Showing posts with label CVC. Show all posts
Showing posts with label CVC. Show all posts

Thursday, February 25, 2016

MORNING CALL 2/25

MORNING CALL
OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH16 +0.14%) are little changed, up +0.13%. Crude oil prices are down -0.47%, which has drug energy producers and service companies lower with Transocean Ltd. and Kinder Morgan both down at last 1.2% in pre-market trading. Also, a -6.41% plunge in China's Shanghai Composite to a 1-week low undercut stocks after a surge in money-market rates indicated tighter liquidity as China's overnight repurchase rate climbed 14 bp to 2.11%, the largest increase in almost 3 weeks. European stocks are up +1.81% after the Eurozone Jan CPI was revised lower, which bolsters the case for the ECB to expand stimulus when it meets next month. Asian stocks settled mixed: Japan +1.41%, Hong Kong -1.58%, China -6.41%, Taiwan +1.00%, Australia +0.13%, Singapore -0.63%, South Korea +0.20%, India -0.49%. U.S Treasury Secretary Lew said that G-20 finance ministers won't deliver an "emergency response" to the recent market turmoil when they meet in Shanghai for a 2-day meeting Friday and Saturday as we aren't in a crisis environment.
The dollar index (DXY00 -0.15%) is down -0.05%. EUR/USD (^EURUSD) is up +0.15%. USD/JPY (^USDJPY) is up +0.20%.
Mar T-note prices (ZNH16 +0.07%) are up +3 ticks.
St. Louis Fed President Bullard said there's "too much talk about negative interest rates" and that he doesn’t see recession risk rising in the U.S. He added, that the U.S Jan CPI report was "hot" and that he expects inflation expectations to stabilize.
The Eurozone Jan CPI was revised downward to +0.3% y/y from the originally reported +0.4% y/y. The Jan core CPI was left unchanged at +1.0% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Atlanta Fed President Dennis Lockhart's opening remarks at the Atlanta Fed’s 2016 Banking Outlook Conference, (2) weekly initial unemployment claims (expected +8,000 to 270,000, previous -7,000 to 262,000) and continuing claims (expected -20,000 to 2.253 million, previous +30,000 to 2.273 million), (3) Jan durable goods orders (expected +2.7% and +0.3% ex transportation, Dec -5.0% and -1.0% ex transportation), (4) Dec FHFA house price index (expected +0.5% m/m, Nov +0.5% m/m), (5) Feb Kansas City Fed manufacturing activity (expected +3 to -6, Jan unch at-9), (6) San Francisco Fed President John Williams' speech at NYU Stern Business School, and (7) the Treasury's auction of $28 billion of 7-year T-notes.
There are 19 of the S&P 500 companies that report earnings today with notable reports including: Best Buy (consensus $1.39), Kohl's (1.55), Gap (0.57), Kraft (0.58), Monster Beverage (0.82), Patterson Cos (0.67), Apache (-0.49), Autodesk (0.12), Intuit (0.19).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week include: IHS Energy CERAWeek Conference on Tue-Thu, Cantor Fitzgerald Internet & Technology Conference on Thu, Gabelli & Company Pump, Valve and Water Systems Symposium on Thu.





