Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: ESS

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Thursday, May 18, 2017

5 Large Caps for Momentum Investors

Today I wanted to find 5 Large Cap stocks that would be of inter st for Momentum Investors. I used Barchart to sort the S&P 500 Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better. Today's Watch List includes:

Essex Properties (ESS), Applied Materials (AMAT), Brown Forman (BF.B) Cognizant Technology Solutions (CTSH) and Electronic Arts (EA)

Essex Properties (ESS)

Barchart technical indicators:

80% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 7.81% in the last month
Relative Strength Index 79.38%
Technical support level at 251.92
Recently traded at 255.35 with a 50 day moving average of 238.62

Applied Materials (AMAT)

Barchart technical indicators:

80% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 15.81% in the last month
Relative Strength Index 64.86%
Technical support level at 42.99
Recently traded at 43.88 with a 50 day moving average of 40.03

Brown Forman (BF.B)

Barchart technical indicators:

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 14.13% in the last month
Relative Strength Index 84.75%
Technical support level at 50.90
Recently traded at 52.51 with a 50 day moving average of 47.28

Cognizant Technology Solutions (CTSH)

Barchart technical indicators:

80% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 12.76% in the last month
Relative Strength Index 77.17%
Technical support level at 64.19
Recently traded at 65.22 with a 50 day moving average of 60.03

Electronic Arts (EA)

Barchart technical indicators:

80% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 20.64% in the last month
Relative Strength Index 69.97%
Technical support level at 103.70
Recently traded at 107.17 with a 50 day moving average of 93.44

Tuesday, May 19, 2015

BARCHART MORNING CALL 5/19

BARCHART MORNING CALL

Tuesday, May 19th, 2015View Older Reports

Everything you need to know about the markets in one free daily newsletter.

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM15 +0.24%) this morning are up +5.50 points (+0.26%) on carry-over optimism from European stocks. The Euro Stoxx 50 index this morning is sharply higher by +1.7% after an ECB official said that the ECB will increase its QE buying in May and June ahead of lower liquidity during the summer. Asian stocks today closed mostly higher with a sharp +3.13% increase in China's Shanghai Composite: Japan +0.68%, Hong Kong +0.37%, Taiwan +1.15%, Australia -0.77%, Singapore -0.16%, South Korea +0.36%, India -0.15%.
The dollar index (DXY00 +0.81%) is up +0.67% as EUR/USD (^EURUSD) tumbled by -0.0106 (-0.94%) on the ECB's announcement that it will temporarily boost the size of QE during May and June. USD/JPY (^USDJPY) is slightly higher by +0.07 points (+0.06%). GBP/USD is down -0.87% this morning on the decline in the UK CPI rate to -0.1% y/y, which will keep BOE policy easy. June 10-year T-notes (ZNM15 +0.20%) are up +6.5 ticks on support from higher June bund prices, which are up +0.67 points.
Commodity prices are down -0.64% this morning on the rally in the dollar index. June WTI crude oil (CLN15 -0.81%) is down -0.51 (-0.85%), June Brent crude oil is down -0.63 (-0.95%), and May gasoline (RBN15 -0.50%) is down -0.0172 (-0.85%). May natural gas (NGN15 +1.80%) is up +0.036 (+1.18%).
Precious metals prices are trading lower this morning on the rally in the dollar index with Jun gold (GCM15 -0.64%) down -7.4 (-0.60%) and July silver (SIN15 -1.65%) down -0.317 (-1.79%). July copper (HGN15 -1.51%) is down -0.052 (-1.79%). Grain prices are trading lower while softs are mixed.
The ECB will increase its QE buying in May and June ahead of lower liquidity during the summer months, according to comments in a speech today by ECB Executive Board member Benoit Coeure. He said that "the slightly higher purchase volume that market analysts may observe in coming weeks is therefore unrelated to the recent episode of market volatility." The QE program involves the purchase of about 60 billion euros per month of securities and is due to last until Sep 2016 and total 1.1 trillion euros. Although Mr. Coeure said that the purchase adjustment is related to liquidity concerns, the outcome is having the ECB's desired effect today of pushing the euro lower and providing support for Eurozone bond prices.
Germany's May ZEW investor confidence index fell sharply by -11.4 points to 41.9 from 53.3 in April, which was substantially weaker than market expectations for a decline to 49. The decline in German investor confidence was driven by the weaker-than-expected German Q1 GDP report of +0.3% q/q, the recent jump in German bond yields, and worries about Greece.

