Showing posts with label PNFP. Show all posts
Showing posts with label PNFP. Show all posts

Wednesday, October 21, 2015

BARCHART MORNING CALL 10/21

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ15 +0.46%) are up +0.46% at a 2-month high and European stocks are up +0.65% on positive carryover from a rally in Japan's Nikkei Stock Index which climbed to a 6-week high on speculation the BOJ may need to expand QE after Japan exports last month grew at the slowest pace in over a year. Increased M&A activity also gave equities a boost after Lam Research agreed to buy KLA-Tencor Corp. for $10.6 billion. Strength in European stocks was limited as Credit Suisse fell over 5% after it said will sell 6.05 billion francs ($6.3 billion) in stock to boost capital and meet regulatory requirements. Asian stocks settled mixed: Japan +1.91%, Hong Kong closed for holiday, China -3.06%, Taiwan -0.51%, Australia +0.24%, Singapore +0.22%, South Korea +0.29%, India -0.07%. China's Shanghai Composite fell back from a 2-month high and closed down over 3% on speculation the recent rally was overdone.
The dollar index (DXY00 -0.05%) is down -0.09%. EUR/USD (^EURUSD) is up +0.12%. USD/JPY (^USDJPY) is up +0.13% at a 1-week high as speculation the BOJ may need to expand QE undercut the yen.
Dec T-note prices (ZNZ15 +0.10%) are up +5.5 ticks.
The Japan Sep trade balance was in deficit by -114.5 billion yen, when expectations were for a surplus of +87.0 billion yen. Sep exports rose +0.6% y/y, less than expectations of +3.8 % y/y and the smallest increase in 13 months. Sep imports fell -11.1% y/y, a smaller decline than expectations of -12.0% y/y, but still the biggest drop in 6 months.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -27.6% with purchase mortgage sub-index -34.1% and refi sub-index-22.5%), (2) Fed Governor Jerome Powell as moderator for a panel on “Repo Markets, Liquidity, and the U.S. Treasury Market” in an event hosted by the New York Fed.
There are 31 of the S&P 500 companies that report earnings today with notable reports including: GM (consensus $1.19), AMEX (1.31), Abbott Labs (0.53), Boeing (2.20), Coca-Cola (0.50), Northern Trust (0.96), Citrix (0.84), Texas Instruments (0.67), eBay (0.40), Kinder Morgan (0.18), Motorola Solutions (0.73).
U.S. IPO's scheduled to price today: Dimension Therapeutics (DMTX), Multi Packaging Solutions (MPSX).
Equity conferences today include: Private Wealth Latin America and The Caribbean Forum on Wed.
OVERNIGHT U.S. STOCK MOVERS
KLA-Tencor Corp. (KLAC +1.39%) surged 19% in pre-market trading after Lam Research agreed to buy the company for $10.6 billion.
Tupperware Brands (TUP +0.33%) reported Q3 adjusted EPS of 79 cents, better than consensus of 71 cents.
Coca-Cola (KO +0.71%) reported Q3 EPS of 51 cents, above consensus of 50 cents.
Twitter (TWTR unch) was downgraded to 'Underweight' from 'Equalweight' at Morgan Stanley.
Terex (TEX +5.13%) fell almost 5% in after-hours trading after it reported Q3 adjusted EPS of 58 cents, below consensus of 62 cents.
FMC Technologies (FTI +0.62%) reported Q3 adjusted EPS of 61 cents, better than consensus of 58 cents, although Q3 revenue of $1.55 billion was below consensus of $1.67 billion.
IRobot (IRBT +1.66%) fell over 5% in after-hours trading after it reported Q3 EPS of 42 cents, well above consensus of 23 cents, but then lowered guidance on fiscal 2015 sales to $610 million-$615 million from a previous forecast of $625 million-$635 million, below consensus of $628.4 million.
Discover Financial Services (DFS -0.49%) climbed nearly 1% in after-hours trading after it reported Q3 EPS of $1.38, higher than consensus of $1.33.
