Morning Call 12/6

Barchart Morning Call

Barchart.com - 2 hours ago

OVERNIGHT MARKETS AND NEWS

Dec E-mini S&Ps (ESZ16 +0.03%) are little changed, up +0.05%, as a -0.85% decline in Jan WTI crude oil (CLF17 -1.08%) weighs on energy producing stocks. Crude oil is under pressure on concern over whether OPEC will be able to adhere to its recently announced production cuts. European stocks are up +0.70% on signs of economic strength after German Oct factory orders rose more than expected by the most in 2-1/4 years. European stocks also garnered support and EUR/USD fell on expectations that ECB President Draghi will extend the central banks QE program beyond March of next year at this Thursday's policy meeting. Asian stocks settled mostly higher: Japan +0.47%, Hong Kong +0.75%, China -0.16%, Taiwan +0.98%, Australia +0.52%, Singapore +0.21%, South Korea +1.38%, India +0.17%.

The dollar index (DXY00 +0.19%) is up +0.19%. EUR/USD (^EURUSD) is down -0.24%. USD/JPY (^USDJPY) is up +0.11%.

Mar 10-year T-note prices (ZNH17 unch) are down -1 tick.

German Oct factory orders surged +4.9% m/m, stronger than expectations of +0.6% m/m and the largest monthly increase in 2-1/4 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) revised Q3 non-farm productivity (expected +3.3%, prelim-Q3 +3.1%) and revised Q3 unit labor costs (expected unrevised at +0.3%), (2) Oct trade balance (expected -$42.0 billion, Sep -$36.4 billion), (3) Oct factory orders (expected +2.5%, Sep +0.3% and +0.6% ex transportation).

Russell 1000 earnings reports today include: Toll Brothers (consensus $0.99), AutoZone (9.31), Michaels Cos (0.43), HD Supply Holdings (0.82).

U.S. IPO's scheduled to price today: Polar Power (POLA),

Equity conferences during the remainder of this week include: Raymond James Technology Investors Conference on Mon-Tue, UBS Global Media and Communications Conference on Mon-Wed, Barclays Gaming, Lodging, Leisure, Restaurant & Food Retail Conference on Tue, Cowen & Co Ultimate Energy Conference on Tue, Wells Fargo Securities Energy Symposium on Tue, Goldman Sachs U.S. Financial Services Conference on Tue-Wed, Wells Fargo Pipeline, MLP and Utility Symposium on Wed, Citi Global Health Care Conference on Wed-Thu, Barclays Global Technology, Media and Telecommunications Conference on Wed-Thu, Bernstein Consumer Summit on Wed-Thu, Capital One Southcoast Energy Conference on Wed-Thu, ACI European Biopolymer Summit on Thu.

OVERNIGHT U.S. STOCK MOVERS

Roper Technologies (ROP -0.37%) will buy Deltek for about $2.8 billion.

Nike (NKE +2.75%) was downgraded to 'Market Perform' from 'Outperform' at Cowen.

Pandora Media (P +0.30%) was upgraded to 'Outperform' from 'Market Perform' at Oppenheimer with an 18-month target price of $18.

McCormick (MKC +0.61%) was rated a 'Buy' at Vertical Group with a price target of $1.09.

Tyson Foods (TSN +0.39%) was rated a 'Buy' at Vertical Group with a price target of $67.

Bob Evans Farms (BOBE +2.30%) jumped over 5% in after-hours trading after it reported Q2 adjusted EPS of 56 cents, above consensus of 45 cents, and then raised guidance on 2017 adjusted EPS to $2.15-$2.30 from an August 31 view of $2.05-$2.20.

Kinder Morgan (KMI +0.47%) gained over 1% in after-hours trading after it said it sees a 50 cent a share dividend in 2017 and "delivering additional value to its shareholders in 2018."

Coupa Software (COUP -1.03%) climbed 6% in after-hours trading after it reported a Q3 adjusted loss of -22 cents a share, narrower than consensus of -47 cents, and said it sees a Q4 adjusted EPS loss of -16 cents to -19 cents, smaller than consensus of-23 cents.

Rent-A-Center (RCII +3.30%) slid 3% in after-hours trading after it said CFO Guy J. Constant resigned his position effective last Friday.

Lexicon Pharmaceuticals (LXRX +4.41%) tumbled over 12% in after-hours trading after a Phase 2 study of sotagliflozin did not reach statistical significance in young adults with Type 1 Diabetes.

Forum Energy Technologies (FET +5.22%) fell 5% in after-hours trading after it announced a public offering of 7 million shares of common stock.

