5 All Time High Large Caps for Momentum Investors

This morning I wanted to find 5 Large Caps that hit All Time Highs that might be of interest to Momentum Investors.  I used Barchart to sort the All Time High Large Cap list first for the most frequent number of new highs in the last month, then again for technical buy signals of  80% or better.  Today's Watch List includes:

Brown Forman (BF.B), Veeva Systems (VEEV), Cerdicorp (BAP), Rollins (ROL) and Aon (AON)

Brown Forman (BF.B)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 25.13% in the last month
• Relative Strength Index 92.08
• Technical support level at 53.61
• Recently traded at 57.91 with a 50 day moving average of 47.85

Veeva Systems (VEEV)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 18.68% in the last month
• Relative Strength Index 75.85%
• Technical support level at 61.04
• Recently traded at 61.31 with a 50 day moving average of 52.83

Credicorp (BAP)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 13.58% in the last month
• Relative Strength Index 74.71%
• Technical support level at 172.47
• Recently traded at 173.67 with a 50 day moving average of 161.25

Rollins (ROL)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 4.69% in the last month
• Relative Strength Index 82.33%
• Technical support level at 41.75
• Recently traded at 42.48 with a 50 day moving average of 38.09

Aon (AON)

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 8.75% in the last month
• Relative Strength Index 84.73%
• Technical support level at 127.32
• Recently traded at 128.79 with a 50 day moving average of 120.71

MORNING CALL 2/10

Barchart Morning Call

Barchart.com - Fri Feb 10, 6:33AM CST

OVERNIGHT MARKETS AND NEWS

Mar E-mini S&Ps (ESH17 +0.10%) are up +0.07% at a new record nearest-futures high on optimism President Trump's pledge to overhaul business taxes will boost economic growth. Stocks also received a boost after Chinese trade data showed China's Jan exports and imports rose more than expected, a positive sign for the global economy. European stocks erased their gains and are down -0.33% as bank stocks sold-off on political risks from French presidential elections in April along with Greek debt concerns. Asian stocks settled higher: Japan +2.49%, Hong Kong +0.21%, China +0.42%, Taiwan +0.79%, Australia +0.99%, Singapore +0.66%, South Korea +0.36%, India +0.02%. China's Shanghai Composite posted a 1-3/4 month high on signs of strength in China's economy after China Jan exports rose +7.9% y/y, the biggest increase in nearly 2 years and China Jan imports rose +16.7% y/y, the largest gain in 4-years. Japan's Nikkei Stock Index climbed to a 2-week high as exporter stocks rallied on improved earnings prospects as USD/JPY moved up to a 1-week high.

The dollar index (DXY00 +0.21%) is up +0.11% at a 1-1/2 week high. EUR/USD (^EURUSD) is down -0.17% at a 1-1/2 week low. USD/JPY (^USDJPY) is up +0.18% at a 1-week high.

Mar 10-year T-note prices (ZNH17 -0.14%) are down -5 ticks.

Japan Jan PPI rose +0.6% m/m and +0.5% y/y, stronger than expectation of +0.2% m/m and unch y/y with e +0.5% y/y gain the largest year-on-year increase in 1-3/4 years.

The China Jan trade balance widened to a $51.35 billion surplus, larger than expectations of +$48.50 billion and the biggest surplus in a year. Jan exports rose +7.9% y/y, stronger than expectations of +3.2% y/y and the largest increase in 23 months. Jan imports climbed +16.7%, stronger than expectations of +10.0% y/y and the biggest increase in 4 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Jan import price index (expected +0.3% m/m and +3.3% y/y, Dec +0.4% m/m and +1.8% y/y), (2) preliminary-Feb University of Michigan U.S. consumer sentiment index (expected -0.5 to 98.0, Jan +0.3 to 98.5), (3) Jan monthly budget statement (expected +$45.0 billion, Dec -$27.5 billion), (4) President Trump and Japanese Prime Minister Abe meet in Washington.

Notable S&P 500 earnings reports today include: Interpublic (consensus $0.67), Ventas (1.02), Aon (2.49), CBRE Group (0.81).

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

Equity conferences: none.

OVERNIGHT U.S. STOCK MOVERS

Activision Blizzard (ATVI +1.38%) jumped 10% in after-hours trading after it reported Q4 adjusted EPS of 92 cents, well above consensus of 73 cents, and its board authorized a $1 billion stock buyback over the next two years.

CyberArk Software Ltd (CYBR +2.90%) dropped over 3% in after-hours trading after it said it sees full-year EPS of $1.20-$1.24, weaker than consensus of $1.34.

Ellie Mae (ELLI -0.67%) climbed 5% in after-hours trading after it reported Q4 adjusted EPS of 57 cents, better than consensus of 49 cents.

