Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten

Thursday, July 7, 2016

TRENDING STOCKS 7/7

Sym	Name	Last	Change	Percent	High	Low	Volume	Time
SIRI	Sirius XM Holdings I	4.03	+0.04	+1.00%	4.05	3.99	25,749,453	10:29
WWAV	The Whitewave Foods Company	56.35	+8.92	+18.81%	56.82	56.26	25,140,986	10:29
LYG	Lloyds Banking Group Plc	2.67	+0.12	+4.71%	2.67	2.62	23,298,227	10:29
BAC	Bank of America Corp	13.07	+0.21	+1.63%	13.11	12.85	21,394,983	10:29
VRX	Valeant Pharmaceuticals Intl	23.07	+0.01	+0.04%	24.25	22.93	19,341,620	10:29
MU	Micron Technology	12.49	+0.76	+6.48%	12.52	11.89	14,375,688	10:29
FCX	Freeport-Mcmoran Inc	11.11	+0.22	+2.02%	11.41	10.93	13,466,450	10:29
PBR	Petroleo Brasileiro S.A.- Petrobras	7.44	+0.44	+6.29%	7.58	7.24	12,734,513	10:29
AVG	Avg Technologies N.V.	24.70	+5.91	+31.45%	24.87	24.61	8,353,664	10:29
INTC	Intel Corp	33.48	+0.51	+1.55%	33.55	32.96	7,536,691	10:29

MORNING CALL 7/7

MORNING CALL

Thursday, July 7th, 2016View Older Reports

Everything you need to know about the markets in one free daily newsletter.

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU16 -0.12%) are down -0.06% ahead of Jun ADP employment data later this morning and European stocks are up +1.21%. Energy producing stocks higher as crude oil (CLQ16 +1.08%) is up +0.97% after API data released late yesterday showed U.S. crude stockpiles dropped -6.7 million bbl last week. Increased M&A activity is another positive factor for stocks with Danone up 7% after it agreed to buy WhiteWave Foods for about $10 billion. EUR/USD fell -0.20% and gains in European stocks were limited after German May industrial production unexpectedly declined by the most in 1-3/4 years. Asian stocks settled mixed: Japan -0.67%, Hong Kong +1.03%, China -0.01%, Taiwan +0.76%, Australia +0.59%, Singapore -0.09%, South Korea +1.13%, India +0.13%.

The dollar index (DXY00 -0.02%) is down -0.03%. EUR/USD (^EURUSD) is down -0.20%. USD/JPY (^USDJPY)is down -0.17%.

Sep T-note prices (ZNU16 -0.05%) are unchanged.

German May industrial production unexpectedly fell -1.3% m/m, weaker than expectations of +0.1% m/m and the biggest decline in 1-3/4 years.

UK May industrial production fell -0.5% m/m and rose +1.4% y/y, stronger than expectations of -1.0% m/m and +0.5% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Jun Challenger job cuts (May -26.5% y/y), (2) June ADP employment change (expected +160,000, May +173,000), (3) weekly initial unemployment claims (expected -1,000 to 267,000, previous +10,000 to 268,000) and continuing claims (expected unch at 2.120 million, previous 20,000 to 2.120 million), and (4) EIA Weekly Petroleum Status Report.

Russell 1000 companies reporting earnings today: PepsiCo (consensus $1.29).

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

Equity conferences this week include: none.

OVERNIGHT U.S. STOCK MOVERS

First Solar (FSLR +2.85%) slipped 3% in pre-market trading after it was downgraded to 'Hold' from 'Buy' at Deutsche Bank.

WhiteWave Foods (WWAV +0.94%) jumped 18% in pre-market trading after Danone agreed to buy the company for about $10 billion.

Endologix (ELGX +2.49%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital Markets.

Depomed (DEPO +3.79%) was downgraded to 'Neutral' from 'Buy' at UBS.

Red Hat (RHT +1.25%) was downgraded to 'Equalweight' from 'Overweight' at Morgan Stanley.

Pepsico (PEP -0.47%) reported Q2 EPS of $1.35, better than consensus of $1.29.

Plains GP Holdings LP (PSGP unch) was downgraded to 'Hold' from 'Buy' at Evercore ISI.

Seagate Technology (STX +1.55%) gained almost 2% in after-hours trading after the company announced that Mark Long will become CFO in addition to his current role as chief strategy officer.