TherapeuticsMD (TXMD +0.65%) surged almost 20% in after-hours trading after a Phase 3 trial of its TX-001HR drug met co-primary goals at multiple doses in postmenopausal women with moderate to severe vasomotor symptoms.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ16 +0.03%) this morning are up +1.00 point (+0.05%). Monday's closes: S&P 500 +0.58%, Dow Jones +0.24%, Nasdaq +0.82%. The S&P 500 on Monday closed higher on carry-over support from a rally in European stocks to a 3-week high on reduced concern about contagion of political risks from Italy to Europe. U.S. stocks were also boosted by signs of U.S. economic strength after the Nov ISM non-manufacturing index rose +2.4 to 57.2, stronger than expectations of +0.7 to 55.5 and the fastest pace of expansion in 13 months. Energy producer stocks received a boost as the price of crude oil rose to a 16-1/2 month high.

Mar 10-year T-notes (ZNH17 unch) this morning are down -1 tick. Monday's closes: TYH7 unch, FVH7 -3.00. Mar 10-year T-note futures on Monday closed little changed. T-note prices were undercut by reduced safe-haven demand after the failure of the Italian constitutional reform referendum didn't cause much consternation and after U.S. stocks rallied. T-note prices were also undercut by the larger-than-expected increase in the Nov ISM non-manufacturing index to its fastest pace of expansion in 13 months (+2.4 to 57.2). T-notes found some support after St. Louis Fed President Bullard said a single 25 bp increase in the fed funds rate "will get us very close" to the interest rate path recommended by the St. Louis Fed through 2019.

The dollar index (DXY00 +0.19%) this morning is up +0.190 (+0.19%). EUR/USD (^EURUSD) is down -0.0026 (-0.24%). USD/JPY (^USDJPY) is up +0.12 (+0.11%). Monday's closes: Dollar index -0.680 (-0.67%), EUR/USD +0.0100 (+0.94%), USD/JPY +0.34 (+0.30%). The dollar index on Monday closed lower on reduced safe-haven demand for the dollar after stocks recovered losses and moved higher as a 'No' vote for Italy's constitutional reforms was already factored into the market. EUR/USD rebounded from a 1-1/2 year low and rallied to a 2-week high on signs of economic strength in the Eurozone that may keep the ECB from expanding stimulus after Eurozone Oct retail sales rose +1.1% m/m, the biggest monthly increase in 2 years.

Jan WTI crude oil prices (CLF17 -1.08%) this morning are down -44 cents (-0.85%) and Jan gasoline (RBF17 -0.25%) is +0.0008 (+0.05%) . Monday's closes: Jan crude +0.11 (+0.20%), Jan gasoline -0.0101 (-0.65%). Jan crude oil and gasoline on Monday settled mixed with Jan crude at a 16-1/2 month high. Crude oil prices were boosted by the slide in the dollar index to a 2-week low and by continued support from last Wednesday's OPEC production cut agreement. Crude oil prices were undercut by news of a +200,000 bpd increase in OPEC Nov crude production to a record 34.160 million bpd.

GLOBAL EVENT CALENDAR12/06/2016

		Tuesday, Dec 6
US	0830 ET	Revised Q3 non-farm productivity expected +3.3%, prelim-Q3 +3.1%. Revised Q3 unit labor costs expected unrevised at +0.3%.
	0830 ET	Oct trade balance expected -$42.0 billion, Sep -$36.4 billion.
	1000 ET	Oct factory orders expected +2.5%, Sep +0.3% and +0.6% ex transportation.
		Wednesday, Dec 7
US	0700 ET	Weekly MBA mortgage applications, previous -9.4% with purchase sub-index -0.2% and refi sub-index -16.2%.
	1000 ET	Oct JOLTS job openings expected +14,000 to 5.500 million, Sep +33,000 to 5.486 million.
	1030 ET	EIA Weekly Petroleum Status Report.
	1500 ET	Oct consumer credit expected +$18.5 billion, Sep +$19.292 billion.

