Showing posts with label KIRK. Show all posts
Showing posts with label KIRK. Show all posts

Friday, March 11, 2016

MORNING CALL 3/11

MORNING CALL
OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH16 +0.93%) are up +0.98% at a 2-month high and European stocks are up +2.97%. Bank stocks are higher with Goldman Sachs and Morgan Stanley both up at least 1.5% in pre-market trading, while a +2.30% jump in the price of crude to a 3-month high gives energy producing stocks a lift. Crude oil received a boost after the IEA cut its 2016 non-OPEC crude production estimate by -150,000 bpd and said that "there are signs that prices might have bottomed out." Asian stocks settled higher: Japan +0.51%, Hong Kong +1.08%, China +0.20%, Taiwan +0.52%, Australia +0.32%, Singapore +0.70%, South Korea +0.22%, India +0.38%. China's Shanghai Composite recovered from a 1-week low and closed higher and gave Asian markets a lift after the PBOC strengthened its daily reference rate for the yuan by 0.34%, which fueled a rally in the yuan to a 2-1/4 month high against the dollar.
The dollar index (DXY00 +0.50%) is up +0.54%. EUR/USD (^EURUSD) is down -0.62%. USD/JPY (^USDJPY) is up +0.49%.
Jun T-note prices (ZNM16 -0.15%) are down -5 ticks.
The IEA cut its 2016 non-OPEC crude production estimate to 750,000 bpd, down -150,000 from 900,000 bpd estimated last month, and said that "there are signs that prices might have bottomed out."
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Feb import price index (expected -0.7% m/m and -6.5% y/y, Jan -1.1% m/m and -6.2% y/y).
None of the Russell 1000 companies report earnings today.
U.S. IPO's scheduled to price today: none.
Equity conferences this week include: none.


