Showing posts with label EROS. Show all posts
Showing posts with label EROS. Show all posts

Friday, November 27, 2015

MORNING CALL 11/27

MORNING CALL

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ15 +0.12%) are up +0.07% at a 3-week high and European stocks are up +0.21% at a 3-1/4 month high after Eurozone Nov economic confidence remained at a 4-1/2 year high and on speculation the ECB will boost stimulus when it meets next Thursday. Optimism over Black Friday retail sales is giving U.S. equities a boost 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. U.S. and European stocks shook off early losses when China's Shanghai Composite plunged -5.48% to a 3-week low on concern over China's economy after industrial profits fell last month for a fifth month. Asian stocks settled mostly lower: Japan -0.30%, Hong Kong -1.87%, China -5.48%, Taiwan -1.02%, Australia -0.16%, Singapore -0.89%, South Korea-0.14%, India +0.65%.
The dollar index (DXY00 +0.28%) is up +0.28%. EUR/USD (^EURUSD) is down -0.24%. USD/JPY (^USDJPY) is up +0.02%.
Dec T-note prices (ZNZ15 +0.17%) are up +6 ticks at a 3-week high on carryover support from a rally in German bunds to a 4-week high.
China Oct industrial profits fell -4.6% y/y, the fifth consecutive month that profits have declined. China industrial profits from Jan-Oct are down -2.0% y/y.
Eurozone Nov economic confidence was unch from Oct at 106.1, which was revised upward from 105.9 and the highest in 4-1/2 years.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) the extent of Black Friday shopping activity.
None of the Russell 3000 companies report earnings today.
U.S. IPO's scheduled to price today: none.
Equity conferences today: none.








OVERNIGHT U.S. STOCK MOVERS
Amazon.com (AMZN +0.62%) rose 0.5% in pre-market trading 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% y/y increase.
Volkswagen AG (VLKAY +4.69%) was upgraded to 'Buy' from 'Hold' at LBBW.
Infineon Technologies (IFX) was upgraded to 'Buy' from 'Reduce' at Alphavalue.
SunEdison (SUNE -21.12%) rose over 2% in pre-market trading after Wednesday's 21% plunge.
KaloBios Pharmaceuticals (KBIO +44.73%) surged over 70% in pre-market trading after CEO Shkreli said he's "decided to stop lending" shares in the company until he understands "the advantage of doing so."
Imagination Technologies LLC (MIPS) fell over 2% in pre-market trading after JPMorgan Chase downgraded the stock to 'Neutral' from 'Overweight,' citing lack of growth.
American Capital (ACAS +9.50%) rose over 1% in after-hours trading after Elliot reported that it increased its stake in the company to 9.1% from 8.4%.
Amazon.com (AMZN +0.62%) said it plans to add other online networks to it Prime Instant Video service as soon as next month, according to people with knowledge of the plans.
Zagg Inc. (ZAGG +3.59%) dropped over 5% in after-hours trading after it filed to sell $100 million of common stock.
Eros International (EROS +0.98%) climbed over 1% in after-hours trading after Jupiter Asset reported a 5.14% passive stake in the company.