OVERNIGHT U.S. STOCK MOVERS
Salesforce.com (CRM -0.60%) jumped over 9% in pre-market trading after it said it sees Q1 adjusted EPS of 23 cents-24 cents, above consensus of 21 cents, and raised guidance on fiscal 2017 adjusted EPS to 99 cents-$1.01, higher than consensus of 99 cents.
Best Buy (BBY +1.78%) dropped over 3% in pre-market trading after it said it sees Q1 ajusted EPS of 31 cents-35 cents, below consensus of 39 cents.
Charter Communications (CHTR +0.80%) was upgraded to 'Overweight' from 'Neutral' at JPMorgan Chase with a 12-month price target of $210.
Kohl's (KSS +1.16%) reported Q4 EPS of $1.58, higher than consensus of $1.55.
Bankrate (RATE +2.51%) was downgraded to 'Hold' from 'Buy' at Topeka Capital Markets.
Imax Corporation (IMAX +2.39%) fell over 7% in after-hours trading after it reported Q4 EPS of 39 cents, below consensus of 42 cents.
La Quinta Holdings (LQ +1.88%) lost over 3% in after-hours trading after it said it sees 2016 pro forma adjusted Ebitda of $367 million-$384 million versus $394 million y/y.
Relypsa (RLYP -2.39%) slumped over 10% in after-hours trading after it reported a Q4 adjusted EPS loss of -$1.40, a wider loss than consensus of -$1.35.
AmSurg (AMSG -0.01%) climbed nearly 5% in after-hours trading after it reported Q4 adjusted EPS of $1.07, higher than consensus of $1.04.
Restoration Hardware (RH +1.29%) plunged over 20% in pre-market trading after it reported preliminary Q4 adjusted EPS of 99 cents, well below consensus of $1.40.
Andarko Petroleum (APC +2.58%) rose nearly 7% in after-hours trading after it sold its Springfield Pipeline LLC to Western Gas Partners for $750 million.
Malibu Boats (MBUU +2.41%) was rated a new 'Buy' at B. Riley with a 12-month price target of $22.
Diamond Resorts International (DRII -1.60%) jumped 17% in after-hours trading after it said it hired Centerview Partners to explore a wide range of strategic options to maximize shareholder value.
MARKET COMMENTS
Mar E-mini S&Ps (ESH16 +0.14%) this morning are up +2.50 points (+0.13%). Wednesday's closes: S&P 500 +0.44%, Dow Jones +0.32%, Nasdaq +0.92%. The S&P 500 on Wednesday recovered from a 1-week low and closed higher on a rebound in crude oil that boosted energy producer stocks and on Richmond Fed President Lacker's comment that there is "no evidence" that a U.S. recession is imminent. Stocks were undercut by the -9.2% decline in U.S. Jan new home sales to 494,000 (weaker than expectations of -4.4% to 520,000) and the unexpected -3.4 point decline in the U.S. Feb Markit services PMI to a 2-1/3 year low of 49.8 (weaker than expectations of +0.3 to 53.5).
Mar 10-year T-notes (ZNH16 +0.07%) this morning are up +3 ticks. Wednesday's closes: TYH6 +2.00, FVH6 +1.25. Mar T-notes on Wednesday climbed to a 1-week high and closed higher on U.S. economic concerns after the weak Jan new home sales and Feb Markit services PMI reports.
The dollar index (DXY00 -0.15%) this morning is down -0.044 (-0.05%). EUR/USD (^EURUSD) is up +0.0016 (+0.15%). USD/JPY (^USDJPY) is up +0.22 (+0.20%). Wednesday's closes: Dollar Index -0.023 (-0.02%), EUR/USD -0.0007 (-0.06%), USD/JPY +0.08 (+0.07%). The dollar index on Wednesday fell back from a 3-week high and closed lower on the weaker-than-expected U.S. Jan new home sales and Feb Markit services PMI reports. The dollar was also undercut by strength in the energy-exporting currencies of Canada and Russia after crude oil erased early declines and closed higher. The dollar index found underlying support from Richmond Fed President Lacker's comment that there is "no evidence" that a U.S. recession is imminent, which "bolsters the case for raising the federal funds rate target."
Apr WTI crude (CLJ16 -0.25%) this morning is down -15 cents (-0.47%) and Apr gasoline (RBJ16 -0.39%) is down -0.0104 (-0.82%). Wednesday's closes: CLJ6 +0.28 (+0.88%), RBJ6 +0.0561 (+4.60%). Apr crude oil and gasoline on Wednesday closed higher on the -0.4% decline in U.S. crude oil production in the week of Feb 19 to a 4-month low of 9.102 million bpd and the -2.2 million bbl drop in EIA gasoline stockpiles (vs expectations of -1.0 million bbls). Crude oil prices were undercut by the +3.5 million bbl increase in EIA crude inventories to a record high of 507.6 million bbl and by the +333,000 bbl increase in crude supplies at Cushing, OK, delivery point of WTI futures, to a record high 65.066 million bbl.
GLOBAL EVENT CALENDAR02/25/2016
US0815 ETAtlanta Fed President Dennis Lockhart delivers welcoming and opening remarks at the Atlanta Feds 2016 Banking Outlook Conference.
0830 ETWeekly initial unemployment claims expected +8,000 to 270,000, previous -7,000 to 262,000. Weekly continuing claims expected -20,000 to 2.253 million, previous +30,000 to 2.273 million.
0830 ETJan durable goods orders expected +2.7% and +0.3% ex transportation, Dec -5.0% and -1.0% ex transportation. Jan capital goods new orders ex-aircraft & parts expected +1.0%, Dec -4.3%.
0830 ETUSDA weekly Export Sales.
0900 ETDec FHFA house price index expected +0.5% m/m, Nov +0.5% m/m.
1100 ETFeb Kansas City Fed manufacturing activity expected +3 to -6, Jan unch at -9.
1200 ETSan Francisco Fed President John Williams speaks at NYU Stern Business School.
1300 ETTreasury auctions $28 billion of 7-year T-notes.
GER0200 ETRevised German Jan CPI (EU harmonized), previous -1.0% m/m and +0.4% y/y.
0200 ETGerman Mar GfK consumer confidence expected -0.1 to 9.3, Feb 9.4.
EUR0400 ETEurozone Jan M3 money supply expected +4.7% y/y, Dec +4.7% y/y.
0500 ETRevised Eurozone Jan CPI, previous +0.2% y/y. Revised Jan core CPI, previous +1.0% y/y
UK0430 ETRevised UK Q4 GDP, previous +0.5% q/q and +1.9% y/y.
0430 ETUK Dec index of services expected +0.3% m/m and +0.7% 3-mo/3-mo, Nov +0.2% m/m and +0.6% 3-mo/3-mo.
0430 ETUK Q4 total business investment expected +0.9% q/q and +6.4% y/y, Q3 +2.2% q/q and +5.8% y/y.
1905 ETUK Feb GfK consumer confidence expected -1 to 3, Jan 4.
JPN1830 ETJapan Jan national CPI expected unch y/y, Dec +0.2% y/y. Jan national CPI ex-fresh food expected unch y/y, Dec +0.1% y/y. Jan national CPI ex food & energy expected +0.7% y/y, Dec +0.8% y/y.
1830 ETJapan Feb Tokyo CPI expected -0.3% y/y, Jan -0.3% y/y. Feb Tokyo CPI ex-fresh food expected -0.2% y/y, Jan -0.1% y/y. Feb Tokyo CPI ex food & energy expected +0.4% y/y, Jan +0.4% y/y.
CHI2030 ETChina Jan property prices.
U.S. STOCK CALENDAR02/25/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Campbell Soup CoCPB USBef-mktQ2 2016 Earnings ReleaseQ2 20160.87
Cablevision Systems CorpCVC USBef-mktQ4 2015 Earnings ReleaseQ4 20150.168
Ensco PLCESV USBef-mktQ4 2015 Earnings ReleaseQ4 20150.726
Patterson Cos IncPDCO USBef-mktQ3 2016 Earnings ReleaseQ3 20160.667
Iron Mountain IncIRM USBef-mktQ4 2015 Earnings ReleaseQ4 20150.558
Quanta Services IncPWR USBef-mktQ4 2015 Earnings ReleaseQ4 20150.284
Best Buy Co IncBBY US7:00Q4 2016 Earnings ReleaseQ4 20161.393
Kohl's CorpKSS US7:00Q4 2016 Earnings ReleaseQ4 20161.553
Apache CorpAPA US8:00Q4 2015 Earnings ReleaseQ4 2015-0.489
Best Buy Co IncBBY US8:00Q4 2016 Earnings CallQ4 2016
Campbell Soup CoCPB US8:30Q2 2016 Earnings CallQ2 2016
International Business Machines CorpIBM US8:30Investor MeetingY 2016
Kohl's CorpKSS US8:30Q4 2016 Earnings CallQ4 2016
Iron Mountain IncIRM US8:30Q4 2015 Earnings CallQ4 2015
L Brands IncLB US9:00Q4 2016 Earnings CallQ4 2016
Transocean LtdRIG US9:00Q4 2015 Earnings CallQ4 2015
Quanta Services IncPWR US9:30Q4 2015 Earnings CallQ4 2015
Concho Resources IncCXO US9:30Q4 2015 Earnings CallQ4 2015
Patterson Cos IncPDCO US10:00Q3 2016 Earnings CallQ3 2016
Zions BancorporationZION US10:30Investor MeetingY 2016
Ensco PLCESV US11:00Q4 2015 Earnings CallQ4 2015
Newfield Exploration CoNFX US11:00Q4 2015 Earnings CallQ4 2015
Apache CorpAPA US14:00Q4 2015 Earnings CallQ4 2015
Gap Inc/TheGPS US16:15Q4 2016 Earnings ReleaseQ4 20160.568
Intuit IncINTU US16:30Q2 2016 Earnings CallQ2 2016
Gap Inc/TheGPS US17:00Q4 2016 Earnings CallQ4 2016
Autodesk IncADSK US17:00Q4 2016 Earnings CallQ4 2016
Kraft Heinz Co/TheKHC US17:00Q4 2015 Earnings CallQ4 2015
Monster Beverage CorpMNST US17:00Q4 2015 Earnings CallQ4 2015
EOG Resources IncEOG USAft-mktQ4 2015 Earnings ReleaseQ4 2015-0.316
Southwestern Energy CoSWN USAft-mktQ4 2015 Earnings ReleaseQ4 2015-0.041
Universal Health Services IncUHS USAft-mktQ4 2015 Earnings ReleaseQ4 20151.739
Autodesk IncADSK USAft-mktQ4 2016 Earnings ReleaseQ4 20160.116
Range Resources CorpRRC USAft-mktQ4 2015 Earnings ReleaseQ4 20150.088
Mohawk Industries IncMHK USAft-mktQ4 2015 Earnings ReleaseQ4 20152.728
Intuit IncINTU USAft-mktQ2 2016 Earnings ReleaseQ2 20160.191
Kraft Heinz Co/TheKHC USAft-mktQ4 2015 Earnings ReleaseQ4 20150.58
Monster Beverage CorpMNST USAft-mktQ4 2015 Earnings ReleaseQ4 20150.818
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Thursday, September 24, 2015