VeriSign (VRSN -0.06%) gained 1% in after-hours trading after it reported Q4 adjusted EPS of 92 cents, higher than consensus of 88 cents.

Seattle Genetics (SGEN +2.11%) slid over 4% in after-hours trading after it said it sees 2017 revenue of $405 million-$445 million, below consensus of $490.5 million.

Columbia Sportswear ({=COLM =}) rose 4% in after-hours trading after it reported Q4 EPS of $1.20, above consensus of $1.10.

Monolithic Power Systems (MPWR -1.00%) slid nearly 7% in after-hours trading after it said Q4 revenue for consumer end market fell to $38 million from $38.6 million y/y, the first year-on-year decline in consumer revenue in over a year.

Trivago (TRVG +0.61%) jumped over 7% in after-hours trading after Expedia said Trivago's Q4 revenue surged +65% y/y to $183 million.

Yelp (YELP +0.19%) tumbled 9% in after-hours trading after it said it sees Q1 revenue of $195 million-$199 million, less than consensus of $204.4 million.

Cliffs Natural Resources (CLF +19.43%) fell 4% in after-hours trading after it announced an offering of 50-million common shares.

Hortonworks (HDP +2.83%) jumped 8% in after-hours trading after it said it sees 2017 GAAP revenue of $235 million-$240 million, above consensus of $234.8 million.

Regal Entertainment Group (RGC +1.16%) gained over 2% in after-hours trading after it reported Q4 adjusted EPS of 33 cents, higher than consensus of 26 cents.

MagnaChip Semiconductor (MX -2.96%) lost 3% in after-hours trading after it said it sees Q1 revenue of $157 million-$163 million, less than consensus of $166.5 million.

Control4 Corp. (CTRL +2.94%) rallied nearly 7% in after-hours trading after it reported Q4 adjusted EPS of 31 cents, better than consensus of 24 cents, and then said it sees 2017 adjusted EPS of 90 cents-98 cents, higher than consensus of 85 cents.

Radisys (RSYS +0.24%) sank nearly 15% in after-hours trading after it said it sees 2017 adjusted EPS of 7 cents-17 cents, below consensus of 25 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH17 +0.10%) this morning are up +1.50 points (+0.07%) at a new all-time nearest-futures high. Thursday's closes: S&P 500 +0.58%, Dow Jones +0.59%, Nasdaq +0.30%. The S&P 500 on Thursday posted a new all-time high and settled higher on an unexpected -12,000 decline in U.S. weekly initial unemployment claims to a 2-3/4 month low of 234,000 (versus expectations of +3,000 to 249,000) and on President Trump's comment that he will announce a "phenomenal" tax plan within weeks, which bolstered optimism his tax plans will boost economic growth.

Mar 10-year T-notes (ZNH17 -0.14%) this morning are down -5 ticks. Thursday's closes: TYH7 -14.00, FVH7 -8.50. Mar 10-year T-notes on Thursday closed lower on the -12,000 decline in initial unemployment claims to a 2-3/4 month low and on reduced safe-have demand with the rally in stocks to new record highs.

The dollar index (DXY00 +0.21%) this morning is up +0.11 (+0.11%) at a 1-1/2 week high. EUR/USD (^EURUSD) is down -0.0018 (-0.17%) at a 1-1/2 week low. USD/JPY (^USDJPY) is up +0.20 (+0.18%) at a 1-week high. Thursday's closes: Dollar index +0.37 (+0.37%), EUR/USD -0.0043 (-0.40%), USD/JPY +1.32 (+1.18%). The dollar index on Thursday closed higher on the unexpected decline in U.S. weekly jobless claims to a 2-3/4 month low, which bolsters the case for additional Fed rate hikes, and on optimism that the Trump administration will enact fiscal policies to boost economic growth after President Trump said he will announce a "phenomenal" tax plan within the next 2-3 weeks.

Mar WTI crude oil prices (CLH17 +1.25%) this morning are up +47 cents (+0.89%) and Mar gasoline (RBH17 +1.80%) is +0.0234 (+1.49%). Thursday's closes: Mar crude +0.6 (+1.26%), Mar gasoline +0.0020 (+0.13%). Mar crude oil and gasoline on Thursday closed higher on comments from Qatar Energy Minister Mohammed Al Sada who said OPEC may need to extend its output cuts into the second half of this year to re-balance the market. Gains in crude were limited due to a stronger dollar.

GLOBAL EVENT CALENDAR02/10/2017

		Friday, Feb 10
US	0830 ET	Jan import price index expected +0.3% m/m and +3.3% y/y, Dec +0.4% m/m and +1.8% y/y.
	1000 ET	Preliminary-Feb University of Michigan U.S. consumer sentiment index expected -0.5 to 98.0, Jan +0.3 to 98.5.
	1400 ET	Jan monthly budget statement expected +$45.0 billion, Dec -$27.5 billion.
	n/a	President Trump and Japanese Prime Minister Abe meet in Washington.
		Monday, Feb 13
US	1100 ET	USDA weekly grain export inspections.

