Each week I use BarChart to step back from all the noise and evaluate how the market really performed and determine my investing strategy for the coming week. I like the Value Line Index because it contains 1700 stocks giving me a much broader view of the market instead of the more narrow S&P 500 or the very narrow Dow 30. The market as measured by the Value Line Index was up 3.60% for the week and 8.32% month to date. With only 4 more trading days left we should end the year on a good note.
Value Line Index -- 1700 stocks -- All indicators are positive
1 - All 13 BarChart technical indicators have a buy rating for a 100% buy rating overall [more]
I was screening on BarChart for another addition to the Van Meerten/BarChart New High portfolio -- VMNHI when I came across Sandisk Corp -- SNDK. Sandisk Corporation designs, manufactures, and markets flash memory storage products that are used in a wide variety of electronic systems. The company have designed flash memory storage solutions to address the storage requirements of emerging applications in the consumer electronics and industrial/communications markets. Its products are used in a number of rapidly growing consumer electronics applications, such as digital cameras, personal digital assistants, portable digital music players,digital video recorders and smart phones. Look under your Christmas tree and I bet a gift under it contains a component made by them.
SNDK has had 17 price advances in the last 20 sessions and is 5 for 5 recently. A 65 day price appreciation of 47.39% is in the ball park I like. 13 of 13 BarChart technical indicators give the stock a 100% buy rating.
Wall Street brokerages have recently given out 2 new recommendations of Buy at ThinkEquity and Outperform at JMP Securities. Analysts look for a 17.56% increase in revenue next year and a 16.25% annual increase in EPS for the next 5 years.
Other sites give confirmation: Wall Street Survivor has a 5/5 Survivor Sentiment, 4/5 fundamental rating and a 5/5 technical rating. Motley Fool members think the stock will out perform the market with a vote of 1612 to 130. The All Stars confirm also by a vote of 416 to 28.
What's not to like?
1 - BarChart rating of 100% buy and 17 of 20 sessions of price increases [more]
There was a little room in the Van Meerten/BarChart New High portfolio --VMNHI so as always I used BarChart to screen for the stocks trading above 100K shares a day that were hitting new highs with the highest frequency. After additional screening EXCO Resources -- XCO was my favorite.
EXCO Resources, Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties. EXCO targets acquisitions of onshore, North American oil and natural gas properties, with particular emphasis on Appalachia, Eastern and Western Texas, Mid Continent and the Rocky Mountain regions. The Company's primary goal is to build value for our shareholders by acquiring quality properties and to enhance the value of assets through control of operations, property development and reduction of costs. A US energy play sounds good to me.
On BarChart the stock has hit 17 price advances in the last 20 trading sessions and is 5 for 5 recently. I like the 47.08% price appreciation in the last 65 days. Of BarChart's 13 technical indicators there is a buy on 12 with the other a hold for a 96% overall buy rating.
There are 13 Wall Street brokerage firms with recommendations on this stock and they have 10 buy and 3 hold recommendations out.
On other sites Motley Fool members think this stock will outperform the market by a vote of 388 to 18 with the All Stars voting 85 to 2. The Wall Street columnists have 9 buys to 1 sell but the only sell was Jim Cramer on March 2006 and he hasn't revisited that recommendation lately. The stock is up 79.26% since he last looked at it. Wall Street Survivor has a Survivor Sentiment of 5/5, a fundamental rating of 5/5 and a technical rating of 5/5.
This stock has everything I like for the short run:
1 - BarChart rating of better than 80% and hitting new highs more than 50% of the recent sessions [more]
On Monday December 11 in my article Cedar Fair: Add some fun to your portfolio, I told you that there was unexplained price action in this stock and that such price action sometimes meant a favorable press release or acquisition announcement was pending. I advised buying around 9 with a protective stop loss at 8 in case something happened.
Below is today's press release. If you bought at 9 and your shares are acquired from you at 11.50 you have 2.50 per share profit. 2.50/9 = 22.78% profit. Not bad for a 10 day investment.