OVERNIGHT U.S. STOCK MOVERS
Morgan Stanley (MS +0.16%) and Goldman Sachs Group (GS +0.74%) are both up over 1% in pre-market trading.
Ulta Salon Cosmetics & Fragrance (ULTA +2.75%) rallied over 12% in pre-market trading after it reported Q4 adjusted EPS of $1.69, above consensus of $1.54, and then raised guidance on Q1 EPS to $1.25-$1.30, higher than consensus of $1.22.
Wynn Resorts Ltd. (WYNN +3.07%) was downgraded to 'Neutral' from 'Buy' at Sterne Agee CRT.
Arctic Cat (ACAT +2.85%) was downgraded to 'Sell' from 'Hold' at Wunderlich Securities.
Zumiez (ZUMZ +2.10%) fell 8% in after-hours trading after it lowered guidance on Q1 sales to $172 million-$175 million, below consensus of $176.7 million.
Finisar (FNSR +0.07%) jumped over 8% in after-hours trading after it reported Q3 adjusted EPS of 25 cents, higher than consensus of 22 cents, and said it sees Q4 adjusted EPS of 22 cents-28 cents, above consensus of 21 cents.
El Pollo Loco Holdings (LOCO +1.54%) declined nearly 6% in after-hours trading after it said it sees 2016 pro-forma EPS of 70 cents-74 cents, at the lower end of consensus of 74 cents.
BioDelivery Sciences International (BDSI -8.11%) dropped over 5% in after-hours trading after it reported Q4 EPS of 19 cents, well below consensus of 55 cents.
Bojangles' (BOJA -0.20%) gained 6% in after-hours trading after it reported Q4 EPS of 22 cents, better than consensus of 19 cents, and then raised guidance on 2016 adjusted Ebitda to $83.5 million-$86.5 million, higher than consensus of $80.2 million.
Kratos Defense & Security Solutions (KTOS -2.90%) jumped over 6% in after-hours trading after it reported Q4 ongoing adjusted EPS of 2 cents, better than consensus of a -4 cent loss.
Sunrun (RUN +7.52%) plunged over 10% in after-hours trading after it reported Q4 revenue of $99.6 million, below consensus of $101.8 million.
Bonanza Creek Energy (BCEI -2.42%) slipped 5% in after-hours trading after it elected to draw down $209 million on its credit facility.
Strata Skin Sciences (SSKN +2.80%) catapulted up over 30% in after-hours trading after the FDA approved Strata's PMA supplement for the MelaFind System that aids in detection of melanoma.
MARKET COMMENTS
Mar E-mini S&Ps (ESH16 +0.93%) this morning are up +19.50 points (+0.98%) at a 2-month high. Thursday's closes: S&P 500 +0.02%, Dow Jones-0.03%, Nasdaq -0.15%. The S&P 500 on Thursday gave up early gains and fell to a 1-week low on global economic concerns after the ECB cut its Eurozone 2016 GDP forecast to +1.4% from +1.7% and ECB President Draghi said that risks to economic growth are still to the downside. Stocks were also undercut by weakness in energy producers after the price of crude fell. Stocks saw strength early on the -18,000 drop in U.S. weekly jobless claims and on the ECB's interest rate cut and QE expansion to 80 billion euros from 60 billion euros a month.
Jun 10-year T-notes (ZNM16 -0.15%) this morning are down -5 ticks. Thursday's closes: TYM6 -13.50, FVM6 -8.50. Jun T-notes on Thursday slid to a 1-1/4 month low and closed lower on the larger-than-expected drop in weekly U.S. jobless claims to a 4-3/4 month low and on negative carryover from a decline in German bund prices to a 1-1/4 month low.
The dollar index (DXY00 +0.50%) this morning is up +0.522 (+0.54%). EUR/USD ^EURUSD) is down -0.0069 (-0.62%). USD/JPY (^USDJPY) is up +0.56 (+0.49%). Thursday's closes: Dollar Index -1.107 (-1.14%), EUR/USD +0.0178 (+1.62%), USD/JPY -0.16 (-0.14%). The dollar index on Thursday whipsawed up to a 1-week high and then down to a 3-week low and closed lower. The dollar was undercut by strength in EUR/USD which recovered from a 5-week low and rallied up to a 3-week high when ECB President Draghi said that he "doesn’t anticipate" more rate cuts from the ECB. EUR/USD initially saw weakness after the ECB cut interest rates and expanded QE to 80 billion euros a month from 60 billion euros.
