Immunomedics - Chart of the Day

Immunomedics (IMMU) is the Barchat Chart of the Day.  The biomedical stock has a Trend Spotter buy signal, a Weighted Alpha of 264.39+ and gained 276.09% in the past year.

The Chart of the Day belongs to Immunomedics (IMMU).  I found the biomedical stock by using Barchart to sort today's Top Stocks to Own list first for the highest Weighted, then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 8/22 the stock gained 9.61%.

Immunomedics Inc. is a New Jersey-based biopharmaceutical company focused on the development of monoclonal, antibody-based products for the targeted treatment of cancer, autoimmune and other serious diseases. They have developed a number of advanced proprietary technologies that allow us to create humanized antibodies that can be used either alone in unlabeled or `naked` form, or conjugated with radioactive isotopes, chemotherapeutics or toxins, in each case to create highly targeted agents. Using these technologies, the company have built a pipeline of therapeutic product candidates that utilize several different mechanisms of action. They have recently licensed its lead product candidate, epratuzumab, to UCB, S.A. for the treatment of all autoimmune disease indications worldwide.

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:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 20.00% in the last month
• Relative Strength Index 69.89%
• Technical support level at 10.00
• Recently traded at 10.38 with a 50 day moving average of 8.62

Fundamental factors:

• Market Cap $1.19 billion
• Revenue expected to grow 673.60% this year and another 82.00% next year
• Earnings estimated to increase 62.60% this year and an additional 47.30% next year
• Wall Street analysts issued 3 strong buy recommendations on the stock

Ameren - Chart of the Day

Ameren (AEE) is the Barchart Chart of the Day.  The energy services compnay has a Trend Spotter buy signal, a Weighted Alpha of 24.50+ and gained 19.75% in the last year.

The Chart of the Day belongs to Ameren (AEE).  I found the energy services 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 7/21 the stock gained 6.60%.

Ameren Corporation companies provide energy services customers in Missouri and Illinois. Ameren UE, one of its subsidiaries, is the one of the largest electric utilities in Missouri and distributors of natural gas. Ameren CIPS, another subsidiary, is both an electric and natural gas utility and serves one of the largest geographic areas of Illinois-based utility companies. 

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
• 15 new highs and up 7.76% in the last month
• Relative Strength Index 76.04%
• Technical support level at 60.06
• Recently traded at 60.26 with a 50 day moving average of 56.56

Fundamental factors:

• Market Cap $14.62 billion
• P/E 20.95
• Dividend yield 2.94%
• Revenue expected to grow 3.80% this year and another 2.50% next year
• Earnings estimated to increase 4.90% this year, an additional 7.10% next year and continue to compound at an annual rate of 6.10% for the next 5 years
• Wall Street analysts issued 3 strong buy and 5 hold recommendations on the stock

Kite Pharma - Chart of the Day

Kite Pharma (KITE) is the Barchart Chart of the Day.  The biopharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 149.29+ and gained 129.02% in the last year.

The Chart of the Day belongs to Kite Pharma (KITE).  I found the biopharmaceutical stock 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 6/8 the stock gained 55.42%.

Kite Pharma, Inc. is a clinical-stage biopharmaceutical company. It is focused on the development and commercialization of cancer immunotherapy products. The Company is developing a pipeline of eACT-based product candidates for the treatment of solid and hematological malignancies. Kite Pharma, Inc. is headquartered in Santa Monica, 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:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 26.59% in the last month
• Relative Strength Index 82.23%
• Technical support level at 133.78
• Recently traded at 138.17 with a 50 day moving average of 108.98

Fundamental factors:

• Market Cap $7.69 billion
• Revenue expected to grow 91.80% this year an another 361.30% next year
• Earnings estimated to increase 13.80% next year
• Wall Street analysts issued 5 strong buy, 1 buy, 4 hold and 1 sell recommendation on the stock

Morning Call 8/23

Barchart Morning Call

Barchart.com - 43 minutes ago

OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU17 -0.23%) this morning are down -0.25% after President Trump last night at a rally in Arizona threatened to shut down the government over the Mexico border wall. The issue over funding for a border wall may become entangled with legislation to raise the federal government's debt limit, which needs to be raised by mid-Oct to avoid a default. Stocks also moved lower on global trade concerns when President Trump said he might terminate the North American Free Trade Agreement (NAFTA) at some point. The global trade concerns also weakened European stocks, which are down -0.12%, although losses were limited after stronger-than-expected Eurozone manufacturing data boosted confidence in the European economic outlook. Asian stocks settled mixed: Japan +.26%, Trading in Hong Kong was canceled due to Typhoon Hato, China -0.08%, Taiwan +0.14%, Australia -0.23%, Singapore -0.11%, South Korea +0.12%, India +0.88%. Chinese stocks closed lower and gains in Japanese stocks were capped on global trade concerns after President Trump threatened to end NAFTA.

