Wednesday, February 26, 2014

BARCHART MORNING CALL 2/26


OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 +0.11%) this morning are up +0.18% and European stocks are down -0.15% after Ukraine's currency, the hryvnia, weakened to a record low as the country's interim administration struggles to secure as much as $35 billion in financial aid to stave off a possible default. Losses in European stocks were limited after German Mar GfK consumer confidence unexpectedly rose to a 7-year high. Asian stocks closed mostly higher: Japan -0.54%, Hong Kong +0.54%, China +0.25%, Taiwan +0.29%, Australia +0.06%, Singapore -0.50%, South Korea +0.42%, India +0.65%. China's Shanghai Stock Index recovered from a 1-month low and finished higher after China's benchmark money-market rates fell to a 7-month low as efforts by the PBOC to weaken the yuan boosted the supply of cash in the financial system. Commodity prices are mixed. Apr crude oil (CLJ14 +0.52%) is up +0.35%. Apr gasoline (RBJ14 -0.11%) is down -0.14%. Apr gold (GCJ14 -0.51%) is down -0.24%. March copper (HGH14 +0.09%) is up +0.11% after LME copper inventories fell -2,750 MT to 276,400 MT, a 14-month low. Agriculture and livestock prices are mixed as nearest-futures (G14) Feb cattle climbed to a record high of $1.4695 a pound. The dollar index (DXY00 +0.11%) is up +0.02%. EUR/USD (^EURUSD) is down -0.04%. USD/JPY (^USDJPY) is up +0.11%. March T-note prices (ZNH14 -0.10%) are down -2.5 ticks.
German Mar GfK consumer confidence unexpectedly rose +0.2 to 8.5 from an upward revised 8.3 in Feb, higher than expectations of unch at 8.2 and the highest level in 7-years.
UK Q4 GDP was revised to +0.7% q/q and +2.7% y/y, slightly lower than the originally reported +0.7% q/q and +2.8% y/y. Q4 private consumption was revised down to +0.4% q/q from +0.6% q/q and Q4 government spending was revised down to +0.3% q/q from +0.5% q/q. Q4 exports were revised upward to +0.4% q/q from +0.2% q/q and Q4 imports were revised upward to -0.9% q/q from -1.0 q/q.
UK Q4 total business investment rose +2.4% q/q and +8.5% y/y, higher than expectations of +1.3% q/q.

U.S. STOCK PREVIEW
Today’s Jan new home sales report is expected to show a decline of -3.4% to 400,000, adding to the decline of -7.0% to 414,000 seen in December. The markets will be watching to see if there is some recovery in mortgage activity after last week’s drops that were likely caused mainly by bad weather. The MBA mortgage purchase sub-index last week fell sharply by -6.3% to a 2-1/2 year low of 160.7. The Treasury today will sell $35 billion in 5-year T-notes and $13 billion of 2-year floating rate notes. The Treasury will then wrap up this week’s T-note package by selling $29 billion of 7-year T-notes on Thursday. There are 13 of the S&P 500 companies that report earnings today: Dollar Tree (consensus $1.05), Cablevision (0.09), Target (1.24), TJX (0.83), Chesapeake Energy (0.40), AES (0.29), CenterPoint Energy (0.28), Lowe's (0.31), Transocean (0.72), Autodesk (0.34), L Brands (0.34), Integrys Energy Group (0.94), Newfield Exploration (0.44).
Equity conferences during the remainder of this week include: J. P. Morgan Global High Yield & Leveraged Finance Conference on Mon-Wed, RBC Capital Markets Healthcare Conference on Mon-Wed, 10th Regulatory and Compliance Congress on Tue-Wed, Robert W. Baird Business Solutions Conference Tue-Wed, Crude By Rail 2014 on Tue-Wed, Super Return International 2014 on Tue-Wed, Gabelli & Co Inc Industrial Flow & Infrastructure Conference on Wed, RBC Capital Markets Global Health Care Conference on Wed, Alembic Global Advisors Fourth Annual Global Chemical Conference on Wed, Keefe, Bruyette, & Woods Boston Bank Conference on Wed, KeyBanc Capital Markets Consumer Conference on Wed, Bank of America Merrill Lynch Global Agriculture Conference on Wed-Thu, Simmons Energy Conference on Thu, and Stifel Industrials Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS
Target (TGT +0.66%) reported Q4 adjusted EPS of $1.30, well ahead of consensus of 79 cents.
Lowe's (LOW +1.88%) reported Q4 EPS of 31 cents, right on expectations.
Chesapeake Energy (CHK -1.28%) reported Q4 EPS of 27 cents, well below consensus of 40 cents.
Dollar Tree (DLTR +0.67%) reported Q4 EPS of $1.02 weaker than consensus of $1.05.
Boeing (BA -2.17%) was awarded a $2.07 billion government contract modification for the procurement of 16 P-8A Multi-mission Maritime Aircraft full rate production Lot I aircraft and 16 Ancillary Mission Equipment kits for the U.S. Navy.
Weatherford (WFT -0.13%) reported Q4 adjusted EPS of 7 cents, right on consensus.
Alleghany (Y -0.25%) reported Q4 EPS of $6.99, better than consensus of $6.53.
Superior Energy (SPN +0.70%) reported Q4 adjusted EPS of 30 cents, below consensus of 31 cents.
Avago (AVGO -0.96%) reported Q1 EPS of 84 cents, stronger than consensus of 78 cents.
R.R. Donnelley (RRD -1.37%) reported Q4 EPS of 49 cents, higher than consensus of 38 cents.
AMC Entertainment (AMC +0.36%) reported Q4 EPS ex-items of 18 cents, right on expectations.
Chicago Bridge & Iron (CBI -0.97%) reported Q4 EPS o $1.80, well above consensus of $1.16.
First Solar (FSLR +0.48%) dropped over 10% in after-hours trading after it reported Q4 adjusted EPS of 89 cents, weaker than consensus of 99 cents, and then lowerd guidance on Q1 EPS to 50 cents-60 cents, well below consensus of 84 cents.
Edison International (EIX -0.50%) reported Q4 core EPS of 81 cents, better than consensus of 67 cents.

MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.11%) this morning are up +3.25 points (+0.18%). The S&P 500 on Tuesday closed slightly lower. Bearish factors included (1) the -1.3 point drop in the U.S. Feb consumer confidence index from the Conference Board to 78.1, which was -1.9 points below expectations of 80.0, and (2) the sharp -18 point decline in the Richmond Fed manufacturing index to a 7-month low of -6. Bullish factors for stocks included (1) the +0.76% m/m rise in the Dec S&P CaseShiller composite-20 home price index, better than expectations of +0.6% m/m, and (2) better-than-expected Q4 earnings results. Closes: S&P 500 -0.13%, Dow Jones -0.17%, Nasdaq 100 -0.18%.
Mar 10-year T-notes (ZNH14 -0.10%) this morning are down -2.5 ticks. Mar 10-year T-note futures prices on Tuesday closed higher on economic concerns after U.S. Feb consumer confidence fell more than expected and the Feb Richmond Fed manufacturing index dropped to its lowest level in 7 months. Closes: TYH4 +11.50, FVH4 +6.25.
The dollar index (DXY00 +0.11%) this morning is up +0.020 (+0.02%). EUR/USD (^EURUSD) is down -0.0005 (-0.04%). USD/JPY (^USDJPY) is up +0.11 (+0.11%). The dollar index on Tuesday closed slightly lower after a bigger than expected decline in U.S. Feb consumer confidence fueled concerns about the sustainability of the U.S. economic recovery. EUR/USD fell back from its best levels after Russia’s Deputy Finance Minister said that the Ukraine has a “high” chance of defaulting on its debt, which would be euro-negative. Closes: Dollar index -0.062 (-0.08%), EUR/USD +0.00010 (+0.07%), USD/JPY -0.263 (-0.26%).
Apr WTI crude oil (CLJ14 +0.52%) this morning is up +36 cents (+0.35%) and Apr gasoline (RBJ14 -0.11%) is down -0.0043 (-0.14%). Apr crude and gasoline prices Tuesday closed lower. Negative factors for crude included (1) the larger-than-expected drop in U.S. Feb consumer confidence, (2) expectations for weekly EIA crude inventories to increase by +1.15 million bbl on Wed, and (3) severe winter weather forecast for the central and eastern U.S. that may reduce automobile travel and curb demand for gasoline. Closes: CLJ4 -0.99 (-0.96%), RBJ4 -0.0354 (-1.18%).

GLOBAL EVENT CALENDAR02/26/2014
US0700 ETWeekly MBA mortgage applications, previous -4.1% with purchase sub-index -6.3% and refi sub-index -2.7%.
1000 ETJan new home sales expected -3.4% to 400,000, Dec -7.0% to 414,000.
1030 ETEIA Weekly Petroleum Status Report.
1130 ETTreasury auctions $13 billion 2-year floating rate notes.
1200 ETBoston Fed President Eric Rosengren speaks about the economic outlook to the Boston Economic Club.
1300 ETTreasury auctions $35 billion 5-year T-notes.
GER0200 ETGerman Mar GfK consumer confidence expected unch at 8.2, Feb 8.2.
UK0430 ETRevised UK Q4 GDP, previous +0.7% q/q and +2.8% y/y.

U.S. STOCK CALENDAR02/26/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Dollar Tree IncDLTR USBef-mktQ4 2014 Earnings ReleaseQ4 20141.05
Cablevision Systems CorpCVC USBef-mktQ4 2013 Earnings ReleaseQ4 20130.089
Target CorpTGT USBef-mktQ4 2014 Earnings ReleaseQ4 20141.24
TJX Cos Inc/TheTJX USBef-mktQ4 2014 Earnings ReleaseQ4 20140.825
Chesapeake Energy CorpCHK USBef-mktQ4 2013 Earnings ReleaseQ4 20130.4
AES Corp/VAAES USBef-mktQ4 2013 Earnings ReleaseQ4 20130.294
CenterPoint Energy IncCNP USBef-mktQ4 2013 Earnings ReleaseQ4 20130.279
Lowe's Cos IncLOW USBef-mktQ4 2014 Earnings ReleaseQ4 20140.309
Dollar Tree IncDLTR US9:00Q4 2014 Earnings CallQ4 2014
Apache CorpAPA US9:00Investor DayY 2014
Chesapeake Energy CorpCHK US9:00Q4 2013 Earnings CallQ4 2013
AES Corp/VAAES US9:00Q4 2013 Earnings CallQ4 2013
QEP Resources IncQEP US9:00Q4 2013 Earnings CallQ4 2013
Lowe's Cos IncLOW US9:00Q4 2014 Earnings CallQ4 2014
Range Resources CorpRRC US9:00Q4 2013 Earnings CallQ4 2013
Transocean LtdRIG USAft-mktQ4 2013 Earnings ReleaseQ4 20130.72
Autodesk IncADSK USAft-mktQ4 2014 Earnings ReleaseQ4 20140.339
L Brands IncLB USAft-mktQ4 2014 Earnings ReleaseQ4 20141.613
Integrys Energy Group IncTEG USAft-mktQ4 2013 Earnings ReleaseQ4 20130.936
Deere & CoDE USAnnual General Meeting
Newfield Exploration CoNFX USQ4 2013 Earnings ReleaseQ4 20130.442
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Tuesday, February 25, 2014

Texas Pacific Land Trust - Barchart's Chart fo the Day

Texas Pacific Land Trust (TPL) is the Barchart Chart of the Day.  The company buys and sell real estate while retailing the oil and gas royalties.  It has a Trend Spotter buy signal, a Weighted Alpha of 160.80+ and gained 155.02% in the last year.

The Chart of the Day is Texas Pacific Land Trust (TPL).  I found the stock by sorting the All Time High list for frequency in the last month, skipped the stocks that didn't have a positive gain of the last week and month and reviewed the charts using the Flipchart feature.  Since the Trend Spotter signaled a buy on 1/31 the stock gained 40.24%.

TPL conducts business through the sale and lease of lands owned by the company, retaining oil and gas royalties, temporary cash investments and the overall management of the land owned by Texas Pacific.




