Showing posts with label SPKE. Show all posts
Showing posts with label SPKE. Show all posts

Tuesday, April 26, 2016

MORNING CALL 4/26

MORNING CALL
OVERNIGHT MARKETS AND NEWS
Jun E-mini S&Ps (ESM16 +0.12%) are up +0.12% and European stocks are up +0.22% ahead of the start of the 2-day FOMC meeting that begins today. The market is not expecting any increase in interest rates at this meeting but will be looking for clues as when to the Fed may be considering another hike in rates. Energy producers are stronger as crude oil (CLM16 +1.01%) is up +0.89% and GBP/USD is up +0.52% at a 2-1/2 month high on speculation that Britain will vote to remain in the EU following the June 23 referendum. Asian stocks settled mixed: Japan -0.49%, Hong Kong +0.48%, China +0.61%, Taiwan +0.25%, Australia -0.30%, Singapore -0.19%, South Korea +0.32%, India +1.28%.
The dollar index (DXY00 -0.25%) is down -0.26%. EUR/USD (^EURUSD) is up +0.12%. USD/JPY (^USDJPY) is down -0.26%.
Jun T-note prices (ZNM16 -0.04%) are down -2.5 ticks at a 4-week low.

U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Mar durable goods orders (expected +1.8% and +0.5% ex transportation, Feb -3.0% and -1.3% ex transportation), (2) Feb S&P/CaseShiller composite-20 home price index (expected +0.8% m/m and +5.5% y/y, Jan +0.8% m/m and +5.75% y/y), (3) prelim-Apr Markit services PMI (expected +0.7 to 52.0, Mar +1.6 to 51.3), (4) Apr Conference Board U.S. consumer confidence index (expected -0.3 to 95.9, Mar +2.2 to 96.2), (5) Apr Richmond Fed manufacturing survey (expected -10 to 12, Mar +26 to 22), (6) first day of the 2-day FOMC meeting, and (7) the Treasury's auction of $34 billion of 5-year T-notes.
There are 50 of the S&P 500 companies that report earnings today with notable reports including: Apple (consensus 2.00), eBay (0.45), Capital One (1.92), Procter & Gamble (0.82), AT&T (0.69), Chipotle (-1.05),
U.S. IPO's scheduled to price today: Yintech Investment Holdings (YIN), Red Rock Investments (RRR).
Equity conferences this week include: Nomura Retail and Restaurants Conference on Wed.
OVERNIGHT U.S. STOCK MOVERS
NXP Semiconductors (NXPI -1.24%) climbed over 2% in pre-market trading after it reported Q1 adjusted EPS of $1.14, higher than consensu sof $1.11.
Pioneer National Resources (PXD +0.23%) gained almost 3% in after-hours trading after it said it sees 2016 production growth of 12%, higher than a previous estimate of 10%.
Chemtura (CHMT +0.14%) was upgraded to 'Buy' from 'Hold' at BB&T Capital Markets with a 12-month price target of $37.
Spark Energy (SPKE -2.06%) was rated a new 'Outperform' at FBR Capital Markets with a 12-month price target of $27.
Express Scripts Holdings (ESRX +0.23%) fell over 2% in after-hour trading after it reported Q1 adjusted EPS of $1.22, right on consensus, but Q1 revenue of $24.8 billion was less than consensus of $25.2 billion.
Office Depot (ODP -1.13%) reported Q1 adjusted EPS of 10 cents, below consensus of 12 cents.
Ethan Allen Interiors (ETH -0.06%) rallied nearly 4% in after-hours trading after it reported Q3 adjusted EPS of 34 cents, better than consensus of 31 cents,
Canadian National Railway (CNI -1.05%) slipped nearly 5% in after-hours trading after it cut its full-year forecast and said it sees carloads down 4%-5%y/y.
Sanmina (SANM +0.82%) rose over 5% in after-hours trading after it reported Q2 non-GAP EPS of 63 cents, higher than consensus of 57 cents.
Artana Therapeutics (PETX -4.29%) climbed over 15% in after-hours trading after it entered into a licensing agreement with Eli Lilly's Elanco animal health unit.
Nabors Industries (NBR -4.34%) fell nearly 5% in after-hours trading after it reported Q1 operating revenue of $597.6 million, less than consensus of $633.4 million and said it sees margins deteriorating, particularly in the lower 48 U.S. states.
Knowles (KN -8.89%) surged over 20% in after-hours trading after it reported Q1 adjusted EPS of 8 cents, more than double consensus of 3 cents, and said it sees Q2 adjusted EPS of 8 cents-14 cents, above consensus of 8 cents.
Container Store Group (TCS -8.04%) jumped over 20% in after-hours trading after it reported Q4 adjusted EPS of 20 cents, right on consensus, but said comparable sales were up +0.2%, better than expectations of a -3.6% decline.
Ballard Power Systems (BLDP -2.11%) rallied over 15% in after-hours trading after it delivered a prototype PEM (proton exchange membrane) fuel cell propulsion modules to Boeing's Insitu unit for use in the ScanEagle unmanned aerial vehicle.

