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Stocks Buzz: American International Group, Inc. (AIG), Zoetis Inc. (ZTS), Facebook, Inc. (FB)

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American International Group, Inc. (AIG) managed to rebound with the stock climbing 2.33% or $1.42 to close the day at $62.27 on light trading volume of 14.24M shares, compared to its three month average trading volume of 5.71M. The New York New York 10038 based company has been outperforming the property & casualty insurance group over the past 52 weeks, with the stock gaining 22.64%, compared to the industry which has advanced 27.04% over the same period. With RSI of 36.9, the stock should still continue to rise and get closer to its one year target estimate of $72, making it a hold for now.

American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through two segments, Commercial Insurance and Consumer Insurance. The company’s Commercial Insurance segment offers general liability, commercial automobile liability, workers’ compensation, excess casualty, and crisis management causality insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance products; aerospace, environmental, political risk, trade credit, surety, and marine insurance products; various insurance products for small and medium sized enterprises; and professional liability insurance products. It also provides mortgage guaranty insurance; stable value wrap products, and structured settlement and terminal funding annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent retail and wholesale brokers, agency network, specialized marketing and consulting firms, and structured settlement brokers. Its Consumer Insurance segment offers retirement products, such as fixed annuities, and immediate and deferred income annuities; variable and fixed index annuities; and mutual funds, and plan administrative and compliance services. This segment’s products also include term and whole life, cancer, and critical illness insurance products; personal accident and supplemental health products; travel insurance products and services; automobile and homeowners, and extended warranty insurance; and identity theft and credit card protection products. It sells its products through agents, direct marketing, independent marketing organizations, financial advisors, banks, wirehouses, and broker-dealers. The company was founded in 1919 and is based in New York, New York.

Zoetis Inc. (ZTS) retreated with the stock falling -4.3% or $-2.37 to close at $52.78 on light trading volume of 12.88M compared its three months average trading volume of 3.02M. The Florham Park New Jersey 07932 based company operating under the Drugs – Generic industry has been trending up for the last 52 weeks, with the shares price now 26.63% up for the period and down by -1.21% so far this year. With price target of $58.07 and a 35.23% rebound from 52-week low, Zoetis Inc. has plenty of upside potential, making it a hold with a view buy.

Zoetis Inc. engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines for livestock and companion animals in the United States and internationally. It offers anti-infectives that prevent, kill, or slow the growth of bacteria, fungi, or protozoa; vaccines, which are biological preparations to prevent diseases of the respiratory, gastrointestinal, and reproductive tracts or induce a specific immune response; and parasiticides that prevent or eliminate external and internal parasites, such as fleas, ticks, and worms. The company also provides medicated feed additives that offer medicines to livestock; veterinarian solutions for anesthesia, pain management, and the diagnosis of diabetes; and other pharmaceutical products, including pain and sedation, oncology, antiemetic, allergy and dermatology, and reproductive products. In addition, it offers other product categories comprising nutritionals and agribusiness services, as well as products and services in complementary areas consisting of biodevices, diagnostics, and genetics. The company markets its products to veterinarians and livestock producers through its sales representatives, and technical and veterinary operations specialists. Zoetis Inc. was founded in 1952 and is headquartered in Florham Park, New Jersey.

Facebook, Inc. (FB) managed to rebound with the stock climbing 0.3% or $0.4 to close the day at $133.84 on lower than average trading volume of 12.81M shares, compared to its three month average trading volume of 20.27M. The Menlo Park California 94025 based company has been outperforming the internet information providers companies by 14.1004% for last three months and its recent gains have pushed the stock slightly up 16.33% YTD, versus the internet information providers industry which is up 9.39% for the same period. The RSI of 65.58 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Facebook, Inc. provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its solutions include Facebook Website and mobile application that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers; Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application to communicate with people and businesses across platforms and devices; and WhatsApp Messenger, a mobile messaging application. The company also offers Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2016, it had approximately 1.23 billion daily active users. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.

 

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