Chris Butler

Momentum Stocks in Focus: H&R Block, Inc. (HRB), Novan, Inc. (NOVN), Graphic Packaging Holding Company (GPK)

H&R Block, Inc. (HRB) failed to extend gains with the stock declining -0.81% or $-0.17 to close the day at $20.8 on active trading volume of 5.46M shares, compared to its three month average trading volume of 2.55M. The Kansas City Missouri 64105 based company has been underperforming the personal services group over the past 52 weeks, with the stock losing -37.79%, compared to the industry which has advanced 15.02% over the same period. With RSI of 27.53, the stock should still continue to rise and get closer to its one year target estimate of $24.38, making it a hold for now.

H&R Block, Inc., through its subsidiaries, provides tax preparation and other services to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees; and develops and markets do-it-yourself (DIY) online income tax preparation software solutions. It also provides a range of online tax services, including preparation of federal and state income tax returns; review of tax returns by a tax professional; access to tax tips, advice, and tax-related news; use of calculators for tax planning; and error checking and electronic filing. In addition, the company develops and markets DIY desktop income tax preparation software solutions through third-party retail stores and direct mail, as well as online; and develops and provides applications for mobile devices, which offer tax preparation and related services. Further, it provides refund anticipation checks, H&R Block Emerald Advance lines of credit and Prepaid MasterCard, Peace of Mind Extended Service Plan, Tax Identity Shield, and Cash Back refund discount programs. H&R Block, Inc. was founded in 1946 and is headquartered in Kansas City, Missouri.

Novan, Inc. (NOVN) grew with the stock adding 34.45% or $1.65 to close at $6.44 on active trading volume of 5.43M compared its three months average trading volume of 295.41K. The Durham North Carolina 27703 based company has been trending down for the last 52 weeks, with the shares price now 0% down for the period and down by -76.17% so far this year. With price target of $13.33 and a 82.95% rebound from 52-week low, Novan, Inc. has plenty of upside potential, making it a hold with a view buy.

Novan, Inc., a clinical-stage drug development company, focuses on the development and commercialization of nitric oxide-based therapies in dermatology. Its lead product candidate is SB204, a cosmetically elegant topical gel that targets multiple mechanisms of action for the treatment of acne vulgaris. The company’s product candidates also include SB206, SB208, and SB414, which are targeted toward the treatment of either a specific microorganism or inflammatory components of disease pathology. Novan, Inc. was founded in 2006 and is headquartered in Durham, North Carolina.

Graphic Packaging Holding Company (GPK) continued its upward trend with the stock climbing 1.25% or $0.17 to close the day at $13.73 on higher than average trading volume of 5.41M shares, compared to its three month average trading volume of 4.74M. The Atlanta Georgia 30328 based company has been outperforming the packaging & containers companies by 6.5763% for last three months and its recent gains have pushed the stock slightly up 10.02% YTD, versus the packaging & containers industry which is up 4.46% for the same period. The RSI of 68.63 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard folding cartons primarily to consumer packaged goods companies serving the food, beverage, and consumer product markets. It also manufactures corrugated medium; offers various laminated, coated, and printed packaging structures that are produced from its CUK and CRB, as well as other grades of paperboard that are purchased from third-party suppliers; designs and manufactures specialized packaging machines that package bottles and cans, and non-beverage consumer products; and installs its packaging machines at customer plants and provides support, service, and performance monitoring of the machines. The company markets its products primarily through sales offices and broker arrangements with third parties in the Americas, Europe, and the Asia Pacific. Graphic Packaging Holding Company was founded in 1992 and is headquartered in Atlanta, Georgia.

 

Stocks Trending Alert: VEREIT, Inc. (VER), New Residential Investment Corp. (NRZ), The Chemours Company (CC)

VEREIT, Inc. (VER) saw its value decrease by -0.57% as the stock dropped $-0.05 to finish the day at a closing price of $8.65. The stock was lighter in trading and has fluctuated between $7.59-$11.09 per share for the past year. The shares, which traded within a range of $8.59 to $8.7 during the day, are up by 3.95% in the past three months and down by -15.27% over the past six months. It is currently trading 1.2% above its 20 day moving average and 2.12% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $9.78 a share over the next twelve months. The current relative strength index (RSI) reading is 56.62.The technical indicator lead us to believe there will be no major movement any time soon, hold.

VEREIT, Inc. is a publicly owned real estate investment trust. It owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties. It was formerly known as American Realty Capital Properties, Inc. VEREIT, Inc. was founded in 2010 and is based in Phoenix, Arizona.

