Showing posts with label EMN. Show all posts
Showing posts with label EMN. Show all posts

Friday, January 30, 2015

BARCHART MORNING CALL 1/30

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH15 -0.69%) this morning are down -0.63% and European stocks are down -0.10% on Eurozone deflation concerns after Jan Eurozone consumer prices fell a more-than-expected -0.6% y/y and matched the largest decline since the euro currency was introduced in 1999. Losses in European stocks were limited after the Eurozone Dec unemployment rate unexpectedly declined to the lowest in 28 months. The Russian ruble tumbled to a 1-1/2 month low against the dollar after Russia's central bank cut the 1-week auction rate to 15% from 17%. Credit-default swaps on Russia's government debt rose 3 bp to 617 bp, the highest since March 2009. Asian stocks closed mixed: Japan +0.39%, Hong Kong -0.36%, China -1.36%, Taiwan -0.69%, Australia +0.34%, Singapore -0.81%, South Korea -0.23%, India -1.68%. China's Shanghai Stock Index fell to a 1-1/2 week low as government regulators begin efforts to cool the growth of margin trading. Commodity prices are mostly higher. Mar crude oil (CLH15 +0.97%) is up +1.32%. Mar gasoline (RBH15 +0.34%) is up +0.30%. Feb gold (GCG15 +0.66%) is up +0.71%. Mar copper (HGH15 +1.16%) is up +1.04%. Agriculture prices are higher. The dollar index (DXY00 -0.26%) is down -0.35%. EUR/USD (^EURUSD) is up +0.23%. USD/JPY (^USDJPY) is down -0.52%. Mar T-note prices (ZNH15 +0.23%) are up +9.5 ticks.
The Eurozone Jan CPI estimate fell -0.6% y/y, a bigger decline than expectations of -0.5% y/y and matched the July 2009 decrease as the biggest drop since the euro currency was introduced in 1999. The Jan core CPI rose +0.6% y/y, less than expectations of +0.7% y/y and the slowest pace of increase since the data series began in 1997.
The Eurozone Dec unemployment rate unexpectedly fell -0.1 to 11.4%, better than expectations of unch at 11.5% and the lowest in 28 months.
German Dec retail sales rose +0.2% m/m, less than expectations of +0.3% m/m, but on an annual basis rose +4.0% y/y, more than expectations of +3.6% y/y and the largest annual increase in 2-1/2 years.
UK Dec net consumer credit rose +0.6 billion pounds, less than expectations of +1.2 billion pounds and the slowest pace of increase in 13 months.
UK Dec mortgage approvals rose 60,300, more than expectations of 59,000.
The Japan Dec jobless rate unexpectedly fell -0.1 to 3.4%, better than expectations of unch at 3.5% and the lowest in 17-1/2 years. The Dec job-to-applicant ratio rose +0.03 to 1.15, better than expectations of unch at 1.12 and the highest in 22-3/4 years.
Japan Dec national CPI rose +2.4% y/y, unch from Nov and higher than expectations of -0.1 to 2.3% y/y. Dec national CPI ex-fresh food rose 2.5% y/y, down -0.2 from Nov and the slowest pace of increase in 9 months. Dec national CPI ex food & energy climbed +2.1% y/y, unch from Nov and right on expectations.
Japan Dec industrial production rose +1.0% m/m, less than expectations of +1.2% m/m, although year-over-year Dec industrial production rose +0.3% y/y, right on expectations.
U.S. STOCK PREVIEW
Today’s Q4 GDP report is expected to ease to +3.1% (q/q annualized) from +5.0% in Q3. Today’s final-Jan U.S. consumer confidence index from the University of Michigan is expected to be unrevised from the early-Jan figure of 98.2, thus leaving the final-Jan figure of 98.2 up by +4.6 points from December’s level. Today’s Q4 employment cost index is expected to show an increase of +0.6% q/q, which would be slightly below the +0.7% increase seen in Q3. Today’s Jan Chicago PMI report is expected to show a -1.3 point decline to 57.5, adding to the -1.9 point decline to 58.8 seen in Dec.
There are 18 of the S&P 500 companies that report earnings today with notable reports including: MasterCard (consensus $0.67), Chevron (1.64), Tyson Foods (0.73), AbbVie (0.86), Weyerhaeuser (0.29), Eli Lilly (0.73), Ingersoll-Rand (0.70). There are no equity conferences today.



