Tuesday, April 14, 2015

Agile Therapeutics - Barchart's Chart of the Day

Agile Therapeutics (AGRX) is the Barchart Chart of the Day.  The women's health products company has a Trend Spotter buy signal, a Weighted Alpha of 120.50+ and gained 124.01% in the last year.

The Chart of the Day belongs to Agile Therapeutics (AGRX).  I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 4/6 the stock gained 17.27%.

Agile Therapeutics, Inc. is a women's health specialty pharmaceutical company. It is focused on the development and commercialization of new prescription contraceptive products. The Company's lead product candidate is Twirla (TM), also known as AG200-15, a once-weekly prescription contraceptive patch currently in Phase 3 clinical development.


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
  • 8 new highs and up 25.48% in the last month
  • Relative Strength Index 78.62%
  • Barchart computes a technical support level at 11.36
  • Recently traded at 12.44 with a 50 day moving average of 9.90
Fundamental factors:
  • Market Cap $275.55 million
  • Earnings are estimated to grow by 16.00% next year
  • The 5 Wall Street analysts following the stock haven't shared their projection but all predict it will out perform the market
  • The individual investors sharing their comments on Motley Fool voted 7 to 1 that the stock will out perform the market
I haven't found any of the usual technical trading strategies to be very reliable on this stock so I would use a moving stop loss about 20% below its recent high.

The 5 Best Mid Caps

For those of you that want to know which stocks are having great momentum, this list is for you.  I used Barhcart to sort the S&P 400 Mid Cap Stock Index stock to find the stocks with the most frequent up days in the last month.  The list includes Teledyne Technologies (TDY), Oceaneering International (OII), Dean Foods (DF) , SM Energy (SM) and Helix Energy Solutions (HLX):

Teledyne Technologies (TDY)


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 10.26% in the last month 
  • Relative Strength Index 72.40%
  • Barchart computes a technical support level at 107.31
  • Recently trade at 109.24 with a 50 day moving average of 102.37


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 16.38% in the last month
  • Relative Strength Index 64.41%
  • Barchart computes a technical support level at 54.10
  • Recently traded at 57.35 with a 50 day moving average of 53.57

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 12.52% in the last month
  • Relative Strength Index 65.79%
  • Barchart computes a technical support level at 17.18
  • Recently traded at 17.53 with a 50 day moving average of 16.55
SM Energy (SM)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 30.95% in the last month
  • Relative Strength Index 68.91%
  • Barchart computes a technical support level at 52.11
  • Recently traded at 16.44 with a 50 day moving average of 15.89


Barchart technical indicators:
  • 24% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, and 50 day moving averages
  • 14 new highs and up 21.66% in the last month
  • Relative Strength Index 62.53%
  • Barchart computes a technical support level at 16.09
  • Recently traded at 16.44 with a 50 day moving average of 15.89









