5 Mid Caps for MOmentum Investors

Today I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the most frequent number of new highs in the last month then again for technical buy signals of 80% or more.  Next I used the Flipchart feature to review the chart for consistency.  Today's watch list includes:

Steel Dynamics (STID, Hill-Rom (HRC), RPM International (RPM), Potlach (PCH), and Greif Bros (GEF)

Steel Dynamics (STLD)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 12.38% in the last month
• Relative Strength index 74.22%
• Technical support level at 24.13
• Recently traded at 24.69 with a 50 day moving average of 20.98

Hill-Rom (HRC)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 14.46% in the last month
• Relative Strength Index 71.54%
• Technical support level at 52.86
• Recently traded at 53.97 with a 50 day moving average of 48.54

RPM International (RPM)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 14.04% in the last month
• Relative Strength Index 81.55%
• Technical support level at 60.65
• Recently traded at 51.42 with a 50 day moving average of 44.49

Potlach (PCH)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 9.90% in the last month
• Relative Strength Index 72.76%
• Technical support level at 33.56
• Recently traded at 33.95 with a 50 day moving average of 29.56

Greif Bros (GEF)

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 16.89% in the last month
• Relative Strength Index 73.14%
• Technical support level at 34.45
• Recently traded at 36.04 with a 50 day moving average of 29.46

BARCHART

BARCHART MORNING CALL

Wednesday, September 23rd, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 +0.31%) rebounded from a 2-week low and are up +0.21% and European stocks recovered from a 4-week low and are up +0.84% after the new orders sub-index in the Eurozone Sep Markit manufacturing PMI rose to a 5-month high, which signals increased production in the coming months. Stocks also found support after a rally in crude oil and copper boosted energy producers and basic-resource companies. Stocks had been weaker and emerging markets closed mostly lower after a gauge of Chinese manufacturing activity unexpectedly fell to its lowest in 6-1/2 years. Asian stocks closed mostly lower: Japan closed for holiday, Hong Kong -2.29%, China -2.19%, Taiwan -2.06%, Australia -2.07%, Singapore-0.79%, South Korea -1.85%, India +0.67%.

The dollar index (DXY00 -0.12%) is down -0.11% as it fall back from a 2-week high. EUR/USD (^EURUSD) is up +0.36% and recovered from a 2-week low after ECB Governing Council member Nowotny said he's wary of expanding QE. USD/JPY (^USDJPY) is up +0.06%.

Dec T-note prices (ZNZ15 -0.13%) are down -7 ticks.

ECB Governing Council member Nowotny said he's wary of increasing QE any time soon and that the question of whether more easing is needed "deserves a much more thorough examination."

The China Sep Caixin manufacturing PMI unexpectedly fell -0.3 to 47.0, weaker than expectations of +0.2 to 47.5 and the steepest pace of contraction in 6-1/2 years.

The Eurozone Sep Markit manufacturing PMI fell -0.3 to 52.0, right on expectations and matched April's reading as the slowest pace of growth in 7 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -7.0% with purchase sub-index -4.2% and refi sub-index -9.1%), (2) prelim-Sep Markit manufacturing PMI (expected -0.2 to 52.8, Aug 53.0), (3) Atlanta Fed President Dennis Lockhart's speech on the economy to the Buckhead Rotary Club in Atlanta, and (4) the Treasury's auction of $35 billion of 5-year T-notes and $13 billion of 2-year floating rate notes.

There is 1 company in the Russell 1000 index that reports earnings today: Lumentum Holdings (consensus $0.20).

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

Equity conferences during the remainder of this week include: Mitsubishi UFJ Securities: Utilities Conference - New York on Thu.

OVERNIGHT U.S. STOCK MOVERS

A.O. Smith (AOS -2.12%) was initiated with a 'Buy' at BB&T with a price target of $80.

Raytheon (RTN -1.18%) was upgraded to 'Outperform' from 'Market Perform' at Bernstein.

Carnival Cruise Lines (CCL -5.49%) was upgraded to 'Buy' from 'Neutral' at Nomura.

Sherwin-Williams (SHW -2.87%) was downgraded to 'Neutral' from 'Buy' at Longbow.

Intel (INTC -1.68%) was upgraded to 'Market Perform' from 'Underperform' at Bernstein.

CarMax (KMX -4.69%) was downgraded to 'Perform' from 'Outperform' at Oppenheimer.

Laredo Petroleum (LPI -0.96%) was downgraded to 'Underperform' from 'Neutral' at BofA/Merrill Lynch.

Cytec Industries (CYT -0.08%) was downgraded to 'Hold' from 'Buy' at Jefferies.

Volkswagen (VLKAY -15.48%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan Chase.

Reuters reports that Wells Fargo (WFC -1.67%) is being sued by Oakland, California for "steering" minorities into high-cost mortgages that allegedly led to foreclosures and abandoned properties,

Integrated Core Strategies reported a 4.6% passive stake in WPX Energy (WPX -2.32%) .

Copart (CPRT -2.05%) reported Q4 EPS of 44 cents, higher than consensus of 39 cents.

