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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. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
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Marketocracy Capital Management
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Barchart Portfolio Blogs
  • Peet's Coffee and Tea - PEET - Barchart Chart of the Day 0 comments
    Aug 4, 2011 9:01 AM | about stocks: PEET
    Barchart.com's Chart of the Day - Peet's Coffee & Tea (NASDAQ:PEET)
    Barchart Research Team - Barchart.com - Wed Aug 03, 3:57PM CDT
    Related Stocks
    PEET - Peet's Coffee & Tea
    Sym Last Chg Pct
    PEET 63.30 +3.16 +5.25%

    The "Chart of the Day" is Peet's Coffee & Tea (PEET), which showed up on Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Peet's on Wednesday rallied by 5.25% and also showed up on Barchart's "All Time High" list by posting a new all-time high of $63.48. In recent news on the stock, Peet's on Tuesday reported Q2 EPS of 38 cents versus the consensus of 32 cents. On Wednesday, Stifel Nicolaus reiterated its Buy rating and raised its target to $72 from $60, although Dougherty on the same day downgraded Peet's to Neutral from Buy. Peet's Coffee & Tea (PEET), with a market cap of $760 million, sells its fresh roasted coffee, hand selected tea and related items in several distribution channels, including specialty grocery and gourmet food stores, online and mail order, office and restaurant accounts and company-owned stores in four states.

    peet_700

    How we found the Chart of the Day:

    We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.

    Barchart's Opinion trading systems are mostly a "Buy" and Barchart's daily TrendSpotter trading system is a "Buy." 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: 75% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 96% Buy


    Barchart links for further information:

    Quotes and Charts
    Quote
    Detailed Quote
    Chart

    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheet™

    Barchart Opinions
    Barchart Opinion
    Barchart Snapshot
    Trading Strategies

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


    Chart of the Day Archive
    View Past Chart of the Day Reports
    Themes: long ideas Stocks: PEET
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