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










BARCHART MORNING CALL 10/22

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 -0.21%) this morning fell back from a 1-week high in overnight trade and are down -0.15% and European stocks slipped -0.09% after ECB Governing Council member Luc Coene told the L'Echo newspaper that the ECB has "no concrete proposal" on corporate bond buying and that "it's too early to say if we'll adopt additional stimulus measures." European stocks had rallied on Tuesday after Reuters reported that the ECB is considering corporate-bond purchases to fight the threat of deflation in the Eurozone. Asian stocks closed mostly higher: Japan +2.64%, Hong Kong +1.37%, China -0.61%, Taiwan +1.09%, Australia +1.14%, Singapore closed for holiday, South Korea +1.09%, India +0.80%. Japan's Nikkei Stock Index rose to a 1-week high on signs of a rebound in the Japanese economy after Japan Sep exports rose more than expected by the most in 7 months. Commodity prices are mixed. Dec crude oil (CLZ14 +0.25%) is up +0.27%. Dec gasoline (RBZ14 +0.58%) is up +0.65%. Dec gold (GCZ14 -0.25%) is down -0.46%. Dec copper (HGZ14 +0.36%) is up +0.33%. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 +0.13%) is up +0.24%. EUR/USD (^EURUSD) is down -0.15%. USD/JPY (^USDJPY) is down -0.01%. GBP/USD is down -0.37% after the minutes of the Oct 8-9 BOE policy meeting showed a majority of policy makers saw increased risks to the UK economy from a slump in the Eurozone. Dec T-note prices (ZNZ14 +0.09%) are up +0.5 of a tick.
The Japan Sep trade balance unexpectedly widened to a deficit of -958.3 billion yen from a revised -949.7 billion yen deficit in Aug, when expectations were for the deficit to shrink to -780.0 billion yen. Sep exports rose +6.9% y/y, more than expectations of +6.5% y/y and the most in 7 months. Sep imports climbed +6.2% y/y, over double expectations of +2.7% y/y.
The minutes of the Oct 8-9 BOE policy meeting showed members voted 7-2 to keep the policy rate unchanged at 0.50% and 9-0 to maintain the asset purchase target at 375 billion pounds. Most BOE members expressed concern over risks to the UK recovery from slowing global economic growth and weaker Eurozone economy, with a majority of the members saying the CPI outlook doesn't justify a rate increase.
U.S. STOCK PREVIEW
The market is expecting today’s Sep CPI report to ease to a 6-month low of +1.6% y/y from +1.7% in August.  Meanwhile, the market is expecting today’s Sep core CPI to remain unchanged from August’s 6-month low of +1.7% y/y.  There are 32 of the S&P 500 companies that report earnings today with notable reports including:  AT&T (consensus $0.64), Abbott Labs (0.60), Boeing (1.97), Dow Chemical (0.67), General Dynamics (1.91), Northern Trust (0.87), US Bancorp (0.78), Northrup Grumman (2.13), Ingersoll-Rand (1.03), Citrix (0.73).  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
VMware (VMW +0.60%) dropped nearly 2% in pre-market trading after reported Q3 EPS of 87 cents, higher than consensus of 83 cents, but then lowered guidance for Q4 sales to $1.67 billion to $1.171 billion, below consensus of $1.71 billion.
Boeing (BA +2.26%) reported Q3 EPS of $2.14, well ahead of consensus of $1.97.
Ingersoll-Rand PLC (IR +2.08%) reported Q3 EPS of $1.10, stronger than consensus of $1.03.
Stanley Black & Decker (SWK +1.93%) reported Q3 EPS of $1.55, better than consensus of $1.44.
Northrop Grumman (NOC +1.17%) reported Q3 EPS of $2.26, higher than consensus of $2.13.
Nabors Industries (NBR +4.36%) reported Q3 ex-items EPS of 39 cents, better than consensus of 36 cents.
Unisys (UIS +1.41%) reported Q3 adjusted EPS of $1.30, more than twice consensus of 60 cents.