Apr WTI crude (CLJ16 +2.14%) this morning is up +87 cents (+2.30%) and Apr gasoline (RBJ16 +0.55%) is up +0.0079 (+0.55%). Thursday's closes: CLJ6 -0.45 (-1.18%), RBJ6 -0.0315 (-2.14%). Apr crude and gasoline on Thursday closed lower on reduced optimism about a freeze in crude production after Russian Energy Minister Novak said that a time and date for a meeting among major oil producers remains uncertain and on negative carryover from Wednesday's EIA data that showed an increase in EIA crude stockpiles to a record high 521.8 million bbl and the rise in oil inventories at Cushing, OK, the delivery point for WTI futures, to a record 66.9 million bbl.
GLOBAL EVENT CALENDAR03/11/2016
US0830 ETFeb import price index expected -0.7% m/m and -6.5% y/y, Jan -1.1% m/m and -6.2% y/y.
GER0200 ETRevised German Feb CPI (EU harmonized), previous +0.4% m/m and -0.2% y/y.
0200 ETGerman Feb wholesale price index, Jan -0.4% m/m and -1.0% y/y.
UK0430 ETUK Jan construction output expected +0.2% m/m and -1.7% y/y, Dec +1.5% m/m and +0.5% y/y.
U.S. STOCK CALENDAR03/11/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Genesco IncGCO USBef-mktQ4 2016 Earnings ReleaseQ4 20162.134
Buckle Inc/TheBKE USBef-mktQ4 2016 Earnings ReleaseQ4 20161.073
Hibbett Sports IncHIBB USBef-mktQ4 2016 Earnings ReleaseQ4 20160.732
Progenics Pharmaceuticals IncPGNX USBef-mktQ4 2015 Earnings ReleaseQ4 2015-0.142
Kirkland's IncKIRK USBef-mktQ4 2016 Earnings ReleaseQ4 20160.898
Citi Trends IncCTRN USBef-mktQ4 2016 Earnings ReleaseQ4 20160.25
Straight Path Communications IncSTRP USBef-mktQ2 2016 Earnings ReleaseQ2 2016-0.07
Lifetime Brands IncLCUT US7:00Q4 2015 Earnings ReleaseQ4 20150.64
WW Grainger IncGWW US8:00February 2016 Sales and Revenue Call2016
WW Grainger IncGWW US8:00February 2016 Sales and Revenue Release2016
Public Service Enterprise Group IncPEG US8:00Financial Community Meeting
Providence Service Corp/ThePRSC US8:00Q4 2015 Earnings CallQ4 2015
Genesco IncGCO US8:30Q4 2016 Earnings CallQ4 2016
Progenics Pharmaceuticals IncPGNX US8:30Q4 2015 Earnings CallQ4 2015
Surgery Partners IncSGRY US8:30Q4 2015 Earnings CallQ4 2015
General Electric CoGE US9:00Investor Meeting - HealthcareY 2016
Citi Trends IncCTRN US9:00Q4 2016 Earnings CallQ4 2016
Gastar Exploration IncGST US9:30Q4 2015 Earnings CallQ4 2015
AEP Industries IncAEPI US10:00Q1 2016 Earnings CallQ1 2016
Buckle Inc/TheBKE US10:00Q4 2016 Earnings CallQ4 2016
Hibbett Sports IncHIBB US10:00Q4 2016 Earnings CallQ4 2016
Investors Real Estate TrustIRET US10:00Q3 2016 Earnings CallQ3 2016
Commercial Vehicle Group IncCVGI US10:00Q4 2015 Earnings CallQ4 2015
State National Cos IncSZTNZ US10:00Q4 2015 Earnings CallQ4 2015
Lifetime Brands IncLCUT US11:00Q4 2015 Earnings CallQ4 2015
Kirkland's IncKIRK US11:00Q4 2016 Earnings CallQ4 2016
Green Brick Partners IncGRBK US12:00Q4 2015 Earnings CallQ4 2015
Straight Path Communications IncSTRP US16:15Q2 2016 Earnings CallQ2 2016
Earthstone Energy IncESTE USAft-mktQ4 2015 Earnings ReleaseQ4 2015-0.125
Hallador Energy CoHNRG USAft-mktQ4 2015 Earnings ReleaseQ4 20150.18
Park-Ohio Holdings CorpPKOH USAft-mktQ4 2015 Earnings ReleaseQ4 20150.89
Equifax IncEFX USInvestor Meeting - New YorkY 2016
Valhi IncVHI USQ4 2015 Earnings ReleaseQ4 2015-0.04
EMCORE CorpEMKR USAnnual General Meeting
Tangoe IncTNGO USQ4 2015 Earnings ReleaseQ4 20150.035
Stemline Therapeutics IncSTML USQ4 2015 Earnings ReleaseQ4 2015-0.57
Carbylan Therapeutics IncCBYL USQ4 2015 Earnings ReleaseQ4 2015-0.247
Zynerba Pharmaceuticals IncZYNE USQ4 2015 Earnings ReleaseQ4 2015-0.625
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Monday, February 10, 2014

