PulteGroup - Chart of the Day

PulteGroup (PHM) is the Barchart Chart of the Day.  The home builder has a Trend Spotter buy signal, a Weighted Alpha of 92.10+ and gained 84.56% in the last year.

Today's Chart of the Day belongs to PulteGroup (PHM).  Last night, I was discussing with Carole of Melbourne Beach all the different ways I used Barchart to select the Chart of the Day and how useful all of their sorting tools are.  Today I used Barchart to sort the Russell 3000 Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  Next I used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy in 8/15 the stock gained 32.94%.

Pulte Corporation is a publicly held holding company whose subsidiaries engage in the homebuilding and financial services businesses. The company's significant subsidiaries include Pulte Financial Companies, Inc., Pulte Diversified Companies, Inc., and other subsidiaries which are engaged in the homebuilding business.

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 20, 50 and 100 day moving averages
• 18 new highs and up 11.61% in the last month
• Relative Strength Index 81.84%
• Technical support level 33.26
• Recently traded at 33.94 with a 50 day moving average of 29.55

Fundamental factors:

• Market Cap $9.98 billion
• P/E 16.65
• Dividend yield 1.05%
• Revenue expected to grow 159.20% this year and another 62.00% next year
• Earnings estimated to increase 32.50% this year, an additional 42.70% next year and continue to compound at an annual rate of 22.50% for at least the next 5 years
• Wall Street analysts issue 7 strong buy, 4 buy and 4 hold recommendations on the stock

Carole, I hope this pick pays off for you.

AxoGen - Chart of the Day

AxoGen (AXGN) is the Barchart Chart of the Day.  The regenerative medicine company has a Trend Spotter buy signal, A weighted Alpha of 223.44+ and gained 208.88% in the last year.

The Chart of the Day belongs to AxoGen (AXGN).  I found the regenerative medicine stock by using Barchart to sort today's 52 Week New High list first for the highest Weighted Alpha, then for technical buy signals of 80% or more.  I then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 11/20 the stock gained 7.61%.

AxoGen Corp. is a regenerative medicine company engaged in the development and commercialization of technologies for peripheral nerve reconstruction and regeneration. It offers products for the repair of peripheral nerve injuries. AxoGen Corp was formerly known as LecTec Corporation.

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:

• 233.44+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20,50 and 100 Day moving averages
• 12 new highs and up 29.53% in the last month
• Relative Strength Index 67.92%
• Technical support level at 25.10
• Recently traded at 26.40 with a 50 day moving average of 21.52

Fundamental factors:

• Market Cap $876 million
• Revenue expected to grow 44.10% this year and another 40.30% next year
• Earnings estimated to increase 17.90% this year and an additional 46.90% next year
• Wall Street analysts issued 2 strong buy and 4 buy recommendations on the stock

Valhi - Chart of the Day

Valhi (VHI) is the Barchart Chart of the Day.  The diversified chemical company has a Trend Spotter buy signal, a Weighted Alpha of 181.08+ and gained 125.09% in the last year.

The Chart of the Day belongs to Valhi (VHI).  I found the diversified chemical stock by using Barchart to sort today's Top Stocks to Own list first for the highest Weighted Alpha, then again using the Flipchart feature to find a chart with consistent price appreciation.  Since the Trend Spotter signaled a buy in 10/2 the stock gained 140.45%.

Valhi Inc. operates through majority-owned subsidiaries or less than majority-owned affiliates in the chemicals, component products, waste management and titanium metals industries. These subsidiaries and affiliates are NL Industries, Inc. , CompX International Inc., Waste Control Specialists LLC, and Titanium Metal Corporation.

