BARCHART MORNING CALL 10/6

BARCHART MORNING CALL

Tuesday, October 6th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 -0.32%) are down -0.15% as prices consolidate following Monday's sharp rally to a 2-week high. European stocks are up +0.61% at a 2-week high after German Aug factory orders unexpectedly fell and bolstered speculation the ECB may expand monetary stimulus. Gains were limited as basic resource companies and energy producers fell after the price of copper and crude oil declined. Asian stocks settled mostly higher: Japan +1.00%, Hong Kong -0.10%, China closed for holiday, Taiwan +0.50%, Australia +0.33%, Singapore +1.62%, South Korea +0.92%, India +0.55%. Japan's Nikkei Stock Index rallied up to a 2-week high on the prospects for increased trade after Japan, the U.S. and other Pacific-rim countries that make up nearly 40% of the world economy finalized the Trans-Pacific Partnership agreement on Monday. If lawmakers in each country approve the accord, it will guarantee intellectual property rights for drugmakers and reduce tariffs on goods from food to cars and should boost the prospects for increase global trade.

The dollar index (DXY00 -0.23%) is down -0.20%. EUR/USD (^EURUSD) is up +0.25%. USD/JPY (^USDJPY) is down -0.08%.

Dec T-note prices (ZNZ15 +0.11%) are up +1 tick.

German Aug factory orders unexpectedly fell -1.8% m/m, weaker than expectations of +0.5% m/m. On an annual basis, Aug factory orders rose +1.9% y/y, weaker than expectations of +5.6% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Aug U.S. trade deficit (expected -$48.0 billion, Jul -$41.86 billion), (2) Kansas City Fed President Esther George's appearance as keynote speaker at “The Faster Payments Imperative: Transforming the Market” at an event in Chicago, (3) the Treasury's auction of $24 billion of 3-year T-notes, (4) San Francisco Fed President John Williams' speech to the Urban Land Institute, and (5) the IMF's release of its World Economic Outlook.

There are two of the Russell 2000 companies report earnings today: Pepsico (consensus $1.26), Yum Brands (1.06).

U.S. IPO's scheduled to price today: Pure Storage (PSIG), Aclaris Therapeutics (ACRS).

Equity conferences during the remainder of this week include: The China-Russia E-Commerce Summit on Mon, Oil & Money Conference on Tue, Barclays Select Series Biosimilars Symposium on Wed, Capital Link Shipping Marine Services and Offshore Forum on Wed, and Goldman Sachs EMEA Leveraged Finance Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Comerica (CMA +1.61%) was cut to 'Neutral' from 'Overweight' at JPMorgan Chase.

Pepsico (PEP +1.75%) climbed nearly 3% in pre-market trading after it reported Q3 EPS of $1.35, higher than consensus of $1.26.

Greatbatch (GB -0.14%) lowered guidance on fiscal 2015 sales to $685 million-$695 million, weaker than consensus of $714.7 million.

DuPont (DD +4.10%) rose 4% in pre-market trading after the company said Edward Breen will replace Ellen Kullman as chairman and CEO.

PMC-Sierra (PMCS +3.50%) surged 32% in pre-market trading after Skywork Solutions agreed to buy the company for $2 billion.

Computer Sciences Corp. (CSC +1.39%) said it will acquire Australia's UXC for $428 million.

Haemonetics (HAE -2.17%) tumbled over 12% in after-hours trading after it lowered guidance on fiscal 2015 adjusted EPS to $1.65-$1.75 from a Jul projection of $1.98-$2.08, well below consensus of $2.02.

Petrobras (PBR +5.39%) said it will cut its 2015 operating expenses forecast to $29 billion from $30 billion and cut its 2016 operating expenses forecast to $21 billion from $27 billion.

Ruckus Wireless (RKUS +4.25%) climbed 4% in after-hours trading when it was announced the company will join the S&P Smallcap 600 Index as of the close of trading on Wednesday, October 7.

Regulus Therapeutics (RGLS +0.77%) surged over 20% in after-hours trading after it presented new data that demonstrated a favorable pre-clinical profile for its RG-012 drug in treatment of Alport syndrome, a life-threatening genetic kidney disease.

Ilumina (ILMN -0.27%) slumped over 15% in after-hours trading after it lowered guidance on Q3 revenue to $550 million, below consensus of $569.1 million, and also lowered guidance on its Q4 revenue estimate to $570 million, weaker than consensus of $603.2 million.

The Container Store Group (TCS +2.84%) fell 4% in after-hours trading after it reported Q2 adjusted EPS of 6 cents, below consensus of 7 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 -0.32%) this morning are down -3.00 points. Monday's closes: S&P 500 +1.83%, Dow Jones +1.85%, Nasdaq +1.50%. The S&P 500 on Monday climbed to a 2-week high and closed sharply higher on carryover support from Friday's weaker-than-expected U.S. Sep payrolls report that pushed back Fed interest rate increase expectations from this year into Q1 of 2016 at the earliest. In addition, basic-resource stocks and energy producers rallied as the price of copper and crude oil moved higher. Stocks were able to shake off the -2.1 point decline in the Sep ISM non-manufacturing PMI, which was weaker than expectations of -1.5 to 57.5.

Dec 10-year T-notes (ZNZ15 +0.11%) this morning are up +1 tick. Monday's closes: TYZ5 -16.50, FVZ5 -9.50. Dec T-notes on Monday closed lower on the rally in the S&P 500 to a 2-week high, which reduced the safe-haven demand for T-notes, and on an increase in inflation expectations after the 10-year T-note breakeven rate rose to a 1-week high.

