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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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  • Reynolds American - RAI - Barchart Chart Of The Day 0 comments
    Aug 2, 2012 9:08 AM | about stocks: RAI

    Barchart.coms Chart of the Day - Reynolds American (NYSE:RAI)

    Barchart Research Team - BC - Wed Aug 01, 6:07PM CDT

    Related Stocks
    RAI - Reynolds American Inc

    SymLastChgPct
    RAI46.52+0.25+0.54%

    The "Chart of the Day" is Reynolds American (RAI), which showed up on Wednesday's Barchart "All-Time High" list. RAI on Wednesday posted a new all-time high of $46.84 and closed up +0.54%. TrendSpotter has been long RAI since June 13 at $41.74. U.S. District Court Judge Richard Leon on Wednesday denied an FDA motion to dismiss a lawsuit by Lorillard Inc. and R.J. Reynolds Tobacco Co. filed last year that alleges financial conflict of interest and bias by several members of the Tobacco Products Scientific Advisory Committees. The suit specifically alleges that some committee members have conflicts of interest because they were paid expert witnesses in anti-tobacco lawsuits and have financial ties to pharmaceutical companies that make smoking-cessation products. Last Tuesday, RAI reported Q2 adjusted earnings of 79 cents per share, beating expectations of 76 cents as the company focuses on cigarette alternatives such as snuff and chewing tobacco for future sales growth as tax hikes, smoking bans, health concerns and social stigma make the cigarette business tougher. Reynolds American with a market cap of $26.6 billion, is the parent company of R.J. Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Inc., Lane Limited and R.J. Reynolds Global Products, Inc. R.J. Reynolds Tobacco Company, the second- largest U.S. tobacco company, manufactures about one of every three cigarettes sold in the United States, including five of the nation's 10 best-selling brands.

    (click to enlarge)rai_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: 75% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 88% Buy

    Barchart links for further information:

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

    Stocks: RAI
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