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Equities Trend Analysis: Tesoro Corporation (TSO), Carnival Corporation (CCL), Verizon Communications Inc. (VZ)

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Tesoro Corporation (TSO) grew with the stock adding 0.76% or $0.66 to close at $88.01 on light trading volume of 1.57M compared its three months average trading volume of 2.62M. The San Antonio Texas 78259 based company operating under the Oil & Gas Refining & Marketing industry has been trending up for the last 52 weeks, with the shares price now 28.33% up for the period and up by 0.64% so far this year. With price target of $105.63 and a 33.3% rebound from 52-week low, Tesoro Corporation has plenty of upside potential, making it a hold with a view buy.

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.

Carnival Corporation (CCL) had a light trading with around 2.76M shares changing hands compared to its three month average trading volume of 3.35M. The stock traded between $56.28 and $56.64 before closing at the price of $56.37 with -0.16% change on the day. The Miami Florida 33178 based company is currently trading 33.15% above its 52 week low of $42.84 and -2.46% below its 52 week high of $57.79. Both the RSI indicator and target price of  and $57.36 respectively, lead us to believe that it could rise over the coming weeks.

Carnival Corporation operates as a leisure travel and cruise company in North America, Europe, Australia, and Asia. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia. The company operates approximately 100 cruise ships. It also owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon, which owns and operates hotels, lodges, glass-domed railcars, and motor coaches. In addition, the company is involved in the leasing of cruise ships. It sells its cruises primarily through travel agents and tour operators. The company was incorporated in 1972 and is headquartered in Miami, Florida. Carnival Corporation is a subsidiary of Carnival Corporation & Plc.

Verizon Communications Inc. (VZ) saw its value decrease by -0.58% as the stock dropped $-0.28 to finish the day at a closing price of $48.27. The stock was higher in trading and has fluctuated between $46.01-$56.95 per share for the past year. The shares, which traded within a range of $47.99 to $48.47 during the day, are up by 4.49% in the past three months and down by -7.96% over the past six months. It is currently trading -3.02% below its 20 day moving average and -5.59% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $52.23 a share over the next twelve months. The current relative strength index (RSI) reading is 35.32.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

 

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