Friday, October 6, 2017

Assembly Biosciences - Chart of the Day

Assembly Biosciences (ASMB) is the Barchart Chert of the Day. The biopharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha pf 181.64+ and gained 336.61% in the last year.

The Chart of the Day belongs to Assembly Biosciences (ASMB). I found the biopharmaceutical stock by using Barchart to sort the Russell 3000 Index stocks first by highest Weighted Alpha then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy in 8/4 the stock gained 53.50%

Assembly Biosciences, Inc. is a biopharmaceutical company. It develops therapies for infectious diseases and other disorders of the gastrointestinal (GI) system. Assembly's product portfolio consists of two late stage assets: VEN 307 for relief from pain associated with anal fissures and VEN 308 for the treatment of fecal incontinence. The Company is also developing novel microbiome-based technology for targeted oral delivery of therapeutic bacteria, complex proteins, viral antigens and small molecules to treat intractable infectious diseases of the GI tract, such as C. difficile infections. Assembly Biosciences Inc., formerly known as Ventrus Biosciences, Inc., is based in New York.

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:

181.64+ Weighted Alpha
72% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 26.98% in the last month
Relative Strength index 79.89%
Technical support level at 34.36
Recently traded at 35.06 with a 50 day moving average of 27.91

Fundamental factors:

Market Cap $608.5 million
Earnings estimated to increase 31.34% next year
Wall Street analysts issued 2 strong buy recommendations on the stock
The individual investors following the stock on Motley Fool voted 25 to 12 that the stock would beat the market

Morning Call 10/6

Barchart Morning Call

Barchart.com - Fri Oct 6, 6:42AM CDT

OVERNIGHT MARKETS AND NEWS

Dec E-mini S&Ps (ESZ17 -0.06%) this morning are down -0.04% ahead of this morning's U.S. Sep payrolls report as the market consolidates this week's sharp gains to a new record high Thursday. European stocks are down -0.22%, led by losses in Spanish banks, as the financial and political squeeze on the separatist government in Catalonia tightens. Catalan President Puigdemont risks economic damage and isolation if he goes ahead with plans to declare independence based on a referendum that was considered illegal under Spain's constitution. Other Spanish companies may join Spain's banks in deciding to relocate their headquarters out of Catalonia as the crisis persists. Losses in European stocks were limited on signs of strength in the German economy, Europe's largest, after German Aug factory orders rose +3.6% m/m, the biggest increase in 8-months. GBP/USD tumbled -0.40% to a 4-week low on concern the political movement in the UK to try to remove Prime Minister May from power would throw the Brexit negotiations into chaos. Asian stocks settled higher: Japan +0.30%, Hong Kong +0.28%, Taiwan +0.14%, Australia +1.04%, Singapore +0.90%, India +0.70%. China and South Korea remain closed for holidays. Japan's Nikkei Stock Index climbed to a new 2-year high on carry-over support from the rally in U.S. stocks Thursday to a record high.

The dollar index (DXY00 +0.01%) is up +0.04% at a 1-1/2 month high. EUR/USD (^EURUSD) is down -0.04% at a 1-1/2 month low as the political crisis in Spain weighs on the euro. USD/JPY (^USDJPY) is up +0.10%.

Dec 10-year T-note prices (ZNZ17 -0.11%) are down -4 ticks.

UK Q2 unit labor costs rose +1.6% y/y, the slowest pace of increase since Q4 of 2015.

Japan Aug labor cash earnings rose +0.9% y/y, stronger than expectations of +0.5% y/y and the biggest increase in 13-months.

The Japan Aug leading index CI rose +1.6 to 106.8, weaker than expectations of +1.9 to 107.1 but still a 3-1/2 year high. The Aug coincident index rose +1.9 to 117.6, stronger than expectations of +1.8 to 117.5.

German Aug factory orders jumped +3.6% m/m, stronger than expectations of +0.7% m/m and the largest increase in 8-months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Sep non-farm payrolls (expected +80,000, Aug +156,000) and Sep unemployment rate (expected unch at 4.4%, Aug +0.1 to 4.4%), (2) Sep avg hourly earnings (expected +0.3% m/m and +2.5% y/y, Aug +0.1% m/m and +2.5% y/y), (3) Atlanta Fed President Raphael Bostic (non-voter) speaks at the “Investing in America’s Workforce” conference, (4) Aug wholesale trade sales (expected unch m/m, Jul -0.1% m/m), (5) New York Fed President William Dudley (voter)will deliver a speech on “The Monetary Policy Outlook and the Importance of Higher Education for Economic Mobility” at an event in New York, (6) Dallas Fed President Robert Kaplan (voter) speaks in a moderated Q&A at an “Investing in America’s Workforce” conference in Dallas, (7) Aug consumer credit expected +$15.54 billion, Jul +$18.499 billion.

Notable Russell 1000 earnings reports today include: Costco (consensus $2.02), Constellation Brands (2.17), Global Payments (1.10), Yum China Holdings (0.56).

U.S. IPO's scheduled to price today: Switch (SWCH).

