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Momentum Stocks: Prudential Financial, Inc. (PRU), Tyson Foods, Inc. (TSN), United Technologies Corporation (UTX)

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Prudential Financial, Inc. (PRU) grew with the stock adding 0.33% or $0.36 to close at $108.75 on active trading volume of 2.71M compared its three months average trading volume of 2.3M. The Newark New Jersey 07102 based company operating under the Life Insurance industry has been trending up for the last 52 weeks, with the shares price now 94.36% up for the period and up by 4.51% so far this year. With price target of $110.29 and a 97.12% rebound from 52-week low, Prudential Financial, Inc. has plenty of upside potential, making it a hold with a view buy.

Prudential Financial, Inc., through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It offers primarily life insurance, annuities, retirement-related, mutual funds, and investment management products and services. The company operates through U.S. Retirement Solutions and Investment Management, U.S. Individual Life and Group Insurance, and International Insurance divisions. The U.S. Retirement Solutions and Investment Management division provides individual variable and fixed annuity products; and recordkeeping, plan administration, actuarial advisory, tailored participant education and communication, trustee, and institutional and retail investment services. It also offers brokerage services; guaranteed investment contracts, funding agreements, structured settlement annuities, and other group annuities; and investment management and advisory services to the public and private marketplace. The U.S. Individual Life and Group Insurance division provides individual variable, term, and universal life insurance products to mass middle, mass affluent, and affluent markets; group life; long-term and short-term group disability; and group corporate, bank, and trust-owned life insurance products to institutional clients. It also sells accidental death and dismemberment, and other ancillary coverages; and offers plan administrative services. The International Insurance division provides individual life insurance, retirement, and related products. The company serves individual and institutional customers through third-party broker-dealers, independent financial planners, financial professionals, third-party financial advisors, brokers, benefits consultants, sales force, wire houses, banks, general agencies, producer groups, life planners, and life consultants. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.

Tyson Foods, Inc. (TSN) had a light trading with around 2.69M shares changing hands compared to its three month average trading volume of 3.95M. The stock traded between $64.75 and $65.49 before closing at the price of $65.06 with -0.5% change on the day. The Springdale Arkansas 72762 based company is currently trading 17.21% above its 52 week low of $55.72 and -15.23% below its 52 week high of $77.05. Both the RSI indicator and target price of  and $70.33 respectively, lead us to believe that it could rise over the coming weeks.

Tyson Foods, Inc., together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats. It also supplies poultry breeding stock; sells allied products, such as hide and meats; and manufactures and markets frozen and refrigerated food products, including pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, flour and corn tortilla products, desserts, appetizers, snacks, prepared meals, ethnic foods, soups, sauces, side dishes, meat dishes, breadsticks, and processed meats. Tyson Foods, Inc. offers its products primarily under the Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Van’s, Sara Lee, Chef Pierre, Wright, Aidells, State Fair, Gallo Salame, and Golden Island brands. The company sells its products through its sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors, live markets, international export companies, and domestic distributors, as well as through independent brokers and trading companies. Tyson Foods, Inc. was founded in 1935 and is headquartered in Springdale, Arkansas.

United Technologies Corporation (UTX) saw its value increase by 0.87% as the stock gained $0.96 to finish the day at a closing price of $111.05. The stock was lighter in trading and has fluctuated between $85.56-$112.83 per share for the past year. The shares, which traded within a range of $110.08 to $111.26 during the day, are up by 6.61% in the past three months and up by 2.96% over the past six months. It is currently trading 0.8% above its 20 day moving average and 0.98% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $117.93 a share over the next twelve months. The current relative strength index (RSI) reading is 54.24.The technical indicator lead us to believe there will be no major movement any time soon, hold.

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services. The company’s UTC Climate, Controls & Security segment provides heating, ventilating, air conditioning, and refrigeration solutions, such as controls for residential, commercial, industrial, and transportation applications. This segment offers electronic security products, including intruder alarms, access control systems, and video surveillance systems; fire safety products; and design, installation, systems integration, repair, maintenance, monitoring, and inspection services. Its Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation markets; and provides aftermarket maintenance, repair, and overhaul, as well as fleet management services. The company’s UTC Aerospace Systems segment provides electric power generation, power management, and distribution systems; air data and aircraft sensing systems; engine control, intelligence, surveillance, and reconnaissance systems; engine components; environmental control systems; fire and ice detection, and protection systems; propeller systems; engine nacelle systems; aircraft lighting and seating, and cargo systems; actuation and landing systems; space products and subsystems; and aftermarket services. United Technologies Corporation offers its services through manufacturers’ representatives, distributors, wholesalers, dealers, retail outlets, and sales representatives, as well as directly to customers. United Technologies Corporation was founded in 1934 and is headquartered in Farmington, Connecticut.

 

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