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Stocks To Watch: ConocoPhillips (COP), The Kroger Co. (KR), CenturyLink, Inc. (CTL)

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ConocoPhillips (COP) traded within a range of $49.81 to $50.54 after opening the day at $50.03. The company has seen its stock decrease in value by 0% so far this year. The stock was up close to 0.66% on light volume in last trading session and closed at $50.14 per share. After the recent gain, the stock is currently holding -5.7% below its 52 week high of $53.17 and 64.33% above its 12-month low of $31.82. The shares are up by over 9.64% in the last three months, and the RSI indicator value of 51.05 is neither bullish nor bearish, tempting investors to stay on the sidelines.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. Its portfolio includes resource-rich North American tight oil and oil sands assets; lower-risk legacy assets in North America, Europe, Asia, and Australia; various international developments; and an inventory of conventional and unconventional exploration prospects. The company was founded in 1917 and is headquartered in Houston, Texas.

The Kroger Co. (KR) failed to extend gains with the stock declining -0.03% or $-0.01 to close the day at $33.48 on light trading volume of 5.97M shares, compared to its three month average trading volume of 7.73M. The Cincinnati Ohio 45202 based company has been underperforming the grocery stores group over the past 52 weeks, with the stock losing -7.14%, compared to the industry which has advanced 3.44% over the same period. With RSI of 47.8, the stock should still continue to rise and get closer to its one year target estimate of $36, making it a hold for now.

The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items. The company’s marketplace stores comprise full-service grocery, pharmacy, health and beauty departments, and perishable goods, as well as general merchandise, including apparel, home goods, and toys. It operates under the banner brands, such as Kroger, Ralphs, Fred Meyer, King Soopers, etc., as well as Simple Truth and Simple Truth Organic brands. As of January 30, 2016, the company operated 2,778 retail food stores, including 1,387 fuel centers; 784 convenience stores; and 323 fine jewelry stores and an online retail store, as well as franchised 78 convenience stores. The Kroger Co. was founded in 1883 and is headquartered in Cincinnati, Ohio.

CenturyLink, Inc. (CTL) gained $0.07 to close the day at a new closing price of $24.49, a 0.29% increase in value from its previous closing price that moved the stock 9.47% above its 52 week low of $22.86. A total of 5.88M shares exchanged hands during the day compared with its three month average trading volume of 7.91M. The stock, which fluctuated between $24.22 and $24.52 during the day, currently situated -25.19% below its 52 week high. The stock is down by -2.97% in the past one month and up by 3.03% over the past three months. With a one year target estimate of $28.58 and RSI of 38.26, the stock still has upside potential, making it a hold for now.

CenturyLink, Inc. provides various communications services to residential, business, wholesale, and governmental customers in the United States. It operates through two segments, Business and Consumer. The company offers high-speed Internet services, which allow customers to connect to the Internet through their existing telephone lines or fiber-optic cables; multi-protocol label switching, a data networking technology to support real-time voice and video; and private line services for the transmission of data between sites. It also provides Ethernet services, including point-to-point and multi-point equipment configurations that facilitate data transmissions across metropolitan areas and wide area networks (WAN); colocation services that enable its customers to install their own information technology (IT) equipment; and managed hosting services comprising cloud and traditional computing, application management, back-up, storage, and other services. In addition, the company offers video entertainment services and satellite digital television; Voice over Internet Protocol, a real-time, two-way voice communication service; and managed services that consist of network, hosting, cloud, and IT services. Further, it provides local calling, long-distance voice, integrated services digital network, WAN, and switched access services; and data integration, which includes the sale of telecommunications equipment and providing network management, installation, and maintenance of data equipment, and the building of proprietary fiber-optic broadband networks. Additionally, the company leases and subleases space in its office buildings, warehouses, and other properties. As of December 31, 2015, it served approximately 6 million high-speed Internet subscribers and 285 thousand television subscribers; and operated 59 data centers in North America, Europe, and Asia. CenturyLink, Inc. was founded in 1968 and is headquartered in Monroe, Louisiana.

 

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