Mark Nelson

Stocks Buzz: The Chemours Company (CC), Arconic Inc. (ARNC), Emerson Electric Co. (EMR)

The Chemours Company (CC) managed to rebound with the stock climbing 2.21% or $0.54 to close the day at $25.02 on light trading volume of 2.58M shares, compared to its three month average trading volume of 3.84M. The Wilmington Delaware 19899 based company has been outperforming the specialty chemicals group over the past 52 weeks, with the stock gaining 605.38%, compared to the industry which has advanced 31.46% over the same period. With RSI of 60.3, the stock should still continue to rise and get closer to its one year target estimate of $22.43, making it a hold for now.

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

Arconic Inc. (ARNC) grew with the stock adding 0.68% or $0.14 to close at $20.88 on light trading volume of 2.58M compared its three months average trading volume of 6.64M. The New York New York 10022 based company has been trending up for the last 52 weeks, with the shares price now 39.88% up for the period and up by 12.62% so far this year. With price target of $23.2 and a 53.55% rebound from 52-week low, Arconic Inc. has plenty of upside potential, making it a hold with a view buy.

Arconic Inc. develops and manufactures engineered products for aerospace, industrial gas turbine, commercial transportation, and oil and gas markets. It offers airfoils, fasteners, rings, forgings, extrusions, alloys, and industrial gas turbines; and titanium aero ingots and mill products, as well as multi-material airframe subassemblies, technologies, and materials, such as 3D printing and titanium aluminides. The company also provides aluminum sheets and plates for the aerospace, automotive, commercial transportation, brazing, and industrial markets. In addition, it provides forged aluminum truck wheels and other transportation products; aluminum curtain walls and front entry systems, including self-cleaning facades, and blast proof and hurricane resistant entrances for building and construction markets; and extrusions for trains, buildings, and various industrial applications. The company was founded in 2016 and is based in New York, New York.

Emerson Electric Co. (EMR) managed to rebound with the stock climbing 1.62% or $0.91 to close the day at $57.22 on lower than average trading volume of 2.58M shares, compared to its three month average trading volume of 3.61M. The St. Louis Missouri 63136 based company has been outperforming the industrial electrical equipment companies by 16.144% for last three months and its recent gains have pushed the stock slightly up 2.64% YTD, versus the industrial electrical equipment industry which is up 2.25% for the same period. The RSI of 55.09 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Emerson Electric Co. designs and manufactures products, and delivers services to industrial, commercial, and consumer markets worldwide. The company’s Process Management segment offers systems and software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; and digital plant architecture solutions. It also provides consulting services for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs and plants. This segment serves oil and gas, refining, chemicals, power generation, pharmaceuticals, food and beverages, pulp and paper, metal and mining, and municipal water supplies markets. Its Industrial Automation segment provides fluid power and control products; electrical distribution equipment; and materials joining and precision cleaning products, as well as hermetic motors. The company’s Climate Technologies segment supplies compressors, temperature sensors and controls, thermostats, flow controls, and remote monitoring technology and services to residential heating and cooling, commercial air conditioning, commercial and industrial refrigeration, and marine control areas. Its Commercial & Residential Solutions segment provides tools for professionals and homeowners; home storage systems; and appliance solutions. The company was formerly known as The Emerson Electric Manufacturing Company and changed its name to Emerson Electric Co. in 2000. Emerson Electric Co. was founded in 1890 and is headquartered in St. Louis, Missouri.

 

Stocks Under Consideration: Plug Power Inc. (PLUG), CarMax Inc. (KMX), Cousins Properties Incorporated (CUZ)

Plug Power Inc. (PLUG) retreated with the stock falling -1.6% or $-0.02 to close at $1.23 on light trading volume of 2.27M compared its three months average trading volume of 3.08M. The Latham New York 12110 based company operating under the Diversified Electronics industry has been trending down for the last 52 weeks, with the shares price now -19.61% down for the period and up by 2.5% so far this year. With price target of $2.34 and a 4.24% rebound from 52-week low, Plug Power Inc. has plenty of upside potential, making it a hold with a view buy.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the material handling and stationary power market in the United States. The company focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies. Its product line includes GenKey, a turn-key solution for transitioning material handling vehicles to fuel cell power; GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling vehicles; GenFuel, a hydrogen fueling delivery system; GenCare, which is an ongoing maintenance program for GenDrive fuel cells and GenFuel products; ReliOn, a stationary fuel cell solution that provides scalable and modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; and GenFund, which offers financing solutions to customers. The company sells its products to businesses and government agencies through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.

CarMax Inc. (KMX) had a light trading with around 2.27M shares changing hands compared to its three month average trading volume of 2.29M. The stock traded between $65.22 and $66.39 before closing at the price of $65.68 with -1.19% change on the day. The Richmond Virginia 23238 based company is currently trading 59.22% above its 52 week low of $41.25 and -3.5% below its 52 week high of $68.06. Both the RSI indicator and target price of  and $67.4 respectively, lead us to believe that it could rise over the coming weeks.

