Adam Park

Stocks Buzz: eBay Inc. (EBAY), Oracle Corporation (ORCL), Wal-Mart Stores, Inc. (WMT)

eBay Inc. (EBAY) managed to rebound with the stock climbing 1.54% or $0.51 to close the day at $33.63 on active trading volume of 13.35M shares, compared to its three month average trading volume of 10.5M. The San Jose California 95125 based company has been outperforming the specialty retail, other group over the past 52 weeks, with the stock gaining 52.31%, compared to the industry which has advanced 54.29% over the same period. With RSI of 72.69, the stock should still continue to rise and get closer to its one year target estimate of $34.38, making it a hold for now.

eBay Inc. operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company’s Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and Ticketbis platforms that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets. Its Classifieds platforms include a collection of brands, such as mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others, which offer online classifieds to enable people find whatever they are looking for in their local communities. The company’s platforms enable users to find, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks. eBay Inc. was founded in 1995 and is headquartered in San Jose, California.

Oracle Corporation (ORCL) grew with the stock adding 1.39% or $0.56 to close at $40.79 on active trading volume of 13.17M compared its three months average trading volume of 12.94M. The Redwood City California 94065 based company operating under the Application Software industry has been trending up for the last 52 weeks, with the shares price now 18.87% up for the period and up by 6.5% so far this year. With price target of $43.5 and a 20.14% rebound from 52-week low, Oracle Corporation has plenty of upside potential, making it a hold with a view buy.

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. It offers services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service. The company licenses its Oracle Database software, which enables storage, retrieval, and manipulation of various forms of data; and Oracle Fusion Middleware software to build, deploy, secure, access, and integrate business applications, as well as automate their business processes. It also provides a range of software for mobile computing to address the development needs of businesses; and Java, a software development language. In addition, the company offers application software, such as human capital and talent management, customer experience and customer relationship management, financial management and governance, risk and compliance, procurement, project portfolio management, supply chain management, business analytics and enterprise performance management, and industry-specific application software. Further, it offers hardware systems products, such as Oracle Engineered Systems, servers, storage, networking, industry specific hardware, virtualization software, operating systems, management software, and related hardware services. Additionally, the company offers customers with rights to software product upgrades and maintenance releases, patches released, and Internet access to technical content, as well as Internet and telephone access to technical support personnel. The company also provides consulting services, such as IT strategy alignment, enterprise architecture planning and design, initial product implementation and integration, and ongoing product enhancement and upgrade; customer support services; and education services. Oracle Corporation was founded in 1977 and is headquartered in Redwood City, California.

Wal-Mart Stores, Inc. (WMT) failed to extend gains with the stock declining -1.53% or $-1.06 to close the day at $68.02 on lower than average trading volume of 12.45M shares, compared to its three month average trading volume of 8.78M. The Bentonville Arkansas 72716 based company has been outperforming the discount, variety stores companies by -3.665% for last three months and its recent losses have pulled the stock down -1.59% YTD, versus the discount, variety stores industry which is down -0.05% for the same period. The RSI of 50.93 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. It operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. The company operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites, such as walmart.com and samsclub.com. It offers grocery products, including meat, produce, natural and organics, deli and bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, floral and dry grocery, as well as consumables, such as health and beauty aids, baby products, household chemicals, paper goods, and pet supplies; and health and wellness products, which include pharmacy, optical services, clinical services, over-the-counter drugs, and other medical products. The company also provides electronics, toys, cameras and supplies, photo processing services, cellular phones, cellular service plan contracts and prepaid service, movies, music, video games, and books; stationery, automotive, hardware and paint, and sporting goods, as well as fabrics, crafts, and seasonal merchandise; apparel for women, girls, men, boys, and infants, as well as shoes, jewelry, and accessories; and home furnishings, housewares and small appliances, bedding, home decor, outdoor living, and horticulture products. The company also provides fuel and financial services and related products, including money orders, prepaid cards, wire transfers, money transfers, check cashing, and bill payment. In addition, it offers brand name merchandise, including hardgoods, softgoods, and selected private-label items, such as Member’s Mark. As of June 20, 2016, it operated 11,527 stores under 63 banners in 28 countries and e-commerce Websites in 11 countries. Wal-Mart Stores, Inc. was founded in 1945 and is headquartered in Bentonville, Arkansas.

 

Momentum Stocks in Focus: Exelon Corporation (EXC), Cognizant Technology Solutions Corporation (CTSH), Applied Materials, Inc. (AMAT)

Exelon Corporation (EXC) managed to rebound with the stock climbing 0.49% or $0.17 to close the day at $35.02 on active trading volume of 7.37M shares, compared to its three month average trading volume of 6.42M. The Chicago Illinois 60680 based company has been outperforming the diversified utilities group over the past 52 weeks, with the stock gaining 18.82%, compared to the industry which has advanced 20.2% over the same period. With RSI of 45.89, the stock should still continue to rise and get closer to its one year target estimate of $38.45, making it a hold for now.

Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States and Canada. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, as well as wind and solar facilities. The company also sells renewable energy and other energy-related products and services; and engages in natural gas and oil exploration and production activities, as well as sells electricity and natural gas to wholesale and retail customers. In addition, it is involved in the purchase and regulated retail sale of electricity, and the provision of electricity transmission and distribution services to retail customers in northern Illinois, southeastern Pennsylvania, and central Maryland. Further, the company engages in the purchase and regulated retail sale of natural gas, and the provision of gas distribution services to retail customers in the Pennsylvania counties surrounding the City of Philadelphia, as well as in central Maryland, including the City of Baltimore. It serves distribution utilities, municipalities, cooperatives, and financial institutions, as well as commercial, industrial, governmental, and residential customers. The company was founded in 1887 and is headquartered in Chicago, Illinois.

Cognizant Technology Solutions Corporation (CTSH) retreated with the stock falling -1.03% or $-0.6 to close at $57.4 on active trading volume of 6.93M compared its three months average trading volume of 6.44M. The Teaneck New Jersey 07666 based company operating under the Business Software & Services industry has been trending up for the last 52 weeks, with the shares price now 10.15% up for the period and up by 2.45% so far this year. With price target of $63.66 and a 26.32% rebound from 52-week low, Cognizant Technology Solutions Corporation has plenty of upside potential, making it a hold with a view buy.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Its consulting and technology services include IT strategy consulting, program management consulting, operations improvement consulting, strategy consulting, and business consulting services; and application design and development, systems integration, enterprise resource planning, and customer relationship management implementation services. The company also offers enterprise information management services, such as strategic, advisory, and management consulting; enterprise data management; descriptive analytics/business intelligence; strategic corporate performance management; and packaged analytics services, as well as big data services that assist clients in managing and deriving actionable insights. In addition, it provides application testing services; and develops, licenses, implements, and supports proprietary and third-party software products, as well as offers digital technologies services. Further, the company offers outsourcing services, such as application maintenance services; IT infrastructure services; and business process services, including clinical data management, pharmacovigilance, equity research support, commercial operations, and order management. It serves various industries, including banking and insurance; healthcare and life sciences; manufacturing and logistics; retail, travel, and hospitality; consumer goods; communications; information, media, and entertainment; and technology. The company markets and sells services through its professional staff, senior management, and direct sales personnel. Cognizant Technology Solutions Corporation was founded in 1998 and is headquartered in Teaneck, New Jersey.

Applied Materials, Inc. (AMAT) continued its downward trend with the stock declining -0.25% or $-0.09 to close the day at $35.32 on higher than average trading volume of 6.91M shares, compared to its three month average trading volume of 10.1M. The Santa Clara California 95054 based company has been outperforming the semiconductor equipment & materials companies by 21.4698% for last three months and its recent gains have pushed the stock slightly up 9.45% YTD, versus the semiconductor equipment & materials industry which is up 10.7% for the same period. The RSI of 63.69 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits. It offers products and technologies for transistor and interconnect fabrication, including epitaxy, ion implantation, oxidation and nitridation, rapid thermal processing, chemical vapor deposition, physical vapor deposition, chemical mechanical planarization, and electrochemical deposition; patterning, selective removal, and packaging products and systems that enable the transfer of patterns onto device structures; and metrology, inspection, and review systems for front- and back-end-of-line applications. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes, and other display technologies for TVs, personal computers, tablets, smart phones, and other consumer-oriented devices, as well as equipment for flexible substrates. The company serves manufacturers of semiconductor wafers and chips, liquid crystal and other displays, and other electronic devices. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California.

 

Stocks Under Review: Synchrony Financial (SYF), Target Corporation (TGT), Delta Air Lines, Inc. (DAL)

Synchrony Financial (SYF) failed to extend gains with the stock declining -0.74% or $-0.27 to close the day at $36.22 on light trading volume of 5.53M shares, compared to its three month average trading volume of 6.6M. The Stamford Connecticut 06902 based company has been outperforming the credit services group over the past 52 weeks, with the stock gaining 49.75%, compared to the industry which has advanced 35.56% over the same period. With RSI of 51.14, the stock should still continue to rise and get closer to its one year target estimate of $42.91, making it a hold for now.

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans. It also provides promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision, and audiology; debt cancellation products; and deposit products, including certificates of deposit, individual retirement, money market, and savings accounts, as well as accepts deposits through third-party securities brokerage firms. The company offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through multiple channels, including online, print, and radio advertising. Synchrony Financial was incorporated in 2003 and is headquartered in Stamford, Connecticut. Synchrony Financial operates independently of GE Consumer Finance, Inc. as of November 17, 2015.

Target Corporation (TGT) retreated with the stock falling -1.02% or $-0.68 to close at $65.73 on light trading volume of 5.52M compared its three months average trading volume of 6.08M. The Minneapolis Minnesota 55403 based company operating under the Discount, Variety Stores industry has been trending down for the last 52 weeks, with the shares price now -0.24% down for the period and down by -9% so far this year. With price target of $73.97 and a 4.43% rebound from 52-week low, Target Corporation has plenty of upside potential, making it a hold with a view buy.

Target Corporation operates as a general merchandise retailer. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys, as well as electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes. The company also provides food and pet supplies comprising dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and home furnishings and décor, including furniture, lighting, kitchenware, small appliances, home décor, bed and bath, home improvement, and automotive products, as well as seasonal merchandise, such as patio furniture and holiday décor. In addition, it offers in-store amenities, including Target Café, Target Photo, Target Optical, Portrait Studio, Starbucks, and other food service offerings. Target Corporation sells products through its stores; and digital channels, including Target.com. As of January 30, 2016, the company operated 1,792 stores in the United States. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.

