Showing posts with label DGX. Show all posts
Showing posts with label DGX. Show all posts

Monday, November 30, 2015

MORNING CALL 11/30

MORNING CALL

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ15 +0.13%) are up +0.08% and European stocks are up +0.81% at a 3-1/2 month high. European stocks recovered from early losses and EUR/USD Slid to a 7-1/2 month low on expectations for the ECB to take additional steps to boost inflation at Thursday's policy meeting. European automakers were leading the overall market higher with Volkswagen AG and PSA Peugeot Citroen both up more than 2% on expectations of increased profits with the sell-off in EUR/USD. Limiting gains in stocks is a sell-off in BHP Billiton Ltd. which fell nearly 6% to a 7-year low as Brazil said it is seeking $5.2 billion in compensation for a dam collapse at an iron-ore mine run by Billiton ad Vales SA. Asian stocks settled mostly lower: Japan-0.69%, Hong Kong -0.33%, China +0.26%, Taiwan -0.93%, Australia -0.69%, Singapore -0.11%, South Korea -1.94%, India +0.07%. China's Shanghai Composite rebounded from a 3-week low in the last hour of trade and closed higher on speculation the government intervened in the market to support equities.
The dollar index (DXY00 +0.20%) is up +0.21% at an 8-1/2 month high. EUR/USD (^EURUSD) is down -0.16% at a 7-1/2 month low. USD/JPY (^USDJPY) is up +0.21%.
Dec T-note prices (ZNZ15 -0.10%) are down -5 ticks.
Japan Oct industrial production rose +1.4% m/m and fell -1.4% y/y, weaker than expectations of +1.8% m/m and -0.9% y/y.
German Oct retail sales fell -0.4% m/m and rose +2.1% y/y, weaker than expectations of +0.4% m/m and +2.9% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Nov Milwaukee ISM (expected +1.34 to 48.00, Oct +7.22 to 46.66), (2) Nov Chicago PMI (expected -2.2 to 54.0, Oct +7.5 to 56.2), (3) Oct pending home sales (expected +1.0% m/m and +4.5% y/y, Sep -2.3% m/m and +2.5% y/y), (4) Nov Dallas Fed manufacturing outlook level of general business activity (expected +2.7 to -10.0, Oct -3.2 to 12.7).
There are 2 of the Russell 3000 companies report earnings today: Golar LNG (consensus -0.33), Thor Industries (0.83).
U.S. IPO's scheduled to price today: GenSight Biologics (GNST), Ardelyx (ARDX).
Equity conferences this week include: Berenberg Bank European Conference on Mon, Citi Chemicals Conference on Tue, Credit Suisse Technology Conference on Tue, Citi Basic Materials Conference on Tue-Wed, Cowen and Company Ultimate Energy Conference on Tue-Wed, Piper Jaffray Health Care Conference on Tue-Wed, Credit Suisse Global Industrials Conference on Tue-Thu, Credit Suisse Technology, Media & Telecom Conference on Tue-Thu, Citi Global Financial Conference on Wed, J.P. Morgan Fintech & Specialty Finance Forum on Wed, Wells Fargo Connected Commerce Investor Summit on Wed, NASDAQ OMX Group, Inc. Investor Program on Wed-Thu, ASEAN Business Summit on Wed-Thu, Bank of America Merrill Lynch Leveraged Finance Conference on Thu.








