Showing posts with label CO. Show all posts
Showing posts with label CO. Show all posts

Tuesday, November 21, 2017

Morning Call 11/21

Barchart Morning Call

Barchart.com - 44 minutes ago
OVERNIGHT MARKETS AND NEWS
Dec E-mini S&Ps (ESZ17 +0.33%) this morning are up +0.23% and European stocks are up +0.39%. Better-than-expected Q3 earnings results from Lowe's pushed the stock up 3% in pre-market trading and helped lift the overall market. European stocks rose and the German 10-year bund yield fell to a 1-1/2 week low of 0.337% after Eurozone officials familiar with the matter said the ECB will take small, gradual steps next year as it moves to end its bond purchases next year. Asian stocks settled higher: Japan +0.70%, Hong Kong +1.91%, China +0.53%, Taiwan +1.08%, Australia +0.30%, Singapore +1.09%, South Korea +0.18%, India +0.36%. A rally Chinese financial stocks lifted the overall market on optimism that deleveraging efforts by the government will not be as strict as expected. Japanese stocks gained on optimism in the U.S. economic outlook after U.S. Oct leading indicators rose more than expected, which shows economic strength and should benefit Japanese exporters.

The dollar index (DXY00 +0.01%) is up +0.03%. EUR/USD (^EURUSD) is down -0.07%. USD/JPY (^USDJPY) is down -0.05%.
Dec 10-year T-note prices (ZNZ17 -0.01%) are up +0.5 of a tick.
According to Eurozone officials familiar with the matter, the ECB is likely to make small multiple adjustments in its guidance on monetary policy next year rather than any major change in language as it ends QE.
UK Oct public sector net borrowing rose +7.5 billion pounds, stronger than expectations of +6.5 billion pounds and the biggest increase in 6 months.
The UK Nov CBI trends total orders rose +19 to a 29-year high of 17, stronger than expectations of +5 to 3.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Oct Chicago Fed national activity index (expected +0.03 to 0.20, Sep +0.54 to +0.17), (2) Oct existing home sales (expected +0.2% to 5.40 million, Sep +0.7% to 5.39 million), (3) Treasury auctions $13 billion of 2-year floating-rate notes, (4) Fed Chair Janet Yellen speaks at New York University’s Stern Business School.
Notable Russell 1000 earnings reports today include: HP (consensus $0.44), salesforce.com (0.37), Burlington Stores (0.66), Eaton Vance (0.71), Dollar Tree (0.90), Medtronic (1.02), Lowe's (1.02), Analog Devices (1.36).
U.S. IPO's scheduled to price today: none.
Equity conferences this week: none.
OVERNIGHT U.S. STOCK MOVERS
Lowe's (LOW +1.55%) rose 3% in pre-market trading after it reported Q3 adjusted EPS of $1.05, better than consensus of $1.02.
Deere (DE +0.85%) was upgraded to 'Outperform' from 'Neutral' at Baird with a price target of $155.
T-Mobile (TMUS +0.47%) was upgraded to 'Buy' from 'Hold' at HSBC with a price target of $70.
Palo Alto Networks (PANW -0.13%) rose over 6% in after-hours trading after it reported Q1 adjusted EPS of 74 cents, higher than consensus of 68 cents, and then said it sees full-year adjusted EPS of $3.35 to $3.41, above consensus of $3.31.
Agilent Technologies (A +1.70%) lost nearly 5% in after-hours trading after it said it sees Q1 adjusted EPS of 55 cents=57 cents, weaker than consensus of 59 cents, and then said it sees full-year adjusted EPS of $2.50 to $2.56, below consensus of $2.59.
Black Knight (BKI +0.66%) fell 2% in after-hours trading after it announced a secondary offering of 5 million shares of common stock by affiliates of Thomas H. Lee Partners. L.P.
