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JimVanMeerten (61.93)

Trimble looks for double digit sales and earnings growth

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April 04, 2011 – Comments (0) | RELATED TICKERS: TRMB

This morning I was using Barchart to screen stocks that have had double digit growth in sales and earnings that are currently experiencing upward price momentum and came across Trimble Navigation (TRMB).  The company is having great sales growth in Brasil, Malaysia and Singapore and investors are beginning to bid up the price. 

Trimble (TRMB) applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location-including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office.


Emerging markets are using this GPS technology to improve crop yields.  I think this stock has what I look for in all 3 areas.


Technical Factors:

1 - 100% Barchart technical buy signal

2 - Trend Spotter buy signal

3 - The stock has been up in 4 of the last 5 trading sessions and is up 7.75% in the last week

4 - The Relative Strength Index is 68.93% and rising

5 - Trades around 51.61 with a 50 day moving average of 47.82

Fundamental Factors:

1 - Wall Street brokerage analysts are very high on this one

2 - 4 strong buy, 4 buy and 5 hold recommendations have been released for clients to consider

3 - Sales are projected to increase by 18.30% this year and 13.40% next year

4 - Earnings are estimated to increase by 21.70% this year, 16.30% next year and 19.00% annually for the next 5 years

5 - These are the kind of double digit projections you should look for 

General Investor Sentiment:

1 - On Motley Fool investors are very aware and very positive on this company

2 - The CAPS members vote 406 to 51 that the stock will beat the market

3 - The more experienced All Stars agree with a 106 to 26 voteThis stock deserves a place on your watch lists with double digit projections of sales and earnings, coupled with current price momentum and general investor awareness.


Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs onBarchart.com  in his daily blog -- Barchart Portfolio Blogs.

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