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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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  • Vascular Solutions - Chart Of The Day

    The Chart of the Day is Vascular Solutions (NASDAQ:VASC). I found the stock by sorting the All Time High list for the stock with the best technical buy signals and then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 9/26 the stock gained 15.92%,

    Vascular Solutions Inc. manufactures, markets and sells the Vascular Solutions Duett sealing device, which enables cardiologists and radiologists to rapidly seal the puncture site following catheterization procedures such as angiography, angioplasty and stenting. Its product combines a simple balloon catheter delivery mechanism with a powerful, proprietary procoagulant. The company believes its product offers advantages over both manual compression and the three other FDA-approved devices used to seal the puncture site following the catheterization

    (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
    • 12 new highs and up 15.92% in the last month
    • Relative Strength Index 81.25%
    • Barchart computes a technical support level at 27.57
    • Recently traded at 28.40 with a 50 day moving average of 24.90


    Fundamental factors:

     

    • Market Cap $486.49
    • P/E 34.36
    • Revenue expected to grow 13.50% this year and another 10.80% next year
    • Earnings estimated to increase by 4.10% this year an additional 19.50% next year and continue to increase at an annual rate of 20.00% for the next 5 years
    • Wall Street analysts issued 1 strong buy and 2 buy recommendations on the stock

    The 50 - 100 Day MACD Oscillator has been a reliable technical trading strategy so I'd continue to use that for an exit point.

    Tags: VASC
    Oct 28 7:09 PM | Link | Comment!
  • BARCHART MORNING CALL 10/28
    BARCHART MORNNG CALL

    Tuesday, October 28th, 2014View Older Reports

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    OVERNIGHT MARKETS AND NEWS

    December E-mini S&Ps (ESZ14 +0.54%) this morning are up +0.51% and European stocks are up +0.95% ahead of the start of the 2-day FOMC meeting where the Fed is expected to announce an end to its QE3 bond purchase program. Sweden's Riksbank unexpectedly cut its main interest rate to zero and said it won't raise interest rates until "inflation clearly picks up" in mid-2016 in an attempt to jolt the Swedish economy out of a deflationary spiral. The Russian ruble dropped to a record low of 42.597 per dollar on concern the Russian central bank will move to a free float after more than $20 billion of currency interventions this month failed to stem the ruble's decline. Asian stocks closed mixed: Japan -0.38%, Hong Kong +1.63%, China +2.02%, Taiwan +1.69%, Australia -0.12%, Singapore -0.45%, South Korea -0.24%, India +0.48%. Japanese stocks closed lower after stronger-than-expected Japan Sep retail sales dampened speculation the BOJ will expand stimulus measures when it meets for a 2-day meeting on Thursday. Chinese stocks closed higher after China Sep industrial profits rose from the prior month. Commodity prices are mostly higher. Dec crude oil (CLZ14 +0.60%) is up +0.17%. Dec gasoline (RBZ14 +0.62%) is up +0.24%. Dec gold (GCZ14 -0.12%) is down -0.11%. Dec copper (HGZ14 +0.47%) is up +0.44% at a 1-1/2 week high on the threat of a strike by workers at Freeport-McMoRan's Grasberg copper mine in Indonesia, the third-largest in the world. Agriculture and livestock prices are mostly higher with Dec corn up +1,86% at a 2-month high and Nov soybeans up +1.69% at a 1-3/4 month high on carry-over support from a rally in soybean meal prices to a 4-month high as near-record beef and pork prices boost demand for animal feed to fatten hogs and cattle. The dollar index (DXY00 +0.10%) is up +0.15%. EUR/USD (^EURUSD) is down -0.02%. USD/JPY (^USDJPY) is up +0.25%. Dec T-note prices (ZNZ14 -0.15%) are down -5 ticks.

