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Momentum Stocks: L Brands, Inc. (LB), Hologic, Inc. (HOLX), Consolidated Edison, Inc. (ED)

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L Brands, Inc. (LB) retreated with the stock falling -1.27% or $-0.74 to close at $57.48 on active trading volume of 2.97M compared its three months average trading volume of 2.5M. The Columbus Ohio 43230 based company operating under the Apparel Stores industry has been trending down for the last 52 weeks, with the shares price now -28.81% down for the period and down by -11.79% so far this year. With price target of $68 and a 1.04% rebound from 52-week low, L Brands, Inc. has plenty of upside potential, making it a hold with a view buy.

L Brands, Inc. operates as a specialty retailer of women’s intimate and other apparel, beauty and personal care products, and accessories. The company operates in three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Its products include loungewear, bras, panties, swimwear, athletic attire, fragrances, shower gels and lotions, aromatherapy, soaps and sanitizers, home fragrances, handbags, jewelry, and personal care accessories. The company offers its products under the Victoria’s Secret, Pink, Bath & Body Works, La Senza, Henri Bendel, C.O. Bigelow, White Barn Candle Company, and other brand names. L Brands, Inc. sells its merchandise through company-owned specialty retail stores in the United States, Canada, and the United Kingdom, which are primarily mall-based; through its Websites; and through franchises, licenses, and wholesale partners. As of January 31, 2016, the company operated 2,721 retail stores in the United States; 270 retail stores in Canada; and 14 retail stores in the United Kingdom. It also operated 221 La Senza stores in 29 countries; 125 Bath & Body Works stores in 30 countries; 19 Victoria’s Secret stores in 7 Middle Eastern countries; and 373 Victoria’s Secret Beauty and Accessories stores, and various small-format locations in approximately 75 countries. The company was formerly known as Limited Brands, Inc. and changed its name to L Brands, Inc. in March 2013. L Brands, Inc. was founded in 1963 and is headquartered in Columbus, Ohio.

Hologic, Inc. (HOLX) had a active trading with around 2.96M shares changing hands compared to its three month average trading volume of 2.48M. The stock traded between $39.31 and $39.83 before closing at the price of $39.53 with 0.33% change on the day. The Marlborough Massachusetts 01752 based company is currently trading 21.18% above its 52 week low of $32.64 and -4.15% below its 52 week high of $41.24. Both the RSI indicator and target price of  and $44.97 respectively, lead us to believe that it could rise over the coming weeks.

Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women in the United States, Europe, the Asia-Pacific, and internationally. It operates through four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health. The Diagnostics segment provides Aptima family of assays, target capture/nucleic acid extraction technology, transcription-mediated amplification technology, hybridization protection and dual kinetic assays, Procleix family of assays for blood screening, instrumentation, Invader chemistry platform, ThinPrep system, and rapid fetal fibronectin test. The Breast Health segment offers breast imaging and related products and accessories, including digital and film-based mammography systems; computer-aided detection (CAD) for mammography; invasive breast biopsy devices; breast biopsy site markers; and breast biopsy guidance systems. This segment also provides Dimensions platform, a mammography gantry for 2D and tomosynthesis image acquisition and display; C-View that provides a 2D image; Selenia digital mammography platform; and SecurView Workstation. The GYN Surgical segment offers NovaSure system to treat women suffering from abnormal uterine bleeding; and MyoSure system for the hysteroscopic removal of fibroids. The Skeletal Health segment provides discovery and horizon X-ray bone densitometers that assess the bone density of fracture sites; and mini C-arm imaging systems to perform minimally invasive surgical procedures on a patient’s extremities, such as the hand, wrist, knee, foot, and ankle. The company sells its products through direct sales and service forces, and a network of independent distributors and sales representatives. Hologic, Inc. was founded in 1985 and is headquartered in Marlborough, Massachusetts.

Consolidated Edison, Inc. (ED) saw its value increase by 0.8% as the stock gained $0.59 to finish the day at a closing price of $74.29. The stock was higher in trading and has fluctuated between $68.44-$81.88 per share for the past year. The shares, which traded within a range of $73.53 to $74.49 during the day, are up by 6.25% in the past three months and down by -0.89% over the past six months. It is currently trading 1.48% above its 20 day moving average and 2.39% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $72.7 a share over the next twelve months. The current relative strength index (RSI) reading is 58.61.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.4 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, and parts of Queens and Westchester County; and steam to approximately 1,700 customers in parts of Manhattan. The company owns 62 area distribution substations and various distribution facilities; 39 transmission substations and 62 area stations; electric generation facilities with an aggregate capacity of 724 megawatts that run on gas and fuel oil; 4,348 miles of mains and 369,791 service lines for natural gas distribution; and 1 steam-electric generating station and 5 steam-only generating stations. It also supplies electricity to approximately 0.3 million customers in southeastern New York, and in adjacent areas of northern New Jersey and northeastern Pennsylvania; and gas to approximately 0.1 million customers in southeastern New York and adjacent areas of northeastern Pennsylvania. The company operates 572 circuit miles of transmission lines; 14 transmission substations; 86,794 in-service line transformers; 3,994 pole miles of overhead distribution lines; and 1,889 miles of underground distribution lines, as well as 1,867 miles of mains and 105,482 service lines for natural gas distribution. In addition, it is involved in the sale and related hedging of electricity to retail customers; and provision of energy-related products and services to wholesale and retail customers. Further, the company develops, owns, and operates renewable and energy infrastructure projects, as well as invests in transmission companies. It primarily sells electricity to industrial, commercial, residential, and governmental customers. Consolidated Edison, Inc. was founded in 1884 and is based in New York, New York.

 

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