Kathryn Reed

3 Notable Runners: QEP Resources, Inc. (QEP), Uranium Energy Corp. (UEC), Novavax, Inc. (NVAX)

QEP Resources, Inc. (QEP) continued its upward trend with the stock climbing 0.95% or $0.16 to close the day at $16.93 on lower than average trading volume of 2.96M shares, compared to its three month average trading volume of 3.07M. The Denver Colorado 80265 based company has been outperforming the oil & gas pipelines companies by 5.548% for last three months and its recent gains have offset losses to -8.04% YTD, versus the oil & gas pipelines industry which is up 4.76% for the same period. The RSI of 36.67 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

QEP Resources, Inc., through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Pinedale Anticline in western Wyoming; the Williston Basin in North Dakota; the Uinta Basin in eastern Utah; the Permian Basin in western Texas; the Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado. As of December 31, 2015, it had estimated proved reserves of 3,620.2 billion cubic feet of natural gas equivalents. The company sells its gas, oil, and natural gas liquids (NGL) to various customers, including gas-marketing firms, industrial users, local-distribution companies, crude oil refiners, and remarketers, as well as markets affiliate and third-party gas, oil, and NGL volumes. In addition, it operates a gas gathering system and an underground gas storage facility. QEP Resources, Inc. is headquartered in Denver, Colorado.

Uranium Energy Corp. (UEC) had a active trading with around 2.96M shares changing hands compared to its three month average trading volume of 2.06M. The stock traded between $1.67 and $1.76 before closing at the price of $1.7 with 2.41% change on the day. The Vancouver British Columbia V6E 2Y3 based company is currently trading 146.38% above its 52 week low of $0.69 and -6.59% below its 52 week high of $1.82. Both the RSI indicator and target price of 60.4 and $2.79 respectively, lead us to believe that it should be put on hold over the coming weeks.

Uranium Energy Corp. engages in the exploration, pre-extraction, extraction, and processing of uranium concentrates on projects located in the United States and the Republic of Paraguay. As of July 31, 2016, it had mineral rights in uranium projects located in the states of Arizona, Colorado, New Mexico, Texas, and Wyoming, as well as in the Republic of Paraguay. The company was formerly known as Carlin Gold Inc. and changed its name to Uranium Energy Corp. in January 2005. Uranium Energy Corp. was incorporated in 2003 and is based in Corpus Christi, Texas.

Novavax, Inc. (NVAX) traded within a range of $1.29 to $1.33 after opening the day at $1.29. The company has seen its stock increase in value by 4.76% so far this year. The stock was up close to 0.76% on light volume in last trading session and closed at $1.32 per share. After the recent gain, the stock is currently holding -84.45% below its 52 week high of $8.49 and 13.79% above its 12-month low of $1.16. The shares are down by over -8.97% in the last three months, and the RSI indicator value of 45.93 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Novavax, Inc., a clinical-stage vaccine company, focuses on discovering, developing, and commercializing recombinant nanoparticle vaccines and adjuvants. The company produces its vaccines using its proprietary recombinant nanoparticle vaccine technology. Its product pipeline includes respiratory syncytial virus (RSV) vaccine candidates for elderly and maternal immunization that are in Phase III clinical trials, as well as pediatric RSV candidate, which is in Phase I clinical trial; seasonal quadrivalent influenza and pandemic H7N9 vaccines, which are in Phase II clinical trials; vaccine candidate against Ebola Virus that is Phase I clinical trial, as well as combination respiratory vaccine candidate and seasonal influenza vaccine candidate that is in pre-clinical trial; and rabies G protein vaccine candidate, which is in Phase I/II clinical trial. The company also has pre-clinical stage programs for various infectious diseases, including the Middle East respiratory syndrome coronavirus; and develops technology for the production of immune stimulating saponin-based adjuvants. Novavax, Inc. was founded in 1987 and is headquartered in Gaithersburg, Maryland.

 

Trader’s Buzzers: New York REIT, Inc. (NYRT), Navient Corporation (NAVI), Gulfport Energy Corp. (GPOR)

New York REIT, Inc. (NYRT) traded within a range of $9.99 to $10.09 after opening the day at $10.02. The company has seen its stock decrease in value by -0.99% so far this year. The stock was down close to 0% on light volume in last trading session and closed at $10.02 per share. After the recent fall, the stock is currently holding -7.3% below its 52 week high of $11.07 and 16.31% above its 12-month low of $8.79. The shares are up by over 6.14% in the last three months, and the RSI indicator value of 56.74 is neither bullish nor bearish, tempting investors to stay on the sidelines.

New York REIT, Inc. focuses on acquiring commercial real estate, as well as acquiring properties or making other real estate investments that relate to office, retail, multi-family residential, industrial, and hotel property types located primarily in New York City. It intends to qualify as a real estate investment trust for the U.S. federal income tax purposes. The company was formerly known as American Realty Capital New York Recovery REIT, Inc. New York REIT, Inc. was founded in October 2009 and is based in New York, New York.

