5 Large Caps for Momentum Investors

Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find stocks for momentum investors.  First I sorted for the most frequent new highs in the last month then again for positive short term buy signals.  Next I used the Flipchart feature to review the charts.  Today;s watch list includes:

Oneok (OKE), Baxter International (BAX), L-3 Communications (LLL), Republic Services (RSG) and Martin Marietta Materials (MLM)

Oneok (OKE)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 32.21% in the last month
• Relative Strength Index 79.75%
• Technical support level at 39.29
• Recently traded at 41.98 with a 50 day moving average of 32.60

Baxter International (BAX)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 7.41% in the last month
• Relative Strength Index 68.35%
• Technical support level at 44.87
• Recently traded at 45.85 with a 50 day moving average of 42.45

L-3 Communications (LLL)

Barchart technical indicators:

• 72% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 12.17% in the last month
• Relative Strength Index 71.20%
• Technical support level at 133.05
• Recently traded at 135.99 with a 50 day moving average of 123.89

Republic Services (RSG)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 5.37% in the last month
• Relative Strength Index 64.10%
• Technical support level at 47.99
• Recently traded at 48.72 with a 50 day moving average of 47.21

Martin Marietta Materials (MLM)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 13.33% in the last month
• Relative Strength Index 72.19%
• Technical support level at 181.06
• Recently traded at 187.13 with a 50 day moving average of 165.23

Republic Services - Chart of the Day

Republic Services (RSG) is the Barchart Chart of the Day.  The solid waste company has a Trend Spotter buy signal, a Weighted Alpha of 20.30+, gained 14.84% in the last year and paid a 2.51% dividend.

The Chart of the Day belongs to Republic Services (RSG).  I found the solid waste stock by using Barchart to sort today's All Time High list first for the highest technical buy signals then again for the most new highs in the last month.  Next I review the chart using the Flipchart feature. Since the Trend Spotter signaled a buy on 2/16 the stock gained 6.14%

Republic Services, Inc., is a leading provider of services in the domestic non-hazardous solid waste industry. They provide non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers through their collection companies. They also own or operate transfer stations and solid waste landfills.

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% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 5.50% in the last month
• Relative Strength index 70.83%
• Technical support level at 47.58
• Recently traded at 48.08 with a 50 day moving average of 45.04

Fundamental factors:

• Market Cap $16.70 billion
• P/E 23.23
• Dividend yield 2.51%
• Revenue expected to grow 2.70% this year and another 3.30% next year
• Earnings estimated to increase 4.40% this year, another 8.40% next year and continue to compound at an annual rate of 6.42% for the next 5 years
• Wall Street analysts issued 6 strong buy and 4 hold recommendations on the stock

BARCHART MORNING CALL 2/7

BARCHART MORNING CALL

Friday, February 7th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 +0.40%) this morning are up +0.25% ahead of this morning's U.S. Jan payrolls data and European stocks are up +0.14% as emerging-market stocks and currencies advanced. Asian stocks closed higher: Japan +2.17%, Hong Kong +1.00%, China +0.46%, Taiwan +0.92%, Australia +0.68%, Singapore +0.83%, South Korea +0.78%, India +0.32%. Commodity prices are mixed. Mar crude oil (CLH14 -0.19%) is down -0.40%. Mar gasoline (RBH14 +0.17%) is down -0.06%. Apr gold (GCJ14 +0.37%) is up +0.30%. March copper (HGH14 +0.50%) is up +0.54% at a 1-week high after LME copper inventories fell -1,225 MT to a 13-1/4 month low. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.09%) is up +0.08%. EUR/USD (^EURUSD) is down -0.15% after Germany's Federal Constitution Court sought advice on whether the ECB's OMT bond-buying program is legal. USD/JPY (^USDJPY) is up +0.04%. March T-note prices (ZNH14 -0.10%) are down -2 ticks.
Germany's Federal Constitution Court has asked the European Court of Justice to rule on a claim that the ECB overstepped its powers in establishing the Outright Monetary Transactions (OMT) bond buying program in Sep 2012. The still-unused program that's credited with easing the Eurozone debt crisis, allows the ECB to buy government bonds of indebted nations.
German Dec industrial production unexpectedly fell -0.6% m/m, weaker than expectations of +0.3% m/m, and on an annual basis rose +2.6% y/y, a slower pace than expectations of +3.5% y/y.
The German Dec trade balance shrank to a +14.2 billion euro surplus, smaller than expectations of a +17.3 billion euro surplus. Dec exports unexpectedly fell -0.9% m/m, weaker than expectations of +0.8% m/m and the biggest decline in 7-months. Dec imports unexpectedly fell -0.6% m/m, weaker than expectations of +0.9% m/m.
UK Dec industrial production rose +0.4% m/m and +1.8% y/y, weaker than expectations of +0.6 m/m and +2.3% y/y. Dec manufacturing production climbed +0.3% m/m and +1.5% y/y, a smaller increase than expectations of +0.6% m/m and +2.3% y/y.
The Japan Dec leading index CI rose +1.1 to 112.1, a bigger increase than expectations of +0.8 to 111.9 and the highest since data began in 2008. The Dec coincident index rose +1.0 to 111.7, better than expectations of +0.8 to 111.5 and the highest in 5-1/2 years.