OVERNIGHT U.S. STOCK MOVERS
Helmerich & Payne (HP -1.93%) was upgraded to 'Buy' from 'Neutral' at Guggenheim.
Microsoft (MSFT +0.45%) was raised to a 'Strong Buy' at Raymond James.
Diamond Offshore Drilling (DO -3.62%) and Transocean (RIG -2.49%) were both raised to 'Buy' from 'Neutral' at Guggenheim.
Dynavax Technologies (DVAX -0.64%) was rated a new 'Outperform' at RBC Capital Markets with a 12-month price target of $48.
Prologis (PLD +0.83%) was downgraded to 'Market Perform' from Outperform' at Wells Fargo Securities.
Marriott International (MAR -0.50%) and Starwood Hotels & Resorts Worldwide ({=HOT were both cut to 'Hold' from 'Buy' at Evercore ISI.
Raytheon (RTN +0.54%) was cut to 'Equal Weight' from 'Overweight' at Barclays.
FMC Technologies (FTI -1.56%) was upgraded to 'Buy' from 'Neutral' at Guggenheim.
Lululemon (LULU -0.85%) was cut to 'Under Perform' from 'Market Perform' at FBR Capital.
Paccar (PCAR +0.47%) was downgraded to 'Sector Perform' from 'Outperform' at RBC Capital Markets.
Quest Diagnostics (DGX +0.34%) won dismissal of a class action lawsuit brought by consumers claiming it monopolized the Northern California diagnostic labs market.
According to Catchpoint Systems, Neiman Marcus' (NMG) webpage was down for nearly the entire day on Black Friday.
According to people familiar with the company's plans, American International Group (AIG +0.84%) is considering the sale of blocks of life policies.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ15 +0.13%) this morning are up +1.75 points (+0.08%). Friday's closes: S&P 500 +0.06%, Dow Jones -0.08%, Nasdaq +0.16%. The S&P 500 on Friday closed higher on optimism about the holiday shopping season after Adobe Systems reported a surge in e-commerce sales on Thanksgiving day with an expected $1.7 billion expected to be spent online, a +22% increase from last year. In addition, there was a rally in small cap stocks as health-care and consumer staples companies moved higher. Stocks were undercut by a -5.48% plunge in China's Shanghai Composite and by weakness in media stocks after Disney dropped over 3% after it reported subscriptions to its ESPN sports programming fell 3% in its last fiscal year.
Dec 10-year T-notes (ZNZ15 -0.10%) this morning are down -5 ticks. Friday's closes: TYZ5 +3.50, FVZ5 +2.00. Dec T-notes on Friday rallied to a 3-week high and closed higher on safe-haven demand after the -5.5% plunge in the China Shanghai Composite index. T-notes were also boost by carryover support from a rally in German bunds to a 4-week high on expectations for the ECB to cut its deposit facility rate by 10 bp when it meets on Thursday.
The dollar index (DXY00 +0.20%) this morning is up +0.210 (+0.21%) at a fresh 8-1/2 month high. EUR/USD (^EURUSD) is down -0.0017 (-0.16%) at a news 7-1/2 month low. USD/JPY (^USDJPY) is up +0.26 (+0.21%). Friday's closes: Dollar Index +0.225 (+0.23%), EUR/USD -0.0014 (-0.13%), USD/JPY +0.28 (+0.23%). The dollar index on Friday climbed to an 8-1/2 month high and closed higher on divergent central bank policies with the Fed expected to raise interest rates in December while the ECB this Thursday is expected to cut the bank deposit rate by 10 bp to -0.30% and expand its QE program.
Jan crude oil (CLF16 +0.41%) this morning is up +34 cents (+0.82%) and Jan gasoline (RBF16 -0.16%) is up +0.0054 (+0.40%). Friday's closes: CLF6-1.27 (-2.95%), RBF6 -0.0138 (-1.02%). Jan crude oil and gasoline on Friday closed lower on the rally in the dollar index to an 8-1/2 month high and concern about the global crude oil supply glut after the chairman of Libya's National Oil Corp. said that oil production from Libya's Sharara and Elephant oil fields, which have been closed for a year with a combined capacity of 440,000 bpd, could resume full production within a week of a decision to restart operations.
GLOBAL EVENT CALENDAR11/30/2015
US0900 ETNov Milwaukee ISM expected +1.34 to 48.00, Oct +7.22 to 46.66.
0945 ETNov Chicago PMI expected -2.2 to 54.0, Oct +7.5 to 56.2.
1000 ETOct pending home sales expected +1.0% m/m and +4.5% y/y, Sep -2.3% m/m and +2.5% y/y.
1030 ETNov Dallas Fed manufacturing outlook level of general business activity expected +2.7 to -10.0, Oct -3.2 to 12.7.
1100 ETUSDA weekly grain export inspections.
1600 ETUSDA weekly crop progress.
JPN0000 ETJapan Oct housing starts expected +2.6% y/y to 908,000 annualized, Sep +2.6% y/y to 900,000 annualized.
0000 ETJapan Oct construction orders, Sep +6.7% y/y.
1850 ETJapan Q3 capital spending expected +2.2% y/y, Q2 +5.6% y/y. Q3 capital spending ex-software expected +1.8% y/y, Q2 +6.6% y/y.
2035 ETRevised Japan Nov Nikkei manufacturing PMI, preliminary +0.4 to 52.8.
UK0430 ETUK Oct net consumer credit expected +1.3 billion pounds, Sep +1.3 billion pounds.
0430 ETUK Oct mortgage approvals expected 69,900, Sep 68.900.
0430 ETUK Oct M4 money supply, Sep -1.0% m/m and -0.6% y/y.
0430 ETUK Nov Lloyds business barometer, Oct 50.
GER0200 ETGerman Oct retail sales expected +0.3% m/m and +2.9% y/y, Sep unch m/m and +3.4% y/y.
0800 ETGerman Nov CPI (EU harmonized) expected +0.1% m/m and +0.3% y/y, Oct unch m/m and +0.2% y/y.
CHI2000 ETChina Nov manufacturing PMI expected +0.1 to 49.9, Oct 49.8. Nov non-manufacturing PMI, Oct 53.1.
U.S. STOCK CALENDAR11/30/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Golar LNG LtdGLNG USBef-mktQ3 2015 Earnings ReleaseQ3 2015-0.325
Golar LNG LtdGLNG US10:00Q3 2015 Earnings CallQ3 2015
Thor Industries IncTHO USQ1 2016 Earnings ReleaseQ1 20160.826
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Saturday, July 11, 2015

Sell Signals - ZNGA, ALSK, ADM, DGX

This week I deleted Zynga (ZNGA), Alaska Communications Systems (ALSK), Archer Daniels Midland (ADM) and Quest Diagnostics (DGX) from the Barchart Van Meerten New High portfolio for negative price momentum.

