Summary
Brookfield Asset Management (BAM) shows strong technical indicators with 100% buy signals, 84.64+ Weighted Alpha, and a 33.49% gain since 8/27.
The firm specializes in alternative asset management across renewable energy, infrastructure, private equity, real estate, credit, and insurance sectors.
Fundamental factors are robust with a $25.31 billion market cap, projected revenue growth of 6.20% this year, and 18.50% next year.
Analysts have mixed views: 5 strong buys, 1 buy, 4 holds, 2 sells, with price targets ranging from $32 to $68.
The Chart of the Day belongs to alternative asset management firm Brookfield Asset Management (BAM) I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 8/27 the stock gained 33.49%.
BAM Price vs Daily Moving Averages:
Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors. In addition, its private equity business offers industrial, infrastructure, and business services sectors; and real estate business, which includes housing, logistics, hospitality, science and innovation, office, and retail sectors. Further, it provides credit business; and insurance solution in the reinsurance, annuities, operating platform, and investment solutions sectors. Brookfield Asset Management Ltd. was incorporated in 2022 and is headquartered in Toronto, Canada.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 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
- 84.64+ Weighted Alpha
- 81.79% gain in the last year
- Trend Seeker buy signal
- 1.42 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 18.40% in the last month
- Relative Strength Index 73.83%
- Technical support level at $55.18
- Recently traded at $55.92 with 50 day moving average of $48.08
Fundamental Factors:
- Market Cap $25.31 billion
- Revenue expected to grow 6.20% this year and another 18.50% next year
- Earnings are estimated to increase 4.40% this year, an additional 19.60% next year and continue to compound at an annual rate of 15.42% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 5 strong buy, 1 buy, 4 hold and 2 sell opinions on the stock
- Analysts' price targets are between $32 and $68
- CFRAs MarketScope rates the stock a hold with a price target of $57
- MorningStar gives the stock its lowest rating of 1
- 53,040 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