Navient Corporation (NAVI) managed to rebound with the stock climbing 0.65% or $0.1 to close the day at $15.39 on light trading volume of 2.59M shares, compared to its three month average trading volume of 3.27M. The Wilmington Delaware 19801 based company has been outperforming the credit services group over the past 52 weeks, with the stock gaining 88.66%, compared to the industry which has advanced 32.95% over the same period. With RSI of 40.92, the stock should still continue to rise and get closer to its one year target estimate of $18, making it a hold for now.

Navient Corporation provides financial products and services in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services. It holds the portfolio of education loans insured or guaranteed under the FFELP, as well as the portfolio of private education loans. The company also provides asset recovery services for loans and receivables on behalf of guarantors of FFELP loans, and higher education institutions, as well as federal, state, court, and municipal clients; and business processing services on behalf of municipalities, public authorities, and hospitals. Navient Corporation is headquartered in Wilmington, Delaware.

Gulfport Energy Corp. (GPOR) gained $0.6 to close the day at a new closing price of $20.47, a 3.02% increase in value from its previous closing price that moved the stock 4.76% above its 52 week low of $19.54. A total of 2.59M shares exchanged hands during the day compared with its three month average trading volume of 3.63M. The stock, which fluctuated between $20 and $20.58 during the day, currently situated -40.96% below its 52 week high. The stock is down by -1.63% in the past one month and down by -10.57% over the past three months. With a one year target estimate of $31.61 and RSI of 34.71, the stock still has upside potential, making it a hold for now.

Gulfport Energy Corp. engages in the acquisition, exploration, exploitation, and production of natural gas, natural gas liquids (NGLs), and crude oil in the United States. The company’s principal properties are located in the Utica Shale primarily in Eastern Ohio, along the Louisiana Gulf Coast in the West Cote Blanche Bay, and Hackberry fields. It also has interests in the Niobrara Formation of Northwestern Colorado; Bakken Formation; Alberta oil sands in Canada; and Phu Horm gas field in Thailand. As of December 31, 2015, the company had 1.7 Tcfe of proved reserves; and proved undeveloped reserves of 338 thousand barrels of oil, 907,184 million cubic feet of natural gas, and 4,826 thousand barrels of NGLs. Gulfport Energy Corp. is headquartered in Oklahoma City, Oklahoma.

 

3 Trending Stocks: Owens-Illinois, Inc. (OI), Mueller Water Products, Inc. (MWA), Northwest Biotherapeutics, Inc. (NWBO)

Owens-Illinois, Inc. (OI) continued its upward trend with the stock climbing 1.07% or $0.21 to close the day at $19.9 on light trading volume of 1.3M shares, compared to its three month average trading volume of 2.52M. The Perrysburg Ohio 43551 based company has been outperforming the packaging & containers group over the past 52 weeks, with the stock gaining 48.4%, compared to the industry which has advanced 36.53% over the same period. With RSI of 60.6, the stock should still continue to rise and get closer to its one year target estimate of $21.15, making it a hold for now.

Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals. It offers glass containers in a range of sizes, shapes, and colors. The company sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. Owens-Illinois, Inc. was founded in 1903 and is headquartered in Perrysburg, Ohio.

Mueller Water Products, Inc. (MWA) climbed 1.97% during last trading as the stock added $0.25 to finish the day at $12.92 with about 1.29M shares changing hands, compared to its three month average trading volume of 1.29M. The $2.07B market cap company, which fluctuated between $12.64 and $12.94 during the day, currently situated 67.55% above its 52 week low of $7.91 and -8.73% away from its one year high of $14.2. The RSI of 42.75 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Mueller Water Products, Inc. manufactures and markets products and services for the use in transmission, distribution, and measurement of water in the United States, Canada, and internationally. The company operates in three segments: Mueller Co., Anvil, and Mueller Technologies. The Mueller Co. segment offers valves for water and gas systems, including iron gate, butterfly, tapping, check, knife, plug, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off. This segment sells its products primarily through waterworks distributors to various end user customers, including municipalities, water and wastewater utilities, gas utilities, and fire protection and construction contractors. The Anvil segment offers a range of products, including various fittings, couplings, hangers, valves, and related piping component system products for use in non-residential construction for HVAC, fire protection, industrial, power, and oil and gas end markets. This segment sells its products principally through distributors to various end users, including commercial contractors. The Mueller Technologies segment provides residential and commercial water metering products and systems; and leak detection and pipe condition assessment products and services primarily to municipalities and waterworks distributors, as well as to end users. Mueller Water Products, Inc. is headquartered in Atlanta, Georgia.

Northwest Biotherapeutics, Inc. (NWBO) saw its value decrease by -4.96% as the stock dropped $-0.02 to finish the day at a closing price of $0.46. The stock was lighter in trading and has fluctuated between $0.32-$2.59 per share for the past year. The shares, which traded within a range of $0.43 to $0.49 during the day, are up by 2.77% in the past three months and up by 9.39% over the past six months. It is currently trading 10.03% above its 20 day moving average and 2.4% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $5 a share over the next twelve months. The current relative strength index (RSI) reading is 53.15. The technical indicator lead us to believe there will be no major movement any time soon, hold.

