Cameron Chan

Stocks Buzz: Gevo, Inc. (GEVO), Harman International Industries, Incorporated (HAR), Cabela’s Incorporated (CAB)

Gevo, Inc. (GEVO) continued its downward trend with the stock declining -11.74% or $-0.31 to close the day at $2.33 on light trading volume of 1.42M shares, compared to its three month average trading volume of 3.52M. The Englewood Colorado 80112 based company has been underperforming the chemicals – major diversified group over the past 52 weeks, with the stock losing -66.71%, compared to the industry which has advanced 41.26% over the same period. With RSI of 28.19, the stock should still continue to rise and get closer to its one year target estimate of $8.5, making it a hold for now.

Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. It operates in two segments, Gevo, Inc. and Gevo Development/Agri-Energy. The company engages in the research and development, and production of isobutanol; development of its proprietary biocatalysts; production and sale of biojet fuel; and retrofit process of chemicals and biofuels. It is also involved in the production of ethanol, isobutanol, and related products. Gevo, Inc. produces and separates its renewable isobutanol through the Gevo Integrated Fermentation Technology platform. The company was formerly known as Methanotech, Inc. and changed its name to Gevo, Inc. in March 2006. Gevo, Inc. was founded in 2005 and is headquartered in Englewood, Colorado.

Harman International Industries, Incorporated (HAR) retreated with the stock falling 0% or $0 to close at $111 on active trading volume of 1.45M compared its three months average trading volume of 1.44M. The Stamford Connecticut 06901 based company operating under the Electronic Equipment industry has been trending up for the last 52 weeks, with the shares price now 60.65% up for the period and up by 0.17% so far this year. With price target of $106.11 and a 72.91% rebound from 52-week low, Harman International Industries, Incorporated has plenty of upside potential, making it a hold with a view buy.

Harman International Industries, Incorporated designs and engineers connected products and solutions for automakers, consumers, and enterprises worldwide. The company operates through four segments: Connected Car, Lifestyle Audio, Professional Solutions, and Connected Services. The Connected Car segment designs, manufactures, and markets connected car systems for vehicle applications to be installed as original equipment by automotive manufacturers, as well as produces an infotainment system for Harley-Davidson touring motorcycles. This segment also offers automotive cyber security solutions. The Lifestyle Audio segment offers car audio systems for vehicle applications, as well as provides a range of consumer audio products, including mid-to high-end loudspeakers and electronics, headphones, embedded audio products for consumer electronics, and branded portable wireless speakers. The Professional Solutions segment designs, manufactures, and markets audio, lighting, video and control, and automation solutions for entertainment and enterprise applications, such as live concerts and festivals, stadiums, airports, hotels and resorts, conference centers, educational institutions, command centers, and houses of worship. Its products include loudspeakers, amplifiers, digital signal processors, microphones, headphones, mixing consoles, guitar pedals, lighting, video and control, and enterprise automation solutions. The Connected Services segment offers software solutions to the automotive, retail, mobile, healthcare, media, and consumer electronics markets. The company markets its products under the AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft, and Studer brand names. Harman International Industries, Incorporated has strategic partnership with Navdy to offer an aftermarket augmented reality driving device to automotive OEMs. The company was founded in 1980 and is headquartered in Stamford, Connecticut.

Cabela’s Incorporated (CAB) continued its downward trend with the stock declining -1.15% or $-0.57 to close the day at $48.79 on lower than average trading volume of 1.44M shares, compared to its three month average trading volume of 843.66K. The Sidney Nebraska 69162 based company has been underperforming the sporting goods stores companies by -20.4171% for last three months and its recent losses have pulled the stock down -16.67% YTD, versus the sporting goods stores industry which is down -8.1% for the same period. The RSI of 9.21 indicates the stock is oversold at the current levels, buy for now.

Cabela’s Incorporated operates as a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise. The company operates through Retail, Direct, and Financial Services segments. The Retail segment sells products and services through its retail stores The Direct segment sells products through its e-commerce websites, including Cabelas.com and Cabelas.ca; and direct mail catalogs. The Financial Services segment issues Cabela’s CLUB Visa credit card, a rewards based credit card program; and certificates of deposit, as well as underwrites credit statistics. This segment offers its Cabela’s CLUB Visa credit card through various channels, including retail stores, Website, inbound telemarketing, and catalogs. The company’s product assortment includes hunting equipment, such as firearms, ammunition, optics, archery products, and related accessories and supplies; and field wear apparel and footwear, sportswear apparel and footwear, casual apparel and footwear, and workwear products. Its product assortment also comprises equipment and accessories for various outdoor activities, including fishing and tackle products; boats, electronics, and marine accessories and equipment; camping gear and equipment; food preparation and outdoor cooking products; all-terrain vehicles and accessories; and gifts and home furnishings. The company operates 77 retail stores, including 68 stores in the United States; and 9 stores in Canada. Cabela’s Incorporated was founded in 1961 and is headquartered in Sidney, Nebraska.

 

Momentum Stocks in Focus: RingCentral, Inc. (RNG), Ocean Rig UDW LLC (ORIG), Terex Corporation (TEX)

RingCentral, Inc. (RNG) continued its upward trend with the stock climbing 1.28% or $0.3 to close the day at $23.8 on light trading volume of 1.31M shares, compared to its three month average trading volume of 554.08K. The Belmont California 94002 based company has been outperforming the application software group over the past 52 weeks, with the stock gaining 45.92%, compared to the industry which has advanced 31.59% over the same period. With RSI of 59.1, the stock should still continue to rise and get closer to its one year target estimate of $28.73, making it a hold for now.

