ARN Daily Basic: Daily Analysts’ Updates for 3/31/2014

Analysts’ Upgrades

• Affiliated Managers Group Inc. (NYSE:AMG) was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. Previous closing price of $190.98. Tweet This.
• Affiliated Managers Group Inc. (NYSE:AMG) was upgraded by analysts at Citic Securities Co., Ltd from a “neutral” rating to a “buy” rating. They now have a $225.00 price target on the stock, up previously from $190.00. 17.8% upside from the previous close of $190.98. Tweet This.
• BlackBerry Ltd (NASDAQ:BBRY) was upgraded by analysts at Needham & Company LLC from an “underperform” rating to a “hold” rating. Previous closing price of $8.41. Tweet This.
• Big Lots, Inc. (NYSE:BIG) was upgraded by analysts at KeyCorp from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock. 21.0% upside from the previous close of $37.20. Tweet This.
• Builders FirstSource Inc. (NASDAQ:BLDR) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock, up previously from $5.00. 49.3% upside from the previous close of $8.04. Tweet This.
• C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) was upgraded by analysts at FBR Capital Markets from an “underperform” rating to a “market perform” rating. They now have a $52.00 price target on the stock. 2.2% upside from the previous close of $50.89. Tweet This.
• Clinigen Group PLC (LON:CLIN) was upgraded by analysts at Numis Securities Ltd to a “buy” rating. They now have a GBX 650 ($10.82) price target on the stock, up previously from GBX 620 ($10.32). Tweet This.
• Credit Suisse (NYSE:CS) was upgraded by analysts at Rafferty Capital Markets from a “hold” rating to a “buy” rating. Previous closing price of $31.73. Tweet This.
• Covanta Holding Corp. (NYSE:CVA) was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating. They now have a $23.00 price target on the stock. 32.5% upside from the previous close of $17.36. Tweet This.
• Delhaize Group (NYSE:DEG) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. Previous closing price of $70.66. Tweet This.
• Darty PLC (LON:DRTY) was upgraded by analysts at N+1 Singer to a “buy” rating. They now have a GBX 140 ($2.33) price target on the stock. Tweet This.
• Darty PLC (LON:DRTY) was upgraded by analysts at Nplus1 Brewin to a “buy” rating. They now have a GBX 140 ($2.33) price target on the stock. Tweet This.
• DTE Energy Co (NYSE:DTE) was upgraded by analysts at KeyCorp from a “hold” rating to a “buy” rating. They now have a $83.00 price target on the stock. 13.4% upside from the previous close of $73.19. Tweet This.
• Echo Global Logistics, Inc. (NASDAQ:ECHO) was upgraded by analysts at FBR Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $20.00 price target on the stock, up previously from $17.00. 16.5% upside from the previous close of $17.17. Tweet This.
• Edison International (NYSE:EIX) was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating. They now have a $60.00 price target on the stock, up previously from $57.00. 8.5% upside from the previous close of $55.29. Tweet This.
• Eastman Chemical Co. (NYSE:EMN) was upgraded by analysts at Wells Fargo & Co. to a “market weight” rating. Previous closing price of $85.60. Tweet This.
• easyJet plc (LON:EZJ) was upgraded by analysts at Numis Securities Ltd to a “buy” rating. They now have a GBX 2,100 ($34.94) price target on the stock, up previously from GBX 1,900 ($31.61). Tweet This.
• Glacier Media (TSE:GVC) was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating. They now have a C$1.80 price target on the stock. 33.3% upside from the previous close of $1.35. Tweet This.
• Heartland Express Inc. (NASDAQ:HTLD) was upgraded by analysts at Longbow Research from a “neutral” rating to a “buy” rating. They now have a $26.00 price target on the stock. 20.0% upside from the previous close of $21.67. Tweet This.
• Ibi Group Inc. (TSE:IBG) was upgraded by analysts at Canaccord Genuity from a “sell” rating to a “hold” rating. They now have a C$1.50 price target on the stock, up previously from C$0.75. 18.1% upside from the previous close of $1.27. Tweet This.
• ING Groep (NYSE:ING) was upgraded by analysts at Goldman Sachs from a “neutral” rating to a “buy” rating. They now have a $43.00 price target on the stock, up previously from $38.00. 213.4% upside from the previous close of $13.72. Tweet This.
• Knight Transportation (NYSE:KNX) was upgraded by analysts at Longbow Research from a “neutral” rating to a “buy” rating. They now have a $26.00 price target on the stock. 19.3% upside from the previous close of $21.80. Tweet This.
• Medley Capital Corp. (NYSE:MCC) was upgraded by analysts at Credit Suisse from a “neutral” rating to an “outperform” rating. They now have a $15.50 price target on the stock, up previously from $14.50. 13.8% upside from the previous close of $13.62. Tweet This.
• The Men’s Wearhouse, Inc. (NYSE:MW) was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $60.00 price target on the stock. 24.0% upside from the previous close of $48.40. Tweet This.
• Panera Bread Co (NASDAQ:PNRA) was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $215.00 price target on the stock, up previously from $185.00. 23.6% upside from the previous close of $174.00. Tweet This.
• Banco Santander, S.A. (NYSE:SAN) was upgraded by analysts at Deutsche Bank from a “sell” rating to a “hold” rating. Previous closing price of $8.87. Tweet This.
• SINA Corp (NASDAQ:SINA) was upgraded by analysts at Pacific Crest from a “sector perform” rating to an “outperform” rating. They now have a $88.00 price target on the stock. 49.3% upside from the previous close of $58.95. Tweet This.
• SINA Corp (NASDAQ:SINA) was upgraded by analysts at UBS AG from a “sector perform” rating to an “outperform” rating. They now have a $88.00 price target on the stock. 49.3% upside from the previous close of $58.95. Tweet This.
• Travelers Companies Inc (NYSE:TRV) was upgraded by analysts at Guggenheim from a “sell” rating to a “neutral” rating. They now have a $88.00 price target on the stock. 4.8% upside from the previous close of $83.99. Tweet This.
• Vipshop Holdings Ltd – (NASDAQ:VIPS) was upgraded by analysts at Goldman Sachs from a “neutral” rating to a “buy” rating. They now have a $185.00 price target on the stock, up previously from $138.00. 34.1% upside from the previous close of $138.00. Tweet This.
• ING US Inc (NYSE:VOYA) was upgraded by analysts at Goldman Sachs from a “neutral” rating to a “buy” rating. They now have a $43.00 price target on the stock, up previously from $38.00. 19.9% upside from the previous close of $35.86. Tweet This.
• Materials Select Sector SPDR (NYSE:XLB) was upgraded by analysts at Wells Fargo & Co. from an “underweight” rating to a “market weight” rating. Previous closing price of $46.31. Tweet This.
• The ExOne Company (NASDAQ:XONE) was upgraded by analysts at BB&T Corp. from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock. They noted that the move was a valuation call. 41.9% upside from the previous close of $35.24. Tweet This.
• Get today’s most recent analysts’ upgrades at AnalystRatings.net

Analysts’ Downgrades

• BlackBerry Ltd (TSE:BB) was downgraded by analysts at Evercore Partners from an “equal weight” rating to an “underweight” rating. They now have a C$6.00 price target on the stock, down previously from C$7.00. 35.6% downside from the previous close of $9.31. Tweet This.
• BlackBerry Ltd (NASDAQ:BBRY) was downgraded by analysts at Evercore Partners from an “equal weight” rating to an “underweight” rating. They now have a $6.00 price target on the stock, down previously from $7.00. 28.7% downside from the previous close of $8.41. Tweet This.
• BlackBerry Ltd (NASDAQ:BBRY) was downgraded by analysts at Credit Suisse from a “neutral” rating to an “underperform” rating. They now have a $6.00 price target on the stock, down previously from $7.00. 28.7% downside from the previous close of $8.41. Tweet This.
• CNOOC (NYSE:CEO) was downgraded by analysts at UBS AG from a “buy” rating to a “neutral” rating. Previous closing price of $153.11. Tweet This.
• Mack-Cali Realty Corp. (NYSE:CLI) was downgraded by analysts at Barclays from an “equal weight” rating to an “underweight” rating. They now have a $19.00 price target on the stock. 9.7% downside from the previous close of $21.04. Tweet This.
• Continental Resources, Inc. (NYSE:CLR) was downgraded by analysts at KLR Group from a “buy” rating to an “accumulate” rating. They now have a $149.00 price target on the stock. 18.6% upside from the previous close of $125.67. Tweet This.
• Republic First Bancorp (NASDAQ:FRBK) was downgraded by analysts at Sandler O’Neill from a “hold” rating to a “sell” rating. They now have a $3.25 price target on the stock. 16.9% downside from the previous close of $3.91. Tweet This.
• Filtronic Plc (LON:FTC) was downgraded by analysts at Panmure Gordon to a “hold” rating. They now have a GBX 54 ($0.90) price target on the stock, down previously from GBX 84 ($1.40). Tweet This.
• Medley Capital Corp. (NYSE:MCC) was downgraded by analysts at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating. Previous closing price of $13.62. Tweet This.
• MannKind Co. (NASDAQ:MNKD) was downgraded by analysts at Piper Jaffray from a “neutral” rating to an “underweight” rating. They now have a $1.50 price target on the stock, down previously from $5.00. 68.9% downside from the previous close of $4.83. Tweet This.
• Magnachip Semiconductor Corp (NYSE:MX) was downgraded by analysts at UBS AG from a “neutral” rating to a “sell” rating. They now have a $12.00 price target on the stock, down previously from $17.00. 17.4% downside from the previous close of $14.52. Tweet This.
• PGT Inc. (NASDAQ:PGTI) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating. They now have a $13.00 price target on the stock, up previously from $9.00. 7.6% upside from the previous close of $12.08. Tweet This.
• Prana Biotechnology (NASDAQ:PRAN) was downgraded by analysts at HC Wainwright from a “buy” rating to a “neutral” rating. They now have a $5.00 price target on the stock, down previously from $33.00. 49.3% downside from the previous close of $9.86. Tweet This.
• RenaissanceRe Holdings Ltd. (NYSE:RNR) was downgraded by analysts at BofA Merrill Lynch from a “neutral” rating to an “underperform” rating. They now have a $91.00 price target on the stock, down previously from $98.00. 6.2% downside from the previous close of $97.02. Tweet This.
• RenaissanceRe Holdings Ltd. (NYSE:RNR) was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating. They now have a $91.00 price target on the stock, down previously from $98.00. They noted that the move was a valuation call. 6.2% downside from the previous close of $97.02. Tweet This.
• Signet Jewelers Ltd. (NYSE:SIG) was downgraded by analysts at Miller Tabak from a “buy” rating to a “neutral” rating. Previous closing price of $98.80. Tweet This.
• Shanks Group (LON:SKS) was downgraded by analysts at Investec to an “add” rating. They now have a GBX 120 ($2.00) price target on the stock. Tweet This.
• NASDAQ (NASDAQ:THESTREET) was downgraded by analysts at Credit Suisse from a “neutral” rating to an “underperform” rating. They now have a $6.00 price target on the stock. Tweet This.
• Get today’s most recent analysts’ downgrades at Analyst Ratings.net

