The 5 Best Large Caps

Just like it always 5 O'Clock somewhere, there are always some stocks that buck the trend.  Today I used Barchart to sort the S&P 500 Large Cap Index stocks for the 5 with the highest technical buy signals and good looking charts.

Today's list includes Harris Corp (HRS), First Solar (FSLR), Flir Systems (FLIR), Dollar Tree (DLTR) and Coach (COH).

Harris Corp (HRS)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 5.15% in the last month
• Relative Strength Index 64.57%
• Technical support level at 85.37
• Recently traded at 88.83 with a 50 day moving average of 82.46

First Solar (FSLR)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 18.68% in the last month
• Relative Strength Index 72.97%
• Technical support level at 63.20
• Recently traded at 70.45 with a 50 day moving average of 58.59

Flir Systems (FLIR)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter hold signal
• Above its 20, 50 and 100 day moving averages
• 2 new highs and up 1.02% in the last month
• Relative Strength Index 64.74%
• technical support level at 27.78
• Recently traded at 30.78 with a 50 day moving average at 28.58

Dollar Tree (DLTR)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 3.68% in the last month
• Relative Strength Index 65.29%
• Technical support level at 75.18
• Recently traded at 80.17 with a 50 day moving average of 72.15

Coach (COH)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 10.43% in the last month
• Relative Strength Index 62.04%
• Technical support level at 31.55
• Recent traded at 33.47 with a 50 day moving average of 31.49

BARCHART MORNING CALL 2/6

BARCHART MORNING CALL

Friday, February 6th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH15 +0.16%) this morning are up +0.09% ahead of the U.S. Jan payrolls report and European stocks are down -0.53% after German Dec industrial output rose less than expected. Russia's Micex Stock Index soared nearly 3% to a 3-3/4 year high as the recent rebound in crude prices has boosted Russian energy producers. German Chancellor Merkel and French President Hollande are set to meet Russian President Putin today in Moscow to discuss a peace plan for Ukraine. Asian stocks closed mixed: Japan +0.82%, Hong Kong -0.35%, China -1.62%, Taiwan -0.59%, Australia +0.16%, Singapore +0.73%, South Korea +0.15%, India -0.46%. China's Shanghai Stock Index fell to a 6-week low after data this week fueled concern of a slowdown in China's economy. Chinese stocks continue to fall despite the action by the PBOC on Wednesday to cut the reserve ratio of banks. Commodity prices are mostly higher. Mar crude oil (CLH15 +2.73%) is up +3.45% and Mar gasoline (RBH15 +2.26%) is up +2.86%. Apr gold (GCJ15 +0.07%) is up +0.13%. Mar copper (HGH15 -0.73%) is down -0.52% after German industrial production rose less than expected and after weekly Shanghai copper inventories rose +2,354 MT to a 9-3/4 month high of 139,396 MT. Agriculture prices are higher. The dollar index (DXY00 +0.06%) is up +0.14%. EUR/USD (^EURUSD) is down -0.28%. USD/JPY (^USDJPY) is down -0.19%. Mar T-note prices (ZNH15 +0.02%) are down -1 tick.
German Dec industrial production rose +0.1% m/m, less than expectations of +0.4% m/m. On an annual basis, Dec industrial production fell -0.7% y/y, more than expectations of -0.3% y/y and the biggest year-over-year decline in 4 months.
The Japan Dec leading index CI rose +1.3 to 105.2, less than expectations of +1.5 to 105.4. The Dec coincident index climbed +1.5 to 110.7, better than expectations of +1.3 to 110.5 and the highest in 7 months.

U.S. STOCK PREVIEW

Today’s Jan payroll report is expected to show an increase of +230,000 (private payrolls expected +225,000). Today’s Jan unemployment rate is expected to be unchanged from December’s 6-1/2 year low of 5.6%. Today’s Dec consumer credit report is expected to show another strong increase of +$15.0 billion, up from Nov’s +$14.08 billion but mildly below the year-to-date monthly average of +$18.2 billion.
There are 16 of the S&P 500 companies that report earnings today: AON PLC (consensus $1.86), Moody's (0.95), Marsh & McLennan Cos. (0.66), Harris Corp. (1.18), FLIR Systems (0.48), Dominion Resources (0.83), Sigma-Aldrich (1.09). There are no equity conferences today.