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

Moody's (MCO +2.98%) reported Q4 EPS of 85 cents, higher than consensus of 76 cents.
Towers Watson (TW -8.25%) was upgraded to 'Overweight' from 'Neutral' at JPMorgan.
Cigna (CI +0.35%) reported Q4 EPS of $1.39, below consensus of $1.49.
AOL (AOL -0.88%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill.
Fitch Ratings said it has downgraded the long-term ratings of McKesson (MCK +2.24%) , including the long-term Issuer Default Rating, to 'BBB+' from 'A-'
WellCare (WCG -0.40%) signed a contract to provide medicaid services to Medicaid recipients in eight Florida regions as part of the state's Managed Medical Assistance program.
Illinois Tool Works (ITW +0.68%) announced that it will sell its Industrial Packaging Segment to The Carlyle Group (CG +4.81%) for $3.2 billion.
Republic Services (RSG +1.01%) reported Q4 adjusted EPS of 53 cents, better than consensus of 46 cents.
ON Semiconductor (ONNN +2.59%) reported Q4 EPS of 17 cents, better than consensus of 14 cents.
News Corp. (NWSA +2.63%) rose 2% in European trading ater it reported Q2 adjusted EPS of 31 cents, well ahead of consensus of 20 cents.
Activision Blizzard (ATVI +1.66%) climbed 8% in after-hours trading after it reported Q4 adjusted EPS of 79 cents, stronger than consensus of 73 cents.
LinkedIn (LNKD +4.24%) slid over 8% in after-hours trading after it reported Q4 adjusted EPS of 39 cents, higher than consensus of 38 cents, but then lowered guidance on its fiscal 2014 revenue estimate to $2.02 billion-$2.05 billion, below consensus of $2.16 billion.
Expedia (EXPE +1.89%) jumped 13% in after-hours trading after it reported Q4 EPS of 92 cents, better than consensus of 86 cents.
Lionsgate (LGF +3.42%) reported Q3 adjusted EPS of 70 cents, well above consensus of 44 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 +0.40%) this morning are up +4.50 points (+0.25%). The S&P 500 on Thursday closed higher on reduced labor market concerns after U.S. weekly initial unemployment claims fell -20,000 to 331,000, a bigger decline than expectations of -13,000 to 335,000. Stocks also found support on strong Q4 company earnings results as 77% of the S&P 500 companies that have reported earnings thus far have beaten market estimates. A negative for stocks was the wider-than-expected -$38.7 billion U.S. Dec trade deficit, which should cause a downward revision to Q4 GDP. Closes: S&P 500 +1.24%, Dow Jones +1.22%, Nasdaq 100 +1.24%.
Mar 10-year T-notes (ZNH14 -0.10%) this morning are down -2 ticks. Mar 10-year T-note futures prices on Thursday closed lower after U.S. weekly unemployment claims fell more than expected. T-note prices were also undercut by a slide in German bund prices after ECB President Draghi signaled the ECB will wait until next month to decide if they should implement any additional stimulus measures. Closes: TYH4 -8.50, FVH4 -3.50.
The dollar index (DXY00 +0.09%) this morning is up +0.068 (+0.08%). EUR/USD (^EURUSD) is down -0.0020 (-0.15%). USD/JPY (^USDJPY) is up +0.04 (+0.04%). The dollar index on Thursday closed lower after a rally in stocks curbed safe-haven demand for the dollar. EUR/USD received a boost after the ECB refrained from additional stimulus measures following its policy meeting as ECB President Draghi said the ECB will wait until next month before deciding if additional stimulus is needed. Closes: Dollar index -0.130 (-0.16%), EUR/USD +0.0056 (+0.41%), USD/JPY +0.662 (+0.65%).
Mar WTI crude oil (CLH14 -0.19%) this morning is down -39 cents (-0.40%) and Mar gasoline (RBH14 +0.17%) is down -0.0017 (-0.06%). Mar crude oil and gasoline prices on Thursday closed higher with Mar crude at a 1-month high. Bullish factors included (1) the weaker dollar, (2) the larger-than-expected decline in U.S. weekly jobless claims, a sign of economic strength, and (3) the current cold snap to grip the northern half of the U.S., which should boost demand for heating fuels and further reduce distillate inventories. Closes: CLH4 +0.46 (+0.47%), RBH4 +0.0417 (+1.58%).