U.S. STOCK CALENDAR12/06/2016

Company	Ticker	Time	Event Description	Period	Estimate
AutoZone Inc	AZO US	Bef-mkt	Q1 2017 Earnings Release	Q1 2017	9.311
Toll Brothers Inc	TOL US	Bef-mkt	Q4 2016 Earnings Release	Q4 2016	0.989
Michaels Cos Inc/The	MIK US	Bef-mkt	Q3 2017 Earnings Release	Q3 2017	0.43
HD Supply Holdings Inc	HDS US	6:00	Q3 2017 Earnings Release	Q3 2017	0.818
Fastenal Co	FAST US	7:00	November 2016 Sales and Revenue Release	2016
Pitney Bowes Inc	PBI US	8:00	Analyst Day	Y 2016
HD Supply Holdings Inc	HDS US	8:00	Q3 2017 Earnings Call	Q3 2017
Tesoro Corp	TSO US	9:00	Investor and Analyst Day	Y 2016
L-3 Communications Holdings Inc	LLL US	9:00	Investor Conference	Y 2016
Michaels Cos Inc/The	MIK US	9:00	Q3 2017 Earnings Call	Q3 2017
AutoZone Inc	AZO US	10:00	Q1 2017 Earnings Call	Q1 2017
Principal Financial Group Inc	PFG US	10:00	Q4 2017 Guidance Call	Q4 2017
Toll Brothers Inc	TOL US	11:00	Q4 2016 Earnings Call	Q4 2016
Western Digital Corp	WDC US	11:30	Investor Day	Y 2016
Autodesk Inc	ADSK US	11:30	Investor Day	Y 2016
Harman International Industries Inc	HAR US		Annual General Meeting	Y 2016

The 5 Best Growth Stocks

Each week Value Line publishes a list of stocks that have hit certain growth targets not only for the last 10 years but are expected to maintain those rates for the next 5 years as well.  I took the list and ran it through Barchart to find the stocks that had the highest technical buy signals as well as a 50-00 Day MACD Oscillator buy signal.

The highest ranking stocks were TJX Companies (TJX), Tesoro Petroleum (TSO), Southwest Airlines (LUV), Jack Henry & Associates (JKHY) and Juniper Networks (JNPR).

TJX Companies (TJX)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 4.47% in the last month
• Relative Strength Index 61.10%
• Barchart computes a technical support level at 71.46
• Recently traded at 74.51 with a 50 day moving average of 71.69

Tesoro Petroleum (TSO)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 9.69% in the last month
• Relative Strength Index 67.02%
• Barchart computes a technical support level at 105.20
• Recently traded at 110.84 with a 50 day moving average of 99.01

Southwest Airlines (LUV)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 21.42% in the last month
• Relative Strength Index 77.36%
• Barchart computes a technical support leve at 46.11
• Recently traded at 44.61 with a 50 day moving average of 40.00

Jack Henry & Associates (JKHY)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 8.90% in the last month
• Relative Strength Index 67.75%
• Barchart computes a technical support level at 76.12
• Recently traded at 77.18 with a 50 day moving average of 71.33

Juniper Networks (JNPR)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 17.67% in the last month
• Relative Strength Index 70.81
• Barchart computes a technical support level at 31.02
• Recently traded at 31.94 with a 50 day moving average of 27.61