The dollar index (DXY00 -0.23%) this morning is down -0.194 (-0.20%). EUR/USD (^EURUSD)is up +0.0028 (+0.25%). USD/JPY (^USDJPY) is down-0.10 (-0.08%). Monday's closes: Dollar Index +0.276 (+0.29%), EUR/USD -0.0020 (-0.25%), USD/JPY +0.55 (+0.46%). The dollar index on Monday closed higher on strength in USD/JPY after a rally in stocks reduced the safe-haven demand for the yen. In addition, EUR/USD saw weakness on the downward revision in the Eurozone Sep Markit composite PMI and the decline in Eurozone Oct Sentix investor confidence to a 9-month low, which bolstered speculation the ECB may expand stimulus.

Nov crude oil (CLX15 -0.69%) this morning is down -11 cents (-0.24%) and Nov gasoline (RBX15 -0.15%) is up (+0.36%). Monday's closes: CLX5 +0.72 (+1.58%), RBX5 +0.0441 (+3.29%). Nov crude oil and gasoline on Monday closed higher on last Friday's Baker Hughes report showing that the number of active U.S. oil rigs as of Oct 2 fell -26 to a 5-year low of 614 rigs. Crude oil also closed higher on the escalation of Middle Eastern hostilities after Russian fighter jets flew into Turkish airspace and Turkey warned it would protect its airspace "at any cost."

GLOBAL EVENT CALENDAR10/06/2015

US	0830 ET	Aug trade balance expected -$48.0 billion, Jul -$41.86 billion.
	0915 ET	Kansas City Fed President Esther George is keynote speaker at The Faster Payments Imperative: Transforming the Market at an event in Chicago.
	1300 ET	Treasury auctions $24 billion of 3-year T-notes.
	1730 ET	San Francisco Fed President John Williams delivers an outlook speech to the Urban Land Institute.
	n/a	IMF releases its World Economic Outlook.
GER	0200 ET	German Aug factory orders expected +0.5% m/m and +5.6% y/y, Jul -1.4% m/m and -0.6% y/y.
UK	0400 ET	UK Sep new car registrations, Aug +9.6% y/y.
	1901 ET	UK Sep BRC shop price index, Aug -1.4% y/y.
EUR	1300 ET	ECB President Mario Draghi speaks at an event organized by the ECB in Frankfurt.

U.S. STOCK CALENDAR10/06/2015

Company	Ticker	Time	Event Description	Period	Estimate
PepsiCo Inc	PEP US	6:30	Q3 2015 Earnings Release	Q3 2015	1.263
PepsiCo Inc	PEP US	8:00	Q3 2015 Earnings Call	Q3 2015
Premier Inc	PINC US	9:00	Investor Day	Y 2015
Microsoft Corp	MSFT US	10:00	Special Media Event: Windows 10 Devices
Digital Realty Trust Inc	DLR US	10:00	Investor Day	Y 2015
Digital Realty Trust Inc	DLR US	13:00	Investor Day - Afternoon Session	Y 2015
Adobe Systems Inc	ADBE US	17:00	Analyst Meeting	Y 2015
Yum! Brands Inc	YUM US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	1.06
Altera Corp	ALTR US	17:30	Extraordinary Shareholders Meeting
McDonald's Corp	MCD US		McDonald's Corp. Begins Offering All-Day Breakfast in U.S. Locations
Altera Corp	ALTR US		Special Meeting - M&A Vote

5 Best NASDAQ 100 stocks

Today I wanted to see which NASDAQ 100 stocks had the best Barchart technical buy signals then I used the Flipchart feature to review the charts.

Today's list includes Tesla Motors (TSLA), Regeneron Pharmaceuticals (REGN), Gilead Sciences (GILD), Altera (ALTR) and Netflix (NFLX).

Tesla Motors (TSLA)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 8.6% in the last month
• Relative Strength Index 72.13%
• Barchart computes a technical support level at 244.15
• Recently traded at 258.75 with a 50 day moving average of 227.03

Regeneron Pharmaceuticals (REGN)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 11.18% in the last month
• Relative Strength Index 70.85%
• Barchart computes a technical support level at 509.07
• Recently traded at 534.81 with a 50 day moving average of 478.98

Gilead Sciences (GILD)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 9.94% in the last month
• Relative Strength Index 66.70%
• Barchart computes a technical support level at 111.83
• Recently traded at 114.39 with a 50 day moving average of 105.60

Altera (ALTR)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 15.92% in the last month
• Relative Strength Index 73.88%
• Barchart computes a technical support level at 51.26
• Recently traded at 51.52 with a 50 day moving average of 44.89

Netflix (NFLX)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 9.91% in the last month
• Relative Strength Index 73.07%
• Barchart computes a technical support level at 620.39
• Recently traded at 631.34 with a 50 day moving average of 551.26