The dollar index (DXY00 -0.24%) is down -0.15%. EUR/USD (^EURUSD) is up +0.18%. USD/JPY (^USDJPY) is down -0.15%.

Sep 10-year T-note prices (ZNU17 +0.02%) are unchanged.

The Eurozone Aug Markit manufacturing PMI unexpectedly rose +0.8 to 57.4, stronger than expectations of -0.3 to 56.3 and matched Jun as 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 +0.1% with purchase sub-index -1.5% and refi sub-index +1.6%), (2) Dallas Fed President Robert Kaplan speaks before the Permian Basin Petroleum Association Membership Luncheon in Midland, TX, (3) Aug Markit manufacturing PMI (expected +0.1 to 53.4, Jul +1.3 to 53.3) and Aug Markit services PMI (expected +0.2 to 54.9, Jul +0.5 to 54.7), (4) Jul new home sales (expected unch at 610,000, Jun +0.8% to 610,000), (5) Treasury auctions $13 billion 2-year floating-rate notes, (6) EIA Weekly Petroleum Status Report.

Notable Russell 1000 earnings reports today include: Lowe's (consensus $1.62), Eaton Vance (0.68), HEICO (0.53), PVH (1.64), Williams-Sonoma (0.59), HP (0.42).

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

Equity conferences this week: CFA Society of Minnesota Intellisight Conference on Tue-Wed, Healthcare Information & Management Systems Society Southeast Summit on Wed, Heikkinen Energy Conference on Wed, Raymond James SMID Cap Growth Conference on Wed, Southern California Investor Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Duluth Holdings (DLTH +6.55%) was downgraded to 'Market Perform' from 'Outperform' at Raymond James.

Baozun (BZUN -24.19%) was downgraded to 'Hold' from 'Buy' at Deutsche Bank.

Nordson (NDSN -10.89%) was upgraded to 'Buy' from 'Hold' at Gabelli & Co with a price target of $135.44

HP Inc. (HPQ +2.42%) was initiated with a 'Buy' at Loop Capital Markets with a 12-month target price of $23.

Rockwell Collins (COL +0.49%) was upgraded to 'Buy' from 'Hold' at Vertical Research Partners with a price target of $143.

Essent (ESNT +1.21% was upgraded to 'Outperform' from 'Market Perform' at Keefe, Bruyette & Woods with a price target of $44.

Ally Financial (ALLY +0.59%) rose 2% in after-hours trading after it said its bank subsidiary has been released from capital requirements tied to its application to the Federal Reserve System and will pay out a $2.9 billion dividend to Ally Financial in Q3.

Salesforce.com (CRM +1.30%) lost almost 2% in after-hours trading after it forecast Q3 deferred revenue growth of 18%-19% y/y, which implies billings of $1.95 billion at the midpoint, weaker than consensus of $2.17 billion.

Ultragenyx Pharmaceutical (RARE +3.41%) dropped 9% in after-hours trading after it said its Ace-ER Phase 3 did not meet the primary endpoint of demonstrating statistically significant difference in upper extremity muscle strength compared to a placebo in patients with GNE Myopathy.

Cree (CREE +2.04%) tumbled nearly 8% in after-hours trading after it reported Q4 adjusted gross margin of 28.0%, below consensus of 28.8%.

La-Z-Boy (LZB +0.32%) slumped over 14% in after-hours trading after it reported Q1 EPS of 24 cents, weaker than consensus of 29 cents.

21Vianet Group (VNET +0.66%) dropped 6% in after-hours trading after it reported Q2 net revenue fell -3.5% y/y to 878.7 million yuan, below the midpoint of a May estimate of Q2 revenue of 870 million yuan-910 million yuan.

