Seeking Alpha

Jim Van Meerten's  Instablog

Jim Van Meerten
Send Message
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
My company:
Marketocracy Capital Management
My blog:
Barchart Portfolio Blogs
View Jim Van Meerten's Instablogs on:
  • 5 Stocks For Your Watchlist

    Today I used Barchart to sort a list of Wall Street's highly recommended stocks to find the 5 with the best technical by signals for my Stock Picks blog. The list includes Vectren (NYSE:VVC), Ameren (NYSE:AEE), American Electric Power (NYSE:AEP), American Water Works (NYSE:AWK) and Amgen(NASDAQ:AMGN):

    Vectren (VVC)

    Barchart technical indicators:

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new high and up 13.43% in the last month
    • Relative Strength Index 79.17%
    • Barchart computes a technical support level at 44.22
    • Recently traded at 45.26 with a 50 day moving average of 41.29

    Ameren (AEE)

    Barchart technical indicators:

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 11.09% in the last month
    • Relative Strength Index 72.39%
    • Barchart computes a technical support leve at 40.92
    • Recently traded at 42.58 with a 50 day moving average of 39.48

    American Electric Power (AEP)

    Barchart technical indicators:

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 11.61% in the last month
    • Relative Strength Index 75.50%
    • Barchart computes a technical support level at 56.38
    • Recently traded at 58.27 with a 50 day moving average of 53.71

    American Water Works (AWK)

    Barchart technical indicators:

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 18 new highs and up 10.14% in the last month
    • Relative Strength Index 72.77%
    • Barchart computes a technical support leve at 51.85
    • Recently traded at 53.12 with a 50 day moving average of 49.73

    Amgen (AMGN)

    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 15.04% in the last month
    • Relative Strength Index 79.14%
    • Barchart computes a technical support level at 157.02
    • Recently traded at 161.58 with a 50 day moving average of 139.99
    Tags: VVC, AEE, AEP, AWK, AMGN
    Oct 31 9:48 AM | Link | Comment!
  • BARCHART MORNING CALL 10/31

    BARCHART MORNING CALL

    Friday, October 31st, 2014View Older Reports

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

    E-mail: Submit


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

    OVERNIGHT MARKETS AND NEWS

    December E-mini S&Ps (ESZ14 +1.07%) this morning are up +1.16% at a contract high and European stocks are up +1.96% as global stocks rallied sharply after the BOJ unexpectedly expanded stimulus. The BOJ said it will increase holdings of government bonds to 80 trillion yen ($724 billion) from as much as 70 trillion yen and will boost exchange-traded fund purchases to 3 trillion yen. Asian stocks closed higher: Japan +4.83%, Hong Kong +1.25%, China +1.60%, Taiwan +0.98%, Australia +0.92%, Singapore +1.23%, South Korea +0.65%, India +1.90%. Japan's Nikkei Stock Index soared to a 7-year high and China's Shanghai Stock Index climbed to a 1-1/2 year high on the unexpected action by the BOJ to raise stimulus. Japanese stocks also received a boost after Japan's Government Pension Investment Fund, the world's biggest pension fund, said it will raise its allocation target for Japanese and overseas equities to 25% from 12%. In an attempt to stop the slide in the ruble, the Bank of Russia raised its key interest rate to 9.5% from 8.0%. Commodity prices are mostly lower as the dollar surged after the BOJ's action to expand stimulus. Dec crude oil (CLZ14 -0.83%) is down -0.86%. Dec gasoline (RBZ14 -1.07%) is down -1.05%. Dec gold (GCZ14 -2.12%) is down -2.18% at a 4-1/4 year low. Dec copper (HGZ14 +0.65%) is up +0.60%. Agriculture prices are mixed. The dollar index (DXY00 +0.46%) is up +0.53% at a 4-week high. EUR/USD (^EURUSD) is down -0.29% at a 3-week low after Eurozone Oct core CPI rose at the slowest pace of increase on record. USD/JPY (^USDJPY) is up +2.30% at a 6-3/4 year high as the yen plunged following the increase in quantitative easing by the BOJ. Dec T-note prices (ZNZ14 -0.21%) are down -5.5 ticks.