CarMax Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to customers at the time of sale. The company also offers reconditioning and vehicle repair services; and provides financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with other financial institutions. In addition, it sells new vehicles under franchise agreements. As of December 20, 2016, the company operated 169 used car stores in 39 states. The company was founded in 1993 and is based in Richmond, Virginia.

Cousins Properties Incorporated (CUZ) saw its value decrease by -0.24% as the stock dropped $-0.02 to finish the day at a closing price of $8.32. The stock was lighter in trading and has fluctuated between $5.31-$8.65 per share for the past year. The shares, which traded within a range of $8.29 to $8.42 during the day, are up by 5.94% in the past three months and up by 9.17% over the past six months. It is currently trading 0.13% above its 20 day moving average and 3.64% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $8.5 a share over the next twelve months. The current relative strength index (RSI) reading is 54.5.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Cousins Properties Incorporated, a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, as well as performs certain real estate-related services in the United States. The company operates through four divisions: Office/Multi-Family, Retail, Industrial, and Land. The Office/Multi-Family division develops and manages office projects primarily in Austin, Dallas, Charlotte, Birmingham, and Atlanta; develops and sells multi-family projects in urban locations in the southeastern United States; and manages and leases office properties owned by third parties. It also develops mixed use projects that contain multiple product types in communities where individuals live, work, and seek entertainment. As of December 31, 2006, this division owned interests in 20 operating office properties; and had 5 office or multi-family projects under development or redevelopment. The Retail division develops and manages retail shopping centers principally in Georgia, Tennessee, North Carolina, Texas, and Florida. As of the above date, this division owned 10 operating retail properties; and had 3 projects and 1 expansion under development. The Industrial division develops institutional warehouse and distribution properties in the metropolitan Atlanta area and the Dallas market. As of December 31, 2006, this division owned one operating industrial property and three projects under development. The Land division engages in the acquisition and entitlement of land, the development and sale of residential lots, and the acquisition and sale of certain undeveloped tracts of land to third parties. As of the above date, this division had 24 residential communities under development. The company qualifies as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Cousins Properties was founded in 1958 and is based in Atlanta, Georgia.

 

Traders Recap: Sunoco Logistics Partners L.P. (SXL), GameStop Corp. (GME), Amkor Technology, Inc. (AMKR)

Sunoco Logistics Partners L.P. (SXL) failed to extend gains with the stock declining -2.84% or $-0.7 to close the day at $23.94 on lower than average trading volume of 2.19M shares, compared to its three month average trading volume of 2.69M. The Newtown Square Pennsylvania 19073 based company has been outperforming the oil & gas pipelines companies by -8.0946% for last three months and its recent losses have pulled the stock down -0.33% YTD, versus the oil & gas pipelines industry which is up 1.49% for the same period. The RSI of 44.25 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Sunoco Logistics Partners L.P. transports, terminals, and stores crude oil, refined products, and natural gas liquids (NGLs). Its Crude Oil segment provides transportation, terminalling, and acquisition and marketing services to crude oil markets in the southwest, Midwest, and northeastern United States. It contains approximately 5,900 miles of crude oil trunk and gathering pipelines; and has interests in 3 crude oil pipelines. The segment also operates with an aggregate storage capacity of approximately 28 million barrels, including approximately 24 million barrels in Nederland, Texas; and approximately 3 million barrels in Pennsylvania. The Natural Gas Liquids segment offers transportation, storing, and acquisition and marketing activities that include pipelines, storage and blending facilities, and strategic off-take locations that provide access to multiple NGLs markets. It contains approximately 900 miles of NGLs pipelines located in the northeast and southwest United States. The segment operates with storage capacity of approximately 5 million barrels, including approximately 1 million barrels in Texas; and 3 million barrels in Pennsylvania. It also engages in blending activities. The Refined Products segment provides transportation and terminalling services in the northeast, Midwest, and southeast United States. It operates approximately 1,800 miles of refined products pipelines; 40 active refined products marketing terminals; and storage capacity of approximately 8 million barrels. Sunoco Partners LLC serves as the general partner of the company. The company was founded in 2001 and is based in Newtown Square, Pennsylvania.

GameStop Corp. (GME) had a light trading with around 2.18M shares changing hands compared to its three month average trading volume of 2.8M. The stock traded between $22.9 and $23.61 before closing at the price of $23.49 with 0.64% change on the day. The Grapevine Texas 76051 based company is currently trading 18.61% above its 52 week low of $20.1 and -27.43% below its 52 week high of $33.72. Both the RSI indicator and target price of 41.25 and $27.76 respectively, lead us to believe that it should be put on hold over the coming weeks.