BARCHART MORNING CALL 2/10

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 -0.24%) this morning are down -0.32% and European stocks are also down -0.32% as emerging market currencies declined. European stocks were also under pressure after French Dec industrial production fell -0.3% m/m and Italy Dec industrial production slid -0.9% m/m, both weaker than expected. Asian stocks closed mostly higher: Japan +1.77%, Hong Kong -0.27%, China +2.49%, Taiwan +0.05%, Australia +1.08%, Singapore +0.13%, South Korea -0.02%, India -0.21%. China's Shanghai Stock Index climbed to a 5-week high after Bank of America said Chinese spending during the 7-day Lunar New Year holiday signaled strong consumption and that economic growth will be "relatively stable." Commodity prices are mixed. Mar crude oil (CLH14 -0.45%) is down -0.32%. Mar gasoline (RBH14 -0.09%) is down -0.08%. Apr gold (GCJ14 +0.85%) is up +0.51% at a 2-week high. March copper (HGH14 +0.14%) is up +0.05% at a 1-week high. Agriculture prices are mixed ahead of the Feb WASDE crop production report later today. The dollar index (DXY00 -0.04%) is down -0.01% at a 1-week low. EUR/USD (^EURUSD) is down -0.01%. USD/JPY (^USDJPY) is down -0.16%. March T-note prices (ZNH14 +0.02%) are up +3 ticks.
The Eurozone Feb Sentix investor confidence unexpectedly rose +1.4 to 13.3, better than expectations of -1.8 to 10.1 and the highest in 2-3/4 years.
The UK Jan Lloyds employment confidence rose +10 to -2, the highest in 8-3/4 years.
Japan Jan consumer confidence unexpectedly fell -0.8 to 40.5, weaker than expectations of +0.7 to 42.0 and the lowest in 13-months.
The Japan Jan eco-watchers survey current fell -1.0 to 54.7, weaker than expectations of -0.2 to 55.5. The Jan eco-watchers survey outlook fell -5.7 to 49.0, the lowest in 14-months.
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
Loews (L +0.98%) reported Q4 EPS of 65 cents, below consensus of 70 cents.
ArcelorMittal (MT +1.29%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill.
Urban Outfitters (URBN +1.80%) was upgraded to 'Buy' from 'Hold' at Brean Capital.
Hasbro (HAS +0.87%) reported Q4 EPS of $1.12, weaker than consensus of $1.22.
Whole Foods Markets (WFM +0.18%) was upgraded to 'Buy' from 'Hold' at BB&T.
Apollo Global (APO +0.38%) was upgraded to 'Buy' from 'Neutral' at Citigroup.
Bristol-Myers (BMY +2.76%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital with a price target of $50.
Texas Roadhouse (TXRH +2.52%) was upgraded to 'Strong Buy' from 'Outperform' at Raymond James.
Piper Jaffray reiterated its 'Overweight' rating on athenahealth (ATHN +25.06%) and raised its price target on the stock to $220 from $170.
Jennison Associates reported a 5.9% passive stake in Michael Kors (KORS +2.97%) .
Polar Securities reported a 5.7% passive stake in Kirkland's (KIRK -1.00%) .
Aisling Capital II reported a 13.8% passive stake in Esperion Therapeutics (ESPR +11.37%) .
Elon Musk reported a 23.1% stake in SolarCity (SCTY +3.68%) .