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:

• 181.08+ Weighted Alpha
• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 63.75% in the last month
• Relative Strength Index 76.86%
• Technical support level at 6.17
• Recently traded at 6.44 with a 50 day moving average of 3.74

Fundamental factors:

• Market Cap $2.23 billion
• P/E 10.80
• Dividend yield 1.35%
• Revenue expected to grow 9.20% next year
• Earnings estimated to increase 273.70% this year and compound at an annual rate of 25.50% over the next 5 years
• Although the one Wall Street analysts following the stock thinks it will under perform the market, the individual investors following the stock on Motley Fool voted 59 to 30 that the stock will out perform the market

Morning Call 11/28

Barchart Morning Call

Barchart.com - Tue Nov 28, 6:39AM CST

OVERNIGHT MARKETS AND NEWS

Dec E-mini S&Ps (ESZ17 +0.11%) this morning are up +0.11% on optimism U.S. legislators will be able to pass tax cuts his year. European stocks are up +0.48% led by a 3% gain in Royal Dutch Shell Plc after it restored its full cash dividend for the first time in more than 2 years and said it will buy back at least $25 billion of stock by 2020. Gains in the overall market were limited due to weakness in mining stocks as Dec COMEX copper (HGZ17 -1.93%) slumped -1.87% to a 1-week low on Chinese demand concerns. Asian stocks settled mixed: Japan -0.04%, Hong Kong -0.02%, China +0.34%, Taiwan -0.41%, Australia -0.08%, Singapore +0.17%, South Korea +0.44%, India -0.31%. China's Shanghai Composite rebounded from a 3-month low and closed higher after China's Kweichow Moutai, the world's biggest liquor company by market value, jumped 4% and closed higher for the first time since Nov 16 when the Xinhua News Agency said the stock had been rising too fast. 

The dollar index (DXY00 +0.17%) is up +0.17%. EUR/USD (^EURUSD) is down -0.13%. USD/JPY (^USDJPY) is up +0.24%.

Dec 10-year T-note prices (ZNZ17 -0.06%) are down -2.5 ticks.

In its semi-annual report, the OECD cautioned that financial markets are too optimistic as "evidence continues to build that financial asset prices are inconsistent with expectations for future growth and the policy stance, exacerbating the risks of financial corrections and growth downdrafts."

German Dec GfK consumer confidence was unchanged at 10.7, right on expectations.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Oct wholesale inventories (expected +0.4%, Sep +0.3%), (2) Sep FHFA house price index (expected +0.5% m/m, Aug +0.7% m/m. Q3 house price purchase index, Q2 +1.6% q/q), (3) Sep S&P CoreLogic composite-20 home price index (expected +0.3% m/m and +6.0% y/y, Aug +0.45% m/m and +5.92% y/y), (4) Conference Board Nov U.S. consumer confidence (expected -1.9 to 124.0, Oct +5.3 to 125.9), (5) Senate Banking Committee holds hearing on Fed Chair nominee Jerome Powell, (6) Nov Richmond Fed manufacturing index (expected +2 to 14, Oct -7 to 12), (7) Treasury auctions $28 billion of 7-year T-notes.

Notable Russell 1000 earnings reports today include: Marvel Technology (consensus $0.33), Nuance Communications (0.15), Autodesk (-0.13).

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

Equity conferences this week: Credit Suisse Global TMT Conference on Mon-Wed, Credit Suisse Technology Media & Telecom Conference on Tue, UBS Global Real Estate CEO/CFO Conference on Tue, Piper Jaffray Health Care Conference on Tue-Wed, ACI European Base Oils & Lubricants Interactive Summit on Wed, Citi Basic Materials Conference on Wed-Thu, Bank of America Merrill Lynch Leveraged Finance Conference on Wed-Thu, Credit Suisse Industrials Conference on Wed-Thu, Evercore ISI Inaugural Biopharma Catalyst/Deep Dive Conference on Wed-Thu, ACI Cyber Security Oil, Gas, Power Conference on Thu, Deutsche Bank MedTools and Diagnostics One-on-One Day on Thu, HSBC High Yield Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Home Depot (HD +1.06%) was upgraded to 'Overweight' from 'Neutral' at Atlantic Equities LLP with a price target of $197.

Lowe's (LOW +0.74%) was downgraded to 'Neutral' from 'Overweight' at Atlantic Equities LLP.

Hormel Foods (HRL -0.67%) may move higher this morning after it raised guidance for full-year 2018 EPS to $1.62 to $1.72 from a prior view of $1.60 to $1.70.

Tech Data (TECD +0.85%) climbed almost 5% in after-hours trading after it reported Q3 adjusted EPS of $2.00, stronger than consensus of $1.92, and then said it sees Q4 adjusted EPS of $3.35 to $3.65, higher than consensus of $3.32.