Northwest Biotherapeutics, Inc., a biotechnology company, discovers and develops immunotherapy products to treat cancer in the United States and internationally. It is involved in the development of DCVax, a platform technology that uses activated dendritic cells to mobilize a patient’s own immune system to attack cancer. The company’s products include DCVax-L, which is under Phase III brain cancer trial for treating brain cancer; DCVax-Direct that is under Phase I/II clinical trial for various types of inoperable solid tumor cancers; and DCVax-Prostate, which is under Phase III for prostate cancer. Northwest Biotherapeutics, Inc. was founded in 1996 and is headquartered in Bethesda, Maryland.

 

Stocks Alert: Owens Corning (OC), Old Republic International Corporation (ORI), Huntsman Corporation (HUN)

Owens Corning (OC) grew with the stock adding 4.07% or $2.22 to close at $56.74 on active trading volume of 2.34M compared its three months average trading volume of 1.08M. The Toledo Ohio 43659 based company operating under the General Building Materials industry has been trending up for the last 52 weeks, with the shares price now 33.89% up for the period and up by 10.05% so far this year. With price target of $55.75 and a 47.78% rebound from 52-week low, Owens Corning has plenty of upside potential, making it a hold with a view buy.

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

Old Republic International Corporation (ORI) dropped $-0.03 to close the day at a new closing price of $20.75, a -0.14% decrease in value from its previous closing price that moved the stock 27.02% above its 52 week low of $16.51. A total of 2.32M shares exchanged hands during the day compared with its three month average trading volume of 1.82M. The stock, which fluctuated between $20.73 and $20.91 during the day, currently situated -2.08% below its 52 week high. The stock is up by 9.27% in the past one month and up by 24.16% over the past three months. With a one year target estimate of $23 and RSI of 71.49, the stock still has upside potential, making it a sell for now.

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business. The General Insurance Group segment offers automobile extended warranty, aviation, commercial automobile, commercial multi-peril, general liability, home warranty, inland marine, travel accident, and workers’ compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, directors and officers, fidelity, guaranteed asset protection, and surety. This segment offers its insurance products for businesses, government, and other institutions in transportation, commercial construction, healthcare, education, retail and wholesale, forest products, energy, general manufacturing, and financial services industries. The Title Insurance Group segment provides lenders’ and owners’ title insurance policies to real estate purchasers and investors based upon searches of the public records. This segment also offers escrow closing and construction disbursement services; and real estate information products, national default management services, and other services pertaining to real estate transfers and loan transactions. The Republic Financial Indemnity Group Run-off Business segment provides private mortgage insurance coverage that protects mortgage lenders and investors from default related losses on residential mortgage loans made primarily to homebuyers. This segment is also involved in the consumer credit indemnity run-off business. Old Republic International Corporation was founded in 1887 and is based in Chicago, Illinois.

Huntsman Corporation (HUN) shares were up in last trading by 2.79% to $20.61. It experienced higher than average volume on day. The stock increased in value by almost 0.1% over the past week and grew 4.35% in the past month. It is currently trading 3.71% above its 50 day moving average and 22.97% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -5.07% decrease in value from its one year high of $21.71. The RSI indicator value of 53.35, lead us to believe that it is a hold for now.

Huntsman Corporation, together with its subsidiaries, manufactures and sells differentiated organic and inorganic chemical products worldwide. The company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, propylene oxide, polyols, propylene glycol, thermoplastic polyurethane, aniline, and methyl tertiary-butyl ether products, which are used to produce rigid and flexible foams, as well as coatings, adhesives, sealants, and elastomers. The Performance Products segment provides amines, carbonates, surfactants, linear alkyl benzene, maleic anhydride, other performance chemicals, ethylene glycol, olefins, and technology licenses. The Advanced Materials segment offers basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting, and curing agents; and epoxy, acrylic, and polyurethane-based formulations. The Textile Effects segment provides textile chemicals, dyes, and inks. The Pigments and Additives segment offers titanium dioxide, functional additives, color pigments, timber treatment, and water treatment chemicals. The company’s products are used in various applications, including adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals, and dye industries. Huntsman Corporation was founded in 1970 and is headquartered in The Woodlands, Texas.

 

Traders Watch list: News Corporation (NWSA), Olin Corporation (OLN), TripAdvisor, Inc. (TRIP)

News Corporation (NWSA) saw its value increase by 1.89% as the stock gained $0.23 to finish the day at a closing price of $12.39. The stock was higher in trading and has fluctuated between $10.47-$14.68 per share for the past year. The shares, which traded within a range of $12.18 to $12.4 during the day, are up by 6.35% in the past three months and down by -5.07% over the past six months. It is currently trading 1.77% above its 20 day moving average and 3.77% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $14.98 a share over the next twelve months. The current relative strength index (RSI) reading is 59.67.The technical indicator lead us to believe there will be no major movement any time soon, hold.