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
  • 16 new highs and up 48.93% in the last month
  • Relative Strength Index 93.38%
  • Barchart computes a technical support level at 131.66
  • Recently traded at 141.74 with a 50 day moving average of 105.88
Fundamental factors:
  • Market Cap $1.21 billion
  • P/E 42.19
  • At present no Wall Street brokerage forms are following the stock
  • The stock had a total return to stockholders of 377.50% in the last 5 years
  • The individual investors on Motley Foll voted the stock would beat the market by an  83 to 7 vote
  • A rating service rated the stock B+ for Financial Strength
The stocks gains look great.  In past years the dividend rate has been less than 1% so I wouldn't call this a total return stock.  Watch the 50 day moving average for weakness but sell at the 100 day moving average

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BARCHART MORNING CALL 2/25

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 -0.23%) this morning are down -0.18% and European stocks are down -0.39% on emerging-market concerns after Ukraine's currency slumped after the country delayed a vote on selecting a government until Thursday. Ukraine is struggling to keep its currency, the hryvnia, from collapsing, which could force banks and companies into default that owe money in foreign currencies. Asian stocks closed mixed: Japan +1,44%, Hong Kong -0.32%, China -2.56%, Taiwan +0.18%, Australia -0.12%, Singapore -0.07%, South Korea +0.88%, India +0.20%. The Shanghai Stock Index fell to a 2-week low amid speculation a weaker property market and a falling currency will undercut corporate earnings. China's yuan dropped to a 6-month low of 6.1310 against the dollar, which boosts the cost of overseas borrowing by Chinese companies at the same time as lenders face tighter lending restrictions in China after China's Industrial Bank on Monday said it will delay loans for property projects until the end of March. Commodity prices are mostly lower. Apr crude oil (CLJ14 -0.89%) is down -0.89%. Apr gasoline (RBJ14 -0.15%) is down -0.18%. Apr gold (GCJ14 -0.26%) is down -0.22%. March copper (HGH14 -0.90%) is down -0.72%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.12%) is down -0.08%. EUR/USD (^EURUSD)is up +0.10%. USD/JPY (^USDJPY) is down -0.17%. March T-note prices (ZNH14 +0.06%) are up +3.5 ticks.
UK Feb CBI reported sales jumped to 37 from 14 in Dec, a much bigger increase than expectations of 15 and the highest in 1-1/2 years.
German Q4 GDP was left unrevised at +0.4% q/q and +1.4% y/y. Q4 private consumption was unrevised at -0.1% q/q, but Q4 government spending was revised lower to unch from +0.2%. Q4 exports were revised upward to +2.6% q/q from +1.7% q/q and Q4 imports were revised lower to +0.6% from +1.3% q/q.
The Japan Jan corporate service price index rose +0.8% y/y, a smaller increase than expectations of +1.2% y/y, while Dec was revised lower to +1.1% y/y from the originally reported +1.3% y/y.
U.S. STOCK PREVIEW
U.S. home prices are expected to continue climbing at a relatively strong pace. Today’s Dec FHFA house price index is expected to show an increase of +0.3% m/m after Nov’s report of +0.1%. Meanwhile, today’s Dec S&P/CaseShiller composite-20 home price index is expected to show a strong increase of +0.6% m/m and +13.4% y/y after Nov’s report of +0.9% m/m and +13.7% y/y. Today’s Feb U.S. consumer confidence index from the Conference Board is expected to show a -0.7 point decline to 80.0, reversing part of the +3.2 point increase to 80.7 seen in January. Today’s Feb Richmond Fed manufacturing index is expected to show a -7 point decline to 5, adding to the -1 point decline to 12 seen in January. The Treasury today will sell $32 billion in 2-year T-notes, kicking off this week’s T-note package. The Treasury will then sell $35 billion in 5-year T-notes and $13 billion of 2-year floating rate notes on Wednesday, and $29 billion of 7-year T-notes on Thursday.
There are 9 of the S&P 500 companies that report earnings today: American Tower (consensus $0.96), FirstEnergy (0.70), Home Depot (0.71), Macy's (2.17), Edison International (0.68), First Solar (1.02), QEP Resources (0.40), Range Resources (0.39), Leucadia National Corp. Equity conferences during the remainder of this week include: BMO Capital Markets Global Metals & Mining Conference on Mon-Tue, JP Morgan Emerging Markets Corporate Conference on Mon-Tue, HIMSS Conference on Mon-Tue, Morgan Stanley Houston Energy Summit on Tue, J. P. Morgan Global High Yield & Leveraged Finance Conference on Mon-Wed, RBC Capital Markets Healthcare Conference on Mon-Wed, 10th Regulatory and Compliance Congress on Tue-Wed, Robert W. Baird Business Solutions Conference Tue-Wed, Crude By Rail 2014 on Tue-Wed, Super Return International 2014 on Tue-Wed, Gabelli & Co Inc Industrial Flow & Infrastructure Conference on Wed, RBC Capital Markets Global Health Care Conference on Wed, Alembic Global Advisors Fourth Annual Global Chemical Conference on Wed, Keefe, Bruyette, & Woods Boston Bank Conference on Wed, KeyBanc Capital Markets Consumer Conference on Wed, Bank of America Merrill Lynch Global Agriculture Conference on Wed-Thu, Simmons Energy Conference on Thu, and Stifel Industrials Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
HSBC (HSBC -2.37%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan.
Domino's Pizza (DPZ +1.97%) reported Q4 EPS of 78 cents, better than consensus of 76 cents.
Verizon (VZ -2.20%) was upgraded to 'Overweight' from 'Neutral' at JPMorgan.
