Showing posts with label NFX. Show all posts
Showing posts with label NFX. Show all posts

Monday, July 7, 2014

S&P 500 Large Cap Winners

Today I decided to see if the YTD S&P 500 Large Cap stock winners still have some upside potential left.  It seems they do.  I used Barchart to sort the S&P 500 Large Cap Index stocks for YTD price increase then used the Flipchart feature to review the chart.  All were currently still rising.

The list included Newfield Exploration (NFX) 76.21%, Nabors Industries (NBR) 74.34%,       Keurig Green Mountain (GMCR) 66.53%, Electronic Arts (EA) 60.20%, Micron Technology (MU) 53.68%:

Newfield Exploration (NFX)


Barchart technical indicators:
  • 64% Barchart technical buy signals
  • Trends Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 16.36% in the last month
  • Relative Strength Index 70.14%
  • Barchart computes a technical support level at 42.71
  • Recently traded at 43.52 with a 50 day moving average of 37.67


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 9.26% in the last month
  • Relative Strength Index 65.22%
  • Barchart computes a technical support level at 29.60
  • Recently traded at 29.40 with a 50 day moving average of 26.68


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 3.27% in the last month
  • Relative Strength Index 62.21%
  • Barchart computes a technical support level at 121.07
  • Recently traded at 125.73 with a 50 day moving average of 113.23


Barchart technical indicators:
  • 64% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 5.05% in the last month
  • Relative Strength Index 60.69%
  • Barchart computes a technical support level at 36.35
  • Recently traded at 36.69 with a 50 day moving average of 34.30


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 12.42% in the last month
  • Relative Strength Index 65.50%
  • Barchart computes a technical support level at 33.26
  • Recently traded at 33.14 with a 50 day moving average of 29.07










Wednesday, April 3, 2013

Barchart Morning Call 4/3


Wednesday, April 3rd, 2013>>View Older Reports
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OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM13 +0.16%) are trading slightly higher by +0.11% as the market looks ahead to a positive ADP report today with a consensus of +200,000. The Euro Stoxx 50 index is down -0.49% today on some long liquidation pressure after recent gains. European stocks received some underlying support today as the IMF reached an agreement with Cyprus for a 1 billion euro contribution to its bailout. Asian stocks today closed mostly lower with the Hang Seng down -0.14% and China's CSI 300 index down -0.11%, but Japan's Nikkei index rallied sharply by +2.99% today. Chinese stocks were supported by solid increases in its non-manufacturing PMI reports but were undercut by the new cases of bird flu. Commodity prices are slightly lower by -0.06%. May crude oil (CLK13 -0.48%) is down -0.50%, May gasoline (RBK13 -1.00%) is down -1.23%, June gold (GCM13 -0.25%) is down -0.32%, May copper (HGK13 -0.43%) is down -0.61%, and agriculture prices are mostly higher. The dollar index (DXY00 -0.11%) and EUR/USD
(^EURUSD) this morning are virtually unchanged. USD/JPY (^USDJPY) is slightly higher by +0.07%. June 10-year T-note (ZNM13 -0.05%) prices are up +0.5 tick.
North Korea today prevented South Korean workers from entering the Gaeseong joint industrial zone, ratcheting up tensions another notch. North Korea earns about $100 million in profits from the business operations in the joint industrial park and South Korea makes about $400 million. So far North Korea has only halted South Koreans from traveling to the site but has not started to shut down the site entirely. There are still South Koreans who are effectively trapped in the zone and are unable to leave. There have still been no reports of unusual military movements in North Korea.
The Bank of Japan on Thursday will announce the outcome of its 2-day meeting. The market consensus is that new BOJ chief Kuroda will engineer a broad expansion of the BOJ's asset purchase program to meet its new goal of hitting a 2% inflation rate within two years.
The IMF today said that it reached a staff-level agreement with Cyprus to contribute 1 billion euros toward the 10 billion euro bailout. Italian 10-year bond yields today fell by another 3 bp to 4.59%, adding to yesterday's sharp decline of 14 bp. Spanish 10-year bond yields today fell by 4 bp to 4.91%.
Germany today successfully sold 3.29 billion of 5-year bonds at an average yield of 0.33%, down from 0.45% its last sale of 5-year bonds on March 6.
The March Eurozone CPI eased to +1.7% y/y from +1.8% in Feb but did not fall as far as the consensus of +1.6% y/y.
China's March non-manufacturing PMI from the National Bureau of Statistics rose by +1.1 point to 55.6 from 54.5 in Feb. Meanwhile, the March HSBC services PMI rose by +2.2 points to 54.3 from 52.1 in Feb. The increase in the non-manufacturing PMIs indicated that the non-manufacturing sectors of the Chinese economy picked up a little steam in March.
The UK March construction PMI rose by +1.4 points to 47.2 from 46.8 in Feb but was weaker than market expectations for a +1.2 point increase to 48.0.
Chinese investors became a little more concerned after a new H7N9 strain of bird flu killed two people in Shanghai. Five other people are infected with the virus and are in critical condition. WHO is investigating.
U.S. STOCK PREVIEW
Today’s March ADP employment report is expected to show a solid increase of +200,000, which would be very close to the +198,000 increase seen in February. Today’s March ISM non-manufacturing index is expected to show a small decline of -0.2 to 55.8. There are only two major earnings reports today. ConAgra this morning reported Q3 earnings of 55 cents, slightly below the consensus of 56 cents. Monsanto reported Q2 earnings of $2.73, well above the consensus of $2.57.
Conferences through the rest of this week include Boston Biotech Business Development Conference on Tue-Wed, J.P. Morgan Private Builder/Private Equity Conference on Thursday, China Business Conference 2013 in NY on Friday, and Women in the World Summit 2013 on Friday.