Analysts’ New Coverage

• American Eagle Energy Corp (NASDAQ:AMZG) is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $10.00 price target on the stock. 42.9% upside from the previous close of $7.00. Tweet This.
• American Eagle Energy Corp (NYSEMKT:AMZG) is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $10.00 price target on the stock. Tweet This.
• Apache Co. (NYSE:APA) is now covered by analysts at KLR Group. They set a “buy” rating and a $119.00 price target on the stock. 43.3% upside from the previous close of $83.02. Tweet This.
• Build-A-Bear Workshop, (NYSE:BBW) is now covered by analysts at Craig Hallum. They set a “buy” rating and a $15.00 price target on the stock. 63.0% upside from the previous close of $9.20. Tweet This.
• Cummins Inc. (NYSE:CMI) is now covered by analysts at Argus. They set a “buy” rating and a $162.00 price target on the stock. 11.0% upside from the previous close of $146.00. Tweet This.
• Dresser-Rand Group Inc. (NYSE:DRC) is now covered by analysts at Gabelli. They set a “buy” rating and a $70.00 price target on the stock. 23.7% upside from the previous close of $56.57. Tweet This.
• FBR & Co. (NASDAQ:FBRC) is now covered by analysts at Barrington Research. They set an “outperform” rating and a $32.00 price target on the stock. 30.8% upside from the previous close of $24.47. Tweet This.
• HCA Holdings Inc. (NYSE:HCA) is now covered by analysts at Monness Crespi & Hardt. They set a “buy” rating on the stock. Previous closing price of $51.14. Tweet This.
• KapStone Paper & Packaging Corp. (NYSE:KS) is now covered by analysts at Barclays. They set an “overweight” rating and a $35.00 price target on the stock. 29.7% upside from the previous close of $26.98. Tweet This.
• LifePoint Hospitals, Inc. (NASDAQ:LPNT) is now covered by analysts at Monness Crespi & Hardt. They set a “neutral” rating on the stock. Previous closing price of $53.90. Tweet This.
• MercadoLibre (NASDAQ:MELI) is now covered by analysts at Citigroup Inc.. They set a “sell” rating on the stock. Previous closing price of $96.28. Tweet This.
• Myriad Genetics Inc. (NASDAQ:MYGN) is now covered by analysts at JPMorgan Chase & Co.. They set an “underweight” rating and a $25.00 price target on the stock. 23.9% downside from the previous close of $32.87. Tweet This.
• Targa Resources Partners LP (NASDAQ:NGLS) is now covered by analysts at UBS AG. They set a “buy” rating and a $59.00 price target on the stock. 6.2% upside from the previous close of $55.56. Tweet This.
• Targa Resources Partners LP (NYSE:NGLS) is now covered by analysts at UBS AG. They set a “buy” rating and a $59.00 price target on the stock. 6.2% upside from the previous close of $55.56. Tweet This.
• ONEOK, Inc. (NYSE:OKE) is now covered by analysts at UBS AG. They set a “neutral” rating and a $61.00 price target on the stock. They noted that the move was a valuation call. 4.3% upside from the previous close of $58.49. Tweet This.
• Oneok Partners LP (NYSE:OKS) is now covered by analysts at UBS AG. They set a “neutral” rating and a $54.00 price target on the stock. 0.7% upside from the previous close of $53.62. Tweet This.
• Petards Group plc (LON:PEG) is now covered by analysts at WH Ireland. They set a “buy” rating and a GBX 18 ($0.30) price target on the stock. Tweet This.
• ScanSource Inc. (NASDAQ:SCSC) is now covered by analysts at Sidoti. They set a “buy” rating on the stock. Previous closing price of $38.09. Tweet This.
• Tenet Healthcare Corp (NYSE:THC) is now covered by analysts at Monness Crespi & Hardt. They set a “neutral” rating on the stock. Previous closing price of $41.86. Tweet This.
• TriplePoint Venture Growth BDC Corp (NASDAQ:TPVG) is now covered by analysts at Credit Suisse. They set a “neutral” rating and a $17.00 price target on the stock. 5.7% upside from the previous close of $16.09. Tweet This.
• TriplePoint Venture Growth BDC Corp (NASDAQ:TPVG) is now covered by analysts at Wells Fargo & Co.. They set an “outperform” rating and a $19.00 price target on the stock. 18.1% upside from the previous close of $16.09. Tweet This.
• Targa Resources Corp (NASDAQ:TRGP) is now covered by analysts at UBS AG. They set a “neutral” rating and a $100.00 price target on the stock. 2.6% upside from the previous close of $97.46. Tweet This.
• Universal Health Services Inc. (NYSE:UHS) is now covered by analysts at Monness Crespi & Hardt. They set a “neutral” rating on the stock. Previous closing price of $79.70. Tweet This.
• William Lyon Homes (NYSE:WLH) is now covered by analysts at Credit Suisse. They set a “neutral” rating and a $30.00 price target on the stock. 9.1% upside from the previous close of $27.51. Tweet This.
• Yelp Inc (NASDAQ:YELP) is now covered by analysts at Wells Fargo & Co.. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Previous closing price of $76.44. Tweet This.
• Get today’s most recent analysts’ new coverage at Analyst Ratings.net

Rotate On This! – 03/31/2014

Friday was a solid day for large caps according to the S&P 500, while small caps didn’t fare so well. That was a pretty consistent theme this past week.

Again, these disparate results are the classic signs of a rotation period. Gladly these confusing times usually make way for the next leg higher.

This week the economic calendar heats up as it always does the first week of the month. Here is the full slate with key reports in bold.

Tuesday: ISM Mfg , PMI Mfg, Construction Spending

Wednesday: ADP Employment

Thursday: Jobless Claims, ISM Services , PMI Services

Friday: March Employment Situation

Good news from these announcements should get stocks on the upswing. However, we likely won’t mount a serious attack on 1900 until investors get a solid read of Q1 earnings reports in mid to late April. Given our strength in earnings coverage, we will give you the early read on that and whether it is bullish or bearish for stocks.

Best,

Steve Reitmeister ( aka Reity…pronounced “Righty” )

Executive Vice President

Zacks Investment Research

Key Market Reports and Commentary for Monday 31/03/2014

Morning Markets Report
Prepared on Monday, March 31, 2014

Copyright 2014 INO.com. All Rights Reserved.

Summary
The Dow Future has advanced 53 points to 16293. The US Dollar Index declined 0.190 points to 80.027. Gold is down 2.975 dollars to 1294.065. Silver has gained 0.0855 dollars to 19.9105. The Dow Industrials moved up 58.83 points, at 16323.06, while the S&P 500 rose 8.58 points, last seen at 1857.62. The Nasdaq Composite moved higher by 2.57 points to 4153.80. Streaming charts of these markets are available 24/7 at MarketClub

Blog Postings and Videos Practical Applications of Candlestick Charts Sunday Mar 30th POLL: Do You Think Putin Is Going To Invade The Ukraine? Friday Mar 28th Weekly Futures Recap With Mike Seery Friday Mar 28th

Key Events for Monday

8:30 AM ET. Feb Personal Income & Outlays

Personal Income (expected +0.2%; previous +0.3%)

Personal Spending (expected +0.3%; previous +0.4%)

PCE Price Index Monthly (previous +0.1%)

PCE Price Index Yearly (previous +1.2%)

PCE Core Price Index Monthly (expected +0.1%; previous +0.1%)

PCE Core Price Index Yearly (previous +1.1%)

9:55 AM ET. Mar Thomson Reuters / University of Michigan Survey of Consumers – final

Sentiment Index End month (expected 80.5; previous 81.6)

Expectations Index End Month (previous 72.7)

12-Month Inflation Forecast (previous 3.2%)

5-Year Inflation Forecast (previous 2.9%)

Value (Current Period) End Month (previous 95.4)

10:00 AM ET. Feb Regional & State Employment & Unemployment

3:00 PM ET. Mar Agricultural Prices

Farm Prices, M/M (previous +7.1%)

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Currencies Snapshot Symbol Last Change % US DOLLAR INDEX 80.027 -0.190 -0.24% POWERSHARES DB US DOLLAR INDEX 21.485 +0.005 +0.02% US Dollar/Canadian Dollar 1.105350 -0.000005 -0.00% Euro/US Dollar 1.379000 +0.003880 +0.28% JAPANESE YEN Jun 2014 0.009693 -0.000038 -0.39% SWISS FRANC Jun 2014 1.1326 +0.0043 +0.38%

CURRENCIES

The June Dollar was higher overnight as it extends the trading range of the past six days. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March’s low, the reaction high crossing at 80.74 is the next upside target. Closes below the 20-day moving average crossing at 80.06 would temper the near-term friendly outlook. First resistance is last Thursday’s high crossing at 80.50. Second resistance is the reaction high crossing at 80.74. First support is the 20-day moving average crossing at 80.06. Second support is March’s low crossing at 79.37.

The June Euro was lower overnight extrending the decline off March’s high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the aforementioned decline, the reaction low crossing at 136.44 is the next downside target. Closes above the 20-day moving average crossing at 138.26 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at 138.26. Second resistance is March’s high crossing at 139.66. First support is the overnight low crossing at 137.02. Second support is the reaction low crossing at 136.44.

The June British Pound was higher overnight as it extends this week’s rally and is trading above the 20-day moving average. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 1.6600 would confirm that a short-term low has been posted. If June renews the decline off February’s high, the 50% retracement level of the November-February-rally crossing at 1.6337. First resistance is the 20-day moving average crossing at 1.6600. Second resistance is March’s high crossing at 1.6773. First support is the 38% retracement level of the November-February-rally crossing at 1.6449. Second support is the 50% retracement level of the November-February-rally crossing at 1.6337.

The June Swiss Franc was lower overnight as it extends the decline off March’s high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the aforementioned decline, the 50% retracement level of the January-March-rally crossing at .11226 is the next downside target. Closes above the 20-day moving average crossing at .11366 are needed to confirm that a short-term top has been posted. First resistance is the 20-day moving average crossing at .11366 Second resistance is March’s high crossing at .11503. First support is the 50% retracement level of the January-March-rally crossing at .11226. Second support is the 62% retracement level of the January-March-rally crossing at .11160.

The June Canadian Dollar was higher overnight as it extends the rally off last week’s low. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends this week’s rally, the reaction high crossing at 91.06 is the next upside target. Closes below the 10-day moving average crossing at 89.59 would temper the near-term friendly outlook. First resistance is the reaction high crossing at 91.06. Second resistance is the reaction high crossing at 91.38. First support is the 10-day moving average crossing at 89.59. Second support is March’s low crossing at 88.45.

The June Japanese Yen was lower overnight as it extends this week’s trading range. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If June renews the decline off March’s high, March’s low crossing at .9641 is the next downside target. If June renews the rally off March’s low, February’s high crossing at .9930 is the next upside target. First resistance is the reaction high crossing at .9889. Second resistance is February’s high crossing at .9930. First support is last Wednesday’s low crossing at .9742. Second support is March’s low crossing at .9641.