GameStop Corp. operates as an omnichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, including downloadable content, network points cards, prepaid digital and subscription cards, and digitally downloadable software. The company also sells mobile and consumer electronics, including smart phones, tablets, headphones, and accessories, as well as pre-owned smart phones; personal computer (PC) entertainment software in various genres, including sports, action, strategy, adventure/role playing, and simulation; and strategy guides, magazines, and gaming-related toys. In addition, it operates electronic commerce Websites comprising gamestop.com, ebgames.com.au, ebgames.co.nz, gamestop.ca, gamestop.it, gamestop.ie, gamestop.de, gamestop.co.uk, thinkgeek.com, and micromania.fr. Further, the company operates kongregate.com, a browser-based game site; Game Informer magazine, a print and digital video game publication; iOS and Android mobile applications; Simply Mac, a certified Apple consumer electronic products reseller; and Spring Mobile, an authorized AT&T reseller operating pre-paid wireless stores under the Cricket Wireless name that offers prepaid services, devices, and accessories. As of January 30, 2016, it operated approximately 7,117 stores in the United States, Australia, Canada, and Europe. GameStop Corp. primarily offers its products under the GameStop, EB Games, and Micromania names. The company, formerly known as GSC Holdings Corp., was founded in 1994 and is headquartered in Grapevine, Texas.

Amkor Technology, Inc. (AMKR) opening the day at $9.9. The company has seen its stock decrease in value by -6.54% so far this year. The stock was up close to 0.72% on active volume in last trading session and closed at $9.86 per share. After the recent gain, the stock is currently holding -20.99% below its 52 week high of $12.48 and 141.08% above its 12-month low of $4.09. The shares are up by over 5.68% in the last three months, and the RSI indicator value of 34.33 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer backgrinds, package design, packaging, and test and drop shipment services. Its packages employ wirebond, flip chip, and copper clip interconnect technologies. The company also provides semiconductor testing services, such as wafer testing or probe, and final test services; flip chip chip scale package products for use in smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory, and as applications processors in mobile devices; flip chip ball grid array (BGA) products for various networking, storage, computing, and consumer applications; and flip chip molded BGA packages. In addition, it offers leadframe packages that are used in electronic devices for low to medium pin count applications; substrate-based wirebond packages that are used to connect a die to a substrate; micro-electro-mechanical systems packages that are miniaturized mechanical and electro-mechanical devices; and system-in-package modules, which are used in RF and front end modules, baseband processing, connectivity, fingerprint sensors, display and touch screen drivers, sensors and MEMS, and NAND memory and solid state drives. The company primarily serves integrated device manufacturers, fabless semiconductor companies, and contract foundries, as well as communications, consumer, networking, computing, and automotive and industrial markets. Amkor Technology, Inc. was founded in 1968 and is headquartered in Tempe, Arizona.

 

Stocks Trend Analysis: General Mills, Inc. (GIS), Clovis Oncology, Inc. (CLVS), The Progressive Corporation (PGR)

General Mills, Inc. (GIS) continued its upward trend with the stock climbing 0.16% or $0.1 to close the day at $62.08 on light trading volume of 2.12M shares, compared to its three month average trading volume of 2.98M. The Minneapolis Minnesota 55426 based company has been outperforming the processed & packaged goods group over the past 52 weeks, with the stock gaining 15.34%, compared to the industry which has advanced 15.98% over the same period. With RSI of 55.03, the stock should still continue to rise and get closer to its one year target estimate of $64, making it a hold for now.

General Mills, Inc. manufactures and markets branded consumer foods in the United States. It operates in three segments: U.S. Retail, International, and Convenience Stores and Foodservice. The company offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain and fruit and savory snacks, stable and frozen vegetables, and ice cream and frozen desserts, as well as various organic products, including meal kits, granola bars, and cereal. The company markets its products under the Annie’s, Betty Crocker, Bisquick, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto’s, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Helpers, Jeno’s, Jus-Rol, Kitano, Kix, La Salteña, Lärabar, Latina, Liberté, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino’s, Trix, Wanchai Ferry, Wheaties, Yoki, and Yoplait names. General Mills, Inc. also supplies branded and unbranded food products to the foodservice and commercial baking industries. It sells its products directly, as well as through broker and distribution arrangements to grocery stores, mass merchandisers, membership stores, natural food chains, e-commerce grocery providers, commercial and noncommercial foodservice distributors and operators, restaurants, and convenience stores, as well as drug, dollar, and discount chains. The company operates 530 ice cream parlors; and franchises 344 branded ice cream parlors. General Mills, Inc. also exports its products primarily to Caribbean and Latin American markets. The company was founded in 1928 and is headquartered in Minneapolis, Minnesota.

