Mark Nelson

Stocks To Watch: ConocoPhillips (COP), The Kroger Co. (KR), CenturyLink, Inc. (CTL)

ConocoPhillips (COP) traded within a range of $49.81 to $50.54 after opening the day at $50.03. The company has seen its stock decrease in value by 0% so far this year. The stock was up close to 0.66% on light volume in last trading session and closed at $50.14 per share. After the recent gain, the stock is currently holding -5.7% below its 52 week high of $53.17 and 64.33% above its 12-month low of $31.82. The shares are up by over 9.64% in the last three months, and the RSI indicator value of 51.05 is neither bullish nor bearish, tempting investors to stay on the sidelines.

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.

The Kroger Co. (KR) failed to extend gains with the stock declining -0.03% or $-0.01 to close the day at $33.48 on light trading volume of 5.97M shares, compared to its three month average trading volume of 7.73M. The Cincinnati Ohio 45202 based company has been underperforming the grocery stores group over the past 52 weeks, with the stock losing -7.14%, compared to the industry which has advanced 3.44% over the same period. With RSI of 47.8, the stock should still continue to rise and get closer to its one year target estimate of $36, making it a hold for now.

The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items. The company’s marketplace stores comprise full-service grocery, pharmacy, health and beauty departments, and perishable goods, as well as general merchandise, including apparel, home goods, and toys. It operates under the banner brands, such as Kroger, Ralphs, Fred Meyer, King Soopers, etc., as well as Simple Truth and Simple Truth Organic brands. As of January 30, 2016, the company operated 2,778 retail food stores, including 1,387 fuel centers; 784 convenience stores; and 323 fine jewelry stores and an online retail store, as well as franchised 78 convenience stores. The Kroger Co. was founded in 1883 and is headquartered in Cincinnati, Ohio.

CenturyLink, Inc. (CTL) gained $0.07 to close the day at a new closing price of $24.49, a 0.29% increase in value from its previous closing price that moved the stock 9.47% above its 52 week low of $22.86. A total of 5.88M shares exchanged hands during the day compared with its three month average trading volume of 7.91M. The stock, which fluctuated between $24.22 and $24.52 during the day, currently situated -25.19% below its 52 week high. The stock is down by -2.97% in the past one month and up by 3.03% over the past three months. With a one year target estimate of $28.58 and RSI of 38.26, the stock still has upside potential, making it a hold for now.

CenturyLink, Inc. provides various communications services to residential, business, wholesale, and governmental customers in the United States. It operates through two segments, Business and Consumer. The company offers high-speed Internet services, which allow customers to connect to the Internet through their existing telephone lines or fiber-optic cables; multi-protocol label switching, a data networking technology to support real-time voice and video; and private line services for the transmission of data between sites. It also provides Ethernet services, including point-to-point and multi-point equipment configurations that facilitate data transmissions across metropolitan areas and wide area networks (WAN); colocation services that enable its customers to install their own information technology (IT) equipment; and managed hosting services comprising cloud and traditional computing, application management, back-up, storage, and other services. In addition, the company offers video entertainment services and satellite digital television; Voice over Internet Protocol, a real-time, two-way voice communication service; and managed services that consist of network, hosting, cloud, and IT services. Further, it provides local calling, long-distance voice, integrated services digital network, WAN, and switched access services; and data integration, which includes the sale of telecommunications equipment and providing network management, installation, and maintenance of data equipment, and the building of proprietary fiber-optic broadband networks. Additionally, the company leases and subleases space in its office buildings, warehouses, and other properties. As of December 31, 2015, it served approximately 6 million high-speed Internet subscribers and 285 thousand television subscribers; and operated 59 data centers in North America, Europe, and Asia. CenturyLink, Inc. was founded in 1968 and is headquartered in Monroe, Louisiana.

