5 Mid Cap Gems

I wanted to find the 5 best Mid Cap stocks so I used Barchart to sort the S&P 400 Mid Cap Index stocks for the best technical buy signals, then used the Flipchart feature to review the charts.

The list included Fairchild Semiconductor International (FCS), Owens & Minor (OMI), Lancaster Colony (LANC), Jack Henry & Associates (JKHY) and Ingram Micro (IM).


Fairchild Semiconductor International (FCS)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 17.89% in the last month
• Relative Strength Index 73.47%
• Barchart computes a technical support level at 17.31
• Recently traded at 19.42 with a 50 day moving average of 15.09

Owens & Minor (OMI)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 10.03% in the last month
• Relative Strength Index 75.01%
• Barchart computes a technical support level at 37.36
• Recently traded at 37.88 with a 50 day moving average of 34.89

Lancaster Colony (LANC)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and  day moving averages
• 10 new highs and up 11.95% in the last month
• Relative Strength Index 63.29%
• Barchart computes a technical support level at 111.42
• Recently traded at 112.97 with a 50 day moving average of 103.81

Jack Henry & Associates (JKHY)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 7.71% in the last month
• Relative Strength Index 66.41%
• Barchart computes a technical support level at 77.59
• Recently traded at 78.07 with a 50 day moving average of 73.65

Ingram Micro (IM)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 7.71% in the last month
• Relative Strength Index 63.59%
• Barchart computes a technical support level at 30.01
• Recently traded at 30.80 with a 50 day moving average of 28.77

The 5 Best Growth Stocks

Each week Value Line publishes a list of stocks that have hit certain growth targets not only for the last 10 years but are expected to maintain those rates for the next 5 years as well.  I took the list and ran it through Barchart to find the stocks that had the highest technical buy signals as well as a 50-00 Day MACD Oscillator buy signal.

The highest ranking stocks were TJX Companies (TJX), Tesoro Petroleum (TSO), Southwest Airlines (LUV), Jack Henry & Associates (JKHY) and Juniper Networks (JNPR).

TJX Companies (TJX)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 4.47% in the last month
• Relative Strength Index 61.10%
• Barchart computes a technical support level at 71.46
• Recently traded at 74.51 with a 50 day moving average of 71.69

Tesoro Petroleum (TSO)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 9.69% in the last month
• Relative Strength Index 67.02%
• Barchart computes a technical support level at 105.20
• Recently traded at 110.84 with a 50 day moving average of 99.01

Southwest Airlines (LUV)

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 21.42% in the last month
• Relative Strength Index 77.36%
• Barchart computes a technical support leve at 46.11
• Recently traded at 44.61 with a 50 day moving average of 40.00

Jack Henry & Associates (JKHY)

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 8.90% in the last month
• Relative Strength Index 67.75%
• Barchart computes a technical support level at 76.12
• Recently traded at 77.18 with a 50 day moving average of 71.33

Juniper Networks (JNPR)

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 17.67% in the last month
• Relative Strength Index 70.81
• Barchart computes a technical support level at 31.02
• Recently traded at 31.94 with a 50 day moving average of 27.61

BARCHART MORNING CALL 8/26

BARCHART MORNING CALL

Wednesday, August 26th, 2015View Older Reports

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

E-mail:  

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

OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU15 +1.87%) are up +1,76% on increased M&A activity after Schlumberger Ltd. agreed to buy Cameron for $14.8 billion. Strength in technology stocks is another positive with Google up over 3% in pre-market trading after Goldman Sachs upgraded the stock to 'Conviction Buy.' European stocks are down -1.00% as they followed Chinese stocks lower after China's Shanghai Composite erased a gain of almost 4% to close down over 1%. Miners and energy producers are leading losses in European stocks with the price of copper (HGU15 -2.62%) down -2.70% and with Transocean Ltd. down 10% in pre-market trading after the company said it may quit paying a dividend. Asian stocks closed mixed: Japan +3.20%, Hong Kong -1.52%, China -1.27%, Taiwan +0.52%, Australia +0.69%, Singapore -0.46%, South Korea +2.08%, India -1.22%. China's Shanghai Composite erased an early rally and closed down at an 8-1/4 month low despite Tuesday's action by the PBOC to cut interest rates. The Chinese government has halted intervention in the equity market this week which has prompted liquidation of stocks from margin traders. China's margin debt has plunged by 1 trillion yuan ($156 billion) to 1.25 trillion yuan on Monday from a record high 2.27 trillion yuan on Jun 18. Japan's Nikkei Stock Index recovered from a 6-1/4 month low and closed higher on bargain hunting and increased M&A activity after Nippon Life Insurance agreed to buy Mitsui Life Insurance for 400 billion yen ($2.5 billion).

The dollar index (DXY00 +0.07%) is up +0.02%. EUR/USD (^EURUSD) is down -0.82% after comments from ECB Executive Board member Praet signal the ECB may boost its stimulus measures when he said the downside risks to the ECB's inflation goal have increased. USD/JPY (^USDJPY) is up +0.63%.

Sep T-note prices (ZNU15 +0.18%) are up +9 ticks.

ECB Executive Board member Praet said that "recent developments in the world economy and commodity markets have increased the downside risk of achieving the sustainable inflation path towards 2.0%" and there should be "no doubt that the ECB will act if needed."

