Everi Holdings - Chart of the Day

Everi Holdings (EVRI) is the Barchart Chart of the Day.  The financial services company has a Trend Spotter buy signal, a Weighted Alpha of 342.09+ and gained 365.13% in the last year.

The Chart of the Day belongs to Everi Holdings (EVRI).  I found the 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 in 5/10 the stock gained .57%.

Everi Holdings Inc. is a holding company which operates through subsidiaries, Global Cash Access, Inc. and Multimedia Games Holding Company, Inc. The Company's segments include Games and Payments. Global Cash Access, Inc. provides integrated gaming payments solutions, video and mechanical reel gaming content and technology solutions, as well as compliance and software. Multimedia Games Holding Company, Inc., designs, manufactures and supplies gaming machines and systems. Everi Holdings Inc., formerly known as Global Cash Access Holdings, Inc., is headquartered in Las Vegas, 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:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 2, 50 and 100 day moving averages
• 7 new highs and up 3.51% in the last month
• Relative Strength Index 59.28%
• Technical support level at 6.82
• Recently traded day 7.07 with a 50 day moving average of 6.44

Fundamental factors:

• Market Cap $457 million
• Revenue expected to grow 6.40% this year and another 4.40% next year
• Earnings estimated to increase 79.90% this year, an additional 93.30% next year and continue to compound at an annual rate of 20.00% for the next 5 years
• Wall Street analysts issued 3 strong buy recommendations on the stock

Progressive - Chart of the Day

Progressive (PGR) is the Barchart Chart of the Day.  The insurance company has a Trend Spotter buy signal, a Weighted Alpha of 45.58+ and gained 40.35% in the last year.

The Chart of the Day belongs to Progressive (PGR).  I found the insurance 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 11.10%.

Progressive Corp. is an auto insurance company and a writer of auto insurance through independent agents. Progressive is committed to providing independent agents with a financially strong company that offers competitive products designed specifically for the agency business; a strong national brand that drives consumers to independent agent's offices; 24-hour, in-person services for them and their customers; and continued innovations in technology. 

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
• 18 new highs and up 10.79% in the last month
• Relative Strength Index 82.61%
• Technical support level at 43.75
• Recently traded at 44.59 with a 50 day moving average of 40.98

Fundamental factors:

• Market Cap $25.80 billion
• P/E 22.48
• Dividend yield 1.56%
• Revenue expected to grow 12.60% this year and another 10.50% next year
• Earnings estimated to increase 38.80% this year, an additional 9.70% next year and continue to compound at an annual rate of 20.46% for the next 5 years
• Wall Street analysts issued 4 string buy, 2 buy, 6 hold and 1 sell recommendation on the stock

Morning Call 6/15

Barchart Morning Call

Barchart.com - 1 hour ago

OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU17 -0.65%) this morning are down -0.62% and European stocks are down -1.13% at a 1-1/2 month low. U.S. stock indexes retreated after people familiar with the story said that the special counsel investigating Russia's interference in the 2016 election plans to interview two top U.S. intelligence officials about whether President Trump sought their help to get the FBI to end the probe of former NSA Adviser Flynn. European stocks dropped on weakness in mining companies, energy stocks and commodity producers as Jul WTI crude oil (CLN17 -0.65%) slid -0.31% to a 1-1/4 month low, Aug COMEX gold (GCQ17 -1.43%) fell -1.21% to a 2-1/2 week low and Jul COMEX copper (HGN17 -0.35%) dropped -0.21% to a 1-week low. Asian stocks settled mostly lower: Japan -0.26%, Hong Kong -1.20%, China +0.06%, Taiwan +0.16%, Australia -1.21%, Singapore -0.66%, South Korea -0.41%, India -0.26%. Japan's Nikkei Stock Index sold-off to a 2-week low after Wednesday's plunge in USD/JPY to a 1-3/4 month low undercut Japanese exporter stocks.

The dollar index (DXY00 +0.36%) is up +0.35%. EUR/USD (^EURUSD) is down -0.46% at a 2-week low. USD/JPY (^USDJPY) is up +0.16%.

Sep 10-year T-note prices (ZNU17 -0.12%) are down -2 ticks.