 

Traders Recap: Masco Corporation (MAS), KKR & Co. L.P. (KKR), Emerson Electric Co. (EMR)

Masco Corporation (MAS) managed to rebound with the stock climbing 2.09% or $0.69 to close the day at $33.75 on higher than average trading volume of 4.71M shares, compared to its three month average trading volume of 3.38M. The Taylor Michigan 48180 based company has been outperforming the general building materials companies by 9.3821% for last three months and its recent gains have pushed the stock slightly up 7.07% YTD, versus the general building materials industry which is up 2.47% for the same period. The RSI of 59.42 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Masco Corporation designs, manufactures, markets, and distributes home improvement and building products worldwide. Its Plumbing Products segment provides faucets, showerheads, handheld showers, valves, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools and systems, brass and copper plumbing system components, and other non-decorative plumbing products. The company’s Decorative Architectural Products segment offers architectural coatings, including paints, primers, specialty paints, stains, and waterproofing products; cabinet, door, window, and hardware products; and functional hardware, wall plates, hook and rail products, and picture hanging accessories, as well as decorative bath hardware, shower accessories, and shower doors. The company’s Cabinetry Products segment offers assembled cabinetry for kitchen, bath, storage, home office, and home entertainment applications; and integrated bathroom vanity and countertop products. Its Windows and Other Specialty Products segment provides vinyl, fiberglass, and aluminum windows and patio doors; vinyl windows, and composite and panel doors; and staple guns, hammer tackers, glue guns, and rivet tools, as well as staples, glues, and rivets. The company sells its products under DELTA, BRIZO, PEERLESS, HANSGROHE, AXOR, GINGER, NEWPORT BRASS, BRASSTECH, WALTEC, BRISTAN, HERITAGE, MIROLIN, HÜPPE, HOT SPRING, CALDERA, FREEFLOW SPAS, FANTASY SPAS, ENDLESS POOLS, BRASSCRAFT, PLUMB SHOP, COBRA, MASTER PLUMBER, BEHR, KILZ, LIBERTY, BRAINERD, FRANKLIN BRASS, KRAFTMAID, CARDELL, MERILLAT, QUALITY CABINETS, MOORES, ESSENCE SERIES, MILGARD, DURAFLEX, GRIFFIN, PREMIER, EVOLUTION, ARROW, POWERSHOT, and EASYSHOT brands. It offers its products through home center retailers, mass merchandisers, hardware stores, homebuilders, distributors, and other outlets to consumers and contractors, as well as directly to consumers. The company was founded in 1929 and is headquartered in Taylor, Michigan.

KKR & Co. L.P. (KKR) had a active trading with around 4.7M shares changing hands compared to its three month average trading volume of 3.01M. The stock traded between $18.1 and $18.38 before closing at the price of $18.17 with -0.38% change on the day. The New York New York 10019 based company is currently trading 74.98% above its 52 week low of $11.63 and -1.25% below its 52 week high of $18.4. Both the RSI indicator and target price of 63.8 and $19.45 respectively, lead us to believe that it should be put on hold over the coming weeks.

KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments. The firm considers investments in all industries with a focus on software, security, semiconductors, consumer electronics, internet of things (iot), internet, information services, content, technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy. In energy and infrastructure, it focuses on the Upstream Oil and Gas and Equipment and Services verticals. In real estate, the firm seeks to invest in private and public real estate securities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings, and oil and natural gas properties. The firm also invests in asset services sector that encompasses a broad array of B2B, B2C and B2G services verticals including asset-based, transport, logistics, leisure/hospitality, resource and utility support, infra-like, mission-critical, and environmental services. Within Americas, the firm prefers to invest in consumer products; chemicals, metals and mining; energy and natural resources; financial services; healthcare; industrials; media and communications; retail; and technology. Within Europe, the firm invests in consumer and retail; energy; financial services; health care; industrials and chemicals; media and digital; and telecom and technologies. Within Asia, it invests in consumer products; energy and resources; financial services; healthcare; industrials; logistics; media and telecom; retail; real estate; and technology. The firm seeks to invest in mid to high-end residential developments, but can invest in other projects throughout Mainland China through outright ownership, joint ventures, and merger. It invests globally with a focus on Australia, emerging and developed Asia, Middle East and Africa, Nordic, Southeast Asia, Asia Pacific, Ireland, Hong Kong, Japan, Taiwan, India, Vietnam, Indonesia, France, Germany, Netherlands, United Kingdom, Caribbean, Mexico, South America, North America, Brazil, Latin America, Korea, and United States of America. In the United States and Europe, the firm focuses on buyouts of large, publicly traded companies. It seeks to invest $30 million to $717 million in companies with enterprise values between $500 million to $2389 million. The firm prefers to invest in a range of debt and public equity investing and may co-invest. It seeks a board seat in its portfolio companies and a controlling ownership of a company or a strategic minority positions. The firm may acquire minority equity interests, particularly when making private equity investments in Asia or sponsoring investments as part of a large investor consortium. The firm typically holds its investment for a period of five to seven years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. KKR & Co. L.P. was founded in 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, and Asia.

