Josh Smith

3 Trending Stocks: Citigroup Inc. (C), Sprint Corporation (S), Netflix, Inc. (NFLX)

Citigroup Inc. (C) continued its downward trend with the stock declining -1.27% or $-0.73 to close the day at $56.66 on active trading volume of 24.92M shares, compared to its three month average trading volume of 21.4M. The New York New York 10013 based company has been outperforming the money center banks group over the past 52 weeks, with the stock gaining 41.23%, compared to the industry which has advanced 13.88% over the same period. With RSI of 35.2, the stock should still continue to rise and get closer to its one year target estimate of $64.31, making it a hold for now.

Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. It operates through two segments, Citicorp and Citi Holdings. The Citicorp segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. This segment also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems. In addition, it offers wholesale banking products and services to corporate, institutional, public sector, and high-net-worth clients. Further, this segment provides fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance, and securities services. As of December 31, 2015, it operated 2,994 branches in 24 countries. The Citi Holdings segment provides consumer loans; portfolio of securities, loans, and other assets; and retail alternative investment and other services. Citigroup Inc. was founded in 1812 and is based in New York, New York.

Sprint Corporation (S) climbed 2.75% during last trading as the stock added $0.24 to finish the day at $8.97 with about 23.76M shares changing hands, compared to its three month average trading volume of 19.33M. The $35.09B market cap company, which fluctuated between $8.78 and $9.1 during the day, currently situated 311.47% above its 52 week low of $2.34 and -0.33% away from its one year high of $9.1. The RSI of 64.47 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

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

Netflix, Inc. (NFLX) saw its value increase by 3.86% as the stock gained $5.15 to finish the day at a closing price of $138.41. The stock was higher in trading and has fluctuated between $79.95-$143.46 per share for the past year. The shares are up by 16.52% in the past three months and up by 57.45% over the past six months. It is currently trading 7.64% above its 20 day moving average and 12.3% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $125.3 a share over the next twelve months. The current relative strength index (RSI) reading is 74.38. The technical indicator do not lead us to believe the stock will see more gains any time soon.

Netflix, Inc., an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. The company operates in three segments: Domestic streaming, International streaming and Domestic DVD. It offer members with the ability to receive TV shows and movies streaming content, including original series, documentaries, and feature films through a host of Internet-connected screens, such as TVs, digital video players, TV set-top boxes, and mobile devices. The company also provides DVDs-by-mail membership services. As of October 17, 2016, it served approximately 86 million streaming members in 190 countries. Netflix, Inc. was founded in 1997 and is headquartered in Los Gatos, California.

 

Momentum Stocks in Focus: Union Pacific Corporation (UNP), Rennova Health, Inc. (RNVA), Gilead Sciences Inc. (GILD)

Union Pacific Corporation (UNP) continued its upward trend with the stock climbing 2.38% or $2.47 to close the day at $106.24 on light trading volume of 10.1M shares, compared to its three month average trading volume of 4.27M. The Omaha Nebraska 68179 based company has been outperforming the railroads group over the past 52 weeks, with the stock gaining 48.02%, compared to the industry which has advanced 13.02% over the same period. With RSI of 61.82, the stock should still continue to rise and get closer to its one year target estimate of $106.75, making it a hold for now.

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers freight transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash. The company also provides transportation services for coal and petroleum coke; industrial products consisting of construction products, minerals, consumer goods, metals, lumber, paper, and other miscellaneous products; and intermodal import and export containers and trailers. Union Pacific Corporation’s rail network includes 32,084 route miles linking the Pacific Coast and Gulf Coast ports with the Midwest and eastern United States gateways. The company was founded in 1862 and is headquartered in Omaha, Nebraska.

Rennova Health, Inc. (RNVA) retreated with the stock falling -2.78% or $0 to close at $0.09 on active trading volume of 9.97M compared its three months average trading volume of 6.16M. The West Palm Beach Florida 33401 based company has been trending down for the last 52 weeks, with the shares price now -88.92% down for the period and up by 5.42% so far this year. With price target of $18.5 and a 9.38% rebound from 52-week low, Rennova Health, Inc. has plenty of upside potential, making it a hold with a view buy.

Rennova Health, Inc. provides diagnostics and supportive software solutions to healthcare providers in the United States. It offers products and services, including laboratory diagnostics, healthcare technology solutions, and revenue cycle management solutions, as well as intends to provide financial services in the form of loans to physician practices. The company provides toxicology, clinical pharmacogenetics, and esoteric testing services; develops Web-based system to place lab orders, track samples, and view test reports in real time; Web-enabled laboratory information management solutions; Medical Mime, which offers an electronic health record for substance abuse and behavioral health providers; and CollabRx that enhances cancer diagnoses and treatment through actionable data analytics and reporting for oncologists and their patients. Rennova Health, Inc. was founded in 2005 and is headquartered in West Palm Beach, Florida.