GLOBAL EVENT CALENDAR02/07/2014

US	0830 ET	U.S. Department of Labor releases annual revisions to labor statistics from March 2013.
	0830 ET	Jan non-farm payrolls expected +180,000, Dec +74,000. Jan private payrolls expected +188,000, Dec +87,000. Jan manufacturing payrolls expected +10,000, Dec +9,000. Jan unemployment rate expected unch at 6.7%, Dec -0.3 to 6.7%.
	0830 ET	Jan avg hourly earnings expected +0.2% m/m and +1.8% y/y, Dec +0.1% m/m and +1.8% y/y. Jan avg weekly hours expected unch at 34.4 hours, Dec 34.4 hours.
	1500 ET	Dec consumer credit expected +$12.0 billion, Nov +$12.318 billion.
JPN	0000 ET	Japan Dec leading index CI expected +0.8 to 111.9, Nov 111.1. Dec coincident index expected +0.8 to 111.5, Nov 110.7.
GER	0200 ET	German Dec trade balance expected +17.3 billion euros, Nov +18.1 billion euros. Dec exports expected +0.8% m/m, Nov +0.3% m/m. Dec imports expected +0.9% m/m, Nov -2.3% m/m.
	0200 ET	German Dec current account balance expected +21.5 billion euros, Nov +21.6 billion euros.
	0600 ET	German Dec industrial production expected +0.3% m/m and +3.5% y/y, Nov +1.9% m/m and +3.5% y/y.
UK	0430 ET	UK Dec industrial production expected +0.6% m/m and +2.3% y/y, Nov unch m/m and +2.5% y/y.
	0430 ET	UK Dec manufacturing production expected +0.6% m/m and +2.3% y/y, Nov unch m/m and +2.8% y/y.

U.S. STOCK CALENDAR02/07/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Laboratory Corp of America Holdings	LH US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.66
Wyndham Worldwide Corp	WYN US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.728
Cigna Corp	CI US	6:30	Q4 2013 Earnings Release	Q4 2013	1.485
Moody's Corp	MCO US	7:00	Q4 2013 Earnings Release	Q4 2013	0.763
FLIR Systems Inc	FLIR US	7:30	Q4 2013 Earnings Release	Q4 2013	0.371
St Jude Medical Inc	STJ US	8:00	Investor Meeting	Y 2014
Cigna Corp	CI US	8:30	Q4 2013 Earnings Call	Q4 2013
Wyndham Worldwide Corp	WYN US	8:30	Q4 2013 Earnings Call	Q4 2013
Micron Technology Inc	MU US	9:00	Analyst Conference	Y 2014
Laboratory Corp of America Holdings	LH US	9:00	Q4 2013 Earnings Call	Q4 2013
FMC Technologies Inc	FTI US	9:00	Q4 2013 Earnings Call	Q4 2013
Corning Inc	GLW US	9:30	Investor Meeting	Y 2014
FLIR Systems Inc	FLIR US	11:00	Q4 2013 Earnings Call	Q4 2013
Moody's Corp	MCO US	11:30	Q4 2013 Earnings Call	Q4 2013
Apartment Investment & Management Co	AIV US	13:00	Q4 2013 Earnings Call	Q4 2013
Time Warner Inc	TWX US		U.S. Box Office Release of Movie The Lego Movie""

BARCHART MORNING CALL 11/1

BARCHART MORNING CALL

Friday, November 1st, 2013View Older Reports

Everything you need to know about the markets in one free daily newsletter.