Emerson Electric Co. (EMR) traded within a range of $62.69 to $63.4 after opening the day at $62.69. The company has seen its stock increase in value by 13.47% so far this year. The stock was up close to 0.88% on active volume in last trading session and closed at $63.26 per share. After the recent gain, the stock is currently holding -0.38% below its 52 week high of $63.5 and 45.43% above its 12-month low of $45.82. The shares are up by over 18.49% in the last three months, and the RSI indicator value of 74.49 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.

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 in Review: Annaly Capital Management, Inc. (NLY), MGM Resorts International (MGM), Tesla, Inc. (TSLA)

Annaly Capital Management, Inc. (NLY) traded within a range of $10.46 to $10.56 after opening the day at $10.5. The company has seen its stock increase in value by 5.52% so far this year. The stock was up close to 0.57% on light volume in last trading session and closed at $10.52 per share. After the recent gain, the stock is currently holding -1.62% below its 52 week high of $11.29 and 23.93% above its 12-month low of $9.71. The shares are up by over 6.26% in the last three months, and the RSI indicator value of 67.15 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Annaly Capital Management, Inc. owns a portfolio of real estate related investments in the United States. It invests in various types of agency mortgage-backed securities and related derivatives to hedge these investments; and residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities. The company also acquires, finances, and manages commercial loans and other commercial real estate debt, commercial mortgage-backed securities, and other commercial real estate-related assets. In addition, it engages in corporate middle market lending transactions; and operates as a broker-dealer. The company has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. Annaly Capital Management, Inc. was founded in 1997 and is based in New York, New York.

MGM Resorts International (MGM) continued its downward trend with the stock declining -0.31% or $-0.09 to close the day at $28.53 on light trading volume of 3.63M shares, compared to its three month average trading volume of 7.04M. The Las Vegas Nevada 89109 based company has been outperforming the resorts & casinos group over the past 52 weeks, with the stock gaining 68.52%, compared to the industry which has advanced 44.25% over the same period. With RSI of 43.76, the stock should still continue to rise and get closer to its one year target estimate of $34.67, 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.

Tesla, Inc. (TSLA) gained $0.03 to close the day at a new closing price of $269.23, a 0.01% increase in value from its previous closing price that moved the stock 89.95% above its 52 week low of $154.11. A total of 3.62M shares exchanged hands during the day compared with its three month average trading volume of 4.54M. The stock, which fluctuated between $266.11 and $270.95 during the day, currently situated -0.72% below its 52 week high. The stock is up by 17.19% in the past one month and up by 41.66% over the past three months. With a one year target estimate of $240.94 and RSI of 84.22, the stock still has upside potential, making it a sell for now.

Tesla, Inc. designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally. The company primarily offers sedans and sport utility vehicles. It also offers electric vehicle powertrain components and systems to other manufacturers. The company sells its products through a network of Tesla stores and galleries, as well as through Internet. In addition, it designs, manufactures, installs, monitors, maintains, leases, and sells solar energy systems to government, residential, and commercial customers; and sells electricity generated by solar energy systems to customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was founded in 2003 and is headquartered in Palo Alto, California.

 

Stocks To Track: SunTrust Banks, Inc. (STI), Kellogg Company (K), Carnival Corporation (CCL)

SunTrust Banks, Inc. (STI) climbed 0.05% during last trading as the stock added $0.03 to finish the day at $57.76 with about 2.64M shares changing hands, compared to its three month average trading volume of 3.92M. The $28.33B market cap company, which fluctuated between $57.58 and $58.22 during the day, currently situated 90.34% above its 52 week low of $32.45 and -1.63% away from its one year high of $58.72. The RSI of 58.85 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Management segment offers deposits, home equity lines and loans, credit lines, indirect auto loans, student loans, bank cards, and other lending products, as well as various services. This segment also provides wealth management products and professional services, including brokerage, professional investment management, and trust services; and family office solutions. The Wholesale Banking segment offers corporate and investment banking solutions, such as advisory, capital raising, and financial risk management, as well as lease financing solutions; cash management services, auto dealer financing, and corporate insurance premium financing solutions; and construction, mini-perm, and permanent real estate financing, as well as tailored financing and equity investment solutions. This segment also provides treasury and payment solutions, including operating various electronic and paper payment types, such as card, wire transfer, automated clearing house, check, and cash; and offers clients to manage their accounts online. The Mortgage Banking segment provides residential mortgage products in the secondary market. The company offers its products and services through a network of traditional and in-store branches, automated teller machines, Internet, mobile, and telephone banking channels. As of December 31, 2015, it operated 1,401 full-service banking offices located in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. The company was founded in 1891 and is headquartered in Atlanta, Georgia.

