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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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  • Brown-Forman - BF.B - Barchart Chart Of The Day 0 comments
    May 17, 2012 8:51 AM | about stocks: BF.B

    Barchart.coms Chart of the Day - Brown-Forman (NYSE:BF.B)

    Barchart Research Team - BC - Wed May 16, 5:48PM CDT

    Related Stocks
    BF.B - Brown Forman Inc B

    Sym Last Chg Pct
    BF.B 88.31 +0.52 +0.59%

    The "Chart of the Day" is Brown-Forman (BF.B), which showed up on Wednesday's Barchart "All Time High" list. Brown Forman on Wednesday posted a new all-time high of $88.72 and closed up 0.59%. TrendSpotter has been long since March 27 at $83.72. In recent news on the stock, UBS on April 4 upgraded Brown-Forman to Buy from Neutral and raised its target to $98 from $83 due to higher revenue growth estimates and market share gains. Brown-Forman on March 7 reported fiscal Q3 EPS of 93 cents, below the consensus of $1.00, and said it sees net sales growth in Q4 in the high single digit range. Brown-Forman, with a market cap of $12.6 billion, is a producer and marketer of beverage alcohol brands including Jack Daniel's, Southern Comfort, Finlandia, Canadian Mist, Fetzer, Korbel, Gentleman Jack, el Jimador, Tequila Herradura, Sonoma-Cutrer, Chambord, Tuaca, Woodford Reserve, and Bonterra.

    (click to enlarge)bf-b_700

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

    Barchart links for further information:

    Quotes and Charts
    Detailed Quote

    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheet™

    Barchart Opinions
    Barchart Opinion
    Barchart Snapshot
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    Company Info
    Company Profile
    Key Statistics
    Income Statement-Quarterly
    Income Statement-Annual
    Balance Sheet-Current
    Balance Sheet-Annual

    Chart of the Day Archive
    View Past Chart of the Day Reports

    Stocks: BF.B
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