Heron Therapeutics (HRTX -3.20%) surged 19% in after-hours trading after a Phase 2 study of its HTX-011 drug meets primary endpoint in the management of post-operative pain in patients undergoing bunionectomy.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 +0.31%) this morning are up +4.00 points (+0.21%). Tuesday's closes: S&P 500 -1.23%, Dow Jones -1.09%, Nasdaq -1.43%. The S&P 500 on Tuesday dropped to a 2-week low and closed lower on the unexpected -5 point drop in the Sep Richmond Fed manufacturing survey to -5, weaker than expectations of +2 to 2 and the steepest pace of contraction in 2-1/2 years. In addition, raw-material and energy-producer stocks saw weakness after commodity prices slumped. Meanwhile, biotech and pharmaceutical stocks sold-off after Hillary Clinton said she will propose price caps and research-and-development spending guidelines for the pharmaceutical industry.

Dec 10-year T-notes (ZNZ15 -0.13%) this morning are down -7 ticks. Tuesday's closes: TYZ5 +23.50, FVZ5 +12.00. Dec T-notes on Tuesday rose to a 3-week high and closed higher on reduced inflation expectations after the 10-year T-note breakeven inflation rate fell to a 4-week low, and on increased safe-haven demand for T-notes after the S&P 500 tumbled to a 2-week low.

The dollar index (DXY00 -0.12%) this morning is down -0.103 (-0.11%) as it retreats from a 2-week high. EUR/USD (^EURUSD) is up +0.0040 (+0.35%) as it rebounds from a 2-week low. USD/JPY (^USDJPY) is up +0.07 (+0.06%). Tuesday's closes: Dollar Index +0.389 (+0.41%), EUR/USD -0.0070(-0.63%), USD/JPY -0.41 (-0.34%). The dollar index on Tuesday climbed to a 1-1/2 week high and closed higher on (1) the larger-than-expected increase in July FHFA home prices, which bolsters the case for a Fed interest rate increase, and (2) weakness in EUR/USD which slid to a 2-week low on speculation the ECB may boost stimulus after ECB Executive Board member Praet said that policy makers would "forcefully react" to defend their inflation objective.

Nov crude oil (CLX15 +0.97%) this morning is up +21 cents (+0.45%_ and Nov gasoline (RBX15 +0.16%) is down -0.0033 (-0.24%). Tuesday's closes: CLX5 -0.60 (-1.28%), RBX5 +0.0139 (+1.00%). Nov crude oil and gasoline prices on Tuesday settled mixed. Crude oil prices were undercut by the rally in the dollar index to a 1-1/2 week high, and by news that Iran has cooperated in allowing the IEAE access to Iran's nuclear facilities, which is a critical step towards getting sanctions dropped. Gasoline closed higher on supply concerns after Marathon Oil said it will shut its Catlettsburg, KY, 277,000 bpd refinery for repairs and Northern Tier St. Paul Park said it will close its 90,500 bpd refinery for unplanned repairs.

GLOBAL EVENT CALENDAR09/23/2015

US	0700 ET	Weekly MBA mortgage applications, previous -7.0% with purchase sub-index -4.2% and refi sub-index -9.1%.
	0945 ET	Prelim-Sep Markit manufacturing PMI expected -0.2 to 52.8, Aug 53.0.
	1030 ET	EIA Weekly Petroleum Status Report.
	1130 ET	Treasury auctions $13 billion of 2-year floating rate notes.
	1230 ET	Atlanta Fed President Dennis Lockhart speaks on the economy to the Buckhead Rotary Club in Atlanta.
	1300 ET	Treasury auctions $35 billion of 5-year T-notes.
GER	0330 ET	German Sep Markit/BME manufacturing PMI expected -0.7 to 52.6, Aug 53.3.
	0330 ET	German Sep Markit services PMI expected -0.4 to 54.5, Aug 54.9.
EUR	0400 ET	Eurozone Sep Markit manufacturing PMI expected -0.3 to 52.0, Aug 52.3. Sep Markit composite PMI expected -0.3 to 54.0, Aug 54.3.
	0900 ET	ECB President Mario Draghi delivers introductory statement at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament.
JPN	2135 ET	Japan Sep Nikkei manufacturing PMI expected -0.5 to 51.2, Aug 51.7.

U.S. STOCK CALENDAR09/23/2015

Company	Ticker	Time	Event Description	Period	Estimate
Golar LNG Ltd	GLNG US	8:00	Annual General Meeting	Y 2015
Steel Dynamics Inc	STLD US	9:30	Investor Day	Y 2015
Liberty Broadband Corp	LBRDA US	10:30	Extraordinary Shareholders Meeting	Y 2015
Copart Inc	CPRT US	11:00	Q4 2015 Earnings Call	Q4 2015
Raymond James Financial Inc	RJF US		August 2015 Sales and Revenue Release - Operating Data	2015
Lumentum Holdings Inc	LITE US		Q4 2015 Earnings Release	Q4 2015	0.199

The 5 Best Mid Caps

Today I wanted to find the 5 best Mid Cap stocks so I used Barchart to sort the S&P 400 Mid Cap Index stocks for the highest technical buy signals, then used the Flipchart feature to find the charts I liked.

Today's list includes Waste Connections (WCN), Steel Dynamics (STLD), KBR Inc (KBR), Hologic (HOLX) and Zebra Technologies (ZBRA).