BARCHART MORNING CALL 4/14

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 -0.06%) this morning are down -0.17% and European stocks are down -0.94% ahead of Q1 earnings results from JPMorgan Chase and Johnson & Johnson. Losses were limited on increased M&A Activity as Alcatel-Lucent SA jumped 12% in pre-market trading after Nokia Oyj said it was in advanced talks to buy the company. Asian stocks settled mixed: Japan +0.02%, Hong Kong -1.62%, China +0.34%, Taiwan -0.25%, Australia -0.23%, Singapore +1.05%, South Korea +0.79%. China's Shanghai Composite Index climbed to a fresh 7-year high on speculation the government will boost stimulus measures to spur economic growth.
Commodity prices are mixed. May crude oil (CLK15 +1.12%) is up +0.71% and May gasoline (RBK15 +1.11%) is up +0.65% after the EIA said late Monday that U.S. crude output from the shale oil boom will decline by -57,000 bpd in May, the first time the EIA has forecast a decline in output since it began issuing a monthly drilling productivity report in 2013. Metals prices are weaker. Jun gold (GCM15 -0.90%) is down -0.92% at a 1-1/2 week low. May copper (HGK15 -1.29%) is down -1.31% at a 3-week low. Copper prices are also being weighed down by Chinese demand concerns with tomorrow's China Q1 GDP expected to be reported at a 7.0% y/y pace, the slowest since the global recession of 2009. Agriculture prices are mixed with May wheat down -0.80% at a 2-week low after recent rains alleviated drought concerns in the U.S. Great Plains.
The dollar index (DXY00 -0.05%) is down -0.06% and EUR/USD (^EURUSD) is up +0.02%. USD/JPY (^USDJPY) is down -0.37% at a 1-week low after Koichi Hamada, a consultant to Japanese Prime Minister Abe, said that an exchange rate of 105 yen per dollar would be "appropriate," which undercut expectations for additional easing from the BOJ.
Jun T-note prices (ZNM15 +0.13%) are up +6.5 ticks on carry-over support from a rally in German bunds to a record high. The yield on the 10-year German bund fell to an all-time low of 0.134% after Moody's Investors Service warned that the ECB could run out of eligible bonds to buy from some governments around the end of the year, which may force the ECB to loosen the rules of its QE program and further suppress bond yields.
U.S. STOCK PREVIEW
Key U.S. news today includes (1) March retail sales (expected +1.0%, +0.7% ex-autos, and +0.6% ex-autos and ex-gasoline), (2) March final-demand PPI (expected -0.9% m/m vs Feb's -0.6%) and March core PPI (expected +0.9% y/y vs Feb's +1.0%), (3) Feb business inventories (expected +0.2% after Jan's unchanged), (4) Minneapolis Fed President Narayan Kocherlakota's open forum at Winona State University, and (5) the IMF's release of its World Economic Outlook.
There are 8 of the S&P 500 companies that report earnings today: JPMorgan Chase (consensus $1.41), Intel (0.41), Wells Fargo (0.98), M&T Bank (1.76), Fastenal (0.42), Johnson & Johnson (1.53), CSX (0.44), Linear Technology (0.53).
U.S. IPO's scheduled to price today include: Smart & Final Stores (SFS), XBiotech (XBIT), Cidara Therapeutics (CDTX).
Equity conferences during the remainder of this week include: World Strategic Forum on Mon-Tue, Cantor Fitzgerald First Annual ETF and Indexing Forum on Wed.
OVERNIGHT U.S. STOCK MOVERS
JPMorgan Chase (JPM +0.60%) reported Q1 EPS of $1.61, better than consensus of $1.41.
Fastenal (FAST +0.02%) reported Q1 EPS of 43 cents, higher than consensus of 42 cents.
Urban Outfitters (URBN +0.25%) were upgraded to 'Outperform' from 'Market Perform' at BMO Capital.
Qualcomm (QCOM -0.62%) and Western Digital (WDC -0.41%) were both upgraded to 'Buy' from 'Neutral' at BofA/Merrill Lynch.
Ulta Salon (ULTA +0.21%) was initiated with a 'Buy' at Evercore ISI.
Molson Coors (TAP -1.63%) was initiated with a 'Positive' at Susquehanna with a price target of $97.
Pep Boys (PBY -0.10%) reported an unexpected Q4 EPS loss of -50 cents with items, well below consensus of a 3 cent profit.
Norfolk Southern (NSC -1.39%) dropped over 4% in after-hours trading after it lowered guidance on Q1 EPS to $1.00, below consensus of $1.27.
Scripps Networks (SNI +0.80%) was downgraded to 'Neutral' from 'Overweight' at Piper Jaffray.
AMC Networks (AMCX +0.20%) was initiated with an 'Overweight' at Piper Jaffray with a price target of $90.
MARKET COMMENTS
