Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: SXC

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Monday, October 12, 2015

BARCHART MORNING CALL 10/12

Monday, October 12th, 2015View Older Reports

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You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 unch) are little changed, up +0.06%, and European stocks are down -0.17% as the markets await U.S. Q3 company earnings results this week to gauge whether the economy is strong enough to handle an interest rate increase from the Fed. U.S. government offices and government bond trading are closed today for the Columbus Day Holiday. Losses in stocks were contained on signs of increased M&A activity with EMC Corp. up over 7% in pre-market trading after a person with knowledge of the matter said that Dell is offering about $33 a share to acquire the company. Also, a slide in the dollar index to a 3-week low gave commodity prices a lift and boosted the shares of commodity producers. Asian stocks settled mostly higher: Japan closed for holiday, Hong Kong +1.21%, China +3.28%, Taiwan +1.51%, Australia -0.89%, Singapore +1.12%, South Korea +0.19%, India-0.65%. China's Shanghai Composite rose over 3% to a 1-1/2 month high on speculation the PBOC will cut interest rates or reserve-requirement ratios as Chinese economic data this week will likely show a slowdown in exports and a deceleration in inflation.

The dollar index (DXY00 -0.09%) is down -0.06% at a 3-week low. EUR/USD (^EURUSD) is up +0.10% at a 3-week high. USD/JPY (^USDJPY)is down-0.12%.

Dec T-note prices (ZNZ15 +0.04%) are up +2.5 ticks.

Speaking Sunday at the International Monetary Fund's annual meeting in Lima, Peru, Fed Vice Chair Fischer said that the U.S. economy may be strong enough to merit an interest rate increase by year end, although policy makers are monitoring slower domestic job growth and international developments in deciding the precise timing of liftoff.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Atlanta Fed President Dennis Lockhart's speech on the economic outlook to the Association for University Business and Economic Research in Orlando, FL, (2) Chicago Fed President Charles Evans' speech on on monetary policy and the economy at the World Steel Association conference, (3) and Fed Governor Lael Brainard's speech on the economic outlook and monetary policy at the annual meeting of the National Association for Business Economic. U.S. government offices and the cash government bond market is closed today for Columbus Day. Interest rate futures trade regular hours on Globex and U.S. stock market is open during regular hours.

None of the Russell 2000 companies report earnings today.

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

Equity conferences this week include: Bloomberg-The Future of Energy Summit 2015 on Mon-Tue, Energy Storage North America Conference on Thu, and Moody's UK Water Sector Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

EMC Corp. (EMC +2.50%) climbed over 6% in pre-market trading after a person with knowledge of the matter said that Dell is offering about $33 a share to acquire the company.

Tech Data (TECD -2.26%) was downgraded to 'Underperform' from 'Market Perform' at Raymond James.

Raytheon (RTN -0.17%) was upgraded to 'Overweight' from 'Neutral' at JPMorgan Chase.

Northrop Grumman (NOC +1.15%) was raised to 'Neutral' from 'Underweight' at JPMorgan Chase with a price target of $198.

Ralph Lauren (RL -0.59%) was rated a new 'Outperform' at Telsey Advisory with a price target of $142.

Citigroup raised its ecommendation of Goldman Sachs (GS -1.04%) to 'Buy' from 'Neutral.'

Buffalo Wild Wings (BWLD -0.54%) and Darden Restaurants (DRI -0.12%) were both downgraded to 'Market Perform' from 'Outperform' at Raymond James.

The Advisory Board (ABCO +2.65%) was raised to 'Outperform' from 'Market Perform' at FBR Capital Markets.

Radius Health ({=RDUS climbed nearly 4% in pre-market trading after saying Phase 3 Active trial data of its daily abaloparatide subcutaneous injection showed a 70% reduction in incidence of major osteoporotic fractures versus a placebo.

Twitter (TWTR +1.75%) fell nearly 3% in after-hours trading after Re/Code reported a person familiar with the matter said that new CEO Jack Dorsey plans company-wide job cuts.