Waste Connections (WCN)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 2.63% in the last year
• Relative Strength Index 63.31%
• Barchart computes a technical support level at 47.96
• Recently traded at 48.63 with a 50 day moving average of 47.64

Steel Dynamics (STLD)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 1.50% in the last month
• Relative Strength Index 62.96%
• Barchart computes a technical; support level at 21.42
• Recently traded at 22.46 with a 50 day moving average of 21.24

KBR Inc (KBR)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 11.57% in the last month
• Relative Strength Index 73.28%
• Barchart computes a technical support level at 18.62
• Recently traded at 19.43 with a 50 day moving average of 16.61

Hologic (HOLX)

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 6.47% in the last month
• Relative Strength Index 68.76%
• Barchart computes a technical support leve at 35.51
• Recently traded at 36.17 with a 50 day moving average of 33.26

Zebra Technologies (ZBRA)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 23.36% in the last month
• Relative Strength Index 77.74%
• Barchart computes a technical support level at 108.37
• Recently traded at 113.96 with a 50 day moving average of 97.53

The 5 Best Mid Caps

One of the best ways to discover Mid Cap stocks that are breaking out to the upside is to use Barchart to sort the S&P 400 Mid Cap stock index for the stocks having the most frequent up days in the last month then use the Flipchart feature to review the charts.

Today's Mid Cap breakout stocks are Steel Dynamics (STLD), Polyone (POL), Ciena (CIEN), SEI Investments (SEIC) and Carpenter Technology (CRS).

Steel Dynamics (STLD)

Barchart technical indicators:

• 72% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 8.49% in the last month
• Relative Strength Index 64.39%
• Barchart computes a technical support level at 21.75
• Recently traded at 22.15 with a 50 day moving average of 20.95

Polyone (POL)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 9.73% in the last month
• Relative Strength Index 64.00%
• Barchart computes a technical support level at 40.04
• Recently traded at 40.7 with a 50 day moving average of 38.54

Ciena (CIEN)

Barchart technical indicators:

• 16% Barchat technical buy signals
• Trend Spotter buy signal
• Above its 50 and 100 day moving averages
• 14 new highs and up 11.16% in the last month
• Relative Strength Index 49.54%
• Barchart computes a technical support level at 20.85
• Recently traded at 21.11 with a 50 day moving average of 20.77

SEI Investments (SEIC)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 4.92% in the last month
• Relative Strength Index 58.61%
• Barchart computes a technical support level at 46.16
• Recently traded at 46.06 with a 50 day moving average of 44.10

Carpenter Technology (CRS)

Barchart technical indicators:

• 72% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 23.85% in the last month
• Relative Strength Index 76.14%
• Barchart computes a technical support level at 43.78
• Recently traded at 44.85 with a 50 day moving average of 40.02