MARKET COMMENTS

Sep S&P 500 E-mini stock futures (ESU17 -0.23%) this morning are down -6.25 points (-0.25%). Tuesday's closes: S&P 500 +0.99%, Dow Jones +0.90%, Nasdaq +1.50%. The S&P 500 on Tuesday closed sharply higher on speculation the Trump administration is gaining momentum in its efforts to pass tax reform legislation after Politico reported that Congressional lawmakers have found common ground on ways to pay for individual and corporate tax cuts. There was also strength in energy and mining stocks as crude oil prices rose +0.63% and copper prices climbed +0.22% to a new 2-3/4 year high.

Sep 10-year T-note prices (ZNU17 +0.02%) this morning are unch. Tuesday's closes: TYU7 -9.00, FVU7 -5.25. Sep 10-year T-notes on Tuesday closed lower on a report from Politico that said congressional leaders have made "significant strides" in shaping a tax overhaul, which may lead to more robust U.S. growth if implemented and prompt the Fed to keep raising interest rates. There was also reduced safe-haven demand with the rally in stocks.

The dollar index (DXY00 -0.24%) this morning is down -0.141 (-0.15%). EUR/USD (^EURUSD) is up +0.0021 (+0.18%) and USD/JPY (^USDJPY) is down -0.16 (-0.15%). Tuesday's closes: Dollar Index +0.450 (+0.48%), EUR/USD -0.0053 (-0.45%), USD/JPY +0.59 (+0.54%). The dollar index on Tuesday closed higher on weakness in EUR/USD after the German Aug ZEW survey expectations of economic growth fell more-than-expected to a 10-month low. The dollar also received a boost from the rise in 10-year T-note yields, which boosts the dollar's interest rate differentials.

Oct crude oil (CLV17 -0.31%) this morning is down -8 cents (-0.17%) and Oct gasoline (RBV17 -0.29%) is -0.0034 (-0.23%). Tuesday's closes: Oct WTI crude +0.30 (+0.63%), Oct gasoline +0.0054 (+0.36%). Oct crude oil and gasoline on Tuesday closed higher on news that Libya shut its Sharara oil field (the country's biggest) and on expectations for Wednesday's EIA crude inventories to fall by -3.5 million bbl.

Metals prices this morning are mostly higher with Dec gold (GCZ17 +0.27%) +1.8 (+0.14%), Sep silver (SIU17 +0.40%) +0.078 (+0.46%) and Sep copper (HGU17 +0.07%) unch. Tuesday's closes: Dec gold -5.7 (-0.44%), Sep silver -0.033(-0.19%), Sep copper +0.0065 (+0.22%). Metals on Tuesday settled mixed with Sep copper at a new 2-3/4 nearest-futures high. Metals were boosted by a stronger dollar and the rally in stocks that curbed the safe-haven demand for precious metals. Copper closed higher on signs of tighter supplies after LME copper inventories fell -6,000 MT to a 1-1/2 month low of 255,700 MT.

GLOBAL EVENT CALENDAR08/23/2017

		Wednesday, Aug 22
US	0700 ET	Weekly MBA mortgage applications, previous +0.1% with purchase sub-index -1.5% and refi sub-index +1.6%.
	0905 ET	Dallas Fed President Robert Kaplan speaks before the Permian Basin Petroleum Association Membership Luncheon in Midland, TX.
	0945 ET	Aug Markit manufacturing PMI expected +0.1 to 53.4, Jul +1.3 to 53.3. Aug Markit services PMI expected +0.2 to 54.9, Jul +0.5 to 54.7.
	1000 ET	Jul new home sales expected unch at 610,000, Jun +0.8% to 610,000.
	1030 ET	EIA Weekly Petroleum Status Report.
	1300 ET	Treasury auctions $13 billion 2-year floating-rate notes.
		Thursday, Aug 23
US	0830 ET	Weekly initial unemployment claims expected +6,000 to 238,000, previous -12,000 to 232,000. Weekly continuing claims expected -3,000 to 1.950 million, previous -3,000 to 1.953 million.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Jul existing home sales expected +0.5% to 5.55 million, Jun -1.8% to 5.52 million.
	1100 ET	Aug Kansas City Fed manufacturing activity expected +1 to 11, Jul -1 to 10.
	1100 ET	Treasury announces amount of 2-year T-notes (previous $26 billion), 5-year T-notes (previous $34 billion), and 7-year T-notes (previous $28 billion) to be auctioned Aug 28-29.
	1300 ET	Treasury auctions $14 billion 5-year TIPS.
	n/a	Kansas City Fed hosts its annual 3-day monetary symposium in Jackson Hole, WY, on Fostering a Dynamic Global Economy.