MARKET COMMENTS
June E-mini S&Ps (ESM16 +0.12%) this morning are up +2.50 points (+0.12%). Monday's closes: S&P 500 -0.18%, Dow Jones -0.15%, Nasdaq unchanged. The S&P 500 on Monday closed lower on negative carryover from a slide in European stocks after a gauge of German investor confidence unexpectedly declined. Stocks were also undercut by the unexpected -1.5% decline in U.S. Mar new home sales to 511,000 (weaker than expectations of +1.6% to 520,000).
June 10-year T-note prices (ZNM16 -0.04%) this morning are down -2.5 ticks at a 4-week low. Monday's closes: TYM6 -3.00, FVM6 -1.50. Jun T-notes on Monday fell to a 3-1/2 week low and closed lower on supply overhang amidst this week's $103 billion T-note auction package, the rise in the 10-year T-note breakeven inflation expectations rate to an 8-1/2 month high, and negative carryover from a fall in German bund prices to a 5-week low.
The dollar index (DXY00 -0.25%) this morning is down -0.251 (-0.26%). EUR/USD (^EURUSD) is up +0.0014 (+0.12%). USD/JPY (^USDJPY) is down-0.29 (-0.26%). Monday's closes: Dollar Index -0.274 (-0.29%), EUR/USD +0.0046 (+0.41%), USD/JPY -0.59 (-0.53%). The dollar index on Monday closed lower on weakness in USD/JPY as a slide in stocks boosted the safe-haven demand for the yen. The dollar was also hurt by strength in GBP/USD, which climbed to a 2-1/4 month high on increased hopes for Britain to remain within the EU ahead of June's referendum.
June WTI crude oil (CLM16 +1.01%) this morning is up +38 cents (+0.89%). June gasoline (RBM16 +0.88%) is up +0.0119 (+0.78%). Monday's closes: CLM6 -1.09 (-2.49%), RBM6 -0.0170 (-1.10%). Jun crude and gasoline on Monday closed lower on concern that the global crude oil glut will persist after Saudi Aramco said it will complete expansion of its Shaybah oilfield next month to boost its output capacity to 1.0 million bpd from 750,000 bpd currently. In addition, Iranian Oil Minister Zanganeh said Iran's oil production has increased by +1.0 million bpd since Jan and will continue to increase until Iran's pre-sanctions oil market share is regained.
GLOBAL EVENT CALENDAR04/26/2016
US0830 ETMar durable goods orders expected +1.8% and +0.5% ex transportation, Feb -3.0% and -1.3% ex transportation. Mar capital goods new orders nondefense ex-aircraft & parts expected +0.6%, Feb -2.5%.
0900 ETFeb S&P/CaseShiller composite-20 home price index expected +0.8% m/m and +5.5% y/y, Jan +0.8% m/m and +5.75% y/y.
0945 ETPrelim-Apr Markit services PMI expected +0.7 to 52.0, Mar +1.6 to 51.3. Apr Markit composite PMI, Mar +1.3 to 51.3.
1000 ETApr Conference Board U.S. consumer confidence index expected -0.3 to 95.9, Mar +2.2 to 96.2.
1000 ETApr Richmond Fed manufacturing survey expected -10 to 12, Mar +26 to 22.
1030 ETFOMC begins 2-day policy meeting.
1300 ETTreasury auctions $34 billion of 5-year T-notes.
CHI2130 ETChina Mar industrial profits, Feb -4.7% y/y.
2145 ETChina Apr Westpac-MNI consumer sentiment, Mar +6.8 to 118.1.
U.S. STOCK CALENDAR04/26/2016