Planet Fitness (PLNT +0.23%) was initiated with a 'Buy' at D.A. Davidson with an 18-month target price of $42.
Comcast (CMCSA -0.91%) was initiated with a 'Buy' at Buckingham Research Group with a 12-month target price of $48.
Performance Food Group (PFGC +1.39%) lost more than 2% in after-hours trading after it announced a secondary offering of 5 million shares of common stock by an affiliate of Wellspring Capital Management.
Amtech Systems (ASYS +7.05%) rallied 13% in after-hours trading after it reported Q4 revenue of $54.7 million, above consensus of $46.9 million, and then said it sees Q1 revenue of $60 million-$70 million, better than consensus of $49.2 million.
China Cord Blood (CO +0.46%) climbed almost 4% in after-hours trading after it reported 2018 operating income was up +39.4% y/y to $11.5 million and that it added 23,647 new subscribers.
Vipshop Holdings Ltd (VIPS -5.42%) rose nearly 3% in after-hours trading after it reported Q3 revenue of $2.30 billion, higher than consensus of $2.28 billion,
Celsion (CLSN +7.00%) surged over 20% in after-hours trading after it was initiated with coverage at 'Outperform' at Oppenheimer with a 12-month target price of $9.
MARKET COMMENTS
Dec S&P 500 E-mini stock futures (ESZ17 +0.33%) this morning are up +6.00 points (+0.23%). Monday's closes: S&P 500 +0.13%, Dow Jones +0.31%, Nasdaq -0.09%. The S&P 500 on Monday closed higher on the +1.2% increase in U.S. Oct leading indicators index, stronger than expectations of +0.8% and the biggest increase in nearly 4 years. There was also strength in retail stocks ahead of this Friday's Black Friday shopping day, the kickoff of the holiday shopping season.
Dec 10-year T-note prices (ZNZ17 -0.01%) this morning are up +0.5 of a tick. Monday's closes: TYZ7 -7.00, FVZ7 -5.50. Dec 10-year T-notes on Monday closed lower on the stronger-than-expected U.S. Oct leading indicators index and on reduced safe-haven demand with the rally in stocks.
The dollar index (DXY00 +0.01%) this morning is up +0.024 (+0.03%). EUR/USD (^EURUSD) is down -0.0008 (-0.07%) and USD/JPY (^USDJPY) is down -0.06 (-0.05%). Monday's closes: Dollar Index +0.418 (+0.45%), EUR/USD -0.0057 (-0.48%), USD/JPY +0.52 (+0.46%). The dollar index on Monday closed higher on the stronger-than-expected U.S. Oct leading indicators index and on weakness in EUR/USD after ECB President Draghi said that "despite the firm economic recovery, inflation dynamics have yet to show convincing signs of a self-sustained upward trend."
Jan crude oil (CLF18 +0.41%) this morning is up +13 cents (+0.23%) and Jan gasoline (RBF18 +0.69%) is +0.0071 (+0.41%). Monday's closes: Jan WTI crude -0.29 (-0.51%), Jan gasoline -0.0064 (-0.37%). Jan crude oil and gasoline on Monday closed lower on a stronger dollar and on increased Iraq crude exports after JODI reported Iraq Sep crude exports rose +1.7% m/m and +17.6% y/y to 3.854 million bpd.
Metals prices this morning are higher with Dec gold (GCZ17 +0.19%) +2.8 (+0.22%), Dec silver (SIZ17 +0.67%) +0.098 (+0.58%) and Dec copper (HGZ17 +0.32%) +0.009 (+0.29%). Monday's closes: Dec gold -21.2 (-1.64%), Dec silver -0.531(-3.06%), Dec copper +0.0260 (+0.85%). Metals on Monday settled mixed. Metals prices were undercut by a stronger dollar and by the rally in stocks, which reduced safe-haven demand for precious metals. Copper closed higher on signs of tighter supplies after LME copper inventories fell -6,300 MT to a 2-1/4 month low of 241,400 MT.