BARCHART MORNING CALL 4/21

BARCHART MORNING CALL Tuesday, April 21st, 2015View Older Reports Everything you need to know about the markets in one free daily newsletter. E-mail: You will also receive a free subscription to the Barchart family of newsletters. OVERNIGHT MARKETS AND NEWS June E-mini S&Ps (ESM15 +0.37%) this morning are up +0.31% amid merger activity and corporate earnings. Mylan NV surged 13% in pre-market trading after people with knowledge of the matter said Teva Pharmaceutical Industries Ltd. is preparing an unsolicited offer for the company, while Lam Research climbed nearly 10% in European trading after it reported Q3 profit that was above consensus. European stocks gave up an early advance and are down -0.05% after the German Apr ZEW investor confidence unexpectedly fell for the first time in 6 months. Greek funding concerns are another negative as the yield on the Greek 10-year bond rose to a 2-1/3 year high of 13.56%. The Greek government on Monday ordered local administrations to move funds to Greece's central bank as it struggles to find funds for salaries and a repayment to the IMF. Asian stocks closed mostly higher as the action by the PBOC to lower reserve-requirement ratios for banks outweighed efforts by Chinese regulators to curb speculative trading: Japan +1.40%, Hong Kong +2.79%, China +1.82%, Taiwan -0.20%, Australia +0.67%, Singapore +0.15%, South Korea -0.14%, India -0.75%. Commodity prices are mixed. May crude oil (CLK15 -0.50%) is down -0.27% and May gasoline (RBK15 -1.32%) is down -0.93% on expectations that Wednesday's EIA data will show crude stockpiles rose +2.5 million bbl, exacerbating a supply glut. Metals prices are mixed. Jun gold (GCM15 +0.49%) is up +0.38%. May copper (HGK15 -0.48%) is down -0.46%. Agriculture prices are weaker. The dollar index (DXY00 +0.16%) is up +0.35%. EUR/USD (^EURUSD) is down -0.55%%. USD/JPY (^USDJPY) is up +0.23%. Jun T-note prices (ZNM15 +0.13%) are up +3.5 ticks. EUR/USD is lower on Greek funding concerns after people with knowledge of the discussions said the ECB staff has produced a proposal to increase the haircuts Greek lenders take on the collateral they post when borrowing from the Bank of Greece. Greek banks currently have access to 74 billion euros of emergency funds from the Greek central bank, an amount that is increasing and is under review each week from the ECB Governing Council. The German Apr ZEW survey of expectations for economic growth unexpectedly fell for the first time in six months as it declined -1.5 to 53.3, weaker than expectations of a +0.5 point increase to 55.3. The Apr ZEW survey current situation, however, jumped +15.1 to 70.2, well above expectations of +1.4 to 56.5 and the highest in 3-3/4 years. U.S. STOCK PREVIEW There are no U.S. economic reports today. There are 33 of the S&P 500 companies that report earnings today with notable reports including: Northern Trust (0.87), Discover (1.27), Amgen (2.10), Verizon (0.95), Harley-Davidson (1.24), Travelers (2.52), Lockheed (2.50). U.S. IPO's scheduled to price or trade today: none. Equity conferences during the remainder of this week include: IPAA Oil & Gas Conference on Mon-Tue, American Association for Cancer Research Meeting on Mon-Wed, IHS CERAWeek Energy Conference on Mon-Thu, Cards & Payments Asia 2015 on Tue, Financial Times Commodities Global Summit on Tue-Wed, Future Bank Asia 2015 on Tue-Wed, American Academy of Neurology Meeting on Wed, Capital Link Closed-End Funds & Global ETFs Forum - Panel on Thu, RSA Conference on Thu. OVERNIGHT U.S. STOCK MOVERS Travelers (TRV +0.70%) reported Q1 EPS of $2.53, above consensus of $2.52. United Technologies (UTX +1.22%) reported Q1 EPS of $1.51, higher than conensus of $1.46. Kimberly-Clark (KMB +0.54%) reported Q1 EPS of $1.42, better than consensus of $1.33. Under Armour (UA +3.08%) reported Q1 EPS of 7 cents, stronger than consensus of 5 cents. Harley-Davidson (HOG +1.93%) reported Q1 EPS of $1.27, better than consensus of $1.24. Steel Dynamics (STLD +2.15%) reported Q1 adjusted EPS of 17 cents, above consensus of 15 cents. Luxor Capital reported a 5% passive stake in GrubHub (GRUB +0.55%) . Packaging Corp. (PKG +0.34%) reported Q1 adjusted