Showing posts with label WYNN. Show all posts
Showing posts with label WYNN. Show all posts

Friday, September 29, 2017

5 Great NASDAQ 100 Stocks

Today I wanted to find 5 NASDAQ 100 stocks that had great returns over the past year and still seem to have some steam left.  I used Barchart to sort the NASDAQ 100 Index stocks first by the highest Weighted Alpha, then again by technical buy signals of 80% or more.  I always use the Flipchart feature to review the charts for consistency.  Today's Watch List includes:

Micron Technology (MU), Lam Research (LRCX), Applied Material (AMAT), Wynn Resorts (WYNN) and Marriot International (MAR)

Micron Technology (MU)


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 21.03% in the last month
  • Relative Strength Index  73.42%
  • Technical support level at 37.03
  • Recently traded at 38.45 with a 50 day moving average of 31.74
Lam Research (LRCX)

 Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 13.35% in the last month
  • Relative Strength Index 67.17%
  • Technical support level at 178.98
  • Recently traded at 184.19 with a 50 day moving average of 164.61


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 17.03% in the last month
  • Relative Strength Index 71.22%
  • Technical support level at 49.22
  • Recently traded at 51.73 with a 50 day moving average of 45.32


Barchart technical indicators:
  • 100% technical by signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 10.48% in the last month
  • Relative Strength Index 65.22%
  • Technical support level at 143.66
  • Recently traded at 149.56 with a 50 day moving average of 137.30


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 10.97% in the last month
  • Relative Strength Index 73.33% 
  • Technical support level at 108.62
  • Recently traded at 111.22 with a 50 day moving average of 103.64
#MU #LRCX #AMAT #WYNN #MAR