Zynga (ZNGA)


Barchart technical indicators:

  • 48% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 18.96% off its recent high
  • Relative Strength Index 27.03%
  • Recently traded at 2.65 which is below its 50 day moving average of 2.89



Barchart Technical indicators:

  • 40% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 16.28% off its recent high
  • Relative Strength Index 33.61%
  • Recently traded at 33.61 with a 50 day moving average of 2.37


Barchart technical indicators:
  • 64% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 10 day moving averages
  • 12.43% off its recent high
  • Relative Strength Index 26.97%
  • Recently traded at 47.21 with a 50 day moving average of 51.00


Barchart technical indicators:
  • 72% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 10 day moving averages
  • 19.57% below its recent high
  • Relative Strength Index 46.18%
  • Recently traded at 71.58 with a 50 day moving average of 72.84


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Thursday, October 17, 2013

Barchart Morning Call 10/17

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ13 -0.07%) this morning are down -0.09% and European stocks are down -0.38%. Asian stocks closed mixed: Japan +0.83%, Hong Kong -0.57%, China -0.33%, Taiwan +0.51%, Australia +0.38%, Singapore +0.40%, South Korea +0.50%, India -0.64%. Stocks are weaker even after President Obama signed into law a measure ending the 16-day government shutdown and extending the debt limit. U.S. lawmakers didn't resolve any of their issues over spending priorities or deficit-reduction measures and will still have to return to the same issues over the next 4 months. IBM is down 5.8% in pre-market trading and is leading stocks lower after it reported its sixth consecutive drop in quarterly sales. Commodity prices are mixed. Nov crude oil (CLX13 -0.43%) is down -0.49% and Nov gasoline (RBX13 -0.36%) is down -0.31. Dec gold (GCZ13 +2.57%) is up +1.87% at a 1-week high and Dec copper (HGZ13 -0.86%) is down -0.95%. Agricultural and livestock prices are mostly higher. The dollar index (DXY00 -0.78%) is down -0.66% at a 1-week low as the dysfunction in Washington has spurred speculation the Fed will not taper QE until next year. EUR/USD (^EURUSD) is up +0.68% at a 2-week high and USD/JPY (^USDJPY) is down -0.76%. December T-note prices (ZNZ13 +0.35%) are up +11.5 ticks at a 2-week high on speculation the fight over the debt limit lowered economic growth and undercut consumer confidence and will force the Fed to maintain its pace of bond buying.
Dagong Global Credit Rating Co., one of China's four biggest credit rating companies, cut its sovereign debt rating for the U.S. to A- from A, saying "such political environment over debt repayment renders the dim and pale prospect of the U.S. federal government's solvency."
China Sep foreign direct investment rose +4.9% y/y, a smaller increase than expectations of +5.7% y/y.
UK Sep retail sales ex autos rose +0.7% m/m and +2.8% y/y, better than expectations of +0.3% m/m and +2.2% y/y. Sep retail sales including autos rose +0.6% m/m and +2.2% y/y, stronger than expectations of +0.4% m/m and +2.0% y/y.
Eurozone Aug construction output rose +0.5% m/m and fell -4.7% y/y.
U.S. STOCK PREVIEW
The U.S. government is scheduled to reopen today after the Senate and the House late yesterday approved a CR and debt ceiling deal. The market consensus is that today’s initial unemployment claims report will show a decline of -39,000 to 335,000, reversing part of last week’s surge of +66,000 to a 6-month high 374,000. Meanwhile, today’s continuing claims report is expected to show a small +3,000 increase to 2.908 million, adding to last week’s increase of +16,000 to 2.905 million. Today’s Oct Philadelphia Fed manufacturing index is expected to show a -7.3 point decline to 15.0, reversing about one-half of September’s increase of +13.0 to a 2-1/2 year high of 22.3.