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 -0.24%) this morning are down -5.75 points (-0.32%). The S&P 500 on Friday closed higher on ideas that the weaker-than-expected Jan payroll report was due to inclement weather. U.S. Jan non-farm payrolls rose +113,000, below expectations of +180,000, although the Jan unemployment rate unexpectedly dropped -0.1 to 6.6%, better than expectations of unch at 6.7% and the lowest in 5-1/4 years. Another positive for stocks was the U.S. Department of Labor’s annual revisions from Mar 2013 through Dec 2013 that showed an additional +369,000 of payroll jobs over that period. Closes: S&P 500 +1.33%, Dow Jones +1.06%, Nasdaq 100 +1.84%.
Mar 10-year T-notes (ZNH14 +0.02%) this morning are up +3 ticks. Mar 10-year T-note futures prices on Friday recovered from a 1-week low and closed higher on concern that the U.S. economy is losing momentum after Jan non-farm payrolls rose less than expected for a second month. Closes: TYH4 +11.50, FVH4 +8.50.
The dollar index (DXY00 -0.04%) this morning is down -0.005 (-0.01%) at a 1-week low. EUR/USD (^EURUSD) is down -0.0002 (-0.01%). USD/JPY (^USDJPY) is down -0.16 (-0.16%). The dollar index on Friday fell to a 1-week low and closed lower after U.S. Jan non-farm payrolls rose less than expected, which boosted speculation the Fed may slow the pace of reduction in its monthly bond buying. EUR/USD fell back from a 1-week high after Germany’s Federal Constitution Court sought advice on whether the ECB’s OMT bond-buying program is legal. Closes: Dollar index -0.215 (-0.27%), EUR/USD +0.00463 (+0.34%), USD/JPY +0.266 (+0.26%).
Mar WTI crude oil (CLH14 -0.45%) this morning is down -32 cents (-0.32%) and Mar gasoline (RBH14 -0.09%) is down -0.0022 (-0.08%). Mar crude oil and gasoline prices Friday posted 5-week highs and closed higher. Bullish factors included (1) a weak dollar, (2) strong demand for heating fuels after Commodity Weather Group said Jan was the coldest for the month in the last 20 years, and (3) strength in gasoline on supply concerns after Energy Aspects Ltd. said an average of 1.6 million barrels a day of U.S. refining capacity will be off-line in Feb for planned and unplanned work. The energy markets shrugged off the smaller-than-expected increase in U.S. Jan payrolls as weather-related. Closes: CLH4 +2.04 (+2.22%), RBH4 +0.0659 (+2.46%).
GLOBAL EVENT CALENDAR02/10/2014
US1100 ETUSDA weekly grain export inspections.
1200 ETFeb WASDE crop production report.
JPN0000 ETJapan Jan consumer confidence index, Dec 41.3.
0100 ETJapan Jan eco watchers survey current expected -0.2 to 55.5, Dec 55.7. Jan eco watchers survey outlook, Dec 54.7.
EUR0430 ETEurozone Feb Sentix investor confidence expected -1.8 to 10.1, Jan 11.9.
UK0430 ETUK Jan Lloyds employment confidence, Dec -12.
1901 ETUK Jan BRC sales like-for-like expected +0.8% y/y, Dec +0.4% y/y.
U.S. STOCK CALENDAR02/10/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Hasbro IncHAS USBef-mktQ4 2013 Earnings ReleaseQ4 20131.217
Loews CorpL USBef-mktQ4 2013 Earnings ReleaseQ4 20130.7
Hasbro IncHAS US8:30Q4 2013 Earnings CallQ4 2013
Pioneer Natural Resources CoPXD USAft-mktQ4 2013 Earnings ReleaseQ4 20130.984
Masco CorpMAS USAft-mktQ4 2013 Earnings ReleaseQ4 20130.164
McDonald's CorpMCD USJanuary 2014 Sales and Revenue Release2014
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Thursday, March 14, 2013

