MORNING CALL 1/10

Barchart Morning Call

Barchart.com - 1 hour ago

OVERNIGHT MARKETS AND NEWS

Mar E-mini S&Ps (ESH17 +0.02%) are little changed, up +0.02%, and European stocks are down -0.04% at a 1-week low. Strength in energy producers is lifting U.S. stock indexes with Feb WTI crude oil (CLG17 +0.25%) up +0.29% amid further announcements from OPEC members that they are adhering to agree upon production cuts. Rising producer prices in China have spurred inflation concerns in China after China Dec PPI rose +5.5% y/y, the largest increase in 5-1/4 years. The slump in the Chinese yuan to an 8-1/2 year low against the dollar last month has boosted imported commodity prices and increased Chinese factory-gate prices. Asian stocks settled mixed: Japan -0.79%, Hong Kong +0.83%, China -0.30%, Taiwan +0.08%, Australia -0.80%, Singapore +0.82%, South Korea unchanged, India +0.65%.

The dollar index (DXY00 -0.04%) is up +0.01%. EUR/USD (^EURUSD) is unchanged. USD/JPY (^USDJPY) is down -0.07%. GBP/USD is down -0.20% at a 2-1/2 month low on concern a hard Brexit will spur the BOE to keep interest rates lower for longer.

Mar 10-year T-note prices (ZNH17 +0.01%) are down -0.5 of a tick.

China Dec CPI rose +2.1% y/y, weaker than expectations of +2.2% y/y. Dec PPI rose +5.5% y/y stronger than expectations of +4.6% y/y and the biggest increase in 5-1/4 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) revised Nov wholesale inventories (prelim-Nov +0.9% m/m), (2) Nov JOLTS job openings (expected -34,000 to 5.5 million, Oct -97,000 to 5.534 million), (3) Treasury auctions $24 billion of 3-year T-notes.

Russell 1000 earnings reports today include: Lamb Weston Holdings (consensus 0.55).

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

Equity conferences this week include: J.P. Morgan Healthcare Conference on Mon-Thu, Deutsche Bank Global Auto Industry Conference on Tue-Wed, Needham & Company Growth Conference on Tue-Wed, ICR Conference on Tue-Wed, Evercore ISI Utility Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

American Express (AXP +0.52%) was upgraded to 'Outperform' from 'Market Perform' at Oppenheimer with an 18-month target price of $98.

Allstate (ALL -1.43%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.

Travelers Cos (TRV -0.80%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.

Williams Cos (WMB -1.51%) slumped 7% in after-hours trading after it announced a plan to increase its ownership in Williams Partners to 72% from 58% and that it will launch a 65 million share public offering in order to pay for the share purchase.

Kite Pharma (KITE +1.46%) gained 1% in after-hours trading after it entered into a joint venture licensing deal with Daiichi Sankyo to develop an experimental treatment for an aggressive type of blood cancer and will receive $50 million upfront plus an additional $200 million if developmental and regulatory milestones are met.

Boot Barn Holdings (BOOT -6.54%) dropped 5% in after-hours trading after it reported preliminary Q3 EPS of 39 cents, weaker than consensus of 43 cents.

Barracuda Networks (CUDA +4.35%) jumped 7% in after-hours trading after it reported Q3 adjusted EPS of 22 cents, well above consensus of 14 cents, and said Q3 billings for core products were up +30% y/y to $61.6 million.

Nabors Industries Ltd (NBR -1.16%) fell 4% in after-hours trading after it began an offering of $500 million of exchangeable senior unsecured notes due 2024.

Zeltiq Aesthetics (ZLTQ -1.07%) lost nearly 3% in after-hours trading after it said CCO and President Keith Sullivan will retire effective Jan 16.

WD-40 (WDFC -1.64%) fell 6% in after-hours trading after it reported Q1 net sales of $89.2 million, weaker than consensus of $96.3 million.

Cray Inc. (CRAY -0.74%) lost 4% in after-hours trading after it reported 2016 revenue of $630 million, below consensus if $633.2 million, and said for 2017 it "currently believes it will be difficult to grow over 2016."

VOXX International (VOXX +6.00%) rose 3% in after-hours trading after it reported Q3 EPS of 24 cents and said Q3 net sales rose 3.3%.

Atwood Oceanics (ATW -2.04%) dropped nearly 6% in after-hours trading after it announced a public offering of 13.5 million common shares.

