Omega Protein - Chart of the Day

Omega Protein (OME) is the Barchart Chart of the Day.  The nutritional products company has a Trend Spotter buy signal, a Weighted Alpha of 58.40+ and gained 69.69% in the last year.

The Chart of the Day belongs to Omega Protein (OME).  I found the nutritional products stock by using Barchart to sort the Russell 3000 Index stocks first for the mots frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 6/30 the stock gained 22.46%.

 Omega Protein Corporation, headquartered in Houston, is one of the nation's leading producers of edible fish oil, which is high in nutritionally desirable Omega-3 fatty acids and is used in a variety of food products. Omega Protein also produces specialty fish meals for use in livestock feeds, and fish solubles which are used as an organic fertilizer and in other applications. 

Omega Protein Corporation, headquartered in Houston, is one of the nation's leading producers of edible fish oil, which is high in nutritionally desirable Omega-3 fatty acids and is used in a variety of food products. Omega Protein also produces specialty fish meals for use in livestock feeds, and fish solubles which are used as an organic fertilizer and in other applications. 

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 22.60% in the last month
• Relative Strength Index 88.80%
• Technical support level at 22.73
• Recently traded at 24.57 with a 50 day moving average of 20.45

Fundamental factors:

• Market Cap $544.34 million
• P/E 13.03
• Revenue expected to grow 5.70% this year and another 2.60% next year
• Earnings estimated to increase 18.00% this year, an additional 7.90% next year and continue to increase at an annual rate of 8.00% for the next 5 years
• Wall Street analysts issued 1 strong buy and 1 hold recommendation on the stock

MORNING CALL 3/10

MORNING CALL

Thursday, March 10th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH16 +0.44%) are up +0.29% and European stocks are up +0.14% as the markets await the ECB's decision today on possible additional stimulus measures. The markets are expecting at least an interest rate cut by the ECB today and or an expansion of its quantitative easing. Weakness in crude oil and metals undercut energy and raw-material producing stocks, while an unexpected decline in German Jan exports pressured European stocks. Asian stocks settled mixed: Japan +1.26%, Hong Kong -0.06%, China -2.02%, Taiwan +0.31%, Australia -0.14%, Singapore -0.05%, South Korea +0.96%, India -0.69%. China's Shanghai Composite closed down over 2% after Chinese consumer prices rose at the fastest pace in 19 months, which may limit further stimulus measures by the government.

The dollar index (DXY00 +0.14%) is up +0.20%. EUR/USD (^EURUSD)is down -0.21%. USD/JPY (^USDJPY) is up +0.26%.

Jun T-note prices (ZNM16 +0.15%) are up +7 ticks.

The German Jan trade balance shrank to a surplus of 13.6 billion euros, less than expectations of +17.0 billion euros and the smallest surplus in 17 months. Jan exports unexpectedly fell -0.5% m/m, weaker than of +0.8% m/m. Jan imports rose +1.2% m/m, stronger than expectations of +0.8% m/m.

China Feb CPI rose +2.3% y/y, stronger than expectations of +1.8% y/y and the fastest pace of increase in 19 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected -3,000 to 275,000, previous +6,000 to 278,000) and continuing claims (expected -7,000 to 2.250 million, previous +3,000 to 2.257 million), (2) the Treasury's auction of $12 billion of 30-year T-bonds, and (3) Feb monthly budget statement (expected -$196.3 billion, Jan +$55.163 billion).

There are 5 of the Russell 1000 companies that report earnings today: Dollar General (consensus $1.26), Care Capital Properties (0.79), Four Corners Property Trust (0.45), VeriFone Systems (0.46), Ulta Salon (1.54).

U.S. IPO's scheduled to price today: Biolight Life Sciences (BOLT).

Equity conferences this week include: UBS Global Consumer Conference on Wed-Thu, JPMorgan Chase & Co., Inc Aviation, Transportation and Industrials Conference on Tue-Thu, J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on Thu.

OVERNIGHT U.S. STOCK MOVERS

Expedia (EXPE +0.79%) was upgraded to 'Overweight' from 'Neutral' at Piper Jaffray with a 12-month price target of $140.

Sally Beauty Holdings (SBH +0.03%) was downgraded to 'Neutral' from 'Overweight' at Piper Jaffray with a 12-month price target of $31.

Royal Bank of Scotland Group PLC (RBS +0.46%) was downgraded to 'Market Perform' from 'Outperform' at Bernstein.

Ryerson Holding (RYI +0.22%) reported Q4 sales of $668.8 million, below consensus of $711.4 million.

