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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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  • Ellie Mae - New All Time High

    The Chart of the Day belongs to Ellie Mae (NYSE:ELLI). I found the stock by sorting the All Time High list for the stocks with the best technical buy signals then use the Flipchart feature to review the charts.

    Ellie Mae, Inc. operates electronic mortgage origination networks in the United States. The Company's network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity.

    (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:

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 7 new highs and up 19.25% in the last month
    • Relative Strength Index 72.13%
    • Barchart computes a technical support level at 53.09
    • Recently traded at 66.24 with a 50 day moving average of 55.29


    Fundamental factors:

     

    • Market Cap $1.90 billion
    • P/E 91.51
    • Revenue expected to grow 27.80% this year and another 23.50% next year
    • Earnings estimated to increase 41.90% next year and continue to compound at an annual rate of 16.63% for the next 5 years
    • Wall Street analysts issued 1 strong buy, 5 buy and 3 hold recommendations on the stock


    The 50 - 100 Day MACD Oscillator has been a reliable technical trading strategy on this stock and should continue to be used for entry and exit points

    Tags: ELLI
    May 01 4:03 PM | Link | Comment!
  • The 5 Best Growth Stocks

    Today I wanted to find the very best growth stocks. I began with a list of growth stocks from Value Line that have had an average of 10% annual growth in Revenue, Earnings and Cash Flow over the past 10 years that are expected to compound at that same annual rate over the next 5 years. I then used Barchart to sort them for which stocks had the most up days in the last month.

    The list includes Juniper Networks (NYSE:JNPR), Cabot Oil & Gas (NYSE:COG), Cameron International (NYSE:CAM), Taser International (NASDAQ:TASR) and Core Laboratories (NYSE:CLB):

    Juniper Networks

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 13 new highs and up 19.33% in the last month
    • Relative Strength Index 72.57%
    • Barchart computes a technical support level at 26.05
    • Recently traded at 26.80 with a 50 day moving average of 23.94


    Cabot Oil & Gas

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 11.93% in the last month
    • Relative Strength Index 69.98%
    • Barchart computes a technical support level at 32.45
    • Recently traded at 33.59 with a 50 day moving average of 30.13


    Cameron International

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 19.06% in the last month
    • Relative Strength Index 66.29%
    • Barchart computes a technical support level at 52.99%
    • Recently traded at 54.13 with a 50 day moving average of 47.49


    Taser International

    Barchart technical indicators:

     

    • 88% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 33.97% in the last month
    • Relative Strength Index 72.44%
    • Barchart computes a technical support level at 28.28%
    • Recently traded at 32.72 with a 50 day moving average of 25.68


    Core Laboratories

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 11 new highs and up 23.04% in the last month
    • Relative Strength Index 69.91%
    • Barchart computes a technical support level at 124.30
    • Recently traded at 130.25 with a 50 day moving average of 112.17
    Tags: JNPR, COG, CAM, TASR, CLB
    May 01 11:39 AM | Link | Comment!
  • BARCHART MORNING CALL /

    BARCHART MORNING CALL

    Friday, May 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

    June E-mini S&Ps (ESM15 +0.41%) this morning are up +0.30% and UK stocks are up +0.18% after the China Apr manufacturing PMI came in stronger-than-expected. Gains in UK stocks were limited after the UK Apr Markit manufacturing PMI unexpected declined to its slowest pace of growth in 7 months. Most European markets are closed today for Labour Day. Monsanto is up 3.5% in pre-market trading after people familiar with the matter said it approached Syngenta AG about a takeover and Gilead Sciences is up 2.6% after it reported stronger-than-expected Q1 profit. The 10-year Greek 10-year bond fell to a 1-1/2 month low of 10.2% amid optimism a deal over bailout aid will be reached. Asian stocks that were open closed higher: Japan +0.06% and Australia +0.42%. All other Asian markets were closed for the May Day holiday.

    Commodity prices are mixed. Jun crude oil (CLM15 -0.20%) is down -0.23%. Jun gasoline (RBM15 -0.72%) is down -0.80%%. Metals prices are mixed. Jun gold (GCM15 -0.25%) is down -0.20%. Jul copper (HGN15 +0.54%) is up +0.47% at a 1-1/4 month high after China's manufacturing activity last month expanded more than forecast. Agriculture prices are mixed.

