State Street - Barchart Chart of the Day
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Jim Van Meerten 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 attended post-baccalaureate and graduate courses in Business Administration, Quantitative Math, and Education at Florida Atlantic University, Georgia State University and University of North Carolina at Charlotte. In the past he has been an accountant, attorney, adjunct professor in Business Law, Accounting and Internal Auditing, financial advisor, supervisory principal, and compliance officer. He also passed the Georgia CPA Exam, the Certified Internal Auditor Exam, and the FINRA Series 7, 24 and 9/10 exams.He is presently also a contributor on MSN Top Stocks Blog, Motley Fool and is a member of the M100 on Marketocracy, an elete honor chosen by the editors of Marketocracy as being in the top 100 portfolio managers of over 100,000 portfoiios they review. He would enjoy hearing your comments at JimVanMeerten@gmail.com.
Barchart.coms Chart of the Day - State Street Corp (STT)
The "Chart of the Day" is State Street Corp (STT), which showed up on Thursday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. State Street on Thursday rallied by 0.83% and posted a new 3-month high. In recent news on the stock, State Street on April 19 reported Q1 operating EPS of 88 cents versus the consensus of 86 cents. FT reported on May 16 that State Street plans to expand its securities services division. CLSA analyst Mike Mayo on May 12 reiterated his Outperform rating and said that recent weakness in State Street's stock related to the SEC investigation of bank processing of FX trading is overdone. State Street, with a market cap of $23 billion, is a major U.S. custody bank that provides investment servicing, investment management, investment research, and trading services.
How we found the Chart of the Day:
which showed up on today's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. 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: 10% Buy
- Long-Term Indicators: 33% Buy
- Overall Average 88% Buy
Barchart links for further information:
Quotes and Charts
Trader's Cheat Sheet™
Chart of the Day Archive
View Past Chart of the Day Reports
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