Federal Agricultural Mortgage - Chart of the Day

Federal Agricultural Mortgage (AGM) is the Barchart Chart of the Day.  The secondary rural mortgage company has a Trend Spotter buy signal, a Weighted Alpha of 125.77+ and gained 93.44% in the last year.

The Chart of the Day belongs to Federal Agricultural Mortgage (AGM) also know as Farmer Mac.  I found the Federally chartered secondary rural mortgage stock by using Barchart to sort today's All Time High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more.  Since the Trend spotter signaled a buy in 11/10 the stock gained 26.12%.

The Federal Agricultural Mortgage Corporation `Farmer Mac` is a federally chartered instrumentality of the United States that was created to establish a secondary market for agricultural real estate and rural housing mortgage loans.

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:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 3.76% in the last month
• Relative Strength index 64.07%
• Technical support level at 57.95
• Recently traded at 59.53 with a 50 day moving average of 53.05

Fundamental factors:

• Market Cap $605 million
• P/E 11.82
• Dividend yield 1.80%
• Revenue expected to grow 5.10% this year and another 5.00% next year
• Earnings estimated to increase 20.30% this year, an additional 3.80% next year and continue to compound at an annual rate of 8.00% for the next 5 years
• Wall Street analysts issued 1 buy and 2 hold recommendations on the stock

5 Mid Caps for Momentum Investors

I wanted to find 5 Mid Caps with great current momentum so I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  Today's Watch List includes:

AMC Networks (AMCX), PNM Resources (PNM), Timken (TKR), Aspen Insurance (AHL) and Huntington Ingalls Industries (HII).

AMC Networks (AMCX)

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 7.60% in the last month
• Relative Strength Index 63.99%
• Technical support level at 55.24
• Recently traded at 56.18 with a 50 day moving average of 52.94

PNM Resources (PNM)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 4.77%
• Relative Strength Index 61.07%
• Technical support level at 33.88
• Recently traded at 34.62 with a 50 day moving average of 32.95

Timken (TKR)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 9.92% in the last month
• Relative Strength Index 71.75%
• Technical support level at 41.55%
• Recently traded at 43.10 with a 50 day moving average of 52.51

Aspen Insurance (AHL)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 4.67% in the last month
• Relative Strength Index 67.26%
• Technical support level at 55.13
• Recently traded at 55.98 with a 50 day moving average of 52.51

Huntington Ingalls Industries (HII)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 4.51% in the last month
• Relative Strength Index 58.24%
• Technical support level at 189.65
• Recently traded at 191.15 with a 50 day moving average of 178.01

Shopify - Chart of the day

Shopify (SHOP) is the Barchart Chart of the Day.  The software company has a Trend Spotter buy signal, a Weighted Alpha of 129.55+ and gained 91.58% in the last year.

The Chart of the Day belongs to Shopify (SHOP).  I found the software stock by using Barchart to sort today's All Time High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 1/4 the stock gained 8.74%.

Shopify Inc. offers cloud-based commerce platform. The Company's platform provides merchants to design, set up and manage their stores through Web, mobile, social media, brick-and-mortar locations and pop-up shops. Shopify Inc. is based in Ottawa, Canada.

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:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 13.12% in the last month
• Relative Strength Index 69.23%
• Technical support level at 46.74
• Recently traded at 48.00 with a 50 day moving average of 42.99

Fundamental factors:

• Market Cap $3.6 billion
• Revenue expected to grow 85.50% this year and another 47.70% next year
• Earnings estimated to increase 64.30% next year and continue to compound at an annual rate of 12.43% for the next 5 years
• Wall Street analysts issued 11 buy and 5 hold recommendation on the stock

5 Large Caps for Momentum Investors

This morning I wanted to find 5 Large Cap stocks with consistent upside momentum.  I used Barchart to sort the S&P 500 Large Cap Index stocks first for the highest number of new highs in the last month, then again for technical buy signals of 80% or more.  Today's Watch List includes:

Arthur J Gallagher (AJG), Charles Schwab (SCHW), Total Systems (TSS), Altria Group (MO) and Apple (AAPL).