There are 24 of the S&P 500 companies that report earnings today with notable reports including Goldman Sachs (consensus $2.47), Google (10.36), UnitedHealth Group (1.53), Fifth Third Bancorp (0.42), Verizon (0.74), and Capital One (1.81). Equity conferences during the remainder of this week include: International Cash and Treasury Management Conference on Wed-Fri; Canaccord Genuity Global Resource Conference on Wed-Fri; Conference Board of Canada: Canada's North Summit 2013 on Wed; Bloomberg Oil & Gas Conference on Thu; Global Automotive Forum Annual Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Goldman Sachs (GS +2.93%) is down 2% in pre-market trading after it reported Q3 EPS of $2.88, better than consensus of $2.43, but reported Q3 revenue of $6.72 billion, below consensus of $7.36 billion.
Sonoco Products (SON +0.78%) reported Q3 base EPS of 63 cents, better than consensus of 61 cents.
Verizon Communications (VZ +2.01%) reported Qe EPS of 77 cents, better than expectations of 74 cents.
Harley-Davidson (HOG +1.98%) is voluntarily recalling over 28,000 2014 Touring motorcycles equipped with a hydraulic clutch system that may pose a safety issue for riders and/or passengers.
Crown Holdings (CCK -0.80%) reported Q3 EPS of $1.13, better than consensus of $1.08.
Noble Corp. (NE +0.59%) reported Q3 EPS ex-gain of 85 cents, better than consensus of 70 cents.
SanDisk (SNDK +0.40%) climbed 2% in after-hours trading after it reported Q3 adjusted EPS of $1.59, well ahead of consensus of $1.32.
Xilinx (XLNX +1.21%) fell over 4% in after-hours trading after it reported Q2 EPS of 49 cents, below consensus of 53 cents.
eBay (EBAY -0.83%) slid 5% in after-hours trading after it reported Q3 EPS of 64 cents, just above consensus of 63 cents, but said it sees Q4 EPS of 79 cents-81 cents, weaker than consensus of 83 cents.
Amarin (AMRN +3.19%) was downgraded to "Neutral" from 'Buy' at SunTrust and from 'Hold' to 'Buy' at Aegis.
Universal Forest (UFPI +1.21%) reported Q3 EPS of 71 cents, well ahead of consensus of 54 cents.
IBM (IBM +1.12%) fell over 6% in after-hours trading after it reported Q3 EPS of $3.99, better than consensus $3.96, although Q3 revenue of $23.7 billion was below consensus of $24.77 billion.
American Express (AXP +1.42%) reported Q3 EPS of $1.25, better than consensus of $1.22.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ13 -0.07%) this morning are down -1.50 points (-0.09%). The S&P 500 index on Wednesday rallied sharply to a 3-week high and closed higher on optimism U.S. lawmakers will finally agree on a CR and a debt limit increase. Stocks surged after House Republicans guaranteed passage of the Senate's plan to end the government shutdown and extend the debt ceiling. Stocks also received support on reduced chances of the Fed tapering QE this month when Dallas Fed President Fisher said that "reckless" U.S. fiscal policy will likely force the Fed to maintain QE at the Oct 29-30 FOMC meeting. Closes: S&P 500 +1.38%, Dow Jones +1.36%, Nasdaq 100 +1.14%.
Dec 10-year T-notes (ZNZ13 +0.35%) this morning are up +11.5 ticks at a 2-week high. Dec 10-year T-note prices on Wednesday recovered from a 3-week low and closed higher. T-notes weakened early on reduced safe-haven demand after stocks rallied sharply on optimism for a debt limit increase after House Republicans said they will pass the Senate plan to end the U.S. fiscal stalemate. However, Dec T-notes recovered their losses and moved higher after the Oct NAHB housing market index fell more than expected to a 4-month low and after Dallas Fed President Fisher said the Fed will stand pat at this month's FOMC meeting. Closes: TYZ3 +13, FVZ3 +6.
The dollar index (DXY00 -0.78%) this morning is down -0.534 (-0.66%) at a 1-week low. EUR/USD (^EURUSD) is up +0.0092 (+0.68%) at a 2-week high and USD/JPY (^USDJPY) is down -0.75 (-0.76%). The dollar index on Wednesday retreated from a 4-week high and closed little changed after Dallas Fed President Fisher said the fiscal mess in Washington will force the Fed to not taper QE at this month's FOMC meeting. The dollar had rallied early on optimism a debt ceiling hike will finally be implemented after House Speaker Boehner said he will agree to take up the Senate plan to end the fiscal impasse. Closes: Dollar index -0.003 (-0.01%), EUR/USD +0.0010 (+0.07%), USD/JPY +0.611 (+0.62%).
Nov WTI crude oil (CLX13 -0.43%) this morning is down -50 cents (-0.49%) and Nov gasoline (RBX13 -0.36%) is down -0.0083 (-0.31%). Nov crude oil and gasoline prices on Wednesday closed higher with Nov gasoline at a 4-week high on optimism U.S. lawmakers will come together on a deal to raise the debt limit after House Speaker Boehner said he will agree to take up the Senate plan to end the impasse. Closes: CLX3 +1.08 (+1.07%), RBX3 +0.0423 (+1.59%).