Chipotle Mexican Grill (CMG -1.81%) dropped over 8% in after-hours trading after it reported Q3 EPS of $4.59, less than consensus of $4.62.
Yahoo! (YHOO -2.00%) slid over 1% in after-hours trading after it reported Q3 adjusted EPS of 15 cents, weaker than consensus of 16 cents.
Rush Enterprises (RUSHA -1.21%) reported Q3 EPS of 48 cents, better than consensus of 47 cents.
Intuitive Surgical (ISRG -1.13%) jumped nearly 8% in after-hours trading after it reported Q3 adjusted EPS of $5.24, well above consensus of $4.22.
Pinnacle Financial (PNFP +2.21%) reported Q4 EPS of 66 cents, higher than consensus of 64 cents.
Packaging of America (PKG -1.20%) reported Q3 EPS of $1.26, below consensus of $1.28.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ15 +0.46%) this morning are up +9.25 points (+0.46%) at a fresh 2-month high. Tuesday's closes: S&P 500 -0.14%, Dow Jones-0.08%, Nasdaq -0.54%. The S&P 500 on Tuesday retreated from a 2-month high and closed lower on the unexpected -5.0% decline in U.S. Sep building permits to a 6-month low of 1.103 million and the reduced chances for an ECB QE expansion after the ECB's Bank Lending Survey said that Q3 credit standards eased for the sixth consecutive quarter. Stocks found support from the +1.14% rally in China's Shanghai Composite to a 1-3/4 month high and the +6.5% increase in U.S. Sep housing starts to 1.206 million, stronger than expectations of +1.4% to 1.142 million.
Dec 10-year T-notes (ZNZ15 +0.10%) this morning are up +5.5 ticks. Tuesday's closes: TYZ5 -13.00, FVZ5 -7.75. Dec T-notes on Tuesday fell to a 1-week low and closed lower on negative carryover from a slide in German bund prices to a 3-week low and on the stronger-than-expected U.S. Sep housing starts report.
The dollar index (DXY00 -0.05%) this morning is down -0.087 (-0.09%). EUR/USD (^EURUSD) is up +0.0014 (+0.12%). USD/JPY (^USDJPY) is up +0.15 (+0.13%) at a 1-week high. Tuesday's closes: Dollar Index -0.015 (-0.02%), EUR/USD +0.0019 (+0.17%), USD/JPY +0.34 (+0.28%). The dollar index on Tuesday closed lower on strength in EUR/USD after ECB Governing Council member Noyer said the ECB's current bond buying pace is "well calibrated," which signals he sees no need to expand QE, and after the ECB's Bank Lending Survey reported that Q3 credit standards on loans to companies eased for the sixth consecutive quarter.
Dec crude oil (CLZ15 -1.27%) this morning is down -58 cents (-1.25%) and Dec gasoline (RBZ15 -0.75%) is down -0.0083 (-0.64%). Tuesday's closes: CLZ5 -0.36 (-0.78%), RBZ5 +0.0132 (+1.04%). Dec crude oil and gasoline on Tuesday settled mixed. Gasoline prices found support from a weaker dollar and expectations that Wednesday's EIA report will show gasoline supplies fell -1.0 million bbl. Crude oil fell on expectations that Wednesday's weekly EIA report will show a +3.5 million bbl increase in crude inventories and a +500,000 bbl increase in Cushing crude oil stockpiles.
GLOBAL EVENT CALENDAR10/21/2015
US0700 ETWeekly MBA mortgage applications, previous -27.6% with purchase mortgage sub-index -34.1% and refi sub-index -22.5%.
1030 ETEIA Weekly Petroleum Status Report.
1330 ETFed Governor Jerome Powell moderates a panel on Repo Markets, Liquidity, and the U.S. Treasury Market in an event hosted by the New York Fed.
JPN0030 ETJapan Aug all-industry activity index expected -0.2% m/m, Jul +0.2% m/m.
UK0430 ETUK Sep public sector net borrowing expected +9.6 billion, Aug+11.3 billion pounds.
U.S. STOCK CALENDAR10/21/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Seagate Technology PLCSTX US4:30Annual General MeetingY 2015
Abbott LaboratoriesABT USBef-mktQ3 2015 Earnings ReleaseQ3 20150.534