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ13 +0.19%) this morning are up +0.10% and European stocks are down -0.38%. Asian stocks closed mixed: Japan -0.88%, Hong Kong +0.19%, China +0.47%, Taiwan -0.73%, Australia -0.26%, Singapore -0.29%, South Korea +0.64%, India +0.15%. Supporting stock prices today is strength in Chinese manufacturing activity which expanded last month at the fastest pace in 15-months. European stocks were undercut by a -3.1% decline in Royal Bank of Scotland after Britain's biggest publicly owned bank said it will write down as much as 4.5 billion pounds ($7.2 billion) in Q4, which will result in a "substantial" full-year loss. Also, Renault SA, France's second-biggest carmaker, dropped 3.5% after its partner Nissan Motor cut its full-year profit forecast by 15% due to weak sales in Europe and Asia. Japanese stocks were dragged lower by an 11% slump in Sony after the company lowered its full-year profit forecast by 40% on weak television and digital camera demand. Chinese stocks received a boost from a -0.41 point decline in China's 7-day repurchase rate to a 1-week low of 4.636% after the PBOC added a net 29.1 billion yuan ($4.8 billion) via money-market operations in the last 4 days. Commodity prices are mostly lower. Dec crude oil (CLZ13 -0.19%) is down -0.15%. Dec gasoline (RBZ13 +0.03%) is down -0.05%. Dec gold (GCZ13 -0.54%) is down -0.66% at a 1-week low and Dec copper (HGZ13 +0.50%) is up +0.48%. Agricultural and livestock prices are mixed. The dollar index (DXY00 +0.40%) is up +0.34% at a 2-week high. EUR/USD (^EURUSD) is down -0.37% at a 2-week low on speculation that slowing inflation and record unemployment in the Eurozone may prompt the ECB to lower interest rates as soon as its meeting next week. USD/JPY (^USDJPY) is down -0.08%. December T-note prices (ZNZ13 -0.27%) are down -8 ticks.
The China Oct manufacturing PMI rose +0.3 to 51.4, better than expectations of +0.1 to 51.2 and the fastest pace of expansion in 1-1/2 years.
UK Oct manufacturing PMI fell -0.3 from a downward revised 56.3 in Sep to 56.0, lower than expectations of -0.3 to 56.4.
Japan Oct vehicle sales climbed +17.3% y/y, the most in 15-months.

U.S. STOCK PREVIEW

Today’s Oct ISM manufacturing index is expected to show a -1.2 point decline to 55.0, more than reversing the +0.5 point increase to 56.2 seen in September. Today’s Oct total vehicle sales report is expected to improve to 15.40 million units from 15.21 million units in September. There are 5 of the S&P 500 companies that report earnings today: NextEra (consensus $1.39), Chevron (2.70), Washington Post, Berkshire Hathaway (2402.90), and Life Technologies (0.96). There are no equity conferences today.