Delta Air Lines, Inc. (DAL) failed to extend gains with the stock declining -0.14% or $-0.07 to close the day at $49.26 on lower than average trading volume of 5.3M shares, compared to its three month average trading volume of 8.05M. The Atlanta Georgia 30354 based company has been outperforming the major airlines companies by 8.7436% for last three months and its recent gains have pushed the stock slightly up 0.14% YTD, versus the major airlines industry which is up 2.97% for the same period. The RSI of 51.1 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered around a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita. The company sells its tickets through various distribution channels, including delta.com and mobile, telephone reservations, traditional brick and mortar, and online travel agencies. It also provides aircraft maintenance, repair, and overhaul services; staffing, and professional security and training services, as well as aviation solutions to third parties; vacation packages to third-party consumers; and aircraft charters, and aircraft management and programs. As of February 3, 2016, the company operated a fleet of approximately 800 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is headquartered in Atlanta, Georgia.

 

Stocks Trend Analysis: Altria Group, Inc. (MO), Nucor Corporation (NUE), D.R. Horton, Inc. (DHI)

Altria Group, Inc. (MO) failed to extend gains with the stock declining -0.1% or $-0.07 to close the day at $72.42 on light trading volume of 4.15M shares, compared to its three month average trading volume of 6.78M. The Richmond Virginia 23230 based company has been outperforming the cigarettes group over the past 52 weeks, with the stock gaining 25.16%, compared to the industry which has advanced 11.96% over the same period. With RSI of 81.25, the stock should still continue to rise and get closer to its one year target estimate of $71.73, making it a hold for now.

Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen and Skoal, Red Seal and Husky, and Marlboro Snus brand names. The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle, Columbia Crest, and 14 Hands names; and imports and markets Antinori, Torres, and Villa Maria Estate wines, as well as Champagne Nicolas Feuillatte in the United States. In addition, it provides finance leasing services primarily in aircraft, railcar, electric power, real estate, and manufacturing industries. The company sells its tobacco products primarily to wholesalers, including distributors; large retail organizations, such as chain stores; and the armed services. Altria Group, Inc. was founded in 1919 and is headquartered in Richmond, Virginia.

Nucor Corporation (NUE) grew with the stock adding 0.03% or $0.02 to close at $60.99 on active trading volume of 4.11M compared its three months average trading volume of 3.31M. The Charlotte North Carolina 28211 based company operating under the Steel & Iron industry has been trending up for the last 52 weeks, with the shares price now 63.87% up for the period and up by 2.47% so far this year. With price target of $64.65 and a 66.65% rebound from 52-week low, Nucor Corporation has plenty of upside potential, making it a hold with a view buy.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; structural steel products comprising wide-flange beams, beam blanks, H-pilings, and sheet pilings; and bar steel products, such as blooms, billets, concrete reinforcing bars, merchant bars, and special bar quality products. This segment sells its products to steel service centers, fabricators, and manufacturers in automotive, energy, agricultural, heavy equipment, and transportation sectors. The Steel Products segment offers steel joists and joist girders, steel decks, fabricated concrete reinforcing and cold finished steel products, steel fasteners, metal building systems, steel gratings, and wire and wire mesh products to general contractors, fabricators, distributors, and manufacturers. Its products are used by contractors in constructing highways, bridges, reservoirs, utilities, hospitals, schools, airports, stadiums, and high-rise buildings. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as holds working interest in natural gas drilling programs. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for use in manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills, and other processors and consumers of various nonferrous metals. The company offers its products through its in-house sales forces, as well as internal distribution and trading companies. Nucor Corporation was founded in 1940 and is based in Charlotte, North Carolina.

D.R. Horton, Inc. (DHI) continued its upward trend with the stock climbing 2.32% or $0.7 to close the day at $30.82 on lower than average trading volume of 4.1M shares, compared to its three month average trading volume of 4.82M. The Fort Worth Texas 76102 based company has been outperforming the residential construction companies by 12.5314% for last three months and its recent gains have pushed the stock slightly up 13.15% YTD, versus the residential construction industry which is up 8.64% for the same period. The RSI of 63.25 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

D.R. Horton, Inc. operates as a homebuilding company. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 78 markets in the United States under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Regent Homes, Crown Communities, and Pacific Ridge Homes. The company constructs and sells single-family detached homes; and attached homes, such as town homes, duplexes, triplexes, and condominiums. It is also involved in the origination and sale of mortgages; and provision of title insurance policies, and examination and closing services. The company primarily serves title insurance agents, homebuyers, and homebuilding customers. D.R. Horton, Inc. was founded in 1978 and is headquartered in Fort Worth, Texas.

 

Stocks Buzz: Express Scripts Holding Company (ESRX), Medtronic plc (MDT), L Brands, Inc. (LB)

Express Scripts Holding Company (ESRX) managed to rebound with the stock climbing 1.38% or $0.93 to close the day at $68.41 on light trading volume of 3.44M shares, compared to its three month average trading volume of 4.17M. The St. Louis Missouri 63121 based company has been outperforming the health care plans group over the past 52 weeks, with the stock gaining 3.07%, compared to the industry which has advanced 19.65% over the same period. With RSI of 44.25, the stock should still continue to rise and get closer to its one year target estimate of $81.11, making it a hold for now.