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +3.6% with purchase sub-index -1.1% and refi sub-index +7.2%), (2) July durable goods orders (expected -0.4% and +0.4% ex-transportation, Jun +3.4% and +0.6% ex transportation), (3) New York Fed President William Dudley's responds to questions after a press briefing on the local and regional economy, (4) the Treasury's auction of $35 billion of 5-year T-notes and $13 billion of 2-year floating rate notes.

There are 5 of the Russell 1000 companies that report earnings today: Brown-Forman (consensus $0.75), Williams-Sonoma (0.58), PVH (1.29), Avago Technologies (2.14), Workday (-0.06).

U.S. IPO's scheduled to price today include: none.

Equity conferences during the remainder of this week include: 9th Annual South East Asia Australia Offshore & Onshore Conference on Tue-Wed, 9th Annual Mining the Territory Conference on Wed, Pareto Healthcare Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

Amazon.com (AMZN +0.65%) was upgraded to 'Buy' from 'Hold' at Evercore ISI.

Best Buy (BBY +12.57%) was upgraded to 'Strong Buy' from 'Market Perform' at Raymond James.

Express (EXPR +1.14%) reported Q2 EPS of 25 cents, higher than consensus of 16 cents.

BHP Billiton (BHP +2.30%) was upgraded to 'Sector Perform' from 'Underperform' at RBC Capital.

Healthcare Trust (HTA -3.40%) and Healthcare Realty Trust (HR -2.56%) were both upgraded to 'Buy' from 'Hold' at Stifel.

Cooper Companies (COO -0.33%) were upgraded to 'Overweight' from 'Sector Weight' at KeyBanc.

Schlumberger (SLB -1.83%) agreed to acquire Cameron (CAM -0.96%) in deal valued at $14.8 billion.

Google (GOOG -1.28%) rose over 3% in pre-market trading after Goldman Sachs upgraded the stock to 'Conviction Buy' from 'Neutral.'

Transocean (RIG -0.49%) fell over 5% in pre-market trading after it announced that the company will convene an extraordinary general meeting of shareholders on October 29 to discuss the possible cancellation of the Q3 and Q4 installments of its annual dividend.

Oshkosh Defense (OSK +1.53%) jumped over 10% in after-hours trading after it said it was awarded a $6.7 billion contract with the U.S. Army to manufacture 17,000 Joint Light Tactical Vehicles.

Jack Henry (JKHY -0.11%) reported Q4 EPS of 75 cents, higher than consensus of 67 cents.

Dycom (DY +1.57%) reported Q4 non-GAAP EPS of 97 cents, well above consensus of 83 cents.

NextEra Energy Partners (NEP -7.28%) was initiated with an 'Outperform' at Baird with a price target of $43.

Solera (SLH +1.09%) reported Q4 adjusted EPS of 81 cents, better than consensus of 80 cents.

CBRE Group (CBG -2.77%) was initiated with a 'Buy' at Sterne Agee CRT wit a price target of $42.

MARKET COMMENTS

Sep E-mini S&Ps (ESU15 +1.87%) this morning are up +33.00 points (+1.76%). Tuesday's closes: S&P 500 -1.35%, Dow Jones -1.29%, Nasdaq -0.55%. The S&P 500 rallied sharply early Tuesday but erased the advance and closed lower. Stocks fell on concern that the slowdown in China may be worse than expected and that even Tuesday's Chinese rate cut will not be enough to spur growth. Stocks rallied early Tuesday on China's fifth rate cut in nine months and on the +10.5 point jump in the U.S. Aug consumer confidence (Conference Board) to 101.5, stronger than expectations of +3.5 to 93.4 and the highest in 7 months.

Sep 10-year T-notes (ZNU15 +0.18%) this morning are up +9 ticks. Tuesday's closes: TYU5 -1-4.5/32, FVU5 -17.25. Sep T-notes on Tuesday closed sharply lower on (1) reduced safe-haven demand for T-notes as global stock markets rallied sharply on the Chinese rate cut, and (2) the large-than-expected increase in U.S. Aug consumer confidence to a 7-month high.

The dollar index (DXY00 +0.07%) this morning is up +0.020 (+0.02%). EUR/USD (^EURUSD) is down -0.0094 (-0.82%). USD/JPY (^USDJPY) is up +0.75 (+0.63%). Tuesday's closes: Dollar Index +1.198 (+1.286%), EUR/USD -0.01019 (-1.02%), USD/JPY +0.432 (+0.36%). The dollar index on Tuesday closed higher on reduced safe-haven demand for the yen as USD/JPY and global stock markets rallied sharply after China cut interest rates. EURUSD saw weakness on speculation the ECB may expand stimulus measures after ECB Vice President Constancio said medium-term inflation risks in the Eurozone are "very low" and the ECB may respond to any material change to the outlook for price stability.

Oct crude oil (CLV15 +0.46%) this morning is up +13 cents (+0.33%) and Oct gasoline (RBV15 -1.93%) is down -0.0295 (-2.28%). Tuesday's closes: CLV5 +1.07 (+2.80%), RBV5 -0.0103 (-0.79%). Oct crude and gasoline on Tuesday settled mixed. Crude oil prices received a boost from the Chinese rate cut, which may help revive China's economic growth and energy demand, and from the larger-than-expected jump in U.S. Aug consumer confidence to a 7-month high. Negative factors included a stronger dollar, weakness in gasoline after BP restarted its 235,000 bpd refinery in Whiting, IN, and expectations that Wednesday's EIA crude inventories report will show an increase of +2.0 million bbl.