U.S. STOCK CALENDAR02/10/2017

Company	Ticker	Time	Event Description	Period	Estimate
Interpublic Group of Cos	IPG US	Bf-Mkt	Q4 2016 Earnings Release	Q4 2016	0.665
Ventas Inc	VTR US	Bf-Mkt	Q4 2016 Earnings Release	Q4 2016	1.024
Aon PLC	AON US	6:30	Q4 2016 Earnings Release	Q4 2016	2.493
CBRE Group Inc	CBG US	6:59	Q4 2016 Earnings Release	Q4 2016	0.806
Aon PLC	AON US	8:30	Q4 2016 Earnings Call	Q4 2016
Interpublic Group of Cos	IPG US	8:30	Q4 2016 Earnings Call	Q4 2016
CBRE Group Inc	CBG US	8:30	Q4 2016 Earnings Call	Q4 2016
Ventas Inc	VTR US	10:00	Q4 2016 Earnings Call	Q4 2016
Mohawk Industries Inc	MHK US	11:00	Q4 2016 Earnings Call	Q4 2016
DENTSPLY SIRONA Inc	XRAY US		Q4 2016 Earnings Release	Q4 2016	0.652
Accenture PLC	ACN US		Annual General Meeting	Y 2017

BARCHART MORNING CALL 10/30

BARCHART MORNING CALL

Friday, October 30th, 2015View Older Reports

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

E-mail:  

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 +0.12%) are up +0.13 at a 2-1/4 month high as better-than-expected Q3 earnings results from Linkedin and Expedia gave stocks a boost, while European stocks are down -0.24% after German Sep retail sales came in weaker than expected. Also, European personal and household goods makers declined, led by a 5% fall in L'Oreal, after it reported weaker-than-expected quarterly sales. European stocks also fell after Eurozone Sep core CPI rose a more than expected +1.0% y/y, and the Eurozone Sep unemployment rate unexpectedly fell to a 3-1/2 year low, which may keep the ECB from expanding QE. Asian stocks settled mostly lower: Japan +0.78%, Hong Kong -0.79%, China -0.14%, Taiwan -0.20%, Australia -0.52%, Singapore -0.11%, South Korea +0.19%, India -0.68%. Japan's Nikkei Stock Index rose to a 2-1/4 month high after the Nikkei newspaper reported that the government may introduce additional budget measures if Japan Q3 GDP, due to be released on Nov 16, shows the economy needs aid. The BOJ refrained from expanding stimulus measures following today's 2-day policy meeting after BOJ Governor Kuroda and his fellow policy makers blamed the slide in oil prices for keeping inflation from reaching the BOJ's 2.0% target. The BOJ now expects inflation to rise to its target around the 6-month period through Mar 2017, 1 year later than a previous estimate of Mar 2016.

The dollar index (DXY00 -0.30%) is down -0.29%. EUR/USD (^EURUSD) is up +0.33% after Eurozone Oct core CPI rose more than expected and the Eurozone unemployment rate unexpectedly fell to a 3-1/2 year low, which reduces the chances that the ECB will boost QE. USD/JPY (^USDJPY) is down-0.63% as the yen strengthened after the BOJ refrained from expanding stimulus.

Dec T-note prices (ZNZ15 +0.10%) are up +4 ticks.

Eurozone Oct CPI was unch y/y, right on expectations. Oct core CPI rose +1.0% y/y, more than expectations of +0.9% y/y.

The Eurozone Sep unemployment rate unexpectedly fell -0.1 from a downward revised 10.9% in Aug to 10.8%, better than expectations of no change ay 11.0% and the lowest in 3-1/2 years.

German Sep retail sales were unch m/m and rose +3.4% y/y, weaker than expectations of +0.4% m/m and +4.1% y/y.

Japan Sep national CPI was unch y/y, right on expectations. Sep national CPI ex-fresh food fell -0.1% y/y, a smaller decline than expectations of -0.2% y/y. Sep national CPI ex food & energy rose +0.9% y/y, right on expectations and the fastest pace of increase in 6 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Q3 employment cost index (expected +0.6%, Q2 +0.2%), (2) Sep personal spending (expected +0.2%, Aug +0.4%) and Sep personal income (expected +0.2%, Aug +0.3%), (3) Sep PCE deflator (expected -0.1% m/m and +0.2% y/y, Aug unch m/m and +0.3% y/y) and Sep PCE core deflator (expected +0.2% m/m and +1.4% y/y, Aug +0.1% m/m and +1.3% y/y), (4) Oct Milwaukee ISM (expected +4.56 to 44.00, Sep -8.23 to 39.44), (5) Oct Chicago PMI (expected +0.8 to 49.5, Sep -5.7 to 48.7), (6) San Francisco Fed President John Williams's speech at an event at the Brookings Institute on the natural rate of interest and the economy’s trend growth rate, and (7) final-Oct U.S. consumer sentiment index from the University of Michigan (expected +0.4 to 92.5, prelim-Oct +4.9 to 92.1).