Shoe Carnival (SCVL +0.55%) fell 2% in after-hours trading after it cut its fiscal-year net sales estimate to $1 billion-$1.003 billion, below a November 28 forecast of $1.002 billion-$1.006 billion

City Office REIT (CIO -0.84%) slid 3% in after-hours trading after it announced a public offering of 4 million shares of common stock.

Papa Murphy's Holdings (FRSH -2.52%) tumbled 7% in after-hours trading after it reported preliminary Q4 revenue of $35.5 million, weaker than consensus of $38.3 million.

MARKET COMMENTS

Mar E-mini S&Ps (ESH17 +0.02%) this morning are up +0.50 of a point (+0.02%). Monday's closes: S&P 500 -0.35%, Dow Jones -0.38%, Nasdaq +0.36%. The S&P 500 on Monday closed lower on weakness in oil companies on the -4.07% decline in Feb WTI crude oil to a 3-week low and on heightened geopolitical concerns after a U.S. destroyer fired warning shots at four Iranian vessels that had moved too close in the Strait of Hormuz. Stocks received a boost from news that Nov consumer credit rose +$24.532 billion, stronger than expectations of +$18.4 billion, which shows confidence in the economic outlook as consumers are willing to take on more debt.

Mar 10-year T-notes (ZNH17 +0.01%) this morning are down -0.5 of a tick. Monday's closes: TYH7 +3.00, FVH7 +12.00. Mar 10-year T-notes on Monday closed higher on increased safe-haven demand with the weakness in stocks and on the -4.07% slide in crude oil prices to a 3-week low, which undercut inflation expectations.

The dollar index (DXY00 -0.04%) this morning is up +0.01 (+0.01%). EUR/USD (^EURUSD) is unchanged. USD/JPY (^USDJPY) is down -0.08 (-0.07%). Monday's closes: Dollar index -0.390 (-0.38%), EUR/USD +0.0042 (+0.40%), USD/JPY -0.99 (-0.85%). The dollar index on Monday closed lower on strength in EUR/USD after the Eurozone Jan Sentix investor confidence rose +8.2 to a 17-month high of 18.2 and on the decline in the 10-year T-note yield, which reduced the dollar's interest rate differentials.

Feb WTI crude oil prices (CLG17 +0.25%) this morning are up +15 cents (+0.29%) and Feb gasoline (RBG17 +0.71%) is +0.0122 (+0.78%). Monday's closes: Feb crude -2.20 (-4.07%), Feb gasoline -0.0667 (-4.08%). Feb crude oil and gasoline on Monday closed sharply lower with both contracts at 3-week lows. Crude oil prices were undercut by concern that increased U.S. crude oil output will offset the decline in OPEC crude production after Friday's data from Baker Hughes showed U.S. active oil rigs rose for the tenth consecutive week as they increased by 4 rigs to a 1-year high of 529 rigs.

GLOBAL EVENT CALENDAR01/10/2017

		Tuesday, Jan 10
US	1000 ET	Revised Nov wholesale inventories, prelim-Nov +0.9% m/m. Nov wholesale trade sales, Oct +1.4% m/m.
	1000 ET	Nov JOLTS job openings expected -34,000 to 5.5 million, Oct -97,000 to 5.534 million.
	1300 ET	Treasury auctions $24 billion of 3-year T-notes.
		Wednesday, Jan 11
US	0700 ET	Weekly MBA mortgage applications, previous +0.1% with purchase sub-index -1.4% and refi sub-index +1.7%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1300 ET	Treasury auctions $20 billion of 10-year T-notes.
	n/a	President-elect Trump is scheduled to hold his first press conference.

U.S. STOCK CALENDAR01/10/2017

Company	Ticker	Time	Event Description	Period	Estimate
Lamb Weston Holdings Inc	LW US	8:30	Q2 2017 Earnings Release	Q2 2017	0.55
Lamb Weston Holdings Inc	LW US	10:00	Q2 2017 Earnings Call	Q2 2017
Lions Gate Entertainment Corp	LGF/A US	11:00	Investor Day	Y 2017

5 Small Caps for Momentum Investors

This morning I wanted to find 5 Small Cap stock for Momentum Investors so I used Barchart to sort the S&P 600 Small Cap Index stocks for the highest technical buy signals and best charts.  Today's watch list includes:

Zeltiq Aesthetics (ZLTQ), Supernus Pharma (SUPN), Mimdex (MDGX), Marcus (MCS) and IIVI Inc (IIVI)

Zeltiq Aesthetics (ZPTQ)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 9.65% in the last month
• Relative Strength Index 71.54%
• Technical support level at 39.50
• Recently traded at 40.47 with a 50 day moving average of 3560