U.S. STOCK CALENDAR08/23/2017

Company	Ticker	Time	Event Description	Period	Estimate
Lowe's Cos Inc	LOW US	Bef-mkt	Q2 2018 Earnings Release	Q2 18	1.617
Lowe's Cos Inc	LOW US	09:00	Q2 2018 Earnings Call	Q2 18
Eaton Vance Corp	EV US	09:00	Q3 2017 Earnings Release	Q3 17	0.675
Eaton Vance Corp	EV US	11:00	Q3 2017 Earnings Call	Q3 17
Whole Foods Market Inc	WFM US		Extraordinary Shareholders Meeting - M&A Vote
HEICO Corp	HEI US	Aft-mkt	Q3 2017 Earnings Release	Q3 17	0.528
PVH Corp	PVH US	Aft-mkt	Q2 2018 Earnings Release	Q2 18	1.642
Williams-Sonoma Inc	WSM US	Aft-mkt	Q2 2018 Earnings Release	Q2 18	0.589
HP Inc	HPQ US	Aft-mkt	Q3 2017 Earnings Release	Q3 17	0.422
Williams-Sonoma Inc	WSM US	17:00	Q2 2018 Earnings Call	Q2 18
HP Inc	HPQ US	17:00	Q3 2017 Earnings Call	Q3 17

Cutera - Chart of the Day

Cutera (CUTR) is the Barchart Chart of the Day.  The electromedical company has a Trend Spotter buy signal, a Weighted Alpha of 189.09+ and gained 218.89+% in the last year.

The Chart of the Day belongs to Cutera (CUTR).  I found the electomedical stock by using Barchart ot 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 on 8/8 the stock gained 27.61%.

Cutera Inc designs, develops, manufactures and markets the CoolGlide family of products for use in laser and other light-based aesthetic applications. The original CoolGlide CV provides permanent hair reduction on all skin types. The second generation CoolGlide Excel incorporated features that added the capability to treat a variety of vascular lesions, which include facial telangiectasia, spider and reticular leg veins. The CoolGlide Vantage added non-ablative skin therapy to the range of applications offered by the system.

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
• 6 new highs and up 29.93% in the last month
• Relative Strength Index 78.1%
• Technical support level at 33.47
• Recently traded at 34.95 with a 50 day moving average of 27.61

Fundamental factors:

• Market Cap $473 million
• P/E 70.31
• Revenue expected to grow 23.20% this year and another 13.10% next year
• Earnings estimated to increase 173.70% his year , a additional 48.10% next year and conine to increase at an annual rate of 9.00% for the next 5 years
• Wall Street analysts issued 3 strong buy recommendations on the stock

Morning Call 8/22

Barchart Morning Call

Barchart.com - Tue Aug 22, 6:36AM CDT

OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU17 +0.13%) this morning are up +0.07% and European stocks are up +0.47%, led by a rally in mining stocks, as Sep COMEX copper (HGU17 +0.70%) climbs +0.67% to a new 2-3/4 year nearest-futures high. Gains in European stocks were limited after a gauge of German investor confidence fell to a 10-month low. The German Aug ZEW survey expectations of economic growth fell -7.5 to 10.0, weaker than expectations of -2.5 to 15.0, amid concern that the diesel scandal at Volkswagen AG along with recent strength in EUR/USD will weigh on the German economy, Europe's largest. Asian stocks settled mostly higher: Japan -0.05%, Hong Kong +0.91%, China +0.10%, Taiwan +0.64%, Australia +0.42%, Singapore +0.52%, South Korea +0.39%, India +0.11%. China's Shanghai Composite erased early losses and rose to a 2-1/2 week high on optimism that Chinese insurance stocks and pharmaceutical companies will report better-than-expected quarterly earnings results. Japan's Nikkei Stock Index fell to a new 3-1/2 month low on a lack of support for stocks in the Nikkei Stock Index as the BOJ has said it will reduce investments in the Nikkei Stock Index and buy more exchange-traded funds tracking the Topix index.

The dollar index (DXY00 +0.43%) is up +0.45%. EUR/USD (^EURUSD) is down -0.55% on the weaker-than-expected German Aug ZEW survey. USD/JPY (^USDJPY) is up +0.32%.

Sep 10-year T-note prices (ZNU17 -0.16%) are down -5 ticks.