Baker Hughes IncBHI USBef-mktQ3 2015 Earnings ReleaseQ3 2015-0.135
Boeing Co/TheBA USBef-mktQ3 2015 Earnings ReleaseQ3 20152.197
Coca-Cola Co/TheKO USBef-mktQ3 2015 Earnings ReleaseQ3 20150.502
Interpublic Group of Cos Inc/TheIPG USBef-mktQ3 2015 Earnings ReleaseQ3 20150.252
Kimberly-Clark CorpKMB USBef-mktQ3 2015 Earnings ReleaseQ3 20151.493
Thermo Fisher Scientific IncTMO USBef-mktQ3 2015 Earnings ReleaseQ3 20151.789
Biogen IncBIIB USBef-mktQ3 2015 Earnings ReleaseQ3 20153.766
Northern Trust CorpNTRS USBef-mktQ3 2015 Earnings ReleaseQ3 20150.958
Amphenol CorpAPH USBef-mktQ3 2015 Earnings ReleaseQ3 20150.653
General Motors CoGM USBef-mktQ3 2015 Earnings ReleaseQ3 20151.188
Nielsen Holdings PLCNLSN USBef-mktQ3 2015 Earnings ReleaseQ3 20150.688
EMC Corp/MAEMC US7:00Q3 2015 Earnings ReleaseQ3 20150.43
St Jude Medical IncSTJ US7:15Q3 2015 Earnings ReleaseQ3 20150.97
Illinois Tool Works IncITW US8:00Q3 2015 Earnings ReleaseQ3 20151.359
St Jude Medical IncSTJ US8:00Q3 2015 Earnings CallQ3 2015
Navient CorpNAVI US8:00Q3 2015 Earnings CallQ3 2015
Nielsen Holdings PLCNLSN US8:00Q3 2015 Earnings CallQ3 2015
EMC Corp/MAEMC US8:30Q3 2015 Earnings CallQ3 2015
Interpublic Group of Cos Inc/TheIPG US8:30Q3 2015 Earnings CallQ3 2015
Thermo Fisher Scientific IncTMO US8:30Q3 2015 Earnings CallQ3 2015
Biogen IncBIIB US8:30Q3 2015 Earnings CallQ3 2015
ACE LtdACE US8:30Q3 2015 Earnings CallQ3 2015
Abbott LaboratoriesABT US9:00Q3 2015 Earnings CallQ3 2015
FMC Technologies IncFTI US9:00Q3 2015 Earnings CallQ3 2015
Coca-Cola Co/TheKO US9:30Q3 2015 Earnings CallQ3 2015
Illinois Tool Works IncITW US10:00Q3 2015 Earnings CallQ3 2015
Kimberly-Clark CorpKMB US10:00Q3 2015 Earnings CallQ3 2015
General Motors CoGM US10:00Q3 2015 Earnings CallQ3 2015
Boeing Co/TheBA US10:30Q3 2015 Earnings CallQ3 2015
Northern Trust CorpNTRS US12:00Q3 2015 Earnings CallQ3 2015
Amphenol CorpAPH US13:00Q3 2015 Earnings CallQ3 2015
Citrix Systems IncCTXS US16:05Q3 2015 Earnings ReleaseQ3 20150.843
Robert Half International IncRHI US16:15Q3 2015 Earnings ReleaseQ3 20150.731
Texas Instruments IncTXN US16:30Q3 2015 Earnings ReleaseQ3 20150.674
Kinder Morgan Inc/DEKMI US16:30Q3 2015 Earnings CallQ3 2015
Citrix Systems IncCTXS US16:45Q3 2015 Earnings CallQ3 2015
American Express CoAXP US17:00Q3 2015 Earnings CallQ3 2015
CA IncCA US17:00Q2 2016 Earnings CallQ2 2016
Robert Half International IncRHI US17:00Q3 2015 Earnings CallQ3 2015
Lam Research CorpLRCX US17:00Q1 2016 Earnings CallC3 2016
Tractor Supply CoTSCO US17:00Q3 2015 Earnings CallQ3 2015
SanDisk CorpSNDK US17:00Q3 2015 Earnings CallQ3 2015
eBay IncEBAY US17:00Q3 2015 Earnings CallQ3 2015
American Express CoAXP USAft-mktQ3 2015 Earnings ReleaseQ3 20151.311
CA IncCA USAft-mktQ2 2016 Earnings ReleaseQ2 20160.558
Equifax IncEFX USAft-mktQ3 2015 Earnings ReleaseQ3 20151.097
Lam Research CorpLRCX USAft-mktQ1 2016 Earnings ReleaseQ1 20161.719
Tractor Supply CoTSCO USAft-mktQ3 2015 Earnings ReleaseQ3 20150.627
SanDisk CorpSNDK USAft-mktQ3 2015 Earnings ReleaseQ3 20150.798
SL Green Realty CorpSLG USAft-mktQ3 2015 Earnings ReleaseQ3 20151.567
United Rentals IncURI USAft-mktQ3 2015 Earnings ReleaseQ3 20152.355
Crown Castle International CorpCCI USAft-mktQ3 2015 Earnings ReleaseQ3 20151.046
eBay IncEBAY USAft-mktQ3 2015 Earnings ReleaseQ3 20150.401
Ameriprise Financial IncAMP USAft-mktQ3 2015 Earnings ReleaseQ3 20152.287
Kinder Morgan Inc/DEKMI USAft-mktQ3 2015 Earnings ReleaseQ3 20150.182
Texas Instruments IncTXN US17:30Q3 2015 Earnings CallQ3 2015
Motorola Solutions IncMSI USQ3 2015 Earnings ReleaseQ3 20150.725
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Friday, June 5, 2015