CompanyTickerTimeEvent DescriptionPeriodEstimate
Baxter International IncBAX USBef-mktQ1 2016 Earnings ReleaseQ1 20160.292
Corning IncGLW USBef-mktQ1 2016 Earnings ReleaseQ1 20160.284
EI du Pont de Nemours & CoDD USBef-mktQ1 2016 Earnings ReleaseQ1 20161.036
Entergy CorpETR USBef-mktQ1 2016 Earnings ReleaseQ1 20161.192
Freeport-McMoRan IncFCX USBef-mktQ1 2016 Earnings ReleaseQ1 2016-0.172
Hershey Co/TheHSY USBef-mktQ1 2016 Earnings ReleaseQ1 20161.068
Eli Lilly & CoLLY USBef-mktQ1 2016 Earnings ReleaseQ1 20160.853
3M CoMMM USBef-mktQ1 2016 Earnings ReleaseQ1 20161.924
Procter & Gamble Co/ThePG USBef-mktQ3 2016 Earnings ReleaseQ3 20160.817
Ryder System IncR USBef-mktQ1 2016 Earnings ReleaseQ1 20161.048
PACCAR IncPCAR USBef-mktQ1 2016 Earnings ReleaseQ1 20160.959
Pentair PLCPNR USBef-mktQ1 2016 Earnings ReleaseQ1 20160.713
T Rowe Price Group IncTROW USBef-mktQ1 2016 Earnings ReleaseQ1 20161.032
Simon Property Group IncSPG USBef-mktQ1 2016 Earnings ReleaseQ1 20162.537
Lockheed Martin CorpLMT USBef-mktQ1 2016 Earnings ReleaseQ1 20162.602
Reynolds American IncRAI USBef-mktQ1 2016 Earnings ReleaseQ1 20160.503
DTE Energy CoDTE USBef-mktQ1 2016 Earnings ReleaseQ1 20161.49
Wyndham Worldwide CorpWYN USBef-mktQ1 2016 Earnings ReleaseQ1 20161.105
Whirlpool CorpWHR US6:00Q1 2016 Earnings ReleaseQ1 20162.684
Centene CorpCNC US6:00Q1 2016 Earnings ReleaseQ1 20160.719
Ingersoll-Rand PLCIR US6:30Q1 2016 Earnings ReleaseQ1 20160.367
Masco CorpMAS US7:00Q1 2016 Earnings ReleaseQ1 20160.262
Waters CorpWAT US7:00Q1 2016 Earnings ReleaseQ1 20161.234
McGraw Hill Financial IncMHFI US7:15Q1 2016 Earnings ReleaseQ1 20161.153
Parker-Hannifin CorpPH US7:30Q3 2016 Earnings ReleaseQ3 20161.445
FLIR Systems IncFLIR US7:30Q1 2016 Earnings ReleaseQ1 20160.321
Coca-Cola Enterprises IncCCE US8:00Annual General MeetingY 2016
EI du Pont de Nemours & CoDD US8:00Q1 2016 Earnings CallQ1 2016
Masco CorpMAS US8:00Q1 2016 Earnings CallQ1 2016
Pentair PLCPNR US8:00Q1 2016 Earnings CallQ1 2016
Baxter International IncBAX US8:30Q1 2016 Earnings CallQ1 2016
Corning IncGLW US8:30Q1 2016 Earnings CallQ1 2016
Hershey Co/TheHSY US8:30Q1 2016 Earnings CallQ1 2016
McGraw Hill Financial IncMHFI US8:30Q1 2016 Earnings CallQ1 2016
Procter & Gamble Co/ThePG US8:30Q3 2016 Earnings CallQ3 2016
Express Scripts Holding CoESRX US8:30Q1 2016 Earnings CallQ1 2016
Waters CorpWAT US8:30Q1 2016 Earnings CallQ1 2016
Centene CorpCNC US8:30Q1 2016 Earnings CallQ1 2016
Coach IncCOH US8:30Q3 2016 Earnings CallQ3 2016
Wyndham Worldwide CorpWYN US8:30Q1 2016 Earnings CallQ1 2016
American Electric Power Co IncAEP US9:00Annual General Meeting
Eli Lilly & CoLLY US9:00Q1 2016 Earnings CallQ1 2016
3M CoMMM US9:00Q1 2016 Earnings CallQ1 2016
Exelon CorpEXC US9:00Annual General Meeting
Citigroup IncC US9:00Annual General MeetingY 2016
Reynolds American IncRAI US9:00Q1 2016 Earnings CallQ1 2016
DTE Energy CoDTE US9:00Q1 2016 Earnings CallQ1 2016
Comerica IncCMA US9:30Annual General Meeting
Freeport-McMoRan IncFCX US10:00Q1 2016 Earnings CallQ1 2016
Ingersoll-Rand PLCIR US10:00Q1 2016 Earnings CallQ1 2016
International Business Machines CorpIBM US10:00Annual General MeetingY 2016
Kimco Realty CorpKIM US10:00Annual General MeetingY 2016
Wells Fargo & CoWFC US10:00Annual General MeetingY 2016
Whirlpool CorpWHR US10:00Q1 2016 Earnings CallQ1 2016
Pioneer Natural Resources CoPXD US10:00Q1 2016 Earnings CallQ1 2016
Entergy CorpETR US11:00Q1 2016 Earnings CallQ1 2016
Parker-Hannifin CorpPH US11:00Q3 2016 Earnings CallQ3 2016
PNC Financial Services Group Inc/ThePNC US11:00Annual General MeetingY 2016
Praxair IncPX US11:00Annual General MeetingY 2016
Ryder System IncR US11:00Q1 2016 Earnings CallQ1 2016
PACCAR IncPCAR US11:00Q1 2016 Earnings CallQ1 2016
FLIR Systems IncFLIR US11:00Q1 2016 Earnings CallQ1 2016
Simon Property Group IncSPG US11:00Q1 2016 Earnings CallQ1 2016
Lockheed Martin CorpLMT US11:00Q1 2016 Earnings CallQ1 2016
Centene CorpCNC US11:00Annual General MeetingY 2016
UDR IncUDR US13:00Q1 2016 Earnings CallQ1 2016
PACCAR IncPCAR US13:30Annual General Meeting
FMC CorpFMC US14:00Annual General MeetingY 2016
Capital One Financial CorpCOF US16:05Q1 2016 Earnings ReleaseQ1 20161.92
Robert Half International IncRHI US16:15Q1 2016 Earnings ReleaseQ1 20160.642
Edwards Lifesciences CorpEW US16:15Q1 2016 Earnings ReleaseQ1 20160.658
AT&T IncT US16:30Q1 2016 Earnings CallQ1 2016
Akamai Technologies IncAKAM US16:30Q1 2016 Earnings CallQ1 2016
Chipotle Mexican Grill IncCMG US16:30Q1 2016 Earnings ReleaseQ1 2016-1.054
Danaher CorpDHR US17:00ITC Final Decision Due in Instradent vs. Danaher Corp. Patent Case
Robert Half International IncRHI US17:00Q1 2016 Earnings CallQ1 2016
Total System Services IncTSS US17:00Q1 2016 Earnings CallQ1 2016
Apple IncAAPL US17:00Q2 2016 Earnings CallQ2 2016
Capital One Financial CorpCOF US17:00Q1 2016 Earnings CallQ1 2016
eBay IncEBAY US17:00Q1 2016 Earnings CallQ1 2016
Edwards Lifesciences CorpEW US17:00Q1 2016 Earnings CallQ1 2016
Chipotle Mexican Grill IncCMG US17:00Q1 2016 Earnings CallQ1 2016
Aflac IncAFL USAft-mktQ1 2016 Earnings ReleaseQ1 20161.626
AT&T IncT USAft-mktQ1 2016 Earnings ReleaseQ1 20160.692
Public StoragePSA USAft-mktQ1 2016 Earnings ReleaseQ1 20162.194
Torchmark CorpTMK USAft-mktQ1 2016 Earnings ReleaseQ1 20161.063
Total System Services IncTSS USAft-mktQ1 2016 Earnings ReleaseQ1 20160.613
Apple IncAAPL USAft-mktQ2 2016 Earnings ReleaseQ2 20161.998
KLA-Tencor CorpKLAC USAft-mktQ3 2016 Earnings ReleaseQ3 20160.98
Cincinnati Financial CorpCINF USAft-mktQ1 2016 Earnings ReleaseQ1 20160.727
Equity ResidentialEQR USAft-mktQ1 2016 Earnings ReleaseQ1 20160.758
Realty Income CorpO USAft-mktQ1 2016 Earnings ReleaseQ1 20160.705
Boston Properties IncBXP USAft-mktQ1 2016 Earnings ReleaseQ1 20161.587
CH Robinson Worldwide IncCHRW USAft-mktQ1 2016 Earnings ReleaseQ1 20160.818
FirstEnergy CorpFE USAft-mktQ1 2016 Earnings ReleaseQ1 20160.759
eBay IncEBAY USAft-mktQ1 2016 Earnings ReleaseQ1 20160.446
Akamai Technologies IncAKAM USAft-mktQ1 2016 Earnings ReleaseQ1 20160.631
FMC Technologies IncFTI USAft-mktQ1 2016 Earnings ReleaseQ1 20160.299
Assurant IncAIZ USAft-mktQ1 2016 Earnings ReleaseQ1 20161.213
PerkinElmer IncPKI USAnnual General Meeting
EOG Resources IncEOG USAnnual General Meeting
Noble Energy IncNBL USAnnual General Meeting
BB&T CorpBBT USAnnual General Meeting
SunTrust Banks IncSTI USAnnual General Meeting
VF CorpVFC USAnnual General MeetingY 2016
Perrigo Co PLCPRGO USAnnual General Meeting
Apartment Investment & Management CoAIV USAnnual General Meeting
Affiliated Managers Group IncAMG USQ1 2016 Earnings ReleaseQ1 20162.922
Coach IncCOH USQ3 2016 Earnings ReleaseQ3 20160.414
Wynn Resorts LtdWYNN USQ1 2016 Earnings ReleaseQ1 20160.768
Teradata CorpTDC USAnnual General Meeting
Spectra Energy CorpSE USAnnual General Meeting
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Monday, March 28, 2016