BARCHART MORNING CALL 6/1

BARCHART MORNING CALL

Monday, June 1st, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM15 +0.23%) this morning are little changed, down -0.06% ahead of U.S. economic data on May ISM manufacturing and Apr personal spending that are expected to show a pickup in growth. European stocks are up +0.02& as they hover just above a 2-week low. Gains in European stocks were limited as Greece's debt payment deadlines draw closer amid a standoff with creditors. Asian stocks closed mixed: Japan +0.03%, Hong Kong +0.63%, China +4.71%, Taiwan -0.78%, Australia -0.72%, Singapore closed for holiday, South Korea -0.63%, India +0.07%. Chinese stocks closed sharply higher after a gauge of Chinese manufacturing activity expanded or a third month. Another positive for Chinese stocks was a report from people familiar with the situation that China was considering doubling the size of a local bond-swap program to 1 trillion yuan ($81 billion) from 500 billion yuan that would be authorized to swap bonds issued by provinces and cities in an attempt to clean up local government finances. The bond-swap program includes inducements for banks to buy new, longer-maturity bonds that may alleviate a funding crunch among Chinese provinces that had threatened to deepen China's economic slowdown.
Commodity prices are mostly lower. Jul crude oil (CLN15 -1.19%) is down -1.04% and Jul gasoline (RBN15 -0.67%) is down -0.61. Metals prices are weaker. Aug gold (GCQ15 -0.26%) is down -0.31% and Jul copper (HGN15 -0.38%) is down -0.24%. Agricultural prices are lower.
The dollar index (DXY00 +0.44%) is up +0.46%. EUR/USD (^EURUSD) is down -0.56%. USD/JPY (^USDJPY) is down -0.07%.

Sep T-note prices (ZNU15 -0.24%) are down -8 ticks.
Speaking at an event in Beijing, San Francisco Fed President John Williams said the U.S. economy is "basically in a good place," and he doesn't worry about a strong dollar weakening U.S. growth. He added that long-term interest rates are expected to rise and to be more normal in the next few years.
The China May manufacturing PMI rose +0.1 to 50.2, weaker than expectations of +0.2 to 50.3. The May non-manufacturing PMI fell -0.2 to 53.2, the slowest pace of expansion in 6-1/3 years.

U.S. STOCK PREVIEW

Key U.S. reports today include: (1) Apr personal spending (expected +0.2% after March's +0.4%) and Apr personal income (expected +0.3% after March's unchanged), (2) Apr PCE deflator (expected +0.2% y/y after March's +0.3% y/y) and Apr PCE core deflator (+1.3% y/y after March's +1.3% y/y), (3) a speech by Boston Fed President Eric Rosengren at the 2015 Workforce Stars Breakfast in Hartford, CT, (4) Apr construction spending (expected +0.7% m/m after March's -0.6% m/m), (5) May ISM manufacturing index (expected +0.5 to 52.0 after April's unchanged at 51.5), and (6) final-May Markit manufacturing PMI (expected unrevised at 53.8 vs prelim-May -0.3 to 53.8).
There is 1 of the Russell 1000 companies that reports earnings today: PVH Corp (consensus $1.38).
U.S. IPO's scheduled to price today include: none.
Equity conferences today include: Stifel Financial Corp WasteExpo Inestor Summit on Mon, American Society of Clinical Oncology Meeting on Mon-Tue, Andean Institutional Real Estate Forum on Mon-Tue, RBC - Conference: Global Energy & Power Executive Conference - New York on Mon-Tue, Jefferies Global Healthcare Conference on Mon-Wed, Bank of America Merrill Lynch Global Telecom & Media Conference on Tue, Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference on Tue, Keefe, Bruyette, & Woods Mortgage Finance Conference on Tue, RBC Global Energy Conference on Tue, Bank of America Merrill Lynch Global Technology Conference on Tue-Wed, Deutsche Bank Global Financial Services Investor Conference on Tue-Wed, KBW Asset Management and Capital Markets Conference on Wed, Sandler O'Neill & Partners Global Exchange and Brokerage Conference on Wed, Deutsche Bank Global Industrials and Basic Materials Conference on Wed-Thu, FBN Securities: Field Trip - 8th Semi-Annual Silicon Valley Tour on Wed-Thu, Credit Suisse Engineering & Construction Conference on Thu, Morgan Stanley Leveraged Finance Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Juniper (JNPR +0.54%) was downgraded to 'Sell' from 'Neutral' at MKM Partners.
Wells Fargo said it sees a potential for 75% upside in DISH (DISH +0.70%) shares.
Duke Energy (DUK -0.29%) was upgraded to 'Outperform' from 'Market Perform' at Bernstein.
Verifone (PAY +0.37%) was upgraded to 'Outperform' from 'Market Perform' at Raymond James.
Enbridge (ENB -1.40%) and Boyd Gaming (BYD -0.28%) were both upgraded to 'Outperform' from 'Neutral' at Credit Suisse.
Coca-Cola (KO -0.44%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital.
According to DigiTimes, data from Gartner showed Q1 global server shipments up 13% y/y.
Citigroup (C -0.86%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Altera (ALTR +4.00%) jumped over 6% in pre-market trading after people familiar with the matter said that Intel INTC is near a deal to acquire the chipmaker.
Stonepine Capital reported a 5.2% passive stake in Aegerion (AEGR -1.02%) .
O'Reilly Automotive (ORLY -1.41%) increased its stock repurchase authorization by $500 million to $5.5 billion.
Ryanair (RYAAY -2.06%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Point72 reported a 5.0% passive stake in Achillion (ACHN +5.89%) .

