Summary

• Turning Point Brands (TPB) has shown exceptional price appreciation, gaining 45.94% since the Trend Seeker buy signal on 9/19, with 100% technical buy signals.

• The company operates through three segments: Zig-Zag Products, Stoker's Products, and Creative Distribution Solutions, offering a diverse range of tobacco and non-tobacco products.

• Fundamental factors include a market cap of $1.10 billion, P/E of 20.76, and expected revenue and earnings growth over the next two years.

• Analysts are bullish with 3 strong buy and 1 buy ratings, but caution is advised due to the stock's volatility and speculative nature.

The Chart of the Day belongs to the tobacco products company Turning Point Brands (TPB) . 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 9/19 the stock gained 45.94%.

TPB Price vs Daily Moving Averages:

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand. The Stoker's Products segment manufactures and markets moist snuff tobacco and loose-leaf chewing tobacco products under the Stoker's, Beech-Nut, Durango, Trophy, and Wind River brands. Its Creative Distribution Solutions segment market and distribute other products without tobacco and/or nicotine to individual consumers through VaporFi B2C online platform, as well as non-traditional retail through VaporBeast. In addition, it markets and distributes cannabis accessories and tobacco products. The company sells its products to wholesale distributors and retail merchants in the independent and chain convenience stores, tobacco outlets, food stores, mass merchandising, drug store, and non-traditional retail channels. The company was formerly known as North Atlantic Holding Company, Inc. and changed its name to Turning Point Brands, Inc. in November 2015. Turning Point Brands, Inc. was founded in 1988 and is headquartered in Louisville, Kentucky. 

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
• 202.43 Weighted Alpha
• 168.69% gain in the last year
• Trend Seeker buy signal
• .63 - 60 month Beta
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 44.97% in the last month
• Relative Strength Index 87.94%
• Technical support level at $61.13
• Recently traded at $62.31 with 50 day moving average of $45.94

Fundamental Factors:

• Market Cap $1.10 billion
• P/E 20.76
• Dividend yield .44%
• Revenue expected to grow 1.99% this year and another 2.01% next year
• Earnings are estimated to increase 13.23% this year and an additional 7.28% next year

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 3 strong buy and 1 buy opinion on the stock
• Analysts' price targets are between $55 and $65
• Value Line rates the stock it's above average rating of 2 but has a price target of $44 or 30% over valued and comments:" Turning Point Brands made a strong showing in the second quarter. Revenues were up just under 3% year over year, slightly beating our estimate. Earnings per share, meanwhile, rose 14%, well ahead of our expectations."
• CFRAs MarketScope rates the stock a buy
• MorningStar gives the stock its average rating of 3 with a Fair Value of $56 or 12% over valued
• 4,320 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.