Tuesday, November 25, 2014

VF Corp - Barchart's Chart of the Day

VF Corp (VFC) is the Barchart Chart of the Day.  The clothing company has a Trend Spotter buy signal, a Weighted Alpha of 31.55+, gained 27.01% in the last year while paying a 1.43% dividend.

The Chart of the Day belongs to VF Corp (VFC).  I found the stock by sorting the All Time High list for the stocks hitting the most frequent new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend spotter signaled a buy on 10/21 the stock gained 11.13%.

V.F. Corporation designs, manufactures and markets branded jeanswear, intimate apparel, children's playwear, occupational apparel, knitwear and other apparel. VF Corporation oversees the operations of its individual businesses, providing them with financial and administrative resources. Its principal brands include Lee, Wrangler, Riders, Rustler, Vanity Fair, Vassarette, Bestform, Lily of France, Lee Sport, Healthtex, JanSport, Eastpak, Red Kap and The North Face.


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 11.44% in the last month
  • Relative Strength Index 81.70%
  • Barchart computes a technical support level at 72.92
  • Recently traded at 73.99 with a 50 day moving average of 67.73
Fundamental factors:
  • Market Cap $31.91 billion
  • P/E 25.13
  • Dividend yield 1.43%
  • Revenue expected to grow 7.70% this year and another 8.60% next year
  • Earnings estimated to increase 13.20% this year, an additional 13.60% next year and continue to compound at an annual rate of 11.97% for the next 5 years
  • Wall Street analysts issued 7 strong buy, 10 buy and 8 hold recommendations on the stock
Technical trading strategies have not worked well on this stock so please use a 10% moving stop loss to gauge an exit point.

Coty - Barchart's Chart of the Day

Coty Inc (COTY) is the Barchart Chart of the Day.  The cosmetic stock has a Trend Spotter buy signal, a Weighted Alpha of 31.90+, gained 23.90% in the last year while paying a 1.01% dividend.

The Chart of the Day belongs to Coty Inc (COTY).  I found the stock by sorting the All Time High list for the stock having the most frequent new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 11/3 the stock gained 17.42%.

Coty Inc. is involved in the manufacturing, marketing and distribution of beauty products. It operates in three segments: Fragrances, Colour Cosmetics and Skin & Body Care. The Company's brand consists of Adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen. It sells the products through department stores, specialty retailers, perfumeries and pharmacies, mass-market retailers and duty-free shops in airports and cities and e-commerce channels.


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:

  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 2292% in the last month
  • Relative Strength Index 76.37%
  • Barchart computes a technical support level at 19.51
  • Recently traded at 20.09 with a 50 day moving average of 17.66
Fundamental factors:
  • Market Cap $7.13 billion
  • P/E 25.83
  • Dividend yield 101%
  • Revenue expected to be down by .06% this year but grow again by 3.00% next year
  • Earnings estimated to increase by 6.20% this year, an additional 11.60% this year and continue to increase at an annual rate of 9.97% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 4 by and 6 hold recommendations on the stock
Technical trading strategies have not worked well on this stock so I'd use a 10% moving stop loss on this stock to preserve profits.

The 5 Best Mid Caps

Today I wanted to find the 5 mid cap stocks with the most consistent upward momentum.  I used Barchart to sort the S&P 400 Mid Cap Index stocks to find the 5 that had the most new highs in the last month.

Today's list includes Thor Industries (THO), CST Brands (CST), Broadridge Financial Solutions (BR), Domino's Pizza (DPZ) and Ingredion (INGR):

Thor Industries (THO)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 12.12% in the last month
  • Relative strength Index 79.23%
  • Barchart computes a technical support level at 56.98
  • Recently traded at 57.23 with a 50 day moving average of 53.14
CST Brands (CST)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 17.87% in the last month
  • Relative Strength Index 86.78%
  • Barchatt computes a technical support level at 42.94
  • Recently traded at 43.59 with a 50 day moving average of 37.80