Tuesday, August 15, 2017

Morning Call 8/15

Barchart Morning Call

OVERNIGHT MARKETS AND NEWS
Sep E-mini S&Ps (ESU17 +0.26%) this morning are up +0.20% and European stocks are up +0.40% as tensions between the U.S. and North Korea wane, which is fueling gains in global equity markets. The VIX volatility index fell for a third day and Dec COMEX gold prices (GCZ17 -0.81%) declined -0.81% on reduced safe-haven demand after a North Korean media report signaled that North Korean President Kim Jong Un had decided not to launch missiles toward Guam. Gains in European stocks were contained after German Q2 GDP expanded at a slower than expected pace, while weakness in energy stocks limited the upside in U.S. markets as Sep WTI crude oil (CLU17 -0.46%) slid -0.38% to a 3-week low. GBP/USD fell -0.69% to a 1-month low on weaker-than-expected UK Jul CPI, which may keep the BOE from tapering its QE program. Asian stocks settled mostly higher: Japan +1.11%, Hong Kong -0.28%, China +0.43%, Taiwan +0.84%, Australia +0.47%, Singapore -0.42%, South Korea and India closed for holiday. Chinese stocks also found support on stronger-than-expected China Jul aggregate financing, the broadest measure of credit, and Japanese exporters led gains in the Nikkei Stock Index as USD/JPY rose for a second day.
The dollar index (DXY00 +0.36%) is up +0.34%. EUR/USD (^EURUSD) is down -0.21%. USD/JPY (^USDJPY) is up +0.71%.
Sep 10-year T-note prices (ZNU17 -0.22%) are down -9 ticks.
German Q2 GDP rose +0.6% q/q, weaker than expectations of +0.7% q/q.
UK Jul CPI of -0.1% m/m and +2.6% y/y was weaker than expectations of unch m/m and +2.7% y/y. Jul core CPI rose +2.4% y/y, weaker than expectations of +2.5% y/y.
China Jul new yuan loans rose 825.5 billion yuan, stronger than expectations of +800.0 billion yuan. Jul aggregate financing increased by 1.22 trillion yuan, stronger than expectations of 1.00 trillion yuan.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Jul import price index (expected +0.1% m/m, Jun -0.2% and +0.1% ex-petroleum), Jul export price index (expected +0.2% m/m, Jun -0.2% m/m and +0.6% y/y), (2) Aug Empire manufacturing survey general business conditions (expected +0.2 to 10.0, Jul -10.0 to 9.8), (3) Jul retail sales (expected +0.3% and +0.4% ex autos, Jun -0.2% and -0.2% ex autos), (4) Aug NAHB housing market index (expected unch at 64, Jul -2 to 64), (5) Jun business inventories (expected +0.4%, May +0.3%).
Notable Russell 1000 earnings reports today include: Advance Auto Parts (consensus $1.65), Coach $0.50, TJX Cos $0.84, Home Depot $2.21, Dick's Sporting Goods $1.00, Brighthouse Financial $2.43, Agilent Technologies $0.52, Urban Outfitters $0.37, Jack Henry & Associates $0.83.
U.S. IPO's scheduled to price today: Capitol Investment Co.
Equity conferences this week: D. A. Davidson & Co Technology Forum on Tue, Nomura Holdings Inc Instinet Media Telecom Conference on Tue, Citi Insurance & Asset Managers Forum on Wed, Barclays Kohler Conference on Wed, Wedbush Pacgrow Health Care Conference on Wed.
OVERNIGHT U.S. STOCK MOVERS
Home Depot (HD -0.40%) rose nearly 2% in pre-market trading after it reported Q2 EPS of $2.25, better than consensus of $2.21, and then raised guidance on full-year EPS to $7.29 from a prior view of $7.15.
American Eagle Outfitters (AEO -2.32%) was upgraded to 'Buy' from 'Market Perform' at FBR Capital Markets with a 12-month target price of $13.
NetApp (NTAP +1.30%) was upgraded to 'Buy' from 'Neutral' at Longbow Research with a 12-month target price of $50.
Wynn Resorts Ltd (WYNN +2.03%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank.
Targa Resources (TRGP -1.31%) was upgraded to 'Buy' from 'Neutral' at Guggenheim Securities with a 12-month target price of $50.
Synchrony Financial (SYF +1.51%) climbed nearly 5% in after-hours trading after Berkshire Hathaway reported that it increased its stake in SYF to $520 million in Q2.
FibroGen (FGEN +5.76%) lost over 2% in after-hours trading after it announced that it intends to offer and sell up to $300 million of its common stock in an underwritten follow-on offering.
Allscripts Healthcare Solutions (MDRX +0.47%) gained 1% in after-hours trading after it was upgraded to 'Overweight' from 'Neutral' at Cantor Fitzgerald with a price target of $17.
Omeros (OMER +4.95%) dropped nearly 5% in after-hours trading after it filed to sell 3 million shares of its common stock in a secondary public offering.
Pandora Media (P -0.12%) rose 4% in after-hours trading after it named Sling TV CEO Roger Lynch as CEO and board member effective September 18.
Extreme Networks (EXTR +8.00%) jumped 10% in after-hours trading after it reported Q4 adjusted EPS of 17 cents, above consensus of 15 cents.
Photronics (PLAB +3.68%) plunged 16% in after-hours trading after it reported Q3 revenue of $111.6 million, below consensus of $115.2 million, and then said it sees Q4 revenue of $108 million-$116 million, weaker than expectations of $124.2 million.
MARKET COMMENTS
Sep S&P 500 E-mini stock futures (ESU17 +0.26%) this morning are up +5.00 points (+0.20%). Monday's closes: S&P 500 +1.00, Dow Jones +0.62%, Nasdaq +1.31%. The S&P 500 on Monday closed sharply higher on reduced market volatility after the VIX volatility index plunged when North Korean geopolitical risks subsided. Another supportive factor was signs of strength in the Japanese economy that benefits global growth after Japan Q2 GDP rose +4.0% (q/q annualized), stronger than expectations of +2.5% (q/q annualized) and the fastest pace of growth in over 2-years. A bearish factor was weakness in energy producers after crude oil prices fell -2.52%.
Sep 10-year T-note prices (ZNU17 -0.22%) this morning are down -9 ticks. Monday's closes: TYU7 -8.50, FVU7 -4.75. Sep 10-year T-notes on Monday closed lower on reduced safe-haven demand for T-notes as the stock market rallied sharply after North Korean tensions eased, and on signs of stronger global economic growth that may prompt the Fed to raise interest rates and the BOJ to taper QE after Japan Q2 GDP expanded at a +4.0% (q/q annualized) pace, the fastest pace of growth in over 2-years.
The dollar index (DXY00 +0.36%) this morning is up +0.318 (+0.34%). EUR/USD (^EURUSD) is down -0.0025 (-0.21%) and USD/JPY (^USDJPY) is up +0.78 (+0.71%). Monday's closes: Dollar Index +0.342 (+0.37%), EUR/USD -0.0041 (-0.35%), USD/JPY +0.44 (+0.40%). The dollar index on Monday closed higher due to weakness in EUR/USD after Eurozone Jun industrial production fell -0.6% m/m, the biggest decline in 6 months, and on the increase in 10-year T-note yields, which improves the dollar's interest rate differentials.
Sep crude oil (CLU17 -0.46%) this morning is down -18 cents (-0.38%) at a 3-week low. Sep gasoline (RBU17 -0.15%) is unch. Monday's closes: Sep WTI crude -1.23 (-2.52%), Sep gasoline -0.0363 (-2.25%). Sep crude oil and gasoline on Monday fell to 2-1/2 week lows and closed lower due to a stronger dollar, and slack Chinese crude demand after China Jul crude processing fell -4.4% to 10.76 million bpd, the smallest amount of crude processed in 10-months. Another bearish factor was negative carry-over from Friday's data from Baker Hughes that showed U.S. active oil rigs in the week ended Aug 11 rose +3 to 768, the most in 2-1/3 years.
GLOBAL EVENT CALENDAR08/15/2017
Tuesday, Aug 15
US0830 ETJul import price index expected +0.1% m/m, Jun -0.2% and +0.1% ex-petroleum. Jul export price index expected +0.2% m/m, Jun -0.2% m/m and +0.6% y/y.
0830 ETAug Empire manufacturing survey general business conditions expected +0.2 to 10.0, Jul -10.0 to 9.8.
0830 ETJul retail sales expected +0.3% and +0.4% ex autos, Jun -0.2% and -0.2% ex autos.
1000 ETAug NAHB housing market index expected unch at 64, Jul -2 to 64.
1000 ETJun business inventories expected +0.4%, May +0.3%.
Wednesday, Aug 16
US0700 ETWeekly MBA mortgage applications, previous +3.0% with purchase sub-index +0.8% and refi sub-index +5.3%.
0830 ETJul housing starts expected +0.4% to 1.220 million, Jun +8.3% to 1.215 million. Jul building permits expected -2.0%to 1.250 million, Jun +9.2% to 1.275 million.
1030 ETEIA Weekly Petroleum Status Report.
1400 ETMinutes of the Jul 25-26 FOMC meeting.
U.S. STOCK CALENDAR08/15/2017

