CGI Group - Chart of the day

CGI Group (GIB) is the Barchart Chart of the Day. The computer consulting firm has a Trend Spotter buy signal, a Weighted Alpha of 21.40+ and gained 7.06% in he last year.

The Chart of the Day belongs to CGI Group (GIB).  I found the computer consulting stock by using Barchart to sort the All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals above 80%.  Next I used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 1/27 the stock gained 20.04%.

CGI provides the full range of IT services including consulting, systems integration and the management of business and IT functions. The company's primary focus is large scale systems integration and outsourcing contracts.

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

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 13.68% in the last month
• Relative Strength Index 71.79%
• Technical support level at 48.91
• Recently traded at 49.28 with a 50 day moving average of 44.31

Fundamental factors:

• Market Cap $13.72 billion
• P/E 19.18
• Revenue expected to grow 4.60% this year and another 2.70% next year
• Earnings estimated to increase 12.50% this year, an additional 7.10% next year and continue to compound at an annual rate of 8.65% over the next 5 years
• Wall Street analysts issued 12 buy, 4 hold and 1 under perform recommendation on the stock.

Illinois Tool Works - Chart of the Day

Illinois Tool Works (ITW) is the Barchart Chart of the Day.  The machinery and equipment company has a Trend Spotter buy signal, a Weighted Alpha of 16.60+, gained 5.54% in the last year and paid a 2.15% dividend.

The Chart of the Day belongs to Illinois Tool Works (ITW).  I found the machinery and equipment stock by using Barchart to sort today's All Time High list first for the most frequent new highs in the last month, then again for technical buy signals of 80% or better.  Next I used the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 1/29 the stock gained 16.49%.

Illinois Tool Works, Inc. manufactures and markets a variety of products and systems that provide specific, problem-solving solutions for a diverse customer base worldwide. The company's business units are divided into six segments: Engineered Products-North America; Engineered Products-International; Specialty Systems-North America; Specialty Systems-International; Consumer Products; and Leasing and Investments.

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

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 7.10% in the last month
• Relative Strength Index 73.72%
• Technical support level at 103.93
• Recently traded at 104.93 with a 50 day moving average of 97.89

Fundamental factors:

• Market Cap $38.14 billion
• P/E 20.35
• Dividend yield 2.15%
• Revenue expected to be down .10% this year but grow again by 3.00% next year
• Earnings estimated to increase 6.60% this year, an additional 9.30% next year and continue to compound at an annual rate of 8.41% for the next 5 years
• Wall Street analysts issued 7 strong buy, 4 buy and 10 hold recommendations on the stock

The 50-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.

MORNING CALL 4/14

MORNING CALL

Thursday, April 14th, 2016View Older Reports

Everything you need to know about the markets in one free daily newsletter.

E-mail:  

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM16 -0.04%) are down -0.05% as they consolidate after yesterday's sharp rally to a 4-month high. European stocks are up +0.01% at a 2-week high. Gains in European stocks were limited after German economic institutes cut their 2016 German GDP forecast to 1.6% from 1.8%. As expected, the BOE kept its benchmark rate unchanged at 0.50% and maintained its asset purchase target at 375 billion pounds following today's policy meeting. Asian stocks settled higher: Japan +3.23%, Hong Kong +0.85%, China +0.51%, Taiwan +0.18%, Australia +1.27%, Singapore +0.81%, South Korea +2.13%, India closed for holiday. Japan's Nikkei Stock Index rose to a 2-week high after USD/JPY gained for a second day, which boosted exporter stocks.

The dollar index (DXY00 +0.18%) is up +0.20% at a 2-week high. EUR/USD (^EURUSD) is down -0.08% at a 2-week low. USD/JPY (^USDJPY) is down -0.06%.

Jun T-note prices (ZNM16 -0.19%) are down -6 ticks.

The top German economic institutes that include Ifo, DIW, IWH and RWI cut their German 2016 growth estimate to 1.6% from 1.8%, citing a slump in global demand.

Singapore's central bank unexpectedly eased its monetary stance after the Monetary Authority of Singapore it moved to a neutral policy of zero percent appreciation in the local dollar, a policy last adopted during the 2008 global financial crisis.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +3,000 to 270,000, previous -9,000 to 267,000) and continuing claims (expected -8,000 to 2.183 million, previous +19,000 to 2.191 million), (2) Mar CPI (expected +0.2% m/m and +1.1% y/y, Feb -0.2% m/m and +1.0% y/y) and Mar core CPI (expected +0.2% m/m and +2.3% y/y, Feb +0.3% m/m and +2.3% y/y), (3) Fed Governor Jerome Powell's appearance before the Senate Banking Committee in a hearing on current trends and changes in the fixed-income markets, (4) Alanta Fed President Dennis Lockhart's speech to the ENGAGE International Investment Education Symposium, and (5) the Treasury's auction of $12 billion of 30-year T-bonds.