Arthur J Gallagher (AJG)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 3.23% in the last month
• Relative Strength Index 58.42%
• Technical support level at 52.13
• Recently traded at 52.40 with a 50 day moving average of 50.70

Charles Schwab (SCHW)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 4.58% in the last month
• Relative Strength Index 66.34%
• Technical support level at 40.76
• Recently traded at 41.12 with a 50 day moving average of 37.57

Total Systems (TSS)

Barchart technical indicators:

• 100%  technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 7.55% in the last month
• Relative Strength Index 71.68%
• Technical support level at 53.00
• Recently traded at 53.40 with a 50 day moving average of 49.95

Altria Group (MO)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 2.54% in the last month
• Relative Strength Index 62.59%
• Technical support level at 67.76
• Recently traded at 67.95 with a 50 day moving average of 65.45

Apple (AAPL)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 4.36% in the last month
• Relative Strength Index 69.84%
• Technical support level at 118.14
• Recently traded at 118.99 with a 50 day moving average of 112.94

MORNING CALL 1/10

Barchart Morning Call

Barchart.com - 1 hour ago

OVERNIGHT MARKETS AND NEWS

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

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

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

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

U.S. STOCK PREVIEW

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

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

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

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

OVERNIGHT U.S. STOCK MOVERS

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

MARKET COMMENTS

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

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

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

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

GLOBAL EVENT CALENDAR01/10/2017

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

U.S. STOCK CALENDAR01/10/2017

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

Coherent - Chart of the Day

Coherent (COHR) is the Barchart Chart of the Day.  The analytical instrument company has a Trend Spotter buy signal, a Weighted Alpha of 124.26+ and gained 137.89% in the last year.

The Chart of the Day is Coherent (COHR).  I found the analytical instrument stock by using Barchart to sort today's All Time High list first by the highest Weighted Alpha, then again by technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy in 11/4 the stock gained 24.72%.

Coherent designs, manufactures, and supplies electro-optical systems and medical instruments utilizing laser, precision optic and microelectronic technologies. Co. integrates these technologies into a wide variety of products and systems designed to meet the productivity and performance needs of customers. Major markets include the scientific research community; medical institutions, clinics and private practices; lasers also support commercial applications, ranging from semiconductors and disk mastering to light shows and entertainment.

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:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 8.32% in the last month
• Relative Strength Index 64.63%
• Technical support level at 136.89
• Recently traded at 144.27 with a 50 day moving average of 128.58

Fundamental factors:

• Market Cap $3.4 billion
• P/E 33.37
• Revenue expected to grow 72.70% this year and another 12.00% next year
• Earnings estimated to increase 67.80$ this year, an additional 21.80% next year and continue to increase at an annual rate of 12.50% for the next 5 years
• Wall Street analysts issued 3 buy recommendations on the stock

Empresa Distribuidora Y Comercialzadora Norte SA - Chart of the Day

Empresa Distribuidora Y Comercialzadora Notre SA (EDN) is the Barchart Chart of the Day.  The South American electric utility as a Trend Spotter buy signal, a Weighted Alpha of 118.90+ and gained 82.06% in the last year.

The Chart of the Day belongs to Empresa Distribuidora Y Comercialzadora Norte SA (EDN). I found the South American electric utility buy using Barchart to sort today's All Time High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 12/30 the stock gained 13.25%.

The Company is the largest electricity distribution company in Argentina in terms of number of customers and electricity sold (both in GWh and Pesos). Through a concession, Edenor distributes electricity exclusively to the northwestern zone of the greater Buenos Aires metropolitan area and the northern part of the city of Buenos Aires, which has a population of approximately 7 million people and an area of 4,637 sq. km.