Today's 5 Best Large Caps

This morning I wanted to find the large cap stocks that have had good price appreciation not only over the past year but also still seem to have some steam left.  I used Barchart to sort the S&P 500 Large Cap Index stocks first for the highest Weighted Alpha then for current technical buy signals of 80% or better.  The stock that made the cut were Cablevision Systems (CVC), Under Armour (UA), Teco Energy (TE), Reynolds American (RAI and Autozone (AZO).

Cablevision Systems (CVC)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • 97.80+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 39.55% in the last month
  • Relative Strength Index 78.59%
  • Barchart computes a technical support level at 32.93
  • Recently traded at 33.13 with a 50 day moving average of 27.01



Barchart technical indicators:

  • 80% Barchart technical buy signals
  • 51.90+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 12.66% in the last month
  • Relative Strength Index 58.23%
  • Barchart computes a technical support level at 99.92
  • Recently traded at 101.43 with a 50 day moving average of 96.30


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • 51.10+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 22.74% in the last month
  • Relative Strength Index 79.98%
  • Barchart computes a technical support level at 26.50
  • Recently traded at 26.61 with a 50 day moving average of 22.71


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • 45.60+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 2.71% in the last month
  • Relative Strength Index 57.89%
  • Barchart computes a technical support level at 42.40
  • Recently traded at 42.94 with a 50 day moving average of 41.91
Autozone (AZO)


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • 43.10+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 6.46% in the last month
  • Relative Strength Index 61.16%
  • Barchart computes a technical support level at 710.76
  • Recently traded at 746.23 with a 50 day moving average of 711.46






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Thursday, September 17, 2015