OVERNIGHT U.S. STOCK MOVERS
Weyerhaeuser (WY -0.45%) reported Q4 EPS of 27 cents, below consensus of 29 cents.
Mattel (MAT -0.33%) reported Q4 EPS of 52 cents, well below consensus of 91 cents.
Eli Lilli (LLY +1.61%) reported Q4 EPS of 75 cents, better than consensus of 73 cents.
Eastman Chemical (EMN -0.01%) reported Q4 adjusted EPS of $1.64, higher than consensus of $1.52.
Unisys (UIS -1.21%) reported Q4 EPS of $1.60, well above consensus of $1.27.
Leggett & Platt (LEG +1.30%) reported Q4 adjusted EPS of 41 cents, less than consensus of 45 cents, and then lowered guidance on fiscal 2015 EPS to $1.90-$2.10, below consensus of $2.10.
Acuity Brands (AYI +0.16%) coverage resumed with a 'Buy' at Stifel witha price target of $185.
C.R. Bard (BCR +1.02%) reported Q4 adjusted EPS of $2.29, higher than consensus of $2.24.
JDSU (JDSU -2.43%) fell 5% in after-hours trading after it reported Q2 EPS of 15 cents, below consensus of 16 cents.
Hanesbrands (HBI +1.44%) reported Q4 adjusted EPS of $1.46, more than consensus of $1.43.
Biogen (BIIB +0.59%) reported Q4 EPS of $4.09, above consensus of $3.78, and then raised guidance on fiscal 2015 EPS to $16.60-$17.00, better than consensus of $16.37.
Broadcom (BRCM +0.83%) rose 3% in after-hours trading after it reported Q4 adjusted EPS ex-SBC of 90 cents, higher than consensus of 87 cents.
Visa (V +0.67%) climbed over 3% in after-hours trading after it reported Q1 EPS of $2.53, better than consensus of $2.49, and then announced a four-for-one stock split.
Principal Financial (PFG +0.29%) reported Q4 EPS of $1.09, higher than consensus of $1.04.
Manitowoc (MTW +0.89%) reported Q4 adjusted EPS of 27 cents, below consensus of 32 cents.
Google (GOOG +0.13%) reported Q4 EPS of $6.88, weaker than consensus of $7.11.
Amazon.com (AMZN +2.59%) jumped 11% in after-hours trading after it reported Q4 EPS of 45 cents, well above consensus of 17 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH15 -0.69%) this morning are down -12.75 points (-0.63%). The S&P 500 index on Thursday rebounded from a 1-1/2 week low and closed higher: S&P 500 -1.35%, Dow Jones -1.13%, Nasdaq -0.60%. Bullish factors included (1) the -43,000 decline in U.S. weekly initial unemployment claims to 265,000, more than expectations of -7,000 to 300,000 and the lowest level in 14-3/4 years, and (2) strength in energy producers which recovered from early losses after crude oil rebounded from a 5-3/4 year low and closed higher. A bearish factor was the unexpected -3.7% m/m decline in U.S. Dec pending home sales, weaker than expectations of a +0.5% m/m increase and the biggest decline in a year.
Mar 10-year T-notes (ZNH15 +0.23%) this morning are up +9.5 ticks. Mar 10-year T-note futures prices on Thursday closed lower. Closes: TYH5 -9.00, FVH5 -4.75. Bearish factors included (1) the larger-than-expected decline in U.S. weekly jobless claims to the lowest level in 14-3/4 years, and (2) reduced safe-haven demand for T-notes after stocks rallied.
The dollar index (DXY00 -0.26%) this morning is down -0.328 (-0.35%). EUR/USD (^EURUSD) is up +0.0026 (+0.23%). USD/JPY (^USDJPY) is down -0.62 (-0.52%). The dollar index on Thursday closed higher: Dollar index +0.315 (+0.33%), EUR/USD +0.00324 (-0.29%), USD/JPY -0.3458 (-0.29%). Bullish factors included (1) the larger-than-expected fall in U.S. weekly jobless claims to the lowest level in 14-3/4 years, which signals labor market strength and bolsters speculation the Fed will soon raise interest rates, and (2) the increase in Eurozone Jan economic confidence to a 6-month high, which was supportive for EUR/USD.
Mar WTI crude oil (CLH15 +0.97%) this morning is up +59 cents (+1.32%) and Mar gasoline (RBH15 +0.34%) is up +0.0042 (+0.30%). Mar crude oil and Mar gasoline on Thursday recovered from early losses and closed higher: CLH5 +0.08 (+0.18%), RBH5 +0.0143 (+1.04%). Mar crude posted a 5-3/4 year low on carry-over weakness from Wednesday’s EIA report where U.S. crude inventories climbed to a record high 406.7 million bbl and U.S. crude production rose to 9.213 million bpd, the highest in over 40 years. However, fund short covering near the lows helped crude oil erase its losses and close higher.
