Barchart Research Team - BC - Mon Aug 06, 9:27PM CDT
The "Chart of the Day" is Scripps Networks Interactive (SNI), which showed up on Monday's Barchart "All-Time High" list. Scripps on Monday posted a new all-time high and closed +1.11%. TrendSpotter just turned long again on Monday's close of $58.10. In recent news on the stock, Scripts networks on Aug 2 reported Q2 EPS of 93 cents, better than the analyst consensus of 87 cents. Goldman on July 12 upgraded Scripps Networks to Buy from Sell and raised the target to $63 from $50 due to strong TV ratings. Scripps Networks Interactive, with a market cap of $8 billion, is the leading developer of lifestyle-oriented content for television and the Internet. The company's media portfolio includes: Lifestyle Media, with popular lifestyle television and Internet brands HGTV, Food Network, DIY Network, Fine Living Network and country music network Great American Country (GAC); and Interactive Services, with leading online search and comparison shopping services, Shopzilla and uSwitch.
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: 60% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 88% Buy
Barchart links for further information:
Chart of the Day Archive
View Past Chart of the Day Reports