UnitedHealth Group (UNH -0.05%) slid 1% in after-hours trading after it said it sees 2018 adjusted EPS of $10.55 to $10.85, the mid-point below consensus of $10.82.

Thor Industries (THO -0.60%) rallied over 10% in after-hours trading after it reported Q1 EPS from continuing operations of $2.43, well above consensus of $1.86.

MTS Systems (MTSC +0.36%) rose 1% in after-hours trading after it reported Q4 adjusted EPS of 44 cents, higher than consensus of 35 cents.

Medpace Holdings (MEDP -1.20%) lost nearly 2% in after-hours trading after it announced a proposed secondary offering of 4.0 million shares of its common stock by investment funds affiliated with Cinven Capital Management General Partner Limited.

Dova Pharmaceuticals (DOVA -0.45%) gained over 1% in after-hours trading after its new drug application for avatrombopag was granted priority review by the FDA.

Venator Materials PLC (VNTR -0.52%) slid over 1% in after-hours trading after it launched a secondary public offering of 18 million shares of its common stock by holder Huntsman Corporation.

Aratana Therapeutics (PETX +2.99%) fell over 7% in after-hours trading after it announced that it had commenced an underwritten registered public offering of $35 million in shares of its common stock.

Ardmore Shipping (ASC -1.12%) dropped 8% in after-hours trading after it announced a proposed secondary offering of 5.58 million shares of its common stock by holder GA Holdings LLC.

Apollo Endosurgery (APEN -0.25%) surged over 20% in after-hours trading after it received FDA approval for its OverStitch Sx endoscopic suturing system.

MARKET COMMENTS

Dec S&P 500 E-mini stock futures (ESZ17 +0.11%) this morning are up +2.75 points (+0.11%). Monday's closes: S&P 500 -0.04%, Dow Jones +0.10%, Nasdaq -0.05%. The S&P 500 on Monday posted a new record high but gave up its advance and closed slightly lower. Stocks were undercut by the -1.42% fall in crude oil prices, which undercut energy stocks, and by renewed North Korean tensions after Japan said it has indications that North Korea is preparing for a missile launch. Stocks were supported by the unexpected +6.2% increase in U.S. Oct new home sales to a 10-year high of 685,000, stronger than expectations of -6.1% to 627,000.

Dec 10-year T-note prices (ZNZ17 -0.06%) this morning are down -2.5 ticks. Monday's closes: TYZ7 +5.00, FVZ7 +3.00. Dec 10-year T-notes on Monday closed higher on reduced inflation expectations as the -1.42% decline in crude oil prices helped push the 10-year T-note breakeven inflation rate down to a 1-month low. T-notes also saw some safe-haven demand on reports that North Korea may be preparing to launch a ballistic missile.

The dollar index (DXY00 +0.17%) this morning is up +0.158 (+0.17%). EUR/USD (^EURUSD) is down -0.0015 (-0.13%) and USD/JPY (^USDJPY) is up +0.27 (+0.24%). Monday's closes: Dollar Index +0.122 (+0.13%), EUR/USD -0.0035 (-0.29%), USD/JPY -0.44 (-0.39%). The dollar index on Monday recovered from a 2-month low and closed higher on the unexpected increase in U.S. Oct new home sales to a 10-year high and on hawkish comments from Dallas Fed President Kaplan who said he backs a rate hike in the "near future."

Jan crude oil (CLF18 -0.76%) this morning is down -56 cents (-0.96%) and Jan gasoline (RBF18 -1.05%) is -0.0220 (-1.23%). Monday's closes: Jan WTI crude -0.84 (-1.42%), Jan gasoline +0.0042 (+0.24%). Jan crude oil and gasoline on Monday settled mixed. Crude oil prices were undercut by a recovery in the dollar index from a 2-month low and by concern the recent rally in crude prices to a 2-1/3 year high will prompt U.S. shale-oil producers to boost output after Friday's data from Baker Hughes showed that active U.S. oil rigs in the week ended Nov 24 rose by +9 rigs to a 7-week high of 747 rigs. Crude oil prices received support from the jump in U.S. Oct new home sales to a 10-year high, which shows economic strength and is positive for fuel demand.

