Showing posts with label NVDA. Show all posts

Monday, November 27, 2017

5 Double Digit Growth Stocks

Today I wanted to find 5 great growth stocks. I used a list of stock analysts estimated would have growth in both revenue and earning of at least 10% for the next 5 years. I used Barchart to sort the stocks first by the highest Weighted Alpha, then again for technical buy signals of 80% or more. I always use the Flipchart feature to review the charts for consistent price appreciation. Today's Watch List includes:

Align Technologies (ALGN), IPG Photonics (IPGP), Cognex (CGNX), Nvidia (NVDA), Pinnacle Entertainment (PNK)

Align Technologies (ALGN)

Barchart technical indicators:

201.99+ Weighted Alpha
88% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 11.22% in the last month
Relative Strength Index 78.47%
Technical support level at 253.56
Recently traded at 262.42 with a 50 day moving average of 215.05

IPG Photonics (IPGP)

Barchart technical indicators:

163.94+ Weighted Alpha
96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 15.53% in the last month
Relative Strength Index 72.35%
Technical support level at 240.42
Recently traded at 240.70 with a 50 day moving average of 206.36

Cognex (CGNX)

Barchart technical indicators:

149.49+ Weighted Alpha
96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 14.22% in the last month
Relative Strength Index 75.88%
Technical support level at 143.58
Recently traded at 143.23 with a 50 day moving average of 124.72

Nvidia (NVDA)

Barchart technical indicators:

137.45+ Weighted Alpha
80% technical buy signals
Trend Spotter buy signals
Above its 20, 50 and 100 day moving averages
6 new highs and up 6.08% in the last month
Relative Strength Index 60.96%
Technical support level at 215.37
Recently traded at 214.14 with a 50 day moving average of 196.82

Pinnacle Entertainment (PNK)

Barchart technical indicators:

121.71+ Weighted Alpha
96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 15.10% in the last month
Relative Strength Index 78.45%
Technical support level at 28.74
Recently traded at 29.35 with a 50 day moving average of 24.80

Monday, November 13, 2017

Morning Call 11/13

Barchart Morning Call

Barchart.com - 25 minutes ago

OVERNIGHT MARKETS AND NEWS

Dec E-mini S&Ps (ESZ17 -0.24%) this morning are down -0.15% on long liquidation spurred on by market doubts over the trajectory of U.S. tax reform. European stocks are down -0.37% at a 2-week low after Kepler Cheuvreux downgraded European equities to 'Underweight' from perspective of international allocation. Asian stocks settled mostly lower: Japan -1.32%, Hong Kong +0.21%, China +0.44%, Taiwan -0.45%, Australia -0.13%, Singapore -0.03%, South Korea -0.49%, India -0.84%. China's Shanghai Composite rose to a new 1-3/4 year high, led by a rally in bank stocks. China 10-year note yield jumped to a 3-year high of 3.98% on signs the government's attempt to reduce leverage is working after China Oct aggregate financing, the broadest measure of credit growth, rose by a less-than-expected 1.04 trillion yuan, the smallest increase in a year.

The dollar index (DXY00 +0.13%) is up +0.16%. EUR/USD (^EURUSD) is down -0.09%. USD/JPY (^USDJPY) is down -0.16%.

Dec 10-year T-note prices (ZNZ17 +0.13%) are up +5 ticks.

Philadelphia Fed President Harker said he's looking for another Fed rate hike this year and that the balance sheet unwind will be "boring." He added that he would be more confident with three rate hikes next year if underlying inflation picks up above 2%.

ECB Vice President Constancio said "the Eurozone economy is experiencing a broad-based, robust and resilient recovery, but we know that this process still relies significantly on our monetary policy support."

China Oct new yuan loans were +663.2 billion yuan, weaker than expectations of +783.0 billion yuan and the least amount of new loans in a year. Oct aggregate financing increase 1.04 trillion yuan, weaker than expectations of 1.10 trillion yuan and the smallest increase in a year.