GLOBAL EVENT CALENDAR01/30/2015
US0830 ETQ4 GDP expected +3.1% q/q annualized, Q3 +5.0%. Q4 personal consumption expected +4.0%, Q3 +3.2%. Q2 GDP price index expected +0.9%, Q3 +1.4%. Q4 GDP core PCE expected +1.1% q/q, Q3 +1.4% q/q.
0830 ETQ4 employment cost index expected +0.6%, Q3 +0.7%.
0900 ETJan Milwaukee ISM expected +0.39 to 58.00, Dec -11.32 to 57.61.
0945 ETJan Chicago PMI expected -1.3 to 57.5, Dec -1.9 to 58.8.
0955 ETFinal-Jan U.S. consumer confidence index (University of Michigan) expected unch at 98.2, prelim-Jan +4.6 to 98.2.
JPN0000 ETJapan Dec annualize housing starts expected -14.8% y/y to 900,000, Nov -14.3% y/y to 888,000.
0100 ETJapan Dec construction orders, Nov +16.9% y/y
GER0200 ETGerman Dec retail sales expected +0.3% m/m and +3.6% y/y, Nov +0.5% m/m and -0.8% y/y.
UK0430 ETUK Dec net consumer credit expected +1.2 billion pounds, Nov +1.3 billion pounds.
0430 ETUK Dec mortgage approvals expected 59,000, Nov 59,000.
0430 ETUK Dec M4 money supply, Nov unch m/m and -2.8% y/y.
EUR0500 ETEurozone Jan CPI estimate expected -0.5% y/y, Dec -0.2% y/y. Jan CPI core expected +0.7% y/y, Dec +0.7% y/y.
0500 ETEurozone Dec unemployment rate expected unch at +11.5%.
U.S. STOCK CALENDAR01/30/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Newell Rubbermaid IncNWL USBef-mktQ4 2014 Earnings ReleaseQ4 20140.481
AbbVie IncABBV USBef-mktQ4 2014 Earnings ReleaseQ4 20140.856
Chevron CorpCVX USBef-mktQ4 2014 Earnings ReleaseQ4 20141.643
Tyco International PlcTYC USBef-mktQ1 2015 Earnings ReleaseQ1 20150.491
MasterCard IncMA USBef-mktQ4 2014 Earnings ReleaseQ4 20140.674
Weyerhaeuser CoWY USBef-mktQ4 2014 Earnings ReleaseQ4 20140.287
PACCAR IncPCAR USBef-mktQ4 2014 Earnings ReleaseQ4 20141.095
Simon Property Group IncSPG USBef-mktQ4 2014 Earnings ReleaseQ4 20142.465
Eli Lilly & CoLLY USBef-mktQ4 2014 Earnings ReleaseQ4 20140.732
Mattel IncMAT US6:00Q4 2014 Earnings ReleaseQ4 20140.913
CONSOL Energy IncCNX US6:45Q4 2014 Earnings ReleaseQ4 20140.202
Altria Group IncMO US7:00Q4 2014 Earnings ReleaseQ4 20140.664
Ingersoll-Rand PLCIR US7:00Q4 2014 Earnings ReleaseQ4 20140.698
Xerox CorpXRX US7:15Q4 2014 Earnings ReleaseQ4 20140.288
Tyson Foods IncTSN US7:30Q1 2015 Earnings ReleaseQ1 20150.727
Tyco International PlcTYC US8:00Q1 2015 Earnings CallQ1 2015
Legg Mason IncLM US8:00Q3 2015 Earnings ReleaseQ3 20150.663
Legg Mason IncLM US8:00Q3 2015 Earnings CallQ3 2015
Eastman Chemical CoEMN US8:00Q4 2014 Earnings CallQ4 2014
Newell Rubbermaid IncNWL US8:30Q4 2014 Earnings CallQ4 2014
Franklin Resources IncBEN US8:30Q1 2015 Earnings ReleaseQ1 20150.934
Franklin Resources IncBEN US8:30Q1 2015 Earnings Call - Pre RecordedC1 2015
Mattel IncMAT US8:30Q4 2014 Earnings CallQ4 2014
Altria Group IncMO US9:00Q4 2014 Earnings CallQ4 2014
AbbVie IncABBV US9:00Q4 2014 Earnings CallQ4 2014
Boston Properties IncBXP US9:00Q4 2014 Earnings CallQ4 2014
MasterCard IncMA US9:00Q4 2014 Earnings CallQ4 2014
Tyson Foods IncTSN US9:00Q1 2015 Earnings CallQ1 2015
Leggett & Platt IncLEG US9:00Q4 2014 Earnings CallQ4 2014
Eli Lilly & CoLLY US9:00Q4 2014 Earnings CallQ4 2014
CONSOL Energy IncCNX US10:00Q4 2014 Earnings CallQ4 2014
Weyerhaeuser CoWY US10:00Q4 2014 Earnings CallQ4 2014
Xerox CorpXRX US10:00Q4 2014 Earnings CallQ4 2014
Principal Financial Group IncPFG US10:00Q4 2014 Earnings CallQ4 2014
Ingersoll-Rand PLCIR US10:00Q4 2014 Earnings CallQ4 2014
Chevron CorpCVX US11:00Q4 2014 Earnings CallQ4 2014
Franklin Resources IncBEN US11:00Q1 2015 Earnings CallQ1 2015
Tyson Foods IncTSN US11:00Annual General MeetingY 2015
Simon Property Group IncSPG US11:00Q4 2014 Earnings CallQ4 2014
PACCAR IncPCAR US12:00Q4 2014 Earnings CallQ4 2014
Monsanto CoMON US14:30Annual General MeetingY 2015
Computer Sciences CorpCSC USQ3 2015 Earnings ReleaseQ3 20151.115