MARKET COMMENTS

June E-mini S&Ps (ESM15 +0.23%) this morning are down -1.25 points (-0.06%). Friday's closes: S&P 500 -0.63%, Dow Jones -0.64%, Nasdaq -0.60%. The S&P 500 on Friday settled lower on the unresolved Greek situation and on the unexpected -6.1 point drop in the May Chicago PMI to 46.2, weaker than expectations of +0.7 to 53.0. Stocks found some support from the final-May U.S. consumer sentiment index, which rose +2.1 to 90.7, stronger than expectations of +0.9 to 89.5.
Sep 10-year T-notes (ZNU15 -0.24%) this morning are down -8 ticks. Friday's closes: TYU5 +9.50, FVU5 +6.50. Sep 10-year T-notes on Friday rallied to a 1-month high on ideas the Fed will be forced to delay a rate hike after Q1 GDP was revised lower to -0.7% from +0.2% and the Chicago PMI was expectedly weak at -6.1 points to 46.2. T-notes also found some carry-over support from a rally in German bunds to a 3-week high on the unresolved Greek debt crisis.
The dollar index (DXY00 +0.44%) this morning is u[ +0.443 (+0.46%). EUR/USD (^EURUSD)is down -0.0062 (-0.56%). USD/JPY (^USDJPY) is down -0.09 (-0.07%). Friday's closes: Dollar Index -0.058 (-0.06%), EUR/USD +0.00413 (+0.38%), USD/JPY +0.153 (+0.12%). The dollar index on Friday closed lower on talk of a delayed Fed rate hike after the downward revision for U.S. Q1 GDP to -0.7% and the unexpected -6.1 point decline in the May Chicago PMI.
July WTI crude oil (CLN15 -1.19%) this morning is down 63 cents (-1.04%). July gasoline (RBN15 -0.67%) is down -0.0126 (-0.61%). Friday's closes: CLN5 +2.62 (+4.54%), RBN5 +0.0922 (+4.68%). Jul crude oil and gasoline on Friday settled sharply higher on the weaker dollar and on the EPA's cut in its corn ethanol mandate levels to 13.4 billion gallons 2015 and 14 billion gallons for 2016 (from 15 billion gallons), which will increase U.S. gasoline usage levels.

GLOBAL EVENT CALENDAR06/01/2015

US	0830 ET	Apr personal spending expected +0.2%, Mar +0.4%. Apr personal income expected +0.3%, Mar unch.
	0830 ET	Apr PCE deflator expected +0.1% m/m and +0.2% y/y, Mar +0.2% m/m and +0.3% y/y. Apr PCE core deflator expected +0.2% m/m and +1.3% y/y, Mar +0.1% m/m and +1.3% y/y.
	0905 ET	Boston Fed President Eric Rosengren speaks from a prepared text at the 2015 Workforce Stars Breakfast in Hartford, CT.
	0945 ET	Final-May Markit manufacturing PMI expected unrevised at 53.8, prelim-May -0.3 to 53.8.
	1000 ET	Apr construction spending expected +0.7% m/m, Mar -0.6% m/m.
	1000 ET	May ISM manufacturing index expected +0.5 to 52.0, Apr unch at 51.5. May ISM new orders, Apr +1.7 to 53.5. May ISM employment, Apr -1.7 to 48.3. May ISM prices paid expected +2.5 to 43.0, Apr +1.5 to 40.5.
	1100 ET	USDA weekly grain export inspections.
	1600 ET	USDA weekly crop progress.
JPN	0100 ET	Japan May vehicle sales, Apr +5.0% y/y.
	2130 ET	Japan Apr labor cash earnings expected +0.4% y/y, Mar unch y/y. Apr real cash earnings, Mar -2.7% y/y.
GER	0355 ET	Revised German May Markit/BME manufacturing PMI, previous -0.7 to 51.4.
	0800 ET	German May CPI (EU harmonized) expected unch m/m and +0.6% y/y, Apr -0.1% m/m and +0.3% y/y.
EUR	0400 ET	Revised Eurozone May Markit manufacturing PMI, previous +0.3 to 52.3.
UK	0430 ET	UK May Markit manufacturing PMI expected +0.6 to 52.5, Apr 51.9.

U.S. STOCK CALENDAR06/01/2015

Company	Ticker	Time	Event Description	Period	Estimate
American Water Works Co Inc	AWK US	8:45	Annual General Meeting - Second Call	Y 2015
Wendy's Co/The	WEN US	10:00	Annual General Meeting
Wendy's Co/The	WEN US	10:00	Annual General Meeting
Staples Inc	SPLS US	16:00	Annual General Meeting
PVH Corp	PVH US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	1.384
Windstream Holdings Inc	WIN US	Aft-mkt	Talen Energy Replaces Windstream Holdings in S&P MidCap 400
Arthur J Gallagher & Co	AJG US		Annual General Meeting
Questar Corp	STR US		Roadshow - Europe - Day 1	Y 2015
UnitedHealth Group Inc	UNH US		Annual General Meeting
Hospitality Properties Trust	HPT US		Annual General Meeting - Proxy Fight
Arista Networks Inc	ANET US		Annual General Meeting

BARCHART MORNING CALL 5/1

BARCHART MORNING CALL

Friday, May 1st, 2015View Older Reports

Everything you need to know about the markets in one free daily newsletter.

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM15 +0.41%) this morning are up +0.30% and UK stocks are up +0.18% after the China Apr manufacturing PMI came in stronger-than-expected. Gains in UK stocks were limited after the UK Apr Markit manufacturing PMI unexpected declined to its slowest pace of growth in 7 months. Most European markets are closed today for Labour Day. Monsanto is up 3.5% in pre-market trading after people familiar with the matter said it approached Syngenta AG about a takeover and Gilead Sciences is up 2.6% after it reported stronger-than-expected Q1 profit. The 10-year Greek 10-year bond fell to a 1-1/2 month low of 10.2% amid optimism a deal over bailout aid will be reached. Asian stocks that were open closed higher: Japan +0.06% and Australia +0.42%. All other Asian markets were closed for the May Day holiday.
Commodity prices are mixed. Jun crude oil (CLM15 -0.20%) is down -0.23%. Jun gasoline (RBM15 -0.72%) is down -0.80%%. Metals prices are mixed. Jun gold (GCM15 -0.25%) is down -0.20%. Jul copper (HGN15 +0.54%) is up +0.47% at a 1-1/4 month high after China's manufacturing activity last month expanded more than forecast. Agriculture prices are mixed.
The dollar index (DXY00 +0.05%) is up +0.08%. EUR/USD (^EURUSD) is up +0.39% at a fresh 2-month high as Greek default concerns recede after the Greek 10-year bond yield fell to a 1-1/2 month low. USD/JPY (^USDJPY) is up +0.36%.