    German Sep import prices unexpectedly rose +0.3% m/m, higher than expectations of a -0.1% m/m decline and the first increase in 3 months. On an annual basis Sep import prices fell -1.6% y/y, a smaller decline than expectations of -1.9% y/y, but still the twenty-first consecutive month that import prices have fallen year-over-year.

    Japan Sep retail sales rose +2.7% m/m and +2.3% y/y, stronger than expectations of +0.9% m/m and +0.8% y/y and the largest increase in 6 months.

    China Sep industrial profits rose +0.4% y/y, an improvement from the -0.6% y/y decline in Aug.

    U.S. STOCK PREVIEW

    The markets are unanimously expecting the FOMC at its 2-day meeting that begins today to end QE3 with a final $15 billion cut. Today's Aug S&P/CaseShiller Composite-20 home price index is expected to show a small increase of +0.18% m/m, recovering a bit after the -0.50% decline seen in July. Today's Oct U.S. consumer confidence index ifrom the Conference Board is expected to show a +1.1 point increase to 87.1, recovering a bit after the sharp -7.4 point decline to 86.0 seen in September. Today's Sep durable goods orders report is expected to show an overall increase of +0.5% and an +0.5% increase ex-transportation. The Treasury today will sell $29 billion of 2-year T-notes.

    There are 49 of the S&P 500 companies that report earnings today with notable reports including: Facebook (consensus $0.40), Pfizer (0.55), PG&E (1.14), Cummings (2.28), du Pont (0.53), Aetna (1.58), Freeport-McMoRan (0.61), Electronic Arts (0.53), Wynn Resorts (1.83), Ameriprise (1.96). Equity conferences this week include: RMA Annual Risk Management Conference 2014 on Mon-Tue, and GTEC (Government Technology Exhibition & Conference) 2014 on Tue-Thu.

    OVERNIGHT U.S. STOCK MOVERS

    Aetna (AET +0.62%) reported Q3 EPS of $1.79, higher than consensus of $1.58.

    Pfizer (PFE -0.27%) reported Q3 EPS of 57 cents, better than consensus of 55 cents.

    Manitowoc (MTW -0.94%) slipped over 7% in after-hours trading after it reported Q3 EPS of 36 cents, below consensus of 42 cents.

    Crane (CR -0.10%) reported Q3 EPS ex-items of $1.12, weaker than consensus of $1.17, and then lowered guidance on fiscal 2014 EPS view to $4.40-$4.50 from $4.55-$4.75, below consensus of $4.62.

    Masco (MAS -0.48%) reported Q3 adjusted EPS of 31 cents, less than consensus of 32 cents.

    Davidson Kempner Partners reported a 11.47% passive stake in Eagle Bulk Shipping (EGLE -1.49%) .

    Kohl's (KSS -0.91%) dropped nearly 5% in after-hours trading after it said it sees Q3 same-store sales down -1.4% and that fiscal 2014 EPS will be at the low end of $4.05-$4.45, weaker than consensus of $4.30.

    HealthSouth (HLS +0.27%) reported Q3 EPS of 53 cents, better than consensus of 49 cents.

    Reinsurance Group (RGA +0.81%) reported Q3 EPS of $2.28, stronger than consensus of $2.07.

    Hartford Financial (HIG +0.37%) reported Q3 EPS of 86 cents, higher than consensus of 83 cents.

    Symetra Financial (SYA +0.13%) reported Q3 EPS of 39 cents, weaker than consensus of 44 cents.

    AvalonBay (AVB +0.81%) reported Q3 FFO of $2.14, higher than consensus of $2.00.

    Allison Transmission (ALSN +0.10%) reported Q3 EPS of 38 cents, stronger than consensus of 30 cents.

    Buffalo Wild Wings (BWLD -1.17%) rose over 3% in after-hours trading after it reported Q3 EPS of $1.14, better than consensus of $1.07.

    Amgen (AMGN +0.64%) reported Q3 EPS of $2.30, well above consensus of $2.11, and then raised guidance on fiscal 2014 EPS view to $8.45-$8.55 from $8.20-$8.40, higher than consensus of $8.42.