EPS of $1.01, below consensus of $1.08. Coach (COH +0.33%) was initiated with a 'Sell' and a $32 price target at Cantor. Sanmina (SANM +0.95%) fell nearly 10% in after-hours tradign after it lowered guidance on fiscal Q3 EPS to 48 cents-52 cents, below consensus of 56 cents, and said it sees Q3 revenue of $1.5 billion-$1.55 billion, below consensus of $1.64 billion. Bed Bath & Beyond (BBBY +1.19%) was initiated with a 'Buy' at Cantor with a price target of $83. IDEX Corp. (IEX +1.55%) reported Q1 EPS of 84 cents, above consensus of 83 cents. Dollar Tree (DLTR +0.72%) was initiated with a 'Buy' at Cantor with a price target of $96. Lam Research (LRCX +1.88%) jumped nearly 10% in after-hours trading after it reported Q3 EPS of $1.40, higher than consensus of $1.30. International Business Machines (IBM +3.42%) reported Q1 EPS of $2.91, better than consensus of $2.82. MARKET COMMENTS June E-mini S&Ps (ESM15 +0.37%) this morning are up +6.50 points (+0.31%). The S&P 500 on Monday settled higher: S&P 500 +0.92%, Dow Jones +1.17%, Nasdaq +1.51%. Supportive factors for stocks included (1) the action by the PBOC to reduce banks' reserve requirement ratios for the second time this year, which should support growth in China and is positive for the global economy, and (2) upbeat comments from New York Fed President Dudley who said that "despite the weak performance of the first quarter, I believe that the growth prospects for the U.S. economy over the remainder of 2015 will improve." Jun 10-year T-notes (ZNM15 +0.13%) this morning are up +3.5 ticks. T-notes prices on Monday closed lower: TYM5 -9.00, FVM5 -3.75. Bearish factors included (1) reduced safe-haven demand for Treasuries after stocks rallied, and (2) comments from New York Fed President Dudley that suggest he favors raising interest rates this year when he said that "the growth prospects for the U.S. economy over the remainder of 2015 will improve." The dollar index (DXY00 +0.16%) this morning is up +0.342 (+0.35%). EUR/USD (^EURUSD) is down -0.0059 (-0.55%). USD/JPY (^USDJPY) is up +0.27 (+0.23%). The dollar index on Monday closed higher: Dollar Index +0.421 (+0.43%), EUR/USD -0.00671 (-0.62%), USD/JPY +0.316 (+0.27%). Bullish factors included (1) comments from New York Fed President Dudley who said that he's "relatively optimistic" that a rebound in U.S. growth will warrant raising interest rates this year, and (2) weakness in EUR/USD after the 10-year Greek bond yield jumped to a 2-1/3 year high of 13.328% on concern Greece will be unable to secure financing in time to avoid default. May WTI crude oil (CLK15 -0.50%) this morning is down -15 cents (-0.27%) and May gasoline (RBK15 -1.32%) is down -0.0180 (-0.93%). May crude and gasoline on Monday closed higher with May gasoline at a 1-1/2 month high: CLK5 +0.64 (+1.15%), RBK5 +0.0051 (+0.26%). Bullish factors included (1) the action by the PBOC to cut banks' reserve requirements for the second time this year, which may boost China's economy and its demand for energy, and (2) the estimation from energy research firm Genscape that Wednesday's EIA data will show that crude supplies declined at Cushing, OK, the delivery point of WTI futures. GLOBAL EVENT CALENDAR04/21/2015 US n/a No U.S. economic reports or Fed speakers scheduled. JPN 0100 ET Revised Japan Feb leading index CI, previous -0.2 to 105.3. Revised Feb coincident index, previous -2.8 to 110.5. 0200 ET Japan Mar nationwide department store sales, Feb +1.1% y/y. 1950 ET Japan Mar trade balance expected +44.6 billion yen, Feb -425.0 billion yen. Mar exports expected +8.5% y/y, Feb +2.5% y/y. Mar imports expected -12.6% y/y, Feb -3.6% y/y. GER 0500 ET German Apr ZEW survey of expectations for economic growth expected +0.5 to 55.3, Mar 54.8. Apr ZEW survey current situation expected +1.4 to 56.5, Mar 55.1. U.S. STOCK CALENDAR04/21/2015 Company Ticker Time Event Description Period Estimate Baker Hughes Inc BHI US Bef-mkt Q1 2015 Earnings Release Q1 2015 0.46 EI du Pont de Nemours & Co DD US Bef-mkt Q1 2015 Earnings Release Q1 2015 1.31 Gannett Co Inc GCI US Bef-mkt Q1 2015 Earnings Release Q1 2015 0.448 Genuine Parts Co GPC US Bef-mkt Q1 2015 Earnings Release Q1 2015 1.054 Harley-Davidson Inc