Showing posts with label wsbf. Show all posts
Showing posts with label wsbf. Show all posts

Tuesday, February 16, 2016

MORNING CALL 2/16

MORNING CALL
OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH16 +1.41%) are up +1.20% at a 1-week high, led by a rally in energy producers, with ConocoPhilips and Marathon Oil up at least 2% in pre-market trading as crude oil gains +0.95%. A rally in bank stocks is also pushing stock index futures higher with Bank of America, Goldman Sachs and Morgan Stanley all up over 1% in pre-market trading. European stocks are down -0.28%, led by weakness in commodity producers, as Anglo American Plc dropped over 6% after the company said it would sell more mines and raise its debt-reduction target following a fourth year of losses. European stocks were also undercut after German Feb ZEW expectations of economic growth fell to the lowest in 16 months. Asian stocks settled mostly higher: Japan +0.20%, Hong Kong +1.08%, China +3.29%, Taiwan +1.80%, Australia +1.37%, Singapore +1.41%, South Korea +1.37%, India -1.54%. China's Shanghai Composite climbed to a 3-week high after Chinese data showed a record jump in new credit last month. Also, Chinese Premier Li Keqiang said Monday that China will take decisive actions if needed amid recent global economic headwinds and slumping equity markets.
The dollar index (DXY00 +0.65%) is up +0.69%. EUR/USD (^EURUSD) is up +0.03%. USD/JPY (^USDJPY) is down -0.48%.
Mar T-note prices (ZNH16 -0.21%) are down -4.5 ticks.
The German Feb ZEW survey expectations of economic growth fell -9.2 to 1.0, stronger than expectations of -10.2 to 0, but still the lowest in 16 months.
China Jan new yuan loans surged by a record 2.51 trillion yuan, stronger than expectations of +1.90 trillion yuan. Jan aggregate financing, the broadest measure of new credit, jumped a record +3.42 trillion yuan, stronger than expectations of +2.20 trillion yuan.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Feb Empire manufacturing index (expected +9.37 to -10.00, Jan -13.16 to -19.37), (2) Philadelphia Fed President Patrick Harker's speech on the 2016 economic forecast at the University of Delaware’s Center for Economic Education and Entrepreneurship, and (3) Feb NAHB housing market index (expected unch at 60, Jan unch at 60).
There are 14 of the S&P 500 companies that report earnings today with notable reports including: Agilent Technologies (consensus $0.43), Genuine Parts (1.01), Hormel Foods (0.36), Pulbic Storage (2.42), FirstEnergy (0.57).
U.S. IPO's scheduled to price today: none.
Equity conferences this week include: Consumer Analysts Group of New York Investor Conference on Tue.