There are 6 of the S&P 500 companies that report earnings today: Bank of America (consensus $0.21), Wells Fargo (0.97), PNC Financial (1.70), Progressive (0.50), Blackrock (4.29), Delta Airlines (1.30).

U.S. IPO's scheduled to price today: Bats Global markets (BATS).

Equity conferences during the remainder of this week include: Goldman Sachs Cars Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

BlackRock (BLK +2.65%) reported Q1 EPS of $4.25, less than consensus of $4.30.

Bank of America (BAC +3.92%) reported Q1 EPS of 20 cents, below consensus of 21 cents.

3D Systems (DDD -0.18%) jumped 7% in pre-market trading after it was upgraded to 'Buy' from 'Underperform' by Bank of America/Merril Lynch.

Chipotle Mexican Grill (CMG +0.01%) climbed over 2% in pre-market trading after it ws upgraded to 'Overweight' from 'Neutral' at JPMorgan Chase.

Applied Materials (AMAT +1.82%) was upgraded to 'Buy' from 'Neutral' at UBS with a price target of $26.

A U.S. District judge ruled that Microsoft's allegations that InterDigital (IDCC +1.25%) engaged in anticompetitive conduct are "sufficient" for the antitrust suit against InterDigital to proceed.

Insys Therapeutics (INSY +2.35%) was rated a new 'Buy' at Janney Montgomery with a 12-month price target of $22.

ECB Vice President Constancio said the ECB will do "whatever necessary" to bring Eurozone inflation close to objective.

Wynn Resorts Ltd. (WYNN +0.50%) rose over 2% in after-hours trading after founder Steve Wynn spent $7.2 million to buy an additional 72,851 shares on April 11, according to a Form 4 filing.

Pier 1 Imports (PIR +5.61%) climbed 4% in after-hours trading after it reported Q3 EPS of 23 cents, above a March 7 estimate of 18 cents-22 cents.

Seagate Technology (STX -3.17%) fell 7% in pre-market trading after it reported preliminary Q3 revenue of $2.6 billion, below consensus of $2.7 billion and said it sees gross margins of 23%, below estimates of 25.7%.

Raytheon (RTN -0.40%) received a $1.01 billion contract from the U.S. Navy for design, manufacture, integration, demonstration and test of 15 Next Generation Jammer (NGJ) systems that will replace the ALQ-99 jammer system on EA-18G aircraft.

Dominion Diamond (DDC -3.06%) gained almost 2% in after-hours trading after it reported Q4 revenue of $178.1 million, better than consensus of $178 million.

MARKET COMMENTS

June E-mini S&Ps (ESM16 -0.04%) this morning are down -1.00 point (-0.05%). Wednesday's closes: S&P 500 +1.00%, Dow Jones +1.06%, Nasdaq +1.31%. The S&P 500 on Wednesday climbed to a 4-month high and closed higher on reduced Chinese economic concerns after China Mar exports rose +11.5% y/y, stronger than expectations of +10.0% y/y and the biggest increase in 13 months. There was also a rally in bank stocks after JPMorgan Chase rose +4.2% on better-than-expected Q1 earnings results. The main bearish factor was that U.S. Mar retail sales unexpectedly fell -0.3%, weaker than expectations of +0.1%, and Mar retail sales ex-autos rose +0.2%, weaker than expectations of +0.4%.

June 10-year T-note prices (ZNM16 -0.19%) this morning are down -6 ticks. Wednesday's closes: TYM6 +2.50, FVM6 unch. Jun T-notes on Wednesday fell to a 1-week but recovered and closed higher on the unexpected declines in the U.S. Mar retail sales and Mar PPI reports and on strong demand for the Treasury's $20 billion 10-year auction that had a bid-to-cover ratio of 2.75, higher than the 12-auction average of 2.63. T-note prices were undercut by the rally in the S&P 500 to a 4-month high and by reduced global economic concerns after China Mar exports rose by the most in 13 months.

The dollar index (DXY00 +0.18%) this morning is up +0.185 (+0.20%) at a 2-week high. EUR/USD (^EURUSD) is down -0.009 (-0.08%) at a 2-week low. USD/JPY (^USDJPY) is down -0.07 (-0.06%). Wednesday's closes: Dollar Index +0.785 (+0.84%), EUR/USD -0.0112 (-0.98%), USD/JPY +0.80 (+0.74%). The dollar index on Wednesday closed higher on weakness in EUR/USD which slid to a 2-week low after Eurozone Feb industrial production fell -0.8% m/m, weaker than expectations of -0.7% m/m and the biggest decline in 1-1/2 years.

May WTI crude oil (CLK16 +0.17%) is unch. May gasoline (RBK16 +0.18%) is down -0.0042 (-0.27%). Wednesday's closes: CLK6 -0.62 (-1.47%), RBK6-0.0071 (-0.46%). May crude and gasoline on Wednesday closed lower on the stronger dollar and on the +6.63 million bbl surge in EIA crude inventories to a record high 536.5 million bbl, more than expectations of a +1.0 million bbl increase. Crude oil received some underlying support from the -0.3% drop in U.S. crude production in the week ended Apr 8 to a 17-month low of 8.977 million bpd and from the -4.24 million bbl decline in weekly EIA gasoline supplies, a bigger decline than expectations of -1.5 million bbl.