BARCHART MORNING CALL 9/17

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ15 -0.18%) are down -0.15% and European stocks are up +0.35% ahead of today's widely anticipated Fed interest rate decision. The markets are pricing in a 32% chance of a Fed rate hike today according to fed fund futures, up slightly from 30% at the beginning of the week. Weakness in technology stocks is dragging the overall market lower with Oracle down -1.2% in pre-market trading after reporting Q1 revenue of $8.45 billion, below consensus of $8.53 billion. Peabody Energy, the largest U.S. coal miner, plunged 15% in pre-market trading after it authorized a reverse stock split. Emerging markets closed higher and Asian stocks closed mixed: Japan +1.43%, Hong Kong -0.51%, China -2.10%, Taiwan +1.35%, Australia +0.94%, Singapore +0.94%, South Korea +0.21%, India closed for holiday. Japan's Nikkei Stock Index climbed to a 1-week high on speculation the BOJ may need to expand stimulus to revive economic growth after Japanese trade data showed Aug imports fell more than expected.
The dollar index (DXY00 -0.24%) is down -0.21%. EUR/USD (^EURUSD) is up +0.26%. USD/JPY (^USDJPY) is up +0.33%.
Dec T-note prices (ZNZ15 +0.12%) are up +5 ticks.
The ECB lowered Greece's Emergency Liquidity Assistance (ELA) to 88.9 billion euros from 89.1 billion euros and said the reduction of ceiling requested by the Bank of Greece "reflects an improvement of the liquidity situation of Greek banks, amid a reduction of uncertainty and the stabilization of private sector deposit flows."
The Japan Aug trade balance was in deficit by -569.7 billion yen, wider than expectations of -540.0 billion yen and the largest deficit in 7 months. Aug exports rose +3.1% y/y, weaker than expectations of +4.3% y/y. Aug imports fell -3.1% y/y, more than expectations of -2.5% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly initial unemployment claims (expected unch at 275,000, previous -6,000 to 275,000) and continuing claims (expected -2,000 to 2.258 million, previous +1,000 to 2.260 million), (2) Q2 current account deficit (expected -$113.5 billion, Q1 -$113.3 billion), (3) Aug housing starts (expected -3.8% to 1.160 million, Jul +0.2% to 1.206 million), (4) Sep Philadelphia Fed business outlook survey (expected -2.4 to 5.9, Aug +2.6 to 8.3), (5) the FOMC's policy announcement after its 2-day meeting and a press conference by Fed Chair Yellen.
There are 2 of the Russell 1000 companies reports earnings today: Adobe Systems (consensus $0.50), Rite Aid (0.04).
U.S. IPO's scheduled to price today include: Penumbra (PEN), Nabriva Therapeutics (NBRV).
Equity conferences during the remainder of this week include: Bank of America Merrill Lynch Power & Gas Leaders Conference on Wed-Thu, Citi 2015 Industrials Conference on Wed-Thu, Deutsche Bank Technology Conference on Wed-Thu, Morgan Stanley Industrials Conference on Wed-Thu, Barclays Capital Global Financial Services Conference on Wed-Fri, Credit Suisse Basic Materials Conference on Wed-Fri, Goldman Sachs Communacopia Conference on Wed-Fri, Morgan Stanley Global Healthcare Conference on Wed-Fri, Bank of America Merrill Lynch Global Health Care Conference on Thu, Imperial Capital Global Opportunities Conference on Thu, and AACR CRI-CIMT-EATI Immunotherapy Conference on Thu-Fri.



OVERNIGHT U.S. STOCK MOVERS
Oracle (ORCL +0.74%) slid over 1% in pre-market trading after it reported Q1 EPS of 53 cents, better than consensus of 52 cents, although Q1 revenue of $8.45 billion was below consensus of $8.53 billion.
Raytheon (RTN +0.04%) was upgraded to 'Top Pick' from 'Outperform' at RBC Capital.
Hasbro (HAS +1.48%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
NVIDIA (NVDA +0.70%) was upgraded to 'Buy' from 'Hold' at Jefferies with a $30 price target.
Stanley Black & Decker (SWK +0.44%) was initiated with a 'Buy' at UBS with a price target of $120.
Hanesbrands (HBI +1.17%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Cablevision (CVC unch) jumped over 16% in pre-market trading after after Altice announced that it will acquire Cablevision for $34.90 per share in cash.
Clarcor (CLC +0.58%) reported Q3 non-GAAP EPS of 66 cents, weaker than consensus of 84 cents, and then lowered guidance on fiscal 2015 EPS view to $2.70-$2.80 from $3.00-$3.15, below consensus of $3.05.
Northrop Grumman Corporation (NOC +0.37%) announced that its board has authorized an additional $4 billion for the repurchase of the company's common stock.
Aetna (AET +0.01%) backs its fiscal 2015 EPS view of at least $7.40, below consensus of $7.51.
Envision Healthcare (EVHC -0.09%) was initiated with a 'Buy' at Canaccord with a price target of $51.
Allscripts (MDRX +0.59%) was initiated with a 'Buy' at Canaccord with a price target of $18.
Herman Miller (MLHR +1.24%) climbed 4% in after-hours trading after it reported Q1 EPS of 56 cents, well above consensus of 46 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ15 -0.18%) this morning are down -3.00 points (-0.15%). Wednesday's closes: S&P 500 +0.87%, Dow Jones +0.84%, Nasdaq +0.54%. The S&P 500 Wednesday rose to a 3-week high and closed higher on (1) the +1.8% y/y increase in U.S. Aug CPI, less than expectations of +1.9% y/y, which reduces the pressure on the Fed to raise interest rates, and (2) the unexpected +1 point increase in the Sep NAHB housing market index to a 9-3/4 year high of 62. Energy producers rallied after crude oil climbed to a 1-1/2 week high.
Dec 10-year T-notes (ZNZ15 +0.12%) this morning are up +5 ticks. Wednesday's closes: TYZ5 -6.00, FVZ5 -1.50. Dec T-notes Wednesday fell to a 4-week low and closed lower on the unexpected increase in the Sep NAHB housing market index to a 9-3/4 year high, which bolsters the case for a Fed interest rate increase, and on reduced safe-haven demand as the S&P 500 rallied to a 3-week high.
The dollar index (DXY00 -0.24%) this morning is down -0.204 (-0.21%). EUR/USD (^EURUSD) is up +0.0029 (+0.26%). USD/JPY (^USDJPY) is up +0.40 (+0.33%). Wednesday's closes: Dollar Index -0.191 (-0.20%), EUR/USD +0.0021 (+0.19%), USD/JPY +0.15 (+0.12%). The dollar index on Wednesday closed lower on reduced pressure for the Fed to raise interest rates after the U.S. Aug CPI rose +1.8% y/y, less than expectations of +1.9% y/y. EUR/USD was undercut by ECB Vice President Constancio's comment that the ECB has the scope to expand QE if needed.
Oct crude oil (CLV15 -0.98%) this morning is down -68 cents (-1.44%) and Oct gasoline (RBV15 -0.48%) is down -0.0118 (-0.85%). Wednesday's closes: CLV5 +2.54 (+5.70%), RBV5 +0.0491 (+3.68%). Oct crude oil and gasoline on Wednesday closed sharply higher with Oct crude at a 1-1/2 week high on (1) the unexpected -2.1 million bbl decline in weekly EIA crude inventories, (2) the -1.9 million bbl draw in crude supplies at Cushing to a 5-3/4 month low, and (3) the -0.2% decline in U.S crude production in the week ended Sep 11 to a 9-month low of 9.117 million bpd.

