Monday, October 12, 2009

Weekly Stock Pick

Buy Sell Hold
The Market Week Ahead

1st rule of money in times like this . . . protect your money. Earnings season is coming into full swing. Will the earnings reports support current stock prices? Will it resist higher prices? Click the Earnings Whispers Reports that can give you an advantage. We currently like the energy, precious metals, agricultural commodities, and selected hi-tech companies. Cabot Oil & Gas Ticker COG, Forest Oil Ticker FST, RPC Oil Gas Services Ticker RES, all look up currently.
Debt, Debt, and More Debt

Click here for the USA Debt Clock

Debt caution, the US government bond market looks to possibly be the next financial bubble to blow up because of unsustainable loaning borrowing before and now. The bull market in the US Treasury market may be over now for quite some time. Also, the global currency market looks like it could easily have a crisis coming soon. Again too much debt is the current and still looming problem. Too much money printing started this mess, and too much money printing is being used to try to fix the problem. There are always consequences for everything we do in life, which will have to be paid for later. The question is who will pay for it?

This Weeks Important Data Reports

Monday: Japan Bank Lending

Wednesday: UK Jobless Claims, Advance Retail Sales, Import Price Index, and FOMC Meeting Minutes. New Zealand Consumer Price Index.

Thursday: USA Consumer Price Index and Initial Jobless Claims,
Friday: University of Michigan Confidence Survey.

My Stock Pick This Week

Is a cash rich company involved in secure money transportation, and other extremely high value product transportation. Basically they are the largest armored car service worldwide. Currently all the news and analysis on this company has been negative in the last few months at least. The chart seems to show that with a nice bottoming formation now. I’m ready to go long on this stock with a very tight stop-loss.

Buy Long Brinks – Ticker BCO

Buy Entry: 25.00 to 25.85

Stop-Loss: 24.92

Take Profit Areas: 26.70 to 28.40, 31.43 to 33.07, 34.46 to 36.26, 40.69 to 42.82, 48.89 to 51.45

Brinks Company Profile

The Brink's Company, together with its subsidiaries, provides secure transportation, cash logistics, and other security-related services to banks and financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations worldwide. Its services include cash-in-transit armored car transportation; automated teller machine services, including cash replenishment, monitoring and forecasting capabilities, deposit pick-up, and processing services; arranging secure long-distance transportation of valuables comprising including diamonds, jewelry, precious metals, securities, currency, high-tech devices, electronics, and pharmaceuticals. The company also provides cash logistics services, including money processing and cash management; deploying and servicing intelligent safes and safe control devices, including its patented CompuSafe; integrated check and cash processing; and check imaging. In addition, it offers guarding services to protect airports, offices, warehouses, stores, and public venues with electronic surveillance, access control, fire prevention, and patrolling personnel. The company was founded in 1838 and is based in Richmond, Virginia.

Click here to review and trial the Trading Software we used in determining our buy long position on BCO.

Click the Brinks Stock Chart for a larger view.