Kellogg Company (K) dropped $-0.44 to close the day at a new closing price of $76, a -0.58% decrease in value from its previous closing price that moved the stock 10.62% above its 52 week low of $70.74. A total of 2.59M shares exchanged hands during the day compared with its three month average trading volume of 1.55M. The stock, which fluctuated between $75.71 and $76.56 during the day, currently situated -11.63% below its 52 week high. The stock is up by 5.75% in the past one month and up by 2.22% over the past three months. With a one year target estimate of $81.13 and RSI of 66.87, the stock still has upside potential, making it a hold for now.

Kellogg Company manufactures and markets ready-to-eat cereal and convenience foods. It operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments. The company’s principal products include cookies, crackers, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and veggie foods, as well as health and wellness bars, and beverages. It offers cereal products under the Kellogg’s brand name; and cookies, crackers, crisps, and other convenience foods under the Kellogg’s, Keebler, Cheez-It, Murray, Austin, and Famous Amos brands. The company sells its products for grocery trade through direct sales forces; and to supermarkets through a direct store-door delivery system, as well as use brokers and distributors. The company was founded in 1906 and is headquartered in Battle Creek, Michigan.

Carnival Corporation (CCL) had a light trading with around 2.61M shares changing hands compared to its three month average trading volume of 3.41M. The stock traded between $55.88 and $56.33 before closing at the price of $56.25 with -0.11% change on the day. The Miami Florida 33178 based company is currently trading 35.54% above its 52 week low of $42.94 and -2.66% below its 52 week high of $57.79. Both the RSI indicator and target price of 64.66 and $57.36 respectively, lead us to believe that it should be put on hold over the coming weeks.

Carnival Corporation operates as a leisure travel and cruise company in North America, Europe, Australia, and Asia. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia. The company operates approximately 100 cruise ships. It also owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon, which owns and operates hotels, lodges, glass-domed railcars, and motor coaches. In addition, the company is involved in the leasing of cruise ships. It sells its cruises primarily through travel agents and tour operators. The company was incorporated in 1972 and is headquartered in Miami, Florida. Carnival Corporation is a subsidiary of Carnival Corporation & Plc.

 

Stocks Alert: Agilent Technologies, Inc. (A), Mastercard Incorporated (MA), Xilinx, Inc. (XLNX)

Agilent Technologies, Inc. (A) retreated with the stock falling -0.22% or $-0.11 to close at $50.36 on active trading volume of 2.09M compared its three months average trading volume of 2.07M. The Santa Clara California 95051 based company operating under the Medical Laboratories & Research industry has been trending up for the last 52 weeks, with the shares price now 44.1% up for the period and up by 10.54% so far this year. With price target of $52.03 and a 46.51% rebound from 52-week low, Agilent Technologies, Inc. has plenty of upside potential, making it a hold with a view buy.

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. Its Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emission spectrometry instruments; inductively coupled plasma optical emission spectrometry instruments; laboratory software and informatics systems; laboratory automation and robotic systems; dissolution testing; vacuum pumps; and measurement technologies. The company’s Diagnostics and Genomics segment provides reagents, instruments, software, and consumables; arrays for DNA mutation detection, genotyping, gene copy number determination, identification of gene rearrangements, DNA methylation profiling, and gene expression profiling, as well as sequencing target enrichment services; and equipment focused on production of synthesized oligonucleotides for use as active pharmaceutical ingredients. Its Agilent CrossLab segment offers GC and LC columns, sample preparation products, custom chemistries, and various laboratory instrument supplies; and startup, operational, training, and compliance support, as well as asset management and consultation services. The company markets and sells its products through direct sales, electronic commerce, resellers, manufacturers’ representatives, and distributors. It has a collaboration agreement with University of Leuven to focus on detecting genetic abnormalities in cell-free DNA and embryo biopsies. Agilent Technologies, Inc. was founded in 1999 and is headquartered in Santa Clara, California.