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:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 14.43% in the last month
• Relative Strength Index 75.46%
• Technical support level at 29.84
• Recently traded at 31.67 with a 50 day moving average of 26.87

Fundamental factors:

• Market Cap $1.4 billion
• Revenue expected to grow 196.00% this year and another 62.50% next year
• Earnings estimated to increase 343.80% this year
• Wall Street analysts issued 3 strong buys on the stock

Texas Pacific Land Trust = Chart of the Day

Texas Pacific Land Trust (TPL) is the Barchart Chart of the Day.  The oil royalty trading firm has a Trend Spotter buy signal, a Weighted Alpha of 181.36+ and gained 159.44% in the last year.

The Chart of the Day belongs to Texas Pacific Land Trusts (TPL).  I found the oil royalty trader by using Barchart to sort today's All Time High list first for the highest Weighted Alpha then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 11/15 the stock gained 14.39%.

Texas Pacific Land Trust 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.

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:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 10.02% in the last month
• Relative Strength Index 76.23%
• Technical support level at 301.61
• Recently traded at 326.40 with a 50 day moving average of 288.93

Fundamental factors:

• Market Cap $2.4 billion
• P/E 68.40
• Dividend yield .10%
• At the present time no Wall Street analysts is making projections on the stock
• The individual investors on Motley Fool that follow the stock voted 97 to 7 for the stock to beat the market

Morning Call 1/5

Barchart Morning Call

Barchart.com - 51 minutes ago

OVERNIGHT MARKETS AND NEWS

Mar E-mini S&Ps (ESH17 -0.20%) are down -0.03% and European stocks are up +0.14%. U.S. stock futures are being dragged lower by weakness in retailers with Kohl’s down 13% and Macy's down 10% in pre-market trading after both companies cut their 2017 EPS forecasts. Losses were limited as energy producers rose with Feb WTI crude oil (CLG17 +0.79%) up +0.94% after the API reported late Wednesday that U.S. crude supplies fell -7.43 million bbl last week. Feb COMEX gold (GCG17 +0.82%) is up +0.64% at a 3-week high and the German 10-year bund yield climbed to a 2-week high on increased price pressures after Eurozone Nov producer prices posted their first year-on-year increase in more than 3 years. Asian stocks settled mixed: Japan -0.37%, Hong Kong +1.46%, China +0.21%, Taiwan +0.77%, Australia +0.30%, Singapore +1.12%, South Korea -0.43%, India +0.92%. Japan's Nikkei Stock Index closed lower as exporter stocks sold-off after USD/JPY fell to a 3-week low, which reduces exporters' earnings prospects. China's Shanghai Composite climbed to a 3-week high on signs of strength in the Chinese economy after a gauge of growth in the service sector last month expanded at the fastest pace in 17 months.

The dollar index (DXY00 -0.43%) is down -0.31% at a 3-week low. EUR/USD (^EURUSD) is up +0.07%. USD/JPY (^USDJPY) is down -0.43% at a 3-week low.

Mar 10-year T-note prices (ZNH17 +0.13%) are up +3.5 ticks at a 3-week high.

The China Dec Caixin services PMI rose +0.3 to 53.4, the fastest pace of expansion in 17 months.

Eurozone Nov PPI unexpectedly rose +0.1% y/y, stronger than expectations of -0.1% y/y and the first year-on-year increase in 3-1/3 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Dec Challenger job cuts (Nov -13.0% y/y), (2) Dec ADP employment (expected +175,000, Nov +216,000), (3) weekly initial unemployment claims (expected -5,000 to 260,000, previous -10,000 to 265,000) and continuing claims (expected -51,000 to 2.051 million, previous +63,000 to 2.102 million), (4) revised Dec Markit services PMI (prelim-Dec -1.2 to 53.4), (5) Dec ISM non-manufacturing index (expected -0.5 to 56.7, Nov +2.4 to 57.2), (6) EIA Weekly Petroleum Status Report.

Russell 1000 earnings reports today include: Monsanto (consensus $0.02), Walgreens (1.09), Constellation Brands (1.72), RPM International (0.61).

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

Equity conferences this week include: Citi Global Internet, Media and Telecommunications Conference on Tue-Thu, Goldman Sachs CEOs Unplugged Conference on Thu, J.P. Morgan CES Tech Forum on Thu, JP Morgan Chase & Co., Inc. International Tech Forum on Thu.