MARKET COMMENTS
Dec E-mini S&Ps (ESZ15 +0.12%) this morning are up +1.50 points (+0.07%) at a 3-week high. Wednesday's closes: S&P 500 -0.01%, Dow Jones +0.01%, Nasdaq +0.07%. The S&P 500 on Wednesday closed little changed. Stocks received support from the -12,000 decline in U.S. weekly initial unemployment claims (vs expectations of -1,000 to 270,000) and the +1.3% increase in Oct capital goods orders nondefense ex-aircraft, stronger than expectations of +0.2%. Stocks were undercut by the weak +0.1% increase in U.S. Oct personal spending and by the unexpected -1.8 point decline in the final-Nov U.S. consumer sentiment index to 91.3, weaker than expectations of unch at 93.1.
Dec 10-year T-notes (ZNZ15 +0.17%) this morning are up +6 ticks at a 3-week high. Wednesday's closes: TYZ5 +2.50, FVZ5 +0.50. Dec T-notes on Wednesday closed higher on the weaker-than-expected Oct personal spending report of +0.1%, the unexpected -1.8 point decline in the final-Nov University of Michigan U.S. consumer sentiment index, and benign inflation pressures after the Oct core PCE deflator rose +1.3% y/y, weaker than expectations of +1.4% y/y.
The dollar index (DXY00 +0.28%) this morning is up +0.275 (+0.28%). EUR/USD (^EURUSD) is -0.0025 (-0.24%). USD/JPY (^USDJPY) is up +0.03 (+0.02%). Wednesday's closes: Dollar Index unch, EUR/USD -0.0004 (-0.04%), USD/JPY +0.21 (+0.17%). The dollar index on Wednesday rose to an 8-1/4 month high but fell back and closed unchanged. The dollar received support from the stronger-than-expected U.S. economic data on weekly jobless claims and Oct durable goods orders, which bolsters the case for a Fed interest rate increase next month. In addition, EUR/USD saw weakness and fell to a 7-1/4 month low after comments from ECB Vice President Constancio fueled speculation the ECB will expand stimulus measures at next Thursday's policy meeting when he said inflation "is very low" and "we want to ensure price stability in both directions." The dollar was undercut after the U.S. Nov University of Michigan consumer sentiment index unexpectedly fell by -1.8 points.
Jan crude oil (CLF16 -1.86%) this morning is down -93 cents (-2.16%) and Jan gasoline (RBF16 -1.09%) is down -0.0186 (-1.37%). Wednesday's closes: CLF6 +0.33 (+0.77%), RBF6 -0.0042 (-0.31%). Jan crude oil and gasoline prices on Wednesday settled mixed. Crude oil and gasoline prices were undercut by the +1.74 million bbl increase in crude supplies to a 5-1/2 month high at Cushing, OK, delivery point of WTI futures and by the +2.48 million bbl increase in EIA gasoline stockpiles (vs expectations of +950,000 bbl). Crude prices recovered from early losses and closed higher after the dollar index fell back from an 8-1/4 month high and closed unchanged.
GLOBAL EVENT CALENDAR11/27/2015
US0830 ETUSDA weekly Export Sales.
GER0200 ETGerman Oct import price index expected -0.2% m/m and -3.9% y/y, Sep -0.7% m/m and -4.0% y/y.
UK0200 ETUK Nov nationwide house prices expected +0.5% m/m and +4.2% y/y, Oct +0.6% m/m and +3.9% y/y.
0430 ETRevised UK Q3 GDP, previous +0.5% q/q and +2.3% y/y.
0430 ETUK Q3 total business investment expected +0.8% q/q, Q2 +1.6% q/q and +3.1% y/y.
0430 ETUK Sep index of services expected +0.3% m/m and +0.8% 3-mo/3-mo, Aug unch m/m and +0.9% 3-mo/3-mo.
EUR0500 ETEurozone Nov economic confidence expected unch at 105.9. Nov business climate indicator expected +0.01 to 0.45, Oct 0.44.
0500 ETRevised Eurozone Nov consumer confidence, preliminary +1.6 to -6.0.
U.S. STOCK CALENDAR11/27/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
no corporate events
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Monday, November 2, 2015