Sientra (SIEN -2.77%) fell over 8% in after-hours trading after the company placed a temporary halt on U.S. sale devices made by Silimed and recommended that plastic surgeons stop implanting them until further notice.

Orexigen (OREX +6.30%) surged 10% in after-hours trading after Baupost Group reported a 17.17% passive stake in the company.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 unch) this morning are up +1.25 points (+0.06%). Friday's closes: S&P 500 +0.07%, Dow Jones +0.20, Nasdaq +0.46%. The S&P 500 on Friday rose to a 3-week high and closed higher on carryover support from a rally in Asian and European stocks, gains in technology companies led by a +2.4% rally in Apple, and strength in health-care stocks as the beaten-down biotechnology sector rallied. Stocks were undercut by Atlanta Fed President Lockhart's comment that an interest rate increase at the Oct or Dec FOMC meeting will likely be warranted as the economy "remains on a satisfactory tract" and weakness in industrial companies led by a -6.8% loss in Alcoa after it reported weaker-than-expected Q3 sales and profits.

Dec 10-year T-notes (ZNZ15 +0.04%) this morning are up +2.5 ticks. Friday's closes: TYZ5 +0.5, FVZ5 -1.25. Dec T-notes on Friday declined to a 1-1/2 week low but recovered and closed little changed. T-note prices were undercut by the rally in the S&P 500 to a 3-week high and Atlanta Fed President Lockhart's comment that he sees a Fed rate hike at the October or December FOMC meeting as likely "appropriate." T-note prices recovered from earlier losses after stocks gave up most of their advance.

The dollar index (DXY00 -0.09%) this morning is down -0.067 (-0.06%) at a 3-week low. EUR/USD (^EURUSD) is up +0.0011 (+0.10%) at a 3-week high. USD/JPY (^USDJPY) is down -0.15 (-0.12%. Friday's closes: Dollar Index -0.505 (-0.53%), EUR/USD +0.0082 (+0.73%), USD/JPY +0.34 (+0.28%). The dollar index on Friday fell to a 3-week low and closed lower on negative carryover from Thursday's dovish FOMC Sep 16-17 minutes and on Atlanta Fed President Lockhart's dovish comment that he is "less confident today than six weeks ago" as economic risks are "a bit more to the downside."

Nov crude oil (CLX15 +0.44%) this morning is up +11 cents (+0.22%) and Nov gasoline (RBX15 +0.54%) is up +0.0048 (+0.34%). Friday's closes: CLX5 +0.34 (+0.28%), RBX5 +0.0063 (+0.45%). Nov crude oil and gasoline prices on Friday closed higher with Nov crude at a 2-1/2 month nearest-futures high. Crude oil prices found support from the fall in the dollar index to a 3-week low and from Russia's ongoing intervention in Syria's civil war, which could cause the war to spread and disrupt crude supplies.

GLOBAL EVENT CALENDAR10/12/2015

US	0810 ET	Atlanta Fed President Dennis Lockhart speaks on the economic outlook to the Association for University Business and Economic Research in Orlando, FL.
	1030 ET	Chicago Fed President Charles Evans speaks on monetary policy and the economy at the World Steel Association conference.
	1630 ET	Fed Governor Lael Brainard delivers a speech on the economic outlook and monetary policy at the annual meeting of the National Association for Business Economic.
	n/a	U.S. government offices and cash government bond trading closed for Columbus Day. Interest rate futures trade regular hours on Globex.
UK	1901 ET	UK Sep BRC sales like-for-like expected +1.5% y/y, Aug -1.0% y/y.
CHI	n/a	China Sep trade balance expected +$47.90 billion, Aug +$60.24 billion. Sep exports expected -6.0% y/y, Aug 5.5% y/y. Sep imports expected -15.9% y/y, Aug -13.8% y/y.
JPN	n/a	Japanese markets closed for Health-sports Day.

