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Stocks Under Consideration: Emerson Electric Co. (EMR), U.S. Bancorp (USB), Devon Energy Corporation (DVN)


Emerson Electric Co. (EMR) retreated with the stock falling -1.3% or $-0.83 to close at $62.9 on active trading volume of 6.23M compared its three months average trading volume of 3.68M. The St. Louis Missouri 63136 based company operating under the Industrial Electrical Equipment industry has been trending up for the last 52 weeks, with the shares price now 34.73% up for the period and up by 13.68% so far this year. With price target of $57.76 and a 42.14% rebound from 52-week low, Emerson Electric Co. has plenty of upside potential, making it a hold with a view buy.

Emerson Electric Co. designs and manufactures products, and delivers services to industrial, commercial, and consumer markets worldwide. The company’s Process Management segment offers systems and software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; and digital plant architecture solutions. It also provides consulting services for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs and plants. This segment serves oil and gas, refining, chemicals, power generation, pharmaceuticals, food and beverages, pulp and paper, metal and mining, and municipal water supplies markets. Its Industrial Automation segment provides fluid power and control products; electrical distribution equipment; and materials joining and precision cleaning products, as well as hermetic motors. The company’s Climate Technologies segment supplies compressors, temperature sensors and controls, thermostats, flow controls, and remote monitoring technology and services to residential heating and cooling, commercial air conditioning, commercial and industrial refrigeration, and marine control areas. Its Commercial & Residential Solutions segment provides tools for professionals and homeowners; home storage systems; and appliance solutions. The company was formerly known as The Emerson Electric Manufacturing Company and changed its name to Emerson Electric Co. in 2000. Emerson Electric Co. was founded in 1890 and is headquartered in St. Louis, Missouri.

U.S. Bancorp (USB) had a light trading with around 6.2M shares changing hands compared to its three month average trading volume of 6.92M. The stock traded between $54.55 and $55.08 before closing at the price of $55.01 with -0.24% change on the day. The Minneapolis Minnesota 55402 based company is currently trading 50.46% above its 52 week low of $37.48 and -0.65% below its 52 week high of $55.37. Both the RSI indicator and target price of  and $54 respectively, lead us to believe that it could rise over the coming weeks.

U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which include checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, as well as credit card services, leasing financing, import/export trade, asset-backed lending, agricultural finance, and other products. The company also provides ancillary services, including capital markets, treasury management, and receivable lock-box collection services to corporate customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. In addition, it offers investment and insurance products to the company’s customers principally within its markets, as well as fund administration services to a range of mutual and other funds. Further, the company provides corporate and purchasing card, and corporate trust services; and merchant processing services, as well as offers cash and investment management, ATM processing, mortgage banking, and brokerage and leasing services. It serves individuals, businesses, institutional organizations, governmental entities, and other financial institutions. The company offers its services through a network of 3,133 banking offices primarily in the Midwest and West regions of the United States; and a network of 4,936 ATMs, as well as through on-line services and over mobile devices. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota.

Devon Energy Corporation (DVN) saw its value decrease by -0.27% as the stock dropped $-0.12 to finish the day at a closing price of $44.11. The stock was higher in trading and has fluctuated between $18.07-$50.69 per share for the past year. The shares, which traded within a range of $44.03 to $45.23 during the day, are down by -1.86% in the past three months and up by 2.12% over the past six months. It is currently trading -3.32% below its 20 day moving average and -5.17% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $53.11 a share over the next twelve months. The current relative strength index (RSI) reading is 40.57.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada. It operates approximately 19,000 wells. The company also offers midstream energy services, including gathering, transmission, processing, fractionation, and marketing to producers of natural gas, NGLs, crude oil, and condensate through its natural gas pipelines, plants, and treatment facilities. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.


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