Jun T-note prices (ZNM15 -0.23%) are down -7 ticks.
People with knowledge of the matter said that Greek Prime Minister Tsipras told his cabinet late Thursday that he's confident a deal to unlock bailout funds is close as the Greek government steps up talks with its creditors in a bid to reach a preliminary deal by this Sunday, May 3.
The China Apr manufacturing PMI was unchanged at 50.1, stronger than expectations of -0.1 to 50.0.

U.S. STOCK PREVIEW

Key U.S. reports today include: (1) the Apr ISM manufacturing index (expected +0.5 to 52.0 after March's -1.4 point decline to 51.5), (2) the final-April Markit U.S. manufacturing PMI (expected unrevised at 54.2 after the preliminary-April report of -1.5 to 54.2), (3) the final-Apr U.S. consumer sentiment index from the University of Michigan (expected +0.1 to 96.0 after the early-April report of +2.9 to 95.9), (4) March construction spending (expected +0.5% m/m after Feb's -0.1% m/m), (5) Apr total vehicle sales (expected 16.90 million versus March's 17.05 million), and (6) a speech by San Francisco Fed President John Williams at a Chapman University conference on financial markets and monetary policy.
There are 15 of the S&P 500 companies that report earnings today with notable reports including: Berkshire Hathaway (consensus $2373), Chevron (0.79), Duke Energy (1.14), Weyerhaeuser (0.25), CVS (1.08), Aon (1.28).
U.S. IPO's scheduled to price today include: MYOB Group (MYO), OpGen (OPGN), Good Times Restaurants (GTIM). IPOs that are scheduled to trade today include: Black Stone Minerals (BSM).
Equity conferences during the remainder of this week include: none.

OVERNIGHT U.S. STOCK MOVERS

AON Plc (AON -1.69%) reported Q1 EPS of $1.37, better than consensus of $1.28.
Leggett & Platt (LEG -1.76%) reported Q1 EPS of 50 cents, above consensus of 46 cents.
Enbridge Energy (EEP -2.21%) reported Q1 EPS of 26 cents, higher than consensus of 22 cents.
YRC Worldwide (YRCW -2.07%) reported a Q1 EPS loss of -70 cents, a bigger loss than consensus of -49 cents.
Baidu (BIDU -8.55%) was downgraded to 'Hold' from 'Buy' at Jefferies.
Fluor (FLR -1.36%) reported Q1 EPS of 96 cents, below consensus of 98 cents.
Bloomberg reported that Monsanto (MON -0.90%) approached Syngenta (SYT -3.36%) regarding a takeover.
AIG (AIG -0.64%) reported Q1 EPS of $1.22, higher than consensus of $1.19.
Reuters reports that Intel talked about offering $58 per share for Altera (ALTR +2.36%) .
Expedia (EXPE -2.11%) climbed over 6% in after-hours trading after it unexpectedly reported a Q1 adjusted EPS loss of -3 cents, below consensus of a 9 cent profit, although Q1 revenue of $1.37 billion was above consensus of $1.35 billion.
Fortune Brands (FBHS -2.73%) reported Q1 EPS ex-items of 28 cents, weaker than consensus of 32 cents.
Visa (V -1.92%) reported Q2 EPS of 63 cents, above consensus of 62 cents.
Western Union (WU -0.54%) reported Q1 EPS of 39 cents, better than consensus of 38 cents.
Century Aluminum (CENX -1.60%) reported Q1 EPS of 76 cents, higher than consensus of 63 cents.
LinkedIn (LNKD -1.95%) plunged over 20% in after-hours trading after it reported Q1 EPS of 57 cents, better than consensus of 56 cents, but then lowered guidance on fiscal 2015 EPS to $1.90, well below consensus of $3.03.
Columbia Sportswear (COLM -1.55%) reported Q1 EPS of 37 cents, above consensus of 36 cents.
Gilead (GILD -1.77%) is up over 2% in pre-market trading after it reported Q1 adjusted EPS of $2.94, well above consensus of $2.32.

MARKET COMMENTS

June E-mini S&Ps (ESM15 +0.41%) this morning are up +6.25 points (+0.30%). Thursday's closes: S&P 500 -1.01%, Dow Jones -1.08%, Nasdaq -1.65%. The S&P 500 index on Thursday slid to a 1-1/2 week low and closed sharply lower on (1) tech stock weakness after Apple fell more than 2% on news of a defect in its watches, and (2) the weaker-than-expected U.S. Mar personal income and spending report of unchanged m/m and +0.4%, respectively. There was also concern that the Fed might raise rates sooner than earlier thought after initial weekly unemployment claims fell-34,000 to a 15-year low of 262,000.
Jun 10-year T-notes (ZNM15 -0.23%) this morning are down -7 ticks. Thursday's closes: TYM5 -4.50, FVM5 -3.25. Jun 10-year T-notes on Thursday fell to a 1-1/2 month low and closed mildly lower on the sharp -34,000 decline in initial unemployment claims to a new 15-year low. There was also negative carry-over from the decline in German bund prices to a 1-1/2 month low.
The dollar index (DXY00 +0.05%) this morning is up +0.071 (+0.08%). EUR/USD (^EURUSD) is up +0.0044 (+0.39%) at a 2-moth high. USD/JPY (^USDJPY) is up +0.43 (+0.39%). Dollar Index -0.609 (-0.64%), EUR/USD +0.00955 (+0.86%), USD/JPY +0.355 (+0.30%). The dollar index on Thursday fell to a 2-month low and closed with a fairly sharp loss as concern continues about the weak U.S. economic data and a delayed Fed tightening. Meanwhile, there was strength in EUR/USD on signs that Eurozone deflation risks are easing a bit after the Eurozone Apr CPI was unch y/y and ended four straight months of declines.
Jun WTI crude oil (CLM15 -0.20%) this morning is down -14 cents (-0.23%) and Jun gasoline (RBM15 -0.72%) is down -0.0163 (-0.80%). Thursday's closes: CLM5 +1.05 (+1.79%), RBM5 +0.0355 (+1.76%). Jun crude oil on Thursday posted a new 4-1/2 month high on carry-over support from Wednesday's news that Cushing oil inventories fell by -514,000 bbls, the first decline in 21 weeks.