New Residential Investment Corp. (NRZ) shares were down in last trading by -0.49% to $16.25. It experienced higher than average volume on day. The stock increased in value by almost 3.77% over the past week and grew 2.01% in the past month. It is currently trading 2.95% above its 50 day moving average and 18.5% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -0.49% decrease in value from its one year high of $16.43. The RSI indicator value of 61.24, lead us to believe that it is a hold for now.

New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs. It also acquires and manages a diversified portfolio of credit sensitive real estate securities, such as non-agency and agency residential mortgage backed securities; and acquires residential mortgage loans comprising performing, non-performing, re-performing, and reverse mortgage loans. In addition, the company has an interest in a portfolio of consumer loans, including unsecured and homeowner loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2011 and is based in New York, New York.

The Chemours Company (CC) traded within a range of $32.13 to $32.84 after opening the day at $32.45. The company has seen its stock increase in value by 47.94% so far this year. The stock was up close to 1.9% on active volume in last trading session and closed at $32.68 per share. After the recent gain, the stock is currently holding -0.31% below its 52 week high of $32.84 and 839.66% above its 12-month low of $3.8. The shares are up by over 55.03% in the last three months, and the RSI indicator value of 80.05 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.

The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates in three segments: Titanium Technologies, Fluoroproducts, and Chemical Solutions. The Titanium Technologies segment produces and sells titanium dioxide (TiO2) under the Ti-Pure brand name to deliver whiteness, brightness, opacity, and protection in various applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, PVC window profiles, laminate papers, coated paper, and coated paperboard used for packaging. The Fluoroproducts segment provides fluoroproducts, such as hydrofluorocarbon refrigerants, and fluoropolymer resins and downstream products and coatings under the Teflon brand name. The Chemical Solutions segment offers industrial and specialty chemicals used in gold production, oil refining, agriculture, industrial polymers, and other industries in North America. This segment provides cyanides; and performance chemicals and intermediates, such as clean and disinfect chemicals, aniline, methylamines, glycolic acid, Vazo free radical initiators, and reactive metals. The company was founded in 2014 and is headquartered in Wilmington, Delaware.

 

Stocks Trend Analysis: Gevo, Inc. (GEVO), Diamondback Energy, Inc. (FANG), The Interpublic Group of Companies, Inc. (IPG)

Gevo, Inc. (GEVO) continued its downward trend with the stock declining -14.47% or $-0.23 to close the day at $1.36 on active trading volume of 3.63M shares, compared to its three month average trading volume of 3.37M. The Englewood Colorado 80112 based company has been underperforming the chemicals – major diversified group over the past 52 weeks, with the stock losing -83.41%, compared to the industry which has advanced 36.39% over the same period. With RSI of 19.57, 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.

Diamondback Energy, Inc. (FANG) grew with the stock adding 3.86% or $4.16 to close at $111.84 on active trading volume of 3.58M compared its three months average trading volume of 1.5M. The Midland Texas 79701 based company operating under the Independent Oil & Gas industry has been trending up for the last 52 weeks, with the shares price now 58.77% up for the period and up by 10.67% so far this year. With price target of $126.43 and a 68.87% rebound from 52-week low, Diamondback Energy, Inc. has plenty of upside potential, making it a hold with a view buy.

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations. The company’s net acreage position is approximately 84,683 acres in the Permian Basin. As of December 31, 2015, its estimated proved oil and natural gas reserves were 156,900 thousand barrels of crude oil equivalent, as well as working interests were in 918 gross producing wells. It also owns mineral interests underlying approximately 46,562 gross acres in the Permian Basin. The company was founded in 2007 and is headquartered in Midland, Texas.

The Interpublic Group of Companies, Inc. (IPG) managed to rebound with the stock climbing 0.94% or $0.23 to close the day at $24.74 on lower than average trading volume of 3.57M shares, compared to its three month average trading volume of 3.88M. The New York New York 10022 based company has been outperforming the advertising agencies companies by 12.2338% for last three months and its recent gains have pushed the stock slightly up 5.68% YTD, versus the advertising agencies industry which is up 4.28% for the same period. The RSI of 63.24 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. It operates through two segments, Integrated Agency Networks and Constituency Management Group. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. It also provides various diversified services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting. The company’s brands comprise McCann, MullenLowe, IPG Mediabrands, Carmichael Lynch, Deutsch, Hill Holliday, and The Martin Agency, as well as Foote, Cone & Belding. The company was formerly known as McCann-Erickson Incorporated and changed its name to The Interpublic Group of Companies, Inc. in January 1961. The Interpublic Group of Companies, Inc. was founded in 1902 and is headquartered in New York, New York.