OVERNIGHT U.S. STOCK MOVERS

AON Plc (AON +0.64%) reported Q4 EPS of $1.89, better than consensus of $1.86.
Bloomberg reported that RadioShack (RSH unch) has filed for bankruptcy protection.
McKesson (MCK +2.38%) rose 1% in after-hours trading after it reported Q3 adjusted EPS of $2.89, well above consensus of $2.61.
Standard Pacific (SPF -1.63%) reported Q4 EPS of 16 cents, above consensus of 15 cents.
Tempur Sealy (TPX -0.87%) reported Q4 adjusted EPS of 86 cents, better than consensus of 85 cents.
Activision Blizzard (ATVI +1.39%) fell 8% in after-hours trading after it reported Q4 EPS of 94 cents, above consensus of 88 cents, but then lowered guidance on fiscal 2015 EPS to $1.15, below consensus of $1.43, and lowered its fiscal 2015 revenue estimate to $4.40 billion, below consensus of $4.71 billion.
CME Group (CME +1.78%) reported Q4 EPS ex-items of 95 cents, higher than consensus of 93 cents.
News Corp. (NWSA +0.90%) reported Q2 adjusted EPS of 26 cents, more than consensus of 24 cents.
Symantec (SYMC +1.45%) reported Q3 EPS of 53 cents, better than consensus of 49 cents.
Kemper (KMPR +1.82%) reported Q4 EPS of $1.02, well above consensus of 70 cents.
Twitter (TWTR +1.33%) surged more than 9% in after-hours trading after it reported Q4 EPS of 12 cents, double consensus of 6 cents.
Expedia (EXPE +0.15%) slumped 8% in after-hours trading after it reported Q4 adjusted EPS of 86 cents, well below consensus of $1.01.
Nuance (NUAN -1.11%) reported Q1 EPS of 25 cents, higher than consensus of 22 cents.
LinkedIn (LNKD +2.56%) rose over 9% in after-hours trading after it reported Q4 EPS of 61 cents, beter than consensus of 53 cents.
Buffalo Wild Wings (BWLD -0.43%) reported Q4 EPS of $1.07, weaker than consensus of $1.11.
Lionsgate (LGF +1.84%) reported Q3 adjsuted EPS of 79 cents, above consensus of 64 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH15 +0.16%) this morning are up +1.75 points (+0.09%). The S&P 500 index on Thursday posted a 1-1/2 week high and closed higher: S&P 500 +1.03%, Dow Jones +1.20%, Nasdaq +0.83%. Bullish factors included (1) the +11,000 increase in U.S. weekly initial unemployment claims, less than expectations of +25,000 to 290,000, (2) increased M&A activity after Pfizer agreed to buy Hospira for $17 billion, and (3) strength in energy producers after crude oil rallied.
Mar 10-year T-notes (ZNH15 +0.02%) this morning are down -1 tick. Mar 10-year T-note futures prices on Thursday closed lower. Closes: TYH5 -4.50, FVH5 -1.00. Bearish factors included (1) the smaller-than-expected increase in U.S. weekly jobless claims, (2) a rise in inflation expectations after the 10-year breakeven inflation rate rose to a 1-3/4 month high, and (3) a rally in the S&P 500 to a 1-1/2 week high, which reduced safe-haven demand for T-notes.
The dollar index (DXY00 +0.06%) this morning is up +0.135 (+0.14%). EUR/USD (^EURUSD) is down -0.0032 (0.28%). USD/JPY (^USDJPY) is down -0.22 (-0.19%). The dollar index on Thursday closed lower: Dollar index -0.417 (-0.44%), EUR/USD +0.01338 (+1.18%), USD/JPY +0.257 (+0.22%). Negative factors included (1) the unexpected widening of the U.S. Dec trade deficit to the largest deficit in 2 years, and (2) strength in EUR/USD after the European Commission raised its 2015 Eurozone GDP forecast to 1.3% from 1.1% projected in Nov and after the Scweiz am Sonntag newspaper reported the SNB was buying euros to weaken the Swiss franc.
Mar WTI crude oil (CLH15 +2.73%) this morning is up +$1.74 a barrel (+3.45%) and Mar gasoline (RBH15 +2.26%) is up +0.0436 (+2.86%). Mar crude oil and Mar gasoline on Thursday closed higher: CLH5 +2.03 (+4.19%), RBH5 +0.0476 (+3.21%). Bullish factors included (1) a weaker dollar, (2) a rally in the S&P 500 to a 1-1/2 week high, which bolsters confidence in the economic outlook and energy demand, and (3) the ongoing strike by the United Steelworkers union, which represents employees at more than 200 refineries and 10% of U.S. refining output, which may lead to reduced gasoline and distillate output.

