Help Lines 954-785-1121
 


You are not logged in. Upgrade Here
 <<<Previous Mid Day Report     Next Mid Day Report >>> 
 <<<Previous After Market Report Next After Market Report >>> 
You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - WEDNESDAY, MAY 6TH, 2015
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  -86.22 17,841.98 -0.48% Volume 802,740,300 +4% Volume 1,978,125,410 +6%
NASDAQ -19.69 4,919.64 -0.40% Advancers 1,012 32% Advancers 1,333 41%
S&P 500 -9.31 2,080.15 -0.45% Decliners 2,103 66% Decliners 1,767 55%
Russell 2000 +3.94 1,219.36 +0.32% 52 Wk Highs 26   52 Wk Highs 32  
S&P 600 +1.49 702.81 +0.21% 52 Wk Lows 85   52 Wk Lows 86  

Breadth Negative as Major Averages Fell Again

The major averages lost ground on Wednesday, however the small-cap indices outperformed and posted modest gains. The Dow declined 86 points to 17,841. The S&P 500 shed 9 points to 2,080. The NASDAQ Composite lost 20 points to finish at 4,919. The volume totals were reported higher than the prior session totals on the Nasdaq exchange and on the NYSE, a sign of heavier selling pressure from the institutional crowd. Breadth was negative as decliners led advancers by a 2-1 margin on the NYSE and by nearly 3-2 on the Nasdaq exchange.  Leadership contracted as there were 14 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the prior session total of 21 stocks. New 52-week lows expanded and again outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were gains for 7 of the 12 high-ranked companies currently on the Featured Stocks Page.

Concerning the M criteria, the major averages recently endured distributional pressure and leadership (stocks hitting new 52-week highs) waned, putting the rally under pressure. New buying efforts should only be made in stocks meeting all of the fundamental and technical guidelines the fact-based investment system.

 

PICTURED: The S&P Small Cap 600 Index recently slumped below its 50-day moving average (DMA) line with volume-driven losses.

The major averages fell for a second day following disappointing economic data. A report before the open showed private payrolls rose 169,000 in April, below a projected 200,000 gain. Another release revealed U.S. productivity declined during the first-quarter. Weakness was also attributed to Fed Chair Janet Yellen raising concerns over equity and bond market valuations.

On the earnings front, Herbalife (HLF +16.46%) rallied after raising its full-year guidance. News Corp (NWS -6.34%) fell as quarterly results missed consensus estimates.

In M&A news, Alexion Pharmaceuticals (ALXN -8.03%) ended lower after agreeing to buy Synageva BioPharma for $8.4 billion. Western Union (WU +4.30%) rose after refuting a report it was considering a merger with rival MoneyGram.

Technology contributed the most to Wednesday's retreat. Microsoft (MSFT -2.77%) was lower on continued speculation it is considering a bid to buy Salesforce.com (CRM +1.43%). Consumer staples were the relative outperformer led by tobacco stocks. Phillip Morris (PM +1.28%) and Reynolds American (RAI +2.49%) rose.

Treasuries retreated on the session. Benchmark 10-year notes fell a point and 14/32 to yield 2.99%. In commodities, NYMEX WTI crude gained 0.3% to $60.58/barrel. COMEX gold slipped 0.2% to $1191.30/ounce.

The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert.  See the Premium Member Homepage for archives to all prior pay reports published.


Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.


Biotech Gains Helped Small-Cap Indices Outpace Major Averages

The Biotechnology Index ($BTK +0.69%) eked out a modest gain while the Semiconductor Index ($SOX -0.14%) and the Networking Index ($NWX -0.14%) both ended the session slightly in the red. The  Retail Index ($RLX -0.06%) finished flat and modest losses from financials weighed on the major averages as the  Broker/Dealer Index ($XBD -0.48%) and the Bank Index ($BKX -0.40%) both edged lower. The Gold & Silver Index ($XAU -1.91%) was a standout decliner. Energy-related shares had a slightly negative bias as the Integrated Oil Index ($XOI -0.32%) and the Oil Services Index ($OSX -0.13%) both edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX -0.13%) has recently rebounded near its 200-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  224.02 -0.30 -0.13% +6.24%
Integrated Oil $XOI  1,406.31 -4.45 -0.32% +4.32%
Semiconductor $SOX  687.45 -0.95 -0.14% +0.08%
Networking $NWX  375.03 -0.52 -0.14% +4.77%
Broker/Dealer $XBD  190.32 -0.92 -0.48% +3.08%
Retail $RLX  1,128.29 -0.68 -0.06% +9.25%
Gold & Silver $XAU  71.54 -1.39 -1.91% +4.01%
Bank $BKX  74.31 -0.30 -0.40% +0.07%
Biotech $BTK  3,858.97 +26.39 +0.69% +12.21%


Fundamental Flaw Arose After Sub Par Earnings News

Akamai Technologies Inc (AKAM -$0.32 or -0.42% to $75.04) held its ground today, ending with a small loss on lighter (near average) volume. It recently reported earnings +5% on +16% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns. The new fundamental flaw makes it a less favorable buy candidate under the fact-based investment system's guidelines. The 3 prior quarterly comparisons were near or above  the +25% minimum guideline (C criteria).