Barchart Morning Call 3/14


Barchart Morning Call

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OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps are mildly higher by +0.13% on a +0.77% rally in European stocks and mostly higher Asian stock market closes today. European stocks are being supported today by a successful Spanish bond auction and by optimism that Eurozone leaders will reduce their Germany-led focus on austerity. Japanese stocks today closed +1.16%, Hong Kong closed +0.28%, and China closed +0.27%. Commodity prices are slightly lower by -0.07% on average. April crude oil is down -0.28%, April gasoline is down -0.93%, April gold is down -0.28%, May copper is up +0.20%, and agriculture prices are mixed. The dollar index is mildly higher by +0.18% on carry-over support from yesterday's much stronger than expected u.S. retail sales report of +1.1% m/m (+1.0% ex-autos), while EUR/USD is down -0.0038 (-0.29%). USD/JPY is up +0.27 (+0.28%). June 10-year T-notes are down -5.5 ticks ahead of today's 30-year bond auction.
The 2-day EU Summit begins today. Key agenda items include easier austerity measures for countries such as France, Spain and Italy, the bailout of Cyprus, and the centralized bank regulation plan. Eurozone finance ministers meeting on Friday and will mainly focus on the Cyprus bailout, which has become problematic because of perceptions that key Cyprus banks have been involved money laundering for Russian entities.
Spain today successfully sold a batch of bonds with maturities of 13, 27 and 28 years totaling 803 million euros in size. The bond sale was announced just earlier this week. The bid cover ratios were solid at 4.1, 2.4, and 2.0, respectively. The successful sale indicated that there is still enough investor confidence about Spain to maintain access to the longer-term bond market. The Spanish Treasury has now covered about one-third of its planned mid-term and long-term debt issuance for 2013.
Israeli Prime Minister Netanyahu today was able to reach a coalition agreement for a ruling government following the Jan 22 national elections. The new government comes just in time as President Obama will visit Israel next Wednesday. Now that a coalition government has been formed, President Netanyahu may speak more forcefully about Iran again.
China's national legislature named Xi Jinping as China's president, adding that title to his already existing portfolio as head of the ruling communist Party and chairman of the country's military commission. His quick assumption of all three posts was considered rapid and indicated strong support for his leadership.
The Australian dollar rallied 0.8% today after Feb Australian jobs rose by +71,500, the largest increase in nearly 13 years.
The Swiss central bank today vowed to maintain its cap on the Swiss franc to keep the franc from appreciating and hurting Swiss exporters.
Norway's central bank today left its benchmark policy rate unchanged. The Norwegian krone fell as the Norwegian central bank chief said that the bank's key policy rate needs to remain low longer than previously thought.
Japan's final-Jan industrial production was revised lower to +0.3% m/m and -5.8% y/y from the preliminary report of +1.0% m/m and -5.1% y/y. Japan's final-Feb machine tool orders report was left unrevised at -21.5% y/y.
Eurozone Q4 employment fell-0.3% q/q and -0.8% y/y, which was weaker than the Q3 report of -0.1% q/q and -0.6% y/y.

U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show a +10,000 increase to 350,000, more than reversing last week’s decline of -7,000 to 340,000. Meanwhile, continuing claims are expected to show a small decline of -4,000 to 3.090 million, more than reversing last week’s small increase of +3,000 to 3.094 mln. Today’s Feb PPI report is expected to show a large gain of +0.7% m/m after the +0.2% m/m increase in Jan. However, the Feb core PPI is expected to show a modest gain of +0.1% after the +0.2% m/m increase in Jan. Current account balance – Today’s Q4 current account deficit is expected to widen moderately to -$113.0 billion from -$107.5 billion in Q3. There are earnings reports today from Molycorp (consensus -$0.30), Ulta Salon (0.98).
Conferences during the remainder of this week include the FIA International Derivatives Conference on Tue-Thu, Barclays Capital Healthcare Conference on Tue-Thu, UBS Global Consumer Conference on Wed-Thu, and Susquehanna Chemical Conference on Thu.

June E-mini S&Ps are mildly higher by +2.00 points (+0.13%) on higher overseas stocks and on carry-over support from yesterday's stronger-than-expected U.S. retail sales report of +1.1% m/m. The S&P 500 index on Wednesday fluctuated on either side of unchanged and finally closed slightly higher as strong U.S. Feb retail sales offset stretched valuations and weak European stocks. The main bullish factor was the increase in U.S. Feb retail sales by +1.1% and +1.0% less autos, stronger than expectations of +0.5% for both retail sales and retail sales less autos. Bearish factors included (1) valuation concerns with the S&P 500 at 15.3 times earnings, a 22-month high, and the Dow at a price-to-earnings ratio of 14.1, a nearly 2-year high, and (2) weakness in European stocks after Eurozone Jan industrial production fell -0.4% m/m, weaker than market expectations of -0.1% m/m. Closes: S&P 500 +0.13%, Dow Jones +0.04%, Nasdaq -0.08%.