RingCentral, Inc. provides software-as-a-service solutions for business communications primarily in the United States. The company’s products include RingCentral Office, a multi-location, multi-user, enterprise-grade communications solution that enables employees to communicate through voice, text, team messaging collaboration, HD video for Web conferencing, and fax on devices, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing service with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. Its products also comprise RingCentral Contact Center, which provides a cloud based contact center solution that delivers multi-channel capabilities; and Glip by RingCentral, a team messaging and collaboration solution that allows diverse teams to stay connected through multiple modes of communication through an integration with RingCentral Office. The company serves advertising, consulting, finance, healthcare, legal, real estate, retail, and technology industries through its direct sales representatives and resellers. RingCentral, Inc. was founded in 1999 and is headquartered in Belmont, California.

Ocean Rig UDW LLC (ORIG) grew with the stock adding 3.39% or $0.04 to close at $1.22 on light trading volume of 1.3M compared its three months average trading volume of 3.41M. The Nicosia NI 1075 based company operating under the Oil & Gas Drilling & Exploration industry has been trending up for the last 52 weeks, with the shares price now 48.78% up for the period and down by -29.89% so far this year. With price target of $0 and a 84.85% rebound from 52-week low, Ocean Rig UDW LLC has plenty of upside potential, making it a hold with a view buy.

Ocean Rig UDW LLC was founded in 2010 and is based in Houston, Texas. Ocean Rig UDW LLC operates as a subsidiary of Ocean Rig UDW Inc.

Terex Corporation (TEX) failed to extend gains with the stock declining -0.4% or $-0.13 to close the day at $32.42 on higher than average trading volume of 1.3M shares, compared to its three month average trading volume of 1.26M. The Westport Connecticut 06880 based company has been outperforming the farm & construction machinery companies by 17.1208% for last three months and its recent gains have pushed the stock slightly up 2.82% YTD, versus the farm & construction machinery industry which is up 7.29% for the same period. The RSI of 52.76 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Terex Corporation operates as a lifting and material handling solutions company. Its Aerial Work Platforms segment designs, manufactures, services, and markets aerial work platform equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie names. The company’s Cranes segment designs, manufactures, services, refurbishes, and markets mobile telescopic, tower, lattice boom crawler, lattice boom truck, utility equipment, and truck-mounted cranes, as well as related components and replacement parts under the Terex name. Its Material Handling & Port Solutions segment offers industrial cranes, such as universal cranes, process cranes, rope and chain hoists, electric motors, light crane systems, and crane components; and port and rail equipment, including mobile harbor cranes, straddle and sprinter carriers, gantry cranes, reach stackers, empty and full container handlers, general cargo lift trucks, automated stacking cranes, automated guided vehicles, and terminal automation software, as well as related components and replacement parts. The company’s Materials Processing segment provides materials processing equipment, such as crushers, washing systems, screens, apron feeders, chippers, and related components and replacement parts under the Terex, Powerscreen, and CBI brands. Its Construction segment offers compact construction equipment, including loader backhoes, mini and midi excavators, wheeled excavators, site dumpers, compaction rollers, and wheel loaders; and specialty equipment, such as material handlers, concrete mixer trucks, and concrete pavers. The company also provides financing solutions to assist customers in the rental, leasing, and acquisition of its products. It serves the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy, and utility industries worldwide. Terex Corporation was founded in 1925 and is based in Westport, Connecticut.

 

Stocks To Watch: Foot Locker, Inc. (FL), California Resources Corporation (CRC), KBR, Inc. (KBR)

Foot Locker, Inc. (FL) traded within a range of $70.33 to $71.62 after opening the day at $71.41. The company has seen its stock decrease in value by -0.26% so far this year. The stock was down close to -1.11% on light volume in last trading session and closed at $70.43 per share. After the recent fall, the stock is currently holding -10.99% below its 52 week high of $79.43 and 40.13% above its 12-month low of $50.9. The shares are down by over -1.29% in the last three months, and the RSI indicator value of 49.7 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Foot Locker, Inc. operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, and SIX:02, as well as Runners Point, and Sidestep. As of August 30, 2016, it operated approximately 3,400 stores in North America, Europe, Australia, and New Zealand. The Direct-to-Customers segment sell athletic footwear, apparel, equipment, team licensed products, and private-label merchandise through Internet Websites, mobile sites, and catalogs. This segment operates sites for eastbay.com, final-score.com, eastbayteamsales.com, and sp24.com, as well as footlocker.com, ladyfootlocker.com, six02.com, kidsfootlocker.com, champssports.com, footaction.com, footlocker.ca, footlocker.eu, runnerspoint.com, and sidestep-shoes.com. The company also provides franchise licenses to operate its Foot Locker stores in the Middle East and the Republic of Korea; and Runners Point Germany. It operates 64 franchised stores. The company was founded in 1879 and is headquartered in New York, New York.