Spark Energy Sell Signals

This morning I deleted Spark Energy (SPKE) for the Barchart Van Meerten New High portfolio for negative price momentum.


Barchart technical indicators:
  • 72% technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 24.48% off its recent high
  • Relative Strength Index 35.15%
  • Recently traded at 21.04  which is below its 50 day moving average of 24.18
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Monday, February 1, 2016

Some buy signals

As I write this post I am adding some stocks to the Barchart Van Meerten New High portfolio not because I see the market recovering as much as I see it bottoming out.  If you look the the chart of the Value Line Arithmetic you will see that it appears to be trading off a bottom.  The stocks I'm adding are those taken from the Russsell 3000 Index that have technical buying signals of 100% at the time I place the trade:



The stocks added:

  1.  YORW York Water
  2. XEL XCEL Energy
  3. WTR Aqua America
  4. WGL WGL Holding
  5. WEC Wisconsin Energy
  6. T AT&T
  7. SYA Symetra Financial
  8. STZ Consellation Brands
  9. STOR Store Capital
  10. SSS Sovran Self Storage
  11. SPKE Spark Energy
  12. SERV Service Master Global
  13. SCG Scana
  14. SAFM Sanderson Farms
  15. SO Southern Company
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Wednesday, January 27, 2016

Spark Energy - Chart of the Day

Spark Energy (SPKE) is the Barchart Chart of the Day.  The electric utility company has a Trend Spotter buy signal. a Weighted Alpha of 85.70+, gained 65.62% in the last year and paid a 6.09% dividend.