GLOBAL EVENT CALENDAR02/06/2015

US	0830 ET	Jan non-farm payrolls expected +230,000, Dec +252,000. Jan private payrolls expected +225,000, Dec +240,000. Jan manufacturing payrolls expected +12,000, Dec +17,000. Jan unemployment rate expected unch at 5.6%, Dec -0.2 to 5.6%.
	0830 ET	Jan avg hourly earnings expected +0.3% m/m and +1.9% y/y, Dec -0.2% m/m and +1.7% y/y. Jan avg weekly hours all-employees expected unch at 34.6 hours.
	1245 ET	Atlanta Fed President Dennis Lockhart speaks about the U.S. economic outlook and monetary policy to the Southwest Florida Business Leaders Luncheon.
	1500 ET	Dec consumer credit expected +$15.000 billion, Nov +$14.081 billion.
JPN	0000 ET	Japan Dec leading index CI expected +1.5 to 105.4, Nov 103.9. Dec coincident index expected +1.3 to 110.5, Nov 109.2.
GER	0200 ET	German Dec industrial production expected +0.4% m/m and -0.3% y/y, Nov -0.1% m/m and -0.5% y/y.

U.S. STOCK CALENDAR02/06/2015

Company	Ticker	Time	Event Description	Period	Estimate
Aon PLC	AON US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	1.86
Moody's Corp	MCO US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.948
Marsh & McLennan Cos Inc	MMC US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.66
Harris Corp	HRS US	6:30	Q2 2015 Earnings Release	Q2 2015	1.18
FLIR Systems Inc	FLIR US	7:30	Q4 2014 Earnings Release	Q4 2014	0.481
St Jude Medical Inc	STJ US	8:00	Investor Meeting	Y 2015
Aon PLC	AON US	8:30	Q4 2014 Earnings Call	Q4 2014
Corning Inc	GLW US	8:30	Investor Meeting	Y 2015
Harris Corp	HRS US	8:30	Q2 2015 Earnings Call	Q2 2015
Marsh & McLennan Cos Inc	MMC US	8:30	Q4 2014 Earnings Call	Q4 2014
Kimco Realty Corp	KIM US	10:00	Q4 2014 Earnings Call	Q4 2014
FLIR Systems Inc	FLIR US	11:00	Q4 2014 Earnings Call	Q4 2014
Moody's Corp	MCO US	11:30	Q4 2014 Earnings Call	Q4 2014
Apartment Investment & Management Co	AIV US	13:00	Q4 2014 Earnings Call	Q4 2014
Dominion Resources Inc/VA	D US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.83
Sigma-Aldrich Corp	SIAL US		Q4 2014 Earnings Release	Q4 2014	1.085

BARCHART MORNING CALL 3/4

BARCHART MORNING CALL

Tuesday, March 4th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 +1.14%) this morning are up sharply by +1.06% and European stocks rose +2.23% after Russian President Putin said Russia isn't considering taking over Crimea and would only send troops to Ukraine in an extreme case. Putin's comments signal the crisis won't escalate, which has boosted global stocks and undercut commodity prices that rallied sharply on Monday. Asian stocks closed mixed: Japan +0.47%, Hong Kong +0.70%, China -0.28%, Taiwan -0.55%, Australia +0.30%, Singapore +0.56%, South Korea -0.59%, India +1.26%. Another positive for U.S. stocks was comments from former Fed Chairman Bernanke who was speaking at a Global Financial Markets Forum in Abu Dhabi and said that the U.S. economy is seeing signs of progress and that there is "good reason to think U.S. GDP to grow around 3% this year." Commodity prices are mostly lower. Apr crude oil (CLJ14 -1.33%) is down -1.46%. Apr gasoline (RBJ14 -1.33%) is down -1.46%. Apr gold (GCJ14 -1.22%) is down -1.13%. May copper (HGK14 +0.47%) is up +0.30%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.10%) is down -0.10%. EUR/USD (^EURUSD) is up +0.19%. USD/JPY (^USDJPY) is up +0.42%. June T-note prices (ZNM14 -0.36%) are down -16 ticks.
In his first public remarks since former Ukraine President Yanukovych was ousted last month, Russian President Putin said he'd only send troops to Ukraine in an extreme case and that Yanukovych asked for military protection of ethnic Russians in his country. Putin said Russia isn't considering taking over Crimea and that Russian troops were performing military drills near the border of Ukraine and are expected back to their bases by March 7.
Eurozone Jan PPI fell -0.3% m/m and -1.4% y/y, more than expectations of -0.1% m/m and -1.3% y/y, with the -1.4% y/y drop the biggest annual decline in 4-years.
UK Feb PMI construction fell -2.0 to 62.6, a bigger decline than expectations of -1.4 to 63.2.
Japan Jan labor cash earnings unexpectedly fell -0.2% y/y, weaker than expectations of +0.3% y/y and the first decline in 3-months, while Dec was revised lower to +0.5% y/y from the originally reported +0.8% y/y.