The BOE as expected kept its benchmark rate unchanged at 0.25% with a 5-3 vote, the most dissenters since 2011, and maintained its asset purchase target at 435 billion pounds. BOE policy makers said that with the pound's recent decline, inflation could overshoot the central bank's 2% target by more than previously thought.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected -4,000 to 241,000, previous -10,000 to 245,000) and continuing claims (expected +3,000 to 1.920 million, previous -2,000 to 1.917 million), (2) Jun Empire manufacturing index (expected +6.0 to 5.0, May -6.2 to -1.0), (3) Jun Philadelphia Fed business outlook index (expected -13.8 to 25.0, May +16.8 to 38.8), (4) May import price index (expected -0.1% m/m, Apr +0.5% and +0.4% ex petroleum), (5) May industrial production (expected +0.2%, Apr +1.0%), (6) Jun NAHB housing market index (expected unch at 70, May +2 to 70), (7) USDA weekly Export Sales.

Notable Russell 2000 earnings reports today include: Kroger (consensus $0.58).

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

Equity conferences: William Blair & Company Growth Stock Conference on Tue-Thu, Deutsche Bank dbAccess Global Consumer Conference on Tue-Thu, Golddman Sachs European Payment Conference on Tue-Thu, Goldman Sachs Global Health Care Conference on Tue-Thu, Drexel Hamilton Aerospace & Defense Conference on Thu, Stifel, Nicolaus & Co Industrials Conference on Thu, NASDAQ Investor Program on Thu.

OVERNIGHT U.S. STOCK MOVERS

Alphabet (GOOGL -0.26%) was downgraded to 'Hold' from 'Buy' at Canaccord Genuity.

TransMontaigne Partners LP (TLP -2.25%) was upgraded to 'Buy' from 'Neutral at D.A. Davidson with a price target of $51.

Mattel (MAT -2.21%) was downgraded to 'Neutral' from 'Buy' at D.A. Davidson.

Delphi Automotive (DLPH -0.80%) was initiated with a recommendation of 'Outperform' by Raymond James with a 12-month target price of $95.

U.S. Silica (SLCA -7.04%) was initiated with a 'Buy' rating at Janney Montgomery Scott LLC with a 12-month target price of $51.

Lantheus Holdings (LNTH +1.88%) slid 5% in after-hours trading after it announced a public secondary offering by selling stockholders of 3.0 million shares of its common stock.

Jabil (JBL -0.71%) climbed nearly 4% in after-hours trading after it reported Q3 core EPS of 31 cents, better than consensus of 29 cents, and said it sees 2018 core EPS of $2.60, higher than consensus of $2.43.

Lakeland Industries (LAKE +0.77%) jumped over 10% in after-hours trading after it reported Q1 EPS of 23 cents, well above consensus of 16 cents.

Smart Sand (SND -5.81%) was initiated with a 'Buy' rating at Janney Montgomery Scott LLC with a 12-month target price of $13.

Five Oaks Investment Corp. (OAKS -2.03%) dropped 5% in after-hours trading after it announced that it had commenced an underwritten public offering of 4.0 million shares of its common stock.

Pacific Biosciences of California (PACB -3.19%) tumbled 8% in after-hours trading after it announced that it intends to offer shares of its common stock in an underwritten public offering, although no size was given.

MARKET COMMENTS

Sep E-mini S&Ps (ESU17 -0.65%) this morning are down -15.00 points (-0.62%). Wednesday's closes: S&P 500 -0.10%, Dow Jones +0.22%, Nasdaq -0.43%. The S&P 500 on Wednesday closed lower on unexpected weakness in U.S. May retail sales which fell -0.3% and -0.3% ex autos (weaker than expectations of unch and +0.1% ex autos) and on weakness in energy stocks after crude oil prices tumbled -3.72% to a 1-1/4 month low. There was also renewed selling in technology stocks.

Sep 10-year T-notes (ZNU17 -0.12%) this morning are down -2 ticks. Wednesday's closes: TYU7 +17.50, FVU7 +8.00. Sep 10-year T-notes on Wednesday rallied to a contract high and the 10-year T-note yield fell to a 7-month low. T-note prices were boosted by weaker-than-expected U.S. economic data on May CPI and May retail sales and weaker inflation expectations after the 10-year T-note breakeven inflation rate fell to a 7-month low. The T-note market took in stride the Fed's balance sheet roll-off plan, which will start off at $10 billion per month.