 

Trader Alert: NiSource Inc. (NI), Atwood Oceanics, Inc. (ATW), MFA Financial, Inc. (MFA)

NiSource Inc. (NI) retreated with the stock falling -0.09% or $-0.02 to close at $22.23 on light trading volume of 2.47M compared its three months average trading volume of 2.73M. The Merrillville Indiana 46410 based company operating under the Diversified Utilities industry has been trending up for the last 52 weeks, with the shares price now 7.15% up for the period and up by 1.21% so far this year. With price target of $24.04 and a 9.56% rebound from 52-week low, NiSource Inc. has plenty of upside potential, making it a hold with a view buy.

NiSource Inc., an energy holding company, provides natural gas, electricity, and other products and services in the United States. The company operates through two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and provides wholesale and transmission transaction services. The company serves approximately 3.4 million natural gas customers and 463,000 electric customers in in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana, and Massachusetts. It also owns and operates 3 coal-fired electric generating stations with a net capability of 2,540 megawatts (MW), 3 gas-fired generating units with a net capability of 196 MW, and 2 hydroelectric generating plants with a net capability of 10 MW, as well as a combined cycle gas turbine plant with a capacity of 535 MW. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1912 and is headquartered in Merrillville, Indiana.

Atwood Oceanics, Inc. (ATW) dropped $-0.33 to close the day at a new closing price of $10.65, a -3.01% decrease in value from its previous closing price that moved the stock 90.18% above its 52 week low of $5.78. A total of 2.45M shares exchanged hands during the day compared with its three month average trading volume of 4.55M. The stock, which fluctuated between $10.56 and $11 during the day, currently situated -30.71% below its 52 week high. The stock is down by -22.99% in the past one month and up by 32.13% over the past three months. With a one year target estimate of $10.53 and RSI of 32.04, the stock still has upside potential, making it a hold for now.

Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells. As of November 11, 2016, it owned a fleet of 10 mobile offshore drilling units. The company operates its fleet in the United States, Gulf of Mexico, the Mediterranean Sea, offshore West Africa, offshore Southeast Asia, and offshore Australia. Atwood Oceanics, Inc. was founded in 1968 and is headquartered in Houston, Texas.

MFA Financial, Inc. (MFA) shares were up in last trading by 0.25% to $8.04. It experienced lighter than average volume on day. The stock increased in value by almost 0.12% over the past week and grew 2.81% in the past month. It is currently trading 3.27% above its 50 day moving average and 11.29% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -0.74% decrease in value from its one year high of $8.1. The RSI indicator value of 67.48, lead us to believe that it is a hold for now.

MFA Financial, Inc. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including agency and non-agency mortgage-backed securities (MBS), and residential whole loans, and credit risk transfer securities. Its MBS are secured by hybrid mortgages, adjustable-rate mortgages, and 15-year and longer term fixed-rate mortgages, as well as by mortgages that have interest rates that reset more frequently. The company has elected to be taxed as a REIT for the U.S. federal income tax purposes and would not be subject to income taxes, if it distributes at least 90% of its taxable income to its stockholders. MFA Financial, Inc. was founded in 1997 and is headquartered in New York, New York.

 

Stocks Intraday Alert: CEL-SCI Corporation (CVM), Sears Holdings Corporation (SHLD), Leucadia National Corporation (LUK)

CEL-SCI Corporation (CVM) managed to rebound with the stock declining -0.08% or $0 to close the day at $0.13 on lower than average trading volume of 2.23M shares, compared to its three month average trading volume of 2.76M. The Vienna Virginia 22182 based company has been outperforming the biotechnology companies by -55.2562% for last three months and its recent losses have trimmed gains to 85.57% YTD, versus the biotechnology industry which is up 0.44% for the same period. The RSI of 55.4 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

CEL-SCI Corporation engages in the research and development of drugs and vaccines. Its lead investigational immunotherapy is Multikine, which is under pivotal phase III clinical trial for the treatment of primary head and neck cancer. The company’s Multikine is also used in a Phase I study with the Naval Medical Center, San Diego under a cooperative research and development agreement in HIV/HPV co-infected men and women with peri-anal warts. Its Ligand Epitope Antigen Presentation System, a pre-clinical patented T-cell modulation process that stimulates the human immune system to fight bacterial, viral, and parasitic infections, as well as autoimmune diseases, allergies, transplantation rejections, and cancer. The company also develops LEAPS-H1N1-DC, a product candidate for the treatment of pandemic influenza in hospitalized patients; and CEL-2000 and CEL-4000 vaccine product candidates for the treatment of rheumatoid arthritis. CEL-SCI Corporation was founded in 1983 and is headquartered in Vienna, Virginia.

Sears Holdings Corporation (SHLD) had a active trading with around 2.22M shares changing hands compared to its three month average trading volume of 1.71M. The stock traded between $7.01 and $7.62 before closing at the price of $7.58 with 6.76% change on the day. The Hoffman Estates Illinois 60179 based company is currently trading 37.82% above its 52 week low of $5.5 and -60.36% below its 52 week high of $19.12. Both the RSI indicator and target price of 49.61 and $9 respectively, lead us to believe that it should be put on hold over the coming weeks.