Today's 5 Best Small Caps

I wanted to find today's 5 best small cap stocks so I used Barchart to sort the S&P 600 Small Cap Index stocks for the ones with the best technical trading signals, then used the Flipchart feature to review the charts.

Today's list includes Wilshire Bancorp (WIBC), Texas Capital Bancshares (TCBI), Steve Madden (SHOO), Privatebancorp (PVTB) and Pinnacle Financial Partners (PNFP).

Wilshire Bancorp (WIBC)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 10.24% in the last month
  • Relative Strength Index 76.84%
  • Barchart computes a technical support level at 11.27
  • Recently traded at 11.67 with a 50 day moving average of 10.57

Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 6.67% in the last month
  • Relative Strength Index 67.30%
  • Barchart computes a technical support level at 55.36
  • Recently traded at 57.09 with a 50 day moving average of 52.30
Steve Madden (SHOO)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 3.27% in the last month
  • Relative Strength Index 61.07%
  • Barchart computes a technical support level at 39.27
  • Recently traded at 40.45 with a 50 day moving average of 38.80


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 5.92% in the last month
  • Relative Strength Index 63.68%
  • Barchart computes a technical support level at 38.33
  • Recently traded at 39.35 with a 50 day moving average of 37.15


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 7.21% in the last month
  • Relative Strength Index 65.74%
  • Barchart computes a technical support level at 49.80
  • Recently traded at 51.98 with  a 50 day moving average of 47.64