The Chart of the Day belongs to Spark Energy (SPKE).  I found the electric utility stock by using Barchart to sort the Russell 3000 Index stocks first for the highest technical buy signals, then I used the Flipchart feature to review the charts.  Since the  Trend Spotter signaled a buy on 12/7 the stock gained 33.76%.

Spark Energy, Inc. is an independent retail energy services company. It provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The company is involved in the retail distribution of natural gas and electricity. It also offers renewable and carbon neutral products. Spark Energy, Inc. is headquartered in Houston, Texas.

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
  • 6 new highs and up 24.49% in the last month
  • Relative Strength Index 72.71%
  • Technical support level at 23.22
  • Recently traded at 24.20 with a 50 day moving average of 19.73
Fundamental factors:
  • Market Cap $343.48 million
  • P/E 10.35
  • Dividend yield 6.09%
  • Revenue expected to grow 12.30% this year and another 10.10% next year
  • Earnings estimated to increase 11.40% this year and an additional 7.20% next year
  • Wall Street analysts issued 1 strong buy, 1 buy and 3 old recommendations on the stock
This is really not a trading stock but should be held for the dividend and placed on a DRIP
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Thursday, December 24, 2015

MORNING CALL 12/24

MORNING CALL

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH16 +0.05%) are down -0.05% and European stocks are down -0.15% in thin uninspired holiday trade. The U.S. equity markets shut early today at 1300 EST for Christmas Eve and markets in the U.K., France and Netherlands also close early, while Germany, Switzerland and Italy are closed all day. Weakness in crude oil is pushing energy producers lower, while miners and raw-material producers are weaker after a +1,525 MT increase in LME copper inventories to a 2-week high undercuts copper prices. Asian stocks settled mixed: Japan -0.51%, Hong Kong +0.44%, China-0.65%, Taiwan +0.10%, Australia +1.28%, Singapore +0.49%, South Korea -0.49%, India -0.04%. China's Shanghai Composite closed lower, led by weakness in health-care and property companies, on speculation that new initial public offerings (IPOs) will divert funds away from existing stocks. Japan's Nikkei Stock Index closed lower as the yen rallied to a 1-3/4 month high against the dollar, which reduces the earnings prospects of exporter stocks and pushed them lower.
The dollar index (DXY00 -0.24%) is down -0.36% at a 1-week low. EUR/USD (^EURUSD) is up +0.29%. USD/JPY (^USDJPY) is down -0.45% at a 1-3/4 month low.
Mar T-note prices (ZNH16 unch) are up +1.5 ticks.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly initial unemployment claims (expected -1,000 to 270,000, previous -11,000 to 271,000) and continuing claims (expected -38,000 to 2.200 million, previous -7,000 to 2.238 million), and (2) the Treasury's announcement of next week's sale of 2, 5 and 7- year T-notes. The NYSE closes early today at 1:00 PM ET, CME equity and interest rate futures close early at 1:15 PM ET, and CME energy and metals products close early at 1:45 PM ET.
None of the Russell 3000 companies report earnings today.
U.S. IPO's scheduled to price today: none.
Equity conferences this week: none.