GLOBAL EVENT CALENDAR08/26/2015

US	0700 ET	Weekly MBA mortgage applications, previous +3.6% with purchase sub-index -1.1% and refi sub-index +7.2%.
	0830 ET	Jul durable goods orders expected -0.4% and +0.4% ex-transportation, Jun +3.4% and +0.6% ex transportation. Jul capital goods new orders non-defense ex-aircraft & parts expected +0.3%, Jun +0.7%.
	1000 ET	New York Fed President William Dudley answers questions after a press briefing on the local and regional economy.
	1030 ET	EIA Weekly Petroleum Status Report.
	1130 ET	Treasury auctions $13 billion of 2-year floating rate notes.
	1300 ET	Treasury auctions $35 billion of 5-year T-notes.
UK	0600 ET	UK Aug CBI reported sales expected -3 to 18, Jul 21.

U.S. STOCK CALENDAR08/26/2015

Company	Ticker	Time	Event Description	Period	Estimate
Brown-Forman Corp	BF/B US	8:00	Q1 2016 Earnings Release	Q1 2016	0.746
Jack Henry & Associates Inc	JKHY US	8:45	Q4 2015 Earnings Call	Q4 2015
Brown-Forman Corp	BF/B US	10:00	Q1 2016 Earnings Call	Q1 2016
Williams-Sonoma Inc	WSM US	17:00	Q2 2016 Earnings Call	Q2 2016
Avago Technologies Ltd	AVGO US	17:00	Q3 2015 Earnings Call	Q3 2015
Workday Inc	WDAY US	17:00	Q2 2016 Earnings Call	Q2 2016
PVH Corp	PVH US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.288
Williams-Sonoma Inc	WSM US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.578
Avago Technologies Ltd	AVGO US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	2.138
Workday Inc	WDAY US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	-0.056
Equifax Inc	EFX US		Investor Meeting - Denver	Y 2015
Xcel Energy Inc	XEL US		Analyst/Investor Meeting	Y 2015
Under Armour Inc	UA US		Extraordinary Shareholders Meeting	Y 2015

BARCHART MORNING CALL 8/25

BARCHART MORNINING CALL

Tuesday, August 25th, 2015View Older Reports

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

E-mail:

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

OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU15 +3.65%) are up +3.50% and European stocks are up +4.75% as they shed overnight losses and rallied sharply after the PBOC cut its interest rate and reserve requirement ratios. Stocks also rose after analysts at JPMorgan Chase said a deep correction in the U.S. stock market is unlikely and it is time to start buying the dip after the recent market rout. Commodity prices and emerging-market currencies also rallied sharply after the PBOC cut interest rates. European stocks received a boost after German Aug IFO business confidence unexpectedly rose. Asian stocks closed mixed: Japan -3.96%, Hong Kong +0.72%, China -7.63%, Taiwan +3.58%, Australia +2.72%, Singapore +1.51%, South Korea +0.70%, India +1.13%. China's Shanghai Composite fell to an 8-month low and Japan's Nikkei Stock Index dropped to a 6-1/2 month low. The Asian markets were closed by the time China lowered interest rates so they have yet to react to the PBOC's actions.
The dollar index (DXY00 +0.77%) is up +0.85%. EUR/USD (^EURUSD) is down -0.97% after ECB Vice President Constancio said that medium-term inflation risks in the Eurozone are "very low" and the ECB may respond to any material change to the outlook for price stability. USD/JPY (^USDJPY) is up +1.40%.
Sep T-note prices (ZNU15 -0.52%) are down -20.5 ticks as the sharp rally in stocks curbs the safe-haven demand for government debt.
The PBOC lowered the 1-year lending rate by 25 bp to 4.6% effective Wednesday and cut the 1-year deposit rate by 25 bp to 1.75%. The PBOC also lowered banks' reserve requirement ratios by 50 bp to 18.00% in an attempt to boost bank lending. This is the fifth time in the last nine months the PBOC has cut its benchmark lending rate.
ECB Vice President Constancio said that medium-term inflation risks in the Eurozone are "very low" and "as always, the ECB Governing Council stands ready to use all instruments available within its mandate to respond to any material change to the outlook for price stability."
The German Aug IFO business climate unexpectedly rose +0.3 to 108.0, better than expectations of -0.4 to 107.6.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) June FHFA house price index (expected +0.4% m/m, May +0.4% m/m), (2) Jun S&P CaseShiller composite-20 home price index (expected +0.10% m/m and +5.10% y/y, May -0.18% m/m and +4.94% y/y), (3) Aug Markit services PMI (expected -0.6 to 55.1, Jul +0.9 to 55.7), (4) July new home sales (expected +5.8% to 510,000, Jun -6.8% to 482,000), (5) Aug U.S. consumer confidence from the Conference Board (expected +2.5 to 93.4, Jul -8.9 to 90.9), (6) Aug Richmond Fed manufacturing index (expected -3 to 10, Jul +7 to 13), (7) U.S. Congressional Budget Office's release of its budget and economic outlook, and (8) the Treasury's auction of $26 billion of 2-year T-notes.
There are 7 of the Russell 1000 companies that report earnings today: Best Buy (consensus $0.34), Toll Brothers (0.50), DSW (0.42), Valspar (1.26), Jack Henry (0.67), Solera Holdings (0.80), Lumentum Holdings (0.20).
U.S. IPO's scheduled to price today include: none.
Equity conferences during the remainder of this week include: 9th Annual South East Asia Australia Offshore & Onshore Conference on Tue-Wed, 9th Annual Mining the Territory Conference on Wed, Pareto Healthcare Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