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Energy Snapshot Symbol Last Change % CRUDE OIL May 2014 101.27 -0.40 -0.39% NY HARBOR ULSD HEATING OIL May 2014 2.9361 -0.0117 -0.40% NATURAL GAS May 2014 4.443 -0.042 -0.94% RBOB GASOLINE May 2014 2.9199 -0.0168 -0.57% POWERSHARES DWA ENERGY MOMENT 57.618 +0.608 +1.05% UNITED STATES GASOLINE 58.35 +0.08 +0.13%

ENERGIES

May Nymex crude oil was higher overnight as it extends the rally off March’s low. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the aforementioned rally, March’s high crossing at 104.48 is the next upside target. First resistance is the overnight high crossing at 101.88. Second resistance is March’s high crossing at 104.48. First support is the 10-day moving average crossing at 99.62. Second support is March’s low crossing at 97.00.

May heating oil was higher overnight as it extends this week’s rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Thursday’s close above the 20-day moving average confirms that a short-term low has been posted. If May extends this week’s rally, the reaction high crossing at 297.70 is the next upside target. Closes below the 10-day moving average crossing at 299.39 would temper the near-term friendly outlook. First resistance is the reaction high crossing at 297.70. Second resistance is March’s high crossing at 306.40. First support is the 10-day moving average crossing at 299.39. Second support is March’s low crossing at 287.40. Third support is January’s low crossing at 286.53.

May unleaded gas was slightly higher overnight as it extends the rally off March’s low. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off March’s low, the reaction high crossing at 296.57 is the next upside target. Closes below the 10-day moving average crossing at 289.73 would temper the near-term friendly outlook. First resistance is the reaction high crossing at 296.57. Second resistance is March’s high crossing at 305.38. First support is the 10-day moving average crossing at 289.73. Second support is the 62% retracement level of the November-March rally crossing at 283.07.

May Henry natural gas was lower overnight as it consolidates some of Thursday’s rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off Monday’s low, the reaction high crossing at 4.669 is the next upside target. Closes below the 10-day moving average crossing at 4.415 would temper the near-term friendly outlook. First resistance is the reaction high crossing at 4.669. Second resistance is February’s high crossing at 4.893. First support is the 50% retracement level of the November-February-rally crossing at 4.195. Second support is the 62% retracement level of the November-February-rally crossing at 4.029.

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Food Snapshot Symbol Last Change % COCOA May 2014 2986 +3 +0.10% COFFEE May 2014 179.50 -1.10 -0.61% ORANGE JUICE-A May 2014 150.50 +0.70 +0.46% IPATH DJ-UBS SUGAR TRUST 59.3901 -0.1199 -0.20% IPATH DJ-UBS SOFTS TRUST 52.0780 +0.8581 +1.60%

FOOD & FIBER

May coffee closed higher on Thursday. The high-range close set the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 18.95 would confirm that a low has been posted. If May extends this month’s decline, the 50% retracement level of the December-March-rally crossing at 15.91 is the next downside target.

May cocoa closed lower on Thursday. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 29.17 are needed to confirm that a short-term top has been posted. If May renews this winter’s rally, weekly resistance crossing at 30.92 is the next upside target.

May sugar closed higher on Thursday and above the 20-day moving average crossing at 17.56 confirming that a short-term low has been posted. The high-range close set the stage for a steady to higher opening on Friday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If May extends this week’s rally, March’s high crossing at 18.47 is the next upside target. If May renews the decline off this month’s high, the reaction low crossing at 15.57 is the next downside target.

May cotton closed higher on Thursday. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 89.84 would confirm that a short-term top has been posted. If May extends the rally off the late-January low, monthly resistance crossing at 93.93 is the next upside target.

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Grains Snapshot Symbol Last Change % CORN May 2014 489.25 -2.75 -0.56% OATS May 2014 400.00 -2.00 -0.50% WHEAT May 2014 689.00 -6.50 -0.94% TEUCRIUM CORN 33.655 -0.325 -0.97% IPATH DJ-UBS GRAINS TRUST 49.61 -0.52 -1.05% ELEMENTS MLCX GRAINS INDEX TRUST 6.548 -0.042 -0.65% SOYBEANS May 2014 1437.25 +0.75 +0.05% SOYBEAN (MINI) Nov 2014 1187.625 -2.875 -0.24% SOYBEAN MEAL May 2014 468.3 -0.1 -0.02% TEUCRIUM SOYBEAN 23.7201 -0.3499 -1.42%

GRAINS

May corn was lower overnight as it consolidates some of Thursday’s rally while extending March’s trading range. The low-range close sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If May renews the rally off January’s low, the 38% retracement level of the 2012-2014-decline crossing at 5.14 1/2 is the next upside target. Closes below the reaction low crossing at 4.76 would confirm that a short-term top has been posted. First resistance is March’s high crossing at 5.02 1/2. Second resistance is the 38% retracement level of the 2012-2014-decline crossing at 5.14 1/2. First support is the reaction low crossing at 4.76. Second support is the reaction low crossing at 4.63 1/2.

May wheat was lower due to profit taking overnight as it consolidates some of the rally off January’s low. The low-range close sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 6.78 1/2 would confirm that a short-term top has been posted. If May renews the rally off January’s low, weekly resistance crossing at 7.48 1/2 is the next upside target. First resistance is last Thursday’s high crossing at 7.23 1/2. Second resistance is weekly resistance crossing at 7.48 1/2. First support is the 10-day moving average crossing at 7.01. Second support is the 20-day moving average crossing at 6.78 1/2.

May Kansas City Wheat closed up 12 1/2-cents at 7.83 3/4.

May Kansas City wheat closed higher on Thursday. Today’s high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off February’s low, the 62% retracement level of the 2012-2014-decline crossing at 8.13 is the next upside target. Multiple closes below the 20-day moving average crossing at 7.44 1/2 are needed to confirm that a short-term top has been posted. First resistance is Monday’s high crossing at 7.88. Second resistance is the 62% retracement level of the 2012-2014-decline crossing at 8.13. First support is the 10-day moving average crossing at 7.74. Second support is the 20-day moving average crossing at 7.44 1/2.

May Minneapolis wheat was lower overnight. The low-range close sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 7.26 1/2 would confirm that a short-term top has been posted. If May extends the rally off January’s low, the 50% retracement level of the 2012-2014-decline crossing at 7.79 3/4 is the next upside target. First resistance is the 50% retracement level of the 2012-2014-decline crossing at 7.79 3/4. Second resistance is the 62% retracement level of the 2012-2014-decline crossing at 8.23 1/2. First support is the 10-day moving average crossing at 7.49 3/4. Second support is the 20-day moving average crossing at 7.26 1/2.

SOYBEAN COMPLEX http://quotes.ino.com/ex changes/?c=grains

May soybeans were lower overnight. The low-range close sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off March’s low, March’s high crossing at 14.60 is the next upside target. Closes below the 20-day moving average crossing at 14.20 would temper the near-term friendly outlook. First resistance is last Thursday’s high crossing at 14.56 1/2. Second resistance is March’s high crossing at 14.60. First support is the 38% retracement level of the January-March-rally crossing at 13.79. Second support is the 50% retracement level of the January-March-rally crossing at 13.54.

May soybean meal was lower overnight as it consolidates some of this month’s rally. The mid-range close sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off March’s low, weekly resistance crossing at 482.20 is the next upside target. Closes below the 20-day moving average crossing at 454.60 would confirm that a short-term top has been posted. First resistance is Thursday’s high crossing at 475.30. Second resistance is weekly resistance crossing at 482.20. First support is the 20-day moving average crossing at 454.60. Second support is March’s low crossing at 431.00.

May soybean oil was higher overnight. The mid-range close sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends this month’s decline, the 62% retracement level of the February-March-rally crossing at 40.18 is the next downside target. Closes above the 20-day moving average crossing at 42.33 would confirm that a short-term top has been posted. First resistance is the 10-day moving average crossing at 41.20. Second resistance is the 20-day moving average crossing at 42.33. First support is the 62% retracement level of the February-March-rally crossing at 40.18. Second support is the 75% retracement level of the February-March-rally crossing at 39.13.

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Indexes Snapshot Symbol Last Change % DJ 30 INDUSTRIALS 16323.06 +58.83 +0.36% NASDAQ COMPOSITE INDEX (COMBINED) 4153.80 +2.57 +0.06% S&P 500 CASH 1857.62 +8.58 +0.46% SPDR S&P 500 185.43 +0.85 +0.46% QQQQ VOLATILITY INDEX 16.10 -0.17 -1.06% iShares RUSSELL 2000 INDEX 114.34 -0.06 -0.05%

U.S. STOCK INDEXES

The June NASDAQ 100 was higher due to short covering overnight as it consolidated some of this week’s decline. Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term. If June extends the decline off March’s high, the 75% retracement level of the February-March-rally crossing at 3488.39 is the next downside target. Closes above the 20-day moving average crossing at 3666.80 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 3666.80. Second resistance is last Friday’s high crossing at 3712.75. First support is the 62% retracement level of the February-March-rally crossing at 3531.69. Second support is the 75% retracement level of the February-March-rally crossing at 3488.39.

The June S&P 500 was higher due to short covering overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends this week’s decline, the 38% retracement level of the February-March-rally crossing at 1819.76 is the next upside target. Closes above the 20-day moving average crossing at 1854.82 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at 1854.82. Second resistance is March’s high crossing at 1877.20. First support is the 38% retracement level of the February-March rally crossing at 1819.76. Second support is the 50% retracement level of the February-March rally crossing at 1801.81.

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Interest Snapshot Symbol Last Change % T-BONDS Jun 2014 133.00000 -0.53125 -0.40% iShares FLOATING RATE NOTE 50.704 -0.006 -0.01% 5 YEAR T-NOTES Jun 2014 118.757813 -0.132813 -0.11% ULTRA T-BONDS Jun 2014 144.15625 -0.68750 -0.47% POWERSHARES SENIOR LOAN PORTF 24.81 -0.01 -0.04%

INTEREST RATES

June T-bonds were lower due to profit taking overnight as it consolidates some of this month’s rally. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the aforementioned rally, weekly resistance crossing at 137-14 is the next upside target. Closes below the 20-day moving average crossing at 132-21 would confirm that a short-term top has been posted. First resistance is Thursday’s high crossing at 134-16. Second resistance is weekly resistance crossing at 137-14. First support is the 20-day moving average crossing at 132-21. Second support is the reaction low crossing at 131-24.

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Livestock Snapshot Symbol Last Change % FEEDER CATTLE May 2014 179.500 -0.375 -0.21% LEAN HOGS Jun 2014 129.575 +0.275 +0.21% LIVE CATTLE Jun 2014 138.350 -0.175 -0.13% IPATH DJ-UBS LIVESTOCK TRUST SUB 32.1303 -0.3297 -1.03%

LIVESTOCK

April hogs closed up $3.00 at $125.47.

April hog gapped up and closed limit up on Thursday. The high-range close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI are diverging but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends this year’s rally into uncharted territory, upside targets will be hard to project. First resistance is last Thursday’s high crossing at 126.30. Second resistance is unknown. First support is Wednesday’s low crossing at 120.25. Second support is the 20-day moving average crossing at 118.22.

April cattle closed up $0.67 at 146.47.

April cattle closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday’s session begins trading. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If April extends this winter’s rally, upside targets will be hard to project if it trades into uncharted territory. Closes below Tuesday’s low crossing at 143.10 would confirm that a short-term top has been posted. First resistance is last Thursday’s high crossing at 146.92. Second resistance is unknown. First support is Tuesday’s low crossing at 143.10. Second support is the reaction low crossing at 142.70.