GLOBAL EVENT CALENDAR04/14/2016

US	0830 ET	Weekly initial unemployment claims expected +3,000 to 270,000, previous -9,000 to 267,000. Weekly continuing claims expected-8,000 to 2.183 million, previous +19,000 to 2.191 million.
	0830 ET	Mar CPI expected +0.2% m/m and +1.1% y/y, Feb -0.2% m/m and +1.0% y/y. Mar CPI ex-food & energy expected +0.2% m/m and +2.3% y/y, Feb +0.3% m/m and +2.3% y/y.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Fed Governor Jerome Powell appears before the Senate Banking Committee in a hearing on current trends and changes in the fixed-income markets.
	1000 ET	Atlanta Fed President Dennis Lockhart speaks to the ENGAGE International Investment Education Symposium.
	1100 ET	Treasury announces amount of 5-year TIPS (previous $16 billion) to be auctioned on Apr 21.
	1300 ET	Treasury auctions $12 billion of 30-year T-bonds.
EUR	0500 ET	Revised Eurozone Mar CPI, preliminary -0.1% y/y. Revised Mar core CPI, preliminary +1.0% y/y
UK	0700 ET	BOE announces interest rate decision and asset purchase target, expected no change to the 0.50% benchmark rate or to the 375-billion-pound asset purchase target.
CHI	2200 ET	China Mar industrial production expected +5.5% year-to-date y/y, Feb +5.4% year-to-date- y/y.
	2200 ET	China Q1 GDP expected +1.5% q/q and +6.7% y/y, Q4 +1.6% q/q and +6.8% y/y.
	2200 ET	China Mar retail sales expected +10.2% year-to-date y/y, Feb +10.2% year-to-date y/y.

U.S. STOCK CALENDAR04/14/2016

Company	Ticker	Time	Event Description	Period	Estimate
PNC Financial Services Group Inc/The	PNC US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.701
Progressive Corp/The	PGR US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.5
BlackRock Inc	BLK US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	4.294
Delta Air Lines Inc	DAL US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.295
First Republic Bank/CA	FRC US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.803
Bank of America Corp	BAC US	6:45	Q1 2016 Earnings Release	Q1 2016	0.205
Wells Fargo & Co	WFC US	8:00	Q1 2016 Earnings Release	Q1 2016	0.974
Carnival Corp	CCL US	8:30	Annual General Meeting	Y 2016
Bank of America Corp	BAC US	8:30	Q1 2016 Earnings Call	Q1 2016
BlackRock Inc	BLK US	8:30	Q1 2016 Earnings Call	Q1 2016
Wells Fargo & Co	WFC US	10:00	Q1 2016 Earnings Call	Q1 2016
Delta Air Lines Inc	DAL US	10:00	Q1 2016 Earnings Call	Q1 2016
First Republic Bank/CA	FRC US	10:00	Q1 2016 Earnings Call	Q1 2016
PNC Financial Services Group Inc/The	PNC US	10:30	Q1 2016 Earnings Call	Q1 2016
Wynn Resorts Ltd	WYNN US	12:00	Annual General Meeting	Y 2016
GameStop Corp	GME US	13:30	Investor Day	Y 2016
Equifax Inc	EFX US		Investor Meeting - Melbourne	Y 2016
Progressive Corp/The	PGR US		Q1 2016 Earnings Release - March Sales	Q1 2016	0.5
SM Energy Co	SM US		Q1 2016 Earnings Release	Q1 2016	-0.761
PacWest Bancorp	PACW US		Q1 2016 Earnings Release	Q1 2016	0.69
VCA Inc	WOOF US		Annual General Meeting

Pool Corp - Chart of the Day

Pool Corp (POOL) is the Barchart Chart of the Day.  The pool supply company has a Trend Spotter buy signal, a Weighted Alpha of 36.10+ and gained 31.90% in the last year.

The Chart of the Day belongs to Pool Corp (POOL).  I found the pool supply stock by using Barchart to sort the All Time High list first for the most frequent new highs in the last month, then I used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 1/29 the stock gained 6.99%.

SCP Pool Corporation distributes swimming pool supplies and related products to swimming pool remodelers and builders, independent retail stores and swimming pool repair and service companies. The company distributes more than 34,000 national brand and private label products to its customers. These products include both non-discretionary pool maintenance products, such as chemicals and replacement parts, packaged pools (kits to build swimming pools which include walls, liners, bracing and other materials), and pool equipment, such as cleaners and filters.