U.S. STOCK PREVIEW

Key U.S. reports today include: (1) April housing starts (expected +9.9% to 1.018 million after March's +2.0% m/m to 926,000).
There are 6 of the S&P 500 companies report earnings today: Wal-Mart (consensus $1.05), Home Depot (1.15), TJX Cos (0.67), Computer Sciences (1.20), Analog Devices (0.72), Autodesk (0.28).
U.S. IPO's scheduled to price today include: none.
Equity conferences this week include: JPMorgan Global Technology, Media and Telecom Conference on Mon-Wed, UBS Global Health Care Conference on Mon-Wed, Electrical Products Group Spring Conference on Mon-Wed, EPG Conference on Mon-Wed, Asian Investment Summit on Tue, Nomura Gaming, Leisure and Lodging Conference on Tue, JPMorgan Chase Homebuilding and Building Products Conference on Tue, Goldman Sachs Basic Materials Conference on Tue-Wed, Barclays America Select Conference on Tue-Wed, Wolfe Research Global Transportation Conference on Tue-Wed, LME Week Asia 2015 on Wed, BMO Farm to Market Conference on Wed-Thu, Janney Montgomery Scott-Company Marketing: Biotechnology-Southeast on Fri.

June E-mini S&Ps this morning are up +5.50 points (+0.26%) on carry-over optimism from European stocks. Monday's closes: S&P 500 +0.30%, Dow Jones +0.14%, Nasdaq +0.42%. The S&P 500 on Monday climbed to a fresh all-time high and closed higher on continued hopes that the Fed may not ease until early 2016 after Chicago Fed President Evans said that “my current view is that my economic outlook and my assessment of the balance of risks will evolve in such a way that I likely will not feel confident enough to begin to raise rates until early next year.” Stocks also saw support from increased M&A activity after Endo International Plc agreed to buy Par Pharmaceutical Holdings for $8.05 billion and after Ascena Retail Group purchased Ann Inc. for $2.2 billion. Tech stocks received a boost from a rally of more than 1% in Apple after billionaire investor Icahn said Apple's stock price is worth $240 a share, over 86% higher than Friday's close, and that the company should increase its stock buyback program.

OVERNIGHT U.S. STOCK MOVERS

Wal-Mart (WMT +0.86%) reported Q1 EPS of $1.03, which was 1 cent below the consensus of $1.04. Q1 revenue of $114.83 billion was below the consensus of $116.3 billion. EPS was knocked down by 3 cents by currency effects. Walmart's U.S. same-store sales were up +1.1%.
Home Depot (HD +0.86%) reported Q1 EPS of $1.21, higher than the consensus of $1.15. Q1 revenue of $20.89 billion was slightly above the consensus of $20.82 billion. Q1 same-store sales rose 6.1%.
Agilent (A +1.40%) reported Q2 EPS of 38 cents, slightly below the consensus of 39 cents. Q2 revenue of $963 million was below the consensus of $989.3 million.
Urban Outfitters (URBN +2.85%) reported Q1 EPS of 25 cents, below the consensus of 30 cents. Q1 revenue of $739.01 million was below the consensus of $758.25 million.

MARKET COMMENTS

June 10-year T-notes are up +6.5 ticks on support from higher June bund prices, which are up +0.67 points. Monday's closes: TYM5 -21.00, FVM5 -10.75. Jun T-notes on Monday closed lower on carry-over weakness from a drop in German bund prices and on reduced safe-haven demand with the rally in the S&P 500 to a new record high.
The dollar index is up +0.67% as EUR/USD tumbled by -0.0106 (-0.94%) on the ECB's announcement that it will temporarily boost the size of QE during May and June. USD/JPY is slightly higher by +0.07 points (+0.06%). GBP/USD is down -0.87% this morning on the decline in the UK CPI rate to -0.1% y/y, which will keep BOE policy easy. Monday's closes: Dollar Index +1.086 (+1.17%), EUR/USD -0.01333 (-1.16%), USD/JPY +0.716 (+0.60%). The dollar index on Monday closed higher on weakness in EUR/USD as market concerns grow about the Greek banking system and the lack of progress in Greek bailout negotiations. USD/JPY received a boost after Japan Mar industrial production was revised lower to -0.8% m/m from -0.3%, which boosted speculation the BOJ may be forced to expand stimulus measures.
June WTI crude oil is down -0.51 (-0.85%), June Brent crude oil is down -0.63 (-0.95%), and May gasoline is down -0.0172 (-0.85%). Monday's closes: CLN5 -0.11 (-0.18%), RBN5 -0.0101 (-0.49%). Jul crude oil and gasoline on Monday closed lower on the stronger dollar and on higher Saudi Arabian oil production. The Joint Organizations Data Imitative (JODI) reported that Saudi March oil output rose to 10.29 million bpd, up +6.7% m/m and the most since at least Jan 2002 when JODI began collecting statistics.