April feeder cattle closed up $0.87 at $179.50.

April Feeder cattle closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI are overbought but remains bullish signaling that sideways to higher prices are possible near-term. If April extends this year’s rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 175.72 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 179.80. Second resistance is unknown. First support is the 20-day moving average crossing at 175.72. Second support is the reaction low crossing at 171.50.

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Metals Snapshot Symbol Last Change % GOLD Jun 2014 1296.2 +1.9 +0.15% SPDR GOLD SHARES 124.58 -0.01 -0.01% SILVER May 2014 19.960 +0.170 +0.86% PALLADIUM Jun 2014 779.80 +6.10 +0.79% DIREXION DAILY GOLD MINERS BEA 24.3000 -1.0600 -4.34% POWERSHARES DB PRECIOUS METALS 41.6986 -0.0314 -0.08%

PRECIOUS METALS

April gold was higher due to short covering overnight as it consolidates some of the decline off March’s high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If April extends the aforementioned decline, the 50% retracement level of the January-March-rally crossing at 1287.40 is the next downside target. Closes above the 20-day moving average crossing at 1339.30 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 1339.30. Second resistance is March’s high crossing at 1392.60. First support is the the 50% retracement level of the January-March-rally crossing at 1287.40. Second support is the 62% retracement level of the January-March-rally crossing at 1262.50.

May silver was higher due to short covering overnight as it consolidates some of the decline off February’s high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible. If May extends the decline off February’s high, the 87% retracement level of the January-February-rally crossing at 19.233 is the next downside target. Closes above the 20-day moving average crossing at 20.759 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 20.300. Second resistance is the 20-day moving average crossing at 20.759. First support is the 75% retracement level of the January-February-rally crossing at 19.647. Second support is the 87% retracement level of the January-February-rally crossing at 19.233.

May copper was higher overnight and is trading above the 20-day moving average. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 302.08 would confirm that a short-term low has been posted. If May renews the decline off December’s high, weekly support crossing at 272.00 is the next downside target. First resistance is the 20-day moving average crossing at 302.08. Second resistance is the 38% retracement level of the December-March-decline crossing at 308.20. First support is last Wednesday’s low crossing at 287.70. Second support is weekly support crossing at 272.00.

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Top Stocks # symbol name last net % volume score triangles 1. ORCL ORACLE CORP 39.555 +0.315 +0.80% 17,226,299 +90    Entry Signal 2. ITUB ITAU UNIBANCO HOLDINGS 14.6250 -0.0250 -0.17% 13,989,807 +90    Entry Signal 3. ACI ARCH COAL 4.795 +0.045 +0.94% 12,531,702 +90    Entry Signal 4. XOM EXXON MOBIL 97.71 +1.47 +1.50% 11,331,205 +100    Entry Signal 5. XRX XEROX 11.05 +0.14 +1.27% 10,880,233 +90    Entry Signal 6. TSM TAIWAN SEMICONDUCTOR 19.64 +0.22 +1.12% 10,654,015 +90    Entry Signal 7. HPQ HEWLETT-PACKARD 32.035 +0.105 +0.33% 10,640,250 +90    Entry Signal 8. BBD BANK BRADESCO 13.57 +0.07 +0.52% 10,604,357 +90    Entry Signal 9. GLW CORNING 20.615 +0.155 +0.75% 9,000,480 +90    Entry Signal 10. HK HALCON RESOURCES 4.15 +0.23 +5.56% 8,529,963 +100    Entry Signal

Top Futures # symbol name last net % volume score triangles 1. ED.U14 EURODOLLAR Sep 2014 99.730 0.000 0.00% 48,836 +100    Entry Signal 2. ED.M14 EURODOLLAR Jun 2014 99.755 0.000 0.00% 48,309 +100    Entry Signal 3. W.N14 WHEAT Jul 2014 699.25 -15.25 -2.18% 28,352 +100    Entry Signal 4. 6A.M14.E AUSTRALIAN $ Jun 2014 0.9179 -0.0025 -0.27% 26,841 +100    Entry Signal 5. GE.J14.E EURODOLLAR Apr 2014 99.7650 +0.0025 0.00% 1,868 +100    Entry Signal 6. SB.N15.E SUGAR #11-WORLD Jul 2015 18.70 -0.04 -0.21% 868 +100    Entry Signal 7. M6A.M14.E E-MICRO AUD/USD Jun 2014 0.9177 -0.0027 -0.29% 451 +100    Entry Signal 8. SF.K14.E SUGAR #16 May 2014 22.35 +0.23 +1.03% 76 +100    Entry Signal 9. SB.K16.E SUGAR #11-WORLD May 2016 18.90 -0.05 -0.26% 58 +100    Entry Signal 10. AJY.M14.E AUSTRALIAN $/JAPANESE YEN Jun 2014 94.75 +0.17 +0.18% 50 +100    Entry Signal

ADVFN – Report dei mercati 31/03/2014

MERCATO USA

Borsa Usa: indici chiudono in rialzo, acquisti su Microsoft. Brilla CBS Outdoor al debutto A New York i principali indici hanno chiuso l’ultima seduta della settimana in rialzo. Il Dow Jones ha guadagnato lo 0,36%, l’S&P500 lo 0,46% e il Nasdaq Composite lo 0,11%. Gli esperti dell’Universita’ del Michigan e di Reuters hanno rivisto in leggero rialzo la stima preliminare dell’indice sulla fiducia dei consumatori statunitensi del mese di marzo a 80 punti da 79,9 della lettura precedente. Le aspettative degli analisti erano fissate su un indice pari a 80,5 punti. I redditi personali sono cresciuti dello 0,3% anche nel mese di febbraio. Erano cresciuti a gennaio dello 0,3%. Le attese degli economisti erano tuttavia fissate su un incremento dello 0,2%. La spesa per consumi personali e’ risultata pari a +0,3% nel mese di febbraio, in linea con le attese e dopo una lettura pari al +0,2% nel mese di gennaio. Sul fronte societario Blackberry -7,07%. Il produttore di smartphone ha chiuso il quarto trimestre con una perdita di 423 milioni di dollari contro l’utile di 98 milioni di un anno prima. I ricavi sono diminuiti del 64% a 976 milioni mentre l’Eps adjusted è stato pari a -0,08 dollari. Nel periodo l’azienda canadese ha venduto 3,4 milioni di smartphone. Gli analisti avevano previsto un Eps di -0,56 dollari su ricavi per 1,17 miliardi. CBS Outdoor +5,36% al debutto. Il titolo della divisione pubblicitaria del colosso media CBS Corporation è stato collocato a 28 dollari per azione. Ford Motor +1,31%. Il gruppo automobilistico ha annunciato che investirà 500 milioni di dollari per modernizzare un impianto produttivo in Ohio (Stati Uniti). Red Hat -6,95%. Il distributore del sistema Linux ha chiuso il quarto trimestre con un utile di 45 milioni di dollari, in calo rispetto ai 52 milioni dello stesso periodo di un anno prima. I ricavi sono aumentati a 400 milioni da 347,9 milioni. L’Eps adjusted si è attestato a 0,39 dollari. Gli analisti avevano previsto un Eps di 0,37 dollari su ricavi per 398,8 milioni. Le previsioni per il trimestre in corso hanno deluso le attese. Microsoft +2,39%. Il Ceo Satya Nadella ha lanciato il pacchetto Office per l’iPad. Zynga -1,12%. Steven Cohen, fondatore dell’hedge fund SAC Capital Advisors, ha incrementato la quota nel produttore di giochi per social network al 5,3% del capitale. Wal-Mart -0,17%. Il colosso della distribuzione ha avviato un’azione legale contro il gruppo delle carte di credito Visa (-1,71%). Quest’ultima è accusata di aver gonfiato le commissioni sugli acquisti fatti con con carte di credito. Secondo il Wall Street Journal, Wal-Mart chiede danni per 5 miliardi di dollari. MERCATI ASIATICI Borsa di Tokyo positiva in attesa degli stimoli in Cina Nikkei positivo in avvio di ottava. L’indice giapponese ha chiuso le contrattazioni a quota 14827,83, in progresso dello 0,90%, avvicinandosi alla resistenza dei 15000 punti. Nonostante il risultato positivo, la reazione non basta a cancellare la debolezza dimostrata di recente e solo oltre questa soglia critica sarebbe lecito ipotizzare il ritorno a 16000 punti ed un allungo verso 16320, record di fine dicembre 2013. La mancata rottura di area 15000, seguita dal cedimento del supporto offerto in area 14200 dai minimi di marzo, metterebbe in seria discussione le prospettive di ripresa dell’indice. Se poi i prezzi dovessero scendere anche al di sotto del supporto critico dei 14000 punti, dove si colloca il 61,8% di ritracciamento del rialzo partito lo scorso giugno, verrebbero create le premesse per un affondo fino a 13613, per la copertura del gap rialzista del 3 settembre, preludendo ad un approfondimento fino ai minimi di giugno 2013 a 12415. Positivo anche il Topix che ha terminato la seduta a 1202,89 punti (+1,38%). Il Ministero dell’Economia, del Commercio e dell’Industria giapponese ha comunicato questa mattina la lettura preliminare sulla Produzione Industriale di febbraio. Tale rilevazione si e’ attestata al -2,3% m/m deludendo le stime degli addetti ai lavori fissate su una crescita pari allo 0,3%. A trainare al rialzo il listino giapponese, la speranza che la Cina possa offrire presto misure di stimolo all’economia favorendo le esportazioni. I titoli esportatori beneficiano quindi della debolezza dello yen e registrano performance positive: Nissan Motor Co sale del 2,22%, Honda Motor Co del 2,25%, Mazda Motor Corp del 4,33% e Fuji Heavy Industries del 3,37% . Inoltre, secondo il quotidiano Nikkei, Mitsubishi Motors (+2,18%) acquisterà un impianto automobilistico da Ford Motor nelle Filippine per circa 10 a 15 miliardi di yen (97 milioni dollari ). Moderato rialzo per le altre principali piazze asiatiche: Seoul guadagna lo 0,23%, a Hong Kong l’Hang Seng sale dello 0,13%. Ancora debole la borsa di Shanghai con l’indice che cede lo 0,16%.