Barchart technical indicators:
  • 64% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 6.31% in the last month
  • Relative Strength Index 68.78%
  • Barchart computes a technical support level at 45.21
  • Recently traded at 45.31 with a 50 day moving average of 42.65


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 6.04% in the last month
  • Relative Strength Index 75.65%
  • Barchart computes a technical support level at 91.78
  • Recently traded at 93.09 with a 50 day moving average of 84.61
Ingredion (INGR)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 10 day moving averages
  • 16 new highs and up 8.91% in the last month
  • Relative Strength Index 74.73%
  • Barchart computes a technical support level at 81.71
  • Recently traded at 82.73 with a 50 day moving average of 76.91











BARCHART MORNING CALL 11/25

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 +0.08%) this morning are up +0.08% and European stocks are up +0.79% at a 2-month high. European bank stocks gained and government bond yields dropped to record lows on the prospects for further easing by the ECB after the OECD said the ECB should expand its monetary support due to the weak Eurozone economy and risk of deflation. Asian stocks closed mixed: Japan +0.29%, Hong Kong -0.21%, China +1.37%, Taiwan -0.07%, Australia -0.50%, Singapore +0.13%, South Korea -0.25%, India -0.57%. Chinese stocks continue to find support from Friday's surprise interest rate cut by the PBOC as the Shanghai Stock Index posted a new 3-year high. Commodity prices are mostly higher. Jan crude oil (CLF15 +0.59%) is up +0.36% on speculation that OPEC may try to cut crude output at Thursday's cartel meeting after Iraqi Oil Minister Adel Abdul Mahdi said that action must be taken to boost prices because current levels are "unacceptable." Jan gasoline (RBF15 +0.93%) is up +0.77%. Dec gold (GCZ14 +0.30%) is up +0.34%. Dec copper (HGZ14 +0.22%) is up +0.15%. Agriculture prices are mixed. The dollar index (DXY00 unch) is unchanged. EUR/USD (^EURUSD) is down -0.06%. USD/JPY (^USDJPY) is down -0.20%. Dec T-note prices (ZNZ14 +0.09%) are up +3.5 ticks.
The Organization for Economic Cooperation and Development (OECD) said that "given the weak Eurozone economy and risk of deflation, the ECB should expand its monetary support, including through asset purchases," or "quantitative easing." The OECD kept its 2014 Eurozone GDP estimate at +0.8% and its 2015 estimate at +1.1%, and kept its 2014 Eurozone inflation forecast at +0.5% and 2015 estimate at +0.6%.
German Q3 GDP was left unrevised at +0.1% q/q and +1.2% y/y (nsa), although Q3 exports were revised upward to +1.9% q/q from +0.9% q/q, the most in 3-1/2 years, and Q3 imports were revised higher to +1.7% q/q from +1.6% q/q.
Japan Oct PPI services rose +3.6% y/y, right on expectations and the fastest pace of increase in 23-3/4 years.
U.S. STOCK PREVIEW
Today’s Q3 GDP report is expected to be revised lower to +3.3% (q/q annualized) from last estimate of +3.5%. The market is expecting U.S. home prices to show a moderate increase in September, thus giving a boost to household wealth and consumer confidence. The market consensus is for today’s Sep FHFA house price index to show an increase of +0.4% m/m and for the CaseShiller Composite 20 house price index to show an increase of +0.25% m/m. Today’s Nov U.S. consumer confidence index from the Conference Board is expected to show a +1.5 point increase to 96.0, adding to the +5.5 point increase to a new 7-year high of 94.5 seen in October. The Treasury today will sell $35 billion of 5-year T-notes and $13 billion of 2-year floating-rate notes.
