Friday, October 24, 2014

Automatic Data Processing - Barchart's Chart of the Day

Automatic Data Processing (ADP) is the Barchart Chart of the Day.  The computerized transaction processing stock has a Trend Spotter buy signal, a Weighted Alpha of 16.90+ and gained 15.09% in the last year while paying a 2.57% dividend yield.

The Chart of the Day is Automatic Data Processing (ADP).  I found the stock by sorting the All Time High List by the best technical buy signals then used the Flipchart function to review the charts.  Since the Trend Spotter signaled another buy on 10/21 the stock gained 1.86%.

ADP is one of the largest providers of computerized transaction processing, data communication, and information services in the world. ADP Employer Services offers a comprehensive range of payroll, human resources, benefits administration, time and attendance, tax filing and reporting, professional employer organization, compliance management and retirement plan services to employers in the United States, Canada, Europe and Latin America.

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
  • 6 new highs and up 3.41% in the last month
  • Relative Strength Index 63.76%
  • Barchart computes a technical support level at 74.64
  • Recently traded at 76.20 with a 50 day moving average of 73.24
Fundamental factors:
  • Market Cap $36.74 billion
  • P/E 23.69
  • Dividend yield 2.57%
  • Revenue expected to shrink 9.40% this year but grow again by 8.10% next year
  • Earnings estimated to increase 13.60% this year, an additional 12.60% next year and continue to increase at an annual rate of 10.33% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 4 buy, 15 hold and a single sell recommendation on he stock
The 100 day moving average vs, price has been the most consistent technical trading strategy on this stock.


Mimedx Group - Buy Signals

Today I added Mimedx Group (MDXG) to the Barchart Van Meerten Speculative portfolio for positive price momentum:


Brachart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above the 20, 50 and 100 day moving averages
  • 8 new highs and up 25.14% in the last month
  • Relative Strength Index 70.55%
  • Barchart computes a technical support level at 8.82
  • Recently traded at 9.05 with a 50 day moving average of 7.37


Regeneron Pharmaceuticals - Buy Signals

Today I added Regeneron Pharmaceuticals (REGN) to the Barchart Van Meerten New High portfolio for positive price momentum:


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 10.13% in the last month
  • Relative Strength Index 70.89%
  • Barchart computes a technical support level at 381.75
  • Recently traded at 400.27 with a 50 day moving average of 355.19