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MERCATI EUROPEI

Borse europee positive, bene Novartis e Ing Le principali Borse europee hanno aperto la prima seduta dell’ottava in rialzo. Il Dax30 di Francoforte guadagna lo 0,33%, il Cac40 di Parigi lo 0,32%, il Ftse100 di Londra lo 0,54% e l’Ibex35 di Madrid lo 0,3%. Novartis +3%. Il trattamento contro l’insufficienza cardiaca cronica precoce sviluppato dal gruppo farmaceutico svizzero ha ottenuto risultati positivi in alcuni test sui pazienti. Ing +2,5%. Il colosso bancario olandese ha annunciato che tornerà a versare un dividendo nel 2015. Peugeot +0,3%. Carlos Tavares è stato nominato ufficialmente Ceo del costruttore francese di auto al posto di Philippe Varin. Banco Santander +0,2%. Deutsche Bank ha alzato il rating sul titolo del gruppo bancario spagnolo a hold da sell. APERTURA MERCATO ITALIANO Borsa italiana in verde, Ftse Mib +0,26%. In evidenza Banco Popolare, MPS e Maire Tecnimont Il Ftse Mib segna +0,26%, il Ftse Italia All-Share +0,30%, il Ftse Italia Mid Cap +0,57%, il Ftse Italia Star +0,39%. Borse europee in territorio positivo. Venerdì scorso a Wall Street l’S&P 500 ha chiuso a +0,46%, il Nasdaq Composite a +0,11% e il Dow Jones Industrial a +0,36%. I future sui principali indici USA al momento sono in rialzo dello 0,3%. A Tokyo il Nikkei 225 ha terminato a +0,90%, mentre a Hong Kong l’Hang Seng segna +0,29%. Ottimo inizio di settimana per i titoli del settore bancario. Brilla Banco Popolare (+5,1%) nel primo giorno dell’aumento di capitale da €1,5mld. Secondo indiscrezioni di stampa i fondi USA Blackrock e Och-Ziff avrebbero prenotato presso il consorzio di garanzia circa il 20% delle nuove azioni in offerta. Si parla anche di 3 soggetti ammessi alla data room per Release: Lone Star, Jwc e Fortress-Prelios. In ottima forma Banca MPS (+3,8%) favorita dalla discesa dello spread Btp-Bund sui minimi da giugno 2011. Si segnala anche che La Commissione Europea ha prescritto la nomina di un amministratore indipendente chiamato a monitorare il rispetto degli impegni presi per ottenere l’ok al piano di ristrutturazione. Positiva Moncler (+0,9%) in scia ai dati 2013: l’esercizio si è chiuso con ricavi pari a €580,6mln (+19% a/a) e un utile netto pari a €76,1mln, in forte progresso rispetto ai €28,8mln del 2012. Maire Tecnimont (+5,7% a 2,69 euro) in netto rialzo: Mediobanca ha migliorato il giudizio sul titolo da neutral a “outperform” (farà meglio del mercato/settore) e alzato il target price da 1,76 e 3,76.

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TITOLI DEL GIORNO

Con il superamento del picco di metà marzo a 4,20 euro, Snam ha inviato un segnale positivo che lascia ben sperare in un allungo verso area 4,30, top del 2011 e lato alto del canale che sale dai minimi dello scorso giugno. Nella direzione opposta sarebbero solo discese sotto la base del citato canale, in area 4,00, ad insinuare dei dubbi sulle possibilità di realizzazione di tali attese, spianando la strada a cali verso 3,82, in corrispondenza del 38,2% di ritracciamento del rialzo partito lo scorso giugno. Per chi volesse acquistare il titolo: intervenire sui livelli attuali per il test di 4,30, stop sotto 4,15 euro. Per chi detiene attualmente il titolo: mantenere le posizioni aperte sopra 4,00 euro con obiettivi a 4,30 euro. Tenaris ha completato il 21 marzo salendo sopra il top del 7 marzo a 15,50, ora supporto in caso di flessioni, il doppio minimo disegnatosi in area 14,80 da inizio marzo. La figura proietta in base alla sua ampiezza un target a 16,20, resistenza raggiungibile oltre 15,90, dove attualmente transita la media mobile a 50 giorni. Sopra 16,20 il target si porrebbe a 16,50, media a 200 giorni, posta centralmente rispetto all’ampio gap ribassista del 19 febbraio, lasciato tra 16,30 e 17,02. Solo sotto 15,50 rischio di nuovo test del supporto critico di 14,80 dove si colloca non solo il recente doppio minimo ma anche i minimi di febbraio, aprile e giugno 2013. Per chi volesse comprare il titolo attendere la rottura di 15,90, confermata in chiusura di seduta, per intervenire con target a 16,50, stop loss sotto 15,50. Per chi gia’ detiene il titolo mantenere subito sotto 15,50 lo stop per le posizioni in essere, incrementare sopra 16,20 per 16,50. Scenario grafico positivo per Unicredit che oscilla poco al di sotto dei recenti massimi allineati a 6,6350 euro in attesa dello spunto capace di riattivare la tendenza ascendente di fondo. Una vittoria confermata in chiusura di seduta oltre questo ultimo livello anticiperebbe infatti un allungo verso il top dell’ottobre 2011 a 7,01 circa, limite oltre il quale si aprirebbero ulteriori spazi di ascesa verso 7,80 e 8,60. Sotto 6,30 probabile un test dell’ex resistenza di area 6,15, riferimento determinante per scongiurare approfondimenti  sui 5,30/5,40. Per chi volesse acquistare il titolo: posizioni long oltre 6,6350 per 7,01, stop sotto 6,30. Per chi detiene attualmente il titolo: incrementare oltre 7,01 per 7,80 e 8,60, ridurre sotto 6,15 e uscire alla violazione di 5,30. DATI MACRO ATTESI Lunedì 31 marzo 2014 USA Orario italiano apertura mercati azionari torna alle 15:30; 01:50 GIA Produzione industriale (prelim.) feb; 08:00 GER Vendite al dettaglio feb; 08:45 FRA PIL t/t (finale) T4; 10:30 GB Credito al consumo feb; 11:00 EUR Inflazione (flash) mar; 11:00 ITA Inflazione (prelim.) mar; 15:45 USA Indice PMI (Chicago) mar; 15:55 USA Intervento Yellen (Fed).

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HEADLINES

Fluxys e Snam firmano memorandum d’intesa per unire i rispettivi asset internazionali in Europa Fluxys e Snam hanno concordato di valutare insieme la creazione di una società a controllo congiunto per la gestione integrata dei rispettivi asset internazionali detenuti in Europa. Il memorandum d’intesa firmato dalle Società sviluppa ulteriormente l’alleanza strategica siglata nel 2012 con l’obiettivo di perseguire opportunità di crescita attraverso progetti volti a migliorare la flessibilità e la sicurezza degli approvvigionamenti nelle infrastrutture del gas in Europa. . Secondo i termini del memorandum, la joint company attualmente allo studio combinerebbe, in particolare, gli asset internazionali di Fluxys e Snam situati nei corridoi energetici europei sud-nord ed est-ovest, ad esclusione dei rispettivi mercati nazionali delle Società (Belgio e Italia), con l’obiettivo di svolgere un ruolo chiave come facilitatore di una maggiore flessibilità e liquidità del mercato attraverso una migliore interconnessione delle reti gas a livello europeo. Moncler: utile sale a 76,1 milioni nel 2013, ricavi +19%. Proposto dividendo di 0,10 euro per azione Il Consiglio di Amministrazione di Moncler S.p.A. ha esaminato ed approvato il progetto di bilancio relativo all’esercizio 2013. Registrati Ricavi consolidati da EUR 580,6 milioni (+19%) e un EBIT Adjusted da Euro 172,5 milioni, in aumento del 18% rispetto ad Euro 145,8 milioni al 31 Dicembre 2012, con un’incidenza sui ricavi del 29,7% L’Utile netto Adjusted del gruppo si è attestato a Euro 96,3 milioni, in aumento del 17% rispetto ad Euro 82,4 milioni nel 2012. L’Utile netto complessivo di Moncler è stato pari a Euro 76,1 milioni rispetto a Euro 28,8 milioni nel 2012. A fine 2013 l’Indebitamento finanziario netto complessivo ammonta a Euro 171,1 milioni (Euro 230,1 milioni al 31 Dicembre 2012). Proposto dividendo di Euro 0,10 per azione (Euro 25 milioni) pari ad un payout ratio del 26% Pirelli: SocGen porta il prezzo obiettivo a 13,8 euro Gli analisti di SocGen hanno deciso di promuovere a buy il titolo Pirelli portando il prezzo obiettivo da 12 a 13,8 euro. Mediobanca alza la raccomandazione per Maire Tecnimont Gli analisti di Mediobanca alzano la raccomandazione per Maire Tecnimont a “outperform” da “neutral”, fissando un prezzo obiettivo a 3,4 euro dal precedente 1,76 euro. Apprezzato il rilancio della societa’, dopo il piano di ristrutturazione, che ha portato ad una crescita degli ordinativi (1,25 miliardi di euro di nuove commesse tra dicembre e febbraio). Finmeccanica si aggiudica contratto del valore di 1,2 miliardi di USD per la Metropolitana di Lima Finmeccanica, attraverso le controllate Ansaldo STS e AnsaldoBreda, si aggiudica un contratto del valore di 1,2 miliardi di USD per la metropolitana senza conducente di Lima, in Perù. Il contratto è relativo alla concessione da parte di ProInversion, società statale peruviana che agisce per conto del Ministero dei Trasporti e delle Telecomunicazioni, della Linea 2 e di un ramo della Linea 4 della metropolitana di Lima per 35 anni. PSA Peugeot Citroën: Carlos Tavares nominato ufficialmente Ceo Carlos Tavares è stato nominato ufficialmente Ceo di PSA Peugeot Citroën al posto di Philippe

3 Fed Myths Debunked – 03/30/2014

3 Fed Myths Debunked

by Mitch Zacks, Senior Portfolio Manager

For years now investors, analysts, pundits, plumbers and car mechanics (add any profession you’d like) have been arguing about the merits of what the Federal Reserve’s actions have done to the economy and the consequences they will lead to.

You can argue about the Government’s intervention and role they played leading up to the financial crisis, but I believe the Fed acted appropriately at the beginning to keep the crisis from getting worse than it did. The argument now seems to be about what the Fed’s exit strategy will be and the consequences of their actions over the last five years will lead to.

Many investors, incorrectly, believe the Fed’s actions will have dire consequences, even though their initial action probably saved the economy from more damages. There are more incorrect beliefs but I’ve listed three of the most common ones I hear.

When the Fed Prints Money, It Increases Money Supply

What the Fed has been doing with QE through QE3 is printing money. They are buying bonds with the goal of the money they are spending flooding the economy with cash and increase credit. Again, the goal is to get corporations and especially banks to spend this money. They want corporations to buy new technology and equipment to replace outdated technology and equipment they have been making do with since the recession.

The goal was for banks to start increasing their lending and getting the money to people who want to borrow to start small businesses, buy homes and other big ticket necessities. Unfortunately it has not worked out this way.

The Fed has no way to control money supply. Banks control approximately 90% of the money supply and the banks have NOT been lending, and thus, the money supply has not been growing for all these years QE has been in place.

QE Is Why the Stock Market is Up

When the Fed buys U.S. Treasuries and mortgage-backed securities, they are buying them mostly from banks. The problem with this is these banks are just re-depositing a vast majority of that money back into the Fed as excess reserves. The remaining money, for the most part is being invested in slightly riskier fixed income assets. These riskier assets are not equities because banks don’t want to get burned again like they did in 2008 and almost went out of business, like Bear Stearns and Lehman Brothers.

What QE has done is lift the confidence of investors by essentially saying “we won’t let 2008 happen again, so don’t be afraid.” It’s more psychology than it is a fundamental reason for the market going up.

Of course, psychology isn’t the only reason the market has soared in the last five years. Stocks were incredibly cheap at the beginning of 2009 and we experienced the very common rebound effect. Stocks hit a bottom and when all the bulls capitulate, the market roars back to life and experiences a huge upswing. But, that rebound effect is over. Fundamentals have taken over and are the main driver behind the advance in equities. GDP has grown for 5 straight years, corporate earnings are up and the market isn’t oversold.

