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Stocks in the Spotlight: The TJX Companies, Inc. (TJX), Tesoro Corporation (TSO), The Southern Company (SO)

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The TJX Companies, Inc. (TJX) had a active trading with around 4M shares changing hands compared to its three month average trading volume of 3.55M. The stock traded between $75.05 and $75.77 before closing at the price of $75.51 with 0.37% change on the day. The Framingham Massachusetts 01701 based company is currently trading 14.9% above its 52 week low of $67.41 and -9.09% below its 52 week high of $83.64. Both the RSI indicator and target price of 50.94 and $84.52 respectively, lead us to believe that it should be put on hold over the coming weeks.

The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer in the United States and internationally. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, and giftware; seasonal items; jewelry; and other merchandise. It operates stores under the T.J. Maxx, Marshalls, HomeGoods, Winners, HomeSense, T.K. Maxx, and Sierra Trading Post names, as well as operates e-commerce sites tjmaxx.com, tkmaxx.com, and sierratradingpost.com. As of July 30, 2016, the company operated a total of 3,675 stores in nine countries, which included the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, as well as through three e-commerce sites. The TJX Companies, Inc. was founded in 1956 and is headquartered in Framingham, Massachusetts.

Tesoro Corporation (TSO) continued its upward trend with the stock climbing 0.15% or $0.13 to close the day at $85.32 on active trading volume of 3.93M shares, compared to its three month average trading volume of 2.59M. The San Antonio Texas 78259 based company has been outperforming the oil & gas refining & marketing group over the past 52 weeks, with the stock gaining 19.01%, compared to the industry which has advanced 23.62% over the same period. With RSI of 56.74, the stock should still continue to rise and get closer to its one year target estimate of $105.13, making it a hold for now.

Tesoro Corporation, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. Its Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline, gasoline blend stocks, jet fuel, and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas, petroleum coke, calcined coke, and asphalt. This segment also sells refined products in the wholesale market primarily through independent unbranded distributors; and in the bulk market primarily to independent unbranded distributors, other refining and marketing companies, utilities, railroads, airlines, marine, and industrial end-users in the western United States. It owns and operates 6 refineries with a combined crude oil capacity of approximately 875 thousand barrels per day. The company’s TLLP segment owns and operates a network of approximately 3,500 miles of crude oil, refined products, and natural gas pipelines; 29 crude oil and refined products truck and marine terminals; and approximately 15 million barrels of storage capacity. This segment also owns and operates four natural gas processing complexes and one fractionation facility. The company’s Marketing segment sells gasoline and diesel fuel through retail stations, and third-party branded dealers and distributors in the western United States. As of December 31, 2015, this segment operated a network of 2,397 retail stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline, and Tesoro brands. The company was formerly known as Tesoro Petroleum Corporation and changed its name to Tesoro Corporation in November 2004. Tesoro Corporation was founded in 1968 and is headquartered in San Antonio, Texas.

The Southern Company (SO) shares were up in last trading by 0.92% to $49.22. It experienced lighter than average volume on day. The stock increased in value by almost 1.38% over the past week and grew 1.42% in the past month. It is currently trading 1.29% above its 50 day moving average and -1.21% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -7.89% decrease in value from its one year high of $54.64. The RSI indicator value of 56.76, lead us to believe that it is a hold for now.

The Southern Company, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi. The company also constructs, acquires, owns, and manages generation assets, including renewable energy projects. As of December 31, 2015, it operated 33 hydroelectric generating stations, 31 fossil fuel generating stations, 3 nuclear generating stations, 13 combined cycle/cogeneration stations, 16 solar facilities, 1 wind facility, 1 biomass facility, and 1 landfill gas facility. The company also provides digital wireless communications services with various communication options, including push to talk, cellular service, text messaging, wireless Internet access, and wireless data; and wholesale fiber optic solutions to telecommunication providers in the Southeast. The Southern Company was founded in 1945 and is headquartered in Atlanta, Georgia.

 

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