    The BOJ unexpectedly expanded its stimulus measures by raising the target for enlarging the monetary base to 80 trillion yen ($724 billion), up from 60 to 70 trillion yen. The BOJ also lowered its estimate for the core consumer price index to +1.7% for the fiscal year through Mar 2016, down from a previous estimate of +1.9%.

    The Eurozone Oct CPI estimate rose +0.4% y/y, right on expectations. The Oct core CPI rose +0.7% y/y, less than expectations of +0.8% y/y and matched the smallest pace of increase since the data series began in 1997.

    The Eurozone Sep unemployment rate remained unchanged at 11.5% y/y, right on expectations.

    German Sep retail sales tumbled -3.2% m/m, a bigger decrease than expectations of -0.9% m/m and the largest monthly decline in 7-1/3 years. On an annual basis, Sep retail sales rose +2.3% y/y, more than expectations of +1.2% y/y.

    Japan Sep national CPI rose +3.2% y/y less than expectations of +3.3% y/y and the slowest pace of increase in 6 months. Sep national CPI ex-fresh food rose +3.0% y/y, right on expectations, and Sep national CPI ex food & energy rose +2.3% y/y, a faster pace of increase than expectations of +2.2% y/y.

    The Japan Sep jobless rate rose +0.1 to 3.6%, right on expectations. The Sep job-to-applicant ratio fell -0.01 to 1.09, slightly weaker than expectations of unch at 1.10.

    Japan Sep overall household spending dropped -5.6% y/y, a bigger decline than expectations of -4.3% y/y and the sixth consecutive month that spending has fallen.

    U.S. STOCK PREVIEW

    Today's final-Oct U.S. consumer confidence index from the University of Michigan is expected to be unchanged from early-Oct at 86.4, thus leaving the index up by +1.8 points from Sep. Today's Sep PCE deflator is expected to be unchanged from Aug at +1.5% y/y and for the Sep core PCE deflator to also be unchanged from Aug at +1.5% y/y. Today's Oct Chicago PMI report is expected to fall -0.5 points to 60.0, adding to the -3.8 decline to 60.5 seen in September.

    There are 14 of the S&P 500 companies that report earnings today with notable reports including: Berkshire Hathaway (consensus $2,592), Exxon (1.71), Chevron (2.52), AbbVie (0.77), Newell Rubbermaid (0.555), Weyerhaeuser (0.30), Aon (1.12). There are no equity conferences today.

    OVERNIGHT U.S. STOCK MOVERS

    Wyerhaeuser (WY +1.39%) reported Q3 EPS of 33 cents, higher than consensus of 30 cents.

    Citigroup (C +0.95%) fell 1% in after-hours trading after it lowered its Q3 results due to a $600 million increase in legal accruals.

    Mohawk (MHK +0.80%) reported Q3 EPS ex-items of $2.44, better than consensus of $2.42.

    Fluor (FLR +1.36%) reported Q3 EPS of $1.15, higher than consensus of $1.10.

    Live Nation (LYV +0.44%) reported Q3 EPS of 49 cents, stronger than consensus of 38 cents.

    Standard Pacific (SPF +0.25%) reported Q3 EPS of 14 cents, less than consensus of 15 cents.

    Mylan (MYL +2.99%) reported Q3 EPS of $1.16, better than consensus of $1.14, and then raised guidance on fiscal 2014 EPS view to $3.54-$3.60, above consensus of $3.49.

    Groupon (GRPN +3.45%) reported Q3 EPS of 3 cents, triple consensus of 1 cent, but then lowered guidance on Q4 Q4 EPS ex-items to 2 cents-4 cents, below consensus of 7 cents.

    Expedia (EXPE +1.50%) reported Q3 adjusted EPS of $1.93, higher than consensus of $1.74.