News Corporation, a media and information services company, focuses on creating and distributing content to consumers and businesses worldwide. The company distributes content and data products, such as The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron’s, MarketWatch, Dow Jones Private Markets, and DJX through various media channels, including newspapers, newswires, Websites, newsletters, magazines, proprietary databases, conferences, and video, as well as applications for mobile devices, tablets, and electronic readers. It also owns and operates daily, Sunday, weekly, and bi-weekly newspapers, including The Australian, The Weekend Australian, The Daily Telegraph, The Sunday Telegraph, Herald Sun, Sunday Herald Sun, The Courier Mail, The Sunday Mail, The Advertiser, Sunday Mail, The Sun, The Sun on Sunday, The Times, The Sunday Times, and New York Post, as well as digital mastheads and other Websites. In addition, the company provides home-delivered shopper media, such as free-standing inserts and direct mail products; in-store marketing products and services primarily to consumer packaged goods manufacturers; in-store merchandising services; and digital marketing solutions. Further, it publishes general fiction, nonfiction, children’s, and religious books; and offers sports programming services with seven television channels distributed through cable, satellite and IP, various interactive viewing applications, and broadcast rights to live sporting events. Additionally, the company provides digital advertising services for property and property-related services on Websites and mobile applications; online real estate services; and professional software and services products, including Top Producer, TigerLead, and ListHub, as well as operates residential and commercial property Websites. News Corporation is headquartered in New York, New York.

Olin Corporation (OLN) shares were up in last trading by 0.17% to $29.27. It experienced higher than average volume on day. The stock decreased in value by almost -1.37% over the past week and grew 6.5% in the past month. It is currently trading 10.38% above its 50 day moving average and 27.92% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -4.54% decrease in value from its one year high of $30.87. The RSI indicator value of 62.13, lead us to believe that it is a hold for now.

Olin Corporation manufactures and distributes chemical products in the United States and internationally. It operates through three segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, and potassium hydroxide. The Epoxy segment provides allyl chloride and epichlorohydrin for use in resins and other plastic materials, water purification, and pesticides, as well as for the manufacturers of polymers; liquid epoxy resins used in adhesives, paints and coatings, composites, and flooring; and converted epoxy resins and additives for use in electrical laminates, paints and coatings, wind blades, electronics, and construction. The Winchester segment offers sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. The company markets its products through its sales force, as well as directly to various industrial customers, mass merchants, retailers, wholesalers, other distributors, and the U.S. Government and its prime contractors. Olin Corporation was founded in 1892 and is headquartered in Clayton, Missouri.

TripAdvisor, Inc. (TRIP) traded within a range of $52.04 to $52.9 after opening the day at $52.12. The company has seen its stock increase in value by 13.24% so far this year. The stock was up close to 1.19% on light volume in last trading session and closed at $52.51 per share. After the recent gain, the stock is currently holding -26.75% below its 52 week high of $71.69 and 15.08% above its 12-month low of $45.63. The shares are down by over -16.78% in the last three months, and the RSI indicator value of 56.9 is neither bullish nor bearish, tempting investors to stay on the sidelines.

TripAdvisor, Inc. operates as an online travel company. The company operates through two segments, Hotel and Other. Its travel research platform aggregates reviews and opinions about destinations, accommodations, activities and attractions, and restaurants for consumers to plan their trips, as well as enables to book hotels, vacation rentals, flights, activities and attractions, and restaurants. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 47 countries. It also manages and operates 23 other media brands that provide travel planning resources across the travel sector comprising airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, everytrail.com, familyvacationcritic.com, flipkey.com, gateguru.com, holidaylettings.co.uk, holidaywatchdog.com, independenttraveler.com, jetsetter.com, thefork.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, travelpod.com, tripbod.com, vacationhomerentals.com, viator.com, and virtualtourist.com. The company’s Websites feature 320 million reviews and opinions on 6.2 million places, including 995,000 hotels and accommodations; 770,000 vacation rentals; 3.8 million restaurants; and 625,000 attractions worldwide. TripAdvisor, Inc. was founded in 2000 and is headquartered in Needham, Massachusetts.

 

3 Trending Stocks: Carrizo Oil & Gas, Inc. (CRZO), Splunk Inc. (SPLK), Mentor Graphics Corporation (MENT)

Carrizo Oil & Gas, Inc. (CRZO) continued its downward trend with the stock declining -0.85% or $-0.28 to close the day at $32.66 on active trading volume of 1.72M shares, compared to its three month average trading volume of 1.18M. The Houston Texas 77002 based company has been outperforming the independent oil & gas group over the past 52 weeks, with the stock gaining 31.16%, compared to the industry which has advanced 54.53% over the same period. With RSI of 26.86, the stock should still continue to rise and get closer to its one year target estimate of $47.08, making it a hold for now.

Carrizo Oil & Gas, Inc., together with its subsidiaries, engages in the exploration, development, and production of oil and gas primarily in the United States. The company holds interests in oil and gas plays, including Eagle Ford Shale in Texas; the Delaware Basin in West Texas; the Utica Shale in Ohio; the Niobrara Formation in Colorado; and the Marcellus Shale in Pennsylvania. As of December 31, 2015, it had proved oil and gas reserves of 170.6 million barrels of oil equivalent; and operated 474 gross productive oil and gas wells. The company was founded in 1993 and is based in Houston, Texas.

Splunk Inc. (SPLK) climbed 2.51% during last trading as the stock added $1.54 to finish the day at $62.81 with about 1.71M shares changing hands, compared to its three month average trading volume of 1.91M. The $8.46B market cap company, which fluctuated between $61.32 and $63.23 during the day, currently situated 110.42% above its 52 week low of $30.62 and -4.47% away from its one year high of $65.75. The RSI of 71.53 indicates the stock is overbought at the current levels, sell for now.

