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Traders Watch list: Arconic Inc. (ARNC), International Paper Company (IP), Cognizant Technology Solutions Corporation (CTSH)

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Arconic Inc. (ARNC) saw its value decrease by -0.32% as the stock dropped $-0.08 to finish the day at a closing price of $25.2. The stock was higher in trading and has fluctuated between $15.99-$25.86 per share for the past year. The shares, which traded within a range of $24.82 to $25.5 during the day, are up by 34.24% in the past three months and up by 8.49% over the past six months. It is currently trading 17.17% above its 20 day moving average and 22.14% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $23.2 a share over the next twelve months. The current relative strength index (RSI) reading is 81.2.The technical indicator do not lead us to believe the stock will see more gains any time soon.

Arconic Inc. develops and manufactures engineered products for aerospace, industrial gas turbine, commercial transportation, and oil and gas markets. It offers airfoils, fasteners, rings, forgings, extrusions, alloys, and industrial gas turbines; and titanium aero ingots and mill products, as well as multi-material airframe subassemblies, technologies, and materials, such as 3D printing and titanium aluminides. The company also provides aluminum sheets and plates for the aerospace, automotive, commercial transportation, brazing, and industrial markets. In addition, it provides forged aluminum truck wheels and other transportation products; aluminum curtain walls and front entry systems, including self-cleaning facades, and blast proof and hurricane resistant entrances for building and construction markets; and extrusions for trains, buildings, and various industrial applications. The company was founded in 2016 and is based in New York, New York.

International Paper Company (IP) shares were down in last trading by -5.58% to $53.35. It experienced higher than average volume on day. The stock decreased in value by almost -7.23% over the past week and fell -0.07% in the past month. It is currently trading 0.55% above its 50 day moving average and 14.81% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -9.36% decrease in value from its one year high of $58.86. The RSI indicator value of 43.99, lead us to believe that it is a hold for now.

International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Printing Papers segment produces printing and writing papers, such as uncoated papers for end use applications, including brochures, pamphlets, greeting cards, books, annual reports, and direct mail, as well as envelopes, tablets, business forms, and file folders. This segment sells uncoated papers under the Hammermill, Springhill, Williamsburg, Postmark, Accent, Great White, Chamex, Ballet, Rey, Pol, and Svetocopy brand names. It also produces pulp for manufacturing printing, writing, and specialty papers, as well as towels and tissues, filtration products, diapers, and sanitary napkins. The Consumer Packaging segment offers coated paperboards for various packaging and foodservice end uses, such as food, cosmetics, pharmaceuticals, and tobacco products under the Everest, Fortress, and Starcote brand names. This segment also produces cups, lids, food containers, and plates. The company sells its packaging products, paper products, and other products directly to end users and converters, as well as through agents, resellers, and paper distributors. International Paper Company was founded in 1898 and is headquartered in Memphis, Tennessee.

Cognizant Technology Solutions Corporation (CTSH) traded within a range of $51.58 to $52.82 after opening the day at $52.7. The company has seen its stock decrease in value by -7.76% so far this year. The stock was down close to -1.47% on active volume in last trading session and closed at $51.68 per share. After the recent fall, the stock is currently holding -18.27% below its 52 week high of $63.43 and 13.73% above its 12-month low of $45.44. The shares are up by over 0.35% in the last three months, and the RSI indicator value of 28.94 is bullish. They are not pointing to a rebound in the stock. We should get in as it looks to have found a bottom.

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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