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Eye Catching Stocks: Tractor Supply Company (TSCO), Leucadia National Corporation (LUK), Washington Prime Group Inc. (WPG)

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Tractor Supply Company (TSCO) failed to extend gains with the stock declining -1.47% or $-1.09 to close the day at $73.16 on light trading volume of 1.05M shares, compared to its three month average trading volume of 1.56M. The Brentwood Tennessee 37027 based company has been underperforming the specialty retail, other group over the past 52 weeks, with the stock losing -11.36%, compared to the industry which has advanced 51.89% over the same period. With RSI of 41.34, the stock should still continue to rise and get closer to its one year target estimate of $83.33, making it a hold for now.

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use. As of December 31, 2016, it operated 1,595 retail stores in 49 states. The company operates its retail stores under the Tractor Supply Company, Del’s Feed & Farm Supply, and HomeTown Pet names. It also operates an e-commerce Website, TractorSupply.com. The company sells its products to recreational farmers, ranchers, and others, as well as tradesmen and small businesses. Tractor Supply Company was founded in 1938 and is based in Brentwood, Tennessee.

Leucadia National Corporation (LUK) climbed 1.12% during last trading as the stock added $0.27 to finish the day at $24.28 with about 1.05M shares changing hands, compared to its three month average trading volume of 1.51M. The $8.7B market cap company, which fluctuated between $24.19 and $24.46 during the day, currently situated 72.48% above its 52 week low of $14.27 and -1.3% away from its one year high of $24.6. The RSI of 57.23 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Leucadia National Corporation, a diversified holding company, engages in investment banking and capital markets, beef processing, manufacturing, oil and gas exploration and production, and asset management activities. Its services include equities research, sales, and trading; financing, securities lending, and other brokerage; wealth management; fixed income sales and trading; trade execution in foreign exchange, spot, forward, swap, and option contracts across currencies; equity and debt capital markets, as well as financial advisory in the areas of mergers and acquisition, restructuring, and recapitalization; equity and debt financing to companies, financial sponsors, and government entities; and investment management services to pension funds, insurance companies, and other institutional investors. The company also provides investment advisory, portfolio management, and operational services to accredited investors and qualified purchasers; and online foreign exchange trading and related services. In addition, it develops and owns residential and mixed-use real estate properties in California, New York, Florida, Virginia, South Carolina, and Maine; provides capital solutions, investment sales advisory, research, and services for multifamily and commercial properties; and purchases automobile installment contracts, as well as leases used Harley-Davidson motorcycles. Further, it processes and markets beef, beef by-products, pork, and leather; owns oil and gas properties in the Bakken field, as well as leases and develops oil and gas properties in Texas and Oklahoma; owns and operates 27 automobile dealerships; offers fixed wireless broadband services in Italy; manufactures and markets plastic netting and wood products; and mines gold and silver ores. The company was formerly known as Talcott National Corp. and changed its name to Leucadia National Corporation in June 1980. Leucadia National Corporation was founded in 1968 and is headquartered in New York, New York.

Washington Prime Group Inc. (WPG) saw its value decrease by -0.51% as the stock dropped $-0.05 to finish the day at a closing price of $9.67. The stock was lighter in trading and has fluctuated between $7.47-$14.15 per share for the past year. The shares, which traded within a range of $9.56 to $9.79 during the day, are up by 1.72% in the past three months and down by -21.91% over the past six months. It is currently trading -0.37% below its 20 day moving average and -3.87% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $10.9 a share over the next twelve months. The current relative strength index (RSI) reading is 45.56. The technical indicator lead us to believe there will be no major movement any time soon, hold.

Washington Prime Group Inc. (NYSE:WPG.WI) operates independently of Simon Property Group Inc. as of May 28, 2014.

 

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