Six Flags (SIX +3.92%) reported Q3 EPS ex-items of $1.56, higher than consensus of $1.50.
E-Trade (EFTC) reported Q3 EPS of 29 cents, better than consensus of 22 cents.
FMC Technologies (FTI +3.56%) reported Q3 EPS of 72 cents, less than consensus of 74 cents.
Intuitive Surgical (ISRG +2.17%) gained over 2% in after-hours trading after it reported adjusted Q3 EPS of $3.92, stronger than consensus of $3.80.
Discover (DFS +2.68%) reported Q3 EPS of $1.37, higher than consensus of $1.34.
Yahoo (YHOO +2.29%) climbed over 2% in after-hours trading after it reported Q3 EPS of 52 cents, much better than consensus of 30 cents.
Broadcom (BRCM +2.84%) jumped 6% in after-hours trading after it reported Q3 adjusted EPS of 91 cents, well above consensus of 84 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 -0.21%) this morning are down -3.00 points (-0.15%). The S&P 500 index on Tuesday rallied up to a 1-1/2 week high and closed sharply higher: S&P 500 +1.96%, Dow Jones +1.31%, Nasdaq +2.62%. Bullish factors included (1) signs of U.S. economic strength after Sep existing home sales rose +2.4% to 5.17 million, better than expectations of +1.0% to 5.10 million and the most in a year, (2) strength in technology stocks after Apple gained more than 2% when it reported stronger-than-expected Q4 earnings results, and (3) reduced Chinese economic concerns after China Q3 GDP rose +7.3% y/y, a faster pace of expansion than expectations of +7.2% y/y.
Dec 10-year T-notes (ZNZ14 +0.09%) this morning are up +0.5 of a tick. Dec 10-year T-note futures prices on Tuesday closed lower. Closes: TYZ4 -5.00, FVZ4 -1.25. Negative factors included (1) the larger-than-expected increase in Sep existing home sales by the most in a year, and (2) reduced safe-haven demand for T-notes after the S&P 500 rallied up to a 1-1/2 week high.
The dollar index (DXY00 +0.13%) this morning is up +0.208 (+0.24%). EUR/USD (^EURUSD) is down -0.0019 (-0.15%). USD/JPY ^USDJPY) is down -0.02 (-0.02%). The dollar index on Tuesday closed higher on signs of U.S. economic strength after Sep existing home sales rose more than expected by the most in a year. Closes: Dollar index +0.397 (+0.47%), EUR/USD -0.00837 (-0.65%), USD/JPY +0.05 (+0.05%). EUR/USD retreated after Reuters reported that unidentified sources familiar with the situation said the ECB could make a decision on adding corporate bond purchases to its easing measures as soon as December.
Dec WTI crude oil (CLZ14 +0.25%) this morning is up +22 cents (+0.27%) and Dec gasoline (RBZ14 +0.58%) is up +0.0141 (+0.65%). Dec crude and Dec gasoline on Tuesday closed higher. Closes: CLZ4 +0.58 (+0.71%), RBZ4 +0.0145 (+0.68%). Bullish factors included (1) signs of stronger Chinese oil demand after China Q3 GDP grew at a faster than expected pace and after China Sep crude processing rose +9.1% y/y to 10.3 million bpd, the most in 15 months, and (2) the stronger-than-expected U.S. Sep existing home sales that boosted stocks and bolstered the economic outlook.
GLOBAL EVENT CALENDAR10/22/2014
US0700 ETWeekly MBA mortgage applications, previous +5.6% with purchase sub-index -0.7% and refi sub-index +10.6%.
0830 ETSep CPI expected unch m/m and +1.6% y/y, Aug -0.2% m/m and +1.7% y/y. Sep CPI ex food & energy expected +0.1% m/m and +1.7% y/y, Aug unch m/m and +1.7% y/y.
1030 ETEIA Weekly Petroleum Status Report.
1500 ETUSDA Sep Cold Storage.
UK0430 ETMinutes of the Oct 8-9 BOE policy meeting.
JPN2135 ETJapan Oct Markit/JMMA manufacturing PMI expected unch at 51.7.
CHI2145 ETChina Oct HSBC manufacturing PMI expected unch at 50.2, Sep unch at 50.2.
U.S. STOCK CALENDAR10/22/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Abbott LaboratoriesABT USBef-mktQ3 2014 Earnings ReleaseQ3 20140.598
Boeing Co/TheBA USBef-mktQ3 2014 Earnings ReleaseQ3 20141.969