    The dollar index (DXY00 +0.05%) is up +0.08%. EUR/USD (^EURUSD) is up +0.39% at a fresh 2-month high as Greek default concerns recede after the Greek 10-year bond yield fell to a 1-1/2 month low. USD/JPY (^USDJPY) is up +0.36%.

    Jun T-note prices (ZNM15 -0.23%) are down -7 ticks.

    People with knowledge of the matter said that Greek Prime Minister Tsipras told his cabinet late Thursday that he's confident a deal to unlock bailout funds is close as the Greek government steps up talks with its creditors in a bid to reach a preliminary deal by this Sunday, May 3.

    The China Apr manufacturing PMI was unchanged at 50.1, stronger than expectations of -0.1 to 50.0.

    U.S. STOCK PREVIEW

    Key U.S. reports today include: (1) the Apr ISM manufacturing index (expected +0.5 to 52.0 after March's -1.4 point decline to 51.5), (2) the final-April Markit U.S. manufacturing PMI (expected unrevised at 54.2 after the preliminary-April report of -1.5 to 54.2), (3) the final-Apr U.S. consumer sentiment index from the University of Michigan (expected +0.1 to 96.0 after the early-April report of +2.9 to 95.9), (4) March construction spending (expected +0.5% m/m after Feb's -0.1% m/m), (5) Apr total vehicle sales (expected 16.90 million versus March's 17.05 million), and (6) a speech by San Francisco Fed President John Williams at a Chapman University conference on financial markets and monetary policy.

    There are 15 of the S&P 500 companies that report earnings today with notable reports including: Berkshire Hathaway (consensus $2373), Chevron (0.79), Duke Energy (1.14), Weyerhaeuser (0.25), CVS (1.08), Aon (1.28).

    U.S. IPO's scheduled to price today include: MYOB Group (MYO), OpGen (Pending:OPGN), Good Times Restaurants (NASDAQ:GTIM). IPOs that are scheduled to trade today include: Black Stone Minerals (Pending:BSM).

    Equity conferences during the remainder of this week include: none.

    OVERNIGHT U.S. STOCK MOVERS

    AON Plc (AON -1.69%) reported Q1 EPS of $1.37, better than consensus of $1.28.

    Leggett & Platt (LEG -1.76%) reported Q1 EPS of 50 cents, above consensus of 46 cents.

    Enbridge Energy (EEP -2.21%) reported Q1 EPS of 26 cents, higher than consensus of 22 cents.

    YRC Worldwide (YRCW -2.07%) reported a Q1 EPS loss of -70 cents, a bigger loss than consensus of -49 cents.

    Baidu (BIDU -8.55%) was downgraded to 'Hold' from 'Buy' at Jefferies.

    Fluor (FLR -1.36%) reported Q1 EPS of 96 cents, below consensus of 98 cents.

    Bloomberg reported that Monsanto (MON -0.90%) approached Syngenta (SYT -3.36%) regarding a takeover.

    AIG (AIG -0.64%) reported Q1 EPS of $1.22, higher than consensus of $1.19.

    Reuters reports that Intel talked about offering $58 per share for Altera (ALTR +2.36%) .

    Expedia (EXPE -2.11%) climbed over 6% in after-hours trading after it unexpectedly reported a Q1 adjusted EPS loss of -3 cents, below consensus of a 9 cent profit, although Q1 revenue of $1.37 billion was above consensus of $1.35 billion.

    Fortune Brands (FBHS -2.73%) reported Q1 EPS ex-items of 28 cents, weaker than consensus of 32 cents.

    Visa (V -1.92%) reported Q2 EPS of 63 cents, above consensus of 62 cents.

    Western Union (WU -0.54%) reported Q1 EPS of 39 cents, better than consensus of 38 cents.

    Century Aluminum (CENX -1.60%) reported Q1 EPS of 76 cents, higher than consensus of 63 cents.

    LinkedIn (LNKD -1.95%) plunged over 20% in after-hours trading after it reported Q1 EPS of 57 cents, better than consensus of 56 cents, but then lowered guidance on fiscal 2015 EPS to $1.90, well below consensus of $3.03.

    Columbia Sportswear (COLM -1.55%) reported Q1 EPS of 37 cents, above consensus of 36 cents.

    Gilead (GILD -1.77%) is up over 2% in pre-market trading after it reported Q1 adjusted EPS of $2.94, well above consensus of $2.32.