Supernus Pharma (SUPN)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new high and up 17.40% in the last month
• Relative Strength Index 72.83%
• Technical support level at 23.54
• Recently traded at 25.98 with a 50 day moving average of 22.26

Mimdex (MDXG)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 22.54% in the last month
• Relative Strength Index 73.08%
• Technical support level at 8.75
• Recently traded at 9.08 with a 50 day moving average of 7.72

Marcus (MCS)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 3.50% in the last month
• Relative Strength Index 68.81%
• Technical support level at 23.28
• Recently traded at 23.97 with a 50 day moving average of 22.73

IIVI Inc (IIVI)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 3.98% in the last month
• Relative Strength Index 62.02%
• Technical support level at 21.71
• Recently trade at 22.50 with a 50 day moving average of 20.91

BARCHART MORNING CALL 10/28

BARCHART MORNING CALL

Wednesday, October 28th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 +0.23%) are up +0.19% and European stocks are up +0.65% as Apple climbed nearly 2% in pre-market trading after reporting better-than-expected quarterly profits late yesterday. The markets also await the Fed's interest rate announcement later today as to whether there will be an interest rate increase this year. European stocks also garnered support from a decline in the German 10-year bund yield to a 5-1/2 month low of 0.431% on the prospects of additional ECB easing after comments from ECB Executive Board member Coeure who said have been "lively" discussions within the ECB about additional measures to promote growth and boost inflation. Asian stocks settled mostly lower: Japan +0.67%, Hong Kong -0.80%, China -1.72%, Taiwan -0.41%, Australia -0.20%, Singapore -0.39%, South Korea -0.10%, India -0.78%. China's Shanghai Composite fell on growth concerns after the Oct Westpac-MNI consumer sentiment fell to a record low and after UBS cut its China 2016 GDP forecast to 6.2% from 6.5%. Japanese stocks were the only bright spot in Asian markets as the Nikkei Stock Index closed higher on speculation the BOJ will increase stimulus when it meets this Thursday and Friday.

The dollar index (DXY00 -0.17%) is down -0.14%. EUR/USD (^EURUSD) is up +0.14%. USD/JPY (^USDJPY) is down -0.11%.

Dec T-note prices (ZNZ15 -0.07%) are down -2 ticks.

ECB Executive Board member Coeure said that the risks have increased that inflation will remain below the ECB's goal of 2.0% and that warrants vigilance from policy makers. He added that there have been "lively" discussions within the ECB of whether the deposit rate could be lowered from its current -0.2%or about expanding asset purchases.

The China Oct Westpac-MNI consumer sentiment fell -8.5 to 109.7, the lowest since the data series began in 2007.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +11.8% with purchase mortgage sub-index +16.4% and refi sub-index +8.8%), (2) the Treasury's auction of $15 billion of 2-year floating rate notes and $35 billion of 5-year T-notes, and (3) the FOMC's interest rate decision after its 2-day meeting concludes.

There are 44 of the S&P 500 companies that report earnings today with notable reports including: PayPal Holdings (consensus $0.29), Valero Energy (2.66), ICE Exchange (2.92), Walgreens (0.81), Hess Corp (-1.20), ADP (0.65%), General Dynamics (2.13), Northrop Grumman (2.19), Amgen (2.38), Murphy Oil *-0.93), Newmont Mining (0.17), Willaims Copmanies (0.18),

U.S. IPO's scheduled to price today: Optex Systems MyoKardia (MYOK).

Equity conferences during the remainder of this week include: Money20/20 Conference on Mon-Wed.

OVERNIGHT U.S. STOCK MOVERS

Apple (AAPL -0.63%) climbed 2% in pre-market trading after it reported Q4 EPS of $1.96, higher than consensus of $1.88.

Hewlett Packard Enterprise ({=HPE-W=}) rose nearly 3% in after-hours trading when it was reported that it will replace Hudson City Bancorp in the S&P 500 after the close of trading on Friday, Oct 30.

Intercontinental Exchange (ICE +3.36%) reported Q3 EPS of $2.91, below consensus of $2.92.

Twitter (TWTR +1.46%) dropped over 10% in pre-market trading after it reported adjusted Q3 EPS of 10 cents, double consensus of 5 cents, but then lowered guidance on Q4 revenue to $695 million to $710 million, below consensus of $748.6 million.

Gilead Sciences (GILD +2.14%) fell almost 2% in after-hours trading after it reported Q3 EPS of $3.22, well ahead of consensus of $2.88, but said it sees 2015 fiscal sales of $30 billion-$31 billion, below consensus of $31.5 billion.