GLOBAL EVENT CALENDAR09/17/2015
US0830 ETWeekly initial unemployment claims expected unch at 275,000, previous -6,000 to 275,000. Weekly continuing claims expected -2,000 to 2.258 million, previous +1,000 to 2.260 million.
0830 ETQ2 current account balance expected -$113.5 billion, Q1 -$113.3 billion.
0830 ETAug housing starts expected -3.8% to 1.160 million, Jul +0.2% to 1.206 million. Aug building permits expected +2.5% to 1.158 million, Jul-15.5% to 1.130 million.
0830 ETUSDA weekly Export Sales.
1000 ETSep Philadelphia Fed business outlook survey expected -2.4 to 5.9, Aug +2.6 to 8.3.
1100 ETTreasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating rate notes (previous $13 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Sep 22-24.
1400 ETFOMC announces interest rate decision.
UK0430 ETUK Aug retail sales ex auto fuel expected +0.1% m/m and +3.8% y/y, Jul +0.4% m/m and +4.3% y/y.
0430 ETUK Aug retail sales including auto fuel expected +0.2% m/m and +3.8% y/y, Jul +0.1% m/m and +4.2% y/y.
EUR0500 ETEurozone Jul construction output, Jun -1.9% m/m and -2.3% y/y.
CHI2130 ETChina Aug property prices.
U.S. STOCK CALENDAR09/17/2015

CompanyTickerTimeEvent DescriptionPeriodEstimate
Rite Aid CorpRAD US7:00Q2 2016 Earnings ReleaseQ2 20160.036
Air Products & Chemicals IncAPD US8:00Business Update Call
Rite Aid CorpRAD US8:30Q2 2016 Earnings CallQ2 2016
Intuit IncINTU US11:00Investor DayY 2015
Synopsys IncSNPS US11:45Business Update Call
NIKE IncNKE US13:00Annual General Meeting
Adobe Systems IncADBE US17:00Q3 2015 Earnings CallQ3 2015
Adobe Systems IncADBE USAft-mktQ3 2015 Earnings ReleaseQ3 20150.497
Progressive Corp/ThePGR USAugust 2015 Sales and Revenue Release2015
Darden Restaurants IncDRI USAnnual General Meeting
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Friday, August 7, 2015

BARCHART MORNING CALL 8/7

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU15 -0.17%) are down -0.10% and European stocks are down -0.38% ahead of monthly U.S. payroll data for July that may give clues to the pace and timing of a Fed interest rate increase. European stocks also fell after German Jun industrial production unexpectedly declined at the fastest pace in 10 months. Miners and basic-resource companies also fell after the price of copper (HGU15 -0.21%) slid to a fresh 6-year low. Asian stocks closed mixed: Japan +0.29%, Hong Kong +0.73%, China +2.26%, Taiwan -0.09%, Australia -2.41%, South Korea -0.10%, India -0.22%. Japanese stocks closed higher after the BOJ maintained its overly easy monetary policies following today's 2-day meeting, while China's Shanghai Composite closed up over 2% on speculation the Chinese government will take more measures to stabilize the equity market.
The dollar index (DXY00 -0.06%) is down -0.02%. EUR/USD (^EURUSD) is up +0.03%. USD/JPY (^USDJPY) is down -0.02%.