Dow Chemical Co/TheDOW USBef-mktQ3 2014 Earnings ReleaseQ3 20140.673
Biogen Idec IncBIIB USBef-mktQ3 2014 Earnings ReleaseQ3 20143.488
General Dynamics CorpGD USBef-mktQ3 2014 Earnings ReleaseQ3 20141.912
Northern Trust CorpNTRS USBef-mktQ3 2014 Earnings ReleaseQ3 20140.87
Simon Property Group IncSPG USBef-mktQ3 2014 Earnings ReleaseQ3 20141.856
Interpublic Group of Cos Inc/TheIPG USBef-mktQ3 2014 Earnings ReleaseQ3 20140.211
US Bancorp/MNUSB USBef-mktQ3 2014 Earnings ReleaseQ3 20140.779
Stanley Black & Decker IncSWK US6:00Q3 2014 Earnings ReleaseQ3 20141.443
Thermo Fisher Scientific IncTMO US6:00Q3 2014 Earnings ReleaseQ3 20141.69
Northrop Grumman CorpNOC US7:00Q3 2014 Earnings ReleaseQ3 20142.133
Boston Scientific CorpBSX US7:00Q3 2014 Earnings ReleaseQ3 20140.195
Xerox CorpXRX US7:00Q3 2014 Earnings ReleaseQ3 20140.263
Sigma-Aldrich CorpSIAL US7:00Q3 2014 Earnings ReleaseQ3 20141.058
Ingersoll-Rand PLCIR US7:00Q3 2014 Earnings ReleaseQ3 20141.028
Ryder System IncR US7:55Q3 2014 Earnings ReleaseQ3 20141.628
Norfolk Southern CorpNSC US8:00Q3 2014 Earnings ReleaseQ3 20141.827
Boston Scientific CorpBSX US8:00Q3 2014 Earnings CallQ3 2014
Stanley Black & Decker IncSWK US8:00Q3 2014 Earnings CallQ3 2014
Hudson City Bancorp IncHCBK US8:00Q3 2014 Earnings ReleaseQ3 20140.056
Amphenol CorpAPH US8:00Q3 2014 Earnings ReleaseQ3 20140.569
Thermo Fisher Scientific IncTMO US8:30Q3 2014 Earnings CallQ3 2014
ACE LtdACE US8:30Q3 2014 Earnings CallQ3 2014
Biogen Idec IncBIIB US8:30Q3 2014 Earnings CallQ3 2014
EMC Corp/MAEMC US8:30Q3 2014 Earnings ReleaseQ3 20140.462
EMC Corp/MAEMC US8:30Q3 2014 Earnings CallQ3 2014
Interpublic Group of Cos Inc/TheIPG US8:30Q3 2014 Earnings CallQ3 2014
Norfolk Southern CorpNSC US8:45Q3 2014 Earnings CallQ3 2014
Abbott LaboratoriesABT US9:00Q3 2014 Earnings CallQ3 2014
Parker-Hannifin CorpPH US9:00Annual General MeetingY 2014
Dow Chemical Co/TheDOW US9:00Q3 2014 Earnings CallQ3 2014
FMC Technologies IncFTI US9:00Q3 2014 Earnings CallQ3 2014
General Dynamics CorpGD US9:00Q3 2014 Earnings CallQ3 2014
US Bancorp/MNUSB US9:00Q3 2014 Earnings CallQ3 2014
Xerox CorpXRX US10:00Q3 2014 Earnings CallQ3 2014
Ingersoll-Rand PLCIR US10:00Q3 2014 Earnings CallQ3 2014
Boeing Co/TheBA US10:30Q3 2014 Earnings CallQ3 2014
Ryder System IncR US11:00Q3 2014 Earnings CallQ3 2014
Nabors Industries LtdNBR US11:00Q3 2014 Earnings CallQ3 2014
Simon Property Group IncSPG US11:00Q3 2014 Earnings CallQ3 2014
Northrop Grumman CorpNOC US12:00Q3 2014 Earnings CallQ3 2014
Northern Trust CorpNTRS US12:00Q3 2014 Earnings CallQ3 2014
Amphenol CorpAPH US13:00Q3 2014 Earnings CallQ3 2014
CR Bard IncBCR US16:05Q3 2014 Earnings ReleaseQ3 20142.099
Citrix Systems IncCTXS US16:05Q3 2014 Earnings ReleaseQ3 20140.728
CA IncCA US16:05Q2 2015 Earnings ReleaseQ2 20150.623
AT&T IncT US16:30Q3 2014 Earnings CallQ3 2014
Citrix Systems IncCTXS US16:45Q3 2014 Earnings CallQ3 2014
Lam Research CorpLRCX US17:00Q1 2015 Earnings CallQ1 2015
Tractor Supply CoTSCO US17:00Q3 2014 Earnings CallQ3 2014
CR Bard IncBCR US17:00Q3 2014 Earnings CallQ3 2014
CA IncCA US17:00Q2 2015 Earnings CallQ2 2015
Varian Medical Systems IncVAR US17:00Q4 2014 Earnings CallQ4 2014
Lam Research CorpLRCX USAft-mktQ1 2015 Earnings ReleaseQ1 20150.931
Tractor Supply CoTSCO USAft-mktQ3 2014 Earnings ReleaseQ3 20140.503
AT&T IncT USAft-mktQ3 2014 Earnings ReleaseQ3 20140.637
Torchmark CorpTMK USAft-mktQ3 2014 Earnings ReleaseQ3 20141.024
Equifax IncEFX USAft-mktQ3 2014 Earnings ReleaseQ3 20140.987
Varian Medical Systems IncVAR USAft-mktQ4 2014 Earnings ReleaseQ4 20141.211
Leggett & Platt IncLEG USAft-mktQ3 2014 Earnings ReleaseQ3 20140.487
O'Reilly Automotive IncORLY US18:30Q3 2014 Earnings ReleaseQ3 20141.955
Seagate Technology PLCSTX USAnnual General Meeting