California Resources Corporation (CRC) continued its downward trend with the stock declining -2.44% or $-0.47 to close the day at $18.81 on light trading volume of 1.23M shares, compared to its three month average trading volume of 2.07M. The Los Angeles California 91311 based company has been outperforming the independent oil & gas group over the past 52 weeks, with the stock gaining 234.7%, compared to the industry which has advanced 52.15% over the same period. With RSI of 41.09, the stock should still continue to rise and get closer to its one year target estimate of $21.17, making it a hold for now.

California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. The company holds interests in approximately 2.4 million net acres. As of December 31, 2015, it had net proved reserves of 644 million barrels of oil equivalent. It also gathers, processes, and markets oil and gas products to marketers, California refineries, and other purchasers that have access to transportation and storage facilities. In addition, the company generates and sells electricity to the grid and to others through contractual agreements. California Resources Corporation is headquartered in Los Angeles, California.

KBR, Inc. (KBR) gained $0.21 to close the day at a new closing price of $17.06, a 1.25% increase in value from its previous closing price that moved the stock 50.06% above its 52 week low of $11.69. A total of 1.22M shares exchanged hands during the day compared with its three month average trading volume of 1.49M. The stock, which fluctuated between $16.91 and $17.19 during the day, currently situated -4.52% below its 52 week high. The stock is up by 0.89% in the past one month and up by 9.72% over the past three months. With a one year target estimate of $19.42 and RSI of 53, the stock still has upside potential, making it a hold for now.

KBR, Inc. operates as an engineering, construction, and services company worldwide. The company operates through three segments: Technology and Consulting, Engineering and Construction, and Government Services. The Technology and Consulting segment offers services and solutions, including licensing, engineering and design, proprietary equipment, plant automation, remote monitoring, catalysts, and related consulting services to hydrocarbons, petrochemicals, chemicals, and fertilizer markets. This segment provides field development planning, technology selection and capital spending optimization, plant integrity management, specialized naval architecture technology, floating production units, and structural engineering; and feasibility studies, revamp studies, planning/development and construction studies. The Engineering and Construction segment provides engineering services, as well as engineering, procurement, and construction project delivery for the development, construction, and commissioning of projects in the oil and gas industries, and liquefied natural gas/gas-to-liquids markets, as well as refining, petrochemicals, chemicals, and fertilizers industries. This segment provides offshore oil and gas services focused on the hydrocarbons value chain from subsea umbilicals, risers, and flowlines to fixed and floating platforms, including hulls, moorings, and risers; and onshore oil and gas services across the hydrocarbons industry. The Government Services segment offers construction, refurbishment, operations, and maintenance of housing, and associated facilities for military personnel to home base, as well as operations support, embassy and critical infrastructure support, life-support programs, heavy equipment transportation, and non-military government facilities management and integration. KBR, Inc. was founded in 1901 and is headquartered in Houston, Texas.

 

Eye Catching Stocks: Tractor Supply Company (TSCO), Leucadia National Corporation (LUK), Washington Prime Group Inc. (WPG)

Tractor Supply Company (TSCO) failed to extend gains with the stock declining -1.47% or $-1.09 to close the day at $73.16 on light trading volume of 1.05M shares, compared to its three month average trading volume of 1.56M. The Brentwood Tennessee 37027 based company has been underperforming the specialty retail, other group over the past 52 weeks, with the stock losing -11.36%, compared to the industry which has advanced 51.89% over the same period. With RSI of 41.34, the stock should still continue to rise and get closer to its one year target estimate of $83.33, making it a hold for now.

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use. As of December 31, 2016, it operated 1,595 retail stores in 49 states. The company operates its retail stores under the Tractor Supply Company, Del’s Feed & Farm Supply, and HomeTown Pet names. It also operates an e-commerce Website, TractorSupply.com. The company sells its products to recreational farmers, ranchers, and others, as well as tradesmen and small businesses. Tractor Supply Company was founded in 1938 and is based in Brentwood, Tennessee.

Leucadia National Corporation (LUK) climbed 1.12% during last trading as the stock added $0.27 to finish the day at $24.28 with about 1.05M shares changing hands, compared to its three month average trading volume of 1.51M. The $8.7B market cap company, which fluctuated between $24.19 and $24.46 during the day, currently situated 72.48% above its 52 week low of $14.27 and -1.3% away from its one year high of $24.6. The RSI of 57.23 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Leucadia National Corporation, a diversified holding company, engages in investment banking and capital markets, beef processing, manufacturing, oil and gas exploration and production, and asset management activities. Its services include equities research, sales, and trading; financing, securities lending, and other brokerage; wealth management; fixed income sales and trading; trade execution in foreign exchange, spot, forward, swap, and option contracts across currencies; equity and debt capital markets, as well as financial advisory in the areas of mergers and acquisition, restructuring, and recapitalization; equity and debt financing to companies, financial sponsors, and government entities; and investment management services to pension funds, insurance companies, and other institutional investors. The company also provides investment advisory, portfolio management, and operational services to accredited investors and qualified purchasers; and online foreign exchange trading and related services. In addition, it develops and owns residential and mixed-use real estate properties in California, New York, Florida, Virginia, South Carolina, and Maine; provides capital solutions, investment sales advisory, research, and services for multifamily and commercial properties; and purchases automobile installment contracts, as well as leases used Harley-Davidson motorcycles. Further, it processes and markets beef, beef by-products, pork, and leather; owns oil and gas properties in the Bakken field, as well as leases and develops oil and gas properties in Texas and Oklahoma; owns and operates 27 automobile dealerships; offers fixed wireless broadband services in Italy; manufactures and markets plastic netting and wood products; and mines gold and silver ores. The company was formerly known as Talcott National Corp. and changed its name to Leucadia National Corporation in June 1980. Leucadia National Corporation was founded in 1968 and is headquartered in New York, New York.