Express Scripts Holding Company operates as a pharmacy benefit management (PBM) company in the United States, Canada, and Europe. The company operates through two segments, PBM and Other Business Operations. The company’s PBM segment’s products and services include clinical solutions to enhance health outcomes; specialized pharmacy care; home delivery pharmacy; specialty pharmacy, including the distribution of fertility pharmaceuticals that require special handling or packaging; and retail network pharmacy administration. It also provides benefit design consultation; drug utilization review; drug formulary management; an array of Medicare, Medicaid, and health insurance marketplace; administration of a group purchasing organization; and consumer health and drug information services. In addition, the company distributes specialty pharmaceuticals and medical supplies to providers, clinics, and hospitals; and offers consulting services, including design, implementation, and project management for pharmaceutical, biotechnology, and device manufacturers to collect scientific evidence to guide the use of medicines. It serves managed care organizations, health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans, government health programs, providers, clinics, hospitals, and others. As of December 31, 2015, the company operated four automated dispensing home delivery pharmacies; one non-automated dispensing home delivery pharmacy; and one non-dispensing home delivery pharmacy maintained for business continuity purpose, as well as several non-dispensing order processing centers, patient contact centers, specialty drug pharmacies, and fertility pharmacies. The company was formerly known as Aristotle Holding, Inc. and changed its name to Express Scripts Holding Company in April 2012. Express Scripts Holding Company was founded in 1986 and is headquartered in St. Louis, Missouri.

Medtronic plc (MDT) grew with the stock adding 0.58% or $0.44 to close at $76.15 on light trading volume of 3.43M compared its three months average trading volume of 6.92M. The Dublin Dublin 2 based company operating under the Medical Appliances & Equipment industry has been trending up for the last 52 weeks, with the shares price now 6.55% up for the period and up by 6.91% so far this year. With price target of $84.54 and a 9.81% rebound from 52-week low, Medtronic plc has plenty of upside potential, making it a hold with a view buy.

Medtronic plc manufactures and sells device-based medical therapies worldwide. The company’s Cardiac and Vascular Group segment offers pacemakers, implantable cardioverter defibrillators and cardiac resynchronization therapy devices, AF products, diagnostics and monitoring devices, and remote monitoring and patient-centered software; and heart valves, percutaneous coronary intervention stent products, surgical valve replacement and repair products, endovascular stent grafts, peripheral vascular intervention products, and products to treat superficial and deep venous diseases. Its Minimally Invasive Therapies Group segment provides gastrointestinal diagnostics, ablation, and interventional lung solutions; stapling, vessel sealing, and other surgical instruments; sutures; electrosurgery products; hernia mechanical devices; mesh implants; products for patient monitoring and recovery; sensors; monitors; compression and dialysis, enteral feeding, and wound care products; and operating room supplies, electrodes, needles, syringes, and sharps disposals. The company’s Restorative Therapies Group segment offers products for various areas of the spine; bone graft substitutes; biologic products; trauma, implantable neurostimulation therapies, and drug delivery systems for the treatment of chronic pain, movement disorders, obsessive-compulsive disorder, overactive bladder, urinary retention, fecal incontinence, and gastroparesis; products to treat conditions of the ear, nose, throat, and neurological disorders; systems that incorporate advanced energy surgical instruments; products for haemostatic sealing of soft tissue and bone; and image-guided surgery and intra-operative imaging systems. Its Diabetes Group segment provides insulin pumps and consumables; continuous glucose monitoring systems; and Web-based therapy management software solutions. It serves hospitals, physicians, clinicians, and patients. Medtronic plc was founded in 1949 and is headquartered in Dublin, Ireland.

L Brands, Inc. (LB) managed to rebound with the stock declining 0% or $0 to close the day at $58.92 on higher than average trading volume of 3.35M shares, compared to its three month average trading volume of 2.43M. The Columbus Ohio 43230 based company has been underperforming the apparel stores companies by -10.569% for last three months and its recent losses have pulled the stock down -10.51% YTD, versus the apparel stores industry which is down -1.18% for the same period. The RSI of 33.69 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

L Brands, Inc. operates as a specialty retailer of women’s intimate and other apparel, beauty and personal care products, and accessories. The company operates in three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Its products include loungewear, bras, panties, swimwear, athletic attire, fragrances, shower gels and lotions, aromatherapy, soaps and sanitizers, home fragrances, handbags, jewelry, and personal care accessories. The company offers its products under the Victoria’s Secret, Pink, Bath & Body Works, La Senza, Henri Bendel, C.O. Bigelow, White Barn Candle Company, and other brand names. L Brands, Inc. sells its merchandise through company-owned specialty retail stores in the United States, Canada, and the United Kingdom, which are primarily mall-based; through its Websites; and through franchises, licenses, and wholesale partners. As of January 31, 2016, the company operated 2,721 retail stores in the United States; 270 retail stores in Canada; and 14 retail stores in the United Kingdom. It also operated 221 La Senza stores in 29 countries; 125 Bath & Body Works stores in 30 countries; 19 Victoria’s Secret stores in 7 Middle Eastern countries; and 373 Victoria’s Secret Beauty and Accessories stores, and various small-format locations in approximately 75 countries. The company was formerly known as Limited Brands, Inc. and changed its name to L Brands, Inc. in March 2013. L Brands, Inc. was founded in 1963 and is headquartered in Columbus, Ohio.