Best Buy (BBY -3.02%) reported Q2 EPS of 49 cents, better than consensus of 34 cents.
Apple (AAPL -2.50%) was upgraded to 'Outperform' from 'Market Perform' at Wells Fargo.
JPMorgan Chase (JPM -5.27%) was upgraded to 'Buy' from 'Outperform' at CLSA.
Sherwin-Williams (SHW -2.69%) was upgraded to 'Buy' from 'Neutral' at Sterne Agee CRT.
Macy's (M -3.50%) was upgraded to 'Hold' from 'Sell' at Deutsche Bank.
Adobe (ADBE -5.83%) was upgraded to 'Outperform' from 'Neutral' at Baird.
American Eagle (AEO -1.07%) was upgraded to 'Outperform' from 'Market Perform' at FBR Capital.
Bank of America (BAC -5.03%) was upgraded to 'Outperform' from 'Market Perform' at Bernstein.
SunEdison (SUNE +0.09%) was downgraded to 'Neutral' from 'Buy' at UBS.
Toll Brothers (TOL -4.73%) reported Q3 EPS of 36 cents, weaker than consensus of 49 cents.
KLX Inc. (KLX) reported Q2 adjusted EPS of 62 cents, higher than consensus of 58 cents.
Raven Energy Holdings reported a 10.4% passive stake in SunCoke Energy Partners (SXCP -6.80%) .
Ilex Partners reported a 5.0% passive stake in Genie Energy (GNE -2.54%) .
Great Point Partners reported a 5.87% passive stake in Adamas Pharmaceuticals (ADMS -5.73%) .
Fortune Brands (FBHS -5.27%) was initiated with a 'Buy' at Cantor with a price target of $58.

MARKET COMMENTS

Sep E-mini S&Ps (ESU15 +3.65%) this morning are up +65.50 points (+3.50%) after China cut interest rates. Monday's closes: S&P 500 -3.94%, Dow Jones -3.57%, Nasdaq -3.78%. The S&P 500 on Monday sold off to a 10-1/4 month low and settled sharply lower on negative carryover from Monday's 8% plunge in China's Shanghai Composite index. Stocks were also hurt by weakness in energy and raw-material producers after crude oil plunged to a 6-1/2 year low and copper sank to a 6-year low, and by panic selling and liquidation of stocks that pushed the VIX volatility index up to nearly a 4-year high. Stocks recovered from their worst levels on bargain hunting with the new 10-1/4 month low in the S&P 500.
Sep 10-year T-notes (ZNU15 -0.52%) this morning are down -20.5 ticks. Monday's closes: TYU5 +17.00, FVU5 +11.50. Sep T-notes rallied on Monday to a 4-1/4 month nearest-futures high on strong safe-haven demand for T-notes after global stock markets plunged, and reduced inflation expectations that may prompt the Fed to delay an interest rate increase after crude oil dropped to a 6-1/2 year low and helped push the 10-year T-note breakeven inflation rate down to a 6-1/3 year low.
The dollar index (DXY00 +0.77%) this morning is up +0.790 (+0.85%). EUR/USD (^EURUSD) is down -0.0113 (-0.97%). USD/JPY (^USDJPY) is up +1.66 (+1.40%). Monday's closes: Dollar Index -1.676 (-1.76%), EUR/USD +0.02338 (+2.05%), USD/JPY -3.59 (-2.94%). The dollar index on Monday sank to a 7-month low and closed sharply lower. The dollar was hurt by the plunge in global equity markets, which fueled speculation the Fed will delay an interest rate increase. USD/JPY slumped to a 7-1/4 month low as the rout in global stocks boosted the safe-haven demand for the yen.
Oct crude oil (CLV15 +2.62%) this morning is up +$1.17 a barrel (+3.06%) and Oct gasoline (RBV15 +1.22%) is up +0.0211 (+1.61%). Monday's closes: CLV5 -2.21 (-5.46%), RBV5 -0.0765 (-5.53%). Oct crude and gasoline on Monday closed sharply lower with Oct crude at a 6-1/2 year low. Crude oil fell on the plunge in world stock markets and the slowdown in the Chinese economy, which will likely curb world energy demand. Crude oil prices also fell on comments from Iran's Oil Minister who said his country will seek to regain oil sales and its crude output "at any cost."

GLOBAL EVENT CALENDAR08/25/2015

US	0900 ET	Jun FHFA house price index expected +0.4% m/m, May +0.4% m/m.
	0900 ET	Jun S&P CaseShiller composite-20 home price index expected +0.10% m/m and +5.10% y/y, May -0.18% m/m and +4.94% y/y.
	0945 ET	Aug Markit services PMI expected -0.6 to 55.1, Jul +0.9 to 55.7. Aug Markit composite PMI, Jul +1.1 to 5
	1000 ET	Jul new home sales expected +5.8% to 510,000, Jun -6.8% to 482,000.
	1000 ET	Aug consumer confidence (Conference Board) expected +2.5 to 93.4, Jul -8.9 to 90.9.
	1000 ET	Aug Richmond Fed manufacturing index expected -3 to 10, Jul +7 to 13.
	1000 ET	U.S. Congressional Budget Office releases budget and economic outlook.
	1300 ET	Treasury auctions $26 billion of 2-year T-notes.
GER	0200 ET	Revised German Q2 GDP, previous +0.4% m/m and +1.6% y/y (nsa).
	0400 ET	German Aug IFO business climate expected -0.4 to 107.6, Jul 108.0. Aug IFO current assessment expected unch at 113.9. Aug IFO expectations expected -0.4 to 102.0, Jul 102.4.
UK	0430 ET	UK Jul index of services, Jun +0.3% m/m and +0.4% 3-mo/3-mo.
EUR	0650 ET	ECB Vice President Vitor Constancio speaks at an event in Mannheim, Germany.
JPN	1950 ET	Japan Jul PPI services expected +0.4% y/y, Jun +0.4% y/y.

