Barchart.com's Chart of the Day - McCormick
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 MKC - Mccormick & Company Inc
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MKC150.00+1.36+0.91%

The Barchart Chart of the Day belongs to the food products company McCormick (MKC). I found the stock buy using Barchart to sort today's Top Stocks to Own list by the highest Weighted Alpha, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 10/1 the stock gained 6.05%.

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts. This segment markets its products under the McCormick, French, Frank's RedHot, Lawry's, Club House, Gourmet Garden, OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahin brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brand names in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors or wholesalers. The Industrial segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and food service customers. It serves food service customers directly and indirectly through distributors. McCormick & Company, Incorporated was founded in 1889 and is headquartered in Hunt Valley, Maryland.

MKC

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 website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 51.70+Weighted Alpha
  • 41.54% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 8.28% in the last month
  • Relative Strength Index 72.86%
  • Technical support level at 139.03
  • Recently traded at 140.65 with a 50 day moving average of 129.69

Fundamental factors:

  • Market Cap $139.03
  • P/E 28.45
  • Dividend yield 1.48%
  • Revenue predicted to grow 13.10% this year and another 3.40% next year
  • Earnings estimated to increase 17.10% this year, an additional 7.80% next year and continue to compound at an annual rate of 10.54% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 3 hold and 1 sell recommendation on the stock