Splunk Inc. provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. The company’s products enable users to collect, index, search, explore, monitor, and analyze data regardless of format or source. It offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud service. The company also provides Splunk Light, which offers log search and analysis for small IT environments; and Hunk, a Splunk analytics software, for exploring, analyzing, and visualizing data stored in Hadoop and Amazon S3. In addition, it offers Splunk Enterprise Security, which addresses emerging security threats; Splunk User Behavior Analytics that detects cyber-attacks and insider threats; and Splunk IT Service Intelligence, which monitors health and key performance indicators of critical IT services, as well as Splunk App for AWS to ensure cloud security and compliance; Splunk App for Stream to capture, analyze, and correlate network wire data; and DB Connect to get enterprise context; Palo Alto Networks App for Splunk to gain visibility to Palo Alto Networks firewalls; and Splunk App for Salesforce. Further, the company operates Splunkbase and Splunk Answers Websites, which provide an environment to share apps, collaborate on the use of its software, and provide community-based support, as well as offers application programming interfaces and software development kits. Additionally, it offers maintenance and customer support, training, and consulting and implementation services. The company serves cloud and online services, education, financial services, government, healthcare/pharmaceuticals, industrials/manufacturing, media/entertainment, retail/ecommerce, technology, and telecommunications industries. Splunk Inc. was incorporated in 2003 and is headquartered in San Francisco, California.

Mentor Graphics Corporation (MENT) saw its value decrease by -0.05% as the stock dropped $-0.02 to finish the day at a closing price of $36.91. The stock was lighter in trading and has fluctuated between $16.88-$37.03 per share for the past year. The shares, which traded within a range of $36.86 to $36.92 during the day, are up by 25.78% in the past three months and up by 71.79% over the past six months. It is currently trading -0.04% below its 20 day moving average and 0.3% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $37.25 a share over the next twelve months. The current relative strength index (RSI) reading is 54.34. The technical indicator lead us to believe there will be no major movement any time soon, hold.

Mentor Graphics Corporation provides electronic design automation software and hardware solutions to design, analyze, and test electro-mechanical systems, electronic hardware, and embedded systems software worldwide. It offers printed circuit boards; Mentor Graphics Scalable Verification tools; Questa platform to verify systems and integrated circuits (ICs); FastSPICE, Eldo, and ADVance MS analog/mixed signal simulation tools; and Veloce hardware emulation system. The company also provides Calibre DRC and Calibre LVS-H physical verification tools; Calibre xRC and xACT transistor-level extraction and device modeling tools; Calibre resolution enhancement technology tools; Calibre OPCverify tool to check and report the mask pattern corrections; Calibre RET tools; Calibre LFD for manufacturing (DFM) area; Calibre CMPAnalyzer tool; Calibre MPCpro for systematic errors; Calibre nmMPC; Calibre PERC to check electrical design of an IC; Tessent suite of integrated silicon test products; Olympus-SoC place and route product; Calibre InRoute design and verification platform; and Oasys-RTL tool. In addition, it offers PCB-FPGA Systems Design software; products for DFM and manufacturing execution systems; FloEFD three-dimensional computational fluid dynamics and heat transfer analysis tool; FloTHERM three-dimensional computational fluid dynamics software; Flowmaster one-dimensional computational fluid dynamics analysis software; and MicReD T3Ster temperature measurement system. Further, the company provides software, tools, and professional engineering services; and methodology development, enterprise integration, and deployment services. It sells and licenses its products through direct sales force, distributors, and sales representatives to the communications, computer, consumer electronics, semiconductor, networking, multimedia, military and aerospace, and transportation industries. Mentor Graphics Corporation was founded in 1981 and is headquartered in Wilsonville, Oregon.

 

3 Stocks in Focus: Zions Bancorporation (ZION), Myriad Genetics, Inc. (MYGN), The Dun & Bradstreet Corporation (DNB)

Zions Bancorporation (ZION) climbed 2.32% during last trading as the stock added $0.98 to finish the day at $43.15 with about 2.01M shares changing hands, compared to its three month average trading volume of 2.91M. The $8.75B market cap company, which fluctuated between $42.25 and $43.21 during the day, currently situated 121.83% above its 52 week low of $20.08 and -2.66% away from its one year high of $44.33. The RSI of 52.21 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Zions Bancorporation, a financial holding company, provides a range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; and residential mortgage servicing and lending. It also provides trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services. In addition, the company offers personal banking services to individuals, including home mortgages, bankcards, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit of various types and maturities, safe deposit facilities, direct deposits, and Internet and mobile banking services. Further, it provides online and traditional brokerage services; small business administration and secondary market agricultural real estate mortgage loans; and bond transfer, stock transfer, and escrow services for corporate customers. As of December 31, 2015, the company operated 450 domestic branches. Zions Bancorporation was founded in 1873 and is headquartered in Salt Lake City, Utah.

Myriad Genetics, Inc. (MYGN) dropped $-0.38 to close the day at a new closing price of $16.14, a -2.3% decrease in value from its previous closing price that moved the stock 6.53% above its 52 week low of $15.15. A total of 1.99M shares exchanged hands during the day compared with its three month average trading volume of 1.18M. The stock, which fluctuated between $15.71 and $16.55 during the day, currently situated -59.39% below its 52 week high. The stock is down by -7.67% in the past one month and down by -3.41% over the past three months. With a one year target estimate of $19.75 and RSI of 48.96, the stock still has upside potential, making it a hold for now.

