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Momentum Stocks in Focus: The Mosaic Company (MOS), The Coca-Cola Company (KO), Comerica Incorporated (CMA)

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The Mosaic Company (MOS) managed to rebound with the stock climbing 1.29% or $0.4 to close the day at $31.37 on light trading volume of 5.1M shares, compared to its three month average trading volume of 5.1M. The Plymouth Minnesota 55441 based company has been outperforming the agricultural chemicals group over the past 52 weeks, with the stock gaining 36.58%, compared to the industry which has advanced 29.01% over the same period. With RSI of 54.05, the stock should still continue to rise and get closer to its one year target estimate of $27.26, making it a hold for now.

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients primarily for the agricultural industry worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names. The company also produces and sells potash for use in the manufacturing of mixed crop nutrients and animal feed ingredients, and for industrial use; and for use in the de-icing and as a water softener regenerant, as well as fluorosilicic acid for water fluoridation. In addition, it provides nitrogen-based crop nutrients and animal feed ingredients, and other ancillary services; and purchases and sells phosphates, potash, and nitrogen products. The company sells its products to wholesale distributors, retail chains, cooperatives, independent retailers, and national accounts. The Mosaic Company was founded in 2004 and is headquartered in Plymouth, Minnesota.

The Coca-Cola Company (KO) grew with the stock adding 0.46% or $0.19 to close at $41.57 on light trading volume of 12.65M compared its three months average trading volume of 13.5M. The Atlanta Georgia 30313 based company operating under the Beverages – Soft Drinks industry has been trending down for the last 52 weeks, with the shares price now -0.19% down for the period and up by 0.27% so far this year. With price target of $45.09 and a 4.24% rebound from 52-week low, The Coca-Cola Company has plenty of upside potential, making it a hold with a view buy.

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters. The company’s still beverages comprise nonalcoholic beverages without carbonation, including noncarbonated waters, flavored and enhanced waters, noncarbonated energy drinks, juices and juice drinks, ready-to-drink teas and coffees, and sports drinks. It also provides flavoring ingredients, sweeteners, beverage ingredients, and fountain syrups, as well as powders for purified water products. The Coca-Cola Company sells its products primarily under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glacéau Vitaminwater, Bonaqua/Bonaqa, Gold Peak, FUZE TEA, Glacéau Smartwater, and Ice Dew brand names. The company offers its beverage products through a network of company-owned or controlled bottling and distribution operators, as well as through independent bottling partners, distributors, wholesalers, and retailers. The Coca-Cola Company was founded in 1886 and is headquartered in Atlanta, Georgia.

Comerica Incorporated (CMA) continued its downward trend with the stock declining -0.84% or $-0.57 to close the day at $67.53 on lower than average trading volume of 1.37M shares, compared to its three month average trading volume of 2.17M. The Dallas Texas 75201 based company has been outperforming the money center banks companies by 30.1181% for last three months and its recent gains have offset losses to -0.85% YTD, versus the money center banks industry which is up 4.87% for the same period. The RSI of 48.83 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services to middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides small business banking and personal financial services, including consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers a range of consumer products consisting of deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services comprising fiduciary services, private banking, retirement services, investment management and advisory services, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The company operates in Texas, California, and Michigan, as well as in Arizona and Florida, the United States; Canada; and Mexico. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

 

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