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Worth Watching Stocks: Spectra Energy Corp (SE), The Williams Companies, Inc. (WMB), QUALCOMM Incorporated (QCOM)

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Spectra Energy Corp (SE) saw its value decrease by -0.67% as the stock dropped $-0.28 to finish the day at a closing price of $41.41. The stock was higher in trading and has fluctuated between $27.67-$44 per share for the past year. The shares, which traded within a range of $41.05 to $41.83 during the day, are up by 4.38% in the past three months and up by 17% over the past six months. It is currently trading -0.66% below its 20 day moving average and 0.2% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $43 a share over the next twelve months. The current relative strength index (RSI) reading is 48.06.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Spectra Energy Corp owns and operates a portfolio of natural gas-related energy assets in North America. It operates through four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. The Spectra Energy Partners segment engages in the transmission, storage, and gathering of natural gas, as well as transportation and storage of crude oil and natural gas liquids (NGLs) for customers in various regions of the United States and Canada. Its natural gas pipeline systems consist of approximately 21,000 miles of transmission pipelines; and storage capacity comprises 300 billion cubic feet (Bcf). The Distribution segment offers natural gas storage, transmission, and distribution services for residential, commercial, and industrial customers in Canada. It has approximately 40,000 miles of main and service pipelines; storage capacity of approximately 163 Bcf; and transmission system of approximately 3,000 miles of high-pressure pipeline and mainline compressor stations. The Western Canada Transmission & Processing segment provides natural gas transmission, and gas gathering and processing services; and services to natural gas producers to remove impurities from the raw gas stream, including water, carbon dioxide, hydrogen sulfide, and other substances. It also extracts, fractionates, transports, stores, and markets NGLs for western Canadian producers and NGL customers. It serves local distribution companies, end-use industrial and commercial customers, marketers, and exploration and production companies. The Field Services segment gathers, compresses, treats, processes, transports, stores, and sells natural gas; produces, fractionates, transports, stores, and sells NGLs; recovers and sells condensate; and trades in and markets natural gas and NGLs. It owns or operates approximately 67,000 miles of gathering and transmission pipeline. The company was incorporated in 2006 and is headquartered in Houston, Texas.

The Williams Companies, Inc. (WMB) shares were down in last trading by -3.45% to $27.99. It experienced higher than average volume on day. The stock decreased in value by almost -2.37% over the past week and fell -1.24% in the past month. It is currently trading -5.83% below its 50 day moving average and 4.9% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -14.38% decrease in value from its one year high of $32.69. The RSI indicator value of 40.98, lead us to believe that it is a hold for now.

The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates through Williams Partners, Williams NGL (natural gas liquids) & Petchem Services, and Other segments. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the offshore Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area. The company also owns and operates a natural gas pipeline system extending from the San Juan basin in northwestern New Mexico and southwestern Colorado through Colorado, Utah, Wyoming, Idaho, Oregon, and Washington to a point on the Canadian border near Sumas, Washington; gulfstream natural gas pipeline system extending from the Mobile Bay area in Alabama to markets in Florida; and constitution pipeline that would connect its gathering system in Susquehanna County, Pennsylvania to the Iroquois Gas Transmission and Tennessee Gas Pipeline systems in New York. In addition, it provides natural gas gathering, treating, processing, and compression; NGL production, fractionation, storage, marketing, and transportation; deepwater production handling and crude oil transportation; and olefin production services, as well as transports and stores natural gas to local natural gas distribution companies, municipal utilities, direct industrial users, electric power generators, and natural gas marketers and producers. Further, the company extracts, fractionates, treats, stores, and sells ethane/ethylene, propane, propylene, normal butane, isobutene, alky feedstock, and condensate. Additionally, it provides construction management services for third parties. As of December 31, 2015, the company owned and operated approximately 13,600 miles of pipelines. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.

QUALCOMM Incorporated (QCOM) traded within a range of $56.44 to $56.9 after opening the day at $56.58. The company has seen its stock decrease in value by -12.76% so far this year. The stock was up close to 0.69% on light volume in last trading session and closed at $56.88 per share. After the recent gain, the stock is currently holding -19.96% below its 52 week high of $71.62 and 29.77% above its 12-month low of $48.76. The shares are down by over -14.15% in the last three months, and the RSI indicator value of 48.45 is neither bullish nor bearish, tempting investors to stay on the sidelines.

QUALCOMM Incorporated develops, designs, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, the United States, and internationally. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of certain wireless products comprising products implementing CDMA2000, WCDMA, CDMA TDD, and/or LTE standards, as well as their derivatives. The QSI segment invests in early-stage companies in various industries, including digital media, e-commerce, healthcare, and wearable devices for supporting the design and introduction of new products and services for voice and data communications. The company also develops and offers products for implementation of small cells; mobile health products and services; software products, and content and push-to-talk enablement services to wireless operators; and development, and other services and related products to the United States government agencies and their contractors. In addition, it licenses chipset technology and products for data centers. QUALCOMM Incorporated was founded in 1985 and is headquartered in San Diego, California.

 

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