GLOBAL EVENT CALENDAR05/19/2015

US	0830 ET	Apr housing starts expected +9.9% to 1.018 million, Mar +2.0% m/m to 926,000. Apr building permits expected +2.2% to 1.065 million, Mar -5.4% to 1.042 million.
EUR	0200 ET	Eurozone Apr new car registrations.
	0500 ET	Revised Eurozone Apr CPI, previous -0.1% y/y. Revised Apr core CPI, previous +0.6% y/y.
UK	0430 ET	UK Apr CPI expected +0.4% m/m and unch y/y, Mar +0.2% m/m and unch y/y. Apr core CPI expected +1.0% y/y, Mar +1.0% y/y.
	0430 ET	UK Apr RPI expected +0.4% m/m and +0.9% y/y, Mar +0.2% m/m and +0.9% y/y. Apr RPI ex-mortgage interest payments expected +0.9% y/y, Mar +0.9% y/y.
	0430 ET	UK Apr PPI input prices expected +0.8% m/m and -11.5% y/y, Mar +0.3% m/m and -13.0% y/y.
	0430 ET	UK PPI output prices expected +0.2% m/m and -1.6% y/y, Mar +0.2% m/m ad -1.7 y/y. Apr PPI output core prices expected unch m/m and +0.1% y/y, Mar unch m/m and +0.1% y/y.
	0430 ET	UK Mar ONS house prices, Feb +7.2% y/y.
GER	0500 ET	German May ZEW survey expectations of economic growth expected -4.3 to 49.0, Apr 53.3. May ZEW survey current situation expected -2.2 to 68.0, Apr 70.2.
JPN	0130 ET	Japan Apr nationwide department store sales, Mar -19.7% y/y.
	1950 ET	Japan Q1 GDP expected +1.6% q/q annualized, Q4 +1.5% q/q annualized, Q1 GDP deflator expected +3.6% y/y, Q4 +2.4% y/y.
	1950 ET	Japan Q1 GDP private consumption expected +0.2% q/q, Q4 +0.5% q/q. Q1 GDP business spending expected +0.6% q/q, Q4 -0.1% q/q.

U.S. STOCK CALENDAR05/19/2015

Company	Ticker	Time	Event Description	Period	Estimate
Home Depot Inc/The	HD US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.152
Wal-Mart Stores Inc	WMT US	7:00	Q1 2016 Earnings Release	Q1 2016	1.047
Wal-Mart Stores Inc	WMT US	7:00	Q1 2016 Earnings Call	Q1 2016
Baxter International Inc	BAX US	8:00	Investor Conference - Day 2	Y 2015
Home Depot Inc/The	HD US	9:00	Q1 2016 Earnings Call	Q1 2016
TJX Cos Inc/The	TJX US	9:30	Q1 2016 Earnings Release	Q1 2016	0.665
JPMorgan Chase & Co	JPM US	10:00	Annual General Meeting	Y 2015
TJX Cos Inc/The	TJX US	11:00	Q1 2016 Earnings Call	Q1 2016
Juniper Networks Inc	JNPR US	12:00	Annual General Meeting	Y 2015
Gap Inc/The	GPS US	13:00	Annual General Meeting
Essex Property Trust Inc	ESS US	13:00	Annual General Meeting	Y 2015
Computer Sciences Corp	CSC US	16:15	Q4 2015 Earnings Release	Q4 2015	1.198
Analog Devices Inc	ADI US	17:00	Q2 2015 Earnings Call	Q2 2015
Computer Sciences Corp	CSC US	17:00	Q4 2015 Earnings Call	Q4 2015
Autodesk Inc	ADSK US	17:00	Q1 2016 Earnings Call	Q1 2016
Analog Devices Inc	ADI US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.719
Autodesk Inc	ADSK US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.282
Equifax Inc	EFX US		Investor Meeting - Amsterdam	Y 2015
Southwestern Energy Co	SWN US		Annual General Meeting
Skyworks Solutions Inc	SWKS US		Annual General Meeting
Range Resources Corp	RRC US		Annual General Meeting
Morgan Stanley	MS US		Annual General Meeting
Allstate Corp/The	ALL US		Annual General Meeting
Diamond Offshore Drilling Inc	DO US		Annual General Meeting
Principal Financial Group Inc	PFG US		Annual General Meeting
Boston Properties Inc	BXP US		Annual General Meeting
FirstEnergy Corp	FE US		Annual General Meeting	Y 2015

Monday, April 27, 2015

BARCHART MORNING CALL 4/27

BARCHART MORNING CALL

Monday, April 27th, 2015View Older Reports

Everything you need to know about the markets in one free daily newsletter.