BARCHART MORNING CALL 10/24

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 -0.35%) this morning are down -0.33% and European stocks are down -0.44% as Amazon.com dropped 10% in pre-market trading after lowering Q4 revenue guidance and as BASF SE is down nearly 3% after it cut profit targets and abandoned its sales goal for next year. Travel and leisure companies are also on the defensive after a New York City doctor tested positive for the Ebola virus after returning from aid work in West Africa. The Russian ruble fell to a record low of 41.99 per dollar on speculation that Standard & Poor's will cut Russia's credit rating later today. Asian stocks closed mixed: Japan +1.01%, Hong Kong -0.13%, China -0.22%, Taiwan -0.97%, Australia +0.54%, Singapore -0.43%, South Korea -0.19%. Japan's Nikkei Stock Index rose to a 2-week high amid optimism for U.S. earnings and European growth, while China's Shanghai Stock Index fell to a 1-month low after China new home prices last month fell in 69 of 70 cities tracked by the government, the most on record and a sign that the slump in China's property market continues. Commodity prices are mixed. Dec crude oil (CLZ14 -0.83%) is down -0.89%. Dec gasoline (RBZ14 -0.86%) is down -0.94%. Dec gold (GCZ14 +0.28%) is up +0.21%. Dec copper (HGZ14 +0.26%) is down -0.10% on signs of increased supplies after LME copper inventories rose +2,050 MT to 159,550 MT, a 3-1/4 month high. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 -0.04%) is down -0.03%. EUR/USD (^EURUSD) is up +0.05%. USD/JPY (^USDJPY) is down -0.10%. Dec T-note prices (ZNZ14 +0.21%) are up +6.5 ticks.
China Sep new home prices fell in 69 of 70 cities tracked by the government, the most since Jan 2011 and a sign that the downturn in China's property market continues.
The German Nov GfK consumer confidence unexpectedly rose +0.1 to 8.5, better than expectations of -0.3 to 8.0.
UK Q3 GDP rose +0.7% q/q and +3.0% y/y, right on expectations and down from the Q2 increase of +0.9% q/q and +3.2% y/y.
The UK Aug index of services was unch m/m and up +0.8% 3-mo/3-mo, less than expectations of +0.3% m/m and +0.9% 3-mo/3-mo.
U.S. STOCK PREVIEW
Today’s Sep new home sales report is expected to fall by -6.8% to 470,000 units, which would not be surprising given the +18.0% surge to the 6-1/3 year high of 504,000 seen in August.  There are 17 of the S&P 500 companies that report earnings today with notable reports including:  UPS (consensus $1.28), State Street (1.21), Procter & Gamble (1.07), Moody's (0.90), Ford (0.19), Nasdaq (0.70), and Wynn Resorts (1.82).  There are no equity conferences today.
OVERNIGHT U.S. STOCK MOVERS
Amazon.com (AMZN +0.07%) fell 10% in pre-market trading after it reported a Q3 EPS loss of -95 cents, a bigger loss than consensus of -74 cents, and then lowered guidance on Q4 revenue to $27.3 billion-$30.3 billion, below consensus of $30.89 billion.
Microsoft (MSFT +1.44%) climbed over 3% in pre-market trading after it reported Q1 EPS of 54 cents, higher than consensus of 49 cents.
Ford Motor (F +1.91%) reported Q3 EPS of 24 cents, better than consensus of 19 cents.
Cabot Oil & Gas (COG +3.12%) reported Q3 EPS of 20 cents, less than consensus of 21 cents.
Colgate-Palmolive (CL -0.41%) reported Q3 EPS of 76 cents, higher than consensus of 75 cents.
Flowserve (FLS +3.25%) reported Q3 EPS of 93 cents, below consensus of $1.00.
Chubb (CB +0.12%) reported Q3 operating EPS of $2.17, stronger than consensus of $1.95, and then raised guidance on fiscal 2014 operating EPS view to $7.35-$7.45 from $6.75-$6.95, above consensus of $7.17.
Edwards Lifesciences (EW -0.07%) reported Q3 EPS of 80 cents, better than consensus of 73 cents.
Hub Group (HUBG +1.59%) reported Q3 EPS of 49 cents, weaker than consensus of 54 cents.
Juniper (JNPR +3.25%) rose 1% in after-hours trading after it reported Q3 EPS of 36 cents, above consensus of 35 cents, and then announced a +$1.1 billion increase in the company's share repurchase program.
NCR Corp. (NCR -0.36%) reported Q3 EPS of 67 cents, below consensus of 70 cents, and then lowered guidance on fiscal 2014 EPS to $2.60-$2.70 from $3.00-$3.10, well below consensus of $2.88.
Chicago Bridge & Iron (CBI +4.19%) reported Q3 adjusted EPS of $1.51, stronger than consensus of $1.41.
Swift Transport (SWFT -0.18%) rose over 5% in after-hours trading after it reported Q3 adjusted EPS of 39 cents, better than consensus of 35 cents, and hen raised guidance on fiscal 2014 adjusted EPS to $1.29-$1.33, above consensus of $1.27.