The dollar index (DXY00 +0.36%) this morning is up +0.241 (+0.35%). EUR/USD (^EURUSD) is down -0.0052 (-0.46%) at a 2-week low and USD/JPY (^USDJPY) is up +0.18 (+0.16%). Wednesday's closes: Dollar index -0.061 (-0.06%), EUR/USD +0.0007 (+0.06%), USD/JPY -0.49 (-0.45%). The dollar index on Wednesday dropped to a 7-month low and closed lower on the softer-than-expected U.S. May retail sales and CPI reports and strength in EUR/USD which climbed to a 7-month high on signs of strength in the European economy after Eurozone Q1 employment rose +1.5% y/y, the largest year-on-year increase in 9 years.

Jul WTI crude oil prices (CLN17 -0.65%) this morning are down -14 cents (-0.31%) at a 1-1/4 month low and July gasoline (RBN17 -1.12%) is -0.0108 (-0.75%). Wednesday's closes: Jul crude -1.73 (-3.72%), Jul gasoline -0.0668 (-4.45%). Jul crude oil and gasoline on Wednesday sold off with Jul crude at a 1-1/4 month low and Jul gasoline at a 6-1/2 month low. Crude oil prices were undercut by the -1.66 million bbl decline in EIA crude inventories (vs expectations of -2.4 million bbl) and by the unexpected +2.1 million bbl increase in EIA gasoline stockpiles (vs expectations for a -1.15 million bbl decline).

GLOBAL EVENT CALENDAR06/15/2017

		Thursday, June 15
US	0830 ET	Weekly initial unemployment claims expected -4,000 to 241,000, previous -10,000 to 245,000. Weekly continuing claims expected +6,000 to 1.923 million, previous -2,000 to 1.917 million.
	0830 ET	Jun Empire manufacturing survey general business conditions expected +6.0 to 5.0, May -6.2 to -1.0.
	0830 ET	Jun Philadelphia Fed business outlook survey expected -13.8 to 25.0, May +16.8 to 38.8.
	0830 ET	May import price index expected -0.1% m/m, Apr +0.5% and +0.4% ex petroleum.
	0830 ET	USDA weekly Export Sales.
	0915 ET	May industrial production expected +0.2%, Apr +1.0%. May manufacturing production expected +0.1%, Apr +1.0%. May capacity utilization expected +0.1 to 76.8%, Apr +0.5 to 76.7%.
	1000 ET	Jun NAHB housing market index expected unch at 70, May +2 to 70.
	1100 ET	Treasury announces amount of 30-year TIPS to be auctioned Jun 22 (previous $7 billion).
		Friday, June 16
US	0830 ET	May housing starts expected +3.9% to 1.218 million, Apr -2.6% to 1.172 million. May building permits expected +1.7% to 1.249 million, Apr -2.5% to 1.228 million.
	1000 ET	Prelim-Jun University of Michigan U.S. consumer sentiment expected -0.1 to 97.0, May +0.1 to 97.1.
	1245 ET	Dallas Fed President Robert Kaplan (voter) speaks to the Park Cities Rotary Club.

U.S. STOCK CALENDAR06/15/2017

Company	Ticker	Time	Event Description	Period	Estimate
Weatherford International PLC	WFT US	04:00	Annual General Meeting
Kroger Co/The	KR US	Bef-mkt	Q1 2018 Earnings Release	Q1 18	0.575
Hormel Foods Corp	HRL US	08:25	Investor Day
Michaels Cos Inc/The	MIK US	08:30	Investor Conference
PVH Corp	PVH US	08:45	Annual General Meeting
Equity Residential	EQR US	09:00	Annual General Meeting
Kroger Co/The	KR US	10:00	Q1 2018 Earnings Call	Q1 18
WP Carey Inc	WPC US		Annual General Meeting
Juno Therapeutics Inc	JUNO US		Annual General Meeting
Hospitality Properties Trust	HPT US		Annual General Meeting
Yelp Inc	YELP US		Annual General Meeting
Marvell Technology Group Ltd	MRVL US		Annual General Meeting
OPKO Health Inc	OPK US		Annual General Meeting
Gaming and Leisure Properties Inc	GLPI US		Annual General Meeting
Dollar Tree Inc	DLTR US		Annual General Meeting
Time Warner Inc	TWX US	12:30	Annual General Meeting
Principal Financial Group Inc	PFG US	12:30	Roadshow

Nuvectra - Chart of the Day

Nuvectra (NVTR) is the Barchart Chart of the Day.  The medical instrument company has a Trend Spotter buy signal, a Weighted Alpha of 91.32+ and gained 42.26% in the last year.