Sears Holdings Corporation operates as a retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies. It provides merchandise under the Jaclyn Smith, Joe Boxer, and Alphaline labels; Sears brand products, such as Kenmore, Craftsman, and DieHard; and Kenmore-branded products. As of October 31, 2015, this segment operated approximately 952 Kmart stores. The Sears Domestic segment operates stores that provide appliances, consumer electronics/connected solutions, tools, sporting goods, outdoor living, lawn and garden equipment, apparel, footwear, jewelry, and accessories, as well as automotive services and products, such as tires, batteries, and home fashion products. It also offers appliances and services to commercial customers in the single-family residential construction/remodel, property management, multi-family new construction, and government/military sectors; appliance and plumbing fixtures to architects, designers, and new construction or remodeling customers; parts and repair services for appliances, lawn and garden equipment, consumer electronics, floor care products, and heating and cooling systems; and home improvement services, as well as protection agreements and product installation services. This segment provides merchandise under the Kenmore, Craftsman, DieHard, Covington, Canyon River Blues, Metaphor, Outdoor Life, Structure, and Apostrophe brands, as well as under the Roadhandler, Ty Pennington Style, and Alphaline brands. As of October 31, 2015, this segment operated 735 Sears stores. Sears Holdings Corporation was founded in 1899 and is based in Hoffman Estates, Illinois.

Leucadia National Corporation (LUK) traded within a range of $24.74 to $25.02 after opening the day at $25. The company has seen its stock increase in value by 7.53% so far this year. The stock was up close to 0.36% on active volume in last trading session and closed at $25 per share. After the recent gain, the stock is currently holding 0.24% above its 52 week high of $25.02 and 77.6% above its 12-month low of $14.27. The shares are up by over 20.74% in the last three months, and the RSI indicator value of 64 is neither bullish nor bearish, tempting investors to stay on the sidelines.

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.

 

Trader’s Round Up: Cara Therapeutics, Inc. (CARA), Abraxas Petroleum Corporation (AXAS), Ciena Corporation (CIEN)

Cara Therapeutics, Inc. (CARA) retreated with the stock falling -2.83% or $-0.44 to close at $15.09 on active trading volume of 2.05M compared its three months average trading volume of 1.58M. The Shelton Connecticut 06484 based company operating under the Biotechnology industry has been trending up for the last 52 weeks, with the shares price now 86.99% up for the period and up by 62.43% so far this year. With price target of $21.75 and a 254.23% rebound from 52-week low, Cara Therapeutics, Inc. has plenty of upside potential, making it a hold with a view buy.

Cara Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on developing and commercializing chemical entities designed to alleviate pain and pruritus by selectively targeting kappa opioid receptors in the United States. The company is developing product candidates that target the body’s peripheral nervous system. Its lead product candidate includes I.V. CR845, which is in Phase III clinical trials for the treatment acute postoperative pain in adult patients, as well as completed Phase II clinical trials for the treatment of uremic pruritus disease. The company is also developing Oral CR845, which is in Phase IIa clinical trials for the treatment of moderate-to-severe acute and chronic pain; and CR701, which is in preclinical trial stage for treating neuropathic and inflammatory pain. It has licensing agreements with Chong Kun Dang Pharmaceutical Corporation to develop, manufacture, and commercialize products containing CR845 in South Korea; and Maruishi Pharmaceutical Co., Ltd to develop, manufacture, and commercialize drug products containing CR845 for acute pain and uremic pruritus in Japan. Cara Therapeutics, Inc. was founded in 2004 and is headquartered in Shelton, Connecticut.

Abraxas Petroleum Corporation (AXAS) dropped $-0.11 to close the day at a new closing price of $2.29, a -4.58% decrease in value from its previous closing price that moved the stock 182.72% above its 52 week low of $0.81. A total of 2.05M shares exchanged hands during the day compared with its three month average trading volume of 2.1M. The stock, which fluctuated between $2.22 and $2.4 during the day, currently situated -23.41% below its 52 week high. The stock is down by -16.73% in the past one month and up by 29.38% over the past three months. With a one year target estimate of $3.3 and RSI of 39.87, the stock still has upside potential, making it a hold for now.

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Rocky Mountain, Permian Basin, and onshore Gulf Coast regions. As of December 31, 2014, its estimated net proved reserves were 43.2 million barrels of oil equivalent. The company was founded in 1977 and is based in San Antonio, Texas.

