Coca-Cola has a lot of fizz left

COMPLETE ARTICLE AND GRAPHS

Over the years a company that has always been in the news has been the iconic American brand Coca-Cola (KO).  No matter where in the world you go you see the bottle, logo and even without knowing the local language to read the label you know its a Coke.  The stock has even caught Warren Buffet's attention and is part of the Bershire Hathaway (BRK.B) portfolio.  Is there still fizz left for your portfolio?  Let's look at the numbers.

First please look at the 2 1/2 year weekly trading chart of KO vs. its 20, 50 and 100 week moving averages provided by Barchart:

Barchart technical indicators:

• 48% Barchart overall technical buy signals - short term indicators are strengthening
• Trend Spotter technical buy signal
• Priced above its 20, 50 and 100 day moving averages
• 9 new highs and up 3.08% in the last month
• Relative Strength Index is 51.25%
• Barchart computes a technical support level at 68.21
• Recently traded at 69.26 which is above its 50 day moving average of 68.37

Summary:  Long term investors should not be afraid to add Coca-Cola (KO) to their portfolio.  If the sales projection come in and the stock return more to its median P/E ratio of 20 then investors could experience a total return in the 15% - 17% range annually over then next 5 years

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 9/13

Barchart Morning Call

Barchart.com - 13 mins ago

Overnight Developments

• Global stocks this morning are weaker with the Euro Stoxx 50 down -0.24% at a fresh 2-1/2 year low and Dec S&Ps down -6.20 points. The euro fell on concern the European sovereign-debt crisis will widen as credit default swaps to insure the government debts of Belgium, France, Greece, Italy, Portugal and Spain all rose to records. German Chancellor Merkel tried to assuage market angst when she said she won't let Greece fall into "uncontrolled insolvency" because the risk of contagion for the other Euro-Zone countries "is very big." The euro also fell back after a second report from the Financial Times that China would provide financial support to Italy poured cold water on those expectations when the report said it was doubtful that China would buy Italian bonds. That prompted weak demand for Italy's sale of 3.9 billion euros of a new benchmark 5-year bond that had a bid-to-cover ratio of 1.28, compared with a bid-to-cover ratio of 1.93 at a similar sale in July. Weakness in European banks is leading the broader market lower amid mounting concern the sovereign-debt crisis is hurting interbank lending. BNP Paribas dropped 7.9% as France's biggest bank denied a WSJ article that said it was having problems obtaining funding in U.S. dollars. Another negative for stock prices was the +0.6% m/m and +2.4% increase in Aug French CPI, stronger than expectations of +0.3% m/m and +2.2% y/y with the +2.4% annual gain the fastest pace of increase in 2-3/4 years.
• Asian stocks today closed mixed with Japan up +0.95%, China -1.12%, Australia +0.85%, India -0.21%. Mounting concern the European debt crisis will spread and slow the global economy and demand for Asian exports is the biggest negative factor undercutting Asian stock markets. Chinese bank stocks also fell on concern the government will tighten monetary policy further after the Beijing News reported the PBOC sold additional bills to major lenders, a step to drain liquidity from the banking system.

Overnight U.S. Stock News

• December S&Ps this morning are trading down -6.20 points. The US stock market yesterday traded lower for most of the day on concern the European sovereign-debt crisis will worsen and Greece may default on its debt but a Financial Times report that China may buy Italian government bonds fueled a late-day rally that left stocks higher: Dow Jones +0.63, S&P 500 +0.70%, Nasdaq Composite +1.10%. The Dow posted a 3-week low and the S&P 500 fell to a 2-week low but they both erased their losses and finished higher. Bullish factors included (1) comments from Dallas Fed President Fisher who said "inflation is not an issue presently," (2) a rally in technology stocks due to increased M&A activity after Broadcom agreed to buy NetLogic Microsystems for $3.7 billion, (3) a Financial Times report that Italy was in talks with a Chinese investment firm to buy Italian government bonds, which reduced European debt concerns and sparked a late-day short-covering rally, and (4) the decline in the 10-year T-note yield to a record low 1.876%.
• Bearish factors included (1) concern that Greece may default on its debt an economic adviser to German Chancellor Merkel said that decisions taken in July by European leaders "won't suffice" to save Greece from missing a payment on its debt, (2) concern the European debt crisis will worsen and spread throughout Europe after credit default swaps to insure the government debts of Greece, Italy, Spain and France all surged to records, (3) the action by the NABE to cut its 2011 U.S. GDP forecast to 1.7% from a May forecast of 2.8% and the cut in its 2012 U.S. GDP forecast to 2.3% from a May forecast of 3.2%, and (4) weakness in bank stocks after European bank stocks plunged when people with knowledge of the matter said Moody's Investors Service may cut the credit ratings of France's biggest banks because of their holdings of Greek debt and after Citigroup cut its Q3 profit estimates for U.S. banks.