BARCHART MORNING CALL 8/6

BARCHART MORNING CALL Thursday, August 6th, 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 September E-mini S&Ps (ESU15 +0.01%) are little changed, down -0.02%, and European stocks are down -0.09% led by weakness in energy producers after the price of crude oil (CLU15 -0.82%) fell to a 4-1/2 month low. Losses in European stocks were muted after German Jun factory orders rose more than expected. The BOE, as expected, maintained its benchmark interest rate at 0.50% and kept its asset purchase target unchanged at 375 billion pounds following today's monetary policy meeting. Asian stocks closed mostly lower: Japan +0.24%, Hong Kong -0.57%, China -0.89%, Taiwan -1.09%, Australia -1/13%, Singapore +0.17%, South Korea -1.27%, India +0.27%. Japan's Nikkei Stock Index bucked the trend and closed up at a 2-week high as exporter stocks rallied on the prospects of improved earnings after the yen tumbled to a 1-3/4 month low against the dollar on Wednesday. The dollar index (DXY00 +0.06%) is down -0.06%. EUR/USD (^EURUSD) is up +0.06% on the stronger-than-expected German Jun factory orders. USD/JPY (^USDJPY) is down -0.03%. The Russian ruble slid to a 5-1/2 month low against the dollar after the price of crude fell to a 4-1/2 month low. Sep T-note prices (ZNU15 +0.07%) are up +2 ticks. German Jun factory orders jumped +2.0% m/m and +7.2% y/y, stronger than expectations of +0.3% m/m and +5.2% y/y with the +7.2% y/y gain the biggest annual increase in 13 months. U.S. STOCK PREVIEW Key U.S. news today includes: (1) July Challenger job cuts (June +42.7% y/y), and (2) weekly initial unemployment claims (expected +5,000 to 272,000, previous +12,000 to 267,000) and continuing claims (expected -13,000 to 2.249 million, previous +46,000 to 2.262 million). There are 14 of the S&P 500 companies that report earnings today with notable reports including: Viacom (consensus $1.47), Duke Energy (0.99), Apache Corp (-0.28), NVIDIA (0.21), Consolidated Edison (0.63), Monster Beverage (0.91). U.S. IPO's scheduled to price today include: First Foundation (FFWM). Equity conferences during the remainder of this week include: none. OVERNIGHT U.S. STOCK MOVERS Teradata (TDC +0.78%) reported Q2 EPS of 43 cents, well below consensus of 56 cents. Albemarle (ALB -0.69%) reported Q2 EPS of 84 cents, higher than consensus of 82 cents. Transocean (RIG +0.98%) climbed over 7% in pre-market trading after it reported Q2 EPS $1.11, more than double consensus of 50 cents and reported Q2 revenue of $1.88 billion, better than consensus of $1.70 billion. American Water (AWK +0.72%) reported Q2 EPS of 68 cents, better than consensus of 67 cents. Tesoro (TSO +1.34%) reported Q2 adjusted EPS of $4.62, well above consensus of $4.02. Dun & Bradstreet (DNB +0.66%) reported Q2 EPS of $1.25, less than consensus of $1.31. Tesla (TSLA +1.45%) reported a Q2 EPS loss of -48 cents, a narrower loss than consensus of -60 cents. Andersons (ANDE +0.61%) reported Q2 EPS of $1.09, above consensus of 99 cents, although Q2 revenue of $1.21 billion was below consensus of $1.26 billion. Masonite (DOOR -1.46%) reported Q2 EPS of 42 cents, below consensus of 50 cents. Prudential (PRU +0.02%) reported Q2 adjusted EPS of $2.91, above consensus of $2.47. Herbalife (HLF -2.39%) jumped 8% in after-hours trading after it reported Q2 EPS of $1.24, higher than consensus of $1.11. Fitbit reported Q2 EPS of 21 cents, more than double consensus of 8 cents. 21st Century Fox (FOXA -7.02%) reported Q4 adjusted EPS of 39 cents, above consensus of 37 cents. CBS (CBS -4.62%) reported Q2 adjusted EPS of 74 cents, higher than consensus of 72 cents. Keurig Green Mountain (GMCR -2.10%) plunged 30% in after-hours trading after it reported Q3 adjusted EPS of 80 cents, better than consensus of 79 cents, but then lowered guidance on Q4 adjusted EPS to 70 cents-75 cents, well below consensus of 97 cents. MARKET COMMENTS Sep E-mini S&Ps (ESU15 +0.01%) this morning are down -0.50 of a point (-0.02%). Wednesday's closes: S&P 500 +0.31%, Dow Jones -0.06%, Nasdaq +0.76%. The S&P 500 on Wednesday closed higher on the +4.3 point increase in the Jul ISM non-manufacturing PMI to a 10-year high of 60.3, and mostly positive company Q2 earnings results with 75% of reporting S&P 500 companies having beaten earnings estimates. The main bearish factor was the weak July ADP employment report of +185,000, less than expectations of +215,000. Sep 10-year T-note prices (ZNU15 +0.07%) this morning are up +2 ticks. Wednesday's closes: TYU5 -16.5, FVU5 -7.75. Sep T-notes on Wednesday closed lower on the larger-than-expected increase in the U.S. July non-manufacturing ISM to a 10-year high and negative carry-over from comments made Tuesday by Atlanta Fed President Lockhart who said September may be the appropriate time for the Fed to begin raising interest rates. The dollar index (DXY00 +0.06%) this morning is down -0.054 (-0.06%). EUR/USD (^EURUSD) is up +0.0006 (+0.06%). USD/JPY (^USDJPY) is down -0.04 (-0.03%). Wednesday's