Valero Energy (VLO +0.90%) reported Q3 EPS of $2.79, higher than consensus of $2.66.

Walgreens Boots Alliance (WBA +6.35%) reported Q4 EPS of 88 cents, better than consensus of 81 cents.

NCR Corp. (NCR -6.92%) rose nearly 2% in after-hours trading after it reported adjusted Q3 EPS of 78 cents, above consensus of 70 cents, and then raised guidance on fiscal 2015 EPS to $2.70-$2.80 from an earlier forecast of $2.60-$2.80, above consensus of $2.68.

Akamai (AKAM +0.24%) fell over 7% in after-hours trading after it reported adjusted Q3 EPS of 62 cents, above consensus of 57 cents, but then lowered guidance on Q4 EPS to 60 cents-64 cents, below consensus of 65 cents.

Northrop Grumman (NOC +0.17%) jumped over 8% in after-hours trading after the U.S. Air Force announced that it chose NOC to build the next-generation long-range strike bomber, beating out rivals Boeing and Lockheed Martin. The contract may be worth up to $80 billion if all 100 planes are built.

Infinera (INFN +0.05%) jumped 8% in after-hours trading after it reported adjusted Q3 EPS of 22 cents, higher than consensus of 18 cents.

Zeltiq Aesthetics (ZLTQ +3.54%) climbed 2% in after-hours trading after it reported Q3 EPS of 5 cents, better than consensus of a -5 cent loss, and then raised guidance on fiscal 2015 revenue to $252 million from a previous estimate of $245 million-$247 million, above consensus of $247.2 million.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 +0.23%) this morning are up +4.00 points (+0.19%). Tuesday's closes: S&P 500 -0.25%, Dow Jones -0.24%, Nasdaq +0.18%. The S&P 500 index on Tuesday closed lower on signs of weak capital spending after Sep capital goods orders non-defense ex-aircraft unexpectedly fell-0.3% (vs expectations of +0.2%) and on the -5.0 point decline in U.S. Oct consumer confidence to 97.6 (vs expectations of -0.2 to 102.8). There were also some concerns that the FOMC in its post-meeting statement on Wednesday might adopt less dovish language to allow for a December rate hike, although the FOMC is unanimously expected to leave interest rates unchanged.

Dec 10-year T-notes (ZNZ15 -0.07%) this morning are down -2 ticks. Tuesday's closes: TYZ5 +10.50, FVZ5 +6.75. Dec T-notes on Tuesday settled higher on carryover support from a rally in German bunds to a 5-1/2 month high, the larger-than-expected -5.0 point decline in U.S. Oct consumer confidence, and increased safe-haven demand with the sell-off in stocks.

The dollar index (DXY00 -0.17%) this morning is down -0.139 (-0.14%). EUR/USD (^EURUSD) is up +0.0016 (+0.14%). USD/JPY (^USDJPY) is down-0.13 (-0.11%). Tuesday's closes: Dollar Index +0.045 (+0.05%), EUR/USD -0.0007 (-0.06%), USD/JPY -0.64 (-0.53%). The dollar index on Tuesday settled higher on weakness in GBP/USD, which fell to a 1-1/2 week low after UK Q3 GDP grew at a slower-than-expected pace. In addition, EUR/USD saw weakness on ECB Governing Council member Nowotny's comment that the Eurozone is "still in this situation of very low inflation rates," which bolstered speculation that the ECB may expand QE.

Dec crude oil (CLZ15 +0.88%) this morning is up +34 cents (+0.79%) and Dec gasoline (RBZ15 +0.91%) is up +0.0088 (+0.69%). Tuesday's closes: CLZ5-0.59 (-1.34%), RBZ5 -0.0018 (-0.14%). Dec crude oil and gasoline on Tuesday closed lower with Dec crude at a 2-month low. Crude oil prices were undercut by the stronger dollar, the sharp -5.0 point drop in U.S. consumer confidence, and expectations for Wednesday's weekly EIA report to show that crude inventories rose by +3.5 million bbl.