U.S. STOCK CALENDAR08/25/2015

Company	Ticker	Time	Event Description	Period	Estimate
Toll Brothers Inc	TOL US	4:49	Q3 2015 Earnings Release	Q3 2015	0.496
Best Buy Co Inc	BBY US	7:00	Q2 2016 Earnings Release	Q2 2016	0.342
DSW Inc	DSW US	7:00	Q2 2016 Earnings Release	Q2 2016	0.423
Valspar Corp/The	VAL US	7:30	Q3 2015 Earnings Release	Q3 2015	1.259
Best Buy Co Inc	BBY US	8:00	Q2 2016 Earnings Call	Q2 2016
DSW Inc	DSW US	8:30	Q2 2016 Earnings Call	Q2 2016
Toll Brothers Inc	TOL US	11:00	Q3 2015 Earnings Call	Q3 2015
Valspar Corp/The	VAL US	11:00	Q3 2015 Earnings Call	Q3 2015
Solera Holdings Inc	SLH US	17:00	Q4 2015 Earnings Call	Q4 2015
Jack Henry & Associates Inc	JKHY US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	0.67
Solera Holdings Inc	SLH US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	0.797
Lumentum Holdings Inc	LITE US		Q4 2015 Earnings Release	Q4 2015	0.195

BARCHART MORNING ALL 8/13

BARCHART MORNING CALL

Wednesday, August 13th, 2014View Older Reports

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

E-mail:

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

OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU14 +0.47%) this morning are up +0.49% on expectations that today's U.S. Jul retail sales will be strong and European stocks are up +1.00% on better-than-expected earnings results from E.ON SE and Swiss Life Holdings AG. Asian stocks closed mostly higher: Japan +0.35%, Hong Kong +0.81%, China +0.08%, Taiwan +0.74%, Australia -0.28%, Singapore -0.06%, South Korea +0.98%, India +0.15%. China's Shanghai Stock Index recovered losses and rose to an 8-month high after weaker-than-expected Chinese economic data on new loans, industrial production and retail sales boosted speculation the government will increase economic stimulus measures. Commodity prices are mixed. Sep crude oil (CLU14 -0.10%) is up +0.04%. Sep gasoline (RBU14 -0.37%) is down -0.29%. Dec gold (GCZ14 -0.10%) is down -0.14%. Sep copper (HGU14 -0.67%) is down -0.59% at a 1-1/2 month low. Agriculture and livestock prices are mixed with Oct cattle down -0.19% at a 2-month low and Oct hogs down -0.64% at a 4-3/4 month low. The dollar index (DXY00 +0.13%) is up +0.16%. EUR/USD (^EURUSD) is down -0.07% after Eurozone Jun industrial production unexpectedly declined for a second month. USD/JPY (^USDJPY) is up +0.20%. GBP/USD slid to a 2-1/4 month low after BOE Governor Carney said that global political risks and weakness in the Eurozone might weigh on Britain's recovery and that the BOE won't raise interest rates too soon or too fast. Sep T-note prices (ZNU14 -0.06%) are down -4 ticks.
China Jul new yuan loans were 385.2 billion yuan, less than half of expectations of 780.0 billion yuan and the smallest increase in 4-1/2 years.
China Jul industrial production rose +9.0% y/y, less than expectations of +9.2% y/y.
China Jul retail sales rose +12.2% y/y, less than expectations of +12.5% y/y.
Eurozone Jun industrial production unexpectedly fell for a second month as it dropped -0.3% m/m, weaker than expectations of +0.4% m/m. On an annual basis, Jun industrial production was unchanged y/y, weaker than expectations of +0.2% y/y.
UK Jul jobless claims fell -33,600, more than expectations of -30,000. The Jul claimant count rate fell -0.1 to 3.0%, right on expectations and the lowest in 5-3/4 years.
The UK Jun ILO unemployment rate fell -0.1 to 6.4% for the 3 months through Jun, right on expectations and the lowest in 5-1/2 years.
UK Jun avg weekly earnings fell -0.2% in the 3 months through Jun, a bigger decline than expectations of -0.1% and the largest decrease in 5 years. Jun weekly earnings ex-bonus rose +0.6% in the 3 months though Jun, less than expectations of +0.7%.
Japan Q2 GDP fell -6.8% q/q annualized, the largest pace of contraction in 3-1/2 years, although less than expectations of -7.0% q/q annualized. The Q2 GDP deflator rose +2.0% y/y, more than expectations of +1.6% y/y and the fastest pace since the data were first complied in 1995.