Mastercard Incorporated (MA) dropped $-0.03 to close the day at a new closing price of $107.27, a -0.03% decrease in value from its previous closing price that moved the stock 35.21% above its 52 week low of $84.59. A total of 2.08M shares exchanged hands during the day compared with its three month average trading volume of 3.77M. The stock, which fluctuated between $107.2 and $107.64 during the day, currently situated -3.42% below its 52 week high. The stock is down by -0.5% in the past one month and up by 1.23% over the past three months. With a one year target estimate of $121.93 and RSI of 51.9, the stock still has upside potential, making it a hold for now.

MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services. The company also offers value-added services, such as loyalty and reward programs, and information and consulting services. In addition, it provides cross-border and domestic processing services; and issuer and acquirer processing solutions, and payment and mobile gateways. Further, the company offers various payment products and solutions for cardholders, merchants, financial institutions, and governments; programs that enable issuers to provide consumers with cards to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid payment programs and management services; and commercial payment products and solutions. Additionally, it provides products and services to prevent, detect, and respond to fraud and ensure the safety of transactions. The company offers payment solutions and services under the MasterCard, Maestro, and Cirrus brands. MasterCard Incorporated was founded in 1966 and is headquartered in Purchase, New York.

Xilinx, Inc. (XLNX) shares were up in last trading by 0.12% to $58.01. It experienced lighter than average volume on day. The stock increased in value by almost 0.21% over the past week and fell -0.27% in the past month. It is currently trading 0.66% above its 50 day moving average and 13.6% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -6.26% decrease in value from its one year high of $62.24. The RSI indicator value of 52.23, lead us to believe that it is a hold for now.

Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP). The company also offers development boards; development kits, including hardware, design tools, IP, and reference designs that are designed to streamline and accelerate the development of domain-specific and market-specific applications; and configuration products, such as one-time programmable and in-system programmable storage devices to configure field programmable gate arrays. In addition, it provides design services, customer training, field engineering, and technical support. The company offers its products to electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and test and measurement. Xilinx, Inc. sells its products through a network of independent distributors; and through direct sales to original equipment manufacturers and electronic manufacturing service providers by a network of independent sales representative firms and by a direct sales management organization. The company was founded in 1984 and is headquartered in San Jose, California.

 

Traders Recap: The Kraft Heinz Company (KHC), Marriott International, Inc. (MAR), Williams Partners L.P. (WPZ)

The Kraft Heinz Company (KHC) continued its upward trend with the stock climbing 0.47% or $0.42 to close the day at $90.2 on lower than average trading volume of 1.88M shares, compared to its three month average trading volume of 2.9M. The Pittsburgh Pennsylvania 15222 based company has been outperforming the food – major diversified companies by 6.8929% for last three months and its recent gains have pushed the stock slightly up 3.3% YTD, versus the food – major diversified industry which is up 2.81% for the same period. The RSI of 67.5 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and rest of world. The company’s products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, snack nuts, dressings, packaged dinners, infant/nutrition products, and other grocery products. It offers its products under various brand names, including Kraft, Oscar Mayer, Heinz, Planters, Velveeta, Philadelphia, Lunchables, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, Tassimo, Plasmon, Lea & Perrins, ABC, Master, Quero, Golden Circle, Wattie’s, and Complan. The Kraft Heinz Company sells its products through independent brokers, agents and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, hotels, restaurants, hospitals, health care facilities, and certain government agencies, as well as through its own sales organizations. The company was formerly known as H.J. Heinz Holding Corporation and changed its name to The Kraft Heinz Company in July 2015. The Kraft Heinz Company was founded in 2013 and is headquartered in Pittsburgh, Pennsylvania.

Marriott International, Inc. (MAR) had a light trading with around 1.87M shares changing hands compared to its three month average trading volume of 2.69M. The stock traded between $86.44 and $86.99 before closing at the price of $86.45 with -0.39% change on the day. The Bethesda Maryland 20817 based company is currently trading 46.22% above its 52 week low of $60.87 and -0.6% below its 52 week high of $86.99. Both the RSI indicator and target price of 63.4 and $85.92 respectively, lead us to believe that it should be put on hold over the coming weeks.