closes: Dollar Index +0.027 (+0.03%), EUR/USD +0.00244 (+0.22%), USD/JPY +0.48 (+0.39%). The dollar index on Wednesday rose to a 3-1/4 month high and closed higher on the stronger-than-expected increase in the Jul ISM non-manufacturing index to a 10-year high and weakness in the yen as USD/JPY climbed to a 1-3/4 month high as a rally in stocks reduced the safe haven demand for the yen. Sep crude oil (CLU15 -0.82%) this morning is down -50 cents (-1.11%) at a fresh 4-1/2 month low and Sep gasoline (RBU15 -0.40%) is down -0.0100 (-0.60%). Wednesday's closes: CLU5 -0.59 (-1.29%), RBU5 -0.0119 (-0.71%). Sep crude and gasoline on Wednesday closed lower with Sep crude at a 4-3/4 month low and Sep gasoline at a 5-1/4 month low. Negative factors included (1) the rally in the dollar index to a 3-1/4 month high, (2) the unexpected +811,000 bbl increase in weekly EIA gasoline inventories (vs expectations of -200,000 bbl), and (3) the +709,000 bbl increase in EIA distillate inventories to a 3-1/2 year high. Crude oil found underlying support on the news that EIA crude stockpiles fell -4.41 million bbl to a 4-3/4 month low vs expectations of -1.6 million bbl. GLOBAL EVENT CALENDAR08/06/2015 US 0730 ET Jul Challenger job cuts, Jun +42.7% y/y. 0830 ET Weekly initial unemployment claims expected +5,000 to 272,000, previous +12,000 to 267,000. Weekly continuing claims expected -13,000 to 2.249 million, previous +46,000 to 2.262 million. 0830 ET USDA weekly Export Sales. JPN 0100 ET Japan Jun leading index CI expected +0.7 to 106.9, May 106.2. Jun coincident index expected +1.2 to 110.2, May 109.0. GER 0200 ET German Jun factory orders expected +0.3% m/m and +5.2% y/y, May -0.2% m/m and +4.7% y/y. 0330 ET German Jul Markit construction PMI, Jun 50.7. UK 0400 ET UK Jul new car registrations, Jun +12.9% y/y. 0430 ET UK Jun industrial production expected +0.1% m/m and +2.2% y/y, May +0.4% m/m and +2.1% y/y. 0430 ET UK Jun manufacturing production expected +0.1% m/m and +0.4% y/y, May -0.6% m/m and +1.0% y/y. 0700 ET BOE announces interest rate decision and asset purchase target expected no change to the 0.50% benchmark rate or to the 375 billion pound asset purchase target. 1000 ET UK Jul NIESR GDP estimate, Jun +0.7% q/q. U.S. STOCK CALENDAR08/06/2015 Company Ticker Time Event Description Period Estimate Becton Dickinson and Co BDX US Bef-mkt Q3 2015 Earnings Release Q3 2015 2.003 Mylan NV MYL US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.89 Molson Coors Brewing Co TAP US Bef-mkt Q2 2015 Earnings Release Q2 2015 1.323 Allergan plc AGN US Bef-mkt Q2 2015 Earnings Release Q2 2015 4.393 Teradata Corp TDC US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.557 Viacom Inc VIAB US Bef-mkt Q3 2015 Earnings Release Q3 2015 1.47 Michael Kors Holdings Ltd KORS US Bef-mkt Q1 2016 Earnings Release Q1 2016 0.729 Duke Energy Corp DUK US 7:00 Q2 2015 Earnings Release Q2 2015 0.992 L Brands Inc LB US 7:30 July 2015 Sales and Revenue Call 2015 Apache Corp APA US 8:00 Q2 2015 Earnings Release Q2 2015 -0.276 Becton Dickinson and Co BDX US 8:00 Q3 2015 Earnings Call Q3 2015 Dun & Bradstreet Corp/The DNB US 8:00 Q2 2015 Earnings Call Q2 2015 Michael Kors Holdings Ltd KORS US 8:00 Q1 2016 Earnings Call Q1 2016 Tesoro Corp TSO US 8:30 Q2 2015 Earnings Call Q2 2015 Allergan plc AGN US 8:30 Q2 2015 Earnings Call Q2 2015 Teradata Corp TDC US 8:30 Q2 2015 Earnings Call Q2 2015 CF Industries Holdings Inc CF US 8:30 Q2 2015 Earnings Call Q2 2015 Viacom Inc VIAB US 8:30 Q3 2015 Earnings Call Q3 2015 FMC Corp FMC US 9:00 Q2 2015 Earnings Call Q2 2015 Harman International Industries Inc HAR US 9:00 Investor Day Y 2015 Progressive Corp/The PGR US 9:00 Investor Relations Conference Call Marathon Oil Corp MRO US 9:00 Q2 2015 Earnings Call Q2 2015 Red Hat Inc RHT US 9:00 Annual General Meeting Transocean Ltd RIG US 9:30 Q2 2015 Earnings Call Q2 2015 Duke Energy Corp DUK US 10:00 Q2 2015 Earnings Call Q2 2015 Mylan NV MYL US 10:00 Q2 2015 Earnings Call Q2 2015 Molson Coors Brewing Co TAP US 11:00 Q2 2015 Earnings Call Q2 2015 Prudential Financial Inc PRU US 11:00 Q2 2015 Earnings Call Q2 2015 Molson Coors Brewing Co TAP US 13:00 Q2 2015 Earnings Call - Follow-up Session C2 2015 Apache Corp APA US 14:00 Q2 2015 Earnings Call Q2 2015 NVIDIA Corp NVDA US 16:20 Q2 2016 Earnings Release Q2 2016 0.208 NVIDIA Corp NVDA US 17:00 Q2 2016 Earnings Call Q2 2016 Monster Beverage Corp MNST US 17:00 Q2 2015 Earnings Call Q2 2015 Consolidated Edison Inc ED US Aft-mkt Q2 2015 Earnings Release Q2 2015 0.634 EOG Resources Inc EOG US Aft-mkt Q2 2015 Earnings Release Q2 2015 0.101 Mohawk Industries Inc MHK US Aft-mkt Q2 2015 Earnings Release Q2 2015 2.617 Monster Beverage Corp MNST US Aft-mkt Q2 2015 Earnings Release Q2 2015 0.911 L Brands Inc LB US July 2015 Sales and Revenue Release 2015 United Parcel Service Inc UPS US Roadshow - Boston Y 2015 Principal Financial Group Inc PFG US Roadshow - Tokyo - Day 1 Y 2015 Ralph Lauren Corp RL US Annual General Meeting Red Hat Inc RHT US Annual General Meeting