    Western Union (WU +1.64%) reported Q3 EPS of 44 cents, stronger than consensus of 38 cents.

    Crown Castle (CCI +0.90%) reported Q3 FFO of $1.05, better than consensus of $1.01.

    Starbucks (SBUX +1.02%) fell over 3% in after-hours trading after it reported Q4 adjusted EPS of 74 cents, right on consensus, although Q4 revenue of $4.20 billion was slightly less than consensus of $4.23. Starbucks then lowered guiidance on fiscal 2015 EPS to $3.08-$3.13, below consensus of $3.16.

    LinkedIn (LNKD +1.70%) climbed more than 4% in pre-market trading after it reported Q3 EPS of 52 cents, stronger than consensus of 47 cents, and then raised guidance on fiscal 2014 EPS to $1.89, higher than consensus of $1.87.

    Columbia Sportswear (COLM +0.16%) reported Q3 EPS of 93 cents, better than consensus of 87 cents, and then raised guidance on fiscal 2014 EPS to $1.80, higher than consensus of $1.76.

    MARKET COMMENTS

    Dec E-mini S&Ps (ESZ14 +1.07%) this morning are up sharply by +23.00 points (+1.16%) at a fresh contract high. The S&P 500 index on Thursday climbed to a 1-month high and closed higher: S&P 500 +0.62%, Dow Jones +1.30%, Nasdaq +0.25%. Bullish factors included (1) U.S. Q3 GDP that grew at a +3.5% q/q annualized pace, stronger than expectations of +3.0% q/q annualized, (2) strong Q3 stock earnings results with about 80% of reporting S&P 500 companies having beaten earnings estimates, and (3) reduced European recession concerns after Eurozone Oct economic confidence unexpectedly rose +0.8 to 100.7, better than expectations of -0.2 to 99.7.

    Dec 10-year T-notes (ZNZ14 -0.21%) this morning are down -5.5 ticks. Dec 10-year T-note futures prices on Thursday closed higher: TYZ4 +5.50, FVZ4 +4.75. Supportive factors included (1) slack price pressures after the U.S. Q3 core PCE deflator increased at a +1.4% q/q pace, well below the Fed's 2.0% target, which fueled curve flattening trades where investors sell short-term Treasuries (i.e., 2-year and 5-year T-notes) and buy longer-term Treasuries ((i.e., 10-year T-notes and 30-year T-bonds), and (2) carry-over support from a rally n German bunds on speculation the ECB may expand stimulus measures after German Oct CPI rose less than expected.

    The dollar index (DXY00 +0.46%) this morning is up +0.458 (+0.53%) at a 4-week high. EUR/USD (^EURUSD) is down -0.0036 (-0.29%) at a 3-week low. USD/JPY (^USDJPY) is up +2.51 (+2.30%) at a 6-3/4 year high. The dollar index on Thursday posted a 3-week high and closed higher. Closes: Dollar index +0.195 (+0.23%), EUR/USD -0.00189 (-0.15%), USD/JPY +0.325 (+0.30%). Bullish factors included (1) signs of U.S. economic strength after U.S. Q3 GDP expanded at a stronger-than-expected +3.5% q/q annualized pace, and (2) weakness in EUR/USD which fell to a 3-week low on speculation the ECB may expand stimulus after German Oct CPI fell -0.3% m/m, more than expectations of -0.1% m/m and the largest decline in 5 months.

    Dec WTI crude oil (CLZ14 -0.83%) this morning is down -0.70 cents (-0.86%) and Dec gasoline (RBZ14 -1.07%) is down -0.0227 (-1.05%). Dec crude and Dec gasoline on Thursday closed lower. Closes: CLZ4 -1.15 (-1.40%), RBZ4 -0.0239 (-1.10%). Bearish factors included (1) Wednesday's action by the Fed to end QE3 along with the hawkish post-FOMC statement that boosted the dollar index to a 3-week high, and (2) carry-over bearishness from Wednesday's weekly EIA data that showed U.S. crude production rose to 8.97 million bpd, a 40-year high.