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM15 +0.19%) this morning are up +0.22% ahead of this week's 2-day FOMC meeting where the Fed may provide clues as to the timing on an expected interest rate increase. European stocks are up +0.09%, led by a +2.6% increase in HSBC after a report said that it's considering spinning off its UK retail bank for 20 billion pounds ($30 billion). Gains in European stocks were limited after Deutsche Bank fell 3% when it scrapped its profitability goal for next year and set a lower target for the medium term. The Greek debt situation is another concern for European markets as Greece has to pay pensioners and state workers this week and is counting on deposits of its local governments to meet end-of-month payments of over 1.5 billion euros. Eurozone finance ministers late Friday said they won't disburse more aid until bailout terms are met by Greece's government. Asian stocks closed mixed: Japan -0.18%, Hong Kong +1.33%, China +3.04%, Taiwan +0.60%, Australia +0.83%, Singapore +0.08%, South Korea -0.37%, India -0.95%. China's Shanghai Composite Index rose to a fresh 7-year high on speculation the government will expand stimulus to revive economic growth.
Commodity prices are mixed. Jun crude oil (CLM15 +0.03%) is down -0.26% Jun gasoline (RBM15 -0.02%) is down -0.24%. Losses were contained on concern that escalation of Saudi Arabia's military campaign in Yemen may disrupt Middle Eastern crude supplies after the Saudi Press Agency reported that Saudi Arabia deployed National Guard troops to its southern borders. Metals prices are higher. Jun gold (GCM15 +0.82%) is up +0.60% and May copper (HGK15 +0.20%) is up +0.29%. Agriculture prices are mixed.
The dollar index (DXY00 +0.29%) is up +0.20%. EUR/USD (^EURUSD) is down -0.25%. USD/JPY (^USDJPY) is up +0.28%.

Jun T-note prices (ZNM15 -0.01%) are little changed, down -0.5 of a tick.
Fitch Ratings cut Japan's sovereign-credit rating one notch to 'A' from 'A+' with a stable outlook, saying "the Japanese government did not include sufficient structural fiscal measures in its budget for the fiscal year" beginning this month to offset effects of the delay in the sales-tax increase.

U.S. STOCK PREVIEW

Key U.S. reports today include: (1) the preliminary-Apr Markit U.S. services PMI (expected -0.4 to 58.8 after March's +2.1 to 59.2), (2) the Apr Dallas Fed manufacturing outlook survey (expected +5.4 to -12.0 after March's -6.2 to -17.4), and (3) the Treasury's auction of $26 billion of 2-year T-notes.
There are 10 of the S&P 500 companies that report earnings today with notable reports including: Apple (consensus $2.16), General Growth Properties (0.32), Lab Corp (1.63), Roper Industries (1.52), Plum Creek Timber (0.22), Hartford Financial (0.97).
U.S. IPO's scheduled to price or trade today include: none
Equity conferences this week include: Milken Institute Global Conference on Mon-Wed.

OVERNIGHT U.S. STOCK MOVERS

Helmerich & Payne (HP -1.21%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Citigroup raised its price target for Disney (DIS +0.49%) to $125 from $110 and keeps a 'Buy' rating on the stock.
Eaton Vance (EV -0.83%) was downgraded to 'Sell' from 'Neutral' at Citigroup.
Essex Property Trust (ESS -0.32%) was upgraded to 'Buy' from 'Hold' at Jefferies.
Perrigo (PRGO -4.33%) was downgraded to 'Neutral' from 'Buy' at UBS.
C.H. Robinson (CHRW +0.04%) was downgraded to 'Sell' from 'Neutral' at UBS.
Six Flags (SIX +2.41%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
SeaWorld (SEAS +1.66%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Allscripts (MDRX -1.18%) was upgraded to 'Neutral' from 'Underweight' at Piper Jaffray.
Roper Industries (ROP -0.08%) reported Q1 EPS of $1.55, above consensus of $1.52.
Laboratory Corporation of America Holdings (LH +0.44%) reported Q1 EPS of $1.73, better than consensus of $1.63.
Applied Materials (AMAT -1.67%) slid nearly 7% in pre-market trading after the compnay scrapped its planned $9.39 billion takeover bid of rival Tokyo Electron Ltd. on opposition from the U.S. Department of Justice.
Marvell (MRVL -1.51%) dropped 5% in after-hours trading after it lowered its Q1 revenue guidance to $710 million-$740 million from $810 million-$830 million, well below consensus of $816.25 million.
Paulson & Co. reported an 11.7% passive stake in Synthesis Energy (SYMX -6.09%) .

MARKET COMMENTS

June E-mini S&Ps (ESM15 +0.19%) this morning are up +4.75 points (+0.22%). Friday's closes: S&P 500 +0.23%, Dow Jones +0.12%, Nasdaq +1.33%. The S&P 500 on Friday closed higher, supported mainly by a rally in tech stocks that pushed the Nasdaq Composite Index to a record high. Stocks also received a lift from European stocks after the German Apr IFO business confidence index rose +0.7 to a 10-month high of 108.6.
Jun 10-year T-notes (ZNM15 -0.01%) this morning are down -0.5 of a tick. Friday's closes: TYM5 +8.00, FVM5 +6.25. June T-notes on Friday closed higher on additional weak U.S. economic data as Mar core capital goods orders (ex-defense ex-aircraft), a proxy for capital spending fell -0.5% for the seventh straight monthly decline.
The dollar index (DXY00 +0.29%) this morning is up +0.194 (+0.20%). EUR/USD (^EURUSD) is down -0.0027 (-0.25%). USD/JPY (^USDJPY) is up +0.33 (+0.28%). Friday's closes: Dollar Index -0.356 (-0.37%), EUR/USD +0.00482 (+0.45%), USD/JPY -0.622 (-0.52%). The dollar index on Friday fell to a 2-1/2 week low and closed lower on the weak U.S. March core capital goods orders report and strength in EUR/USD on the rise in German Apr IFO business confidence index to a 10-month high.
Jun WTI crude oil (CLM15 +0.03%) this morning is down -15 cents (-0.26%) and Jun gasoline (RBM15 -0.02%) is down -0.0048 (-0.24%). Friday's closes: CLM5 -0.59 (-1.02%), RBM5 +0.0130 (+0.65%). Jun crude oil and gasoline prices on Friday settled mixed with crude oil continuing to see weakness on Wednesday's EIA report of a new record high in both U.S. and Cushing crude oil inventories. Supportive factors on Friday included the ongoing Saudi air strikes in Yemen and weakness in the dollar index.