There are 21 of the S&P 500 companies that report earnings today with notable reports including: Exxon (consensus $0.89), Chevron (0.76), Moody's (1.06), AbbVie (1.08).

U.S. IPO's scheduled to price today: Ardelyx (ARDX), Innovation Economy (MYIE).

Equity conferences during the remainder of this week include: none.

OVERNIGHT U.S. STOCK MOVERS

Weyerhaeuser (WY -0.38%) reported Q3 EPS of 35 cents, higher than consensus of 25 cents.

Phillips 66 (PSX +1.81%) reported Q3 EPS of $3.02, well above consensus of $2.25.

Valeant Pharmaceuticals International (VRX -4.70%) slid 7% in pre-market trading after Phildor RX Services LLC, a pharmacy that fills prescriptions for Valeant, was said to have altered doctors' prescriptions in order to get more reimbursements out of insurers.

Linkedin (LNKD +1.78%) surged 13% in pre-market trading after it reported Q3 adjusted EPS of 78 cents, well ahead of consensus of 45 cents, and then raised guidance on fiscal 2015 EPS to $2.63 from a previous estimate of $2.19, higher than consensus of $2.23.

Live Nation (LYV -1.10%) jumped over 7% in after-hours trading after it reported Q3 adjusted EPS of 44 cents, better than consensus of 43 cents.

Starbucks (SBUX -1.59%) fell over 1% in after-hours trading after it said it sees Q1 EPS of 44 cents-45 cents, below consensus of 47 cents, and said it sees revenue growth of 10% on a 52-week basis, below consensus of 12%.

Expedia (EXPE +1.00%) rose 7% in after-hours trading after it reported Q3 adjusted EPS of $2.07, better than consensus of $2.02.

Fluor (FLR -1.42%) dropped over 1% in after-hours trading after it lowered guidance on fiscal 2016 EPS to $3.50-$4.00, below consensus of $4.07.

Genworth Financial (GNW -0.95%) slumped over 12% in after-hours trading after it reported Q3 operating EPS of 13 cents, weaker than consensus of 22 cents.

Solarcity (SCTY -0.70%) tumbled over 15% in after-hours trading after it reported a Q3 EPS loss of -$2.10, a wider loss than consensus of -$1.91.

Lending Club (LC -2.71%) climbed over 5% in after-hours trading after it reported Q3 adjusted EPS of 4 cents, double consensus of 2 cents, and then raised guidance on fiscal 2015 operating revenue to $420 million-$422 million from a previous estimate of $405 million-$409 million, above consensus of $408.5 million.

Fiesta Restaurant Group (FRGI -3.79%) dropped nearly 7% in after-hours trading after it reported Q3 adjusted EPS of 33 cents, below consensus of 37 cents.

Deckers Outdoor (DECK -0.44%) jumped over 10% in after-hours trading after it reported Q2 EPS of $1.11, higher than consensus of $1.06, and then raised guidance on fiscal 2015 EPS to $5.18 from a July estimate of $5.15, above consensus of $5.14.

YRC Worldwide (YRCW +3.13%) surged over 15% in after-hours trading after it reported Q3 EPS of 61 cents, nearly double consensus of 31 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 +0.12%) this morning are up +2.75 points (+0.13%) at a fresh 2-1/4 month high. Thursday's closes: S&P 500 -0.04%, Dow Jones-0.13%, Nasdaq -0.17%. The S&P 500 on Thursday closed slightly lower on the +1.5% increase in U.S. Q3 GDP (weaker than expectations of +1.6%) and the unexpected -2.3% m/m decline in U.S. Sep pending home sales (weaker than expectations of +1.0% m/m and the biggest decline in 1-3/4 years).

Dec 10-year T-notes (ZNZ15 +0.10%) this morning are up +4 ticks. Thursday's closes: TYZ5 -19.00, FVZ5 -8.75. Dec T-notes on Thursday tumbled to a 1-month low and closed lower on negative carryover from Wednesday's post-FOMC meeting statement that left open the possibility of an interest rate increase at the Dec FOMC meeting.

The dollar index (DXY00 -0.30%) this morning is down -0.282 (-0.29%). EUR/USD (^EURUSD) is up +0.0036 (+0.33%). USD/JPY (^USDJPY) is down-0.76 (-0.63%). Thursday's closes: Dollar Index -0.500 (-0.51%), EUR/USD +0.0054 (+0.49%), USD/JPY +0.04 (+0.03%). The dollar index on Thursday closed lower on the weaker-than-expected U.S Q3 GDP and Sep pending home sales reports, which may further delay an Fed interest rate increase. In addition, there was strength in EUR/USD after Eurozone Oct economic confidence unexpectedly rose +0.3 to a 4-1/2 year high of 105.9, and after German Oct CPI rose +0.2% y/y, stronger than expectations of unch y/y, which reduces the chances of the ECB expanding QE.