Gilead Sciences Inc. (GILD) failed to extend gains with the stock declining -0.78% or $-0.56 to close the day at $71.57 on higher than average trading volume of 9.8M shares, compared to its three month average trading volume of 9.7M. The Foster City California 94404 based company has been underperforming the biotechnology companies by -1.865% for last three months and its recent losses have pulled the stock down -0.06% YTD, versus the biotechnology industry which is down -1.51% for the same period. The RSI of 37.98 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Gilead Sciences Inc., a research-based biopharmaceutical company, discovers, develops, and commercializes medicines in areas of unmet medical needs in North America, South America, Europe, and the Asia-Pacific. The company’s products include Genvoya, Stribild, Complera/Eviplera, Atripla, Truvada, Viread, Emtriva, Tybost, and Vitekta for the treatment of human immunodeficiency virus (HIV) infection in adults; and Harvoni, Sovaldi, Viread, and Hepsera products for the treatment of liver diseases. It also offers Zydelig, a PI3K delta inhibitor, in combination with rituximab, for the treatment of certain blood cancers; Letairis, an endothelin receptor antagonist for the treatment of pulmonary arterial hypertension; Ranexa, a tablet used for the treatment of chronic angina; Lexiscan/Rapiscan injection for use as a pharmacologic stress agent in radionuclide myocardial perfusion imaging; Cayston, an inhaled antibiotic for the treatment of respiratory systems in cystic fibrosis patients; and Tamiflu, an oral antiviral capsule for the treatment and prevention of influenza A and B. In addition, the company provides other products, such as AmBisome, an antifungal agent to treat serious invasive fungal infections; and Macugen, an anti-angiogenic oligonucleotide to treat neovascular age-related macular degeneration. Further, it has product candidates in various stages of development for the treatment of HIV/AIDS and liver diseases, such as hepatitis B virus and hepatitis C virus; inflammation/oncology; serious cardiovascular; and respiratory conditions, as well as diabetic nephropathy and ebola. The company markets its products through its commercial teams and/or in conjunction with third-party distributors and corporate partners. Gilead Sciences Inc. has collaboration agreements with Bristol-Myers Squibb Company, Janssen R&D Ireland, Japan Tobacco Inc., and Galapagos NV. The company was founded in 1987 and is headquartered in Foster City, California.

 

Stocks In Action: Rex Energy Corporation (REXX), Sysco Corporation (SYY), Visa Inc. (V)

Rex Energy Corporation (REXX) opening the day at $0.88. The company has seen its stock increase in value by 84.3% so far this year. The stock was down close to -1.57% on active volume in last trading session and closed at $0.87 per share. After the recent fall, the stock is currently holding -64.35% below its 52 week high of $2.43 and 276.61% above its 12-month low of $0.23. The shares are up by over 60.41% in the last three months, and the RSI indicator value of 83.15 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.

Rex Energy Corporation operates as an independent oil, natural gas liquid, and natural gas company in the Appalachian and Illinois basins in the United States. The company focuses on the Marcellus Shale, Utica Shale, and Burkett Shale drilling and exploration activities in the Appalachian Basin, as well as on developmental oil drilling on its properties in the Illinois Basins. As of December 31, 2015, it had estimated proved reserves of 680.4 billion cubic feet equivalent; and owned interests in approximately 1,819 oil and natural gas wells. Rex Energy Corporation was founded in 2007 and is headquartered in State College, Pennsylvania.

Sysco Corporation (SYY) failed to extend gains with the stock declining -2.95% or $-1.63 to close the day at $53.62 on active trading volume of 6.51M shares, compared to its three month average trading volume of 3.62M. The Houston Texas 77077 based company has been outperforming the food wholesale group over the past 52 weeks, with the stock gaining 38.69%, compared to the industry which has advanced 33.05% over the same period. With RSI of 37.13, the stock should still continue to rise and get closer to its one year target estimate of $54.38, making it a hold for now.

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Bahamas, Canada, Ireland, Costa Rica, and Mexico. It operates through Broadline, SYGMA, and Other segments. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of China and silverware; cookware consisting of pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. In addition, the company offers specialty meat products, such as custom-cut fresh steaks, other meat, and poultry products; and lodging industry products, including personal care guest amenities, equipment, housekeeping supplies, room accessories, and textiles. It serves restaurants, hospitals and nursing homes, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues through 200 distribution facilities. The company was founded in 1969 and is headquartered in Houston, Texas.

Visa Inc. (V) gained $0.14 to close the day at a new closing price of $81.73, a 0.17% increase in value from its previous closing price that moved the stock 24.55% above its 52 week low of $66.12. A total of 6.48M shares exchanged hands during the day compared with its three month average trading volume of 10.47M. The stock, which fluctuated between $81.41 and $81.85 during the day, currently situated -2.45% below its 52 week high. The stock is up by 4.31% in the past one month and up by 0.39% over the past three months. With a one year target estimate of $94.55 and RSI of 59.92, the stock still has upside potential, making it a hold for now.