BARCHART MORNING CALL 11/2

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ15 +0.02%) are up +0.05% and European stocks are up +0.50% at a 1-week high on signs of strength in European manufacturing activity after the Eurozone Oct Markit manufacturing PMI was revised higher. Stocks prices recovered from earlier losses made on China economic concerns after data showed China Oct manufacturing activity contracted for a third month. Increased M&A activity also lifted European equities after Dyax Corp. surged 27% after Shire Plc agreed to buy the company for $5.9 billion. Asian stocks settled mostly lower: Japan -2.10%, Hong Kong-1.19%, China -1.70%, Taiwan +0.71%, Australia -1.41%, Singapore -0.80%, South Korea +0.48%, India -0.37%. China's Shanghai Composite and Japan's Nikkei Stock Index both fell to 1-week lows on concerns over global growth after Chinese manufacturing activity contracted for a third month.
The dollar index (DXY00 -0.13%) is down -0.09%. EUR/USD (^EURUSD) is up +0.07%. USD/JPY (^USDJPY)is up +0.02%.
Dec T-note prices (ZNZ15 -0.21%) are down -5.5 ticks at a 1-1/4 month low and German bunds are down -0.41 at a 1-week low after ECB President Draghi curbed speculation the ECB will said further monetary stimulus is still an "open question."
The Eurozone Oct Markit manufacturing PMI was revised upward by +0.3 to 52.3.
ECB President Draghi said further stimulus is still as "open question" and it is "too early" to a judgement on lowering the deposit rate.
The China Oct manufacturing PMI was unchanged at 49.8, weaker than expectations of -0.2 to 50.0 and the third straight month of contraction. The Oct non-manufacturing PMI fell -0.3 to 53.1, the slowest pace of expansion in 6-3/4 years.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) final-Oct Markit manufacturing PMI (expected unrevised at 54.0, prelim-Oct +0.9 to 54.0), (2) Sep construction spending (expected +0.5%, Aug +0.7%), and (3) Oct ISM manufacturing index (expected -0.2 to 50.0, Sep -0.9 to 50.2).
There are 19 of the S&P 500 companies that report earnings today with notable reports including: Visa (consensus $0.63), Allstate (1.32), General Growth Properties (0.35), AIG (1.03),
U.S. IPO's scheduled to price today: Xtera Communications (XCOM).
Equity conferences this week include: Gabelli & Company Automotive Aftermarket Symposium on Tue, Goldman Sachs Industrials Conference on Tue-Wed, Citi China Investor Conference on Wed, Citi Industrials Conference on Wed, Citi Global Health Care Conference on Thu, Needham Next Generation Storage Networking Conference on Thu, Bernstein Technology Innovation Summit on Thu-Fri, BancAnalysts Association of Boston Conference on Thu-Fri.