Dec crude oil (CLZ15 +0.35%) this morning is up +19 cents (+0.41%) and Dec gasoline (RBZ15 +1.09%) is up +0.0188 (+1.40%). Thursday's closes: CLZ5-0.19 (-0.41%), RBZ5 +0.0017 (+0.13%). Dec crude oil and gasoline prices on Thursday settled mixed with Dec gasoline at a 2-week high. Crude oil and gasoline prices received a boost from a weaker dollar and expectations that refinery utilization rates will increase, and refinery demand for crude will climb, now that refineries are nearly finished with their seasonal maintenance. Negative factors included the weaker-than-expected U.S. Q3 GDP and Sep pending home sales reports.

GLOBAL EVENT CALENDAR10/30/2015

US	0830 ET	Q3 employment cost index expected +0.6%, Q2 +0.2%.
	0830 ET	Sep personal spending expected +0.2%, Aug +0.4%. Sep personal income expected +0.2%, Aug +0.3%.
	0830 ET	Sep PCE deflator expected -0.1% m/m and +0.2% y/y, Aug unch m/m and +0.3% y/y. Sep PCE core deflator expected +0.2% m/m and +1.4% y/y, Aug +0.1% m/m and +1.3% y/y.
	0900 ET	Oct Milwaukee ISM expected +4.56 to 44.00, Sep -8.23 to 39.44.
	0945 ET	Oct Chicago PMI expected +0.7 to 49.4, Sep -5.7 to 48.7.
	1000 ET	San Francisco Fed President John Williams speaks at an event at the Brookings Institute on the natural rate of interest and the economys trend growth rate.
	1000 ET	Final-Oct U.S. consumer sentiment index (University of Michigan) expected +0.4 to 92.5, prelim-Oct +4.9 to 92.1.
JPN	0000 ET	Japan Sep vehicle production, Aug -4.7% y/y.
	0100 ET	Japan Sep housing starts expected +5.8% y/y to 936,000 annualized, Aug +8.8% y/y to 931,000 annualized.
	0100 ET	Japan Sep construction orders, Aug -15.6% y/y.
	n/a	BOJ announces interest rate decision.
GER	0300 ET	German Sep retail sales expected +0.4% m/m and +4.1% y/y, Aug -0.6% m/m and +2.5% y/y.
UK	0530 ET	UK Oct Lloyds business barometer, Sep 42.
EUR	0600 ET	Eurozone Sep unemployment rate expected unch at 11.0%.
	0600 ET	Eurozone Oct CPI estimate expected unch y/y, Sep -0.1% y/y. Oct core CPI expected +0.9% y/y, Sep +0.9% y/y.