Tuesday, July 29, 2014

BARCHART MORNING CALL 7/29

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU14 +0.15%) this morning are up +0.01% and European stocks are up +0.46% as optimism over Q2 corporate earnings results offsets concern about the geopolitical crisis' in Ukraine and the Middle East. Gains in European stocks were muted as the EU and the U.S. prepare new sanctions against Russia. Concern that new sanctions against Russia may slow European economic growth has fueled a rally in European government bond markets with the yield on the 10-year German bund falling to 1.119%, the lowest since Bloomberg began tracking the data in 1989. Asian stocks closed mostly higher: Japan +0.57%, Hong Kong +0.87%, China +0.32%, Taiwan -0.30%, Australia +0.20%, Singapore +0.18%, South Korea +0.93%, India closed for holiday. Japan's Nikkei Stock Index climbed to a 6-month high as exporter stocks rallied after the yen fell to a 3-week low against the dollar, which improves the earnings prospects for exporters. China's Shanghai Stock Index rose to a 7-month high as property developers rallied after the Shanghai Securities News reported that banks in Shanghai, Beijing and Guangzhou may shorten their mortgage-approval process to 1 month from 3 months, which may boost China's home sales in the second half of this year. Commodity prices are mixed. Sep crude oil (CLU14 -0.26%) is down -0.23%. Sep gasoline (RBU14 +0.45%) is up +0.44%. Aug gold (GCQ14 +0.36%) is up +0.32%. Sep copper (HGU14 -0.29%) is down -0.28%. Agriculture and livestock prices are mostly lower. The dollar index (DXY00 +0.04%) is up +0.03%. EUR/USD (^EURUSD) is down -0.03%. USD/JPY (^USDJPY) is up +0.12% at a 3-week high. Sep T-note prices (ZNU14 +0.07%) are up +4 ticks on catty-over support from a rally in European bond markets.
The Japan Jun jobless rate unexpectedly rose +0.2 to 3.7%, higher than expectations of unch at 3.5% and the highest in 5 months. The Jun job-to-applicant ratio unexpectedly rose +0.01 to 1.10, higher than expectations of unch at 1.09 and the highest in 22 years.
Japan Jun retail sales rose +0.4% m/m and fell -0.6% y/y, weaker than expectations of +0.8% m/m and -0.5% y/y.
Japan Jun overall household spending fell -3.0% y/y, less than expectations of -4.0% y/y.
UK Jun mortgage approvals rose 67,200, more than expectations of 63,000.
UK Jun net consumer credit rose +0.4 billion pounds, less than expectations of +0.8 billion pounds and the smallest increase in 17 months.
U.S. STOCK PREVIEW
The 2-day FOMC meeting begins today and will conclude tomorrow with a policy announcement. Today’s May S&P/CaseShiller Composite-20 home price index is expected to show an increase of +0.3% m/m, strengthening a bit from the +0.2% increase seen in April. April’s report of +0.2% m/m marked the smallest advance for the series since it started rising in February 2012. Today’s July U.S. consumer confidence from the Conference Board is expected to show a small increase of +0.2 to 85.4, edging higher after the sharp +3.0 point increase to 85.2 seen in June. The Treasury today will sell $35 billion of 5-year T-notes.
There are 46 of the S&P 500 companies that report earnings today with notable reports including: UPS (consensus $1.25), Newmont Mining (0.19), Aflac (1.59), Pfizer (0.57), Martin Marietta Materials (1.29), Corning (0.38), Wynn Resorts (2.03), International Paper (0.83), Merck (0.81). Equity conferences this week include the following: Institute of Validation technology on Tue-Thu, and Marcus Evans 13th Annual Outage Management for Power Plants Conference on Tue-Thu.
OVERNIGHT U.S. STOCK MOVERS
Merck & Co. (MRK -0.31%) reported Q2 EPS of 85 cents, better than consensus of 81 cents.
Aetna (AET +1.71%) reported Q2 EPS of $1.69, higher than consensus of $1.60.
Eastman Chemical (EMN -0.05%) reported Q2 EPS of $1.92, above consensus of $1.84.
Range Resources (RRC -0.57%) reported Q2 EPS of 36 cents, weaker than consensus of 40 cents.
Masco (MAS -3.01%) climbed 6% in after-hours trading after it reported Q2 adjusted EPS of 32 cents, stronger than consensus of 28 cents.
Luxor Capital Group reported a 5.4% passive stake in Orbitz (OWW unch) .
Herbalife (HLF +2.15%) fell over 10% in after-hours trading after it reported Q2 EPS of $1.55, below consensus of $1.57.
HealthSouth (HLS +1.21%) reported Q2 EPS of 81 cents with items, well above consensus of 47 cents, and then raised guidance on fiscal 2014 EPS view to $2.25-$2.31 from $1.86-$1.91, well above consensus of $1.91.
Amkor Technology (AMKR +0.10%) jumped over 10% in after-hours trading after it reported Q2 EPS of 21 cents, higher than consensus of 15 cents.