There are 13 of the Russell 1000 companies that report earnings today with notable reports including: HP (consensus $1.06), Tiffany ($0.77), DSW (0.52), Campbell Soup (0.72), Eaton Vance (0.64), Pall Corp (0.80), Hormel Foods (0.64). There are no equity conferences during the remainder of this week.
OVERNIGHT U.S. STOCK MOVERS
Valspar (VAL -0.11%) reported Q4 EPS of $1.38, well above consensus of $1.15.
Campbell Soup (CPB -0.54%) reported Q1 EPS of 74 cents, stronger than consensus of 72 cents.
Pall Corp. (PLL -0.40%) reported Q1 EPS of 89 cents, higher than consensus of 80 cents.
Netflix (NFLX -1.06%) was downgraded to 'Hold' from 'Buy' at Stifel.
Tiffany & Co. (TIF +1.06%) reported Q3 EPS of 76 cents, weaker than consensus of 77 cents.
Hormel Foods (HRL -0.37%) reported Q4 EPS of 63 cents, below consensus of 64 cents.
According to the Wall Street Journal, Honda (HMC -0.19%) said that over an an 11-year period beginning in 2003, it did not report 1,729 death and injury incidents to U.S. regulators.
Post Holdings (POST +0.87%) reported Q4 adjusted EPS of 13 cents, nearly double consensus of 7 cents.
Dycom (DY +0.92%) jumped over 5% in after-hours trading after it reported Q1 EPS of 59 cents, well above consensus of 50 cents.
Ceridian reported an 8.3% stake in FleetCor (FLT +0.04%) .
Aegean Marine (ANW -0.43%) reported Q3 EPS of 20 cents, less than consensus of 21 cents.
Casey's General Stores (CASY +0.75%) announced that it will revise its financial statements for fiscal years 2012, 2013 and 2014 and Q1 of fiscal 2015 for an accounting error and pay the I.R.S. $30.4 million in taxes due as well as $1.1 million in interest to resolve this matter.
Brocade (BRCD +1.65%) reported Q4 EPS of 24 cents, higher than consensus of 23 cents.
Nuance (NUAN +0.53%) rose over 4% in pre-market trading after it reported Q4 EPS of 33 cents, better than consensus of 27 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 +0.08%) this morning are up +1.75 points (+0.08%). The S&P 500 index on Monday closed higher: S&P 500 +0.29%, Dow Jones +0.04%, Nasdaq +0.78%. Bullish factors included (1) carry-over support from a rally in European stocks after the German Nov IFO business climate index unexpectedly rose +1.5 to 104.7, the first increase in the last 7 months, and (2) a rally in retailers and consumer discretionary stocks on optimism for a robust holiday-shopping season after the national Retail Federation predicted that U.S. retail sales will rise +4.1% y/y this holiday season, stronger than the +2.9% average of the past 10 years.
Dec 10-year T-notes (ZNZ14 +0.09%) this morning are up +3.5 ticks. Dec 10-year T-note futures prices on Monday erased early losses and closed higher: TYZ4 +3.00, FVZ4 +2.00. The main bullish factor Monday was exceptional demand for the Treasury’s $28 billion auction of 2-year T-notes that produced a bid-to-cover ratio of 3.71, higher than the 12-auction average of 3.41. Bearish factors included (1) supply pressures as the Treasury auctions $105 billion of T-notes during this holiday-shortened week, and (2) reduced safe-haven demand for T-notes as global stock markets rallied.