U.S. STOCK CALENDAR10/12/2015

Company	Ticker	Time	Event Description	Period	Estimate
SunCoke Energy Inc	SXC US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.018
SunCoke Energy Inc	SXC US	9:00	Q3 2015 Earnings Call	Q3 2015
Herman Miller Inc	MLHR US		Annual General Meeting
Collegium Pharmaceutical Inc	COLL US		PDUFA, Xtampza ER, abuse-deterrent, extended-release formulation for pain

Monday, December 16, 2013

BARCHART MORNING CALL 12/16

BARCHART MORING CALL

Monday, December 16th, 2013View Older Reports

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

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 +0.49%) this morning are up +0.45% and European stocks are up +1.27% on signs of economic strength after the Eurozone Dec manufacturing PMI rose more than expected to its best level in 2-1/2 years. Asian stocks closed lower: Japan -1.62%, Hong Kong -0.56%, China -1.61%, Taiwan -0.75%, Australia -0.17%, Singapore -0.40%, South Korea -0.05%, India -0.27%. Japanese stocks were undercut on speculation the BOJ won't expand its stimulus measures after Japan's Q4 Tankan large manufacturers business conditions rose to a 7-year high, while China's Shanghai Composite Stock Index tumbled to a 4-week low after a gauge of Chinese manufacturing activity unexpectedly fell. Commodity prices are mixed. Jan crude oil (CLF14 +0.48%) is up +0.56%. Jan gasoline (RBF14 +1.17%) is up +1.04%. Feb gold (GCG14 -0.34%) is down -0.42%. March copper (HGH14 +0.17%) is up +0.18% at a 1-1/2 month high on concern over tighter supplies after LME copper inventories slipped -3,825 MT to a 10-1/4 month low of 389,175 MT. Agricultural prices are lower. The dollar index (DXY00 -0.32%) is down -0.26%. EUR/USD (^EURUSD) is up +0.30%. USD/JPY (^USDJPY) is down -0.17%. March T-note prices (ZNH14 +0.08%) are up +4.5 ticks.
Japan's Q4 Tankan business conditions large manufacturers rose to 16 from 12 in Q3. That was better than expectations of an increase to 15 and the highest in 7 years.
The China Dec HSBC/Markit flash manufacturing PMI unexpectedly fell -0.3 to a 3-month low of 50.5, a slower pace of expansion than expectations of +0.1 to 50.9.
The German Dec PMI manufacturing index rose +1.5 to 54.2, stronger than expectations of +0.3 to 53.0 and the fastest pace of expansion in 2-1/2 years.
The Eurozone Dec PMI manufacturing index rose +1.1 to 52.7, better than expectations of +0.3 to 51.9 and the fastest pace of expansion in 2-1/2 years.
The Eurozone Dec PMI composite index rose +0.4 to 52.1, better than expectations of +0.2 to 51.9 and the strongest pace of expansion in 3 months.
The Eurozone Oct trade balance widened to a +14.5 billion euro surplus, right on expectations, from a downward revised +12.4 billion euro surplus in Sep.

U.S. STOCK PREVIEW

This will be a busy week with the FOMC meeting on Tue/Wed and the Senate’s consideration of the 2-year budget agreement and Janet Yellen’s confirmation as Fed Chair. Today’s Nov industrial production report is expected to show a strong increase of +0.6% following October’s weak report of -0.1%, getting back in sync with the strong increases of +0.5% in Aug and +0.7% in Sep. Today’s Dec Empire manufacturing index is expected to show a +7.21 point increase to 5.00, vaulting back into positive territory after the -3.73 point decline to -2.21 seen in November. There are no major earnings reports today. Equity conferences this week include: Bank of America Merrill Lynch Animal Health Summit on Mon, and Citi Group Connected Car & Telematics Mini-Conference.