W. R. Berkley (WRB +0.81%) reported Q3 EPS of $1.42, well above consensus of 90 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 -0.35%) this morning are down -6.50 points (-0.33%). The S&P 500 index on Thursday climbed to a 2-week high and closed higher: S&P 500 +1.23%, Dow Jones +1.32%, Nasdaq +1.59%. Bullish factors included (1) stellar Q3 stock earnings results with 80% of reporting S&P 500 companies beating estimates, and (2) reduced global economic concerns after the China Oct HSBC manufacturing PMI unexpectedly climbed +0.2 to 50.4, stronger than expectations of unchanged at 50.2, and after the Eurozone Oct Markit manufacturing PMI unexpectedly rose +0.4 to 50.7, stronger than expectations of -0.4 to 49.9.
Dec 10-year T-notes (ZNZ14 +0.21%) this morning are up +6.5 ticks. Dec 10-year T-note futures prices on Thursday fell to a 1-1/2 week low and closed lower. Closes: TYZ4 -13.00, FVZ4 -7.50. Bearish factors included (1) signs of strength in the U.S. labor market after weekly continuing unemployment claims fell to a 13-3/4 year low, and (2) the rally in the S&P 500 to a 2-week high, which curbed safe-haven demand for T-notes.
The dollar index (DXY00 -0.04%) this morning is down -0.024 (-0.03%). EUR/USD (^EURUSD) is up +0.0006 (+0.05%). USD/JPY (^USDJPY) is down -0.11 (-0.10%). The dollar index on Thursday rose to a 1-week high and closed higher. Closes: Dollar index +0.102 (+0.12%), EUR/USD -0.00017 (-0.01%), USD/JPY +1.124 (+1.05%). Supportive factors for the dollar included (1) signs of strength in the U.S. economy that dampened speculation the Fed will delay raising interest rates after U.S weekly continuing unemployment claims fell to a 13-3/4 year low, and (2) a rally in USD/JPY to a 2-week high as strength in stocks reduced the safe-haven demand for the yen.
Dec WTI crude oil (CLZ14 -0.83%) this morning is down -73 cents (-0.89%) and Dec gasoline (RBZ14 -0.86%) is down -0.0203 (-0.94%). Dec crude and Dec gasoline on Thursday closed higher. Closes: CLZ4 +1.57 (+1.95%), RBZ4 +0.0505 (+2.39%). Bullish factors included (1) signs of strength in the U.S. economy after Sep leading indicators rose more than expected, and (2) reduced global economic concerns after both the China Oct HSBC manufacturing PMI and the Eurozone Oct Markit manufacturing PMI unexpectedly rose.
GLOBAL EVENT CALENDAR10/24/2014
US1000 ETSep new home sales expected -6.8% to 470,000, Aug +18.0% to 504,000.
1500 ETUSDA Sep Cattle on Feed.
GER0200 ETGerman Nov GfK consumer confidence expected -0.3 to 8.0, Oct 8.3.
UK0430 ETUK Q3 GDP expected +0.7% q/q and +3.0% y/y, Q2 +0.9% q/q and +3.2% y/y.
U.S. STOCK CALENDAR10/24/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
LyondellBasell Industries NVLYB USBef-mktQ3 2014 Earnings ReleaseQ3 20142.302
Cabot Oil & Gas CorpCOG USBef-mktQ3 2014 Earnings ReleaseQ3 20140.214
Ventas IncVTR USBef-mktQ3 2014 Earnings ReleaseQ3 20141.106
State Street CorpSTT USBef-mktQ3 2014 Earnings ReleaseQ3 20141.207
Delphi Automotive PLCDLPH USBef-mktQ3 2014 Earnings ReleaseQ3 20141.133
Wyndham Worldwide CorpWYN US6:30Q3 2014 Earnings ReleaseQ3 20141.632
Procter & Gamble Co/ThePG US7:00Q1 2015 Earnings ReleaseQ1 20151.073
Colgate-Palmolive CoCL US7:00Q3 2014 Earnings ReleaseQ3 20140.753
Moody's CorpMCO US7:00Q3 2014 Earnings ReleaseQ3 20140.896
Ford Motor CoF US7:00Q3 2014 Earnings ReleaseQ3 20140.191
NASDAQ OMX Group Inc/TheNDAQ US7:00Q3 2014 Earnings ReleaseQ3 20140.697
DTE Energy CoDTE US7:15Q3 2014 Earnings ReleaseQ3 20141.054
Bristol-Myers Squibb CoBMY US7:30Q3 2014 Earnings ReleaseQ3 20140.419
FLIR Systems IncFLIR US7:30Q3 2014 Earnings ReleaseQ3 20140.352
United Parcel Service IncUPS US7:45Q3 2014 Earnings ReleaseQ3 20141.282
NASDAQ OMX Group Inc/TheNDAQ US8:00Q3 2014 Earnings CallQ3 2014
Avery Dennison CorpAVY US8:30Q3 2014 Earnings ReleaseQ3 20140.737
Procter & Gamble Co/ThePG US8:30Q1 2015 Earnings CallQ1 2015
Wyndham Worldwide CorpWYN US8:30Q3 2014 Earnings CallQ3 2014
United Parcel Service IncUPS US8:30Q3 2014 Earnings CallQ3 2014
DTE Energy CoDTE US9:00Q3 2014 Earnings CallQ3 2014
Ford Motor CoF US9:00Q3 2014 Earnings CallC3 2014
Avery Dennison CorpAVY US9:30Q3 2014 Earnings CallQ3 2014
Cabot Oil & Gas CorpCOG US9:30Q3 2014 Earnings CallQ3 2014
State Street CorpSTT US9:30Q3 2014 Earnings CallQ3 2014
Southwestern Energy CoSWN US10:00Q3 2014 Earnings CallQ3 2014
Ventas IncVTR US10:00Q3 2014 Earnings CallQ3 2014
Principal Financial Group IncPFG US10:00Q3 2014 Earnings CallQ3 2014
Delphi Automotive PLCDLPH US10:00Q3 2014 Earnings CallQ3 2014
Bristol-Myers Squibb CoBMY US10:30Q3 2014 Earnings CallQ3 2014
LyondellBasell Industries NVLYB US11:00Q3 2014 Earnings CallQ3 2014
Colgate-Palmolive CoCL US11:00Q3 2014 Earnings CallQ3 2014
Flowserve CorpFLS US11:00Q3 2014 Earnings CallQ3 2014
FLIR Systems IncFLIR US11:00Q3 2014 Earnings CallQ3 2014
Ford Motor CoF US11:00Q3 2014 Earnings Call - Fixed Income CallQ3 2014
Moody's CorpMCO US11:30Q3 2014 Earnings CallQ3 2014
Rockwell Collins IncCOL USQ4 2014 Earnings Release
Wynn Resorts LtdWYNN USQ3 2014 Earnings Release