The Chart of the Day belongs to Nuvectra (NVTR).  I found the medical instrument stock by using Barchart to sort today's Top Stocks to Own list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy in 4/21 the stock gained 53.32%

Nuvectra Corporation develops and commercializes neuromodulation medical device for the treatment of nervous system disorders. It also provides neural interface technology, components and systems, as well as NeuroNexus SmartBox portable control and data streaming systems. Nuvectra Corporation is based in Plano, Texas.

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
• 12 new highs and up 33.87% in the last month
• Relative Strength Index 72.90%
• Technical support level at 11.10
• Recently traded at 11.59 with a 50 day moving average of 8.66

Fundamental factors:

• Market Cap $ 119 million
• Revenue expected to grow 120.10% this year and another 91.60% next year
• Earnings estimated to increase 30.50% next year
• The Wall Street analyst following the stock rates it a strong buy

5 Stocks Hitting All Time Highs

Today I wanted to find stock hitting All Time Highs that still might have a way to go.  I used 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.  Today's Watch List includes:

Express-1 Expedited Solutions (XPO), Tesla (TSLA), Waste Connections (WCN), Packaging Corporation of America (PKG) and Illinois Tool (ITW)

Express -1 Expedited Solutions (XPO)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 14.13% in the last month
• Relative Strength Index 76.65%
• Technical support level at 59.82
• Recently traded at 61.42 with a 50 day moving average of 52.27

Tesla (TSLA)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 17.15% in the last month
• Relative Strength Index 74.20%
• Technical support level at 369.71
• Recently traded at 379.73 with a 50 day moving average of 320.77

Waste Connections (WCN)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 9.21% in the last month
• Relative Strength Index 77.11%
• Technical support level at 98.01
• Recently traded at 99.53 with a 50 day moving average of 92.24

Packaging Corporation of America (PKG)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 3.42% in the last month
• Relative Strength Index 72.90%
• Technical support level at 104.84
• Recently traded at 106.00 with a 50 day moving average of 98.85

Illinois Tool (ITW)

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 6.58% in the last month
• Relative Strength Index 76.01%
• Technical support level at 145.18%
• Recently traded at 146.36 with a 50 day moving average of 138.07

Morning Call 6/14

Barchart Morning Call

Barchart.com - Wed Jun 14, 6:35AM CDT

OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU17 +0.12%) this morning are up +0.11% and European stocks are up +0.81% as strength in technology stocks leads the overall market higher. Optimism in the global economy is another positive for equity prices after the IMF raised its China 2017 GDP estimate to 6.7% from a 6.6% estimate in Apr. European stocks also found support after data showed Eurozone Q1 employment rose +1.5% y/y, the largest increase in 9-years. Weakness in energy stocks limited gains in the overall market as Jul WTI crude oil (CLN17 -1.23%) slid -1.08% after API data late Tuesday showed U.S. crude inventories rose +2.75 million bbl last week. Trading activity was light ahead of the conclusion of today's FOMC meeting where the Fed is expected to raise the fed funds target range by 25 bp, but the markets will look to future Fed guidance and when it may begin to reduce its balance sheet. Asian stocks settled mostly lower: Japan -0.08%, Hong Kong +0.09%, China -0.73%, Taiwan -0.55%, Australia +1.06%, Singapore -0.13%, South Korea -0.02%, India +0.17%.

The dollar index (DXY00 +0.09%) is up +0.07%. EUR/USD (^EURUSD) is down -0.09%. USD/JPY (^USDJPY) is up +0.18%.

Sep 10-year T-note prices (ZNU17 +0.02%) are up +3 ticks.

The International Monetary Fund (IMF) raised its China 2017 GDP estimate to 6.7% from a 6.6% estimate in Apr.

China May industrial production rose +6.5% y/y, unch from Apr and stronger than expectations of +6.4% y/y.

Eurozone Apr industrial production rose +0.5% m/m and +1.4% y/y, right on expectations.