    General Growth Properties (GGP +0.97%) reported Q3 FFO of 33 cents, higher than consensus of 31 cents.

    MARKET COMMENTS

    Dec E-mini S&Ps (ESZ14 +0.54%) this morning are up +10.00 points (+0.51%). The S&P 500 index on Monday closed lower: S&P 500 -0.15%, Dow Jones +0.07%, Nasdaq +0.10%. Negative factors included (1) carry-over selling from a slide in European stocks after the German Oct IFO business confidence fell for a sixth month to a 1-3/4 year low, (2) the +0.3% m/m increase in U.S. Sep pending home sales, weaker than expectations of +1.0% m/m, and (3) the -1.6 point decline in the U.S. Oct Markit composite PMI to 57.4, the slowest pace of expansion in 6 months.

    Dec 10-year T-notes (ZNZ14 -0.15%) this morning are down -5 ticks. Dec 10-year T-note futures prices on Monday recovered from a 2-week low and closed higher. Closes: TYZ4 +3.50, FVZ4 +2.75. Bullish factors included (1) carry-over support from a rally in German bund prices after the German Oct IFO business climate fell more than expected to a 1-3/4 year low, (2) the smaller-than-expected increase in U.S. Sep pending home sales, which bolstered optimism the Fed will maintain record-low interest rates even as it ends QE3, and (3) increased safe-haven demand for T-notes as stocks fell.

    The dollar index (DXY00 +0.10%) this morning isup +0.131 (+0.15%) . EUR/USD (^EURUSD) is down -0.0003 (-0.02%). USD/JPY (^USDJPY) is up +0.27 (+0.25%). The dollar index on Monday closed lower. Closes: Dollar index -0.237 (-0.28%), EUR/USD +0.00286 (+0.23%), USD/JPY -0.322 (-0.30%). Bearish factors included (1) the smaller-than-expected increase in U.S. Sep pending home sales, which boosted speculation that the weak data will prompt the Fed to delay raising interest rates, and (2) the positive results of the ECB's bank stress tests, which eased concern about the health of European banks.

    Dec WTI crude oil (CLZ14 +0.60%) this morning is up +14 cents (+0.17%) and Dec gasoline (RBZ14 +0.62%) is up +0.0051 (+0.24%). Dec crude and Dec gasoline on Monday closed lower with Dec crude falling to a 2-1/3 year low. Closes: CLZ4 -0.01 (-0.01%), RBZ4 -0.0178 (-0.83%). Bearish factors included (1) Goldman Sachs' cut in its Q1 2015 WTI crude oil price estimate to $75 a barrel from $90 a barrel, citing a rise in global supplies, and (2) demand concerns in Europe after the German Oct IFO business climate fell more than expected to a 1-3/4 year low. Crude rebounded from its worst losses after the dollar fell.

    GLOBAL EVENT CALENDAR10/28/2014
    US0830 ETSep durable goods orders expected +0.5% and +0.5% ex transportation, Aug -18.4% and +0.4% ex transportation. Sep non-defense capital goods orders ex-aircraft expected +0.6%, Aug +0.4%.
     0900 ETAug S&P/CaseShiller composite-20 home price index expected +0.18% m/m and +5.70% y/y, Jul -0.50% m/m and +6.75% y/y.
     1000 ETOct consumer confidence (Conference Board) expected +1.1 to 87.1, Sep -7.4 to 86.0.
     1000 ETOct Richmond Fed manufacturing index expected -3 to 11, Sep +2 to 14.
     1130 ETFOMC begins 2-day policy meeting.
     1300 ETTreasury auction $29 billion 2-year T-notes.
    JPN1950 ETJapan Sep industrial production expected +2.2% m/m and -0.1% y/y, Aug -1.9% m/m and -3.3% y/y.
    GER0300 ETGerman Sep import price index expected -0.1% m/m and -1.9% y/y, Aug -0.1% m/m and 01.9% y/y.