Visa Inc. operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants. The company also offers gateway services for merchants to accept, process, and reconcile payments; manage fraud; and safeguard payment security online, as well as processing services for participating issuers of visa debit, prepaid, and ATM payment products. In addition, it provides digital products, including Visa Checkout that offers consumers an expedited and secure payment experience for online transactions; and Visa Direct, a push payment product platform, which facilitates payer-initiated transactions that are sent directly to the Visa account of the recipient, as well as Visa token service that replaces the card account numbers from the transaction with a token. Further the company offers corporate (travel) and purchasing card products, as well as value-added services. It provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brands. The company has a strategic partnership agreement with Oman Arab Bank to convert the bank’s current electron cards to chip-and-PIN debit cards. Visa Inc. was incorporated in 2007 and is headquartered in San Francisco, California.

 

3 Stocks in Focus: Twilio Inc. (TWLO), UnitedHealth Group Incorporated (UNH), ConocoPhillips (COP)

Twilio Inc. (TWLO) climbed 3.52% during last trading as the stock added $0.97 to finish the day at $28.56 with about 4.98M shares changing hands, compared to its three month average trading volume of 5.3M. The $2.48B market cap company, which fluctuated between $27.42 and $28.68 during the day, currently situated 20.71% above its 52 week low of $23.66 and -59.75% away from its one year high of $70.96. The RSI of 44.95 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Twilio Inc. provides cloud communications platform that enables developers to build, scale, and operate communications within software applications through the cloud as a pay-as-you-go service in the United States and internationally. It offers programmable communications cloud software that enables developers to embed voice, messaging, video, and authentication capabilities into their applications through application programming interfaces. The company also provides use case products, such as a two-factor authentication solution. Twilio Inc. was founded in 2008 and is headquartered San Francisco, California.

UnitedHealth Group Incorporated (UNH) gained $0.96 to close the day at a new closing price of $158.7, a 0.61% increase in value from its previous closing price that moved the stock 48.36% above its 52 week low of $108.83. A total of 4.94M shares exchanged hands during the day compared with its three month average trading volume of 3.97M. The stock, which fluctuated between $157.24 and $160.55 during the day, currently situated -3.23% below its 52 week high. The stock is down by -3.2% in the past one month and up by 11.12% over the past three months. With a one year target estimate of $181.9 and RSI of 46.15, the stock still has upside potential, making it a hold for now.

UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, individuals, and military service members; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services. It also provides services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, Children’s Health Insurance Program, and health care programs; and health services, including commercial health and dental benefits. This segment serves through a network of 1 million physicians and other health care professionals, as well as approximately 6,000 hospitals and other facilities. Its OptumHealth segment offers health management services, including care delivery and management, wellness and consumer engagement, distribution, and health financial services. This segment serves individuals through programs offered by employers, payers, government entities, and directly with the care delivery systems. The company’s OptumInsight segment provides software and information products, advisory consulting services, and business process outsourcing and support services to hospitals, physicians, commercial health plans, government agencies, life sciences companies, and other organizations. Its OptumRx segment offers pharmacy care services and programs, including retail pharmacy network management, home delivery and specialty pharmacy, manufacturer rebate contracting and administration, benefit plan design and consultation, claims processing, and clinical program services, such as formulary management and compliance, drug utilization review, and disease and drug therapy management. The company was founded in 1974 and is based in Minnetonka, Minnesota.

ConocoPhillips (COP) had a light trading with around 4.9M shares changing hands compared to its three month average trading volume of 7.57M. The stock traded between $49.78 and $50.45 before closing at the price of $49.86 with -0.82% change on the day. The Houston Texas 77079 based company is currently trading 63.41% above its 52 week low of $31.05 and -6.23% below its 52 week high of $53.17. Both the RSI indicator and target price of 50.74 and $56.59 respectively, lead us to believe that it should be put on hold over the coming weeks.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. Its portfolio includes resource-rich North American tight oil and oil sands assets; lower-risk legacy assets in North America, Europe, Asia, and Australia; various international developments; and an inventory of conventional and unconventional exploration prospects. The company was founded in 1917 and is headquartered in Houston, Texas.

 

Stock’s Trend Analysis Report: Stillwater Mining Company (SWC), Brookdale Senior Living Inc. (BKD), Brocade Communications Systems, Inc. (BRCD)

Stillwater Mining Company (SWC) fell -0.23% during last trading as the stock lost $-0.04 to finish the day at $17 with about 3.95M shares changing hands, compared to its three month average trading volume of 3.27M. The $2.05B market cap company, which fluctuated between $16.99 and $17.15 during the day, currently situated 240.68% above its 52 week low of $5.26 and -2.86% away from its one year high of $17.5. The RSI of 65.12 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Stillwater Mining Company engages in the development, extraction, processing, smelting, and refining of platinum group metals (PGMs). It operates through Mine Production, PGM Recycling, Canadian Properties, and South American Properties segments. The company explores for palladium, platinum, and associated metals, as well as for gold, silver, nickel, copper, and rhodium ores. It conducts its mining operations at the Stillwater mine located near Nye, Montana; and at the East Boulder mine located in Sweet Grass County, Montana. The company also owns and operates a smelter and base metal refinery located in Columbus, Montana, as well as recycles spent catalyst and other industrial source materials. In addition, it develops and explores the Marathon PGM-copper property situated in Northern Ontario, Canada; and the Altar porphyry copper-gold property located in the San Juan Province of Argentina, as well as owns the Geordie Lake property situated in Ontario, Canada. The company was founded in 1992 and is headquartered in Littleton, Colorado.