Today's Market Focus

• December 10-year T-notes this morning are down -2 ticks. T-note prices yesterday rallied to an all-time high on increased safe-haven demand due to concern Greece may default on its debt but prices erased their gains and closed lower as the equity market rebounded: TYZ11 -9.5, FVZ11 -8.7, EDH12 -1.5. The 10-year T-note yield fell to an all-time low of 1.876%. Bearish factors included (1) so-so demand for the Treasury's $32 billion auction of 4-year T-notes that had a 3.15 bid-to-cover ratio, below last month's ratio of 3.29, (2) a late-day recovery in the equity market after the Financial Times reported that Italy was in talks with a Chinese investment firm to buy Italian government bonds, which reduced European debt concerns, and (3) supply pressures ahead of the Treasury's $21 billion auction of 10-year T-notes on Tue. Bullish factors included (1) concern that Greece may default on its debt after an economic adviser to German Chancellor Merkel said that decisions taken in Jul by European leaders "won't suffice" to save Greece from missing a payment on its debt, (2) carry-over support from a drop in the 10-year German bund yield to a record low of 1.705% on concern the European debt crisis will spread throughout the Euro-Zone after credit default swaps to insure the government debts of Greece, Italy, Spain and France all surged to records, (3) comments from Dallas Fed President Fisher who said "inflation is not an issue presently," and (4) the action by the NABE to cut its 2011 U.S. GDP forecast to 1.7%, down from a May forecast of 2.8% and the cut in its 2012 U.S. GDP forecast to 2.3% from a May forecast of 3.2%.
• The dollar index this morning is slightly higher with the dollar/yen -0.23 yen and the euro/dollar -0.27 cents. The dollar index yesterday rallied up to a 6-1/2 month high on heightened European sovereign-debt concerns but fell back as the euro erased its losses after the Financial Times reported that Italy was in talks with a Chinese investment firm to buy Italian government bonds: Dollar Index +0.386, USDJPY -0.388, EURUSD +0.00230. Bullish factors included (1) a surge in safe-haven demand for the dollar as global stock markets plunged on concern the European debt crisis will worsen after credit default swaps to insure the government debts of Greece, Italy, Spain and France all surged to records, (2) the euro negative statement from the European Commission that the Euro-Zone recovery remains "fragile" and sovereign-debt levels will continue to increase through 2012 as governments struggle in the aftermath of the recession, and (3) continued strong demand from European banks for dollars as the 3-month dollar Libor rate climbed to a 1-year high of 0.34289%. Bearish factors included (1) reduced concerns that Greece will default on its sovereign debt after the Ta Nea newspaper reported that Deputy Greek Finance Minister Sachinidis said that the Greek government has the cash reserves to cover its needs for October (2) the action by the NABE to cut its 2011 and 2012 U.S. GDP forecasts, which is dollar negative, and (3) late-day short covering in the euro after the Financial Times reported that Italy was in talks with a Chinese investment firm to buy Italian government bonds.
• Oct crude oil prices this morning are up +88 cents a barrel and Oct gasoline is +1.44 cents per gallon. Crude oil and gasoline prices yesterday settled mixed as gasoline weakened to a 3-week low on concern the European credit crisis will worsen and slow the global economy and energy demand while crude gained after the dollar fell back from its best levels: CLV11 +$0.95, RBV11 -3.28. Bearish factors included (1) the rally in the dollar index to a 6-1/2 month high, which discourages investment demand in commodities, (2) the slide in global stock markets on concern the European debt crisis will worsen and reduce economic growth and fuel demand, (3) the action by OPEC to cut its global oil demand estimate for this year to 87.99 million barrels a day, down -150,000 barrels a day from a previous forecast, and (4) the action by the NABE to cut its 2011 U.S. GDP forecast to 1.7%, down from a May forecast of 2.8% and the cut in its 2012 U.S. GDP forecast to 2.3% from a May forecast of 3.2%. Bullish factors included (1) the prediction from Goldman Sachs that global oil markets will tighten up the remainder of the year and into 2012 as the market absorbs additional supplies from the release of strategic stockpiles in the U.S. and (2) the dollar index which closed little changed after it gave up most of its advance to a 6-1/2 month high.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): BBY-Best Buy (BEST earnings consensus $0.53), FUL-HB Fuller (0.47), LRN-K12 Inc. (0.00), CBRL-Cracker Barrel (0.99).
Global Financial Calendar

