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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. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
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Marketocracy Capital Management
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  • UNIVERSAL HEALTH SERVICES - BARCHART CHART OF THE DAY

    The Chart of the Day belongs to Universal Health Services (NYSE:UHS). I found the stock by sorting the New High List for the best technical buy signals then used the Flipchart feature to review the charts for consistency. Since the Trend Spotter signaled a buy on 7/16 the stock gained 16.68%.

    The principal business of UHS is owning and operating acute care hospitals, behavioral health centers, ambulatory surgery centers, radiation oncology centers and women's centers. Services provided by the Company's hospitals include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology,diagnostic care, coronary care, pediatric services and behavioral health services.

    (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
    • 11 new highs and up 16.78% in the last month
    • Relative Strength Index 78.57%
    • Barchart computes a technical support level at 111.48
    • Recently traded at 113.01 with a 50 day moving average of 100.95


    Fundamental factors:

     

    • Market Cap $11.16 billion
    • P/E 22.29
    • Dividend yield .18%
    • Revenue expected to grow 9.50% this year and another 6.60% next year
    • Earnings estimated to increase by 26.20% this year, an additional 10.60% next year and continue to increase at an annual rate of 13.28% for the next 5 years
    • Wall Street analysts issued 4 strong buy, 11 buy and 2 hold recommendations on the stock

    The right stock in the right sector. Watch the 50 day moving average for weakness and exit at the 100 day moving average

    Tags: UHS
    Aug 22 4:26 PM | Link | Comment!
  • 5 Great Mid Caps

    Today I wanted to find the 5 Mid Cap stocks that I thought had the best technical indicators and charts. I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the best technical buy signals and next used to Flipchart feature to find the chart with the most consistent price momentum.

    Today's list includes Trinity Industries (NYSE:TRN), Footlocker (NYSE:FL), Eagle Materials (NYSE:EXP), The Whitewave Foods Co (NYSE:WWAV) and Weingarten Realty Investors (NYSE:WRI):

    Trinity Industries (TRN)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 4 new highs and up 6.55% in the last month
    • Relative Strength Index 69.63%
    • Barchart computes a technical support level at 46.43
    • Recently traded at 48.06 with a 50 day moving average of 44.00


    Footlocker (FL)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 10 new highs and up 12.81% in the last month
    • Relative Strength Index 71.60%
    • Barchart computes a technical support level at 51.78
    • Recently traded at 54.21 with a 50 day moving average of 49.82


    Eagle Material (EXP)

    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 8.60% in the last month
    • Relative Strength Index 67.27%
    • Barchart computes a technical support level at 97.04
    • Recently traded at 99.20 with a 50 day moving average of 93.98


    The Whitewave Foods Co (WWAV)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 7 new highs and up 12.27% in the last month
    • Relative Strength Index 63.90%
    • Barchart computes a technical support level at 33.69
    • Recently traded at 34.44 with a 50 day moving average of 31.88


    Weingarten Realty Investors (WRI)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 5 new highs and up .56% in the last month
    • Relative Strength Index 62.66%
    • Barchart computes a technical support level at 34.28
    • Recently traded at 34.25 with a 50 day moving average of 33.25
    Tags: TRN, FL, EXP, WWAV, WRI
    Aug 22 1:32 PM | Link | 1 Comment
  • BARCHART MORNING CALL 8/22

    BARCHART MORNING CALL

    Friday, August 22nd, 2014View Older Reports

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

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

    OVERNIGHT MARKETS AND NEWS

    September E-mini S&Ps (ESU14 -0.10%) this morning are down -0.11% and European stocks are down -0.90% as investors lighten up positions ahead of speeches later today from Fed Chair Yellen and ECB President Draghi at the Fed's annual symposium in Jackson Hole, Wyoming. Stocks were also pressured on heightened tensions in Ukraine after Interfax reported that Ukraine sees a Russian aid convoy into the eastern part of its country as an invasion. The head of Ukraine's Security Council says that Russia is invading under cover of the Red Cross and that insurgents will use trucks now carrying humanitarian aid to transport weaponry. Asian stocks closed mostly higher: Japan -0.30%, Hong Kong +0.47%, China +0.47%, Taiwan +1.37%, Australia +0.12%, Singapore +0.04%, South Korea +0.66%, India +0.23%. Commodity prices are mixed. Oct crude oil (CLV14 -0.30%) is down -0.37%. Oct gasoline (RBV14 -0.02%) is down -0.08%. Dec gold (GCZ14 +0.46%) is up +0.50%. Sep copper (HGU14 +0.72%) is up +0.76% at a 1-1/2 week high on signs of tighter global supplies after weekly Shanghai copper inventories tumbled -10,297 MT to a 6-week low. Agriculture and livestock prices are higher. The dollar index (DXY00 +0.06%) is up +0.06%. EUR/USD (^EURUSD) is down -0.08%. USD/JPY (^USDJPY) is down -0.14%. Sep T-note prices (ZNU14 +0.09%) are up +4 ticks.