Brookdale Senior Living Inc. (BKD) dropped $-0.31 to close the day at a new closing price of $15.96, a -1.91% decrease in value from its previous closing price that moved the stock 49.86% above its 52 week low of $10.65. A total of 3.95M shares exchanged hands during the day compared with its three month average trading volume of 4.56M. The stock, which fluctuated between $15.96 and $16.28 during the day, currently situated -17.82% below its 52 week high. The stock is up by 27.17% in the past one month and up by 3.1% over the past three months. With a one year target estimate of $16.29 and RSI of 72.48, the stock still has upside potential, making it a sell for now.

Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, Continuing Care Retirement Centers (CCRCs) – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens. The Assisted Living segment owns or leases communities consisting of freestanding, multi-story communities, and freestanding single story communities, which offer housing and 24-hour assistance with activities of daily life to mid-acuity frail and elderly residents. This segment also operates memory care communities for residents with Alzheimer’s disease and other dementias. The CCRCs – Rental segment owns or leases communities that offer various living arrangements and services to accommodate various levels of physical ability and health. The Brookdale Ancillary Services segment provides outpatient therapy, home health, and hospice services to residents of its communities, as well as to other senior living communities. The Management Services segment operates communities under the management agreements. As of December 31, 2015, the company operated 130 retirement center communities with 24,486 units; 915 assisted living communities with 62,567 units; and 78 CCRCs with 21,367 units, as well as owned or leased 959 communities with 81,067 units and provided management services with respect to 164 communities with 27,353 units for third parties or unconsolidated ventures. Brookdale Senior Living Inc. is headquartered in Brentwood, Tennessee.

Brocade Communications Systems, Inc. (BRCD) had a light trading with around 3.92M shares changing hands compared to its three month average trading volume of 9M. The stock traded at the price of $12.46 with -0.08% change on the day. The San Jose California 95134 based company is currently trading 71.96% above its 52 week low of $7.58 and -0.64% below its 52 week high of $12.54. Both the RSI indicator and target price of 51.77 and $12.4 respectively, lead us to believe that it should be put on hold over the coming weeks.

Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol (IP) networking solutions for businesses and organizations worldwide. It operates through three segments: SAN Products, IP Networking Products, and Global Services. The SAN Products segment offers infrastructure products and solutions, such as fiber channel SAN backbones, directors, and fabric/embedded switches that assist customers in the development and deployment of storage and server consolidation, disaster recovery, and data security, as well as to meet compliance requirements regarding data management; and FC fabric extension, analytics, switching, and routing solutions. The IP Networking Products segment provides Layer 2 and Layer 3 Ethernet switches and routers to connect users over private and public networks, including local area, metro, and within and across data centers. This segment also provides converged network products; a portfolio of related software and hardware-based data networking offerings; Layer 4-7 products that are designed for application traffic management and server load balancing; and a range of wireless products for the network edge. The Global Services segment offers break/fix maintenance, installation, consulting, network management and software maintenance, and customer support services. The company serves various enterprises and service providers, such as telecommunication firms, cable operators, and mobile carriers. The company markets and sells its products and services to end-user customers directly, as well as through various distribution partners, including original equipment manufacturers, distributors, systems integrators, and value-added resellers. Brocade Communications Systems, Inc. was founded in 1995 and is headquartered in San Jose, California.

 

Stocks In Queue: Valero Energy Corporation (VLO), Merrimack Pharmaceuticals, Inc. (MACK), Rice Energy Inc. (RICE)

Valero Energy Corporation (VLO) fell -1.02% during last trading as the stock lost $-0.68 to finish the day at $66.07 with about 3.64M shares changing hands, compared to its three month average trading volume of 5.23M. The $29.97B market cap company, which fluctuated between $65.53 and $66.77 during the day, currently situated 43.85% above its 52 week low of $46.88 and -7.46% away from its one year high of $71.4. The RSI of 45.3 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. The Refining segment is involved in refining, wholesale marketing, and bulk sales and trading activities. This segment produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), reformulated gasoline blendstock for oxygenate blending, diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel fuel, distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined products. As of February 19, 2016, it owned 15 petroleum refineries with a combined throughput capacity of approximately 3.0 million barrels per day. This segment also markets its refined products through bulk and rack marketing network; and through approximately 7,500 outlets under the Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco brand names. The Ethanol segment produces and sells ethanol and distillers grains primarily to refiners and gasoline blenders, as well as to animal feed customers. This segment operates 11 ethanol plants with a combined ethanol production capacity of approximately 1.4 billion gallons per year. The company also operates a 50-megawatt wind farm; convenience stores; filling stations, as well as truckstop, cardlock, and home heating oil facilities; and credit card business. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1955 and is headquartered in San Antonio, Texas.