GLOBAL EVENT CALENDAR11/21/2017
Tuesday, Nov 21
US0830 ETOct Chicago Fed national activity index expected +0.03 to 0.20, Sep +0.54 to +0.17.
1000 ETOct existing home sales expected +0.2% to 5.40 million, Sep +0.7% to 5.39 million.
1300 ETTreasury auctions $13 billion of 2-year floating-rate notes.
1800 ETFed Chair Janet Yellen speaks at New York Universitys Stern Business School.
Wednesday, Nov 22
US0700 ETWeekly MBA mortgage applications, previous +3.1% with purchase sub-index +0.4% and refi sub-index +6.3%.
0830 ETWeekly initial unemployment claims expected -9,000 to 240,000, previous +10,000 to 249,000. Weekly continuing claims expected +20,000 to 1.880 million, previous -44,000 to 1.860 million.
0830 ETOct durable goods orders expected +0.4% and +0.5% ex transportation, Sep +2.0% and +0.7% ex transportation. Oct capital goods orders nondefense ex-aircraft expected +0.6%, Sep +1.7%.
1000 ETUniversity of Michigan final-Nov U.S. consumer sentiment expected +0.2 to 98.0, prelim-Nov -2.9 to 97.8.
1030 ETEIA weekly Petroleum Status Report.
1100 ETTreasury announces amount of 2-year T-notes (previous $26 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Nov 27-28
1400 ETMinutes of the Oct 31-Nov 1 FOMC meeting.
1500 ETUSDA Oct Cold Storage.
U.S. STOCK CALENDAR11/21/2017
NameTickerTimeDescriptionPeriodEstimate
Hormel Foods CorpHRL USBef-mktQ4 2017 Earnings ReleaseQ4 170.396
Jacobs Engineering Group IncJEC USBef-mktQ4 2017 Earnings ReleaseQ4 170.823
Patterson Cos IncPDCO USBef-mktQ2 2018 Earnings ReleaseQ2 180.539
Campbell Soup CoCPB USBef-mktQ1 2018 Earnings ReleaseQ1 180.972
Lowe's Cos IncLOW US06:00Q3 2018 Earnings ReleaseQ3 181.023
Dollar Tree IncDLTR USBef-mktQ3 2018 Earnings ReleaseQ3 180.899
Burlington Stores IncBURL USBef-mktQ3 2018 Earnings ReleaseQ3 180.656
Medtronic PLCMDT US06:45Q2 2018 Earnings ReleaseQ2 181.022
Signet Jewelers LtdSIG US07:00Q3 2018 Earnings ReleaseQ3 180.133
Analog Devices IncADI US08:00Q4 2017 Earnings ReleaseQ4 171.364
Medtronic PLCMDT US08:00Q2 2018 Earnings CallQ2 18
Campbell Soup CoCPB US08:30Q1 2018 Earnings CallQ1 18
Signet Jewelers LtdSIG US08:30Q3 2018 Earnings CallQ3 18
Burlington Stores IncBURL US08:30Q3 2018 Earnings CallQ3 18
Eaton Vance CorpEV US09:00Q4 2017 Earnings ReleaseQ4 170.706
Lowe's Cos IncLOW US09:00Q3 2018 Earnings CallQ3 18
Dollar Tree IncDLTR US09:00Q3 2018 Earnings CallQ3 18
Hormel Foods CorpHRL US09:30Q4 2017 Earnings CallQ4 17
Analog Devices IncADI US10:00Q4 2017 Earnings CallQ4 17
Jacobs Engineering Group IncJEC US10:00Q4 2017 Earnings CallQ4 17
Patterson Cos IncPDCO US10:00Q2 2018 Earnings CallQ2 18
Westar Energy IncWR US11:00Extraordinary Shareholders Meeting - M&A Vote
Eaton Vance CorpEV US11:00Q4 2017 Earnings CallQ4 17
Great Plains Energy IncGXP USExtraordinary Shareholders Meeting - M&A Vote
Hewlett Packard Enterprise CoHPE USAft-mktQ4 2017 Earnings ReleaseQ4 170.282
GameStop CorpGME USAft-mktQ3 2018 Earnings ReleaseQ3 180.439
salesforce.com IncCRM USAft-mktQ3 2018 Earnings ReleaseQ3 180.365
Copart IncCPRT USAft-mktQ1 2018 Earnings ReleaseQ1 180.266
HP IncHPQ USAft-mktQ4 2017 Earnings ReleaseQ4 170.442
Hewlett Packard Enterprise CoHPE US16:30Q4 2017 Earnings CallQ4 17
GameStop CorpGME US17:00Q3 2018 Earnings CallQ3 18
salesforce.com IncCRM US17:00Q3 2018 Earnings CallQ3 18
HP IncHPQ US17:35Q4 2017 Earnings CallQ4 17
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Monday, July 3, 2017