OVERNIGHT U.S. STOCK MOVERS
  • Dynegy (DYN +0.40%) announced a definitive agreement to acquire Ameren Energy Resources (AEE).
  • Kirkland's (KIRK +0.26%) reported Q4 EPS of 82 cents, well above the consensus of 74 cents.
  • Amazon.com (AMZN +0.35%) was downgraded to Neutral from Overweight by JPMorgan.
  • Barnes & Noble's (BKS -1.35%) bid to have some claims dismissed that it infringed Alcatel-Lucent (ALU -2.70%) patents relating to Internet commerce was rejected by a federal judge.
  • Coldwater Creek (CWTR -0.31%) reported a Q4 adjusted EPS loss of -65 cents, better than consensus of -79 cents.
  • Men's Wearhouse (MW -0.34%) reported a Q4 EPS loss of -7 cents, wider than consensus of -5 cents.
  • Sterne Agee initiated D.R. Horton (DHI +1.65%) with a Buy and named it a "Top Pick" with a target of $29 a share.
  • Sterne Agee initiated Beazer Homes (BZH +0.93%) with a with a target price of $21 a share.
  • Providence Service (PRSC +0.06%) reported Q4 EPS of 22 cents, lower than consensus of 24 cents.
  • Wells Fargo (WFC +0.30%) was initiated with a Market Perform at BMO Capital with a target price of $40 a share.
  • Vera Bradley (VRA +0.89%) reported Q4 EPS of 62 cents, better than consensus of 57 cents.
  • Hot Topic (HOTT +0.07%) reported Q4 EPS of 29 cents, stronger than consensus of 27 cents.

MARKET COMMENTS
June 10-year T-notes are down 5.5 ticks going into today's sale of 30-year bonds. June 10-year T-note prices on Wednesday closed little changed. T-notes had traded lower after stronger-than-expected U.S. Feb retail sales boosted stocks and reduced safe-haven demand for Treasuries. However, T-note prices recovered in the early afternoon on strong demand for the Treasury's $21 billion 10-year note auction that had a bid-to-cover ratio of 3.19, better than the 12-auction average of 2.96. Closes: TYM3 -0.5, FVM3 -1.0.
The dollar index is up +0.15 (+0.18%) while EUR/USD is down -0.0038 (-0.29%). USD/JPY is up +0.27 (+0.28%). The dollar index on Wednesday climbed to a 7-1/4 month high and closed higher as stronger-than-expected U.S. Feb retail sales bolstered the economic outlook and is positive for dollar assets. EUR/USD slid to a 3-month low after a disappointing Italian bond auction and weaker than expected Eurozone Jan industrial production. Closes: Dollar index +0.305 (+0.37%), EUR/USD -0.00729 (-0.56%), USD/JPY +0.035 (+0.04%).
April WTI crude oil is down -0.17 (-0.18%) while April gasoline is down -0.0293 (-0.93%). Crude oil and gasoline prices on Wednesday closed slightly lower. Bearish factors included the bigger-than-expected +2.624 million bbl increase in weekly DOE crude inventories to 384 million bbl, an 8-1/2 month high, (2) the +0.9% w/w increase in U.S. crude output to 7.159 million barrels a day for the week ended March 8, the highest in 20-1/2 years, and (3) the surge in the dollar index to a 7-1/4 month high. Bullish factors included (1) the larger-than-expected -3.57 million bbl draw in weekly DOE gasoline inventories, and (2) the -1.59 million bbl decline in crude inventories to their lowest level of the year at Cushing, Oklahoma, the delivery point for WTI crude futures contracts. Closes: CLJ3 -0.02 (-0.02%), RBJ3 -0.0079 (-0.25%).

