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Stocks In Queue: CBS Corporation (CBS), Newmont Mining Corporation (NEM), PayPal Holdings, Inc. (PYPL)

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CBS Corporation (CBS) climbed 0.28% during last trading as the stock added $0.18 to finish the day at $65.42 with about 5.98M shares changing hands, compared to its three month average trading volume of 3.9M. The $30.62B market cap company, which fluctuated between $64.08 and $65.59 during the day, currently situated 52.09% above its 52 week low of $44.9 and -2.18% away from its one year high of $66.88. The RSI of 60.11 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

CBS Corporation operates as a mass media company worldwide. The company’s Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; and produces, acquires, and distributes theatrical motion pictures. Its Cable Networks segment offers subscription program services, such as original series, theatrical feature films, documentaries, boxing and other sports-related programming, and special events; and owns and operates multiplexed channels. This segment also owns and manages Smithsonian Networks, which operates a channel featuring cultural, historical, scientific, and educational programs; and operates a CBS Sports Network, a 24-hour cable program service that provides college sports and related content. The company’s Publishing segment publishes and distributes adult and children’s consumer books in printed, digital, and audio formats; and develops special imprints and publishes titles based on the products, as well as that of third parties and distributes products for other publishers. This segment also delivers content; and promotes its products on its Websites, social media, and general Internet sites, as well as those related to individual titles. Its Local Broadcasting segment owns 30 broadcast television stations; owns and operates 117 radio stations in 26 U.S. markets and related online properties; and operates local digital properties in various U.S. markets that combine the company’s television and radio local media brands online to offer the latest news, traffic, weather, and sports information, as well as local discounts, directories, and reviews for local community. The company was founded in 1986 and is headquartered in New York, New York. CBS Corporation is a subsidiary of National Amusements, Inc.

Newmont Mining Corporation (NEM) gained $0.54 to close the day at a new closing price of $37.57, a 1.46% increase in value from its previous closing price that moved the stock 63.11% above its 52 week low of $24.08. A total of 5.79M shares exchanged hands during the day compared with its three month average trading volume of 7.58M. The stock, which fluctuated between $37.26 and $37.69 during the day, currently situated -18.28% below its 52 week high. The stock is up by 6.55% in the past one month and up by 10.96% over the past three months. With a one year target estimate of $39.88 and RSI of 62.28, the stock still has upside potential, making it a hold for now.

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold. It also explores for silver and copper properties. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and Suriname. As of December 31, 2015, it had proven and probable gold reserves of 73.7 million ounces and an aggregate land position of approximately 20,000 square miles. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.

PayPal Holdings, Inc. (PYPL) had a light trading with around 5.73M shares changing hands compared to its three month average trading volume of 6.67M. The stock traded between $41.7 and $42.31 before closing at the price of $42.15 with 0.67% change on the day. The San Jose California 95131 based company is currently trading 23.97% above its 52 week low of $34 and -5.32% below its 52 week high of $44.52. Both the RSI indicator and target price of 66.92 and $46.83 respectively, lead us to believe that it should be put on hold over the coming weeks.

PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, as well as at offline retail locations through a range of payment solutions, including PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company’s platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.

 

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