American Eagle Outfitters (AEO +1.13%) lost nearly 2% in after-hours trading after it announced that CFO Mary Boland plans to retire April 1 and Chief Accounting Officer Scott Hurd will be interim CFO.

B&G Foods (BGS -0.54%) fell over 2% in after-hours trading after it announced a public offering of 4 million shares of its common stock.

Square (SQ +4.79%) rose nearly 2% in after-hours trading after it reported Q4 revenue of $374.4 million, higher than consensus of $344.7 million.

Box Inc. (BOX +3.73%) jumped over 10% in after-hours trading after it said it sees Q1 revenue of $88 million-$89 million, above consensus of $86.4 million, and then said it sees a fiscal 2017 adjusted loss of -83 cents to -85 cents, narrower than consensus of a loss of -90 cents.

Gulfport Energy (GPOR +4.01%) slid over 2% in after-hours trading after it announced a public offering of 14 million shares of its common stock.

Spectrum Pharmaceuticals (SPPI -1.18%) gained nearly 3% in after-hours trading after it reported a Q4 loss of -6 cents a share, a smaller loss than consensus of -18 cents.

Nasdaq (NDAQ +0.77%) agreed to buy International Securities Exchange from Deutsche Borse for $1.1 billion.

Sunrun (RUN -0.45%) climbed 3% in after-hours trading after it was rated a new 'Buy' at Deutsche Bank with a price target of $15.

Omega Protein (OME +6.46%) slumped over 20% in after-hours trading after it reported Q4 adjusted EPS of 29 cents, well below consensus of 53 cents.

Energy XXI Ltd. (EXXI +12.50%) plunged over 30% in after-hours trading when it said it may seek Chapter 11 bankruptcy protection as soon as next week.

MARKET COMMENTS

Mar E-mini S&Ps (ESH16 +0.44%) this morning are up +5.75 points (+0.29%). Wednesday's closes: S&P 500 +0.51%, Dow Jones +0.21%, Nasdaq +0.65%. The S&P on Wednesday closed higher on strength in energy producers with the rally in crude oil and on expectations that the ECB on Thursday will expand stimulus measures in an attempt to bolster economic growth. Stocks were undercut by news that the Jan wholesale inventory-to-sales ratio rose to a 6-3/4 year high of 1.35 months, which is a sign of tepid demand that is causing an unwanted buildup of inventories.

Jun 10-year T-notes (ZNM16 +0.15%) this morning are up +7 ticks. Wednesday's closes: TYM6 -14.00, FVM6 -51.75. Jun T-notes on Wednesday closed lower on reduced safe-haven demand for T-notes and on carryover weakness from a slide in German bund prices to a 2-week low.

The dollar index (DXY00 +0.14%) this morning is up +0.198 (+0.20%). EUR/USD (^EURUSD) is down -0.0023 (-0.21%). USD/JPY (^USDJPY) is up +0.30 (+0.26%). Wednesday's closes: Dollar Index -0.036 (-0.04%), EUR/USD -0.0012 (-0.11%), USD/JPY +0.73 (+0.65%). The dollar index on Wednesday closed lower on strength in the Canadian dollar (which climbed to a 3-3/4 month high against the dollar) and in the Russian ruble (which rose to a 2-1/2 month high against the dollar) as a rally in crude oil supported the currencies of crude-exporting countries. In addition, EUR/USD showed strength on short-covering ahead of Thursday's ECB meeting.

Apr WTI crude (CLJ16 -0.08%) this morning is down -11 cents (-0.29%) and Apr gasoline (RBJ16 +0.01%) is down -0.0077 (-0.52%). Wednesday's closes: CLJ6 +1.79 (+4.90%), RBJ6 +0.0827 (+5.96%). Apr crude and gasoline on Wednesday closed higher with Apr gasoline at a 4-month nearest-futures high. Crude oil prices were boosted by a weaker dollar and by the -4.53 million bbl drop in weekly EIA gasoline supplies (vs. expectations of-1.5million bbl). Crude oil prices were undercut by the rise in EIA crude stockpiles by +3.88 million bbl to a record high 521.8 million bbl and by the rise in oil inventories at Cushing, OK, the delivery point for WTI futures, by +690,000 bbl to a record 66.9 million bbl.