Marriott International, Inc. operates, franchises, and licenses hotels and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and International. It also operates, markets, and develops residential properties, as well as provides services to home/condominium owner associations. The company operates its properties primarily under the brand names of The Ritz-Carlton, Bulgari Hotels & Resorts, EDITION, JW Marriott, Autograph Collection Hotels, Renaissance Hotels, Marriott Hotels, Delta Hotels and Resorts, Marriott Executive Apartments, Marriott Vacation Club, Gaylord Hotels, AC Hotels by Marriott, Courtyard by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Fairfield Inn & Suites by Marriott, TownePlace Suites by Marriott, Protea Hotels, and Moxy Hotels. As of January 05, 2017, it operated, franchised, and licensed approximately 6,000 properties in 120 countries. Marriott International, Inc. was founded in 1971 and is headquartered in Bethesda, Maryland.

Williams Partners L.P. (WPZ) traded within a range of $40.73 to $41.48 after opening the day at $41.18. The company has seen its stock increase in value by 9.39% so far this year. The stock was down close to -0.24% on active volume in last trading session and closed at $40.74 per share. After the recent fall, the stock is currently holding -1.7% below its 52 week high of $42.32 and 243.62% above its 12-month low of $14.41. The shares are up by over 21.54% in the last three months, and the RSI indicator value of 61.88 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Williams Partners L.P. operates as an energy infrastructure company. It operates through Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services segments. The Central segment provides gathering, treating, and compression services to producers in the Barnett shale region of north-central Texas, the Eagle Ford shale region of south Texas, the Haynesville shale region of northwest Louisiana, and the Mid-Continent region. The Northeast G&P segment engages in the natural gas gathering and processing, and NGL fractionation businesses in the Marcellus and Utica shale regions in Pennsylvania, West Virginia, New York, and Ohio. The Atlantic-Gulf segment engages in the interstate natural gas pipeline; and natural gas gathering and processing, and crude oil production handling and transportation activities in the Gulf Coast region. The West segment engages in the natural gas gathering, processing, and treating operations in New Mexico, Colorado, and Wyoming, as well as operates the interstate natural gas pipeline and the Northwest Pipeline. The NGL & Petchem Services segment engages in the operation of an olefins production facility in Geismar, Louisiana; a refinery grade propylene splitter, and various petrochemical and feedstock pipelines in the Gulf Coast region; an oil sands offgas processing plant near Fort McMurray, Alberta; an (natural gas liquids) NGL/olefin fractionation facility; and storage facilities and an NGL fractionator near Conway, Kansas, as well as NGL and natural gas marketing business. WPZ GP LLC serves as the general partner of the company. The company was founded in 2005 and is based in Tulsa, Oklahoma. Williams Partners L.P. operates as a subsidiary of Williams Companies, Inc.

 

3 Trending Stocks: The Allstate Corporation (ALL), Capital One Financial Corporation (COF), Waste Management, Inc. (WM)

The Allstate Corporation (ALL) continued its upward trend with the stock climbing 0.68% or $0.53 to close the day at $78.88 on light trading volume of 1.64M shares, compared to its three month average trading volume of 2.15M. The Northbrook Illinois 60062 based company has been outperforming the property & casualty insurance group over the past 52 weeks, with the stock gaining 29.06%, compared to the industry which has advanced 30.11% over the same period. With RSI of 79.92, the stock should still continue to rise and get closer to its one year target estimate of $81.67, making it a hold for now.

The Allstate Corporation, together with its subsidiaries, engages in property-liability insurance and life insurance business in the United States and Canada. The company’s Allstate Protection segment sells private passenger auto, homeowners, and other property-liability insurance products under the Allstate, Esurance, and Encompass brand names. It also offers specialty auto products including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; commercial lines products for small business owners; roadside assistance products; service contracts; and other products sold in conjunction with auto lending and vehicle sales transactions. In addition, this segment sells its products through contact centers and Internet. The company’s Allstate Financial segment provides traditional, interest-sensitive, and variable life insurance; and voluntary accident and health insurance products; deferred and immediate fixed annuities; and funding agreements backing medium-term notes; and retirement and investment products, including mutual funds, fixed and variable annuities, disability insurance, and long-term care insurance. This segment markets its products through its agencies and financial specialists, and workplace enrolling independent agents. The Allstate Corporation was founded in 1931 and is headquartered in Northbrook, Illinois.