CompanyTickerTimeEvent DescriptionPeriodEstimate
Advance Auto Parts IncAAP USBef-mktQ2 2017 Earnings ReleaseQ2 171.65
Coach IncCOH USBef-mktQ4 2017 Earnings ReleaseQ4 170.495
TJX Cos Inc/TheTJX USBef-mktQ2 2018 Earnings ReleaseQ2 180.84
Home Depot Inc/TheHD US6:00Q2 2018 Earnings ReleaseQ2 182.214
Dick's Sporting Goods IncDKS US7:30Q2 2018 Earnings ReleaseQ2 180.998
Advance Auto Parts IncAAP US8:00Q2 2017 Earnings CallQ2 17
Coach IncCOH US8:30Q4 2017 Earnings CallQ4 17
Home Depot Inc/TheHD US9:00Q2 2018 Earnings CallQ2 18
Dick's Sporting Goods IncDKS US10:00Q2 2018 Earnings CallQ2 18
TJX Cos Inc/TheTJX US11:00Q2 2018 Earnings CallQ2 18
Brighthouse Financial IncBHF USQ2 2017 Earnings ReleaseQ2 172.432
Equifax IncEFX USInvestor Meeting - Los Angeles
Equifax IncEFX USInvestor Meeting - Denver
Agilent Technologies IncA US16:00Q3 2017 Earnings ReleaseQ3 170.522
Urban Outfitters IncURBN US16:05Q2 2018 Earnings ReleaseQ2 180.367
Jack Henry & Associates IncJKHY US16:15Q4 2017 Earnings ReleaseQ4 170.83
Agilent Technologies IncA US16:30Q3 2017 Earnings CallQ3 17
Urban Outfitters IncURBN US17:00Q2 2018 Earnings CallQ2 18