Sep T-note prices (ZNU15 +0.06%) are up +1.5 ticks.
According to people with knowledge of the matter, the China Securities Finance Corp., the government agency mandated to buy equities to support the market, is seeking to increase its funding by an additional 2 trillion yuan ($322 billion). The extra funding would add to the 3 trillion yuan already made available by the government.
German Jun industrial production unexpectedly fell -1.4% m/m, weaker than expectations of +0.3% m/m and the largest decline in 10 months. Onan annual basis, Jun industrial production rose +0.6% y/y, weaker than expectations of +2.2% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) July non-farm payrolls (expected +225,000, Jun +223,000) and Jul unemployment rate (expected unchanged at 5.3%, Jun -0.2 to 5.3%), and (2) Jun consumer credit (expected +$17.0 billion, May +$16.086 billion).
There are 4 of the S&P 500 companies that report earnings today: Hershey (consensus $0.74), Cablevision (0.25), Harris Corp (1.23), Berkshire Hathaway (3038).
U.S. IPO's scheduled to price today include: Pixelworks (PXLW).
Equity conferences during the remainder of this week include: none.
OVERNIGHT U.S. STOCK MOVERS
Intel (INTC -0.38%) was downgraded to 'Hold' from 'Buy' at Drexel Hamilton.
Coach (COH -0.54%) was upgraded to 'Buy' from 'Neutral' at UBS.
Hershey (HSY -0.50%) reported Q2 EPS of 78 cents, better than consensus of 74 cents.
Genesis Healthcare (GEN +1.52%) reported Q2 EPS of 14 cents, higher than consensus of 9 cents.
Billionaire investor Carl Icahn reported an 8.18% stake in Cheniere (LNG -0.26%) .
Bio-Rad (BIO -2.98%) reported Q2 EPS of 97 cents, well above consensus of 78 cents.
Nu Skin (NUS -3.62%) reported Q2 EPS of 75 cents, better than consensus of 72 cents.
Sprouts Farmers Markets (SFM -2.21%) fell over 4% in after-hours trading after it reported Q2 adjusted EPS of 22 cents, right on consensus, but then lowered guidance on fiscal 2015 adjusted EPS to 80 cents-82 cents, below consensus of 85 cents.
TESARO (TSRO -5.95%) reported a Q2 EPS loss of -$1.51, a wider loss than consensus of -$1.14.
NVIDIA (NVDA -0.63%) jumped over 8% in after-hours trading after it reported Q2 EPS of 34 cents, over three times consensus of 10 cents.
Monster Beverage (MNST -5.93%) reported Q2 adjusted EPS of 79 cents, weaker than consensus of 91 cents.
EOG Resources (EOG +2.09%) reported Q2 adjusted EPS of 28 cents, well above consensus of 10 cents.
Mohawk (MHK -2.53%) reported Q2 EPS of $2.69, better than consensus of $2.62.
Century Aluminum (CENX -1.08%) reported Q2 adjusted EPS of 25 cents, below consensus of 27 cents.
Nuance (NUAN -1.59%) reported Q3 EPS of 32 cents, higher than consensus of 29 cents, and then raised guidance on fiscal 2015 EPS to $1.20-$1.24, above consensus of $1.19.
MARKET COMMENTS
Sep E-mini S&Ps (ESU15 -0.17%) this morning are down -2.00 points (-0.10%). Closes: S&P 500 -0.78%, Dow Jones -0.69%, Nasdaq -1.60%. The S&P 500 Thursday fell to a 1-week low and closed lower on a slide in media stocks on disappointing Q2 earnings results from Viacom and Twenty-First Century Fox, weakness in energy producers after crude oil tumbled to a 4-1/2 month low, and long liquidation ahead of Friday's monthly U.S. payrolls report.
Sep 10-year T-note prices (ZNU15 +0.06%) this morning are up +1.5 ticks. Closes: TYU5 +8.5, FVU5 +4.50. Sep T-note prices on Thursday closed higher on a decline in the 10-year inflation expectations rate to a 4-1/2 month low due to the continued drop in oil prices and on increased safe-haven demand for T-notes after the S&P 500 fell to a 1-week low.
The dollar index (DXY00 -0.06%) this morning is down -0.017 (-0.02%). EUR/USD (^EURUSD) is up +0.0003 (+0.03%). USD/JPY (^USDJPY) is down -0.02 (-0.02%). Closes: Dollar Index -0.125 (-0.13%), EUR/USD +0.00189 (+0.17%), USD/JPY -0.121 (-0.10%). The dollar index on Thursday closed lower on strength in EUR/USD after German Jun factory orders rose more than expected, and on long liquidation in the dollar ahead of Friday's U.S. payroll report.
Sep crude oil (CLU15 -0.11%) this morning is up +3 cents (+0.07%) and Sep gasoline (RBU15 -0.81%) is down -0.0078 (-0.47%). Closes: CLU5 -0.40 (-0.89%), RBU5 -0.0215 (-1.29%). Sep crude oil and gasoline closed lower Thursday with Sep crude at a 4-1/2 month low and Sep gasoline at a 5-1/2 month low. Negative factors included carry-over bearishness from Wednesday's EIA report that showed an unexpected +811,000 bbl increase in weekly EIA gasoline inventories (vs expectations of -200,000 bbl) and a +709,000 bbl increase in EIA distillate inventories to a 3-1/2 year high. Crude oil prices also saw weakness after Goldman Sachs said the global crude oversupply is currently 2 million bpd and that world oil storage may be filled by autumn.
GLOBAL EVENT CALENDAR08/07/2015
US0830 ETJul non-farm payrolls expected +225,000, Jun +223,000. Jul private payrolls expected +212,000, Jun +223,000. Jul manufacturing payrolls expected +5,000, Jun +4,000. Jul unemployment rate expected unchanged at 5.3%, Jun -0.2 to 5.3%.
0830 ETJul average hourly earnings expected +0.2% m/m and +2.3% y/y, Jun unch m/m and +2.0% y/y. Jul average weekly hours all employees expected unch at 34.5 hours.
1500 ETJun consumer credit expected +$17.0 billion, May +$16.086 billion.
JPNn/aBOJ announces interest rate decision.
GER0200 ETGerman Jun industrial production expected +0.3% m/m and +2.2% y/y, May unch m/m and +2.1% y/y.
0200 ETGerman Jun trade balance expected +21.0 billion euros, May +19.5 billion euros. Jun exports expected -0.3% m/m, May +1.6% m/m. Jun imports expected +0.5% m/m, May +0.4% m/m.
0200 ETGerman Jun current account balance expected +16.0 billion euros, May +11.1 billion euros.
CHIn/aChina Jul trade balance expected +$55.00 billion, Jun +$46.54 billion. Jul exports expected -1.5% y/y, Jun +2.8% y/y. Jul imports expected -7.9% y/y, Jun -6.1% y/y.
U.S. STOCK CALENDAR08/07/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Hershey Co/TheHSY USBef-mktQ2 2015 Earnings ReleaseQ2 20150.743
Cablevision Systems CorpCVC USBef-mktQ2 2015 Earnings ReleaseQ2 20150.25
Harris CorpHRS US6:30Q4 2015 Earnings ReleaseQ4 20151.23
Harris CorpHRS US8:30Q4 2015 Earnings CallQ4 2015
Hershey Co/TheHSY US8:30Q2 2015 Earnings CallQ2 2015
EOG Resources IncEOG US10:00Q2 2015 Earnings CallQ2 2015
Cablevision Systems CorpCVC US10:00Q2 2015 Earnings CallQ2 2015
Mohawk Industries IncMHK US11:00Q2 2015 Earnings CallQ2 2015
Monster Beverage CorpMNST US16:20Annual General MeetingY 2015
Berkshire Hathaway IncBRK/A USQ2 2015 Earnings ReleaseQ2 20153038.09
Principal Financial Group IncPFG USRoadshow - Tokyo - Day 2Y 2015
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Monday, May 4, 2015

