in after-hours trading after it reported Q1 revenue of $2.32 billion, above consensus of $2.27 billion.

Kornit Digital Ltd (KRNT +0.68%) slid 3% in after-hours trading after it announced the launch of an underwritten secondary public offering of 4.25 million shares of its stock by the company's largest shareholder, Fortissimo Capital Fund II LP.

Editas Medicine (EDIT +3.73%) lost nearly 7% in after-hours trading after it reported a Q1 loss of -85 cents a share, wider than consensus of -70 cents.

Akebia Therapeutics (AKBA +1.65%) jumped 12% in after-hour trading after it entered into an exclusive license pact with Fresenius Medical to exclusively distribute vadadustat upon FDA approval.

Etsy Inc (ETSY +0.53%) may move higher today after TPG Group reported a 4.3% stake in Etsy and Dragoneer reported a 3.7% stake in the company.

Pernix Therapeutics Holdings (PTX -2.05%) plunged 30% in after-hours trading after it reported a Q1 net loss of -$29.5 million and said it is still analyzing strategic and refinancing alternatives.

MARKET COMMENTS

June E-mini S&Ps (ESM17 +0.07%) this morning are up +0.25 of a point (+0.01%). Monday's closes: S&P 500 +0.48%, Dow Jones +0.41%, Nasdaq +0.31%. The S&P 500 on Monday rallied to a new record high and closed higher on the unexpected +2 point increase in the U.S. May NAHB housing market index, stronger than expectations of unchanged at 68, and on strength in energy producing companies after crude oil rose 2.11% to a 2-week high. Stocks were undercut by the -6.2 point decline in the U.S. May Empire manufacturing index to -1.0, weaker than expectations of +2.3 to 7.5 and the steepest pace of contraction in 7 months.

June 10-year T-notes (ZNM17 -0.05%) this morning are down -1 tick. Monday's closes: TYM7 -0.50, FVM7 -0.50. Jun 10-year T-notes on Monday fell back from a 1-1/2 week high and closed slightly lower on the unexpected increase in the U.S. May NAHB housing market index (+2 to 70), and (2) the rally in the S&P 500 to a new record high, which reduces the safe-haven demand for T-notes.

The dollar index (DXY00 -0.47%) this morning is down -0.419 (-0.42%) to a 6-month low. EUR/USD (^EURUSD) is up +0.0082 (+0.75%) at a 6-1/4 month high and USD/JPY (^USDJPY) is down -0.12 (-0.11%). Monday's closes: Dollar index -0.341 (-0.34%), EUR/USD +0.0044 (+0.40%), USD/JPY +0.41 (+0.36%). The dollar index on Monday closed lower on the rally in crude oil that boosted the currencies of the crude oil exporting countries of Russia and Canada to 2-week highs against the dollar. The dollar index was also undercut by the unexpected contraction in the U.S. May Empire manufacturing survey of general business conditions (-6.2 to -1.0), which bolsters the case for the Fed to refrain from further raising interest rates.

June WTI crude oil prices (CLM17 +0.63%) this morning are up +18 cnts (+0.37%) and June gasoline (RBM17 +0.81%) is +0.0080 (+0.50%). Monday's closes: Jun crude +1.01 (+2.11%), Jun gasoline +0.0139 (+1.22%). Jun crude oil and gasoline on Monday rallied to 2-week highs and settled higher. Crude oil prices rallied on a weaker dollar and comments from Saudi Arabia's and Russia's energy ministers that they favor extending their crude oil production cuts until Mar 2018, three months longer than expectations for an extension to the end of 2017.

GLOBAL EVENT CALENDAR05/16/2017

		Tuesday, May 16
US	0830 ET	Apr housing starts expected +3.7% to 1.260 million, Mar -6.8% to 1.215 million. Apr building permits expected +0.2% to 1.270 million, Mar +4.2% to 1.267 million.
	0915 ET	Apr industrial production expected +0.4%, Mar +0.5%. Apr manufacturing production expected +0.4%, Mar -0.4%. Apr capacity utilization expected +0.2 to 76.3%, Mar +0.4 to 76.1%.
		Wednesday, May 17
US	0700 ET	Weekly MBA mortgage applications, previous +2.4% with purchase sub-index +1.7% and refi sub-index +3.3%.
	1030 ET	EIA Weekly Petroleum Status Report.