Ciena Corporation (CIEN) shares were down in last trading by -1.01% to $25.37. It experienced lighter than average volume on day. The stock increased in value by almost 4.75% over the past week and grew 6.96% in the past month. It is currently trading 5.18% above its 50 day moving average and 19.89% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -1.63% decrease in value from its one year high of $25.79. The RSI indicator value of 61.2, lead us to believe that it is a hold for now.

Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company’s Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 4200 Advanced Services Platform, Corestream 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform. This segment also sells operating system software and enhanced software features embedded in each of these products. The company’s Software and Software-Related Services segment offers network management solutions, including the OneControl Unified Management System, ON-Center Network & Service Management Suite, Ethernet Services Manager, Optical Suite Release, and Planet Operate; and Blue Planet network virtualization, service orchestration, and network management software platform, as well as related installation, support, and consulting services. Its Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.

 

3 Notable Runners: MannKind Corporation (MNKD), EP Energy Corporation (EPE), CBL & Associates Properties, Inc. (CBL)

MannKind Corporation (MNKD) continued its downward trend with the stock declining -2.04% or $-0.01 to close the day at $0.53 on lower than average trading volume of 1.88M shares, compared to its three month average trading volume of 4.99M. The Valencia California 91355 based company has been outperforming the biotechnology companies by -18.0462% for last three months and its recent losses have pulled the stock down -16.29% YTD, versus the biotechnology industry which is up 0.44% for the same period. The RSI of 40.62 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

MannKind Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic products for diabetes patients in the United States. Its approved product is AFREZZA, a rapid-acting, inhaled insulin used to control high blood sugar in adults with type 1 and type 2 diabetes. MannKind Corporation has license and collaboration agreement with Sanofi-Aventis Deutschland GmbH for the development of AFREZZA. The company was founded in 1991 and is headquartered in Valencia, California.

EP Energy Corporation (EPE) had a light trading with around 1.88M shares changing hands compared to its three month average trading volume of 2.36M. The stock traded between $5 and $5.77 before closing at the price of $5 with -4.03% change on the day. The Houston Texas 77002 based company is currently trading 212.5% above its 52 week low of $1.6 and -33.24% below its 52 week high of $7.49. Both the RSI indicator and target price of 36.6 and $57.5 respectively, lead us to believe that it should be put on hold over the coming weeks.

EP Energy Corporation, an independent exploration and production company, acquires and develops unconventional onshore oil and natural gas properties in the United States. The company has interests in various properties covering an area of approximately 487,000 net acres located in the areas of Eagle Ford Shale, South Texas; the Wolfcamp Shale, the Permian Basin, West Texas; the Altamont Field, the Uinta Basin, Northeastern Utah; and the Haynesville Shale, North Louisiana. It primarily sells its oil and natural gas production to third parties. As of December 31, 2015, the company had proved reserves of 546.0 million barrels of oil equivalent. EP Energy Corporation is headquartered in Houston, Texas.

CBL & Associates Properties, Inc. (CBL) traded within a range of $10.33 to $10.64 after opening the day at $10.63. The company has seen its stock decrease in value by -8.87% so far this year. The stock was down close to -2.24% on light volume in last trading session and closed at $10.48 per share. After the recent fall, the stock is currently holding -23.35% below its 52 week high of $14.3 and 25.71% above its 12-month low of $8.86. The shares are down by over -10.04% in the last three months, and the RSI indicator value of 45.39 is neither bullish nor bearish, tempting investors to stay on the sidelines.

CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and management of properties. The fund invests in the real estate markets of United States. Its portfolio consists of enclosed malls and open-air centers. CBL & Associates Properties is based in Oak Brook, Illinois. CBL & Associates Properties was founded in 1978 and is based in Chattanooga, Tennessee with additional offices in Waltham, Massachusetts; Chesterfield, Missouri; and Irving, Texas.

 

3 Stocks in Focus: Juno Therapeutics, Inc. (JUNO), Avnet, Inc. (AVT), Aramark (ARMK)

Juno Therapeutics, Inc. (JUNO) climbed 6.32% during last trading as the stock added $1.43 to finish the day at $23.96 with about 1.74M shares changing hands, compared to its three month average trading volume of 2.04M. The $2.5B market cap company, which fluctuated between $22.42 and $24.01 during the day, currently situated 36.76% above its 52 week low of $17.52 and -51.81% away from its one year high of $49.72. The RSI of 71.87 indicates the stock is overbought at the current levels, sell for now.