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Tuesday, January 15, 2013

Barchart Morning Call 1/15


Barchart Morning Call
BC - Tue Jan 15, 7:00AM CST
Overnight Developments
  • March E-mini S&Ps this morning are trading mildly lower on debt ceiling concerns and a -0.48% sell-off in European stocks on a weak German GDP report. Asian stocks today closed mixed. Japan closed +0.72%, Hong Kong closed -0.14%, and China closed +0.70%. Commodity prices are mildly higher by +0.13%. Feb crude oil is down -0.10%, Feb gasoline is down -0.29%, Feb gold is up +0.55%, March copper is down -0.39%, grain prices are up about +0.6% on average, and livestock and softs are mostly lower. The dollar index is up +0.15%, EUR/USD is down -0.43%, and USD/JPY is sharply lower by -1.15%. March 10-year T-note prices are up 8.5 ticks.
  • Japanese preliminary Dec machine tool orders weakened to -27.5% y/y from -21.3% in Nov.
  • German Q4 GDP fell -0.5% q/q (-2.0% q/q annualized), according to a preliminary estimate from the German Federal Statistics Office. Overall German GDP growth in 2012 slid to +0.7% from +3.0% in 2011. Notably, German produced a budget surplus of 0.1% of GDP in 2012, an improvement from a 0.8% deficit in 2011.
  • The UK Dec CPI rose +0.5% m/m and +2.7% y/y, which was in line with market expectations. The Dec core CPI eased to +2.4% y/y from +2.6% in Nov and was weaker than market expectations of +2.6%. UK inflation remains above the BOE's limit of 2% and continues to discourage the BOE from further easing at this point.
  • The Eurozone Nov adjusted trade balance rose to 11.0 bln euros from a revised 7.4 bln euros in Oct and was larger than market expectations of 8.0 bln euros. The report was supportive for EUR/USD.
  • USD/JPY fell after Japan's economy minister Akira Amari said that Japan faces risks from an excessive decline in the yen. The yen has plunged by 13% in the past four months against a trade-weighted basket of currencies.
  • Spain today successfully sold 5.75 billion euros of bills, more than the target of 5.5 billion euros.
    Market Comments
    • March E-mini S&Ps this morning are down -4.25 points on the -0.48% sell-off in European stocks and on increased worries about the debt ceiling battle. The S&P 500 index on Monday closed mildly lower as concern rose about the debt ceiling battle after President Obama at a surprise press conference continued to indicate that he does not plan to negotiate with House Republicans over a debt ceiling hike, highlighting the impending battle that could easily result in at least a government shut-down. The Nasdaq index fell -0.46% on a sharp 3.6% sell-off in Apple on a report that Apple is curbing iPhone production due to weak demand. Closes: S&P 500 -0.09%, Dow Jones +0.14%, Nasdaq -0.46%.
    • March 10-year T-notes this morning are up 8.5 ticks on the lower trade in stocks and debt ceiling worries. March 10-year T-note prices on Monday closed mildly higher on some increased safe-haven demand with the impending debt ceiling battle.
    • The dollar index this morning is up +0.12 points (+0.15%) on increased safe-haven demand. EUR/USD is down -0.0057 (-0.43%). USD/JPY is sharply lower by -1.03 (-1.15%) as the Japanese government seems to be getting nervous about the extent of the yen's plunge in recent weeks. The dollar index on Monday closed slightly lower on continued technical weakness with the new 2-week low. EUR/USD closed higher despite a weaker-than-expected Eurozone industrial production report. Closes: Dollar index -0.08 (-0.09%), EUR/USD +0.0039 (+0.29%),USD/JPY +0.30 (+0.34%).
    • Feb WTI crude oil prices this morning are down -0.09 (-0.10%) and Feb gasoline is down -0.0079 (-0.29%). Feb crude oil and gasoline prices on Monday closed higher on the slightly lower close in the dollar index and on carry-over support from the reopening of the Seaway pipeline last Friday with an expanded capacity of 400,000 bpd (vs 150,000 bpd), which will help dampen inventories at the Cushing hub where WTI crude oil futures are priced. Crude oil and gasoline prices were able to rally even though increases are expected for tomorrow's DOE inventory report for crude oil, gasoline and distillates. Closes: CLG3 +0.58 (+0.62%), RBG3 +0.0146 (+0.53%).
    • 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 ReportsEarnings reports (ranked by market cap): FRX-Forest Labs (consensus -$0.08), LLTC-Linear Tech (0.44), LEN-Lennar (0.44), CBSH-Commerce Bankshares (0.72), FULT-Fulton Financial (0.20), IRWD-Ironwood Pharmaceuticals (-0.48), PNFP-Pinnacle Financial (0.33), IBKR-Interactive Broker (0.21).
      Global Financial Calendar
      Tuesday 1/15/13
      United States
      0800 ETBoston Fed President Eric Rosengren speaks on the economic outlook at the Greater Providence Chamber.
      0830 ETJan Empire manufacturing index expected +8.1 to 0.0, Dec -2.9 to -8.1.
      0830 ETDec retail sales expected +0.2% m/m, Nov +0.3% m/m. Dec retail sales ex-autos expected +0.2% m/m, Nov unch m/m. Dec retail sales ex-auto and gas, Nov +0.7% m/m.
      0830 ETDec PPI expected -0.1% m/m and +1.4% y/y, Nov -0.8% m/m and +1.5% y/y. Dec core PPI expected +0.2% m/m and +2.1% y/y, Nov +0.1% m/m and +2.2% y/y.
      1000 ETNov business inventories expected +0.3% m/m, Oct +0.4% m/m.
      1230 ETPhiladelphia Fed President Charles Plosser speaks on the U.S. economic outlook at Simon School of Business in Rochester, NY.
      n/aWorld Bank released Global Economic Prospects report.
      1630 ETAPI weekly U.S. oil statistics.
      Germany
      0200 ETGerman final-Dec CPI expected unrevised at +0.9% m/m and +2.1% y/y. Final-Dec EU-harmonized, Nov +1.0% m/m and +2.1% y/y.
      United Kingdom
      0430 ETUK Dec PPI input nsa expected unchanged m/m and +0.4% y/y, Nov +0.1% m/m and -0.3% y/y. Dec PPI output nsa expected unchanged m/m and +2.4% y/y, Nov -0.2% m/m and +2.2% y/y. Dec PPI output core nsa expected unchanged m/m and +1.5% y/y, Nov unch m/m and +1.4% y/y.
      0430 ETUK Dec CPI expected +0.5% m/m and +2.7% y/y, Nov +0.2% m/m and +2.7% y/y. Dec core CPI expected +2.6% y/y, Nov +2.6% y/y.
      0430 ETUK Dec RPI expected +0.4% m/m and +3.0% y/y, Nov unch m/m and +3.0% y/y. Dec RPI ex-mortgage interest payments expected +3.0% y/y, Nov +2.9% y/y.
      Euro-Zone
      0500 ETEurozone Nov trade balance sa expected 8.0 bln euros, Oct 7.9 bln euros. Nov trade balance expected 10 bln euros, Oct 10.2 bln euros.
      Japan
      1850 ETJapan Dec domestic CGPI expected +0.2% m/m and -0.7% y/y, Nov unch m/m and -0.9% y/y.
      1850 ETJapan Nov machine orders expected +0.3% m/m and -7.3% y/y, Oct +2.6% m/m and +1.2% y/y.

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