GLOBAL EVENT CALENDAR04/27/2015

US	0945 ET	Prelim-Apr Markit U.S. services PMI expected -0.4 to 58.8, Mar +2.1 to 59.2. Prelim-Apr Markit composite PMI, March +2.0 to 59.2.
	1030 ET	Apr Dallas Fed manufacturing outlook survey expected +5.4 to -12.0, Mar -6.2 to -17.4.
	1100 ET	USDA weekly grain export inspections.
	1300 ET	Treasury auctions $26 billion 2-year T-notes.
	1600 ET	USDA weekly crop progress.
GER	0200 ET	German Mar import price index expected +0.4% m/m and -2.0% y/y, Feb +1.4% m/m and -3.0% y/y.
EUR	0430 ET	ECB Vice President Vitor Constancio and ECB Governing Council member Luc Coeure speak at a Joint Conference of the European Commission and ECB on European Financial Integration and Stability.
UK	0600 ET	UK Apr CBI trends total orders expected +4 to 4, Mar 0. Apr CBI trends selling prices expected -2 to 2, Mar 4. Apr CBI business optimism expected +4 to 19, Mar 15.
JPN	1950 ET	Japan Mar retail sales expected +0.6% m/m and -7.5% y/y, Feb +0.7% m/m and -1.7% y/y.

U.S. STOCK CALENDAR04/27/2015

Company	Ticker	Time	Event Description	Period	Estimate
Laboratory Corp of America Holdings	LH US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	1.626
Roper Industries Inc	ROP US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	1.52
Roper Industries Inc	ROP US	8:30	Q1 2015 Earnings Call	Q1 2015
Laboratory Corp of America Holdings	LH US	9:00	Q1 2015 Earnings Call	Q1 2015
Boeing Co/The	BA US	10:00	Annual General Meeting	Y 2015
Honeywell International Inc	HON US	10:30	Annual General Meeting	Y 2015
United Technologies Corp	UTX US	14:00	Annual General Meeting
Plum Creek Timber Co Inc	PCL US	17:00	Q1 2015 Earnings Call	Q1 2015
Apple Inc	AAPL US	17:00	Q2 2015 Earnings Call	Q2 2015
Plum Creek Timber Co Inc	PCL US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	0.215
Universal Health Services Inc	UHS US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	1.563
Apple Inc	AAPL US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	2.157
General Growth Properties Inc	GGP US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	0.321
AvalonBay Communities Inc	AVB US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	1.753
Hartford Financial Services Group Inc/The	HIG US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	0.966
Boston Properties Inc	BXP US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	1.242
CH Robinson Worldwide Inc	CHRW US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	0.738
Genuine Parts Co	GPC US		Annual General Meeting
BB&T Corp	BBT US		Board Meeting
Microsoft Corp	MSFT US		ITC to Release Findings-Interdigital vs Microsoft Patent-Infringement

Wednesday, November 5, 2014

5 Interesting Large Caps

I wanted to find 5 Large Caps with good momentum so I used Barchart to sort the S&P 500 Large Cap Index stocks for the ones with the most frequent new highs in the last month, then used the Flipchart feature to review the charts. Today's list includes Health Care REIT (HCN), Scana Corp (SCG), Essex Properties (ESS), Integrys Energy (TEG) and Macerich (MAC):

Health Care REIT (HCN)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above ts 20, 50 and 100 day moving averages
20 new highs and up 15.05% in the last month
Relative Strength Index 81.29%
Barchart computes a technical support level at 70.36
Recently traded at 72.23 with a 50 day moving average of 66.19

Scana Corp (SCG)

Barchart technical indicators:

80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 14.08% in the last month
Relative Strength Index 74.53%
Barchart computes a technical support level at 54.72
Recently traded at 55.35 with a 50 day moving average of 51.07

Essex Properties (ESS)

Barchart technical indicators:

88% Barchart technical buy signals
Trend Spotter buy signals
Above its 20. 50 and 100 day moving averages
17 new highs and up 13.68% in the last month
Relative Strength Index 84.19%
Barchart computes a technical support level at 200.99
Recently traded at 204.56 with a 50 day moving average of 188.04