Merrimack Pharmaceuticals, Inc. (MACK) gained $0.06 to close the day at a new closing price of $3.05, a 2.01% increase in value from its previous closing price that moved the stock 3.04% above its 52 week low of $2.96. A total of 3.62M shares exchanged hands during the day compared with its three month average trading volume of 4.18M. The stock, currently situated -66.19% below its 52 week high. The stock is down by -41.23% in the past one month and down by -38.13% over the past three months. With a one year target estimate of $9 and RSI of 20.86, the stock still has upside potential, making it a buy for now.

Merrimack Pharmaceuticals, Inc., a biopharmaceutical company, engages in discovering, developing and commercializing medicines consisting of novel therapeutics paired with diagnostics for the treatment of cancer primarily in the United States. The company offers ONIVYDE that is used for the treatment of patients with metastatic adenocarcinoma of the pancreas after disease progression following gemcitabine-based therapy. Its therapeutic oncology candidates in clinical development include MM-398, which is in Phase II clinical trials for the treatment of patients with previously untreated, metastatic pancreatic adenocarcinoma; Phase I clinical trials for the treatment of patients with glioma, pediatric solid tumors, and gastrointestinal tumors; and Phase I clinical trials for treating metastatic breast cancer. The company’s therapeutic oncology candidates also include MM-302 that is in Phase II clinical trials for the treatment of patients with ErbB2 (HER2) positive, locally advanced or metastatic breast cancer; and MM-121, which is in Phase II clinical trial for the treatment of patients with heregulin positive, advanced non-small cell lung cancer. In addition, its therapeutic oncology candidates consist of MM-141 that is in Phase II clinical trials for the treatment of previously untreated metastatic pancreatic cancer patients who have high serum levels of free IGF-1; and MM-151 and MM-141, which are in Phase I clinical trials for the treatment of patients with solid tumors. The company has license and collaboration agreements with Baxter International Inc., Baxter Healthcare Corporation, and Baxter Healthcare SA; development, license, and supply agreement with Watson Laboratories, Inc.; sublicense and collaboration agreement with PharmaEngine, Inc.; collaboration agreements with Dyax Corp. and Adimab LLC,; and license agreement with University of California. Merrimack Pharmaceuticals, Inc. was incorporated in 1993 and is headquartered in Cambridge, Massachusetts.

Rice Energy Inc. (RICE) had a light trading with around 3.61M shares changing hands compared to its three month average trading volume of 3.98M. The stock traded between $20.69 and $21.18 before closing at the price of $20.98 with 0.72% change on the day. The Canonsburg Pennsylvania 15317 based company is currently trading 164.9% above its 52 week low of $8.06 and -28.54% below its 52 week high of $29.36. Both the RSI indicator and target price of 46.21 and $31.5 respectively, lead us to believe that it should be put on hold over the coming weeks.

Rice Energy Inc., an independent natural gas and oil company, engages in the acquisition, exploration, and development of natural gas, oil, and natural gas liquid (NGL) properties in the Appalachian Basin. The company operates through two segments, Exploration and Production, and Midstream. As of December 31, 2015, it held approximately 92,000 net acres in the southwestern core of the Marcellus Shale, Pennsylvania; and approximately 56,000 net acres in the southeastern core of the Utica Shale located in Belmont County, Ohio. The company also has operations in the Upper Devonian Shale located on Pennsylvania acreage. It had 120 net producing wells in the Marcellus Shale; 4 net producing wells in the Upper Devonian Shale; and 19 net producing wells in the Utica Shale. The company is also involved in the gathering and compression of natural gas, oil, and NGL; and the provision of water services to support well completion activities. Rice Energy Inc. was founded in 2008 and is based in Canonsburg, Pennsylvania.

 

3 Trending Stocks: Johnson Controls International plc (JCI), Hess Corporation (HES), Berkshire Hathaway Inc. (BRK-B)

Johnson Controls International plc (JCI) continued its downward trend with the stock declining -0.51% or $-0.22 to close the day at $42.87 on light trading volume of 3.19M shares, compared to its three month average trading volume of 5.97M. The Cork Cork T12 X8N6 based company has been outperforming the auto parts group over the past 52 weeks, with the stock gaining 46.84%, compared to the industry which has advanced 32.88% over the same period. With RSI of 47.9, the stock should still continue to rise and get closer to its one year target estimate of $50.18, making it a hold for now.

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Buildings and Power Solutions segments. It designs, produces, markets, and installs heating, ventilating, and air conditioning (HVAC) systems, building management systems, controls, and security and mechanical equipment. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services. In addition, it designs, sells, installs, services, and monitors electronic security systems, and fire detection and suppression systems; and manufactures and sells intrusion security products, anti-theft devices, breathing apparatus, and access control and video management systems for commercial, industrial, retail, residential, small business, institutional, and governmental customers. Further, the company produces and supplies lead-acid automotive batteries for passenger cars, light trucks, and utility vehicles, as well as advanced battery technologies to power start-stop, hybrid, and electric vehicles. It offers its lead-acid automotive batteries to automotive original equipment manufacturers and the general vehicle battery aftermarket. The company was formerly known as Johnson Controls, Inc. and changed its name to Johnson Controls International plc in September 2016. Johnson Controls International plc was founded in 1885 and is headquartered in Cork, Ireland.