Tuesday, October 21, 2014

Agios Pharmaceuticals - Barchart's Chart of the Day

Agios Pharmceuticals (AGIO) is the Barchart Chart of the Day.  The pharmaceutical stock has a Trend Spotter buy signal, a Weighted Alpha of 121.70+ and gained 149.69% in the last year.

The Chart of the Day belongs to Agios Pharmaceuticals (AGIO), I found the stock by sorting the All Tine High list for the best technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 8/18 the stock gained 70.27%.

Agios Pharmaceuticals, Inc. is a biopharmaceutical company. It discovers and develops therapeutics in the field of cancer metabolism and inborn errors of metabolism. The Company's products include AG-221, AG-120, enzyme glutaminase and AG-348.


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 avergaes
  • 8 new highs and up 47.03% in the last month
  • Relative Strength Index 73.88%
  • Barchart computes a technical support level at 62.14
  • Recently traded at 72.61 with a 50 day moving average of 51.78
Fundamental factors:
  • Market Cap $2.47 billion
  • Revenue expected to grow 4250% this year and another 107.00% next year
  • Earnings are estimated to increase 31.40% this year and an additional 22.70% next year
  • Wall Street analysts issued 2 strong buy and 3 buy recommendations n the stock
Watch the 50 and 100 day moving averages for your signals of weakness and exit points.

Universal Security Instruments - Buy Signals

Today I added Universal Security Instruments (UUU) to the Barchart Van Meerten Speculative portfolio for positive price momentum:


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 45.72% in the last month
  • Relative Strength Index 90.28%
  • Barchart computes a technical support level at 5.43
  • Recently traded at 5.96 with a 50 day moving average of 4.41


American Realty Capital Healthcare -- Buy Signals

Today I added American Realty Capital Healthcare (HCT) to the Barchart Van Meerten New High portfolio for positive price momentum:


Barchart technical indicators:
  • 48% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 7.29% in the last month
  • Relative Strength Index 74.31
  • Barchart computes a technical support level at 10.95
  • Recently traded at 11.17 with a 50 day moving average of 10.76


SBUX, XOM,PG May be Turning the Corner

I like to see what the technical indicators say each day on some of the most popular stocks and post those results on my Stock Picks Blog.  Today Starbucks (SBUX), Exxon Mobil (XOM) and Proctor & Gamble (PG) all still have Trend Spotter sell signals but those signals are beginning to weaken and just may turn to corner soon:

Starbucks (SBUX)


Barchart technical indicators:
  • 32% technical sell signals
  • Trend Spotter sell signal but weakening
  • Above its 20 day moving average but still below its 50 and 100 day moving averages
  • 9.88% below its recent high
  • Relative Strength Index 50.04%
  • Barchart computes a technical support level at 72.28
  • Recently traded at 74.31 which is below its 50 day moving average of 75.83


Barchart technical indicators:
  • 48% technical sell signals
  • Trend Spotter sell signal but weakening
  • Below its 20, 50 and 100 day moving averages
  • 11.58% off its recent high
  • Relative Strength Index 45.61%
  • Barchart computes a technical support level at 90.17
  • Recently traded at 92.65 which is below its 50 day moving average of 96.08


Barchart technical indicators:
  • 48% Barchart technical buy signal
  • Trend Spotter sell signal but weakening
  • Above its 20, 50 and 100 day moving averages
  • Only 1.95% below its recent high
  • Relative Strength Index 53.95%
  • Barchart computes a technical support level at 82.28
  • Recently traded at 84.32 which is above its 50 day moving average of 83.46







BARCHART MORNING CALL 10/21

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 +0.74%) this morning are up +0.67% at a 1-week high and European stocks are up +1.61% as Apple rose 2% in pre-market trading after it reported stronger-than-expected Q4 earnings results late yesterday. Another supportive factor for stocks was strength in the Chinese economy after Q3 China GDP grew more than expected. Asian stocks closed mixed: Japan -2.03%, Hong Kong +0.08%, China -0.87%, Taiwan -0.10%, Australia +0.11%, Singapore +0.68%, South Korea -0.99%, India +0.55%. Chinese stocks closed lower after the stronger-than-expected China Q3 GDP dampened speculation the government will boost economic stimulus measures. Commodity prices are mixed. Nov crude oil (CLX14 +0.27%) is up +0.58%. Nov gasoline (RBX14 +0.52%) is up +0.57%. Dec gold (GCZ14 +0.38%) is up +0.32% at a 1-1/4 month high on expectations the Fed may push back interest rate increases. Dec copper (HGZ14 +0.64%) is up +0.30%. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 +0.27%) is up +0.23%. EUR/USD (^EURUSD) is down -0.35%. USD/JPY (^USDJPY) is down -0.06%. Dec T-note prices (ZNZ14 -0.12%) are down -8.5 ticks.
China Q3 GDP rose +1.9% q/q and +7.3% y/y, stronger than expectations of +1.8% q/q and +7.2% y/y. Despite beating expectations, the +7.3% y/y increase was the slowest pace of expansion in 5-1/2 years.
China Sep industrial production rose +8.0% y/y, better than expectations of +7.5% y/y.
China Sep retail sales climbed +11.6% y/y, less than expectations of +11.7% y/y and the slowest pace of growth in 3-1/2 years.
China Sep fixed assets investment (ex-rural households) rose +16.1% year-to-date y/y, less than expectations of +16.3% year-to-date y/y and the slowest pace of increase in 12-3/4 years.
UK Sep public sector net borrowing rose +11.1 billion pounds, more than expectations of +10.1 billion pounds.
Japan Aug all-industry activity index fell -0.1% m/m, a smaller decline than expectations of -0.4% m/m, but still the third consecutive monthly drop.
U.S. STOCK PREVIEW
The market is expecting today’s Sep existing home sales report to show a +1.0% increase to 5.10 million, reversing some of the -1.8% decline to 5.05 million seen in August.   There are 24 of the S&P 500 companies that report earnings today with notable reports including:  Lockheed Martin (2.72), Coca-Cola (0.53), United Technologies (1.81), Kimberly-Clark (1.54), Harley-Davidson (0.59), McDonald's (1.37), E-Trade (0.22), Intuitive Surgical (3.81), Yahoo (0.30).  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
Lockheed Martin (LMT -0.40%) reported Q3 EPS of $2.76, higher than consensus of $2.72.