GLOBAL EVENT CALENDAR10/28/2015

US	0700 ET	Weekly MBA mortgage applications, previous +11.8% with purchase mortgage sub-index +16.4% and refi sub-index +8.8%.
	0730 ET	Sep advance U.S. goods trade deficit expected -$64.3 billion, Aug -$66.6 billion.
	1030 ET	EIA Weekly Petroleum Status Report.
	1130 ET	Treasury auctions $15 billion 2-year floating rate notes.
	1300 ET	Treasury auctions $35 billion 5-year T-notes.
	1400 ET	FOMC interest rate decision.
GER	0300 ET	German Nov GfK consumer confidence expected -0.2 to 9.4, Oct 9.6.
	0300 ET	German Sep import price index expected -0.2% m/m and -3.5% y/y, Aug -1.5% m/m and -3.1% y/y.
EUR	0515 ET	ECB Executive Board member Peter Praet speaks on a panel discussion on What Challenges High Public Debts Pose for Monetary Policy at a banking conference in Riga, Latvia.
	1045 ET	ECB Vice President Vitor Constancio delivers keynote speech on Macroprudential Policy in Europe: Ensuring Financial Stability in a Banking and Capital Markets Union at a conference in Berlin.
JPN	1950 ET	Japan Sep industrial production expected -0.6% m/m and -2.6% y/y, Aug -1.2% m/m and -0.4% y/y.

