Wednesday, March 2, 2011

3 Mid Caps on the move

I used Barchart.com to screen the S&P 400 Mid Cap Index to find stocks having consistent price momentum and found these 3 stocks to review:

Kirby (KEX) -- conducts operations in two business segments: marine transportation and diesel repair. The Company's marine transportation segment is engaged in the inland transportation of industrial chemicals, petrochemical feedstocks, agricultural chemicals and refined petroleum products by tank barge; and in the offshore transportation of refined petroleum products by tanker and tank barge, and dry-bulk, container and palletized cargoes by barge and break-bulk ship. The Company's diesel repair segment is engaged in the sale, overhaul and repair of diesel engines and related parts sales.


Technical Factors:
  • 96% Barchart technical buy signal
  • Trend Spotter (tm) buy signal
  • 15 new highs and up 15.71% in the last month
  • Relative Strength Index 80.44% and climbing
  • Trades around 55.17 with a 50 day moving average of 47.45
Fundamental Factors:
  • Wall Street brokerage analysts have 4 buy and 5 hold recommendations published
  • Sales are expected to increase by 34.50% this year and 14.10% next year
  • Earnings are estimated to increase by 28.80% this year, 15.90% next year and 15.90% annually for the next 5 years
Investor Sentiment:
  • The CAPS members on Motley Foll vote 164 to 10 that the stock will beat the market
  • The All Stars agree with a 52 to 2 vote
Mentor Graphics (MENT) -- designs, manufactures, markets and supports electronic design automation (EDA) software for the integrated circuit and systems design markets. The company provides a broad range of EDA tools developed either by the Company or together with third parties to support the entire electronic design process. The Company's software products enable engineers and designers to design, analyze, place and route, and test custom (ASICs), printed circuit boards, multi chip modules and other electronic systems and subsystems.


Technical Factors:
  • 96% Barchart technical buy signal
  • Trend Spotter (tm) buy signal
  • 7 new highs and up 21.21% in the last month
  • Relative Strength Index is 73.93%
  • Trades around 15.78 with a 50 day moving average of 13.20
Fundamental Factors:
  • Wall Street brokerage analysts gave their brokers 3 buy and 2 hold reports to share with their clients
  • Sales are expected to increase by 4.90% this year and 4.80% next year
  • Earnings are forecasted to increase by 21.40% this year and 15.00% annually for the next 5 years
Investor Sentiment:
  • The experienced All Stars on Motley Fool vote 28 to 3 that the stock will out perform the market
  • The CAPS members agree 94 to 32
Pride International (PDE) -- a leading international provider of contract drilling and related services, operating both offshore and on land. In recent years, Pride has focused its growth strategy on the higher margin offshore and international drilling markets. Offshore and international markets generally have greater profit potential than domestic land-based markets, primarily as a result of less competition, higher utilization rates and stronger demand resulting from a general trend by oil and gas companies to shift expenditures to exploration and development activities abroad and in the Gulf of Mexico.


Technical Factors:
  • 96% Barchart technical buy signal
  • Trend Spotter (tm) buy signal
  • 8 new highs and up 25.01% in the last month
  • Relative Strength Index 73.63% and rising
  • Priced around 42.18 with a 50 day moving average of 35.29
Fundamental Factors:
  • Wall Street brokerages are pushing 9 buy and 19 hold recommendations from their analysts
  • Sales are projected to  increase by 32.10% this year and 15.00% next year
  • Earnings are charted to increase by 74.00% this year, 24.50% next year and 16.60% annually for the next 5 years
Investor Sentiment:
  • CAPS members on Motley Fool vote 596 to 15 that the stock will beat the market
  • All Stars agree 233 to 2
I find all 3 of these are very interesting and should be added to you watch lists.

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 on Barchart.com  in his daily blog -- Barchart Portfolio Blogs.








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