Harley-Davidson (HOG -0.43%) reported Q3 EPS of 69 bents, better than consensus of 59 cents.
The Travelers Cos. (TRV -0.04%) reported Q3 EPS of $2.61, well above consensus of $2.26.
Verizon (VZ +0.85%) reported Q3 EPS of 89 cents, less than consensus of 90 cents.
Brown & Brown (BRO +0.75%) reported Q3 EPS of 47 cents, right on consensus, although Q3 revenue of $421.3 million was slightly less than consensus of $425.4 million.
SAB Capital Advisors reported a 5.1% passive stake in Men's Wearhouse (MW +0.65%) .
Celanese (CE +2.13%) reported Q3 adjusted EPS of $1.61, much better than consensus $1.44, and then raised guiadance on fiscal 2014 adjusted EPS view to $5.55-$5.65, well above consensus of $5.33.
Texas Instruments (TXN +1.69%) gained 3% in after-hours trading ater it reported Q3 EPS of 76 cents, better than consensus of 71 cents.
Apple (AAPL +2.14%) climbed more than 2% in after-hours trading after it reported Q4 EPS of $1.42, well ahead of consensus of $1.31.
Rent-A-Center (RCII +0.25%) reported Q3 EPS of 48 cents, higher than consensus of 47 cents, although Q3 revenue of $769.5 million was below consensus of $773.32 million.
Illumina (ILMN -0.27%) rose more than 7% in after-hours trading after it reported Q3 adjusted EPS of 77 cents, much higher than consensus of 56 cents, and then raised guidance on fiscal 2014 EPS view to $2.63-$2.65, well ahead of consensus of $2.30.
Cadence Design (CDNS +0.73%) reported Q3 adjusted EPS of 26 cents, better than consensus of 24 cents.
Werner (WERN +1.22%) reported Q3 EPS of 36 cents, right on consensus, although Q3 revenue of $551.96 million was higher than consensus of $542.95 million.
Chipotle (CMG +1.76%) reported Q3 EPS of $4.15, well above consensus of $3.84.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 +0.74%) this morning are up +12.75 points (+0.67%) at a 1-week high. The S&P 500 index on Monday closed higher: S&P 500 +0.91%, Dow Jones +0.12%, Nasdaq +1.43%. Bullish factors included (1) expectations for strong Q3 company earnings results as the estimate for Q3 S&P 500 company profits has been raised over the past 1-1/2 weeks, and (2) a rally in Apple that lifted technology stocks on expectations that increased iPhone 6 sales lifted Apple’s fiscal Q4 profit by +10%.
Dec 10-year T-notes (ZNZ14 -0.12%) this morning are down -8.5 ticks. Dec 10-year T-note futures prices on Monday closed higher. Closes: TYZ4 +5.50, FVZ4 +4.50. Bullish factors included (1) carry-over support from a rally in European government bonds after German Sep PPI fell -1.0% y/y, the largest year-over-year decline in 8 months, which may prompt he ECB to expand stimulus and (2) comments from Dallas Fed President Fisher suggesting the Fed may wait before raising interest rates when he said he wants to see how things proceed in the U.S. economy before raising interest rates.
The dollar index (DXY00 +0.27%) this morning is up +0.194 (+0.23%). EUR/USD (^EURUSD) is down -0.0045 (-0.35%). USD/JPY ^USDJPY) is down -0.06 (-0.06%). The dollar index on Monday closed lower after Dallas Fed President Fisher said that he wants to see how the things proceed in the U.S. economy before raising interest rates. Closes: Dollar index -0.157 (-0.18%), EUR/USD +0.00409 (+0.32%), USD/JPY +0.04 (+0.04%). USD/JPY moved higher as the yen weakened after the Nikkei newspaper reported that Japan’s $1.2 trillion Government Pension Investment Fund will increase its holdings of foreign stocks and bonds at the expense of Japanese assets, which is yen-negative.
Nov WTI crude oil (CLX14 +0.27%) this morning is up +48 cents (+0.58%) and Nov gasoline (RBX14 +0.52%) is up +0.0126 (+0.57%). Nov crude and Nov gasoline on Monday closed lower. Closes: CLX4 -0.04 (-0.06%), RBXX4 -0.0327 (-1.46%). Bearish factors included (1) speculation that OPEC won’t take any action to cut production and bolster crude prices before its next scheduled meeting late next month, and (2) expectations for Wednesday’s weekly EIA crude inventories to increase by +3.0 million bbl.