OVERNIGHT U.S. STOCK MOVERS
Freeport-McMoRan (FCX +16.04%) is up over 1% in pre-market trading on positive carryover from Wednesday's 16% surge.
Spark Energy (SPKE +1.65%) was cut to 'Hold' from 'Buy' at Wunderlich.
TransMontaigne Partners LP (TLP +4.59%) was raised to a 'Buy' at Stifel with a price target of $27.
Billionaire investor Carl Icahn reported a 12.1% stake in Pep Boys Manny Moe & Jack (PBY +3.02%) .
Hyatt Hotels (H +2.96%) dropped over 1% in after-hours trading after it said it found malware on its payment processing computers.
Caesars Entertainment (CZR +1.75%) climbed over 2% in after-hours trading after an appeals court in Chicago ruled that two lower-court judges used faulty reasoning to deny Caesars’s request to halt a series of New York lawsuits that threaten to put its parent company into bankruptcy.
Cal-Maine Foods (CALM +1.72%) slipped nearly 4% in after-hours trading after it reported Q2 EPS of $2.26, below consensus of $2.40.
Norfolk Southern (NSC +0.91%) declined over 1% in after-hours trading after it said it rejected a higher bid from Canadian Pacific Railway saying the offer was "grossly inadequate."
MannKind (MNKD +2.67%) named Duane DeSisto, previous CEO of Insulet from 20013-2014, as its new CEO.
Agenus (AGEN +1.58%) rose over 3% in after-hours trading after it acquired PhosImmune for $9.9 million.
MARKET COMMENTS
Mar E-mini S&Ps (ESH16 +0.05%) this morning are down -1.00 point (-0.05%). Wednesday's closes: S&P 500 +1.24%, Dow Jones +1.06%, Nasdaq +0.77%. The S&P 500 on Wednesday closed higher on (1) the as-expected +0.3% increase in U.S. personal spending and the +0.3% increase in Nov personal income, stronger than expectations of +0.2%, and (2) the +0.8 point increase in the final U.S. Dec University of Michigan consumer sentiment to 92.6, stronger than expectations of +0.2 to 92.0 and a 5-month high. Stocks also received a boost from strength in energy and commodity producers after crude oil prices rallied sharply.
Mar 10-year T-notes (ZNH16 unch) this morning are up +1.5 ticks. Wednesday's closes: TYH6 -5.50, FVH6 -2.00. Mar T-notes on Wednesday closed lower on reduced safe-haven demand with the rally in stocks and on the sharp rally in crude oil prices that boosted inflation expectations as the 10-year T-note breakeven inflation rate rose to a 1-1/2 week high.
The dollar index (DXY00 -0.24%) this morning is down -0.250 (-0.36%) at a 1-week low. EUR/USD (^EURUSD) is up +0.0032 (+0.29%). USD/JPY (^USDJPY) is down -0.55 (-0.45%) at a 1-3/4 month low. Wednesday's closes: Dollar Index +0.106 (+0.11%), EUR/USD -0.0045 (-0.41%), USD/JPY-0.15 (-0.12%). The dollar index on Wednesday closed higher on (1) the stronger-than-expected U.S. Nov personal income report (+0.3% vs. expectations of +0.2%), which bolsters the case for the Fed to keep raising interest rates, and (2) the stronger-than-expected U.S. Dec University of Michigan consumer sentiment that rose to a 5-month high.
Feb crude oil (CLG16 +0.69%) this morning is down -7 cents (-0.19%) and Feb gasoline (RBG16 +1.44%) is up +0.0037 (+0.30%). Wednesday's closes: CLG6 +1.75 (+4.84%), RBG6 +0.0840 (+7.08%). Feb crude oil and gasoline on Wednesday settled sharply higher on the unexpected -5.88 million bbl decline in weekly EIA crude inventories, and the +1.11 million bbl increase in EIA gasoline supplies (vs expectations of +1.50 million bbl).
GLOBAL EVENT CALENDAR12/24/2015
US0830 ETWeekly initial unemployment claims expected -1,000 to 270,000, previous -11,000 to 271,000. Weekly continuing claims expected-38,000 to 2.200 million, previous -7,000 to 2.238 million.
0830 ETUSDA weekly Export Sales.
1100 ETTreasury announces amount of 2-year T-notes (previous $26 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Dec 28-30.
1300 ETNYSE closes early.
1315 ETEarly closes for CME equity and interest rate futures markets.
1345 ETEarly closes for CME energy, metals and DME products.
JPN1830 ETJapan Nov overall household spending expected -2.2% y/y, Oct -2.4% y/y.
1830 ETJapan Nov jobless rate expected +0.1 to 3.2%, Oct 3.1%. Nov job-to-applicant ratio expected unch at 1.24.
1830 ETJapan Nov national CPI expected +0.3% y/y, Oct +0.3% y/y. Nov national CPI ex-fresh food expected unch y/y, Oct -0.1% y/y. Nov national CPI ex food & energy expected +0.8% y/y, Oct +0.7% y/y.
1830 ETJapan Dec Tokyo CPI expected +0.1% y/y, Nov +0.2% y/y. Dec Tokyo CPI ex fresh food expected +0.1% y/y, Nov unch y/y. Dec Tokyo CPI ex food & energy expected +0.6% y/y, Nov +0.6% y/y.
1850 ETJapan Nov PPI services expected +0.4% y/y, Oct +0.5% y/y.
U.S. STOCK CALENDAR12/24/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
No events
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Friday, November 27, 2015

Spark Energy - Chart of the Day

Spark Energy (SPKE) is the Barchart Chart of the Day.  The energy services company has a Trend Spotter buy signal, a Weighted Alpha of 40.60+ and gained 32.44% in the last year while paying a 7.60% dividend.

The Chart of the Day belongs to Spark Energy (SPKE).  I found the energy services stock by using Barchart to sort the Russell 3000 Index stocks for the highest number of new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy in 9/17 the stock gained 12.18%.

Spark Energy, Inc. is an independent retail energy services company. It provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The company is involved in the retail distribution of natural gas and electricity. It also offers renewable and carbon neutral products. Spark Energy, Inc. is headquartered in Houston, Texas.