Time Warner (TWX +0.93%) was rated a new 'Buy' at Brean Capital with a 12-month price target of $90.

Western Digital (WDC +1.65%) climbed nearly 3% in after-hours trading after it reported preliminary Q4 adjusted EPS of 72 cents, above a previous forecast of 65 cents-70 cents.

CBS Corp. (CBS +0.77%) was rated a new 'Buy' at Brean Capital with a 12-month price target of $65.

MARKET COMMENTS

September E-mini S&Ps (ESU16 -0.12%) this morning are down -1.25 ponts (-0.06%). Wedneday's closes: S&P 500 +0.54%, Dow Jones +0.44%, Nasdaq +0.77%. The S&P 500 on Wednesday rebounded from early losses and closed higher on the +3.6 point increase in the U.S. Jun ISM non-manufacturing index to 56.5, stronger than expectations of +0.4 to 53.3 and the fastest pace of expansion in 7 months. Stocks were also boosted by a rally in drug companies that lifted the health-care sector.

Sep 10-year T-note prices (ZNU16 -0.05%) this morning are unchnaged. Wedneday's closes: TYU6 -7.00. FVU6 -4.25. Sep T-notes on Wednesday fell back from a 3-1/2 year nearest-futures high and closed lower on signs of economic strength after the U.S. Jun ISM non-manufacturing index expanded at the fastest pace in 7 months (+3.6 to 56.5). T-notes were also undercut by reduced safe-haven demand after the S&P 500 rebounded from early losses and moved higher. T-notes found support from carryover support from rallies in German bunds and UK gilts to all-time highs and from dovish comments from Fed Governor Tarullo who said that inflation and unemployment haven't yet reached levels that would justify an interest rate hike.

The dollar index (DXY00 -0.02%) this morning is down -0.032 (-0.03%). EUR/USD (^EURUSD) is down -0.0022 (-0.20%). USD/JPY (^USDJPY) is down-0.17 (-0.17%). Wedneday's closes: Dollar Index -0.113 (-0.12%), EUR/USD +0.0024 (+0.22%), USD/JPY -0.42 (-0.41%). The dollar index on Wednesday fell back from a 1-week high and closed lower on weakness in USD/JPY, which fell to a 1-week low, and on dovish comments from Fed Governor Tarullo who said that inflation and unemployment haven't yet reached levels that would justify an interest rate increase. The dollar index was boosted by weakness in GBP/USD which fell to a fresh 31-year low, and by the stronger-than-expected U.S. Jun ISM non-manufacturing index.

Aug WTI crude oil (CLQ16 +1.08%) this morning is up +46 cents (+0.97%). Aug gasoline (RBQ16 +2.13%) is up +0.0313 (+2.18%). Wedneday's closes: CLQ6 +0.83 (+1.78%), RBQ6 +0.0042 (+0.29%). Aug crude oil and gasoline on Wednesday closed higher as Aug crude recovered from a 1-week low and Aug gasoline rebounded from a 2-3/4 month low. Crude oil prices were boosted by a weaker dollar and by expectations that Thursday's weekly EIA report will show that U.S. crude inventories fell -2.5 million bbl.

GLOBAL EVENT CALENDAR07/07/2016

		Thursday, July 7, 2016
US	0730 ET	Jun Challenger job cuts, May -26.5% y/y.
	0815 ET	Jun ADP employment change expected +160,000, May +173,000.
	0830 ET	Weekly initial unemployment claims expected -1,000 to 267,000, previous +10,000 to 268,000. Weekly continuing claims expected unch at 2.120 million, previous -20,000 to 2.120 million.
	1100 ET	EIA Weekly Petroleum Status Report.
	1100 ET	Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion), and 30-year T-bonds (previous $12 billion) to be auctioned Jul 11-13.
		Friday, July 8, 2016
US	0830 ET	Jun non-farm payrolls expected +180,000, May +38,000. Jun private payrolls expected +170,000, May +25,000. Jun manufacturing payrolls expected -1,000, May 10,000. Jun unemployment rate expected +0.1 to 4.8%, May -0.3 to 4.7%.
	0830 ET	Jun avg hourly earnings expected +0.2% m/m and +2.7% y/y, May +0.2% m/m and +2.5% y/y. Jun avg weekly hours all employees expected unch at 34.4 hours, May unch at 34.4 hours.
	0830 ET	USDA weekly Export Sales.
	1500 ET	May consumer credit expected +$16.250 billion, Apr +$13.416 billion.
	n/a	G-20 trade ministers meet in Shanghai.
JPN	0030 ET	Japan Jun bankruptcies, May -7.32% y/y.
	0100 ET	Japan Jun eco watchers survey outlook expected -0.6 to 46.7, May 47.3. Jun eco watchers survey current expected +0.1 to 43.1, May 43.0.
GER	0200 ET	German May trade balance expected +23.5 billion euros, Apr +25.7 billion euros. May exports expected +0.4% m/m, Apr +0.1% m/m. May imports expected +0.7% m/m, Apr -0.3% m/m.
	0200 ET	German May current account balance expected +24.6 billion euros, Apr +28.8 billion euros.
UK	0430 ET	UK Q1 unit labor costs expected +1.6% y/y, Q4 +1.3% y/y.

