Wednesday, September 4, 2013

Columbia Laboratories - Chart of the day

Summary:

Columbia Laboratories (CBRX) is the Chart of the Day. The women's healthcare pharmaceutical company has recently taken off with 17 new highs and up 52.05% in the last month.

Article:

The Chart of the Day is Columbia Laboratories (CBRX). I found the stock by sorting the New High List for frequency. The stock languished until an analysts predicted the earning would be up 75.00% this year, then the price started to move and begin trading over 100K shares a day.

It is in the business of developing, manufacturing and selling pharmaceutical products that utilize their proprietary bioadhesive drug delivery technologies to treat various medical conditions. Their focus is developing drugs that improve treatment options for women's health, an area where they have a rich heritage and proven capabilities. Their strategy is to fund development through proof-of-concept, then partner for later-stage clinical trials and commercialization.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 52.05% in the last month
Relative Strength Index 78.22%
Barchart computes a technical support level at 7.81
Recently traded at 8.15 with a 50 day moving average of 6.26

Fundamental factors:

Market Cap $89.32 million
P/E 14.30
Revenue predicted to grow by 2.90% this year and another 10.00% next year
Earnings estimated to increase 75.00% this year and another 42.90% next year
A Wall Street analysts recommends a buy
Financial Strength is a C++

This stock has a small cap and a large volume. Do not buy and put it on a shelf but watch the 50 day moving average and Relative Strength Index closely.

5 Best Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index to find the stock with the most frequent new high coupled with great technical indicators and charts. The list includes Netflix (NFLX), Best Buy (BBY), National-Oilwell (NOV), Halliburton (HAL) and Cigna (CI):

Netflix (NFLX)

Barchart technical indicators:

96% Barchart techncial buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 18.89% in the last month
Relative Strength Index 69.67%
Barchart computes a techncial support level at 281.93
Recently traded at 292.40 with a 50 day moving average of 253.19

Best Buy (BBY)

Brahcrat technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 18.91% in the last month
Relative Strength Index 71.38%
Barchart computes a technical support level at 36.25
Recently traded at 37.15 with a 50 day moving average of 30.98

National-Oilwell (NOV)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 5.59% in the last month
Relative Strength Index 90.45%
Barchart computes a technical support level at 74.32
Recently traded at 76.35 with a 50 day moving average of 72.17

Halliburton (HAL)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 5.85% in the last month
Relative Strength Index 65.96%
Barchart computes a technical support level at 47.71
Recently traded at 49.11 with a 50 day moving average of 45.51

Cigna (CI)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 3.87% in the last month
Relative Strength Index 63.91%
Barchart computes a technical support level at 78.27
Recently traded at 80.22 with a 50 day moving average of 76.77

Barchart Morning Call 9/4

Barchart Morning Call

BC - Wed Sep 04, 6:49AM CDT

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU13 unch) this morning are down -0.02% and European stocks are down -0.71%. Asian stocks closed mixed: Japan +0.54%, Hong Kong -0.31%, China -0.16%, Taiwan -0.06%, Australia -0.67%, Singapore -1.29%, South Korea +0.04%, India +1.83%. U.S. and European stocks are under pressure amid concern the U.S. is closer to a military strike against Syria. The U.S. Senate Foreign Relations Committee is due today to vote on a resolution that sets a 90-day limit on military action against Syria. Commodity prices are mostly lower. Oct crude oil (CLV13 -0.41%) is down -0.61% after Russia raised objections to military action against Syria, which further clouds the prospects for an attack, when Russian President Putin said he will only support a UN resolution for military strikes if there's conclusive proof the Syrian government used chemical weapons. Oct gasoline (RBV13 -0.36%) is down -0.48%. Dec gold (GCZ13 -0.59%) is down -0.63% and Dec copper (HGZ13 -1.56%) is down -1.69%. Agricultural and livestock prices are mixed. The dollar index (DXY00 -0.11%) is down -0.15%. EUR/USD (^EURUSD) is up +0.09% and USD/JPY (^USDJPY) is down -0.10%. December T-note prices (ZNZ13 -0.16%) are down -6.5 ticks.
China's Aug HSBC services PMI rose +1.5 points from July to 52.8, its fastest pace of expansion in 5-months.
Eurozone Q2 GDP was revised slightly higher to +0.3% q/q and -0.5% y/y from the originally reported +0.3% q/q and -0.7% y/y.
Eurozone Aug PMI composite was revised lower to 51.5 from the originally reported 51.7.
Eurozone July retail sales rose +0.1% m/m and fell -1.3% y/y, weaker than expectations of +0.2% m/m and -0.3% y/y, while Jun retail sales were revised lower to -0.7% m/m and -1.1% y/y from the originally reported -0.5% m/m and -0.9% y/y.
UK Aug PMI services unexpectedly rose +0.3 from July to 60.5, stronger than expectations of a -0.5 point decline to 59.7 and the fastest pace of expansion in 6-1/2 years.
The UK Aug BRC Nielsen shop price index all items fell -0.5% y/y, the fourth consecutive month of declines, the most since data for the series began in 2006.