June E-mini S&Ps (ESM15 -0.06%) this morning are down -3.50 points (-0.17%). Monday's closes: S&P 500 -0.46%, Dow Jones -0.45%, Nasdaq -0.29%. The U.S. stock market on Monday fell back from a 3-week high and closed lower on concerns about the impending Q1 earnings season and on weakness in GE that weighed on industrial stocks.
Jun 10-year T-notes (ZNM15 +0.13%) this morning are up +6.5 ticks. Monday's closes: TYM5 +5.50, FVM5 +4.25. June T-notes on Monday closed higher on weakness in stocks, the sharp decline in Chinese March exports that raised worries about Chinese economic growth, and the decline in the 10-year breakeven inflation expectations rate to a 1-week low.
The dollar index (DXY00 -0.05%) this morning is down -0.057 (-0.06%). EUR/USD (^EURUSD) is up +0.0002 (+0.02%). USD/JPY (^USDJPY) is down -0.45 (-0.37%). Monday's closes: Dollar Index +0.152 (+0.15%), EUR/USD -0.0031 (-0.29%), USD/JPY -0.07 (-0.06%). The dollar index on Monday closed mildly higher on continued support from divergent monetary policies. Meanwhile, USD/JPY fell back from a 3-week high on ideas that the BOJ will not expand its stimulus further after Japanese Prime Minister Abe said that monetary policy is working and that the yen is weak in terms of purchasing power.
May WTI crude oil (CLK15 +1.12%) this morning is up 37 cents (+0.71%). May gasoline (RBK15 +1.11%) is up +0.0118 (+0.65%). Monday's closes: CLK5 +0.27 (+0.52%), RBK5 +0.0015 (+0.08%). May crude oil and gasoline on Monday closed higher as doubts continue to grow about an Iranian nuclear deal as Congress returned to session in a mood to force through legislation that would require Congressional review of any nuclear deal. However, sentiment remains bearish with the market expecting another increase in this week's weekly EIA U.S. crude oil inventories report.
GLOBAL EVENT CALENDAR04/14/2015
US0830 ETMar retail sales expected +1.0% and +0.7% ex autos, Feb -0.6% and -0.1% ex autos. Mar retail sales ex-auto and ex-gasoline expected +0.6%, Feb -0.2%.
0830 ETMar final demand PPI expected +0.2% m/m and -0.9% y/y, Feb -0.5% m/m and -0.6% y/y. Mar PPI ex food & energy expected +0.1% m/m and +0.9% y/y, Feb -0.5% m/m and +1.0% y/y.
0900 ETIMF releases its World Economic Outlook. Press briefing by IMF Chief Economist Olivier Blanchard.
1000 ETFeb business inventories expected +0.2%, Jan unch.
2000 ETMinneapolis Fed President Narayan Kocherlakota holds an open forum at Winona State University.
GER0200 ETGerman Mar wholesale price index, Feb +0.5% m/m and -2.1% y/y.
UK0430 ETUK Mar CPI expected +0.2% m/m and unch y/y, Feb +0.3% m/m and unch y/y. Mar core CPI expected +1.2% y/y, Feb +1.2% y/y.
0430 ETUK Mar RPI expected +0.3% m/m and +1.0% y/y, Feb +0.5% m/m and +1.0% y/y. Mar RPI ex-mortgage interest payments expected +1.-% y/y, Feb +1.0% y/y.
0430 ETUK Mar PPI input prices expected -0.4% m/m and -13.5% y/y, Feb +0.2% m/m and -13.5% y/y.
0430 ETUK Mar PPI output prices expected +0.1% m/m and +0.1% y/y, Feb +0.2% m/m and -1.8% y/y. Nar PPI output core, Feb +0.1% m/m and +0.2% y/y.
EUR0500 ETEurozone Feb industrial production expected +0.4% m/m and +0.8% y/y, Jan -0.1% m/m and +1.2% y/y.
CHI2200 ETChina Q1 GDP expected +7.0% y/y, Q4 +7.3% y/y.
2200 ETChina Mar industrial production expected +7.3% y/y. Dec +7.9% y/y.
2200 ETChina Mar retail sales expected +10.9% y/y, Dec +11.9% y/y.
U.S. STOCK CALENDAR04/14/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
JPMorgan Chase & CoJPM US7:00Q1 2015 Earnings ReleaseQ1 20151.412
Fastenal CoFAST US7:00Q1 2015 Earnings ReleaseQ1 20150.416
Johnson & JohnsonJNJ US7:45Q1 2015 Earnings ReleaseQ1 20151.533
Wells Fargo & CoWFC US8:00Q1 2015 Earnings ReleaseQ1 20150.977
JPMorgan Chase & CoJPM US8:30Q1 2015 Earnings CallQ1 2015
Johnson & JohnsonJNJ US8:30Q1 2015 Earnings CallQ1 2015
Norfolk Southern CorpNSC US8:45Q1 2015 Guidance CallQ1 2015
Bank of New York Mellon Corp/TheBK US9:00Annual General Meeting
Moody's CorpMCO US9:30Annual General Meeting
Wells Fargo & CoWFC US10:00Q1 2015 Earnings CallQ1 2015
Fastenal CoFAST US10:00Q1 2015 Earnings CallQ1 2015
Cerner CorpCERN US10:30Investment Community MeetingY 2015
Fifth Third BancorpFITB US11:30Annual General Meeting
Intel CorpINTC US17:00Q1 2015 Earnings CallQ1 2015
CSX CorpCSX USAft-mktQ1 2015 Earnings ReleaseQ1 20150.439
Intel CorpINTC USAft-mktQ1 2015 Earnings ReleaseQ1 20150.405
Linear Technology CorpLLTC USAft-mktQ3 2015 Earnings ReleaseQ3 20150.529
Carnival CorpCCL USAnnual General Meeting
M&T Bank CorpMTB USQ1 2015 Earnings ReleaseQ1 20151.763
Actavis plcACT USFDA Adcomm, alogliptin, results of cardiovascular outcomes trial