 

Stocks To Track: The Home Depot, Inc. (HD), Citizens Financial Group, Inc. (CFG), The Blackstone Group L.P. (BX)

The Home Depot, Inc. (HD) climbed 0.82% during last trading as the stock added $1.14 to finish the day at $139.85 with about 3.29M shares changing hands, compared to its three month average trading volume of 4.73M. The $171.18B market cap company, which fluctuated between $138.24 and $140.57 during the day, currently situated 27.27% above its 52 week low of $117.7 and 0.34% away from its one year high of $140.57. The RSI of 64.72 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me (DIFM), and professional customers. The company offers installation programs that include flooring, cabinets, countertops, water heaters, and sheds; and professional installation in various categories sold through its in-home sales programs, such as roofing, siding, windows, cabinet refacing, furnaces, and central air systems, as well as acts as a contractor to provide installation services to its DIFM customers through third-party installers. It primarily serves home owners; and renovators/remodelers, general contractors, repairmen, installers, small business owners, and tradesmen. The company also sells its products through online. As of December 31, 2015, it had 2,274 stores, including 1,977 in the United States, 182 in Canada, and 115 in Mexico. The Home Depot, Inc. was founded in 1978 and is based in Atlanta, Georgia.

Citizens Financial Group, Inc. (CFG) gained $0.18 to close the day at a new closing price of $36.42, a 0.5% increase in value from its previous closing price that moved the stock 105.77% above its 52 week low of $18.34. A total of 3.28M shares exchanged hands during the day compared with its three month average trading volume of 5.85M. The stock, which fluctuated between $36.09 and $36.53 during the day, currently situated -3.66% below its 52 week high. The stock is up by 0.8% in the past one month and up by 29.65% over the past three months. With a one year target estimate of $37.79 and RSI of 53.18, the stock still has upside potential, making it a hold for now.

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. It operates through two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment focuses on retail customers and small businesses with traditional banking products and services, including checking, savings, home loans, student loans, credit cards, business loans, and financial management services. This segment also provides indirect auto finance for new and used vehicles through auto dealerships. The Commercial Banking segment provides various financial products and solutions, including loans, leases, trade financing, deposits, cash management, foreign exchange, interest rate risk management, corporate finance, and capital markets advisory capabilities. It focuses on small and middle-market companies, and serves government banking, not-for-profit, healthcare, technology, asset finance, franchise finance, asset-based lending, commercial real estate, private equity, and sponsor finance industries. As of December 31, 2015, the company operated through 1,200 branches in 11 states across the New England, Mid-Atlantic, and Midwest regions, as well as online, telephone, and mobile banking platforms. It also maintains approximately 100 retail and commercial non-branch offices located in its banking footprint and in other states, and the District of Columbia. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island.

The Blackstone Group L.P. (BX) had a light trading with around 3.26M shares changing hands compared to its three month average trading volume of 5.4M. The stock traded between $30.02 and $30.42 before closing at the price of $30.35 with 0.6% change on the day. The New York New York 10154 based company is currently trading 41.84% above its 52 week low of $22.45 and -3.13% below its 52 week high of $31.69. Both the RSI indicator and target price of 55.04 and $35.13 respectively, lead us to believe that it should be put on hold over the coming weeks.

The Blackstone Group L.P. is a publicly owned hedge fund sponsor. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors. The firm manages separate client focused portfolios for its clients. It launches fixed income mutual funds. The firm also launches and manages private equity funds, real estate funds, funds of hedge funds, and credit-focused funds for its clients. It invests in private equity, public equity, fixed income, and alternative investment markets. The Blackstone Group L.P. was founded in 1985 and is based in New York, New York with additional offices in London, United Kingdom, Hong Kong, Beijing, China, Dubai, UAE, Dusseldorf, Germany, Los Angeles, Santa Monica, Mexico City, Mexico, Paris, France, Sao Paulo, Brazil, Seoul, Korea, Shanghai, China, Singapore, Sydney, Australia, Copenhagen, Denmark, and Tokyo, Japan.

 

Three Movers to Watch for: Discovery Communications, Inc. (DISCA), Devon Energy Corporation (DVN), Western Digital Corporation (WDC)

Discovery Communications, Inc. (DISCA) grew with the stock adding 1.86% or $0.52 to close at $28.48 on active trading volume of 2.92M compared its three months average trading volume of 2.74M. The Silver Spring Maryland 20910 based company operating under the CATV Systems industry has been trending up for the last 52 weeks, with the shares price now 17.06% up for the period and up by 3.9% so far this year. With price target of $27.8 and a 20.37% rebound from 52-week low, Discovery Communications, Inc. has plenty of upside potential, making it a hold with a view buy.