Equity conferences this week: Petaluma Area Chamber of Commerce Business Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

Goldman Sachs (GS +2.39%) was downgraded to 'Market Perform' from 'Market Outperform' at Vining Sparks.

Bank of America (BAC +1.63%) was downgraded to 'Market Outperform' from 'Strong Buy' at Vining Sparks.

Albemarle (ALB +1.04%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.

Kraft Heinz (KHC +0.62%) was upgraded to 'Overweight' from 'Neutral' at Piper Jaffray with a price target of $90.

Microchip (MCHP -0.33%) was initiated as a new 'Buy' at Argus with a price target of $106.

Marathon Petroleum (MPC -0.11%) was upgraded to 'Buy' from 'Hold' at Edward Jones with a price target of $63.

Green Dot (GDOT +2.71%) was initiated with a 'Buy' rating at Craig-Hallum with a price target of $70.

Valero Energy (VLO -0.54%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan Chase.

HollyFrontier (HFC -2.56%) was downgraded to 'Underweight' from 'Neutral' at JPMorgan Chase.

Yum China Holdings (YUMC +0.20%) climbed almost 4% in after-hours trading after it reported Q3 revenue of $2.04 billion, higher than consensus of $1.98 billion.

Costco Wholesale (COST +1.13%) fell over 1% in after-hours trading even after it reported Q4 revenue of $43.3 billion, better than consensus of $41.62 billion.

Annaly Capital Management (NLY +0.41%) slid nearly 3% in after-hours trading after it announced that it intends to make a public offering of 65 million shares of its common stock.

Synchronoss Technologies (SNCR -0.09%) surged nearly 20% in after-hours trading after it entered into an exclusivity pact with Siris Capital Group.

MARKET COMMENTS

Dec S&P 500 E-mini stock futures (ESZ17 -0.06%) this morning are down -1.00 point (-0.04%). Thursday's closes: S&P 500 +0.56%, Dow Jones +0.50%, Nasdaq +0.97%. The S&P 500 on Thursday accelerated up to a new record high and settled higher on the -12,000 fall in U.S. weekly jobless claims to 260,000, a bigger decline than expectations of -7,000 to 265,000, and on the U.S. Aug factory orders report of +1.2%, stronger than expectations of +1.0%. There was also strength in energy stocks after crude oil prices rose +1.62%.

Dec 10-year T-note prices (ZNZ17 -0.11%) this morning are down -4 ticks. Thursday's closes: TYZ7 -5.50, FVZ7 -3.75. Dec 10-year T-notes on Thursday closed lower on the stronger-than-expected U.S. Aug factory orders report of +1.2%, and on comments from Philadelphia Fed President Harker who said that he has already "penciled in" a third 25 bp Fed rate hike in Dec and that he projects three more rate increases in 2018. T-notes were also undercut by reduced safe-haven demand with the rally in the S&P 500 to a new record high.

The dollar index (DXY00 +0.01%) this morning is up +0.038 (+0.04%) at a 1-1/2 month high. EUR/USD (^EURUSD) is down -0.0005 (-0.04%) at a 1-1/2 month low and USD/JPY (^USDJPY) is up +0.11 (+0.10%). Thursday's closes: Dollar Index +0.503 (+0.54%), EUR/USD -0.0048 (-0.41%), USD/JPY +0.06 (+0.05%). The dollar index on Thursday closed higher on hawkish comments from Philadelphia Fed President Harker who said he has already "penciled in" a third 25 bp rate hike by the Fed in Dec. The dollar index was also boosted by the increase in 10-year T-note yields, which boosts the dollar's interest rate differentials.

Nov crude oil (CLX17 -0.91%) this morning is down -53 cents (-1.04%) and Nov gasoline (RBX17 +0.24%) is +0.0007 (+0.04%). Thursday's closes: Nov WTI crude +0.81 (+1.62%), Nov gasoline +0.0309 (+1.96%). Nov crude oil and gasoline on Thursday closed higher with Nov gasoline at a 1-week high. Crude oil prices were supported by the prospects for an extension of crude oil production cuts between OPEC and Russia after Saudi King Salman bin Abdulaziz made a trip to Moscow to meet Russian President Putin and said Saudi Arabia wants to continue cooperation with Russia to maintain stability on the world oil market. Crude oil prices were also boosted by the increase in the crack spread to a 1-week high, which gives incentive for refiners to increase their crude purchases to refine crude oil into gasoline.

Metals prices this morning are mixed with Dec gold (GCZ17 -0.13%) -1.5 (-0.12%), Dec silver (SIZ17 -0.02%) -0.003 (-0.02%) and Dec copper (HGZ17 -0.05%) +0.002 (+0.05%) at a 3-week high. Thursday's closes: Dec gold -3.6 (-0.28%), Dec silver +0.014 (+0.08%), Dec copper +0.0875 (+2.96%). Metals on Thursday settled mixed with Dec copper at a 3-week high. Metals prices were boosted by the stronger-than-expected U.S. Aug factory orders report of +1.2% that was positive for industrial metals demand, and by the -2,450 MT decline in LME copper inventories, a sign of tighter supplies. Metals prices were undercut by a stronger dollar and by reduced safe-haven demand for stocks with the rally in the S&P 500 to a new record high.