GLOBAL EVENT CALENDAR10/21/2014
US1000 ETSep existing home sales expected +1.0% to 5.10 million, Aug -1.8% to 5.05 million.
JPN0030 ETJapan Aug all-industry activity index expected -0.4%, Jul -0.2% m/m.
1950 ETJapan Sep trade balance expected -780.0 billion yen, Aug -949.7 billion yen. Sep exports expected +6.5% y/y, Aug -1.3% y/y. Sep imports expected +2.7% y/y, Aug -1.4% y/y.
UK0430 ETUK Sep public sector net borrowing expected +9.4 billion pounds, Aug +10.9 billion pounds.
U.S. STOCK CALENDAR10/21/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Pentair PLCPNR USBef-mktQ3 2014 Earnings ReleaseQ3 20140.937
Omnicom Group IncOMC USBef-mktQ3 2014 Earnings ReleaseQ3 20140.899
Lockheed Martin CorpLMT USBef-mktQ3 2014 Earnings ReleaseQ3 20142.722
Allegheny Technologies IncATI USBef-mktQ3 2014 Earnings ReleaseQ3 2014-0.064
Regions Financial CorpRF USBef-mktQ3 2014 Earnings ReleaseQ3 20140.211
Coca-Cola Co/TheKO USBef-mktQ3 2014 Earnings ReleaseQ3 20140.527
United Technologies CorpUTX USBef-mktQ3 2014 Earnings ReleaseQ3 20141.809
Harley-Davidson IncHOG USBef-mktQ3 2014 Earnings ReleaseQ3 20140.594
Kimberly-Clark CorpKMB USBef-mktQ3 2014 Earnings ReleaseQ3 20141.543
Reynolds American IncRAI USBef-mktQ3 2014 Earnings ReleaseQ3 20140.91
McDonald's CorpMCD USBef-mktQ3 2014 Earnings ReleaseQ3 20141.365
Travelers Cos Inc/TheTRV US6:57Q3 2014 Earnings ReleaseQ3 20142.264
Waters CorpWAT US7:00Q3 2014 Earnings ReleaseQ3 20141.285
Verizon Communications IncVZ US7:30Q3 2014 Earnings ReleaseQ3 20140.899
Illinois Tool Works IncITW US8:00Q3 2014 Earnings ReleaseQ3 20141.233
Omnicom Group IncOMC US8:30Q3 2014 Earnings CallQ3 2014
Verizon Communications IncVZ US8:30Q3 2014 Earnings CallQ3 2014
Allegheny Technologies IncATI US8:30Q3 2014 Earnings CallQ3 2014
Waters CorpWAT US8:30Q3 2014 Earnings CallQ3 2014
Pentair PLCPNR US9:00Q3 2014 Earnings CallQ3 2014
Travelers Cos Inc/TheTRV US9:00Q3 2014 Earnings CallQ3 2014
United Technologies CorpUTX US9:00Q3 2014 Earnings CallQ3 2014
Harley-Davidson IncHOG US9:00Q3 2014 Earnings CallQ3 2014
Reynolds American IncRAI US9:00Q3 2014 Earnings CallQ3 2014
Coca-Cola Co/TheKO US9:30Q3 2014 Earnings CallQ3 2014
Illinois Tool Works IncITW US10:00Q3 2014 Earnings CallQ3 2014
Kimberly-Clark CorpKMB US10:00Q3 2014 Earnings CallQ3 2014
Lockheed Martin CorpLMT US11:00Q3 2014 Earnings CallQ3 2014
Regions Financial CorpRF US11:00Q3 2014 Earnings CallQ3 2014
McDonald's CorpMCD US11:00Q3 2014 Earnings CallQ3 2014
Robert Half International IncRHI US16:00Q3 2014 Earnings ReleaseQ3 20140.583
JPMorgan Chase & CoJPM US16:00Jamie Dimon Inverview-Reflections on Resilient Leadership""
ACE LtdACE US16:05Q3 2014 Earnings ReleaseQ3 20142.357
E*TRADE Financial CorpETFC US16:05Q3 2014 Earnings ReleaseQ3 20140.223
Intuitive Surgical IncISRG US16:30Q3 2014 Earnings CallQ3 2014
Broadcom CorpBRCM US16:45Q3 2014 Earnings CallQ3 2014
Robert Half International IncRHI US17:00Q3 2014 Earnings CallQ3 2014
E*TRADE Financial CorpETFC US17:00Q3 2014 Earnings CallQ3 2014
Yahoo! IncYHOO US17:00Q3 2014 Earnings CallQ3 2014
Discover Financial ServicesDFS US17:00Q3 2014 Earnings CallQ3 2014
Broadcom CorpBRCM USAft-mktQ3 2014 Earnings ReleaseQ3 20140.839
Nabors Industries LtdNBR USAft-mktQ3 2014 Earnings ReleaseQ3 20140.361
FMC Technologies IncFTI USAft-mktQ3 2014 Earnings ReleaseQ3 20140.735
Intuitive Surgical IncISRG USAft-mktQ3 2014 Earnings ReleaseQ3 20143.808
Yahoo! IncYHOO USAft-mktQ3 2014 Earnings ReleaseQ3 20140.296
Discover Financial ServicesDFS USAft-mktQ3 2014 Earnings ReleaseQ3 20141.338
Vertex Pharmaceuticals IncVRTX USFDA Adcomm, Kalydeco, cystic fibrosis patients with R117H CFTR mutation
Cintas CorpCTAS USAnnual General Meeting