Washington Prime Group Inc. (WPG) saw its value decrease by -0.51% as the stock dropped $-0.05 to finish the day at a closing price of $9.67. The stock was lighter in trading and has fluctuated between $7.47-$14.15 per share for the past year. The shares, which traded within a range of $9.56 to $9.79 during the day, are up by 1.72% in the past three months and down by -21.91% over the past six months. It is currently trading -0.37% below its 20 day moving average and -3.87% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $10.9 a share over the next twelve months. The current relative strength index (RSI) reading is 45.56. The technical indicator lead us to believe there will be no major movement any time soon, hold.

Washington Prime Group Inc. (NYSE:WPG.WI) operates independently of Simon Property Group Inc. as of May 28, 2014.

 

Three Movers to Watch for: Iron Mountain Incorporated (IRM), WMIH Corp. (WMIH), PDL BioPharma, Inc. (PDLI)

Iron Mountain Incorporated (IRM) grew with the stock adding 0.62% or $0.23 to close at $37.62 on light trading volume of 1.11M compared its three months average trading volume of 1.51M. The Boston Massachusetts 02110 based company operating under the Business Software & Services industry has been trending up for the last 52 weeks, with the shares price now 45.52% up for the period and up by 15.83% so far this year. With price target of $40.8 and a 52.42% rebound from 52-week low, Iron Mountain Incorporated has plenty of upside potential, making it a hold with a view buy.

Iron Mountain Incorporated, together with its subsidiaries, provides storage and information management services in North America, Europe, Latin America, and the Asia Pacific. It operates through North American Records and Information Management Business, North American Data Management Business, Western European Business, and Other International Business segments. The company provides storage and information management services for physical records and other media, such as microfilm and microfiche, master audio and videotapes, film, X-rays, and blueprints, including healthcare information services, vital records services, and service and courier operations, as well as the collection, handling, disposal of sensitive documents for corporate customers. It also offers information destruction services primarily consist of physical secure shredding operations; document management solutions to develop, implement, and support storage and information management solutions for the complete lifecycle of its customers’ information; fulfillment services; technology escrow services that protect and manage source code; and professional consulting services, as well as sells resultant waste paper to third-party recyclers. In addition, the company is involved in the storage and rotation of backup computer media operations, including records management, data protection and recovery, server and computer backup services, and digital content repository systems to house, distribute, and archive key media assets, as well as for storage, safeguarding, and electronic or physical delivery of physical media primarily for the entertainment and media industry clients. It serves commercial, legal, banking, healthcare, accounting, insurance, entertainment, and government organizations. Iron Mountain Incorporated was founded in 1951 and is headquartered in Boston, Massachusetts.

WMIH Corp. (WMIH) dropped $-0.05 to close the day at a new closing price of $1.35, a -3.57% decrease in value from its previous closing price that moved the stock 3.85% above its 52 week low of $1.3. A total of 1.1M shares exchanged hands during the day compared with its three month average trading volume of 943.48K. The stock, which fluctuated between $1.3 and $1.4 during the day, currently situated -46% below its 52 week high. The stock is down by -6.9% in the past one month and down by -18.18% over the past three months. With a one year target estimate of $0 and RSI of 40.74, the stock still has upside potential, making it a hold for now.

WMIH Corp., through its subsidiary, WM Mortgage Reinsurance Company, Inc., engages in reinsurance business with respect to mortgage insurance in runoff mode. The company was formerly known as WMI Holdings Corp. and changed its name to WMIH Corp. in May 2015. WMIH Corp. was founded in 1889 and is headquartered in Seattle, Washington.

PDL BioPharma, Inc. (PDLI) shares were down in last trading by -0.44% to $2.25. It experienced lighter than average volume on day. The stock increased in value by almost 0.45% over the past week and fell -1.75% in the past month. It is currently trading 2.72% above its 50 day moving average and -23.38% below its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -40.55% decrease in value from its one year high of $3.84. The RSI indicator value of 54.75, lead us to believe that it is a hold for now.

PDL BioPharma, Inc. manages a portfolio of patents and royalty assets in the United States and Europe. The company is involved in the humanization of monoclonal antibodies and the discovery of a new generation of targeted treatments for cancer and immunologic diseases. It offers Queen et al. patents that cover humanized antibodies, methods for humanizing antibodies, polynucleotide encoding in humanized antibodies, and methods of producing humanized antibodies. PDL BioPharma, Inc. has license agreements with various biotechnology and pharmaceutical companies, as well as acquires royalty and other assets. The company was formerly known as Protein Design Labs, Inc. and changed its name to PDL BioPharma, Inc. in 2006. PDL BioPharma, Inc. was founded in 1986 and is headquartered in Incline Village, Nevada.