Japan Oct PPI of +0.3% m/m and +3.4% y/y was stronger than expectations of +0.1% m/m and +3.1% y/y with the +3.4% y/y gain the sharpest year-on-year increase in 3 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Oct monthly budget statement (expected -$58.0 billion, Sep +$8.0 billion), (2) USDA weekly grain export inspections, (3) USDA crop conditions and progress report.

Notable Russell 2000 earnings reports today include: Tyson Foods (1.36).

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

Equity conferences during the remainder of this week: UBS Global Technology Conference on Mon-Tue, J.P. Morgan Ultimate Services Investor Conference on Tue, NAREIT REITWorld Convention on Tue, Stifel Nicolaus Health Care Conference on Tue, Bank of America Merrill Lynch Future of Financials Conference on Tue-Wed, Goldman Sachs Industrials Conference on Tue-Wed, Morgan Stanley Global Consumer & Retail Conference on Tue-Wed, Barclays Global Automotive Conference on Wed, MoffettNathanson Inaugural Software Forum on Wed, Morgan Stanley Global Chemicals and Agriculture Conference on Wed, UBS Industrial and Transportation Conference on Wed, Universal Companion Diagnostic Test Personalized Medicine Conference on Wed, Jefferies London Health Care Conference on Wed-Thu, Morgan Stanley European Technology, Media & Telecom Conference on Wed-Thu, Deutsche Bank Lithium Supply Chain and Energy Storage Conference on Thu, MKM Partners Entertainment, Travel & Technology Conference on Thu, Bank of America Merrill Lynch Global Energy Conference on Thu-Fri, Gabelli & Co Financial Services Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

General Electric (GE +2.50%) said it will cut its quarterly dividend by 50% to 12 cents a share from 24 cents a share.

Equifax (EFX -0.19%) was downgraded to 'Hold' from 'Buy' at Stifel.

Time Warner (TWX +4.08%) was upgraded to 'Buy' from 'Neutral' at Rosenblatt Securities with a price target of $103.

MercadoLibre (MELI +1.67%) was downgraded to 'Sell' from 'Fairly Valued' at Nau Securities with a price target of $240.

TD Ameritrade (AMTD +0.99%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank.

Nvidia (NVDA +5.27%) was upgraded to 'Market Perform' from 'Underperform' at BMO Capital Markets.

Autodesk (ADSK +0.58%) was upgraded to 'Buy' from 'Neutral' at Guggenheim Securities with a price target of $150.

Exact Sciences (EXAS +2.01%) was downgraded to 'Neutral' from 'Outperform' with a price target of $56.

JM Smucker (SJM +1.48%) was upgraded to 'Positive' from 'Neutral' at Susquehanna Financial with a price target of $127.

Mattel (MAT +4.95%) surged over 20% in pre-market trading after the WSJ reported Hasbro has discussed an acquisition of Mattel. Hasbro (HAS +3.11%) moved up nearly 3% on the news.

MARKET COMMENTS

Dec S&P 500 E-mini stock futures (ESZ17 -0.24%) this morning are down -3.75 points (-0.15%). Friday's closes: S&P 500 -0.09%, Dow Jones -0.17%, Nasdaq -0.05%. The S&P 500 on Friday closed lower on long liquidation in stocks fueled by pessimism U.S. legislators will be able to pass tax reform legislation after the Senate revealed Thursday that its tax plan would delay corporate tax cuts until 2019. Stocks were also undercut by the unexpected -2.9 point decline in the U.S. Nov University of Michigan consumer sentiment index to 97.8 (weaker than expectations of +0.1 to 100.8) and by interest rate concerns as the 10-year T-note yield rose to a 2-week high on hawkish comments from San Francisco Fed President Williams who said he expects a Fed rate hike at next month's FOMC meeting and three more rate hikes next year.