Clovis Oncology, Inc. (CLVS) grew with the stock adding 0.64% or $0.36 to close at $56.62 on light trading volume of 2.12M compared its three months average trading volume of 2.15M. The Boulder Colorado 80301 based company operating under the Biotechnology industry has been trending up for the last 52 weeks, with the shares price now 159.61% up for the period and up by 27.47% so far this year. With price target of $46.89 and a 389.37% rebound from 52-week low, Clovis Oncology, Inc. has plenty of upside potential, making it a hold with a view buy.

Clovis Oncology, Inc., a biopharmaceutical company, focuses on acquiring, developing, and commercializing anti-cancer agents in the United States, Europe, and internationally. It is developing three product candidates, which include Rociletinib, an oral epidermal growth factor receptor and mutant-selective covalent inhibitor that is under review with the U.S. and E.U. regulatory authorities for the treatment of non-small cell lung cancer; Rucaparib, an oral inhibitor of poly polymerase, which is in advanced clinical development for the treatment of ovarian cancer; and Lucitanib, an oral inhibitor of the tyrosine kinase that is in Phase II development for the treatment of breast cancers. It has license agreements with Advenchen Laboratories LLC, Avila Therapeutics, Inc., and Pfizer Inc.; collaboration and license agreement with Les Laboratoires Servier; a drug discovery collaboration agreement with Array BioPharma Inc.; and collaboration with Foundation Medicine, Inc. Clovis Oncology, Inc. was founded in 2009 and is headquartered in Boulder, Colorado.

The Progressive Corporation (PGR) managed to rebound with the stock climbing 1.03% or $0.37 to close the day at $36.35 on lower than average trading volume of 2.11M shares, compared to its three month average trading volume of 2.87M. The Mayfield Village Ohio 44143 based company has been outperforming the property & casualty insurance companies by 11.8743% for last three months and its recent gains have pushed the stock slightly up 2.39% YTD, versus the property & casualty insurance industry which is down -0.86% for the same period. The RSI of 67.6 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

The Progressive Corporation, through its subsidiaries, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. This segment’s products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles. The company’s Commercial Lines segment provides primary liability, physical damage, and other auto-related insurance for autos, vans, and pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; tow trucks and wreckers used in towing services and gas/service station businesses; and non-fleet taxis, black-car services, and airport taxis. Its Property segment provides personal and commercial property insurance, personal umbrella insurance, and primary and excess flood insurance products for homeowners, other property owners, and renters. The company also offers policy issuance and claims adjusting services for the commercial auto insurance procedures/plans; home, condominium, and renters insurance; and general liability and business owners policies, and workers’ compensation insurance, as well as sells personal auto physical damage and property damage liability insurance in Australia. The Progressive Corporation sells its products and services through independent insurance agencies, as well as directly on the Internet, mobile devices, and over the phone. The company was founded in 1937 and is headquartered in Mayfield Village, Ohio.

 

Three Movers to Watch for: Skechers U.S.A., Inc. (SKX), United Rentals, Inc. (URI), United Parcel Service, Inc. (UPS)

Skechers U.S.A., Inc. (SKX) retreated with the stock falling -0.16% or $-0.04 to close at $25.23 on light trading volume of 2.07M compared its three months average trading volume of 2.84M. The Manhattan Beach California 90266 based company operating under the Textile – Apparel Footwear & Accessories industry has been trending down for the last 52 weeks, with the shares price now -7.62% down for the period and up by 2.64% so far this year. With price target of $26.56 and a 34.13% rebound from 52-week low, Skechers U.S.A., Inc. has plenty of upside potential, making it a hold with a view buy.

Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand name worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual footwear, including boots, shoes, and sandals for men, as well as oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, and relaxed fit casuals for men and women; and casual fusion line for young men and women under the Skechers USA brand. It also provides footwear collection for men and women, including lightweight sport athletic lifestyle products, classic athletic-inspired styles, and sport sandals and boots under the Skechers Sport brand name; casual and sporty styles sneakers for females under the Skechers Active and Skechers Sport Active brand; and footwear for women and girls under the BOBS from Skechers name. In addition, the company offers casual, dress, and active styles, as well as casual sneakers for men under the Mark Nason name; technical footwear under the Skechers Performance brand; and boots, shoes, sneakers, and sandals for infants, toddlers, boys, and girls under the Skechers Kids name. Further, it provides men’s and women’s casuals, such as field boots, hikers, and athletic shoes under the Skechers Work brand. The company sells its products through approximately 1,545 company-owned and third-party retail stores; and department and specialty stores, as well as through its e-commerce Website in approximately 160 countries and territories. Skechers U.S.A., Inc. was founded in 1992 and is headquartered in Manhattan Beach, California.