Eurozone Q1 employment rose +0.4% q/q and +1.5% y/y with the +1.5% y/y gain the largest year-on-year increase in 9 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +7.1% with purchase sub-index +10.0% and refi sub-index +3.4%), (2) May CPI (expected unch m/m and +2.0% y/y, Apr +0.2% m/m and +2.2% y/y) and May CPI ex food & energy (expected +0.2% m/m and +1.9% y/y, Apr +0.1% m/m and +1.9% y/y), (3) May retail sales (expected +0.1% and +0.1% ex autos, Apr +0.4% and +0.3% ex autos), (4) Apr business inventories (expected -0.1%, Mar +0.2%), (5) FOMC announces interest rate decision with expected +25 bp increase in the fed funds target range to 1.00%-1.25%, (6) EIA Weekly Petroleum Status Report.

Notable Russell 2000 earnings reports today include: Jabil (consensus $0.29).

U.S. IPO's scheduled to price today: Boston Omaha (BOMN), Avenue Therapeutics (ATXI).

Equity conferences: Citi Industrials Conference on Tue-Wed, Morgan Stanley Financial Services Conference on Tue-Wed, William Blair & Company Growth Stock Conference on Tue-Thu, Deutsche Bank dbAccess Global Consumer Conference on Tue-Thu, Golddman Sachs European Payment Conference on Tue-Thu, Goldman Sachs Global Health Care Conference on Tue-Thu, Piper Jaffray Consumer Conference on Wed, Vertical Research Partners Materials Conference on Wed, RBC Capital Markets Financial Technology Investor Day on Wed, Drexel Hamilton Aerospace & Defense Conference on Thu, Stifel, Nicolaus & Co Industrials Conference on Thu, NASDAQ Investor Program on Thu.

OVERNIGHT U.S. STOCK MOVERS

Restaurant Brands International (QSR +0.68%) was upgraded to 'Outperform' from 'Market Perform' at Oppenheimer.

Infinera (INFN +1.20%) was upgraded to 'Buy' from 'Neutral' at MKM Partners with a price target of $14.

Starbucks (SBUX -0.60%) was downgraded to 'Neutral' from 'Outperform' at Wedbush.

HMS Holdings (HMSY +0.31%) was initiated with an 'Overweight' rating at Cantor Fitzgerald with a 12-month target price of $23.

Janus Henderson Group PLC (JHG +1.39%) was initiated with an 'Overweight' rating at Morgan Stanley.

Alexion Pharmaceuticals (ALXN +1.05%) rose 4% in after-hours trading after it announced that Biogen CFO Paul Clancy will be the new CFO at Alexion effective July 31. Biogen (BIIB -0.26%) dropped over 2% in after-hours trading on the news.

Loxo Oncology (LOXO -3.66%) lost over 2% in after-hours trading after it announced that it intends to offer shares of its common stock in an underwritten public offering, although no size was given.

H&R Block (HRB +2.08%) jumped over 11% in after-hours trading after it reported Q4 adjusted EPS from continuing operations of $3.76, better than consensus of $3.53.

FTD Cos (FTD -3.51%) was initiated with a 'Buy' at DA Davidson with a 12-month target price of $23.

Gladstone Investment Corp (GAIN +0.33%) was rated a new 'Outperform' at Wedbush with a 12-month target price of $10.

Sequans Communications SA (SQNS unch) dropped over 5% in after-hours trading after it announced that it intends to offer newly issued American Depositary Shares (ADSs) representing ordinary shares in an underwritten public offering, although no size was given.

MARKET COMMENTS

Sep E-mini S&Ps (ESU17 +0.12%) this morning are up +2.75 points (+0.11%). Tuesday's closes: S&P 500 +0.45%, Dow Jones +0.44%, Nasdaq +0.76%. The S&P 500 on Tuesday closed higher on a rebound in technology stocks after 2 days of sharp losses and on strength in energy stocks after crude prices rose +0.82%. Gains were limited ahead of the outcome of the 2-day FOMC meeting on Wednesday where the Fed is expected to raise its fed funds rate target by 25 bp.

Sep 10-year T-notes (ZNU17 +0.02%) this morning are up +3 ticks. Tuesday's closes: TYU7 +1.50, FVU7 unch. Sep 10-year T-notes on Tuesday closed higher on weaker inflation expectations after the 10-year T-note breakeven inflation rate fell to a 7-month low. There was also decent 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 2.30. T-note prices were undercut by rising producer price pressures after U.S. May core PPI rose +2.1% y/y, stronger than expectations of +1.9% y/y and the largest year-on-year increase in 3 years.

