Monday, August 10, 2015


Chart of the Day - US Concrete $USCR

The Chart of the Day belongs to US Concrete (USCR).  I found the concrete products stock by using  Barchart to sort today's All Time Highlist for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 7/13 the stock gained 32.38%.

U.S. Concrete Inc. operates as a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States. The Company operates in two segments: ready-mixed concrete and concrete-related products; and precast concrete. The Company's ready-mixed concrete and concrete-related products segment produces and sells ready-mixed concrete, aggregates (crushed stone, sand and gravel), concrete masonry and building materials. Its precast concrete products segment produces and sells precast concrete products. Markets served by the Company include west Texas, northern California, New Jersey, New York, Washington, D.C., Oklahoma and the mid-Atlantic region. U.S. Concrete Inc. is based in Houston, Texas, USA.

Ttechnical indicators:
  • 100% Barchart technical buy signals
  • 120.60+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10  new highs and up 42.15% in the last month
  • Relative Strength Index 83.92%
  • Barchart computes a technical support level at 44.32
  • Recenlty traded at 83.92 with a 50 day moving average of 53.19
Fundamental factors:
  • Market Cap $757.96 million
  • P/E 20.92
  • Revenue expected to grow 30.90% this year and another 16.30% next year
  • Earnings estimated to increase 26.20% this year and compound at an annual rate of 15.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy and 2 buy recommendations

Tesla $TSLA burns cash, loses more than $4,000 on every car sold

It's crunch time for Tesla Motors.
    The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets for this year and next. Chief Executive Elon Musk said he's considering options to raise more capital, and didn't rule out selling more stock.
    Musk has taken investors on a thrill ride since taking Tesla public in 2010. Now he's given himself a deadline, promising that by the first quarter of 2016 Tesla will be making enough money to fund a jump from making one expensive, low volume car to mass producing multiple models, and expanding a venture to manufacture electric power storage systems. (more)

US Weekly Economic Calendar

time (et) report period ACTUAL forecast previous
  None scheduled        
6 am NFIB small business index July   -- 94.1
8:30 am Productivity 2Q   1.7% -3.1%
8:30 am Unit labor costs 2Q   -0.1% 6.7%
10 am Wholesale inventories June   -- 0.8%
10 am Job openings June   -- 5.4 mln
2 pm Federal budget July   -- -$95 bln
8:30 am Weekly jobless claims Aug. 8   269,000 270,000
8:30 am Retail sales July   0.7% -0.3%
8:30 am Retail sales ex-autos July   0.5% -0.1%
8:30 am Import price index July   -- -0.1%
10 am Business inventories June   0.3% 0.3%
8:30 am Producer price index July
0.1% 0.4%
9:15 am Industrial production July   0.4% 0.2%
9:15 am Capacity utilization July   78.1% 77.8%
10 am Consumer sentiment Aug.   94.0 93.1