U.S. STOCK PREVIEW

The main focus today will be on the situation in the Ukraine. There are 3 of the Russell 1000 companies that report earnins today: AutoZone (consensus $5.56), Veeva Systems (0.06), and Tech Data (1.93). Equity conferences this week include: JMP Securities Technology Research Conference on Mon-Tue, Morgan Stanley Technology, Media & Telecom Conference on Mon-Thu, Citi Global Property CEO Conference on Mon-Wed, Cowen & Co. Healthcare Conference on Mon-Wed, Raymond James Institutional Investor Conference on Mon-Wed, Credit Suisse Healthcare Conference on Tue, IHS Energy CERAWeek Conference on Tue, UBS Natural Gas Electric Power and MLP Conference, Morgan Stanley European Medtech & Services Conference on Tue-Wed, Canadian Energy Research Institure (CERI) National Gas Conference on Tue, Pacific Crest Emerging Tech Summit conference on Wed, ISI Enterprise Infrastructure Conference on Wed, Mitsubishi Seattle Consumer Conference on Wed, Seattle Consumer Conference on Wed, Bank of America Merrill Lynch Refining Conference on Thu, and Jefferies Industrial Leaders Day on Thu.

OVERNIGHT U.S. STOCK MOVERS

AutoZone (AZO +0.52%) reported Q2 EPS of $5.63, higher than consensus of $5.56.
Intuitive Surgical (ISRG +2.03%) was downgraded to 'Hold' from 'Buy' at Cantor due to valuation.
Lennar (LEN -0.09%) was downgraded to 'Hold' from 'Buy' at KeyBanc due to valuation.
Magna (MGA +5.08%) was upgraded to 'Neutral' from 'Underweight' at JPMorgan.
Abercrombie & Fitch (ANF -0.91%) was upgraded to 'Outperform' from 'Neutral' at Credit Suisse.
Reuters reported that JPMorgan Chase (JPM -1.07%) will pay $400 million to settle lawsuits from bond insurer Syncora Guarantee.
Brookdale Senior Living reported an approximately 12.1% stake in Emeritus (ESC +0.70%) .
Starwood Hotels (HOT -2.11%) was downgraded to 'Neutral' from 'Buy' at Goldman.
William Chang reported a 17.3% stake and Eric Semler reported a 12.1% stake in Selmer Scientific (SMLR -2.73%) .
Hilton (HLT +0.58%) was upgraded to 'Buy' from 'Neutral' at Goldman.
J.C. Penney (JCP +9.34%) rose 2% in after-hours trading after Standard & Poor's Ratings Services revised its outlook on JCP to stable from negative.
Wells Fargo kept an 'Outperform' rating on Allergan (AGN -0.54%) and raised its price target on the stock to $139-$140 from $133-$134.
Ascena Retail (ASNA +3.17%) fell 3% in after-hours trading after it reported Q2 adjusted EPS of 23 cents, better than consensus of 20 cents, but then cut its fiscal 2014 EPS view to $1.00-$1.05 from $1.10-$1.15, below consensus of $1.15.
McDermott (MDR -2.64%) plunged 13% in after-hours trading after the company unexpectedly reported a Q4 EPS loss of -$1.37, well below consensus for a 15 cent profit.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 +1.14%) this morning are up +19.50 points (+1.06%). The S&P 500 on Monday closed lower on carry-over weakness from a plunge in global stocks on concern the action by Russia’s military to seize control of Ukraine’s Crimea region may escalate into a wider conflict. Positive U.S. economic data limited declines after the Feb ISM manufacturing index rose +1.9 to 53.2, stronger than expectations of +0.7 to 52.0, and Jan construction spending unexpectedly rose +0.1% m/m, stronger than expectations of -0.5% m/m. Closes: S&P 500 -0.74%, Dow Jones -0.94%, Nasdaq 100 -0.75%.
Jun 10-year T-notes (ZNM14 -0.36%) this morning are down -16 ticks. Jun 10-year T-note futures prices on Monday closed higher and the yield on the 10-year T-note fell to a 1-month low of 2.589% on increased safe-haven demand after global stocks slumped on the Russian military’s invasion of Crimea. T-note prices fell back from their best levels after U.S. Jan personal spending and the Feb ISM manufacturing index rose more than expected. Closes: TYM4 +14.50, FVM4 +7.00.
The dollar index (DXY00 -0.10%) this morning is down -0.083 (-0.10%). EUR/USD (^EURUSD) is up +0.0026 (+0.19%). USD/JPY (^USDJPY) is up +0.43 (+0.42%). The dollar index on Monday closed higher as the ongoing Ukraine crisis fueled a global stock market sell-off that boosted the safe-haven demand for the dollar and the yen. USD/JPY fell to a 3-1/2 week low as the yen strengthened on safe-haven demand. Increased geopolitical risks in North Korea also boosted the dollar after North Korea’s military fired 2 short-range missiles off of its east coast. Closes: Dollar index +0.386 (+0.48%), EUR/USD -0.0067 (-0.49%), USD/JPY -0.298 (-0.29%).
Apr WTI crude oil (CLJ14 -1.33%) this morning is down -$1,53 a barrel (-1.46%) and Apr gasoline (RBJ14 -1.33%) is down -0.0441 (-1.46%). Apr crude and gasoline prices Monday closed higher with Apr crude at a 5-1/2 month high. Supportive factors included (1) increased geopolitical tensions after Russian troops seized control of Ukraine’s Crimea region and (2) stronger-than-expected U.S. economic data on Feb ISM manufacturing activity and Jan construction spending, which were supportive indicators for energy demand. Closes: CLJ4 +2.33 (+2.27%), RBJ4 +0.0429 (+1.44%).