GLOBAL EVENT CALENDAR10/17/2013
USn/aTreasurys hits debt ceiling with about $30 billion left in cash.
0745 ETDallas Fed President Richard Fisher speaks at the Economic Club of New York breakfast.
0830 ETWeekly initial unemployment claims expected -39,000 to 335,000, previous +66,000 to 374,000. Weekly continuing claims expected +3,000 to 2.908 million, previous +16,000 to 2.905 million.
0830 ETSep housing starts expected +2.1% to 910,000, Aug +0.9% to 891,000. Sep building permits expected +1.0% to 935,000, Aug -2.9% to 926,000 (subject to postponement).
0830 ETSep CPI expected +0.2% m/m and +1.2% y/y, Aug +0.1% m/m and +1.5% y/y. Sep CPI ex food and energy expected +0.2% m/m and +1.8% y/y, Aug +0.1% m/m and +1.8% y/y (subject to postponement).
1000 ETOct Philadelphia Fed manufacturing index expected -7.3 to 15.0, Sep +13.0 to 22.3.
1100 ETEIA Weekly Petroleum Status Report (postponed).
1100 ETTreasury announces amount of 30-year TIPS to be auctioned Oct 24.
1245 ETChicago Fed President Charles Evans speaks at the Wisconsin Real Estate and Economic Outlook Conference.
1245 ETKansas City Fed President Esther George speaks on the U.S. economy at the Oklahoma City Business and Community Leaders Luncheon.
JPN0200 ETRevised Japan Sep machine tool orders, previous -6.3%.
EUR0400 ETEurozone Aug current account (nsa), July +26.6 billion euros.
0500 ETEurozone Aug construction output, July +0.3% m/m and -1.2% y/y.
UK0430 ETUK Sep retail sales ex autos expected +0.3% m/m and +2.2% y/y, Aug -1.0% m/m and +2.3% y/y.
0430 ETUK Sep retail sales including autos expected +0.4% and +2.0% y/y, Aug -0.9% m/m and +2.1% y/y.
CHI2200 ETChina Q3 GDP expected +7.8% annualized, Q2 +7.5% annualized.
2200 ETChina Sep industrial production expected +10.2% y/y, Aug +10.4% y/y.
2200 ETChina Sep retail sales expected +13.5% y/y, Aug +13.4% y/y.
U.S. STOCK CALENDAR10/17/2013
Company NameTickerTimeEvent DescriptionPeriodEstimate
Nucor CorpNUE USBef-mktQ3 2013 Earnings ReleaseQ3 20130.389
PPG Industries IncPPG USBef-mktQ3 2013 Earnings ReleaseQ3 20132.345
Huntington Bancshares Inc/OHHBAN USBef-mktQ3 2013 Earnings ReleaseQ3 20130.17
Snap-on IncSNA USBef-mktQ3 2013 Earnings ReleaseQ3 20131.415
BB&T CorpBBT USBef-mktQ3 2013 Earnings ReleaseQ3 20130.699
Quest Diagnostics IncDGX USBef-mktQ3 2013 Earnings ReleaseQ3 20131.02
Peabody Energy CorpBTU USBef-mktQ3 2013 Earnings ReleaseQ3 2013-0.044
M&T Bank CorpMTB USBef-mktQ3 2013 Earnings ReleaseQ3 20132.088
Danaher CorpDHR US6:00Q3 2013 Earnings ReleaseQ3 20130.828
UnitedHealth Group IncUNH US6:00Q3 2013 Earnings ReleaseQ3 20131.526
Fifth Third BancorpFITB US6:30Q3 2013 Earnings ReleaseQ3 20130.415
Baxter International IncBAX US7:00Q3 2013 Earnings ReleaseQ3 20131.191
Philip Morris International IncPM US7:00Q3 2013 Earnings ReleaseQ3 20131.433
Dover CorpDOV US7:00Q3 2013 Earnings ReleaseQ3 20131.498
Verizon Communications IncVZ US7:30Q3 2013 Earnings ReleaseQ3 20130.739
Goldman Sachs Group Inc/TheGS US7:30Q3 2013 Earnings ReleaseQ3 20132.467
BB&T CorpBBT US8:00Q3 2013 Earnings CallQ3 2013
Danaher CorpDHR US8:00Q3 2013 Earnings CallQ3 2013
Union Pacific CorpUNP US8:00Q3 2013 Earnings ReleaseQ3 20132.47
Amphenol CorpAPH US8:00Q3 2013 Earnings ReleaseQ3 20130.965
SLM CorpSLM US8:00Q3 2013 Earnings CallQ3 2013
Baxter International IncBAX US8:30Q3 2013 Earnings CallQ3 2013
Verizon Communications IncVZ US8:30Q3 2013 Earnings CallQ3 2013
Quest Diagnostics IncDGX US8:30Q3 2013 Earnings CallQ3 2013
Union Pacific CorpUNP US8:45Q3 2013 Earnings CallQ3 2013
UnitedHealth Group IncUNH US8:45Q3 2013 Earnings CallQ3 2013
Philip Morris International IncPM US9:00Q3 2013 Earnings CallQ3 2013
Noble CorpNE US9:00Q3 2013 Earnings CallQ3 2013
Fifth Third BancorpFITB US9:00Q3 2013 Earnings CallQ3 2013
Goldman Sachs Group Inc/TheGS US9:30Q3 2013 Earnings CallQ3 2013
Huntington Bancshares Inc/OHHBAN US10:00Q3 2013 Earnings CallQ3 2013
Snap-on IncSNA US10:00Q3 2013 Earnings CallQ3 2013
Dover CorpDOV US10:00Q3 2013 Earnings CallQ3 2013
Dell IncDELL US10:00Annual General MeetingY 2013
Google IncGOOG USAft-mktQ3 2013 Earnings ReleaseQ3 201310.357
Intuitive Surgical IncISRG USAft-mktQ3 2013 Earnings ReleaseQ3 20133.395
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Thursday, May 30, 2013

