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Trader Alert: Electronic Arts Inc. (EA), Conagra Brands, Inc. (CAG), Amazon.com, Inc. (AMZN)

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Electronic Arts Inc. (EA) retreated with the stock falling -0.11% or $-0.1 to close at $87.85 on light trading volume of 2.74M compared its three months average trading volume of 2.89M. The Redwood City California 94065 based company operating under the Multimedia & Graphics Software industry has been trending up for the last 52 weeks, with the shares price now 50.56% up for the period and up by 11.54% so far this year. With price target of $94.38 and a 51.2% rebound from 52-week low, Electronic Arts Inc. has plenty of upside potential, making it a hold with a view buy.

Electronic Arts Inc. develops, markets, publishes, and distributes games, content, and services for consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes digital interactive entertainment games primarily under the FIFA, Madden NFL, Star Wars, Battlefield, The Sims, Need for Speed, Mass Effect, Dragon Age, Plants vs. Zombies, and Titanfall brand names. The company also offers casual games, such as cards, puzzles, and word games through its Pogo online service. Electronic Arts Inc. was founded in 1982 and is headquartered in Redwood City, California.

Conagra Brands, Inc. (CAG) dropped $-0.01 to close the day at a new closing price of $39.93, a -0.03% decrease in value from its previous closing price that moved the stock 27.35% above its 52 week low of $32.03. A total of 2.72M shares exchanged hands during the day compared with its three month average trading volume of 3.08M. The stock, which fluctuated between $39.74 and $40.29 during the day, currently situated -0.5% below its 52 week high. The stock is up by 3.65% in the past one month and up by 12.05% over the past three months. With a one year target estimate of $41.33 and RSI of 68.29, the stock still has upside potential, making it a hold for now.

Conagra Brands, Inc., together with its subsidiaries, operates as a food company in North America. It operates through five segments: Grocery & Snacks, Refrigerated & Frozen, International, Foodservice, and Commercial. The Grocery & Snacks segment primarily provides branded, shelf-stable food products in various retail channels in the United States. The Refrigerated & Frozen segment offers branded, temperature controlled food products in various retail channels in the United States. The International segment primarily provides branded food products, in various temperature states, in retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, such as meals, entrees, prepared potatoes, sauces, and various custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The Commercial segment offers commercially branded and private label food and ingredients primarily to commercial, restaurant, foodservice, food manufacturing, and industrial customers. The company markets its products primarily under the Healthy Choice, Hunt’s, Slim Jim, Reddi-wip, Alexia, Blake’s, Frontera, Bertolli, P.F. Chang’s, and Marie Callender’s brands. The company was formerly known as ConAgra Foods, Inc. and changed its name to Conagra Brands, Inc. in November 2016. Conagra Brands, Inc. was founded in 1919 and is headquartered in Chicago, Illinois.

Amazon.com, Inc. (AMZN) shares were up in last trading by 0.17% to $844.14. It experienced lighter than average volume on day. The stock increased in value by almost 2.77% over the past week and grew 4.54% in the past month. It is currently trading 6.09% above its 50 day moving average and 10.11% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -0.36% decrease in value from its one year high of $847.21. The RSI indicator value of 66.2, lead us to believe that it is a hold for now.

Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. It operates through the North America, International, and Amazon Web Services (AWS) segments. The company sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk. It also manufactures and sells electronic devices, including kindle e-readers, fire tablets, fire TVs, and echo; and provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store. In addition, the company offers programs that enable sellers to sell their products on its Websites, as well as their own branded Websites; and programs that allow authors, musicians, filmmakers, app developers, and others to publish and sell content. Further, it provides compute, storage, database, and other AWS services, as well as fulfillment, publishing, digital content subscriptions, advertising, and co-branded credit card agreements services. Additionally, the company offers Amazon Prime, an annual membership program, which provides free shipping of various items; access to unlimited streaming of movies and TV episodes; and other services. It serves consumers, sellers, developers, enterprises, and content creators. The company was founded in 1994 and is headquartered in Seattle, Washington.

 

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