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Equities Trend Analysis: CVS Health Corporation (CVS), Occidental Petroleum Corporation (OXY), Philip Morris International Inc. (PM)

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CVS Health Corporation (CVS) grew with the stock adding 0.05% or $0.04 to close at $79.45 on light trading volume of 4.96M compared its three months average trading volume of 7.75M. The Woonsocket Rhode Island 02895 based company operating under the Health Care Plans industry has been trending down for the last 52 weeks, with the shares price now -16.39% down for the period and up by 1.29% so far this year. With price target of $86.04 and a 15.34% rebound from 52-week low, CVS Health Corporation has plenty of upside potential, making it a hold with a view buy.

CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services. It operates through Pharmacy Services and Retail/LTC segments. The Pharmacy Services segment offers pharmacy benefit management solutions, such as plan design and administration, formulary management, Medicare Part D services, mail order, specialty pharmacy and infusion services, retail pharmacy network management services, prescription management systems, clinical services, disease management programs, and medical pharmacy management services. This segment serves employers, insurance companies, unions, government employee groups, health plans, Medicare Part D plans, managed Medicaid plans, plans offered on public and private exchanges, other sponsors of health benefit plans, and individuals under the CVS Caremark Pharmacy Services, Caremark, CVS Caremark, CarePlus CVS Pharmacy, CVS Specialty, Accordant, SilverScript, NovoLogix, Coram, Navarro Health Services, and ACS Pharmacy names. As of December 31, 2016, it had 23 retail specialty pharmacy stores, 13 specialty mail order pharmacies and 4 mail order dispensing pharmacies, and 84 branches for infusion and enteral services. The Retail/LTC segment sells prescription drugs, over-the-counter drugs, beauty products and cosmetics, personal care products, convenience foods, seasonal merchandise, and greeting cards, as well as offers photo finishing services. It has 9,709 retail stores in 49 states, the District of Columbia, Puerto Rico, and Brazil primarily under the CVS Pharmacy, CVS, CVS Pharmacy y más, Longs Drugs, Navarro Discount Pharmacy, and Drogaria Onofre names; online retail pharmacy Websites; and 38 onsite pharmacy stores, long-term care pharmacy operations, and retail health care clinics. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was founded in 1892 and is headquartered in Woonsocket, Rhode Island.

Occidental Petroleum Corporation (OXY) had a active trading with around 4.9M shares changing hands compared to its three month average trading volume of 4.72M. The stock traded between $66.36 and $67.38 before closing at the price of $66.44 with -1.15% change on the day. The Houston Texas 77046 based company is currently trading 4.34% above its 52 week low of $64.37 and -13.78% below its 52 week high of $78.48. Both the RSI indicator and target price of  and $76.3 respectively, lead us to believe that it could rise over the coming weeks.

Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. The Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer and polyvinyl chloride; and other chemicals, such as resorcinol. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity, as well as oil, NGLs, gas, and other commodities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.

Philip Morris International Inc. (PM) saw its value increase by 0.06% as the stock gained $0.06 to finish the day at a closing price of $102.99. The stock was higher in trading and has fluctuated between $86.78-$104.2 per share for the past year. The shares, which traded within a range of $102.32 to $103.13 during the day, are up by 19.06% in the past three months and up by 4.95% over the past six months. It is currently trading 4.35% above its 20 day moving average and 9.83% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $103.81 a share over the next twelve months. The current relative strength index (RSI) reading is 80.93.The technical indicator do not lead us to believe the stock will see more gains any time soon.

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Merit, Parliament, Virginia S., L&M, Philip Morris, Bond Street, Chesterfield, Lark, Muratti, Next, and Red & White. The company also owns various cigarette brands, such as Dji Sam Soe, Sampoerna, and U Mild in Indonesia; Champion, Fortune, and Jackpot in the Philippines; Apollo-Soyuz and Optima in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. It markets and sells its products in the European Union, Eastern Europe, the Middle East, Africa, Asia, Latin America, and Canada. Philip Morris International Inc. was incorporated in 1987 and is based in New York, New York.

 

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