    Weekly data shows the ECB's balance sheet fell to 2.02 trillion euros in the week ended Aug 15 from 2.03 trillion euros the previous week, the smallest in 3 years. ECB balance sheet lending to Eurozone credit institutions fell to 501 billion euros in the week ended Aug 15 from 504.9 billion euros the prior week, the lowest since Jul 2011.

    The ECB's current account holdings fell to 211.2 billion euros on Thursday versus 221.4 billion euros on Wednesday, the lowest in 2 weeks. Excess liquidity (calculated as current account holdings plus deposit facility minus average reserve requirements) fell to 129.5 billion euros on Thursday versus 134.5 billion euros on Wednesday, the lowest since Aug 6.

    U.S. STOCK PREVIEW

    At today's Kansas City Fed conference in Jackson Hole, Fed Chair Janet Yellen at 10 AM ET will deliver a speech titled "Labor Markets." ECB President Mario Draghi will then deliver a speech at 4:30 ET. There is one Russell 1000 company that reports earnings today: Foot Locker (consensus $0.54). There are no equity conferences today.

    OVERNIGHT U.S. STOCK MOVERS

    PG&E (PCG +0.02%) was downgraded to 'Hold' from 'Buy' at Argus.

    Ann Inc. (ANN +0.54%) reported Q2 EPS of 70 cents, better than consensus of 68 cents.

    Foot Locker (FL +0.27%) reported Q2 adjusted EPS of 64 cents, well ahead of consensus of 54 cents.

    Nordson (NDSN +0.09%) reported Q3 EPS of $1.21, stronger than consensus of $1.13.

    Scansource (SCSC +2.53%) reported Q4 adjusted EPS of 60 cents, better than consensus of 59 cents.

    The Fresh Market (TFM -1.68%) rose nearly 5% in after-hours trading after it reported Q2 adjusted EPS of 36 cents, better than consensus of 35 cents.

    Marvell (MRVL +0.74%) reported Q2 EPS of 34 cents, well above consensus of 28 cents.

    Ross Stores (ROST -0.89%) climbed over 5% in pre-market trading after it reported Q2 EPS of $1.14, higher than consensus of $1.08.

    Aeropostale (ARO unch) reported a Q2 EPS ex-charges loss of -46 cents, a smaller loss than consensus of -49 cents.

    Salesforce.com (CRM +0.58%) reported Q2 adjusted EPS of 13 cents, higher than consensus of 12 cents.

    Brocade (BRCD +0.64%) reported Q3 EPS of 23 cents, better than consensus of 19 cents.

    GameStop (GME -2.03%) jumped 10% in after-hours trading after it reported Q2 EPS of 22 cents, higher than consensus of 18 cents.

    Intuit (INTU +0.63%) reported an unexpected Q4 adjusted EPS loss of -1 cent, much weaker than consensus of a 7 cent profit, and then lowered guidance on fiscal 2015 EPS to $2.45-$2.50, well below consensus of $3.97.

    The Gap (GPS +0.16%) reported Q2 EPS of 75 cents, stronger than consensus of 69 cents, and then raised guidance on fiscal 2014 EPS view to $2.95-$3.00, above consensus of $2.95.

    MARKET COMMENTS

    Sep E-mini S&Ps (ESU14 -0.10%) this morning are down -2.25 points (-0.11%). The S&P 500 index on Thursday posted a record high and closed higher: S&P 500 +0.29%, Dow Jones +0.36%, Nasdaq +0.16%. Bullish factors for stocks included (1) the -14,000 fall in weekly jobless claims, more than expectations of -8,000, (2) the unexpected +2.4% increase in Jul existing home sales to a 10-month high of 5.15 million, better than expectations of -0.5% to 5.02 million, and (3) the +4.1 increase in the Aug Philadelphia Fed manufacturing index to a 3-1/3 year high of 28.0, stronger than expectations of a -4.2 decline to 19.7.

    Sep 10-year T-notes (ZNU14 +0.09%) this morning are up +4 ticks. Sep 10-year T-note futures prices on Thursday fell to a 1-week low, but recovered and closed higher. Bearish factors for T-notes included (1) stronger than expected U.S. economic data on weekly jobless claims, Jul existing home sales and Aug Philadelphia Fed manufacturing activity, and (2) reduced safe-haven demand after the S&P 500 rose to a record high. T-notes recovered and closed higher on short-covering ahead of an expected dovish speech by Fed Chair Yellen on Friday. Closes: TYU4 +3.0, FVU4 +1.0.

    The dollar index (DXY00 +0.06%) this morning isup +0.049 (+0.06%). EUR/USD (^EURUSD) is down -0.0011 (-0.08%) and USD/JPY (^USDJPY) is down -0.15 (-0.14%). The dollar index on Thursday posted an 11-1/2 month high, but gave up its advance and closed lower. Negative factors included (1) reduced safe-haven demand for the dollar after the S&P 500 rallied to a new record high, and (2) long liquidation and profit-taking ahead of Fed Chair Yellen's speech Friday at the Fed's annual symposium in Jackson Hole, Wyoming. Closes: Dollar index -0.072 (-0.09%), EUR/USD +0.00216 (+0.16%), USD/JPY +0.088 (+0.08%).

