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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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  • Voted 5 Best Stocks

    On Motley Fool the readers voted on which stock they thought were likely to beat the market. The top 5 vote getters were Berkshire Hathaway(NYSE:BRK.B) 7073 votes, Activision Blizzard (NASDAQ:ATVI) 6979 votes, Walt Disney (NYSE:DIS) 6459 votes, ConocoPhillips (NYSE:COP) 598 votes and Whole Foods Market (NASDAQ:WFM) 5451 votes:

    Berkshire Hathaway (BRK.B)

    Barchart technical indicators:

     

    • 16% Barchart technical sell signal
    • Trend Spotter sell signal
    • Below its 20 and 50 day moving average but above its 100 day moving average
    • Only 3.62% off its recent high
    • Relative Strength Index 46.35%
    • Recently traded at 147.41 which is below its 50 day moving average of 148.39


    Activision Blizzard (ATVI)

    Barchart technical indicators:

     

    • 88% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 13.92% in the last month
    • Relative Strength Index 71.17%
    • Barchart computes a technical support level at 23.05
    • Recently traded at 23.32 with a 50 day moving average of 21.00


    Walt Disney (DIS)

    Barchart technical indicators:

     

    • 80% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 10 new highs and up 10.76% in the ast month
    • Relative strength Index 65.14%
    • Barchart computes a technical support leve at 103.21
    • Recently traded at 104.08 with a 50 day moving average of 97.04


    ConocoPhillips (COP)

    Barchart technical indicators:

     

    • 56% Barchart technical sell signals
    • Trend Spotter hold signal
    • Below its 20, 50 and 100 day moving averages
    • 25.13% off its recent high
    • Relative Strength Index 43.04%
    • Recently traded at 65.20 which is below its 50 day moving average of 66.44


    Whole Foods Market (WFM)

    Barchart technical indicators:

     

    • 88% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 6 new highs and up 6.28% in the ast month
    • Relative Strength Index 65.20%
    • Barchart computes a technical support leve at 55.82
    • Recently traded at 56.49 with a 50 day moving average of 52.42
    Tags: BRK.B, ATVI, DIS, COP, WFM
    Feb 27 7:33 PM | Link | 1 Comment
  • Intersect ENT - Barchart Chart Of The Day

    The Chart of the Day is Intersect ENT (NASDAQ:XENT). I found the stock by sorting the All Time High list for the stock with the best technical buy signals then used the Flipchart function to review the charts. Since the Trend Spotter signaled a buy on 1/5 the stock is up 20.73%.

    Intersect ENT, Inc. is a commercial drug-device company. The Company's initial products, PROPEL and PROPEL mini, are drug-eluting implants for use in patients with chronic sinusitis. It offers products and therapies for ear, nose, and throat surgeons to improve treatment for their patients with chronic diseases.

    (click to enlarge)

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

    Barchart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 5 new highs and up 20.5% in the last month
    • Relative Strength Index 77.94%
    • Barchart computes a technical support level at 22.42
    • Recently traded at 26.41 with a 50 day moving average of 21.42


    Fundamental factors:

     

    • Market Cap $617.20
    • Revenue expected to grow 71.00% this year and another 44.30% next year
    • Earnings estimated to increase 39.80% ts year and an additional 64.90% next year
    • Wall Street analysts issued 3 strong buy and 2 buy recommendations on the stock


    The 20-50 Day MACD Oscillator has been an effective technical trading strategy for this stock and should continue to be used to find entry and exit points.