OVERNIGHT U.S. STOCK MOVERS
ADT Corp. (ADT +1.90%) surged over 40% in pre-market trading after it agreed to be purchased by Apollo Global affiliates for $6.9 billion or $42 a share.
Freeport McMoRan (FCX +13.09%) jumped almost 8% in pre-market trading after it agreed to sell an additional stake n one of its biggest mines to Sumitomo Metal Mining for $1 billion.
Goldman Sachs (GS +3.87%) was upgraded to 'Overweight' from 'Underweight' at JPMorgan Chase.
Hormel Foods (HRL -0.46%) reported Q1 EPS of 43 cents, better than consensus of 39 cents.
Flowers Foods (FLO -6.54%) was upgraded to 'Buy' from 'Hold' at BB&T Capital Markets.
AutoZone (AZO +2.37%) was upgraded to 'Outperform' from 'Neutral' at Wedbush.
Peabody Energy (BTU +2.97%) was downgraded to 'Underweight' from 'Hold' at BB&T Capital Markets.
EMC Corp. (EMC -0.12%) gained over 1% in after-hours trading after Baupost Group LLC Holdings reported that it purchased 29.2 million shares in the company.
USG Corp. (USG +7.05%) fell over 1% in after-hours trading after Appaloosa Management LP Holdings said it sold its stake in USG.
Groupon (GRPN +29.02%) climbed over 2% in after-hours trading after BABA reported a 5.6% stake in the company.
Energy Transfer Partners LP (ETP +8.38%) rose 1% in after-hours trading after Perry Corporation Holdings and Appaloosa Management LP Holdings reported new stakes in the company.
Waterstone Financial (WSBF +0.81%) CFO Allan Hosack will resign effective March 1 and Mark Gerke was named interim CFO.
Anworth Mortgage (ANH +0.24%) reported Q4 core EPS of 15 cents, better than consensus of 14 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH16 +1.41%) this morning are up +22.25 points (+1.20%) at a 1-week high. Friday's closes: S&P 500 +1.95%, Dow Jones +2.00%, Nasdaq +1.44%. The S&P 500 on Friday closed sharply higher on stronger-than-expected U.S. Jan retail sales (+0.2% and +0.1% ex autos vs. expectations of +0.1% and unchanged ex autos), and after New York Fed President Dudley said that key sectors of the U.S. economy "seem to be in good shape." Another bullish factor for stocks was the sharp 12% rally in crude oil which supported gains in energy stocks.
Mar 10-year T-notes (ZNH16 -0.21%) this morning are down -4.5 ticks. Friday's closes: TYH6 -31.00, FVH6 -15.75. Mar T-notes on Friday closed lower after U.S. Jan retail sales rose more than expected (+0.2% and +0.1% ex autos vs. expectations of +0.1% and unch ex autos), and after stocks rallied sharply, which reduced the safe-haven demand for T-notes.
The dollar index (DXY00 +0.65%) this morning is up +0.662 (+0.69%). EUR/USD (^EURUSD) is up +0.0003 (+0.03%). USD/JPY (^USDJPY) is down -0.55(-0.48%). Friday's closes: Dollar Index +0.378 (+0.40%), EUR/USD -0.0067 (-0.59%), USD/JPY +0.83 (+0.74%). The dollar index on Friday closed higher on strength in U.S. Jan retail sales along with weakness in EUR/USD after Dec industrial production unexpectedly fell by the most in 16 months (-1.0% m/m vs. expectations of +0.3% m/m).
Mar WTI crude (CLH16 +2.24%) this morning is up +28 cents (+0.95%) and Mar gasoline (RBH16 -0.57%) is down -0.0148 (-1.42%). Friday's closes: CLH6 +3.23 (+12.32%), RBH6 +0.0914 (+9.71%). Mar crude oil and gasoline on Friday settled sharply higher on short-covering after U.A.E. Oil Minister Suhail Al Mazrouei said that oil "prices are not appropriate" and that producers are ready to work together and won't make production cuts unless there is complete cooperation. Energy prices strengthened further after data from Baker Hughes showed that active U.S. oil rigs fell by 28 in the week ended Feb 12 to 439, a 6-year low.
GLOBAL EVENT CALENDAR02/16/2016
US0830 ETFeb Empire manufacturing survey of general business conditions expected +9.37 to -10.00, Jan -13.16 to -19.37.
0830 ETPhiladelphia Fed President Patrick Harker delivers a speech on the 2016 economic forecast at the University of Delawares Center for Economic Education and Entrepreneurship.
1000 ETFeb NAHB housing market index expected unch at 60, Jan unch at 60.
1100 ETUSDA weekly grain export inspections.
EUR0200 ETEurozone Jan new car registrations, Dec +16.6% y/y.
UK0430 ETUK Jan CPI expected -0.7% m/m and +0.3% y/y, Dec +0.1% m/m and +0.2% y/y. Jan core CPI expected +1.3% y/y, Dec +1.4% y/y.
0430 ETUK Jan RPI expected -0.6% m/m and +1.4% y/y, Dec +0.3% m/m and +1.2% y/y. Jan RPI ex-mortgage interest payments expected +1.4% y/y, Dec +1.3% y/y.
0430 ETUK Jan PPI input prices expected -1.3% m/m and -8.7% y/y, Dec -0.8% m/m and -10.8% y/y.
0430 ETUK Jan PPI output prices expected -0.2% m/m and -0.9% y/y, Dec -0.2% m/m and -1.2% y/y. Jan PPI output core expected +0.1% m/m and unch y/y, Dec +0.2% m/m and +0.1% y/y.
0430 ETUK Dec ONS house prices, Nov +7.7% y/y.
GER0500 ETGerman Feb ZEW survey expectations of economic growth expected -10.2 to 0, Jan 10.2. Feb ZEW survey current situation expected -4.7to 55.0, Jan 59.7.
JPN1850 ETJapan Dec machine orders expected +4.7% m/m and -2.8% y/y, Nov -14.4% m/m and +1.2% y/y.
U.S. STOCK CALENDAR02/16/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
TEGNA IncTGNA USBef-mktQ4 2015 Earnings ReleaseQ4 20150.457
Genuine Parts CoGPC USBef-mktQ4 2015 Earnings ReleaseQ4 20151.013
Hormel Foods CorpHRL USBef-mktQ1 2016 Earnings ReleaseQ1 20160.348
Zoetis IncZTS USBef-mktQ4 2015 Earnings ReleaseQ4 20150.385
Baxalta IncBXLT USBef-mktQ4 2015 Earnings ReleaseQ4 20150.555
Public StoragePSA USAft-mktQ4 2015 Earnings ReleaseQ4 20152.421
Vornado Realty TrustVNO USAft-mktQ4 2015 Earnings ReleaseQ4 20151.303
Cerner CorpCERN USAft-mktQ4 2015 Earnings ReleaseQ4 20150.568
Express Scripts Holding CoESRX USAft-mktQ4 2015 Earnings ReleaseQ4 20151.556
FirstEnergy CorpFE USAft-mktQ4 2015 Earnings ReleaseQ4 20150.568
Devon Energy CorpDVN USAft-mktQ4 2015 Earnings ReleaseQ4 20150.707
Agilent Technologies IncA USAft-mktQ1 2016 Earnings ReleaseQ1 20160.433
FMC Technologies IncFTI USAft-mktQ4 2015 Earnings ReleaseQ4 20150.483
Cimarex Energy CoXEC USAft-mktQ4 2015 Earnings ReleaseQ4 2015-0.221
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Monday, April 8, 2013