China Cord Blood - Chart of the Day

China Cord Blood (CO) is the Barchart Chart of the Day.  The largest cord blood bank in China has a Trend Spotter buy signal, a Weighted Alpha of 76.50+ and gained 71.18% in the lasts year.

The Chart of the Day belongs to China Cord Blood (CO).  I found China's largest cord blood bank operator by using Barchart to sort today's All Time High list first by the highest Weighted Alpha, then again by technical buy signal of 80% or more.  Since the Trend Spotter signaled a buy on 3/24 the stock gained 60.71%.

China Cord Blood Corporation is the first and the largest cord blood banking operator in China in terms of geographical coverage and is the only cord blood bank operator with more than one license (i.e., Beijing and Guangdong). Under the current PRC government regulations, only one licensed cord blood bank operator is permitted to operate in each licensed region and only six licenses has been issued as of today. China Cord Blood Corporation collects umbilical cord blood stem cells from newborn babies, and provides laboratory testing, hematopoietic stem cell processing, and stem cell storage services.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

 Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 17.41% in the last month
  • Relative Strength Index 68.26%
  • Technical support level at 9.57
  • Recently traded at 9.98 with a 50 day moving average of 8.24
Fundamental factors:
  • Market Cap $692 million
  • P/E 40.35
  • Although Wall Street analysts have dropped their coverage of the stock the individual investors on Motley Fool voted 46 to 22 that the stock will beat the market
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Friday, January 22, 2016

MORNING CALL 1/22

MORNING CALL

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH16 +1.44%) are up sharply by +1.48% and European stocks are up +2.75% on speculation central banks around the world will act to support the global economy. ECB President Draghi on Thursday hinted at expanding stimulus at next month's ECB meeting, while the Nikkei Asian Review reported today that the BOJ is considering additional easing at next week's BOJ meeting. Energy producers and mining stocks are higher with Chevron and Freeport-McMoRan both up over 2% in pre-market trading as the price of crude oil and copper rallied. Asian stocks settled higher: +5.88%, Hong Kong +2.90%, China +1.25%, Taiwan +1.20%, Australia +1.07%, Singapore +1.75%, South Korea +2.23%, India +1.98%. Chinese stocks rallied on speculation of further stimulus by the PBOC after China's vice president Li Yuanchao said the government is willing to intervene to tap down market volatility, while Japanese stocks surged as the yen fell to a 1-week low against the dollar, which boosted exporters.
The dollar index is up +0.22%. EUR/USD is down -0.39%. USD/JPY is up +0.41% at a 1-week high as he rally in global equities reduces the safe-haven demand for the yen.
Mar T-note prices are down -14.5 ticks.
The Nikkei Asian Review reported that the BOJ is considering steps to counter the hit to inflation from the recent plunge in crude oil. The BOJ meets on Jan 28-29 and the report bolsters speculation the BOJ will expand easing measures.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Dec Chicago Fed national activity index (expected +0.15 to -0.15, Nov -0.13 to -0.30), (2) Markit preliminary-Jan U.S. manufacturing PMI (expected -0.2 to 51.0, Dec -1.6 to 51.2), (3) Dec existing home sales (expected +9.2% to 5.20 million, Nov -10.5% to 4.76 million), and (4) Dec leading indicators (expected -0.1%, Nov +0.4%).
There are 6 of the S&P 500 companies that report earnings today: GE (consensus $0.49), Kansas City Southern (1.10), SunTrust Banks (0.87), Synchrony Financial (0.63), Rockwell Collins (1.04), Legg Mason (0.70).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: none.