GLOBAL EVENT CALENDAR03/04/2014

US	1000 ET	Former Bank of Israel governor Stanley Fischer appears before the Senate Banking Committee in his confirmation hearings on his nomination as Fed Vice Chair.
	1000 ET	Mar IBD/TIPP economic optimism expected +0.1 to 45.0, Feb 44.9
	1615 ET	Richmond Fed President Jeffrey Lacker speaks on the economy at the Council for Economic Educations economic summit in New York.
UK	0430 ET	UK Feb PMI construction expected -1.4 to 63.2, Jan 64.6
	1901 ET	UK Feb BRC shop price index expected -1.1%, Jan -1.0% y/y.
EUR	0500 ET	Eurozone Jan PPI expected -0.1% m/m and -1.3% y/y, Dec +0.2% m/m and -0.8% y/y.

U.S. STOCK CALENDAR03/04/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
AutoZone Inc	AZO US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	5.556
MBIA Inc	MBI US	8:00	Q4 2013 Earnings Call	Q4 2013
St Joe Co/The	JOE US	8:00	Extraordinary Shareholders Meeting
SandRidge Energy Inc	SD US	8:00	Analyst Meeting	Y 2014
Anadarko Petroleum Corp	APC US	8:30	Investor Conference
Leucadia National Corp	LUK US	9:00	Business Update Call
FLIR Systems Inc	FLIR US	9:00	Analyst and Investor Day	Y 2014
TransDigm Group Inc	TDG US	9:00	Annual General Meeting	Y 2014
Xylem Inc/NY	XYL US	9:00	Executive Update Call
AutoZone Inc	AZO US	10:00	Q2 2014 Earnings Call	Q2 2014
QUALCOMM Inc	QCOM US	12:30	Annual General Meeting	Y 2014
Vectren Corp	VVC US	12:30	Financial Community Meeting	Y 2014
Applied Materials Inc	AMAT US	14:00	Annual General Meeting	Y 2013
Caterpillar Inc	CAT US	16:00	Analyst Meeting	Y 2014
Veeva Systems Inc	VEEV US	16:30	Q4 2014 Earnings Call	Q4 2014
Veeva Systems Inc	VEEV US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.059
Joy Global Inc	JOY US		Annual General Meeting
Hologic Inc	HOLX US		Annual General Meeting
AutoNation Inc	AN US		February 2014 Sales and Revenue Release	2014
Tech Data Corp	TECD US	23:59	Q4 2014 Earnings Release	Q4 2014	1.933