    Oct WTI crude oil (CLV14 -0.30%) this morning is down -35 cents (-0.37%) and Oct gasoline (RBV14 -0.02%) is down -0.0022 (-0.08%). Oct crude and gasoline prices on Thursday shook off early losses and closed higher: CLV4 +0.51 (+0.55%), RBV4 +0.0291 (+1.13%). Oct crude rebounded from a 7-1/4 month low on bullish factors that included (1) weakness in the dollar, and (2) U.S. economic strength after Jul existing home sales unexpectedly rose to a 10-month high and the Aug Philadelphia Fed manufacturing index unexpectedly rose to a 3-1/3 year high.

    GLOBAL EVENT CALENDAR08/22/2014

    US1000 ETFed Chair Janet Yellen delivers a speech titled Labor Markets at the Kansas City Feds annual symposium in Jackson Hole, Wyoming.
     1430 ETECB President Mario Draghi speaks at the Kansas City Feds annual symposium in Jackson Hole, Wyoming.
     1500 ETUSDA Jul Cold Storage.
     1500 ETUSDA Jul Cattle on Feed.

    U.S. STOCK CALENDAR08/22/2014

    Company NameTickerTimeEvent DescriptionPeriodEstimate
    Sears Holdings CorpSHLD US6:00Q2 2015 Earnings ReleaseQ2 2015-2.58
    Sears Holdings CorpSHLD US6:10Q2 2015 Earnings CallQ2 2015 
    Hormel Foods CorpHRL US6:30Q3 2014 Earnings ReleaseQ3 20140.483
    Patterson Cos IncPDCO US7:00Q1 2015 Earnings ReleaseQ1 20150.496
    Dollar Tree IncDLTR US7:30Q2 2015 Earnings ReleaseQ2 20150.636
    Toro Co/TheTTC US8:30Q3 2014 Earnings ReleaseQ3 20140.828
    Monsanto CoMON US8:30Whistle Stop Tour - Day 2Y 2014 
    Hormel Foods CorpHRL US9:00Q3 2014 Earnings CallQ3 2014 
    L Brands IncLB US9:00Q2 2015 Earnings CallC2 2015 
    L Brands IncLB US9:00Q2 2015 Earnings CallQ2 2015 
    Dollar Tree IncDLTR US9:00Q2 2015 Earnings CallC2 2015 
    Dollar Tree IncDLTR US9:00Q2 2015 Earnings CallQ2 2015 
    Principal Financial Group IncPFG US9:00Roadshow - Mid-AtlanticY 2014 
    Patterson Cos IncPDCO US10:00Q1 2015 Earnings CallQ1 2015 
    Alere IncALR US10:00Annual General MeetingY 2014 
    Toro Co/TheTTC US11:00Q3 2014 Earnings CallQ3 2014 
    Medtronic IncMDT US11:30Annual General MeetingY 2014 
    Gap Inc/TheGPS US16:00Q2 2015 Earnings ReleaseQ2 20150.688
    Intuit IncINTU US16:00Q4 2014 Earnings ReleaseQ4 20140.072
    Ross Stores IncROST US16:01Q2 2015 Earnings ReleaseQ2 20151.082
    GameStop CorpGME US16:01Q2 2015 Earnings ReleaseQ2 20150.183
    MICROS Systems IncMCRS US16:02Q4 2014 Earnings ReleaseQ4 20140.717
    salesforce.com incCRM US16:05Q2 2015 Earnings ReleaseQ2 20150.119
    Marvell Technology Group LtdMRVL US16:05Q2 2015 Earnings ReleaseQ2 20150.281
    Ross Stores IncROST US16:15Q2 2015 Earnings CallQ2 2015 
    Brocade Communications Systems IncBRCD US16:18Q3 2014 Earnings ReleaseQ3 20140.191
    Nordson CorpNDSN US16:30Q3 2014 Earnings ReleaseQ3 20141.132
    Intuit IncINTU US16:30Q4 2014 Earnings CallQ4 2014 
    Marvell Technology Group LtdMRVL US16:45Q2 2015 Earnings CallQ2 2015 
    Gap Inc/TheGPS US17:00Q2 2015 Earnings CallQ2 2015 
    salesforce.com incCRM US17:00Q2 2015 Earnings CallQ2 2015 
    GameStop CorpGME US17:00Q2 2015 Earnings CallQ2 2015 
    Brocade Communications Systems IncBRCD US17:30Q3 2014 Earnings CallQ3 2014 
    Humana IncHUM US Investor Meeting

    Tags: PCG, ANN, FL, NDSN, SCSC, TFM, MRVL, ROST, ARO, CRM, BRCD, GME, INTU, GPS, SHLD, HRL, PDCO, DLTR, TTC, MON, LB, ALR, MDT, HUM
    Aug 22 12:43 PM | Link | Comment!
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