Capital One Financial Corporation (COF) fell -0.16% during last trading as the stock lost $-0.14 to finish the day at $88.4 with about 1.62M shares changing hands, compared to its three month average trading volume of 3.13M. The $42.7B market cap company, which fluctuated between $88.09 and $88.89 during the day, currently situated 54.81% above its 52 week low of $58.03 and -3.09% away from its one year high of $91.64. The RSI of 52.6 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking. The company offers various non-interest bearing and interest-bearing deposits, such as demand deposits, money market deposits, time deposits, negotiable order of withdrawal accounts, and savings accounts. It also provides credit card loans and installment loans; auto, home, and retail banking loans; and commercial and multifamily real estate, commercial and industrial, and small-ticket commercial real estate loans. In addition, the company offers credit and debit card products; online direct banking services; and treasury management and depository services. It serves consumers, small businesses, and commercial clients through the Internet and other distribution channels, as well as through branches located in New York, Louisiana, Texas, Maryland, Virginia, New Jersey, and the District of Columbia. The company was founded in 1993 and is headquartered in McLean, Virginia. Capital One Financial Corporation (NYSE:COF) operates independently of Signet Banking Corp. as of February 28, 1995.

Waste Management, Inc. (WM) saw its value increase by 0.41% as the stock gained $0.29 to finish the day at a closing price of $70.54. The stock was lighter in trading and has fluctuated between $54.03-$71.78 per share for the past year. The shares, which traded within a range of $70.04 to $70.83 during the day, are up by 7.57% in the past three months and up by 6.86% over the past six months. It is currently trading 1.27% above its 20 day moving average and 0.73% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $73 a share over the next twelve months. The current relative strength index (RSI) reading is 60.8. The technical indicator lead us to believe there will be no major movement any time soon, hold.

Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offer collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, and a material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. As of December 31, 2015, the company owned or operated 104 MRFs; and 244 solid waste landfills and 5 secure hazardous waste landfills, as well as 297 transfer stations. It also provides materials processing and commodities recycling services; recycling brokerage services that comprise managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services associated with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services, such as full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. Further, it provides portable self-storage, long distance moving, and fluorescent lamp recycling services; portable restroom services under the name of Port-o-Le; and street and parking lot sweeping services, as well as holds interests in oil and gas producing properties. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.

 

Three Movers to Watch for: Harley-Davidson, Inc. (HOG), Norwegian Cruise Line Holdings Ltd. (NCLH), Edison International (EIX)

Harley-Davidson, Inc. (HOG) grew with the stock adding 1.02% or $0.58 to close at $57.34 on light trading volume of 1.62M compared its three months average trading volume of 2.04M. The Milwaukee Wisconsin 53208 based company operating under the Recreational Vehicles industry has been trending up for the last 52 weeks, with the shares price now 54.94% up for the period and down by -1.71% so far this year. With price target of $57.29 and a 58.3% rebound from 52-week low, Harley-Davidson, Inc. has plenty of upside potential, making it a hold with a view buy.

Harley-Davidson, Inc. primarily manufactures cruiser and touring motorcycles. The company operates through two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells wholesale on-road Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise, and related services. It offers motorcycle parts and accessories, such as replacement parts, and mechanical and cosmetic accessories; and general merchandise, including MotorClothes apparel and riding gears; and various services to its independent dealers comprising motorcycle services, business management training programs, and customized dealer software packages. This segment also licenses the Harley-Davidson name and other trademarks. It sells its products to retail customers through a network of independent dealers, as well as ecommerce channels primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The Financial Services provides wholesale and retail financing services; and insurance and insurance-related programs primarily to Harley-Davidson dealers and retail customers in the United States and Canada. This segment offers wholesale financial services, such as floorplan and open account financing of motorcycles, and motorcycle parts and accessories; and retail financing services, including installment lending for the purchase of new and used Harley-Davidson motorcycles. It also operates as an agent providing point-of-sale protection products, including motorcycle insurance, extended service contracts, credit protection, and motorcycle maintenance protection. The company has a collaboration agreement with Marvel to manufacture various bike models. Harley-Davidson, Inc. was founded in 1903 and is headquartered in Milwaukee, Wisconsin.