    GLOBAL EVENT CALENDAR10/31/2014

    US0830 ETSep personal spending expected +0.1%, Aug +0.5%. Sep personal income expected +0.3%, Aug +0.3%.
     0830 ETSep PCE deflator expected +0.1% m/m and +1.5% y/y, Aug unch m/m and +1.5% y/y. Sep core PCE deflator expected +0.1% m/m and +1.5% y/y, Aug +0.1% m/m and +1.5% y/y.
     0830 ETQ3 employment cost index expected +0.5%, Q2 +0.7%.
     0900 ETOct Milwaukee PMI expected -3.18 to 60.00, Sep +3.55 to 63.18.
     0945 ETOct Chicago PMI expected -0.5 to 60.0, Sep -3.8 to 60.5.
     0955 ETFinal-Oct U.S. consumer confidence (University of Michigan) expected unch at 86.4, prelim-Oct +1.8 to 86.4.
    JPN0100 ETJapan Sep housing starts expected -17.2% y/y to 848,000, Aug -12.5% y/y to 845,000.
     n/aBOJ announces interest rate decision.
    GER0300 ETGerman Sep retail sales expected -0.9% m/m and +1.2% y/y, Aug +1.5% m/m and +0.1% y/y
    EUR0600 ETEurozone Oct CPI estimate expected +0.4% y/y, Sep +0.3% y/y. Oct core CPI expected +0.8% y/y, Sep +0.8% y/y.
     0600 ETEurozone Sep unemployment rate expected unch at 11.5%.
    CHI2100 ETChina Oct manufacturing PMI (National Bureau of Statistics) expected +0.1 to 51.2, Sep unch at 51.1.

    U.S. STOCK CALENDAR10/31/2014

    Company NameTickerTimeEvent DescriptionPeriodEstimate
    Newell Rubbermaid IncNWL USBef-mktQ3 2014 Earnings ReleaseQ3 20140.551
    Pinnacle West Capital CorpPNW USBef-mktQ3 2014 Earnings ReleaseQ3 20142.134
    AbbVie IncABBV USBef-mktQ3 2014 Earnings ReleaseQ3 20140.773
    Clorox Co/TheCLX USBef-mktQ1 2015 Earnings ReleaseQ1 20151.029
    TECO Energy IncTE USBef-mktQ3 2014 Earnings ReleaseQ3 20140.326
    Dominion Resources Inc/VAD USBef-mktQ3 2014 Earnings ReleaseQ3 20140.949
    Weyerhaeuser CoWY USBef-mktQ3 2014 Earnings ReleaseQ3 20140.299
    Aon PLCAON US6:30Q3 2014 Earnings ReleaseQ3 20141.122
    Legg Mason IncLM US7:00Q2 2015 Earnings ReleaseQ2 20150.005
    Rockwell Collins IncCOL US7:30Q4 2014 Earnings ReleaseQ4 20141.268
    NextEra Energy IncNEE US7:30Q3 2014 Earnings ReleaseQ3 20141.538
    Exxon Mobil CorpXOM US8:00Q3 2014 Earnings ReleaseQ3 20141.708
    Legg Mason IncLM US8:00Q2 2015 Earnings CallQ2 2015 
    Eastman Chemical CoEMN US8:00Q3 2014 Earnings CallQ3 2014 
    Aon PLCAON US8:30Q3 2014 Earnings CallQ3 2014 
    Chevron CorpCVX US8:30Q3 2014 Earnings ReleaseQ3 20142.519
    Tesoro CorpTSO US8:30Q3 2014 Earnings CallQ3 2014 
    Newell Rubbermaid IncNWL US9:00Q3 2014 Earnings CallQ3 2014 
    AbbVie IncABBV US9:00Q3 2014 Earnings CallQ3 2014 
    Rockwell Collins IncCOL US9:00Q4 2014 Earnings CallQ4 2014 
    TECO Energy IncTE US9:00Q3 2014 Earnings CallQ3 2014 
    NextEra Energy IncNEE US9:00Q3 2014 Earnings CallQ3 2014 
    Exxon Mobil CorpXOM US9:30Q3 2014 Earnings CallQ3 2014 
    Newmont Mining CorpNEM US10:00Q3 2014 Earnings CallQ3 2014 
    Dominion Resources Inc/VAD US10:00Q3 2014 Earnings CallQ3 2014 
    Weyerhaeuser CoWY US10:00Q3 2014 Earnings CallQ3 2014 
    Crown Castle International CorpCCI US10:30Q3 2014 Earnings CallQ3 2014 
    Mohawk Industries IncMHK US11:00Q3 2014 Earnings CallQ3 2014 
    Chevron CorpCVX US11:00Q3 2014 Earnings CallQ3 2014 
    Pinnacle West Capital CorpPNW US12:00Q3 2014 Earnings CallQ3 2014 
    Public StoragePSA US13:00Q3 2014 Earnings CallQ3 2014 
    Apartment Investment & Management CoAIV US13:00Q3 2014 Earnings CallQ3 2014 
    Clorox Co/TheCLX US13:30Q1 2015 Earnings CallQ1 2015 
    Essex Property Trust IncESS US14:00Q3 2014 Earnings CallQ3 2014 
    Bristol-Myers Squibb CoBMY US14:30Investor Teleconference to Discuss CMSTO Highlights  
    Berkshire Hathaway IncBRK/A US Q3 2014 Earnings ReleaseQ3 20142592.69