Myriad Genetics, Inc., a personalized medicine company, focuses on the development and marketing of predictive, personalized, and prognostic medicine tests worldwide. It operates through two segments, Diagnostics and Other. The Diagnostics segment primarily provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease; identify a patient’s likelihood of responding to drug therapy; guide a patient’s dosing to ensure optimal treatment; and assess a patient’s risk of disease progression and disease recurrence. The Other segment provides testing products and services to the pharmaceutical, biotechnology, and medical research industries; and research and development, and clinical services for patients. Its molecular diagnostic DNA sequencing tests include myRisk Hereditary cancer, a test for hereditary cancers; BRACAnalysis and BART, which are tests for hereditary breast and ovarian cancers; BRACAnalysis CDx test for use in identifying ovarian cancer patients with suspected deleterious germline; and Tumor BRACAnalysis CDx test that is used to predict DNA damaging agents, such as platinum based chemotherapy agents and poly ADP ribose inhibitors. The company also provides COLARIS test for colorectal and uterine cancers; COLARIS AP test for colorectal cancer; Vectra DA protein detection test for assessing the disease activity of rheumatoid arthritis; Prolaris, a RNA expression test for prostate cancer; EndoPredict RNA expression test for breast cancer; myPath Melanoma RNA expression test for diagnosing melanoma; myChoice homologous recombination deficiency (HRD) test to measure three modes of HRD; and myPlan lung cancer, an RNA expression test for lung cancer. Myriad Genetics, Inc. has collaboration with AstraZeneca for the development of an indication for BRACAnalysis CDx. The company was founded in 1991 and is headquartered in Salt Lake City, Utah.

The Dun & Bradstreet Corporation (DNB) had a light trading with around 1.99M shares changing hands compared to its three month average trading volume of 229.02K. The stock traded between $100.46 and $113.01 before closing at the price of $101.88 with -16.81% change on the day. The Short Hills New Jersey 07078 based company is currently trading 20.46% above its 52 week low of $89.76 and -27.5% below its 52 week high of $141.57. Both the RSI indicator and target price of 15.49 and $125.14 respectively, lead us to believe that it could rise over the coming weeks.

The Dun & Bradstreet Corporation provides commercial data, analytics, and insights on businesses worldwide. It offers risk management solutions, including DNBi and D&B Credit, which are subscription based online applications that provide customers real time access to global information, monitoring, and portfolio analysis; various business information reports; D&B Direct, an application programming interface that enables data integration inside enterprise resource planning applications, and master data management and toolkit; credit monitoring solutions; Supplier Risk Manager, an online application, which helps businesses to mitigate supply chain risk; and Onboard and Compliance Check that are online applications that help customers comply with anti-money laundering, as well as operates OneSource sales and marketing intelligence software platform. The company also offers sales and marketing solutions, such as customer data integration solutions to clean, identify, link, and enrich customer information; D&B Optimizer solution that transforms customer prospects and data into commercial insight; Hoover’s that provides information on public and private companies, industries and executives, sales, and marketing and research professionals; market insight tools that enable customers to understand existing customers in order to create campaigns to cross-sell new business; professional contact tools that offer various ways to reach active domestic contacts with intelligence about the companies they work for; and D&B360 that helps customer relationship management customers to manage their data, increase sales, and enhance customer engagement; and various other marketing solutions. It serves manufacturers, wholesalers, and retailers in banking, technology, telecommunication, government, and insurance fields; and sales, marketing, and business development professionals. The Dun & Bradstreet Corporation was founded in 1841 and is headquartered in Short Hills, New Jersey.

 

Three Movers to Watch for: Cognizant Technology Solutions Corporation (CTSH), Cisco Systems, Inc. (CSCO), Pfizer Inc. (PFE)

Cognizant Technology Solutions Corporation (CTSH) grew with the stock adding 4.95% or $2.66 to close at $56.45 on light trading volume of 20.66M compared its three months average trading volume of 6.36M. The Teaneck New Jersey 07666 based company operating under the Business Software & Services industry has been trending up for the last 52 weeks, with the shares price now 7.87% up for the period and up by 0.75% so far this year. With price target of $63.81 and a 24.23% rebound from 52-week low, Cognizant Technology Solutions Corporation has plenty of upside potential, making it a hold with a view buy.