United Rentals, Inc. (URI) gained $3.79 to close the day at a new closing price of $111.02, a 3.53% increase in value from its previous closing price that moved the stock 164.96% above its 52 week low of $41.9. A total of 2.07M shares exchanged hands during the day compared with its three month average trading volume of 1.94M. The stock, which fluctuated between $107.09 and $111.3 during the day, currently situated -0.71% below its 52 week high. The stock is up by 3.62% in the past one month and up by 46.66% over the past three months. With a one year target estimate of $104.93 and RSI of 62.57, the stock still has upside potential, making it a hold for now.

United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools. This segment serves construction and industrial companies, manufacturers, utilities, municipalities, and homeowners. The Trench, Power, and Pump segment is involved in the rental of specialty construction products, including trench safety equipment, such as trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; power and HVAC equipment, which consists of portable diesel generators, electrical distribution equipment, and temperature control equipment; and pumps primarily used by energy and petrochemical customers. It serves construction companies involved in infrastructure projects, municipalities, and industrial companies. The company also sells new equipment, such as aerial lifts, reach forklifts, telehandlers, compressors, and generators; contractor supplies, including construction consumables, tools, small equipment, and safety supplies; and parts for equipment that are owned by the company’s customers, as well as provides repair and maintenance services. It sells its used equipment through its sales force, brokers, and Website, as well as at auctions and directly to manufacturers. As of February 18, 2016, the company operated 897 rental locations in the United States and Canada. United Rentals, Inc. was founded in 1997 and is headquartered in Stamford, Connecticut.

United Parcel Service, Inc. (UPS) shares were up in last trading by 0.78% to $114.96. It experienced lighter than average volume on day. The stock increased in value by almost 0.91% over the past week and fell -1.98% in the past month. It is currently trading -0.08% below its 50 day moving average and 6.51% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -4.55% decrease in value from its one year high of $120.44. The RSI indicator value of 49.79, lead us to believe that it is a hold for now.

United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services in Europe, the Asia Pacific, Canada and Latin America, the Indian sub-continent, the Middle East, and Africa. It offers guaranteed time-definite express options, including Express Plus, Express, and Express Saver. The Supply Chain & Freight segment offers international air and ocean freight forwarding, customs brokerage, truckload freight brokerage, distribution and post-sales services, and mail and consulting services in approximately 220 countries and territories; and less-than-truckload and truckload services to customers in North America. The company also offers shipping, visibility, and billing technologies; and insurance, financing, and payment services. It operates a fleet of approximately 110,000 package cars, vans, tractors, and motorcycles; and owns 33,000 containers used to transport cargo in its aircraft. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.

 

Stocks In Queue: Transgenomic, Inc. (TBIO), McDonald’s Corporation (MCD), People’s United Financial, Inc. (PBCT)

Transgenomic, Inc. (TBIO) fell -13.95% during last trading as the stock lost $-0.12 to finish the day at $0.74 with about 3.39M shares changing hands, compared to its three month average trading volume of 2.81M. The $20.99M market cap company, which fluctuated between $0.72 and $0.92 during the day, currently situated 390.07% above its 52 week low of $0.15 and -53.46% away from its one year high of $1.59. The RSI of 63.54 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Transgenomic, Inc., a biotechnology company, engages in advancing personalized medicine in the detection and treatment of cancer and inherited diseases through its proprietary molecular technologies, and clinical and research services primarily in the United States. The company provides genetic analytical laboratory services related to oncology and pharmacogenomics research services supporting Phase II and Phase III clinical trials conducted by pharmaceutical and biotechnology companies. It employs various genomic testing service technologies, including ICE COLD-PCR, a proprietary platform technology that enables detection of multiple known and unknown mutations from virtually any sample type, including tissue biopsies, blood, urine, saliva, cell-free DNA, and circulating tumor cells. The company was founded in 1997 and is headquartered in Omaha, Nebraska.

McDonald’s Corporation (MCD) dropped $-0.04 to close the day at a new closing price of $122.71, a -0.03% decrease in value from its previous closing price that moved the stock 12.23% above its 52 week low of $110.33. A total of 3.39M shares exchanged hands during the day compared with its three month average trading volume of 4.17M. The stock, which fluctuated between $121.8 and $123 during the day, currently situated -4.86% below its 52 week high. The stock is up by 0.29% in the past one month and up by 10.01% over the past three months. With a one year target estimate of $128.08 and RSI of 59.23, the stock still has upside potential, making it a hold for now.

McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company’s restaurants offer various food products, soft drinks, coffee, and other beverages. As of December 31, 2015, it operated 36,525 restaurants, including 30,081 franchised restaurants comprising 21,147 franchised to conventional franchisees, 5,529 licensed to developmental licensees, and 3,405 licensed to foreign affiliates; and 6,444 company-operated restaurants. The company has strategic partnerships with CITIC Limited, CITIC Capital, and The Carlyle Group to expand its business in Mainland China and Hong Kong. McDonald’s Corporation was founded in 1940 and is based in Oak Brook, Illinois.