Dec 10-year T-note prices (ZNZ17 +0.13%) this morning are up +5 ticks. Friday's closes: TYZ7 -15.50, FVZ7 -6.75. Dec 10-year T-notes on Friday dropped to a 2-week low and closed lower on negative carry-over from a fall in 10-year German bunds to a 2-week low and on hawkish comments from San Francisco Fed President Williams who said he expects a Fed rate hike at next month's FOMC meeting and three more next year. T-note prices were also undercut by increased inflation expectations after the 10-year T-note breakeven inflation expectations rate rose to a 6-month high.

The dollar index (DXY00 +0.13%) this morning is up +0.155 (+0.16%). EUR/USD (^EURUSD) is down -0.0010 (-0.09%) and USD/JPY (^USDJPY) is down -0.18 (-0.16%). Friday's closes: Dollar Index -0.053 (-0.06%), EUR/USD +0.0023 (+0.20%), USD/JPY +0.06 (+0.05%). The dollar index on Friday fell to a 2-week low and closed lower on the unexpected decline in the U.S. Nov University of Michigan consumer sentiment and on strength in GBP/USD which rose to a 1-week high after UK Sep industrial production and manufacturing production rose more than expected, which was hawkish for BOE monetary policy.

Dec crude oil (CLZ17 +0.14%) this morning is up +13 cents (+0.23%) and Dec gasoline (RBZ17 +0.58%) is up +0.0125 (+0.69%). Friday's closes: Dec WTI crude -0.43 (-0.75%), Dec gasoline -0.0073 (-0.40%). Dec crude oil and gasoline on Friday closed lower on weakness in stocks, which undercuts optimism in the economic outlook and energy demand, and on the 9-rig increase in U.S. active oil rigs in the week ended Nov 10 to 738 rigs, which may lead to stronger future U.S. crude output.

Metals prices this morning are higher with Dec gold (GCZ17 +0.36%) +4.7 (+0.37%), Dec silver (SIZ17 +0.02%) +0.014 (+0.08%) and Dec copper (HGZ17 +0.08%) +0.009 (+0.29%). Friday's closes: Dec gold -13.3 (-1.03%), Dec silver -0.104(-0.61%), Dec copper -0.0100 (-0.32%). Metals on Friday closed lower on hawkish comments from San Francisco Fed President Williams who said he expects a Fed rate hike next month and three more rate hikes next year and on the +18.198 MT increase in weekly Shanghai copper inventories to 145,471, a 7-week high.

GLOBAL EVENT CALENDAR11/13/2017

		Monday, Nov 13
US	1100 ET	USDA weekly grain export inspections.
	1400 ET	Oct monthly budget statement expected -$50.0 billion, Sep +$8.0 billion.
	1600 ET	USDA crop conditions and progress report.
		Tuesday, Nov 14
US	0305 ET	Chicago Fed President Charles Evans (voter) takes part in a panel discussion at an ECB conference in Frankfurt on Communications Challenges for Policy Effectiveness, Accountability and Reputations.
	0500 ET	Fed Chair Janet Yellen takes part in a ECB panel discussion on Challenges and Opportunities of Central Bank Communication with ECB President Mario Draghi, BOJ Governor Haruhiko Kuroda and BOE Governor Mark Carney.
	0830 ET	Oct PPI final demand expected +0.1% m/m and +2.3% y/y, Sep +0.4% m/m and +2.6% y/y. Oct PPI ex food & energy expected +0.2% m/m and +2.2% y/y, Sep +0.4% m/m and +2.2% y/y.
	1305 ET	Atlanta Fed President Raphael Bostic (non-voter) speaks on the economic outlook and monetary policy at a forum in Montgomery, Alabama.