Integrys Energy (TEG)

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 10.90% in the last month'
Relative Strength Index 70.29%
Barchart computes a technical support level at 71.39
Recently traded at 72.34 with a 50 day moving average of 67.78

Macerich (MAC)

Barchart technical indicators:

88% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new Hg's and up 10.90% in the last month
Relative Strength Index 77.00%
Barchart computes a technical support level at 71.33
Recently traded at 71.33 with a 50 day moving average of 65.96

Tuesday, May 20, 2014

5 Great Mid Caps

Today I sorted the S&P 400 Mid Cap Index to find the stocks with the best technical indicators and charts. First, I sorted for new highs frequency in the last month, then I used the Flipchart feature to review the charts. I skipped over a lot of charts till I found the consistency I liked.

Today list includes Essex Property Trust (ESS), Mid-America Apartment Communities (MAA), Old Dominion Freight Lines (ODFL), Equinix (EQIX), and Omega Healthcare Investors (OHI):

Essex Property Trust (ESS)

Barchart technical indicators:

88% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 6.78% in the last month
Relative Strength Index 62.79%
Barchart computes a technical support level at 178.04
Recently traded at 179.28 with a 50 day moving average of 170.87

Mid-America Apartment Communities (MAA)

Barchart technical indicators:

80% Barchart technical buy signals
Trend Spotter buy signals
Above its 20, 50 and 100 day moving averages
12 new highs and up 6.13% in the last month
Relative Strength Index 68.80%
Barchart computes a technical support level at 71.50
Recently traded at 72.33 with a 50 day moving average of 68.92

Old Dominion Freight Lines (ODFL)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 12.84% in the last month
Relative Strength Index 71.45%
Barchart computes a technical support level at 60.72
Recently traded at 62.40 with a 50 day moving average of 57.51

Equinix (EQIX)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 9.82% in the last month
Relative Strength Index 70.14%
Barchart computes a technical support level at 192.30
Recently traded at 196.55 with a 50 day moving average of 183.96

Omega Healthcare Investors (OHI)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 6.17% in the last month
Relative Strength Index 68.42%
Barchart computes a technical support level at 36.05%
Recently traded at 36.50 with a 50 day moving average of 34.33

Thursday, March 27, 2014

BARCHART MORNING CALL 3/27

BARCHART MORNING CALL

Thursday, March 27th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM14 +0.22%) this morning are up +0.24% and European stocks are up +0.03% as Ukraine reached a preliminary deal with the IMF for up to $27 billion of international support to avert default and limit economic damage from the 4-month long political crisis. Another boost to European stocks was the surge in UK Feb retail sales by more than three times expectations. Asian stocks closed mixed: Japan +1.01%, Hong Kong -0.24%, China -0.71%, Taiwan +0.48%, Australia -0.50%, Singapore +0.61%, South Korea +0.85%, India +0.54%. Commodity prices are mixed. May crude oil (CLK14 +0.63%) is up +0.10%. May gasoline (RBK14 +0.50%) is up +0.23%. Apr gold (GCJ14 -0.68%) is down -0.67% at a 1-1/2 month low on long liquidation fueled by expectations for the Fed to continue to taper QE3. May copper (HGK14 +0.93%) is up +0.96%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.15%) is up +0.12%. EUR/USD (^EURUSD) is down -0.16% at a 3-week low on speculation the ECB at next week's policy meeting may push ahead with additional stimulus measures to weaken the euro. USD/JPY (^USDJPY) is up +0.18%. June T-note prices (ZNM14 -0.09%) are down -2 ticks.
Eurozone Feb M3 money supply rose +1.3% y/y and +1.2% 3-mon avg, right on expectations. Eurozone Feb lending to companies and households contracted -2.2% y/y, the 22nd consecutive month lending has contracted.
UK Feb retail sales ex autos rose +1.8% m/m, six times higher than expectations of +0.3% and the biggest increase in 9-months. On an annual basis retail sales ex autos rose +4.2% y/y, better than expectations of +2.9% y/y.
UK Feb retail sales including autos rose +1.7% m/m, over three times expectations of +0.5% m/m and the largest monthly gain in 9-months. On an annual basis, retail sales including autos rose +3.7% y/y, better than expectations of +2.45 y/y.
China Feb industrial profits rose +9.4% year-to-date y/y, the smallest increase in over a year.