Tuesday 9/13/11
United States
0745 ET	ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0830 ET	Aug import price index expected -0.8% m/m and +12.4% y/y, Jul +0.3% m/m and +14.0% y/y.
0855 ET	Redbook weekly retailer sales.
1000 ET	Sep IBD/TIPP economic optimism expected +2.2 to 38.0, Aug -5.6 to 35.8.
1130 ET	Weekly 4-week T-bill auction.
1300 ET	Treasury auctions $21 billion 10-year T-notes.
1400 ET	Aug monthly budget statement expected -$132.0 billion, Jul -$129.376 billion.
France
0130 ET	Aug French CPI (EU harmonized) expected +0.3% m/m and +2.2% y/y, Jul -0.5% m/m and +2.1% y/y.
United Kingdom
0430 ET	Jul U.K. house prices expected -1.2% y/y, Jun -2.0% y/y.
0430 ET	Aug U.K. CPI expected +0.6% m/m and +4.5% y/y, Jul unchanged m/m and +4.4% y/y.
0430 ET	Aug U.K. core CPI expected +3.0% y/y, Jul +3.1% y/y.
0430 ET	Aug U.K. RPI expected +0.6% m/m and +5.1% y/y, Jul -0.2% m/m and +5.0% y/y. Aug RPI ex mortgage interest payments expected +5.2% y/y, Jul +5.0% y/y.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Western Gas Partners (WES) Barchart Chart of the Day

Barchart.com's Chart of the Day - Western Gas Partners (WES)

Barchart Research Team - Barchart.com - Mon Sep 12, 6:16PM CDT

Related Stocks

WES - Western Gas Partners Lp

Sym	Last	Chg	Pct
WES	36.53	+0.36	+1.00%

The "Chart of the Day" is Western Gas Partners (WES), which showed up on Monday's Barchart "NYSE 3-Month High" list. WES on Monday rallied by 1.00% and edged to a new 4-month high of $36.46. A rally above the all-time high of $37.05 posted on April 29, 2011 would be a particularly bullish technical signal. TrendSpotter issued a Buy signal for WES on Sep 1 at $36.41. In recent news on the stock, Western Gas Partners on July 5 increased its quarterly dividend to 40.5 cents per unit, a 4% increase over the prior quarter's distribution of 39 cents per unit. Western Gas Partners on Aug 3 reported Q2 EPS of 39 cents, which was below the consensus of 44 cents but included the effects of a $1.9 million realized loss on an interest rate hedge. Western Gas Partners, with a market cap of $2.1 billion, is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 3-month highs. A new 3-month high is a sign of upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 80% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 96% Buy

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Balance Sheet-Current
Balance Sheet-Annual

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Freemont -McMoRan baffles me

COMPLETE ARTICLE AND GRAPHS

Freemont-McMoRan (FCX) is on so many buy lists that its price action baffles me.  The fact that the stock is not living up to its expectations might be a signal that now is a good time to buy it. The stock is down over 32.53% from this years high vs the Value Line Index which is only off 21.49% from its 1 year high.  At an 8.6 P/E ratio it is priced at about 50% of the overall markets P/E ratio and almost the same discount from its own median P/E ratio.

Look at the daily trading chart for the last 6 months in this chart provided by Barchart:

Barchart technical indicators:

• If a company has value, technical sell signals could be signalling an opportunity to buy at a discount
• Barchart 100% technical sell signal
• Trend spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 32.53% off its 1 year high
• Relative Strength Index is 33.68% and getting lower
• Barchart computes a technical support level at 39.62
• Recently traded at 40.65 which is below its 50 day moving average of 49.00

Summary: There are several was to play Freeport-McMoRan (FCX): 1 - buy when it crosses above its trailing 20 day moving average, buy when you see cooper prices recover or buy now and weight.  Long term investors should see a good return for their efforts.