U.S. STOCK CALENDAR11/13/2017

Name	Ticker	Time	Description	Period
Equifax Inc	EFX US	08:30	Q3 2017 Earnings Call	Q3 17
WW Grainger Inc	GWW US	10:00	Annual General Meeting
WW Grainger Inc	GWW US	10:00	Analyst Meeting
Rayonier Inc	RYN US	10:30	Investor Day
Humana Inc	HUM US		Investor Meeting
Maxim Integrated Products Inc	MXIM US	13:00	Annual General Meeting

Friday, November 10, 2017

MORNING CALL 11/10

Barchart Morning Call

Barchart.com - Fri Nov 10, 6:38AM CST

OVERNIGHT MARKETS AND NEWS

Dec E-mini S&Ps (ESZ17 -0.38%) this morning are down -0.38% on pessimism U.S. legislators will be able to pass tax reform legislation after the Senate revealed Thursday that its tax plan would delay corporate tax cuts until 2019. The U.S. stock market has rallied sharply this year on expectations meaningful tax cuts would be implemented this year. European stocks are down -0.22% at a 2-week low as they followed U.S. stock indexes lower. Asian stocks settled mostly lower: Japan -0.82%, Hong Kong -0.05%, China +0.14%, Taiwan 0.10%, Australia -0.33%, Singapore -0.11%, South Korea -0.35%, India +0.19%. China's Shanghai Composite bucked the negative trend and rallied to a 1-3/4 year high, led by strength in financial stocks, after the government eased foreign ownership caps on banks and other financial companies.

The dollar index (DXY00 +0.05%) is up +0.09%. EUR/USD (^EURUSD) is up +0.03%. USD/JPY (^USDJPY) is down -0.01%.

Dec 10-year T-note prices (ZNZ17 -0.24%) are down -8.5 ticks at a 1-week low on hawkish comments from San Francisco Fed President Williams who expects a Fed rate hike next month and three more rate hikes next year.

San Francisco Fed President Williams said he expects a Fed rate hike at the Dec FOMC meeting and three more rate hikes in 2018 to return the fed funds rate to "a normal level" of about 2.5%.

UK Sep industrial production rose +0.7% m/m, stronger than expectations of +0.3% m/m and the largest increase in 7 months.

UK Sep manufacturing production rose +0.7% m/m, stronger than expectations of +0.3% m/m and the largest increase in 9 months.

UK Sep construction output fell -1.6% m/m, weaker than expectations of -0.9% m/m and the biggest decline in 1-1/2 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) U.S. Nov University of Michigan consumer sentiment expected +0.2 to 100.9, Oct +5.6 to 100.7.

Notable Russell 2000 earnings reports today include: none.

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

Equity conferences during the remainder of this week: none.

OVERNIGHT U.S. STOCK MOVERS

Macy's (M +10.98%) was downgraded to 'Short' from no position at Evercore ISI.

Walt Disney (DIS +1.48%) gained over 1% in after-hours trading after it said in a conference call that it is making another trilogy of 'Star Wars' movies to be released after 2020.

Trade Desk (TTD -3.84%) tumbled 11% in after-hours trading after it said it sees Q4 revenue of $101.0 million, below consensus of $101.8 million.

Nvidia (NVDA -1.84%) gained almost 2% in after-hours trading after it reported Q3 revenue of $2.64 billion, higher than consensus of $2.36 billion, and then said it sees Q4 revenue of $2.65 billion plus or minus 2%, better than consensus of $2.44 billion.

Redfin (RDFN +6.91%) fell nearly 7% in after-hours trading after it reported Q3 revenue of $109.5 million, below consensus of $110.7 million.

Nordstrom (JWN +4.52%) lost nearly 1% in after-hours trading after it reported Q3 gross margin of 34.7%, below consensus of 35.1%.

Ichor Holdings Ltd (ICHR -2.07%) dropped over 4% in after-hours trading after it announced that it acquired Talon Innovations in a stock purchase agreement for $130 million.

Hertz Global Holdings (HTZ -4.67%) climbed 7% in after-hours trading after it reported Q3 adjusted EPS of $1.42, better than consensus of $1.33.