U.S. STOCK PREVIEW

Today’s July retail sales report is expected to show a moderate increase of +0.2% and +0.4% ex-autos, thus matching June’s report of +0.2% and +0.4% ex-autos. The Treasury today will sell $24 billion of 10-year T-notes. There are 4 of the S&P 500 companies that report earnings today: Deere (consensus $2.20), Macy's (0.86), NetApp (0.57), Cisco Systems (0.53). Equity conferences during the remainder of this week include: Jefferies Global Industrials Conference on Mon-Thu, Oppenheimer Technology, Internet & Communications Conference on Tue-Wed, JP Morgan Auto Conference on Wed, Canaccord Genuity Growth Conference on Wed-Thu, and Barclays Summer Utilities Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Deere & Co. (DE -0.78%) reported Q3 EPS of $2.33, higher than consensus of $2.20, but then said worldwide sales of agriculture and turf equipment are forecast to decrease by about 10% for fiscal-year 2014.
SeaWorld (SEAS +0.32%) reported Q2 EPS of 43 cents, well below consensus of 59 cents.
Southern Company (SO +0.37%) was downgraded to 'Underweight' from 'Equal Weight' at Morgan Stanley.
Demandware (DWRE +1.04%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Ford (F +0.23%) was upgraded to 'Buy' from 'Hold' at Stifel.
CSR (CSRE +0.25%) was downgraded to 'Hold' from 'Buy' at Jefferies.
Fossil (FOSL -0.93%) reported Q2 EPS of 98 cents, better than consensus of 96 cents.
JDSU (JDSU -0.50%) reported Q4 adjusted EPS of 14 cents, higher than consensus of 13 cents.
King Digital (KING +0.17%) plummeted over 20% in after-hours trading after it reported Q2 adjusted EPS of 59 cents, right on consensus, but reported Q2 revenue of $593.5 million, below consensus of $605.67 million.
Cree (CREE -0.99%) slipped 7% in after-hours trading after it reported Q4 EPS of 42 cents, better than consensus of 41 cents, but then lowered guidance on Q1 EPS to 40 cents to 45 cents, below consensus of 46 cents.

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 +0.47%) this morning are up +9.50 points (+0.49%). The S&P 500 index on Tuesday closed lower: S&P 500 -0.16%, Dow Jones -0.06%, Nasdaq -0.13%. The main bearish factor was negative carry-over from a slide in European stocks after the German Aug ZEW survey expectations of economic growth slumped -18.5 to 8.6, a much bigger decline than expectations of -10.1 to 17.0 and the lowest in 20 months. Stock losses were contained on signs of strength in the U.S. labor market after U.S. Labor Department data showed U.S. employers posted 4.67 million job offers in June, up +2.1% m/m and the most monthly job openings in 13-1/2 years.
Sep 10-year T-notes (ZNU14 -0.06%) this morning are down -4 ticks. Sep 10-year T-note futures prices on Tuesday closed lower. Bearish factors included (1) signs of strength in the U.S. labor market after Labor Department data showed U.S. employers posted 4.67 million job offers in June, the most in 13-1/2 years, and (2) slack demand for the Treasury’s $27 billion auction of 3-year T-notes that had a bid-to-cover ratio of 3.03, well below the 12-auction average of 3.34. Closes: TYU4 -3.00, FVU4 +0.50.
The dollar index (DXY00 +0.13%) this morning is up +0.133 (+0.16%). EUR/USD (^EURUSD) is down -0.0009 (-0.07%) and USD/JPY (^USDJPY) is up +0.20 (+0.20%). The dollar index on Tuesday closed higher on bullish factors that included (1) weakness in EUR/USD after the German Aug ZEW investor confidence fell to the lowest in 20 months, and (2) increased safe-haven demand for the dollar as stocks fell. Closes: Dollar index +0.034 (+0.04%), EUR/USD -0.00159 (-0.12%), USD/JPY +0.071(+0.07%).
Sep WTI crude oil (CLU14 -0.10%) this morning is down -4 cents (-0.04%) and Sep gasoline (RBU14 -0.37%) is down -0.0079 (-0.29%). Sep crude and gasoline prices on Tuesday closed lower: CLU4 -0.76 (-0.77%), RBU4 -0.0174 (-0.63%). Bearish factors included (1) demand concerns after the IEA cut its 2014 global oil demand estimate by -180,000 barrels a day and cut its 2015 global oil demand estimate by -90,000 barrels a day, and (2) dollar strength. Losses were contained on expectations that Wednesday’s weekly EIA data will show crude stockpiles declined for the seventh consecutive week.

GLOBAL EVENT CALENDAR08/13/2014

US	0700 ET	Weekly MBA mortgage applications, previous +1.6% with purchase sub-index -1.3% and refi sub-index +3.8%.
	0830 ET	Jul retail sales expected +0.2% and +0.4% ex autos, Jun +0.2% and +0.4% ex autos.
	0905 ET	New York Fed President William Dudley delivers opening remarks and Boston Fed President Eric Rosengren delivers the keynote address at the New York Feds conference on the risks of wholesale funding.
	1000 ET	Jun business inventories expected +0.4%, May +0.5%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1300 ET	Treasury auctions $24 billion 10-year T-notes.
CHI	0130 ET	China Jul industrial production expected +9.2% y/y, Jun +9.2% y/y. Jul retail sales expected +12.5% y/y, Jun +12.4% y/y.
GER	0200 ET	Revised German Jul CPI (EU harmonized), previous +0.3% m/m and +0.8% y/y.
	0200 ET	German Jul wholesale price index, Jun -0.1% m/m and -0.8% y/y.
UK	0430 ET	UK Jul jobless claims change expected -30,000, Jun -36,300. Jul claimant count rate expected -0.1 to 3.0%.
	0430 ET	UK Jun avg weekly earnings expected -0.1% 3-month through Jun, May +0.3% 3-months through May. Jun weekly earnings ex-bonus expected +0.7% 3-months through Jun, May +0.7% 3-months through May.
	0430 ET	UK Jun ILO unemployment rate expected -0.1 to 6.4% 3-months through Jun, May +6.5% 3-months through May.
	0530 ET	BOE release quarterly inflation report.
	1901 ET	UK Jul RICS house price balance expected 51%, Jun 53%.
EUR	0500 ET	Eurozone Jun industrial production expected +0.4% m/m and +0.2% y/y, May -1.1% m/m and +0.5% y/y.
JPN	1950 ET	Japan Jun machine orders expected +15.3% m/m and +3.0% y/y, May -19.5% m/m and -14.3% y/y.