Hess Corporation (HES) fell -1.89% during last trading as the stock lost $-1.11 to finish the day at $57.72 with about 3.17M shares changing hands, compared to its three month average trading volume of 4.37M. The $18.26B market cap company, which fluctuated between $57.65 and $58.97 during the day, currently situated 81.45% above its 52 week low of $34.02 and -11.61% away from its one year high of $65.56. The RSI of 40.41 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company operates in two segments, Exploration and Production, and Bakken Midstream. It is also involved in crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminating and loading crude oil and natural gas liquids, and the storage and terminating of propane primarily in the Bakken shale play of North Dakota. The company operates primarily in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia, and Norway. As of December 31, 2015, it had total proved reserves of 1,086 million barrels of oil equivalent. The company was founded in 1920 and is headquartered in New York, New York.

Berkshire Hathaway Inc. (BRK-B) saw its value decrease by -0.67% as the stock dropped $-1.08 to finish the day at a closing price of $159.41. The stock was lighter in trading and has fluctuated between $123.55-$167.25 per share for the past year. The shares, which traded within a range of $159.11 to $161.12 during the day, are up by 10.47% in the past three months and up by 9.06% over the past six months. It is currently trading -2.43% below its 20 day moving average and -0.7% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $192.5 a share over the next twelve months. The current relative strength index (RSI) reading is 37.78. The technical indicator lead us to believe there will be no major movement any time soon, hold.

Berkshire Hathaway Inc. operates as a holding company. It provides property and casualty insurance and reinsurance, as well as life, accident, and health reinsurance; and operates railroad systems in North America. The company also generates, transmits, and distributes electricity from solar, wind, nuclear, geothermal, and hydro sources; operates natural gas distribution and storage facilities, interstate pipelines, and compressor and meter stations; and holds interest in coal mining assets. In addition, it offers real estate brokerage services; invests in fixed-income and equity instruments; and engages in manufactured housing and finance business, leasing of transportation equipment, and furniture leasing activities. Further, the company manufactures boxed chocolates and other confectionery products; specialty chemicals, metal cutting tools, and other products; flooring, insulation, roofing and engineered, building and engineered components, paint and coating, and bricks and masonry products; recreational vehicles, apparel products, jewelry, and custom picture framing products; and alkaline batteries. Additionally, it manufactures structural investment castings and forged components, machined airframe components and engineered critical fasteners; airfoil castings; titanium and nickel superalloy melted and mill products; and seamless pipes, fittings, and forgings. The company distributes newspapers, televisions, and information; franchises and services quick service restaurants; distributes electronic components; and offers steel and logistics services, professional aviation training programs, and fractional aircraft ownership programs. In addition, it retails automobiles; furniture, bedding, and accessories; household appliances, electronics, and computers; jewelry, watches, crystal, china, stemware, flatware, gifts, and collectibles; kitchen tools; and motorcycle apparel and equipment. The company was founded in 1889 and is headquartered in Omaha, Nebraska.

 

Stocks Buzz: The PNC Financial Services Group, Inc. (PNC), Hovnanian Enterprises, Inc. (HOV), American Axle & Manufacturing Holdings, Inc. (AXL)

The PNC Financial Services Group, Inc. (PNC) failed to extend gains with the stock declining -0.61% or $-0.71 to close the day at $115.61 on light trading volume of 2.59M shares, compared to its three month average trading volume of 3.28M. The Pittsburgh Pennsylvania 15222 based company has been outperforming the money center banks group over the past 52 weeks, with the stock gaining 40.63%, compared to the industry which has advanced 13.88% over the same period. With RSI of 48.85, the stock should still continue to rise and get closer to its one year target estimate of $120.55, making it a hold for now.

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States and internationally. The company’s Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management services to consumer and small business customers through branch network, ATMs, call centers, online banking, and mobile channels. As of March 31, 2016, this segment operated a network of 2,613 branches and 8,940 ATMs. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, equipment leases, cash and investment management, receivables management, disbursement and funds transfer, information reporting, trade services, foreign exchange, derivatives, securities, loan syndications, mergers and acquisitions advisory, equity capital markets advisory, and related services for corporations, government, and not-for-profit entities. This segment also offers commercial loan servicing, and real estate advisory and technology solutions for the commercial real estate finance industry. The company’s Asset Management Group segment provides investment and retirement planning, customized investment management, private banking, tailored credit solutions, and trust management and administration for individuals and their families; multi-generational family planning products; and mutual funds and institutional asset management services. Its Residential Mortgage Banking segment offers first lien residential mortgage loans. The company’s BlackRock segment provides investment and risk management services to institutional and retail clients. Its Non-Strategic Assets Portfolio segment offers consumer residential mortgage, brokered home equity loans, and lines of credit, as well as commercial real estate loans and leases. The PNC Financial Services Group, Inc. was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.