GLOBAL EVENT CALENDAR05/01/2015

US	0945 ET	Final-Apr Markit manufacturing PMI expected no change at 54.2, prelim-Apr -1.5 to 54.2.
	1000 ET	Mar construction spending expected +0.5% m/m, Feb -0.1% m/m.
	1000 ET	Apr ISM manufacturing index expected +0.5 to 52.0, Mar 51.5. Apr ISM new orders, Mar 51.8. Apr ISM employment, Mar 50.0. Apr ISM prices paid expected +3.0 to 42.0, Mar 39.0.
	1000 ET	Final-Apr U.S. consumer sentiment index (University of Michigan) expected +0.1 to 96.0, previous +2.9 to 95.9.
	1545 ET	San Francisco Fed President John Williams speaks at a Chapman University conference on financial markets and monetary policy.
	n/a	Apr total vehicle sales expected 16.90 million, Mar 17.05 million. Apr domestic vehicle sales expected 13.40 million, Mar 13.35 million.
JPN	0100 ET	Japan Apr vehicle sales, Mar -13.1% y/y.
UK	0430 ET	UK Mar net consumer credit expected +0.8 billion pounds, Feb +0.7 billion pounds.
	0430 ET	UK Mar mortgage approvals expected 62,500, Feb 61,800.
	0430 ET	UK Mar M4 money supply, Feb -0.2% m/m and -3.2% y/y.
	0430 ET	UK Apr Markit manufacturing PMI expected +0.2 to 54.6, Mar 54.4.
GER	n/a	German markets closed for Labor Day.
EUR	n/a	Eurozone markets closed for Labor Day.

U.S. STOCK CALENDAR05/01/2015

Company	Ticker	Time	Event Description	Period	Estimate
Aon PLC	AON US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	1.284
CVS Health Corp	CVS US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	1.078
Newell Rubbermaid Inc	NWL US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	0.341
Pinnacle West Capital Corp	PNW US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	0.18
Weyerhaeuser Co	WY US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	0.249
FirstEnergy Corp	FE US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	0.52
Moody's Corp	MCO US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	1.027
Duke Energy Corp	DUK US	7:00	Q1 2015 Earnings Release	Q1 2015	1.138
Legg Mason Inc	LM US	7:00	Q4 2015 Earnings Release	Q4 2015	0.677
VF Corp	VFC US	7:00	Q1 2015 Earnings Release	Q1 2015	0.672
Public Service Enterprise Group Inc	PEG US	7:30	Q1 2015 Earnings Release	Q1 2015	0.952
American International Group Inc	AIG US	8:00	Q1 2015 Earnings Call	Q1 2015
Boston Scientific Corp	BSX US	8:00	Investor Day	Y 2015
Legg Mason Inc	LM US	8:00	Q4 2015 Earnings Call	Q4 2015
Eastman Chemical Co	EMN US	8:00	Q1 2015 Earnings Call	Q1 2015
Aon PLC	AON US	8:30	Q1 2015 Earnings Call	Q1 2015
Chevron Corp	CVX US	8:30	Q1 2015 Earnings Release	Q1 2015	0.793
Clorox Co/The	CLX US	8:30	Q3 2015 Earnings Release	Q3 2015	1.094
CVS Health Corp	CVS US	8:30	Q1 2015 Earnings Call	Q1 2015
Newell Rubbermaid Inc	NWL US	8:30	Q1 2015 Earnings Call	Q1 2015
VF Corp	VFC US	8:30	Q1 2015 Earnings Call	Q1 2015
Leggett & Platt Inc	LEG US	9:00	Q1 2015 Earnings Call	Q1 2015
Yum! Brands Inc	YUM US	9:00	Annual General Meeting	Y 2015
FirstEnergy Corp	FE US	9:00	Q1 2015 Earnings Call	Q1 2015
Ford Motor Co	F US	9:15	April 2015 Sales and Revenue Release	2015
Alcoa Inc	AA US	9:30	Annual General Meeting	Y 2015
Equifax Inc	EFX US	9:30	Annual General Meeting
Duke Energy Corp	DUK US	10:00	Q1 2015 Earnings Call	Q1 2015
Ford Motor Co	F US	10:00	April 2015 Sales and Revenue Call	2015
Ryder System Inc	R US	10:00	Annual General Meeting
Weyerhaeuser Co	WY US	10:00	Q1 2015 Earnings Call	Q1 2015
Zoetis Inc	ZTS US	10:00	Annual General Meeting
Chevron Corp	CVX US	11:00	Q1 2015 Earnings Call	Q1 2015
Public Service Enterprise Group Inc	PEG US	11:00	Q1 2015 Earnings Call	Q1 2015
Flowserve Corp	FLS US	11:00	Q1 2015 Earnings Call	Q1 2015
eBay Inc	EBAY US	11:00	Annual General Meeting	Y 2015
Occidental Petroleum Corp	OXY US	11:30	Annual General Meeting
Moody's Corp	MCO US	11:30	Q1 2015 Earnings Call	Q1 2015
Pinnacle West Capital Corp	PNW US	12:00	Q1 2015 Earnings Call	Q1 2015
Public Storage	PSA US	12:00	Q1 2015 Earnings Call	Q1 2015
Apartment Investment & Management Co	AIV US	13:00	Q1 2015 Earnings Call	Q1 2015
Clorox Co/The	CLX US	13:30	Q3 2015 Earnings Call	Q3 2015
Berkshire Hathaway Inc	BRK/A US		Q1 2015 Earnings Release	Q1 2015	2372.75
Walt Disney Co/The	DIS US		U.S. Box Office Release of Movie Avengers: Age of Ultron""
Integrys Energy Group Inc	TEG US		Q1 2015 Earnings Release	Q1 2015	1.82
Allegheny Technologies Inc	ATI US		Annual General Meeting