U.S. STOCK PREVIEW

Today’s July U.S. trade deficit report is expected to widen moderately to -$38.7 billion from -$34.2 billion in June. However, even after today’s expected widening of the trade deficit to -$38.7 billion, the deficit will still be much narrower than the -$44.1 billion level seen in May. The Fed today will release its Beige Book report ahead of the FOMC meeting in two weeks on Sep 17-18. The FOMC in its last Beige Book released on July 17 said that the U.S. economy maintained a “modest to moderate pace.” Today’s Aug U.S. total vehicle sales report is expected to edge higher to 15.80 million from 15.73 million in July. There are 5 of the Russell 1000 companies that report earnings today: Navistar (consensus -$1.30), SAIC (0.21), Dollar General (0.74), Greif (0.91), and Forest City Enterprises (-0.02).
Conferences this week include: 16th Annual Asian Shared Services & Outsourcing Week on Tue/Wed, Barclays Capital Back to School Conference on Tue-Wed, Citi Global Technology Conference on Tue-Wed, Barclays CEO Energy Conference on Wed, Barrington Research Growth Conference on Wed, Brean Capital Global Technology Conference on Wed, Pareto Securities Oil & Offshore Conference on Wed, 18th Handelsblatt Annual Conference - Banks in Upheaval on Thu, and Scotiabank Financials Conference 2013 on Thu.

OVERNIGHT U.S. STOCK MOVERS

Prudential (PRU +1.39%) was upgraded to "Overweight" from "Equal Weight" at Barclays who also raised their price target on the stock to $95 from $83.
Best Buy (BBY +2.75%) was upgraded to "Neutral" from "Underperform" at BofA/Merrill.
Loews (L +0.16%) was initiated with a "Buy" at Deutsche Bank with a target of $52.
Dollar General (DG -0.17%) reported Q2 EPS of 77 cents, better than consensus of 74 cents.
SAIC (SAI +0.53%) reported Q2 EPS of 13 cents, well below consensus of 21 cents, and lowered guidance on fscal 2014 EPS view to 95 cents-$1.03, below consensus of $1.13.
ZOLL Medical (ZOLL) was awarded a $210 million government contract for defibrillators, monitors, warmers, and infusers.
Hain Celestial (HAIN +0.12%) fell over 3% in after-hours trading after Carl Icahn filed to sell 3.65 million shares of the company.
Cedar Fair Entertainment (FUN +0.33%) raised its fiscal 2013 revenue estimate to $1.10 billion-$1.25 billion, from $1.09 billion-$1.115 billion.
Glenview Capital reported a 9.1% passive stake in J. C. Penney (JCP +1.92%) .
Consolidated Press International Holdings reported a 9.35% passive stake and Cavalane Holdings reported a 9.35% passive stake in Zillow (Z +2.74%) .
Matrix Service (MTRX +1.80%) reported Q4 EPS of 28 cents, better than consensus of 26 cents.
H&R Block (HRB -0.11%) is down 4% in after-hours trading after it reported a Q1 EPS loss of -40 cents, a wider loss than consensus of -37 cents.
Bank of America (BAC +0.92%) sold its remaining stake in China Construction Bank, approxiamtely 2 billion shares, and said it sees a pretax gain of approximately $750 million from the sale.