Metals prices this morning are mixed with Dec gold (GCZ17 +0.01%) -0.4 (-0.03%), Dec silver (SIZ17 +0.09%) +0.005 (+0.03%) and Dec copper (HGZ17 -1.93%) -0.059 (-1.87%) at a 1-week low. Monday's closes: Dec gold +7.1 (+0.55%), Dec silver +0.028 (+0.16%), Dec copper -0.0345 (-1.09%). Metals on Monday settled mixed with Dec gold at a 1-1/4 month high. Metals prices were boosted by Japanese report that North Korea is preparing a missile launch, which boosted safe-haven demand for precious metals, and by tighter copper supplies as LME copper inventories fell -9,400 MT to an 8-3/4 month low of 204,200 MT. Copper closed lower, however, after the Shanghai Composite fell to a 3-month low, which fueled concerns the Chinese economy may slow and curb demand for industrial metals.

GLOBAL EVENT CALENDAR11/28/2017

		Tuesday, Nov 28
US	0830 ET	Oct wholesale inventories expected +0.4%, Sep +0.3%. Oct retail inventories, Sep -1.0%.
	0900 ET	Sep FHFA house price index expected +0.5% m/m, Aug +0.7% m/m. Q3 house price purchase index, Q2 +1.6% q/q.
	0900 ET	Sep S&P CoreLogic composite-20 home price index expected +0.3% m/m and +6.0% y/y, Aug +0.45% m/m and +5.92% y/y.
	1000 ET	Conference Board Nov U.S. consumer confidence expected -1.9 to 124.0, Oct +5.3 to 125.9.
	1000 ET	Senate Banking Committee holds hearing on Fed Chair nominee Jerome Powell.
	1000 ET	Nov Richmond Fed manufacturing index expected +2 to 14, Oct -7 to 12.
	1300 ET	Treasury auctions $28 billion of 7-year T-notes.
		Wednesday, Nov 29
US	0700 ET	Weekly MBA mortgage applications, previous +0.1% with purchase sub-index +5.3% and refi sub-index -4.8%.
	0830 ET	Revised Q3 GDP expected +3.2% (q/q annualized), previous +3.0%. Q3 personal consumption expected +2.5%, previous +2.4%. Q3 GDP price index expected unrevised at +2.2%. Q3 core PCE deflator, previous +1.3% q/q.
	0830 ET	New York Fed President William Dudley (voter) takes part in a moderated discussion about current economic issues at Rutgers University.
	1000 ET	Fed Chair Janet Yellen addresses the Joint Economic Committee of Congress on the U.S. economic outlook.
	1000 ET	Oct pending home sales expected +1.0% m/m and +3.0% y/y, Sep unch m/m and -5.4% y/y.
	1030 ET	EIA weekly Petroleum Status Report.
	1245 ET	San Francisco Fed President John Williams (non-voter) delivers keynote speech at the Annual Economic Forecast Luncheon sponsored by Arizona State University in Phoenix.
	1400 ET	Fed Beige Book.

U.S. STOCK CALENDAR11/28/2017

Name	Ticker	Time	Description	Period	Estimate
UnitedHealth Group Inc	UNH US	08:00	Investor Meeting
Bio-Rad Laboratories Inc	BIO US	09:00	Investor Day
Equifax Inc	EFX US		Investor Meeting
Nuance Communications Inc	NUAN US	Aft-mkt	Q4 2017 Earnings Release	Q4 17	0.145
Autodesk Inc	ADSK US	16:01	Q3 2018 Earnings Release	Q3 18	(0.13)
Marvell Technology Group Ltd	MRVL US	16:45	Q3 2018 Earnings Call	Q3 18
Marvell Technology Group Ltd	MRVL US	16:45	Q3 2018 Earnings Release	Q3 18	0.325
Nuance Communications Inc	NUAN US	17:00	Q4 2017 Earnings Call	Q4 17
Autodesk Inc	ADSK US	17:00	Q3 2018 Earnings Call	Q3 18

5 Double Digit Growth Stocks

Today I wanted to find 5 great growth stocks.  I used a list of stock  analysts estimated would have growth in both revenue and earning of at least 10% for the next 5 years.  I used Barchart to sort the stocks first by 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.  Today's Watch List includes:

Align Technologies (ALGN), IPG Photonics (IPGP), Cognex (CGNX), Nvidia (NVDA), Pinnacle Entertainment (PNK)