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

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 9.19% in the last month
• Relative Strength Index 69.13%
• Technical support level at  88.23
• Recently traded at 90.41 with a 50 day moving average of 83.03

Fundamental factors:

• Market Cap $3.88 billion
• P/E 30.32
• Dividend yield 1.17%
• Revenue expected to grow 6.40% this year and another 6.50% next year
• Earnings estimated to increase 14.10% this year, another 13.60% next year and continue to compound at an annual rate of 15.00% for the next 5 years
• Wall Street analysts issued 2 strong buy, 2 buy and 4 hold recommendation on the stock

The 50-100 Day MACD Oscillator has a reliable technical trading strategy for this stock/

5 Small Caps for Momentum Investors

Today I used Barchart to sort the S&P 600 Small Cap Index stocks for the most frequent new highs in the last month then I used the Flipchart feature to review the charts for consistency.  The watch list additions are:

Pinnacle Entertainment (PNK), SPX Corp (SPXC), TREX Company (TREX), Government Properties Income Trust (GOV) and Surgical Care Affiliates (SCAI)

Pinnacle Entertainment (PNK)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above ts 20, 50 and 100 day moving averages
• 15 new highs and up 17.54% in the last month
• Relative Strength Index 76.79%
• Technical support level at 35.03
• Recently traded at 36.98 with a 50 day moving average of 31.33

SPX Corp (SPXC)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above ts 20, 50 and 100 day moving averages
• 15 new highs and up 21.83% in the last month
• Relative Strength Index 77.27%
• Technical support level at 15.77
• Recently traded at 16.16 with a 50 day moving average of 12.41

TREX Company (TREX)

Barchart technical indicators:

• 72% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 13.92% in the last month
• Relative Strength Index 67.50%
• Technical support level at 47.29
• Recently traded at 48.90 with a 50 day moving average of 42.33

Government Properties Income Trust (GOV)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 12.47% in the last month
• Relative Strength Index 72.57%
• Technical support level at 17.82
• Recently traded at 18.17 with a 50 day moving average of 15.68

Surgical Care Affiliates (SCAI)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 12.32% in the last month
• Relative Strength Index 66.56%
• Technical support level at 45.59
• Recently traded at 47.69 with a 50 day moving average of 43.01

MORNING CALL 4/13

MORNING CALL

Wednesday, April 13th, 2016View Older Reports

Everything you need to know about the markets in one free daily newsletter.

E-mail:  

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM16 +0.55%) are up +0.56% and European stocks are up +2.51%, both at 1-week highs, after stronger-than-expected Chinese trade data stoked optimism in the global economy. China Mar exports rose +11.5% y/y, the most in 13 months, and China Mar imports fell less than expected, a sign that China's economy may be stabilizing. Also, JPMorgan Chase is up nearly 2% in pre-market trading after it reported Q1 adjusted EPS of $1.41, higher than consensus of $1.25. A +0.54% gain in copper prices (HGK16 +0.44%) to a 1-week high has also boosted mining stocks and raw material producers with Freeport-McMoRan and Alcoa both up at least 1% in pre-market trading. Asian stocks settled higher: Japan +2.84%, Hong Kong +3.19%, China +1.42%, Taiwan +1.42%, Australia +1.59%, Singapore +2.69%, South Korea closed for holiday, India +1.91%. Japan's Nikkei Stock Index climbed to a 1-week high as strength in USD/JPY gave export stocks a lift and China's Shanghai Composite jumped to a 3-month high on signs that stimulus measures are positively impacting China's economy.

The dollar index (DXY00 +0.70%) is up +0.68%. EUR/USD (^EURUSD) is down -0.72%% at a 2-week low after Eurozone Feb industrial production fell by the most in 1-1/2 years. USD/JPY (^USDJPY) is up +0.64%.

Jun T-note prices (ZNM16 -0.07%) are down -4.5ticks at a 1-week low

Eurozone Feb industrial production fell -0.8% m/m, weaker than expectations of -0.7% m/m and the biggest decline in 1-1/2 years.

The China Mar trade balance unexpectedly shrank to a +$29.86 billion surplus, narrower than expectations of +$34.95 billion and the smallest surplus in a year. Mar exports rose +11.5% y/y, stronger than expectations of +10.0% y/y and the biggest increase in 13 months. Mar imports fell -7.6% y/y, a smaller decline than expectations of -10.1% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +2.7% with purchase sub-index -2.4% and refi sub-index +6.8%), (2) Mar retail sales (expected +0.1% and +0.4% ex-autos, Feb -0.1% and -0.1% ex-autos), (3) Mar final demand PPI (expected +0.2% m/m and +0.3% y/y, Feb -0.2% m/m and unch y/y) and Mar PPI ex-food & energy (expected +0.1% m/m and +1.3% y/y, Feb unch m/m and +1.2% y/y), (4) Feb business inventories (expected -0.1%, Jan +0.1%), (5) the Treasury's auction of $20 billion of 10-year T-notes, and (6) Fed's Beige Book.

There are 4 of the Russell 1000 companies that report earnings today: JPMorgan Chase (consensus $1.25), Commerce Bancshares (0.62), Alere (0.58), TerraForm Power (-0.22).

