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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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Marketocracy Capital Management
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  • National Beverage Bucks The Trend

    The Chart of the Day belongs to National Beverage (NASDAQ:FIZZ). I found the soft drink stock by using Barchart to sort the Russell 3000 Index stocks first for technical buy signals of 80% or better then for very positive Weighted Alphas. Next I use the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 6/16 the stock gained 16.47%.

    National Beverage Corp. is a holding company for various subsidiaries that develop, manufacture, market and distribute a complete portfolio of quality beverage products throughout the United States. Their brands emphasize distinctive flavor variety, including their flagship brands, Shasta(NYSE:R) and Faygo(R), complete lines of multi-flavored and cola soft drinks.

    (click to enlarge)

    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% Barchart technical buy signals
    • 38.20+ Weighted Alpha
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 7 new highs and up 9.51% in the last month
    • Relative Strength Index 62.66%
    • Barchart computes a technical support level at 25.35%
    • Recently traded at 26.03 with a 50 day moving average of 24.14


    Fundamental factors:

     

    • Market Cap $1.21 billion
    • P/E 24.60
    • No analysts are presently following this stock
    • The individual investors on Motley Fool vote 122 to 19 that the stock will beat the market

    None one of the regular technical trading strategies have been effective on this stock so I would use a trailing stop loss 10-15% below is most recent high to protect gains.

    Tags: FIZZ
    Sep 01 6:55 PM | Link | Comment!
  • No Best Of The NASDAQ 100 Today

    Normally I would be posting the 5 NASDAQ 100 Index stocks that had my highest screening scores but today none of those stocks passed the hurdle.

    Tune in again tomorrow.

    Tags: QQQ
    Sep 01 12:28 PM | Link | Comment!
  • BARCHART MORNING CALL 9/1

    BARCHART MORNING CALL

    Tuesday, September 1st, 2015View 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 (ESU15 -1.96%) are down sharply by -2.13% and European stocks are down -2.02% on concern the slowdown in China is deepening. Global stock and commodity markets all fell after a gauge of Chinese manufacturing activity last month contracted at the fastest pace in 3 years. European stocks also fell after the Eurozone Aug Markit manufacturing PMI was revised lower, but stock prices recovered from their worst levels after the Eurozone Jul unemployment rate unexpectedly fell to the lowest in 3-1/2 years. Asian stocks closed lower: Japan -3.84%, Hong Kong -2.24%, China -1.23%, Taiwan -1.92%, Australia -2.12%, Singapore -1.32%, South Korea -1.40%, India -2.23%. Emerging market stocks and currencies all declined after the slowdown in Chinese manufacturing activity intensified, although large-capitalization stocks in China's Shanghai Composite rebounded from their lows in late trading on signs of government intervention. Over each of the past four session, government-backed-funds have been seen buying stocks in the last hour of trading as China tries to stabilize the market before a WWII victory parade on Thursday. China's financial markets will be closed on Thursday and Friday to commemorate the event.

    The dollar index (DXY00 -0.27%) is down -0.32%. EUR/USD (^EURUSD) is up +0.48%. USD/JPY (^USDJPY) is down -0.93% as the slide in global stocks boosts the safe-haven demand for the yen.

    Dec T-note prices (ZNZ15 +0.25%) are up +10.5 ticks on a flight to safety.

    The China Aug manufacturing PMI fell -0.3 to 49.7 as expected, but still was the steepest pace of contraction in 3 years.

    The Eurozone Aug Markit manufacturing PMI was revised lower to 52.3 from the originally reported 52.4.

    The Eurozone Jul unemployment rate unexpectedly fell -0.2 to 10.9%, better than expectations of unch at 11.1% and the lowest in 3-1/2 years.

    U.S. STOCK PREVIEW

    Key U.S. news today includes: (1) July construction spending (expected +0.6% m/m, Jun +0.1% m/m), (2) Aug ISM manufacturing index (expected -0.2 to 52.5, Jul -0.8 to 52.7), (3) final-Aug Markit manufacturing PMI (expected unrevised at 52.9, prelim-Aug -0.9 to 52.9), (4) Aug total vehicle sales (expected 17.30 million, Jul 17.46 million).