OVERNIGHT U.S. STOCK MOVERS

Facebook (FB +2.45%) was upgraded to 'Buy' from 'Hold' at Argus with a price target of $64.
Netflix (NFLX +1.36%) was upgraded to 'Outperform' from 'Neutral' at RW Baird who raised their price target on the stock to $420 from $383.
WellCare (WCG +0.68%) reported Q3 adjusted EPS of $1.56, better than consensus of $1.52, but then lowered guidance on fiscal 2013 EPS to $4.70-$4.80 from $4.70-$4.90, below consensus of $4.91.
Citigroup reiterated its 'Buy' raing on Mastercard (MA -1.18%) and raised its price target oon the stock to $835 from $710.
Bebe stores (BEBE +0.33%) was downgraded to 'Neutral' from 'Buy' at Janney Capital.
PetSmart (PETM -0.07%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill.
Greenbrier ({=GBX was upgraded to 'Buy' from 'Underperform' at BofA/Merrill.
MDU Resources (MDU -0.17%) reported Q3 adjusted EPS of 49 cents, better than consensus of 46 cents, and then raised guidance on fiscal 2013 adjusted EPS view to $1.35-$1.45 from $1.30-$1.40.
Barrick Gold (ABX -5.41%) filed to sell 163.5 million shares of common stock.
Northeast Utilities (NU -0.53%) reported Q3 EPS of 66 cents, weaker than consensus of 73 cents.
Gabelli reported a 5.05% stake in Global Sources (GSOL -3.48%) .
Republic Services (RSG +0.36%) reported Q3 EPS of 55 cents, higher than consensus of 50 cents.
Newmont Mining (NEM -2.78%) reported Q3 EPS of 46 cents, well ahead of consensus of 32 cents.
Oaktree Capital reported a 6.8% stake in Contango Oil & Gas (MCF -2.08%) .
MRC Global (MRC -0.78%) reported Q3 adjusted EPS of 40 cents, weaker than consensus of 45 cents.
First Solar (FSLR -2.12%) climbed 8% in pre-market trading after it reported Q3 EPS ex-charges of $2.28, more than double consensus of $1.00, and then raised guidance on fiscal 2013 EPS view to $4.25-$4.50 from $3.75-$4.25, well above consensus of $3.77.
Fluor (FLR -2.35%) reported Q3 EPS of $1.05, better than consensus of $1.04.
Mohawk (MHK -0.38%) reported Q3 EPS ex-items of $2.02, well above consensus of $1.90.
AIG (AIG -0.62%) reported Q3 EPS of 96 cents, higher than consensus of 95 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ13 +0.19%) this morning are up +1.75 points (+0.10%). The S&P 500 index on Thursday closed lower. Strong Q3 earnings results gave stocks an early lift as 76% of the 356 reporting S&P 500 companies have beaten estimates. Stocks fell back, though, on concern the Fed may start to taper QE3 as soon as next month after the Chicago Oct PMI unexpectedly jumped +10.2 to 65.9, stronger than expectations of a -0.7 point decline to a 2-1/2 year high of 55.0. Closes: S&P 500 -0.38%, Dow Jones -0.47%, Nasdaq 100 -0.23%.
Dec 10-year T-notes (ZNZ13 -0.27%) this morning are down -8 ticks. Dec 10-year T-note prices on Thursday dropped to a 1-week low and closed lower. The surge in the Chicago Oct PMI to its fastest pace of expansion in 2-1/2 years undercut T-note prices as it bolstered speculation the Fed may taper QE3 as soon as next month. Closes: TYZ3 -5.0, FVZ3 +0.25.
The dollar index (DXY00 +0.40%) this morning is up +0.272 (+0.34%) at a 2-week high. EUR/USD (^EURUSD) is down -0.0050 (-0.37%) at a 2-week low. USD/JPY (^USDJPY) is down -0.08 (-0.08%). The dollar index on Thursday rallied sharply to a 2-week high and closed higher. An unexpected increase in the Chicago Oct PMI to its fastest pace of expansion in 2-1/2 years boosted the dollar as it bolstered speculation the Fed may start to taper QE3 as soon as the Dec 17-18 FOMC meeting. EUR/USD tumbled to a 2-week low on speculation the ECB may cut interest rates further after the Eurozone Oct CPI eased to a 3-3/4 year low of +0.7% y/y, weaker than expectations of +1.1% y/y. Closes: Dollar index +0.418 (+0.52%), EUR/USD -0.01521 (-1.11%), USD/JPY -0.154 (-0.16%).
Dec WTI crude oil (CLZ13 -0.19%) this morning is down -14 cents (-0.15%) and Dec gasoline (RBZ13 +0.03%) is down -0.0012 (-0.05%). Dec crude oil and gasoline prices on Thursday closed lower. Negative factors included (1) the rally in the dollar index to a 2-week high, and (2) negative carry-over from Wednesday’s EIA report that showed weekly crude stockpiles climbed +4.09 million bbls to a 4-month high of 383.9 million bbls. Closes: CLZ3 -0.39 (-0.40%), RBZ3 -0.0286 (-1.09%).