U.S. STOCK CALENDAR07/07/2016

Company	Ticker	Time	Event Description	Period	Estimate
PepsiCo Inc	PEP US	6:30	Q2 2016 Earnings Release	Q2 2016	1.294
Fastenal Co	FAST US	7:00	June 2016 Sales and Revenue Release	2016
L Brands Inc	LB US	7:30	June 2016 Sales and Revenue Call	2016
PepsiCo Inc	PEP US	8:00	Q2 2016 Earnings Call	Q2 2016
Gap Inc/The	GPS US	16:15	June 2016 Sales and Revenue Release	2016
L Brands Inc	LB US		June 2016 Sales and Revenue Release	2016
Healthcare Trust of America Inc	HTA US		Annual General Meeting

Wednesday, July 6, 2016

American Homes 4 Rent - Chart of the Day

American Homes 4 Rent (AMH) is the Barchart Chat of the Day. The single family residence REIT has a Trend Spotter buy signal, a Weighted Alpha of 38.84+ and gained 25.93% in the last year.

The Chart of the Day belongs to America Homes 4 Rent (AMH). I found the single residence REIT by using Barchart to sort today's All Time High list first for the most frequent number of new highs this month, then again for technical buy signals of 80% or more. I always use the Flipchart feature to review the charts.

American Homes 4 Rent is an internally managed real estate investment trust. It is focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. It rents residential properties primarily in Arizona, California, Florida, Georgia, and Nevada. American Homes 4 Rent is based in Malibu, California.

The status of 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% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 16.19% in the last month
Relative Strength Index 82.15%
Technical support level at 20.36
Recently traded at 20.75 with a 50 day moving average of 18.03

Fundamental factors:

Market Cap $5.02 billion
Dividend yield .97%
Revenue expected to grow 36.40% this year and another 8.40% next year
Earnings estimated to increase 29.20% this year, an additional 14.00% next year and continue to compound at an annual rate of 8.00% for the next 5 years
Wall Street analysts issued 3 strong buy, 1 buy and 5 hold recommendation on the stock

5 Large Caps for Momentum Investors

This morning I wanted to see which Large Cap stocks had the most consistent upward momentum so I used Barchart to sort the S&P 500 Large Index stocks to see which one had the most frequent new highs in the last month. Today's Watch List includes:

Macerich (MAC), Waste Management (WM), Clorox (CLX), American Water Works (AWK) and Duke Energy (DUK)

Macerich (MAC)

Barcart technical indicators:

88% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 12.25% in the last month
Relative Strength Index 81.66%
Technical support level at 84.33
Recently traded at 86.67 with a 50 day moving average of 78.40

Waste Management (WM)

Barchart technical indicators:

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 9.11% in the last month
Relative Strength Index 85.66
Technical sport level at 63.57
Recently traded at 67.07 with a 50 day moving average of 61.65

Clorox (CLX)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 7.50% in the last month
Relative Strength Index 68.86%
Technical support level at 136.36
Recently traded at 139.03 with a 50 day moving average of 131.27

American Water Works (AWK)

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 10.51% in the last month
Relative Strength Index 74.31%
Technical support level at 83.16
Recently traded at 83.80 with a 50 day moving average of 76.38

Duke Energy (DUK)

Barchart technical indicators:

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 8.55% in the last month
Relative Strength Index 78.34%
Technical support level at 85.11
Recently traded at 86.93 with a 50 day moving average of 80.33