HOG US Bef-mkt Q1 2015 Earnings Release Q1 2015 1.241 Kansas City Southern KSU US Bef-mkt Q1 2015 Earnings Release Q1 2015 1.077 Kimberly-Clark Corp KMB US Bef-mkt Q1 2015 Earnings Release Q1 2015 1.329 Omnicom Group Inc OMC US Bef-mkt Q1 2015 Earnings Release Q1 2015 0.823 Travelers Cos Inc/The TRV US Bef-mkt Q1 2015 Earnings Release Q1 2015 2.522 United Technologies Corp UTX US Bef-mkt Q1 2015 Earnings Release Q1 2015 1.461 PACCAR Inc PCAR US Bef-mkt Q1 2015 Earnings Release Q1 2015 1.012 Northern Trust Corp NTRS US Bef-mkt Q1 2015 Earnings Release Q1 2015 0.872 Pentair PLC PNR US Bef-mkt Q1 2015 Earnings Release Q1 2015 0.651 Lockheed Martin Corp LMT US Bef-mkt Q1 2015 Earnings Release Q1 2015 2.499 Allegheny Technologies Inc ATI US Bef-mkt Q1 2015 Earnings Release Q1 2015 0.102 Regions Financial Corp RF US Bef-mkt Q1 2015 Earnings Release Q1 2015 0.18 Fifth Third Bancorp FITB US 6:30 Q1 2015 Earnings Release Q1 2015 0.371 Dover Corp DOV US 7:00 Q1 2015 Earnings Release Q1 2015 0.706 Under Armour Inc UA US 7:15 Q1 2015 Earnings Release Q1 2015 0.047 Verizon Communications Inc VZ US 7:30 Q1 2015 Earnings Release Q1 2015 0.95 Illinois Tool Works Inc ITW US 8:00 Q1 2015 Earnings Release Q1 2015 1.173 Verizon Communications Inc VZ US 8:30 Q1 2015 Earnings Call Q1 2015 Omnicom Group Inc OMC US 8:30 Q1 2015 Earnings Call Q1 2015 Allegheny Technologies Inc ATI US 8:30 Q1 2015 Earnings Call Q1 2015 Under Armour Inc UA US 8:30 Q1 2015 Earnings Call Q1 2015 Kansas City Southern KSU US 8:45 Q1 2015 Earnings Call Q1 2015 EI du Pont de Nemours & Co DD US 9:00 Q1 2015 Earnings Call Q1 2015 Harley-Davidson Inc HOG US 9:00 Q1 2015 Earnings Call Q1 2015 Travelers Cos Inc/The TRV US 9:00 Q1 2015 Earnings Call Q1 2015 United Technologies Corp UTX US 9:00 Q1 2015 Earnings Call Q1 2015 Fifth Third Bancorp FITB US 9:00 Q1 2015 Earnings Call Q1 2015 Pentair PLC PNR US 9:00 Q1 2015 Earnings Call Q1 2015 Dover Corp DOV US 10:00 Q1 2015 Earnings Call Q1 2015 Gannett Co Inc GCI US 10:00 Q1 2015 Earnings Call Q1 2015 Illinois Tool Works Inc ITW US 10:00 Q1 2015 Earnings Call Q1 2015 Kimberly-Clark Corp KMB US 10:00 Q1 2015 Earnings Call Q1 2015 Northern Trust Corp NTRS US 10:00 Q1 2015 Earnings Call Q1 2015 Genuine Parts Co GPC US 11:00 Q1 2015 Earnings Call Q1 2015 PACCAR Inc PCAR US 11:00 Q1 2015 Earnings Call Q1 2015 Fastenal Co FAST US 11:00 Annual General Meeting Y 2015 Lockheed Martin Corp LMT US 11:00 Q1 2015 Earnings Call Q1 2015 Regions Financial Corp RF US 11:00 Q1 2015 Earnings Call Q1 2015 Northern Trust Corp NTRS US 11:30 Annual General Meeting Y 2015 PACCAR Inc PCAR US 13:30 Annual General Meeting Stryker Corp SYK US 16:00 Q1 2015 Earnings Release Q1 2015 1.084 Chipotle Mexican Grill Inc CMG US 16:00 Q1 2015 Earnings Release Q1 2015 3.651 ACE Ltd ACE US 16:05 Q1 2015 Earnings Release Q1 2015 2.22 Stryker Corp SYK US 16:30 Q1 2015 Earnings Call Q1 2015 Intuitive Surgical Inc ISRG US 16:30 Q1 2015 Earnings Call Q1 2015 Chipotle Mexican Grill Inc CMG US 16:30 Q1 2015 Earnings Call Q1 2015 Broadcom Corp BRCM US 16:45 Q1 2015 Earnings Call Q1 2015 Amgen Inc AMGN US 17:00 Q1 2015 Earnings Call Q1 2015 Yahoo! Inc YHOO US 17:00 Q1 2015 Earnings Call Q1 2015 Discover Financial Services DFS US 17:00 Q1 2015 Earnings Call Q1 2015 Amgen Inc AMGN US Aft-mkt Q1 2015 Earnings Release Q1 2015 2.102 Yahoo! Inc YHOO US Aft-mkt Q1 2015 Earnings Release Q1 2015 0.184 Yum! Brands Inc YUM US Aft-mkt Q1 2015 Earnings Release Q1 2015 0.719 United Rentals Inc URI US Aft-mkt Q1 2015 Earnings Release Q1 2015 1.187 Broadcom Corp BRCM US Aft-mkt Q1 2015 Earnings Release Q1 2015 0.604 Intuitive Surgical Inc ISRG US Aft-mkt Q1 2015 Earnings Release Q1 2015 3.87 FMC Technologies Inc FTI US Aft-mkt Q1 2015 Earnings Release Q1 2015 0.592 Discover Financial Services DFS US Aft-mkt Q1 2015 Earnings Release Q1 2015 1.268 Navient Corp NAVI US Aft-mkt Q1 2015 Earnings Release Q1 2015 0.5 American Electric Power Co Inc AEP US Annual General Meeting Public Service Enterprise Group Inc PEG US Annual General Meeting Whirlpool Corp WHR US Annual General Meeting M&T Bank Corp MTB US Annual General Meeting Huntington Bancshares Inc/OH HBAN US Board Meeting US Bancorp/MN USB US Annual General Meeting