People’s United Financial, Inc. (PBCT) had a light trading with around 3.36M shares changing hands compared to its three month average trading volume of 3.86M. The stock traded between $18.94 and $19.32 before closing at the price of $19.29 with 0.94% change on the day. The Bridgeport Connecticut 06604 based company is currently trading 48.02% above its 52 week low of $13.62 and -4.17% below its 52 week high of $20.13. Both the RSI indicator and target price of 50.84 and $18.39 respectively, lead us to believe that it should be put on hold over the coming weeks.

People’s United Financial, Inc. operates as the bank holding company for People’s United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial deposit gathering services. This segment also provides equipment financing; cash management, correspondent banking, and municipal banking services; and institutional trust, corporate trust, private banking, and insurance services. The Retail Banking segment offers consumer lending, including residential mortgage and home equity lending; and consumer deposit gathering services. This segment also provides brokerage, financial advisory, investment management, life insurance, and non-institutional trust services. In addition, the company offers online banking, investment trading, and telephone banking services. It operates through a network of 396 branches and 594 ATMs in Connecticut, southeastern New York, Massachusetts, Vermont, New Hampshire, and Maine. People’s United Financial, Inc. was founded in 1842 and is headquartered in Bridgeport, Connecticut.

 

Traders Recap: Groupon, Inc. (GRPN), Navient Corporation (NAVI), NIKE, Inc. (NKE)

Groupon, Inc. (GRPN) continued its downward trend with the stock declining -0.85% or $-0.03 to close the day at $3.51 on higher than average trading volume of 6.92M shares, compared to its three month average trading volume of 14.5M. The Chicago Illinois 60654 based company has been outperforming the internet information providers companies by -31.0621% for last three months and its recent losses have trimmed gains to 5.72% YTD, versus the internet information providers industry which is up 6.27% for the same period. The RSI of 42.57 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America, Europe, the Middle East, Africa, and internationally. It also provides deals on products for which it acts as the merchant of record. The company offers deals in various categories, including food and drink, events and activities, beauty and spa, health and fitness, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals. It offers its deal offerings to customers through Websites; search engines; and mobile applications and mobile browsers, which enable consumers to browse, purchase, manage, and redeem deals on their mobile devices, as well as sends emails to its subscribers with deal offerings that are targeted by location and personal preferences. The company was formerly known as ThePoint.com, Inc. and changed its name to Groupon, Inc. in October 2008. The company was founded in 2008 and is headquartered in Chicago, Illinois. Groupon, Inc. is a subsidiary of The Point, LLC.

Navient Corporation (NAVI) had a active trading with around 6.85M shares changing hands compared to its three month average trading volume of 3.44M. The stock traded between $15.06 and $16.07 before closing at the price of $16.05 with 1.78% change on the day. The Wilmington Delaware 19801 based company is currently trading 105.15% above its 52 week low of $8.2 and -9.74% below its 52 week high of $17.95. Both the RSI indicator and target price of 41.23 and $18.19 respectively, lead us to believe that it should be put on hold over the coming weeks.

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.

NIKE, Inc. (NKE) traded within a range of $52.86 to $53.89 after opening the day at $53.86. The company has seen its stock increase in value by 4.8% so far this year. The stock was down close to -0.71% on light volume in last trading session and closed at $53.27 per share. After the recent fall, the stock is currently holding -17.84% below its 52 week high of $65.44 and 9.08% above its 12-month low of $49.01. The shares are up by over 4.77% in the last three months, and the RSI indicator value of 57.94 is neither bullish nor bearish, tempting investors to stay on the sidelines.

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers products in nine categories, including running, NIKE basketball, the Jordan brand, football, men’s training, women’s training, action sports, sportswear, and golf. The company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking, and outdoor activities. In addition, it sells sports apparel; and markets apparel with licensed college and professional team and league logos. Further, the company sells a line of performance equipment, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, golf clubs, and other equipment under the NIKE brand name for sports activities; various plastic products to other manufacturers; athletic and casual footwear, apparel, and accessories under the Jumpman trademark; action sports and youth lifestyle apparel and accessories under the Hurley trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. Additionally, it licenses agreements that permit unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. The company sells its products to footwear stores, sporting goods stores, athletic specialty stores, department stores, skate, tennis and golf shops, and other retail accounts through NIKE-owned retail stores and Internet Websites (direct to consumer operations), as well as independent distributors and licensees. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.