Morgan Stanley reiterates its 'Overweight' rating on Tesla (TSLA +3.84%) and raised its price target on the stock to $320 from $153.
American Tower (AMT -1.27%) reported Q4 EPS of 83 cents, weaker than consensus of 96 cents.
Home Depot (HD +0.17%) reported Q4 EPS of 73 cents, higher than consensus of 71 cents.
Perry Ellis (PERY +2.69%) slumped 20% in after-hours trading after it lowered guidance on fiscal 2014 adjusted EPS to 34 cents-37 cents, well below consensus of 97 cents, and said earnings were undercut by inclement weather across major parts of the country and a challenging consumer spending environment.
PayPal, a unit of eBay (EBAY +3.13%) , announced on a company blog that it will be the first global payments company to support the mobile fingerprint authentication technology on Samsung's (SSNLF unch) latest Samsung Galaxy S5.
Chemtura (CHMT +0.36%) reported Q4 adjusted EPS of 16 cents, higher than consensus of 11 cents.
EOG Resources (EOG +1.35%) reported Q4 adjusted EPS of $2.00, better than consensus of $1.94.
Minerals Technologies (MTX -0.34%) increased its offer to acquire AMCOL ({=ACO to $42.50 per share.
Einstein Noah Restaurant Group (BAGL -1.27%) announced that effective immediately, the Board of Directors has appointed Michael Arthur as Interim Chief Executive Officer and President following the resignation of Jeff O’Neill.
Tutor Perini (TPC +2.36%) reported Q4 EPS of 68 cents, stronger than consensus of 61 cents.
Stifel Financial (SF +1.52%) reported Q4 EPS of 79 cents, higher than consensus of 68 cents.
Frontier Communications (FTR -0.86%) reported Q4 adjusted EPS of 7 cents, better than consensus of 6 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 -0.23%) this morning are down -3.25 points (-0.18%). The S&P 500 on Monday rallied to a fresh all-time high and closed higher. Bullish factors for stocks included (1) positive carry-over from a rally in European equities after the German Feb IFO business climate unexpectedly rose +0.7 to a 2-1/2 year high of 111.3, higher than expectations of a -0.1 point decline to 110.5, and (2) a rally in health insurers after the U.S. Centers for Medicare & Medicaid Services said health insurers face a payment cut of only about 3.55% next year, less than industry expectations of 6% to 7%. Closes: S&P 500 +0.62%, Dow Jones +0.64%, Nasdaq 100 +0.63%.
Mar 10-year T-notes (ZNH14 +0.06%) this morning are up +3.5 ticks. Mar 10-year T-note futures prices on Monday closed lower on negative carry-over from a drop in German bunds after the German Feb IFO business climate unexpectedly rose to a 2-1/2 year high. T-notes also moved lower on reduced safe-haven demand after the S&P 500 climbed to a record high. Closes: TYH4 -4.50, FVH4 -2.00.
The dollar index (DXY00 -0.12%) this morning is down -0.066 (-0.08%). EUR/USD (^EURUSD) is up +0.0014 (+0.10%). USD/JPY (^USDJPY) is down -0.17 (-0.17%). The dollar index on Monday closed lower on reduced safe haven demand after the S&P 500 rose to a record high. EUR/USD moved higher after the German Feb IFO business climate unexpectedly rose +0.7 to a 2-1/2 year high of 111.3, but fell back after ECB President Draghi reiterated the ECB is ready to add to stimulus if the outlook for prices deteriorates and after ECB Executive Board member Praet said that “weakness in price development is extending to the medium term.” Closes: Dollar index -0.038 (-0.05%), EUR/USD -0.00014 (-0.01%), USD/JPY unch.
Apr WTI crude oil (CLJ14 -0.89%) this morning is down -91 cents (-0.89%) and Apr gasoline (RBJ14 -0.15%) is down -0.0053 (-0.18%). Apr crude and gasoline prices Monday settled higher. Bullish factors for crude included (1) weakness in the dollar, (2) the unexpected increase in German Feb IFO business confidence to a 2-1/2 year high, which is positive for the global economic outlook and energy demand, and (3) expectations for crude supplies to fall for a fourth week at Cushing, OK, the delivery point for WTI futures, when weekly EIA inventory data is released on Wed. Closes: CLJ4 +0.62 (+0.61%), RBJ4 +0.0055 (+0.18%).
GLOBAL EVENT CALENDAR02/25/2014
US0900 ETDec FHFA house price index expected +0.3% m/m, Nov +0.1% m/m. Q4 house price purchase index expected +1.00% q/q, Q3 +1.96% q/q.
0900 ETDec S&P/CaseShiller composite-20 home price index expected +0.6% m/m and +13.40% y/y, Nov +0.88% m/m and +13.71% y/y. Q4 home price index, Q3 +11.18% y/y.
1000 ETU.S. Feb consumer confidence (Conference Board) expected -0.7 to 80.0, Jan +3.2 to 80.7.
1000 ETFeb Richmond Fed manufacturing index expected -7 to 5, Jan -1 to 12.
1010 ETFed Governor Daniel Tarullo speaks at the annual NABE conference on a panel titled A View from the Fed.
1300 ETTreasury auctions $32 billion 2-year T-notes.
GER0200 ETRevised German Q4 GDP, previous +0.4% q/q and +1.4% y/y.
UK0600 ETUK Feb CBI reported sales expected +1 to 15, Jan 14.
U.S. STOCK CALENDAR02/25/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
American Tower CorpAMT USBef-mktQ4 2013 Earnings ReleaseQ4 20130.962
FirstEnergy CorpFE USBef-mktQ4 2013 Earnings ReleaseQ4 20130.696
Home Depot Inc/TheHD US6:00Q4 2014 Earnings ReleaseQ4 20140.713
Quanta Services IncPWR US8:00Investor DayY 2014
Macy's IncM US8:00Q4 2014 Earnings ReleaseQ4 20142.172
Edison InternationalEIX USAft-mktQ4 2013 Earnings ReleaseQ4 20130.678
First Solar IncFSLR USAft-mktQ4 2013 Earnings ReleaseQ4 20131.021
QEP Resources IncQEP USAft-mktQ4 2013 Earnings ReleaseQ4 20130.404
Range Resources CorpRRC USAft-mktQ4 2013 Earnings ReleaseQ4 20130.388
Leucadia National CorpLUK USQ4 2013 Earnings ReleaseQ4 2013
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Wednesday, February 19, 2014