GLOBAL EVENT CALENDAR03/14/2013
US0830 ETWeekly initial unemployment claims expected +10,000 to 350,000, previous -7,000 to 340,000. Weekly continuing claims expected -4,000 to 3.090 mln, previous +3,000 to 3.094 mln.
0830 ETFeb PPI expected +0.7% m/m and +1.8% y/y, Jan +0.2% m/m and +1.4% y/y. Feb core PPI expected +0.1% m/m and +1.7% y/y, Jan +0.2% m/m and +1.8% y/y.
0830 ETQ4 current account balance expected -$113.0 bln, Q3 -$107.5 bln.
0830 ETUSDA weekly Export Sales.
0900 ETFed Governor Sarah Bloom Raskin delivers welcoming remarks at Neighborworks 35th Anniversary Symposium.
1100 ETTreasury announces details of 10-year TIPS auction on March 21.
1300 ETTreasury auction of $13 billion in 30-year T-bonds.
1630 ETFederal Reserve announces which banks will be able to pay dividends or buy back shares after the March 7 release of bank stress tests.
EURn/aEU 2-day summit begins in Brussels.
0500 ETECB publishes monthly report.
0600 ETEurozone Q4 employment, Q3 -0.2% q/q and -0.7% y/y.
JPN0000 ETTokyo Feb condo sales, Jan -5.4% y/y.
0030 ETRevised Japan Jan industrial production, previous +1.0% m/m and -5.1% y/y. Revised Jan capacity utilization, previous 2.9%.
0200 ETRevised Japan Feb machine tool orders.

U.S. STOCK CALENDAR03/14/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
MDU Resources Group IncMDU US8:30Analyst and Investor MeetingY 2013
Onyx Pharmaceuticals IncONXX US8:30Analyst DayY 2013
ADT Corp/TheADT US8:30Annual General Meeting
Pepco Holdings IncPOM US9:00Analyst ConferenceY 2013
CSX CorpCSX US10:00Business Update Call
ANSYS IncANSS US10:00Investor DayY 2013
Brocade Communications Systems IncBRCD US11:00Roadshow - DallasY 2013
United Technologies CorpUTX US13:00Analyst MeetingY 2013
Molycorp IncMCP US16:30Q4 2012 Earnings CallQ4 2012
Ulta Salon Cosmetics & Fragrance IncULTA US17:00Q4 2013 Earnings CallQ4 2013
Molycorp IncMCP USAft-mktQ4 2012 Earnings ReleaseQ4 2012-0.3
Ulta Salon Cosmetics & Fragrance IncULTA USAft-mktQ4 2013 Earnings ReleaseQ4 20130.979
Charles Schwab Corp/TheSCHW USFebruary 2013 Sales and Revenue Release2013
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Friday, November 18, 2011

Kirkland's - KIRK - Barchart Chart of the Day

Barchart.com's Chart of the Day - Kirkland's (KIRK)
Barchart Research Team - Barchart.com - Thu Nov 17, 6:41PM CST
Related Stocks
KIRK - Kirkland's
Sym Last Chg Pct
KIRK 13.41 +0.33 +2.52%
The "Chart of the Day" is Kirkland's (KIRK), which showed up on Thursday's "Top Signals" list. Kirkland on Wednesday rallied by 2.52% and posted a new 6-month high of $13.48. TrendSpotter has been Long since Oct 10 at $10.20. In recent news on the stock, Piper Jaffray on Nov 4 upgraded Kirkland's to Overweight from Neutral and raised its target to $16 from $10 due to valuation and a strong free cash flow outlook. Kirkland's, with a market cap of $260 million, is a specialty retailer of home decor in the United States.

kirk_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Signals - Top 100 Stocks" list. The Top 100 Stocks ranks stocks by a combination of their overall opinion, signal strength and signal direction to come up with a list of the top 100 stocks by opinion. Each analytic used within the signals is rated by signal strength and direction. The strengths are allocated 10, 20, 30, 40 or 50 points; the directions are allocated 1, 2, 3, 4 or 5 points. This gives a maximum of 55 points per signal. The totals are added up depending on buy, sell and hold rating and ranked 1 to 100 for the top 100 bullish stocks and the top 100 bearish stocks. The signal strength and signal direction ratings are available from the advanced opinion pages. Signal strength and signal direction are independent of the signals rating.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • TrendSpotter: Buy
  • Short-Term Indicators: 80% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% Buy

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