Wednesday, April 5, 2017

MORNING CALL 4/5

Barchart Morning Call

OVERNIGHT MARKETS AND NEWS
Jun E-mini S&Ps (ESM17 -0.12%) this morning are little changed, down -0.03%, and European stocks are up +0.03%. European stocks found support on reduced political risks from France's presidential election after anti-EU candidate Marine Le Pen was seen to have struggled in a televised debate among French presidential candidates on Tuesday night. A rally in crude oil is boosting energy producing stocks with May WTI crude (CLK17 +1.08%) up +0.90% at a 4-week high. Crude oil gained after API late Tuesday showed U.S. oil inventories fell -1.83 million bbl. U.S. equities are in a holding pattern ahead of today's data on Mar ADP employment and the minutes of the Mar-14-15 FOMC meeting. Asian stocks settled mostly higher: Japan +0.27%, Hong Kong +0.57%, China +1.48%, Taiwan +1.41%, Australia +0.34%, Singapore -0.08%, South Korea -0.06%, India +0.21%.
The dollar index (DXY00 -0.01%) is little changed, down -0.01%. EUR/USD (^EURUSD) is down -0.05%. USD/JPY (^USDJPY) is up +0.09%.
Jun 10-year T-note prices (ZNM17 -0.02%) are down -3 ticks.
The Eurozone Mar Markit composite PMI was revised lower to 56.4 from the originally reported 56.7, still the fastest pace of expansion since the data series began in 2014.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -0.8% with purchase sub-index +1.2% and refi sub-index -2.9%), (2) Mar ADP employment change (expected +195,000, Feb +298,000), (3) revised Mar Markit services PMI (expected +0.2 to 53.1, prelim-Mar -0.9 to 52.9), (4) Mar ISM non-manufacturing index (expected -0.6 to 57.0, Feb +1.1 to 57.6), (5) minutes of Mar 14-15 FOMC meeting, (6) EIA Weekly Petroleum Status Report.
Notable Russell 1000 earnings reports today include: Monsanto (consensus $2.79), Walgreens (1.36), Bed, Bath & Beyond (1.77), Yum China Holdings (0.38).
U.S. IPO's scheduled to price today: Elevate Credit (ELVT), Schneider National (SNDR).
Equity conferences: AACR Meeting on Mon-Wed, Jefferies Animal Health Summit on Thu.
OVERNIGHT U.S. STOCK MOVERS
Panera Bread (PNRA -3.05%) jumped 13% in pre-market trading after JAB Holding said it will acquire Panera for about $7.5 billion.
Exelon (EXC +0.89%) was downgraded to 'Market Perform' from 'Outperform' at Wells Fargo.
Wynn Resorts Ltd (WYNN +0.34%) was upgraded to 'Buy' from 'Hold' at Argus with a price target of $135.
Tenet Healthcare (THC -2.52%) was rated a new 'Buy' at Deutsche Bank with a price target of $28.
Citigroup (C unch) was upgraded to 'Outperform' from 'Market Perform' at Keefe, Bruyette & Woods with a price target of $69.
Wells Fargo & Co. (WFC -0.52%) was upgraded to 'Outperform' from 'Market Perform' at Keefe, Bruyette & Woods with a price target of $63.
A Schulman (SHLM -0.33%) rallied over % in after-hours trading after it said it sees full-year revenue of $2.5 billion to $2.6 billion, above consensus of $2.44 billion.
Sygenta AG (SYT +0.35%) rose nearly 1% in after-hours trading after China National Chemical Corp. won U.S. antitrust approval for its $43 billion takeover of Sygenta.
New Relic (NEWR +0.30%) gained almost 2% in after-hours trading after it reported preliminary Q4 revenue of $73 million-$73.1 million, above a February 7 estimate of $71.3 million.
Tenet Healthcare (THC -2.52%) gained nearly 1% in after-hour trading after it was rated a new 'Buy' at Deutsche Bank with a price target of $28.
Adecoagro (AGRO unch) slipped 3% in after-hours trading after a block of 9 million shares was offered via Morgan Stanley at $11.20 to $11.30.
Guidance Software (GUID +0.34%) was rated new 'Overweight' at Piper Jaffray with a 12-month price target of $8.50.
MARKET COMMENTS
Jun E-mini S&Ps (ESM17 -0.12%) this morning are down -0.75 points (-0.03%). Tuesday's closes: S&P 500 +0.06%, Dow Jones +0.19%, Nasdaq +0.15%. The S&P 500 on Tuesday closed higher on the U.S. Feb trade deficit of -$43.6 billion, narrower than expectations of -$44.6 billion, which is positive for Q1 GDP. There was also strength in energy producing stocks after crude oil prices climbed to a 3-week high. Stocks were undercut by reduced optimism in the U.S. economic outlook after Monday's Mar auto sales report fell to a 2-year low.
Jun 10-year T-notes (ZNM17 -0.02%) this morning are down -3 ticks. Tuesday's closes: TYM7 unch, FVM7 unch. Jun 10-year T-notes on Tuesday closed little changed. T-notes opened higher as the 10-year yield fell to a 5-week low on carry-over support from a rally in German bunds to a 1-month high. However, T-notes then fell back on the recovery in stocks and on the rally in crude oil to a 3-week high, which boosted inflation expectations.
The dollar index (DXY00 -0.01%) this morning is down -0.01 (-0.01%). EUR/USD (^EURUSD) is down -0.0005 (-0.05%) and USD/JPY (^USDJPY) is up +0.10 (+0.09%). Tuesday's closes: Dollar index -0.03 (-0.03%), EUR/USD +0.0004 (+0.04%), USD/JPY -0.16 (-0.14%). The dollar index on Tuesday rose to a 2-week high but fell back and closed little changed. The dollar found support on the smaller-than-expected U.S. Feb trade deficit, which is positive for Q1 GDP, and on early weakness in EUR/USD which fell to a 2-1/2 week low after ECB Governing Council member Nowotny said the ECB's monetary stance "has to stay accommodative." Dollar gains were limited after the 10-year T-note yield fell to a 5-week low, which undercuts the dollar's interest rate differentials.
May WTI crude oil prices (CLK17 +1.08%) this morning are up +46 cents (+0.90%) at a 4-week high and May gasoline (RBK17 +0.56%) is up +0.0070 (+0.41%) at a 1-1/2 year nearest-futures high. Tuesday's closes: May crude +0.79 (+1.57%), May gasoline +0.0280 (+1.65%). May crude oil and gasoline on Tuesday climbed to 3-week highs and settled higher on expectations that Wednesday's EIA data will show U.S. crude inventories fell -150,000 bbl and gasoline stockpiles fell -1.75 million bbl. Another supportive factor was strength in the crack spread which rose to a 5-month high and may boost refinery demand for crude to refine into gasoline.
GLOBAL EVENT CALENDAR04/05/2017
Wednesday, April 5
US0700 ETWeekly MBA mortgage applications, previous -0.8% with purchase sub-index +1.2% and refi sub-index -2.9%.
0815 ETMar ADP employment change expected +195,000, Feb +298,000.
0945 ETRevised Mar Markit services PMI expected +0.2 to 53.1, prelim-Mar -0.9 to 52.9. Revised Mar Markit composite PMI, prelim-Mar -0.9 to 53.2.
1000 ETMar ISM non-manufacturing index expected -0.6 to 57.0, Feb +1.1 to 57.6.
1030 ETEIA Weekly Petroleum Status Report.
1400 ETMinutes of Mar 14-15 FOMC meeting.
Thursday, April 6
USn/aPresident Trump and Chinese President Xi Jinping hold talks on Thu-Fri at Mar-a-Lago, Florida.
0700 ETMar Challenger job cuts, Feb -40.0% y/y.
0830 ETWeekly initial unemployment claims expected -8,000 to 250,000, previous -3,000 to 258,000. Weekly continuing claims expected -22,000 to 2.030 million, previous +65,000 to 2.052 million.
0830 ETUSDA weekly Export Sales.
0930 ETSan Francisco Fed President John Williams (non-voter) speaks on a ECB panel in Frankfurt on Do monetary policy frameworks need to be adjusted in a world of (potentially) low natural interest rates? If so, how?
1100 ETTreasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion) and 30-year T-bonds (previous $12 billion) to be auctioned Apr 10-12.
U.S. STOCK CALENDAR04/05/2017