The 5 Best Large Caps

I keep tweaking my stock selection process hoping to find the individual investors Holy Grail  of indicators.  My new selection process still uses Barchart to sort for stocks having positive momentum over the past year that appear to still have some gas left in the tank.

Today's list is sorted from the S&P 500 Large Cap Index and includes Electronic Arts (EA), Regeneron Pharmaceuticals (REGN), Tesoro Petroleum (TSO), Edwards Lifesciences (EW) and Monster Beverage (MNST).

Electronic Arts (EA)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 17.12% in the last month
• Relative Strength Index 78.38%
• Barchart computes a technical support level at 70.10
• Recently traded at 73.44 with a 50 day moving average of 64.26

Regeneron Pharmaceuticals (REGN)

Barchart technical indicators:

• 100% Barchat technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 8.88% in the last month
• Relative Strength Index 63.25%
• Barchart computes a technical support level at 503.22
• Recently traded at 537.99 with a 50 day moving average of 504.50

Tesoro Petroleum (TSO)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20 50 and 100 day moving averages
• 12 new highs and up 19.15% in the last month
• Relative Strength Index 77.47%
• Barchart computes a technical support level at 92.05
• Recently traded at 100.08 with a 50 day moving average of 88.11

Edwards Lifesciences (EW)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 13.92% in the last month
• Relative Strength Index 68.65%
• Barchart computes a technical support level at 144.27
• Recently traded at 151.86 with a 50 day moving average of 135.24

Monster Beverage (MNST)

Barchart technical indicators:

• 56% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 739% in the last month
• Relative Strength Index 60.49%
• Barchart computes a technical support level at 132.95
• Recently traded at 137.90 with a 50 day moving average of 132.21

BARCHART MORNING CALL 6/9

BARCHART MORNING CALL

Tuesday, June 9th, 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 -0.11%) this morning are down -0.18% at a 1-month low and European stocks are down -0.89% at a 3-1/2 month low as slower-than-expected Chinese inflation data signals slowing economic growth in China. Also. Greek default concerns remain as G-7 leaders meeting in Germany insist that Greece deliver an economic program that can satisfy its creditors. Asian stocks closed lower: Japan -1.76%, Hong Kong -1.20%, China -0.36%, Taiwan -1.88%, Australia -0.49%, Singapore -0.76%, South Korea -0.28%, India -0.16%. Japan's Nikkei Stock Index fell to a 3-week low on negative carryover from Monday's slide in U.S. and European stocks. Losses in Chinese stocks were limited ahead of MSCI's decision today to include Chinese mainland securities to its benchmark indexes.
Commodity prices are mostly higher. Jul crude oil (CLN15 +2.20%) is up +1.82%. Jul gasoline (RBN15 +1.84%) is up +1.55%. Metals prices are stronger. Aug gold (GCQ15 +0.69%) is up +0.60%. Jul copper (HGN15 +1.04%) is up +0.57%. Agricultural prices are mixed.
The dollar index (DXY00 -0.06%) is up +0.06%. EUR/USD (^EURUSD) is down -0.19%. USD/JPY (^USDJPY) is down -0.29%.