Barchart Morning Call/



Monday, April 8th, 2013>>View Older Reports
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OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM13 +0.37%) this morning are trading mildly higher by +0.29% on a +0.66% rally in the Euro Stoxx 50 index and on a stronger-than-expected German industrial production report. Japan's Nikkei index today closed +2.80% and posted a new 4-1/2 year high as the market continues to see strength after the BOJ last week launched its very aggressive QE program. Other Asian stock markets today are trading mostly lower with the Hong Kong Hang Seng down -0.04%, China's CSI 300 down -0.45%, and Taiwan's TAIEX index down -2.39%. Commodity prices are up +0.54% this morning. May crude oil is up +0.94%, May gasoline is up +1.40%, June gold is up +0.04%, May copper is up +1.29%, and grains and softs are trading higher across the board. The dollar index this morning is slightly higher by +0.09%. EUR/USD is up +0.27% and USD/JPY is up +1.12% as the yen continues to see weakness on the BOJ's new QE program. June 10-year T-notes (ZNM13 -0.13%) are trading slightly lower by -3 ticks.
North Korea as early as this week may conduct another underground nuclear weapon test and carry another missile test, according to South Korean officials based on observations of preparations on the ground. North Korea said operations at the joint North-South business park at Gaeseong are being suspended indefinitely and that North Korean workers are being withdrawn from the zone. There are still 475 South Koreans in the zone. The South Korean markets continue to react modestly to the recent threats from North Korea, which are generally considered to be for domestic consumption. South Korea said it has still not seen any unusual troop movements in North Korea. The South Korean won today closed down -0.8% and the South Korean Kospi 200 stock index fell -0.15% to add to last week's decline of -3%.
Portugal's government needs to find a new way to cut its budget after Portugal's Constitutional Court on Friday blocked part of the government's austerity measures, such as cuts to holiday bonuses for pensioners and public servants and reductions in sickness leave and unemployment benefits. The price of Portuguese credit default swaps today rose by 33 bp to a 3-month high of 429 bp.
German Feb industrial production rose by +0.5% m/m, which was stronger than market expectations of +0.3%. On a year-on-year basis, Feb industrial production was down -1.8% y/y. The market consensus is that German GDP returned to growth in Q1 after a -0.6% q/q decline in Q4. On a year-on-year basis, German Q1 GDP is expected at +0.2% y/y after the +0.4% y/y increase seen in Q4.
Japan's Feb adjusted current account of -100 million was narrower than expectations of -62 billion yen but was worse than the surplus of 365 billion yen seen in Jan. Japan's Feb trade balance of -677 billion was close to market expectations and was better than the -1.479 trillion yen deficit seen in Jan.
Japan's March Eco Watchers current index improved to 57.3 from 53.2 in Feb, but the outlook index fell slightly by -0.2 points to 57.5 from 57.7 in Feb.
The Eurozone April Sentix investor confidence index fell to -17.3 from -10.6 in March and was weaker than market expectations of -12.8.
Copper is up +1.3% this morning after miners in Chile said that will announce a nationwide strike today.
U.S. STOCK PREVIEW
The market this week will focus on the U.S. economic data in the wake of last Friday’s weak payroll report of +88,000 and the unofficial beginning of Q1 earnings season today with Alcoa’s release of its Q1 earnings report. This week’s U.S. economic calendar is relatively light with key reports including Wednesday’s March 19-20 FOMC meeting and Friday’s March retail sales report (expected unch m/m) and PPI (expected -0.2% m/m). There are numerous speaking engagements by Fed officials this week. The Treasury this week will sell $66 billion in 3-year, 10-year and 30-year securities.
Conferences this week include Merrill Lynch Online Gaming Symposium on Tue, CESCO 2013 - XII World Copper Conference on Tue-Wed, RBC Capital Markets Iron Ore Conference on Wed, and Bio-IT World Conference & Expo 2013 on Wed-Thu.