Hovnanian Enterprises, Inc. (HOV) retreated with the stock falling -6.22% or $-0.14 to close at $2.11 on active trading volume of 2.58M compared its three months average trading volume of 1.93M. The Red Bank New Jersey 07701 based company operating under the Residential Construction industry has been trending up for the last 52 weeks, with the shares price now 55.15% up for the period and down by -22.71% so far this year. With price target of $1.78 and a 77.31% rebound from 52-week low, Hovnanian Enterprises, Inc. has plenty of upside potential, making it a hold with a view buy.

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters in 167 communities in 33 markets. It also provides financial services comprising originating mortgages from homebuyers and selling such mortgages in the secondary market, as well as offers title insurance services. The company was founded in 1959 and is headquartered in Red Bank, New Jersey.

American Axle & Manufacturing Holdings, Inc. (AXL) continued its upward trend with the stock climbing 1.13% or $0.23 to close the day at $20.57 on higher than average trading volume of 2.58M shares, compared to its three month average trading volume of 1.66M. The Detroit Michigan 48211 based company has been outperforming the auto parts companies by 17.6492% for last three months and its recent gains have pushed the stock slightly up 6.58% YTD, versus the auto parts industry which is up 3.15% for the same period. The RSI of 66.98 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, validates, and manufactures driveline and drivetrain systems, and related components and chassis modules for the automotive industry in the United States, Canada, Mexico, South America, Asia, Europe, and internationally. It offers axles, driveheads, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, transmission parts, electric drive systems, and metal-formed products that transfer power from the transmission to the drive wheels. The company offers its products for light trucks, sport utility vehicles, passenger cars, and crossover and commercial vehicles. American Axle & Manufacturing Holdings, Inc. was founded in 1994 and is headquartered in Detroit, Michigan.

 

Stocks Under Consideration: Cardinal Health, Inc. (CAH), Net Element, Inc. (NETE), Prologis, Inc. (PLD)

Cardinal Health, Inc. (CAH) retreated with the stock falling -0.33% or $-0.25 to close at $75.55 on light trading volume of 2.24M compared its three months average trading volume of 3.18M. The Dublin Ohio 43017 based company operating under the Drugs Wholesale industry has been trending down for the last 52 weeks, with the shares price now -3.73% down for the period and up by 4.97% so far this year. With price target of $80.33 and a 21.24% rebound from 52-week low, Cardinal Health, Inc. has plenty of upside potential, making it a hold with a view buy.

Cardinal Health, Inc. operates as a healthcare services and products company worldwide. The company’s Pharmaceutical segment distributes branded and generic pharmaceutical, over-the-counter healthcare, specialty pharmaceutical, and consumer products to retailers, hospitals, and other healthcare providers. It offers distribution, inventory management, data reporting, new product launch support, and contract pricing and chargeback administration services to pharmaceutical manufacturers; pharmacy and medication therapy management, and patient outcomes services to hospitals, other healthcare providers, and payers; consulting, patient support, and other services to pharmaceutical manufacturers and healthcare providers. This segment also operates nuclear pharmacies and cyclotron facilities that manufacture, prepare, and deliver radiopharmaceuticals, as well as operates direct-to-patient specialty pharmacies; offers logistics, marketing, and other services; and repackages generic pharmaceuticals and over-the-counter healthcare products. The company’s Medical segment distributes a range of medical, surgical, and laboratory products and services to hospitals, ambulatory surgery centers, clinical laboratories, and other healthcare providers, as well as to patients in the home. This segment also develops, manufactures, and sources medical and surgical products comprising surgical drapes, and gowns and apparel; exam and surgical gloves; fluid suction and collection systems; cardiovascular and endovascular products; and wound care and orthopedic products, as well as assembles and offers sterile and non-sterile procedure kits. In addition, it offers supply chain services, including spend, distribution, and inventory management services to healthcare providers; and post-acute care management, and transition services and software to hospitals, other healthcare providers, and payers. The company was founded in 1979 and is headquartered in Dublin, Ohio.

Net Element, Inc. (NETE) had a active trading with around 2.24M shares changing hands compared to its three month average trading volume of 160.42K. The stock traded at the price of $0.92 with 5.01% change on the day. The North Miami Beach Florida 33160 based company is currently trading 31.71% above its 52 week low of $0.7 and -79.96% below its 52 week high of $4.6. Both the RSI indicator and target price of  and $0 respectively, lead us to believe that it could rise over the coming weeks.