June E-mini S&Ps (ESM13 +0.16%) are slightly higher by +1.75 points (+0.11%) on expectations for a strong ADP report this morning of +200,000 and on some optimism about a further decline in Italian and Spanish bond yields and solid increases in today's Chinese non-manufactuturing indexes. The S&P 500 index on Tuesday closed moderately higher on the stronger-than-expected U.S. Feb factory orders report and the sharp -14 bp drop in the Italian 10-year bond yield. Closes: S&P 500 +0.52%, Dow Jones +0.61%, Nasdaq 100 +0.84%.
OVERNIGHT U.S. STOCK MOVERS
  • Monsanto (MON -1.69%) reported Q2 adjusted EPS of $2.73, well above the consensus of $2.58.
  • ConAgra (CAG -0.22%) reported Q3 adjusted EPS of 55 cents, slightly below the consensus of 56 cents.
  • Japanese auto makers (TM -1.25%, HMC -1.00%, NSANY -0.75%) continued to see a Chinese sales slump in Q1, allowing rivals to pick up market share, according to a Reuters report.
  • Caterpillar (CAT -0.89%) was downgraded to Neutral from Buy at Goldman Sachs on a reduced outlook for iron ore prices and a cut in equipment capital spending.
  • Six Flags (SIX +0.63%) was initiated with a Conviction Buy with a target of $83.50 by Goldman Sachs
  • BP (BP +0.31%) is putting its U.S. wind power unit up for sale, according to FT
  • Oxford Industries (OXM -0.54%) fell 3% in after-hours trading after reporting Q4 EPS of 65 cents, below the consensus of 70 cents.
  • Vodafone (VOD +3.78% fell 3% in after-hours trading after Verizon (VZ) disclosed in a regulatory filing that it is interested in buying Vodafone's stake in Verizon Wireless, but not in buying Vodafone itself.
  • MagicJack (CALL +6.94%) rallied 13% in after-hours trading after announcing positive earnings.
  • Zynga (ZNGA -2.85%) rallied 8% in after-hours trading after the company announced its first games involving real money in the U.K.
  • Newfield (NFX +0.78%) rallied 7% in after-hours trading after announcing a natural gas discovery.
  • Zoltek (ZOLT -0.16%) rallied 5% in after-hours trading after announcing it would conduct a review of strategic alternatives.
  • Global Payments (GPN -0.26%) fell 6% in after-hours trading after announcing negative earnings.
  • Tesla (TSLA +0.93%) fell 2% in after-hours trading after announcing a new financing product for its Model S. electric vehicle.
MARKET COMMENTS
June 10-year T-notes (ZNM13 -0.05%) are up by +0.5 tick. June 10-year T-note prices on Tuesday closed mildly higher on reduced safe-haven demand with the rally in U.S. stocks and the sharp drop in the Italian 10-year bond yield. Closes: TYM3 -4.5, FVM3 -1.75.
