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AFTER MARKET UPDATE - TUESDAY, MAY 7TH, 2013
Previous After Market Report Next After Market Report >>>
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DOW |
+87.31 |
15,056.20 |
+0.58% |
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Volume |
636,602,230 |
+3% |
|
Volume |
1,649,506,320 |
+12% |
|
NASDAQ |
+3.66 |
3,396.63 |
+0.11% |
|
Advancers |
2,308 |
73% |
|
Advancers |
1,541 |
60% |
|
S&P 500 |
+8.46 |
1,625.96 |
+0.52% |
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Decliners |
745 |
24% |
|
Decliners |
930 |
36% |
|
Russell 2000 |
+8.02 |
967.82 |
+0.84% |
|
52 Wk Highs |
467 |
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|
52 Wk Highs |
234 |
|
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S&P 600 |
+5.41 |
543.07 |
+1.01% |
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52 Wk Lows |
11 |
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52 Wk Lows |
15 |
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Dow Jones Industrial Average and S&P 500 Index Both Hit New Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks gained ground in Tuesday's session. The Dow set a fresh record high as it rose 87 points to 15,056. The S&P 500 Index closed at an all-time high for the fourth consecutive day as it gained over 8 points to 1,625. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange indicating an increase in institutional buying interest. Breadth was positive as advancers led decliners by 3-1 on the NYSE and 3-2 on the Nasdaq exchange. There were 90 high-ranked companies from the CANSLIM.net Leaders List making new 52-week highs and appearing on the CANSLIM.net BreakOuts Page, up from the prior session total of 73 stocks. New 52-week highs totals expanded and solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. There were gains for 9 of the 13 high-ranked companies currently included on the Featured Stocks Page.
With no major economic data for a second day, investors focused on another batch of earnings reports. DirecTV (DTV +6.88%) rallied after handily beating analyst estimates thanks to better-than-expected growth in Latin America. Energy stocks were led higher by EOG Resources Inc (EOG +7.66%) advance after posting strong earnings results and an encouraging five-year outlook. Overall, nearly every sector finished higher. Telecommunications was the best performing group as Verizon Communications Inc (VZ +1.67%) and AT&T Inc (T +1.16%) rose. Materials and Industrials also helped pace the advance as Mosaic increased (MOS +1.78%) and FedEx Corp (FDX +3.42%). Technology stocks took a breather following a three-day rally as Apple Inc (AAPL -0.45%) and Adobe Systems Inc (ADBE -1.91%) fell.
In fixed-income, Treasuries extended their losing streak and a government auction of 3-year notes garnered weaker than average demand. The 10-year note lost 6/32 to yield 1.78% and the 30-year bond declined 13/32 to yield 3.00%.
The market (M criteria) saw an expansion in leadership (stocks hitting new 52-week highs) that reassured investors a confirmed uptrend is at hand. Watch for new stocks featured in the CANSLIM.net Mid-Day BreakOuts Report. Action-worthy leaders are covered on an ongoing basis with the latest notes and additional resource links included on the Featured Stocks Page. Watch for an announcement via email concerning the next WEBCAST. The webcast will also be available via an updated link highlighted at the top of the Premium Member Homepage.
PICTURED: The Dow Jones Industrial Average closed above the psychologically important 15,000 level. The Blue Chip Index has a +14.89% gain year-to-date. Its recent gains into new high territory have come on light or near average volume. Found support well above its 50-day moving average (DMA) line. The indices' rally to new highs confirmed the market's uptrend which means odds are favorable for new buying efforts in stocks meeting all of the fact-based investment system's key criteria.
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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. |
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Bank, Energy, Retail and Networking Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +1.04%) tallied a solid gain while the Broker/Dealer Index ($XBD -0.09%) ended with a small loss. Energy-related shares rose as the Integrated Oil Index ($XOI +0.29%) and the Oil Services Index ($OSX +0.81%) posted gains. The Retail Index ($RLX +0.41%) edged higher and the Networking Index ($NWX +0.99%) led the tech sector higher, meanwhile the Semiconductor Index ($SOX +0.03%) and the Internet Index ($IIX -0.01%) finished flat. Medical-related shares were mixed as the the Healthcare Index ($HMO +0.62%) tallied a gain and the Biotechnology Index ($BTK -0.58%) fell. The Gold & Silver Index ($XAU -2.39%) was a standout laggard with a big loss.