Discovery Communications, Inc. operates as a media company worldwide. It operates through U.S. Networks; International Networks; and Education and Other segments. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey Network, Eurosport, DMAX, and Discovery Kids brands. Its content spans genres, including survival, exploration, sports, lifestyle, general entertainment, heroes, adventure, crime and investigation, health, and kids. The company also develops and sells curriculum-based education products and services comprising online suite of curriculum-based VOD tools, professional development services, and digital textbooks, as well as student assessments; and publishes hard copy curriculum-based content for K-12 schools. In addition, it operates production studios that develop content for television service providers, as well as Websites. The company provides content through various distribution platforms, including pay-TV, free-to-air and broadcast television, digital distribution arrangements, and content licensing agreements, as well as various platforms, such as brand-aligned Websites, Web-native networks, on-line streaming, mobile devices, video on demand (VOD), and broadband channels. As of December 31, 2015, it operated approximately 380 distribution feeds in 40 languages internationally. The company is headquartered in Silver Spring, Maryland.

Devon Energy Corporation (DVN) gained $0.66 to close the day at a new closing price of $45.41, a 1.47% increase in value from its previous closing price that moved the stock 155.12% above its 52 week low of $18.07. A total of 2.89M shares exchanged hands during the day compared with its three month average trading volume of 4.46M. The stock, which fluctuated between $45 and $45.94 during the day, currently situated -10.3% below its 52 week high. The stock is down by -4.2% in the past one month and up by 4.23% over the past three months. With a one year target estimate of $53.11 and RSI of 45.93, the stock still has upside potential, making it a hold for now.

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.

Western Digital Corporation (WDC) shares were down in last trading by -0.88% to $77.36. It experienced lighter than average volume on day. The stock decreased in value by almost -2.24% over the past week and grew 8.27% in the past month. It is currently trading 8.83% above its 50 day moving average and 41.52% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -5.28% decrease in value from its one year high of $81.67. The RSI indicator value of 58.74, lead us to believe that it is a hold for now.

Western Digital Corporation, together with its subsidiaries, develops, manufactures, and sells data storage devices and solutions worldwide. It offers performance hard disk drives (HDDs) that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models, as well as for use in storage of data for years; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are designed to enhance the performance in various enterprise workload environments. The company also provides InfiniFlash System, a system solution that offers petabyte scalable capacity with performance metrics; higher value data storage platforms and systems; datacenter software and systems; and HDDs and SSDs for desktop PCs, notebook PCs, gaming consoles, set top boxes, security surveillance systems, and other computing devices. In addition, it offers embedded NAND-flash storage products, including custom embedded solutions; and iNAND embedded flash products, such as multi-chip package solutions that combine NAND and mobile dynamic random-access memory in an integrated package for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as in automotive and connected home applications, and NAND-flash wafers. Further, it provides HDDs embedded into WD- and HGST-branded external storage products; and NAND-flash products, which include cards, universal serial bus flash drives, and wireless drives. Additionally, the company licenses its technologies. The company sells its products under the HGST, SanDisk, and WD brands to original equipment manufacturers (OEMs), distributors, resellers, cloud infrastructure players, and retailers. It serves storage subsystem suppliers, OEMs, Internet and social media infrastructure players, and PC and Mac OEMs. The company was founded in 1970 and is headquartered in Irvine, California.

 

Trader Alert: Mylan N.V. (MYL), Akamai Technologies, Inc. (AKAM), Continental Resources, Inc. (CLR)

Mylan N.V. (MYL) grew with the stock adding 0.03% or $0.01 to close at $39.31 on light trading volume of 2.52M compared its three months average trading volume of 5.2M. The Hatfield Hertfordshire EN6 1AG based company operating under the Drugs – Generic industry has been trending down for the last 52 weeks, with the shares price now -5.09% down for the period and up by 3.04% so far this year. With price target of $49.84 and a 16.99% rebound from 52-week low, Mylan N.V. has plenty of upside potential, making it a hold with a view buy.

Mylan N.V., together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide. The company provides generic or branded generic pharmaceutical products in tablet, capsule, injectable, transdermal patch, gel, cream, or ointment forms, as well as active pharmaceutical ingredients (APIs). It is also involved in the development of APIs with non-infringing processes for internal use and to partner with manufacturers; and manufacture and sale of injectable products in antineoplastics, anti-infectives, anesthesia/pain management, and cardiovascular therapeutic areas. In addition, the company produces finished dosage form and oral solid dose products; and offers antiretroviral therapies to third parties. Further, it manufactures and sells branded specialty injectable and nebulized products comprising EpiPen Auto-Injector to treat severe allergic reactions; Perforomist Inhalation Solution, a formoterol fumarate inhalation solution for the maintenance treatment of bronchoconstriction in chronic obstructive pulmonary disorder patients; and ULTIVA, an analgesic agent used during the induction and maintenance of general anesthesia for inpatient and outpatient procedures. It sells generic pharmaceutical products to proprietary and ethical pharmaceutical wholesalers and distributors, group purchasing organizations, drug store chains, independent pharmacies, drug manufacturers, institutions, and public and governmental agencies; and specialty pharmaceuticals to pharmaceutical wholesalers and distributors, pharmacies, and healthcare institutions. Mylan N.V. has a collaboration agreement with Momenta Pharmaceuticals, Inc. to develop, manufacture, and commercialize Momenta Pharmaceuticals, Inc.’s biosimilar candidates. The company was formerly known as New Moon B.V. Mylan N.V. was founded in 1961 and is based in Hertfordshire, the United Kingdom.