Novo Nordisk - Barchart's Chart of the Day

Novo Nordisk (NVO) is the Barchart Chart of the Day.  The Danish pharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 38.10+ and gained 27.74% in the last year.

The Chart of the Day is Novo Nordisk (NVO).  I found the stock by sorting the All Time High list for frequency in the last month, skipped the stocks that did not have positive gains for the last week and month, then used the Flipchart feature to review the stocks.  Since the Trend Spotter signaled a buy on 11/29 the stock gained 23.69%.

NVO is a leader in insulin and diabetes care and also manufactures and markets a variety of other pharmaceutical products. The company is the world's largest producer of industrial enzyme products.





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
  • 14 new highs and up 15.98% in the last month
  • Relative Strength Index 81.15%
  • Barchart computes  a technical support level at 43.20
  • Recently traded at 44.14 with a 50 day moving average of 38.39
Fundamental factors:
  • Market Cap $118.08 billion
  • P/E 25.89
  • Dividend yield 1.03%
  • Revenue predicted to grow 9.50% this year and another 9.80% next year
  • Earnings estimated to increase by 12.60% this year, an additional 13.30% next year and continue to increase at an annual rate of 12.80% a year for the next 5 years
  • Wall Street analysts issued 2 hold recommendations on the stock
  • Financial Strength is A++
Solid gains in revenue and earnings in a financially stable stock makes it a good pick.  The focus should be on the high P/E ratio of 25.89.  Watch the 50 day moving average for weakness and use the 100 day moving average for an exit point.