The dollar index (DXY00 -0.11%) and EUR/USD (^EURUSD) are virtually unchanged this morning. EUR/USD (^USDJPY) received a little underlying support from news that the IMF reached an agreement with Cyprus for a 1 billion euro contribution to its bailout. USD/JPY is slightly higher by +0.07 yen (+0.07%) as the market looks ahead to Thursday's expected QE expansion announcement from the BOJ after its 2-day meeting. The dollar index on Monday closed mildly higher on the stronger-than-expected factory orders report while EUR/USD fell on worries that there may be a dovish outcome at Thursday’s ECB meeting considering that the Eurozone Feb unemployment rate yesterday rose to a new record high of 12.0%. Closes: Dollar index +0.191 (+0.23%), EUR/USD -0.0029 (-0.23%), USD/JPY +0.21 (+0.23%).
May WTI crude oil (CLK13 -0.48%) is down -0.49 (-0.50%) and May gasoline (RBK13 -1.00%) is down -0.0373 (-1.23%) as bearish sentiment continues. Crude oil on Tuesday closed slightly higher but gasoline fell sharply as the market expects the surge in the refinery operation rate in the past two weeks to translate soon into higher gasoline production and higher inventories. Gasoline also saw technical selling as it appeared headed for a test of the recent 2-month low and a further correction of the Dec-Feb rally. Closes: CLK3 +0.12 (+0.12%), RBK3 -0.0607 (-1.96%).
GLOBAL EVENT CALENDAR04/03/2013
US0700 ETWeekly MBA mortgage applications, previous +7.7% with purchase sub-index +6.7% and refi sub-index +8.0%.
0815 ETMarch ADP employment change expected +200,000, Feb +198,000.
1000 ETMarch ISM non-manufacturing index expected -0.2 to 55.8, Feb +0.8 to 56.0.
1030 ETDOE Weekly Petroleum Status Report.
1530 ETSan Francisco Fed President John Williams speaks on economy and monetary policy to Town Hall in Los Angeles.
1700 ETSt. Louis Fed President James Bullard introduces lecture by Glenn Hubbard, former Chairman of Economic Advisors, in St. Louis.
UK0430 ETUK March construction PMI expected +1.2 to 48.0, Feb 46.8.
EUR0500 ETEurozone March CPI expected +1.6% y/y, Feb +1.8% y/y.
JPNn/aBOJ 2-day meeting begins.
U.S. STOCK CALENDAR04/03/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
Monsanto CoMON USBef-mktQ2 2013 Earnings ReleaseQ2 20132.565
ConAgra Foods IncCAG US7:30Q3 2013 Earnings ReleaseQ3 20130.563
ConAgra Foods IncCAG US9:30Q3 2013 Earnings CallQ3 2013
Monsanto CoMON US9:30Q2 2013 Earnings CallQ2 2013
McCormick & Co Inc/MDMKC US10:00Annual General MeetingY 2013
Hanesbrands IncHBI US18:30Annual General Meeting
Walgreen CoWAG USMarch 2013 Sales and Revenue Release2013
AutoNation IncAN USMarch 2013 Sales and Revenue Release2013
IntercontinentalExchange IncICE USMarch 2013 Sales and Revenue Release2013

