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Stocks in Review: BB&T Corporation (BBT), Kate Spade & Company (KATE), Cognizant Technology Solutions Corporation (CTSH)

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BB&T Corporation (BBT) traded within a range of $45.15 to $45.75 after opening the day at $45.32. The company has seen its stock decrease in value by -3.45% so far this year. The stock was down close to -0.04% on light volume in last trading session and closed at $45.4 per share. After the recent fall, the stock is currently holding -5.12% below its 52 week high of $47.85 and 55.23% above its 12-month low of $29.95. The shares are up by over 17.43% in the last three months, and the RSI indicator value of 41.63 is neither bullish nor bearish, tempting investors to stay on the sidelines.

BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services. The company’s deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. Its loan portfolio comprises commercial, financial and agricultural, real estate construction and land development, real estate mortgage, and consumer loans. The company also provides asset management, automobile lending, bankcard lending, consumer finance, home equity and mortgage lending, insurance, investment brokerage, mobile/online banking, payment, sales finance, small business lending, and wealth management/private banking services. In addition, it offers association, capital markets, institutional trust, insurance premium finance, international banking, leasing, merchant, mortgage warehouse lending, private equity investments, real estate lending, and supply chain management services. Further, the company provides retail brokerage, equity and debt underwriting, investment advice, corporate finance, and equity research services, as well as facilitates the origination, trading, and distribution of fixed-income securities and equity products. As of April 4, 2016, it operated approximately 2,265 financial centers in 15 states and Washington, D.C. The company was founded in 1872 and is headquartered in Winston-Salem, North Carolina.

Kate Spade & Company (KATE) managed to rebound with the stock climbing 3.6% or $0.64 to close the day at $18.4 on active trading volume of 4.44M shares, compared to its three month average trading volume of 4.03M. The New York New York 10016 based company has been outperforming the textile – apparel clothing group over the past 52 weeks, with the stock gaining 14.86%, compared to the industry which has dropped -6.91% over the same period. With RSI of 60.41, the stock should still continue to rise and get closer to its one year target estimate of $19.87, making it a hold for now.

Kate Spade & Company, together with its subsidiaries, designs and markets apparel and accessories. The company operates in three segments: KATE SPADE North America, KATE SPADE International, and Adelington Design Group. It offers briefcases, handbags, small leather goods, fashion accessories, jewelry, fragrances, and apparel for men, women, and children; and licensed products, including footwear, swimwear, watches, children’s wear, optics, tabletop products, legwear, electronics cases, furniture, bedding, and stationery. The company markets and sells its products under the AXCESS, KATE SPADE SATURDAY, JACK SPADE, MARVELLA, KATE SPADE, MONET, kate spade new York, and TRIFARI brand names. It also designs, develops, and supplies jewelry for the LIZ CLAIBORNE and MONET brands; licenses LIZ CLAIBORNE NEW YORK and LIZWEAR brands. The company sells its products through wholly-owned specialty retail and outlet stores, specialty retail and upscale department stores, and concession stores and upscale wholesale accounts; and a network of distributors, as well as e-commerce Websites. As of January 2, 2016, it had 104 specialty retail stores and 64 outlet stores in the United States; and 22 specialty retail stores and 13 outlet stores internationally, as well as 54 concessions. The company was formerly known as Fifth & Pacific Companies, Inc. and changed its name to Kate Spade & Company in February 2014. Kate Spade & Company was founded in 1976 and is based in New York, New York.

Cognizant Technology Solutions Corporation (CTSH) dropped $-0.68 to close the day at a new closing price of $56.17, a -1.2% decrease in value from its previous closing price that moved the stock 23.61% above its 52 week low of $45.44. A total of 4.4M shares exchanged hands during the day compared with its three month average trading volume of 6.23M. The stock, which fluctuated between $55.67 and $56.95 during the day, currently situated -11.45% below its 52 week high. The stock is down by -0.44% in the past one month and up by 12.16% over the past three months. With a one year target estimate of $63.88 and RSI of 47.59, the stock still has upside potential, making it a hold for now.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Its consulting and technology services include IT strategy consulting, program management consulting, operations improvement consulting, strategy consulting, and business consulting services; and application design and development, systems integration, enterprise resource planning, and customer relationship management implementation services. The company also offers enterprise information management services, such as strategic, advisory, and management consulting; enterprise data management; descriptive analytics/business intelligence; strategic corporate performance management; and packaged analytics services, as well as big data services that assist clients in managing and deriving actionable insights. In addition, it provides application testing services; and develops, licenses, implements, and supports proprietary and third-party software products, as well as offers digital technologies services. Further, the company offers outsourcing services, such as application maintenance services; IT infrastructure services; and business process services, including clinical data management, pharmacovigilance, equity research support, commercial operations, and order management. It serves various industries, including banking and insurance; healthcare and life sciences; manufacturing and logistics; retail, travel, and hospitality; consumer goods; communications; information, media, and entertainment; and technology. The company markets and sells services through its professional staff, senior management, and direct sales personnel. Cognizant Technology Solutions Corporation was founded in 1998 and is headquartered in Teaneck, New Jersey.

 

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