Thursday, October 23, 2014

CSX Corp - Barchart's Chart of the Day

CSX Corp (CSX) is the Barchart Chart of the Day.  The freight transportation stock has a Trend Spotter buy signal, a Weighted Alpha of  34.80+ and gained 33.05% in the last year.

The Chart of the Day is CSX Corp (CSX).  I found the stock by sorting the All Time High list for the best technical buy signals then used the Flipchart function to review the stocks.  Since the Trend Spotter signaled another buy on 10/14 the stock gained 6.78%.

CSX's unique combination of rail, container-shipping, intermodal and logistics services provides global reach that's second to none. The company's goal, advanced at each of its business units, is to provide efficient, competitive transportation and related services for customers.


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
  • 5 new highs and up 9.77% in the last month
  • Relative Strength Index 67.77%
  • Barchart computes a technical support level at 33.94
  • Recently traded at 34.82 with a 50 day moving average of 31.68
Fundamental factors:
  • Market Cap $34.81 billion
  • P/E 18.39
  • Dividend yield 1.87%
  • Revenue expected to grow 5.20% this year and another 4..30% next year
  • Earnings estimated to increase 4.40% this year, an additional 13.10% next year and continue to increase at an annual rate of 9.97% for the next 5 years.
  • Wall Street analysts issued 6 strong buy, 4 buy and 17 hold recommendations on the stock 
For this particular stock the 20 - 50 day MACD Oscillator has been the most consistent technical trading strategy.