U.S. STOCK CALENDAR10/30/2015

Company	Ticker	Time	Event Description	Period	Estimate
Aon PLC	AON US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.24
Chevron Corp	CVX US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.758
Colgate-Palmolive Co	CL US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.721
Eaton Corp PLC	ETN US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.967
Mylan NV	MYL US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.376
Newell Rubbermaid Inc	NWL US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.613
Exelon Corp	EXC US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.707
Pinnacle West Capital Corp	PNW US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	2.318
Weyerhaeuser Co	WY US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.247
Welltower Inc	HCN US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.1
Iron Mountain Inc	IRM US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.495
Moody's Corp	MCO US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.06
Seagate Technology PLC	STX US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.488
AbbVie Inc	ABBV US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.081
Legg Mason Inc	LM US	7:00	Q2 2016 Earnings Release	Q2 2016	0.663
CVS Health Corp	CVS US	7:00	Q3 2015 Earnings Release	Q3 2015	1.29
Phillips 66	PSX US	7:00	Q3 2015 Earnings Release	Q3 2015	2.251
Public Service Enterprise Group Inc	PEG US	7:30	Q3 2015 Earnings Release	Q3 2015	0.811
Rockwell Collins Inc	COL US	7:30	Q4 2015 Earnings Release	Q4 2015	1.401
Exxon Mobil Corp	XOM US	8:00	Q3 2015 Earnings Release	Q3 2015	0.886
Legg Mason Inc	LM US	8:00	Q2 2016 Earnings Call	Q2 2016
Eastman Chemical Co	EMN US	8:00	Q3 2015 Earnings Call	Q3 2015
Genworth Financial Inc	GNW US	8:00	Q3 2015 Earnings Call	Q3 2015
Aon PLC	AON US	8:30	Q3 2015 Earnings Call	Q3 2015
Ford Motor Co	F US	8:30	Investor Day	Y 2015
CVS Health Corp	CVS US	8:30	Q3 2015 Earnings Call	Q3 2015
Newell Rubbermaid Inc	NWL US	8:30	Q3 2015 Earnings Call	Q3 2015
Iron Mountain Inc	IRM US	8:30	Q3 2015 Earnings Call	Q3 2015
American Tower Corp	AMT US	8:30	Q3 2015 Earnings Call	Q3 2015
Leggett & Platt Inc	LEG US	9:00	Q3 2015 Earnings Call	Q3 2015
Rockwell Collins Inc	COL US	9:00	Q4 2015 Earnings Call	Q4 2015
Seagate Technology PLC	STX US	9:00	Q1 2016 Earnings Call	Q1 2016
AbbVie Inc	ABBV US	9:00	Q3 2015 Earnings Call	Q3 2015
Exxon Mobil Corp	XOM US	9:30	Q3 2015 Earnings Call	Q3 2015
Eaton Corp PLC	ETN US	10:00	Q3 2015 Earnings Call	Q3 2015
Mylan NV	MYL US	10:00	Q3 2015 Earnings Call	Q3 2015
Weyerhaeuser Co	WY US	10:00	Q3 2015 Earnings Call	Q3 2015
Welltower Inc	HCN US	10:00	Q3 2015 Earnings Call	Q3 2015
Boston Properties Inc	BXP US	10:00	Q3 2015 Earnings Call	Q3 2015
FirstEnergy Corp	FE US	10:00	Q3 2015 Earnings Call	Q3 2015
Chevron Corp	CVX US	11:00	Q3 2015 Earnings Call	Q3 2015
Colgate-Palmolive Co	CL US	11:00	Q3 2015 Earnings Call	Q3 2015
Exelon Corp	EXC US	11:00	Q3 2015 Earnings Call	Q3 2015
Public Service Enterprise Group Inc	PEG US	11:00	Q3 2015 Earnings Call	Q3 2015
Flowserve Corp	FLS US	11:00	Q3 2015 Earnings Call	Q3 2015
Moody's Corp	MCO US	11:30	Q3 2015 Earnings Call	Q3 2015
Pinnacle West Capital Corp	PNW US	12:00	Q3 2015 Earnings Call	Q3 2015
Phillips 66	PSX US	12:00	Q3 2015 Earnings Call	Q3 2015
Essex Property Trust Inc	ESS US	14:00	Q3 2015 Earnings Call	Q3 2015
Microchip Technology Inc	MCHP US		Q2 2016 Earnings Release	Q2 2016	0.629

BARCHART MORING CALL 7/31

BARCHART MORNING CALL

Friday, July 31st, 2015View Older Reports

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

E-mail:

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU15 -0.20%) this morning are trading slightly lower by -2.50 points (-0.12%) on negative carry-over from this morning's slightly lower trade in European stocks with the EuroStoxx 50 index down -0.08%. In addition, the Shanghai Composite index today closed -1.13% and lower commodity prices are hurting commodity producer stocks. The markets remain worried about China and a Fed rate hike later this year. On the more positive side, the MSCI Emerging Markets Index is up +0.3% this morning.
Asian stocks today closed mostly higher: Japan +0.30%, Hong Kong +0.56%, China -1.13%, Taiwan +0.16%, Australia +0.52%, Singapore -1.45%, South Korea +0.28%, India +1.48%, Turkey +0.92%.
The dollar index (DXY00 -0.21%) this morning is down -0.291 (-0.30%) while EUR/USD (^EURUSD) is up +0.0041 (+0.38%) and USD/JPY (^USDJPY) is up +0.13 (+0.10%). Sep 10-year T-note prices (ZNU15 -0.05%) this morning are down -2.5 ticks since global stocks are generally stable this morning.
Commodity prices this morning are down by -0.33% on average. Sep crude oil (CLU15 -1.77%) this morning is down -0.91 (-1.88%) and Sep gasoline (RBU15 +0.06%) is down -0.0027 (-0.15%) as bearish sentiment prevails. Metals prices this morning are trading lower with Aug gold (GCQ15 -0.74%) down -8.5 (-0.78%), Sep silver (SIU15 -1.16%) down -0.161 (-1.10%), and Sep copper (HGU15 -0.63%) down -0.016 (-0.65%). Grains are steady to higher. Softs are mixed.
The Russian central bank today cut its key rate by 50 bp to 11.0%, in line with most market forecasts. Today's rate cut was the fifth this year. The Russian bank was able to slowly cut the rate this year, which was raised sharply late last year to as high as 17% when U.S. and European sanctions over Ukraine caused the ruble to plunge. The market consensus is that the Russian economy this year will fall by -3.5% but then recover to +0.5% in 2016 and +1.3% in 2017.
Greek Prime Minister Tsipras managed to delay a Syriza party congress until September, which should come after his government signs off on a 3-year bailout program some time in August. Members in his Syriza party who are opposed to the bailout had hoped to hold a party congress as early as this weekend, which could have led to a split in the party and could have forced new elections. The outcome is favorable for the markets since it suggests that Ms. Tsipras should be able to push the 3-year bailout through the Greek parliament before new elections are held, likely this autumn.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Key U.S. reports today include: (1) Q2 employment cost index (expected +0.6% after Q1's +0.7%), (2) Jul Milwaukee ISM (expected +3.45 to 50.00, Jun -1.15 to 46.55), (3) Jul Chicago PMI (expected +1.4 to 50.8, Jun +3.2 to 49.4), and (4) final-July U.S. consumer sentiment from the University of Michigan (expected +0.7 to 94.0, prelim-Jul -2.8 to 93.3).
There are 13 of the S&P 500 companies that report earnings today with notable reports including: Exxon Mobil (consensus $1.11), Chevron (1.16), Phillips 66 (1.81), Bershire Hathaway (3038), Aon (1.30), Tyco (0.55), Royal Caribbean (0.72).
U.S. IPO's scheduled to price today include: Ardelyx (ARDX), Accelerize (ACLZ), NovaBay Pharma (NBY).
Equity conferences this week: none.