    Tags: XENT
    Feb 27 6:32 PM | Link | Comment!
  • BARCHART MORNING CALL 2/27

    BARCHART MORNING CALL

    Friday, February 27th, 2015

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

    OVERNIGHT MARKETS AND NEWS

    March E-mini S&Ps (ESH15 -0.15%) this morning are down -0.12% and European stocks are down -0.04% on expectations for U.S. Q4 GDP to be revised lower later today. Stock losses were limited after German lawmakers approved an extension of Greece's loan program. Asian stocks closed mixed: Japan +0.06%, Hong Kong -0.32%, China +0.18%, Taiwan closed for holiday, Australia +0.34%, Singapore -0.68%, South Korea -0.58%, India +1.65%. Japan's Nikkei Stock Index rose to a 14-3/4 year high after Jan industrial production rose more than expected by the most in 3-1/2 years. China's Shanghai Stock Index climbed to a 4-week high ahead of the annual National People's Congress meeting next week. China's yuan fell to 6.2699 per dollar, a 2-1/3 year low, after the PBOC cut its reference rate by the most in a month. Commodity prices are mixed. Apr crude oil (CLJ15 +1.43%) is up +1.74% and Apr gasoline (RBJ15 +1.12%) is up +0.95% at a 2-1/2 month high. Apr gold (GCJ15 -0.10%) is down -0.20%. Mar copper (HGH15 -0.94%) is down -0.87% after weekly Shanghai copper inventories surged +50,475 MT to 205,146 MT, an 11-month high. Agriculture prices are higher. The dollar index (DXY00 -0.26%) is down -0.27%. EUR/USD (^EURUSD) is up +0.22%. USD/JPY (^USDJPY) is down -0.07%. Mar T-note prices (ZNH15 -0.11%) are down -6 ticks.

    The Japan Jan jobless rate unexpectedly rose +0.2 to 3.6% when expectations were for no change at 3.4%. The Jan job-to-applicant ratio was unchanged at 1.14, weaker than expectations of 1.15.

    Japan Jan overall household spending fell -5.1% y/y, weaker than expectations of -4.1% y/y and the tenth consecutive month that spending has declined.

    Japan Jan national CPI rose 2.4% y/y, right on expectations. Jan national CPI ex-fresh food rose +2.2% y/y, less than expectations of +2.3% y/y and the slowest pace of increase in 10 months. Jan national CPI ex food & energy rose +2.1% y/y, right on expectations.

    Japan Jan industrial production rose +4.0% m/m, stronger than expectations of +2.7% m/m and the largest increase in 3-1/2 years. Year-over-year, Jan industrial production fell -2.6% y/y, less than expectations of -3.1% y/y.

    Japan Jan retail sales fell -1.3% m/m and -2.0% y/y, weaker than expectations of -0.4% m/m and -1.2% y/y.

    The German Jan import price index fell -0.8% m/m and -4.4% y/y, less than expectations of -1.1% m/m and -4.6% y/y.

    U.S. STOCK PREVIEW

    Today's Q4 GDP report is expected to be revised substantially lower to +2.0% (q/q annualized) from +2.6% in the preliminary report due to weaker trade and inventory figures. Today's final-Feb U.S. consumer confidence index from the University of Michigan is expected to be revised higher by +0.4 points to 94.0 from the early-Feb level of 93.6. Today's Feb Chicago PMI is expected to show a decline of -1.4 to 58.0, more than offsetting the +0.6 point increase to 59.4 seen in January. The market is expecting today's Jan pending home sales report to show a +2.0% m/m increase, recovering some ground after December's -3.7% decline.

    There are 3 of the S&P 500 companies that report earnings today: NRG Energy (consensus $0.54), Pepco (0.20), Leucadia National Corp. Equity conferences during the remainder of this week include: Gabelli & Company Inaugural Waste & Environmental Services Symposium on Fri.

    OVERNIGHT U.S. STOCK MOVERS

    CBOE Holdings (CBOE -1.63%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.

    FedEx (FDX -0.59%) was upgraded to 'Outperform' from 'Neutral' at Credit Suisse.

    Universal Health (UHS +3.02%) reported Q4 EPS of $1.71, better than consensus of $1.50.

    Southwestern Energy (SWN -5.79%) reported Q4 adjusted EPS of 52 cents, higher than consensus of 50 cents.

    MasTec (MTZ -0.96%) reported Q4 adjusted EPS of 40 cents, above consensus of 38 cents.

    Bio-Rad (BIO +0.91%) reported Q4 EPS of $1.34, higher than consensus of $1.18.