Juno Therapeutics, Inc., a biopharmaceutical company, engages in developing cell-based cancer immunotherapies. The company develops cell-based cancer immunotherapies based on its chimeric antigen receptor and T cell receptor technologies to genetically engineer T cells to recognize and kill cancer cells. Its clinical stage CD19 product candidates include JCAR015 that is in Phase II clinical trials for adult patients with relapsed/refractory B cell acute lymphoblastic leukemia (r/r ALL); JCAR017, which is in Phase I/II trials for pediatric patients with r/r ALL; and JCAR014 that is in Phase I/II trials to treat various B cell malignancies in patients relapsed or refractory to standard therapies. The company’s additional product candidates comprise CD22, a cell surface protein expressed on B lymphocytes; CD171, a cell-surface adhesion molecule to treat neuroblastoma; MUC-16, a protein for treating ovarian cancers; IL-12, a cytokine to overcome the inhibitory effects; ROR-1, a protein for the treatment of non-small cell lung, triple negative breast, pancreatic, and prostate cancers; and WT-1, an intracellular protein that is in Phase I/II clinical trials to treat adult myeloid leukemia and non-small cell lung, breast, pancreatic, ovarian, and colorectal cancers. Juno Therapeutics, Inc. has collaboration agreements with Celgene Corporation, Editas Medicine, Inc., Fate Therapeutics, Inc., MedImmune Limited, and Memorial Sloan Kettering Cancer Center. The company was formerly known as FC Therapeutics, Inc. and changed its name to Juno Therapeutics, Inc. in October 2013. Juno Therapeutics, Inc. was founded in 2013 and is headquartered in Seattle, Washington.

Avnet, Inc. (AVT) dropped $-0.41 to close the day at a new closing price of $46.25, a -0.88% decrease in value from its previous closing price that moved the stock 22.15% above its 52 week low of $38.16. A total of 1.74M shares exchanged hands during the day compared with its three month average trading volume of 900.62K. The stock, which fluctuated between $45.65 and $46.51 during the day, currently situated -10.19% below its 52 week high. The stock is down by -0.58% in the past one month and up by 4.77% over the past three months. With a one year target estimate of $48.39 and RSI of 41.77, the stock still has upside potential, making it a hold for now.

Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer, networking and storage products and software, IT solutions and services, and embedded subsystems in the Americas, Europe, the Middle East, Africa, and the Asia/Pacific. It operates through two segments, Electronics Marketing (EM) and Technology Solutions (TS). The EM segment markets and sells semiconductors; interconnect, passive, and electromechanical devices; and embedded products for the electronic component manufacturers, as well as offers services that enable customers to evaluate, design-in, and procure electronic components throughout the lifecycle of their technology products and systems. This segment offers its products and services to a diverse customer base serving automotive, communications, computer hardware and peripherals, industrial and manufacturing, medical equipment, and defense and aerospace end-markets. The TS segment creates and delivers datacenter and IT lifecycle solutions that solve the business challenges of end-user customers. This segment also provides value-added distribution of enterprise computing servers and systems, software, storage, services, and complex solutions; and hard disk drives, microprocessors, motherboards, and DRAM module technologies to personal computing integrators and value-added resellers. This segment serves value-added resellers, independent software vendors, system integrators, and original equipment manufacturers (OEMs). Avnet, Inc. was founded in 1955 and is headquartered in Phoenix, Arizona.

Aramark (ARMK) had a light trading with around 1.74M shares changing hands compared to its three month average trading volume of 2.15M. The stock traded between $35.62 and $35.91 before closing at the price of $35.71 with 0.2% change on the day. The Philadelphia Pennsylvania 19107 based company is currently trading 21.1% above its 52 week low of $29.94 and -6.22% below its 52 week high of $38.3. Both the RSI indicator and target price of 63.64 and $40.11 respectively, lead us to believe that it should be put on hold over the coming weeks.

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It offers managed services include dining, catering, food service management, convenience-oriented retail operations, grounds and facilities maintenance, custodial, energy and construction management, and capital project management. The company also provides non-clinical support services, such as patient food and nutrition, and retail food services; and facilities services comprising clinical equipment maintenance, environmental, laundry and linen distribution, plant operations, strategic/technical, energy and supply chain management, purchasing, and central transportation. In addition, it offers on-site restaurants, catering, convenience stores, and executive dining services; beverage and vending services; and facility management services comprising housekeeping, plant operations and maintenance, energy management, laundry and linen, grounds keeping, landscaping, transportation, capital program management and commissioning, and other facility consulting services. Further, the company provides facility and business support services for mining and oil operations; and concessions, banquet and catering, retail and merchandise sales, recreational and lodging, and facility management services for sports, entertainment, and recreational facilities. Additionally, it offers correctional food, and food and facilities management services for parks; and operates commissaries, laundry facilities, and property rooms. It also rents, sells, cleans, maintains, and delivers uniform and career apparel, and other textile items; and provides other garments and work clothes, as well as ancillary items. The company was formerly known as ARAMARK Holdings Corporation and changed its name to Aramark in May 2014. Aramark was founded in 1959 and is based in Philadelphia, Pennsylvania.