Merry Christmas - now pay off your credit card with these profits so you won't have to worry about how to pay for all those presents under the tree.
Cedar Fair LP, the owner of Kings Island theme park in Mason, will be acquired by Apollo Global Management under a definitive merger agreement announced Wednesday.
Apollo, a private equity firm, will pay $11.50 in cash for each limited partnership unit, for a total of about $2.4 billion, according to a news release. Shares of Cedar Fair (NYSE: FUN) opened at $9.08 Thursday.
The deal is subject to approval by unit-holders, as well as regulatory approvals and other conditions. Pending those approvals, the deal will close by the beginning of second-quarter 2010, Cedar Fair said.
The company can also solicit other proposals from third parties for 40 days, under the terms of the agreement.
At the deal’s completion, Cedar Fair will become a private company, owned by an Apollo affiliate.
“We have considered a wide range of strategic alternatives over the past several years,” said Dick Kinzel, chairman, president and CEO of Cedar Fair, in the release. “After considering these strategic alternatives, we have concluded that the transaction with Apollo is in the best interest of our unit-holders.”
Apollo Global Management, with offices in New York, Los Angeles, London, Singapore, Frankfurt and Mumbai, has more than $51 billion in assets under management.
Cedar Fair posted third-quarter net income of $107.6 million, or $1.92 per share, compared to $91.5 million, or $1.65 per share in the year-ago quarter. Total net revenues fell to $519.9 million from $540.3 million. The company said in November that it would suspend its dividend beginning in 2010 to pay down short-term debt.
Cedar Fair (NYSE: FUN), headquartered in Sandusky, is a publicly traded partnership that owns and operates 11 amusement parks, six outdoor waterparks, one indoor waterpark and five hotels in eight states and Ontario. The company acquired Kings Island in June 2006, as part of its $1.24 billion purchase of Paramount Parks.
Jim Van Meerten is an investor who writes on financial matters here and on Financial Tides. Please leave a comment below or email FinancialTides@gmail.com
Disclosure: I hold no positions in this stock at time of publication [more]
I still have some room in my VMSLO fund and after screening on BarChart for stocks hitting new highs that trade below 100K per day came up with Energy Income & Growth Fund -- FEN. Not all my plays are for price appreciation only. Sometimes you need to look at total return. This stock has doubled in price this year and still pays a 7.50% dividend. Energy is where it's at.
The fund is a closed-end fund which invests in Master Limited Partnerships of energy related companies. Some of what you are paying for is expertise in this area.
On a technical side BarChart show this stock has had price appreciation in 15 of the last 20 trading sessions and is 5 for 5 recently. It has had a 17.25% price appreciation in the last 65 days and almost doubled in price this year. There are buy signals on 13 of BarChart's 13 technical indicators for a 100% buy rating.
Over on Motley Fool CAPS members think the fund will beat the S&P 500 by a vote of 48 to 8 with the All Stars in agreement 13 to 1.
Recommendation: I'm adding Energy Income & Growth -- FEN to my Marketocracy portfolio VMSLO around 23.80 with a stop loss no lower than 22.
Jim Van Meerten is an investor who writes on financial matters here and on Financial Tides. Please leave a comment below or email FinancialTides@gmail.com
Disclosure: no positions in FEN at time of publication [more]
I needed a stock for my more speculative Financial Tides/BarChart model portfolio VMSLO on Marketocracy so I used BarChart to screen for stocks hitting the most new highs trading under 100K shares per day. After doing some screening National Presto Industries -- NPK came up as my pick.
National Presto Industries manufactures and distributes small electrical appliances and housewares, including comfort appliances, pressure cookers and canners, private label and premium sales products. Electrical appliances and housewares sold by the company include pressure cookers and canners; the Presto Control Master heat control single thermostatic control line of fry pans in several sizes, griddles and combination griddle/warmers and multi-purpose cookers; deep fryers of various sizes; can openers, slicer/shredders; electric heaters; corn poppers. I don't know about you but over the years I've acquired several of their gadgets.