The dollar index (DXY00 +0.09%) this morning is up +0.07 (+0.07%). EUR/USD (^EURUSD) is down -0.0010 (-0.09%) and USD/JPY (^USDJPY) is up +0.20 (+0.18%). Tuesday's closes: Dollar index -0.163 (-0.17%), EUR/USD +0.0008 (+0.07%), USD/JPY +0.12 (+0.11%). The dollar index on Tuesday closed lower on reduced inflation expectations that may slow the pace of Fed tightening after the 10-year T-note breakeven inflation rate dropped to a 7-month low.

Jul WTI crude oil prices (CLN17 -1.23%) this morning are down -50 cents (-1.08%) and July gasoline (RBN17 -1.25%) is -0.0165 (-1.10%). Tuesday's closes: Jul crude +0.38 (+0.82%), Jul gasoline +0.0115 (+0.77%). Jul crude oil and gasoline on Tuesday closed higher on a weaker dollar and on expectations that Wednesday's weekly EIA data will show U.S. crude inventories fell -2.4 million bbl. Crude oil prices were undercut by speculation that increased U.S. oil production will offset OPEC crude production cuts and the projection from the EIA for U.S. Jul shale oil output to increase by +127,000 bpd.

GLOBAL EVENT CALENDAR06/14/2017

		Wednesday, June 14
US	0700 ET	Weekly MBA mortgage applications, previous +7.1% with purchase sub-index +10.0% and refi sub-index +3.4%.
	0830 ET	May CPI expected unch m/m and +2.0% y/y, Apr +0.2% m/m and +2.2% y/y. May CPI ex food & energy expected +0.2% m/m and +1.9% y/y, Apr +0.1% m/m and +1.9% y/y.
	0830 ET	May retail sales expected unch and +0.2% ex autos, Apr +0.4% and +0.3% ex autos.
	1000 ET	Apr business inventories expected -0.2%, Mar +0.2%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1400 ET	FOMC announces interest rate decision, expected +25 bp increase in the fed funds target range to 1.00%-1.25%.
	1430 ET	Fed Chair Janet Yellen holds news conference following FOMC meeting.
		Thursday, June 15
US	0830 ET	Weekly initial unemployment claims expected -4,000 to 241,000, previous -10,000 to 245,000. Weekly continuing claims expected +6,000 to 1.923 million, previous -2,000 to 1.917 million.
	0830 ET	Jun Empire manufacturing survey general business conditions expected +6.0 to 5.0, May -6.2 to -1.0.
	0830 ET	Jun Philadelphia Fed business outlook survey expected -13.8 to 25.0, May +16.8 to 38.8.
	0830 ET	May import price index expected -0.1% m/m, Apr +0.5% and +0.4% ex petroleum.
	0830 ET	USDA weekly Export Sales.
	0915 ET	May industrial production expected +0.2%, Apr +1.0%. May manufacturing production expected +0.1%, Apr +1.0%. May capacity utilization expected +0.1 to 76.8%, Apr +0.5 to 76.7%.
	1000 ET	Jun NAHB housing market index expected unch at 70, May +2 to 70.
	1100 ET	Treasury announces amount of 30-year TIPS to be auctioned Jun 22 (previous $7 billion).

U.S. STOCK CALENDAR06/14/2017

Company	Ticker	Time	Event Description	Period	Estimate
American Airlines Group Inc	AAL US	09:00	Annual General Meeting
Target Corp	TGT US	09:00	Annual General Meeting
FNF Group	FNF US	10:00	Annual General Meeting
Zillow Group Inc	ZG US	11:00	Annual General Meeting
Black Knight Financial Services Inc	BKFS US		Annual General Meeting
Caterpillar Inc	CAT US		Annual General Meeting
Celgene Corp	CELG US		Annual General Meeting
Xcel Energy Inc	XEL US		Investor Meeting
Mattel Inc	MAT US	13:00	Investor Day
Square Inc	SQ US	16:00	Annual General Meeting
Jabil Inc	JBL US	Aft-mkt	Q3 2017 Earnings Release	Q3 17	0.289
Jabil Inc	JBL US	16:30	Q3 2017 Earnings Call	Q3 17
Autodesk Inc	ADSK US	18:00	Annual General Meeting