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

Equity conferences during the remainder of this week include: Goldman Sachs Cars Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

JPMorgan Chase (JPM +1.86%) is up nearly 2% in pre-market trading after it reported Q1 adjusted EPS of $1.41, higher than consensus of $1.25.

Stryker (SYK +1.11%) was downgraded to 'Neutral' from 'Outperform' at Baird.

Chipotle Mexican Grill (CMG +0.09%) and Yum! Brands (YUM +0.31%) were both downgraded to 'Underperform' from 'Outperform' at CLSA.

Wynn Resorts Ltd. (WYNN -1.14%) was downgraded to 'Hold' from 'Buy' at Deutsche Bank.

Western Digital (WDC -0.59%) was downgraded to 'Neutral' from 'Buy' at Longbow.

Healthcare Services Group (HCSG +0.74%) reported Q1 EPS of 26 cents, right on consensus, although Q1 revenue of $384.8 million was better than consensus of $378.8 million.

Tyson Foods (TSN +1.38%) was downgraded to 'Outperform' from 'Buy' at CLSA.

Foot Locker (FL +0.87%) gained over 1% in after-hours trading after it was upgraded to 'Overweight' from 'Neutral' at Piper Jaffray.

The Brink's Company (BCO +1.40%) was rated a new 'Buy' at BB&T Capital with a 12-month price target of $38.

Valeant Pharmaceuticals International (VRX +2.04%) dropped 2% in after-hours trading after the company said it received a default notice from some of its bondholders after it missed a deadline to file its annual report last month.

CSX Corp. (CSX +1.88%) fell 2% in after-hours trading after it reported Q1 EPS of 37 cents, right on consensus, but Q1 revenue of $704 million was below consensus of $707.9 million.

Rice Energy (RICE +8.18%) slid over 3% in after-hours trading after it started a public offering of 23.5 million shares of common stocks.

Acura Pharmaceuticals (ACUR -1.08%) jumped nearly 13% in after-hours trading after the U.S. Food & Drug Administration designated Acura's hydromorphone with oral abuse-deterrent technology as a Fast Track development program for pain management in patients.

MARKET COMMENTS

June E-mini S&Ps (ESM16 +0.55%) this morning are up +11.50 points (+0.56%) at a 1-week high. Tuesday's closes: S&P 500 +0.97%, Dow Jones +0.94%, Nasdaq +0.84%. The S&P 500 on Tuesday closed higher on strength in energy producer stocks as crude oil rallied to a 3-week high. Stocks were undercut by the IMF's cut in its 2016 global GDP forecast to +3.2% from its Jan estimate of +3.4%.

June 10-year T-note prices (ZNM16 -0.07%) this morning are down -4.5 ticks at a 1-week low. Tuesday's closes: TYM6 -15.50, FVM6 -9.25. Jun T-notes on Tuesday closed lower on reduced safe-haven demand with the rally in stocks and on comments from Philadelphia Fed President Harker who said the Fed could raise interest rates at any FOMC meeting, including the upcoming April 26-27 meeting. Stocks were also undercut by supply pressures as the Treasury auctions $56 billion of T-notes and T-bonds this week.

The dollar index (DXY00 +0.70%) this morning is up +0.643 (+0.68%). EUR/USD (^EURUSD) is down -0.0082 (-0.72%) at a 2-week low. USD/JPY (^USDJPY) is up +0.69 (+0.64%). Tuesday's closes: Dollar Index +0.009 (+0.01%), EUR/USD -0.0022 (-0.19%), USD/JPY +0.60 (+0.56%). The dollar index on Tuesday recovered from a 7-1/2 month low and closed higher on strength in USD/JPY on short-covering after Japanese Finance Minister Aso warned that Japan will take action "as needed" if there are one-sided currency moves. The dollar index was also boosted by hawkish comments from Philadelphia Fed President Harker who said the Fed could raise interest rates at any FOMC meeting, including the meeting in two weeks.

May WTI crude oil (CLK16 -1.75%) is down -59 cents (-1.40%). May gasoline (RBK16 -1.58%) is down -0.0204 (-1.33%). Tuesday's closes: CLK6 +1.81 (+4.48%), RBK6 +0.0266 (+1.76%). May crude oil and gasoline on Tuesday closed sharply higher with May crude at a 3-week high and May gasoline at a 7-1/2 month high. Crude oil prices were boosted by an Interfax report citing a report that Saudi Arabia and Russia have reached a consensus on an oil production freeze. Crude oil prices were also boosted by the EIA's forecast for U.S. oil-shale output to fall to a 1-3/4 year low of 4.84 million bpd in May.