Trend Stocks 7/6


BAC	Bank of America Corp	12.74	-0.36	-2.75%	12.94	12.63	98,233,203	07/05/16
SIRI	Sirius XM Holdings I	3.94	-0.03	-0.76%	3.96	3.92	60,212,199	07/05/16
LYG	Lloyds Banking Group Plc	2.74	-0.23	-7.74%	2.77	2.71	48,542,199	07/05/16
FCX	Freeport-Mcmoran Inc	10.50	-0.85	-7.49%	11.18	10.34	38,150,301	07/05/16
MU	Micron Technology	11.91	-0.59	-4.72%	12.45	11.80	37,295,000	07/05/16
T	AT&T Inc	43.35	-0.12	-0.28%	43.89	43.33	35,580,500	07/05/16
WLL	Whiting Petroleum Corp	8.44	-1.22	-12.63%	9.23	8.31	35,141,000	07/05/16
GE	General Electric Company	31.45	-0.04	-0.13%	31.53	31.12	32,360,398	07/05/16
CHK	Chesapeake Energy Corp	4.30	-0.29	-6.32%	4.42	4.13	31,795,799	07/05/16
KGC	Kinross Gold Corp

MORNING CALL 7/6

MORNING CALL

Wednesday, July 6th, 2016View Older Reports

Everything you need to know about the markets in one free daily newsletter.

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU16 -0.61%) are down -0.67% and European stocks are down sharply by -2.09% on concern the fallout from Brexit will slow global economic growth. Late Tuesday, New York Fed President Dudley warned that the risks from Brexit could escalate if it triggers turmoil beyond the UK. A decline in European bank stocks is leading the overall market lower after BlackRock downgraded European stocks to underweight, with a negative view on the Eurozone banking sector due to fallout from Brexit. European stocks were also undercut after German May factory orders came in weaker than expected. On the positive side, mining stocks and gold producers are higher as the price of gold (GCQ16 +1.22%) rose to a 2-1/3 year high. GBP/USD is down -0.27% to a fresh 31-year low, while global government bond yields fell further into uncharted territory. The German 10-year bund yield slid to a record low of -0.205%, the UK 10-year gilt yield fell to a record low 0.729% and the U.S. 10-year T-note yield dropped to a record low 1.318%. Asian stocks settled mostly lower: Japan -1.85%, Hong Kong -1.23%, China +0.36%, Taiwan -1.61%, Australia -0.58%, South Korea -2.05%, Singapore and India closed for holiday. China's Shanghai Composite rallied to a 2-1/2 month high on speculation the government will boost measures to spur economic growth in the wake of the fallout from Brexit. Japan's Nikkei Stock Index fell to a 1-week low as exporter stocks declined after USD/JPY slid to a 1-week low, which reduces the earnings prospects of exporters.

The dollar index (DXY00 +0.04%) is down -0.05%. EUR/USD (^EURUSD) is down -0.05%. USD/JPY (^USDJPY) is down -1.39% at a 1-week low.

Sep T-note prices (ZNU16 +0.18%) are up +7.5 ticks at a 3-1/2 year nearest-futures high.

BOE Governor Carney warned that the risks from Brexit have started to crystalize and "there is the prospect of a material slowing of the economy and that the number of vulnerable households could increase due to a tougher economic outlook."

German May factory orders were unch m/m and -0.2% y/y, weaker than expectations of +1.0% m/m and +0.9% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -2.6% with purchase sub-index -3.0% and refi sub-index -2.4%), (2) May trade balance (expected -$40.0 billion, Apr -$37.4 billion), (3) Fed Governor Daniel Tarullo speaks at an event in Washington D.C. on financial regulation and monetary policy, (4) revised Jun Markit U.S. services PMI (expected unchanged at 51.3, prelim-Jun unch at 51.3), (5) Jun ISM non-manufacturing PMI (expected +0.4 to 53.3, May -2.8 to 52.9), and (6) minutes of the June 14-15 FOMC meeting.

Russell 1000 companies reporting earnings today: Walgreens Boots Alliance (consensus $1.14), MSC Industrial Direct (1.00).

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

Equity conferences this week include: none.