Monday, April 13, 2015

The Ultimate Software Group - Barchart's Chart of the Day

The Ultimate Software Group (ULTI) is the Barchart Chart of the Day.  The prepackaged software company has a Trend Spotter buy signal, a Weighted Alpha of 40.80+ and gained 43.85% in the last year.

The Chart of the Day is belongs to The Ultimate Software Group (ULTI).  I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the Flipchart function to review the charts.  Since the Trend Spotter signaled another buy on 4/8 the stock gained 2.78%.

Ultimate Software is a leader in delivering Web-based payroll and employee management solutions to organizations of all sizes. Ultimate Software's fully integrated, award-winning UltiPro suite enables businesses to manage human resources and payroll strategically and cost-effectively, benefiting everyone in the organization. Ultimate Software offers application hosting through IBM Global Services and a business-to-business Web portal, providing access to value-added resources via the Internet.


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 5.84% in the last month
  • Relative Strength Index 66.26
  • Barchart computes a technical support level at 171.41
  • Recently traded at 176.83 with a 50 day moving average of 165.00
Fundamental factors:
  • Market Cap $50.02 billion
  • P/E 151.72
  • Revenue expected to grow 22.00% this year and another 21.70% next year
  • Earnings estimated to increase by 17.10% this year, an additional 24.30% next year and continue to increase at an annual rate of 24.57% for the next 5 years
  • Wall Street analysts issued 5 strong buy, 10 buy and 7 hold recommendations on this security
The 50-100 Day MACD Oscillator has been an extremely reliable technical trading strategy on this stock and I recommend you continue to use it to determine entry and exit points

The 5 Best Large Caps XEC AZO EQT PKI NLSN

I wanted to find out which large cap stocks were having the most consistent upward momentum so I used Barchart to sort the S&P 500 Large Cap Stock Index to find the stocks that had the most frequent days of upward momentum.  These 5 ranked highest:

Cimarex Energy (XEC), Autozone (AZO), EQT Corp (EQT), Perkinelmer (PKI and  Nielsen Holdings (NSLN).

Cimarex Energy (XEC)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 17.10% in the last month
  • Relative Strength Index 68.94%
  • Barchart computes a technical support level at 121.85
  • Recently traded at 125.32 with a 50 day moving average of 112.54
Autozone (AZO)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 9.13% in the last month
  • Relative Strength Index 70.17%
  • Barchart computes a technical support level at 693.78
  • Recently traded at 699.01 with a 50 day moving average of 647.97
EQT Corp (EQT)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 11.12% in the last month
  • Relative Strength Index 63.59%
  • Barchart computes a technical support level at 82.99
  • Recently traded at 84.41 with a 50 day moving average of 79.99


Barchart technical indicators:
  • 96% Bachart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 11.49% in the last month 
  • Relative Strength Index 72.01%
  • Barchart computes a technical support level at 51.00
  • Recently traded at 51.65 with a 50 day moving average of 47.98


Barchart technical indicators:
  • 72% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 6.53% in the last month
  • Relative Strength Index 64.57%
  • Barchart computes a technical support level at 45.52
  • Recently traded at 45.69 with a 50 day moving average of 44.39