BARCHART MORNING CALL 3/30

BARCHART MORNING CALL

Monday, March 30th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM15 +0.51%) this morning are up +0.46% and European stocks are up +1.20% on the prospects for China to expand its stimulus measures after China's central bank said the government can do more to support growth. Another positive for European stocks was the larger-than-expected increase in Eurozone Mar economic confidence to the highest in 3-1/2 years. Asian stocks closed mostly higher: Japan +0.65%, Hong Kong +1.51%, China +2.93%, Taiwan +0.19%, Australia -1.25%, Singapore +0.12%, South Korea +0.22%, India +1.88%. China's Shanghai Index surged nearly 3% to a 7-year high after the head of the PBOC, Zhou Xiaochuan, said that China's growth rate has tumbled "a bit" too much, and that policy makers have room to act with both interest rates and "quantitative" measures, which bolstered speculation that China will boost stimulus measures. Commodity prices are mostly lower. May crude oil (CLK15 -1.35%) is down -2.07% on speculation a potential nuclear deal between Iran and Western nations may end sanctions against Iran and lead to increased Iranian crude exports that may exacerbate a global supply glut. May gasoline (RBK15 -0.84%) is down -1.24%. Apr gold (GCJ15 -1.38%) is down -1.20%. May copper (HGK15 +0.31%) is up +0.33%. Agriculture prices are mixed. The dollar index (DXY00 +0.56%) is up +0.53%. EUR/USD (^EURUSD) is down -0.47%. USD/JPY (^USDJPY) is up +0.51%. Jun T-note prices (ZNM15 -0.07%) are down -2.5 ticks.
The Eurozone Mar business climate indicator rose +0.14 to 0.23, stronger than expectations of +0.11 to 0.18 and matched the November 2014 reading as the highest in 9 months. Mar economic confidence rose +1.6 to 103.9, stronger than expectations of +0.9 to 103.0 and the highest in 3-1/2 years.
UK Feb mortgage approvals rose 61,800, stronger than expectations of 61,500 and the most in 6 months.
UK Feb net consumer credit rose +0.7 billion pounds, less than expectations of +0.9 billion pounds.
Japan Feb industrial production fell -3.4% m/m and -2.6% y/y, weaker than expectations of -1.9% m/m and -0.6% y/y.

U.S. STOCK PREVIEW

Key news today includes (1) today's deadline for Greece to submit a list of sufficent reforms to Eurozone finance ministers to qualify for frozen bailout money and avoid a new default, (2) oil prices ahead of tomorrow's deadline for a political agreement on the Iran nuclear talks, (3) today's Feb personal income report (expected +0.3%) and spending report (expected +0.2%), (4) today's Feb PCE deflator report (expected +0.3% y/y vs +0.2% in Jan) and Feb core PCE deflator report (expected unchanged from Jan at +1.3%), (4) today's Feb pending home sales report (expected +0.4% m/m), (5) today's Mar Dallas Fed manufacturing activity index (expected +2.2 to -9.0), and (6) Fed Vice Chairman Stanley Fischer's keynote address at the Atlanta Fed’s conference on “Central Banking in the Shadows: Monetary Policy and Financial Stability Post Crisis.”
There is one of the Russell 1000 companies that reports earnings today: American Realty Capital Properties (consensus $0.23).
There are no U.S. IPOs that are scheduled to price or begin trading today.
Equity conferences this week include: Bank of America Merrill Lynch New York Auto Summit on Wed, DUG Bakken and Niobrara Unconventional Oil Conference on Wed, Mitsubishi UFJ Financial Utilities Conference on Wed, New York Interational Auto Show-Press Days on Wed, and Goldman Sachs Biosimilars Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Nike (NKE +0.55%) was upgraded to 'Outperform' from 'Neutral' at RW Baird.
Genesco (GCO +0.49%) was downgraded to 'Neutral' from 'Outperform' at RW Baird
BHP Billiton (BHP -1.98%) was upgraded to 'Outperformer' from 'Sector Performer' at CIBC.
Western Union (WU +1.60%) was upgraded to 'Buy' from 'Hold' at Evercore ISI.
Xilinx (XLNX +5.85%) was downgraded to 'Equal Weight' from 'Overweight' at Morgan Stanley.
Madison Square Garden (MSG +1.55%) was upgraded to 'Buy' from 'Hold' at Topeka.
Horizon Pharma (HZNP +3.27%) will acquire Hyperion Therapeutics (HPTX -1.88%) for $46.00 per share, or $1.1 billion on a fully diluted basis.
Restoration Hardware (RH +4.06%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Barclays upgraded Analog Devices (ADI +2.47%) to 'Overweight' from 'Equal Weight' saying it believes the chip maker has secured multiple socket wins in Apple's iPhone and iPad.
Altera (ALTR +28.37%) is up over 3% in pre-market trading on carry-over support from Friday's 28% surge in the stock amid reports that Intel is in negotiations to acquire the company.
Realty Income (O -0.37%) will replace Windstream (WIN -5.10%) in the S&P 500 as the close of trading on April 6.
Fitch Ratings downgraded Greece's Long-term foreign and local currency Issuer Default Ratings to 'CCC' from 'B.'
Enterprise Partners reported a 8.3% passive stake in Celladon (CLDN +2.88%) .