Tuesday, February 26, 2013

Barchart Morning Call 2/26



OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH13 +0.30%) are up +0.20% today on a small rebound after yesterday's sharp 1.83% sell-off. The Euro Stoxx 50 index today is sharply lower by -2.63% on Monday's muddled Italian election results, which raised the spectre of the return of the Eurozone debt crisis. Asian stocks today closed sharply lower across the board on the European election results and the sharp sell-off in U.S. and European stocks. Chinese stocks fell 1.43% also on concerns about new property restrictions to try to curb home price rises. Commodity prices today are down -0.41%. April crude (CLJ13 -0.74%) oil is down -0.72%, April gasoline (RBJ13 -1.47%) is down -1.46%, April gold (GCJ13 +0.43%) is up +0.27%, March copper (HGH13 -0.52%) is down -0.44%, and agriculture prices are trading mostly lower. The dollar index (DXY00 +0.06%) is mildly higher by +0.12% while EUR/USD (^EURUSD) is up +0.14% and USD/JPY (^USDJPY) is up +0.20%. March 10-year T-note (ZNH13 +0.09%) prices are up 6 ticks.
Italian political leaders today began the process of trying to form a government, which could take up to a month and may result in the need for a second election for more conclusive results. Italian voters gave a total of 55% of the vote to anti-recession parties led by ex-comic Grillo and former PM Berlusconi. Democratic Party leader Bersani and incumbent PM Monti together do not have enough votes to form a government. Mr. Grillo has rejected participation in a coalition with any of the other parties and would like to force a new vote since he expects that his party would pick up even more votes. Mr. Berlusconi ruled out a coalition with Mr. Monti's party but a coalition between Bersani and Berlusconi is an outside possibility, at least for a short-lived government. The 10-year Italian bond yield today soared by 28 bp to a 3-month high of 4.77% as the Italian markets today had their first chance to react to the late-Monday election results. Italian credit default swaps today soared by 43 bp to a 2-month high of 293 bp. The Italian stock market fell by -4.6% and Italy's largest banks saw their stock plunge by at least -8%.
Italy's election results had a negative contagion effect for the rest of Europe. The Spanish 10-year bond yield today rose by 14 bp to 5.31% and Portugal's 10-year bond yield rose by 7 bp to 391 bp. The German 10-year bund yield fell by 7 bp to 1.48% on safe-haven demand. The Euro Stoxx banks Index today is down more than 5%, the largest decline in 4 months, as the markets fear the return of the Eurozone debt crisis and renewed banking system problems.
Japan's Feb small business confidence index rose by 1.7 points to 46.0 from 44.3 in Jan.
There is no news as yet out of today's meeting between the largest global nations (P5 plus 1) and Iran over its nuclear program. Iran is being offered a better deal than in the past although there is little to suggest that Iran will do more than its usual procedure of stalling for more time while it speeds up its nuclear enrichment activities.

U.S. STOCK PREVIEW
The U.S. stock market today will continue to react to the Italian election results, which have caused heavy stock market losses throughout Europe today. Today's U.S. economic calendar is very busy. Fed Chairman Bernanke presents his semi-annual testimony on monetary policy to the Senate Banking Committee. The markets will be listening carefully to see if he reinforces news in last Wednesday's Jan 29-30 FOMC minutes that some members seem to favor cutting the size of QE3. The Treasury today will sell $35 billion in 5-year T-notes. Today's Jan new home sales report is expected to show a +3.0% increase to reverse part of the sharp decline of -7.3% seen in December ahead of the year-end fiscal cliff. The Dec U.S. home price indexes from Case-Shiller and FHFA are both expected to show an increase of +0.6% m/m, matching the +0.6% increases seen in both indexes in November. Today's U.S. consumer confidence index from the Conference Board is expected to show a modest +0.9 point increase after three months of declines in Nov-Jan totaling -14.5 points. Today's Richmond Fed index is expected to show an 8 point gain to -3.0, but that would still leave the index in negative territory for the third consecutive month.
There are 15 of the S&P 500 companies that report earnings today. Notable reports include Tenet Healthcare (consensus $0.67), Home Depot (0.64), Macy's (1.99), Sempra Energy (0.96), Edison International (1.05), First Solar (1.77), and Priceline.com (6.53).

