Thursday, December 31, 2015

NK, OMCL: Bullish Trending Stocks

J M Smucker Co (NYSE: SJM)

The J. M. Smucker Company manufactures and markets branded food products worldwide. It operates through four segments: U.S. Retail Coffee; U.S. Retail Consumer Foods; U.S. Retail Pet Foods; and International, Foodservice, and Natural Foods. The company provides various consumer food and beverage products, including coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, canned milk, flour and baking ingredients, juices and beverages, frozen sandwiches, toppings, syrups, pickles, condiments, grain products, and nut mix products; and pet products comprising dry and wet dog food, dry and wet cat food, dog snacks, and cat snacks.
Take a look at the 1-year chart of J.M. (NYSE: SJM) below with added notations:
1-year chart of J.M. (NYSE: SJM)
Since the stock’s January low at $95, SJM has been trending higher and higher. Over the past month or so the stock has hit the same resistance at $125 (red). Yesterday SJM tried to break out above that $125 level, but ultimately the stock closed back below it. A close above the $125 level should lead to another leg higher for stock.

The Tale of the Tape: SJM has a 52-week resistance at $125. The possible long position on the stock would be on a breakout above that level with a stop placed under it.

SKUL: Oppenheimer Sees Near 100% Upside At Skullcandy

Skullcandy Inc SKUL  with an Outperform rating on Wednesday, seeing near 100 percent upside. A 12-to 18-month price target of $8 was set on shares.
Oppenheimer began coverage on

The stock closed at $4.78 on Tuesday.

Sean McGowan commented, "We are initiating coverage of Skullcandy (SKUL) with an Outperform rating and a 12- to 18-month price target of $8. Sales and profits in 2015 have been negatively affected by adverse currency moves, as well as by changes to its international distribution model."
Additionally, McGowan noted that retail promotional activity in the headphone category has been intense this holiday season. "We believe these factors are overshadowing very strong constant currency sales growth and market share gains. These factors may continue to weigh on the shares into 2016, but we expect that by this time next year," he said.

"SKUL's results will show better momentum. We expect the stock to trade up to at least $8 12-18 months from now, and believe it will Outperform the broader markets."

The company was founded in 2003 by Rick Alden, and focuses on audio products (music/media headsets and headphones, Bluetooth speakers and video game headsets) for music consumers and hard core video gamers.

Skullcandy's last IPO was in July 2011 at $20 per share; the stock has not seen that price since.
Sales of Skullcandy reached nearly $300 million in 2012. In 2013, the significant setbacks were experienced, with its sales dropping 29 percent. Shares are now below their 2013-era closing low of $5.11.