BARCHART MORNING CALL 4/13

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 -0.14%) this morning are down -0.14% as they fell back from a 3-week high ahead of Q1 corporate earnings reports this week. European stocks are up +0.22% at a 6-3/4 year high. Asian stocks settled mixed: Japan -0.01%, Hong Kong +2.73%, China +2.17%, Taiwan +0.51%, Australia -0.14%, Singapore +0.35%, South Korea +0.58%, India +0.57%. China's Shanghai Composite Index climbed to a 7-year high and gave most global bourses a boost on speculation that China may boost stimulus to spur economic growth after China Mar exports unexpectedly declined.
Commodity prices are mixed. May crude oil (CLK15 +1.20%) is up +1.28% and May gasoline (RBK15 +0.76%) is up +0.84% as skepticism among U.S. lawmakers over a nuclear deal with Iran bolstered speculation that an increase in Iranian crude exports may be delayed. Metals prices weakened as the dollar index climbed to a 4-week high. Jun gold (GCM15 -0.45%) is down -0.42%. May copper (HGK15 -0.22%) is unch. Agriculture prices are lower with May corn at a 3-week low, after weekend rains in the U.S. Midwest boosted soil moisture levels ahead of spring plantings.
The dollar index (DXY00 +0.52%) is up +0.60% at a 4-week high and EUR/USD (^EURUSD) is down -0.66% at a 4-week low as the ECB continues its QE program while the Fed readies the markets for an eventual interest rate increase. USD/JPY (^USDJPY) is up +0.36% at a 3-week high.
Jun T-note prices (ZNM15 -0.13%) are down -5 ticks at a 1-1/2 week low after a report Sunday from Morgan Stanley said that the U.S. 10-year T-note yield will rise to 2.40% by year-end as a rebound in economic growth pushes inflation higher.
The China Mar trade balance shrank to a surplus of +$3.08 billion, narrower than expectations of +$40.10 billion and the smallest trade surplus in 13 months. China Mar exports unexpectedly fell -14.6% y/y, weaker than expectations of +8.2% y/y, and China Mar imports fell -12.7% y/y, weaker than expectations of -10.0% y/y.
Japan Mar PPI rose +0.3% m/m and +0.7% y/y, stronger than expectations of -0.1% m/m and +0.4% y/y.
Japan Feb machine orders fell -0.4% m/m and rose +5.9% y/y, stronger than expectations of -2.2% m/m and +4.3% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes (1) the March Treasury budget statement (expected -$43.4 billion vs year-earlier -$36.9 billion).
There are two of the Russell 1000 companies that report earnings today: Commerce Bancshares (consensus $0.58), Ocwen Financial (0.27).
There are no U.S. IPO's that price or trade today.
Equity conferences this week include: Consumer Debt Forum on Mon, World Strategic Forum on Mon-Tue, Cantor Fitzgerald First Annual ETF and Indexing Forum on Wed.
OVERNIGHT U.S. STOCK MOVERS
British Petroleum (BP +0.46%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.
Marathon Oil (MRO +1.43%) was upgraded to 'Buy' from 'Neutral' at BofA/Merrill Lynch.
Netflix (NFLX +3.43%) was upgraded to 'Buy' from 'Neutral' at UBS who also raised their price target on the stock to $565 from $370.
Sempra Energy (SRE -0.05%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs with a price target of $130.
Helmerich & Payne (HP -1.15%) was downgraded to 'Hold' from 'Buy' at Jefferies.
Freeport McMoRan (FCX -2.56%) was upgraded to 'Buy' from 'Neutral' at Citigroup.
BHP Billiton (BHP -0.04%) and Rio Tinto (RIO -1.61%) were both downgraded to 'Neutral' from 'Buy' at Citigroup.
UPS (UPS +0.09%) will invest $1.06 billion in a Europe expansion, according to Reuters.
Grainger (GWW -0.06%) may be 10%-20% undervalued, according to a weekend article by Barron's.
Avon (AVP -1.86%) "could still pay off" with a doubling of its stock price in coming years, according to a weekend column by Barron's.
Accenture (ACN -0.82%) may rally by 26% over next three years, according to a weekend article by Barron's.
Newmont Mining (NEM +0.45%) may may rally by 55%, according to a weekend article by Barron's.
MARKET COMMENTS
June E-mini S&Ps (ESM15 -0.14%) this morning are down -3.00 points (-0.14%). Friday's closes: S&P 500 +0.52%, Dow Jones +0.55%, Nasdaq +0.43%. The S&P 500 index on Friday closed moderately higher and posted a new 2-1/2 week high. The market extended the week's rally as GE returned to its industrial roots by announcing an effective spin-off of GE Capital and as market optimism continues about the recent spate of M&A activity.
Jun 10-year T-notes (ZNM15 -0.13%) this morning are down -5 ticks at a 1-1/2 week low. Friday's closes: TYM5 -1, FVM5 -1.75. June 10-year T-notes on Friday remained on the defensive and closed slightly lower on stock market strength and carry-over pessimism about the poor demand seen for Thursday's 30-year bond auction.
The dollar index (DXY00 +0.52%) this morning is up +0.594 (+0.60%) at a 4-week high. EUR/USD (^EURUSD) is down -0.0070 (-0.66%) at a 4-week low. USD/JPY (^USDJPY) is up +0.43 (+0.36%) at a 3-week high. Friday's closes: Dollar Index +0.19 (+0.19%), EUR/USD -0.0055 (-0.52%), USD/JPY -0.36 (-0.30%). The dollar index on Friday extended the weekly rally and closed just moderately below March’s 12-year high. The dollar continued to see strength on Friday after Wednesday's FOMC minutes noted that "several" FOMC members favored a rate hike as early as June.
May WTI crude oil (CLK15 +1.20%) this morning is up +66 cents (+1.28%). May gasoline (RBK15 +0.76%) is up +0.0151 (+0.84%). Friday's closes: CLK5 +0.85 (+1.67%), RBK5 +0.0481 (+2.73%). May crude oil and gasoline on Friday closed moderately higher on some continued short-covering after Wednesday's 6% plunge. Crude oil prices on Wednesday plunged on the +10.95 million bbl surge in EIA U.S. crude oil inventories and on doubts about an Iranian nuclear agreement after Iran Supreme Leader Khamenei insisted that sanctions would have to be dropped immediately upon a final nuclear agreement, not phased in as the preliminary agreement contemplated.
GLOBAL EVENT CALENDAR04/13/2015
US1100 ETUSDA weekly grain export inspections.
1400 ETMarch Treasury budget statement expected -$43.4 billion, year-earlier -$36.9 billion.
1600 ETUSDA weekly crop progress.
UK1901 ETUK Mar BRC sales like-for-like, Feb +0.2% y/y.
U.S. STOCK CALENDAR04/13/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Commerce Bancshares Inc/MOCBSH USBef-mktQ1 2015 Earnings ReleaseQ1 20150.579
Laredo Petroleum IncLPI US14:30Analyst MeetingY 2015
Goodyear Tire & Rubber Co/TheGT USAnnual General Meeting
Ocwen Financial CorpOCN USQ4 2014 Earnings ReleaseQ4 20140.269