BARCHART MORNING CALL 5/4

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 +0.27%) this morning are up +0.23% and European stocks are up +0.83% after a gauge of Eurozone Apr manufacturing activity was revised higher. Comcast is up nearly 3% in pre-market trading after it reported Q1 profit of 79 cents a share, excluding some items, better than consensus of 74 cents. Strength in global stocks undercut government bond prices as the yield on the 10-year German bund rose to a 1-3/4 month high of 0.425%. Asian stocks closed mostly higher: Japan closed for holiday, Hong Kong -0.03%, China +0.87%, Taiwan +0.25%, Australia +0.23%, Singapore -0.13%, South Korea +0.34%, India +1.77%. Chinese stocks received a boost on speculation the government will expand stimulus measures after a gauge of Chinese manufacturing activity for last month was unexpectedly revised lower to its steepest pace of contraction in a year.
Commodity prices are mixed. Jun crude oil (CLM15 +0.66%) is up +0.32% and Jun gasoline (RBM15 +0.55%) is up +0.46% at a 5-1/4 month high. Metals prices are mixed. Jun gold (GCM15 +0.52%) is up +0.61%. Jul copper (HGN15 -0.51%) is down -0.79%. Agriculture prices are mixed.
The dollar index (DXY00 +0.31%) is up +0.28%. EUR/USD (^EURUSD) is down -0.54%. USD/JPY (^USDJPY) is up +0.06%.