U.S. STOCK CALENDAR08/13/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Deere & Co	DE US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	2.204
Progressive Corp/The	PGR US	Bef-mkt	July 2014 Sales and Revenue Release	2014
Pinnacle Foods Inc	PF US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.333
SeaWorld Entertainment Inc	SEAS US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.582
Macy's Inc	M US	8:00	Q2 2015 Earnings Release	Q2 2015	0.858
WW Grainger Inc	GWW US	8:00	July 2014 Sales and Revenue Call	2014
WW Grainger Inc	GWW US	8:00	July 2014 Sales and Revenue Release	2014
Jack Henry & Associates Inc	JKHY US	8:45	Q4 2014 Earnings Call	Q4 2014
SeaWorld Entertainment Inc	SEAS US	9:00	Q2 2014 Earnings Call	Q2 2014
Pinnacle Foods Inc	PF US	9:30	Q2 2014 Earnings Call	Q2 2014
Computer Sciences Corp	CSC US	10:00	Annual General Meeting	Y 2014
Deere & Co	DE US	10:00	Q3 2014 Earnings Call	Q3 2014
Tahoe Resources Inc	THO CN	10:00	Q2 2014 Earnings Call	Q2 2014
Veritiv Corp	VRTV US	10:00	Q2 2014 Earnings Call	Q2 2014
Macy's Inc	M US	10:30	Q2 2015 Earnings Call	Q2 2015
JM Smucker Co/The	SJM US	11:00	Annual General Meeting	Y 2014
NetApp Inc	NTAP US	16:01	Q1 2015 Earnings Release	Q1 2015	0.57
Cisco Systems Inc	CSCO US	16:30	Q4 2014 Earnings Release	Q4 2014	0.528
Cisco Systems Inc	CSCO US	16:30	Q4 2014 Earnings Call	Q4 2014
NetApp Inc	NTAP US	17:30	Q1 2015 Earnings Call	Q1 2015
Twenty-First Century Fox Inc	FOXA US		U.S. Box Office Release of Movie Let's Be Cops""
Pfizer Inc	PFE US		CDC ACIP Meeting, use of Prevnar 13 pneumococcal vaccine in adults
Xilinx Inc	XLNX US		Annual General Meeting
Athlon Energy Inc	ATHL US		Q2 2014 Earnings Release	Q2 2014	0.276
Veritiv Corp	VRTV US		Q2 2014 Earnings Release	Q2 2014