The dollar index (DXY00 unch) this morning is unchanged. EUR/USD (^EURUSD) is down -0.0007 (-0.06%). USD/JPY (^USDJPY) is down -0.24 (-0.20%). The dollar index on Monday retreated from a 4-1/3 year high and closed lower. Closes: Dollar index -0.159 (-0.18%), EUR/USD +0.00528 (+0.43%), USD/JPY +0.44 (+0.37%). Negative factors included (1) a rebound in EUR/USD which recovered from a 2-week low after the German Nov IFO business climate index unexpectedly rose for the first time in 7 months, and (2) a rally in global equity markets, which curbed the safe-haven demand for the dollar.
Jan WTI crude oil (CLF15 +0.59%) this morning is up +27 cents (+0.36%) and Jan gasoline (RBF15 +0.93%) is up +0.0156 (+0.77%). Jan crude and Dec gasoline on Monday closed lower. Closes: CLF5 -0.73 (-0.95%), RBF5 -0.0258 (-1.26%). Bearish factors included (1) speculation that OPEC will fail to agree on production cuts at Thursday’s cartel meeting in Vienna, and (2) a forecasted snowstorm for the U.S. northeast later this week that may reduce travel and fuel demand. Losses were muted due to a weak dollar and a rally in stocks.
GLOBAL EVENT CALENDAR11/25/2014
US0830 ETQ3 GDP expected revised to +3.3% (q/q annualized) from last +3.5%. Q3 personal consumption expected +1.9% vs +1.8%. Q3 GDP price index expected unrevised at +1.3%. Q3 core PCE expected unrevised at +1.4%.
0900 ETSep FHFA house price index expected +0.4% m/m, Aug +0.5% m/m. Q3 house price purchase index, Q2 +0.81%.
0900 ETSep S&P/CaseShiller composite-20 home price index expected +0.30% m/m and +4.60% y/y, Aug -0.15% m/m and +5.57% y/y.
1000 ETNov U.S. consumer confidence (Conference Board) expected +1.5 to 96.0, Oct +5.5 to 94.5.
1000 ETNov Richmond Fed manufacturing index expected -4 to 16, Oct +6 to 20.
1130 ETTreasury auctions $13 billion of 2-year floating-rate notes.
1300 ETTreasury auctions $35 billion of 5-year T-notes.
GER0200 ETRevised German Q3 GDP, previous +0.1% q/q and +1.2% y/y (nsa).
EUR0500 ETOECD economic outlook for the Eurozone.
U.S. STOCK CALENDAR11/25/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Hormel Foods CorpHRL USBef-mktQ4 2014 Earnings ReleaseQ4 20140.636
Tech Data CorpTECD USBef-mktQ3 2015 Earnings ReleaseQ3 20151.018
Valspar Corp/TheVAL USBef-mktQ4 2014 Earnings ReleaseQ4 20141.149
Pall CorpPLL US7:00Q1 2015 Earnings ReleaseQ1 20150.804
Signet Jewelers LtdSIG US7:00Q3 2015 Earnings ReleaseQ3 20150.177
Jacobs Engineering Group IncJEC US8:00Q4 2015 Guidance CallQ4 2015
Chico's FAS IncCHS US8:00Q3 2015 Earnings ReleaseQ3 20150.172
Campbell Soup CoCPB US8:30Q1 2015 Earnings CallQ1 2015
Tiffany & CoTIF US8:30Q3 2015 Earnings CallQ3 2015
Pall CorpPLL US8:30Q1 2015 Earnings CallQ1 2015
Signet Jewelers LtdSIG US8:30Q3 2015 Earnings CallQ3 2015
Chico's FAS IncCHS US8:30Q3 2015 Earnings CallQ3 2015
DSW IncDSW US8:30Q3 2015 Earnings CallQ3 2015
Eaton Vance CorpEV US9:00Q4 2014 Earnings ReleaseQ4 20140.643
Tech Data CorpTECD US9:00Q3 2015 Earnings CallQ3 2015
Hormel Foods CorpHRL US9:30Q4 2014 Earnings CallQ4 2014
Eaton Vance CorpEV US11:00Q4 2014 Earnings CallQ4 2014
Valspar Corp/TheVAL US11:00Q4 2014 Earnings CallQ4 2014
Copart IncCPRT US11:00Q1 2015 Earnings CallQ1 2015
Veeva Systems IncVEEV US16:30Q3 2015 Earnings CallQ3 2015
Analog Devices IncADI USAft-mktQ4 2014 Earnings ReleaseQ4 20140.68
Hewlett-Packard CoHPQ USAft-mktQ4 2014 Earnings ReleaseQ4 20141.056
Veeva Systems IncVEEV USAft-mktQ3 2015 Earnings ReleaseQ3 20150.08
Campbell Soup CoCPB USQ1 2015 Earnings ReleaseQ1 20150.721
Tiffany & CoTIF USQ3 2015 Earnings ReleaseQ3 20150.772
DSW IncDSW USQ3 2015 Earnings ReleaseQ3 20150.521

