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3 Stocks in Focus: International Business Machines Corporation (IBM), SunTrust Banks, Inc. (STI), First Data Corporation (FDC)

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International Business Machines Corporation (IBM) fell -0.14% during last trading as the stock lost $-0.25 to finish the day at $181.43 with about 3.25M shares changing hands, compared to its three month average trading volume of 3.58M. The $171.09B market cap company, which fluctuated between $180.87 and $182.79 during the day, currently situated 54.87% above its 52 week low of $129.68 and -0.27% away from its one year high of $182.79. The RSI of 74.86 indicates the stock is overbought at the current levels, sell for now.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure services, such as IT outsourcing, integrated technology, cloud, and technology support services. Its Global Business Services segment offers consulting and systems integration services for strategy and transformation, application innovation services, enterprise applications, and analytics; application management, maintenance, and support services; and processing platforms and business process outsourcing services. The company’s Software segment provides middleware and operating systems software, including WebSphere software to integrate and manage business processes; information management software that enables clients to integrate, manage, and analyze data from various sources; Tivoli software that manages business infrastructure in real time; Workforce Solutions, which enables businesses to connect people and processes; and Rational software that supports software development. This segment also provides Watson software to interact in natural language, process big data, and learn from interactions with people and computers; Watson Health that offers data analytics and insights of individual health; and Watson Internet of Things that allows direct sensing and communication of data. Its Systems Hardware segment offers infrastructure technologies, such as servers for businesses, organizations, and technical computing applications; and data storage products and solutions. The company’s Global Financing segment provides lease and loan financing; commercial financing to suppliers, distributors, and remarketers; and remanufacturing and remarketing services. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. The company was founded in 1910 and is headquartered in Armonk, New York.

SunTrust Banks, Inc. (STI) dropped $-0.19 to close the day at a new closing price of $59.85, a -0.32% decrease in value from its previous closing price that moved the stock 87.5% above its 52 week low of $32.14. A total of 3.24M shares exchanged hands during the day compared with its three month average trading volume of 3.7M. The stock, which fluctuated between $59.34 and $60.1 during the day, currently situated -0.76% below its 52 week high. The stock is up by 10.1% in the past one month and up by 14.83% over the past three months. With a one year target estimate of $59.9 and RSI of 67.09, the stock still has upside potential, making it a hold for now.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Management segment offers deposits, home equity lines and loans, credit lines, indirect auto loans, student loans, bank cards, and other lending products, as well as various services. This segment also provides wealth management products and professional services, including brokerage, professional investment management, and trust services; and family office solutions. The Wholesale Banking segment offers corporate and investment banking solutions, such as advisory, capital raising, and financial risk management, as well as lease financing solutions; cash management services, auto dealer financing, and corporate insurance premium financing solutions; and construction, mini-perm, and permanent real estate financing, as well as tailored financing and equity investment solutions. This segment also provides treasury and payment solutions, including operating various electronic and paper payment types, such as card, wire transfer, automated clearing house, check, and cash; and offers clients to manage their accounts online. The Mortgage Banking segment provides residential mortgage products in the secondary market. The company offers its products and services through a network of traditional and in-store branches, automated teller machines, Internet, mobile, and telephone banking channels. As of December 31, 2015, it operated 1,401 full-service banking offices located in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. The company was founded in 1891 and is headquartered in Atlanta, Georgia.

First Data Corporation (FDC) had a light trading with around 3.22M shares changing hands compared to its three month average trading volume of 3.89M. The stock traded between $16.08 and $16.3 before closing at the price of $16.18 with -0.12% change on the day. The Atlanta Georgia 30342 based company is currently trading 68.28% above its 52 week low of $9.9 and -2.71% below its 52 week high of $16.63. Both the RSI indicator and target price of 63.29 and $17.25 respectively, lead us to believe that it should be put on hold over the coming weeks.

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions. The Global Business Solutions segment offers retail point-of-sale merchant acquiring and e-commerce services; and next-generation offerings, such as mobile payment services and webstore-in-a-box solutions, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications. The Global Financial Solutions segment provides credit solutions for bank and non-bank issuers, including credit and retail private-label card processing solutions; and licensed financial software systems, such as VisionPLUS bank processing application and lending solutions. This segment also offers a suite of related services, including card personalization and embossing, statement printing, client service, and remittance processing services to financial institutions. The Network & Security Solutions segment provides various value-added solutions, which include electronic funds transfer network solutions, such as debit card processing solutions; stored value network solutions; and security and fraud management solutions. This segment also supports its online and mobile banking digital strategies, and its business supporting mobile wallets. First Data Corporation was founded in 1989 and is headquartered in Atlanta, Georgia.

 

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