 

Stocks Highlights: Owens Corning (OC), Axion Power International, Inc. (AXPW), EnteroMedics Inc. (ETRM)

Owens Corning (OC) had a active trading with around 1.15M shares changing hands compared to its three month average trading volume of 1.09M. The stock traded between $57.31 and $58 before closing at the price of $57.51 with 0.56% change on the day. The Toledo Ohio 43659 based company is currently trading 45.96% above its 52 week low of $39.98 and -1.3% below its 52 week high of $58.69. Both the RSI indicator and target price of 66.38 and $56.2 respectively, lead us to believe that it should be put on hold over the coming weeks.

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential and commercial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in pipe, roofing shingles, sporting goods, consumer electronics, telecommunications cables, boats, aviation, defense, automotive, industrial containers, and wind-energy applications in the building and construction, transportation, consumer, industrial, and power and energy markets. The Insulation segment manufactures and sells fiberglass insulation into residential, commercial, industrial, and other markets for thermal and acoustical applications; and manufactures and sells glass fiber pipe insulation, flexible duct media, bonded and granulated mineral fiber insulation, and foam insulation used in above- and below-grade construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Roofing segment manufactures and sells residential roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials. This segment sells its products through home centers, lumberyards, retailers, distributors, and contractors, as well as to roofing contractors for built-up roofing asphalt systems and to manufacturers in automotive, chemical, rubber, and construction industries. Owens Corning was founded in 1938 and is headquartered in Toledo, Ohio.

Axion Power International, Inc. (AXPW) managed to rebound with the stock declining 0% or $0 to close the day at $0.01 on light trading volume of 1.14M shares, compared to its three month average trading volume of 392.01K. The New Castle Pennsylvania 16105 based company has been underperforming the industrial electrical equipment group over the past 52 weeks, with the stock losing 0%, compared to the industry which has advanced 45.62% over the same period. With RSI of 0, the stock should still continue to rise and get closer to its one year target estimate of $0, making it a hold for now.

Axion Power International, Inc., an energy solutions company, develops carbon/lead batteries. The company sells batteries, energy storage systems, and engineering services. Its PbC (lead carbon) batteries and battery components are used in energy system storage functions. The company was founded in 2003 and is based in New Castle, Pennsylvania.

EnteroMedics Inc. (ETRM) shares were down in last trading by -2.04% to $7.69. It experienced lighter than average volume on day. The stock increased in value by almost 0.65% over the past week and fell -45.07% in the past month. It is currently trading 51.97% above its 50 day moving average and 423.18% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -74.71% decrease in value from its one year high of $30.41. The RSI indicator value of 51.99, lead us to believe that it is a hold for now.

EnteroMedics Inc., a medical device company, focuses on the design and development of devices that use neuroblocking technology to treat obesity, metabolic diseases, and other gastrointestinal disorders. Its proprietary neuroblocking technology is designed to intermittently block the vagus nerve using electrical impulses. The company develops the Maestro Rechargeable System, which is used to limit the expansion of the stomach, control hunger sensations between meals, reduce the frequency and intensity of stomach contractions, and produce a feeling of early and prolonged fullness. It has collaboration with Mayo Clinic for the development and testing of products for the treatment of obesity. The company was formerly known as Beta Medical, Inc. and changed its name to EnteroMedics Inc. in 2003. EnteroMedics Inc. was founded in 2002 and is headquartered in St. Paul, Minnesota.

 

3 Stocks in Focus: Activision Blizzard, Inc. (ATVI), Mead Johnson Nutrition Company (MJN), Freeport-McMoRan Inc. (FCX)

Activision Blizzard, Inc. (ATVI) climbed 18.88% during last trading as the stock added $7.5 to finish the day at $47.23 with about 51.7M shares changing hands, compared to its three month average trading volume of 8.29M. The $35.14B market cap company, which fluctuated between $44.93 and $47.64 during the day, currently situated 79.74% above its 52 week low of $28.55 and 3.69% away from its one year high of $47.64. The RSI of 84.49 indicates the stock is overbought at the current levels, sell for now.

Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games. The company operates through two segments, Activision Publishing, Inc. and Blizzard Entertainment, Inc. The company develops, publishes, and sells interactive software products and content through retail channels or digital downloads; and downloadable content to a range of gamers. It also publishes subscription-based massively multiplayer online role-playing games; and strategy and role-playing games. In addition, the company maintains a proprietary online gaming service, Battle.net that facilitates the creation of user generated content, digital distribution, and online social connectivity in its games. Further, it engages in creating original film and television content; and provides warehousing, logistical, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, game specialty stores, and consumers through third-party distribution, licensing arrangements, and direct digital purchases in the United States, Canada, Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, the Netherlands, Australia, South Korea, China, and internationally. Activision Blizzard, Inc. is headquartered in Santa Monica, California.

Mead Johnson Nutrition Company (MJN) gained $4.67 to close the day at a new closing price of $87.72, a 5.62% increase in value from its previous closing price that moved the stock 30.69% above its 52 week low of $69.25. A total of 50.31M shares exchanged hands during the day compared with its three month average trading volume of 2.23M. The stock, which fluctuated between $86.95 and $87.84 during the day, currently situated -6.04% below its 52 week high. The stock is up by 24.58% in the past one month and up by 18.89% over the past three months. With a one year target estimate of $81.7 and RSI of 76.75, the stock still has upside potential, making it a sell for now.

Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, children’s nutrition, and other nutritional products. It offers routine infant formula products as a breast milk substitute for healthy infants for use as the infant’s source of nutrition, as well as a supplement to breastfeeding under the Enfamil Premium, Enfapro Premium, Enfalac A+, and Enfamil A+ names; and solutions products to address common feeding tolerance problems, including spit-up, fussiness, gas, and lactose intolerance under the Enfamil Gentlease, Enfamil A.R., Enfamil ProSobee, and Enfamil LactoFree names. The company also provides specialty formula products, including formulas for addressing special medical needs, such as Nutramigen for cow’s milk protein allergies, as well as Puramino, an amino acid formula for cow’s milk protein allergies or multiple other food allergies; Enfamil Premature to meet the needs of premature and low birth weight infants; EnfaCare, a hypercaloric formula for premature babies at home; and produces medical foods for nutritional management of individuals with rare, inborn errors of metabolism comprising maple syrup urine disease and phenylketonuria. In addition, it offers children’s nutrition products comprising products for meeting children’s nutritional needs at toddlers and older children stage, as well as offer milk modifiers under the Enfagrow, Sustagen, Lactum, ChocoMilk, and Cal-C-Tose names; a range of other products, including pre-natal and post-natal nutritional supplements for expectant and nursing mothers under the Expecta and EnfaMama names; and pediatric vitamin products under the Enfamil Poly-Vi-Sol name, as well as multivitamins and iron supplements for infants. The company sells its products to mothers, health care professionals, and retailers in approximately 50 countries in Asia, North America, Latin America, and Europe. Mead Johnson Nutrition Company was founded in 1905 and is headquartered in Glenview, Illinois.

Freeport-McMoRan Inc. (FCX) had a active trading with around 45.36M shares changing hands compared to its three month average trading volume of 32.22M. The stock traded between $15.74 and $16.56 before closing at the price of $15.8 with 2.66% change on the day. The Phoenix Arizona 85004 based company is currently trading 239.78% above its 52 week low of $5.8 and -7.39% below its 52 week high of $17.06. Both the RSI indicator and target price of 50.26 and $14.76 respectively, lead us to believe that it should be put on hold over the coming weeks.

Freeport-McMoRan Inc., a natural resource company, acquires, explores, and develops mineral assets, and oil and natural gas resources. The company explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, as well as oil and gas. It holds interests in various mines located in the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, Miami, Chino, Tyrone, Henderson, and Climax in North America; Cerro Verde and El Abra in South America; and the Tenke Fungurume minerals district in the Democratic Republic of Congo, Africa. The company’s oil and gas operations include oil production facilities in the Deepwater Gulf of Mexico; oil production facilities onshore and offshore in California; onshore natural gas resources in the Haynesville shale in Louisiana; natural gas production from the Madden area in central Wyoming; and a position in the Inboard Lower Tertiary/Cretaceous natural gas trend onshore located in South Louisiana. As of December 31, 2015, its consolidated recoverable proven and probable mineral reserves included 99.5 billion pounds of copper, 27.1 million ounces of gold, 3.05 billion pounds of molybdenum, 271.2 million ounces of silver, and 0.87 billion pounds of cobalt; and its estimated proved oil and natural gas reserves totaled 252 million barrels of oil equivalents. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was founded in 1987 and is headquartered in Phoenix, Arizona.

 

Stocks To Track: Wells Fargo & Company (WFC), AT&T Inc. (T), Marathon Oil Corporation (MRO)

Wells Fargo & Company (WFC) climbed 0.23% during last trading as the stock added $0.13 to finish the day at $56.86 with about 12.27M shares changing hands, compared to its three month average trading volume of 24.89M. The $285.76B market cap company, which fluctuated between $56.66 and $57.04 during the day, currently situated 32.54% above its 52 week low of $43.55 and -1.33% away from its one year high of $58.02. The RSI of 57.66 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, as well as time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, and merchant payment processing and private label financing solutions, as well as purchases retail installment contracts. Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, insurance, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; commercial real estate loan servicing; and real estate and mortgage brokerage services. The company’s Wealth, Brokerage and Retirement segment offers financial advisory, wealth management, brokerage, retirement, trust, and reinsurance services. As of February 25, 2015, it operated through approximately 8,700 locations and 12,500 ATMs & offices in 36 countries. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

AT&T Inc. (T) gained $0.07 to close the day at a new closing price of $41.38, a 0.17% increase in value from its previous closing price that moved the stock 20.79% above its 52 week low of $36.1. A total of 12.13M shares exchanged hands during the day compared with its three month average trading volume of 21.72M. The stock, which fluctuated between $41.2 and $41.43 during the day, currently situated -2.72% below its 52 week high. The stock is up by 1.9% in the past one month and up by 11.81% over the past three months. With a one year target estimate of $42.24 and RSI of 51.05, the stock still has upside potential, making it a hold for now.