Sep T-note prices (ZNU15 +0.06%) are up +4 ticks.
According to people familiar with the matter, a divide is growing between German Chancellor Merkel, who wants to make concessions to keep Greece in the Eurozone because of geopolitical concerns, and German Finance Minister Schaeuble, who is willing to let Greece exit the Eurozone and said the contagion risk from Greece leaving the Eurozone is "marginal."
ECB Governing Council member Liikanen said that the ECB is looking through the recent rise in market rates and is "unanimous that we should look through these developments and maintain a steady monetary policy." He added that Eurozone financial stability risks "are today well contained, but we need to follow it" and the ECB's QE program will run longer than Sep 2016 "if needed."
China May CPI rose +1.2% y/y, less than expectations of +1.3% y/y. May PPI fell -4.6% y/y, unch from Apr and a bigger decline than expectations of -4.5% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Apr wholesale inventories (expected +0.2% m/m after March's +0.1% m/m) and Apr wholesale trade sales (expected +0.6% m/m after March's -0.2% m/m), (2) Apr JOLTS job openings expected +50,000 to 5.044 million, Mar -150,000 to 4.994 million, and (3) the Treasury auction of $24 billion of 3-year T-notes.
There are two of the Russell 1000 companies that report earnings today: Greif (consensus $0.46), HD Supply (0.29).
U.S. IPO's scheduled to price today include: none.
Equity conferences during the remainder of this week include: Apple's Worldwide Developer's Conference (WWDC15) on Mon-Fri, Nomura Retail Conference on Tue, Oppenheimer Energy Conference on Tue, Morgan Stanley Financials Conference on Tue-Wed, NAREIT REITWeek Investor Forum on Tue-Wed, Piper Jaffray Consumer Conference on Tue-Wed, Piper Jaffray Consumer Conference on Tue-Wed, Goldman Sachs Global Healthcare Conference on Tue-Thu, Deutsche Bank db Access Global Consumer Conference on Tue-Thu, William Blair Growth Stock Conference on Tue-Thu, Goldman Sachs European Payments Conference on Wed, Macquarie Group Ltd. Global Metals, Mining & Materials Conference on Wed, Gabelli & Co., Inc. Movie & Entertainment Conference on Thu, Goldman Sachs 2020 Vision Chemicals Conference on Thu, Susquehanna Energy and Industrials Conference on Thu, Barclays High Yield Bond and Syndicated Loan Conference on Thu-Fri.

OVERNIGHT U.S. STOCK MOVERS

Burlington Stores (BURL -2.14%) reported Q1 EPS of 41 cents, right on consensus, although Q1 revenue of $1.18 billion was below consensus of $1.22 billion. Burlington then lowered guidance on fiscal 2015 adjusted EPS $to 2.15-$2.25, below consensus of 2.28.
Dollar General (DG -0.21%) was upgraded to 'Strong Buy' from 'Market Perform' at Raymond James.
General Electric (GE -0.18%) announced that it will sell its U.S. Sponsor Finance business and a $3 billion bank loan portfolio to Canada Pension Plan Investment Board in a transaction valued at approximately $12 billion.
Akamai (AKAM -0.47%) was downgraded to 'Neutral' from 'Outperform' at Macquarie.
HD Supply (HDS -2.35%) reported Q1 adjusted EPS of 33 cents, higher than consensus of 29 cents.
HSBC (HSBC +0.40%) said it will cut 50,000 jobs in a global business overhaul.
Lululemon Athletica (LULU -3.57%) rose nearly 3% in pre-market trading after it reported Q1 EPS of 34 cents, higher than consensus of 33 cents.
D. E. Shaw & Co reported a 5.1% passive stake in Tesoro (TSO -0.50%) .
FedEx (FDX -1.29%) raised its quarterly dividend 25% to 25 cents from 20 cents per share.
Newmont Mining (NEM -0.27%) filed to sell 29 million shares of common stock.
AMAG Pharmaceuticals (AMAG -2.54%) was initiated with a 'Buy' at Guggenheim with a price target of $85.
H&R Block (HRB -0.73%) reported fiscal 2015 EPS of $1.75, better than consensus of $1.73, although 2015 revenue of $3.079 billion, below consensus of $3.090 billion.
Casey's General Stores (CASY -0.47%) reported Q4 EPS of $1.05, well above consensus of 85 cents.
United Natural Foods (UNFI -0.34%) slid 7% in after-hours trading after it reported Q3 EPS of 83 cents, below consensus of 85 cents, and then lowered guidance on fiscal 2015 adjusted EPS view to $2.84-$2.88 from $2.90-$2.99, weaker than consensus of $2.92.