On BarChart NPK has had price appreciation in 14 of the last 20 trading sessions and more recently 5 of the last 5. It has enjoyed a 30.58% price appreciation in the last 65 days. BarChart's technical indicators have 13 of 13 buy signals for a 100% buy rating.
Only one Wall Street brokerage firm has a recommendation on the stock and they have a strong buy recommendation. They estimate a 11.3% increase in sales and a 6.4% increase in EPS. By the way 2 other analysts have raised their EPS estimates in the last 30 days.
Both Wall Street Survivor and Motley Fool's members agree with my research. On Wall Street Survivor Mark's checklist has a Survivor rating of 5/5, a fundamental rating of 5.5, a technical rating of of 4/5 for an overall rating of 85%. Motley Fool members think the stock will out perform the market by a vote of 215 to 6 with the All Stars in agreement 81 to 3.
The stock meets my criteria:
1 - Hitting new highs better than 50% of the recent trading sessions [more]
Once on a week on Financial Tides I like to step back and block out all the hype that I read on the Internet and hear on the TV and decide for myself the state of the market and how I will invest during the coming week. I use technical factors that I mine from BarChart and use the same approach every week so I can have a consistent view of the market.
First I see what the Value Line Index did. I like the Value Line Index because it uses 1700 stocks making it much broader than the S&P 500 or the narrow Dow 30. Short term improvement this week.
1 - Index closed at 2184.48 -- up for the week by .30% and has had a 8.93% price appreciation for the last 65 days 9 of Barchart's [more]
On Financial Tides every once in a while we see a stock that is hitting new highs like crazy for no apparent reason. Sometimes that movement precedes a big press announcement; sometimes it precedes an acquisition announcement. You can never tell. This week when screening for stocks hitting new highs consistently on BarChart Cedar Fair LP -- FUN came up on the radar. FUN has had price appreciation on 14 of the last 20 trading sessions. The stock was having a difficult time earlier in the year and seemed to bottom out on 11/12 at 6.03 and has steadily move up by all most 50% since then. Something is going on here.
Cedar Fair, L.P. and its affiliated companies own and operate five amusement parks: Cedar Point, Knott's Berry Farm, Dorney Park & Wildwater Kingdom, Valleyfair, and Worlds of Fun/Oceans of Fun. The parks are family-oriented, with recreational facilities for people of all ages, and provide clean and attractive environments with exciting rides and entertainment. The company also owns and operates four hotel facilities. Cedar Point also owns and operates the Cedar Point Marina, one of the largest full-service marinas on the Great Lakes.
Although there is not a major Wall Street brokerage following the stock has 1 buy and 3 hold recommendations with no sells or under performs. Analysts expect the stock to have an increase in both sales and EPS and be profitable in the coming year. Paul Price a contributor to Seeking Alpha has done several recent articles on the stock and I'm linking his article --
Cedar Fair : Growth Opportunities in Amusements for your review.
Over on Wall Street Survivor the Survivor Sentiment is 5/5 with a fundamental rating of 4/5. On Motley Fool the CAPS members think the stock will out perform the market 314 to 72 with the All Stars agreeing 76/23. Of the Wall Street columnist only Cramer disagrees but he hasn't said anything about the stock since all the way back in January.
Recommendation: Although FUN seems to have support based on its fundamentals and is expected to make a profit, I'm adding this stock to my speculative Marketocracy VMSLO portfolio solely on its technical price movement alone. Something is going to happen and I'm hoping for another price kick upward. Buy around 9 but have a protective stop loss around 8 in case nothing happens. Revisit that stop loss on a weekly basis and move it up to protect your gains.
Jim Van Meerten is an investor who writes on financial matters here and on Financial Tides. Please leave a comment here or email FinancialTides@gmail.com.
Disclosure: No positions in this stock at the time of publication [more]
On Financial Tides we look for stocks that should give you an immediate return and GSI Commerce fits the bill. It came up on my BarChart screening for stocks that continue to hit new highs. GSIC has had 13 price advances in the last 20 trading sessions and is 3 for 5 recently. It has enjoyed a 39.25% price appreciation in the last 65 days. BarChart's technical indicators are 12 out of 13 buys for an over all buy rating of 96%.