BARCHART MORNING CALL 2/7

BARCHART MORNING CALL

Friday, February 7th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 +0.40%) this morning are up +0.25% ahead of this morning's U.S. Jan payrolls data and European stocks are up +0.14% as emerging-market stocks and currencies advanced. Asian stocks closed higher: Japan +2.17%, Hong Kong +1.00%, China +0.46%, Taiwan +0.92%, Australia +0.68%, Singapore +0.83%, South Korea +0.78%, India +0.32%. Commodity prices are mixed. Mar crude oil (CLH14 -0.19%) is down -0.40%. Mar gasoline (RBH14 +0.17%) is down -0.06%. Apr gold (GCJ14 +0.37%) is up +0.30%. March copper (HGH14 +0.50%) is up +0.54% at a 1-week high after LME copper inventories fell -1,225 MT to a 13-1/4 month low. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.09%) is up +0.08%. EUR/USD (^EURUSD) is down -0.15% after Germany's Federal Constitution Court sought advice on whether the ECB's OMT bond-buying program is legal. USD/JPY (^USDJPY) is up +0.04%. March T-note prices (ZNH14 -0.10%) are down -2 ticks.
Germany's Federal Constitution Court has asked the European Court of Justice to rule on a claim that the ECB overstepped its powers in establishing the Outright Monetary Transactions (OMT) bond buying program in Sep 2012. The still-unused program that's credited with easing the Eurozone debt crisis, allows the ECB to buy government bonds of indebted nations.
German Dec industrial production unexpectedly fell -0.6% m/m, weaker than expectations of +0.3% m/m, and on an annual basis rose +2.6% y/y, a slower pace than expectations of +3.5% y/y.
The German Dec trade balance shrank to a +14.2 billion euro surplus, smaller than expectations of a +17.3 billion euro surplus. Dec exports unexpectedly fell -0.9% m/m, weaker than expectations of +0.8% m/m and the biggest decline in 7-months. Dec imports unexpectedly fell -0.6% m/m, weaker than expectations of +0.9% m/m.
UK Dec industrial production rose +0.4% m/m and +1.8% y/y, weaker than expectations of +0.6 m/m and +2.3% y/y. Dec manufacturing production climbed +0.3% m/m and +1.5% y/y, a smaller increase than expectations of +0.6% m/m and +2.3% y/y.
The Japan Dec leading index CI rose +1.1 to 112.1, a bigger increase than expectations of +0.8 to 111.9 and the highest since data began in 2008. The Dec coincident index rose +1.0 to 111.7, better than expectations of +0.8 to 111.5 and the highest in 5-1/2 years.

U.S. STOCK PREVIEW

Today’s Jan payroll report is expected to show an increase of +182,000, returning to more reasonable figures after the very disappointing report of +74,000 seen in December.   Today’s Jan unemployment rate is expected to be unchanged at 6.7%, sustaining the -0.3 point drop seen in December to the 5-year low of 6.7%.  There are 5 of the S&P 500 companies that report earnings today:  Lab Corp of America ($1.66), Wyndham (0.73), Cigna (1.49), Moody's (0.76), and FLIR Systems (0.37).  Equity conferences during the remainder of this week include India Auto Expo 2014 on Fri.