Sep E-mini S&Ps this morning are trading slightly lower by -2.50 points (-0.12%) on negative carry-over from this morning's slightly lower -0.08% trade in European stocks and today's -1.13% sell-off in Chinese stocks. Thursday's closes: S&P 500 unchanged, Dow Jones -0.03%, Nasdaq +0.33%. The S&P 500 on Thursday closed little changed, finding support from general optimism about Q2 earnings as about three-quarters of reporting SPX companies have surprised to the upside, and from relief that the Chinese stock market appears to be holding and has not fallen below Monday’s lows. However, factors causing downward pressure yesterday included the slightly weaker-than-expected U.S. Q2 GDP report of +2.3% (vs expectations of +2.5%) and a -4% decline in Procter & Gamble and -1.8% decline in Facebook on negative earnings news.

OVERNIGHT U.S. STOCK MOVERS

• SPX earnings reports this morning have all been positive thus far: Weyerhaeuser (WY +0.53%) (0.26 vs 0.20 consensus), Tyco (TYC +0.38%) (0.59 vs 0.56), Aon (AON +0.06%) (1.31 vs 1.29), Newell Rubbermaid (NWL +1.16%) (0.64 vs 0.62), Legg Mason (LM +1.16%) (0.84 vs 0.83).
• Amgen (AMGN +0.13%) is up +1% in pre-market trading after reporting favorable earnings of 2.57 (vs 2.43).
• LinkedIn (LNKD -2.09%) fell 4% as concerns arose about slowing core growth.
• SPX earnings reports late yesterday afternoon were mostly positive: Electronic Arts (EA +0.17%) (0.15 vs 0.03), Western Union (WU -0.11%) (0.41 vs 0.39), Apartment Investment (AIV -0.53%) (0.56 vs 0.54), Hanesbrands (HBI +1.19%) (0.50 vs 0.499), Flowserve (FLS +0.28%) (0.80 vs 0.79), Eversource Energy (ES +0.99%) (0.66 vs 0.56), KLA-Tencor (KLAC +0.62%) (0.99 vs 0.92), FirstEnergy (FE +1.07%) (0.53 vs 0.47), PerkinElmer (PKI +1.32%) (0.60 vs 0.59), Expedia (EXPE +0.69%) (1.02 vs 0.87), Universal Health Services (UHS -0.61%) (1.85 vs 1.65).
• Negative SPX earnings reports late yesterday included: Leggett & Platt (LEG +0.86%) (0.53 vs 0.538), Broadcom (BRCM -0.89%) (0.72 vs 0.75), Fluor (FLR +1.01%) (1.00 vs 1.06).

MARKET COMMENTS

Sep 10-year T-note prices this morning are down -2.5 ticks since global stocks are generally stable this morning. Thursday's closes: TYU5 +1, FVU5 -2.50. Sep 10-year T-notes on Thursday closed slightly higher on the sluggish stock market and on the slightly weaker-than-expected Q2 GDP report of +2.3%, which did not create any fresh pressure on the Fed to begin its rate-hike regime. T-notes continued to see some downward pressure from supply overhang as the Treasury sold 7-year T-notes to conclude this week’s $105 billion T-note package.
The dollar index this morning is down -0.291 (-0.30%) while EUR/USD is up +0.0041 (+0.38%) and USD/JPY is up +0.13 (+0.10%). Thursday's closes: Dollar Index +0.58 (+0.60%), EUR/USD -0.0052 (-0.47%), USD/JPY +0.20 (+0.16%). The dollar index on Thursday closed moderately higher on technical buying, continued ideas that the Fed will tighten by year-end, and weakness in EUR/USD as the IMF said it will not join a Greek bailout unless the Eurozone provides debt relief and assurance of long-term debt sustainability.