The company develops and operates e-commerce sporting goods businesses for specialty retailers, general merchandisers, Internet companies, and media companies under exclusive long-term agreements. The company enables its partners to capitalize on their existing assets to exploit the online opportunities in the sporting goods industry. The company's scalable business model takes advantage of its proprietary technology and product database, customer service capabilities, relationships with vendors,and centralized inventory management.
Wall Street like them too. Of the 21 analysts following the firm 17 have buys -- 4 holds and no under perform or sell signals from any of them. They predict a 29.5% increase in sales and 263.6% increase in the bottom line -- very optimistic!
Other sites like them too. Walls Street Survivor has a Survivor Sentiment rating of 5/5, fundamental of 5/5 and a technical rating of 5/5 -- you don't see that very often. Over on Motely Fool CAPS members think the stock will outperform the market by a vote of 128 to 33 with the All Stars in agreement 36 to 9. The Wall Street columnist Fool follows like it 17 to 1. The lone under perform was Jim Cramer. I don't often defend Cramer, not even against Jon Stewart but to be fair his sell signal was 3/22/2007 and he would probably change his mind if he revisited it.
This stock crosses my hurdles:
1 - Price appreciating in more than 50% of the recent trading sessions [more]
On Financial Tides I try find stocks I think are the best to buy now but also report on some of the most popular issues. Sprint Nextel-- S has been on the volume leaders list recently. I'm going to look at Sprint's stats objectively:
1 - Has the stock been hitting new highs recently [more]
CitiGroup - C has been one of the most actively traded stocks recently trading between 275 - 532 million shares a day. So much interest but it it all just a hope and a prayer? For the 2 people out there that don't know what Citi does it is a leading global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, and Banamex.
When I step back and really look at how Citi has performed it has gone nowhere. According to BarChart the stock has advanced only 5 times in the last 65 days and then for only a .52% gain. Flat to say the least. BarChart's technical indicators have 12 of 13 signalling sell for an overall sell rating of 88%.
With stats like that why is everyone so high on this stocks? There are 20 Wall Street analysts following this stock and 17 have a hold or buy. Only 3 recommend a sell or under perform. Wall Street Survivor has a 5/5 Survivor Sentiment rating and over on Motley Fool the CAPS members are voting 7190 to 1756 that the stock will outperform the market. Even the All Stars vote 1328 to 438 and are in agreement with the 34 Wall Street columnists Fool follows who like it 32 to 2. How do you say self fulfilling prophesy?
I'm sorry but when I invest in the stock it has to be both popular and technically sound and I don't feel that way with Citi. I'm not sure which bank will perform best and survive in this recovery but there seems to be a lot of people that think Citi is the best. I'm going to be different and pass on this one.
If you just have to invest in a bank I'd go for a financially sound regional or if you can't make up your mind try an ETF like IShares Dow Jones US Regional Banks -- IAT
Jim Van Meerten is an investor who writes about financial matters here and on Financial Tides. Please leave a comment here or email FinancialTides@gmail.com.
Disclosure - no positions in this stock at time of publication [more]
On Financial Tides I determined over the weekend I'd be a buyer this week. On BarChart I screened for the stocks hitting the most new highs and after a little more screening came up with a recommendation on Corning Inc. -- GLW. The stock has hit 12 new highs in the last 20 sessions and is recently 5 for 5 with a 32.56% price appreciation in the last 65 days. BarChart's technical indicators have 12 of 13 buy signals with a 100% short term rating and a 88% overall rating.
GLW creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets.
On Wall Street the 17 analysts who follow the stock give it 11 buy recommendations and there are no under perform or sell reports. They estimate a 30.1% increase in sales and an 18.3% improvement in EPS. That's pretty positive.