Monday, November 24, 2014

Airgas - Barchart's Chart of the Day

Airgas (ARG) is the Barchart Chart of the Day.  The industrial specialty gases stock has a Trend Spotter buy signal, A Weighted Alpha of 10.70+, gained 6.44% in the last year while paying a 1.89% dividend.

The Chart of the Day belongs to Airgas (ARG).  I found the stock by sorting the All Time High List for the stocks with the most frequent new highs In the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/21 the stock gained 2.85%.

Airgas, Inc., through its subsidiaries, is the largest U.S. distributor of industrial, medical, and specialty gases, and hardgoods, such as welding equipment and supplies. Airgas is also the third-largest U.S. distributor of safety products, the largest U.S. producer of nitrous oxide and dry ice, the largest liquid carbon dioxide producer in the Southeast, and a leading distributor of process chemicals, refrigerants, and ammonia products. More than eleven thousand employees work in about nine hundred locations including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also distributes its products and services through eBusiness, catalog and telesales channels. Its national scale and strong local presence offer a competitive edge to its diversified customer base.


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

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 6.43% in the last month
  • Relative Strength Index 68.24%
  • Barchat computes a technical support level at 115.74
  • Recently traded at 117.09 with a 50 day moving average of 111.28
Fundamental factors:
  • Market Cap $8.73 billion
  • P/E 24.23
  • Dividend yield 1.89%
  • Revenue expected to grow 5.30% this year and another 6.60% next year
  • Earnings estimated to increase 7.00% this year, an additional 13.50% next year and continue to compound at an annual rate of 11.27% over the next 5 years
  • Wall Street analysts issued 5 strong buy, 2 buy, 9 hold and 2 under perform recommendations on the stock.
There really hasn't been a good technical trading strategy on this stock so I'd recommend a moving stop loss at 10% below its recent high.

5 Best Large Caps

Today I wanted to find the 5 large cap stocks that had the most consistent upward momentum this past month.  I used Barchart to sort the S&P 500 Large Cap stock index to find the stocks that had the most frequent new highs in the last month.

The stocks making the cut are: Sherwin-Williams (SHW), Lowe's (LOW), Omnicom Group (OMC), Red Hat (RHT) and Archer Daniels Midland (ADM):

Sherwin-Williams (SHW)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 5.79% in the last month
  • Relative Strength Index 73.31%
  • Barchart computes a technical support level at 238.34
  • Recently traded at 242.05 with a 50 day moving average of 224.54
Lowe's (LOW)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 15.13% in the last month
  • Relative Strength Index 85.76%
  • Barchatt computes a technical support level at 62.00
  • Recently traded at 63.62 with a 50 day moving average of 55.53


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 8.29% in the last month
  • Relative Strength Index 76.35%
  • Barchart computes a technical support level at 74.49
  • Recently traded at 76.13 with a 50 day moving average of 70.12
Red Hat (RHT)


Barchart technical indicators:
  • 48% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 11.19% in the last month
  • Relative Strength Index 64.55%
  • Barchart computes a technical support level at 60.76
  • Recently traded at 62.30 with a 50 day moving average of 58.35


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 16.50% in the last month
  • Barchart computes a technical support level at 51.76
  • Recently traded at 53.06 with a 50 day moving average of 49.01