Monday, October 20, 2014

National Beverage - Barchart's Chart of the Day

National Beverage (FIZZ) is the Barchart Chart of the Day.  The soft drink stock has a Trend Spotter buy signal, a Weighted Alpha of 36.27 and gained 27.67% in the last year.

The Chart of the Day is National Beverage (FIZZ).  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 a buy on 8/18 the stock gained 27.07%.

National Beverage Corp. is a holding company for various subsidiaries that develop, manufacture, market and distribute a complete portfolio of quality beverage products throughout the United States. Their brands emphasize distinctive flavor variety, including their flagship brands, Shasta(R) and Faygo(R), complete lines of multi-flavored and cola soft drinks.


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
  • 10 new highs and up 22.09% in the last month
  • Relative Strength Index 75.10%
  • Barchart computes a technical support level at 21.66
  • Recently traded at 23.99 with a 50 day moving average of 19.68
Fundamental factors:
  • Market Cap $1.11 billion
  • P/E 21.76
  • No major Wall Street firms are presently making predictions on the stock
  • The individual investors on Motley Fool vote 112 to 20 that the stock will out perform the market
Small Cap stocks like this without analysts recommendations must be followed on a strictly technical basis.  Use the 50 and 100 day moving averages to play this one

5 Mid Cap Stars

Even though the majority of the stock in the S&P 400 Mid Cap Index are trading below their 20, 50 and 100 day moving averages there are still some that seem to be trading near their highs.  I used Barchart to sort the stocks in the Index for the best technical buy signals, then used the Flipchart feature to review the charts.

Today's list for Stock Picks includes HSN Inc (HSNI), Domino's Pizza (DPZ), Rent-A-Center (RCII), Panera Bread (PNRA) and Landstar Systems (LSTR):

HSN Inc (HNSI)


Barchart technical indicators:
  • 100% Barchart technical buy signals'
  • Trend Spotter buy signal
  • Above ts 20, 50 and 100 day moving averages
  • At its 52 week high
  • Relative Strength Index 65.55%
  • Barchart computes a technical support level at 59.85
  • Recently traded at 63.93 with a 50 day moving average of 60.68


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • .45% off its recent high
  • Relative Strength Index 76.13%
  • Barchart computes a technical support level at 84.03
  • Recently traded at 85.81 with a 50 day moving average of 76.78


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 9.10% in the last month
  • Relative Strength Index 66.73%
  • Barchart computes a technical support level at 30.90
  • Recently traded at 31.86 with a 50 day moving average of 28.66


Brachart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 6.26% in the last month
  • Relative Strength Index 68.53%
  • Barchart computes a technical support level at 164.81
  • Recently traded at 170.40 with a 50 day moving average of 156.81


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter hold signal
  • Above its 20, 50 and 100 day moving averages
  • Only 2.83% off its recent high
  • Relative Strength Index 57.92
  • Barchart computes a technical support level at 70.62
  • Recently traded at 71.95 with a 50 day moving average of 69.94