Akamai Technologies, Inc. (AKAM) gained $0.1 to close the day at a new closing price of $63.95, a 0.16% increase in value from its previous closing price that moved the stock 43.13% above its 52 week low of $47.8. A total of 2.51M shares exchanged hands during the day compared with its three month average trading volume of 1.88M. The stock, which fluctuated between $63.5 and $64.28 during the day, currently situated -10.73% below its 52 week high. The stock is down by -8.8% in the past one month and down by -3.88% over the past three months. With a one year target estimate of $71.85 and RSI of 35.34, the stock still has upside potential, making it a hold for now.

Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company offers performance and security solutions designed to help Websites and business applications operate while offering protection against security threats. It also provides media content delivery solutions that are designed to deliver movies, television shows, live events, games, social media, software downloads, and other content on the Internet in fixed line and mobile networks; adaptive delivery solutions for streaming video content; and download delivery solution that offers accelerated distribution for large file downloads, including games, progressive media files, documents, and other file-based content. In addition, the company offers a suite of analytics tools to monitor online video viewer experiences and the effectiveness of Web software downloads, while measuring audience engagement, and quality of service performance; and NetStorage, a cloud storage solution, as well as media services to deliver live and on-demand content to various devices and platforms. Further, it provides cloud security solutions, which help customers avoid data theft and downtime, and protect Internet-facing infrastructure; and cloud networking solutions to help customers enhance enterprise branch office and retail store productivity and revenue by accelerating applications, reducing bandwidth costs, and extending the Internet and public clouds into private wide area networks. Additionally, the company offers network operator solutions that are designed to help carriers to operate a network that capitalizes on traffic growth and new subscriber services; and professional services and solutions. It sells its solutions through direct sales and service organization; and through active channel partners. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts.

Continental Resources, Inc. (CLR) shares were up in last trading by 1.62% to $46.52. It experienced lighter than average volume on day. The stock decreased in value by almost -3% over the past week and fell -9.09% in the past month. It is currently trading -9.93% below its 50 day moving average and -1.9% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -22.85% decrease in value from its one year high of $60.3. The RSI indicator value of 36.63, lead us to believe that it is a hold for now.

Continental Resources, Inc. explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. As of December 31, 2015, its estimated proved reserves were 1,226 million barrels of crude oil equivalent (MMBoe) with estimated proved developed reserves of 525 MMBoe. Continental Resources, Inc. was founded in 1967 and is based in Oklahoma City, Oklahoma.

 

Stocks To Watch: Kimco Realty Corporation (KIM), Phillips 66 (PSX), Southern Copper Corporation (SCCO)

Kimco Realty Corporation (KIM) traded within a range of $24.71 to $25.08 after opening the day at $24.76. The company has seen its stock decrease in value by -0.48% so far this year. The stock was up close to 1.01% on light volume in last trading session and closed at $25.04 per share. After the recent gain, the stock is currently holding -20.78% below its 52 week high of $32.24 and 3.22% above its 12-month low of $24.26. The shares are down by over -0.64% in the last three months, and the RSI indicator value of 48.97 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Kimco Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets across North America. It is primarily engaged in acquisitions, development, and management of neighborhood and community shopping centers. The firm also provides property management services relating to the management, leasing, operation, and maintenance of real estate properties. Kimco Realty Corporation was formed in 1966 and is based in New Hyde Park, New York with additional office all across North America.

Phillips 66 (PSX) continued its upward trend with the stock climbing 0.77% or $0.61 to close the day at $79.86 on light trading volume of 2.03M shares, compared to its three month average trading volume of 2.31M. The Houston Texas 77042 based company has been outperforming the oil & gas refining & marketing group over the past 52 weeks, with the stock gaining 12.18%, compared to the industry which has advanced 27.34% over the same period. With RSI of 36.39, the stock should still continue to rise and get closer to its one year target estimate of $90.87, making it a hold for now.

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports, and markets natural gas; and transports, fractionates, and markets natural gas liquids in the United States. This segment also transports crude oil and other feedstocks to its refineries and other locations, as well as delivers refined and specialty products, and provides terminaling and storage services for crude oil and petroleum products. The Chemicals segment manufactures and markets ethylene and other olefin products; aromatics products, such as benzene, styrene, paraxylene, and cyclohexane, as well as polystyrene and styrene-butadiene copolymers; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, drilling chemicals, and mining chemicals. The Refining segment buys, sells, and refines crude oil and other feedstocks into petroleum products comprising gasolines, distillates, and aviation fuels at 14 refineries primarily in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products consisting of gasolines, distillates, and aviation fuels in the United States and Europe. It also manufactures and sells specialty products, such as petroleum coke, waxes, solvents, and polypropylene. In addition, this segment is involved in the generation of electricity. Phillips 66 was founded in 1875 and is headquartered in Houston, Texas.