Align Technologies (ALGN)

Barchart technical indicators:

• 201.99+ Weighted Alpha
• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 11.22% in the last month
• Relative Strength Index 78.47%
• Technical support level at 253.56
• Recently traded at 262.42 with a 50 day moving average of 215.05

IPG Photonics (IPGP)

Barchart technical indicators:

• 163.94+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 15.53% in the last month
• Relative Strength Index 72.35%
• Technical support level at 240.42
• Recently traded at 240.70 with a 50 day moving average of 206.36

Cognex (CGNX)

Barchart technical indicators:

• 149.49+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 14.22% in the last month
• Relative Strength Index 75.88%
• Technical support level at 143.58
• Recently traded at 143.23 with a 50 day moving average of 124.72

Nvidia (NVDA)

Barchart technical indicators:

• 137.45+ Weighted Alpha
• 80% technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 6.08% in the last month
• Relative Strength Index 60.96%
• Technical support level at 215.37
• Recently traded at 214.14 with a 50 day moving average of 196.82

Pinnacle Entertainment (PNK)

Barchart technical indicators:

• 121.71+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 15.10% in the last month
• Relative Strength Index 78.45%
• Technical support level at 28.74
• Recently traded at 29.35 with a 50 day moving average of 24.80

Veros - Chart of the Day

Veros (VRS) is the Barchart Chart of the Day.  The paper products company has a Trend Spotter buy signal, a Weighted Alpha of 167.07+ and gained 97.81% in the last year.

The Chart of the Day is Veros (VRS).  I found the paper products stock by using Barchart to sort the Russell 3000 Index stocks first by the highest Weighted Alpha, then by using the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 8/28 the stock gained 103.77%.

Verso Corporation is engaged in the paper industry. The Company produces coated freesheet, coated ground wood and uncoated super calendered papers and pulp. It serves to magazine and catalog publishers, commercial printers, specialty retail merchandisers and paper merchants. The company operates primarily in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. Verso Corporation is based in Memphis, 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:

• 167.07+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 51.54% in the last month
• Relative Strength Index 86.64%
• Technical support level at 10.80
• Recently traded at 10.85 with a 5 day moving average of 6.81

Fundamental factors:

• Market Cap $384 million
• Revenue expected to grow 101.00% this year
• Earnings estimated to increase 271.30% next year
• Wall Street analysts issued 2 strong buy recommendations on the stock

Morning Call 11/27

Barchart Morning Call

Barchart.com - Mon Nov 27, 6:40AM CST

OVERNIGHT MARKETS AND NEWS

Dec E-mini S&Ps (ESZ17 -0.04%) this morning are up +0.09% at a new record nearest-futures high on signs of sustainability in the U.S. economic recovery as consumers continue to spend after Adobe Systems reported that Black Friday online spending was a record $5.03 billion, up +16.9% y/y. Adobe also estimates that today's Cyber Monday shopping day will be the biggest online shopping day in history, with $6.6 billion in predicted sales, up +16.5% y/y. European stocks are up +0.24% as political risks in Germany eased on signs that the SPD party will join Chancellor Merkel's Christian Democratic party in a "Grand Coalition." Asian stocks settled mostly lower: Japan -0.24%, Hong Kong -0.60%, China -0.94%, Taiwan -0.95%, Australia +0.10%, Singapore -0.17%, South Korea -1.76%, India +0.13%. China's Shanghai Composite tumbled to a 3-month low as concern over the government's attempt to tighten liquidity led to long liquidation in Chinese large-cap stocks. 

The dollar index (DXY00 -0.08%) is down -0.12% at a 2-month low. EUR/USD (^EURUSD) is up +0.03% at a 2-month high on optimism Chancellor Merkel's Christian Democratic party can form a coalition with the German SPD party. USD/JPY (^USDJPY) is down -0.33%.

Dec 10-year T-note prices (ZNZ17 unch) are down -3 ticks.

Japan Oct PPI services prices rose +0.8% y/y, weaker than expectations of +0.9% y/y.