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -0.58%) stayed above its 50-day moving average (DMA) line throughout its ongoing advance.
| Oil Services |
$OSX |
259.70 |
+2.08 |
+0.81% |
+17.96% |
| Healthcare |
$HMO |
3,007.32 |
+18.52 |
+0.62% |
+19.61% |
| Integrated Oil |
$XOI |
1,394.39 |
+4.05 |
+0.29% |
+12.28% |
| Semiconductor |
$SOX |
453.62 |
+0.15 |
+0.03% |
+18.11% |
| Networking |
$NWX |
229.71 |
+2.24 |
+0.99% |
+1.39% |
| Internet |
$IIX |
371.45 |
-0.03 |
-0.01% |
+13.59% |
| Broker/Dealer |
$XBD |
116.97 |
-0.11 |
-0.09% |
+24.00% |
| Retail |
$RLX |
765.81 |
+3.16 |
+0.41% |
+17.26% |
| Gold & Silver |
$XAU |
105.15 |
-2.57 |
-2.39% |
-36.50% |
| Bank |
$BKX |
58.28 |
+0.60 |
+1.04% |
+13.65% |
| Biotech |
$BTK |
1,935.85 |
-11.31 |
-0.58% |
+25.13% |
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Forming New Base and Fundamentals Remain Strong
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Often, when a leading stock is setting up to breakout of a solid base it is highlighted in CANSLIM.net's Mid-Day Breakouts Report. The most relevant factors are noted in the report which alerts prudent CANSLIM oriented investors to place the issue in their watch list. After doing any necessary backup research, the investor is prepared to act after the stock triggers a technical buy signal (breaks above its pivot point on more than +50% average turnover) but before it gets too extended from a sound base. In the event the stock fails to trigger a technical buy signal and its price declines then it will simply be removed from the watch list. Disciplined investors know to buy as near as possible to the pivot point and avoid chasing stocks after they have rallied more than +5% above their pivot point. It is crucial to always limit losses whenever any stock heads the wrong direction, and disciplined investors sell if a struggling stock ever falls more than -7% from their purchase price.
Nationstar Mtg Hldgs Inc (NSM +$2.25 or +5.96% to $39.99) was highlighted in yellow with new pivot point cited based on its 2/15/13 high plus 10 cents in the earlier mid-day report (read here) and it has returned to the Featured Stocks list. Its fundamentals remain favorable with respect to the C and A criteria. Today it gapped up nearly challenging its 52-week high and previously stubborn resistance in the $41-42 area with a considerable volume-driven gain. It still faces some resistance due to overhead supply. Disciplined investors will watch for convincing proof of fresh institutional buying demand to trigger a new technical buy signal before taking action.
Nationstar's last appearance in this FSU section with an annotated graph was on 10/11/12 under the headline, "Upward Trendline and 50-Day Moving Average Define Support to Watch". A steep upward trendline connecting July-September lows defined a near-term support level to watch above its 50-day moving average (DMA) line, and subsequent violations raised concerns and triggered technical sell signals. It found support above its 200-day moving average (DMA) line during its latest consolidation. It reported strong earnings and sales increases for the Mar '13 quarter well above the +25% minimum guideline (C criteria), continuing its strong earnings growth history. Today the Finance - Mortgage Related Services group has a mediocre Group Relative Strength Rating of C, however leadership from at least one other high-ranked company in the group is a reassuring sign concerning the L criteria. NSM has attracted increasing ownership interest from top-rated funds, rising from 119 funds in Jun '12 to 204 in Mar '13, a reassuring sign concerning the I criteria.
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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 |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$13.77
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-0.93
-6.33% |
$14.70
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1,193,339
250.18% of 50 DAV
50 DAV is 477,000
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$16.00
-13.94%
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5/6/2013
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$15.31
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PP = $16.10
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MB = $16.91
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Most Recent Note - 5/7/2013 10:11:09 AM
Y - Pulling back today with volume running at an above average pace. May spend more time basing as it was noted that it faces resistance due to overhead supply up through the $16 level. Found encouraging support at its 50 DMA line and flashed above average volume behind recent gains while building on a new base. Volume-driven gains above the new pivot point are needed to trigger a new technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/6/2013. Click here.