OVERNIGHT U.S. STOCK MOVERS

Macy's (M +1.73%) sank almost 10% in pre-market trading after it cut its 2017 EPS forecast to $2.95-$3.10 from a prior view of $3.15-$3.40 and said it plans to close 68 stores and cut 6,200 jobs.

Kohl's (KSS +4.22%) tumbled over 13% in pre-market trading after it said comparable same-store sales fell -2.1% y/y in the fiscal months of November and December combined, and then it cut its 2017 adjusted EPS forecast to $3.60-$3.65 from a November 10 estimate of $3.80-$4.00.

Adobe Systems (ADBE +0.64%) was rated a new 'Outperform' at BMO Capital Markets with a target price of $125.

McKesson (MCK +0.78%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan Chase with an 18-month target price of $169.

Helix Energy Solutions Group (HLX +3.53%) sank 10% in after-hours trading after it proposed an offering of 21 million shares of common stock.

Buffalo Wild Wings (BWLD +1.32%) was downgraded to 'Neutral' from 'Outperform' at Wedbush with a price target of $155.

Mistras Group (MG +2.41%) slumped 10% in after-hours trading after it reported Q2 EPS of 26 cents, below consensus of 31 cents.

Kilroy Realty (KRC +1.48%) slid 3% in after-hours trading after it commenced an offering of 3.5 million shares of common stock.

Hudson Pacific Properties (HPP +1.23%) lost 1% in after-hours trading after holders offered 18.7 million shares of stock.

Alexion Pharmaceuticals (ALXN +3.65%) rallied over 3% in after-hours trading after a board audit committee concluded that it sees no need to restate financial results after investigating a claim made by a former employee about Soliris sales and practices.

Moelis (MC +2.65%) fell 4% in after-hours trading after it offered 5 million shares of Class A common stock.

Heron Therapeutics (HRTX +2.99%) dropped nearly 10% in after-hours trading after it forecast 2017 sales of its Sustol nausea treatment drug at $15 million to $25 million, well below consensus of $50 million.

Synergy Pharmaceuticals (SGYP +6.88%) climbed 3% in after-hours trading after it was rated a new 'Outperform' at Oppenheimer with a price target of $10.

Loxo Oncology (LOXO +5.28%) fell over 3% in after-hours trading after it proposed a public offering of common stock, although no amount or size was given.

MARKET COMMENTS

Mar E-mini S&Ps (ESH17 -0.20%) this morning are down -0.75 of a point (-0.03%). Wednesday's closes: S&P 500 +0.57%, Dow Jones +0.30%, Nasdaq +0.53%. The S&P 500 on Wednesday closed higher on strength in mining stocks after the price of copper rose +2.7% to a 2-week high and on strength in oil companies after the price of crude oil climbed +1.78%. Auto makers also saw strength after U.S. Dec auto sales soared to 18.29 million units, stronger than expectations of 17.70 million and the most in 11-1/3 years.

Mar 10-year T-notes (ZNH17 +0.13%) this morning are yp +3.5 ticks at a 3-week high. Wednesday's closes: TYH7 unch, FVH7 -0.50. Mar 10-year T-notes on Wednesday closed little changed. T-notes were undercut by weakness in German bunds on increased price pressures after the Eurozone Dec CPI rose more than expected. T-notes recovered their losses after the Dec 13-14 FOMC minutes said that most FOMC policy makers saw a gradual rate hike pace as "appropriate."

The dollar index (DXY00 -0.43%) this morning is down -0.32 (-0.31%) at a 3-week low. EUR/USD (^EURUSD) is up +0.0007 (+0.07%). USD/JPY (^USDJPY) is down -0.51 (-0.43%) at a 3-week low. Wednesday's closes: Dollar index -0.680 (-0.66%), EUR/USD +0.0084 (+0.81%), USD/JPY -0.50 (-0.42%). The dollar index on Wednesday closed lower on strength in EUR/USD after Eurozone Dec CPI rose +1.1% y/y, stronger than expectations of +1.0% y/y and the largest increase in 3-1/4 years, which dampened expectations that the ECB will expand stimulus measures. The dollar was also undercut by the comment in the Dec 13-14 FOMC meeting minutes that most FOMC members saw a gradual rate hike pace as "appropriate."