OVERNIGHT U.S. STOCK MOVERS

Netflix (NFLX +1.28%) fell over 2% in pre-market trading after it was downgraded to 'Underperform' from 'Hold' at Jeffries on subscriber growth concerns,

Royal Gold (RGLD +0.44%) was upgraded to 'Buy' from 'Neutral' at Dundee with a 12-month price target of $85.

Teledyne Technologies (TDY -1.64%) was downgraded to 'Neutral' from 'Buy' at CL King with a 12-month target price of $107.

Dow Chemical (DOW -1.57%) was downgraded to 'Underperform' from 'Outperform' at CLSA.

U.S. Steel (X -3.45%) was upgraded to 'Hold' from 'Sell' at Deutsche Bank.

Harley Davidson (HOG -10.84%) was downgraded to 'Neutral' from 'Buy' at UBS.

Newmont Mining (NEM +0.10%) and Coeur Mining (CDE +1.24%) both are up over 2% in pre-market trading as the price of gold climbed to a 2-1/3 year high.

Biogen (BIIB -1.24%) rose over 1% in after-hours trading on positive carryover from Tuesday's decision by the European Commission to approve Biogen and Abbvie's Zinbryta for treating relapsing forms of multiple sclerosis.

Ventas (VTR +0.83%) said it will acquire a group of medical and life-science properties from Blackstone Group LP for $1.5 billion.

Comcast (CMCSA -0.41%) dropped over 1% in after-hours trading on negative carryover from Tuesday's session when the company said it will incorporate Netflix's web-streaming services from Comcast cable boxes.

Tesla (TSLA -1.16%) slid over 1% in after-hours trading after the Detroit Free Press reported a Tesla Model X was in Autopilot mode when it crashed and rolled over on the Pennsylvania Turnpike on July 1.

Medivation (MDVN +2.73%) gained over 1% in after-hours trading after Reuters reported that it is in talks with Sanofi and other companies after it recently rejected a raised bid from Sanofi.

MARKET COMMENTS

September E-mini S&Ps (ESU16 -0.61%) this morning are down -14.00 points (-0.67%). Tuesday's closes: S&P 500 -0.68%, Dow Jones -0.61%, Nasdaq -0.60%. The S&P 500 on Tuesday closed lower on concern about Brexit fallout after Standard Life Investments suspended trading in its 2.9 billion pound ($3.9 billion) fund after seeing a surge in redemption requests. Stocks were also undercut by weakness in energy producers after crude oil prices plunged -4.9%.

Sep 10-year T-note prices (ZNU16 +0.18%) this morning are up +7.5 ticks at a 3-1/2 year nearest-futures high. Tuesday's closes: TYU6 +26.00. FVU6 +11.00. Sep T-notes on Tuesday rose to a 1-week high and closed higher, while the 10-year T-note yield fell to an all-time low of 1.354%. T-note prices were boosted by increased safe-haven demand with the sell-off in stocks and by carryover support from a rally in UK gilts and German bunds to all-time highs. T-note also received a boost from the slightly weaker-than-expected U.S. May factory orders of -1.0% (versus expectations of -0.9%).

The dollar index (DXY00 +0.04%) this morning is down -0.052 (-0.05%). EUR/USD (^EURUSD) is down -0.0006 (-0.05%). USD/JPY (^USDJPY) is down -1.41 (-1.39%) at a 1-week low. Tuesday's closes: Dollar Index +0.517 (+0.54%), EUR/USD -0.0078 (-0.70%), USD/JPY -0.82 (-0.80%). The dollar index on Tuesday recovered from a 1-week low and closed higher on the decline in GBP/USD to a 31-year low and on weakness in EUR/USD on concern over contagion of the Brexit crisis to the rest of Europe. The dollar was undercut by safe-haven demand for the yen as USD/JPY fell to a 1-week low.

Aug WTI crude oil (CLQ16 -1.33%) this morning is down -59 cents (-1.27%) at a 1-week low. Aug gasoline (RBQ16 -3.12%) is down -0.0360 (-2.52%) at a 2-3/4 month low. Tuesday's closes: CLQ6 -2.39 (-4.88%), RBQ6 -0.0848 (-5.60%). Aug crude and gasoline on Tuesday closed sharply lower with Aug gasoline at a 2-1/2 month low. Crude oil prices were undercut by the stronger dollar and by news that OPEC June oil production rose +240,000 bpd to a 5-month high of 32.88 million bpd.