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BARCHART MORNING CALL 2/19

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 -0.34%) this morning are down -0.34% and European stocks are down -0.55% as emerging-market currencies dropped after anti-government protests escalated in Ukraine and Thailand. Asian stocks closed mixed: Japan -0.52%, Hong Kong +0.34%, China +1.15%, Taiwan +0.24%, Australia +0.29%, Singapore +0.59%, South Korea -0.29%, India +0.43%. China's Shanghai Stock Index erased early losses and rallied up to a 2-month high and closed higher after Chinese money-market rates dropped to a 9-month low. Commodity prices are mixed. Mar crude oil (CLH14 +0.68%) is up +0.45%. Mar gasoline (RBH14 -0.08%) is down -0.20%. Apr gold (GCJ14 -0.54%) is down -0.39%. March copper (HGH14 +0.03%) is down -0.12%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.03%) is up +0.01%. EUR/USD (^EURUSD) is down -0.09%. USD/JPY (^USDJPY) is down -0.38%. March T-note prices (ZNH14 +0.17%) are up +9 ticks at a 1-week high.
UK Jan jobless claims fell -27,600, a bigger decline than expectations of -20,000. The Jan claimant count rate fell -0.1 to 3.6%, right on expectations and the lowest in 5 years.
The UK Dec ILO unemployment rate unexpectedly rose +0.1 to 7.2% in the three months through Dec, higher than expectations of unch at 7.1%.
Eurozone Dec construction output rose +0.9% m/m and fell -0.2% y/y, while Nov was revised upward to -0.2% m/m and -1.6% y/y from the originally reported -0.6% m/m and -1.7% y/y.
Japan Jan nationwide department store sales rose +2.9% y/y, the most in 7-months.
The Japan Dec leading index CI was revised down ward to 111.7 from the originally reported 112.1, still the highest level in 6-1/2 years.
The Japan Dec all industry activity index unexpectedly fell -0.1% m/m, weaker than expectations of +0.1% m/m.
U.S. STOCK PREVIEW
Today’s Jan housing starts report is expected to show a -4.9% decline to 950,000, adding to the -9.8% decline to 999,000 seen in December. Meanwhile, Jan building permits are expected to fall by -1.6% to 975,000, adding to December’s decline of -2.6% to 991,000. Today’s Jan PPI report is expected to strengthen slightly to +1.2% y/y from +1.1% in December. The Jan core PPI is expected to jump to +1.4% y/y from +1.1% in December.
There are 8 of the S&P 500 companies that report earnings today: Devon Energy (consensus $1.08), Host Hotels (0.31), Garmin (0.62), Health Care REIT (0.97), Allegion (0.59), Marriott (0.49), Williams Companies (0.21), Safeway (0.48). Equity conferences during the remainder of this week include EnerCom Oil & Services Conference on Tue-Wed, Mitsubishi Tokyo Utility Conference on Tue-Wed, Consumer Analyst Group of New York Conference on Tue-Fri, and Barclays Industrial Select Conference on Wed-Thu.
OVERNIGHT U.S. STOCK MOVERS
Con-way (CNW -0.08%) was downgraded to 'Hold' from 'Buy' at Wunderlich.
Zale (ZLC -0.20%) surged over 40% in pre-market trading after it agreed to be acquired by Signet Jewelers for $1.4 billion or $21 per share.
Garmin (GRMN +2.37%) reported Q4 EPS of 76 cents, stronger than consensus of 62 cents.
Host Hotels & Resorts (HST -0.68%) reported Q4 EPS of 33 cents, better than consensus of 31 cents.
Crossroads (CRDS -1.27%) filed patent infringement suits against Cisco (CSCO -0.66%) , NetApp (NTAP -0.25%) and Quantum (QTM +4.35%) .
Forest Labs reported a 13.2% stake in Trevena (TRVN +0.87%) .
Oceaneering (OII +1.85%) reported Q4 EPS of 86 cents, better than consensus of 84 cents.
CF Industries (CF -2.36%) reported Q4 EPS of $5.71, well ahead of consensus of $4.49.
Panera Bread (PNRA -2.83%) reported Q4 EPS of $1.96, better than consensus of $1.94.
Herbalife (HLF +3.83%) gained 3% in after-hours trading after it reported Q4 adjusted EPS of $1.28, higher than consensus of $1.25.
Flowserve (FLS -0.21%) reported Q4 adjusted EPS of $1.10, stronger than consensus of $1.01.
Fluor (FLR +0.58%) reported Q4 EPS of $1.01, higher than consensus of 98 cents.
Analog Devices (ADI +0.91%) reported Q1 EPS ex-items of 49 cents, better than consensus of 48 cents.
Bruker (BRKR -0.64%) reported Q4 adjusted EPS of 31 cents, higher than consensus of 28 cents.
Columbia Sportswear (COLM +2.21%) reported Q4 EPS of $1.05, stronger than consensus of 92 cents.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 -0.34%) this morning are down -6.25 points (-0.34%). The S&P 500 on Tuesday rebounded from early losses and posted a 3-week high as weaker-than-expected U.S. economic data was offset by increased M&A activity. The Feb Empire manufacturing index fell -8.03 to 4.48, a bigger decline than expectations of -4.01 to 8.50, and the Feb NAHB housing market index unexpectedly plunged -10 points to a 9-month low of 46. Stocks recovered on increased M&A activity after Actavis Plc agreed to buy Forest Laboratories for $25 billion. Closes: S&P 500 +0.12%, Dow Jones -0.15%, Nasdaq 100 +0.42%.
Mar 10-year T-notes (ZNH14 +0.17%) this morning are up +9 ticks at a 1-week high. Mar 10-year T-note futures prices on Tuesday rose to a 1-week high on speculation the U.S. economy is stumbling after the Feb Empire manufacturing index fell more than expected and the Feb NAHB housing market index unexpectedly plunged to a 9-month low. Closes: TYH4 +10.00, FVH4 +7.00.
The dollar index (DXY00 +0.03%) this morning is up +0.007 (+0.01%). EUR/USD (^EURUSD) is down -0.0012 (-0.09%). USD/JPY (^USDJPY) is down -0.39 (-0.38%). The dollar index on Tuesday closed lower on bigger-than-expected declines in the Feb Empire manufacturing index and the Feb NAHB housing market index. USD/JPY posted a 2-week high as the yen weakened after Japan Q4 GDP was weaker than expected and after the BOJ increased and extended its lending programs, a sign of easier monetary policy. Closes: Dollar index -0.128 (-0.16%), EUR/USD +0.00658 (+0.48%), USD/JPY +0.573 (+0.56%).
Mar WTI crude oil (CLH14 +0.68%) this morning is up +46 cents (+0.45%) and Mar gasoline (RBH14 -0.08%) is down -0.0058 (-0.20%). Mar crude and gasoline prices Tuesday closed higher. Mar crude rose to a 4-month high and Mar gasoline posted a 1-3/4 month nearest-futures high on bullish factors that included (1) a weaker dollar, (2) a rally in the S&P 500 to a 3-week high, and (3) expectations for the EIA to report on Thu that crude supplies at Cushing, OK, the delivery point for WTI futures, fell -1 million bbl as flows increased through the southern portion of the Keystone XL pipeline from Cushing to the Gulf Coast. Closes: CLH4 +2.13 (+2.12%), RBH4 +0.0270 (+0.96%).
GLOBAL EVENT CALENDAR02/19/2014
US0700 ETWeekly MBA mortgage applications, previous -2.0% with purchase sub-index -5.0% and refi sub-index -0.2%.
0830 ETJan housing starts expected -4.9% to 950,000, Dec -9.8% to 999,000. Jan building permits expected -1.6% to 975,000, Dec -2.6% to 991,000.
0830 ETJan PPI expected+0.1% m/m and +1.2% y/y, Dec +0.1% m/m and +1.1% y/y. Jan PPI ex food & energy expected +0.1% m/m and +1.4% y/y, Dec +0.3% m/m and +1.1% y/y.
1215 ETAtlanta Fed President Dennis Lockhart speaks on the economic outlook at Mercer University.
1300 ETSt. Louis Fed President James Bullard speaks to the Exchequer Club in Washington D.C.
1400 ETFed releases minutes from the Jan 28-29 FOMC meeting.
1900 ETSan Francisco Fed President John Williams speaks on the economy to the Money Marketeers of NYU.
JPN0000 ETRevised Japan Dec leading index CI, previous 112.1. Revised Dec coincident index, previous 111.7.
0000 ETBOJ monthly economic report for Feb.
0030 ETJapan Jan nationwide department store sales, Dec +1.7% y/y.
1850 ETJapan Jan trade balance expected -2.487 trillion yen, Dec -1.304 trillion yen. Jan exports expected +12.7% y/y, Dec +15.3% y/y. Jan imports expected +22.7% y/y, Dec +24.7% y/y.
UK0430 ETMinutes of the Feb 5-6 BOE policy meeting.
0430 ETUK Jan jobless claims change expected -20,000, Dec -24,000. Jan claimant count rate expected -0.1 to 3.6%, Dec 3.7%.
0430 ETUK Dec ILO unemployment rate expected unch at 7.1% 3-months through Dec, Nov 7.1% 3-months through Nov. Dec avg weekly earnings expected +1.0% 3-mo avg y/y, Nov +0.9% 3-mo avg y/y. Dec avg weekly earnings ex-bonus expected +1.0% 3o avg y/y, Nov +0.9% 3-mo avg y/y.
EUR0500 ETEurozone Dec construction output, Nov -0.6% m/m and -1.7% y/y.
CHI2045 ETChina Feb HSBC/Markit flash manufacturing PMI expected unch at 49.5, Jan 49.5.
U.S. STOCK CALENDAR02/19/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Devon Energy CorpDVN USBef-mktQ4 2013 Earnings ReleaseQ4 20131.081
Host Hotels & Resorts IncHST US6:00Q4 2013 Earnings ReleaseQ4 20130.313
Garmin LtdGRMN US7:00Q4 2013 Earnings ReleaseQ4 20130.617
Health Care REIT IncHCN US7:30Q4 2013 Earnings ReleaseQ4 20130.974
Edison InternationalEIX US9:00Investor MeetingY 2014
Bank of America CorpBAC US9:30Hearing on Bank of Americas $8.5 billion Accord with Mortgage-Bond Investors
Dover CorpDOV US9:30Analyst DayY 2014
Health Care REIT IncHCN US10:00Q4 2013 Earnings CallQ4 2013
CF Industries Holdings IncCF US10:00Q4 2013 Earnings CallQ4 2013
Host Hotels & Resorts IncHST US10:00Q4 2013 Earnings CallQ4 2013
Garmin LtdGRMN US10:30Q4 2013 Earnings CallQ4 2013
Devon Energy CorpDVN US11:00Q4 2013 Earnings CallQ4 2013
Flowserve CorpFLS US11:00Q4 2013 Earnings CallQ4 2013
Nabors Industries LtdNBR US11:00Q4 2013 Earnings CallQ4 2013
Allegion PLCALLE US17:00Q4 2013 Earnings ReleaseQ4 20130.59
Marriott International Inc/DEMAR US17:00Q4 2013 Earnings ReleaseQ4 20130.494
Safeway IncSWY US17:00Q4 2013 Earnings CallQ4 2013
Williams Cos Inc/TheWMB USAft-mktQ4 2013 Earnings ReleaseQ4 20130.213
Safeway IncSWY USAft-mktQ4 2013 Earnings ReleaseQ4 20130.484
American Electric Power Co IncAEP USRoadshow - Japan - Day 3Y 2014
E*TRADE Financial CorpETFC USJanuary 2014 Sales and Revenue Release - Activities Report2014
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Tuesday, February 18, 2014