BARCHART MORNING CALL 11/24

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 +0.24%) this morning are up +0.18% and European stocks are up +0.99% at a 1-3/4 month high after German business confidence unexpectedly rose for the first time in 7 months. European bank stocks and government bonds also rose on speculation the ECB will expand stimulus after ECB President Draghi last Friday said the ECB needs to accelerate inflation and may broaden its asset-purchase program. 10-year government bond yields from France, Italy and Spain all fell to record lows on speculation the ECB will soon begin to buy sovereign debt. Asian stocks closed mostly higher: Japan closed for holiday, Hong Kong +1.95%, China +2.55%, Taiwan +0.34%, Australia +1.08%, Singapore -0.14%, South Korea +0.98%, India +0.58%. China's Shanghai stock Index soared to a 3-year high as the Asian markets reacted for the first time to the surprise interest rate cut by the PBOC that was done after the Asian markets closed last Friday. Commodity prices are mostly lower. Dec crude oil (CLF15 -0.55%) is down -0.41%. Dec gasoline (RBF15 -0.68%) is down -0.58%. Dec gold (GCZ14 -0.35%) is down -0.23%. Dec copper (HGZ14 -0.08%) is up +0.02%. Agriculture prices are mostly lower. The dollar index (DXY00 -0.09%) is down -0.09%. EUR/USD (^EURUSD) recovered from a 2-week low and is up +0.17% after the German IFO business confidence unexpectedly improved. USD/JPY (^USDJPY) is up +0.38%. Dec T-note prices (ZNZ14 -0.09%) are down -4 ticks.
The German Nov IFO business climate unexpectedly rose +1.5 to 104.7, better than expectations of -0.2 to 103.0. The Nov IFO current assessment rose +1.6 to 110.0, better than expectations of -0.4 to 108.0. The Nov IFO expectations rose +1.6 to 99.7, stronger than expectations of +0.2 to 98.5.
ECB Governing Council member Ewald Nowotny said that the ECB should wait for the effects of measures already taken before adding more stimulus measures as monetary policy works with a long delay.
U.S. STOCK PREVIEW
There are no major U.S. economic reports today.  The Treasury today will sell $28 billion of 2-year T-notes.  There are 6 of the Russell 1000 companies that report earnings today:  Brocade Communications (consensus $0.23), Copart (0.37), Nuance Communications (0.28), Workday (-0.10), Palo Alto Networks (0.12), American Realty Capital Properties (0.24).  Equity conferences this week includes:  Brean Capital Life Science Conference on Mon, Smart Grid World Conference 2014 on Mon, UBS India Conference on Mon.
OVERNIGHT U.S. STOCK MOVERS
Deutsche Bank keeps its 'Buy' rating on Hewlett-Packard (HPQ +0.89%) and raises its prices target on the stock to $45 from $40.
Standard Pacific (SPF -0.52%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.
Copa Holdings (CPA +0.01%) was downgraded to 'Hold' from 'Buy' at Deutsche Bank.
Tesla (TSLA -2.38%) rose over 1% in pre-market trading after Reuters reported that Tesla is in negotiations with BMW about partnering on batteries and lightweight components.
Verizon (VZ +0.04%) was downgraded to 'Neutral' from 'Buy' at Citigroup.
Ulta Salon (ULTA +0.27%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Chicago Bridge & Iron (CBI +1.91%) and Jacobs Engineering (JEC +0.68%) were both downgraded to 'Sell' from 'Neutral' at Goldman Sachs.
Trina Solar (TSL +4.10%) reported Q3 EPS of 14 cents, less than consensus of 15 cents.
AMC Entertainment (AMC -2.38%) was initiated with a 'Buy' at Goldman Sachs with a price target of $30.
Lockheed Martin (LMT +1.28%) is being awarded a $4.12 billion government contract modification for the production of 43 Low Rate Initial Production Lot VIII F-35 Lightning II aircraft.
Glenhill Advisors reported a 12.5% passive stake in The Joint (JYNT -1.66%) .