GLOBAL EVENT CALENDAR07/06/2016

		Wednesday, July 6, 2016
US	0700 ET	Weekly MBA mortgage applications, previous -2.6% with purchase sub-index -3.0% and refi sub-index -2.4%.
	0830 ET	May trade balance expected -$40.0 billion, Apr -$37.4 billion.
	0900 ET	Fed Governor Daniel Tarullo speaks at an event in Washington D.C. on financial regulation and monetary policy.
	0945 ET	Revised Jun Markit U.S. services PMI expected unchanged at 51.3, prelim-Jun unch at 51.3. Revised Jun Markit composite PMI, prelim-June +0.3 to 51.2.
	1000 ET	Jun ISM non-manufacturing PMI expected +0.4 to 53.3, May -2.8 to 52.9.
	1400 ET	Minutes of the Jun 14-15 FOMC meeting.
		Thursday, July 7, 2016
US	0730 ET	Jun Challenger job cuts, May -26.5% y/y.
	0815 ET	Jun ADP employment change expected +160,000, May +173,000.
	0830 ET	Weekly initial unemployment claims expected unch at 268,000, previous +10,000 to 268,000. Weekly continuing claims expected-10,000 to 2.110 million, previous 20,000 to 2.120 million.
	1100 ET	EIA Weekly Petroleum Status Report.
	1100 ET	Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion), and 30-year T-bonds (previous $12 billion) to be auctioned Jul 11-13.
JPN	0100 ET	Japan May leading index CI expected unch at 100.00. May coincident index expected -1.7 to 110.3, Apr 112.0.
	2000 ET	Japan May labor cash earnings expected +0.5% y/y, Apr unch y/y. May real cash earnings, Apr +0.4% y/y.
GER	0200 ET	German May industrial production expected +0.1% m/m and +1.5% y/y, Apr +0.8% m/m and +1.2% y/y.
UK	0330 ET	UK Jun Halifax house prices expected +0.3% m/m and +7.8% 3-mo/y/y, May +0.6% m/m and +9.2% 3-mo/y/y.
	0430 ET	UK May industrial production expected -1.0% m/m and +0.5% y/y, Apr +2.0% m/m and +1.6% y/y.
	0430 ET	UK May manufacturing production expected -1.2% m/m and +0.4% y/y, Apr +2.3% m/m and +0.8% y/y.

U.S. STOCK CALENDAR07/06/2016

Company	Ticker	Time	Event Description	Period	Estimate
MSC Industrial Direct Co Inc	MSM	Bef-mkt	Q3 2016 Earnings Release	Q3 2016	1.003
Walgreens Boots Alliance Inc	WBA	7:00	Q3 2016 Earnings Release	Q3 2016	1.138
Walgreens Boots Alliance Inc	WBA	8:30	Q3 2016 Earnings Call	Q3 2016
MSC Industrial Direct Co Inc	MSM	8:30	Q3 2016 Earnings Call	Q3 2016
Medivation Inc	MDVN	16:30	Business Update Call
Costco Wholesale Corp	COST	21:00	June 2016 Sales and Revenue Release	2016

Tuesday, July 5, 2016

Clorox - Chart of the Day

Clorox (CLX) it the Barchart Chart of the Day. the household products company has a Trend Spotter buy signal, a Weighted Alpha of 28.86+, gained 31.21% in the last year and paid a 2.23 dividned.

The Chart of the Day belongs to Clorox (CLX). I found the household products stock by using Barchart to sort today's All Time High list fist for the most frequent new highs in the last month, then again for technical buy signals of 80% or better. I always use the Flipchart feature to review the charts for consistenecy.

Clorox Company's business operations, represented by the aggregate of its U.S. Household Products and Canada, U.S. Specialty Products and International segments, include the production and marketing of non-durable consumer products sold primarily through grocery and other retail stores.

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 7.17% in the last month
Relative Strength Index 69.85%
Technical support level at 136.36
Recently traded at 139.24 with a 50 day moving average of 130.96

Fundamentla factors:

Market Cap $18.02 billion
P/E 27.08
Dividend yield 2.23%
Revenue expected to grow 1.70% this year an another 4.10% next year
Earnings estimated to increase 8.30% this year, an additional 5.50% next year and continue to compound at an annual rate of 7.10% for the next 5 years
Wall Street analysts issued 1 strong buy, 10 hold and 5 under perform recommendations on the stock