    There are 3 of the Russell 1000 companies that report earnings today: Donaldson (consensus $0.42), Dollar Tree (0.62), H&R Block (-0.40).

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

    Equity conferences this week include: European Society of Cardiology Meeting on Mon-Wed, Longbow Research Industrial Manufacturing & Technology Investor Conference on Tue, Simmons Gleneagles Energy Conference on Tue-Wed, KeyBanc Capital Markets Basic Materials and Packaging Conference on Wed, Global Hunter Securities Industrials Conference on Thu.

    OVERNIGHT U.S. STOCK MOVERS

    Freeport McMoRan (FCX +1.33%) was downgraded to 'Neutral' from 'Buy' at Citi.

    Donaldson (DCI -0.82%) reported Q4 adjusted EPS of 45 cents, better than consensus of 42 cents.

    Constellation Brands (STZ +0.05%) was upgraded to 'Outperform' from 'Underperform' at CLSA.

    McCormick (MKC -0.80%) was initiated with a 'Buy' at BB&T with a price target of $99.

    BB&T upgraded Cal-Maine Foods (CALM +5.71%) to 'Buy' with a $62 price target.

    American Airlines (AAL +0.93%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank.

    Endo (ENDP -2.16%) was downgraded to 'Equal Weight' from 'Overweight' at Morgan Stanley.

    Scientific Games (SGMS -5.16%) was upgraded to 'Hold' from 'Sell' at Deutsche Bank.

    VMware (VMW +2.06%) was upgraded to 'Outperform' from 'Neutral' at Baird.

    Barron's says in its 'Barron's Take' column Berkshire Hathaway's stake in Phillips 66 (PSX +2.38%) drove shares higher and the stock could continue to rise.

    Glenhill Advisors reported a 5.3% stake in Allscripts (MDRX -0.22%) .

    Adage Capital reported a 5.56% stake in Olin Corp (OLN +0.86%) .

    Samuel Zell reported a 5.6% stake in Anixter (AXE +2.50%) .

    SunEdison (SUNE +0.97%) rose over 4% in after-hours trading after Point72 reported a 5.1% passive stake in the company.

    Trevena (TRVN -0.66%) surged over 30% in after-hours trading after the Phase 2b study of its TRV130 drug achieved its primary endpoint.

    MARKET COMMENTS

    Sep E-mini S&Ps (ESU15 -1.96%) this morning are down sharply by -42.00 points (-2.13%). Monday's closes: S&P 500 -0.84%, Dow Jones -0.69%, Nasdaq -1.26%. The S&P 500 on Monday closed lower on the -0.82% slide in the China Shanghai Composite and on the -0.3 point decline in the Aug Chicago PMI to 54.4, weaker than expectations of -0.2 to 54.5. Energy producer stocks strengthened as oil prices rallied sharply for the third session to post a new 1-month high.

    Dec 10-year T-notes (ZNZ15 +0.25%) this morning are up +10.5 ticks. Monday's closes: TYZ5 -4.50, FVZ5 -4.00. Dec 10-year T-note prices on Monday posted a 1-week low and closed lower on the slide in German bund prices to a 6-week low (after the Eurozone Aug core CPI rose +1.0% y/y, stronger than expectations of +0.9% y/y) and on hawkish weekend comments from Fed Vice Chair Fischer suggesting that he favors raising interest rates sooner rather than later when he said that that there's "good reason" to believe that inflation is poised to move higher. T-notes found underlying support on the weaker-than-expected Aug Chicago PMI and Aug Dallas Fed manufacturing activity report and on safe-haven demand with the sell-off in stocks.

    The dollar index (DXY00 -0.27%) this morning is down -0.307 (-0.32%). EUR/USD (^EURUSD) is up +0.0054 (+0.48%). USD/JPY (^USDJPY) is down -1.13 (-0.93%). Monday's closes: Dollar Index -0.282 (-0.29%), EUR/USD +0.00283 (+0.25%), USD/JPY -0.496 (-0.41%). The dollar index on Monday closed lower on (1) the larger-than-expected declines in the Aug Chicago PMI index and the Aug Dallas Fed manufacturing activity index, and (2) strength in EUR/USD after the Eurozone Aug CPI was stronger than expected and dampened speculation of additional ECB stimulus. The dollar found underyling support on the comments from Fed Vice Chair Fischer who left open the door for a Fed rate hike in Sep when he said that there's "good reason" to believe that inflation is poised to move higher.