On other sites Wall Street Survivor has Mark's checklist giving it a 5/5 Survivor Sentiment rating , a 5/5 fundamental rating and a 5/5 technical rating for an over all rating of 94%
Motley Fool CAPS members think the stock will out perform the market 3245 to 81 with the All Stars in agreement 787 to 7 and the Wall Street columnists Fool follows at 22 to 1. The lone seller was Davenport and the stock has been up 135.14% since he recommended a sell.
This stock seems to meet my 3 criteria:
1 - Making new highs better than 50% of the time [more]
I had a little room in my Wall Street Survivor portfolio and this weekend I had determined I would still buy into this market so I went bargain hunting in these down days. I used Barchart to find which stocks were continuing to hit new highs even while the market was sliding backwards and came up with Linhas Aereas Inteligentes ( GOL ) a Brazilian ADR that is a regional airline. Before you start screaming that I'm a total idiot to consider any airline give my thinking a try. Airlines in the rest of the world are a little different that our airlines in the US. In countries like Brazil they is not an alternate transportation choice. For much of the country there is not a proper roadway or rail choice so air travel is the only choice. This airline moves people, cargo and mail bags so they are not as passenger dependent and ticket price sensitive like in the US. Competition also isn't as keen.
The stock has hit new highs in 14 of the last 20 trading sessions and is 5 for 5 more recently. There has been a 63.48% price appreciation in the last 65 days and BarChart's technical indicators have 12 of 13 buy signals for a 96% buy rating.
The 9 analysts following the stock look for a 26.2% increase in sales next year and a profit improvement of 136.8% this year. They have 4 buy, 4 hold and 1 sell recommendations. The lone sell was from Citi back in January and the stock has had good price appreciation since that date. The most current review is from Argus this August and they went from sell to buy.
On some other sites Wall Street Survivor Mark's checklist has a Survivor Sentiment rating of 5/5 and a fundamental rating of 4/5. Over in Motley Fool the members think the stock will out perform the market by a vote of 313 to 37 with the All Stars in agreement 97 to 10. The mixed review comes from the Wall Street columnists that Fool follows with a vote of 5 to 4. The 4 who say sell did so back earlier in the year and have not revisited their signal. The stock has had pretty good price appreciation since then so I'll discount those sell recommendations.
The stock has what I'm looking for:
1 - Hitting new highs in the current market at least 50% of the time [more]
I had some room in my Marketocracy VMSLO model portfolio so I went on BarChart and started hunting for stocks trading below 100K shares a day that continue to hit new highs in this down day market. I came upon Hong Kong Highpower -- HPJ. The stock has hit 12 new highs in the last 20 sessions and is 5 for 5 recently. There has been a whopping 308.48% price appreciation in the last 65 days. BarChart's technical indicators have a 12 out of 13 buy signal for a 96% overall buy rating
HPJ develops, manufacturers and markets rechargeable Nickel Metal Hydride and Lithium-ion batteries and related products for use in a variety of electronic devices. The majority of Hong Kong Highpower's products are distributed worldwide to markets in the United States, Europe, China, Hong Kong, Southeast Asia and Taiwan. The way all these new electronic devices everyone wants eats batteries this company has the right products line.
There is only one Wall Street analyst, Rodman & Renshaw following this stock and they just initiated coverage in August. They predict great things with a 25.7% estimate on sales increase, 146.7% profit improvement for this year and a 13.5% EPS growth next year.
On other sites coverage is also thin with Wall Street Survivor giving the stock a 5/5 Survivor Sentiment rating and a 5/5 fundamental rating. Motley Fool CAPS has not begin covering this stock.
Recommendation: I'm adding Hong Kong Highpower -- HPJ to my speculative VMSLO model portfolio. It's trading around 6.70 and a protective stop loss of not less than 5 should be in place. Remember -- this is a speculative buy. There isn't a lot of following for this stock and it is thinly traded.