China Oct industrial profits rose +25.1% y/y and Jan-Oct industrial profits are up +23.3% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Oct new home sales (expected -6.3% to 625,000, Sep +18.9% to 667,000), (2) Nov Dallas Fed manufacturing activity (expected -3.6 to 24.0, Oct +6.3 to 27.6), (3) Treasury auctions $26 billion of 2-year T-notes and $34 billion of 5-year T-notes, (4) New York Fed President Dudley (voter) speaks in a moderated discussion at the University of California, Berkeley, on ‘The U.S. Economy: 10 Years after the Crisis,’ (5) USDA weekly grain export inspections, (6) USDA crop conditions and progress report.

Notable Russell 1000 earnings reports today include: Thor Industries (consensus $1.86).

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

Equity conferences this week: MUFG Securities Equity Energy Tour on Mon, Credit Suisse Global TMT Conference on Mon-Wed, Credit Suisse Technology Media & Telecom Conference on Tue, UBS Global Real Estate CEO/CFO Conference on Tue, Piper Jaffray Health Care Conference on Tue-Wed, ACI European Base Oils & Lubricants Interactive Summit on Wed, Citi Basic Materials Conference on Wed-Thu, Bank of America Merrill Lynch Leveraged Finance Conference on Wed-Thu, Credit Suisse Industrials Conference on Wed-Thu, Evercore ISI Inaugural Biopharma Catalyst/Deep Dive Conference on Wed-Thu, ACI Cyber Security Oil, Gas, Power Conference on Thu, Deutsche Bank MedTools and Diagnostics One-on-One Day on Thu, HSBC High Yield Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Ciena (CIEN +0.67%) was upgraded to 'Buy' from 'Neutral' at Bank of America/Merrill Lynch with a 12-month target price of $28.

Everest Re (RE -0.72%) was upgraded to 'Outperform' from 'Underperform' at Keefe, Bruyette & Woods.

Norfolk Southern (NSC +0.60%) was downgraded to 'Sell' from 'Hold' at Loop Capital Markets with a price target of $120.

Western Digital (WDC -0.14%) was downgraded to 'Equal-Weight' from 'Overweight' at Morgan Stanley.

Allergan (AGN -0.74%) was resumed with an 'Outperform' at Leerink Partners LLC with a 12-month target price of $237.

Buffalo Wild Wings (BWLD -0.07%) was downgraded to 'Neutral' from 'Buy' at UBS, citing valuation.

Square (SQ +0.10%) was downgraded to 'Sell' from 'Neutral' at BTIG LLC with a 12-month target price of $30.

Eminence Capital reported that it raised its passive stake in Wendy's (WEN -0.65%) to 5.2% from 3.68%.

Macy's (M +2.13%) slipped almost 1% in after-hours trading after a glitch in the company's credit-card processing Black Friday spurred long lines which prompted some customers to abandon purchases due to the long wait times.

Johnson Controls International Plc (JCI +0.33%) may move higher this morning after vice president of the company, William Jackson, filed a Form 4 with the SEC that he purchased 20,000 shares of JCI at an average price of $36 on Nov 21.

Broadfin Capital reported that it reduced its stake in Recro Pharma (REPH unch) to 15.31% from 16.21%.

Marathon Patent Group (MARA +172.94%) jumped 14% in after-hours trading on top of a 173% surge Friday after it reported a Q3 operating loss of -$3.9 million versus an operating loss of -$10.7 million for Q3 of 2016.

MARKET COMMENTS

Dec S&P 500 E-mini stock futures (ESZ17 -0.04%) this morning are up +2.25 points (+0.09%) at a new record nearest-futures high. Friday's closes: S&P 500 +0.21%, Dow Jones +0.14%, Nasdaq +0.36%. The S&P 500 on Friday climbed to a new record high and closed higher on a rally in consumer retail stocks due to optimism for strong holiday sales as Black Friday begins the all-important holiday shopping season. There was also strength in energy stocks after crude oil prices climbed +1.60% to a 2-1/3 year high.

Dec 10-year T-note prices (ZNZ17 unch) this morning are down -3 ticks. Friday's closes: TYZ7 -4.50, FVZ7 -2.75. Dec 10-year T-notes on Friday closed lower on the rally in the S&P 500 to a new record high and on the jump in crude oil prices to a 2-1/3 year high, which boosts inflation expectations.