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 +0.24%) this morning are up +3.75 points (+0.18%). The S&P 500 index on Friday soared to a new record high and closed higher: S&P 500 +0.52%, Dow Jones +0.51%, Nasdaq +0.22%. Bullish factors included (1) the action by the PBOC to cut interest rates for the first time in over 2 years, which boosted optimism in the global economic outlook, and (2) carry-over support from a rally in European equities on speculation the ECB will expand its stimulus measures after ECB President Draghi said he will do what is necessary to raise inflation in the Eurozone as fast as possible.
Dec 10-year T-notes (ZNZ14 -0.09%) this morning are down -4 ticks. Dec 10-year T-note futures prices on Friday closed higher: TYZ4 +4.00, FVZ4 +2.75. Bullish factors included (1) carry-over support from a rally in German bunds to a 5-week high after comments from ECB President Draghi bolstered speculation the ECB may expand stimulus, and (2) comments from Fed Governor Tarullo who said that trading physical commodities poses “unique risks” to banks and that regulators should examine additional capital requirements for lenders that trade commodities, which may boost banks’ demand for Treasuries to satisfy their capital requirements.
The dollar index (DXY00 -0.09%) this morning is down -0.076 (-0.09%). EUR/USD (^EURUSD) is up +0.0021 (+0.17%). USD/JPY (^USDJPY) is up +0.45 (+0.38%). The dollar index on Friday rallied to a 4-1/3 year high and closed higher. Closes: Dollar index +0.719 (+0.82%), EUR/USD -0.01501 (-1.20%), USD/JPY -0.376 (-0.32%). Bullish factors included (1) weakness in EUR/USD which fell to a 2-week low after ECB President Draghi reiterated his commitment to raising inflation as fast as possible, which suggests the ECB may yet implement full-blown quantitative easing, and (2) improved interest rate differentials for the dollar against other major global currencies as the Fed cuts back on stimulus while the PBOC, BOJ and ECB cut interest rates and expand their stimulus measures.
Jan WTI crude oil (CLF15 -0.55%) this morning is down -31 cents (-0.41%) and Jan gasoline (RBF15 -0.68%) is down -0.119 (-0.58%). Jan crude and Dec gasoline on Friday rallied to 1-week highs and closed higher. Closes: CLF5 +0.66 (+0.87%), RBF5 +0.0289 (+1.43%). Bullish factors included (1) China’s interest rate cut, which may boost economic growth and energy demand in China, the world’s second-biggest consumer of crude oil, and (2) the rally in the S&P 500 to a record high, which bolsters optimism for the U.S. economic outlook and fuel demand.
GLOBAL EVENT CALENDAR11/24/2014
US0830 ETOct Chicago Fed national activity index expected -0.07 to 0.40, Sep 0.47.
0945 ETPreliminary Nov Markit services PMI expected +0.1 to 57.2, Oct -1.8 to 57.1. Nov Markit composite PMI, Oct was -1.8 to 57.2.
1030 ETNov Dallas Fed manufacturing activity expected -2.5 to 8.0, Oct -0.3 to 10.5.
1300 ETTreasury auctions $28 billion of 2-year T-notes.
1100 ETUSDA weekly grain export inspections.
1600 ETUSDA weekly crop progress.
GER0400 ETGerman Nov IFO business climate expected -0.2 to 103.0, Oct 103.2. Nov IFO current assessment expected -0.4 to 108.0, Oct 108.4. Nov IFO expectations expected +0.2 to 98.5, Oct 98.3.
JPNn/aJapanese markets closed for Labor Thanksgiving Day holiday.
1850 ETJapan Oct PPI services expected +3.6% y/y, Sep +3.5% y/y.
U.S. STOCK CALENDAR11/24/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Brocade Communications Systems IncBRCD US16:00Q4 2014 Earnings ReleaseQ4 20140.227
Palo Alto Networks IncPANW US16:30Q1 2015 Earnings CallQ1 2015
Nuance Communications IncNUAN US17:00Q4 2014 Earnings CallQ4 2014
Workday IncWDAY US17:00Q3 2015 Earnings CallQ3 2015
Copart IncCPRT USAft-mktQ1 2015 Earnings ReleaseQ1 20150.366
Nuance Communications IncNUAN USAft-mktQ4 2014 Earnings ReleaseQ4 20140.275
Workday IncWDAY USAft-mktQ3 2015 Earnings ReleaseQ3 2015-0.095
Palo Alto Networks IncPANW USAft-mktQ1 2015 Earnings ReleaseQ1 20150.121
Brocade Communications Systems IncBRCD US17:30Q4 2014 Earnings CallQ4 2014
American Realty Capital Properties IncARCP USQ3 2014 Earnings ReleaseQ3 20140.241