U.S. STOCK CALENDAR05/16/2017

Company	Ticker	Time	Event Description	Period	Estimate
Staples Inc	SPLS US	Bef-mkt	Q1 2018 Earnings Release	Q1 18	0.173
Dick's Sporting Goods Inc	DKS US	Bef-mkt	Q1 2018 Earnings Release	Q1 18	0.542
Murphy USA Inc	MUSA US	08:00	Investor Day
Staples Inc	SPLS US	08:00	Q1 2018 Earnings Call	Q1 18
Diamond Offshore Drilling Inc	DO US	08:30	Annual General Meeting
Hanover Insurance Group Inc/The	THG US	09:00	Annual General Meeting
Stanley Black & Decker Inc	SWK US	09:00	Investor Day
FirstEnergy Corp	FE US	09:00	Annual General Meeting
Home Depot Inc/The	HD US	09:00	Q1 2018 Earnings Call	Q1 18
Home Depot Inc/The	HD US	09:00	Q1 2018 Earnings Release	Q1 18	1.614
TJX Cos Inc/The	TJX US	09:30	Q1 2018 Earnings Release	Q1 18	0.79
Avis Budget Group Inc	CAR US	09:30	Annual General Meeting
BankUnited Inc	BKU US	10:00	Annual General Meeting
Dick's Sporting Goods Inc	DKS US	10:00	Q1 2018 Earnings Call	Q1 18
JPMorgan Chase & Co	JPM US	10:00	Annual General Meeting
Principal Financial Group Inc	PFG US	10:00	Annual General Meeting
Arthur J Gallagher & Co	AJG US	10:00	Annual General Meeting
Halliburton Co	HAL US	10:00	Annual General Meeting
Quest Diagnostics Inc	DGX US	10:30	Annual General Meeting
Square Inc	SQ US	11:00	Investor Day
Vectren Corp	VVC US	11:00	Annual General Meeting
TJX Cos Inc/The	TJX US	11:00	Q1 2018 Earnings Call	Q1 18
Stanley Black & Decker Inc	SWK US		Investor Day
Realty Income Corp	O US		Annual General Meeting
WR Berkley Corp	WRB US		Annual General Meeting
Alere Inc	ALR US		Q1 2017 Earnings Release	Q1 17	0.54
Newfield Exploration Co	NFX US		Annual General Meeting
ConocoPhillips	COP US		Annual General Meeting
QEP Resources Inc	QEP US		Annual General Meeting
Packaging Corp of America	PKG US		Annual General Meeting
Arconic Inc	ARNC US		Annual General Meeting - Proxy Fight for Board Representation
Masco Corp	MAS US	13:00	Investor Day
Nordstrom Inc	JWN US	14:00	Annual General Meeting
Essex Property Trust Inc	ESS US	16:00	Annual General Meeting
Urban Outfitters Inc	URBN US	Aft-mkt	Q1 2018 Earnings Release	Q1 18	0.151
Charles Schwab Corp/The	SCHW US	17:00	Annual General Meeting
Urban Outfitters Inc	URBN US	17:00	Q1 2018 Earnings Call	Q1 18

JD.Com - Chart of the Day

JD.Com (JD) is the Barchart Chart of the Day.  The Internet commerce company has a Trend Spotter buy signal, a Weighted Alpha of 89.36+ and gained 77.69% in the last year.

The Chart of the Day belongs to JD.Com (JD).  I found the Internet commerce stock by using Barchart to sort today's All Time High 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 3/28 the stock gained 27.88%.

JD.com, Inc. operates as an online direct sales company in China. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China.

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 23.90% in the last month
• Relative Strength Index 84.79%
• Technical support level at 39.76
• Recently traded at 40.23 with a 50 day moving average of 33.40

Fundamental factors:

• Market Cap $57.93 billion
• Revenue expected to grow 35.00% this year and another 26.50% next year
• Earnings estimated to increase by 190.90% this year, an additional 131.20% next year and continue to compound at an annual rate of 19.06% for the next 5 years
• Wall Street analyst issued 9 strong buy, 16 buy, 7 hold and 2 sell recommendations on the stock