The Fed is Going to Create Hyperinflation

With the Fed going on this bond-buying spree and trying to flood the economy with cheap money, surely inflation will follow. But, inflation is running just above 1%. So, how do those who predict high inflation justify their prediction? They say “it’s coming , someday.” I’ve even heard some say inflation is here now and the Fed is “cooking the books.” That seems like a tough proposition since we all know what we pay for everything and prices don’t seem to be moving in an upward trajectory. That’d be a pretty big conspiracy to pull off with a lot of moving parts, it just seems too far-fetched.

There really doesn’t seem to be any concern about inflation now or in the next few years. Afterall, all the “cheap money” being pumped into the economy hasn’t really made its way into the economy, it has been stuck at the banks. They are waiting for the yield curve to steepen so they can make more money lending on the long end and borrowing on the short end.

We will see inflation pick up, and that’s a good thing. It’s better than deflation. However, since QE hasn’t done what it’s supposed to do, I believe inflation will increase at a steady, measured pace that the market can easily digest.

Putting it All Together

The Fed has received a few accolades for avoiding a depression but in the last couple years they’ve felt more heat about the unintended consequences of what QE and leaving the short rate near zero will bring. But, there is only so much the Fed can do. If banks don’t want to lend, they won’t. Printing money in and of itself won’t cause hyperinflation. They don’t control the money supply, they only provide the tools for the economy to recover. The Fed is an easy scapegoat and they’ve made big mistakes in the past, but as of now, I haven’t seen them do anything catastrophic.

 

Quartz Daily Brief—Erdogan’s electoral win, Alibaba’s mall deal, Glencore’s iron dreams, cash-saving fonts

Good morning, Quartz readers!

What to watch for today

Apple and Samsung butt heads again. Jury selection begins in the latest patent lawsuit between the tech giants, with Apple accusing Samsung of stealing its “slide to unlock” feature, among others. Samsung is counter-suing, and says it licensed the necessary patents from Google (paywall).

Janet Yellen explains herself. Two weeks ago, the chair of the US Federal Reserve suggested that rates may rise as early as next spring. She has yet to offer any further details, but in a speech in Chicago, she may well do.

The specter of deflation in the euro zone. Analysts expect the flash consumer price index to drop to 0.6%. That would be the sixth straight sixth month in the European Central Bank’s “danger zone,” which might prompt some action from the bank at its Thursday policy meeting.

Obamacare’s enrollment deadline. After reaching its 6 million target last week, the US government expects to see almost 7 million people enrolled in Obamacare by the end of the day. People without insurance could be fined 1% of their income, but that isn’t prompting everyone to jump on board.

Over the weekend

Climate change is hitting the world’s food supply. Yields of the staple crops wheat, rice and corn have already declined due to hotter temperatures, an intergovernmental climate panel warned, with bigger declines to come.

Erdogan survived a vote. With two-thirds of the votes counted, the Turkish prime minister’s AK Party had around 45% compared to the opposition’s 27%. In a victory speech, the PM promised to make his opposition “pay,” presaging further purges in the military, police, judiciary, and the media.

Alibaba ventured offline. The Chinese online giant announced a $692 million investment in Intime Retail Group, which operates dozens of large shopping centres in China. The two companies will together create department stores, shopping malls, and supermarkets designed around the concept of online-to-offline retailing.

Huawei profits surged. The Chinese telecom equipment maker’s annual net income rose 36% to 21 billion yuan ($3.4 billion) as it became the second-largest smartphone maker behind Samsung and Apple.

Glencore got one step closer to its iron ore dream. The mining giant signed a $1 billion deal with Mauritania for access to its railway and port facilities (paywall), ending two years of negotiations. Iron ore is a key profit maker for Glencore’s rivals, and represents 25% of the west African country’s economy.

Taiwanese protestors said it with flowers. Wearing black and clutching sunflowers as symbols of hope, more than 100,000 people rallied in Taipei against a deal that would open up China-Taiwan trade.

Cuba took a giant leap towards capitalism. Havana’s rubber-stamp parliament approved a bill that halves taxes on profits to 15% and exempts new investors from paying taxes for eight years.

Quartz obsession interlude

Tim Fernholz on why the rich keep getting richer, as explained by pop culture. “Modern pop culture tends to portray America as a meritocracy, where people with special skills do well. [French economist Thomas] Piketty illustrates this by turning to American television, citing the medical mystery-solving of House, the forensic investigators of Bones, and the brainy politicos of West Wing, with a president who has won the economics Nobel […] This meritocratic pop culture is behind the times, Piketty argues.” Read more here.

Matters of debate

French food is a shadow of its former self. But foreigners are breathing new life into moribund cuisine.

We’re making a big mistake with big data. Massive “found” data sets are vulnerable to sample bias.

Pretentious job titles are worth something. Thanks to the rise of LinkedIn, your title is now more than ever a status symbol (paywall).

Hot streaks exist. Not just in sports—the concept of the hot hand works in finance, too.

Surprising discoveries

The US government could save $136 million a year if it switched to Garamond font. A 14-year-old kid from Pittsburgh figured it out.

Sparkling wine will get you drunkest on the fewest calories. These charts prove it.

You can tell a man’s intelligence by looking at his face. It doesn’t work on women, though.

This pill makes your brain return to a child-like state. It allows an adult to pick up new skills faster, which can help treat developmental disorders—and lazy eye.

Our best wishes for a productive day. Please send any news, comments, intelligent facial expressions, and skinny font suggestions to hi@qz.com. You can follow us on Twitter here for updates throughout the day.

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Chart Advisor for March 30 2014

Tickers in this Article QQQ, DIA, SPY, IWM

Major U.S. indices moved lower over the past week despite data showing the economy grew slightly faster than previously estimated in the fourth quarter. In addition to the better-than-expected reading, new jobless claims fell to a four-month low last week, suggesting the economy has plenty of momentum. The market shrugged off these gains amid concerns the Federal Reserve may raise interest rates sooner than expected based on comments from Chairwoman Janet Yellen.

International markets moved largely higher this week despite troubles in the U.S. market. Japan’s Nikkei 225 rose 2.32%; Britain’s FTSE 100 rose 0.48%; and, Germany’s DAX 30 rose 1.16%. In Asia, investors are still wondering whether Japan’s consumption tax hikes will impact its recovery. In the Eurozone, economic growth has continued to progress, although there remains a lot of progress to be made before the recovery has fully taken hold over the long-term.

SPDR S&P 500 (ARCA:SPY) The SPDR S&P 500 (ARCA:SPY) ETF fell 0.84% this week as of Thursday’s close. After moving off its highs, the index moved closer toward its 50-day moving average at 182.77 and the middle of its price channel. Traders should watch for a breakdown toward its lower trend line at 178.00 or a rebound to retest its highs. Looking at technical indicators, the RSI appears relatively neutral at 46.66 but the MACD remains in a long-term bearish downtrend. SEE: Top Reasons Forex Traders Fail

SPDR Dow Jones Industrial Average (ARCA:DIA) The SPDR Dow Jones Industrial Average (ARCA:DIA) ETF fell 0.26% this week as of Thursday’s close. After bouncing off its upper trend line and prior high, the index moved closer to its 50-day moving average at 160.57. Traders should watch for a rebound from these levels toward its upper trend line or a move down to its S1 support and lower trend line at around 155.62. Looking at technical indicators, the RSI appears neutral at 51.74 but the MACD remains in a downtrend.

PowerShares QQQ (NASDAQ:QQQ) The PowerShares QQQ (Nasdaq:QQQ) ETF fell 2.37% this week as of Thursday’s close. After moving below its 50-day moving average at 88.62, the index fell below its pivot point and lower trend line at around 88.03. Traders should watch for a further move below S1 support at 85.31 or a rebound to retest its lower trend line. Looking at technical indicators, the RSI appears oversold at 37.25 while the MACD remains in a bearish downtrend that’s confirmed by the price channel breakdown.

iShares Russell 2000 (NYSE:IWM) The iShares Russell 2000 (NYSE:IWM) ETF fell 3.66% this week as of Thursday’s close. After reaching its upper trend line, the index fell sharply lower past its 50-day moving average at 115.21 to its pivot point at 114.20. Traders should watch for a continued move down to its S1 support and lower trend line at 110.01 or a rebound higher to retest its upper trend line. Looking at technical indicators, the RSI appears oversold at 38.93 while the MACD remains in a bearish downtrend.

The Bottom Line The major U.S. indices moved largely lower this week as of Thursday’s close. While the S&P 500 SPDR and the DJIA SPDR saw only modest declines, the Nasdaq QQQ and the Russell 2000 Index saw steeper declines. Next week, traders will be watching a number of key economic indicators including the ISM Index on April 1st, International Trade and Jobless Claims on April 3rd, and Employment Data on April 4th, in addition to any comments out of the Federal Reserve. Charts courtesy of StockCharts.com. Justin Kuepper has many years of experience in the market as an active trader and a personal retirement accounts manager. Disclosure – At the time of writing, the author did not own shares of any company mentioned in this article.

Weekly Energy Stock Channel Newsletter 28/03/2014

			Weekly Newsletter
	Weekly DividendRank Energy Toplists & Energy ETF Movers

Energy Prices

Looking at energy prices this week, oil moved higher, with WTI Crude currently at $101.70/barrel, up $2.15 (+2.2%) compared to $99.55 on 03/21, and Brent Crude currently at $108.07/barrel, up $0.96 (+0.9%) from $107.11 on 03/21. And turning to Natural Gas, the current spot price of $4.51/MMBtu, has Natural Gas up $0.19 from $4.32 on 03/21, a week over week gain of +4.4%.

Energy ETF Movers

The Oil Services ETF (OIH) outperformed other Energy ETFs this week, up about 2.8%. Components of that ETF showing particular strength this week include shares of Carbo Ceramics (CRR), up about 12.2% and shares of Schlumberger (SLB), up about 5.8% on the week.

And underperforming other Energy ETFs this week is the Solar Energy ETF (KWT), down about 5.7% this week. Among components of that ETF with the weakest showing for the week were shares of Renesola (SOL), lower by about 14.7%, and shares of Trina Solar (TSL), lower by about 12.7% on the week.

Other ETF standouts this week include the iShares Global Energy ETF (IXC), outperforming this week with a 2.8% gain. And the PowerShares WilderHill Clean Energy Portfolio (PBW) was an underperformer, falling about 5.3% this week.

 

 

DividendRank Energy Toplists

At sister site Dividend Channel, we screen through our coverage universe of dividend paying stocks each week, and we look at a variety of data — dividend yield, book value, quarterly earnings — and compare it to the stock’s trading data to come up with certain calculations about profitability and about the stock’s valuation (whether we think it looks ”cheap” or ”expensive”).

History has shown that the bulk of the stock market’s returns are delivered by dividends, and so we pay special attention to dividend history. And of course, only consistently profitable companies can afford to keep paying dividends, so profitability is of critical importance. Dividend investors should be most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation — maybe there is a company-specific reason causing the stock to be ”cheap” or maybe the entire sector is taking a hit, but whatever the reason, we think there is great value in ranking the Energy Stock Channel coverage universe weekly using our proprietary DividendRank formula, and sharing the list of the week’s top ranked energy stocks with our subscribers.