MARKET COMMENTS

Sep E-mini S&Ps (ESU13 unch) this morning aredown -0.25 of a point (-0.02%). The S&P 500 index on Tuesday closed higher but fell back from its best levels after Speaker of the House Boehner said he will support President Obama’s call for military action against Syria. Bullish factors included (1) reduced concern of an immediate U.S. attack on Syria after President Obama said he will seek authorization from Congress, which is in recess until Sep 9, before ordering a strike against Syria, and (2) signs of strength in the global economy after the Aug ISM manufacturing index expanded by its fastest pace in 2 years and China’s Aug manufacturing PMI rose to a 16-month high of 51.0. Closes: S&P 500 +0.42%, Dow Jones +0.16%, Nasdaq 100 +0.58%.
Dec 10-year T-notes (ZNZ13 -0.16%) this morning are down -6.5 ticks. Dec 10-year T-note prices on Tuesday closed lower on bearish factors including (1) reduced safe-haven demand as the threat of an immediate U.S. military attack on Syria declined after President Obama said he will seek authorization from Congress before ordering a military strike against Syria, and (2) the Aug ISM manufacturing index that unexpectedly expanded at its fastest pace in 2 years. Closes: TYZ3 -23.00, FVZ3 -11.00.
The dollar index (DXY00 -0.11%) this morning is down -0.121 (-0.15%). EUR/USD (^EURUSD) is up +0.0012 (+0.09%) and USD/JPY (^USDJPY) is down -0.10 (-0.10%). The dollar index on Tuesday climbed to a 6-week high and closed higher after an unexpected increase in the Aug ISM manufacturing index to its best level in 2 years bolstered speculation the Fed will start cutting bond purchases this month. Closes: Dollar index +0.274 (+0.33%), EUR/USD -0.00498 (-0.38%), USD/JPY +1.465 (+1.49%).
Oct WTI crude oil (CLV13 -0.41%) this morning is down -66 cents (-0.61%) and Oct gasoline (RBV13 -0.36%) is down -0.0138 (-0.48%). Oct crude oil and gasoline prices on Tuesday recovered from 1-week lows and settled mixed after Israel launched missiles into the Mediterranean as part of a missile-defense test, which fueled concern about tensions in the Middle East. Another bullish factor was the sign of strength in global manufacturing after Aug manufacturing PMIs rose in China, the U.S. and Europe. Energy prices were undercut by the rise in the dollar index to a 6-week high. Closes: CLV3 +0.89 (+0.83%), RBV3 -0.0300 (-1.04%).

GLOBAL EVENT CALENDAR09/04/2013

US	0700 ET	Weekly MBA mortgage applications, previous -2.5% with purchase sub-index +2.4% and refi sub-index-5.4%.
	0730 ET	Aug Challenger job cuts, July +2.3% y/y.
	0830 ET	July trade balance expected -$38.7 billion, Jun -$34.2 billion.
	1230 ET	San Francisco Fed President John Williams delivers a speech on the economy and monetary policy to community leaders in Portland, OR.
	1400 ET	Fed Beige Book.
	1630 ET	API weekly U.S. oil statistics.
	1700 ET	Aug total vehicle sales expected 15.80 million, July 15.73 million. Aug domestic vehicle sales expected 12.30 million, July 12.20 million.
	2000 ET	Minneapolis Fed President Narayana Kocherlakota participates in a town hall forum at the University of Wisconsin Lacrosse.
GER	0355 ET	Revised German Aug PMI services, pervious 52.4.
EUR	0400 ET	Revised Eurozone Aug PMI composite, previous 51.7.
	0500 ET	Revised Eurozone Q2 GDP, previous +0.3% q/q and -0.7% y/y.
	0500 ET	Eurozone July retail sales expected +0.2% m/m and -0.3% y/y, Jun -0.5% m/m and -0.9% y/y.
UK	0430 ET	UK Aug PMI services expected -0.3 to 59.9, July 60.2.