GLOBAL EVENT CALENDAR11/01/2013

US	0910 ET	St. Louis Fed President James Bullard speaks to the St. Louis Regional Chambers Financial Forum about U.S. monetary policy and the economy.
	1000 ET	Oct ISM manufacturing expected -1.2 to 55.0, Sep +0.5 to 56.2. Oct ISM prices paid expected -1.5 to 55.0, Sep +2.5 to 56.5.
	1200 ET	Richmond Fed President Jeffrey Lacker speaks to the Global Independence Center in Philadelphia, PA.
	1700 ET	Oct total vehicle sales expected 15.43 million, Sep 15.21 million. Oct domestic vehicle sales expected 11.90 million, Sep 11.66 million.
JPN	0100 ET	Japan Oct vehicle sales, Sep +12.4% y/y.
UK	0530 ET	UK Oct PMI manufacturing expected -0.3 to 56.4, Sep 56.7.

U.S. STOCK CALENDAR11/01/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
NextEra Energy Inc	NEE US	Bef-mkt		Q3 2013	1.394
American International Group Inc	AIG US	8:00		Q3 2013
Chevron Corp	CVX US	8:30		Q3 2013	2.698
Washington Post Co/The	WPO US	8:30		Q3 2013
Northeast Utilities	NU US	9:00		Q3 2013
NextEra Energy Inc	NEE US	9:00		Q3 2013
Ford Motor Co	F US	9:30		2013
NYSE Euronext	NYX US	Aft-mkt
Netflix Inc	NFLX US
Berkshire Hathaway Inc	BRK/A US			Q3 2013	2402.9
Life Technologies Corp	LIFE US			Q3 2013	0.962
General Motors Co	GM US			2013

5 Consistent Large Cap Gainers

Today's list of Large Cap stocks that have been consistent gainers come from using Barchart to screen the S & P 500 Large Cap Index for stocks hitting the most frequent new highs in the last month and then using the Flipchart function to pan through the charts to find steady gains.

The list today includes The Washington Post (WPO), Republic Services (RSG), NRG Energy (NRG), Cintas (CTAS) and CSX Corp (CSX):

Washington Post (WPO)

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 7.26% in the last month
• Relative Strength Index 75.66%
• Barchart computes a technical support level at 432.33
• Recently traded at 444.00 with a 50 day moving average of 397.00

Republic Services (RSG)

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 2.17% in the last month
• Relative Strength Index 62.58%
• Barchart computes a technical support level at 31.40
• Recently traded at 32.03 with a 50 day moving average of 31.09

NRG Energy (NRG)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 9.69% in the last month
• Relative Strength Index 81.15%
• Barchart computes a technical support level at 25.35
• Recently traded at 26.26 with a 50 day moving average of 24.07

Cintas (CTAS)

Barchart technial indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up .99% in the last month
• Relative strength Index 66.43%
• Barchart computes a technical support level at 44.05
• Recently traded at 45.12 with a 50 day moving average of 43.25

CSX Corp (CSX)

Barchart technical indicators:

• Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 6.06% in the last month
• Relative Strength Index 68.96%
• Barchart computes a technical support level at 23.49
• Recently traded at 24.16 with a 50 day moving average of 22.20

Barchart Morning Call 2/9

Barchart Morning Call

Barchart.com - 1 hr 43 mins ago

Overnight Developments

• Global stocks this morning are mixed with the Euro Stoxx 50 up +0.14% and Mar S&Ps down -3.00 points. The euro rose and lifted European stocks as Greek Finance Minister Venizelos meets with Euro-Zone finance ministers today in Brussels who will decide if Greece has done enough to receive a bailout package needed to stave off default. Greek Prime Minister Papademos said the leaders of the three parties supporting his government "agreed on all the points of the program with the exception of one which requires further elaboration and discussion" with the lenders. Talks between Greece's political leaders stumbled over pensions and officials from the EU and the IMF gave Greece 15 more days to identify measures totaling 300 million euros. A rally in European carmakers boosted the overall stock market with Daimler AG up 3.7% after it reported Q4 earnings before interest and taxes of 2.18 billion euros, beating analysts' estimates of 2.17 billion euros. Another positive for equities was the +0.5% m/m increase in Dec U.K. industrial production, stronger than expectations of +0.2% m/m. Limiting gains in stocks is weakness in banking shares with Credit Suisse down 3.3% after it reported an unexpected Q4 loss of 637 million francs ($698 million), much weaker than analysts' estimates of a 446 million-franc profit and its first quarterly loss since 2008. As expected, the BOE kept the benchmark interest rate unchanged at 0.50% and raised the asset purchase target by 50 billion pounds to 325 billion pounds and said it expects a "significant" shortfall in the U.K. economy to persist.
• Asian stocks today closed mixed with Japan down -0.15%, China +0.04%, Australia -0.18%, South Korea +0.59%, India +0.70%. Japanese stocks closed lower after Dec Japan machine orders fell -7.1% m/m, weaker than expectations of -5.0% m/m and the biggest decline in 3 months as a faltering global economy and a strong yen dimmed the earnings outlook for exporters. Losses in Japanese stocks were limited however, as the yen tumbled to a 1-1/2 week low against the dollar. Chinese stocks finished higher, despite Jan China CPI rising a more than-expected +4.5% y/y, when the National Development and Reform Commission said China's rate of inflation will "steadily decline" as the effects of the New Year holiday and other "temporary factors" fade. Jan China PPI rose an as-expected +0.7% y/y, its smallest increase in over 2 years.