    Tutor Perini (TPC -0.73%) reported Q4 EPS of 56 cents, weaker than consensus of 71 cents, and then lowered guidance on fiscal 2015 EPS to $2.20-$2.50, well below consensus of $2.89.

    Mentor Graphics (MENT -2.73%) reported Q4 EPS of $1.09, better than consensus of $1.07.

    Ingram Micro (IM -0.04%) reported Q4 EPS of 98 cents, less than consensus of 99 cents.

    Herbalife (HLF +3.45%) reported Q4 adjusted EPS of $1.41, better than consensus of $1.22, but then lowered guidance on fiscal 2015 adjusted EPS to $4.10-$4.50, well below consensus of $5.08.

    J.C. Penney (JCP +1.45%) dropped over 11% in after-hours trading after it reported Q4 adjusted EPS of 0 cents, well below consensus of 11 cents.

    Monster Beverage (MNST +0.77%) gained over 4% in after-hours trading after it reported Q4 EPS of 72 cents, well above consensus of 59 cents.

    Autodesk (ADSK -1.61%) reported Q4 EPS of 25 cents, above consensus of 24 cents, but then lowerd guidance on fical 2016 EPS to $1.05-$1.20, below consensus of $1.32.

    Ross Stores (ROST +0.60%) jumped nearly 5% in after-hours trading after it reported Q4 EPS of $1.20, higher than consensus of $1.11, and then announced a new $1.4 billion stock repurchase program.

    The Gap (GPS +0.20%) rose nearly 3% in pre-market trading after it reported Q4 EPS of 75 cents, better than consensus of 74 cents, and then announced a $1 billion share repurchase program.

    MARKET COMMENTS

    Mar E-mini S&Ps (ESH15 -0.15%) this morning are down -2.50 points (-0.12%). The S&P 500 index on Thursday closed lower: S&P 500 -0.15%, Dow Jones -0.06%, Nasdaq +0.49%. Negative factors included (1) the +31,000 increase in U.S weekly initial unemployment claims, more than expectations of +7,000, (2) the +0.3% increase in Jan durable goods orders ex-transportation, weaker than expectations of +0.5%, and (3) weakness in energy producers as crude oil fell.

    Mar 10-year T-notes (ZNH15 -0.11%) this morning are down -6 ticks. Mar 10-year T-note futures prices on Thursday fell back from a 2-week high and closed lower. Closes: TYH5 -14.00, FVH5 -9.25. Bearish factors included (1) the larger-than-expected +0.2% m/m increase in Jan core CPI, which may put the Fed closer to raising interest rates, and (2) supply pressures as the Treasury auctioned $29 billion of 7-year T-notes.

    The dollar index (DXY00 -0.26%) this morning is down -0.261 (-0.27%). EUR/USD (^EURUSD) is up +0.0025 (+0.22%). USD/JPY (^USDJPY) is down -0.08 (-0.07%). The dollar index on Thursday rallied to a 1-month high and closed higher: Dollar index +1.079 (+1.15%), EUR/USD -0.01638 (-1.44%), USD/JPY +0.555 (+0.47%). Bullish factors included (1) the +0.2% m/m increase in U.S. Jan core CPI, stronger than expectations of +0.1%, which reduces deflation concerns and puts the Fed closer to raising interest rates, and (2) weakness in EUR/USD which fell to a 1-month low as the ECB will soon begin its QE program and start buying sovereign debt next month.

    Apr WTI crude oil (CLJ15 +1.43%) this morning is up +84 cents (+1.74%) and Apr gasoline (RBJ15 +1.12%) is up +0.0181 (+0.95%) at a 2-1/2 month high. Apr crude and Apr gasoline prices on Thursday closed lower: CLJ5 -2.82 (-5.53%), RBJ5 -0.0022 (-0.11%). Bearish factors included (1) the rally in the dollar index to a 1-month high and (2) negative carry-over from Wednesday's EIA data that showed an +8.4 million bbl increase in weekly EIA crude inventories to a record 434.1 million bbl (EIA data since 1982) and a +2.4 million bbl increase in crude supplies at Cushing, OK, the delivery point of WTI futures, to a 1-1/2 year high of 48.68 million bbl.