U.S. STOCK CALENDAR09/04/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
Navistar International Corp	NAV US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	-1.295
SAIC Inc	SAI US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.212
Dollar General Corp	DG US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.74
SAIC Inc	SAI US	8:00	Q2 2014 Earnings Call	Q2 2014
CR Bard Inc	BCR US	8:30	Business Update Call
Navistar International Corp	NAV US	9:00	Q3 2013 Earnings Call	Q3 2013
Ford Motor Co	F US	10:00	August 2013 Sales and Revenue Call	2013
Biogen Idec Inc	BIIB US	10:00	Biogen Tecfidera EU Scenarios Discussed: Patents, Reimbursement, Compounding
Dollar General Corp	DG US	10:00	Q2 2014 Earnings Call	Q2 2014
Greif Inc	GEF US	Aft-mkt	Q3 2013 Earnings Release	Q3 2013	0.908
Forest City Enterprises Inc	FCE/A US		Q2 2014 Earnings Release	Q2 2014	-0.015
General Motors Co	GM US		August 2013 Sales and Revenue Release	2013

Tuesday, September 3, 2013

Dynamic Materials - BOOM - Barchart's Chart of the Day

Summary:

Dynamic Materials (BOOM) is the Chart of the Day, The explosion metal working company is up 37.56% in the past year but most of that was in the last quarter.

Article:

The Chart of the Day is Dynamic Materials (BOOM). The company has both a Trend Spotter buy signal and 96% technical buy signals. I found the stock by sorting the New High List for frequency.

It is engaged in explosion metal working. Forms of explosion metal working include: cladding, where two or more metals are explosively joined to each other; and forming of metals in which metals are shaped, shock hardened, or altered using explosives as an energy source. It distributes its products in North America primarily through its internal sales organization. It also uses independent sales representatives in specific industries or territories to complement and extend its internal selling efforts.

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 14.82% in the last month
Relative Strength Index 78.41%
Barchart computes a technical support level at 21.86
Recently traded at 22.23 with a 50 day moving average of 18.92

Fundamental factors:

Market Cap $304.11 million
P/E 29.05
Dividend yield .74%
Analyst project revenue will increase 7.30% this year and another 12.30% next year
Earnings are estimated to grow 55.20% next year and continue to increase annually at the rate of 13.00% for the next 5 years
Wall Street analysts issued 2 strong buy , 3 buy and 1 hold recommendation
Financial Strength is B

Please watch the 50 day moving average and bail on signs of weakness.

Saturday, August 31, 2013

Astronics COD 8-31

Summary:

Astronics (ATRO) is the Chart of the Day. The returning aircraft electronics stock keeps going up and has gained 66.18% in the last year.

Article:

The Stock of the Day is Astronics (ATRO). The stock was near the top of the New High List. The stock was featured back on 6/10 but since then had a retracement and now is gaining momentum again. The stock has both a Trend Spotter buy and 96% technical buy signals.

It is a manufacturer of specialized lighting and electronics for the cockpit, cabin and exteriors of military, commercial transport and private business jet aircraft. A major lighting and electronics supplier to the aircraft industry, its strategy is to expand from a components and subsystems supplier to an aircraft lighting systems integrator, increasing the value and content it provides to various aircraft platforms.

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 12.17% in the last month
Relative Strength Index 75.25%
Barchart computes a technical support level at 45.90
Recently traded at 46.53 with a 50 day moving average of 41.70

Fundamental factors:

Market Cap $675.15
P/E 28.13
Revenue projected to increase 26.20% this year and another 25.10% next year
Earnings estimated to increase 39.30% this year, an additional 33.70% next year and continue to grow by 19.00% annually for the next 5 years
Wall Street analysts issued 2 strong buy and 2 buy recommendations
Financial Strength B++

Since the stock has bounced around please monitor the moving averages very closely and exit at signs of weakness,

Thursday, August 29, 2013

Bio Telemetry - Barchart's Chart of the Day

Summary:

Bio Telemetry (BEAT ) is the Chart of the Day. This newly reorganized out patient management services company is up 285.02% this year and is a pure technical play.