U.S. STOCK CALENDAR10/28/2015

Company	Ticker	Time	Event Description	Period	Estimate
Hess Corp	HES US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	-1.197
Automatic Data Processing Inc	ADP US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.652
Boston Scientific Corp	BSX US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.225
NextEra Energy Inc	NEE US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.649
General Dynamics Corp	GD US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	2.127
Hershey Co/The	HSY US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.124
International Paper Co	IP US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.88
Northrop Grumman Corp	NOC US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	2.194
Occidental Petroleum Corp	OXY US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	-0.003
PG&E Corp	PCG US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.955
AutoNation Inc	AN US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.058
Level 3 Communications Inc	LVLT US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.46
Valero Energy Corp	VLO US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	2.664
Garmin Ltd	GRMN US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.519
Intercontinental Exchange Inc	ICE US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	2.919
TE Connectivity Ltd	TEL US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.922
Anthem Inc	ANTM US	6:00	Q3 2015 Earnings Release	Q3 2015	2.325
Starwood Hotels & Resorts Worldwide Inc	HOT US	6:30	Q3 2015 Earnings Release	Q3 2015	0.718
Walgreens Boots Alliance Inc	WBA US	7:00	Q4 2015 Earnings Release	Q4 2015	0.813
DENTSPLY International Inc	XRAY US	7:00	Q3 2015 Earnings Release	Q3 2015	0.634
National Oilwell Varco Inc	NOV US	7:00	Q3 2015 Earnings Release	Q3 2015	0.556
Southern Co/The	SO US	7:30	Q3 2015 Earnings Release	Q3 2015	1.162
FLIR Systems Inc	FLIR US	7:30	Q3 2015 Earnings Release	Q3 2015	0.412
Boston Scientific Corp	BSX US	8:00	Q3 2015 Earnings Call	Q3 2015
Norfolk Southern Corp	NSC US	8:00	Q3 2015 Earnings Release	Q3 2015	1.414
Owens-Illinois Inc	OI US	8:00	Q3 2015 Earnings Call	Q3 2015
Mondelez International Inc	MDLZ US	8:00	Q3 2015 Earnings Release	Q3 2015	0.406
Assurant Inc	AIZ US	8:00	Q3 2015 Earnings Call	Q3 2015
Automatic Data Processing Inc	ADP US	8:30	Q1 2016 Earnings Call	Q1 2016
Hershey Co/The	HSY US	8:30	Q3 2015 Earnings Call	Q3 2015
Walgreens Boots Alliance Inc	WBA US	8:30	Q4 2015 Earnings Call	Q4 2015
Express Scripts Holding Co	ESRX US	8:30	Q3 2015 Earnings Call	Q3 2015
DENTSPLY International Inc	XRAY US	8:30	Q3 2015 Earnings Call	Q3 2015
CH Robinson Worldwide Inc	CHRW US	8:30	Q3 2015 Earnings Call	Q3 2015
Anthem Inc	ANTM US	8:30	Q3 2015 Earnings Call	Q3 2015
Intercontinental Exchange Inc	ICE US	8:30	Q3 2015 Earnings Call	Q3 2015
TE Connectivity Ltd	TEL US	8:30	Q4 2015 Earnings Call	Q4 2015
Verisk Analytics Inc	VRSK US	8:30	Q3 2015 Earnings Call	Q3 2015
Norfolk Southern Corp	NSC US	8:45	Q3 2015 Earnings Call	Q3 2015
Aflac Inc	AFL US	9:00	Q3 2015 Earnings Call	Q3 2015
Anadarko Petroleum Corp	APC US	9:00	Q3 2015 Earnings Call	Q3 2015
NextEra Energy Inc	NEE US	9:00	Q3 2015 Earnings Call	Q3 2015
General Dynamics Corp	GD US	9:00	Q3 2015 Earnings Call	Q3 2015
International Paper Co	IP US	9:00	Q3 2015 Earnings Call	Q3 2015
Parker-Hannifin Corp	PH US	9:00	Annual General Meeting	Y 2015
Universal Health Services Inc	UHS US	9:00	Q3 2015 Earnings Call	Q3 2015
National Oilwell Varco Inc	NOV US	9:00	Q3 2015 Earnings Call	Q3 2015
Hess Corp	HES US	10:00	Q3 2015 Earnings Call	Q3 2015
Level 3 Communications Inc	LVLT US	10:00	Q3 2015 Earnings Call	Q3 2015
Mondelez International Inc	MDLZ US	10:00	Q3 2015 Earnings Call	Q3 2015
Garmin Ltd	GRMN US	10:30	Q3 2015 Earnings Call	Q3 2015
Occidental Petroleum Corp	OXY US	11:00	Q3 2015 Earnings Call	Q3 2015
PG&E Corp	PCG US	11:00	Q3 2015 Earnings Call	Q3 2015
Cincinnati Financial Corp	CINF US	11:00	Q3 2015 Earnings Call	Q3 2015
AutoNation Inc	AN US	11:00	Q3 2015 Earnings Call	Q3 2015
FLIR Systems Inc	FLIR US	11:00	Q3 2015 Earnings Call	Q3 2015
Valero Energy Corp	VLO US	11:00	Q3 2015 Earnings Call	Q3 2015
Northrop Grumman Corp	NOC US	11:45	Q3 2015 Earnings Call	Q3 2015
Starwood Hotels & Resorts Worldwide Inc	HOT US	13:00	Q3 2015 Earnings Call	Q3 2015
Southern Co/The	SO US	13:00	Q3 2015 Earnings Call	Q3 2015
Macerich Co/The	MAC US	13:30	Q3 2015 Earnings Call	Q3 2015
Realty Income Corp	O US	16:00	Q3 2015 Earnings Release	Q3 2015	0.697
F5 Networks Inc	FFIV US	16:00	Q4 2015 Earnings Release	Q4 2015	1.745
O'Reilly Automotive Inc	ORLY US	16:30	Q3 2015 Earnings Release	Q3 2015	2.38
F5 Networks Inc	FFIV US	16:30	Q4 2015 Earnings Call	Q4 2015
Hanesbrands Inc	HBI US	16:30	Q3 2015 Earnings Call	Q3 2015
Varian Medical Systems Inc	VAR US	17:00	Q4 2015 Earnings Call	Q4 2015
Western Digital Corp	WDC US	17:00	Q1 2016 Earnings Call	Q1 2016
Amgen Inc	AMGN US	17:00	Q3 2015 Earnings Release	Q3 2015	2.383
Amgen Inc	AMGN US	17:00	Q3 2015 Earnings Call	Q3 2015
Vertex Pharmaceuticals Inc	VRTX US	17:00	Q3 2015 Earnings Call	Q3 2015
Marriott International Inc/MD	MAR US	17:00	Q3 2015 Earnings Release	Q3 2015	0.743
PayPal Holdings Inc	PYPL US	17:00	Q3 2015 Earnings Call	Q3 2015
FMC Corp	FMC US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.381
Lincoln National Corp	LNC US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	1.524
Murphy Oil Corp	MUR US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	-0.93
Newmont Mining Corp	NEM US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.174
Public Storage	PSA US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	2.262
Tesoro Corp	TSO US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	6.081
Unum Group	UNM US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.904
Varian Medical Systems Inc	VAR US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	1.02
Williams Cos Inc/The	WMB US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.177
Range Resources Corp	RRC US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	-0.047
Vertex Pharmaceuticals Inc	VRTX US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	-0.312
Equinix Inc	EQIX US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	3.064
Hanesbrands Inc	HBI US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.449
PayPal Holdings Inc	PYPL US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.289
Equinix Inc	EQIX US	17:30	Q3 2015 Earnings Call	Q3 2015