    U.S. STOCK CALENDAR10/28/2014

    Company NameTickerTimeEvent DescriptionPeriodEstimate
    Laboratory Corp of America HoldingsLH USBef-mktQ3 2014 Earnings ReleaseQ3 20141.75
    Noble Energy IncNBL USBef-mktQ3 2014 Earnings ReleaseQ3 20140.362
    Martin Marietta Materials IncMLM USBef-mktQ3 2014 Earnings ReleaseQ3 20141.696
    PG&E CorpPCG USBef-mktQ3 2014 Earnings ReleaseQ3 20141.139
    MeadWestvaco CorpMWV USBef-mktQ3 2014 Earnings ReleaseQ3 20140.536
    Corning IncGLW USBef-mktQ3 2014 Earnings ReleaseQ3 20140.377
    Cummins IncCMI USBef-mktQ3 2014 Earnings ReleaseQ3 20142.284
    AutoNation IncAN USBef-mktQ3 2014 Earnings ReleaseQ3 20140.858
    Ecolab IncECL USBef-mktQ3 2014 Earnings ReleaseQ3 20141.203
    PACCAR IncPCAR USBef-mktQ3 2014 Earnings ReleaseQ3 20140.962
    EI du Pont de Nemours & CoDD US6:00Q3 2014 Earnings ReleaseQ3 20140.53
    Whirlpool CorpWHR US6:00Q3 2014 Earnings ReleaseQ3 20143.129
    Starwood Hotels & Resorts Worldwide IncHOT US6:00Q3 2014 Earnings ReleaseQ3 20140.65
    Aetna IncAET US6:00Q3 2014 Earnings ReleaseQ3 20141.576
    Harris CorpHRS US6:30Q1 2015 Earnings ReleaseQ1 20151.091
    CONSOL Energy IncCNX US6:45Q3 2014 Earnings ReleaseQ3 20140.183
    Pfizer IncPFE US7:00Q3 2014 Earnings ReleaseQ3 20140.553
    Xylem Inc/NYXYL US7:00Q3 2014 Earnings ReleaseQ3 20140.52
    Sherwin-Williams Co/TheSHW US7:00Q3 2014 Earnings ReleaseQ3 20143.222
    Coach IncCOH US7:00Q1 2015 Earnings ReleaseQ1 20150.45
    AMETEK IncAME US7:00Q3 2014 Earnings ReleaseQ3 20140.609
    Marsh & McLennan Cos IncMMC US7:00Q3 2014 Earnings ReleaseQ3 20140.525
    Parker-Hannifin CorpPH US7:30Q1 2015 Earnings ReleaseQ1 20151.666
    Freeport-McMoRan IncFCX US8:00Q3 2014 Earnings ReleaseQ3 20140.61
    Amgen IncAMGN US8:00Analyst MeetingY 2014 
    Aetna IncAET US8:00Q3 2014 Earnings CallQ3 2014 
    Masco CorpMAS US8:00Q3 2014 Earnings CallQ3 2014 
    Corning IncGLW US8:30Q3 2014 Earnings CallQ3 2014 
    Coach IncCOH US8:30Q1 2015 Earnings CallQ1 2015 
    Harris CorpHRS US8:30Q1 2015 Earnings CallQ1 2015 
    AMETEK IncAME US8:30Q3 2014 Earnings CallQ3 2014 
    Marsh & McLennan Cos IncMMC US8:30Q3 2014 Earnings CallQ3 2014 
    Laboratory Corp of America HoldingsLH US9:00Q3 2014 Earnings CallQ3 2014 
    Xylem Inc/NYXYL US9:00Q3 2014 Earnings CallQ3 2014 
    Hartford Financial Services Group Inc/TheHIG US9:00Q3 2014 Earnings CallQ3 2014 
    EI du Pont de Nemours & CoDD US9:00Q3 2014 Earnings CallQ3 2014 
    General Growth Properties IncGGP US9:00Q3 2014 Earnings CallQ3 2014 
    Universal Health Services IncUHS US9:00Q3 2014 Earnings CallQ3 2014 
    Noble Energy IncNBL US10:00Q3 2014 Earnings CallQ3 2014 
    MeadWestvaco CorpMWV US10:00Q3 2014 Earnings CallQ3 2014 
    Parker-Hannifin CorpPH US10:00Q1 2015 Earnings CallQ1 2015 
    Pfizer IncPFE US10:00Q3 2014 Earnings CallQ3 2014 
    Bank of New York Mellon Corp/TheBK US10:00Investor DayY 2014 
    CONSOL Energy IncCNX US10:00Q3 2014 Earnings CallQ3 2014 
    Cummins IncCMI US10:00Q3 2014 Earnings CallQ3 2014 
    Freeport-McMoRan IncFCX US10:00Q3 2014 Earnings CallQ3 2014 
    Whirlpool CorpWHR US10:00Q3 2014 Earnings CallQ3 2014 