Feb WTI crude oil prices (CLG17 +0.79%) this morning are up +50 cents (+0.94%) and Feb gasoline (RBG17 -0.13%) is +0.0006 (+0.04%). Wednesday's closes: Feb crude +0.93 (+1.78%), Feb gasoline +0.0170 (+1.05%). Feb crude oil and gasoline on Wednesday closed higher on a weaker dollar and expectations for Thursday's weekly EIA crude inventories to fall -2.00 million bbl.

GLOBAL EVENT CALENDAR01/05/2017

		Thursday, Jan 5
US	0730 ET	Dec Challenger job cuts, Nov -13.0% y/y.
	0815 ET	Dec ADP employment change expected +175,000, Nov +216,000.
	0830 ET	Weekly initial unemployment claims expected -5,000 to 260,000, previous -10,000 to 265,000. Weekly continuing claims expected -51,000 to 2.051 million, previous +63,000 to 2.102 million.
	0945 ET	Revised Dec Markit services PMI, prelim-Dec -1.2 to 53.4.
	1000 ET	Dec ISM non-manufacturing index expected -0.5 to 56.7, Nov +2.4 to 57.2.
	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 Jan 10-12.
		Friday, Jan 6
US	0830 ET	Dec non-farm payrolls expected +180,000, Nov +178,000. Dec private payrolls expected +170,000, Nov +156,000. Dec manufacturing payrolls expected unch, Nov -4,000. Dec unemployment rate expected +0.1 to 4.7%, Nov -0.3 to 4.6%.
	0830 ET	Dec avg hourly earnings expected +0.3% m/m and +2.8% y/y, Nov -0.1% m/m and +2.5% y/y. Dec avg weekly hours all-employees expected unch at 34.4 hours, Nov unch at 34.4 hours.
	0830 ET	Nov trade balance expected -$44.7 billion, Oct -$42.6 billion.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Nov factory orders expected -2.3%, Dec +2.7% and +0.8% ex transportation.
	1215 ET	Chicago Fed President Charles Evans (voter) participates in a NABE and AEA panel discussion titled Responders of First or Last Resort: Central Bank Strategies in an Era of Ultra-Low Interest Rates.
	1300 ET	Richmond Fed President Jeffrey Lacker (non-voter) speaks at the Maryland Bankers Associations Economic Outlook Forum.

U.S. STOCK CALENDAR01/05/2017

Company	Ticker	Time	Event Description	Period	Estimate
RPM International Inc	RPM US	Bef-mkt	Q2 2017 Earnings Release	Q2 2017	0.605
Constellation Brands Inc	STZ US	Bef-mkt	Q3 2017 Earnings Release	Q3 2017	1.718
Walgreens Boots Alliance Inc	WBA US	7:00	Q1 2017 Earnings Release	Q1 2017	1.093
L Brands Inc	LB US	7:30	December 2016 Sales and Revenue Call	2016
Monsanto Co	MON US	8:00	Q1 2017 Earnings Release	Q1 2017	0.017
Walgreens Boots Alliance Inc	WBA US	8:30	Q1 2017 Earnings Call	Q1 2017
Ionis Pharmaceuticals Inc	IONS US	9:30	IONIS-GCGR Rx Phase 2 Study Results Call
Monsanto Co	MON US	9:30	Q1 2017 Earnings Call	Q1 2017
RPM International Inc	RPM US	10:00	Q2 2017 Earnings Call	Q2 2017
Constellation Brands Inc	STZ US	10:30	Q3 2017 Earnings Call	Q3 2017
Gap Inc/The	GPS US	16:15	December 2016 Sales and Revenue Release	2016
L Brands Inc	LB US		December 2016 Sales and Revenue Release	2016