    Tags: WY, C, MHK, FLR, LYV, SPF, MYL, GRPN, EXPE, WU, CCI, SBUX, LNKD, COLM, NWL, PNW, ABBV, CLX, TSO, D, AON, LM, NEE, XOM, EMN, CVX, NEM, PSA, AIV, ESS, BMY, BRK.A
    Oct 31 9:12 AM | Link | Comment!
  • Vistaprint - Chart Of The Day

    The Chart of the Day belongs to Vistaprint (NASDAQ:VPRT). I found the stock by sorting the All Time High list for the best technical buy signals then used the Flipchart feature to find a chart I liked. Since the Trend Spotter signaled a buy on 10/5 the stock gained 16.08%.

    VPRT is an online provider of coordinated portfolios of marketing products and services to small businesses globally. The company provides small businesses and consumers per year with the easiest way to make an impression at the best price. With a unique business model supported by proprietary technologies, high-volume production facilities, and direct marketing expertise, Vistaprint offers a wide variety of products for both small businesses and the home. The Company offers a range of products and services ranging from printed business cards, brochures and post cards to apparel, invitations and announcements, holiday cards, calendars, creative design services, copywriting services, direct mail services, promotional gifts, signage, Website design and hosting services, and e-mail marketing services. The Company has automated and integrated the design and production process, from design conceptualization to product shipment and service delivery.

    (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 signals
    • Above its 20, 50 and 100 day moving averages
    • 5 new highs and up 17.36% in the last month
    • Relative Strength Index 76.46%
    • Barchart computes a technical support level at 54.33
    • Recently traded at 64.07 with a 50 day moving average of 52.29


    Fundamental factors:

     

    • Market Cap $2.14 billion
    • P/E 28.38
    • Revenue expected to grow 17.60% this year and another 8.60% next year
    • Earnings estimated to increase 24.70% this year, an additional 23.40% next year and continue to compound at an annual rate of 19.25% for the next 5 years
    • Wall Street analysts presently have issued 1 buy, 6 hold and 2 under perform recommendations on the stock

    The 20-100 day MACD Oscillator has been the best technical trading strategy on this stock so I would continue to use that for an exit point

    Tags: VPRT
    Oct 30 4:37 PM | Link | Comment!
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.