U.S. STOCK PREVIEW

Today’s weekly initial unemployment claims report is expected to show a small increase of +4,000 to 324,000, adding to last week’s increase of +5,000 to 320,000. Meanwhile, continuing claims are expected to fall -7,000 to 2.882 million, reversing part of last week’s +41,000 increase to 2.889 million. Today’s Q4 GDP report is expected to be revised slightly higher by +0.3 points to +2.7% (q/q annualized) from the last estimate of +2.4%. Today’s Feb pending home sales report is expected to show an increase of +0.2% m/m, edging a bit higher after the small +0.1% increase seen in January. There are 5 of the Russell 1000 companies that report earnings today: Accenture (consensus $1.04), Leidos Holdings (0.45), Signet Jewelers (2.15), GameStop (1.93), Red Hat (0.37). Equity conferences during the remainder of this week include: Jefferies Animal Health Day on Thu, and Jefferies Animal Health Day on Thu

OVERNIGHT U.S. STOCK MOVERS

Baxter International (BAX +2.47%) announced plans to create two separate, independent global healthcare companies; one focused on developing and marketing innovative biopharmaceuticals and the other on life-saving medical products.
Signet Jewelers (SIG -1.17%) reported Q4 EPS of 2.18, higher than consensus of $2.15.
lululemon (LULU +0.50%) lowered guidance on fiscal 2014 EPS to $1.80-$1.90, weaker than consensus of $2.14.
Leidos (LDOS +0.37%) reported Q4 EPS of 56 cents, well above consensus of 45 cents.
Accenture PLC (ACN -0.66%) reported Q2 EPS of $1.03, less than expectations of $1.04, but then raised guidance on fiscal 2014 EPS view to $4.50-$4.62 from $4.44-$4.56, higher than consensus of $4.51.
H.B. Fuller (FUL -0.78%) reported Q1 adjusted EPS of 49 cents, less than consensus of 50 cents.
Essex Property (ESS -2.44%) will replace Cliffs Natural (CLF -2.03%) in the S&P 500 as of the April 1 close.
American Express (AXP -1.30%) said it will increase its quarterly dividend by 13% to 26 cents per share and that it will repurchase up to $4.4 billion of common shares during 2014 and up to an additional $1 billion in the first quarter of 2015.
Morgan Stanley (MS -1.17%) said it will double its dividend to 10 cents from 5 cents and also announced a $1 billion stock repurchase plan.
The Fed said that after its stress tests for this year it rejected the capital plans of Citigroup (C -0.28%) , HSBC North America Holdings (HSBC -0.43%) , RBS Citizens Financial Group (RBS -2.15%) , and Santander Holdings (SAN +0.99%) . The Fed also said it objected to the capital plan of Zions Bancorporation (ZION -1.31%) because the firm did not meet the minimum, post-stress tier-1 common ratio of 5 percent.
Paychex (PAYX -1.30%) rose 3% in after-hours trading after it reported Q3 EPS of 44 cents, better than consensus of 42 cents.

MARKET COMMENTS

June E-mini S&Ps (ESM14 +0.22%) this morning are up +4.50 points (+0.24%). The S&P 500 on Tuesday erased an early rally and closed lower after President Obama said Russia’s actions in Crimea must be met with condemnation, which raised concerns of escalation of the Ukraine crisis. Stocks had opened higher on bullish factors that included (1) the +2.2% increase in Feb durable goods orders, better than expectations of +0.8%, and (2) comments from St. Louis Fed President Bullard who said the U.S. is in “good shape” to have economic growth of more than +3.0% for the remaining quarters in 2014. Closes: S&P 500 -0.70%, Dow Jones -0.60%, Nasdaq -1.29%.
Jun 10-year T-notes (ZNM14 -0.09%) this morning are down -2 ticks. Jun 10-year T-note futures prices on Wednesday closed higher. T-notes moved higher on weaker stocks along with strong demand for the Treasury’s $35 billion auction of 5-year T-notes that had a bid-to-cover ratio of 2.99, higher than the 12-auction average of 2.63 and the highest in 1-1/2 years. Closes: TYM4 +10.50, FVM4 +7.25.
The dollar index (DXY00 +0.15%) this morning is up +0.093 (+0.12%). EUR/USD (^EURUSD) is down -0.0022 (-0.16%) at a 3-week low. USD/JPY (^USDJPY) is up +0.18 (+0.18%). The dollar index on Wednesday closed higher. The dollar rose on supportive factors that included (1 the stronger than expected increase in U.S. Feb durable goods orders, and (2) comments from St. Louis Fed President Bullard, who said that the U.S. is in “good shape” to have economic growth of more than +3.0% for the remaining quarters in 2014. Closes: Dollar index +0.088 (+0.11%), EUR/USD -0.0045 (-0.33%), USD/JPY -0.222 (-0.22%).
May WTI crude oil (CLK14 +0.63%) this morning is up +10 cents (+0.10%) and May gasoline (RBK14 +0.50%) is up +0.0067 (+0.23%). May crude and gasoline prices on Wednesday closed higher with May crude at a 2-week high. Bullish factors included (1) the -1.3 million bbl drop in crude oil stockpiles at Cushing, OK, the delivery point for WTI futures, to a 2-yr low of 28.5 million bbl, and (2) the -5.101 million bbl plunge in EIA gasoline inventories to a 3-1/2 month low of 217.2 million bbl. Bearish factors centered on the +6.619 bbl surge in weekly EIA crude supplies to a 3-1/2 month high of 382 million bbl, the tenth consecutive increase and more than double expectations of a +2.85 million bbl increase. Closes: CLK4 +1.07 (+1.08%). RBK4 +0.0246 (+0.85%).