Overnight U.S. Stock News

• March S&Ps this morning are trading down -3.00 points. The US stock market on Wednesday was whipsawed by Greek debt news headlines and finally closed higher: Dow Jones +0.04%, S&P 500 +0.22%, Nasdaq Composite +0.41%. The S&P 500 climbed to a 7-month high and the Nasdaq posted a 10-3/4 year high. Bullish factors included (1) the possibility of QE3 from the Fed after San Francisco Fed President Williams said the Fed may have to buy additional mortgage bonds if the economic expansion falters or inflation slows too much and (2) decent Q4 earnings results thus far as 68% of the 304 companies in the S&P 500 that have reported quarterly results since Jan 9 have beaten earnings projections.
• Bearish factors Wednesday included (1) carry-over weakness from a late sell-off in European stocks which gave up early gains and closed lower on concern Greek debt-swap negotiations will fail after Reuters reported that 2 unidentified ECB sources said the ECB is still divided on what contribution to make as part of a Greek debt restructuring and (2) concern that growth in Germany, Europe's biggest economy, may be slowing after Dec German exports fell -4.3% m/m, the biggest monthly decline in nearly 3 years.

Today's Market Focus

• March 10-year T-notes this morning are down -1 tick. T-note prices on Wednesday closed lower on supply concerns although they settled well above their worst levels on increased safe-haven demand on concern Greek debt-swap talks will fail: TYH2 -2.0, FVH2 -1.2, EDM2 +1.5. Bearish factors Wednesday included (1) slack demand for the Treasury's $24 billion auction of 10-year T-notes that had a bid-to-cover ratio of 3.05, below the 12-auction average of 3.14, and indirect bidders, a proxy for foreign buying, took only 38.9% of the T-notes, below the 12-auction average of 47.3% and (2) supply pressures ahead of the Treasury's $16 billion 30-year T-bond auction on Thursday. Bullish factors included (1) comments from San Francisco Fed President Williams who said "we may still need to provide more policy accommodation if the economy loses momentum of inflation remains well below 2%," which keeps the door open for the Fed to implement QE3, and (2) increased safe-haven demand for Treasuries on concern Greek debt-swap negotiations will fail after Reuters reported that 2 unidentified ECB sources said the ECB is still divided on what contribution to make as part of a Greek debt restructuring.
• The dollar index this morning is weaker and at a 2-month low with the dollar/yen +0.12 yen and the euro/dollar -0.13 cents. The dollar index on Wednesday recovered from a 1-3/4 month low and settled higher after optimism over a resolution to the Greek debt-swap talks faded: Dollar Index +0.065, USDJPY +0.272, EURUSD +0.00003. The euro climbed to a 1-3/4 month high but shed its gains and closed little changed. Bullish factors included (1) increased safe-haven demand for the dollar after the euro relinquished early gains on speculation Greek debt-swap negotiations will fail after Reuters reported that 2 unidentified ECB sources said the ECB is still divided on what contribution to make as part of a Greek debt restructuring, (2) the slide in the yen to a 1-1/2 week low against the dollar after Japan's 2011 current-account surplus shrank -44% from 2010 to 9.63 trillion yen ($125 billion), the lowest in 15 years, and (3) the larger-than-expected -4.3% m/m decline in Dec German exports, the biggest monthly drop in nearly 3 years, which may lead to slower economic growth and is euro negative. Bearish factors Wednesday included (1) the -2 bp decline in the Markit iTraxx SovX Western Index of credit-default swaps to a 3-1/4 month low of 316 bp, which reduces European default concerns and is euro supportive and (2) dollar negative comments from San Francisco Fed President Williams who said the Fed may have to buy additional mortgage bonds if the economic expansion falters or inflation shows too much.