MDU Resources Group - Barchart's Chart of the Day

MDU Resources Group (MDU) is the Barchart Chart of the Day.  The diversified energy company has  Trend Spotter buy signal, a Weighted Alpha of 46.00+ and gained 43.51% in the last year plus paid a 2.11% dividend.

The Chart of the Day is MDU Resources Group (MDU). I found the stock by sorting today's New High List for frequency in the last month, skipped the stocks that did not have positive gains for the last week and month, then used the FlipChart feature to review the charts.  Since the Trend Spotter signaled a buy on 12/24 the stock gained 12.97%.

MDU provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated businesses, an exploration and production company and construction companies. MDU includes regulated electric and natural gas utilities and regulated natural gas pipelines and energy services, natural gas and oil production, construction materials and contracting, and construction services.


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:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 12.35% in the last month
  • Relative Strength Index 77.09%
  • Barchart computes a technical support level at 33.53
  • Recently traded at 34.38 with a 50 day moving average of 30.89
Fundamental factors:
  • Market Cap $6.50 billion
  • P/E 22.17
  • Dividend yield 2.11%
  • Revenue predicted to grow 5.30% this year and another 8.50% next year
  • Earnings estimated to increase 3.90% this year, an additional 10.70% next year and continue to increase at an annual rate of 6.60% for the next 5 tears
  • Wall Street analysts issued 3 strong buy, 1 buy and 7 hold recommendations on the stock
  • Financial Strength is A+
Great income stock plus price momentum.  Watch the 50 day moving average for weakness and exit at the 100 day moving average.
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REIT's rule the Mid-Caps Today

Realty and Income stocks rule the Mid-Caps today.  Today's list come from using Barchart to sort the S&P 400 Mid Cap Index for frequency of new highs in the last month.  I skipped the stocks that didn't have positive gains in the last week and month and used the Flipchart feature to find the charts I liked.

Today's list includes Alexandria Real Estate Equities (ARE), MDU Resources Group (MDU), Mid-America Apartment Communities (MAA), Realty Income Corp (O), and Jones Land LaSalle (JLL):

Alexandria Real Estate Equities (ARE)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 9.15% in the last month
  • Relative Strength Index 75.24%
  • Barchart computes a technical support level at 71.14
  • Recently traded at 72.30 with a 50 day moving average of 66.25


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 12.35% in the last month
  • Relative strength Index 77.09%
  • Barchart computes a technical support level at 33.53
  • Recently traded at 34.38 with a 50 day moving average of 30.89


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 8.57% in the last month
  • Relative Strength Index 75.85%
  • Barchart computes a technical support level at 67.13
  • Recently traded at 67.82 with a 50 day moving average of 62.68


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 9.32% in the last month
  • Relative Strength Index 74.59%
  • Barchart computes a technical support level at 41.19
  • Recently traded at 42.00 with a 50 day moving average of 38.95


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 16.79% in the last month
  • Relative Strength Index 80.83%
  • Barchart computes a technical support level at 119.22
  • Recently traded at 121.31 with a 50 day moving average of 106.39
Disclosure:  I own shares in Jones Lang LaSalle (JLL)