Friday, April 10, 2015

AutoNation - Barchart's Chart of the Day

AutoNation (AN) is the Barchart Chart of the Day.  The new and used auto retailer has a Trend Spotter buy signal, a Weighted Alpha of 27.30+ and gained 23.25% in the last year.

The Chart of the Day belongs to AutoNation (AN).  I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals and then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 12/3 the stock gained 9.30%.


AutoNation, Inc. is the one of the largest automotive retailers in the United States. The company owns and operates new vehicle franchises from dealership locations in major metropolitan markets in numerous states, predominantly in the Sunbelt states. Its business consists primarily of the sale, financing and servicing of new and used vehicles. The company also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products and collision repair services.

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
  • 11 new highs and up 9.01% in the last month
  • Relative Strength Index 62.82%
  • Barchart computes a technical support level at 63.79
  • Recently traded at 65.53 with a 50 day moving average of 62.68
Fundamental factors:
  • Market Cap $7.41 billion
  • P/E 18.52
  • Revenue expected to grow 7.30% this year and another 5.20% next year
  • Earnings estimated to increase 13.70% this year, an additional 11.80% next year and continue to increase at an annual rate of 14.53% or the next 5 years.
  • Wall Street analysts issued 1 strong buy, 9 hold and 2 under perform recommendations on the stock.
The 50 - 100 Day MACD Oscillator has been a reliable technical trading strategy and should continue to be used to gauge entry and exit points.




5 Popular Stocks Falter - PG CHK BRK ATVI WMT

Today I'm featuring 5 popular stocks on the watch lists of the individual investors who read Motley Fool.  These are #16 - # 20 on their watch lists.

Proctor & Gamble (PG)


Barchart technical indicators:
  • 67% Barchart technical sell signals
  • Trend Spotter sell signal
  • Above its 2 but below its 50 and 100 day moving averages
  • 11.10% off its recent high
  • Relative Strength Index 50.80%
  • Recently traded at 83.49 which is below it 50 day moving average of 84.13


Barchart technical indicators:
  • 16% Barchart technical sell signals
  • Trend Spotter sell signal
  • Above its 20 but below its 50 and 100 day moving averages
  • 52.33% off its recent high
  • Relative Strength Index 48.06%
  • Recently traded at 14.97 which is below its 50 day moving average of 16.82


Barchart technical indicators:
  • 80% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 6.05% of its recent high
  • Relative Strength Index 45.35%
  • Recently traded at 143.71 which is below its 50 day moving average of 146.16