    Oct crude oil (CLV15 -1.91%) this morning is down -$1.10 a barrel (-2.24%) and Oct gasoline (RBV15 -2.94%) is down -0.0457 (-3.05%). Monday's closes: CLV5 +3.98 (+8.80%), RBV5 +0.0699 (+5.00%). Oct crude oil and gasoline on Monday closed sharply higher with Oct crude at a 1-month high and Oct gasoline at a 2-week high. Bullish factors included (1) the weaker dollar, (2) the IEA's downward revision in its U.S. crude production estimate for the first half of 2015 to 9.4 million bpd from a previous estimate of 9.53 million bpd, and (3) OPEC's comment in its monthly magazine that it is ready to talk to other crude producers outside of OPEC in order to achieve "fair prices."

    GLOBAL EVENT CALENDAR09/01/2015

    US0945 ETFinal-Aug Markit manufacturing PMI expected unrevised at 52.9, prelim-Aug -0.9 to 52.9.
     1000 ETJul construction spending expected +0.6% m/m, Jun +0.1% m/m.
     1000 ETAug ISM manufacturing index expected -0.2 to 52.5, Jul -0.8 to 52.7. Aug ISM new orders, Jul +0.5 to 56.5. Aug ISM employment, Jul -2.8 to 52.7. Aug ISM prices paid expected -5.0 to 39.0, Jul -5.5 to 44.0.
     n/aAug total vehicle sales expected 17.30 million, Jul 17.46 million. Aug domestic vehicle sales expected 13.70 million, Jul 13.92 million.
    JPN0100 ETJapan Aug vehicle sales, Jul -1.3% y/y.
    GER0355 ETGerman Aug unemployment change expected -4,000, Jul +9,000. Aug unemployment rate expected unch at 6.4%.
     0355 ETRevised German Aug Markit/BME manufacturing PMI, previous +1.4 to 53.2.
    EUR0400 ETRevised Eurozone Aug Market manufacturing PMI, previous unch at 52.4.
     0500 ETEurozone Jul unemployment rate expected unch at 11.1%.
    UK0430 ETUK Jul net consumer credit expected +1.2 billion pounds, Jun +1.2 billion pounds.
     0430 ETUK Jul mortgage approvals expected 68,100, Jun 66,600.
     0430 ETUK Jul M4 money supply, Jun -0.5% m/m and -0.3% y/y.
     0430 ETUK Aug Markit manufacturing PMI expected +0.1 to 52.0, Jul 51.9.

    U.S. STOCK CALENDAR09/01/2015

    CompanyTickerTimeEvent DescriptionPeriodEstimate
    Donaldson Co IncDCI USBef-mktQ4 2015 Earnings ReleaseQ4 20150.418
    Dollar Tree IncDLTR USBef-mktQ2 2016 Earnings ReleaseQ2 20160.62
    Keysight Technologies IncKEYS US8:30Analyst and Investor DayY 2015 
    Dollar Tree IncDLTR US9:00Q2 2016 Earnings CallQ2 2016 
    Ford Motor CoF US9:15August 2015 Sales and Revenue Release2015 
    Donaldson Co IncDCI US10:00Q4 2015 Earnings CallQ4 2015 
    Ford Motor CoF US10:00August 2015 Sales and Revenue Call2015 
    H&R Block IncHRB US16:30Q1 2016 Earnings CallQ1 2016 
    H&R Block IncHRB USAft-mktQ1 2016 Earnings ReleaseQ1 2016-0.397

    Tags: FCX, DCI, STZ, MKC, CALM, AAL, ENDP, SGMS, VMW, PSX, MDRX, OLN, AXE, SUNE, TRVN, DLTR, KEYS, F, HRB
    Sep 01 12:21 PM | Link | Comment!
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  • $FIZZ - 96% Barchart technical buy signals - 7 new highs and up 9.51% in the last month - Relative Strength Index 62.66%
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