Jun T-note prices (ZNM15 -0.10%) are down -3.5 ticks at a 1-1/2 month low on carry-over weakness from a slide in German bund prices to a 1-3/4 month low.
The yield on Greece's 10-year bond moved up from a 1-3/4 month low of 9.88% to over 10.50% after people with knowledge of the matter said that Greece is still far from agreement with its international creditors. They said that gaps remain on issues from fiscal forecasts to labor and pension reforms, 3 days before the ECB's next decision on emergency aid to Greece. Greece is due to make a 200-million euros payment to the IMF this week.
The China Apr HSBC flash manufacturing PMI was revised lower by -0.3 to 48.9 from the previously reported 49.2, weaker than expectations of a +0.2 upward revision to 49.4 and the steepest pace of contraction in a year.
The Eurozone Apr Markit manufacturing PMI was revised upward by +0.1 to 52.0 from the previously reported 51.9.
U.S. STOCK PREVIEW
Key U.S. reports today include: (1) March factory orders (expected +2.0% after Feb's +0.2%), (2) the April New York ISM index (March was -13.1 to 50.0), and (3) a speech by Chicago Fed President Charles Evans about current economic conditions and monetary policy at the Columbus Economic Development Board Annual Meeting in Columbus, Indiana.
There are 16 of the S&P 500 companies that report earnings today with notable reports including: Comcast (consensus $0.74), Dun & Bradstreet (1.23), Tenet Healthcare (0.31), Tyson Foods (0.72), Sysco (0.41), Lowes (0.71).
U.S. IPO's scheduled to price or trade today include: none.
Equity conferences this week include: Barclays Chemical ROC Stars Conference on Tue, Internet & Television Expo on Tue-Wed, Wells Fargo Industrial and Construction Conference on Tue-Wed, Baird Growth Stock Conference on Tue-Thu, Power & Electricity World Asia 2015 on Wed, Sanford C. Bernstein & Co. Energy Conference on Wed, Deutsche Bank Health Care Conference on Wed-Thu, ICI General Membership Meeting on Wed-Thu, Citi Car of the Future Conference on Thu, Mitsubishi UFJ Securities Oil & Gas Conference on Thu, and RBC Capital Markets Mobile & Cloud Networking Investor Day on Thu.
OVERNIGHT U.S. STOCK MOVERS
Comcast (CMCSA +1.13%) is up over 2% in pre-market trading after it reported Q1 EPS of 79 cents, above consensus of 74 cents.
Loews (L +0.22%) reported Q1 EPS of 27 cents, well below consensus of 71 cents.
Diamond Offshore Drilling (DO unch) reported Q1 EPS of 50 cents, above consensus of 42 cents.
Tyson Foods (TSN +2.51%) reported Q2 EPS of 77 cents, higher than consensus of 72 cents.
Cognizant Technology Solutions (CTSH +1.02%) reported Q1 EPS of 71 cents, better tgan consensus of 70 cents.
UBS reiterated its 'Buy' rating on Disney (DIS +1.66%) as it raised its pric target on the stock to $125 from $116.
Genuine Parts (GPC +1.80%) was upgraded to 'Buy' from 'Neutral' at Sterne Agee CRT.
Henry Schein (HSIC +1.27%) reported Q1 adjusted EPS of $1.28, better than consensus of $1.27, although Q1 revenue of $2.46 billion was below consensus of $2.54 billion.
Warren Buffett said he bought more shares of Internaatinal Business Machines (IBM +1.39%) in Q1.
Twitter (TWTR -2.87%) was upgraded to 'Hold' from 'Sell' at Stifel.
Buckeye Partners (BPL +0.56%) was upgraded to 'Buy' from 'Hold' at Stifel.
The Athyrium Opportunities Fund reported a 9.9% stake in Pernix Therapeutics (PTX +4.55%) .
Donaldson (DCI +0.88%) lowered guidance on fiscal 2015 EPS to $1.51-$1.61 from $1.65-$1.85, below consensus of $1.74.
MARKET COMMENTS
June E-mini S&Ps (ESM15 +0.27%) this morning are up +4.75 points (+0.23%). Friday's closes: S&P 500 +1.09%, Dow Jones +1.03%, Nasdaq +1.47%. The S&P 500 on Friday closed sharply higher on ideas that Friday's weaker-than-expected April ISM manufacturing index of unchanged at 51.5 (versus expectations of +0.5 to 52.0) will delay a Fed tightening. The broad market also received support from a rally in biotech stocks prompted by a 5% jump in Gilead Sciences on a positive Q1 earnings report.
Jun 10-year T-notes (ZNM15 -0.10%) this morning are down -3.5 ticks at a new 1-1/2 month low. Friday's closes: TYM5 -19.50, FVM5 -9.50. Jun 10-year T-notes on Friday slid to a 1-1/2 month low and closed lower on the recent jump in inflation expectations and on worries that the Fed will still raise interest rates later this year after the FOMC said this week that Q1 economic weakness was due to "transitory" factors.
The dollar index (DXY00 +0.31%) this morning is .up +0.263 (+0.28%) EUR/USD (^EURUSD) is down -0.0060 (-0.54%). USD/JPY (^USDJPY) is up +0.07 (+0.06%). Friday's closes: Dollar Index +0.697 (+0.74%), EUR/USD -0.00295 (-0.26%), USD/JPY +0.789 (+0.66%). The dollar index on Friday closed higher on the rally in the U.S. stock market and on weakness in EUR/USD after Dutch Finance Minister Dijsselboem said it was "too early to say" whether the Greek debt talks have reached a turning point.
Jun WTI crude oil (CLM15 +0.66%) this morning is up +19 cents (+0.32%) and Jun gasoline (RBM15 +0.55%) is up +0.0094 (+0.46%) at a 5-1/4 month high. Friday's closes: CLM5 -0.48 (-0.80%), RBM5 +0.0037 (-0.18%). Jun crude oil and gasoline on Friday closed lower on the stronger dollar and on reports of continued strong OPEC production in April. OPEC's Apr crude production level of 31.295 bpd was the 11th straight month that output has surpassed OPEC's 30 million bpd quota and was just below the 2-1/3 year high of 31.296 million bpd seen in March.
GLOBAL EVENT CALENDAR05/04/2015
US0945 ETApr New York ISM, Mar -13.1 to 50.0.
1000 ETMar factory orders expected +2.0%, Feb +0.2% and +0.8% ex transportation.
1100 ETUSDA weekly grain export inspections.
1225 ETChicago Fed President Charles Evans speaks about current economic conditions and monetary policy at the Columbus Economic Development Board Annual Meeting in Columbus, IN.
1600 ETUSDA weekly crop progress.
GER0355 ETRevised German Apr Markit/BME manufacturing PMI, previous -0.9 to 51.9.
EUR0400 ETRevised Eurozone Apr Markit manufacturing PMI, previous -0.3 to 51.9.
0430 ETEurozone May Sentix investor confidence expected -0.9 to 19.1, Apr 20.0.
UKn/aUK markets closed for May Day.
JPNn/aJapanese markets closed for Greenery Day.
U.S. STOCK CALENDAR05/04/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Dominion Resources Inc/VAD USBef-mktQ1 2015 Earnings ReleaseQ1 20150.964
Loews CorpL USBef-mktQ1 2015 Earnings ReleaseQ1 20150.705
Sysco CorpSYY USBef-mktQ3 2015 Earnings ReleaseQ3 20150.413
Tyson Foods IncTSN USBef-mktQ2 2015 Earnings ReleaseQ2 20150.719
Cablevision Systems CorpCVC USBef-mktQ1 2015 Earnings ReleaseQ1 20150.172
Henry Schein IncHSIC USBef-mktQ1 2015 Earnings ReleaseQ1 20151.267
Diamond Offshore Drilling IncDO USBef-mktQ1 2015 Earnings ReleaseQ1 20150.423
Cognizant Technology Solutions CorpCTSH USBef-mktQ1 2015 Earnings ReleaseQ1 20150.696
Comcast CorpCMCSA US6:00Q1 2015 Earnings ReleaseQ1 20150.737
Comcast CorpCMCSA US7:30Q1 2015 Earnings CallQ1 2015
Cognizant Technology Solutions CorpCTSH US8:00Q1 2015 Earnings CallQ1 2015
Diamond Offshore Drilling IncDO US8:30Q1 2015 Earnings CallQ1 2015
Fidelity National Information Services IncFIS US8:30Investor DayY 2015
Tyson Foods IncTSN US9:00Q2 2015 Earnings CallQ2 2015
Aflac IncAFL US10:00Annual General MeetingY 2015
Dominion Resources Inc/VAD US10:00Q1 2015 Earnings CallQ1 2015
Sysco CorpSYY US10:00Q3 2015 Earnings CallQ3 2015
Cablevision Systems CorpCVC US10:00Q1 2015 Earnings CallQ1 2015
Henry Schein IncHSIC US10:00Q1 2015 Earnings CallQ1 2015
Loews CorpL US11:00Q1 2015 Earnings CallQ1 2015
McDonald's CorpMCD US11:00Investor ConferenceY 2015
Anadarko Petroleum CorpAPC USAft-mktQ1 2015 Earnings ReleaseQ1 2015-0.647
EOG Resources IncEOG USAft-mktQ1 2015 Earnings ReleaseQ1 20150.009
Tenet Healthcare CorpTHC USAft-mktQ1 2015 Earnings ReleaseQ1 20150.312
Vornado Realty TrustVNO USAft-mktQ1 2015 Earnings ReleaseQ1 20151.188
DaVita HealthCare Partners IncDVA USAft-mktQ1 2015 Earnings ReleaseQ1 20150.867
Dun & Bradstreet Corp/TheDNB USAft-mktQ1 2015 Earnings ReleaseQ1 20151.231
Cimarex Energy CoXEC USAft-mktQ1 2015 Earnings ReleaseQ1 2015-0.38
Eli Lilly & CoLLY USAnnual General Meeting
Masco CorpMAS USAnnual General Meeting
PG&E CorpPCG USAnnual General Meeting
AutoNation IncAN USApril 2015 Sales and Revenue Release2015
Delta Air Lines IncDAL USApril 2015 Sales and Revenue Release - Traffic Results2015
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