OVERNIGHT U.S. STOCK MOVERS

Moody's (MCO +2.98%) reported Q4 EPS of 85 cents, higher than consensus of 76 cents.
Towers Watson (TW -8.25%) was upgraded to 'Overweight' from 'Neutral' at JPMorgan.
Cigna (CI +0.35%) reported Q4 EPS of $1.39, below consensus of $1.49.
AOL (AOL -0.88%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill.
Fitch Ratings said it has downgraded the long-term ratings of McKesson (MCK +2.24%) , including the long-term Issuer Default Rating, to 'BBB+' from 'A-'
WellCare (WCG -0.40%) signed a contract to provide medicaid services to Medicaid recipients in eight Florida regions as part of the state's Managed Medical Assistance program.
Illinois Tool Works (ITW +0.68%) announced that it will sell its Industrial Packaging Segment to The Carlyle Group (CG +4.81%) for $3.2 billion.
Republic Services (RSG +1.01%) reported Q4 adjusted EPS of 53 cents, better than consensus of 46 cents.
ON Semiconductor (ONNN +2.59%) reported Q4 EPS of 17 cents, better than consensus of 14 cents.
News Corp. (NWSA +2.63%) rose 2% in European trading ater it reported Q2 adjusted EPS of 31 cents, well ahead of consensus of 20 cents.
Activision Blizzard (ATVI +1.66%) climbed 8% in after-hours trading after it reported Q4 adjusted EPS of 79 cents, stronger than consensus of 73 cents.
LinkedIn (LNKD +4.24%) slid over 8% in after-hours trading after it reported Q4 adjusted EPS of 39 cents, higher than consensus of 38 cents, but then lowered guidance on its fiscal 2014 revenue estimate to $2.02 billion-$2.05 billion, below consensus of $2.16 billion.
Expedia (EXPE +1.89%) jumped 13% in after-hours trading after it reported Q4 EPS of 92 cents, better than consensus of 86 cents.
Lionsgate (LGF +3.42%) reported Q3 adjusted EPS of 70 cents, well above consensus of 44 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 +0.40%) this morning are up +4.50 points (+0.25%). The S&P 500 on Thursday closed higher on reduced labor market concerns after U.S. weekly initial unemployment claims fell -20,000 to 331,000, a bigger decline than expectations of -13,000 to 335,000. Stocks also found support on strong Q4 company earnings results as 77% of the S&P 500 companies that have reported earnings thus far have beaten market estimates. A negative for stocks was the wider-than-expected -$38.7 billion U.S. Dec trade deficit, which should cause a downward revision to Q4 GDP. Closes: S&P 500 +1.24%, Dow Jones +1.22%, Nasdaq 100 +1.24%.
Mar 10-year T-notes (ZNH14 -0.10%) this morning are down -2 ticks. Mar 10-year T-note futures prices on Thursday closed lower after U.S. weekly unemployment claims fell more than expected. T-note prices were also undercut by a slide in German bund prices after ECB President Draghi signaled the ECB will wait until next month to decide if they should implement any additional stimulus measures. Closes: TYH4 -8.50, FVH4 -3.50.
The dollar index (DXY00 +0.09%) this morning is up +0.068 (+0.08%). EUR/USD (^EURUSD) is down -0.0020 (-0.15%). USD/JPY (^USDJPY) is up +0.04 (+0.04%). The dollar index on Thursday closed lower after a rally in stocks curbed safe-haven demand for the dollar. EUR/USD received a boost after the ECB refrained from additional stimulus measures following its policy meeting as ECB President Draghi said the ECB will wait until next month before deciding if additional stimulus is needed. Closes: Dollar index -0.130 (-0.16%), EUR/USD +0.0056 (+0.41%), USD/JPY +0.662 (+0.65%).
Mar WTI crude oil (CLH14 -0.19%) this morning is down -39 cents (-0.40%) and Mar gasoline (RBH14 +0.17%) is down -0.0017 (-0.06%). Mar crude oil and gasoline prices on Thursday closed higher with Mar crude at a 1-month high. Bullish factors included (1) the weaker dollar, (2) the larger-than-expected decline in U.S. weekly jobless claims, a sign of economic strength, and (3) the current cold snap to grip the northern half of the U.S., which should boost demand for heating fuels and further reduce distillate inventories. Closes: CLH4 +0.46 (+0.47%), RBH4 +0.0417 (+1.58%).