Barchart technical indicators:
  • 24% Barchart technical buy signals
  • Trend Spotter sell signal
  • Below its 20 day moving average but above its 50 and 100 day moving averages
  • 5.33% off its recent high
  • Relative Strength Index 51.18%
  • Recently traded at 22.87 with a 50 day moving average of 22.79


Barchart technical indicators:
  • 88% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 11.19% off its recent high
  • Relative Strength Index 41.17%
  • Recently traded at 80.79 which is below its 50 day moving average of 83.55










BARCHART MORNING CALL 4/10

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 +0.13%) this morning are little changed. The Euro Stoxx 50 index this morning is up +0.68%, extending this week's rally. Asian stocks today closed mostly higher: Japan -0.15%, Hong Kong +1.22%, China +1.94%, Taiwan +0.52%, Australia +0.61%, Singapore +0.35%, South Korea +1.40%, India -0.02%, Turkey -0.62%. China's Shanghai index rallied by +1.94% today as investors hope that China's tepid March CPI report of +1.4% leaves room for the Chinese central bank to ease another notch.
The dollar index (DXY00 +0.44%) is up +0.38 points (+0.38%) as this week's rally continues based in part on Wednesday's March 17-18 FOMC minutes that said "several" FOMC members thought a rate hike might occur by June. EUR/USD (^EURUSD) is down -0.0075 (-0.70%). USD/JPY (^USDJPY) is down -0.25 (-0.21%). Jun 10-year T-notes (ZNM15 +0.01%) are up +1.5 ticks.
Commodity prices are up +0.33% this morning. May WTI crude oil (CLK15 -0.39%) is down -0.14 (-0.28%), but May Brent crude (CBK15 +0.49%) is up +0.24 (+0.42%) and May gasoline (RBK15 +0.78%) is up +0.0127 (+0.72%). May natural gas (NGK15 +0.71%) is up +0.016 (+0.63%).
Precious metals prices are higher after this week's losses on the strong dollar: Jun gold (GCM15 +0.86%) +9.7 (+0.81%), May silver (SIK15 +2.06%) +0.324 (+2.00%). May copper (HGK15 +0.68%) is up +0.026 (+0.95%). Grain prices and softs are mixed.
The yield on French 5-year notes today dropped 2 bp to a negative -0.004%, which means that investors are paying the French government to park their cash. The German 4-year yield today was at -0.195%. European yields have dropped to extraordinarily low levels thanks to weak economic growth, low inflation, and the ECB's QE program of buying 60 billion euros of securities per month.
China's March CPI was unchanged from Feb at +1.4% y/y, which was a bit stronger than market expectations for a dip to +1.3% y/y. China's March PPI strengthened slightly to -4.6% y/y from -4.8% y/y in Feb, which was a bit stronger than market expectations for an unchanged level of -4.8% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes (1) March import prices (expected -0.4% m/m and -10.2% y/y after Feb's +0.4% m/m and -9.4% y/y), (2) the Treasury's March monthly budget statement (expected -$43.0 billion, Feb -$192.327 billion, (3) a speech today by Richmond Fed President Jeffrey Lacker on the economic outlook at an event in Sarasota, FL, and (4) a speech by Minneapolis Fed President Narayana Kocherlakota at the Minnesota Credit Union Network Annual Meeting and Convention.
None of the Russell 1000 companies report earnings today.
There are no U.S. IPO's that price or trade today.
There are no equity conferences today.