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C
A N
S L
I M
|
CELG
-
NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major
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$121.67
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+0.45
0.37% |
$123.30
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3,328,056
103.64% of 50 DAV
50 DAV is 3,211,200
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$128.52
-5.33%
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3/27/2013
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$113.24
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PP = $115.54
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MB = $121.32
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Most Recent Note - 5/6/2013 6:33:38 PM
G - Found support at its 50 DMA line as it managed a positive reversal on 5/02/13. That session's low ($114.05) defines important near-term support below its short-term average. It is extended from any sound base pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/19/2013. Click here.
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C
A N
S L
I M
|
CMCSA
-
NASDAQ
Comcast Corp Cl A
MEDIA - CATV Systems
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$43.05
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+0.27
0.63% |
$43.25
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9,158,932
74.08% of 50 DAV
50 DAV is 12,364,000
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$42.84
0.49%
|
12/3/2012
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$37.08
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PP = $38.06
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MB = $39.96
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Most Recent Note - 5/6/2013 11:41:09 AM
G - Reported earnings +13% on +3% sales revenues for the Mar '13 quarter, the 2nd consecutive quarterly comparison with earnings well below the +25% minimum guideline (C criteria). Despite fundamental concerns repeatedly noted it has found recent support near its 50 DMA line and is perched at its 52-week high.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/16/2013. Click here.
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C
A N
S L
I M
|
EQM
-
NYSE
E Q T Midstream Partners
ENERGY - Oil and Gas Pipelines
|
$47.17
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-0.45
-0.94% |
$48.04
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52,736
65.67% of 50 DAV
50 DAV is 80,300
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$48.40
-2.54%
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4/25/2013
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$40.16
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PP = $40.84
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MB = $42.88
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Most Recent Note - 5/6/2013 6:25:39 PM
G - Hit another new 52-week high with lighter than average volume behind today's 2nd consecutive gain. Prior highs in the $40 area define initial support to watch above its 50 DMA line on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/25/2013. Click here.
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C
A N
S L
I M
|
FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
|
$82.17
|
+0.20
0.24% |
$82.50
|
988,836
114.44% of 50 DAV
50 DAV is 864,100
|
$85.56
-3.96%
|
3/21/2013
|
$71.14
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PP = $73.00
|
|
MB = $76.65
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Most Recent Note - 5/3/2013 12:24:34 PM
G - Gapped up today and hit a new high, getting more extended from any sound base pattern. Its 50 DMA line and recent low ($70.09) define near-term support where violations would raise more serious concerns and trigger worrisome technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/15/2013. Click here.
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C
A N
S L
I M
|
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 |
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
|
$180.65
|
+3.73
2.11% |
$181.17
|
3,321,130
142.03% of 50 DAV
50 DAV is 2,338,400
|
$202.91
-10.97%
|
4/12/2013
|
$182.69
|
PP = $184.25
|
|
MB = $193.46
|
Most Recent Note - 5/6/2013 6:38:26 PM
G - Held its ground today near its 50 DMA line. Gapped down on 5/03/13 undercutting prior highs in the $184 area with heavy volume behind a damaging loss. Reported earnings +200% on +72% sales revenues for the Mar '13 quarter.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/29/2013. Click here.
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C
A N
S L
I M
|
MRLN
-
NASDAQ
Marlin Business Services
DIVERSIFIED SERVICES - Rental and Leasing Services
|
$25.90
|
+0.00
0.00% |
$25.97
|
8,795
32.70% of 50 DAV
50 DAV is 26,900
|
$25.97
-0.27%
|
3/15/2013
|
$22.29
|
PP = $23.18
|
|
MB = $24.34
|
Most Recent Note - 5/6/2013 6:40:04 PM
G - Traded further above its "max buy" level with today's 3rd consecutive gain backed by lighter than average volume. No resistance remains due to overhead supply. Prior highs in the $23 area define support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/2/2013. Click here.