Barchart Morning Call 1/28

Barchart Morning Call

BC - Mon Jan 28, 7:00AM CST

Overnight Developments

• March E-mini S&Ps this morning are little changed as the market looks ahead to today's durable goods and pending home sales reports, Wednesday's FOMC meeting, and Friday's Jan payroll report (expected +160,000). The global stock markets today received some support from weekend news of a strong Chinese industrial profits report. European stocks this morning are slightly higher by +0.08%. Asian stocks today closed mixed with Japan down -0.94% but with Hong Kong up +0.39% and China up sharply by +3.12% on the industrial profits report. Commodity prices are mildly lower this morning by -0.27%. March crude oil is down -0.08%, March gasoline is down -0.51%, Feb gold is down -0.14%, March copper is down -0.21%, and agriculture prices are mixed. The dollar index is mildly higher by +0.19% while EUR/uSD is down -0.22%. USD/JPY is down -0.10%. March 10-year T-notes are up +0.5 tick after last Friday's steep decline.
• Fitch said this morning that the 4-month debt limit suspension until mid-May removes the near-term risk to America's AAA credit rating. Fitch has backed away from its previous statement that a failure to raise the debt ceiling would lead to a review of America's sovereign rating.
• China industrial profits were reported on Saturday at +5.3% y/y for the year-to-date through December, which was up from +3.0% y/y in November. The Dec figure itself rose sharply by +17.3% y/y after the +22.8% y/y in November. The report provided additional evidence of a pickup in the Chinese economy.
• Eurozone Dec M3 rose +3.3% y/y, which was less than market expectations of +3.9% and down from November's +3.8% y/y. The weak M3 report by itself is not likely to have much impact on ECB policy, which is expected to remain unchanged over at least the next few months as the ECB waits to see if the Eurozone economy can slowly emerge from recession this year as it expects.
• The Japanese government said that tax revenue in the next fiscal year that begins April 1 will total 43.1 trillion yen ($474 billion) and will exceed bond issuance of 42.85 trillion yen for the first time in four years. The government optimistically raised its GDP forecast for fiscal 2013/14 to +2.5% from its August forecast of +1.7%, which led to higher tax revenue forecasts.
• Mark Carney, who will become the head of the Bank of England in July, said over the weekend at the World Economic Forum that monetary policy in developed countries is not "maxed out" and that central bankers can be flexible in meeting inflation goals.
  Market Comments
  • March E-mini S&Ps this morning are slightly higher by +0.50 points (+0.03%) on support from expectations for a generally favorable earnings week and from the weekend news of strong Chinese industrial profits. The S&P 500 index on Friday closed moderately higher on continued favorable earnings reports and news that Eurozone banks will pay off early more of their long-term 3-year LTRO loans from the ECB than earlier thought. Closes: S&P 500 +0.54%, Dow Jones +0.51%, Nasdaq +0.48%. U.S. Dec new home sales fell -7.3% to 369,000, which was weaker than market expectations of 385,000, although Nov was revised higher by 5.6% to 398,000 from 377,000. The ECB said that Eurozone banks will pay off 137.2 billion euros of their 3-year LTRO loans next week at the first opportunity to make early repayment. That was well above the market consensus of 80 billion euros and indicated that Eurozone banks in the aggregate are in better shape than earlier thought. During the worst of the Eurozone debt crisis, the ECB provided about 1 trillion euros of 3-year loans to banks through its "Longer-Term Refinancing Operations" program.
  • March 10-year T-notes this morning are slightly higher by +0.5 tick as the market stabilizes from last Friday's plunge. March 10-year T-note prices on Friday closed sharply lower on reduced safe-haven demand on the improved health of Eurozone banks after news they will pay off more of their LTRO loans than earlier thought. Closes: TYH3 -26.5, FVH3 -14.
  • The dollar index this morning is mildly higher by +0.16 points (+0.19%). EUR/USD is down -0.0030 (-0.22%) USD/JPY is down -0.09 (-0.10%). The dollar index on Friday closed moderately lower as EUR/USD rallied fairly sharply on the news of larger-than-expected bank payoff of ECB LTRO loans. Closes: Dollar index -0.20 (-0.25%), EUR/USD +0.0087 (+0.65%), USD/JPY +0.58 (+0.64%).
  • March WTI crude oil this morning is down -0.08 (-0.08%) and March gasoline is down -0.0147 (-0.51%). Mar crude oil and gasoline Friday closed mixed with crude oil seeing some support from news that the Seaway pipeline is "running as expected," although an exact flow rate was not released. The recovery in the Seaway pipeline flow rate after recent problems should help curb oil inventories at Cushing where Nymex oil futures are priced. Crude oil and gasoline also received a boost from the improved economic prospects for Europe with the early Eurozone bank payoff of some ECB LTRO loans and with the stronger than expected German confidence report. Closes: CLH3 -0.07 (-0.07%), RBH3 +0.0131 (+0.46%).
  • 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): CAT-Caterpillar (consensus $1.70), VMW-VMware (0.78), BIIB-Biogen Idec (1.46), YHOO-Yahoo (0.28), AEP-American Electric (0.46), STX-Seagate Technology (1.28), ROP-Roper Industries (1.46), PCL-Plum Creek Timber (0.29), CE-Celanese (0.63), BMC-BMC software (1.02), ILMN-Illumina (0.41), ZION-ZIONS Bancorp (4.11), NEU-Newmarket (4.11), GGG-Graco (0.60), STLD-Steel Dynamics (0.14), CR-Crane (0.96), RCII-Rent-A-Center (0.84), OLN-Olin (0.35), IRF-International Rectifier (-0.47%), ONB-Old National Bancorp (0.23).
    Global Financial Calendar