Jim Van Meerten is a Marketocracy Master

Has Pfizer fizzled?

FULL ARTICLE AND GRAPHS

One of the companies that seems to be on every ones watch list is Pfizer (PFE).  Let's look at the numbers and you decide for yourself.  Lately the price action hasn't been that great as shown by this chart provided by Barchart and the stock is presently done 14.12% off its recent high.

Barchart technical indicators:

• If you have done your homework and just have to have a certain stock technical sell signals can be a signal for a lower than normal entry point
• 80% Barchart technical sell signal
• Trend Spotter technical sell signal
• Presently below its 20, 50 and 100 day moving averages
• The stock is down 14.12% from its one year high
• Relative Strength Index is 46.06% and still falling
• Barchart computes a technical support level at 17.87
• Trading near 18.31 which is below its 50 day moving average of 18.84

Summary:  For me, I'm going to pass on this one.  Out of the 6,000 stocks I usually screen I like to see double digit projections for sales and earnings as well as some upward price appreciation.  I don't find that here in Pfizer (PFE). If however, you've agree with the analysts and individual investors and still want to own it then at least at this level you buy in at a 14% discount.

Jim Van Meerten is a Marketocracy Master

Is Berkshire Hathaway the path to riches?

I have been a fan of Warren Buffet and his Berkshire Hathaway stock (BRK.B) almost since the day I started getting interested in investing.  Through thick and thin Warren has continued to make money by buying established companies that have executed a solid business plan in the past and are expected to continue profitable operations in the future.  He tries to buy them at a discount and hopes to hold them forever.  He has made a lot of money for others and a killing for himself.  I wouldn't bet against him but I think you can do better on your own but only of you are willing to work a disciplined plan.  During the last 3 1/2 year period the general market as measured by the Value Line Index has beaten him soundly as this Barchart graph shows:

Barchart technical indicators:

• 80% Barchart short term technical sell signal
• Trend Spotter technical sell signal
• Below its 20, 50 and 100 day moving averages
• Lost 19.99% off its 1 year high vs. the Value Line Index loss of 17.56%
• Relative Strength Index is 46.99 and climbing slightly
• Barchart computes a technical support level at 69.06
• Recently traded around 70.16 which is below its 50 day moving average of 73.22
• Recent price movement in the last 28 trading sessions:

Summary:  Berkshire Hathaway class B shares (BRK.B) are suited for long term investors who want to use a value investing approach for the long haul and realize that they are paying a premium to let Mr Buffet invest for them.  Since today's price is at least 20% cheaper than it has been in the past year now is a good entry point.  Investors that want to stay personally involved and continue a hands on approach should pass on these shares.

Jim Van Meerten is a Marketocracy Master

Autozone seems on autopilot

This morning while using Barchart to screen for stock hitting the most recent new highs Autozone (AZO) popped right to the top.

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 19 new highs and up 12.28% in the last 20 trading sessions
• Relative Strength Index 66.80 and still rising
• Barchart computes a technical support level at 308.46
• Recently traded at 314.79 which is above its 50 day moving average of 294.72

Jim Van Meerten is a Marketocracy Master

Transocean's name is no longer mud

Complete Article and Graphs


I'm going out on a limb and predicting that investors who invest in Tansocean (RIG) at this level could see a short term pop of 23% - 27% annual total return over the next 5 years.  The stock has been beaten down but they now have almost all their deep water rigs back on line and the last one should be operational shortly.

A look at the weekly price over the past 2 1/2 years vs. the 10, 50 and 50 week moving averages on this chart provided by Barchart shows how beaten down it is:

• 40% Barchart short term technical buy signal that is getting stronger
• Trend Spotter sell signal that is weakening
• The stock has begin trading above its 20 day moving average
• New lows and down 11.89% this month
• Although the stock is trading below its 50 and 100 day moving average Barchart computes a technical support level at 53.72
• Relative Strength Index is 46.89% and getting stronger
• Recently traded at 54.59 which is below its 50 day moving average of 58.81

Summary:  Transocean (RIG) has been beaten down not only from bad press but from having a major portion of their revenue producing rigs brought off line for inspection and updating.  These will all be back on line by the beginning of the year and in full production by mid next year.  As the investing community realizes that legal concerns from the BP spill are being abated and the new increased earnings and revenue figures hit the press you should see a lot of investors come back and get on board.  This is one where those who get on board early will reap the benefits not only in the short run but the long run as well.  Buy in at today's prices and you can expect a 23% - 27% annual rate of return within the next 5 years

