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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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  • Burger King Worldwide - BKW - Barchart Chart Of The Day 0 comments
    Jan 11, 2013 11:59 AM | about stocks: QSR

    Barchart.com's Chart of the Day - Burger King Worldwide (BKW)

    Barchart Research Team - BC - Thu Jan 10, 6:07PM CST

    The "Chart of the Day" is Burger King Worldwide (BKW), which showed up on Thursday's Barchart "All-Time High" list. Burger King posted an all-time Thursday at $18.04 and closed up +1.69%. TrendSpotter has been long since Dec 13 at $17.12. In recent news on the stock, PepsiCo announced on Thursday that it had formed a partnership with Burger King in China to make Pepsi the exclusive supplier of soft drinks for more than 100 Burger King restaurants in the Asian country, according to China Daily. On Dec 27, Burger King announced that it has entered into a multi-country, Master Franchise Joint Venture Agreement with BEBOCA LTD in Central America. The new joint venture will acquire the master franchise rights for the 178 Burger King restaurants in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama and has committed to manage the aggressive development of the Burger King® brand in these countries. Burger King Worldwide, with a market cap of $6.211 billion, operates fast food hamburger chains throughout the world.
    (click to enlarge)

    How we found the Chart of the Day:
    We found the "Chart of the Day" by scanning the Barchart "All-Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All-Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new all-time high is typically showing strong 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: 100% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 100% Buy

    Barchart links for further information:

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    Stocks: QSR
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