June E-mini S&Ps this morning are little changed. Thursday's closes: S&P 500 +0.45%, Dow Jones +0.31%, Nasdaq +0.48%. The stock market on Thursday closed moderately higher on the drop in U.S. continuing unemployment claims to a new 14-1/3 year low along with relief that Greece on Thursday made its 450 million euro payment to the IMF. There was also continued optimism about the recent spate of M&A deals and carry-over support from the 1.1% rally in the Euro Stoxx 50 index and the +2.7% rally in the Hong Kong Hang Seng index.
OVERNIGHT U.S. STOCK MOVERS
  • GE (GE +2.88%), in a bid to boost profitability, confirmed a deal to sell $26.5 billion of real estate, authorized a new $50 billion stock buyback plan, and will work to terminate GE Capital's designation as a Systemically Important Financial Institution (SIFI).
  • Netflix (NFLX -0.42%) was upgraded to Buy from Neutral at Citigroup after the recent pullback and the target was raised to $525 from $409.
  • GM (GM +0.50%) was adding to Citigroup's Focus List as the analyst says the recent 6% decline provides a buying opportunity.
  • Ruby Tuesday (RT -1.23%) reported Q3 EPS of -1 cent, which was better than expectations of -4 cents.
  • Deutsche Bank (DB -0.79%) is close to a deal in its LIBOR case, according to the NY Times.
  • Worldwide PC shipments declined by -6.7% in Q1 to 68.5 million units, according to IDC.
MARKET COMMENTS
Jun 10-year T-notes this morning are up +1.5 ticks. Thursday's closes: TYM5 -16.5, FVM5 -9. June 10-year T-notes on Thursday sold off fairly sharply due to poor demand for the 30-year bond auction and reduced safe-haven demand with the rally in stocks. The 30-year bond auction saw a bid cover ratio of only 2.18, which was below the 12-auction average of 2.40.
The dollar index this morning is up +0.38 points (+0.38%) as this week's rally continues based in part on Wednesday's March 17-18 FOMC minutes that said "several" FOMC members thought a rate hike might occur by June. EUR/USD is down -0.0075 (-0.70%). USD/JPY is down -0.25 (-0.21%). Thursday's closes: Dollar index +1.22 (+1.24%), EUR/USD -0.0122 (-1.13%), USD/JPY +0.45 (+0.37%). The dollar index on Thursday rallied sharply to post a new 3-week high on continued support from Wednesday's March 17-18 FOMC minutes which disclosed that "several" FOMC members favored a rate hike as soon as the June FOMC meeting.
May WTI crude oil this morning is down -0.14 (-0.28%), but May Brent crude is up +0.24 (+0.42%) and May gasoline is up +0.0127 (+0.72%). Thursday's closes: CLK5 +0.37 (+0.73%), RBK5 +0.0200 (+1.15%). May crude oil and gasoline on Thursday closed moderately higher on some short-covering after Wednesday's 6.6% plunge in May crude oil and -6.1% plunge in May gasoline. Wednesday's losses were sparked mainly by the EIA report's news that U.S. oil inventories surged by +10.95 million bbl (+2.3%) to a new record high and showed the largest increase in 14 years.
GLOBAL EVENT CALENDAR04/10/2015
US0830 ETMar import price index expected -0.4% m/m and -10.2% y/y, Feb +0.4% m/m and -9.4% y/y.
0830 ETRichmond Fed President Jeffrey Lacker speaks on the economic outlook at an event in Sarasota, FL.
1220 ETMinneapolis Fed President Narayana Kocherlakota speaks at the Minnesota Credit Union Network Annual Meeting and Convention.
1400 ETMar monthly budget statement expected -$43.0 billion, Feb -$192.327 billion.
UK0430 ETUK Feb industrial production expected +0.3% m/m and +0.3% y/y, Jan -0.1% m/m and +1.3% y/y.
0430 ETUK Feb manufacturing production expected +0.4% m/m and +1.3% y/y, Jan -0.5% m/m and +1.9% y/y.
0430 ETUK Feb construction output expected +2.2% m/m and +1.9% y/y, Jan -2.6% m/m and -3.1% y/y.
1000 ETUK Mar NIESR GDP estimate, Feb +0.6% q/q.
U.S. STOCK CALENDAR04/10/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
American Airlines Group IncAAL USMarch 2015 Sales and Revenue Release - Traffic Results2015
Mosaic Co/TheMOS USInvestor Presentation - Day 2Y 2015

Thursday, April 9, 2015

Chemtura - Barchart's Chart of the Day

Chemtura (CHMT) is the Barchart Chart of the Day.  The specialty chemical company has a Trend Spotter buy signal, a Weighted Alpha of 30.00+ and gained 17.15% in the last year.


The Chart of the Day belongs to Chemtura (CHMT). I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 2/3 the stock gained 23.27%.

Chemtura Corporation is a global manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products.


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
  • 7 new highs and up 14.21% in the last month
  • Relative Strength Index 77.88%
  • Barchart computes a technical support level at 28.20
  • Recently traded at 29.58 with a 50 day moving average of 25.63
Fundamental factors:
  • Market Cap $2.15 billion
  • P/E 33.16
  • Revenue expected to grow 5.10% next year
  • Earnings estimated to increase by 45.30% this year, an additional 49.50% next year and continue to increase at an annual rate of 20.05% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 4 buys and 4 hold recommendations on the stock
Most of the normal technical trading strategies have not been reliable on this stock so I suggest you place a moving stop loss 10% below the recent high.