Friday, November 21, 2014

Validus Holdings - Barchart's Chart of the Day

Validus Holdings (VR) is the Barchart Chart of the Day.  The insurance stock has a Trend Spotter buy  signal, a Weighted Alpha of 9.50+ , gained 6.38% in the last year while paying a 2.93% dividend.

The Chart of the Day belongs to Validus Holdings (VR).  I found the stock by sorting the All Time High list for the best Barchart technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 9/26 the stock gained 4.09%.

Validus Holdings, Ltd., through its principal operating subsidiary Validus Reinsurance, Ltd., is a global provider of short-tail lines of reinsurance including property catastrophe, property pro-rata and property per risk, marine and energy, and other specialty lines. Validus was formed in December following the significant natural catastrophes of 2005 with an experienced management team and an unencumbered capital base of approximately $ 1 billion.


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 3.26% in the last month
  • Relative Strength Index 71.00%
  • Barchart computes a technical support level at 40.97
  • Recently traded at 41.20 with a 50 day moving average of 39.58
Fundamental factors:
  • Market Cap $3.75 billion
  • P/E 8.77
  • Dividend yield 2.93%
  • Revenue expected to decrease this year by 6.20% but grow again next year by 7.60%
  • Earnings are predicted to shrink 8.40% this year and shrink again next year by another 1.40% but to increase and compound at an annual rate of 4.68% over the next 5 years
  • Wall Street analysts issued 1 strong buy, 5 buy and 4 hold recommendation on the stock
The best technical trading strategy on this stock has been the 20 - 100 day MACD oscillator.

High Groth Stocks with Momentum

I like growth, I like momentum and I like positive investor sentiment.  I wanted to find all 3 so I took a list of stocks analysts picked as high growth and ran them through Barchart to find the 5 with the most frequent new highs in the last month to get today's list.

The list includes Jarden (JAH), Nike (NKE), O'Reilly Automotive (ORLY), Taser International (TASR) and AmerisourceBergen (ABC):

Jarden (JAH)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 13.63% in the last month
  • Revenue expected to grow 11.10% this year and another 3.80% next year
  • Earnings estimated to increase 9.70% this year, an additional 12.40% next year and continue to increase at an annual rate of 12.70 for the next 5 years
  • Wall Street analysts issued 5 strong buy, 9 buy and 2 hold recommendations
Nike (NKE)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 7.42% in the last month
  • Revenue expected to grow 10.60% this year and another 9.00% next year
  • Earnings estimated to increase 21.50% this year, an additional 14.70% next year and continue to compound at an annual rate of 12.70^ for the next 5 years
  • Wall Street analysts issued 7 strong buy, 14 buy, and 6 hold recommendations on the stock


Barchart technical indicators:
  • 64% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 12.51% in the last month
  • Revenue expected to grow 8.10% this year and another 6.50% next year
  • Earnings estimated to increase 20.20% this year, an additional 14.30% next year and continue to increase at an annual rate of 16.20% for at least the next 5 years
  • Wall Street analysts issued 7 strong buy, 8 buy and 10 hold recommendations on the stock


Barchart technical indicators:
  • 56% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 28.40% in the last month
  • Revenue expected to grow 16.30% this year and another 10.90% next year
  • Earnings estimated to increase 2.70% this year, an additional 23.70% next year and continue to increase at an annual rate of 30.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 2 buy and 1 hold recommendation on the stock


Barchart technical indicators:
  • 64% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 2, 50 and 100 day moving averages
  • 14 new highs and up 15.64% in the last month
  • Revenue expected to grow 7.40% this year and another 4.30% next year
  • Earnings estimated to increase 11.60% this year, 13.30% next year and continue to increase at an annual rate of 13.28% for the next 5 years
  • Wall Street analysts issued 6 strong buy, 7 buy and 7 hold recommendations on the stock