    Monday 1/28/13
    United States
    0830 ET	Dec durable goods orders expected +2.0% m/m, Nov +0.8%, Dec durable goods orders ex-transportation expected +0.8% m/m, Nov +1.6%. Dec non-defense ex-aircraft capital goods orders expected -1.0% m/m, Nov +2.7% m/m.
    1000 ET	Dec pending home sales expected +0.1% m/m and +12.5% y/y, Nov +1.7% m/m and +8.9% y/y.
    1030 ET	Jan Dallas Fed manufacturing activity expected 3, Dec 6.8.
    1100 ET	USDA weekly grain export inspections.
    1300 ET	Treasury auction of $35 billion in 2-year T-notes.
    Euro-Zone
    0400 ET	Eurozone Dec M3 expected +3.9% y/y, Nov +3.8% y/y.
    Germany
    0200 ET	German Dec import price index expected -0.1% M/M and +0.9% y/y, Nov unch m/m and +1.1% y/y.

    
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Barchart Morning Call 7/23

Barchart Morning Call

BC - Mon Jul 23, 7:00AM CDT

Overnight Developments

• Sep E-mini S&Ps are trading sharply lower by 1.03% this morning on the 2.1% sell-off in the Euro Stoxx 50 index and on increased concern about the Eurozone debt crisis with Spanish and Italian bond yields today surging. Spanish stocks are down 3.45% this morning while Italian stocks are down 4.15%. In addition, a Chinese central bank advisor forecasted that Chinese GDP will dip further to +7.4% in Q3 and Germany's economy minister said that a Greek exit from the euro has "lost its terror." Commodity prices are sharply lower by an average 1.6% this morning on concern about weaker Chinese and European growth and on today's further rally in the dollar index. Crude oil is down 2.81%, gold is down 0.78%, copper is down 2.76%, and agricultural prices are all trading lower. The dollar index this morning is up +0.23% while EUR/USD is down -0.24%. Sep 10-year T-notes this morning are sharply higher by +13.5 ticks.
• Asian stocks today closed lower across the board: Japan -1.86%, Hong Kong -2.99%, China -1.38%, Taiwan -1.90%, Australia -1.67%, Singapore -1.10%, South Korea -1.91%, India -1.64%, Turkey -1.54%.
• The Spanish 10-year bond yield today is up sharply by 27 bp to 7.49%, adding to last week's surge of 61 bp to 7.22%. The Italian 10-year bond yield this morning is up 20 bp at 6.35% on contagion pressures from Spain. A Spanish newspaper reported today that six Spanish region/states may ask from bailout aid from the Spanish central government. Spain last week created an 18 billion euro bailout facility to help its regions. The Spanish region of Valencia officially requested bailout aid last week. Spanish and Italian banks are taking a heavy hit today with Spain's largest bank, Banco Santander, down 4.6% and Italy's UniCredit down 7.1%. The Bank of Spain today said that Spain's Q2 GDP fell -0.4% q/q for the third consecutive quarterly decline and was down -1.0% y/y.
• German Vice Chancellor and Economy Minister Philipp Roesler said on Sunday that he is "very skeptical" that the Eurozone will able to rescue Greece and that Greece's exit from the euro had "lost its terror." He said, "What's emerging is that Greece will probably not be able to fulfill its conditions. What is clear: if Greece doesn't fulfill those conditions, then there can be no more payments." Troika officials arrive in Greece on Tuesday to start examining how far Greece is behind on its adjustment plan and what needs to be done going forward.
• The Euro-zone July Consumer Confidence index fell to -20.0 from -19.8 in June.
• Chinese central bank advisor Song Guoqing said on Saturday that Chinese Q3 GDP may cool to +7.4% from +7.6% in Q2 and +8.1% in Q1, meaning that the Chinese economy has yet to bottom. He said, "The consensus is that China's economic growth rate will be close to 8% in coming months, but I personally am more pessimistic because there are problems on the export side." He added that in light of the continuing Eurozone debt crisis, "there is a risk of insufficient government measures if Chinese exports fall more sharply than expected in coming months."
• Japan's Cabinet Office in its monthly report said that "The slowdown in the global economy is becoming more widespread." Meanwhile, Japanese Finance Minister Jun Azumi reiterated today that Japanese authorities are ready to take "decisive" action to combat speculative and volatile exchange rate movements.
  Market Comments
  • Sep E-mini S&Ps this morning are trading sharply lower by 14.00 points (-1.03%) on the -2.1% sell-off in European stocks and on concern about slowing Chinese economic growth. The U.S. stock market is looking ahead to this week's peak in Q2 earnings reports. Stocks on Friday closed sharply lower: S&P 500 -1.01, Dow Jones -0.93%%, Nasdaq 100 -1.42%. Bearish factors included (1) a report that the Chinese government will keep a "firm grip" on the property market to prevent speculation from driving prices higher, and (2) a sharp rise in Spanish bond yield above 7.00% to a euro-era high of 7.23%, which increases the chances that Spain will eventually need a full bailout rather than a bailout for just its banks.
  • Sep 10-year T-notes this morning are trading sharply higher by +13.5 ticks on increased safe-haven demand tied to the sharp sell-off in global stocks and the increased concern about the European debt crisis..... Sep 10-year T-note prices Friday closed higher: TYU2 +14, FVU2 +5.5. T-note prices on Friday closed higher on increased safe-haven demand with the sharp sell-off in stocks and the increased concern about the European debt crisis.
  • The dollar index this morning is up +0.195 points (+0.23%) and EUR/USD is down -0.0029 points (-0.24%) on the surge in Spanish and Italian bond yields. USD/JPY is down -0.29 (-0.37%) at a 7-week low, although traders are nervous about possible Japanese intervention with today's comments by Japan's finance minister warning about intervention. The dollar index on Friday closed sharply higher: Dollar index +0.595 (+0.72%), EUR/USD -0.0124 (-1.01%), USD/JPY -0.10 (-0.13%). EUR/USD on Friday fell to a new 2-year low. The dollar index was boosted by increased safe-haven demand with the sell-off in stocks and the worsening European debt crisis. The Spanish 10-year bond yield on Friday soared by 26 bp to 7.23% after the Spanish government revised its 2013 GDP estimate to -0.5% from April's estimate of +0.2% and after the Spanish state of Valencia said it would be forced to request a bailout from the central government.
  • Sep WTI crude oil prices this morning are trading sharply lower by 2.58 (-2.81%) and Sep gasoline is down -0.0676 (-2.38%) on concerns about global economic growth and on this morning's higher trade in the dollar index. Crude oil and gasoline prices on Friday closed mixed: CLU2 -1.14 (-1.23%), RBU2 +0.0031 (+0.11%). Sep crude oil prices closed lower on Friday on the sell-off in stocks and the sharp rally in the dollar index. However, Sep crude oil remains near the top of its sharp 3-week rally that has been driven by (1) expectations for tightening global oil markets due to tighter sanctions on Iran, and (2) the 4-week decline in U.S. oil inventories due to the high operating rate of U.S. refineries. Oil prices received some support on Friday from an article in the Wall Street Journal citing U.S. officials as saying they believe Iran plans to start disrupting oil tanker traffic in the Persian Gulf with various types of attacks.
  • 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 Reports Earnings reports (ranked by market cap): McDonalds (Consensus $1.38), BIDU-Baidu (1.13), VMW-Vmware (0.66), TXN-Texas Instruments (0.41), GAL-Halliburton (0.75), ETN-Eaton (1.09), CCE-Coca-Cola (0.73), CE-Celanese Corp (1.39), VNTV-Vantiv (0.28), HAS-Hasbro (0.24), FNF-Fidelity National (0.48), WCN-Waste Connection (0.36), RPM-RPM Intl (0.61), ZION-Zions Bancorp (0.35), IEX-Idex (0.71), STLD-Steel Dynamics (0.20), HXL-Hexcel (0.39), WWD-Woodward (0.45), CR-Crane (0.94).
    Global Financial Calendar
    

    Monday 7/23/12
    United States
    0830 ET	Chicago Fed June national activity index, May -0.45.
    1100 ET	USDA weekly grain export inspections.
    1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
    1600 ET	USDA Crop Progress
    1900 ET	Fed's Raskin speaks in Boulder, Colorado on community banking.
    Euro-Zone
    0930 ET	ECB announces bond purchases.
    1000 ET	Jul Euro-Zone consumer confidence expected -0.2 to -20.0, Jun -19.8.
    Japan
    0100 ET	Japan June supermarket sales, May -1.7% y/y.
    n/a	Japan Cabinet Office monthly economic report.
    CHI
    2200 ET	Jun China Conference Board leading economic index.
    2230 ET	Jul China HSBC flash manufacturing PMI, Jun 48.2.

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