OVERNIGHT U.S. STOCK MOVERS
AbbVie Inc. (ABBV +10.07%) rose climbed 4% in pre-market trading after Goldman Sachs Group added the stock to its 'Conviction Buy' list.
Las Vegas Sands (LVS +1.35%) and Wynn Resorts (WYNN +0.07%) both rose nearly 3% in pre-market trading after a report signaled the slump in Macau's gaming revenue may be easing.
Loews (L -0.92%) reported Q3 EPS of 50 cents, below consensus of 56 cents.
Visa (V -1.18%) reported Q4 EPS of 62 cents, weaker than consensus of 63 cents.
Cardinal Health (CAH -0.98%) reported Q1 EPS of $1.38, higher than consensus of $1.10.
Diamond Offshore Drilling (DO +1.84%) reported Q3 EPS of $1.02, well above consensus of 60 cents.
Chipolte Mexican Grill (CMG -1.23%) slipped 6% in pre-market trading after it said it will close 43 restaurants as health officials investigate an E. coli outbreak linked to the food chain.
Mylan NV (MYL -3.69%) said it received a subpoena from the U.S. Securities and Exchange Commission seeking documents about "certain related party matters."
Hewlett Packard Enterprise ({=HPE-W=}) climbed over 1% in after-hours trading after the company was inserted into the S&P 500 as of Friday's close.
Vertex Pharmaceuticals (VRTX -1.13%) dropped over 1% in after-hours trading after the company received a subpoena from the U.S. Justice Department on its laboratory practices.
Eros International Plc (EROS -13.14%) slipped 1% in after-hours trading after the Rosen Law Firm said it was investigating potential securities claims on behalf of shareholders of Eros resulting from allegations that Eros may have issued materially misleading business information to the public.
Valeant Pharmaceuticals (VRX -15.90%) fell over 1% in after-hours trading after Standard & Poor's Ratings Services downgraded the company's credit rating to 'B+' from 'BB-' with a negative outlook.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ15 +0.02%) this morning are up +1.00 point (+0.05%). Friday's closes: S&P 500 -0.48%, Dow Jones -0.52%, Nasdaq -0.47%. The S&P 500 on Friday closed lower on concerns about consumer spending after Sep personal income and spending reports each rose by only +0.1%, weaker than expectations of +0.2%. In addition, the final-Oct U.S. consumer sentiment index from the University of Michigan fell by -2.1 points, weaker than expectations of +0.4 to 92.5. On the supportive side, the Oct Chicago PMI rose by +7.5 points to 56.2, much stronger than expectations of +1.8 to 49.5 and the fastest pace of expansion in 9 months.
Dec 10-year T-notes (ZNZ15 -0.21%) this morning are down -5.5 ticks at a 1-1/4 month low. Friday's closes: TYZ5 +2.50, FVZ5 -0.25. Dec T-notes on Friday recovered from a 1-month low and closed higher on the smaller-than-expected +0.1% increases in U.S. Sep personal income and spending, the smaller-than-expected increase in the U.S. Sep core PCE deflator, and the unexpected decline in U.S. Oct University of Michigan consumer sentiment index.
The dollar index (DXY00 -0.13%) this morning is down -0.090 (-0.09%). EUR/USD (^EURUSD) is up +0.0008 (+0.07%). USD/JPY (^USDJPY) is up +0.02 (+0.02%). Friday's closes: Dollar Index -0.336 (-0.35%), EUR/USD +0.0029 (+0.26%), USD/JPY -0.51 (-0.42%). The dollar index on Friday closed lower on the smaller-than-expected increase in the Sep core PCE deflator, which may keep the Fed from raising interest rates, and strength in EUR/USD after Eurozone Oct core CPI rose more than expected and the Eurozone unemployment rate unexpectedly fell to a 3-1/2 year low, which reduces the chances that the ECB will boost QE.
Dec crude oil (CLZ15 -1.61%) this morning is down -78 cents (-1.67%) and Dec gasoline (RBZ15 -1.98%) is down -0.0278 (-2.03%). Friday's closes: CLZ5 +0.33 (+0.72%), RBZ5 +0.0250 (+1.87%). Dec crude oil and gasoline on Friday closed higher with Dec gasoline at a 2-1/2 week high. Bullish factors included a weaker dollar, the outlook for future U.S. oil production to decline after active U.S. oil rigs fell by 16 to 578 in the week ended Oct 30, the fewest in 5-1/3 years, and strength in gasoline after the crack spread widened to a 3-1/2 week high. Gains were limited due to the ongoing supply glut with U.S. crude inventories over 100 million bbls above the 5-year seasonal average.
GLOBAL EVENT CALENDAR11/02/2015
US0945 ETFinal-Oct Markit manufacturing PMI expected unrevised at 54.0, prelim-Oct +0.9 to 54.0.
1000 ETSep construction spending expected +0.5%, Aug +0.7%.
1000 ETOct ISM manufacturing index expected -0.2 to 50.0, Sep -0.9 to 50.2. Oct ISM new orders, Sep -1.6 to 50.1. Oct ISM employment, Sep -0.7to 50.5. Oct ISM prices paid expected +0.8 to 38.8, Sep -1.0 to 38.0.
1100 ETUSDA weekly grain export inspections.
1600 ETUSDA weekly crop progress.
JPN0000 ETJapan Oct vehicle sales, Sep -3.0% y/y.
GER0355 ETRevised German Oct Markit/BME manufacturing PMI, previous -0.7 to 51.6.
EUR0400 ETRevised Eurozone Oct Markit manufacturing PMI, previous unch at 52.0.
UK0430 ETUK Oct Markit manufacturing PMI expected -0.3 to 51.2, Sep 51.5.
U.S. STOCK CALENDAR11/02/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Clorox Co/TheCLX USBef-mktQ1 2016 Earnings ReleaseQ1 20161.184
Dominion Resources Inc/VAD USBef-mktQ3 2015 Earnings ReleaseQ3 20151.055
Ecolab IncECL USBef-mktQ3 2015 Earnings ReleaseQ3 20151.284
Entergy CorpETR USBef-mktQ3 2015 Earnings ReleaseQ3 20152.024
Noble Energy IncNBL USBef-mktQ3 2015 Earnings ReleaseQ3 2015-0.177
Sysco CorpSYY USBef-mktQ1 2016 Earnings ReleaseQ1 20160.515
Cardinal Health IncCAH USBef-mktQ1 2016 Earnings ReleaseQ1 20161.103
Diamond Offshore Drilling IncDO USBef-mktQ3 2015 Earnings ReleaseQ3 20150.603
Estee Lauder Cos Inc/TheEL USBef-mktQ1 2016 Earnings ReleaseQ1 20160.697
Visa IncV USBef-mktQ4 2015 Earnings ReleaseQ4 20150.633
Loews CorpL US6:00Q3 2015 Earnings ReleaseQ3 20150.59
Visa IncV US8:00Q4 2015 Earnings CallQ4 2015
Cardinal Health IncCAH US8:30Q1 2016 Earnings CallQ1 2016
Diamond Offshore Drilling IncDO US8:30Q3 2015 Earnings CallQ3 2015
Estee Lauder Cos Inc/TheEL US9:30Q1 2016 Earnings CallQ1 2016
Dominion Resources Inc/VAD US10:00Q3 2015 Earnings CallQ3 2015
Noble Energy IncNBL US10:00Q3 2015 Earnings CallQ3 2015
Sysco CorpSYY US10:00Q1 2016 Earnings CallQ1 2016
Entergy CorpETR US11:00Q3 2015 Earnings CallQ3 2015
Loews CorpL US11:00Q3 2015 Earnings CallQ3 2015
Ecolab IncECL US13:00Q3 2015 Earnings CallQ3 2015
Clorox Co/TheCLX US13:30Q1 2016 Earnings CallQ1 2016
Allstate Corp/TheALL US16:15Q3 2015 Earnings ReleaseQ3 20151.315
American International Group IncAIG USAft-mktQ3 2015 Earnings ReleaseQ3 20151.029
Tenet Healthcare CorpTHC USAft-mktQ3 2015 Earnings ReleaseQ3 20150.279
Eversource EnergyES USAft-mktQ3 2015 Earnings ReleaseQ3 20150.762
Vornado Realty TrustVNO USAft-mktQ3 2015 Earnings ReleaseQ3 20151.267
General Growth Properties IncGGP USAft-mktQ3 2015 Earnings ReleaseQ3 20150.354
Pioneer Natural Resources CoPXD USAft-mktQ3 2015 Earnings ReleaseQ3 2015-0.039
Dun & Bradstreet Corp/TheDNB USAft-mktQ3 2015 Earnings ReleaseQ3 20151.656
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Monday, July 27, 2015