GLOBAL EVENT CALENDAR10/06/2017

		Friday, Oct 6
US	0830 ET	Sep non-farm payrolls expected +80,000, Aug +156,000. Sep private payrolls expected +72,000, Aug +165,000. Sep manufacturing payrolls expected +8,000, Aug +36,000. Sep unemployment rate expected unch at 4.4%, Aug +0.1 to 4.4%.
	0830 ET	Sep avg hourly earnings expected +0.3% m/m and +2.5% y/y, Aug +0.1% m/m and +2.5% y/y. Sep avg weekly hours all-employees expected unch at 34.4 hours, Aug -0.1 to 34.4 hours.
	0915 ET	Atlanta Fed President Raphael Bostic (non-voter) speaks at the Investing in Americas Workforce conference.
	1000 ET	Aug wholesale trade sales expected unch m/m, Jul -0.1% m/m. Revised Aug wholesale inventories expected unchanged at +1.0%, prelim-Aug +1.0% m/m.
	1215 ET	New York Fed President William Dudley (voter)will deliver a speech on The Monetary Policy Outlook and the Importance of Higher Education for Economic Mobility at an event in New York.
	1245 ET	Dallas Fed President Robert Kaplan (voter) speaks in a moderated Q&A at an Investing in Americas Workforce conference in Dallas.
	1500 ET	Aug consumer credit expected +$15.54 billion, Jul +$18.499 billion.
		Monday, Oct 9
US	n/a	U.S. government offices and cash Treasury trading closed for Columbus Day. Exchanges open.

U.S. STOCK CALENDAR10/06/2017

Name	Ticker	Time	Description	Period	Estimate
Constellation Brands Inc	STZ US	Bef-mkt	Q2 2018 Earnings Release	Q2 18	2.166
Leucadia National Corp	LUK US	08:30	Investor Meeting
Clorox Co/The	CLX US	09:00	Analyst Day
Constellation Brands Inc	STZ US	10:30	Q2 2018 Earnings Call	Q2 18
Telephone & Data Systems Inc	TDS US		Roadshow - Day 4
United States Cellular Corp	USM US		Roadshow - Day 4
RPM International Inc	RPM US		Annual General Meeting
Global Payments Inc	GPN US		Q3 2017 Earnings Release	Q3 17	1.098
Leucadia National Corp	LUK US		Investor Day
Symantec Corp	SYMC US	12:00	Annual General Meeting
Oracle Corp	ORCL US	14:00	Analyst Meeting
Costco Wholesale Corp	COST US	16:15	Q4 2017 Earnings Release	Q4 17	2.017
Yum China Holdings Inc	YUMC US	16:30	Q3 2017 Earnings Release	Q3 17	0.564
Costco Wholesale Corp	COST US	17:00	Q4 2017 Earnings Call	Q4 17
Yum China Holdings Inc	YUMC US	20:00	Q3 2017 Earnings Call	Q3 17

Thursday, October 5, 2017

Dynavax Technologies - Chart of the Day

Dynavax Technologies (DVAX) is the Barchart Chart of the Day. The biomedical company has a Trend Spotter buy signal, a Weighted Alpha of 179.52+ and gained 115.34% in the last year.

The Chart of the Day belongs to Dynavax Technologies (DVAX). I found the biomedical stock by using Barchart to sort the 52 Week High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. I always use the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 7/31 the stock gained 51.89%.

Dynavax Technologies discovers, develops, and intends to commercialize innovative products to treat and prevent allergies, infectious diseases, and chronic inflammatory diseases using versatile, proprietary approaches that alter immune system responses in highly specific ways. Dynavax's clinical development programs are based on immunostimulatory sequences which are short DNA sequences that enhance the ability of the immune system to fight disease and control chronic inflammation.

179.52+ Weighted Alpha
100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
7 new highs and up 30.49% in the last month
Relative Strength Index 71.27%
Technical support level at 23.58
Recently traded at 24.07 with a 50 day moving average of 18.43

Fundamental factors:

Market Cap $1.43 billion
Revenue expected to grow 45.80% this year and another 82.60% next year
Earnings estimated to increase 44.20% this year and an additional 5.50% next year
Wall Street analysts issued 4 strong buy and 1 buy recommendation on the stock

#DVAX

5 Great Large Caps

This morning I wanted to find 5 Large Cap stocks that had the best weighted price appreciation in the last year but still have current upward momentum. I used Barchart to sort the S&P 500 Large Cap Index stocks first for the highest Weighted Alpha then used the Flipchart feature to find stocks trading above their 20, 50 and 100 day moving averages with consistent price momentum. Today's Watch List includes:

Nvidia (NVDA), Micron Technology (MU), Align Technology (ALGN), Boeing (BA) and Lam Research (LRCX)

Nvidia (NVDA)