GLOBAL EVENT CALENDAR02/07/2014

US	0830 ET	U.S. Department of Labor releases annual revisions to labor statistics from March 2013.
	0830 ET	Jan non-farm payrolls expected +180,000, Dec +74,000. Jan private payrolls expected +188,000, Dec +87,000. Jan manufacturing payrolls expected +10,000, Dec +9,000. Jan unemployment rate expected unch at 6.7%, Dec -0.3 to 6.7%.
	0830 ET	Jan avg hourly earnings expected +0.2% m/m and +1.8% y/y, Dec +0.1% m/m and +1.8% y/y. Jan avg weekly hours expected unch at 34.4 hours, Dec 34.4 hours.
	1500 ET	Dec consumer credit expected +$12.0 billion, Nov +$12.318 billion.
JPN	0000 ET	Japan Dec leading index CI expected +0.8 to 111.9, Nov 111.1. Dec coincident index expected +0.8 to 111.5, Nov 110.7.
GER	0200 ET	German Dec trade balance expected +17.3 billion euros, Nov +18.1 billion euros. Dec exports expected +0.8% m/m, Nov +0.3% m/m. Dec imports expected +0.9% m/m, Nov -2.3% m/m.
	0200 ET	German Dec current account balance expected +21.5 billion euros, Nov +21.6 billion euros.
	0600 ET	German Dec industrial production expected +0.3% m/m and +3.5% y/y, Nov +1.9% m/m and +3.5% y/y.
UK	0430 ET	UK Dec industrial production expected +0.6% m/m and +2.3% y/y, Nov unch m/m and +2.5% y/y.
	0430 ET	UK Dec manufacturing production expected +0.6% m/m and +2.3% y/y, Nov unch m/m and +2.8% y/y.

U.S. STOCK CALENDAR02/07/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Laboratory Corp of America Holdings	LH US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.66
Wyndham Worldwide Corp	WYN US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.728
Cigna Corp	CI US	6:30	Q4 2013 Earnings Release	Q4 2013	1.485
Moody's Corp	MCO US	7:00	Q4 2013 Earnings Release	Q4 2013	0.763
FLIR Systems Inc	FLIR US	7:30	Q4 2013 Earnings Release	Q4 2013	0.371
St Jude Medical Inc	STJ US	8:00	Investor Meeting	Y 2014
Cigna Corp	CI US	8:30	Q4 2013 Earnings Call	Q4 2013
Wyndham Worldwide Corp	WYN US	8:30	Q4 2013 Earnings Call	Q4 2013
Micron Technology Inc	MU US	9:00	Analyst Conference	Y 2014
Laboratory Corp of America Holdings	LH US	9:00	Q4 2013 Earnings Call	Q4 2013
FMC Technologies Inc	FTI US	9:00	Q4 2013 Earnings Call	Q4 2013
Corning Inc	GLW US	9:30	Investor Meeting	Y 2014
FLIR Systems Inc	FLIR US	11:00	Q4 2013 Earnings Call	Q4 2013
Moody's Corp	MCO US	11:30	Q4 2013 Earnings Call	Q4 2013
Apartment Investment & Management Co	AIV US	13:00	Q4 2013 Earnings Call	Q4 2013
Time Warner Inc	TWX US		U.S. Box Office Release of Movie The Lego Movie""

5 Large Cap Winners

Today I used Barchart to sort the  S&P 500 Large Cap Index to find the stocks that have increased the most in the last 3 months.  The list includes Flir Systems (FLIR) 29.27%,  Harmon International Industries (HAR) 28.61%, Goodyear Tire and Rubber (GT) 26.72%, Tyson Foods (TSN) 26.25% and E-Trade Financial (ETFC) 26.11%:

Flir Systems (FLIR)

Barchart technical indicators:

• 16% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 50 and 100 daily average but below its 20 DMA
• 17 new highs and up 29.27% in the last 3 months
• Relative Strength Index 58.39%
• Barchart computes a technical support level at 31.63
• Recently traded at 32.18 with a 50 day moving average of 29.12

Harman International Industries (HAR)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 20 new highs and up 28.61% in the last 3 months
• Relative Strength Index 66.53%
• Barchart computes a technical support level at 66.38
• Recently traded at 66.99 with a 50 day moving average of 57.04

Goodyear Tire and Rubber (GT)

Barchart technical indicators:

• 72% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 26.72% in the last 3 months
• Relative Strength Index 60.51%
• Barchart computes a technical support level at 18.33
• Recently traded at 18.60 with a 50 day moving average of 16.78

Tyson Foods (TSN)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 26 new highs and up 26.25% in the last 3 months
• Relative Strength Index 80.23%
• Barchart computes a technical support level at 31.21
• Recently traded at 31.53 with a 50 day moving average of 27.45

E-Trade Financial (ETFC)

Barchart technical indicators:

• 16% Barchart technical buy signals
• Trend Spotter hold signal
• Above its 50 and 100 day moving averages but below its 20 DMA
• 23 new highs and up 26.11% in the last  3 month
• Relative Strength Index 57.61%
• Barchatrt computes a technical support level at 14.23
• Recently traded at 14.56 with a 50 day moving average of 13.46

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