Article:

The Chart of the Day is Bio Telemetry (BEAT) . The stock was found by sorting the New High List for the stocks gaining the month in the last 3 months. The stock had 21 advances and is up 214.38%.

BioTelemetry, Inc. provides ambulatory outpatient management solutions for monitoring clinical information regarding an individual's health. It is focused on the diagnosis and monitoring of cardiac arrhythmias, or heart rhythm disorders.

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 54.14% in the last month
Relative Strength Index 69.50%
Barchart computes a technical support level at 7.88
Recently traded at 8.68 with a 50 day moving average of 6.84

Fundamental factors:

Reorganized recently
Market Cap $221.42 million
Revenue in the $120.00 million range
Still operating at a loss
Only 1 Wall Street broker has a buy recommendation
Financial Strength is C++

This is a very highly speculative technical play. Too soon after its reorganization to make any fundamental projections. Follow the 50 day moving average and turtle channel for signs of weakness.

NASDAQ 100 Quarterly Winners

We are nearing the Labor Day Holiday so I decided to do something a little different. Today I used Barchart to sort the NASDAQ 100 Index to find the stocks that gained the most in the last 3 months. Those stock that in hindsight, I wish I had bought 3 months ago. There seems to be a theme here and I bet you can see what it is.

The list includes Facebook (FB) up 77.82%, Baidu (BIDU) up 44.29%, Netflix (NFLX) up 33.99%, Priceline.com (PCLN) up 19.21% and Viacom Class B (VIAB):

Facebook (FB)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signals
17 new highs and up 77.92% in the last 3 months
Relative Strength Index 72.30%
Barchart computes a technical support level at 39.46
Recently traded at 41.48 with a 50 day moving average of 31.91

Baidu (BIDU)

Barchart technical indicators:

80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 44.29% in the last 3 months
Relative strength Index 64.43%
Barchart computes a technical support level at 131.47
Recently traded at 139.30 with a 50 day moving average of 117.55

Netflix (NFLX)

Barchart technical indicators:

100% Barchart technical buy signals
Trend spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 33.99% in the last 3 months
Relative Strength Index 69.60%
Barchart computes a technical support level at 272.99
Recently traded at 288.16 with a 50 day moving average of 249.01

Priceline.com (PCLN)

Barchart technical indicators:

56% Barchart technical buy signals
Trend spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 19.21% in the last 3 months
Relative Strength Index 57.61%
Barchart computes a technical support level at 926.54
Recently traded at 943.38 with a 50 day moving average of 899.73

Viacom Class B (VIAB)

Barchart technical indicators:

88% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 16.72% in the last 3 months
Relative Strength Index 63.72%
Barchart computes a technical support level at 77.74%
Recently traded at 79.82 with a 50 day moving average of 73.88