GLOBAL EVENT CALENDAR03/10/2016

US	0830 ET	Weekly initial unemployment claims expected -3,000 to 275,000, previous +6,000 to 278,000. Weekly continuing claims expected-7,000 to 2.250 million, previous +3,000 to 2.257 million.
	0830 ET	USDA weekly Export Sales.
	1100 ET	Treasury announces amount of 10-year TIPS to be auctioned Mar 17 (previous $15 billion).
	1300 ET	Treasury auctions $12 billion 30-year T-bonds.
	1400 ET	Feb monthly budget statement expected -$196.3 billion, Jan +$55.163 billion.
GER	0200 ET	German Jan trade balance expected +17.0 billion euros, Dec +19.0 billion euros. Jan exports expected +0.8% m/m, Dec -1.4% m/m. Jan imports expected +0.8% m/m, Dec -1.6% m/m.
	0200 ET	German Jan current account balance, Dec +25.6 billion euros.
	0200 ET	German Q4 labor costs, Q3 unch q/q and +2.4% y/y.
EUR	0745 ET	ECB announces interest rate decision expected -10 bp cut in deposit facility rate to -0.4% from -0.3%.
	0830 ET	ECB President Mario Draghi holds press conference following ECB meeting.
JPN	1850 ET	Japan Q1 BSI all-industry business conditions, Q4 4.6.

U.S. STOCK CALENDAR03/10/2016

Company	Ticker	Time	Event Description	Period	Estimate
Dollar General Corp	DG US	Bef-mkt	Q4 2016 Earnings Release	Q4 2016	1.261
Care Capital Properties Inc	CCP US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.787
Four Corners Property Trust Inc	FCPT US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.445
Armstrong World Industries Inc	AWI US	8:00	Investor Meeting	Y 2016
Western Union Co/The	WU US	8:30	Investor Day	Y 2016
Genpact Ltd	G US	9:00	Analyst & Investor Day	Y 2016
Dollar General Corp	DG US	10:00	Q4 2016 Earnings Call	Q4 2016
Tahoe Resources Inc	THO CN	10:00	Q4 2015 Earnings Call	Q4 2015
Care Capital Properties Inc	CCP US	10:00	Q4 2015 Earnings Call	Q4 2015
Applied Materials Inc	AMAT US	13:00	Annual General Meeting	Y 2016
American Express Co	AXP US	13:30	Investor Day	Y 2016
United Technologies Corp	UTX US	14:00	Investor and Analyst Meeting	Y 2016
F5 Networks Inc	FFIV US	14:00	Annual General Meeting	Y 2016
Four Corners Property Trust Inc	FCPT US	14:00	Q4 2015 Earnings Call	Q4 2015
VeriFone Systems Inc	PAY US	16:01	Q1 2016 Earnings Release	Q1 2016	0.461
VeriFone Systems Inc	PAY US	16:30	Q1 2016 Earnings Call	Q1 2016
Ulta Salon Cosmetics & Fragrance Inc	ULTA US	17:00	Q4 2016 Earnings Call	Q4 2016
Ulta Salon Cosmetics & Fragrance Inc	ULTA US	Aft-mkt	Q4 2016 Earnings Release	Q4 2016	1.535
Cabot Corp	CBT US		Annual General Meeting
Equifax Inc	EFX US		Investor Meeting - Boston	Y 2016
National Fuel Gas Co	NFG US		Annual General Meeting
Xcel Energy Inc	XEL US		Investor Meeting - Day 2	Y 2016

Omega Protein - Chart of the Day

Omega Protein (OME) is the Barchart Chart of the Day.  The fish oil supplement company has a Trend Spotter buy signal, a Weighted Alpha of 71.00+ and gained 37.95% in the last year.

The Chart of the Day belongs to Omega Protein (OME).  I found the fish oil supplement stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of 50.00+ or more, then for technical buy signals of 80% or better and a 50-100 Day MACD Oscillator buy signal.  Lastly I always use the  Flipchart feature to review the charts.  That filtering reduced 3000 stock down to the best 77.  Since the Trend Spotter signaled a buy on 9/18 the stock gained 12.84%

Omega Protein Corporation, headquartered in Houston, is one of the nation's leading producers of edible fish oil, which is high in nutritionally desirable Omega-3 fatty acids and is used in a variety of food products. Omega Protein also produces specialty fish meals for use in livestock feeds, and fish solubles which are used as an organic fertilizer and in other applications. 

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.

Barchart technical indicators:

• 100% Barchart technical buy signals
• 71.00+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 9.85% in the last month
• Relative Strength Index 63.49%
• Barchart computes a technical support level at 16.65
• Recently traded at 19.54 with  50 day moving average of 17.24

Fundamental factors:

• Market Cap $424.19 million
• P/E 18.76
• Revenue expected to grow 19.40% this year and another 10.00% next year
• Earnings estimated to decrease .80% this year but increase again by 24.40% next year and continue to compound at an annual rate of 8.00% for the next 5 years
• Wall Street analysts issued 3 strong buy and 1 hold recommendation on the stock
• The individual investors on Motley Fool voted 131 to 12 that the stock will beat the market

The 50-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.