Jim Van Meerten is an investor who writes on financial matters here and on Financial Tides. Please leave a comment below or email FinancialTides@gmail.com [more]
Over the weekend I determined that I'd be a net buyer into the market this week. I had some buying power in my Wall Street Survivor portfolio so I used BarChart to find what stocks were hitting new highs most frequently. After getting the top ten and doing some additional screening I decided to add Verizon (VZ) to my portfolio. Verizon is one of the largest providers of both wired and wireless communications.
During my BarChart screenings I determined VZ had hit new highs in 12 of the last 20 trading sessions and was 5 for 5 the past week. There has been a 16.17% price appreciation in the last 65 days. BarChart's technical indicators have buy signals on 11 of the 13 indicators and the sell is a long term indicator.
There are 32 Wall Street analysts following the stock and although they estimate only a .09% increase in sales and a 1.6% increase in earnings 16 still recommend you buy the stock. The only sell recommendation was made back in January and seems too old for me to consider.
I'm starting to like the Wall Street Survivor Mark's checklist which has a Survivor Sentiment rating of 5/5, fundamental rating of 4/5 and a technical rating of 5/5. Motley Fool CAPS members think the stock will out perform the market with a vote of 3386 to 198 with the All Star members in agreement with a vote of 847/38. Motley Fool follows some Wall Street columnists and they like the stock 32 to 1.
I'm the first to admit that I have no crystal ball and I don't have an original thought in my head. I've just developed a method to find stocks with a positive price momentum and a discipline to manage the portfolio I own. To be added to my portfolio a stock must:
1 - Hit new highs more than 50% of the time [more]
Each week on Financial Tides I try to step back away from all the daily news and hypes and determine how the market really performed in the last week. After I look at the real state of the market I make my investing strategy for the next week. Will I be buying, selling or just sitting on the side lines? I use BarChart to find my data.
Value Line Index -- an index of 1700 of the larger exchange traded stocks -- much broader coverage than just the S&P 500 or Dow 30 -- Index had positive price appreciation for the week
1 - The Index was up 3.31% for the week BarChart technical indicators were 9 buys, 3 holds and 1 sell - Overall rating of 64% buy [more]
I needed a new stock for my Financial Tides/BarChart portfolio on Marketocracy so I used BarChart to screen for stocks trading under 100K shares a day that continue to hit new highs. After screening I came up with Oppenheimer Holding -- OPY. The stock has hit 14 new highs in the last 20 trading sessions and is 5 for the last 5. There has been a 45.33% price appreciation in the last 65 days. BarChart's technical indicators have 12 of 13 buy signals with one hold for an overall buy rating of 96%.
OPY is a holding company and carries on no active business. The company is engaged in the securities brokerage and trading business and offers investment advisory and other related financial services. The operating subsidiaries are engaged in a broad range of activities in the securities brokerage business, including retail securities brokerage, bond trading and investment banking-offering both corporate and public finance services, underwriting, research, market making and investment advisory and asset management services. You are investing in some one elses' ability to make money in financial services.
Other brokerages usually don't like to make recommendations or trash other brokerages in print but although there are no brokerage recommendation son the stock an analyst following the stock estimates a 16.7% growth in revenue and a 78.9% growth in EPS next year.
Over on Motley Fool CAPS the members think the stock will out perform the market with a vote of 118 to 7 with the All Stars agreeing 30 to 0. The 2 Wall Street columnists Motley Fool follows also agree 2 to 0.
Meets my criteria because:
1 - Hitting new high more than 50% [more]
I needed a new stock for my Financial Tides/BarChart VMNHI portfolio that I have on Marketocracy. I screened for stocks hitting new highs trading over 100K shares a day and went through my filtering process and came up with Hatteras Financial Corp - HTS.
HTS is an externally-managed mortgage real estate investment trust formed in 2007 to invest in adjustable-rate and hybrid adjustable-rate single-family residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or U.S. Government-sponsored entities, such as Fannie Mae, Freddie Mac or Ginnie Mae. Hatteras Financial Corp. is managed and advised by Atlantic Capital Advisors LLC.
You might think I'm totally nut to invest is these risky assets but they are all guaranteed by governmental agencies.