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:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 12.72% in the last month
  • Relative Strength Index 64.87%
  • Barchart computes a technical support level at 17.64
  • Recently traded at 18.69 with a 50 day moving average of 17.00
Fundamental factors:
  • Market Cap $258.86 million
  • P/E 8.29
  • Dividend yield 7.60%
  • Revenue expected to grow 11.90% this year and another 9.60% next year
  • Earnings estimated to increase 7.40% this year
  • Wall Street analysts issued 2 strong buy, 1 buy and 1 hold recommendation on the stock
The 20-100 Day MACD Oscillator has been the most reliable technical trading strategy for this stock.
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Monday, August 10, 2015

/BARCHART MORNING CALL



OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU15 +0.41%) are up +0.29% on increased M&A activity led by a 17% jump in Precision Castparts in pre-market trading on reports that Berkshire Hathaway was in talks to buy the company. European stocks are up +0.55%, led by a +1.2% increase in ASML Holding NV, which boosted technology stocks. Gains were limited as miners and energy producers declined on Chinese economic concerns after China Jul exports and imports fell more than expected. Asian stocks closed mostly higher: Japan +0.41, Hong Kong -0.13%, China +4.92%, Taiwan +0.29%, Australia +0.63%, South Korea -0.25%, India -0.48%. China's Shanghai Stock Composite jumped nearly 5% to a 2-week high on speculation that the government will boost stimulus measures to revive the economy after China Jul exports and imports fell more than expected and after China Jul producer prices fell by the most in 5-3/4 years. Chinese stocks also received a boost after the South China Morning Post reported that China's cabinet has approved plans to overhaul state-owned enterprises to allow mergers that may boost the economy.
The dollar index (DXY00 +0.15%) is up +0.32%. EUR/USD (^EURUSD) is down -0.34%. USD/JPY (^USDJPY) is up +0.39%.