AT&T Inc. provides telecommunications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless, fixed strategic, legacy voice and data, and wireless equipment services to business, governmental, and wholesale customers, as well as individual subscribers. The Entertainment Group segment provides video entertainment and audio programming channels to approximately 25.4 million subscribers; broadband and Internet services to 12.4 million residential subscribers; local and long-distance voice services to residential customers, as well as DSL Internet access services; and voice services over IP-based technology, and technical support and other customer service functions and equipment. The Consumer Mobility segment offers wireless services to consumers, and wireless wholesale and resale subscribers, such as long-distance and roaming services. This segment provides postpaid and prepaid wireless voice and data communications services; consulting, advertising, and application and co-location services; and sells a variety of handsets, wirelessly enabled computers, and personal computer wireless data cards through company-owned stores, agents, or third-party retail stores, as well as accessories, such as carrying cases and hands-free devices. The International segment offers video entertainment services to residential customers in Latin America, as well as wireless data and voice communication services in Mexico. This segment provides digital television services under the DIRECTV and SKY brands; postpaid and prepaid wireless services to approximately 8.7 million subscribers under the AT&T, Iusacell, Unefon, and Nextel Mexico brands; and sells a range of handsets. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November 2005. AT&T Inc. was founded in 1983 and is based in Dallas, Texas.

Marathon Oil Corporation (MRO) had a light trading with around 11.99M shares changing hands compared to its three month average trading volume of 13.53M. The stock traded between $16.05 and $16.4 before closing at the price of $16.19 with 0.87% change on the day. The Houston Texas 77056 based company is currently trading 152.81% above its 52 week low of $6.52 and -16.03% below its 52 week high of $19.28. Both the RSI indicator and target price of 37.26 and $20.46 respectively, lead us to believe that it should be put on hold over the coming weeks.

Marathon Oil Corporation operates as an energy company. It operates through three segments: North America E&P, International E&P, and Oil Sands Mining. The North America E&P segment develops, explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in North America. The International Exploration and Production segment explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in Equatorial Guinea, Gabon, the Kurdistan Region of Iraq, Libya, and the United Kingdom; and produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol in Equatorial Guinea. The Oil Sands Mining segment mines, extracts, and transports bitumen from oil sands deposits in Alberta and Canada; and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. As of December 31, 2015, it had rights to participate in developed and undeveloped leases totaling approximately 32,000 net acres. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in July 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.

 

Stock’s Trend Analysis Report: Huntington Bancshares Incorporated (HBAN), The Charles Schwab Corporation (SCHW), CBRE Group, Inc. (CBG)

Huntington Bancshares Incorporated (HBAN) climbed 0.52% during last trading as the stock added $0.07 to finish the day at $13.62 with about 6.86M shares changing hands, compared to its three month average trading volume of 13.95M. The $14.71B market cap company, which fluctuated between $13.5 and $13.66 during the day, currently situated 76.16% above its 52 week low of $8.05 and -3.88% away from its one year high of $14.17. The RSI of 54.53 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company’s Retail and Business Banking segment offers financial products and services, including checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, insurance, interest rate risk protection, and foreign exchange and treasury management services. Its Commercial Banking segment provides corporate risk management and institutional sales, trading, and underwriting services; commercial property and casualty, employee benefits, personal lines, life and disability, and specialty lines of insurance; and brokerage and agency services for residential and commercial title insurance, as well as excess and surplus product lines of insurance. The company’s Automobile Finance and Commercial Real Estate segment offers financing for the purchase of vehicles; financing the acquisition of new and used vehicle inventory of franchised automotive dealerships; and financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers. Its Regional Banking and The Huntington Private Client Group segment provides deposits, lending, and other banking services; wealth management services, and retirement plan and corporate trust services; and brokerage, annuities, advisory, and other investment products. The company’s Home Lending segment offers consumer loans and mortgages. Huntington Bancshares Incorporated also provides equipment leasing; and online, mobile, and telephone banking services. The company was founded in 1866 and is headquartered in Columbus, Ohio.

The Charles Schwab Corporation (SCHW) dropped $-0.14 to close the day at a new closing price of $39.94, a -0.35% decrease in value from its previous closing price that moved the stock 87.36% above its 52 week low of $23. A total of 6.79M shares exchanged hands during the day compared with its three month average trading volume of 9.38M. The stock, which fluctuated between $39.9 and $40.37 during the day, currently situated -6.08% below its 52 week high. The stock is down by -3.14% in the past one month and up by 18.72% over the past three months. With a one year target estimate of $45.31 and RSI of 45.89, the stock still has upside potential, making it a hold for now.

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, money management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; and stock plan services, compliance solutions, and mutual fund clearing services, as well as engages in the off-platform sales business. The Advisor Services segment provides custodial, trading, and support services; and retirement and corporate brokerage retirement services. The company provides brokerage accounts with cash management capabilities; third-party mutual funds through the Mutual Fund Marketplace, including no-transaction fee mutual funds through the Mutual Fund OneSource service, which includes proprietary mutual funds, plus mutual fund trading, and clearing services to broker-dealers; exchange-traded funds (ETFs), including proprietary and third-party ETFs; and advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio management. It also offers banking products and services, including checking and savings accounts, certificates of deposit, first lien residential real estate mortgage loans, home equity loans and lines of credit, and Pledged Asset Lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services. The company serves individuals and institutional clients in the United States, the Commonwealth of Puerto Rico, London, and Hong Kong. The Charles Schwab Corporation was founded in 1971 and is headquartered in San Francisco, California.