The German Aug ZEW survey expectations of economic growth fell -7.5 to 10.0, weaker than expectations of -2.5 to 15.0 and a 10-month low.

UK Jul public sector net borrowing unexpectedly fell -0.8 billion pounds, weaker than expectations of +0.3 billion pounds and the first decline in 5 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Jun FHFA house price index (expected +0.4% m/m, May +0.4% m/m), (2) Aug Richmond Fed manufacturing index (expected -3 to 11, Jul +3 to 14), (3) USDA Jul Cold Storage.

Notable Russell 1000 earnings reports today include: Toll Brothers (consensus $0.69), Coty (0.09), Medtronics (1.08), salesforce.com (0.32), Intuit (0.17).

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

Equity conferences this week: Bank of America Merrill Lynch Industrial, Energy and Infrastructure Conference on Tue, CFA Society of Minnesota Intellisight Conference on Tue-Wed, Healthcare Information & Management Systems Society Southeast Summit on Wed, Heikkinen Energy Conference on Wed, Raymond James SMID Cap Growth Conference on Wed, Southern California Investor Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Alibaba (BABA +1.04%) was upgraded to 'Overweight' from 'Neutral' at Atlantic Equities LLP with a price target of $215.

VMware (VMW +0.77%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank.

Tempur Sealy (TPX +0.39%) was upgraded to 'Buy' from 'Hold' a Stifel with a price target of $80.

Hain Celestial (HAIN +0.24%) was downgraded to 'Neutral' from 'Positive' at Susquehanna Financial.

Inversora Carso reported a 5.1% passive stake in PBF Logistics (PBFX -0.24%) .

Estee Lauder (EL +0.53%) was upgraded to 'Buy' from 'Hold' at Argus with a price target of $125.

BHP Billiton Ltd (BHP +1.26%) reported full-year underlying profit of $6.7 billion, weaker than consensus of $7.3 billion, and said it was pursuing options to exit onshore U.S. assets.

Nordson (NDSN +0.80%) sank 10% in after-hours trading after it forecast Q4 EPS of $1.18 to $1.32, well below consensus of $1.51.

Fabrinet (FN -0.65%) fell nearly 4% in after-hours trading after it forecast Q1 revenue of $356 million-$360 million, below consensus of $375.6 million.

Zayo Group Holdings (ZAYO -0.24%) dropped over 3% in after-hours trading after it reported Q4 adjusted Ebitda of $310.8 million, below consensus of $314.7 million.

Premier Inc. (PINC -0.49%) slid over 2% in after-hours trading after it reported Q4 adjusted EPS of 50 cents, below consensus of 52 cents, and then said it sees full-year adjusted EPS of $1.98 to $2.09, weaker than consensus of $2.11.

Tarena International (TEDU +3.27%) lost over 3% in after-hours trading after it cut its full-year revenue forecast to 1.92 to 2-billion yuan from a May 22 estimate of 1.99 to 2.07 billion yuan.

Global Medical Reit (GMRE -1.75%) was downgraded to 'Neutral' from 'Buy' at D.A. Davidson.

MARKET COMMENTS

Sep S&P 500 E-mini stock futures (ESU17 +0.13%) this morning are up +1.75 points (+0.07%). Monday's closes: S&P 500 +0.12, Dow Jones +0.13%, Nasdaq -0.08%. The S&P 500 on Monday posted a 1-1/4 month low, but recovered its losses and closed slightly higher. Stocks were supported by strength in mining stocks after the price of copper rose +1.39% to a 2-3/4 year high. There was also optimism about the global economic outlook after the Bundesbank in its monthly report said, "the German economy may grow more strongly this year than was expected in June forecasts." Energy stocks were undercut by the -2.32% sell-off in crude oil prices.

Sep 10-year T-note prices (ZNU17 -0.16%) this morning are down -5 ticks. Monday's closes: TYU7 +3.00, FVU7 +2.25. Sep 10-year T-notes on Monday closed higher on the weaker-than-expected Jul Chicago Fed national activity index (-0.17 to -0.01 versus expectations of -0.03 to 0.10) and on the decline in inflation expectations after the 10-year T-note breakeven inflation rate tumbled to a 1-month low.