Lloyd Miller reported a 5.4% passive stake in Learning Tree (LTRE +1.28%) .
CNO Financial (CNO +0.17%) reported Q2 EPS of 29 cents, weaker than consensus of 31 cents.
W. R. Berkley (WRB -0.25%) reported Q2 operating EPS of 82 cents, stronger than consensus of 77 cents.
Plum Creek Timber (PCL +0.32%) reported Q2 EPS of 31 cents, higher than consensus of 30 cents, but then lowered guidance on fiscal 2014 EPS view to $1.05-$1.25 from $1.30-$1.50, well below consensus of $1.39.
Norwegian Cruise Line (NCLH +1.11%) reported Q2 adjusted EPS of 58 cents, better than consensus of 57 cents.
MARKET COMMENTS
Sep E-mini S&Ps (ESU14 +0.15%) this morning are up +0.25 of a point (+0.01%). The S&P 500 index on Monday erased early losses and closed higher on increased M&A activity after Dollar Tree agreed to buy rival Family Dollar Stores in a cash-and-stock deal valued at about $8.5 billion and after Zillow agreed to purchase Trulia for $3.5 billion: S&P 500 +0.08%, Dow Jones +0.03%, Nasdaq +0.13%. Negative factors that kept gains in check included (1) the -1.1% m/m decline in June pending home sales, weaker than expectations of a +0.5% m/m increase and the biggest monthly decline in 6 months, and (2) geopolitical concerns with the escalation of violence in the Middle East and Ukraine and with impending new Russian sanctions.
Sep 10-year T-notes (ZNU14 +0.07%) this morning are up +4 ticks. Sep 10-year T-note futures prices on Monday closed lower. Negative factors included (1) supply pressures as the Treasury auctions $108 billion of T-notes this week, and (2) expectations for the Fed to further reduce its monthly bond purchases by $10 billion when it convenes at this week’s 2-day FOMC meeting. Losses were limited as stocks fell after Jun pending home sales unexpectedly fell by the most in 6 months. Closes: TYU4 -6.0, FVU4 -4.00.
The dollar index (DXY00 +0.04%) this morning is up +0.026 (+0.03%). EUR/USD (^EURUSD) is down -0.0004 (-0.03%) and USD/JPY (^USDJPY) is up +0.12 (+0.12%) a a 3-week high. The dollar index on Monday closed little changed on signs of economic weakness after U.S. Jun pending home sales unexpectedly declined. EUR/USD was undercut by comments from ECB Vice President Constancio who said that inflation rates in the Eurozone “remained too low” in the second quarter. Closes: Dollar index unch, EUR/USD -0.0034 (-0.25%), USD/JPY +0.02 (+0.02%).
Sep WTI crude oil (CLU14 -0.26%) this morning is down -23 cents (-0.23%) and Sep gasoline (RBU14 +0.45%) is up +0.0125 (+0.44%). Sep crude and gasoline prices Monday closed lower with Sep crude at a 2-week low: CLU4 -0.42 (-0.41%), RBU4 -0.0129 (-0.45%). Bearish factors for crude oil and gasoline included (1) signs of economic weakness after U.S. Jun pending home sales unexpectedly declined by the most in 6 months, and (2) reduced geopolitical concerns as the flow of crude oil from the Middle East remains unaffected by the surge of violence in Libya and Iraq.
GLOBAL EVENT CALENDAR07/29/2014
US0900 ETMay S&P/CaseShiller Composite-20 home price index expected +0.3% m/m and +10.0% y/y, Apr +0.19% m/m and +10.82% y/y.
1000 ETJul U.S. consumer confidence (Conference Board) expected +0.2 to 85.4, Jun +3.0 to 85.2.
1100 ETFOMC begins 2-day policy meeting.
1300 ETTreasury auctions $35 billion of 5-year T-notes.
UK0430 ETUK Jun net consumer credit expected +0.8 billion pounds, May +0.7 billion pounds.
0430 ETUK Jun mortgage approvals expected 63,000, May 61,700.
0430 ETUK Jun M4 money supply expected -0.6% y/y, May -0.1% m/m and -0.9% y/y.
JPN1950 ETJapan Jun industrial production expected -1.2% m/m and +5.2% y/y, May +0.7% m/m and +1.0% y/y.
GER0200 ETGerman Jun import price index expected +0.3% m/m and -1.2% y/y, May unch m/m and -2.1% y/y.
U.S. STOCK CALENDAR07/29/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Martin Marietta Materials IncMLM USBef-mktQ2 2014 Earnings ReleaseQ2 20141.292
Pfizer IncPFE USBef-mktQ2 2014 Earnings ReleaseQ2 20140.567
Nielsen NVNLSN USBef-mktQ2 2014 Earnings ReleaseQ2 20140.612
Waste Management IncWM USBef-mktQ2 2014 Earnings ReleaseQ2 20140.593
Corning IncGLW USBef-mktQ2 2014 Earnings ReleaseQ2 20140.376
Eaton Corp PLCETN USBef-mktQ2 2014 Earnings ReleaseQ2 20141.118
Ecolab IncECL USBef-mktQ2 2014 Earnings ReleaseQ2 20141.022
Entergy CorpETR USBef-mktQ2 2014 Earnings ReleaseQ2 20141.103
Wynn Resorts LtdWYNN USBef-mktQ2 2014 Earnings ReleaseQ2 20142.026
National Oilwell Varco IncNOV USBef-mktQ2 2014 Earnings ReleaseQ2 20141.437
PACCAR IncPCAR USBef-mktQ2 2014 Earnings ReleaseQ2 20140.891