BARCHART MORNING CALL 10/23

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 +0.48%) this morning are up +0.23% and European stocks are down -0.21%. European stocks declined as disappointing earnings results from Unilever and Michelin outweighed positive economic data that showed Oct manufacturing activity in China and Europe unexpectedly expanded. Asian stocks closed mostly lower: Japan -0.37%, Hong Kong -0.30%, China -0.94%, Taiwan -0.20%, Australia -0.05%, Singapore +1.05%, South Korea -0.30%, India closed for holiday. China's Shanghai Stock Index fell to a 1-month low on concern a planned trading link between China and Hong Kong will be delayed after Reuters reported that major banks and money managers asked the Hong Kong securities regulator to delay the start of the trading link between the Hong Kong and Shanghai stock exchanges because of uncertainty over rules. Commodity prices are mixed. Dec crude oil(CLZ14 +0.24%) is up +0.29%. Dec gasoline (RBZ14 +0.20%) is up +0.23%. Dec gold (GCZ14 -0.72%) is down -0.52%. Dec copper (HGZ14 +0.36%) is up +0.46%. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 unch) is down -0.04%. EUR/USD (^EURUSD) is up +0.15%. USD/JPY (^USDJPY) is up +0.33% at a 1-1/2 week high. Dec T-note prices (ZNZ14 -0.09%) are down -1.5 ticks.
The China Oct HSBC manufacturing PMI unexpectedly climbed +0.2 to 50.4, a faster pace of expansion than expectations of unchanged at 50.2.
The German Oct Markit/BME manufacturing PMI unexpectedly rose +1.9 to 51.8, a faster pace of expansion than expectations of -0.4 to 49.5.
The Eurozone Oct Markit manufacturing PMI unexpectedly rose +0.4 to 50.7, a faster pace of expansion than expectations of -0.4 to 49.9.
The Japan Markit/JMMA manufacturing PMI rose +1.1 to 52.8, better than expectations of unch at 51.7 and the fastest pace of expansion in 7 months.
UK Oct CBI trends total orders unexpectedly fell -2 to -6, weaker than expectations of +1 to -3 and the lowest in 15 months. Oct BI trends selling prices fell -4 to -3, a bigger decline than expectations of -1 to 0. Oct CBI business optimism fell -11 to 8, a bigger decline than expectations of -4 to 15 and the lowest in 15 months.
UK Sep retail sales ex autos unexpectedly fell -0.3% m/m and rose +3.1% y/y, weaker than expectations of unch m/m and +3.4% y/y. Sep retail sales including autos fell -0.3% m/m and rose +2.7% y/y, weaker than expectations of -0.1% m/m and +2.9% y/y.
U.S. STOCK PREVIEW
The markets are expecting a mixed report today with initial claims rising +17,000, reversing most of last week’s -23,000 decline, and with continued claims falling -9,000 after last week’s rise of +7,000. The market is expecting today’s Aug FHFA house price index to show an increase of +0.3% m/m, adding to the +0.1% increase seen in July. The market is expecting today’s Sep leading indicators report to show a sharp increase of +0.7%, adding to the +0.2% increase seen in August.
There are 45 of the S&P 500 companies that report earnings today with notable reports including: Microsoft (consensus $0.55), Amazon (-$0.75), GM (0.95), Caterpillar (1.34), PulteGroup (0.36), Coca-Cola Enterprises (0.88), Comcast (0.71), Raytheon (1.60), VeriSign (0.69). Equity conferences during the remainder of this week include: Latin Markets Private Wealth Latin America and the Caribbean Forum on Thu.
OVERNIGHT U.S. STOCK MOVERS
Coca-Cola Enterprises (CCE -0.79%) reported Q3 EPS of 92 cents, better than consensus of 88 cents.
Celgene (CELG -0.22%) reported Q3 EPS of 97 cents, higher than consensus of 95 cents.
Precision Castparts (PCP -2.05%) reported Q2 EPS of $3.24, weaker than consensus of $3.32.
Eli Lilly (LLY unch) reported Q3 EPS of 66 cents, below consensus of 67 cents.
O'Reilly Automotive (ORLY -0.97%) gained over 3% in after-hours trading after it reported Q3 EPS of $2.06, stronger than consensus of $1.95, and then raised guidance on fiscal 2014 EPS to$7.19-$7.23, better than consensus of $7.15.
Cheesecake Factory (CAKE -0.34%) slid over 3% in after-hours trading after it reported Q3 EPS of 48 cents, less than consensus of 57 cents, and then lowered guidance on fiscal 2014 EPS to $2.07-$2.11, weaker than consensus of $2.21.
Lam Research (LRCX -1.82%) reported Q1 EPS of 96 cents, better than consensus of 93 cents.
Everest Re (RE +0.07%) reported Q3 EPS of $6.00, well above consensus of $4.79.
C.R. Bard (BCR -0.83%) reported Q3 adjusted EPS of $2.15, stronger than consensus of $2.10, and then raised guidance on fiscal 2014 EPS view to $8.34-$8.38 from $8.25-$8.35, better than consensus of $8.31.
Skechers (SKX +0.92%) reported Q3 EPS of $1.00, higher than consensus of 93 cents.
Plexus (PLXS -2.18%) reported Q4 EPS of 77 cents, below consensus of 78 cents.
Tractor Supply (TSCO -0.26%) jumped over 10% in after-hours trading after it reported Q3 EPS of 55 cents, better than consensus of 50 cents.