Intrexon (XON +0.51%) fell 3% in after-hours trading after it reported Q3 revenue of $46 million, weaker than consensus of $55.1 million.

Dynavax Technologies (DVAX -3.84%) rallied 14% in after-hours trading after the FDA approved its Heplisav-B vaccine for prevention of infection caused by hepatitis B in adults.

Airgain (AIR -0.62%) dropped 6% in after-hours trading after it reported Q3 adjusted EPS of 5 cents, below consensus of 7 cents.

Immunomedics (IMMU +3.06%) jumped over 8% in after-hours trading after the company appointed former president of hematology and oncology at Celgene, Michael Pehl, as CEO.

Lightpath Technologies (LPTH +0.81%) tumbled 14% in after-hours trading after it reported Q1 revenue of $7.6 million, below consensus of $8.4 million.

MARKET COMMENTS

Dec S&P 500 E-mini stock futures (ESZ17 -0.38%) this morning are down -9.75 points (-0.38%). Thursday's closes: S&P 500 -0.38%, Dow Jones -0.43%, Nasdaq -0.53%. The S&P 500 on Thursday closed lower on negative carry-over from a decline foreign equity markets after the Nikkei Stock Index retreated from a 25-3/4 year high and closed lower and after Euro Stoxx 50 fell to a 2-week low. There was also disappointment in the stock market after the Senate revealed that its tax plan would delay cutting corporate taxes until 2019.

Dec 10-year T-note prices (ZNZ17 -0.24%) this morning are down -8.5 ticks at a 1-week low. Thursday's closes: TYZ7 -2.00, FVZ7 +0.50. Dec 10-year T-notes on Thursday closed lower on negative carry-over from a slide in 10-year German bunds to a 1-week low after the European Commission raised its Eurozone 2017 and 2018 GDP estimates, which was hawkish for ECB monetary policy. T-note prices were also undercut by increased inflation expectations after the 10-year T-note breakeven inflation rate rose to a 1-1/2 week high. Losses were limited as the slide in stocks boosted the safe-haven demand for T-notes.

The dollar index (DXY00 +0.05%) this morning is up +0.081 (+0.09%). EUR/USD (^EURUSD) is up +0.0003 (+0.03%) and USD/JPY (^USDJPY) is down -0.01 (-0.01%). Thursday's closes: Dollar Index -0.422 (-0.44%), EUR/USD +0.0047 (+0.41%), USD/JPY -0.40 (-0.35%). The dollar index on Thursday closed lower on the slide in USD/JPY to a 1-week low as the decline in global stocks boosted the safe-haven demand for the yen. The dollar was also undercut by strength in EUR/USD after the European Commission raised its Eurozone GDP forecast. The dollar was also hurt by disappointment in the Senate's tax plan, which delays a corporate tax cut until 2019.

Dec crude oil (CLZ17 -0.10%) this morning is down -3 cents (-0.05%) and Dec gasoline (RBZ17 -0.04%) is +0.0003 (+0.02%). Thursday's closes: Dec WTI crude +0.36 (+0.63%), Dec gasoline -0.0016 (-0.09%). Dec crude oil and gasoline on Thursday settled mixed. Crude oil prices were boosted by a weaker dollar and the European Commission's hike in its Eurozone 2017 GDP estimate, which is positive for energy demand. Gasoline closed lower after the crack spread moved lower, which may curb refinery demand for crude oil to refine into gasoline.

Metals prices this morning are mixed with Dec gold (GCZ17 -0.19%) -3.3 (-0.26%), Dec silver (SIZ17 +0.32%) +0.020 (+0.12%) and Dec copper (HGZ17 +0.21%) +0.002 (+0.05%). Thursday's closes: Dec gold +7.9 (+0.62%), Dec silver -0.163(-0.95%), Dec copper -0.0135 (-0.44%). Metals on Thursday settled mixed with Dec copper at a 4-week low. Metals prices were supported by a weaker dollar and by the selloff in global stocks that boosted safe-haven demand for precious metals. Copper closed lower on Chinese demand concerns after Chinese customs data on Tuesday showed China Oct copper imports fell -23% m/m to 330,000 MT.