June E-mini S&Ps this morning are up 4.50 points (+0.29%) on the +0.66% rally in the Euro Stoxx 50 index this morning and on the stronger-than-expected German industrial production report. The S&P 500 index on Friday tumbled to a 2-week low and finished lower on concern that economic growth is slowing after Mar non-farm payrolls rose +88,000, less than half market expectations of +190,000 and the smallest increase in 9 months. Stocks failed to garner much support from an unexpected -0.1 point drop in the Mar unemployment rate to a 4-year low of 7.6% after discouraged job seekers quit looking for work as seen in the labor force participation rate that fell to 63.3%, the lowest since May 1979. Closes: S&P 500 -0.43%, Dow Jones -0.28%, Nasdaq 100 -0.83%.
OVERNIGHT U.S. STOCK MOVERS
  • GE (GE -0.65%) announced today that it will buy Lufkin Industries (LUFK) for $88.50 per share, which is a 38% premium to last Friday's close, which equates to about $38 billion. Lufkin Industries manufactures industrial gears and provides artificial lift technololgies for the oil and gas industry.
  • AZZ Inc (AZZ +0.09%) reported Q4 ex-items EPS at 50 cents, slightly above the consensus of 48 cents.
  • Investors Bancorp (ISBC unch), the holding company for Investors Bank, and Gateway Community Financial, the mid-tier holding company for GCF Bank, jointly announced the signing of a definitive merger agreement.
  • Toyota Motor Sales, U.S.A (TM +0.82%) announced that it has reached an agreement with the Orange County District Attorney in California to resolve civil claims brought in March 2010 related to the recall of certain Toyota vehicles in 2009 and 2010.
  • AT&T (T +0.29%) announced that employees represented by the Communications Workers of America have voted to ratify a four-year contract with AT&T Mobility. The contract covers more than 20,000 AT&T Mobility employees in 36 states and the District of Columbia.
  • ASML Holding NV (ASML +0.95%) and Cymer (CYMI +0.60%) announced that the Antitrust Division of the United States Department of Justice has cleared the previously announced merger between Cymer and affiliates of ASML.
MARKET COMMENTS
June 10-year T-notes (ZNM13 -0.13%) this morning are down -3 ticks on reduced safe-haven demand with the rally in U.S. and European stock indexes. June 10-year T-note prices soared on Friday as the 10-year T-note yield fell to a 3-3/4 month low of 1.679%. The main bullish factor was the weaker-than-expected Mar payroll report (+88,000 vs. expectations of +190,000), which will keep the Fed’s QE program in place after last month’s FOMC statement said the Fed will keep buying bonds until there’s “substantial improvement” in the labor market. Closes: TYM3 +10.0, FVM3 +1.75.
The dollar index (DXY00 +0.01%) this morning is slightly higher by +0.07 points (+0.09%). EUR/USD is up +0.0035 (+0.27%) on the stronger-than-expected German industrial production and has shaken off the adverse ruling by Portugal's Constitutional Court. USD/JPY is up +1.09 yen (+1.12%). The dollar index on Friday fell to a 1-1/2 week low and closed lower as the weak Mar payrolls report bolstered the prospects of the Fed maintaining its dollar-negative QE3 program. EUR/USD posted a 1-1/2 week high after German Feb factory orders rose +2.3% m/m, stronger than expectations of +1.1% m/m, although EUR/USD gave up its gains and closed little changed. USD/JPY surged to a 3-1/2 year high as the BOJ’s aggressive QE program continued to punish the yen. Closes: Dollar index -0.181 (-0.22%), EUR/USD -0.0013 (-0.10%), USD/JPY +1.23 (+1.27%).