Southern Copper Corporation (SCCO) gained $0.54 to close the day at a new closing price of $37.96, a 1.44% increase in value from its previous closing price that moved the stock 62.15% above its 52 week low of $23.54. A total of 2.03M shares exchanged hands during the day compared with its three month average trading volume of 1.27M. The stock, which fluctuated between $37.57 and $39.5 during the day, currently situated -3.24% below its 52 week high. The stock is up by 12.54% in the past one month and up by 28.07% over the past three months. With a one year target estimate of $33.41 and RSI of 56.96, the stock still has upside potential, making it a hold for now.

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce anode copper; and refining of anode copper to produce copper cathodes, as well as molybdenum concentrate, refined silver, gold, and other materials. It operates the Toquepala, Cuajone, La Caridad, and Buenavista mine complexes, as well as the smelting and refining plants, which produce copper with production of by-products of molybdenum, silver, and other materials. The company also operates five underground mines that produce zinc, lead, copper, silver, and gold; a coal mine that produces coal and coke; and a zinc refinery. It has interests in 77,799 hectares of exploration concessions in Peru; 145,720 hectares of exploration concessions in Mexico; 159,831 hectares of exploration concessions in Argentina; 40,758 hectares of exploration concessions in Chile; and 2,544 hectares of exploration concessions in Ecuador. The company was founded in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation operates as a subsidiary of Americas Mining Corporation.

 

Equities Trend Analysis: Level 3 Communications, Inc. (LVLT), Autodesk, Inc. (ADSK), Comerica Incorporated (CMA)

Level 3 Communications, Inc. (LVLT) grew with the stock adding 0.19% or $0.11 to close at $57.74 on light trading volume of 1.7M compared its three months average trading volume of 2.26M. The Broomfield Colorado 80021 based company operating under the Diversified Communication Services industry has been trending up for the last 52 weeks, with the shares price now 25.9% up for the period and up by 2.45% so far this year. With price target of $62.71 and a 31.2% rebound from 52-week low, Level 3 Communications, Inc. has plenty of upside potential, making it a hold with a view buy.

Level 3 Communications, Inc., together with its subsidiaries, operates as a facilities-based provider of a range of integrated communications services. It operates through North America, EMEA, and Latin America segments. The company offers Internet protocol (IP) and data services comprising Internet services, virtual private network, Ethernet, content delivery network, media delivery, Vyvx broadcast, managed, cloud and IT, and cloud connect services, as well as Communications as a Service. It also provides transport and fiber services comprising wavelengths, private lines, transoceanic services, and dark fiber, as well as related professional services; local and enterprise voice services, including Voice over Internet Protocol services and traditional circuit-switch based services; collaboration services, such as audio, Web, and video collaboration services; colocation and data center services comprising cloud, hosting, and application management solutions; and security services for mobile users or remote offices, governance, risk management, and compliance. In addition, the company provides wholesale voice services, including voice termination and toll free services. It primarily serves various types of customers, such as enterprises, content, government, and wholesale. The company was founded in 1884 and is headquartered in Broomfield, Colorado.

Autodesk, Inc. (ADSK) had a light trading with around 1.7M shares changing hands compared to its three month average trading volume of 2.35M. The stock traded between $82.38 and $84.46 before closing at the price of $83.23 with -0.77% change on the day. The San Rafael California 94903 based company is currently trading 98.88% above its 52 week low of $44.22 and -2.21% below its 52 week high of $85.11. Both the RSI indicator and target price of  and $81.71 respectively, lead us to believe that it could rise over the coming weeks.

Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that offer model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software for infrastructure planning, design, and management. Its Platform Solutions and Emerging Business segment offers AutoCAD software, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software. The company’s Manufacturing segment provides Autodesk Product Design Suites for digital prototyping; Autodesk Inventor to go beyond 3D design to digital prototyping; AutoCAD Mechanical software to accelerate the mechanical design process; Autodesk Moldflow, an injection molding simulation software; Autodesk Delcam, a CAD and computer-aided manufacturing software; Autodesk PLM 360, a product lifecycle management application; and Autodesk Fusion 360, a product development environment. Its Media and Entertainment segment offers Autodesk Maya and Autodesk 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and Autodesk Flame and Autodesk Lustre software applications that offer editing, finishing, and visual effects design and color grading solutions. Autodesk, Inc. sells consumer products for digital art, personal design and creativity, and home design in digital storefronts and over the Internet. It licenses or sells its products to customers in the architecture, engineering, and construction; manufacturing; and digital media, consumer, and entertainment industries directly, as well as through resellers and distributors. Autodesk, Inc. was founded in 1982 and is headquartered in San Rafael, California.

Comerica Incorporated (CMA) saw its value increase by 0.12% as the stock gained $0.08 to finish the day at a closing price of $68.99. The stock was lighter in trading and has fluctuated between $32.74-$71.2 per share for the past year. The shares, which traded within a range of $68.55 to $69.53 during the day, are up by 26.41% in the past three months and up by 52.83% over the past six months. It is currently trading 1.43% above its 20 day moving average and 1.39% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $70.91 a share over the next twelve months. The current relative strength index (RSI) reading is 53.54.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services to middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides small business banking and personal financial services, including consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers a range of consumer products consisting of deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services comprising fiduciary services, private banking, retirement services, investment management and advisory services, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The company operates in Texas, California, and Michigan, as well as in Arizona and Florida, the United States; Canada; and Mexico. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.