Fidelity National Information Services IncFIS USBef-mktQ2 2014 Earnings ReleaseQ2 20140.739
Affiliated Managers Group IncAMG USBef-mktQ2 2014 Earnings ReleaseQ2 20142.599
International Paper CoIP USBef-mktQ2 2014 Earnings ReleaseQ2 20140.832
Reynolds American IncRAI USBef-mktQ2 2014 Earnings ReleaseQ2 20140.867
Marsh & McLennan Cos IncMMC USBef-mktQ2 2014 Earnings ReleaseQ2 20140.744
Merck & Co IncMRK USBef-mktQ2 2014 Earnings ReleaseQ2 20140.81
Aetna IncAET US6:00Q2 2014 Earnings ReleaseQ2 20141.604
Harris CorpHRS US6:30Q4 2014 Earnings ReleaseQ4 20141.284
CONSOL Energy IncCNX US6:45Q2 2014 Earnings ReleaseQ2 20140.245
Xylem Inc/NYXYL US7:00Q2 2014 Earnings ReleaseQ2 20140.444
McGraw Hill Financial IncMHFI US7:15Q2 2014 Earnings ReleaseQ2 20140.98
NextEra Energy IncNEE US7:30Q2 2014 Earnings ReleaseQ2 20141.44
United Parcel Service IncUPS US7:45Q2 2014 Earnings ReleaseQ2 20141.248
Illinois Tool Works IncITW US8:00Q2 2014 Earnings ReleaseQ2 20141.201
Masco CorpMAS US8:00Q2 2014 Earnings CallQ2 2014
Eastman Chemical CoEMN US8:00Q2 2014 Earnings CallQ2 2014
Merck & Co IncMRK US8:00Q2 2014 Earnings CallQ2 2014
Nielsen NVNLSN US8:30Q2 2014 Earnings CallQ2 2014
Corning IncGLW US8:30Q2 2014 Earnings CallQ2 2014
Wynn Resorts LtdWYNN US8:30Q2 2014 Earnings CallQ2 2014
Harris CorpHRS US8:30Q4 2014 Earnings CallQ4 2014
United Parcel Service IncUPS US8:30Q2 2014 Earnings CallQ2 2014
Fidelity National Information Services IncFIS US8:30Q2 2014 Earnings CallQ2 2014
Aetna IncAET US8:30Q2 2014 Earnings CallQ2 2014
Marsh & McLennan Cos IncMMC US8:30Q2 2014 Earnings CallQ2 2014
McGraw Hill Financial IncMHFI US8:30Q2 2014 Earnings CallQ2 2014
Xylem Inc/NYXYL US9:00Q2 2014 Earnings CallQ2 2014
NextEra Energy IncNEE US9:00Q2 2014 Earnings CallQ2 2014
National Oilwell Varco IncNOV US9:00Q2 2014 Earnings CallQ2 2014
International Paper CoIP US9:00Q2 2014 Earnings CallQ2 2014
Reynolds American IncRAI US9:00Q2 2014 Earnings CallQ2 2014
Range Resources CorpRRC US9:00Q2 2014 Earnings CallQ2 2014
Pfizer IncPFE US10:00Q2 2014 Earnings CallQ2 2014
Waste Management IncWM US10:00Q2 2014 Earnings CallQ2 2014
CONSOL Energy IncCNX US10:00Q2 2014 Earnings CallQ2 2014
General Growth Properties IncGGP US10:00Q2 2014 Earnings CallQ2 2014
Eaton Corp PLCETN US10:00Q2 2014 Earnings CallQ2 2014
Illinois Tool Works IncITW US10:00Q2 2014 Earnings CallQ2 2014
Entergy CorpETR US11:00Q2 2014 Earnings CallQ2 2014
Affiliated Managers Group IncAMG US11:00Q2 2014 Earnings CallQ2 2014
Jacobs Engineering Group IncJEC US11:00Q3 2014 Earnings CallQ3 2014
PACCAR IncPCAR US12:00Q2 2014 Earnings CallQ2 2014
Ecolab IncECL US13:00Q2 2014 Earnings CallQ2 2014
Martin Marietta Materials IncMLM US14:00Q2 2014 Earnings CallQ2 2014
Edwards Lifesciences CorpEW US16:00Q2 2014 Earnings ReleaseQ2 20140.769
CBRE Group IncCBG US16:00Q2 2014 Earnings ReleaseQ2 20140.356
CH Robinson Worldwide IncCHRW US16:15Q2 2014 Earnings ReleaseQ2 20140.765
American Express CoAXP US17:00Q2 2014 Earnings CallQ2 2014
Marriott International Inc/DEMAR US17:00Q2 2014 Earnings ReleaseQ2 20140.67
Edwards Lifesciences CorpEW US17:00Q2 2014 Earnings CallQ2 2014
Vertex Pharmaceuticals IncVRTX US17:00Q2 2014 Earnings CallQ2 2014
CBRE Group IncCBG US17:00Q2 2014 Earnings CallQ2 2014
Amgen IncAMGN US17:00Q2 2014 Earnings CallQ2 2014
Fiserv IncFISV US17:00Q2 2014 Earnings CallQ2 2014
Equity ResidentialEQR USAft-mktQ2 2014 Earnings ReleaseQ2 20140.768
Aflac IncAFL USAft-mktQ2 2014 Earnings ReleaseQ2 20141.592
Newmont Mining CorpNEM USAft-mktQ2 2014 Earnings ReleaseQ2 20140.191
American Express CoAXP USAft-mktQ2 2014 Earnings ReleaseQ2 20141.381
Anadarko Petroleum CorpAPC USAft-mktQ2 2014 Earnings ReleaseQ2 20141.296
Owens-Illinois IncOI USAft-mktQ2 2014 Earnings ReleaseQ2 20140.824
AGL Resources IncGAS USAft-mktQ2 2014 Earnings ReleaseQ2 20140.428
Newfield Exploration CoNFX USAft-mktQ2 2014 Earnings ReleaseQ2 20140.528
Vertex Pharmaceuticals IncVRTX USAft-mktQ2 2014 Earnings ReleaseQ2 2014-0.762
Boston Properties IncBXP USAft-mktQ2 2014 Earnings ReleaseQ2 20141.331
Genworth Financial IncGNW USAft-mktQ2 2014 Earnings ReleaseQ2 20140.349
Express Scripts Holding CoESRX USAft-mktQ2 2014 Earnings ReleaseQ2 20141.216
Amgen IncAMGN USAft-mktQ2 2014 Earnings ReleaseQ2 20142.064
Fiserv IncFISV USAft-mktQ2 2014 Earnings ReleaseQ2 20140.808
Ameriprise Financial IncAMP USAft-mktQ2 2014 Earnings ReleaseQ2 20142.01
Kimco Realty CorpKIM USAft-mktQ2 2014 Earnings ReleaseQ2 20140.344
Cincinnati Financial CorpCINF USAft-mktQ2 2014 Earnings ReleaseQ2 20140.455
Legg Mason IncLM USAnnual General MeetingY 2014