CBRE Group, Inc. (CBG) had a active trading with around 6.71M shares changing hands compared to its three month average trading volume of 2.06M. The stock traded between $32.48 and $34.94 before closing at the price of $34 with 7.7% change on the day. The Los Angeles California 90071 based company is currently trading 45.55% above its 52 week low of $24.11 and 2.38% above its 52 week high of $34.94. Both the RSI indicator and target price of 71.86 and $34.14 respectively, lead us to believe that it could drop over the coming weeks.

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers advisory services, such as strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing, disposition, and acquisition of property; integrated investment sales and debt/structured financing services under the CBRE Capital Markets brand; and valuation services, including market value appraisals, litigation support, discounted cash flow analyses, feasibility and fairness opinions, property condition reports, hotel advisory, and environmental consulting, as well as originates and services commercial mortgage loans. It also provides outsourcing services comprising facilities management, project management, advisory and transaction, and strategic consulting services to occupiers of real estate; and property management services consisting of construction management, marketing, building engineering, accounting, and financial services for owners/investors in office, industrial, and retail properties. In addition, the company offers investment management services to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors seeking to generate returns and diversification through investment in real estate. Further, the company develops and invests in commercial real estate, including industrial, office, and retail properties; healthcare facilities; and residential/mixed-use projects. CBRE Group, Inc. offers its commercial real estate services under the CBRE brand name; investment management services under the CBRE Global Investors brand name; and development services under the Trammell Crow brand name. The company was founded in 1906 and is headquartered in Los Angeles, California.

 

Stocks In Queue: Energy Transfer Equity, L.P. (ETE), TechnipFMC plc (FTI), Newmont Mining Corporation (NEM)

Energy Transfer Equity, L.P. (ETE) fell -1.62% during last trading as the stock lost $-0.31 to finish the day at $18.84 with about 5.3M shares changing hands, compared to its three month average trading volume of 6.98M. The $20.05B market cap company, which fluctuated between $18.83 and $19.37 during the day, currently situated 341.08% above its 52 week low of $5.67 and -4.57% away from its one year high of $20.05. The RSI of 56.51 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Energy Transfer Equity, L.P. provides diversified energy-related services in the Unites States. It owns and operates approximately 7,500 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,300 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Its midstream operations include ownership and operation of approximately 35,000 miles of in service natural gas pipelines, 31 natural gas processing plants, 21 natural gas treating facilities, and 4 natural gas conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, and Louisiana; operation of natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas, as well as a natural gas gathering system in Ohio; and transportation and supply of water to natural gas producers in Pennsylvania. The company’s natural gas liquid (NGL) transportation and services operations include ownership of approximately 2,000 miles of NGL pipelines, three NGL processing plants, four NGL and propane fractionation facilities, and NGL storage facilities. It also sells gasoline and middle distillates at retail; operates convenience stores primarily on the east coast and in the Midwest region of the United States; and gathers, purchases, stores, transports, markets, and sells crude oil, NGLs, and refined products. In addition, it provides natural gas compression services; treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates a total of 75 megawatts electrical power. The company was founded in 2002 and is based in Dallas, Texas.

TechnipFMC plc (FTI) gained $0.51 to close the day at a new closing price of $31.76, a 1.63% increase in value from its previous closing price that moved the stock 42.42% above its 52 week low of $23.04. A total of 5.28M shares exchanged hands during the day compared with its three month average trading volume of 5.33M. The stock, which fluctuated between $31.18 and $31.78 during the day, currently situated -14.37% below its 52 week high. The stock is down by -13.39% in the past one month and down by -5.25% over the past three months. With a one year target estimate of $38.64 and RSI of 34.51, the stock still has upside potential, making it a hold for now.

TechnipFMC plc provides technologies, systems, and services for oil and gas projects worldwide. It operates in three segments: Subsea, Onshore/Offshore, and Surface Projects. The Subsea segment offers products, such as trees, manifolds, controls, templates, flowline systems, umbilicals, and flexibles, as well as subsea processing products. This segment also provides subsea services, including drilling, installation, completion, and field services, as well as asset management, well intervention and IMR, ROVs, and manipulator system services; and services for subsea projects comprising front end to decommissioning, field architecture, integrated design, engineering, procurement, construction, and installation services. The Onshore/Offshore segment offers technical, technological, and project management services across fixed, floating, and onshore facilities, as well as offshore services. The Surface Projects segment provides drilling, completion, and production wellhead equipment, as well as chokes, compact valves, manifolds, and controls; treating iron, manifolds, and reciprocating pumps for stimulation and cementing; separation and flow-treatment systems; flow metering products and systems; marine, truck, and railcar loading systems; installation maintenance services; frac-stack, manifold rental, and operation services; and flowback and well testing services. The company is headquartered in London, the United Kingdom.

Newmont Mining Corporation (NEM) had a light trading with around 5.17M shares changing hands compared to its three month average trading volume of 8.01M. The stock traded between $36.75 and $37.72 before closing at the price of $37.65 with 1.21% change on the day. The Greenwood Village Colorado 80111 based company is currently trading 66.48% above its 52 week low of $23.12 and -18.1% below its 52 week high of $46.07. Both the RSI indicator and target price of 61.95 and $39.88 respectively, lead us to believe that it should be put on hold over the coming weeks.

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold. It also explores for silver and copper properties. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and Suriname. As of December 31, 2015, it had proven and probable gold reserves of 73.7 million ounces and an aggregate land position of approximately 20,000 square miles. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.