Barchart Moring Call 8/29

Barchart Morning Call

BC - Thu Aug 29, 6:44AM CDT

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU13 +0.31%) this morning are up +0.11% and European stocks are little changed, down -0.02%. Asian stocks closed mostly higher: Japan +0.91%, Hong Kong +0.84%, China -0.42%, Taiwan +1.19%, Australia +0.10%, Singapore +1.13%, South Korea +1.30%, India +2.25%. Stocks received a lift and gold and crude oil prices fell after the prospects for imminent military strikes by the U.S. and its allies against Syria receded. The UK and France said that they favor waiting for the results of a UN investigation into alleged Syrian use of chemical weapons, while U.S. Defense Secretary Hagel said the U.S., which has evidence that the Syrian government was responsible for the chemical attacks, won't act without allies. Commodity prices are mostly lower. Oct crude oil (CLV13 -0.73%) is down -0.68% and Oct gasoline (RBV13 -0.81%) is down -0.25%. Dec gold (GCZ13 -0.50%) is down -0.49% and Sep copper (HGU13 -0.30%) is up +0.03%. Agricultural and livestock prices are mostly lower. The dollar index (DXY00 +0.50%) is up +0.53% at a 2-week high on expectations for U.S. Q2 GDP to be revised higher later this morning. EUR/USD (^EURUSD) is down -0.62% at a 2-week low after German unemployment unexpectedly increased. USD/JPY (^USDJPY) is up +0.51%. India's rupee rallied over 2% as it rebounded from a record low after the Reserve Bank of India said it will supply dollars to the country's top oil importers via foreign-exchange swaps in an attempt to cool demand for foreign exchange. The rupee fell to a record low against the dollar Wednesday on concern a surge in oil prices will worsen India's current account deficit at a time when the prospect of a cut in U.S. stimulus was already fueling capital outflows from India. September T-note prices (ZNU13 -0.06%) are little changed, up +0.5 of a tick.
German Aug unemployment unexpectedly rose by +7,000, the first increase in 3-months and worse than expectations of a -5,000 decline, while the Aug unemployment rate remained unchanged at 6.8%, right on expectations.
ECB Council member Nowotny, speaking at an event in Austria today, said that the fact that the Eurozone has returned to growth and that markets "are starting to work again" is no reason for the ECB to end its accommodative policy stance as "there are still very low growth rates and uncertainty is still high."
Japan July retail sales fell-1.8% m/m and -0.3% y/y, weaker than expectations of -1.0% m/m and +0.1% y/y, with the -1.8% m/m drop the biggest monthly decline in 2-years.

U.S. STOCK PREVIEW

Today’s initial unemployment claims report is expected to show a decline of -4,000 to 332,000, reversing part of last week’s increase of +13,000 to 336,000. Continuing claims are expected to fall -11,000 to 2.988 million, reversing part of last week’s increase of +29,000 to 2.999 million. There are 7 of the Russell 1000 companies that report earnings today: Campbell Soup (consensus $0.42), Golar LNG (0.20), Signet Jewelers (0.83), Pall Corp (0.89), Salesforce.com (0.07), Splunk (-0.03), Chimera Investment Corp (0.09). Equity conferences during the remainder of this week include Simmons European Energy Conference on Wed-Thu, Robert W. Baird & Co. Consumer Corporate Access Day on Thu, and 6th International Financial and Capital Markets Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Citigroup group keeps its "Buy" rating on Harley-Davidson (HOG +0.59%) and said the company's new motorcycles for 2014 should accelerate sales growth.
Signet Jewelers (SIG +2.98%) reported Q2 EPS ex-items of 90 cents, better than consensus of 83 cents.
Mohawk (MHK -1.51%) was upgraded to "Strong Buy" from "Outperform" at Raymond James.
AMC Networks (AMCX -0.57%) was upgraded to "Buy" from "Neutral" at B. Riley.
Pall Corp. (PLL +0.55%) reported Q4 EPS of 90 cents, better than consensus of 89 cents.
Campbell Soup (CPB -0.80%) reported Q4 EPS of 45 cents, stronger than consensus of 42 cents.
Shanda Games (GAME +3.88%) reported Q2 adjusted EPS of 24 cents, better than consensus of 20 cents.
The Fresh Market (TFM -0.09%) reported Q2 EPS of 32 cents, right on consensus, but lowered guidance on fiscal 2013 EPS to $1.50-$1.55, below consensus of $1.59.
Guess (GES +0.29%) surged 17% in after-hours trading after it reported Q2 adjusted EPS of 52 cents, well ahead of consensus of 36 cents.
S.A.C. Capital reported a 5.1% passive stake in Diamond Foods (DMND +0.92%) .