 

Trader’s Buzzers: BioScrip, Inc. (BIOS), Sonus Networks, Inc. (SONS), On Assignment, Inc. (ASGN)

BioScrip, Inc. (BIOS) traded within a range of $1.57 to $1.67 after opening the day at $1.63. The company has seen its stock increase in value by 56.73% so far this year. The stock was down close to -1.21% on light volume in last trading session and closed at $1.63 per share. After the recent fall, the stock is currently holding -52.48% below its 52 week high of $3.43 and 66.33% above its 12-month low of $0.98. The shares are up by over 16.43% in the last three months, and the RSI indicator value of 58.9 is neither bullish nor bearish, tempting investors to stay on the sidelines.

BioScrip, Inc. provides home infusion services in the United States. The company engages in the preparation, delivery, administration, and clinical monitoring of pharmaceutical treatments that are administered to a patient through intravenous, subcutaneous, intramuscular, intra-spinal, and enteral methods. It is primarily involved in the intravenous administration of medications to treat a range of acute and chronic conditions, such as infections, nutritional deficiencies, immunologic and neurologic disorders, cancer, pain, and palliative care. BioScrip, Inc. offers its services at patient’s homes, outpatient clinics, nursing facilities, physician’s offices, and ambulatory infusion centers. The company markets and sells its products and services through sales and marketing representatives, payor relationships, and other government programs. BioScrip, Inc. was founded in 1993 and is based in Denver, Colorado.

Sonus Networks, Inc. (SONS) failed to extend gains with the stock declining -7.36% or $-0.5 to close the day at $6.29 on light trading volume of 1.58M shares, compared to its three month average trading volume of 259.60K. The Westford Massachusetts 01886 based company has been underperforming the communication equipment group over the past 52 weeks, with the stock losing -12.03%, compared to the industry which has advanced 11.35% over the same period. With RSI of 42.63, the stock should still continue to rise and get closer to its one year target estimate of $7.4, making it a hold for now.

Sonus Networks, Inc. provides networked solutions for communications service providers and enterprises. Its solutions include Session Border Controllers (SBC) that address security and interworking requirements for small, medium, and large businesses, as well as regional and global communications service providers; GSX9000 Open Services Switch, which bridges IP and TDM networks by converting voice signal into IP packets and transmitting those IP packets over a data network; Diameter Signaling Controller, a solution for 4G/long term evolution networks; Signal Transfer Points that acts as the switch/router in an SS7 signaling network; and Sonus PSX Policy & Routing Server, a central routing and policy engine for its soft switch and distributed SBC solutions. Its solutions also include WebRTC (Real-Time Communications) services solution, a technology that enables Web browsers to participate in audio, video, and data communications; Cloud Exchange Network Applications (VellOS), a cloud exchange networking solution; and Network Management Solutions, a solution to manage and integrate networked solutions with internal provisioning and billing systems. In addition, the company provides professional consulting and services, such as design, integration, deployment, migration, operation support, monitoring, managed services, training, interoperability/verification testing, and technical support services. It serves long distance carriers, local exchange carriers, Internet service providers, wireless operators, cable operators, telephone companies, and carriers that provide services to other carriers through direct sales and indirect channels. Sonus Networks, Inc. was founded in 1997 and is headquartered in Westford, Massachusetts.

On Assignment, Inc. (ASGN) gained $1.99 to close the day at a new closing price of $47.45, a 4.38% increase in value from its previous closing price that moved the stock 57.64% above its 52 week low of $31.24. A total of 1.57M shares exchanged hands during the day compared with its three month average trading volume of 333.40K. The stock, which fluctuated between $43.83 and $48.56 during the day, currently situated -0.02% below its 52 week high. The stock is up by 6.41% in the past one month and up by 17.92% over the past three months. With a one year target estimate of $47.29 and RSI of 60.72, the stock still has upside potential, making it a hold for now.

On Assignment, Inc. provides professionals for contract, contract-to-hire, and direct hire assignments primarily in the United States, Europe, and Canada. The company operates through two segments, Apex and Oxford. The Apex segment offers technical, scientific, and creative professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT operations professionals comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals. It also provides contract and permanent life science professionals, which includes chemists, clinical research associates, clinical lab assistants, engineers, biologists, biochemists, microbiologists, molecular biologists, biostatisticians, drug safety specialists, SAS programmers, medical writers, food scientists, regulatory affairs specialists, lab assistants, and other skilled scientific professionals. This segment offers staffing and services support for companies from various industries, including technology, financial services, healthcare, business services, telecommunications, government services, consumer, biotechnology, pharmaceutical, food and beverage, personal care, chemical, medical device, automotive, municipal, education, and environmental industries. The Oxford segment recruits and delivers experienced IT, engineering, and regulatory and compliance consultants to clients for temporary assignments; provides permanent placements in engineering, technology, sales, executive, financial, accounting, scientific, legal, and operations positions; and offers locally-based contract and permanent life science professionals to clients in biotechnology, pharmaceutical, food and beverage, personal care, chemical, medical device, automotive, municipal, education and environmental industries. The company was founded in 1985 and is headquartered in Calabasas, California.