May WTI crude oil (CLK13 +0.99%) this morning is up +0.87 (+0.94%) and May gasoline is up +0.0401 (+1.40%) on some short-covering after recent losses. In addition, Nigeria's main rebel group launched an attack in Nigeria's oil-producing region that killed 15 security personnel. Oil prices were also boosted as nuclear talks with Iran ended on Saturday with no progress and with no agreement for a date on a new round of talks. Crude oil and gasoline prices closed lower on Friday with May crude posting a 2-week low. The main bearish factor was the weaker-than-expected Mar non-farm payrolls report, which raised concern that economic growth won’t be strong enough to support energy demand. Supportive factors for crude oil included the weaker dollar and the stronger-than-expected German Feb factory orders report. Closes: CLK3 -0.76 (-0.81%), RBK3 -0.0351 (-1.21%).
GLOBAL EVENT CALENDAR04/08/2013
US0530 ETU.S. Treasury Secretary Jack Lew meets with ECB President Draghi and European Council President Van Rompuy.
0830 ETCleveland Fed President Sandra Pianalto speaks in West Palm Beach, FL on “The Federal Reserve’s Role in Supporting the U.S. Economy” at the International Economic Forum of the Americas.
1100 ETUSDA weekly grain export inspections.
1600 ETUSDA Crop Progress.
1915 ETFed Chairman Ben Bernanke delivers keynote address entitled “Maintaining Financial Stability: Holding a Tiger by the Tail” to the Atlanta Fed’s 2013 Financial Markets Conference.
JPN0030 ETJapan March bankruptcies, Feb -11.8% y/y.
0100 ETJapan March Eco watchers current index, Feb 53.2. March Eco watchers outlook index, Feb 57.7.
EUR0430 ETEurozone Apr Sentix investor confidence expected -12.8, Mar -10.6.
GER0600 ETGerman Feb industrial production expected +0.3% m/m and -0.9% y/y, Jan unch m/m and -1.3% y/y.
UK1901 ETUK March BRC sales like-for-like expected +1.0% y/y, Feb +2.7% y/y.
1901 ETUK March RICS house price balance expected -5%, Feb -6%.
CH2130 ETChina March CPI expected +2.5% y/y, Feb +3.2% y/y.
2130 ETChina March PPI expected -1.8% y/y, Feb -1.6% y/y.
U.S. STOCK CALENDAR04/08/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
AZZ IncAZZ USBef-mktQ4 2013 Earnings ReleaseQ4 20130.487
Macy's IncM US9:30Macy's vs JcPenney Notification Deadline on the Settlement Outcome
Citigroup IncC US10:00Citigroup Class Action Lawsuit: Settlement Approval
AZZ IncAZZ US11:00Q4 2013 Earnings CallQ4 2013
Otter Tail CorpOTTR US11:00Annual General MeetingY 2013
Investors Bancorp IncISBC US11:00Investors Bancorp, Inc. and Gateway Community Financial Corporation Merger Call
AngioDynamics IncANGO US16:30Q3 2013 Earnings CallQ3 2013
Alcoa IncAA US17:00Q1 2013 Earnings CallQ1 2013
Alcoa IncAA USAft-mktQ1 2013 Earnings ReleaseQ1 20130.08
A Schulman IncSHLM USAft-mktQ2 2013 Earnings ReleaseQ2 20130.395
AngioDynamics IncANGO USAft-mktQ3 2013 Earnings ReleaseQ3 20130.046
Mistras Group IncMG USAft-mktQ3 2013 Earnings ReleaseQ3 20130.173
Waterstone Financial IncWSBF USQ4 2012 Earnings ReleaseQ4 2012
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Friday, May 18, 2012

3 stocks

With the market as measured by the Value Line Index hitting new lows every day I thought you'd like to see 3 stocks continuing to buck the trend.  I used Barchart to find 3 that I think have very interesting charts that might be good additions to your watch lists.  The stocks are Xenoport (XNPT),  Waterstone Financial (WSBF) and PRGX Global (PRGX).

For reference I've included an hourly trading chart of the Value Line Index over the past month:


Xenoport (XNPT)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 31.26% in the last month
  • Relative Strength Index 68.90%
  • Barchart computes  a technical support level at 5.49
  • Recently traded at 5.92 with a 50 day moving average of 4.53
Waterstone Financial (WSBF)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 34.55% in the last month
  • Relative Strength Index 80.49%
  • Barchart computes a technical support level at 3.86
  • Recently traded at 7.08 with a 50 day moving average of 3.10
PRGX Global (PRGX)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 11 new highs and up 4.50% in the last month
  • Relative Strength Index 70.17%
  • Barchart computes a technical support level at 6.77
  • Recently traded at 7.08 with a 50 day moving average of 6.33







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