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

Cisco Systems, Inc. (CSCO) dropped $-0.18 to close the day at a new closing price of $31.27, a -0.57% decrease in value from its previous closing price that moved the stock 44.18% above its 52 week low of $24.09. A total of 20.37M shares exchanged hands during the day compared with its three month average trading volume of 22.71M. The stock, which fluctuated between $31.25 and $31.55 during the day, currently situated -1.17% below its 52 week high. The stock is up by 3.61% in the past one month and up by 1.93% over the past three months. With a one year target estimate of $33.26 and RSI of 65.29, the stock still has upside potential, making it a hold for now.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. It provides switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. The company also offers service provider video infrastructure, including set-top boxes, cable/telecommunications access products, and cable modems; and video software and solutions. In addition, it provides collaboration products comprising unified communications products, conferencing products, collaboration endpoints, and business messaging products; data center products, such as blade and rack servers, modular servers, fabric interconnects, software, and server access virtualization solutions; security products, including network and data center security, advanced threat protection, Web and email security, access and policy, unified threat management, and advisory, integration, and managed services; and other products, such as emerging technologies and other networking products. Further, the company offers wireless products consisting of wireless access points; network managed services; and standalone, switch-converged, and cloud managed solutions. Additionally, it provides technical support services and advanced services. The company serves businesses of various sizes, public institutions, governments, and communications service providers. Cisco Systems, Inc. sells its products directly, as well as through channel partners, such as systems integrators, service providers, other resellers, and distributors. The company was founded in 1984 and is headquartered in San Jose, California.

Pfizer Inc. (PFE) shares were up in last trading by 0.19% to $32.14. It experienced lighter than average volume on day. The stock increased in value by almost 1.48% over the past week and fell -3% in the past month. It is currently trading 0.79% above its 50 day moving average and -2.43% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -11.57% decrease in value from its one year high of $37.39. The RSI indicator value of 59.54, lead us to believe that it is a hold for now.

Pfizer Inc. discovers, develops, manufactures, and sells healthcare products worldwide. It operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments. The GIP segment develops and commercializes medicines for various therapeutic areas, including inflammation/immunology, cardiovascular/metabolic, neuroscience/pain, and rare diseases. The VOC segment develops and commercializes vaccines, as well as products for oncology and consumer healthcare. It provides over-the-counter products comprising dietary supplements under the Centrum, Caltrate, and Emergen-C brands; pain management products under the Advil and ThermaCare brands; gastrointestinal products under the Nexium 24HR/Nexium Control and Preparation H brands; and respiratory and personal care products under the brand names of Robitussin, Advil Cold & Sinus, Advil Sinus Congestion Relief & Pain, Dimetapp, and ChapStick. The GEP segment offers products that have lost marketing exclusivity in various markets; and branded generics, generic sterile injectable products, biosimilars, infusion systems, and other products. The company serves wholesalers, retailers, hospitals, clinics, government agencies, pharmacies, and individual provider offices, as well as centers for disease control and prevention. It has licensing agreements with Cellectis SA and AstraZeneca PLC; collaborative agreements with Eli Lilly & Company, OPKO Health, Inc., BioRap Technologies LTD., Merck KGaA, Transgene S.A., Edelris SAS, IGNITE Immunotherapy Inc., and AbCellera Biologics Inc.; and a research and development agreement with the National Cancer Institute. The company has a partnership with The University of Pittsburgh. Pfizer Inc. was founded in 1849 and is headquartered in New York, New York.

 

Worth Watching Stocks: Host Hotels & Resorts, Inc. (HST), Bristol-Myers Squibb Company (BMY), Activision Blizzard, Inc. (ATVI)

Host Hotels & Resorts, Inc. (HST) saw its value increase by 1.78% as the stock gained $0.32 to finish the day at a closing price of $18.33. The stock was higher in trading and has fluctuated between $13.66-$19.51 per share for the past year. The shares, which traded within a range of $17.86 to $18.39 during the day, are up by 18.24% in the past three months and up by 3.49% over the past six months. It is currently trading 0.86% above its 20 day moving average and 0.11% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $18.18 a share over the next twelve months. The current relative strength index (RSI) reading is 51.14.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. It also invests in Canada, Mexico, Chile, the United Kingdom, Italy, Spain, and Poland. The firm primarily invests in luxury and upper upscale hotels. It was formerly known as Host Marriott Corporation. Host Hotels & Resorts, Inc. was founded in 1927 and is based in Bethesda, Maryland.

Bristol-Myers Squibb Company (BMY) shares were up in last trading by 0.66% to $52. It experienced lighter than average volume on day. The stock increased in value by almost 5.5% over the past week and fell -12.94% in the past month. It is currently trading -6.03% below its 50 day moving average and -14.72% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -31.66% decrease in value from its one year high of $77.12. The RSI indicator value of 48.41, lead us to believe that it is a hold for now.

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, and distributes biopharmaceutical products worldwide. It offers chemically-synthesized drug or small molecule, and biologic in various therapeutic areas, including virology comprising human immunodeficiency virus infection (HIV); oncology; immunoscience; cardiovascular; and neuroscience. Its products include Baraclude for the treatment of chronic hepatitis B virus infection; Daklinza and Sunvepra for the treatment of hepatitis C virus infection; Reyataz and Sustiva for the treatment of HIV; Empliciti, a humanized monoclonal antibody for the treatment of multiple myeloma; Erbitux, an IgG1 monoclonal antibody that blocks the epidermal growth factor receptor; Opdivo, a fully human monoclonal antibody for non-small cell lung and renal cell cancer, and melanoma; Sprycel, a tyrosine kinase inhibitor for the treatment of adults with Philadelphia chromosome-positive chronic myeloid leukemia; Yervoy, a monoclonal antibody for metastatic melanoma; Abilify, an antipsychotic agent for adults with schizophrenia, bipolar mania disorder, and depressive disorder; Orencia to treat rheumatoid arthritis; and Eliquis, an oral factor Xa inhibitor targeted at stroke prevention in atrial fibrillation. Its products pipeline includes Beclabuvir, a non-nucleoside NS5B inhibitor for the treatment of HCV; BMS-663068, an investigational compound that is being studied in HIV-1; and Prostvac, a Phase III prostate-specific antigen to treat asymptomatic or minimally symptomatic metastatic castration-resistant prostate cancer. The company has clinical trial collaborations with Calithera Biosciences, Inc. and Janssen Biotech, Inc.; and a research collaboration with GeneCentric Diagnostics, Inc. The company was formerly known as Bristol-Myers Company and changed its name to Bristol-Myers Squibb Company in 1989. Bristol-Myers Squibb Company was founded in 1887 and is headquartered in New York, New York.