March E-mini S&Ps (ESH13 +0.30%) this morning are up +0.20% on some short-covering after yesterday's sharp -1.83% sell-off. The S&P 500 index on Monday fell sharply on (1) fears that the Eurozone debt crisis is back with a 55% Italian vote for anti-austerity parties, (2) the weaker-than-expected Chinese Feb HSBC flash manufacturing index (-1.9 to 50.4), and (3) worries about the impending sequester spending cuts on Friday. The early optimism did not last over reports that Japanese Prime Minister Abe has chosen Haruhiko Kuroda as the new BOJ chief, who is expected to quickly ratchet up the BOJ’s QE program. Closes: S&P 500 -1.83%, Dow Jones -1.55%, Nasdaq -1.33%.



OVERNIGHT U.S. STOCK MOVERS
  • Home Depot (HD -2.53%) reported Q4 EPS of 67 cents ex-items, which was better than the consensus of 64 cents. The home-improvement retailer benefited in Q4 from home repairs after Hurricane Sandy. Home Depot also said it planned to repurchase $17 billion in stock by the end of fiscal 2015.
  • United Natural Foods (UNFI -3.02%) reported Q2 EPS of 46 cents, below the consensus of 50 cents.
  • Tenet Healthcare (THC -4.27%) reported Q4 EPS from continuing operations at 52 cents, below the consensus of 68 cents.
  • Trina Solar (TSL -4.28%) reported Q4 EPS loss of $1.23, larger than the expected 82 cent loss.
  • AutoZone (AZO -1.73%) reported Q2 EPS of $4.78, slightly above the consensus of $4.76.
  • ONEOK (OKE -2.55%) reported Q4 EPS of 53 cents, well above the consensus of 45 cents.
  • Autodesk (ADSK -3.40%) reported Q4 EPS of 53 cents, above the consensus of 49 cents.

MARKET COMMENTS
March 10-year T-notes (ZNH13 +0.09%) this morning are up 6 ticks on further safe-haven buying on the Italian election results and little hope for averting Friday's U.S. sequester. March 10-year T-note prices on Monday rallied very sharply on short-covering and increased safe-haven demand with the anti-austerity Italian election results and with all indications that Friday’s sequester will go into effect. Closes: TYH3 +19, FVH3 +7.75.
The dollar index (DXY00 +0.06%) this morning is up +0.10 points (+0.12%) on some increased safe-haven demand as the European stock markets fall sharply and peripheral bond yields rise. EUR/USD (^EURUSD) is up +0.0018 (+0.14%) and USD/JPY (^USDJPY) is up +0.18 (+0.20%). The dollar index on Monday posted a new 6-month high and closed mildly higher on increased safe-haven demand. EUR/USD saw weakness on the anti-austerity vote in Italy, which may mean the return of the Eurozone debt crisis if the new Italian government backslides on fiscal progress and once again loses investor confidence. USD/JPY rallied sharply and the yen fell sharply on widespread reports that PM Abe will choose Haruhiko Kuroda as the new BOJ chief, which would quickly lead to more aggressive BOJ action. Closes: Dollar index +0.19 (+0.23%), EUR/USD -0.0131 (-0.99%), USD/JPY -1.60 (-1.71%).
April WTI crude oil (CLJ13 -0.74%) this morning is down -0.67 (-0.72%) as the market is expecting a 2.5 million barrel increase in Wednesday's weekly DOE inventory report. April gasoline (RBJ13 -1.47%) this morning is down -0.0475 (-1.46%) on economic concerns. Crude oil and gasoline prices closed slightly lower as global confidence declined with the muddled Italian election and the weaker-than-expected Chinese PMI index. Closes: CLJ3 -0.02 (-0.02%), RBJ3 -0.0022 (-0.07%).