Monday, March 3, 2014

Today's Best Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index to find the stocks hitting the most frequent new highs in the last month.  I then skipped the stocks that didn't have positive returns in the last week and month and used the Flipchart feature to review the charts.

Today's list includes Pentair (PNR), Kroger (KR), Abbott Laboratories (ABT), Eastman Chemical (EMN) and Leggett and Platt (LEG):

Pentair (PNR)


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 11.99% in the last month
  • Relative Strength Index 62.66%
  • Barchart computes a technical support level at 79.80%
  • Recently traded at 80.11 with a 50 day moving average of 76.77
Kroger (KR)


Barchart technical indicators:
  • 48% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 17.61% in the last month
  • Relative Strength Index 74.55%
  • Barchart computes a technical support level at 39.53
  • Recently traded 41.57 with a 50 day moving average of 38.24

Barchart technical indicators:
  • 56% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 9.12% in the last month
  • Relative Strength Index 58.27%
  • Barchart computes a technical support level at 39.17
  • Recently traded at 39.04 with a 50 day moving average of 38.24


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 14.31% in the last month
  • Relative Strength Index 73.77%
  • Barchart computes a technical support level at 85.96
  • Recently traded at 86.58 iwht a 50 day moving average of 79.70


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 9.05% in the last month
  • Relative Strength Index 62.56%
  • Barchart computes a support level at 31.56
  • Recently traded at 31.56 with a 50 day moving average of 30.54











Friday, January 31, 2014

BARCHART MORNING CALL 1/31

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 -0.67%) this morning are down -0.84% and European stocks are down -1.72%% on deflation fears in Europe after the Eurozone Jan CPI estimate rose at the slowest pace in 4-years. Another negative for European stocks was the unexpected drop in German Dec retail sales by the most in nearly 3-years. Asian stocks closed mixed: Japan -0.62%, Australia +0.04% and India +0.08%. Hong Kong, China, Taiwan, Singapore and South Korea were closed for holiday. Japan's Nikkei Stock Index rallied early after the Japan Dec jobless rate fell to a 6-1/3 year low, but stocks reversed and fell to the lowest in 2-1/2 months after signs of faster-than-expected inflation reduced the case for additional stimulus from the BOJ. Commodity prices are mixed. Mar crude oil (CLH14 -0.84%) is down -0.45%. Mar gasoline (RBH14 -0.83%) is down -0.18%. Feb gold (GCG14 +0.55%) is up +0.46%. March copper (HGH14 -0.56%) is down -0.54% at a 1-3/4 month low. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.02%) is unch. EUR/USD (^EURUSD) is down -0.04% at a 1-week low after Eurozone inflation slowed more than expected, which may pressure the ECB to boost its stimulus measures. USD/JPY (^USDJPY) is down -0.50%. March T-note prices (ZNH14 +0.24%) are up +11 ticks at a 2-1/2 month high on increased safe-haven demand from the slide in stocks.
The Eurozone Jan CPI estimate rose +0.7% y/y, a smaller increase than expectations of +0.9% y/y and matched October's increase as the smallest in 4-years. The Jan core CPI rose +0.8% y/y, right on expectations.
The Eurozone Dec unemployment rate held steady at 12.0% from a downward revised 12.0% in Nov, originally reported at 12.1%, better than expectations of unch at 12.1%.
German Dec retail sales unexpectedly fell -2.5% m/m, the biggest monthly drop in 2-3/4 years and weaker than expectations of +0.2% m/m. On an annual basis, Dec retail sales slipped -2.4% y/y, weaker than expectations of +1.9% y/y and the biggest decline in 6-months.
UK Jan GfK consumer confidence rose +6 to -7, better than expectations of +1 to -12 and the highest in 6-1/3 years.
Japan Dec national CPI rose +1.6% y/y, stronger than expectations of +1.5% y/y and the highest in 5-years. Dec national CPI ex-fresh food rose +1.3% y/y, greater than expectations of +1.2% y/y and the most in 5-years.
The Japan Jan Markit/JMMA manufacturing PMI climbed +1.4 to 56.6, the fastest pace of expansion in 7-3/4 years.
Japan Dec industrial production rose +1.1% m/m and +7.3% y/y, slightly less than expectations of +1.3% m/m and +7.3% y/y.
The Japan Dec jobless rate fell -0.3 to 3.7%, a bigger decline than expectations of -0.1 to 3.9% and the lowest in 6-1/3 years. The Dec job-to-applicant ratio rose +0.03 to 1.03, stronger than expectations of +0.01 to 1.01 and the highest in 6-1/3 years.
Japan Dec overall household spending rose +0.7% y/y, weaker than expectations of +1.1% y/y.
U.S. STOCK PREVIEW
Today’s final-Jan U.S. consumer confidence index from the University of Michigan is expected to show a +0.6 point increase to 81.0 from the early-Jan level of 80.4. Today’s Jan Chicago PMI is expected to show a -1.8 point decline to 59.0, adding to the -2.2 point decline to 60.8 seen in December. Today’s Dec personal income and spending reports are both expected to show modest increases of +0.2% following the Nov report of +0.2% and +0.5%, respectively. Today’s Dec PCE deflator is expected to climb to +1.1% y/y from +0.9% in November. Meanwhile, the Dec core PCE deflator, which is the Fed’s preferred inflation measure, is expected to climb slightly to +1.2% y/y from +1.1% in November.
There are 18 of the S&P 500 companies that report earnings today. Notable reports include Mastercard (consensus $0.60), Tyson Foods (0.64), Mattel (1.20), Chevron (2.57), Mead Johnson Nutrition (0.77), Weyerhaeuser (0.28), National Oilwell Varco (1.39), and Simon Property Group (2.43). There are no equity conferences today.