These are the energy stocks our DividendRank system has identified as the top most ”interesting” in the Energy, Utilities, and MLPs categories … this is meant purely as a research tool to generate ideas that merit further research.

 

Energy

DividendRank Symbol Dividend Recent Yield*  #1 ARP M 2.32 11.05%  #2 CZZ A 0.30 2.72%  #3 SEP Q 2.19 4.60%  #4 LNCO M 2.90 10.77%  #5 BBEP M 1.97 9.84%  #6 CLMT Q 2.74 10.78%  #7 LINE M 2.90 10.42%  #8 SDRL Q 3.92 11.44%  #9 ESV Q 3.00 5.71%  #10 SDR Q 2.27 31.26%  #11 ECT Q 1.45 16.65%  #12 EVEP Q 3.08 9.21%  #13 TCP Q 3.24 6.86%  #14 KMP Q 5.44 7.40%  #15 NKA Q 1.40 9.93%

 

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Utilities

DividendRank Symbol Dividend Recent Yield*  #1 ELP A 0.24 1.86%  #2 SGU Q 0.33 5.61%  #3 APL Q 2.48 7.91%  #4 AT M 0.40 14.04%  #5 VZ Q 2.12 4.45%  #6 T Q 1.84 5.27%  #7 PNY Q 1.28 3.67%  #8 SWX Q 1.46 2.76%  #9 APU Q 3.36 7.94%  #10 AVA Q 1.27 4.26%  #11 SJI Q 1.89 3.41%  #12 BIP Q 1.92 4.93%  #13 SPH Q 3.50 8.56%  #14 DGAS Q 0.76 3.65%  #15 HTCO Q 0.60 4.67%

 

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MLPs

DividendRank Symbol Dividend Recent Yield*  #1 ARP M 2.32 11.05%  #2 SEP Q 2.19 4.60%  #3 BBEP M 1.97 9.84%  #4 APL Q 2.48 7.91%  #5 EVEP Q 3.08 9.21%  #6 TCP Q 3.24 6.86%  #7 KMP Q 5.44 7.40%  #8 NKA Q 1.40 9.93%  #9 LGCY Q 2.36 9.34%  #10 EEP Q 2.17 8.09%  #11 MEMP Q 2.20 9.77%  #12 GLP Q 2.45 6.92%  #13 ETP Q 3.68 6.90%  #14 APU Q 3.36 7.94%  #15 ARLP Q 4.79 5.79%

*(updated 10 hours, 35 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

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Weekly ETF Channel Newsletter 28/03/2014

			Weekly ETF Newsletter
	The ETF Week in Review

	The FTSE Andean 40 ETF (AND) outperformed other ETFs this week, up about 6.6%. Components of that ETF showing particular strength this week include shares of Ecopetrol (EC), up about 8.6% and shares of Enersis (ENI), up about 8.2% on the week.And underperforming other ETFs this week is the Gold Explorers ETF (GLDX), down about 8.9% this week. Among components of that ETF with the weakest showing for the week were shares of Lydian International (LYD.CA), lower by about 22.5%, and shares of Gold Canyon Resources (GCU.CA), lower by about 18.6% on the week. Other ETF standouts this week include the iShares Latin America 40 ETF (ILF), outperforming this week with a 6% gain. And the Solar Energy ETF (KWT) was an underperformer, falling about 6.2% this week.       This Week’s Top 20 ETFs Ranked By Weighted Average Broker Rating of Underlying ComponentsEach week, ETF Channel forms this rank by first looking at the analyst opinions from the major brokerage houses (which are tallied and averaged) for each individual component of each ETF. Then, for each ETF, those average broker ratings are considered as a weighted average according to the weighting of each of the ETF’s components — this gives the average broker rating for the entire ETF based upon its holdings. The ETF coverage universe is then ranked to give us the weekly top five ETFs by weighted average broker rating of underlying components. These rankings are meant as a tool for investors to generate ideas for further research. Rank ETF Stars (out of 4) #1 QQQC – NASDAQ China Technology 3.57  #2 GXC – SPDR S&P China 3.49  #3 YAO – Guggenheim China All-Cap 3.49  #4 BJK – Gaming 3.38  #5 PGJ – PowerShares Golden Dragon China 3.35  #6 CQQQ – Guggenheim China Technology 3.33  #7 JKE – iShares Morningstar Large-Cap Growth 3.30  #8 BIB – Proshares Ultra Nasdaq Biotechnology 3.30  #9 HAO – Guggenheim China Small Cap 3.29  #10 PNQI – PowerShares NASDAQ Internet 3.29  #11 IBB – iShares Nasdaq Biotechnology 3.29  #12 PTH – PowerShares DWA Healthcare Momentum 3.27  #13 ACWX – iShares MSCI ACWI ex U.S. 3.26  #14 RYJ – Guggenheim Raymond James SB-1 Equity 3.24  #15 XBI – SPDR S&P Biotech 3.24  #16 FEM – First Trust Emerging Markets AlphaDEX 3.24  #17 PWB – PowerShares Dynamic Large Cap Growth 3.24  #18 BSCG – Guggenheim BulletShares 2016 Corporate Bond 3.23  #19 FNI – First Trust ISE Chindia 3.23  #20 MTUM – iShares MSCI USA Momentum Factor 3.23  List of all ranked ETFs » ETF Channel’s proprietary calculations are based on underlying ETF holdings and Zacks ABR data; powered by Xignite. Not all ETFs are ranked, nor are all underlying holdings. Rankings are for informational purposes only and do not constitute advice. Full disclaimer   SPONSORED AREA[LAST CHANCE] March Special – Can You Use an Extra $20 Bucks? Can you use an extra $20 bucks… what about $20,198.16 this year? Free Report! I’m EXPOSING the secret “rich” people use to make money in 2014. You can do it too… and make an extra $20,198.16! I’ll show you how to do it… and it doesn’t involve shady “loans”… selling your stuff online… or flipping real estate. Get the FREE report right here. Hurry, we’re forced to pull the report down soon. Top Yielding ETFs Rank ETF ETF Category Net Assets Recent Yield*  #1 iShares Mortgage Real Estate Capped ETF (REM) Real Estate 1.14B 14.62%   #2 Mortgage REIT Income ETF (MORT) Income 98.78M 13.98%   #3 SPDR S&P International Telecommunications Sector ETF (IST) Technology 30.31M 12.97%   #4 iShares International Developed Real Estate ETF (IFGL) Real Estate 692.42M 11.92%   #5 SuperIncome Preferred ETF (SPFF) Income 85.55M 7.11%   #6 Guggenheim S&P Global Dividend Opportunities Index ETF (LVL) Income 89.44M 6.79%   #7 SPDR S&P International Dividend ETF (DWX) Global 1.37B 6.78%   #8 iShares B – Ca Rated Corporate Bond ETF (QLTC) Corporate Debt 10.56M 6.75%   #9 WisdomTree Middle East Dividend Fund (GULF) Middle East 53.37M 6.64%   #10 SuperDividend ETF (SDIV) Income 847.36M 6.58%   #11 Junior MLP ETF (MLPJ) Energy 14.52M 6.37%   #12 SPDR Wells Fargo Preferred Stock ETF (PSK) Income 240.90M 6.36%   #13 iShares Asia Developed Real Estate ETF (IFAS) Asia 26.70M 6.35%   #14 iShares U.S. Preferred Stock ETF (PFF) Income 8.97B 6.33%   #15 High-Yield Municipal Index ETF (HYD) Municipal Bonds 851.37M 6.15%   #16 PowerShares Financial Preferred Portfolio (PGF) Income 1.42B 6.15%   #17 iShares Emerging Markets High Yield Bond ETF (EMHY) Emerging Markets 179.11M 6.03%   #18 International High Yield Bond ETF (IHY) Blended Debt 159.03M 5.98%   #19 iShares Morningstar Multi-Asset Income ETF (IYLD) Income 108.15M 5.95%   #20 Multi-Asset Diversified Income Index Fund (MDIV) Income 570.75M 5.94%   Top Yielding SPDRs ETFs Rank ETF ETF Category Net Assets Recent Yield*  #1 SPDR S&P International Telecommunications Sector ETF (IST) Technology 30.31M 12.97%   #2 SPDR S&P International Dividend ETF (DWX) Global 1.37B 6.78%   #3 SPDR Wells Fargo Preferred Stock ETF (PSK) Income 240.90M 6.36%   #4 SPDR Barclays High Yield Bond ETF (JNK) Corporate Debt 10.09B 5.90%   #5 SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD) Corporate Debt 17.70M 5.64%   #6 SPDR STOXXEurope 50 ETF (FEU) Europe 226.79M 5.34%   #7 SPDR S&P Emerging Markets Dividend ETF (EDIV) Emerging Markets 458.19M 5.30%   #8 SPDR Barclays Short Term High Yield Bond ETF (SJNK) Corporate Debt 3.69B 5.26%   #9 SPDR Dow Jones International Real Estate ETF (RWX) Real Estate 4.14B 4.87%   #10 SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB) Municipal Bonds 212.57M 4.85%   #11 SPDR Barclays Long Term Corporate Bond ETF (LWC) Blended Debt 86.08M 4.64%   #12 SPDR Nuveen Barclays Build America Bond ETF (BABS) Municipal Bonds 46.65M 4.45%   #13 SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR) Corporate Debt 28.70M 4.34%   #14 SPDR S&P Small Cap Emerging Asia Pacific ETF (GMFS) Asia 4 4.07%   #15 SPDR SSgA Income Allocation ETF (INKM) Income 95.54M 3.97%   #16 SPDRS&PGlobal Infrastructure ETF (GII) Utilities 84.74M 3.96%   #17 SPDR S&P International Utilities Sector ETF (IPU) Utilities 59.54M 3.80%   #18 SPDR Dow Jones Global Real Estate ETF (RWO) Real Estate 1.07B 3.76%   #19 SPDR S&P Russia ETF (RBL) Russia 17.10M 3.63%   #20 Utilities Select Sector SPDR Fund (XLU) Utilities 5.45B 3.61%     SPONSORED AREA[LAST CHANCE] March Special – Can You Use an Extra $20 Bucks? Can you use an extra $20 bucks… what about $20,198.16 this year? Free Report! I’m EXPOSING the secret “rich” people use to make money in 2014. You can do it too… and make an extra $20,198.16! I’ll show you how to do it… and it doesn’t involve shady “loans”… selling your stuff online… or flipping real estate. Get the FREE report right here. Hurry, we’re forced to pull the report down soon. Top Yielding iShares ETFs Rank ETF ETF Category Net Assets Recent Yield*  #1 iShares Mortgage Real Estate Capped ETF (REM) Real Estate 1.14B 14.62%   #2 iShares International Developed Real Estate ETF (IFGL) Real Estate 692.42M 11.92%   #3 iShares B – Ca Rated Corporate Bond ETF (QLTC) Corporate Debt 10.56M 6.75%   #4 iShares Asia Developed Real Estate ETF (IFAS) Asia 26.70M 6.35%   #5 iShares U.S. Preferred Stock ETF (PFF) Income 8.97B 6.33%   #6 iShares Emerging Markets High Yield Bond ETF (EMHY) Emerging Markets 179.11M 6.03%   #7 iShares Morningstar Multi-Asset Income ETF (IYLD) Income 108.15M 5.95%   #8 iShares iBoxx $ High Yield Corporate Bond ETF (HYG) Corporate Debt 13.30B 5.94%   #9 iShares Asia/Pacific Dividend ETF (DVYA) Asia 45.77M 5.70%   #10 iShares International Preferred Stock ETF (IPFF) Income 29.56M 5.62%   #11 iShares Global High Yield Corporate Bond ETF (GHYG) Corporate Debt 91.99M 5.47%   #12 iShares MSCI Australia Small-Cap ETF (EWAS) Southeast Asia – Australia 2.08M 5.11%   #13 iShares Global ex USD High Yield Corporate Bond ETF (HYXU) Corporate Debt 134.04M 4.86%   #14 iShares Emerging Markets Dividend ETF (DVYE) Income 169.65M 4.85%   #15 iShares 10+ Year Credit Bond ETF (CLY) Corporate Debt 283.80M 4.76%   #16 iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) Emerging Markets 3.60B 4.70%   #17 iShares Core Long-Term U.S. Bond ETF (ILTB) Government Debt 29.26M 4.63%   #18 iShares MSCI Australia ETF (EWA) Southeast Asia – Australia 1.77B 4.59%   #19 iShares International Select Dividend ETF (IDV) Income 3.43B 4.41%   #20 iShares MSCI Belgium Capped ETF (EWK) Europe 73.88M 4.39%   Top Yielding PowerShares ETFs Rank ETF ETF Category Net Assets Recent Yield*  #1 PowerShares Financial Preferred Portfolio (PGF) Income 1.42B 6.15%   #2 PowerShares Global Listed Private Equity Portfolio (PSP) Global 566.59M 4.82%   #3 BLDRS Developed Markets 100 ADR Index Fund (ADRD) Global 55.57M 4.76%   #4 BLDRS Europe Select ADR Index Fund (ADRU) Europe 18.20M 4.64%   #5 PowerShares International Dividend Achievers Portfolio (PID) Global 1.09B 3.80%   #6 PowerShares High Yield Equity Dividend Achievers Portfolio (PEY) Income 369.38M 3.36%   #7 BLDRS Emerging Markets 50 ADR Index Fund (ADRE) Emerging Markets 199.50M 2.72%   #8 PowerShares S&P Emerging Markets High Beta Portfolio (EEHB) Emerging Markets 6.10M 1.82%   #9 PowerShares Fundamental Pure Large Core Portfolio (PXLC) Growth 38.01M 1.69%   #10 PowerShares Fundamental Pure Large Value Portfolio (PXLV) Value 14.35M 1.68%   #11 PowerShares Dynamic Large Cap Value Portfolio (PWV) Value 767.58M 1.66%   #12 PowerShares Dividend Achievers Portfolio (PFM) Income 339.75M 1.63%   #13 PowerShares S&P International Developed Low Volatility Portfolio (IDLV) Global 163.75M 1.59%   #14 PowerShares S&P 500 High Quality Portfolio (SPHQ) Growth 342.84M 1.34%   #15 PowerShares Fundamental Pure Mid Growth Portfolio (PXMG) Growth 90.36M 1.27%   #16 PowerShares FTSE RAFI US 1000 Portfolio (PRF) Growth 3.12B 1.22%   #17 PowerShares Fundamental Pure Mid Value Portfolio (PXMV) Value 41.53M 1.13%   #18 PowerShares S&P Emerging Markets Low Volatility Portfolio (EELV) Emerging Markets 214.85M 1.01%   #19 PowerShares Global Short Term High Yield Bond Portfolio (PGHY) 29.71M 1%   #20 PowerShares Senior Loan Portfolio (BKLN) Blended Debt 7.43B 1%     SPONSORED AREA[LAST CHANCE] March Special – Can You Use an Extra $20 Bucks? 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Top Yielding WisdomTree ETFs Rank ETF ETF Category Net Assets Recent Yield*  #1 WisdomTree Middle East Dividend Fund (GULF) Middle East 53.37M 6.64%   #2 WisdomTree Emerging Markets Local Debt Fund (ELD) Blended Debt 944.62M 5.42%   #3 WisdomTree Emerging Markets Corporate Bond Fund (EMCB) Corporate Debt 104.42M 5.16%   #4 WisdomTree DEFA Equity Income Fund (DTH) Value 301.17M 4.02%   #5 WisdomTree Australia Dividend Fund (AUSE) Income 54.62M 3.82%   #6 WisdomTree Emerging Markets Equity Income Fund (DEM) Emerging Markets 3.80B 3.69%   #7 WisdomTree Global ex-US Utilities Fund (DBU) Utilities 30.63M 3.68%   #8 WisdomTree Global Equity Income Fund (DEW) Global 121.80M 3.60%   #9 (DOO) Global 347.44M 3.58%   #10 (DOL) Global 308.64M 3.41%   #11 WisdomTree Global Corporate Bond Fund (GLCB) Corporate Debt 7.49M 3.38%   #12 WisdomTree Equity Income Fund (DHS) Value 777.28M 3.36%   #13 (CHXF) Asia 17.07M 3.34%   #14 WisdomTree DEFA Fund (DWM) Value 561.89M 3.32%   #15 Asia Pacific ex-Japan ETF (AXJL) Asia 54.95M 3.19%   #16 WisdomTree Global Natural Resources Fund (GNAT) Commodities 21.94M 3.19%   #17 WisdomTree Dividend ex-Financials Fund (DTN) Income 1.12B 3.18%   #18 WisdomTree Europe SmallCap Dividend Fund (DFE) Europe 1.41B 3.09%   #19 WisdomTree Global ex-US Real Estate Fund (DRW) Real Estate 129.11M 3.04%   #20 Emerging Markets SmallCap ETF (DGS) Emerging Markets 1.77B 3.00%   Top Yielding Vanguard ETFs Rank ETF ETF Category Net Assets Recent Yield*  #1 Vanguard Emerging Markets Government Bond ETF (VWOB) 52.36M 4.89%   #2 Vanguard Long-Term Corporate Bond ETF (VCLT) Corporate Debt 168.99M 4.76%   #3 Vanguard Long-Term Bond ETF (BLV) Blended Debt 583.86M 4.33%   #4 Vanguard Extended Duration Treasury ETF (EDV) Government Debt 199.18M 3.67%   #5 Vanguard Utilities ETF (VPU) Utilities 1.90B 3.52%   #6 Vanguard Telecommunication Services ETF (VOX) Technology 624.88M 3.36%   #7 Vanguard Long-Term Government Bond ETF (VGLT) Government Debt 68.98M 3.36%   #8 Vanguard Intermediate-Term Corporate Bond ETF (VCIT) Corporate Debt 531.61M 3.25%   #9 Vanguard High Dividend Yield ETF (VYM) Income 10.68B 3.06%   #10 Vanguard Intermediate-Term Bond ETF (BIV) Blended Debt 3.38B 2.67%   #11 Vanguard Consumer Staples ETF (VDC) Consumer 1.84B 2.55%   #12 Vanguard Mega Cap Value ETF (MGV) Value 887.42M 2.44%   #13 Vanguard Value ETF (VTV) Value 12.68B 2.38%   #14 Vanguard Total Bond Market ETF (BND) Blended Debt 19.56B 2.20%   #15 Vanguard Mortgage-Backed Securities ETF (VMBS) Mortgage Backed Securities 410.07M 2.11%   #16 Vanguard Dividend Appreciation ETF (VIG) Income 22.60B 2.10%   #17 Vanguard Financials ETF (VFH) Financial 2.08B 2.05%   #18 Vanguard Mega Cap ETF (MGC) Growth 991.37M 1.98%   #19 Vanguard S&P 500 ETF (VOO) North America 16.35B 1.97%   #20 Vanguard Energy ETF (VDE) Energy 3.12B 1.96%   *(updated 27 minutes ago) Yield calculations vary and may not be reliable nor comparable; yield may be expressed as SEC 30-day yield, annualized yield based on most recent distribution, trailing twelve month yield, or reported yield. Not all ETFs are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