    PG&E CorpPCG US11:00Q3 2014 Earnings CallQ3 2014 
    Sherwin-Williams Co/TheSHW US11:00Q3 2014 Earnings CallQ3 2014 
    AutoNation IncAN US11:00Q3 2014 Earnings CallQ3 2014 
    Allergan Inc/United StatesAGN US11:30Allergan Inc. Argues Case Against Valeant Pharmaceuticals Takeover  
    Starwood Hotels & Resorts Worldwide IncHOT US11:30Q3 2014 Earnings CallQ3 2014 
    PACCAR IncPCAR US12:00Q3 2014 Earnings CallQ3 2014 
    Symantec CorpSYMC US12:00Annual General MeetingY 2014 
    Ecolab IncECL US13:00Q3 2014 Earnings CallQ3 2014 
    AvalonBay Communities IncAVB US13:00Q3 2014 Earnings CallQ3 2014 
    Martin Marietta Materials IncMLM US14:00Q3 2014 Earnings CallQ3 2014 
    Edison InternationalEIX US16:00Q3 2014 Earnings ReleaseQ3 20141.351
    McKesson CorpMCK US16:00Q2 2015 Earnings ReleaseQ2 20152.726
    Total System Services IncTSS US16:00Q3 2014 Earnings ReleaseQ3 20140.523
    Gilead Sciences IncGILD US16:05Q3 2014 Earnings ReleaseQ3 20141.929
    CH Robinson Worldwide IncCHRW US16:15Q3 2014 Earnings ReleaseQ3 20140.805
    Gilead Sciences IncGILD US16:30Q3 2014 Earnings CallQ3 2014 
    Wynn Resorts LtdWYNN US16:30Q3 2014 Earnings CallQ3 2014 
    Marriott International Inc/DEMAR US17:00Q3 2014 Earnings ReleaseQ3 20140.617
    Edison InternationalEIX US17:00Q3 2014 Earnings CallQ3 2014 
    McKesson CorpMCK US17:00Q2 2015 Earnings CallQ2 2015 
    Total System Services IncTSS US17:00Q3 2014 Earnings CallQ3 2014 
    Vertex Pharmaceuticals IncVRTX US17:00Q3 2014 Earnings CallQ3 2014 
    Electronic Arts IncEA US17:00Q2 2015 Earnings CallQ2 2015 
    Western Digital CorpWDC US17:00Q1 2015 Earnings CallQ1 2015 
    Facebook IncFB US17:00Q3 2014 Earnings CallQ3 2014 
    Fiserv IncFISV US17:00Q3 2014 Earnings CallQ3 2014 
    Equity ResidentialEQR USAft-mktQ3 2014 Earnings ReleaseQ3 20140.801
    Aflac IncAFL USAft-mktQ3 2014 Earnings ReleaseQ3 20141.428
    Anadarko Petroleum CorpAPC USAft-mktQ3 2014 Earnings ReleaseQ3 20141.266
    Dun & Bradstreet Corp/TheDNB USAft-mktQ3 2014 Earnings ReleaseQ3 20141.721
    Owens-Illinois IncOI USAft-mktQ3 2014 Earnings ReleaseQ3 20140.734
    AGL Resources IncGAS USAft-mktQ3 2014 Earnings ReleaseQ3 20140.303
    Newfield Exploration CoNFX USAft-mktQ3 2014 Earnings ReleaseQ3 20140.497
    Vertex Pharmaceuticals IncVRTX USAft-mktQ3 2014 Earnings ReleaseQ3 2014-0.652
    Boston Properties IncBXP USAft-mktQ3 2014 Earnings ReleaseQ3 20141.371
    Macerich Co/TheMAC USAft-mktQ3 2014 Earnings ReleaseQ3 20140.889
    Electronic Arts IncEA USAft-mktQ2 2015 Earnings ReleaseQ2 20150.53
    Express Scripts Holding CoESRX USAft-mktQ3 2014 Earnings ReleaseQ3 20141.29
    Western Digital CorpWDC USAft-mktQ1 2015 Earnings ReleaseQ1 20152.036
    Wynn Resorts LtdWYNN USAft-mktQ3 2014 Earnings ReleaseQ3 20141.825
    Facebook IncFB USAft-mktQ3 2014 Earnings ReleaseQ3 20140.403
    Fiserv IncFISV USAft-mktQ3 2014 Earnings ReleaseQ3 20140.841
    Ameriprise Financial IncAMP USAft-mktQ3 2014 Earnings ReleaseQ3 20141.961
    Kimco Realty CorpKIM USAft-mktQ3 2014 Earnings ReleaseQ3 20140.353
    Cincinnati Financial CorpCINF USAft-mktQ3 2014 Earnings ReleaseQ3 20140.713
    Kroger Co/TheKR US Investor Meeting - Day 1Y 2014 