The dollar index (DXY00 +0.43%) this morning is up +0.422 (+0.45%). EUR/USD (^EURUSD) is down -0.0065 (-0.55%) and USD/JPY (^USDJPY) is up +0.35 (+0.32%). Monday's closes: Dollar Index -0.339 (-0.36%), EUR/USD +0.0054 (+0.46%), USD/JPY -0.20 (-0.18%). The dollar index on Monday fell to a 1-week low and closed lower on the weaker-than-expected Jul Chicago Fed national activity index and on strength in EUR/USD after the Bundesbank's monthly report stated that "the German economy may grow more strongly this year than was expected in June forecasts."

Oct crude oil (CLV17 +0.04%) this morning is up +2 cents (+0.04%) and Oct gasoline (RBV17 +0.01%) is +0.0023 (+0.15%). Monday's closes: Oct WTI crude -1.13 (-2.22%), Oct gasoline -0.0370 (-2.41%). Oct crude oil and gasoline on Monday closed lower on the fall in the S&P 500 to a new 1-1/4 month high and on concern that the global oil glut will persist after last Wednesday's EIA data showed U.S. crude production rose to a 2-year high.

Metals prices this morning are mixed with Dec gold (GCZ17 -0.46%) -4.9 (-0.38%), Sep silver (SIU17 -0.26%) -0.015(-0.09%) and Sep copper (HGU17 +0.70%) +0.020 (+0.67%) at a new 2-3/4 nearest-futures high. Monday's closes: Dec gold +5.1 (+0.39%), Sep silver +0.015 (+0.09%), Sep copper +0.0410 (+1.39%). Metals on Monday closed higher with Sep copper at a new 2-3/4 year nearest-futures high. Metals prices were boosted by the fall in the dollar index to a 1-week low and by signs of tighter copper supplies after LME copper inventories fell -9,650 MT to a 1-1/2 month low of 261,700 MT.

GLOBAL EVENT CALENDAR08/22/2017

		Tuesday, Aug 21
US	0900 ET	Jun FHFA house price index expected +0.4% m/m, May +0.4% m/m. Q2 house price purchase, Q1 +1.4% q/q.
	1000 ET	Aug Richmond Fed manufacturing index expected -3 to 11, Jul +3 to 14.
	1500 ET	USDA Jul Cold Storage.
		Wednesday, Aug 22
US	0700 ET	Weekly MBA mortgage applications, previous +0.1% with purchase sub-index -1.5% and refi sub-index +1.6%.
	0905 ET	Dallas Fed President Robert Kaplan speaks before the Permian Basin Petroleum Association Membership Luncheon in Midland, TX.
	0945 ET	Aug Markit manufacturing PMI expected +0.1 to 53.4, Jul +1.3 to 53.3. Aug Markit services PMI expected +0.2 to 54.9, Jul +0.5 to 54.7.
	1000 ET	Jul new home sales expected unch at 610,000, Jun +0.8% to 610,000.
	1030 ET	EIA Weekly Petroleum Status Report.
	1300 ET	Treasury auctions $13 billion 2-year floating-rate notes.

U.S. STOCK CALENDAR08/22/2017

Company	Ticker	Time	Event Description	Period	Estimate
Toll Brothers Inc	TOL US	Bef-mkt	Q3 2017 Earnings Release	Q3 17	0.687
Coty Inc	COTY US	Bef-mkt	Q4 2017 Earnings Release	Q4 17	0.091
Medtronic PLC	MDT US	06:45	Q1 2018 Earnings Release	Q1 18	1.084
Medtronic PLC	MDT US	08:00	Q1 2018 Earnings Call	Q1 18
Coty Inc	COTY US	08:00	Q4 2017 Earnings Call	Q4 17
Nordson Corp	NDSN US	08:30	Q3 2017 Earnings Call	Q3 17
Toll Brothers Inc	TOL US	11:00	Q3 2017 Earnings Call	Q3 17
Cadence Design Systems Inc	CDNS US		Roadshow
Cadence Design Systems Inc	CDNS US		Roadshow
Microchip Technology Inc	MCHP US	12:00	Annual General Meeting
salesforce.com Inc	CRM US	Aft-mkt	Q2 2018 Earnings Release	Q2 18	0.316
Intuit Inc	INTU US	Aft-mkt	Q4 2017 Earnings Release	Q4 17	0.168
Intuit Inc	INTU US	16:30	Q4 2017 Earnings Call	Q4 17
salesforce.com Inc	CRM US	17:00	Q2 2018 Earnings Call	Q2 18