MARKET COMMENTS

Sep E-mini S&Ps (ESU13 +0.31%) this morning are up +1.75 points (+0.11%). The S&P 500 index on Wednesday closed higher after a surge in crude oil to a 2-year high fueled a rally in energy companies. Stocks were undercut by an impending U.S.-led military strike against Syria and the weaker-than-expected -1.3% m/m drop in U.S. July pending home sales (vs expectations of unchanged). Closes: S&P 500 +0.27%, Dow Jones +0.33%, Nasdaq 100 +0.41%.
Sep 10-year T-notes (ZNU13 -0.06%) this morning are up +0.5 of a tick. Sep 10-year T-note prices on Wednesday closed lower as safe-haven demand from the Syrian crisis was offset by supply pressures from this week’s $98 billion T-note auction package. Another negative factor for T-note prices was weak demand for the Treasury’s $35 billion auction of 5-year T-notes, which had a bid-to-cover ratio of 2.38 that was well below the 12-auction average of 2.78. Closes: TYU3 -15.00, FVU3 -7.50.
The dollar index (DXY00 +0.50%) this morning is up +0.428 (+0.53%) at a 2-week high. EUR/USD (^EURUSD) is down -0.0083 (-0.62%) at a 2-week low and USD/JPY (^USDJPY) is up +0.50 (+0.51%). The dollar index on Wednesday closed higher as the prospects of U.S. military action against Syria boosted the safe-haven demand for the dollar. The dollar also received additional safe-haven demand from a plunge in emerging-market currencies after the Indian rupee and Turkish lira fell to record lows. Closes: Dollar index +0.265 (+0.33%), EUR/USD -0.00536 (-0.40%), USD/JPY +0.613 (+0.63%).
Oct WTI crude oil (CLV13 -0.73%) this morning is down -75 cents (-0.68%) and Oct gasoline (RBV13 -0.81%) is down -0.0074 (-0.25%). Oct crude oil and gasoline prices on Wednesday rallied sharply with Oct crude soaring to a 2-year high on concern the conflict in Syria will spread and threaten crude oil supplies from the Middle East. Crude prices came off of their best levels after weekly EIA crude stockpiles climbed +2.986 million bbl, well above expectations of +750,000 bbl, and after U.S. crude production rose +1.2% to 7.609 million barrels a day in the week ended Aug 23, a new 23-3/4 year high. Closes: CLV3 +1.09 (+1.00%), RBV3 +0.0489 (+1.68%).

GLOBAL EVENT CALENDAR08/29/2013

US	0830 ET	Weekly initial unemployment claims expected -4,000 to 332,000, previous +13,000 to 336,000. Weekly continuing claims expected -11,000 to 2.988 million, previous +29,000 to 2.999 million.
	0830 ET	Revised Q2 GDP expected +2.2% (q/q annualized), previous +1.7%. Q2 personal consumption expected +1.7%, previous +1.8%. Q2 GDP price index expected unrevised at +0.7%. Q2 core PCE expected unrevised at +0.8%.
	0830 ET	USDA weekly Export Sales.
	0850 ET	St. Louis Fed President James Bullard delivers welcoming remarks at the Leadership Memphis 2014 event.
	1300 ET	Treasury auctions $29 billion 7-year T-notes.
	1400 ET	Richmond Fed President Jeffrey Lacker speaks at Christopher Newport University on A Look Back at the History of the Federal Reserve.
	1945 ET	St. Louis Fed President James Bullard will speak on the U.S. economy and monetary policy at the Community Development Foundation Center in Tupelo, MS.
GER	0355 ET	German Aug unemployment change expected -5,000, July -7,000. Aug unemployment rate expected unch at 6.8%, July 6.8%.
	0800 ET	German Aug CPI (EU harmonized) expected +0.1% m/m and +1.7% y/y, July +0.4% m/m and +1.9% y/y.
UK	0430 ET	UK Aug Lloyds business barometer, July 41.
	1905 ET	UK Aug GfK consumer confidence expected +2 to -14, July -16.
JPN	1915 ET	Japan Aug Markit/JMMA manufacturing PMI, July 50.7.
	1930 ET	Japan July overall household spending expected +0.3% y/y, Jun -0.4% y/y.
	1930 ET	Japan July jobless rate expected unch at 3.9%, Jun 3.9%. July job-to-applicant ratio expected +0.01 to 0.93, Jun 0.92.
	1930 ET	Japan July national CPI expected +0.7% y/y, Jun +0.2% y/y. July national CPI ex fresh food expected +0.6% y/y, Jun +0.4% y/y. July national CPI ex food & energy expected -0.2% y/y, Jun -0.2% y/y.
	1930 ET	Japan Aug Tokyo CPI expected +0.5% y/y, July +0.4% y/y. Aug Tokyo CPI ex fresh food expected +0.4% y/y, July +0.3% y/y. Aug Tokyo CPI ex food & energy expected -0.3% y/y, July -0.4% y/y.
	1950 ET	Japan July industrial production expected +3.6% m/m and +1.8% y/y, Jun -3.1% m/m and -4.6% y/y.