AKAM churned heavy volume last week while retreating from its 52-week high. Prior reports cautioned - "It did not produce gains above the pivot point backed by at least the +40% above average volume necessary to trigger a new (or add-on) technical buy signal. Its 50 DMA line defines near-term support to watch."

The high-ranked Internet - Network Solutions firm was last shown in this FSU section on 4/13/15 with annotated graphs under the headline, "Quietly Consolidating Above 50-Day Moving Average Line", Now it is consolidating well above its 50-day moving average (DMA) line ($72.23) defining near-term support to watch on pullbacks. It was first highlighted in yellow with pivot point based on its 11/28/14 high plus 10 cents in the 2/13/15 mid-day report (read here).  Its annual earnings (A criteria) history has been steady.  The number of top-rated funds owning its shares rose from 941 in Mar '14 to 1,094 in Mar '15, a reassuring sign concerning the I criteria.


Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
AKAM - NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services  
$75.04 -0.32
-0.42%

$75.62

1,524,691
102.53% of 50 DAV
50 DAV is 1,487,000
$77.31
-2.94%
4/20/2015 $73.53 PP = $73.63
MB = $77.31
Most Recent Note - 5/6/2015 6:46:00 PM
G - Reported earnings +5% on +16% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria), a fundamental flaw making it a less favorable buy candidate. See the latest FSU analysis for more details and new annotated graphs. Prior reports cautioned - "It did not produce gains above the pivot point backed by at least the +40% above average volume necessary to trigger a new (or add-on) technical buy signal. Its 50 DMA line defines near-term support to watch."
>>> FEATURED STOCK ARTICLE : Fundamental Flaw Arose After Sub Par Earnings News - 5/6/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized  
$73.47 +0.95
1.31%

$73.64

706,648
42.65% of 50 DAV
50 DAV is 1,657,000
$77.80
-5.57%
5/1/2015 $75.99 PP = $77.49
MB = $81.36
Most Recent Note - 5/5/2015 6:01:32 PM
Y - Pulled back today, and it reversed into the red on the prior session after touching a new 52-week high. Highlighted in yellow and pivot point is cited based on its 3/31/15 high plus 10 cents. Subsequent volume-driven gains may trigger a new (or add-on) technical buy signal. Found support when recently consolidating above its 50 DMA line ($70.29) defining important near term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High, Extended From Prior Base - 4/20/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
APOG - NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials  
$53.45 +0.12
0.23%

$53.86

131,349
54.73% of 50 DAV
50 DAV is 240,000
$55.36
-3.45%
4/9/2015 $49.58 PP = $48.13
MB = $50.54
Most Recent Note - 5/6/2015 6:48:30 PM
G - Volume totals have been cooling while consolidating, extended from its prior base. Prior highs in the $48 area and its 50 DMA line coincide defining important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Near Its All-Time High, Extended From Prior Base - 5/5/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$66.41 +0.61
0.93%

$67.70

448,801
106.10% of 50 DAV
50 DAV is 423,000
$70.49
-5.79%
3/27/2015 $61.97 PP = $63.60
MB = $66.78
Most Recent Note - 5/6/2015 6:51:51 PM
G - Still consolidating near its "max buy" level today. Prior highs in the $63.50 area define near-term support above its 50 DMA line ($63.79).
>>> FEATURED STOCK ARTICLE : Consolidating Following Latest Volume-Driven Breakout - 4/28/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$153.21 -1.43
-0.92%

$155.36

468,278
80.38% of 50 DAV
50 DAV is 582,600
$165.67
-7.52%
5/1/2015 $155.23 PP = $160.50
MB = $168.53
Most Recent Note - 5/6/2015 10:14:00 AM
G - Color code is changed to green after slumping below support at its 50 DMA line ($154.73) with today's 4th consecutive loss raising concerns. Only a prompt rebound above the 50 DMA line would help its outlook improve. Technically, it broke out on 4/23/15 with a volume-driven gain for new highs, and healthy stocks rarely fall more than -7% below their pivot point in favorable market environments. Reported earnings +29% on +64% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Testing Support at 50-Day Moving Average Line - 5/1/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
GSBC - NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans  
$38.69 -0.02
-0.05%