GLOBAL EVENT CALENDAR07/31/2015

US	0830 ET	Q2 employment cost index expected +0.6%, Q1 +0.7%.
	0900 ET	Jul Milwaukee ISM expected +3.45 to 50.00, Jun -1.15 to 46.55.
	0945 ET	Jul Chicago PMI expected +1.4 to 50.8, Jun +3.2 to 49.4.
	1000 ET	Final-July U.S. consumer sentiment (University of Michigan) expected +0.7 to 94.0, prelim-Jul -2.8 to 93.3.
JPN	0100 ET	Japan Jun housing starts expected +3.0% y/y annualized to 913,000, May +5.8% y/y annualized to 912,000.
	0100 ET	Japan Jun construction orders, May -7.4% y/y.
GER	0200 ET	German Jun retail sales expected +0.1% m/m and +4.1% y/y, May +0.2% m/m and -0.4% y/y.
UK	0430 ET	UK Jul Lloyds business barometer, Jun 55.
EUR	0500 ET	Eurozone Jul CPI estimate expected +0.2% y/y, Jun +0.2% y/y. Jul CPI core expected +0.8% y/y, Jun +0.8% y/y.
	0500 ET	Eurozone Jun unemployment rate expected -0.1 to 11.0%, May 11.1%.
CHI	2100 ET	China Jul manufacturing PMI, Jun 50.2. Jul non-manufacturing PMI, Jun 53.8.

U.S. STOCK CALENDAR07/31/2015

Company	Ticker	Time	Event Description	Period	Estimate
Aon PLC	AON US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	1.295
Newell Rubbermaid Inc	NWL US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.623
Tyco International Plc	TYC US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.554
Weyerhaeuser Co	WY US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.198
Royal Caribbean Cruises Ltd	RCL US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.719
Ameren Corp	AEE US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.606
Seagate Technology PLC	STX US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.634
Legg Mason Inc	LM US	7:00	Q1 2016 Earnings Release	Q1 2016	0.83
Public Service Enterprise Group Inc	PEG US	7:30	Q2 2015 Earnings Release	Q2 2015	0.543
Exxon Mobil Corp	XOM US	8:00	Q2 2015 Earnings Release	Q2 2015	1.111
Legg Mason Inc	LM US	8:00	Q1 2016 Earnings Call	Q1 2016
Tyco International Plc	TYC US	8:00	Q3 2015 Earnings Call	Q3 2015
Phillips 66	PSX US	8:00	Q2 2015 Earnings Release	Q2 2015	1.814
Aon PLC	AON US	8:30	Q2 2015 Earnings Call	Q2 2015
Chevron Corp	CVX US	8:30	Q2 2015 Earnings Release	Q2 2015	1.158
Newell Rubbermaid Inc	NWL US	8:30	Q2 2015 Earnings Call	Q2 2015
Leggett & Platt Inc	LEG US	9:00	Q2 2015 Earnings Call	Q2 2015
Eversource Energy	ES US	9:00	Q2 2015 Earnings Call	Q2 2015
Universal Health Services Inc	UHS US	9:00	Q2 2015 Earnings Call	Q2 2015
Reynolds American Inc	RAI US	9:00	Investor Meeting - New York	Y 2015
Seagate Technology PLC	STX US	9:00	Q4 2015 Earnings Call	Q4 2015
Exxon Mobil Corp	XOM US	9:30	Q2 2015 Earnings Call	Q2 2015
Weyerhaeuser Co	WY US	10:00	Q2 2015 Earnings Call	Q2 2015
Royal Caribbean Cruises Ltd	RCL US	10:00	Q2 2015 Earnings Call	Q2 2015
FirstEnergy Corp	FE US	10:00	Q2 2015 Earnings Call	Q2 2015
Ameren Corp	AEE US	10:00	Q2 2015 Earnings Call	Q2 2015
Chevron Corp	CVX US	11:00	Q2 2015 Earnings Call	Q2 2015
Public Service Enterprise Group Inc	PEG US	11:00	Q2 2015 Earnings Call	Q2 2015
Flowserve Corp	FLS US	11:00	Q2 2015 Earnings Call	Q2 2015
Phillips 66	PSX US	12:00	Q2 2015 Earnings Call	Q2 2015
Apartment Investment & Management Co	AIV US	13:00	Q2 2015 Earnings Call	Q2 2015
Essex Property Trust Inc	ESS US	14:00	Q2 2015 Earnings Call	Q2 2015
Berkshire Hathaway Inc	BRK/A US		Q2 2015 Earnings Release	Q2 2015	3038.09