The dollar index (DXY00 -0.08%) this morning is down -0.11 (-0.12%) at a 2-month low. EUR/USD (^EURUSD) is up +0.0004 (+0.03%) at a 2-month high and USD/JPY (^USDJPY) is down -0.37 (-0.33%). Friday's closes: Dollar Index -0.438 (-0.37%), EUR/USD +0.0080 (+0.68%), USD/JPY +0.30 (+0.27%). The dollar index on Friday fell to a 2-month low and closed lower on the unexpected decline in the U.S. Nov Markit manufacturing PMI, which is dovish for Fed monetary policy. There was also strength in EUR/USD, which rose to a 2-month high after the German Nov IFO business climate unexpectedly rose to the highest since the data series began in 1991.

Jan crude oil (CLF18 -1.05%) this morning is down -49 cents (-0.83%) and Jan gasoline (RBF18 -0.49%) is -0.0054 (-0.30%). Friday's closes: Jan WTI crude +0.93 (+1.60%), Jan gasoline +0.0187 (+1.06%). Jan crude oil and gasoline on Friday closed higher with Jan crude at a 2-1/3 year high and Jan gasoline at a 1-1/2 week high. Crude oil prices were boosted by the slump in the dollar index to a 2-month low and by a report that said Russia and OPEC have outlined a deal to extend their crude production cuts until the end of next year. Crude oil prices were also boosted by the rally in the S&P 500 to a new record high, which bolsters optimism in the economic outlook that may lead to increased energy demand.

Metals prices this morning are mixed with Dec gold (GCZ17 +0.51%) +6.2 (+0.48%), Dec silver (SIZ17 +0.52%) +0.078 (+0.46%) and Dec copper (HGZ17 -1.29%) -0.039 (-1.21%). Friday's closes: Dec gold -4.9 (-0.38%), Dec silver -0.120(-0.70%), Dec copper +0.0320 (+1.02%). Metals on Friday settled mixed with Dec copper at a 3-week high. Metals prices were boosted by the slide in the dollar index to a 2-month low. Copper was also boosted by strikes by copper miners in Chile and Peru and by tighter copper supplies as LME copper inventories fell -5,475 MT to a 2-1/4 month low of 213,600 MT. Metals prices were undercut by the rally in the S&P 500 to a new record high, which curbs safe-haven demand for precious metals.

GLOBAL EVENT CALENDAR11/27/2017

		Monday, Nov 27
US	1000 ET	Oct new home sales expected -6.3% to 625,000, Sep +18.9% to 667,000.
	1030 ET	Nov Dallas Fed manufacturing activity expected -3.6 to 24.0, Oct +6.3 to 27.6.
	1100 ET	USDA weekly grain export inspections.
	1130 ET	Treasury auctions $26 billion of 2-year T-notes.
	1300 ET	Treasury auctions $34 billion of 5-year T-notes.
	1600 ET	USDA crop conditions and progress report.
	1900 ET	New York Fed President Dudley (voter) speaks in a moderated discussion at the University of California, Berkeley, on The U.S. Economy: 10 Years after the Crisis.
		Tuesday, Nov 28
US	0830 ET	Oct wholesale inventories expected +0.4%, Sep +0.3%. Oct retail inventories, Sep -1.0%.
	0900 ET	Sep FHFA house price index expected +0.5% m/m, Aug +0.7% m/m. Q3 house price purchase index, Q2 +1.6% q/q.
	0900 ET	Sep S&P CoreLogic composite-20 home price index expected +0.3% m/m and +6.0% y/y, Aug +0.45% m/m and +5.92% y/y.
	1000 ET	Conference Board Nov U.S. consumer confidence expected -1.9 to 124.0, Oct +5.3 to 125.9.
	1000 ET	Senate Banking Committee holds hearing on Fed Chair nominee Jerome Powell.
	1000 ET	Nov Richmond Fed manufacturing index expected +2 to 14, Oct -7 to 12.
	1300 ET	Treasury auctions $28 billion of 7-year T-notes.

U.S. STOCK CALENDAR11/27/2017

Name	Ticker	Time	Description	Period	Estimate
Equifax Inc	EFX US		Investor Meeting
Thor Industries Inc	THO US	Aft-mkt	Q1 2018 Earnings Release	Q1 18	1.859