Eros International - Barchart's Chart of the Day

Eros International (EROS) is the Barchart's Chart of the Day.  The Indian language film company has a Trend Spotter buy signal, a Weighted Alpha of 193.60+ and gained 135.31% in the last year.

The Chart of the Day belongs to Eros International (EROS).  I found the Indians language film stock by using Barchart to sort today's All Time High List for the stocks having the highest Weighted Alpha, then used the Flipchart feature to review the charts.   Since the Trend Spotter signaled a buy in 5/15 the stock gained 100.28%.

Eros International Plc co-produces, acquires and distributes Indian language film content across multiple formats globally, including theatrical, television and digital channels. It distributes Indian-made films, known as Bollywood movies, in the United Kingdom, United States, Australia, the United Arab Emirates, and India. The Company releases Indian films that are subtitled or dubbed in local languages to Germany, Poland, Russia, Indonesia, Malaysia, Taiwan, Japan, South Korea, China and Arabic speaking countries. Eros International Plc is based in Douglas, the United Kingdom.



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

 Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Weighted Alpha 193.60+
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 46.68% in the last month
  • Relative Strength Index 77.86%
  • Barchart computes a technical support level at 33.63
  • Recently traded at 35.79 with a 50 day moving average of 24.46
Fundamental factors:
  • Market Cap $ 1.08 billion
  • P/E 45.97
  • Revenue expected to grow 15.40% this year and another 20.70% next year
  • Earnings estimated to increase 38.00% this year, an additional 37.80% next year and continue to increase at an annual rate of 15.00% for the next 5 years
  • Wall Street analysts issued 3 strong buy and 1 buy recommendation on the stock
The 50 day moving average vs. the price has been an effective technical trading strategy on the stock.
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