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Stocks in Focus: Ameren Corporation (AEE), Xilinx, Inc. (XLNX), Costco Wholesale Corporation (COST)

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Ameren Corporation (AEE) had a active trading with around 2.25M shares changing hands compared to its three month average trading volume of 1.24M. The stock traded between $52 and $53.08 before closing at the price of $52.94 with 0.76% change on the day. The St. Louis Missouri 63103 based company is currently trading 22.08% above its 52 week low of $45.1 and -0.86% below its 52 week high of $54.08. Both the RSI indicator and target price of 57.05 and $52.36 respectively, lead us to believe that it should be put on hold over the coming weeks.

Ameren Corporation operates as a public utility holding company in the United States. The company engages in the rate-regulated electric generation, transmission, and distribution in Missouri; and rate-regulated natural gas transmission and distribution businesses in Illinois. It primarily generates electricity through coal, solar, nuclear power, natural gas, methane gas, hydroelectric power, and oil resources. The company serves residential, commercial, and industrial customers. As of February 19, 2016, it had a generating capacity of approximately 10,200 megawatts; and served 2.4 million electric customers and approximately 900,000 natural gas customers. The company was founded in 1881 and is headquartered in St. Louis, Missouri.

Xilinx, Inc. (XLNX) continued its upward trend with the stock climbing 1.17% or $0.69 to close the day at $59.61 on light trading volume of 2.23M shares, compared to its three month average trading volume of 2.88M. The San Jose California 95124 based company has been outperforming the semiconductor – integrated circuits group over the past 52 weeks, with the stock gaining 28.48%, compared to the industry which has advanced 47% over the same period. With RSI of 58.87, the stock should still continue to rise and get closer to its one year target estimate of $59.79, making it a hold for now.

Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP). The company also offers development boards; development kits, including hardware, design tools, IP, and reference designs that are designed to streamline and accelerate the development of domain-specific and market-specific applications; and configuration products, such as one-time programmable and in-system programmable storage devices to configure field programmable gate arrays. In addition, it provides design services, customer training, field engineering, and technical support. The company offers its products to electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and test and measurement. Xilinx, Inc. sells its products through a network of independent distributors; and through direct sales to original equipment manufacturers and electronic manufacturing service providers by a network of independent sales representative firms and by a direct sales management organization. The company was founded in 1984 and is headquartered in San Jose, California.

Costco Wholesale Corporation (COST) shares were up in last trading by 0.43% to $175.75. It experienced higher than average volume on day. The stock increased in value by almost 2.8% over the past week and grew 7.28% in the past month. It is currently trading 8.07% above its 50 day moving average and 12.51% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a 0.43% increase in value from its one year high of $175.83. The RSI indicator value of 77.77, lead us to believe that it may reverse gains in the near term.

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio; meat, bakery, deli, and produces; and apparel and small appliances. It also operates gas stations, pharmacies, optical dispensing centers, food courts, and hearing-aid centers; and engages in the travel businesses. In addition, the company provides gold star individual and business membership services. As of August 28, 2016, it operated 715 warehouses, including 501 warehouses in the United States, Washington, District of Columbia, and Puerto Rico; 91 in Canada; 36 in Mexico; 28 in the United Kingdom; 25 in Japan; 12 in Korea; 12 in Taiwan; 8 in Australia; and 2 in Spain. Further, the company sells its products through online. The company was formerly known as Costco Companies, Inc. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.

 

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