    Tags: AET, PFE, MTW, CR, MAS, EGLE, KSS, HLS, RGA, HIG, SYA, AVB, ALSN, BWLD, AMGN, GGP, LH, NBL, MLM, GLW, CMI, AN, ECL, PCAR, DD, WHR, HOT, HRS, CNX, XYL, SHW, COH, AME, MMC, FCX, UHS, MWV, BK, SYMC, EIX, TSS, GILD, CHRW, WYNN, VRTX, WDC, FB, FISV, EQR
    Oct 28 8:44 AM | Link | Comment!
  • Advance Auto Parts - Chart Of The Day

    The Chart of the Day is Advanced Auto Parts (NYSE:AAP). I found the stock by sorting the All Time High List for the best technical buy signals then used he Flipchart feature to review the charts. Since the Trend Spotter signaled another buy signal on 10/20 the stock gained 3.50%.

    Advance Auto Parts, Inc. is a specialty retailer of automotive parts, accessories and maintenance items to `do-it-yourself` customers.

    (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
    • 12 new highs and up 11.04% in the last month
    • Relative Strength Index 68.11%
    • Barchart computes a technical support level at 138.57
    • Recently traded at 144.46 with a 50 day moving average of 134.96


    Fundamental factors:

     

    • Market Cap $10.54 billion
    • P/E 20.86
    • Dividend yield .17%
    • Revenue expected to grow 52.10% this year and another 2.30% next year
    • Earnings estimated to increase 44.70% this year, an additional 12.20% next year and continue to compound at an annual rate of 16.60% for the next 6 years
    • Wall Street analysts issued 6 strong buys, 6 buys and 13 hold recommendations on the stock

    Since the 50 - 100 day MACD Oscillator has been the best technical trading strategy for this stock I'd suggest you use that indicators as an exit point.

    Tags: AAP
    Oct 27 5:02 PM | Link | Comment!
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