Sep T-note prices (ZNU15 -0.11%) are down -6 ticks.
Eurozone Aug Sentix inventor confidence unexpectedly fell -0.1 to 18.4, weaker than expectations of +1.8 to 20.3.
China Jul CPI rose +1.6% y/y, more than expectations of +1.5% y/y and the most in 9 months. Jul PPI fell -5.4% y/y, weaker than expectations of -5.0% y/y and the fastest pace of decline in 5-3/4 years.
The China Jul trade balance unexpectedly shrank to a +$43.03 billion surplus from +$46.54 billion in Jun, when expectations were for a widening of the surplus to +$54.70 billion. Jul exports fell -8.3% y/y, more than expectations of -1.5% y/y and the biggest decline in 4 months. Jul imports fell -8.1% y/y, close to expectations of -8.0% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Atlanta Fed President Dennis Lockhart's opening remarks at an Atlanta Fed conference titled “Developing Qualified Workers: Pathways to Employability for High School Students and Graduates,” and (2) Atlanta Fed President Dennis Lockhart's speech to the Atlanta Press Club.
There are 6 of the S&P 500 companies that report earnings today: Kraft Heinz (consensus $0.84), CenterPoint Energy (0.19), Sysco (0.49), AES (0.26), Endo International (1.01), International Flavors & Fragrances (1.35).
U.S. IPO's scheduled to price today include: none.
Equity conferences this week include: Pacific Crest Global Technology Leadership Forum on Mon-Tue, Goldman Sachs Power, Utility, MLP & Pipeline Conference on Tue, J.P. Morgan Auto Conference on Tue-Wed, Oppenheimer Technology, Internet & Communications Conference on Tue-Wed, Jefferies Industrials Conference on Tue-Thu, Cowen and Co. Communications Infrastructure Summit on Wed, Canaccord Genuity Growth Conference on Wed-Thu, Nomura Media & Telecom Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Precision Castparts (PCP +0.04%) surged 17% in pre-market trading on reports that Berkshire Hathaway was in talks to purchase the company for $37.2 billion.
Genesis Healthcare (GEN +4.04%) was upgraded to 'Outperform' from 'Sector Perform' at RBC Capital.
Transocean (RIG -1.95%) was upgraded to 'Hold' from 'Underperform' at Jefferies.
AES Corp. (AES +0.32%) reported Q2 adjusted EPS of 25 cents, below consensus of 27 cents.
Intuit (INTU +1.22%) was downgraded to 'Market Perform' from 'Outperform' at Raymond James.
Westlake Chemical (WLK -3.82%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.
Piper Jaffray maintains an 'Overweight' rating on Electronic Arts (EA -0.88%) and raised its price target on the stock to $85 from $79.
Endo International PLC (ENDP +2.51%) reported Q2 EPS of $1.08, higher than consensus of $1.01.
Berkshire Hathaway (BRK.B +0.14%) fell over 1% in European trading after it reported Q2 operating EPS of $2,367, below consensus of $3,038.
JP Morgan Chase reported a 10.2% passive stake in Spark Energy (SPKE -0.97%) .
The New Home Company (NWHM -4.36%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan Chase.
Lehigh Gas (LDP +0.04%) was downgraded to 'Perform' from 'Outperform' at Oppenheimer.
Intel reported a 5.0% passive stake in CareDx (CDNA +1.11%) .
Sands Capital reported a 10.9% passive stake in LendingClub (LC -0.78%) .
MARKET COMMENTS
Sep E-mini S&Ps (ESU15 +0.41%) this morning are up +6.00 points (+0.29%). Friday's closes: S&P 500 -0.29%, Dow Jones -0.27%, Nasdaq -0.19%. The S&P 500 on Friday fell to a 1-1/2 week low and closed lower on (1) increased fears of a Fed rate hike after the as-expected +215,000 increase in U.S. July payrolls, and (2) weakness in energy and commodity producers after crude oil fell to a 4-1/2 month low and copper plunged to a 6-year low.
Sep 10-year T-note prices (ZNU15 -0.11%) this morning are down -6 ticks. Friday's closes: TYU5 +14.0, FVU5 +4.50. Sep T-note prices on Friday closed higher on benign wage pressures after U.S. Jul average hourly earnings rose +2.1% y/y, less than expectations of +2.3% y/y, and on increased safe-haven demand for T-notes after the S&P 500 fell to a 1-1/2 week low.
The dollar index (DXY00 +0.15%) this morning is up +0.314 (+0.32%). EUR/USD (^EURUSD) is down -0.0037 (-0.34%). USD/JPY (^USDJPY) is up +0.49 (+0.39%). Friday's closes: Dollar Index -0.270 (-0.28%), EUR/USD +0.00404 (+0.37%), USD/JPY -0.550 (-0.44%). The dollar index on Friday posted a 3-1/2 month high but gave up its gains and closed lower on pre-weekend long liquidation pressure. USD/JPY fell after the S&P 500 dropped to a 1-1/2 week low and boosted the safe-haven demand for the yen. The dollar index saw some early support on Friday on the July +215,000 U.S. payroll report, which was strong enough to allow the Fed to go through with a rate hike later this year.
Sep crude oil (CLU15 +0.39%) this morning is up +4 cents (+0.09%) and Sep gasoline (RBU15 +1.12%) is up +0.0206 (+1.27%). Friday's closes: CLU5 -0.79 (-1.77%), RBU5 -0.0248 (-1.51%). Sep crude oil and gasoline on Friday closed lower with Sep crude at a 4-1/2 month low and Sep gasoline at a 5-1/2 month low. Negative factors included the early rally in the dollar index to a 3-1/2 month high and concern the U.S. supply glut will persist with U.S. crude inventories 94 million bbl above the 5-year seasonal average. Crude oil prices rebounded higher from the day's lows afer the dollar index moved lower.
GLOBAL EVENT CALENDAR08/10/2015
US0900 ETAtlanta Fed President Dennis Lockhart delivers opening remarks at an Atlanta Fed conference titled Developing Qualified Workers: Pathways to Employability for High School Students and Graduates.
1100 ETUSDA weekly grain export inspections.
1225 ETAtlanta Fed President Dennis Lockhart speaks to the Atlanta Press Club.
1600 ETUSDA weekly crop progress.
JPN0030 ETJapan Jul bankruptcies, Jun -4.73% y/y.
0100 ETJapan Jul consumer confidence index, Jun 41.7.
0200 ETJapan Jul eco-watchers survey current, Jun 51.0. Jul eco-watchers survey outlook, Jun 53.5.
EUR0430 ETEurozone Aug Sentix investor confidence expected +1.8 to 20.3, Jul 18.5.
UK1901 ETUK Jul BRC sales like-for-like, Jun 1.8% y/y.
U.S. STOCK CALENDAR08/10/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
American Airlines Group IncAAL USBef-mktJuly 2015 Sales and Revenue Release - Traffic Results2015
CenterPoint Energy IncCNP USBef-mktQ2 2015 Earnings ReleaseQ2 20150.186
Sysco CorpSYY USBef-mktQ4 2015 Earnings ReleaseQ4 20150.493
AES Corp/VAAES USBef-mktQ2 2015 Earnings ReleaseQ2 20150.26
Endo International PLCENDP USBef-mktQ2 2015 Earnings ReleaseQ2 20151.012
Endo International PLCENDP US8:00Q2 2015 Earnings CallQ2 2015
Qorvo IncQRVO US8:30Annual General Meeting
AES Corp/VAAES US9:00Q2 2015 Earnings CallQ2 2015
Sysco CorpSYY US10:00Q4 2015 Earnings CallQ4 2015
CenterPoint Energy IncCNP US11:30Q2 2015 Earnings CallQ2 2015
International Flavors & Fragrances IncIFF USAft-mktQ2 2015 Earnings ReleaseQ2 20151.348
Kraft Heinz Co/TheKHC USAft-mktQ2 2015 Earnings ReleaseQ2 20150.841
Equifax IncEFX USInvestor Meeting - FrankfurtY 2015
Gap Inc/TheGPS USJuly 2015 Sales and Revenue Release2015
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