Barchart Moring Call 8/14

Barchart Morning Call

BC - 2 hrs 16 mins ago

Overnight Developments

• Sep E-mini S&Ps this morning are up +0.18% at a 4-1/4 month high and the Euro Stoxx 50 is up +0.53% after Germany's economy in Q2 expanded at a faster pace than expected. Commodity prices are stronger with Sep crude up +0.30% and Sep copper up +0.39%, while the grain markets are higher with Dec corn up +0.92% and Nov soybeans up +0.66%. The dollar index this morning is lower with EUR/USD up +0.14% and Sep T-notes are down -1.5 ticks.
• Asian stocks today closed higher after minutes of last month's BOJ policy meeting showed policy makers weren't ruling out any options to boost growth: Japan +0.50%, Hong Kong +1.05%, China +0.22%, Taiwan +0.58%, Australia +0.21%, Singapore +0.75%, South Korea +1.35%, India +0.54%.
• German Q2 GDP expanded at a +0.3% q/q and +1.0% y/y pace, stronger than expectations of +0.2% q/q and +0.9% y/y.
• Euro-Zone Q2 GDP fell -0.2% q/q and -0.4% y/y, right on expectations.
• German Aug ZEW economic sentiment unexpectedly fell for a fourth month as it declined -5.9 to -25.5, its weakest pace in 8 months and worse than expectations of a +0.3 increase to -19.3, although the Aug ZEW current situation fell -2.9 to 18.2, a 2-year low but stronger than expectations of -4.1 to 17.5.
• U.K. July CPI rose +0.1 m/m and +2.6% y/y, stronger than expectations of -0.1% m/m and +2.3% y/y, while July core CPI climbed +2.3% y/y, also stronger than expectations of +2.1% y/y.
• Greece sold 4.06 billion euros of 3-month bills, more than its maximum target of 3.125 billion euros.
• Monthly data from the Bank of Spain showed Spanish banks' ECB borrowings surged to a record 375.5 billion euros in July, up +11.4% from June.
• Minutes of the July 11-12 BOJ policy meeting showed some BOJ board members said the central bank should not dismiss any policy options in combating risks to the economy from the European sovereign debt crisis, and that the bank has been "pursuing powerful monetary easing" and would "continue to conduct monetary policy in an appropriate manner."
  Market Comments
  • Sep E-mini S&Ps this morning are up +2.50 points (+0.18%) at a fresh 4-1/4 month high and the Euro Stoxx 50 is up +0.53%. The stock market on Monday traded mostly lower and settled mixed on concerns over the global economy after Japan's Q2 GDP was weaker than expected: S&P 500 -0.13%, Dow Jones -0.29%, Nasdaq 100 +0.21%. Stock losses were limited on speculation global central banks will increase their stimulus measures to support economic growth.
  • Sep 10-year T-notes this morning are down -1.5 ticks. T-note prices on Monday traded slightly lower as a recovery in stocks limited the safe-haven demand for Treasuries: TYU2 -3.5, FVU2 -0.5. Another factor that reduced safe-haven demand for T-notes was Italy's action to sell all the debt it planned at an auction of Treasury bills, which eased European debt concerns.
  • The dollar index this morning is down -0.10%. EUR/USD is up +0.14% and USD/JPY is +0.26%. The yen weakened overnight after minutes of the BOJ's July meeting signaled policy makers are considering ways to expand stimulus. The dollar index on Monday settled lower as the euro recovered its losses and settled little changed after Italy sold the maximum amount of debt offered for sale, which reduced European debt concerns : Dollar index -0.118 (-0.14%), EUR/USD unchanged, USD/JPY unchanged. Dollar losses were limited on an increase in safe-haven demand as stocks fell early along with comments from ECB Council member Coene who said European sovereign bond yields have been rising because financial markets don't trust Spanish and Italian authorities to take the measures necessary to repair their economies.
  • Sep WTI crude oil prices this morning are up 28 cents a barrel (+0.30%) and Sep gasoline is up 0.0069 of a cent a gallon (+0.23%). Crude oil and gasoline prices on Monday closed slightly lower as weaker-than-expected Japan Q2 GDP bolstered concern that global economic growth and energy demand may slow: CLU2 -0.14 (-0.15%), RBU2 -0.0132 (00.44%). Sep gasoline had posted a 3-1/2 month nearest-futures high before erasing its gains and closing lower on supply concerns due to diminished fuel production at Chevron's 240,000 bpd refinery in Richmond, California along with reduced output in the North Sea due to ongoing seasonal maintenance. Another supportive factor for energy prices was the report from the Haaretz daily that Israeli leaders are leaning toward a military strike on Iran over its nuclear program before U.S. elections in November.
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (ranked by market cap): HD-Home Depot (Consensus $0.97), TJX-TJX Cos. (0.55), EL-Estee Lauder (0.16), KORS-Michael Kors Holdings Ltd. (0.20), DKS-Dick's Sporting Goods (0.64), VAL-Valspar (0.96), TW-Towers Watson & Co. (1.24), JKHY-Jack Henry & Associates (0.46), FLO-Flowers Foods (0.22), JDSU-JDS Uniphase (0.12), NSM-Nationstar Mortgage Holdings (0.34), MYGN-Myriad Genetics (0.34), SKS-Saks (-0.09), NGL-NGL Energy Partners LP (-0.41), BOBE-Bob Evans Farms (0.60).
    Global Financial Calendar
    

    Tuesday 8/14/12
    United States
    0745 ET	ICSC (Int'l Council of Shopping Centers) weekly retailer sales.
    0830 ET	July PPI expected +0.2% m/m and +0.5% y/y, June +0.1% m/m and +0.7% y/y. July core PPI expected +0.2% m/m and +2.3% y/y, June +0.2% m/m and +2.6% y/y.
    0830 ET	July retail sales expected +0.3% m/m, June -0.5% m/m. July retail sales ex-autos expected +0.3% m/m, June was -0.4% m/m. July retail sales ex-autos and gas, June -0.2% m/m.
    0855 ET	Redbook weekly retailer sales.
    1000 ET	June business inventories expected +0.2% m/m, May +0.3% m/m.
    1130 ET	Weekly 4-week T-bill auction.
    1630 ET	API weekly U.S. oil statistics.
    Germany
    0200 ET	German Q2 GDP expected +0.2% q/q and +0.9% y/y, Q1 was +0.5% q/q and +1.7% y/y.
    0500 ET	German Aug ZEW current situation index expected -4.1 to 17.5, July 21.1. Aug ZEW economic sentiment index expected +0.3 to -19.3, July -19.6.
    United Kingdom
    0430 ET	UK June ONS house price expected +1.5% y/y, May +2.3% y/y.
    0430 ET	UK July CPI expected -0.1% m/m and +2.3% y/y, June -0.4% m/m and +2.4% y/y. UK July core CPI expected +2.1% y/y, June +2.1% y/y.
    0430 ET	UK July RPI expected -0.2% m/m and +2.8% y/y, June -0.2% m/m and +2.8% y/y. July RPI ex-mortgage interest payments expected +2.9% y/y, June +2.8% y/y.
    Euro-Zone
    0500 ET	Eurozone Q2 GDP expected -0.2% q/q and -0.4% y/y, Q1 unch q/q and -0.1% y/y.
    0500 ET	Eurozone June industrial production expected -0.7% m/m and -2.1% y/y, May +0.9% m/m and -2.6% y/y.

    Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.