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 9/12

Barchart Morning Call

Barchart.com - 1 hr 9 mins ago

Overnight Developments

• Global stocks this morning are sharply lower with the Euro Stoxx 50 down -3.05% at a nearly 2-1/2 year low and Dec S&Ps are down -21.20 points. The dollar index rose to a 6-1/2 month high, Treasuries climbed and most commodities tumbled, with copper sliding toa 1-month low on concern the European sovereign debt crisis will worsen. Credit-default swaps to insure the government debts of Greece, Italy, Spain and France all surged to records. A decline in European bank stocks is leading the broader market lower with France's 3 largest banks all plunging at least 9% after people with knowledge of the matter said Moody's Investors Service may cut the credit ratings of BNP Paribas SA, Societe Generale SA and Credit Agricole SA this week because of their holdings of Greek debt. The euro plunged to a 6-3/4 month low against the dollar after the European Commission said the Euro-Zone recovery remains "fragile" and sovereign-debt levels will continue to increase through 2012 as governments struggle in the aftermath of the recession. European banks continue to hoard dollars and refrain from lending as the 3-month dollar Libor rate rose to a 1-year high of 0.34289% and the dollar-OIS spread, a gauge of banks' reluctance to lend, widened to a 13-month high of 26.79 bp.
• Asian stocks today closed lower with Japan down -2.31, China closed and South Korea closed for holiday, Australia -3.72%, India -2.17%. Asian stocks closed lower on speculation Greece may be nearing a default on its sovereign debt and the European debt crisis will spread. Japan's Nikkei 225 Stock Index tumbled to a 5-3/4 month low, led by declines in banks and exporters. Stocks in India were also pressured after Jul India industrial production rose +3.3% y/y, weaker than expectations of +6.2% y/y and the slowest pace of increase in more than a year. Despite the weakness in India's factory output, market expectations are for the RBI to raise its benchmark repurchase rate by 25 bp this week to 8.25%.

Overnight U.S. Stock News

• December S&Ps this morning are trading down sharply by -21.20 points. The US stock market last Friday tumbled on concern Greece may default on its debt and cripple the European banking system along with concern that Congress won't pass President Obama's $447 billion plan to boost the economy: Dow Jones -2.69, S&P 500 -2.67%, Nasdaq Composite -2.42%. Bearish factors included (1) concern that Greece may default on its debt as Greek T-note yields surged to record highs and credit default swaps to insure Greek government debt climbed to a record high, (2) weakness in bank and financial stocks on reports that German Chancellor Merkel's government is preparing plans to shore up banks that face a possible 50% loss on their Greek bonds if the next tranche of Greece's bailout is withheld, (3) the unexpected resignation of ECB Executive Board member Stark, who opposed the ECB's bond purchases of distressed European governments and signals a division within the ECB on how to handle the region's sovereign-debt crisis, (4) pessimism that Congress will be able to muster up partisan support for President Obama's $447 billion plan to boost the economy, and (5) a sell-off in energy and raw-material producers as a surge in the dollar index to a 6-month high prompted a broad-based plunge in most commodities.
• Bullish factors included (1) comments from St. Louis Fed President Bullard who said a chance of a U.S. recession is "only modest" and that the Fed could adjust its balance sheet further if needed to bolster the economy and (2) the decline in the 10-year T-note yield to a record low 1.893%.
• Bank of America (BAC) fell 2% in pre-market trading on carry-over weakness from a fall in European bank stocks.
• Alcoa (AA) slid 1.6% in pre-market trading as industrial metal prices declined on speculation a worsening of the European debt crisi will crimp demand.