$39.21

29,413
86.51% of 50 DAV
50 DAV is 34,000
$41.41
-6.57%
4/27/2015 $40.94 PP = $40.54
MB = $42.57
Most Recent Note - 5/6/2015 6:53:43 PM
Y - Recent slump below its pivot point raised concerns. Pulling back after triggering a technical buy signal on 4/28/15 with a gain above its pivot point backed by +47% above average volume. Consolidating near its 50 DMA line ($38.62) which defines near-term support. Disciplined investors always limit losses if a stock falls more than -7% from their purchase price. Annual earnings (A criteria) have not been strong and steady.
>>> FEATURED STOCK ARTICLE : Distributional Action Today and Annual Earnings History a Concerrn - 4/27/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen  
$162.02 -1.47
-0.90%

$164.47

341,722
122.48% of 50 DAV
50 DAV is 279,000
$174.83
-7.33%
2/3/2015 $156.95 PP = $154.66
MB = $162.39
Most Recent Note - 5/5/2015 6:03:56 PM
G - Damaging loss today with above average volume violated its 50 DMA line triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook. Earnings rose +147% on +16% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Found Support Again at 50-Day Moving Average Line - 4/24/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line  
$98.49 +1.05
1.08%

$98.70

2,416,682
65.71% of 50 DAV
50 DAV is 3,678,000
$108.50
-9.23%
4/15/2015 $100.75 PP = $108.60
MB = $114.03
Most Recent Note - 5/4/2015 5:39:19 PM
Y - Down on lighter volume today, still finishing above its 50 DMA line. Faces overhead supply up through the $108 level which may act as resistance. Recent lows near $93.50 and its $93.05 low on 3/26/15 define important chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : Forming New Base Above 50-Day Moving Average Line - 4/16/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$145.80 -1.23
-0.84%

$147.51

1,215,692
83.61% of 50 DAV
50 DAV is 1,454,000
$158.24
-7.86%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
Most Recent Note - 5/5/2015 6:07:51 PM
Y - Slumped below prior highs in the $150 area, testing near important support at its 50 DMA line ($145.43). Volume totals have been below average while consolidating since triggering a new technical buy signal with a volume-driven gain on 4/21/15. Subsequent damaging losses below the 50 DMA line may trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 4/17/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
QLYS - NASDAQ
Qualys Inc
Computer Sftwr-Security  
$37.74 +0.71
1.92%

$38.20

2,052,070
324.69% of 50 DAV
50 DAV is 632,000
$55.47
-31.96%
4/8/2015 $52.04 PP = $50.10
MB = $52.61
Most Recent Note - 5/6/2015 6:55:43 PM
Recently reported Mar '15 earnings +200% on +23% sales revenues but gave disappointing guidance. Gapped down on 5/05/15, violating its 50 DMA line and undercutting prior lows with a damaging volume-driven loss, triggering technical sell signals. It will be dropped from the Featured Stocks list tonight
>>> FEATURED STOCK ARTICLE : Quiet Consolidation Within 5% of Prior Pivot Point - 4/29/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
SWKS - NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir  
$94.57 -0.06
-0.06%

$95.49

4,253,583
87.68% of 50 DAV
50 DAV is 4,851,000
$102.77
-7.98%
5/1/2015 $97.51 PP = $102.87
MB = $108.01
Most Recent Note - 5/5/2015 6:06:23 PM
Y - Sputtered to a close just below its 50 DMA line ($95.08) while building on a riskier "late-stage" base pattern and its color code is changed to green. Subsequent volume-driven gains above the pivot point are still needed to trigger a technical buy signal. Reported earnings +85% on +58% sales revenues for the Mar '15 quarter, continuing its streak of quarterly comparisons with earnings well above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Found Prompt Support at 50-Day Moving Average Line - 5/4/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$216.26 -2.98
-1.36%

$220.09

1,113,684
38.11% of 50 DAV
50 DAV is 2,922,000
$227.76
-5.05%
1/5/2015 $144.84 PP = $149.90
MB = $157.40
Most Recent Note - 5/4/2015 5:40:27 PM
G - Paused at all-time highs after 4 consecutive volume-driven gains. Found prompt support its 50 DMA line recently but it did not form a sound base. Completed a new Public Offering on 3/17/15. Reported earnings +34% on +16% sales revenues for the Mar '15 quarter, an improvement after Dec '14 earnings below the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Perched at All-Time High But Concerns Remain After Sub Par Quarter - 4/14/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup

THESE ARE NOT BUY RECOMMENDATIONS!  Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. This site is not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time.  Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.

Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

Copyright © 1996-2024 Gruneisen Growth Corp. All rights reserved. Protected by the copyright laws of the United States and Canada and by international treaties

Privacy Policy | Terms of Use | Contact Us