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Trader’s Buzzers: United States Steel Corporation (X), JPMorgan Chase & Co. (JPM), Brookdale Senior Living Inc. (BKD)

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United States Steel Corporation (X) traded within a range of $34.15 to $35.63 after opening the day at $34.9. The company has seen its stock increase in value by 7.54% so far this year. The stock was up close to 5.62% on light volume in last trading session and closed at $35.5 per share. After the recent gain, the stock is currently holding -9.3% below its 52 week high of $39.14 and 485.04% above its 12-month low of $6.15. The shares are up by over 98.25% in the last three months, and the RSI indicator value of 55.18 is neither bullish nor bearish, tempting investors to stay on the sidelines.

United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products. This segment serves customers in the automotive, consumer and the combined industrial, service center, and mining commercial markets. The USSE segment provides slabs, sheets, strip mill plates, tin mill products, and spiral welded pipes, as well as heating radiators and refractory ceramic materials. This segment serves customers in the construction, service center, conversion, container, transportation, appliance and electrical, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing; and standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. The company also provides railroad services; and owns, develops, and manages various real estate assets. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.

JPMorgan Chase & Co. (JPM) continued its upward trend with the stock climbing 0.29% or $0.25 to close the day at $86.43 on light trading volume of 13.97M shares, compared to its three month average trading volume of 17.42M. The New York New York 10017 based company has been outperforming the money center banks group over the past 52 weeks, with the stock gaining 51.07%, compared to the industry which has advanced 4.53% over the same period. With RSI of 67.83, the stock should still continue to rise and get closer to its one year target estimate of $84.62, making it a hold for now.

JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management segments. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans. The Corporate & Investment Bank segment provides investment banking products and services, including advising on corporate strategy and structure, capital-raising in equity and debt markets, as well as loan origination and syndication; treasury services, such as cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research services. It also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The Commercial Banking segment offers financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners. The Asset Management segment provides investment and wealth management services across various asset classes, such as equities, fixed income, alternatives, and money market funds; multi-asset investment management services; retirement services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. It has a strategic relationship with InvestCloud for the development of new digital capabilities for individual investors. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.

Brookdale Senior Living Inc. (BKD) gained $1.95 to close the day at a new closing price of $14.8, a 15.18% increase in value from its previous closing price that moved the stock 38.97% above its 52 week low of $10.65. A total of 13.97M shares exchanged hands during the day compared with its three month average trading volume of 4.11M. The stock, which fluctuated between $12.61 and $15.58 during the day, currently situated -23.79% below its 52 week high. The stock is up by 17.93% in the past one month and down by -8.47% over the past three months. With a one year target estimate of $16.14 and RSI of 70.24, the stock still has upside potential, making it a sell for now.

Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, Continuing Care Retirement Centers (CCRCs) – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens. The Assisted Living segment owns or leases communities consisting of freestanding, multi-story communities, and freestanding single story communities, which offer housing and 24-hour assistance with activities of daily life to mid-acuity frail and elderly residents. This segment also operates memory care communities for residents with Alzheimer’s disease and other dementias. The CCRCs – Rental segment owns or leases communities that offer various living arrangements and services to accommodate various levels of physical ability and health. The Brookdale Ancillary Services segment provides outpatient therapy, home health, and hospice services to residents of its communities, as well as to other senior living communities. The Management Services segment operates communities under the management agreements. As of December 31, 2015, the company operated 130 retirement center communities with 24,486 units; 915 assisted living communities with 62,567 units; and 78 CCRCs with 21,367 units, as well as owned or leased 959 communities with 81,067 units and provided management services with respect to 164 communities with 27,353 units for third parties or unconsolidated ventures. Brookdale Senior Living Inc. is headquartered in Brentwood, Tennessee.

 

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