MARKET COMMENTS

June E-mini S&Ps (ESM15 -0.11%) this morning are down -3.75 points (-0.18%) at a fresh 1-month low. Monday's closes: S&P 500 -0.65%, Dow Jones -0.46%, Nasdaq -1.02%. The S&P 500 on Monday sold off to a 1-month low on negative carry-over from a slide in European stock to a 3-1/2 month low on the ongoing Greek crisis. In addition, there was weakness in airline stocks after Raymond James downgraded the sector and in technology stocks as Intel declined over 1% and IBM fell to a 6-week low.
Sep 10-year T-notes (ZNU15 +0.06%) this morning are up +4 ticks. Monday's closes: TYU5 +7.50, FVU5 +6.50. Sep T-notes on Monday settled higher on increased safe-haven demand for T-notes after stocks sold off.
The dollar index (DXY00 -0.06%) this morning is up +0.057 (+0.06%). EUR/USD (^EURUSD) is down -0.0021 (-0.19%). USD/JPY (^USDJPY) is down -0.36 (-0.29%). Monday's closes: Dollar Index -1.007 (-1.05%), EUR/USD +0.01762 (+1.59%), USD/JPY -1.117 (-0.89%). The dollar index on Monday closed lower on strength in EUR/USD after German Apr industrial production rose more than expected. In addition, there was strength in the yen as USD/JPY fell back on reduced BOJ stimulus expectations after Japan Q1 GDP was revised higher.
July WTI crude oil (CLN15 +2.20%) this morning is up +$1.06 a barrel (+1.82%). July gasoline (RBN15 +1.84%) is up +0.0311 (+1.55%). Monday's closes: CLN5 -0.99 (-1.67%), RBN5 -0.0225 (-1.11%). Jul crude and gasoline on Monday closed lower on concern that the global crude supply glut will persist after OPEC on Friday agreed to maintain its crude production target at 30 million bpd. There was also concern about reduced demand from China, the world's second-biggest crude consumer, after China May crude imports dropped -25.7% m/m to 5.5 million bpd, the lowest in 15 months.

GLOBAL EVENT CALENDAR06/09/2015

US	1000 ET	Apr wholesale inventories expected +0.2% m/m, Mar +0.1% m/m. Apr wholesale trade sales expected +0.6% m/m, Mar -0.2% m/m.
	1000 ET	Apr JOLTS job openings expected +50,000 to 5.044 million, Mar -150,000 to 4.994 million.
	1300 ET	Treasury auctions $24 billion of 3-year T-notes.
JPN	0100 ET	Japan May consumer confidence index expected +0.4 to 41.9, Apr 41.5.
	0200 ET	Japan May machine tool orders, Apr +10.5% y/y.
	1950 ET	Japan May PPI expected +0.2% m/m and -2.2% y/y, Apr +0.1% m/m and -2.1% y/y.
	1950 ET	Japan Apr machine orders expected -2.1% m/m and -1.4% y/y, Mar +2.9% m/m and +2.6% y/y.
GER	0200 ET	German Q1 labor costs, Q4 +1.0% q/q and +2.0% y/y.
EUR	0500 ET	Revised Eurozone Q1 GDP, previous +0.4% q/q and +1.0% y/y.
CHI	n/a	China May new yuan loans expected 850.0 billion yuan, Apr 707.9 billion yuan.

U.S. STOCK CALENDAR06/09/2015

Company	Ticker	Time	Event Description	Period	Estimate
Endo International PLC	ENDP US	6/9/2015	Annual General Meeting	Y 2015
Greif Inc	GEF US	6/9/2015	Q2 2015 Earnings Release	Q2 2015	0.46
HD Supply Holdings Inc	HDS US	6/9/2015	Q1 2016 Earnings Release	Q1 2016	0.287
Newmont Mining Corp	NEM US	6/9/2015	Acquisition of Cripple Creek & Victor Gold Mine from AngloGold Ashanti Ltd by N
HD Supply Holdings Inc	HDS US	6/9/2015	Q1 2016 Earnings Call	Q1 2016
TD Ameritrade Holding Corp	AMTD US	6/9/2015	May 2015 Sales and Revenue Release	2015
General Motors Co	GM US	6/9/2015	Annual General Meeting	Y 2015
Outfront Media Inc	OUT US	6/9/2015	Annual General Meeting
Avnet Inc	AVT US	6/9/2015	Investor Day	Y 2015
Cisco Systems Inc	CSCO US	6/9/2015	Investor Day	Y 2015
Tesla Motors Inc	TSLA US	6/9/2015	Annual General Meeting	Y 2015
Best Buy Co Inc	BBY US	6/9/2015	Annual General Meeting
Regeneron Pharmaceuticals Inc	REGN US	6/9/2015	FDA Adcomm, alirocumab, hypercholesterolemia
AMC Networks Inc	AMCX US	6/9/2015	Annual General Meeting
BioMarin Pharmaceutical Inc	BMRN US	6/9/2015	Annual General Meeting
Netflix Inc	NFLX US	6/9/2015	Annual General Meeting
MasterCard Inc	MA US	6/9/2015	Annual General Meeting