OVERNIGHT U.S. STOCK MOVERS

Urban Outfitters (URBN -0.61%) was upgraded to 'Buy' from 'Neutral' at Goldman.
Twitter (TWTR +6.63%) was downgraded to 'Underperform' from 'Market Perform' at Wells Fargo.
Exxon Mobil (XOM -0.05%) was upgraded to 'Buy' from 'Neutral' at Goldman.
Marathon Oil (MRO -1.05%) was downgraded to 'Neutral' from 'Buy' at Goldman.
Jefferies kept its 'Buy' rating on Apple (AAPL -1.09%) and raised its price target for the stock to $650 from $600.
Old Dominion Freight Line (ODFL +1.76%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank.
Conway (CNW +0.89%) was downgraded to 'Hold' from 'Buy' at Deutsche Bank.
General Dynamics (GD +0.41%) was awarded a $115.05 million government contract for engineering, development, and production efforts necessary to support the United States and United Kingdom Trident II Strategic Weapons Systems.
Lockheed Martin (LMT +0.76%) was awarded a $124.53 million government contract modification for the development and production of the common acoustics processing for Technology Insertion 12 through Technology Insertion 14 for the U.S. submarine fleet.
T-Mobile (TMUS +8.65%) is up over 9% in after-hours trading after the WSJ reported that Sprint (S +3.44%) is preparing a possible bid for T-Mobile U.S.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 +0.49%) this morning are up +8.00 points (+0.45%). The S&P 500 index on Friday opened higher after the House of Representatives late Thursday passed the 2-year budget agreement, but stock prices then shed their advance on concern the passage of a budget agreement will give the Fed a green light on cutting QE3. On the positive side, producer price pressures were quiescent after Nov PPI fell -0.1% m/m and rose +1.3% y/y, weaker than expectations of unch m/m and +1.4% y/y. Closes: S&P 500 -0.01%, Dow Jones +0.10%, Nasdaq 100 -0.11%.
Mar 10-year T-notes (ZNH14 +0.08%) this morning are up +4.5 ticks. Mar T-notes on Friday closed little changed. Expectations the Fed will soon slow its bond buying was offset by benign producer prices after the Nov PPI unexpectedly fell -0.1% m/m, weaker than expectations of unch and the third straight monthly decline. Closes: TYH4 +0.50, FVH4 -0.25.
The dollar index (DXY00 -0.32%) this morning is down -0.207 (-0.26%). EUR/USD (^EURUSD) is up +0.0041 (+0.30%) and USD/JPY (^USDJPY) is down -0.18 (-0.17%). The dollar index on Friday closed slightly higher. USD/JPY posted a 5-year high before falling back to close lower on expectations the Fed will taper QE3 while the BOJ will expand its asset-purchase program to boost the economy and raise the inflation rate. Pressuring the yen were comments from BOJ Governor Kuroda who said the BOJ aims to keep ultra-easy monetary policy in place beyond its 2-year timeframe. Closes: Dollar index +0.008 (+0.01%), EUR/USD -0.00114 (-0.08%), USD/JPY -0.175 (-0.17%).
Jan WTI crude oil (CLF14 +0.48%) this morning is up +54 cents (+0.56%) and Jan gasoline (RBF14 +1.17%) is up +2.74 cents (+1.04%). Jan crude oil and gasoline prices on Friday closed lower with Jan crude at a 1-week low and Jan gasoline at a 3-week low. Bearish factors included (1) the stronger dollar due to heightened speculation the Fed will taper stimulus sooner rather than later and (2) demand concerns after Wednesday’s weekly EIA data showed total U.S. petroleum consumption for the week ended Dec 6 dropped -7.1% to 18.554 million barrels a day, the lowest in 7 weeks. Closes: CLF4 -0.90 (-0.92%), RBF4 -0.0055 (-0.21%).