AT&T (T -0.35%) dropped 3% in after-hours trading after it reported Q3 adjusted EPS of 63 cents, less than consensus of 64 cents, and then lowered guidance on fiscal 2014 revenue growth view to 3%-4% from 5%.
Albemarle (ALB -2.28%) reported Q3 adjusted EPS of $1.14, higher than consensus of $1.02.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 +0.48%) this morning are up +4.50 points (+0.23%). The S&P 500 index on Wednesday posted a 1-1/2 week high early but fell back and closed lower: S&P 500 -0.73%, Dow Jones -0.92%, Nasdaq -0.55%. Bearish factors included (1) terrorism concerns that fueled long liquidation in stocks after the Canadian Parliament was locked down when a Canadian soldier was shot at a war memorial in Ottawa and “multiple suspects” were reported loose inside the parliament building, and (2) a slide in energy producers after crude prices fell. The S&P 500 had posted a 1-1/2 week high on strong stock earnings results as 79% of reporting S&P 500 companies have exceeded estimates and 63% have also exceeded sales projections.
Dec 10-year T-notes (ZNZ14 -0.09%) this morning are down -1.5 ticks. Dec 10-year T-note futures prices on Wednesday slipped to a 1-week low and closed lower. Closes: TYZ4 -7.50, FVZ4 -5.00. Bearish factors included (1) the larger-than-expected increase in Sep U.S. CPI, which eases deflation concerns and dampens speculation the Fed will delay in raising interest rates, and (2) carry-over weakness from a slide in German bunds after comments from ECB Governing Council member Luc Coene dampened speculation the ECB will expand monetary easing when he said “it’s too early to say if we’ll adopt additional stimulus measures.”
The dollar index (DXY00 unch) this morning is down -0.033 (-0.04%). EUR/USD (^EURUSD) is up +0.0019 (+0.15%). USD/JPY (^USDJPY) is up +0.35 (+0.33%) at a 1-1/2 week high. The dollar index on Wednesday closed higher on reduced deflation concerns after U.S Sep CPI rose more than expected, which bolsters the case for Fed interest rate hikes. Closes: Dollar index +0.438 (+0.51%), EUR/USD -0.0068 (-0.53%), USD/JPY +0.146 (+0.14%). EUR/USD remains under pressure on speculation that a slowdown in the Eurozone will prompt the ECB to expand stimulus measures.
Dec WTI crude oil (CLZ14 +0.24%) this morning is up +23 cents (+0.29%) and Dec gasoline (RBZ14 +0.20%) is up +0.0049 (+0.23%). Dec crude and Dec gasoline on Wednesday closed lower. Closes: CLZ4 -1.97 (-2.39%), RBZ4 -0.0469 (-2.18%). Bearish factors included (1) a rally in the dollar index, (2) the +7.1 million bbl surge in weekly EIA inventories to a 3-month high of 377.7 million bbl, over double expectations of a +3.0 million bbl build, and (3) the +953,000 bbl increase in crude supplies at Cushing, OK, the delivery point of WTI futures.
GLOBAL EVENT CALENDAR10/23/2014
US0830 ETWeekly initial unemployment claims expected +17,000 to 281,000, previous -23,000 to 264,000. Weekly continuing claims expected -9,000 to 2.380 million, previous +7,000 to 2.389 million.
0830 ETSep Chicago Fed national activity index expected +0.36 to 0.15, Aug -0.21.
0830 ETUSDA weekly Export Sales.
0900 ETAug FHFA house price index expected +0.3% m/m, Jul +0.1% m/m.
0945 ETPreliminary Oct Markit manufacturing PMI expected -0.5 to 57.0, Sep -0.4 to 57.5.
1000 ETSep leading indicators expected +0.7%, Aug +0.2%.
1100 ETOct Kansas City Fed manufacturing activity index expected unchanged at 6, Sep +3 to 6.
1100 ETTreasury announces amount of 2-year T-notes (previous $29 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Oct 28-30.
1300 ETTreasury auctions $7 billion 30-year TIPS.
GER0330 ETGerman Oct Markit/BME manufacturing PMI expected -0.4 to 49.5, Sep 49.9.
EUR0400 ETEurozone Oct Markit composite PMI expected -0.5 to 51.5, Sep 52.0.
1000 ETEurozone Oct consumer confidence expected -0.6 to -12.0, Sep -11.4.
UK0430 ETUK Sep retail sales ex autos expected unch m/m and +3.4% y/y, Aug +0.2% m/m and +4.5% y/y.
0430 ETUK Sep retail sales including autos expected -0.1% and +2.9% y/y, Aug +0.4% m/m and +3.9% y/y.
0600 ETUK Oct CBI trends total orders expected +1 to -3, Sep -4. Oct CBI trends selling prices expected +1 to 0, Sep 1.
0600 ETUK Oct CBI business optimism expected -4 to 15, Sep 19.
CHI2130 ETChina Sep property prices.
U.S. STOCK CALENDAR10/23/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Precision Castparts CorpPCP US3:01Q2 2015 Earnings ReleaseQ2 20153.321
Airgas IncARG USBef-mktQ2 2015 Earnings ReleaseQ2 20151.295
Mead Johnson Nutrition CoMJN USBef-mktQ3 2014 Earnings ReleaseQ3 20140.904
American Electric Power Co IncAEP USBef-mktQ3 2014 Earnings ReleaseQ3 20141.009
Dr Pepper Snapple Group IncDPS USBef-mktQ3 2014 Earnings ReleaseQ3 20140.877
Diamond Offshore Drilling IncDO USBef-mktQ3 2014 Earnings ReleaseQ3 20140.788
Nielsen NVNLSN USBef-mktQ3 2014 Earnings ReleaseQ3 20140.652
PulteGroup IncPHM USBef-mktQ3 2014 Earnings ReleaseQ3 20140.364
Bemis Co IncBMS USBef-mktQ3 2014 Earnings ReleaseQ3 20140.673
