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3 Stocks to Watch For: Best Buy Co., Inc. (BBY), UnitedHealth Group Incorporated (UNH), Hormel Foods Corporation (HRL)

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Best Buy Co., Inc. (BBY) saw its value decrease by -1.2% as the stock dropped $-0.55 to finish the day at a closing price of $45.37. The stock was lighter in trading and has fluctuated between $28.76-$49.4 per share for the past year. The shares, which traded within a range of $45.14 to $46.22 during the day, are up by 14.45% in the past three months and up by 38.09% over the past six months. It is currently trading 2.38% above its 20 day moving average and 0.72% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $45.45 a share over the next twelve months. The current relative strength index (RSI) reading is 53.56.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates through two reportable segments, Domestic and International. Its stores provide consumer electronics, such as home theater, home automation, digital imaging, health and fitness, and portable audio products; computing and mobile phones, including computing and peripherals, networking, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, such as gaming hardware and software, movie, music, technology toy, and other software products. The company’s stores also offer appliances, which include refrigeration and laundry appliances, dishwashers, ovens, coffee makers, blenders, etc.; and other products comprising snacks, beverages, and other sundry items. In addition, it provides services, such as consultation, design, delivery, installation, set-up, protection plan, repair, technical support, and educational services. The company offers its products through stores and Websites under the Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, Pacific Kitchen and Home, bestbuy.com.ca, bestbuy.com.mx, and Geek Squad brand names, as well as through call centers. As of January 30, 2016, it had approximately 1,200 large-format and 400 small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota.

UnitedHealth Group Incorporated (UNH) shares were down in last trading by -0.39% to $163.65. It experienced lighter than average volume on day. The stock increased in value by almost 2% over the past week and grew 3.75% in the past month. It is currently trading 1.6% above its 50 day moving average and 13.27% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -0.75% decrease in value from its one year high of $164.97. The RSI indicator value of 58.2, lead us to believe that it is a hold for now.

UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, individuals, and military service members; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services. It also provides services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, Children’s Health Insurance Program, and health care programs; and health services, including commercial health and dental benefits. This segment serves through a network of 1 million physicians and other health care professionals, as well as approximately 6,000 hospitals and other facilities. Its OptumHealth segment offers health management services, including care delivery and management, wellness and consumer engagement, distribution, and health financial services. This segment serves individuals through programs offered by employers, payers, government entities, and directly with the care delivery systems. The company’s OptumInsight segment provides software and information products, and business process outsourcing and support services to hospital systems, physicians, health plans, governments, life sciences companies, and other organizations. Its OptumRx segment offers pharmacy care services and programs, including retail network contracting, home delivery and specialty pharmacy, and purchasing and clinical, as well as develops programs in areas, such as step therapy, formulary management, drug adherence, and disease/drug therapy management. UnitedHealth Group Incorporated was founded in 1974 and is based in Minnetonka, Minnesota.

Hormel Foods Corporation (HRL) traded within a range of $37.03 to $37.97 after opening the day at $37.77. The company has seen its stock increase in value by 7.5% so far this year. The stock was down close to -1.66% on active volume in last trading session and closed at $37.24 per share. After the recent fall, the stock is currently holding -17.21% below its 52 week high of $44.73 and 12.78% above its 12-month low of $33.18. The shares are up by over 4.85% in the last three months, and the RSI indicator value of 61.53 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Hormel Foods Corporation produces and markets various meat and food products worldwide. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It provides various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products comprising canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, flour and corn tortillas, salsas, tortilla chips, peanut butter, and other products. The company also offers poultry products, such as turkey products; and nutritional food products and supplements, sugar and sugar substitutes, dessert and drink mixes, and industrial gelatin products. It sells its products through sales personnel, as well as through independent brokers and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

 

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