    GLOBAL EVENT CALENDAR02/27/2015

    US0830 ETRevised Q4 GDP expected +2.0% (q/q annualized) vs. preliminary +2.6%. Q4 personal consumptions expected unrevised at +4.3%. Q4 GDP price index expected unrevised at unch. Q4 core PCE deflator expected unrevised at +1.1% q/q.
     0900 ETFeb Milwaukee ISM expected +2.40 to 54.00, Jan -6.01 to 51.60.
     0945 ETFeb Chicago PMI expected -1.4 to 58.0, Jan +0.6 to 59.4.
     1000 ETJan pending home sales expected +2.0% m/m and +8.7% y/y, Dec -3.7% m/m and +8.5% y/y.
     1000 ETFinal-Feb U.S. consumer confidence index (University of Michigan) expected +0.4 to 94.0, early-Feb -4.5 to 93.6.
     1015 ETNew York Fed President William Dudley and Cleveland Fed President Loretta Nester are discussants of a report on the new neutral for the federal funds rate and condition of the economy at the University of Chicagos Booth School of Business 2015 U.S. Monetary Policy Forum.
     1330 ETFed Vice Chairman Stanley Fischer, ECB Vice President Vitor Constancio and BOJ Deputy Governor Hiroshi Nakaso participate in a panel discussion on Conducting Monetary Policy with a Large Balance Sheet at the University of Chicagos Booth School of Business 2015 U.S. Monetary Policy Forum.
    JPN0000 ETJapan Jan housing starts expected -11.6% y/y to 880,000 annualized, Dec -14.7% y/y to 883,000 annualized.
     0000 ETJapan Jan construction orders, Dec +7.5% y/y.
    GER0200 ETGerman Jan import price index expected -1.1% m/m and -4.6% y/y, Dec -1.7% m/m and -3.7% y/y.
     0800 ETGerman Feb CPI (EU harmonized) expected +0.6% m/m and -0.5% y/y, Jan -1.3% m/m and -0.5% y/y.
    UK0430 ETRevised UK Q4 GDP, previous +0.5% q/q and +2.7% y/y.
     0430 ETUK Q4 total business investment, Q3 -1.4% q/q and +5.2% y/y.
     0430 ETUK Dec index of services, Nov +0.1% m/m and +0.8% 3-mon/3-mon.
     0430 ETUK Feb Lloyds business barometer, Jan 52.

    U.S. STOCK CALENDAR02/27/2015

    CompanyTickerTimeEvent DescriptionPeriodEstimate
    NRG Energy IncNRG USBef-mktQ4 2014 Earnings ReleaseQ4 20140.541
    Principal Financial Group IncPFG US8:00RoadshowY 2015 
    Eaton Corp PLCETN US8:30Analyst ConferenceY 2015 
    Universal Health Services IncUHS US9:00Q4 2014 Earnings CallQ4 2014 
    NRG Energy IncNRG US9:00Q4 2014 Earnings CallQ4 2014 
    Whole Foods Market IncWFM US9:00Investor ConferenceY 2015 
    Southwestern Energy CoSWN US10:00Q4 2014 Earnings CallQ4 2014 
    Pepco Holdings IncPOM US Q4 2014 Earnings ReleaseQ4 20140.2
    Leucadia National CorpLUK US Q4 2014 Earnings ReleaseQ4 2014

    Tags: CBOE, FDX, UHS, SWN, MTZ, BIO, TPC, MENT, IM, HLF, JCP, MNST, ADSK, ROST, GPS, NRG, PFG, ETN, WFM, POM, LUK
    Feb 27 11:34 AM | Link | Comment!
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  • $WFM - 88% Barchart technical buy signals - 6 new highs and up 6.28% in the last month - Relative Strength Index 65.20%
    about 19 hours ago
  • $COP - 56% Barchart technical sell signal - 25.13% off its recent high - elative Strength Index 43.04%
    about 19 hours ago
  • $DIS - 80% Barchart technical buy signals - 10 new highs and up 10.76% in the last month - Relative Strength Index 65.14%
    about 19 hours ago
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