The stock has hit 15 new highs in the last 20 sessions and 5 new highs in the last 5 sessions. There has been a 15.84% price appreciation in the last 65 days. BarChart's technical indicators signal 11 buys and 2 holds for an 88% overall buy rating.
Right now none of the major brokerage firms are turning out research reports but their not trashing it either. The stock has had increasing revenue, EPS and dividend increases since it was formed and with the governmental agency backing why would that change?
Over on Motley Fool CAPS the members vote that it will out perform the market 114 to 19 with the All Stars voting 36 to 7. The Wall Street columnists following the stock have positive recommendations6 to 1. The lone dissenter is Jim Cramer and the stock has appreciated 11.16% since he gave a sell signal.
1 - The stock passes my screening process:
2 - HTS is hitting new highs better than 50% of the time No major brokerages are trashing the stock 3 - Other rating sites confirm my analysis
Recommendation: You may think I'm crazy for adding an adjustable rate mortgage holding company to my portfolio but I'll go with the gov't agency backing. Adding to VMNHI around 30.90 with a tight stop loss at no lower than 29. [more]
I've got some room in my Top Stock Wall Street Survivor portfolio so I used BarChart to screen for the stocks trading over 100K shares per day and sort for frequency. After using my normal filtering process I ended up with Groupo Aeroportuario (ASR). The company has concessions to manage and operate airports in such hot southeastern airports of Mexico like Cancun and Cozumel. Very hot tourist areas with major air traffic from the US and Europe.
ASR has hit 14 new highs in the last 20 trading sessions and in 4 for the most recent 5 days. There has been a 34.17% price appreciation in the last 65 days. It's hitting on all cylinders with BarChart's technical indicators giving 13 out of 13 signals to buy for a 100% buy rating.
Wall Street seems to confirm the price momentum with the analysts consensus that sales will increase 14.3% and EPS by 34.6% in the coming year. The 7 analyst give 4 buy, 2 hold and 1 sell recommendations. The sell rating is so old I can even find it listed but it's still in the data feed.
On other sites Mark's checklist on Wall Street Survivor rates the stock with a Survivor Sentiment rating 5/5 and a fundamental rating of 4/5. Motley Fool CAPS members confirm with a vote that the stock will outperform the market 240 to 10 and the All Stars vote of 94 to 2. The Wall Street columnists Motley Fool follows are split 1 to 1.
This stock passes my screening process:
1 - The stock is hitting new highs and has a BarChart buy rating of at least 80% [more]
I'm adding Cardinal Healthcare -- CAH -- to my Financial Tides Marketocracy VMNHI portfolio. CAH has hit 14 new highs in the last 20 trading sessions and is 4 for 5 recently. There has been a 32.64% price appreciation in the last 65 days and BarChart's technical indicators have 11 out of 13 buy signals for an overall 80% buy rating.
CAH is one of the leading providers of products and services to health care providers and manufacturers to help them improve the efficiency and quality of health care. These services and products include Pharmaceutical Distribution and Provider Services, Medical-Surgical Products and Services, Pharmaceutical Technologies and Services and Automation and Information Services.
18 Wall Street analysts follow the stock and there are 8 buy recommendations with no under performance or sell recommendations. They estimate a 3.4% sales growth and an 8.9% EPS growth. Good solid estimates.
Over on Motley Fool CAPS their members vote 402 to 37 that the stock will out perform the market and the All Stars agree with a vote of 134 to 8. The Wall Street columnists that Motley Fool follows think it will also out perform the market with a vote of 13 to 0. Good confirmations.
1 - Is hitting new high better than 50% of the time and a BarChart buy rating of 80% or better [more]
On Financial Tides I always try to find stocks that are hitting new highs. Johnson and Johnson -- JNJ is just such a stock. JNJ has hit 15 new highs in the last 20 trading sessions and is 3 for 5 recently. There has been a consistent 9.86% price appreciation in the last 65 days. On BarChart the technical indicators for a buy signal are 12 for 13 with just 1 hold for a 96% buy rating.