Quest Diagnostics - Barchart's Chart of the Day

Summary:

Quest Diagnostics (DGX) is the Chart of the Day.  The medical diagnostic provider has 96% Barchart technical buy signals and a Trend Spotter buy signal.  16 new highs and a gain of 11.43% in the last month caught my attention.

Article:

The Chart of the Day is Quest Diagnostics (DGX).  The stock has a Relative Strength Index of 76.38% after rising in 16 of the trading session last month.  The stock was found on the New High List after sorting for frequency.

The company is a provider of diagnostic testing, information and services that patients and doctors need to make better healthcare decisions. They offer access to diagnostic testing services through its national network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff.



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% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 11.43% in the last month
  • Relative Strength Index 76.38%
  • Barchart computes a technical support level at 61.05
  • Recently traded at 62.50 with a 50 day moving average of 58.18
Fundamental factors:
  • Market Cap - $9.89 billion
  • P/E 14.58
  • Dividend yield 1.94%
  • Revenue projected to increase 1.50% next year
  • Earnings estimated to increase 10.00% next year and continue to increase annually by 11.50% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 13 hold and 2 strong sell recommendations
  • Financial Strength B++
Exit if the stock drops below its 50 day moving average.


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Wednesday, October 17, 2012

Barchart Morning Call 10/17


Barchart Morning Call
BC - 2 hrs 9 mins ago
Overnight Developments
  • Dec E-mini S&Ps are trading slightly higher by +0.14% as European stocks are up +0.65% on relief that Moody's late yesterday left Spain's credit rating unchanged at investment grade. Asian stocks today closed mostly higher with Japan up +1.21%, Hong Kong up +0.99%, and China up +0.11%. Commodity prices today are mildly higher by +0.22% with Nov crude oil up +0.21%, Dec gold up +0.33%, Dec copper up +0.14%, and agriculture prices mostly higher. The dollar index is down -0.46% and EUR/USD is up +0.52% on Moody's action on Spain. Dec 10-year T-note prices are down 9.5 ticks.
  • The yield on Spanish 10-year bond plunged by 26 bp to 5.55% after Moody's late yesterday left Spain's rating unchanged at the investment grade of Baa3 due to expectations that Spain would benefit from the ECB/ESM bailout program. There were some market fears that Moody's might cut Spain's credit rating to junk status and cause a wholesale dumping of Spanish bonds by investors. Italian 10-year bond yields dropped by 10 bp to 4.83%.
  • The UK employment data was a bit better than expected, which was supportive for GBP/USD. The UK Aug ILO unemployment rate (3-month average) fell by 0.2 points to 7.9% from 8.1% in July. Aug employment rose by +212,000, which was down from +236,000 but stronger than expectations of +200,000. Sep jobless claims fell by 4,000 versus expectations of unchanged. The Sep claimant count rate was unchanged from Aug at 4.8%.
  • The minutes from the Bank of England's Oct 3-4 meeting indicated that BOE monetary policy committee members are split on whether further quantitative easing is necessary. The MPC at that meeting left the base rate unchanged at 0.50% and left its bond-purchase target unchanged at 375 billion pounds. The news reduced the odds that the MPC will extend its QE program at their next meeting in November. That news was supportive for GPB/USD (up 0.38%) but bearish for Dec 10-year gilt prices (-0.70 points).
  • The Eurozone Aug construction output report of +0.7% m/m and -5.5% y/y improved from July's revised +0.1% m/m and -6.2% y/y.
  • The German government forecasted German GDP growth at +0.8% in 2012 while cutting the 2013 forecast to +1.0% from +1.6%.
  • Chinese Premier Wen Jiabao today said that China's Q3 economic situation is "relatively good." He said that China's economic growth is stabilizing. However, he also said that China should stick with its property curb policies and that the property market is still "unstable." China tonight is expected to report that Q3 GDP eased to +7.4% from +7.6% in Q2.
    Market Comments