T Rowe Price Group IncTROW USBef-mktQ3 2014 Earnings ReleaseQ3 20141.146
Alexion Pharmaceuticals IncALXN USBef-mktQ3 2014 Earnings ReleaseQ3 20141.161
Southwest Airlines CoLUV USBef-mktQ3 2014 Earnings ReleaseQ3 20140.531
Coca-Cola Enterprises IncCCE USBef-mktQ3 2014 Earnings ReleaseQ3 20140.883
Prologis IncPLD USBef-mktQ3 2014 Earnings ReleaseQ3 20140.461
Lorillard IncLO USBef-mktQ3 2014 Earnings ReleaseQ3 20140.892
Quest Diagnostics IncDGX USBef-mktQ3 2014 Earnings ReleaseQ3 20141.075
Union Pacific CorpUNP USBef-mktQ3 2014 Earnings ReleaseQ3 20141.51
EQT CorpEQT USBef-mktQ3 2014 Earnings ReleaseQ3 20140.501
Sigma-Aldrich CorpSIAL USBef-mktQ3 2014 Earnings ReleaseQ3 20141.058
Celgene CorpCELG USBef-mktQ3 2014 Earnings ReleaseQ3 20140.947
General Motors CoGM USBef-mktQ3 2014 Earnings ReleaseQ3 20140.952
Eli Lilly & CoLLY USBef-mktQ3 2014 Earnings ReleaseQ3 20140.665
Zimmer Holdings IncZMH US7:00Q3 2014 Earnings ReleaseQ3 20141.301
Occidental Petroleum CorpOXY US7:00Q3 2014 Earnings ReleaseQ3 20141.586
Raytheon CoRTN US7:00Q3 2014 Earnings ReleaseQ3 20141.6
Comcast CorpCMCSA US7:00Q3 2014 Earnings ReleaseQ3 20140.707
Under Armour IncUA US7:00Q3 2014 Earnings ReleaseQ3 20140.399
3M CoMMM US7:30Q3 2014 Earnings ReleaseQ3 20141.961
Caterpillar IncCAT US7:30Q3 2014 Earnings ReleaseQ3 20141.34
Cameron International CorpCAM US7:30Q3 2014 Earnings ReleaseQ3 20141.09
Zimmer Holdings IncZMH US8:00Q3 2014 Earnings CallQ3 2014
CMS Energy CorpCMS US8:00Q3 2014 Earnings ReleaseQ3 20140.385
Nielsen NVNLSN US8:30Q3 2014 Earnings CallQ3 2014
PulteGroup IncPHM US8:30Q3 2014 Earnings CallQ3 2014
CMS Energy CorpCMS US8:30Q3 2014 Earnings CallQ3 2014
Quest Diagnostics IncDGX US8:30Q3 2014 Earnings CallQ3 2014
Equifax IncEFX US8:30Q3 2014 Earnings CallQ3 2014
Comcast CorpCMCSA US8:30Q3 2014 Earnings CallQ3 2014
Under Armour IncUA US8:30Q3 2014 Earnings CallQ3 2014
Union Pacific CorpUNP US8:45Q3 2014 Earnings CallQ3 2014
3M CoMMM US9:00Q3 2014 Earnings CallQ3 2014
American Electric Power Co IncAEP US9:00Q3 2014 Earnings CallQ3 2014
Nucor CorpNUE US9:00Q3 2014 Earnings ReleaseQ3 20140.754
Diamond Offshore Drilling IncDO US9:00Q3 2014 Earnings CallQ3 2014
Raytheon CoRTN US9:00Q3 2014 Earnings CallQ3 2014
Celgene CorpCELG US9:00Q3 2014 Earnings CallQ3 2014
Leggett & Platt IncLEG US9:00Q3 2014 Earnings CallQ3 2014
Eli Lilly & CoLLY US9:00Q3 2014 Earnings CallQ3 2014
Mead Johnson Nutrition CoMJN US9:30Q3 2014 Earnings CallQ3 2014
Cameron International CorpCAM US9:30Q3 2014 Earnings CallQ3 2014
Airgas IncARG US10:00Q2 2015 Earnings CallQ2 2015
Occidental Petroleum CorpOXY US10:00Q3 2014 Earnings CallQ3 2014
Precision Castparts CorpPCP US10:00Q2 2015 Earnings CallQ2 2015
Alexion Pharmaceuticals IncALXN US10:00Q3 2014 Earnings CallQ3 2014
Coca-Cola Enterprises IncCCE US10:00Q3 2014 Earnings CallQ3 2014
General Motors CoGM US10:00Q3 2014 Earnings CallQ3 2014
EQT CorpEQT US10:30Q3 2014 Earnings CallQ3 2014
Dr Pepper Snapple Group IncDPS US11:00Q3 2014 Earnings CallQ3 2014
Bemis Co IncBMS US11:00Q3 2014 Earnings CallQ3 2014
Caterpillar IncCAT US11:00Q3 2014 Earnings CallQ3 2014
Torchmark CorpTMK US11:00Q3 2014 Earnings CallQ3 2014
O'Reilly Automotive IncORLY US11:00Q3 2014 Earnings CallQ3 2014
Prologis IncPLD US12:00Q3 2014 Earnings CallQ3 2014
Southwest Airlines CoLUV US12:30Q3 2014 Earnings CallQ3 2014
Nucor CorpNUE US14:00Q3 2014 Earnings CallQ3 2014
Edwards Lifesciences CorpEW US16:00Q3 2014 Earnings ReleaseQ3 20140.717
Principal Financial Group IncPFG US16:00Q3 2014 Earnings ReleaseQ3 20141.058
Stericycle IncSRCL US16:02Q3 2014 Earnings ReleaseQ3 20141.058
VeriSign IncVRSN US16:05Q3 2014 Earnings ReleaseQ3 20140.688
Altera CorpALTR US16:15Q3 2014 Earnings ReleaseQ3 20140.372
KLA-Tencor CorpKLAC US16:15Q1 2015 Earnings ReleaseQ1 20150.463
Cerner CorpCERN US16:30Q3 2014 Earnings CallQ3 2014
VeriSign IncVRSN US16:30Q3 2014 Earnings CallQ3 2014
Altera CorpALTR US16:45Q3 2014 Earnings CallQ3 2014
Chubb Corp/TheCB US17:00Q3 2014 Earnings CallQ3 2014
Amazon.com IncAMZN US17:00Q3 2014 Earnings CallQ3 2014
Stericycle IncSRCL US17:00Q3 2014 Earnings CallQ3 2014
Edwards Lifesciences CorpEW US17:00Q3 2014 Earnings CallQ3 2014
Juniper Networks IncJNPR US17:00Q3 2014 Earnings CallQ3 2014
KLA-Tencor CorpKLAC US17:00Q1 2015 Earnings CallQ1 2015
Chubb Corp/TheCB USAft-mktQ3 2014 Earnings ReleaseQ3 20141.949
Southwestern Energy CoSWN USAft-mktQ3 2014 Earnings ReleaseQ3 20140.521
Flowserve CorpFLS USAft-mktQ3 2014 Earnings ReleaseQ3 20140.993
Amazon.com IncAMZN USAft-mktQ3 2014 Earnings ReleaseQ3 2014-0.747
Juniper Networks IncJNPR USAft-mktQ3 2014 Earnings ReleaseQ3 20140.355
Microsoft CorpMSFT USAft-mktQ1 2015 Earnings ReleaseQ1 20150.551
Cerner CorpCERN USAft-mktQ3 2014 Earnings ReleaseQ3 20140.422
Microsoft CorpMSFT US17:30Q1 2015 Earnings CallQ1 2015
Regeneron Pharmaceuticals IncREGN USPDUFA, Eylea, branch retinal vein occlusion (BRVO)