CompanyTickerTimeEvent DescriptionPeriodEstimate
Carnival CorpCCL US04:30Annual General Meeting
Monsanto CoMON USBef-mktQ2 2017 Earnings ReleaseQ2 172.792
Walgreens Boots Alliance IncWBA US07:00Q2 2017 Earnings ReleaseQ2 171.36
Walgreens Boots Alliance IncWBA US08:30Q2 2017 Earnings CallQ2 17
NetApp IncNTAP US08:30Analyst Day
Schlumberger LtdSLB US09:00Annual General Meeting
Monsanto CoMON US09:30Q2 2017 Earnings CallQ2 17
Sempra EnergySRE US12:00Analyst Conference
LyondellBasell Industries NVLYB US12:30Investor Day
Dell Technologies Inc Class VDVMT US13:30Investor Meeting
Broadcom LtdAVGO US14:00Annual General Meeting
Bed Bath & Beyond IncBBBY USAft-mktQ4 2017 Earnings ReleaseQ4 171.773
Yum China Holdings IncYUMC US16:30Q1 2017 Earnings ReleaseQ1 170.38
Bed Bath & Beyond IncBBBY US17:00Q4 2017 Earnings CallQ4 17
Yum China Holdings IncYUMC US20:00Q1 2017 Earnings CallQ1 17