OVERNIGHT U.S. STOCK MOVERS
Schlumberger (SLB +0.64%) gained almost 4% in pre-market trading after it reported Q4 adjusted EPS of 65 cents, better than consensus of 63 cents.
MetLife (MET +1.16%) was upgraded to 'Strong Buy' from 'Market Perform' at Raymond James with a 12-month price target of $56.
Dr Pepper Snapple (DPS -0.28%) was upgraded to 'Ourperform' from 'Underperform' at CLSA.
Boeing (BA +1.03%) fell over 1% in after-hours trading after it said it will cut its 747 production rate to 0.5/month from a planned 1.0/month.
Starbucks (SBUX +3.71%) fell over 3% in after-hours trading after it reported Q1 revenue of $5.37 billion, below consensus of $5.39 billion.
Maxim Integrated (MXIM -0.42%) rose nearly 2% in after-hours trading after it reported fiscal year Q2 revenue of $510.8 million, above consensus of $505.1 million.
Intuitive Surgical (ISRG +0.19%) climbed almost 1% in after-hours trading after it reported Q4 adjusted EPS of $5.89, well above consensus of $5.04.
American Express (AXP -0.62%) slipped over 4% in after-hours trading after it said it is targeting 2017 fiscal EPS at least $5.60, less than estimates of $5.96.
ResMed (RMD +0.52%) rose over 1% in after-hours trading after it reported Q2 adjusted EPS of 69 cents, higher than consensus of 66 cents.
Digi International (DGII +0.48%) fell over 9% in after-hours trading after it lowered guidance on Q2 profit continuing operations to 3 cents-7 cents, below consensus of 9 cents.
E*Trade Financial (ETFC -0.12%) dropped nearly 3% in after-hours trading after it reported total Q4 net revenue of $454 million, below consensus of $454.5 million.
8x8 Inc. (EGHT +1.27%) jumped over 5% in after-hours trading after it reported Q3 adjusted EPS of 5 cents, higher than consensus of 3 cents.
Cardiovascular Systems (CSII -2.35%) slumped over 20% in after-hours trading after it lowered guidance on Q3 revenue to $40.5 million-$42.0 million, below consensus of $45.8 million.
MARKET COMMENTS
Mar E-mini S&Ps (ESH16 +1.44%) this morning are up sharply by +27.50 points (+1.48%). Thursday's closes: S&P 500 +0.52%, Dow Jones +0.74%, Nasdaq +0.15%. The S&P 500 on Thursday closed higher on strength in energy producers as crude oil prices rose and on carryover support from a rally in European equities after ECB President Draghi said that downside risks have increased and the ECB may need to boost stimulus measures at next month's policy meeting. On the bearish side, U.S. weekly jobless claims unexpectedly rose +10,000 to a 6-1/4 month high of 293,000, indicating a weaker labor market than expected.
Mar 10-year T-notes (ZNH16 -0.35%) this morning are down -14.5 ticks. Thursday's closes: TYH6 -6.50, FVH6 -2.00. Mar T-notes on Thursday closed lower on a rebound in stock prices that reduced safe-haven demand for T-notes. T-notes saw support from (1) carryover support from a rally in German bunds to a 2-3/4 month high after ECB President Draghi hinted at additional stimulus at next month's ECB meeting, and (2) the unexpected increase in U.S. weekly jobless claims to a 6-1/4 month high.
The dollar index (DXY00 +0.26%) this morning is up +0.214 (+0.22%). EUR/USD (^EURUSD) is down -0.0042 (-0.39%). USD/JPY (^USDJPY) is up +0.48 (+0.41%) at a 1-week high. Thursday's closes: Dollar Index -0.035 (-0.04%), EUR/USD -0.0016 (-0.15%), USD/JPY +0.76 (+0.65%). The dollar index on Thursday jumped to a 1-1/2 month high but fell back and closed little changed. The dollar received a boost as EUR/USD fell to a 2-week low on signs the ECB may expand stimulus after ECB President Draghi said that "downside risks have increased" and that the ECB will consider its options at next month's policy meeting. Meanwhile, USD/JPY saw some reduced safe-haven demand for the yen after the stock market rallied.
Mar crude oil (CLH16 +4.94%) this morning is up +$1.58 a barrel (+5.35%) and Mar gasoline (RBH16 +4.08%) is up +0.0477 (+4.52%). Thursday's closes: CLH6 +1.50 (+5.29%), RBH6 +0.0201 (+1.93%). Mar crude oil and gasoline on Thursday closed higher on comments from ECB President Draghi who said the ECB may bolster stimulus measures next month and on short-covering after crude oil prices plunged by over 22% in the past 2 weeks. Crude oil prices were undercut by the +3.98 million bbl increase in weekly EIA crude inventories, more than expectations of +2.5 million bbl, and the +4.563 million bbl increase in EIA gasoline supplies to a 15-3/4 year high of 245 million bbl.
GLOBAL EVENT CALENDAR01/22/2016
US0830 ETDec Chicago Fed national activity index expected +0.15 to -0.15, Nov -0.13 to -0.30.
0830 ETUSDA weekly Export Sales.
0945 ETPreliminary U.S. Jan Markit manufacturing PMI expected -0.2 to 51.0, Dec -1.6 to 51.2.
1000 ETDec existing home sales expected +9.2% to 5.20 million, Nov -10.5% to 4.76 million.
1000 ETDec leading indicators expected -0.1%, Nov +0.4%.
1500 ETUSDA Dec Cold Storage.
1500 ETUSDA Jan Cattle on Feed.
GER0330 ETGerman Jan Markit/BME manufacturing PMI expected -0.2 to 53.0, Dec 53.2.
0330 ETGerman Jan Markit services PMI expected -0.5 to 55.5, Dec 56.0.
EUR0400 ETEurozone Jan Markit manufacturing PMI expected -0.2 to 53.0, Dec 53.2. Jan Markit composite PMI expected 0.2 to54.1.
UK0430 ETUK Dec retail sales ex auto fuel expected -0.3% m/m and +3.5% y/y, Nov +1.7% m/m and +3.9% y/y.
0430 ETUK Dec retail sales including auto fuel expected -0.3% m/m and +4.4% y/y, Nov +1.7% m/m and +5.0% y/y.
0430 ETUK Dec public sector net borrowing expected +10.0 billion pounds, Nov +13.6 billion pounds.
U.S. STOCK CALENDAR01/22/2016