GLOBAL EVENT CALENDAR03/27/2014

US	0830 ET	Weekly initial unemployment claims expected +4,000 to 324,000, previous +5,000 to 320,000. Weekly continuing claims expected -7,000 to 2.882 million, previous +41,000 to 2.889 million.
	0830 ET	Q4 GDP expected revised higher to +2.7% (q/q annualized) from +2.4%. Q4 personal consumption expected revised higher to +2.8% from +2.6%. Q4 GDP price index expected unrevised at +1.6%. Q4 GDP PCE expected unrevised at +1.3%.
	0830 ET	Cleveland Fed President Sandra Pianalto speaks at the University of Dayton.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Feb pending home sales expected +0.2% m/m and -9.0% y/y, Jan +0.1% m/m and -9.1% y/y.
	1300 ET	Treasury auctions $29 billion 7-year T-notes.
	2130 ET	Chicago Fed President Charles Evans delivers a speech at an Asian Investment Conference in Hong Kong.
EUR	0500 ET	Eurozone Feb M3 money supply expected +1.3% y/y and +1.2% 3-month avg, Jan +1.2% y/y and +1.2% 3-month avg.
UK	0530 ET	UK Feb retail sales ex autos expected +0.3% m/m and +2.9% y/y, Jan -1.5% m/m and +4.8% y/y.
	0530 ET	UK Feb retail sales including autos expected +0.5% m/m and +2.4% y/y, Jan -1.5% m/m and +4.3% y/y.
	0530 ET	UK Jan index of services, Dec +0.2% m/m and +0.8% 3-mon/3-mon.
	2005 ET	UK Mar GfK consumer confidence expected +1 to -6, Feb -7.
JPN	1930 ET	Japan Feb overall household spending expected +0.1% y/y, Jan +1.1% y/y.
	1930 ET	Japan Feb jobless rate expected unch at 3.7%, Jan 3.7%. Feb job-to-applicant ratio expected +0.01 to 1.05, Jan 1.04.
	1930 ET	Japan Feb national CPI expected +1.5% y/y, Jan +1.4% y/y. Feb national CPI ex fresh food expected +1.3% y/y, Jan +1.3% y/y. Feb national CPI ex food & energy expected +0.8% y/y, Jan +0.7% y/y.
	1930 ET	Japan Mar Tokyo CPI expected +1.2% y/y, Feb +1.1% y/y. Mar Tokyo CPI ex-fresh food expected +0.9% y/y, Feb +0.9% y/y. Mar Tokyo CPI ex food & energy expected +0.5% y/y, Feb +0.5% y/y.
	1950 ET	Japan Feb retail sales expected -0.1% m/m and +3.5% y/y, Jan +1.6% m/m and +4.4% y/y.

U.S. STOCK CALENDAR03/27/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Accenture PLC	ACN US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	1.036
Leidos Holdings Inc	LDOS US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.446
Signet Jewelers Ltd	SIG US	6:30	Q4 2014 Earnings Release	Q4 2014	2.148
Accenture PLC	ACN US	8:00	Q2 2014 Earnings Call	Q2 2014
Leidos Holdings Inc	LDOS US	8:00	Q4 2014 Earnings Call	Q4 2014
NASDAQ OMX Group Inc/The	NDAQ US	8:15	Investor Day	Y 2014
Signet Jewelers Ltd	SIG US	8:30	Q4 2014 Earnings Call	Q4 2014
GameStop Corp	GME US	8:30	Q4 2014 Earnings Release	Q4 2014	1.929
Paychex Inc	PAYX US	10:30	Q3 2014 Earnings Call	Q3 2014
GameStop Corp	GME US	11:00	Q4 2014 Earnings Call	Q4 2014
Microsoft Corp	MSFT US	13:00	Microsoft Office For Apple's iPad-Debut
Sempra Energy	SRE US	13:00	Analyst Conference	Y 2014
Edison International	EIX US	17:00	SONGS OII Settlement Agreement Call
Red Hat Inc	RHT US	17:00	Q4 2014 Earnings Call	Q4 2014
Red Hat Inc	RHT US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.374
Vertex Pharmaceuticals Inc	VRTX US		PDUFA, Kalydeco, cystic fibrosis (CF) w/ non-G551D CFTR gating mutations

Thursday, February 6, 2014

Today's New High Winners

Today I used Barchart to sort the New High List for frequency in the last month, skipped those that did not have positive results for both the last week and month, then used the Flipchart feature to review the charts. Notice that 3 of the 4 are real estate issues. Various types of REITs are having a good month.

The list today includes Minco Gold (MGH), Transcontinental Realty Investors (TCI), Essex Property Trust (ESS), NXP Semiconductors (NXPI) and Alexandria Real Estate Equities (ARE):

Minco Gold (MHG)