BARCHART MORNING CALL 1/26

BARCHART MORNING CALL

Monday, January 26th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH15 -0.26%) this morning are down -0.34% after Greek opposition party Syriza won in Sunday's election. European stocks, however, shook off early losses and are up +0.18% after Syriza leader Tsipras pledged to keep Greece within the Eurozone as he negotiates a write-down of Greek debt. European stocks also received a boost after a gauge of German business confidence rose more than expected to the highest in 6 months. Asian stocks closed mixed: Japan -0.25%, Hong Kong +0.24%, China +1.02%, Taiwan +0.07%, Australia and India closed for holiday, Singapore -0.38%, South Korea -0.07%. Commodity prices are mostly lower. Mar crude oil (CLH15 -1.07%) is down -1.14% at a 1-1/2 week low. Mar gasoline (RBH15 -1.19%) is down -1.33%. Feb gold (GCG15 -0.87%) is down -1.10%. Mar copper (HGH15 -1.16%) is down -1.06% at a 5-1/2 year low after the dollar index climbed to an 11-1/3 year high and on signs of increasing supplies after LME copper inventories rose +1,700 MT to 236,850 MT, the most in 8-3/4 months. Agriculture prices are mixed. The dollar index (DXY00 +0.20%) is up +0.24% at an 11-1/3 year high. EUR/USD (^EURUSD) is up +0.18%. USD/JPY (^USDJPY) is up +0.37%. Mar T-note prices (ZNH15 +0.04%) are down -1 tick.
The German Jan IFO business climate rose +1.2 to 16.7, better than expectations of +1.0 to 106.5 and the highest in 6 months. The Jan IFO current assessment rose +1.9 to 111.7, stronger than expectations of +0.8 to 110.8. Jan IFO expectations rose +0.7 to 102.0, less than expectations of +1.4 to 102.5.
The Japan Dec trade balance shrink to a -660.7 billion yen deficit from an upward revised -893.5 billion yen deficit in Nov, a smaller deficit than expectations of -735.2 billion yen and the smallest deficit in 1-1/2 years. Dec exports rose +12.9% y/y, better than expectations of +11.2% y/y and the most in a year. Dec imports rose +1.9% y/y, slightly less than expectations of +2.0% y/y.

U.S. STOCK PREVIEW

There are no major U.S. economic reports today. There are 9 of the S&P 500 companies that report earnings today: Microsoft (0.75), Texas Instruments (0.69), Seagate (1.35), DR Horton (0.34), Roper Industries (1.79), Norfolk Souther (1.64), WW Grainger (2.83), Plum Creek Timber (0.34), Zions Bancorp (0.42). Equity conferences this week include: Phacilitate Immunotherapy Forum on Mon-Wed, and PCC 2015. CBI's Pharmaceutical Compliance Congress on Tue.

OVERNIGHT U.S. STOCK MOVERS

LyondellBasell (LYB -0.75%) and Westlake (WLK -0.90%) were both downgraded to Neutral from Buy at BofA/Merrill Lynch.
United Parcel Service (UPS -9.91%) was downgraded to Neutral from Outperform at Macquarie.
Unilever (UL +1.19%) was upgraded to 'Buy' from 'Underperform' at BofA/Merrill Lynch.
Roper Industries (ROP -0.35%) reported Q4 EPS of $1.85, higher than conensus of $1.79.
DR Horton (DHI -2.49%) reporteed Q1 EPS of 39 cents, better than consensus of 34 cents.
Endo (ENDP -1.44%) will replace (COV +1.52%) Covidien in theS&P 500 as of today's close.
Knight Transportation (KNX +0.30%) was downgraded to 'Hold' from 'Buy' at KeyBanc.
Amici Capital reported a 6.78% passive stake in Uroplasty (UPI -20.38%) .
HCA Holdings (HCA -2.50%) will replace Safeway (SWY unch) in the S&P 500 as of the close of trading today.
Salient Capital Advisors reported a 5.74% passive stake in NGL Energy Partners (NGL -0.45%) .
The U.S. Food and Drug Administration approved Bexsero, a vaccine from Novartis (NVS +0.03%) to prevent invasive meningococcal disease.
Van Berkom & Associates reported a 9.41% passive stake in RE/MAX Holdings (RMAX -0.65%) .
Point72 Asset reported a5.2% passive stake in ZELTIQ (ZLTQ -0.79%) .