GLOBAL EVENT CALENDAR11/10/2017

		Friday, Nov 10
US	1000 ET	U.S. Nov University of Michigan consumer sentiment expected +0.2 to 100.9, Oct +5.6 to 100.7.
		Monday, Nov 13
US	1100 ET	USDA weekly grain export inspections.
	1400 ET	Oct monthly budget statement expected -$50.0 billion, Sep +$8.0 billion.
	1600 ET	USDA crop conditions and progress report.

U.S. STOCK CALENDAR11/10/2017

Name	Ticker	Time	Description	Period
Equifax Inc	EFX US	08:30	Q3 2017 Earnings Call	Q3 17
WW Grainger Inc	GWW US	10:00	Annual General Meeting
WW Grainger Inc	GWW US	10:00	Analyst Meeting
Rayonier Inc	RYN US	10:30	Investor Day
Humana Inc	HUM US		Investor Meeting
Maxim Integrated Products Inc	MXIM US	13:00	Annual General Meeting

Tuesday, October 24, 2017

My 5 Favorite Growth Stocks

Common sense tells me that those companies that continue to have growth in both Revenue and Earnings will also continue to have an increase in Price. I use Value Line to find those stocks which are predicted to have at least a 10% increase in both Revenue and Earnings in the next 3 to 5 years. I then load that list into Barchart and sort first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. I always use the Fliphart feature to review the charts for consistent price appreciation. Today's Watch List includes:

Conn's (CONN), Nvidia (NVDA), Align Technology (ALGN), Cognex (CGNX) and IPG Photonics (IPGP)

Conn's (CONN)

Barchart technical indicators:

164.08+ Weighted Alpha
100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 29.82% in the last month
Relative Strength Index 69.19%
Technical support level at 26.65
Recently traded at 29.70 with a 50 day moving average of 23.10

Nvidia (NVDA)

Barchart technical indicators:

149.72+ Weighted Alpha
96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 10.36% in the last month
Relative Strength Index 73.66%
Technical support level at 195.33
Recently trade at 197.59 with a 50 day moving average of 177.11

Align Technology (ALGN)

Barchart technical indicators:

138.09+ Weighted Alpha
96% technical buy signals
Trend Spotter buy signal
Above its 2, 50 and 100 day moving averages
11 new highs and up 7.02% in the last week
Relative Strength Index 75.84%
Technical support level at 201.48
Recently traded at 202.64 with a 50 day moving average of 184.12

Cognex (CGNX)

Barchart technical indicators:

132.20+ Weighted Alpha
96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 7.89% in the last month
Relative Strength Index 70.48%
Technical support level at 121.81
Recently traded at 122.48 with a 50 day moving average of 111.51

IPG Photonics (IPGP)

Barchart technical indicators:

126.29+ Weighted Alpha
96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 11.24% in the last month
Relative Strength Index 82.20%
Technical support level at 203.48
Recently traded at 208.53 with a 50 day moving average of 182.60

#CONN #NVDA #ALGN #CGNX #IPGP

Thursday, October 19, 2017

My 5 Favorite NASDAQ 100 Stocks

This morning I wanted to find the 5 best NASDAQ 100 stocks that had the highest return in the past year, had consistent price appreciation and still looked like they had room to go. I used Barchart to sort the NASDAQ 100 Index stocks first for the highest Weighted Alpha, and then used the Flipchart feature to review the charts to find stocks trading above their 20, 50 and 100 day averages and had consistent price appreciation over the last 6 months. Today's Watch List includes:

Nvidia (NVDA), Micron Technology (MU), Lam Research (LRCX), Applied Materials (AMAT) and Autodesk (ADSK)

Nvidia (NVDA)