• Mar crude oil prices this morning are up +64 cents a barrel and Mar gasoline is +0.97 cents per gallon at a 5-1/4 month high. Crude oil and gasoline prices on Wednesday settled higher but well off of their best levels as a rebound in the dollar and a jump in weekly DOE gasoline inventories erased most of a morning rally: CLH12 +$0.30, RBH12 +4.77. Mar crude posted a 1-week high and Mar gasoline soared to a 5-1/2 month high. Bullish factors included (1) the smaller-than-expected increase in weekly DOE crude inventories (+304,000 bbl versus expectations of +2.5 million bbl), and (2) strength in gasoline on speculation that refinery shutdowns in the U.S. and Europe will trigger a supply crunch during the upcoming spring and summer driving season. Bearish factors included (1) the larger-than-expected increase in weekly DOE gasoline supplies to their highest level in 11 months (+1.63 million bbl to 231.8 million bbl versus expectations of +625,000 bbl), (2) the unexpected increase in weekly DOE distillate supplies (+1.17 million bbl versus expectations of -875,000 bbl), and (3) the rebound in the dollar which bounced back from a 1-3/4 month low to close higher, which reduces investment demand in commodities.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): PM-Philip Morris International (BEST earnings consensus $1.09), PEP-Pepsico (1.12), NBL-Noble Energy (1.16), LO-Lorillard (1.96), ALXN-Alexion Pharmaceuticals (0.34), ATVI-Activision Blizzard (0.56), RSG-Republic Services (0.45), KKR-KKR & Co. LP (0.75), TDC-Teradata (0.62), NUAN-Nuance Communications (0.36), SIAL-Sigma-Aldrich (0.89), BG-Bunge Ltd. (1.53), CCE-Coca-Cola Enterprises (0.36), SIRI-Sirius XM Radio (0.01), LNKD-LinkedIn (0.07).
Global Financial Calendar

Thursday 2/9/12
United States
0830 ET	Weekly initial unemployment claims expected +3,000 to 370,000, previous -12,000 to 367,000. Weekly continuing claims expected +63,000 to 3.500 million, previous 130,000 to 3.437 million.
1000 ET	Dec wholesale inventories expected +0.4%, Nov +0.1%.
1100 ET	Treasury announces amount of 30-year TIPS to be auctioned on Feb 16 (previous $7 billion).
1300 ET	Treasury auctions $16 billion 30-year T-bonds.
1630 ET	Weekly money supply report and Fed balance sheet.
Japan
0000 ET	Jan Japan consumer confidence expected -0.4 to 38.5, Dec +0.8 to 38.9.
1850 ET	Jan Japan domestic CGPI expected +0.1% m/m and +0.8% y/y, Dec +0.1% m/m and +1.3% y/y.
United Kingdom
0430 ET	Dec U.K. industrial production expected +0.2% m/m and -3.1% y/y, Nov -0.7% m/m and -3.1% y/y.
0430 ET	Dec U.K. manufacturing production expected +0.2% m/m and +0.3% y/y, Nov -0.2% m/m and -0.6% y/y.
0700 ET	BOE announces interest rate decision and asset purchase target (expected no change to the 0.50% benchmark rate but asset purchase target increased 50 billion pounds to 325 billion pounds).
Euro-Zone
0745 ET	ECB announces interest rate decision (expected no change to the 1.00% 2-week refinancing rate).
0830 ET	ECB President Mario Draghi speaks at monthly press conference.
Canada
0830 ET	Dec Canada new housing price index, Nov +0.3% m/m and +2.5% y/y.
CHI
n/a	Jan China trade balance expected +$10.70 billion, Dec +$16.52 billion. Jan exports expected -1.5% y/y, Dec +13.4% y/y. Jan imports expected -5.0% y/y, Dec +11.8% y/y.

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