JNJ is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. The company's worldwide business is divided into three segments: Consumer, Pharmaceutical and Professional. As I say health care products for the masses.
Wall Street analysts like this stock too. The 21 analysts who follow the stock have 13 buy recommendations with the rest hold. No sell recommendations from any of them. They expect a 4.7% increase in sales and a 7.6% increase in earnings per share.
Other sites confirm my buy with the Motley Fool CAPS members giving the stock an out perform the market vote of 12,080 to 417 and the All Stars 3021 to 61. The Motley Fool Wall Street consensus is 30 to 1.
This stock has what I look for and is being added to my Marketocracy VMNHI portfolio:
1 - Hitting new highs better than 50% of the time and a BarChart technical rating above 80% [more]
A stock to be noticed by Financial Tides for hitting 14 of 20 new highs is Techne Corp -- TECH. It also has buy signal on 12 of 13 of BarChart's technical indicators for an overall buy rating of 96%. Price appreciation has been a solid 15.12% for the last 65 days.
TECHNE Corporation and its subsidiaries engage in the development, manufacture, and sale of biotechnology products, and hematology calibrators and controls primarily in the United States and Europe. Health care need the proper tools.
Wall Street analysts are following it and the 4 analysts have 3 strong buys to 1 hold with an 8.3% sales growth and an 8.8% EPS growth expectation.
Over on Motley Fool the CAPS members think TECH will outperform the market 163 to 7 with the All Stars voting 54 to 0. Even Motley Fools Wall Street guy have it 2 to 0.
The stock has what I look for:
1 - Hitting new high more than 50% of the time [more]
On Financial Tides we try to find you companies hitting new highs all the time. KMG Chemicals -- KMBG has hit 15 new highs in the last 20 trading sessions and 4 of the recently 5. KMGB has had a 98.35% price appreciation in the last 65 days. BarChart's technical indicators have 12 of 13 buy signals with one hold for an overall buy rating of 96%
Before this stock can up on my BarChart screeer for new high frequency I didn't even know what nichechemicals was. KMGB manufactures, markets and distributes specialty, nichechemicals. The company manufactures, markets and distributes three wood preserving chemicals, pentachlorophenol, creosote and sodium pentachlorophenate, to industrial customers engaged in the wood preserving business. The company's customers use these preservatives to treat wood and supply the treated wood products to end-users in a variety of industries, principally the railroad, utility and construction industries.
As always I look to see what Wall Street thinks about the stock - I don't want to purchase a stock that's being trashed. Only one analyst follows this stock David Yuschak and he rates it a strong buy. He looks for an 8% increase in sales and a 16.7% increase in EPS.
Over on Motley Fool the CAPS members think the stock will outperform the market by a 205 to 19 vote with the All Stars voting 43 to 7. Their Wall Street players vote 2 to 0.
Points I look for that this stock meets:
1 - Hitting new high more than 50% of recent trading sessions [more]
On Financial Tides and CAPS we give you step by step instructions on how to pick stocks and manage your portfolio for returns that beat the pros. All our recommendations will be placed in 1 of 2 Marketocracy portfolios so you can see the results for yourself. November has ended and here are the results:
VMNHI -- This portfolio contains stocks hitting new highs that are trading more than 100K shares a day at the time of purchase.
Return since inception -- 57.59%
S&P return comparison -- .05% loss
VMNHI beats market -- 57.64%
VMNHI beat the market S&P 500 by an annualized rate of 10.06%
VMSLO -- This portfolio contains stocks hitting new highs that are trading less than 100K shares a day at time of purchase. This is the same portfolio that won the MSN/Investor Place Strategy Lab Open.
Return since inception -- 59.46%
S&P return comparison -- 16.85% loss
VMSLO beats the market -- 76.31%
VMSLO beat the market S&P 500 by an annualized rate of 38.51%
Links to these Marketocracy portfolios:
Jim Van Meerten is an investor who writes about financial matters here and on Financial Tides. Please leave a comment below or email FinancialTides@gmail.com
Disclosure: I do not hold positions in the stock recommended. [more]