    • Dec E-mini S&Ps this morning are up 2.00 points (+0.14%) on the 0.65% rally in Euro Stoxx 50 index on the lack of a Moody's downgrade of Spain's credit rating. The market also received some support from Chinese Premier Wen's comment that China's Q3 economic situation is "relatively good," which may indicate a favorable Chinese Q3 GDP report tonight . The S&P 500 index on Tuesday closed with fairly sharp gains: S&P 500 +1.03%, Dow Jones +0.95%, Nasdaq 100 +1.41%. Bullish factors included (1) various reports that Spain is getting close to requesting a precautionary line of credit from the ECB/ESM bailout program, (2) the 1 point increase in the NAHB housing market index to a new 6-1/3 year high of 41, (3) the stronger-than-expected Sep industrial production report of +0.4% (versus expectations of +0.2%), although Aug was revised lower to -1.4% from -1.2%, (4) news that Moody's will not downgrade Spain's credit rating after its review, and (5) an improvement in the German and Eurozone Zew indexes that measure investor and analyst confidence.
    • Dec 10-year T-notes this morning are . Dec 10-year T-note prices on Tuesday closed with fairly sharp losses: TYZ2 -14, FVZ2 -5. Bearish factors included the positive U.S. economic data and reduced safe-haven demand with the positive news on Spain.
    • The dollar index this morning is trading with a fairly sharp loss of -0.37 points (-0.46%) thanks to the 0.0068 point (+0.52%) rally in EUR/USD on the lack of a Moody's downgrade of Spain. USD/JPY is down -0.24 (-0.30%). The dollar index on Tuesday closed moderately lower: Dollar index -0.29 (-0.36%), EUR/USD +0.0054 (+0.41%), USD/JPY -0.03 (-0.04%). The dollar index was undercut by reduced safe-haven demand with the rally in stocks and some optimism about Spain. EUR/USD was boosted by reports that Spain is close to requesting a precautionary line of credit from the ECB/ESM bailout program and indications that German officials are coming to accept that move. EUR/USD was also boosted by a rise in the ZEW confidence indexes. The German Oct Zew economic sentiment index rose to -11.5 from -18.2 in September and was stronger than market expectations of -14.9. The Eurozone Oct Zew economic sentiment index improved to -1.4 from -3.8 in September.
    • Nov WTI crude oil prices this morning are mildly higher by +0.19 (+0.21%) and Nov gasoline is up +0.0085 (+0.30%) on this morning's weakness in the dollar index and the rally in global stocks. Nov crude oil and gasoline prices closed mixed on Tuesday: CLX2 +0.24 (+0.26%), RBX2 -0.0050 (-0.18%). Crude oil received a boost from the rally in stocks and the improved sentiment on Europe. The market consensus for today's weekly DOE report is for a 1.5 million barrel increase in crude oil inventories due to high U.S. oil production and an increase in crude oil imports, a 250,000 barrel increase in gasoline inventories, a 1.25 million barrel decline in distillate inventories, and a 0.3 point increase to 87.0% in the refinery utilization rate.
    • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
      Today's U.S. Earnings Reports Earnings reports (ranked by market cap): ABT-Abbott Labs (Consensus:$1.28), PEP-Pepsico (1.16), BAC-Bank of America (0.16), AXP-American Express (1.09), USB-US Bancorp (0.73), EBAY-Ebay (0.55), KMI-Kinder Morgan (0.28), BLK-Blackrock (3.32%), HAL-Haliburton (0.58), BK-Bank NY Mellon (0.54), SYK-Stryker (0.98), STJ-St Jude Medical (0.81), MTB-M&T Bank Corp (1.86), SWK-Stanley Black (1.45), NTRS-Northern Trust (0.74), DOV-Dover Corp (1.29), DGX-Quest Diagnostic (1.18), CHKP-Check Point Software (0.78), APH-Ampheno (0.89), NE-Noble (0.48), XLNX-Xilinx (0.41).
      Global Financial Calendar
      Wednesday 10/17/12
      United States
      0700 ET Weekly MBA mortgage applications, previous -1.2% with purchase sub-index +2.4% and refi sub-index -2.0%.
      0830 ET Sep housing starts expected +2.7% to 770,000, Aug +2.3% m/m to 750,000. Sep building permits expected +1.1% to 810,000, Aug -1.0% to 801,000.
      1030 ET DOE Weekly Petroleum Status Report.
      Japan
      0200 ET Japan final-Sep machine tool orders, prelim -3.0% y/y.
      United Kingdom
      0430 ET Bank of England meeting minutes.
      0430 ET UK Sep claimant count rate expected 4.8%, Aug 4.8%. Sep jobless claims change expected unch, Aug -15,000.
      0430 ET Aug ILO unemployment rate (3mo) expected 8.1%, Aug 8.1%. Aug employment change expected +200,000, July +236,000 3mo/3mo.
      0430 ET UK Aug average weekly earnings expected +1.6% 3mo y/y, July +1.5%. Aug average weekly earnings ex-bonus expected +2.0% 3mo y/y, July +1.9%.
      Euro-Zone
      0500 ET Eurozone Aug construction output, July -0.3% m/m and -4.7% y/y.
      Germany
      0600 ET German government releases new macroeconomic forecasts.
      China
      2130 ET China Sep property price.
      2200 ET China Q3 GDP expected +7.4% y/y, Q2 +7.6% y/y (+1.8% q/q).
      2200 ET China Sep industrial production expected +9.0% y/y, Aug +8.9% y/y.
      2200 ET China Sep fixed asset investment ex rural (ytd y/y) expected +20.2%, Aug +20.2%.
      2200 ET China Sep retail sales expected +13.2% y/y, Aug +13.2% y/y.
      Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
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Monday, April 2, 2012