 

Stocks In Queue: Ubiquiti Networks, Inc. (UBNT), MeetMe, Inc. (MEET), Dean Foods Company (DF)

Ubiquiti Networks, Inc. (UBNT) fell -0.82% during last trading as the stock lost $-0.41 to finish the day at $49.61 with about 1.42M shares changing hands, compared to its three month average trading volume of 525.97K. The $4.89B market cap company, which fluctuated between $49.27 and $50.19 during the day, currently situated 59.36% above its 52 week low of $30.82 and -23.23% away from its one year high of $64.62. The RSI of 23.45 indicates the stock is oversold at the current levels, buy for now.

Ubiquiti Networks, Inc. develops networking technology for service providers and enterprises worldwide. The company’s service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, and machine-to-machine communication components. Its products and solutions include radios, antennas, software, communications protocols, and management tools designed to deliver carrier and enterprise class wireless broadband access and other services in the unlicensed RF spectrum. The company also provides technology platforms, such as airMAX platform, which includes proprietary protocols that contain technologies for minimizing signal noise; EdgeMAX, a disruptive software and system routing platform; AirFiber, a point-to-point radio system; and sunMAX, an end-to-end plug and play solar solution. In addition, it offers UniFi Enterprise Wi-Fi System that includes Wi-Fi certified hardware with a software based management controller; UniFi Video IP cameras for data transmission and power-over-Ethernet; UniFi Switches that deliver performance, switching, and PoE+ support for enterprise networks; and UniFi Security Gateway that extends the UniFi enterprise solutions to provide routing and network security. Further, the company provides mFi that consists of hardware sensors, power devices, and management software, which allow devices to be monitored and controlled remotely through Wi-Fi; and develops AmpliFi platform, a Wi-Fi system solution designed to serve connected home. It also offers embedded radio products; and mounting brackets, cables, and power Ethernet adapters. The company was formerly known as Pera Networks, Inc. and changed its name to Ubiquiti Networks, Inc. in 2005. Ubiquiti Networks, Inc. was incorporated in 2003 and is headquartered in San Jose, California.

MeetMe, Inc. (MEET) gained $0.17 to close the day at a new closing price of $4.89, a 3.6% increase in value from its previous closing price that moved the stock 80.44% above its 52 week low of $2.62. A total of 1.41M shares exchanged hands during the day compared with its three month average trading volume of 1.38M. The stock, which fluctuated between $4.72 and $4.89 during the day, currently situated -39.7% below its 52 week high. The stock is down by -4.12% in the past one month and up by 3.82% over the past three months. With a one year target estimate of $9.06 and RSI of 50.02, the stock still has upside potential, making it a hold for now.

MeetMe, Inc. owns and operates a social network for meeting new people on the Web and on mobile platforms in the United States. The company operates MeetMe mobile applications and meetme.com, which provide users with access to a multilingual menu of resources that promote social interaction, information sharing, and other topics of interest. It also offers online marketing capabilities, which enable marketers to display their advertisements in various formats and in various locations. The company was formerly known as Quepasa Corporation and changed its name to MeetMe, Inc. in June 2012. MeetMe, Inc. was founded in 1997 and is headquartered in New Hope, Pennsylvania.

Dean Foods Company (DF) had a active trading with around 1.4M shares changing hands compared to its three month average trading volume of 1.33M. The stock traded between $20.29 and $20.52 before closing at the price of $20.45 with -0.34% change on the day. The Dallas Texas 75204 based company is currently trading 30.95% above its 52 week low of $15.69 and -8.34% below its 52 week high of $22.31. Both the RSI indicator and target price of 50.47 and $20.8 respectively, lead us to believe that it should be put on hold over the coming weeks.

Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy case products, such as fluid milk, ice cream, cultured dairy products, creamers, ice cream mix, and other dairy products; and juices, teas, bottled water, and other products. It offers its products under approximately 50 national, regional, and local proprietary or licensed brands, and private labels, including DairyPure, TruMoo, Alta Dena, Berkeley Farms, Country Fresh, Dean’s, Garelick Farms, LAND O LAKES, Lehigh Valley Dairy Farms, Mayfield, McArthur, Meadow Gold, Oak Farms, PET, T.G. Lee, Tuscan, and others. The company sells its products to retailers, distributors, foodservice outlets, educational institutions, and governmental entities through its sales forces. Dean Foods Company was founded in 1925 and is headquartered in Dallas, Texas.