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C
A N
S L
I M
|
N
-
NYSE
Netsuite Inc
DIVERSIFIED SERVICES - Business/Management Services
|
$89.80
|
+0.34
0.38% |
$90.03
|
239,050
64.57% of 50 DAV
50 DAV is 370,200
|
$91.02
-1.34%
|
12/12/2012
|
$64.75
|
PP = $67.12
|
|
MB = $70.48
|
Most Recent Note - 5/3/2013 6:22:48 PM
G - Hit another new all-time high with today's gain. Its 50 DMA line defines important near-term support to watch. Reported earnings -33% on +32% sales revenues for the Mar '13 quarter, marking a 2nd consecutive quarterly comparison with earnings below the +25% minimum guideline (C criteria).
>>> The latest Featured Stock Update with an annotated graph appeared on 4/22/2013. Click here.
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C
A N
S L
I M
|
NSM
-
NYSE
Nationstar Mtg Hldgs Inc
FINANCIAL SERVICES - Credit Services
|
$39.99
|
+2.25
5.96% |
$41.00
|
3,064,685
299.99% of 50 DAV
50 DAV is 1,021,600
|
$42.24
-5.33%
|
5/7/2013
|
$39.71
|
PP = $42.34
|
|
MB = $44.46
|
Most Recent Note - 5/7/2013 6:03:30 PM
Y - Highlighted in yellow with annotated daily graph and a new pivot point cited based on its 2/15/13 high plus 10 cents in the earlier mid-day report (read here). Fundamentals remain favorable with respect to the C and A criteria. See the latest FSU analysis for more details and an annotated weekly graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/7/2013. Click here.
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C
A N
S L
I M
|
PRAA
-
NASDAQ
Portfolio Recovery Assoc
DIVERSIFIED SERVICES - Business/Management Services
|
$141.76
|
+2.51
1.80% |
$141.84
|
77,852
110.74% of 50 DAV
50 DAV is 70,300
|
$140.98
0.55%
|
5/1/2013
|
$130.77
|
PP = $127.88
|
|
MB = $134.27
|
Most Recent Note - 5/3/2013
G - Spiked further into new high territory while adding to its streak of volume-driven gains including the previously noted "breakaway gap". It is extended from any sound base and prior highs near $127 define near-term support to watch on pullbacks. Reported earnings +54% on +21% sales revenues for the Mar '13 quarter.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/1/2013. Click here.
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C
A N
S L
I M
|
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 |
PRLB
-
NYSE
Proto Labs Inc
MANUFACTURING - Small Tools and Accessories
|
$54.59
|
+0.09
0.17% |
$55.55
|
217,292
39.80% of 50 DAV
50 DAV is 546,000
|
$55.93
-2.40%
|
5/3/2013
|
$54.77
|
PP = $54.01
|
|
MB = $56.71
|
Most Recent Note - 5/3/2013 6:56:01 PM
Y - Highlighted in yellow in the earlier mid-day report, it posted a gain above the previously cited pivot point backed by +47% above average volume while hitting a new 52-week high triggering a technical buy signal. Reported earnings +46% on +24% sales revenues for the Mar '13 quarter, continuing its strong growth trend satisfying the C criteria. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/3/2013. Click here.
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C
A N
S L
I M
|
RRTS
-
NYSE
Roadrunner Trans Systems
TRANSPORTATION - Air Delivery and Freight Service
|
$24.99
|
-0.35
-1.38% |
$25.74
|
200,555
107.48% of 50 DAV
50 DAV is 186,600
|
$25.43
-1.73%
|
4/3/2013
|
$22.77
|
PP = $23.75
|
|
MB = $24.94
|
Most Recent Note - 5/6/2013 6:28:37 PM
G - Color code is changed to green after rallying beyond its "max buy" level with today's 3rd consecutive gain backed by above average volume.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/23/2013. Click here.
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$74.07
|
+0.65
0.89% |
$74.47
|
719,933
49.22% of 50 DAV
50 DAV is 1,462,600
|
$76.57
-3.26%
|
4/30/2013
|
$60.24
|
PP = $76.66
|
|
MB = $80.49
|
Most Recent Note - 5/6/2013 6:35:45 PM
Y- Sub par earnings for the Mar '13 quarter below the +25% minimum guideline (C criteria) raised fundamental concerns. Its 50 DMA line defines important near-term support above the recent low ($69.87 on 4/04/13). Subsequent violations may trigger technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/30/2013. Click here.
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C
A N
S L
I M
|
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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.
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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
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