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BARCHART MORNING CALL 2/18

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 +0.14%) this morning are down -0.08% and European stocks are down -0.42% after German Feb investor confidence slid more than forecast. Asian stocks closed mixed: Japan +3.13%, Hong Kong +0.23%, China -1.26%, Taiwan +0.43%, Australia +0.18%, Singapore +0.05%, South Korea +0.01%, India +0.83%. Japanese stocks surged over 3% after the BOJ boosted lending programs and pledged to continue easing, while Chinese stocks slumped on fears of PBOC tightening after the central bank drained funds from the financial system. The PBOC conducted a 48 billion yuan ($7.9 billion) of 14-day repurchase contracts, the first time since June that it drained money from the financial system. Commodity prices are mixed. Mar crude oil (CLH14 +0.88%) is up +0.87%. Mar gasoline (RBH14 +0.48%) is up +0.43%. Apr gold (GCJ14 -0.20%) is down -0.32%. March copper (HGH14 +0.37%) is up +0.38%. Agriculture prices are higher. The dollar index (DXY00 +0.03%) is up +0.01%. EUR/USD (^EURUSD) is up +0.16% at a 3-week high. USD/JPY (^USDJPY) is up +0.56% at a 2-week high after the yen weakened when the BOJ boosted lending programs. March T-note prices (ZNH14 +0.09%) are up +4.5 ticks.
The German Feb ZEW survey of expectations for economic growth fell -6.0 to 55.7, a bigger decline than expectations of -0.2 to 61.5. The Feb ZEW survey current situation rose +8.8 to 50. 0, better than expectations of +2.8 to 44.0 and the highest in 2-1/2 years.
The BOJ kept interest rates unchanged as expected, but doubled a lending program to 7 trillion yen ($68 billion) and said individual banks could borrow twice as much low-interest money as previously under a second lending facility. The BOJ also said the loan programs, which were scheduled to expire at the end of March, will be extended for another year.
Japan Q4 GDP rose +0.3% q/q and +1.0% q/q annualized, weaker than expectations of +0.7% q/q and +2.8% q/q annualized. The Q4 GDP deflator fell -0.4% y/y, a faster pace of decline than expectations of -0.2% y/y. Q4 GDP consumer spending rose +0.5% q/q, weaker than expectations of +0.8% q/q and Q4 GDP business spending rose +1.3% q/q, less than expectations of +1.8% q/q.
Eurozone Jan new car registrations rose +5.5% y/y, the fifth consecutive monthly increase.
UK Jan CPI fell -0.6% m/m and rose +1.9% y/y, slower than expectations of -0.5% m/m and +2.0% y/y, with the +1.9% y/y increase the slowest annual gain in 4-1/4 years. The Jan core CPI rose +1.6% y/y, slower than expectations of +1.9% y/y and the smallest increase in 4-1/2 years.
China Jan new yuan loans were +1320.0 billion yuan, more than expectations of +1100.0 billion yuan and the most in 4-years.
U.S. STOCK PREVIEW
Today’s Feb Empire manufacturing index is expected to show a -3.51 point decline to 9.00, reversing part of the +10.29 point increase to 12.51 seen in January. Today’s Feb NAHB housing market index is expected to be unchanged at 56, stabilizing after the -1 point decline to 56 seen in January. There are 12 of the S&P 500 companies that report earnings today: Genuine Parts (consensus 0.91), NiSource (0.47), Duke Energy (0.95), DENTSPLY International (0.61), Medtronic (0.91), Waste Management (0.61), Coca-Cola (0.46), Flowserver (1.05), Nabors Industries (0.20), Fluor (0.98), Analog Devices (0.49), CF Industries (4.41). Equity conferences during the remainder of this week include EnerCom Oil & Services Conference on Tue-Wed, Mitsubishi Tokyo Utility Conference on Tue-Wed, Consumer Analyst Group of New York Conference on Tue-Fri, and Barclays Industrial Select Conference on Wed-Thu.
OVERNIGHT U.S. STOCK MOVERS
Waste Management (WM +0.78%) reported Q4 adjusted EPS of 56 cents, below consensus of 61 cents.
Wolverine World Wide (WWW -0.60%) reported Q4 adjusted EPS of 22 cents, higher than consensus of 20 cents.
Kansas City Southern (KSU -2.60%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan.
Weight Watchers (WTW -27.73%) was downgraded to 'Underweight' from 'Equal Weight' at Barclays.
The WSJ reports that Actavis (ACT +0.13%) is expected to buy Forest Labs (FRX +1.49%) for $89.48 a share in cash and stockin a deal valued at $25 billion.
Medtronic (MDT +0.49%) reported Q3 EPS of 91 cents, right on expectations.
Coca-Cola (KO +0.72%) reported Q4 EPS of 46 cents, right on expectations.
Duke Energy (DUK +0.03%) reported Q4 EPS of $1.00, better than consensus of 95 cents.
NiSource (NI +1.15%) reported Q$ EPS of 47 cents, right on expectations.
Moody's Investors Service has upgraded its outlook on Italy's Baa2 government bond rating to stable from negative.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.14%) this morning are down -1.50 points (-0.08%). The S&P 500 on Friday fell back briefly after U.S. Jan industrial production unexpectedly fell -0.3%, weaker than expectations of +0.2% and the first decline in 6 months, but stocks recovered and pushed up to 3-week highs on speculation that recent weakness in U.S. economic data has been weather related. Stocks also received carry-over support from a rally in European equities after Eurozone Q4 GDP was revised higher. Closes: S&P 500 +0.48%, Dow Jones +0.79%, Nasdaq 100 +0.12%.
Mar 10-year T-notes (ZNH14 +0.09%) this morning are up +4.5 ticks. Mar 10-year T-note futures prices on Friday moved higher after U.S. Jan industrial production unexpectedly declined, but T-note prices fell back and closed lower after Dallas Fed President Fisher said he favors tapering QE at each Fed meeting unless he sees "something truly frightening" in the U.S. economy. Closes: TYH4 -3.50, FVH4 -2.75.
The dollar index (DXY00 +0.03%) this morning is up +0.008 (+0.01%). EUR/USD (^EURUSD) is up +0.0022 (+0.16%) to a 3-week high. USD/JPY (^USDJPY) is up +0.57 (+0.56%) to a 2-week high. The dollar index on Friday posted a 1-1/4 month low and closed lower on signs of a slowdown in the U.S. economy after U.S. Jan industrial production unexpectedly declined for the first time in 6-months. EUR/USD climbed to a 3-week high after Eurozone Q4 GDP was revised higher. Closes: Dollar index -0.187 (-0.23%), EUR/USD +0.00129 (+0.09%), USD/JPY -0.385 (-0.38%).
Mar WTI crude oil (CLH14 +0.88%) this morning is up +87 cents (+0.87%) and Mar gasoline (RBH14 +0.48%) is up +0.0121 (+0.43%). Mar crude and gasoline prices Friday settled mixed. A weak dollar boosted energy prices and Mar gasoline posted a 1-1/2 month high on concern that that shutdowns by refiners for seasonal maintenance will limit gasoline supplies. Crude prices fell back after U.S. Jan industrial production unexpectedly declined, a sign of weak energy demand. Closes: CLH4 -0.05 (-0.05%), RBH4 +0.0281 (+1.01%).
GLOBAL EVENT CALENDAR02/18/2014
US0830 ETFeb Empire manufacturing index expected -3.51 to 9.00, Jan +10.29 to 12.51.
1000 ETFeb NAHB housing market index expected unch at 56, Jan -1 to 56.
1100 ETUSDA weekly grain export inspections.
JPN0100 ETRevised Japan Jan machine tool orders.
2330 ETJapan Dec all-industry activity index expected +0.1% m/m, Nov +0.3% m/m.
n/aBOJ announces interest rate decision.
EUR0200 ETEurozone Jan new car registrations, Dec +13.3% y/y.
UK0430 ETUK Jan CPI expected -0.5% m/m and +2.0% y/y, Dec +0.4% m/m and +2.0% y/y. Jan core CPI, Dec +1.7% y/y.
0430 ETUK Jan RPI expected -0.4% m/m and +2.7% y/y, Dec +0.5% m/m and +2.7% y/y. Jan RPI ex mortgage interest payments, Dec +2.8% y/y.
0430 ETUK Jan PPI input prices expected +0.2% m/m and -2.3% y/y, Dec +0.1% m/m and -1.2% y/y.
0430 ETUK Jan PPI output prices expected unch m/m and +0.7% y/y, Dec unch m/m and +1.0% y/y. Jan PPI output core, Dec +0.1% m/m and +1.0% y/y.
GER0500 ETGerman Feb ZEW survey expectations of economic growth expected -0.2 to 61.5, Jan 61.7. Feb ZEW current situation expected +2.8 to 44.0, Jan 41.2.
U.S. STOCK CALENDAR02/18/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Genuine Parts CoGPC USBef-mktQ4 2013 Earnings ReleaseQ4 20130.912
NiSource IncNI US6:30Q4 2013 Earnings ReleaseQ4 20130.465
Duke Energy CorpDUK US7:00Q4 2013 Earnings ReleaseQ4 20130.951
DENTSPLY International IncXRAY US7:00Q4 2013 Earnings ReleaseQ4 20130.61
Medtronic IncMDT US7:15Q3 2014 Earnings ReleaseQ3 20140.911
Waste Management IncWM US7:30Q4 2013 Earnings ReleaseQ4 20130.605
Coca-Cola Co/TheKO US7:30Q4 2013 Earnings ReleaseQ4 20130.463
Medtronic IncMDT US8:00Q3 2014 Earnings CallQ3 2014
DENTSPLY International IncXRAY US8:30Q4 2013 Earnings CallQ4 2013
NiSource IncNI US9:00Q4 2013 Earnings CallQ4 2013
Coca-Cola Co/TheKO US9:30Q4 2013 Earnings CallQ4 2013
Waste Management IncWM US10:00Q4 2013 Earnings CallQ4 2013
Duke Energy CorpDUK US10:00Q4 2013 Earnings CallQ4 2013
Genuine Parts CoGPC US11:00Q4 2013 Earnings CallQ4 2013
Analog Devices IncADI US17:00Q1 2014 Earnings CallQ1 2014
Flowserve CorpFLS USAft-mktQ4 2013 Earnings ReleaseQ4 20131.054
Nabors Industries LtdNBR USAft-mktQ4 2013 Earnings ReleaseQ4 20130.201
Fluor CorpFLR US17:30Q4 2013 Earnings CallQ4 2013
Fluor CorpFLR USAft-mktQ4 2013 Earnings ReleaseQ4 20130.983
Analog Devices IncADI USAft-mktQ1 2014 Earnings ReleaseQ1 20140.487
CF Industries Holdings IncCF USAft-mktQ4 2013 Earnings ReleaseQ4 20134.41
American Electric Power Co IncAEP USRoadshow - Japan - Day 2Y 2014
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