U.S. STOCK CALENDAR08/29/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
Campbell Soup Co	CPB US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.418
Golar LNG Ltd	GLNG US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.201
Signet Jewelers Ltd	SIG US	6:30	Q2 2014 Earnings Release	Q2 2014	0.828
Pall Corp	PLL US	7:00	Q4 2013 Earnings Release	Q4 2013	0.886
Pall Corp	PLL US	8:30	Q4 2013 Earnings Call	Q4 2013
Signet Jewelers Ltd	SIG US	8:30	Q2 2014 Earnings Call	Q2 2014
Campbell Soup Co	CPB US	10:00	Q4 2013 Earnings Call	Q4 2013
Golar LNG Ltd	GLNG US	10:00	Q2 2013 Earnings Call	Q2 2013
Landstar System Inc	LSTR US	14:00	Q3 2013 Guidance Call	Q3 2013
AMERCO	UHAL US	14:00	Analyst and Investor Meeting	Y 2013
Splunk Inc	SPLK US	16:30	Q2 2014 Earnings Call	Q2 2014
Salesforce.com Inc	CRM US	17:00	Q2 2014 Earnings Call	Q2 2014
Salesforce.com Inc	CRM US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	0.069
Splunk Inc	SPLK US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	-0.028
AMERCO	UHAL US		Annual General Meeting
Chimera Investment Corp	CIM US		Q2 2012 Earnings Release	Q2 2012	0.093

Wednesday, August 28, 2013

Inphi Corp - Barchart's Chart of the Day

Summary:

Inphi Corp (IPHI) is the Chart of the Day. The stock advanced in 13 sessions last month for a gain of 9.34%. It has both a Trend Spotter buy signal and 100% technical buy signals.

Article:

The Chart of the Day is Inphi Corp (IPHI). I found the stock by sorting the New High List for frequency then found the stock that had gains for both the month and the last 5 trading sessions.

It is a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company's products are designed into systems sold by OEMs.

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 9.34% in the last month
Relative Strength Index 69.68%
Barchart computes a technical support level at 12.21
Recently traded at 12.53 with a day moving average of 11.47

Fundamental factors:

Market Cap $356.88 million
Revenue projected to increase 11.30% this year and another 25.80% next year
Earnings estimated to decrease 52.90% this year but increase by 287.50% next year and continue to increase by 25.00% annually for the next 5 years
Wall Street analysts issued 3 buy and 4 hold recommendations
Financial Strength is B

This company has yet to prove itself so treat it as a technical play and watch the 50 day moving average.

6 Small Cap Stars

Today I used Barchart to sort the S&P 600 Small Cap Index to find the stocks with the most frequent new highs, solid technical indicators and charts. I further screened for those stock having positive results for both the month and the last 5 trading sessions. The list includes The Andersons (ANDE), TTM Technologies (TTMI), Tetra Technologies (TTI), Bel Fuse (BELFB), Skechers USA (SKX) and Pinnacle Entertainment (PNK):

The Andersons (ANDE)