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Weekly Metals Channel Newsletter 28/03/2014

			Newsletter
	Weekly DividendRank Metals Toplists & Metals ETF Movers

Metals Prices

Looking at metals prices this week, gold moved lower, with spot prices currently at $1,292.97/ounce, down $41.48 (-3.1%) compared to $1,334.45 on 03/21. Silver is currently trading at $19.85/ounce, down $0.47 (-2.3%) from $20.32 on 03/21. And turning to copper, the current spot price of $3.04/pound, has copper up $0.05 from $2.99 on 03/21, a week over week gain of +1.7%.

Metals ETF Movers

The Copper Miners ETF (COPX) outperformed other Metals ETFs this week, up about 4.1%. Components of that ETF showing particular strength this week include shares of Capstone Mining (CS.CA), up about 9.1% and shares of Copper Mountain Mining (CUM.CA), up about 5.3% on the week.

And underperforming other Metals ETFs this week is the Junior Gold Miners ETF (GDXJ), down about 8.1% this week. Among components of that ETF with the weakest showing for the week were shares of Alexco Resource (AXU), lower by about 27%, and shares of Lydian International (LYD.CA), lower by about 22.5% on the week.

Other ETF standouts this week include the Steel ETF (SLX), outperforming this week with a 2.1% gain. And the Gold Miners ETF (GDX) was an underperformer, falling about 7.6% this week.

 

 

DividendRank Metals Toplist

At sister site Dividend Channel, we screen through our coverage universe of dividend paying stocks each week, and we look at a variety of data — dividend yield, book value, quarterly earnings — and compare it to the stock’s trading data to come up with certain calculations about profitability and about the stock’s valuation (whether we think it looks ”cheap” or ”expensive”).

History has shown that the bulk of the stock market’s returns are delivered by dividends, and so we pay special attention to dividend history. And of course, only consistently profitable companies can afford to keep paying dividends, so profitability is of critical importance. Dividend investors should be most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation — maybe there is a company-specific reason causing the stock to be ”cheap” or maybe the entire sector is taking a hit, but whatever the reason, we think there is great value in ranking the Metals Channel coverage universe weekly using our proprietary DividendRank formula, and sharing the list of the week’s top ranked metals stocks with our subscribers.

These are the metals stocks our DividendRank system has identified as the top most ”interesting” in the Metals and Mining category … this is meant purely as a research tool to generate ideas that merit further research.

 

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Metals & Mining

DividendRank Symbol Dividend Recent Yield*  #1 CALVF Q 0.06 7.85%  #2 FCX Q 1.25 3.86%  #3 CLV Q 1.75 8.39%  #4 ARLP Q 4.79 5.79%  #5 AHGP Q 3.31 5.39%  #6 PAAS Q 0.50 3.85%  #7 RNO Q 1.78 13.31%  #8 CMP Q 2.40 2.95%  #9 SXCP Q 1.90 6.37%  #10 ATI Q 0.72 1.93%  #11 CNX Q 0.25 0.61%  #12 KALU Q 1.40 1.97%  #13 NRP Q 1.40 8.68%  #14 ACO Q 0.80 1.75%  #15 RS Q 1.40 2.02%

*(updated 8 hours ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

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