MARKET COMMENTS

Jun E-mini S&Ps (ESM15 +0.51%) this morning are up +9.50 points (+0.46%). Friday's closes: S&P 500 +0.24%, Dow Jones +0.19%, Nasdaq +0.41%. The U.S. stock market closed higher on Friday on the stronger-than-expected +1.8 point increase to 93.0 in the final-March U.S. consumer confidence index from the University of Michigan and the rally in tech stocks sparked by the news that Intel is in talks to acquire Altera. Stock market gains were limited by disappointment that U.S. Q4 GDP was left unrevised at +2.2% versus expectations for an upward revision to +2.4%.
Jun 10-year T-notes (ZNM15 -0.07%) this morning are down -2.5 ticks. Friday's closes: TYM5 +14.50, FVM5 +9.00. T-note prices rallied on Friday due to reduced inflation expectations sparked by the plunge in crude oil prices and the unrevised Q4 GDP report of +2.2% that suggests the Fed will to slow to raise interest rates.
The dollar index (DXY00 +0.56%) this morning is up +0.520 (+0.53%). EUR/USD (^EURUSD) is down -0.0051 (-0.47%). USD/JPY (^USDJPY) is up +0.61 (+0.51%). Friday's closes: Dollar index -0.145 (-0.15%), EUR/USD +0.005 (+0.05%), USD/JPY -0.06 (-0.05%). The dollar index on Friday closed mildly lower after the unrevised U.S. Q4 GDP report of +2.2% sparked ideas that the Fed may delay an interest rate hike. The dollar received some underlying support from the stronger-than-expected U.S. Mar University of Michigan consumer sentiment report.
May WTI crude oil (CLK15 -1.35%) this morning is down -$1.01 a barrel (-2.07%) and May gasoline (RBK15 -0.84%) is down -0.0222 (-1.24%). Friday's closes: CLK5 -2.56 (-4.98), RBK5 -0.0877 (-4.66%). May crude oil and gasoline prices on Friday fell sharply on the possibility for an Iranian nuclear agreement and on ideas that Saudi Arabia's military involvement in Yemen may actually reduce the chances of oil disruptions in the Middle East.

GLOBAL EVENT CALENDAR03/30/2015

US	0830 ET	Feb personal spending expected +0.2%, Jan -0.2%. Feb personal income expected +0.3%, Jan +0.3%.
	0830 ET	Feb PCE deflator expected +0.2% m/m and +0.3% y/y, Jan -0.5% m/m and +0.2% y/y. Feb core PCE deflator expected +0.1% m/m and +1.3% y/y, Jan +0.1% m/m and +1.3% y/y.
	1000 ET	Feb pending home sales expected +0.4% m/m and +8.7% y/y, Jan +1.7% m/m and +6.5% y/y.
	1030 ET	Mar Dallas Fed manufacturing activity expected +2.2 to -9.0, Feb -6.8 to -11.2.
	1100 ET	USDA weekly grain export inspections.
	1915 ET	Fed Vice Chairman Stanley Fischer delivers keynote address at the Atlanta Feds conference on Central Banking in the Shadows: Monetary Policy and Financial Stability Post Crisis.
UK	0430 ET	UK Feb net consumer credit expected +0.9 billion pounds, Jan +0.8 billion pounds.
	0430 ET	UK Feb mortgage approvals expected 61,500, Jan 60,800.
	0430 ET	UK Feb M4 money supply, Jan -0.8% m/m and -2.2% y/y.
	1905 ET	UK Mar GfK consumer confidence expected +1 to 2, Feb 1.
EUR	0500 ET	Eurozone Mar business climate indicator expected +0.11 to 0.18, Feb 0.07. Mar economic confidence expected +0.9 to 103.0, Feb 102.1.
	0500 ET	Revised Eurozone Mar consumer confidence, previous +3.0 to -3.7.
GER	0800 ET	German Mar CPI (EU harmonized) expected +0.5% m/m and +0.1% y/y, Feb +1.0% m/m and -0.1% y/y.
JPN	2130 ET	Japan Feb labor cash earnings expected +0.8% y/y, Jan +1.3% y/y. Feb real cash earnings, Jan -1.5% y/y.

U.S. STOCK CALENDAR03/30/2015

Company	Ticker	Time	Event Description	Period	Estimate
American Realty Capital Properties Inc	ARCP US	10:00	Q4 2014 Earnings Call	Q4 2014
Mosaic Co/The	MOS US	18:00	Analyst Day - Day 1	Y 2015
Regeneron Pharmaceuticals Inc	REGN US		Eylea, diabetic retinopathy in patients with diabetic macular edema (DME)
Tahoe Resources Inc	THO CN		Shareholders Meeting	Y 2015
American Realty Capital Properties Inc	ARCP US		Q4 2014 Earnings Release	Q4 2014	0.233