MARKET COMMENTS

Mar E-mini S&Ps (ESH15 -0.26%) this morning are down -7.00 points (-0.34%). The S&P 500 index on Friday retreated from a 1-1/2 week high and closed lower: S&P 500 +1.53%, Dow Jones +1.48%, Nasdaq +1.87%. Bearish factors included (1) the +2.4% increase in U.S. Dec existing home sales to 5.04 million, weaker than expectations of +3.0% to 5.08 million, and (2) weakness in transportation stocks after UPS tumbled when it reported weaker-than-expected 2014 earnings. Stocks had opened higher on carry-over support from a rally in European stocks to a 6-1/3 year high on optimism the ECB’s quantitative easing program will spur economic growth in the Eurozone.
Mar 10-year T-notes (ZNH15 +0.04%) this morning are down -1 tick. Mar 10-year T-note futures prices on Friday closed higher. Closes: TYH5 +17.50, FVH5 +8.50. Bullish factors included (1) carry-over support from a rally in European bonds that sent the 10-year German bund yield down to a record low of 0.345%, and (2) increased safe-haven demand for T-notes after stocks erased an early rally and closed lower.
The dollar index (DXY00 +0.20%) this morning is up +0.228 (+0.24%) at a new 11-1/3 year high. EUR/USD (^EURUSD) is up +0.0020 (+0.18%). USD/JPY (^USDJPY) is up +0.44 (+0.37%). The dollar index on Friday rose to an 11-1/3 year high and closed higher: Dollar index +0.685 (+0.73%), EUR/USD -0.01615 (-1.42%), USD/JPY -0.745 (-0.63%). Bullish factors included (1) the fall in EUR/USD to an 11-1/3 year low on negative carry-over from ECB’s QE announcement on Thursday, and (2) Greek sovereign debt concerns on speculation the anti-austerity Syriza party would win Sunday’s election in Greece.
Mar WTI crude oil (CLH15 -1.07%) this morning is down 52 cents (-1.14%) and Mar gasoline (RBH15 -1.19%) is down -0.0182 (-1.33%). Mar crude oil and Mar gasoline on Friday settled mixed with Mar crude at a 1-week low: CLH5 -0.72 (-1.55%), RBH5 +0.0156 (+1.15%). Bearish factors included (1) the rally in the dollar index to an 11-1/3 year high, and (2) comments from Salman Bin Abdulaziz Al Saud, the new Saudi Arabian king, that he will maintain the current Saudi crude oil policy of refusing to cut production. Crude prices recovered from their worst levels and gasoline closed higher on signs of global economic growth after the China Jan HSBC flash manufacturing PMI and the Eurozone Jan Markit manufacturing PMI both rose more than expected.

GLOBAL EVENT CALENDAR01/26/2015

US	1030 ET	Jan Dallas Fed outlook of manufacturing activity expected -0.1 to 4.0, Dec -6.4 to 4.1.
	1100 ET	USDA weekly grain export inspections.
GER	0400 ET	German Jan IFO business climate expected +1.0 to 106.5, Dec 105.5. Jan IFO current assessment expected +1.0 to 110.8, Dec 109.8. Jan IFO expectations expected +1.1 to 102.5, Dec 101.4.
JPN	1850 ET	Japan Dec PPI services expected +3.6% y/y, Nov +3.6% y/y.
CHI	2030 ET	China Dec industrial profits, Nov -4.2% y/y.

U.S. STOCK CALENDAR01/26/2015

Company	Ticker	Time	Event Description	Period	Estimate
Seagate Technology PLC	STX US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	1.348
DR Horton Inc	DHI US	7:00	Q1 2015 Earnings Release	Q1 2015	0.344
Roper Industries Inc	ROP US	7:00	Q4 2014 Earnings Release	Q4 2014	1.792
WW Grainger Inc	GWW US	7:30	Q4 2014 Earnings Call	Q4 2014
Norfolk Southern Corp	NSC US	8:00	Q4 2014 Earnings Release	Q4 2014	1.638
WW Grainger Inc	GWW US	8:00	Q4 2014 Earnings Release	Q4 2014	2.83
Roper Industries Inc	ROP US	8:30	Q4 2014 Earnings Call	Q4 2014
Norfolk Southern Corp	NSC US	8:45	Q4 2014 Earnings Call	Q4 2014
Seagate Technology PLC	STX US	9:00	Q2 2015 Earnings Call	Q2 2015
DR Horton Inc	DHI US	10:00	Q1 2015 Earnings Call	Q1 2015
Texas Instruments Inc	TXN US	16:30	Q4 2014 Earnings Release	Q4 2014	0.691
Plum Creek Timber Co Inc	PCL US	17:00	Q4 2014 Earnings Call	Q4 2014
Plum Creek Timber Co Inc	PCL US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.335
Microsoft Corp	MSFT US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.749
Zions Bancorporation	ZION US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.424
Texas Instruments Inc	TXN US	17:30	Q4 2014 Earnings Call	Q4 2014
Microsoft Corp	MSFT US	17:30	Q2 2015 Earnings Call	Q2 2015
Zions Bancorporation	ZION US	17:30	Q4 2014 Earnings Call	Q4 2014