OVERNIGHT U.S. STOCK MOVERS
Legg Mason (LM +1.71%) reported Q3 EPS of 67 cents, much weaker than consensus of 99 cents.
AON Plc (AON +1.50%) reported Q4 EPS of $1.28, well below consensus of $1.51.
Weyerhaeuser (WY +0.75%) reported Q4 EPS of 27 cents, below consensus of 28 cents.
Bank of New York Mellon reported a 5.09% passive stake in Tesco (TESO +2.63%) .
Eastman Chemical (EMN +1.71%) reported Q4 EPS of $1.35, better than consensus of $1.25.
Wolverine Asset reported a 5.1% passive stake in Comtech (CMTL +0.13%) .
Manitowoc (MTW +1.89%) reported Q4 adjusted EPS of 47 cents, better than consensus of 34 cents.
CSC (CSC +2.07%) reported Q3 EPS of 94 cents, well ahead of consensus of 84 cents, and then raised guidance on fiscal 2014 EPS to $3.80-$3.90, stronger than consensus of $3.68.
Symetra Financial (SYA +0.77%) reported Q4 adjusted EPS of 42 cents, better than consensus of 39 cents.
B. Thomas Golisano reported a 10.4% passive stake in Paychex (PAYX +0.62%) .
C.R. Bard (BCR +0.54%) reported Q4 adjusted EPS of $1.42, higher than consensus of $1.39.
McKesson (MCK +2.28%) reported Q3 adjusted EPS of $1.45, well below consensus of $1.85, and then lowered guidance on fiscal 2014 adjusted EPS to $8.05-$8.20, weaker than consensus of $8.31.
Broadcom (BRCM +1.81%) reported Q4 EPS of 60 cents, better than consensus of 57 cents.
Wynn Resorts (WYNN +3.94%) reported Q4 adjusted EPS of $2.27, well above consensus of $1.74.
Amazon.com (AMZN +4.90%) slid 5% in after-hours trading after it reported Q4 EPS of 51 cents, well below consensus of 66 cents.
Google (GOOG +2.57%) reported Q4 EPS of $12.01, below consensus of $12.26.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 -0.67%) this morning are down -15.00 points (-0.84%). The S&P 500 on Thursday closed higher due to strength in U.S. Q4 GDP and stronger-than-expected Q4 earnings results. U.S. Q4 GDP rose +3.2% (annualized q/q), right on expectations, and Q4 personal consumption climbed +3.3%, the biggest increase in 3 years. As of Thursday, 77% of the S&P 500 companies that have reported Q4 earnings results have beaten estimates. Closes: S&P 500 +1.13%, Dow Jones +0.70%, Nasdaq 100 +1.86%.
Mar 10-year T-notes (ZNH14 +0.24%) this morning are up +11 ticks at a 2-1/2 month high. Mar 10-year T-note futures prices on Thursday closed lower as strength in U.S. Q4 GDP boosted stocks and strengthened expectations for steady Fed QE3 tapering. T-notes found support on the sharp -8.7% drop in U.S. Dec pending home sales, the biggest decline in 3-1/2 years. Closes: TYH4 -5.50, FVH4 -2.50.
The dollar index (DXY00 +0.02%) this morning is unch. EUR/USD (^EURUSD) is down -0.0006 (-0.04%) at a 1-week low. USD/JPY (^USDJPY) is down -0.51 (-0.50%). The dollar index on Thursday closed higher after strength in U.S. Q4 GDP boosted expectations that the Fed will continue to taper QE3. EUR/USD fell on speculation that deflation concerns may prompt the ECB into additional stimulus measures after the German Jan CPI report of -0.7% m/m and +1.2% y/y was weaker than expectations of -0.6% m/m and +1.3% y/y. Closes: Dollar index +0.580 (+0.72%), EUR/USD -0.01084 (-0.79%), USD/JPY +0.439 (+0.43%).
Mar WTI crude oil (CLH14 -0.84%) this morning is down -44 cents (-0.45%) and Mar gasoline (RBH14 -0.83%) is down -0.0047 (-0.18%). Mar crude oil and gasoline prices on Thursday closed higher with Mar crude at a 4-week high and Mar gasoline at a 1-week high. Bullish factors includes (1) strength in the U.S. economy that benefits fuel demand after Q4 personal consumption climbed +3.3%, the most in 3 years, and (2) speculation that U.S. demand for heating fuels will continue to be strong after Commodity Weather Group said that January is on track to be the coldest month of the century in the lower 48 states. Closes: CLH4 +0.87 (+0.89%), RBH4 +0.0057 (+0.21%).
GLOBAL EVENT CALENDAR01/31/2014
US0830 ETQ4 employment cost index expected +0.4%, Q3 +0.4%.
0830 ETDec personal spending expected +0.2%, Nov +0.5%. Dec personal income expected +0.2%, Nov +0.2%. Dec PCE deflator expected +0.2% m/m and +1.1% y/y, Nov unch m/m and +0.9% y/y. Dec core PCE deflator expected +0.1% m/m and +1.2% y/y, Nov +0.1% m/m and +1.1% y/y.
0945 ETJan Chicago PMI expected -1.8 to 59.0, Dec -2.2 to 60.8.
0955 ETFinal Jan U.S. University of Michigan consumer confidence expected +0.6 to 81.0, previous -2.1 to 80.4.
1315 ETDallas Fed President Richard Fisher speaks about Fed operations and the economy at a community forum hosted by the Dallas Fed.
2400 ETFed Chairman Ben Bernankes term expires, paving the way for Janet Yellen to become the new Fed Chairperson.
JPN0000 ETJapan Dec housing starts expected +13.6% y/y to 1.000 million. Nov +14.1% y/y to 1.033 million.
0000 ETJapan Dec construction orders, Nov +2.2% y/y.
GER0200 ETGerman Dec retail sales expected +0.2% m/m and +1.9% y/y, Nov +0.8% m/m and +1.6% y/y.
UK0430 ETUK Jan Lloyds business barometer, Dec 48.
EUR0500 ETEurozone Dec unemployment rate expected unch at 12.1%, Nov 12.1%.
0500 ETEurozone Jan CPI estimate expected +0.9% y/y, Dec +0.8% y/y. Jan core CPI expected +0.8% y/y, Dec +0.7% y/y.
CHI2000 ETChina Jan manufacturing PMI expected -0.5 to 50.5, Dec 51.0.
U.S. STOCK CALENDAR01/31/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Mead Johnson Nutrition CoMJN USBef-mktQ4 2013 Earnings ReleaseQ4 20130.765
Newell Rubbermaid IncNWL USBef-mktQ4 2013 Earnings ReleaseQ4 20130.461
LyondellBasell Industries NVLYB USBef-mktQ4 2013 Earnings ReleaseQ4 20131.401
AbbVie IncABBV USBef-mktQ4 2013 Earnings ReleaseQ4 20130.823
Tyco International LtdTYC USBef-mktQ1 2014 Earnings ReleaseQ1 20140.451
MasterCard IncMA USBef-mktQ4 2013 Earnings ReleaseQ4 20130.598
Weyerhaeuser CoWY USBef-mktQ4 2013 Earnings ReleaseQ4 20130.28
National Oilwell Varco IncNOV USBef-mktQ4 2013 Earnings ReleaseQ4 20131.389
Tyson Foods IncTSN USBef-mktQ1 2014 Earnings ReleaseQ1 20140.638
Simon Property Group IncSPG USBef-mktQ4 2013 Earnings ReleaseQ4 20132.431
Mattel IncMAT US6:00Q4 2013 Earnings ReleaseQ4 20131.204
Aon PLCAON US6:30Q4 2013 Earnings ReleaseQ4 20131.508
CONSOL Energy IncCNX US7:00Q4 2013 Earnings ReleaseQ4 20130.061
Legg Mason IncLM US7:00Q3 2014 Earnings ReleaseQ3 20140.99
Dominion Resources Inc/VAD US7:30Q4 2013 Earnings ReleaseQ4 20130.886
Morgan StanleyMS US8:00Fixed Income Investor Update Call
Tyco International LtdTYC US8:00Q1 2014 Earnings CallQ1 2014
Actavis plcACT US8:00Investor DayY 2014
PACCAR IncPCAR US8:00Q4 2013 Earnings ReleaseQ4 20130.927
Legg Mason IncLM US8:00Q3 2014 Earnings CallQ3 2014
Eastman Chemical CoEMN US8:00Q4 2013 Earnings CallQ4 2013
Aon PLCAON US8:30Q4 2013 Earnings CallQ4 2013
Avery Dennison CorpAVY US8:30Q4 2013 Earnings ReleaseQ4 20130.681
Chevron CorpCVX US8:30Q4 2013 Earnings ReleaseQ4 20132.567
Mattel IncMAT US8:30Q4 2013 Earnings CallQ4 2013
Newell Rubbermaid IncNWL US9:00Q4 2013 Earnings CallQ4 2013
AbbVie IncABBV US9:00Q4 2013 Earnings CallQ4 2013
MasterCard IncMA US9:00Q4 2013 Earnings CallQ4 2013
National Oilwell Varco IncNOV US9:00Q4 2013 Earnings CallQ4 2013
Tyson Foods IncTSN US9:00Q1 2014 Earnings CallQ1 2014
Mead Johnson Nutrition CoMJN US9:30Q4 2013 Earnings CallQ4 2013
Newmont Mining CorpNEM US10:00Q4 2013 Sales and Revenue CallQ4 2013
CONSOL Energy IncCNX US10:00Q4 2013 Earnings CallQ4 2013
Dominion Resources Inc/VAD US10:00Q4 2013 Earnings CallQ4 2013
Weyerhaeuser CoWY US10:00Q4 2013 Earnings CallQ4 2013
Simon Property Group IncSPG US10:00Q4 2013 Earnings CallQ4 2013
LyondellBasell Industries NVLYB US11:00Q4 2013 Earnings CallQ4 2013
Chevron CorpCVX US11:00Q4 2013 Earnings CallQ4 2013
Tyson Foods IncTSN US11:00Annual General MeetingY 2014
PACCAR IncPCAR US12:00Q4 2013 Earnings CallQ4 2013
Avery Dennison CorpAVY US13:00Q4 2013 Earnings CallQ4 2013
Bristol-Myers Squibb CoBMY USPDUFA, tasimelteon, Non-24-Hour Disorder in the totally blind