CompanyTickerTimeEvent DescriptionPeriodEstimate
General Electric CoGE USBef-mktQ4 2015 Earnings ReleaseQ4 20150.494
Kansas City SouthernKSU USBef-mktQ4 2015 Earnings ReleaseQ4 20151.101
SunTrust Banks IncSTI USBef-mktQ4 2015 Earnings ReleaseQ4 20150.867
Synchrony FinancialSYF USBef-mktQ4 2015 Earnings ReleaseQ4 20150.633
Rockwell Collins IncCOL US6:30Q1 2016 Earnings ReleaseQ1 20161.044
Legg Mason IncLM US7:00Q3 2016 Earnings ReleaseQ3 20160.7
SunTrust Banks IncSTI US8:00Q4 2015 Earnings CallQ4 2015
General Electric CoGE US8:30Q4 2015 Earnings CallQ4 2015
Legg Mason IncLM US8:30Q3 2016 Earnings CallQ3 2016
Synchrony FinancialSYF US8:30Q4 2015 Earnings CallQ4 2015
Kansas City SouthernKSU US8:45Q4 2015 Earnings CallQ4 2015
Schlumberger LtdSLB US9:00Q4 2015 Earnings CallQ4 2015
Rockwell Collins IncCOL US9:00Q1 2016 Earnings CallQ1 2016
Legg Mason IncLM USInvestor DayY 2016
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