 

Stocks in Review: Pier 1 Imports, Inc. (PIR), Steel Dynamics, Inc. (STLD), V.F. Corporation (VFC)

Pier 1 Imports, Inc. (PIR) traded within a range of $7.55 to $8.29 after opening the day at $8.16. The company has seen its stock decrease in value by -9.68% so far this year. The stock was down close to -6.36% on active volume in last trading session and closed at $7.65 per share. After the recent fall, the stock is currently holding -20.32% below its 52 week high of $9.68 and 113.68% above its 12-month low of $3.73. The shares are up by over 85.41% in the last three months, and the RSI indicator value of 43.8 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Pier 1 Imports, Inc. engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrance, gifts, and seasonal items. The company also provides furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios. Further, it supplies merchandise and licenses the Pier 1 Imports name. The company sells its products through retail stores and e-Commerce Website. As of February 27, 2016, the company operated 953 stores in the United States and 79 stores in Canada. Pier 1 Imports, Inc. was founded in 1970 and is headquartered in Fort Worth, Texas.

Steel Dynamics, Inc. (STLD) managed to rebound with the stock climbing 4.66% or $1.66 to close the day at $37.27 on active trading volume of 5.72M shares, compared to its three month average trading volume of 3.96M. The Fort Wayne Indiana 46804 based company has been outperforming the steel & iron group over the past 52 weeks, with the stock gaining 133.94%, compared to the industry which has advanced 121.22% over the same period. With RSI of 56.28, the stock should still continue to rise and get closer to its one year target estimate of $39, making it a hold for now.

Steel Dynamics, Inc., together with its subsidiaries, manufactures and sells steel products; processes and sells recycled ferrous and nonferrous metals; and fabricates and sells steel joist and deck products in the United States and internationally. The company operates through Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations segments. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market; various rail products for the railroad industry; rounds, round-cornered squares, and round engineered bars; angles, merchant rounds, flats and channels, and reinforcing bar; and beams, channels, and specialty steel sections. This segment offers its products for automotive, construction, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Metals Recycling Operations segment is involved in the purchase, process, and resale of ferrous and nonferrous scrap metals into reusable forms and grades. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. This segment also provides transportation logistics, management, marketing, brokerage, and consulting services related to the scrap industry. The Steel Fabrication Operations segment produces steel building components comprising steel joists, girders, trusses, and steel decks primarily for the non-residential construction industry. The company also produces pig and hot briquetted iron; and iron nugget products that are used in electric arc furnace steel mills. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.

V.F. Corporation (VFC) dropped $-1.24 to close the day at a new closing price of $50.9, a -2.38% decrease in value from its previous closing price that moved the stock -0.03% below its 52 week low of $50.49. A total of 5.71M shares exchanged hands during the day compared with its three month average trading volume of 3.14M. The stock, which fluctuated between $50.49 and $52.38 during the day, currently situated -22.43% below its 52 week high. The stock is down by -5.81% in the past one month and down by -5.28% over the past three months. With a one year target estimate of $59.87 and RSI of 33.52, the stock still has upside potential, making it a hold for now.

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products in the United States and Europe. The company primarily offers outdoor apparel, footwear and equipment, youth culture/action sports-inspired footwear, handbags, luggage, backpacks, totes, accessories, surfing-inspired footwear, merino wool socks, women’s activewear, and travel accessories under the The North Face, Vans, Timberland, Kipling, Napapijri, Jansport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands. It also provides denim, casual apparel, footwear, and accessories under the Wrangler, Lee, Lee Casuals, Riders by Lee, Rustler, Timber Creek by Wrangler, and Rock & Republic brands. In addition, the company offers occupational, protective occupational, athletic, licensed athletic, and licensed apparel products under the Red Kap, Bulwark, Horace Small, Majestic, MLB, NFL, and Harley-Davidson brands; sportswear apparel, luggage, and accessories under the Nautica brand; and handbags, luggage, backpacks, totes, and accessories under the Kipling brand. Further, it provides premium denim apparel, footwear, and accessories under the 7 For All Mankind, Splendid, and Ella Moss brands. The company sells its products primarily to specialty stores, department stores, national chains, and mass merchants, as well as sells through company operated stores, concession retail stores, and e-commerce sites. V.F. Corporation was founded in 1899 and is headquartered in Greensboro, North Carolina.

 

Trader’s Buzzers: The Home Depot, Inc. (HD), Dynegy Inc. (DYN), MGM Resorts International (MGM)

The Home Depot, Inc. (HD) traded within a range of $134.92 to $136.29 after opening the day at $135.9. The company has seen its stock increase in value by 1.55% so far this year. The stock was up close to 0.17% on light volume in last trading session and closed at $136.16 per share. After the recent gain, the stock is currently holding -1.02% below its 52 week high of $139 and 26.85% above its 12-month low of $109.62. The shares are up by over 9.38% in the last three months, and the RSI indicator value of 62.21 is neither bullish nor bearish, tempting investors to stay on the sidelines.