Net Element, Inc., a global payments-as-a-service company, operates as a technology provider with an integrated mobile and transactional services platform serving emerging market clients. It operates through North America Transaction Solutions, Mobile Solutions, and Online Solutions segments. The North America Transaction Solutions segment provides technology and services for businesses require to accept cashless transaction for retail card-present, e-commerce, or card-not-present mail order/telephone order transactions, as well as offers mobile payment services, merchant performance analytical tools, merchant back office reporting, and cloud-based Aptito, a point of sale (POS) platform, which includes hospitality, mobile POS, and small to medium sized business retail POS applications. The Mobile Solutions segment provides an integrated mobile billing and mobile commerce solution for digital merchants, such as social networks, game developers, online magazines, mobile applications, and digital media operators to monetize their content in a mobile environment. It also offers various mobile payment solutions for Web services and mobile applications. This segment provides mobile users to pay for purchases via mobile device, interactive device, or Web without a credit card or a bank account. The Online Solutions segment operates PayOnline that provide a range of value-added solutions utilizing its integrated platform agnostic electronic commerce that simplifies enterprise online transaction processing challenges from payment acceptance and processing through risk prevention, and payment security via point-to-point encryption and tokenization solutions. It operates in North America, Russia, and Commonwealth of Independent States. The company was formerly known as Net Element International, Inc. and changed its name to Net Element, Inc. in December 2013. Net Element, Inc. was founded in 2004 and is headquartered in North Miami Beach, Florida.

Prologis, Inc. (PLD) saw its value decrease by -0.17% as the stock dropped $-0.09 to finish the day at a closing price of $52.76. The stock was lighter in trading and has fluctuated between $35.25-$54.87 per share for the past year. The shares, which traded within a range of $52.5 to $53.01 during the day, are up by 2.15% in the past three months and up by 3.93% over the past six months. It is currently trading 0.27% above its 20 day moving average and 3.6% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $15.46 a share over the next twelve months. The current relative strength index (RSI) reading is 57.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, management, and leasing of industrial distribution and retail properties. It was previously known as Security Capital Investment Trust. Prologis Inc. was formed in 1991 and is based in San Francisco, California with an additional office in Denver, Colorado.

 

Stocks in Focus: National Oilwell Varco, Inc. (NOV), TEGNA Inc. (TGNA), The Southern Company (SO)

National Oilwell Varco, Inc. (NOV) had a light trading with around 3.46M shares changing hands compared to its three month average trading volume of 3.71M. The stock traded between $36.82 and $37.51 before closing at the price of $37.42 with -0.66% change on the day. The Houston Texas 77036 based company is currently trading 48.17% above its 52 week low of $25.74 and -14.23% below its 52 week high of $43.63. Both the RSI indicator and target price of 46.07 and $34.45 respectively, lead us to believe that it should be put on hold over the coming weeks.

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, and rope access inspection services. The Completion and Production Solutions segment offers pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; offshore production comprising composite pipes, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

TEGNA Inc. (TGNA) continued its downward trend with the stock declining -0.37% or $-0.08 to close the day at $21.27 on active trading volume of 3.45M shares, compared to its three month average trading volume of 2.11M. The McLean Virginia 22107 based company has been underperforming the broadcasting – tv group over the past 52 weeks, with the stock losing -6%, compared to the industry which has advanced 10.83% over the same period. With RSI of 37.56, the stock should still continue to rise and get closer to its one year target estimate of $25.5, making it a hold for now.

TEGNA Inc. engages in media and digital businesses in the United States. The company operates in two segments, Media and Digital. It operates 46 television stations that produce local programming, such as news, sports, and entertainment. The company also operates Cars.com, an online destination for automotive consumers that offers information about car shopping, selling, and servicing; CareerBuilder, which provides human capital solutions, such as employment data and labor market analysis software, talent management software, and other advertising and recruitment solutions; G/O Digital that provides digital marketing services for local businesses; and Cofactor, a digital marketing company that enable brands to deliver content. In addition, it offers advertising and marketing solutions. The company serves approximately 90 million customers through its broadcast and digital media platforms. The company was formerly known as Gannett Co., Inc. and changed its name to TEGNA Inc. in June 2015. TEGNA Inc. was founded in 1906 and is headquartered in McLean, Virginia.

The Southern Company (SO) shares were down in last trading by -0.14% to $49.62. It experienced lighter than average volume on day. The stock increased in value by almost 2.56% over the past week and grew 2.39% in the past month. It is currently trading 2.54% above its 50 day moving average and -0.39% below its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -7.14% decrease in value from its one year high of $54.64. The RSI indicator value of 60.14, lead us to believe that it is a hold for now.

The Southern Company, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi. The company also constructs, acquires, owns, and manages generation assets, including renewable energy projects. As of December 31, 2015, it operated 33 hydroelectric generating stations, 31 fossil fuel generating stations, 3 nuclear generating stations, 13 combined cycle/cogeneration stations, 16 solar facilities, 1 wind facility, 1 biomass facility, and 1 landfill gas facility. The company also provides digital wireless communications services with various communication options, including push to talk, cellular service, text messaging, wireless Internet access, and wireless data; and wholesale fiber optic solutions to telecommunication providers in the Southeast. The Southern Company was founded in 1945 and is headquartered in Atlanta, Georgia.