Activision Blizzard, Inc. (ATVI) traded within a range of $39.15 to $40.12 after opening the day at $40.1. The company has seen its stock increase in value by 8.53% so far this year. The stock was down close to -2.15% on active volume in last trading session and closed at $39.19 per share. After the recent fall, the stock is currently holding -13.96% below its 52 week high of $45.55 and 49.15% above its 12-month low of $26.49. The shares are down by over -4.62% in the last three months, and the RSI indicator value of 50.67 is neither bullish nor bearish, tempting investors to stay on the sidelines.

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

 

Stocks in Focus: MetLife, Inc. (MET), Newmont Mining Corporation (NEM), Ally Financial Inc. (ALLY)

MetLife, Inc. (MET) had a light trading with around 6.3M shares changing hands compared to its three month average trading volume of 6.58M. The stock traded between $51.09 and $51.64 before closing at the price of $51.39 with -0.56% change on the day. The New York New York 10166 based company is currently trading 51.97% above its 52 week low of $35 and -10.88% below its 52 week high of $58.09. Both the RSI indicator and target price of 32.51 and $60.14 respectively, lead us to believe that it should be put on hold over the coming weeks.

MetLife, Inc. provides life insurance, annuities, employee benefits, and asset management products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa. The company provides variable, universal, term, and whole life products; individual disability income products; personal lines property and casualty insurance, including private passenger automobile, homeowners, and personal excess liability insurance; and variable and fixed annuities for asset accumulation and distribution needs, as well as mutual funds and other securities products. It also offers group insurance products, such as variable, universal, and term life products; dental, group short- and long-term disability, and accidental death and dismemberment coverages; and voluntary and worksite products consisting of personal lines property and casualty insurance, as well as LTC, prepaid legal plans, and critical illness products. In addition, the company provides annuity and investment products comprising guaranteed interest products and other stable value products, income annuities, and separate account contracts for the investment management of defined benefit and defined contribution plan assets; and structured settlements and products to fund postretirement benefits and company-, bank- or trust-owned life insurance, as well as health insurance, group medical, credit insurance, endowment, retirement, and savings products. It serves individuals and corporations, as well as other institutions and their employees. The company sells its products through sales forces, third-party organizations, independent agents, and property and casualty specialists, as well as through career agency, bancassurance, direct marketing, brokerage, and e-commerce channels. MetLife, Inc. was founded in 1863 and is based in New York, New York.

Newmont Mining Corporation (NEM) managed to rebound with the stock climbing 1.42% or $0.53 to close the day at $37.85 on light trading volume of 6.18M shares, compared to its three month average trading volume of 8.14M. The Greenwood Village Colorado 80111 based company has been outperforming the gold group over the past 52 weeks, with the stock gaining 56.35%, compared to the industry which has advanced 6.38% over the same period. With RSI of 63.48, the stock should still continue to rise and get closer to its one year target estimate of $39.88, making it a hold for now.

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

Ally Financial Inc. (ALLY) shares were down in last trading by -1.1% to $22.55. It experienced higher than average volume on day. The stock increased in value by almost 4.4% over the past week and grew 14.18% in the past month. It is currently trading 12.89% above its 50 day moving average and 20.94% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -1.18% decrease in value from its one year high of $22.82. The RSI indicator value of 73.98, lead us to believe that it may reverse gains in the near term.

Ally Financial Inc., a diversified financial services company, provides a range of financial products and services primarily to automotive dealers and their retail customers in the United States. It offers dealer financial services, including a range of financial services and insurance products to automotive dealers and retail customers. The company also provides automotive finance services for dealers, such as new and used vehicle inventory financing; inventory insurance; term loans, including real estate and working capital loans; and vehicle remarketing services, as well as vehicle service contracts (VCSs) and guaranteed automobile protection (GAP) products. In addition, it offers retail automotive financing for new and used vehicles, and leasing for new vehicles; consumer finance protection and insurance products, such as VSCs, maintenance coverage, and GAP products; commercial insurance products; and senior secured commercial-lending products. Further, the company, through its subsidiary, Ally Bank provides savings and money market accounts, certificates of deposit, interest-bearing checking accounts, trust accounts, and individual retirement accounts; and online and mobile banking, electronic bill pay, remote deposit, and electronic funds transfer. It also engages in the management of held-for-investment mortgage loan portfolio that includes the execution of bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.