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

Dynegy Inc. (DYN) failed to extend gains with the stock declining -5.28% or $-0.55 to close the day at $9.87 on light trading volume of 3.87M shares, compared to its three month average trading volume of 4.09M. The Houston Texas 77002 based company has been underperforming the electric utilities group over the past 52 weeks, with the stock losing -9.95%, compared to the industry which has advanced 13.13% over the same period. With RSI of 59.84, the stock should still continue to rise and get closer to its one year target estimate of $13.38, making it a hold for now.

Dynegy Inc., through its subsidiaries, produces and sells electric energy, capacity, and ancillary services in the United States. It operates in three segments, Coal, IPH, and Gas. The company sells its services on a wholesale basis from its power generation facilities. It has a fleet of 35 power plants in 8 states totaling approximately 26,000 megawatts of generating capacity. The company serves a range of customers, including regional transmission organizations, independent system operators, integrated utilities, municipalities, electric cooperatives, transmission and distribution utilities, and power marketers; financial participants, such as banks and hedge funds; and residential, commercial, and industrial end-users. Dynegy Inc. was founded in 1984 and is headquartered in Houston, Texas.

MGM Resorts International (MGM) dropped $-0.05 to close the day at a new closing price of $28.61, a -0.17% decrease in value from its previous closing price that moved the stock 76.82% above its 52 week low of $16.18. A total of 3.84M shares exchanged hands during the day compared with its three month average trading volume of 7.45M. The stock, which fluctuated between $28.33 and $28.69 during the day, currently situated -6.56% below its 52 week high. The stock is down by -1.24% in the past one month and up by 10.12% over the past three months. With a one year target estimate of $34.42 and RSI of 46.42, the stock still has upside potential, making it a hold for now.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

 

Stocks Trend Analysis: Brocade Communications Systems, Inc. (BRCD) Johnson & Johnson (JNJ) ConocoPhillips (COP)

Brocade Communications Systems, Inc. (BRCD) managed to rebound with the stock declining 0% or $0 to close the day at $12.47 on light trading volume of 5.05M shares, compared to its three month average trading volume of 8.96M. The San Jose California 95134 based company has been outperforming the data storage devices group over the past 52 weeks, with the stock gaining 62.23%, compared to the industry which has advanced 47.19% over the same period. With RSI of 52.89, the stock should still continue to rise and get closer to its one year target estimate of $12.4, making it a hold for now.

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.

Johnson & Johnson (JNJ) retreated with the stock falling -0.15% or $-0.17 to close at $114.7 on light trading volume of 5.01M compared its three months average trading volume of 7.17M. The New Brunswick New Jersey 08933 based company operating under the Drug Manufacturers – Major industry has been trending up for the last 52 weeks, with the shares price now 20.97% up for the period and down by -0.44% so far this year. With price target of $125.16 and a 25.1% rebound from 52-week low, Johnson & Johnson has plenty of upside potential, making it a hold with a view buy.

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates through three segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment offers baby care products under the JOHNSON’S brand name; oral care products under the LISTERINE brand name; skin care products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON’S Adult, LE PETITE MARSEILLAIS, LUBRIDERM, NEUTROGENA, and RoC brand names; women’s health products, such as sanitary pads under the STAYFREE and CAREFREE, and o.b. tampon brand names; wound care products, including adhesive bandages under the BAND-AID brand name and first aid products under the NEOSPORIN brand name. This segment also provides over-the-counter medicines, including acetaminophen products under the TYLENOL brand name; cold, flu, and allergy products under the SUDAFED brand name; allergy products under the BENADRYL and ZYRTEC brand names; ibuprofen products under the MOTRIN IB brand name; and heartburn products under the PEPCID brand name. The Pharmaceutical segment provides various products in the areas of immunology, infectious diseases and vaccines, neuroscience, oncology, and cardiovascular and metabolic diseases. The Medical Devices segment offers orthopaedic products; general surgery, biosurgical, endomechanical, and energy products; electrophysiology products to treat cardiovascular disease; sterilization and disinfection products to reduce surgical infection; blood glucose monitoring and insulin delivery products; and disposable contact lenses. The company offers its products to general public, retail outlets and distributors, wholesalers, hospitals, and health care professionals for prescription use, as well as for use in the professional fields by physicians, nurses, hospitals, eye care professionals, and clinics. Johnson & Johnson was founded in 1885 and is based in New Brunswick, New Jersey.

ConocoPhillips (COP) managed to rebound with the stock climbing 0.24% or $0.12 to close the day at $50.27 on lower than average trading volume of 4.95M shares, compared to its three month average trading volume of 7.6M. The Houston Texas 77079 based company has been outperforming the independent oil & gas companies by 22.2493% for last three months and its recent gains have pushed the stock slightly up 0.26% YTD, versus the independent oil & gas industry which is down -0.31% for the same period. The RSI of 52.55 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

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.