GLOBAL EVENT CALENDAR04/13/2016

US	0700 ET	Weekly MBA mortgage applications, previous +2.7% with purchase sub-index -2.4% and refi sub-index +6.8%.
	0830 ET	Mar retail sales expected +0.1% and +0.4% ex-autos, Feb -0.1% and -0.1% ex-autos. Mar retail sales ex-autos and ex-gas expected +0.3%, Feb +0.3%.
	0830 ET	Mar final demand PPI expected +0.2% m/m and +0.3% y/y, Feb -0.2% m/m and unch y/y. Mar PPI ex-food & energy expected +0.1% m/m and +1.3% y/y, Feb unch m/m and +1.2% y/y.
	1000 ET	Feb business inventories expected -0.1%, Jan +0.1%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1300 ET	Treasury auctions $20 billion of 10-year T-notes.
	1400 ET	Fed Beige Book.
EUR	0500 ET	Eurozone Feb industrial production expected -0.7% m/m and +1.3% y/y, Jan +2.1% m/m and +2.8% y/y.
UK	0430 ET	BOE Credit Conditions & Bank Liabilities surveys.
	1901 ET	UK Mar RICS house price balance expected 50%, Feb 50%.

U.S. STOCK CALENDAR04/13/2016

Company	Ticker	Time	Event Description	Period	Estimate
Commerce Bancshares Inc/MO	CBSH US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.623
JPMorgan Chase & Co	JPM US	6:45	Q1 2016 Earnings Release	Q1 2016	1.254
JPMorgan Chase & Co	JPM US	8:30	Q1 2016 Earnings Call	Q1 2016
CSX Corp	CSX US	8:30	Q1 2016 Earnings Call	Q1 2016
Delphi Automotive PLC	DLPH US	9:00	Investor Meeting	Y 2016
Flowers Foods Inc	FLO US	12:15	Investor Meeting	Y 2016
Lennar Corp	LEN US		Annual General Meeting
Adobe Systems Inc	ADBE US		Annual General Meeting
Waddell & Reed Financial Inc	WDR US		Annual General Meeting
Alere Inc	ALR US		Q4 2015 Earnings Release	Q4 2015	0.576
Yelp Inc	YELP US		Annual General Meeting
TerraForm Power Inc	TERP US		Q4 2015 Earnings Release	Q4 2015	-0.219

Omnicom - Chart of the Day

Omnicom (OMC) is the Barchart Chart of the Day. The advertising company has a Trend Spotter buy signal, a Weighted Alpha of 17.00+ and gained 7.14% in the last year.

The Chart of the Day belongs to Omnicom (OMC).  I found the advertising stock by using Barchart to sort the All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better.  Next I reviewed the charts using the Flipchart feature.  Since the Trend Spotter signaled a buy on 2/16 the stock gained 11.21%.

Omnicom Group Inc. provides corporate communications services to clients worldwide on a global, pan-regional, national and local basis. The corporate communications services offered by the company include advertising in various media such as television, radio, newspaper, magazines, outdoor and the Internet, as well as public relations, specialty advertising, direct response and promotional marketing, strategic media planning and buying, and Internet and digital media development.

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

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter by signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 6.69% in the last month
• Relative Strength Index 70.95%
• Technical support level at 82.62
• Recently traded at 84.33 with a 50 day moving average of 78.40

Fundamental factors:

• Market Cap $20.41 billion
• P/E 18.85
• Dividend yield 2.41%
• Revenue expected to grow 2.90% this year and another 4.30% next year
• Earnings estimated to increase 7.00% this year, an additional 8.90% next year and continue to compound at an annual rate of 5.70% in the next 5 years
• Wall Street analysts issued 2 strong buy, 3 buy, 11 hold, 1 under perform and 1 sell recommendation on the stock

5 Mid Caps for Momentum Investors

Today I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the most frequent new highs in the last month, then again for technical by signals of 80% or better.  Next used the Flipchart feature to review the charts for consistency.  Today's additional to the watch list include:

RPM International (RPM), Lenox International (LII), Interdigital (IDCC), Aaron's (AAN), and Fortune Brands Home and Security (FBHS)

RPM International (RPM)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 11.29% in the last month
• Relative Strength Index 70.74%
• Technical support level at 56.52
• Recently traded at 57.23 with a 50 day moving average of 51.71

Lenox International (LII)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 6.78% in the last month
• Relative Strength Index 78.46%
• Technical support level at 138.03
• Recently traded at 140.00 with a 50 day moving average of 128.31

Interdigital (IDCC)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 6.01% in the last month
• Relative Strength Index 64.89%
• Technical support level at 53.20
• Recently traded at 56.03 with a 50 day moving average of 50.59

Aaron's (AAN)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter by signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 8.10% in the last month
• Relative Strength Index 65.57%
• Technical support level at 25.41
• Recently traded at 26.32 with a 50 day moving average of 23.52

Fortune Brands Hone and Security (FBHS)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 11.29% in the last month
• Relative Strength Index 70.74%
• Technical support level at 56.52
• Recently traded at 57.19 with a 50 day moving average of 51.71

MORNING CALL 4/12

MORNING CALL

Tuesday, April 12th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM16 +0.29%) are up +0.34% and European stocks are up +0.37% as a +0.50% rally in crude oil to a 2-1/2 week high boosts energy producers. Mining stocks are higher as well, led by a 5% gain in Anglo American Plc, as the price of gold climbed +0.11% to a 3-week high and after Anglo's De Beers unit forecast stronger diamond sales. Asian stocks settled mixed: Japan +1.13%, Hong Kong +0.31%, China -0.34%, Taiwan-0.37%, Australia +0.89%, Singapore +0.19%, South Korea +0.68%, India +0.49%. Japanese bank stocks rallied helped pushed the Nikkei Stock Index higher after the BOJ reduced the portion of bank funds subject to negative interest rates. Also, exporters gained after the yen stabilized following a 7-day rally.