Today's Market Focus

• December 10-year T-notes this morning are up +0.5 of a tick. T-note prices last Friday rallied to all-time highs on increased safe-haven demand after global equity markets tumbled on concern Greece may default on its debt: TYZ11 +18, FVZ11 +9.2, EDH12 -4.0. The 10-year T-note yield fell to an all-time low of 1.893%. Bullish factors included (1) concern that Greece may default on its debt after credit default swaps to insure Greek government debt climbed to a record high and the 2-year Greek T-note yield surged to an all-time high of 57.08% along with reports that German Chancellor Merkel's government is preparing plans to shore up banks that face a possible 50% loss on their Greek bonds if the next tranche of Greece's bailout is withheld, (2) carry-over support from the fall in the 10-year German bund yield to a record low 1.765% after ECB Executive Board member Stark, who opposed the ECB's bond purchases of distressed European governments, unexpectedly resigned and signals a rift within the ECB over how to handle the European debt crisis, and (3) comments from San Francisco Fed President Williams who said the worldwide financial system is under severe "stress."
• The dollar index this morning is higher and at a 6-1/2 month high with the dollar/yen -0.60 yen and the euro/dollar -0.25 cents. The dollar index last Friday surged to a 6-month high as concerns intensified that Greece may default along with a plunge in the euro to a 6-1/2 month low against the dollar on concern the ECB may be divided on how to handle the European debt crisis after ECB Executive Board member Stark unexpectedly resigned: Dollar Index +0.946, USDJPY +0.094, EURUSD -0.02255. Bullish factors included (1) a surge in safe-haven demand for the dollar as the stock market plunged on fear Greece may default on its debt after credit default swaps to insure Greek government debt climbed to a record high of 3,238 bp and the yield on the Greek 2-year note soared to a record high of 57.08%, (2) the unexpected resignation of ECB Executive Board member Stark, who opposed the ECB's bond purchases of distressed European governments and signals a division within the ECB on how to handle the region's sovereign-debt crisis, and (3) solid demand from European banks for dollars as the 3-month dollar Libor rate climbed to a 1-year high of 0.33794%. A bearish factor was the larger-than-expected increase in Jul French industrial production, which is euro supportive.
• Oct crude oil prices this morning are down -$1.31 a barrel and Oct gasoline is -3.95 cents per gallon. Crude oil and gasoline prices last Friday tumbled on a lack of confidence in the global economy along with the movement of Tropical Storm Nate away from U.S. oil installations in the Gulf of Mexico: CLV11 -$1.81, RBV11 -11.42. Bearish factors included (1) the surge in the dollar index to a 6-month high, which discourages investment demand in commodities, (2) the fall in the stock market, which curbs confidence in the economic outlook and energy demand, and (3) the movement of Tropical Storm Nate toward Mexico and away from U.S. oil installations in the Gulf of Mexico.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): CZZ-Cosan Ltd. (BEST earnings consensus $0.16), PCYC-Pharmacyclics (-0.13).
Global Financial Calendar

Monday 9/12/11
United States
1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
1300 ET	Treasury auctions $32 billion 3-year T-notes.
1600 ET	Dallas Fed President Richard Fisher speaks at the 2011 National Association of Business Economists annual meeting on ?U.S. Monetary Policy in a Global Context? in Dallas.
2000 ET	St. Louis Fed President James Bullard delivers opening remarks at a St. Louis Fed event titled ?Dialogue with the Fed: Beyond Today?s Financial Headlines.?
United Kingdom
1901 ET	Aug RICS U.K. house price balance expected -23%, Jul -22%.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Stamps.com - Barchart Chart of the Day

Barchart.coms Chart of the Day - Stamps.com (STMP)

Barchart Research Team - Barchart.com - Fri Sep 09, 11:30PM CDT

Related Stocks

STMP - Stamps.Com Inc.

Sym	Last	Chg	Pct
STMP	19.44	+0.87	+4.68%

The "Chart of the Day" is Stamps.com (STMP), which showed up on Friday's Barchart "Nasdaq 12-Month High" list. Stamps.com on Friday posted a new 5-year high of $20.19 and closed up 4.68% at $19.44. TrendSpotter has been Long on Stamps.com for the last 3 months since the breakout began on June 28 at $13.25 for a return thus far of 47%. In recent news on the stock, Stamps.com on July 28 reported Q2 EPS of 45 cents, well above the analyst consensus of 23 cents. Stamps.com, with a market cap of $270 million, provides Internet-based services for mailing or shipping letters, packages or parcels anywhere in the United States and at anytime.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for Nasdaq 12-month highs. A new 12-month high is a popular sign of upside momentum. We then clicked on the "12-Month # Highs" column heading twice in order to sort the list in ascending order. Stocks with the fewest number of 12-month highs over the past 12 months are stocks that have only recently broken out to a new 12-month high and may have better upside potential then stocks that have already rallied sharply and have posted many new 12-month highs.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 80% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 96% Buy

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Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

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Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual

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