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Trader Alert: Exxon Mobil Corporation (XOM), The Kraft Heinz Company (KHC), Sprint Corporation (S)

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Exxon Mobil Corporation (XOM) retreated with the stock falling -1.03% or $-0.86 to close at $82.3 on light trading volume of 10.6M compared its three months average trading volume of 11.17M. The Irving Texas 75039 based company operating under the Major Integrated Oil & Gas industry has been trending up for the last 52 weeks, with the shares price now 3.35% up for the period and down by -7.99% so far this year. With price target of $88.57 and a 6.96% rebound from 52-week low, Exxon Mobil Corporation has plenty of upside potential, making it a hold with a view buy.

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. As of December 31, 2015, the company had approximately 35,909 gross and 30,114 net operated wells. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas.

The Kraft Heinz Company (KHC) dropped $-3.82 to close the day at a new closing price of $87.28, a -4.19% decrease in value from its previous closing price that moved the stock 24.99% above its 52 week low of $71.82. A total of 10.57M shares exchanged hands during the day compared with its three month average trading volume of 2.69M. The stock, which fluctuated between $86.35 and $89.84 during the day, currently situated -4.4% below its 52 week high. The stock is down by -1.21% in the past one month and up by 8.34% over the past three months. With a one year target estimate of $90.29 and RSI of 40.86, the stock still has upside potential, making it a hold for now.

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and rest of world. The company’s products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, snack nuts, dressings, packaged dinners, infant/nutrition products, and other grocery products. It offers its products under various brand names, including Kraft, Oscar Mayer, Heinz, Planters, Velveeta, Philadelphia, Lunchables, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, Tassimo, Plasmon, Lea & Perrins, ABC, Master, Quero, Golden Circle, Wattie’s, and Complan. The Kraft Heinz Company sells its products through independent brokers, agents and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, hotels, restaurants, hospitals, health care facilities, and certain government agencies, as well as through its own sales organizations. The company was formerly known as H.J. Heinz Holding Corporation and changed its name to The Kraft Heinz Company in July 2015. The Kraft Heinz Company was founded in 2013 and is headquartered in Pittsburgh, Pennsylvania.

Sprint Corporation (S) shares were down in last trading by -1.32% to $9. It experienced lighter than average volume on day. The stock increased in value by almost 2.62% over the past week and grew 3.09% in the past month. It is currently trading 3.53% above its 50 day moving average and 40.86% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -6.74% decrease in value from its one year high of $9.65. The RSI indicator value of 55.55, lead us to believe that it is a hold for now.

Sprint Corporation, through its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates in two segments, Wireless and Wireline. The Wireless segment offers wireless data communication services, including mobile productivity applications, such as Internet access, messaging, and email services; wireless photo and video offerings; location-based capabilities comprising asset and fleet management, dispatch services, and navigation tools; and mobile entertainment applications. It also provides wireless voice communications services that include local and long-distance wireless voice services, as well as voicemail, call waiting, three-way calling, caller identification, directory assistance, and call forwarding services. In addition, this segment offers voice and data services internationally through roaming arrangements; and customized wireless services to large companies and government agencies, as well as sells wireless devices, broadband devices, connected devices, and accessories to agents and other third-party distributors. The Wireline segment provides wireline voice and data communications, including domestic and international data communications using various protocols, such as multiprotocol label switching technologies, Internet protocol (IP), managed network services, Voice over IP, session initiated protocol, and traditional voice services to other communications companies, and targeted business and consumer subscribers, as well as for cable multiple system operators. Sprint Corporation offers its services under the Sprint, Boost Mobile, Virgin Mobile, and Assurance Wireless brands. The company was founded in 1899 and is headquartered in Overland Park, Kansas. Sprint Corporation is a subsidiary of SoftBank Group Corp.

 

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