    MARKET COMMENTS

    June E-mini S&Ps (ESM15 +0.41%) this morning are up +6.25 points (+0.30%). Thursday's closes: S&P 500 -1.01%, Dow Jones -1.08%, Nasdaq -1.65%. The S&P 500 index on Thursday slid to a 1-1/2 week low and closed sharply lower on (1) tech stock weakness after Apple fell more than 2% on news of a defect in its watches, and (2) the weaker-than-expected U.S. Mar personal income and spending report of unchanged m/m and +0.4%, respectively. There was also concern that the Fed might raise rates sooner than earlier thought after initial weekly unemployment claims fell-34,000 to a 15-year low of 262,000.

    Jun 10-year T-notes (ZNM15 -0.23%) this morning are down -7 ticks. Thursday's closes: TYM5 -4.50, FVM5 -3.25. Jun 10-year T-notes on Thursday fell to a 1-1/2 month low and closed mildly lower on the sharp -34,000 decline in initial unemployment claims to a new 15-year low. There was also negative carry-over from the decline in German bund prices to a 1-1/2 month low.

    The dollar index (DXY00 +0.05%) this morning is up +0.071 (+0.08%). EUR/USD (^EURUSD) is up +0.0044 (+0.39%) at a 2-moth high. USD/JPY (^USDJPY) is up +0.43 (+0.39%). Dollar Index -0.609 (-0.64%), EUR/USD +0.00955 (+0.86%), USD/JPY +0.355 (+0.30%). The dollar index on Thursday fell to a 2-month low and closed with a fairly sharp loss as concern continues about the weak U.S. economic data and a delayed Fed tightening. Meanwhile, there was strength in EUR/USD on signs that Eurozone deflation risks are easing a bit after the Eurozone Apr CPI was unch y/y and ended four straight months of declines.

    Jun WTI crude oil (CLM15 -0.20%) this morning is down -14 cents (-0.23%) and Jun gasoline (RBM15 -0.72%) is down -0.0163 (-0.80%). Thursday's closes: CLM5 +1.05 (+1.79%), RBM5 +0.0355 (+1.76%). Jun crude oil on Thursday posted a new 4-1/2 month high on carry-over support from Wednesday's news that Cushing oil inventories fell by -514,000 bbls, the first decline in 21 weeks.

    GLOBAL EVENT CALENDAR05/01/2015

    US0945 ETFinal-Apr Markit manufacturing PMI expected no change at 54.2, prelim-Apr -1.5 to 54.2.
     1000 ETMar construction spending expected +0.5% m/m, Feb -0.1% m/m.
     1000 ETApr ISM manufacturing index expected +0.5 to 52.0, Mar 51.5. Apr ISM new orders, Mar 51.8. Apr ISM employment, Mar 50.0. Apr ISM prices paid expected +3.0 to 42.0, Mar 39.0.
     1000 ETFinal-Apr U.S. consumer sentiment index (University of Michigan) expected +0.1 to 96.0, previous +2.9 to 95.9.
     1545 ETSan Francisco Fed President John Williams speaks at a Chapman University conference on financial markets and monetary policy.
     n/aApr total vehicle sales expected 16.90 million, Mar 17.05 million. Apr domestic vehicle sales expected 13.40 million, Mar 13.35 million.
    JPN0100 ETJapan Apr vehicle sales, Mar -13.1% y/y.
    UK0430 ETUK Mar net consumer credit expected +0.8 billion pounds, Feb +0.7 billion pounds.
     0430 ETUK Mar mortgage approvals expected 62,500, Feb 61,800.
     0430 ETUK Mar M4 money supply, Feb -0.2% m/m and -3.2% y/y.
     0430 ETUK Apr Markit manufacturing PMI expected +0.2 to 54.6, Mar 54.4.
    GERn/aGerman markets closed for Labor Day.
    EURn/aEurozone markets closed for Labor Day.