The dollar index (DXY00 -0.02%) is down -0.10% at a 7-1/2 month low. EUR/USD (^EURUSD) is up +0.06% at a 5-3/4 month high after German Mar wholesale price posted their largest monthly increase in 10 months. USD/JPY (^USDJPY) is up +0.36%.

Jun T-note prices (ZNM16 -0.23%) are down -9 ticks.

Bundesbank President Weidmann is quoted in a Financial Times interview as saying "the ECB has to deliver on its price stability mandate and thus an expansionary monetary policy stance is appropriate at this juncture regardlesss of different views about specific measures."

The German Mar wholesale price index rose +0.3% m/m, the largest monthly increase in 10 months. Year-on-year, Mar wholesale prices fell -2.6% y/y and matched the Jan 2015 decline as the largest year-on-year decline in 6-1/3 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Mar import price index (expected +1.0% m/m and -4.7% y/y, Feb -0.3% m/m and -6.1% y/y), (2) Philadelphia Fed President Patrick Harker's speech on the economic outlook at an event in Philadelphia, (3) the Treasury's auction of $24 billion of 3-year T-notes, (4) Mar Treasury monthly budget statement (expected -$104.0 billion, Feb -$192.6 billion), (5) San Francisco Fed President John Williams' speech at the LendIt USA 2016 Conference in San Francisco, (6) Richmond Fed President Jeffrey Lacker's speech on “Economic Leadership in an Uncertain World” at the University of North Carolina Wilmington’s Cameron School of Business and (7) USDA Apr WASDE crop production.

There are 2 of the Russell 1000 companies that report earnings today: Fastenal (consensus $0.45), CSX (0.37).

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

Equity conferences this week include: IPAA Oil & Gas Investment Symposium on Mon-Tue, Needham Healthcare Conference on Tue, Goldman Sachs Cars Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

Corning (GLW +0.44%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs with a price target of $26.

Alcoa (AA +3.95%) slid over 4% in pre-market trading after it reported Q1 revenue of $4.95 billion, below consensus of $5.2 billion.

Starbucks (SBUX -0.23%) was downgraded to 'Hold' from 'Buy' at Deutsche Bank.

ADT Corp. (ADT +0.02%) was downgraded to 'Sell' from 'Hold' at Argus Research.

Juniper Networks (JNPR -0.16%) dropped over 6% in after-hours trading after it lowered guidance on Q1 adjusted EPS to 35 cents-37 cents from a January estimate of 42 cents-46 cents, below consensus of 45 cents. Cisco Systems (CSCO -0.25%) fell over 1% and F5 Networks (FFIV -0.17%) dropped nearly 2% in after-hours trading after the Juniper news.

Mohawk Industries (MHK +0.23%) was rated a new 'Buy' at MKM Partners with a price target of $244.

Retrophin (RTRX -2.50%) was rated a new 'Outperform' at BMO Capital Markets with a 12-month price target of $25.

Yandex (YNDX +4.19%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs

Dycom Industries (DY +0.43%) was rated a new 'Buy' at Canaccord Genuity with a price target of $75.

Affimed NV (AFMD +2.37%) was rated a new 'Outperform' at BMO Capital Markets with a 12-month price target of $7.

Pandora Media (P -0.97%) gained over 2% in after-hours trading after it was rated a new 'Buy' at Citigroup with a price target of $16.

Marathon Oil (MRO -0.93%) climbed nearly 2% in after-hours trading after it said it will divest all of its Wyoming upstream and midstream assets for $870 million, ex-closing adjustments.

Sprint Realty Capital (SRC -0.95%) fell over 3% in after-hours trading after it began a 27 million share secondary offering of common stock.

MARKET COMMENTS

June E-mini S&Ps (ESM16 +0.29%) this morning are up +7.00 points (+0.34%). Monday's closes: S&P 500 -0.27%, Dow Jones -0.12%, Nasdaq -0.36%. The S&P 500 on Monday erased an early rally and closed lower on long liquidation pressure ahead of Q1 corporate earnings results that are expected to show a -7.6% y/y decline, the worst since the Great Recession ended. Stocks were also undercut by weakness biotechnology stocks. Stocks initially opened higher on the +1.64% rally in China's Shanghai Composite on signs of economic improvement after China Mar producer prices increased month-on-month for the first time in 2-1/2 years.