GLOBAL EVENT CALENDAR12/16/2013

US	0830 ET	Dec Empire manufacturing index expected +7.21 to 5.00, Nov -3.73 to -2.21.
	0830 ET	Revised Q3 non-farm productivity expected +2.8%, previous +1.9%. Revised Q3 unit labor costs expected 1.4%, previous -0.6%.
	0915 ET	Nov industrial production expected +0.6%, Oct -0.1% m/m. Nov manufacturing production expected +0.4%, Oct +0.3%. Nov capacity utilization expected +0.3 to 78.4%, Oct -0.2 to 78.1%.
	1100 ET	USDA weekly grain export inspections.
GER	0330 ET	German Dec PMI manufacturing expected +0.3 to 53.0, Nov 52.7. Dec PMI services expected -0.4 to 55.3, Nov 55.7.
EUR	0400 ET	Eurozone Dec PMI composite expected +0.2 to 51.9, Nov 51.7.
	0500 ET	Eurozone Oct trade balance, Sep +14.3 billion euros (sa).
	0900 ET	ECB President Mario Draghi speaks to the European Parliament in Brussels.

U.S. STOCK CALENDAR12/16/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
Paramount Gold and Silver Corp	PZG CN	10:00	Annual General Meeting	Y 2013
IDT Corp	IDT US	10:30	Annual General Meeting	Y 2013
MetroCorp Bancshares Inc	MCBI US	11:00	Extraordinary Shareholders Meeting	Y 2013
East West Bancorp Inc	EWBC US	11:00	Extraordinary Shareholders Meeting	Y 2013
SunCoke Energy Inc	SXC US	11:00	FY 2014 Guidance Call	Y 2014
Berry Petroleum Co	BRY US	12:00	Special Meeting - M&A Vote
General Motors Co	GM US	13:00	National Press Club Presents CEO, Dan Akerson
Unum Group	UNM US	14:00	Investor Meeting	2013
FuelCell Energy Inc	FCEL US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	-0.03
Nicholas Financial Inc	NICK US		Annual General Meeting	Y 2013
Copart Inc	CPRT US		Annual General Meeting

Friday, November 29, 2013

Suncoke Energy - Barchart's Chart of the Day

Suncoke Energy (SXC) is the Chart of the Day. The metallurgical coke producer has a Trend Spotter buy signal, a Weighted Alpha of 56.29 and has gained 42.30% in the last 6 months.

The Chart of the Day is Suncoke Energy (SXC). I found the stock by sorting the New High List for frequency then I used the Flipchart feature to review the charts. Although sales and earnings projections vary widely the stock is showing very positive and steady price gains. Since the Trend Spotter signaled a buy on 7/15 the stock has gained 48.84%.

It is a producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations. Its coke making facilities are in the United States and Brazil.

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 si\gnals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 14.98% in the last month
Relative Strength Index 84.84%
Barchart computes a technical support level at 22.11
Recently traded at 22.64 with a 50 day moving average of 19.37

Fundamental factors:

Market Cap $1.58 billion
P/E 37.76
Revenue projections are all over the charts but the consensus is a 13.60% decrease this year and another 1.30% decrease next year
Earnings estimates are also all over the charts with the consensus of a 67.90% decrease this year, an increase of 60.00% next year but some sources look for a 9.00% annual growth rate over the next 5 years
In spite of these numbers Wall Street analysts issued 2 strong buy, 2 buy and 4 hold recommendations
It still gets positive comments from CreditSuisse, Openheimer and Barclays
On Motley Fool, readers vote 34 to 1 that the stock will beat the market
Financial Strength is B

This stock is trending on a technical basis but is a hard call on a fundamental analysis. Future prospects for the coal industry are subject to the whims of economic and environmental regulations in the US, China and India. Your guess as to that outcome is as good as any ones. Trade this on a technical basis and exit when momentum weakens.

Friday, November 22, 2013

The 5 Best Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Stock Index to find the stocks hitting the most frequent new highs in the last month. I then selected those stocks on the list that also had positive gains for the last week and month. Lastly, I used the flipchart feature to select the stocks with the charts I likes.

My list today includes Abiomed (ABMD), Suncoke Energy (SXC), Interactive Brokers (IBKR), Cato Corp (CATO), and Biglari Holdings (BH):

Abiomed (ABMD)