5 great Large Cap S&P 500 Stocks

This morning I used Barchart to find the 5 Large Cap S&P 500 stocks having the most steady upward momentum and found Starbucks (SBUX), Philip Morris (PM), Quest Diagnostics (DGX), Direct TV (DTV), and KLA - Tencor (KLAC):

Starbucks (SBUX)



Barchart technical indicators:

  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 15.36% in the last month
  • Relative Strength Index 80.61%
  • Barchart computes a technical support level at 55.45
  • Recently traded at 56.35 with a 50 day moving average of 50.46
Philip Morris (PM)



Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 15 new highs and up 5.57% in the last month
  • Relative Strength Index 73.60%
  • Barchart computes a technical support level at 86.39
  • Recently traded at 89.36 with a 50 day moving average of 82.32
Quest Diagnostics (DGX)



Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 15 new highs and up 6.35% in the last month
  • Relative Strength Index 67.36%
  • Barchart computes a technical support level at 60.18
  • Recently traded at 61.80 with a 50 day moving average of 58.67
Direct TV (DTV)




Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20 , 50 and 100 day moving averages
  • 14 new highs and up 6.64% in the last month
  • Relative Strength Index 71.68%
  • Barchart computes a technical support level at 48.57
  • Recently traded at 49.59 with a 50 day moving average of 46.34
KLA-Tencor (KLAC)



Barhcrat technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • Relative Strength Index 72.14%
  • Barchart computes a technical support level at 53.47
  • Recently traded at 54.46 with a 50 day moving average of 50.65
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Monday, July 25, 2011

Quest Diagnostics - sell signals

This morning there were sell signals on Barchart for Quest Diagnostics (DGX) so I deleted it from the Barchart Van Meerten New High Portfolio.  for negative price performance.


Barchart technical indicators:
  • 60% Barchart short term sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 7.84% off its recent high
  • Relative Strength Index 33.09% and falling
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Tuesday, June 28, 2011

Quest Diagnostics

Complete article and charts

This morning while screening on Barchart for S&P 500 stocks having the highest technical buy signals Quest Diagnostics (DGX) was near the top of the list.  The stock hit 11 new highs and is up 4.95% against a market that fell 5.41% using the Value Line Index of 1700 stocks as my benchmark.  Although recently the stock lagged behind its sector it has recently gained momentum.

Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 11 new highs and up 4.95% in a down market
  • Relative Strength Index 76.49%
  • Trades around 60.94 with a 50 day moving average of 57.95
Summary:  Quest Diagnostics (DGX) is starting to gain momentum after lagging behind the sector recently. Analysts had 2 major concerns - first, some acquisitions that now have seem to be merged properly and secondly, some legal concerns of over billing made by the State of California that have now been settled.  Long term investors could see an annual total return of between 15% - 17% over the next 5 years.

Jim Van Meerten is a Marketocracy Master

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Friday, June 17, 2011

Quest Diagnostics - Barchart Chart of the Day

Barchart.coms Chart of the Day - Quest Diagnostics (DGX)
Barchart Research Team - Barchart.com - Thu Jun 16, 5:49PM CDT
Related Stocks
DGX - Quest Diagnostics Inc.
Sym Last Chg Pct
DGX 60.16 +0.83 +1.40%
The "Chart of the Day" is Quest Diagnostics (DGX), which showed up on Thursday's Barchart "12-Month High" list. DGX on Thursday rallied by 1.40% and posted a new 1-1/2 year high of $60.23. TrendSpotter has been long on DGX since May 10 at $57.00. In recent news on the stock, the company on April 20 reported Q1 EPS of $1.00, close to the consensus of $1.01. Kaufman Brothers on April 21 reiterated its Buy rating on DGX and raised its target to $69 from $64. Quest Diagnostics, with a market cap of $9 billion, is a leading provider of healthcare diagnostic testing, information and services.

dgx_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. Then we applied a "Custom View" heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
Barchart's Opinion trading systems are all a Buy and Barchart's daily TrendSpotter trading system is a "Buy." 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.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy

Barchart links for further information:

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