June 10-year T-note prices (ZNM16 -0.23%) this morning are down -9 ticks. Monday's closes: TYM6 unch, FVM6 +0.50. Jun T-notes on Monday closed little changed. T-notes were undercut by supply pressures as the Treasury auctions $56 billion of T-notes and T-bonds this week starting with Tuesday's $24 billion auction of 3- T-notes. After early weakness, T-notes rallied back later in the session on increased safe-haven demand as stocks sold off and as the 10-year T-note breakeven inflation expectations rate fell to a 1-1/2 week low.

The dollar index (DXY00 -0.02%) this morning is down -0.097 (-0.10%) at a 7-1/2 month low. EUR/USD (^EURUSD) is up +0.0007 (+0.06%) at a 5-3/4 month high. USD/JPY (^USDJPY) is up +0.39 (+0.36%). Monday's closes: Dollar Index -0.285 (-0.30%), EUR/USD +0.0009 (+0.08%), USD/JPY -0.13(-0.12%). The dollar index on Monday sold off to a 7-1/2 month low and closed lower on strength in the the crude-oil currencies of Canada and Russia after crude oil prices rose to a 2-week high. In addition, there was weakness in USD/JPY, which sank to a new 17-1/2 month low.

May WTI crude oil (CLK16 +0.89%) is up +20 cents (+0.50%) at a 2-1/2 week high. May gasoline (RBK16 +0.04%)is down -0.0036 (-0.24%). Monday's closes: CLK6 +0.64 (+1.61%), RBK6 +0.0440 (+3.01%). May crude and gasoline on Monday closed higher with May crude at a 2-week high and May gasoline at a 3-week high. Crude oil prices were boosted by the slide in the dollar index to a 7-1/2-month low and positive carryover from Friday's news that Baker Hughes U.S. active oil rigs in the week ended Apr 8 fell by -8 rigs to a 6-1/3 year low of 354 rigs.

GLOBAL EVENT CALENDAR04/12/2016

US	0830 ET	Mar import price index expected +1.0% m/m and -4.7% y/y, Feb -0.3% m/m and -6.1% y/y.
	0900 ET	Philadelphia Fed President Patrick Harker speaks on the economic outlook at an event in Philadelphia.
	1200 ET	USDA Apr WASDE crop production.
	1300 ET	Treasury auctions $24 billion of 3-year T-notes.
	1400 ET	Mar monthly budget statement expected -$104.0 billion, Feb -$192.6 billion.
	1500 ET	San Francisco Fed President John Williams speaks at the LendIt USA 2016 Conference in San Francisco.
	1600 ET	Richmond Fed President Jeffrey Lacker speaks on Economic Leadership in an Uncertain World at the University of North Carolina Wilmingtons Cameron School of Business.
JPN	0200 ET	Japan Mar machine tool orders, Feb -22.5% y/y.
	1950 ET	Japan Mar PPI expected unch m/m and -3.5% y/y, Feb -0.2% m/m and -3.4% y/y.
GER	0200 ET	Revised German Mar CPI (EU harmonized), preliminary +0.8% m/m and +0.1% y/y.
	0200 ET	German Mar wholesale price index, Feb -0.5% m/m and -1.9% y/y.
UK	0430 ET	UK Mar CPI expected +0.3% m/m and +0.4% y/y, Feb +0.2% m/m and +0.3% y/y. Mar core CPI expected +1.3% y/y, Feb +1.2% y/y.
	0430 ET	UK Mar RPI expected +0.3% m/m and +1.4% y/y, Feb +0.5% m/m and +1.3% y/y. Mar RPI ex-mortgage interest payments expected +1.5% y/y, Feb +1.4% y/y.
	0430 ET	UK Mar PPI input prices expected +2.3% m/m and -6.2% y/y, Feb +0.1% m/m and -8.1% y/y.
	0430 ET	UK Mar output prices expected +0.2% m/m and -1.0% y/y, Feb +0.1% m/m and -1.1% y/y. Mar PPI output core expected +0.1% m/m and +0.3% y/y, Feb +0.2% m/m and +0.2% y/y.
	0430 ET	UK Feb ONS house prices, Jan +7.9% y/y.
CHI	n/a	China Mar trade balance expected +$34.95 billion, Feb +$32.59 billion. Mar exports expected +10.0% y/y, Feb -25.4% y/y. Mar imports expected -10.1% y/y, Feb -13.8% y/y.

U.S. STOCK CALENDAR04/12/2016

Company	Ticker	Time	Event Description	Period	Estimate
Fastenal Co	FAST US	7:00	Q1 2016 Earnings Release	Q1 2016	0.445
Bank of New York Mellon Corp/The	BK US	9:00	Annual General Meeting
Tiffany & Co	TIF US	9:30	Analyst and Investor Day	Y 2016
Moody's Corp	MCO US	9:30	Annual General Meeting	Y 2016
Fastenal Co	FAST US	10:00	Q1 2016 Earnings Call	Q1 2016
CSX Corp	CSX US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.368