GLOBAL EVENT CALENDAR02/26/2013
US0900 ETDec Case-Shiller Composite-20 expected +0.6% m/m and +6.6% y/y, Nov +0.63% m/m and +5.52% y/y. Q4 Case-Shiller HPI expected +7.0%, Q3 +3.64% y/y.
0900 ETDec FHFA home price index expected +0.6% m/m, Nov +0.6% m/m.
1000 ETFeb Richmond Fed manufacturing index expected +8.0 to -3.0, Jan -17.0 to -12.0.
1000 ETFeb U.S. consumer confidence (Conference Board) expected +3.4 to 62.0, Jan -8.1 to 58.6.
1000 ETJan U.S. new home sales expected +3.0% to 380,000, Dec -7.3% to 369,000.
1000 ETFed Chairman Ben Bernanke delivers semi-annual testimony on monetary policy to Senate Banking Committee.
1300 ETTreasury auction of $35 billion in 5-year T-notes.
1630 ETAPI weekly U.S. oil statistics.
UK0600 ETU.K. Feb CBI reported sales expected 16, Jan 17.
JPN0000 ETJapan Feb small business confidence, Jan 44.3.
1950 ETJapan Jan retail trade expected +0.8% m/m and -1.6% y/y, Dec unchanged m/m and +0.3% y/y. Jan larger retailer sales expected -0.8% y/y, Dec +0.1% y/y.

U.S. STOCK CALENDAR02/26/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
Newfield Exploration CoNFX3:00Roadshow
Tenet Healthcare CorpTHCBef-mktQ4 2012 Earnings ReleaseQ4 20120.671
AutoZone IncAZOBef-mktQ2 2013 Earnings ReleaseQ2 20134.756
Ecolab IncECLBef-mktQ4 2012 Earnings ReleaseQ4 20120.889
Expeditors International of Washington IncEXPDBef-mktQ4 2012 Earnings ReleaseQ4 20120.431
MetroPCS Communications IncPCS6:00Q4 2012 Earnings ReleaseQ4 20120.09
Home Depot Inc/TheHD6:00Q4 2013 Earnings ReleaseQ4 20130.644
American Tower CorpAMT7:00Q4 2012 Earnings ReleaseQ4 20120.77
Darden Restaurants IncDRI8:00Analyst and Investor Meeting - Day 2Y 2013
Macy's IncM8:00Q4 2013 Earnings ReleaseQ4 20131.99
Delphi Automotive PLCDLPH8:00Investor DayY 2013
JPMorgan Chase & CoJPM8:30Investor DayY 2013
American Tower CorpAMT8:30Q4 2012 Earnings CallQ4 2012
Health Care REIT IncHCN9:00Q4 2012 Earnings CallQ4 2012
MetroPCS Communications IncPCS9:00Q4 2012 Earnings CallQ4 2012
Sempra EnergySRE9:00Q4 2012 Earnings ReleaseQ4 20120.961
Home Depot Inc/TheHD9:00Q4 2013 Earnings CallQ4 2013
Tenet Healthcare CorpTHC10:00Q4 2012 Earnings CallQ4 2012
AutoZone IncAZO10:00Q2 2013 Earnings CallQ2 2013
Juniper Networks IncJNPR10:00Analyst MeetingY 2013
Macy's IncM10:30Q4 2013 Earnings CallQ4 2013
ONEOK IncOKE11:00Q4 2012 Earnings CallQ4 2012
Ecolab IncECL13:00Q4 2012 Earnings CallQ4 2012
Sempra EnergySRE13:00Q4 2012 Earnings CallQ4 2012
First Solar IncFSLR16:30Q4 2012 Earnings CallQ4 2012
priceline.com IncPCLN16:30Q4 2012 Earnings CallQ4 2012
Edison InternationalEIX17:00Q4 2012 Earnings CallQ4 2012
Edison InternationalEIXAft-mktQ4 2012 Earnings ReleaseQ4 20121.046
First Solar IncFSLRAft-mktQ4 2012 Earnings ReleaseQ4 20121.767
Vornado Realty TrustVNOAft-mktQ4 2012 Earnings ReleaseQ4 20121.077
priceline.com IncPCLNAft-mktQ4 2012 Earnings ReleaseQ4 20126.533
Range Resources CorpRRCAft-mktQ4 2012 Earnings ReleaseQ4 20120.29