    U.S. STOCK CALENDAR05/01/2015

    CompanyTickerTimeEvent DescriptionPeriodEstimate
    Aon PLCAON USBef-mktQ1 2015 Earnings ReleaseQ1 20151.284
    CVS Health CorpCVS USBef-mktQ1 2015 Earnings ReleaseQ1 20151.078
    Newell Rubbermaid IncNWL USBef-mktQ1 2015 Earnings ReleaseQ1 20150.341
    Pinnacle West Capital CorpPNW USBef-mktQ1 2015 Earnings ReleaseQ1 20150.18
    Weyerhaeuser CoWY USBef-mktQ1 2015 Earnings ReleaseQ1 20150.249
    FirstEnergy CorpFE USBef-mktQ1 2015 Earnings ReleaseQ1 20150.52
    Moody's CorpMCO USBef-mktQ1 2015 Earnings ReleaseQ1 20151.027
    Duke Energy CorpDUK US7:00Q1 2015 Earnings ReleaseQ1 20151.138
    Legg Mason IncLM US7:00Q4 2015 Earnings ReleaseQ4 20150.677
    VF CorpVFC US7:00Q1 2015 Earnings ReleaseQ1 20150.672
    Public Service Enterprise Group IncPEG US7:30Q1 2015 Earnings ReleaseQ1 20150.952
    American International Group IncAIG US8:00Q1 2015 Earnings CallQ1 2015 
    Boston Scientific CorpBSX US8:00Investor DayY 2015 
    Legg Mason IncLM US8:00Q4 2015 Earnings CallQ4 2015 
    Eastman Chemical CoEMN US8:00Q1 2015 Earnings CallQ1 2015 
    Aon PLCAON US8:30Q1 2015 Earnings CallQ1 2015 
    Chevron CorpCVX US8:30Q1 2015 Earnings ReleaseQ1 20150.793
    Clorox Co/TheCLX US8:30Q3 2015 Earnings ReleaseQ3 20151.094
    CVS Health CorpCVS US8:30Q1 2015 Earnings CallQ1 2015 
    Newell Rubbermaid IncNWL US8:30Q1 2015 Earnings CallQ1 2015 
    VF CorpVFC US8:30Q1 2015 Earnings CallQ1 2015 
    Leggett & Platt IncLEG US9:00Q1 2015 Earnings CallQ1 2015 
    Yum! Brands IncYUM US9:00Annual General MeetingY 2015 
    FirstEnergy CorpFE US9:00Q1 2015 Earnings CallQ1 2015 
    Ford Motor CoF US9:15April 2015 Sales and Revenue Release2015 
    Alcoa IncAA US9:30Annual General MeetingY 2015 
    Equifax IncEFX US9:30Annual General Meeting  
    Duke Energy CorpDUK US10:00Q1 2015 Earnings CallQ1 2015 
    Ford Motor CoF US10:00April 2015 Sales and Revenue Call2015 
    Ryder System IncR US10:00Annual General Meeting  
    Weyerhaeuser CoWY US10:00Q1 2015 Earnings CallQ1 2015 
    Zoetis IncZTS US10:00Annual General Meeting  
    Chevron CorpCVX US11:00Q1 2015 Earnings CallQ1 2015 
    Public Service Enterprise Group IncPEG US11:00Q1 2015 Earnings CallQ1 2015 
    Flowserve CorpFLS US11:00Q1 2015 Earnings CallQ1 2015 
    eBay IncEBAY US11:00Annual General MeetingY 2015 
    Occidental Petroleum CorpOXY US11:30Annual General Meeting  
    Moody's CorpMCO US11:30Q1 2015 Earnings CallQ1 2015 
    Pinnacle West Capital CorpPNW US12:00Q1 2015 Earnings CallQ1 2015 
    Public StoragePSA US12:00Q1 2015 Earnings CallQ1 2015 
    Apartment Investment & Management CoAIV US13:00Q1 2015 Earnings CallQ1 2015 
    Clorox Co/TheCLX US13:30Q3 2015 Earnings CallQ3 2015 
    Berkshire Hathaway IncBRK/A US Q1 2015 Earnings ReleaseQ1 20152372.75
    Walt Disney Co/TheDIS US U.S. Box Office Release of Movie Avengers: Age of Ultron""  
    Integrys Energy Group IncTEG US Q1 2015 Earnings ReleaseQ1 20151.82
    Allegheny Technologies IncATI US Annual General Meeting

    Tags: AON, LEG, EEP, YRCW, BIDU, FLR, MON, AIG, ALTR, EXPE, FBHS, V, WU, CENX, LNKD, COLM, GILD, CVS, NWL, PNW, WY, FE, MCO, DUK, LM, VFC, PEG, BSX, EMN, CLX, YUM, F, AA, EFX, R, ZTS, EBAY, OXY, PSA, BRK.A, DIS, TEG, ATI
    May 01 11:04 AM | Link | Comment!
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