Wednesday, October 22, 2014

Core-Mark - Barchart's Chart of the Day

Core-Mark Holdings (CORE) is the Barchart Chart of the Day.  The wholesale grocery company has a Trend spotter buy signal, a Weighted Alpha of 63.30+ and gained 56.67% in the last year.

The Chart of the Day belongs to Core-Mark Holdings (CORE).  I found the stock by sorting the All Time High list for the best technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled another buy on 10/15 the stock gained 4.48%.

Core-Mark is one of the largest broad-line, full-service wholesale distributors of packaged consumer products to the convenience retail industry in North America. The Core-Mark provides distribution and logistics services as well as marketing programs to retail locations in states and five Canadian provinces through distribution centers. Core-Mark services traditional convenience retailers, grocers, mass merchandisers, drug, liquor and specialty stores, and other stores that carry consumer packaged goods.


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 ts 20, 50 and 100 day moving averages
  • 6 new highs and up 4.26% in the last month
  • Relative Strength Index 69.99%
  • Barchart computes a technical support level at 53.46
  • Recently traded at 55.98 with a 50 day moving average of 51.64
Fundamental factors:
  • Market Cap $1.29 billion
  • P/E 29.45
  • Dividend yield .82%
  • Revenue expected to grow 6.80% this year and another 15.10% next year
  • Earnings estimated to increase by 8.40% this year, an additional 15.140% next year and continue to increase at an annual rate of 14.00% for the next 5 years
  • Wall Street analysts issued 3 strong buy and 1 buy recommendation on the stock
The most successful technical trading signal for this stock has been the 50 day moving average.

Small Caps Showing Promise

In the last 3 months Small Cap stocks have had a hard time.  Today 60.17% of the stocks on the     S&P 600 Small Cap Index have lost money in the last 3 months.  However, there may be a bright spot.  Today 72.03% of those same stocks are trading above their 20 day moving averages.  It's too early to say the market is trending up; I'll say that when 50% of these stocks are trading above their 20, 50 and 100 day moving averages.  Till then, on Stock Picks I'll point out a few that are having good momentum.

I used Barchart to sort the S&P 600 Small Cap Index stocks to find the stocks that have the best technical buy signals and are trading above their 20, 50 and 100 day moving averages.

Today's list includes Wageworks (WAGR), Vicor Corp (VICR), Marriot Vacations Worldwide (VAC), Sterling Bancorp (STL) and Sonic (SONC):

Wageworks (WAGE)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 2 new highs and up 7.69% in the last month
  • Relative Strength Index 48.92 with a 50 day moving average of 45.21
  • Barchart computes a technical support level at 47.01
  • Recently traded at 48.92 with a 50 day moving average of 45.21
Vicor Corp (VICR)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 19.56% in the last month
  • Relative Strength Index 71.26%
  • Barchart computes a technical support level at 9.12
  • Recently traded at 11.42 with a 50 day moving average of 8.98


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 5.27% in the last month
  • Relative Strength Index 68.31%
  • Barchart computes a technical support level at 65.66
  • Recently traded at 66.61 with a 50 day moving average of 61.42


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 2.40% in the last month
  • Relative Strength Index 59.94%
  • Barchart computes a technical support level at 12.91
  • Recently traded at 13.21 with a 50 day moving average of 12.78
Sonic (SONC)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 12.60% in the last month
  • Relative Strength Index 69.68%
  • Barchart computes a technical support level at 22.84
  • Recently traded at 24.40 with a 50 day moving average of 22.13