Norwegian Cruise Line Holdings Ltd. (NCLH) dropped $-0.26 to close the day at a new closing price of $47.8, a -0.54% decrease in value from its previous closing price that moved the stock 39.93% above its 52 week low of $34.16. A total of 1.61M shares exchanged hands during the day compared with its three month average trading volume of 1.39M. The stock, which fluctuated between $47.54 and $48.9 during the day, currently situated -14.01% below its 52 week high. The stock is up by 4.48% in the past one month and up by 34.53% over the past three months. With a one year target estimate of $46.65 and RSI of 57.98, the stock still has upside potential, making it a hold for now.

Norwegian Cruise Line Holdings Ltd. operates as a cruise line company that offers various itineraries. It provides cruises ranging from 1 day to 180 days itineraries to approximately 510 destinations worldwide. The company offers its products through independent travel agents, wholesalers, and tour operators. It operates 24 ships under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands with approximately 46,500 Berths. The company was founded in 1966 and is headquartered in Miami, Florida.

Edison International (EIX) shares were up in last trading by 0.6% to $75.21. It experienced lighter than average volume on day. The stock increased in value by almost 3.68% over the past week and grew 4.27% in the past month. It is currently trading 5.44% above its 50 day moving average and 4.7% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -3.11% decrease in value from its one year high of $78.72. The RSI indicator value of 71.06, lead us to believe that it may reverse gains in the near term.

Edison International, through its subsidiaries, generates and supplies electricity in the United States. The company generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. It supplies electricity primarily to commercial, residential, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks. The company’s transmission facilities consist of lines ranging from 33 kV to 500 kV and substations; and distribution system comprises approximately 53,000 line miles of overhead lines, 38,000 line miles of underground lines, and approximately 800 distribution substations located in California. It serves approximately 5 million customers. Edison International was incorporated in 1987 and is based in Rosemead, California.

 

Momentum Stocks: FleetCor Technologies, Inc. (FLT), Concho Resources Inc. (CXO), Thermo Fisher Scientific Inc. (TMO)

FleetCor Technologies, Inc. (FLT) grew with the stock adding 0.63% or $1.05 to close at $168.91 on active trading volume of 1.52M compared its three months average trading volume of 1.04M. The Norcross Georgia 30092 based company operating under the Business Services industry has been trending up for the last 52 weeks, with the shares price now 48.96% up for the period and up by 19.35% so far this year. With price target of $181.57 and a 50.7% rebound from 52-week low, FleetCor Technologies, Inc. has plenty of upside potential, making it a hold with a view buy.

FleetCor Technologies, Inc. provides fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services. It sells a range of customized fleet and lodging payment programs; and offers card products to purchase fuel, lodging, food, toll, transportation, and related products and services at participating locations. The company also offers telematics solution that allows fleet operators to monitor the capacity utilization and movement of vehicles and drivers; vehicle maintenance services; prepaid fuel and food vouchers, and cards; and workforce payment product related to public transportation and toll vouchers. In addition, it provides proprietary equipment that reduces unauthorized and fraudulent transactions to over-the-road trucking fleets, shipping fleets, and other operators of heavily industrialized equipment, including sea-going vessels, mining equipment, agricultural equipment, and locomotives. Further, the company owns and operates proprietary closed-loop networks, such as fleet card, truck stop and fuel merchant, lodging, fueling, fleet management telematics, fuel and food card, voucher, fuel control, maintenance and repair, toll, and distribution networks through which it electronically connects to merchants, and captures, analyzes, and reports customized information. Additionally, it uses third-party networks to deliver its payment programs and services; and provides a range of services, such as issuing and processing, as well as specialized information services. The company sells its products and services directly to businesses, commercial fleets, retailers, oil companies, petroleum marketers, and government entities in North America, Latin America, Europe, Australia, and New Zealand. It has strategic relationships with oil and leasing companies, petroleum marketers, value-added resellers, and others. FleetCor Technologies, Inc. was founded in 1986 and is headquartered in Norcross, Georgia.

Concho Resources Inc. (CXO) had a active trading with around 1.52M shares changing hands compared to its three month average trading volume of 1.42M. The stock traded between $140.28 and $143.41 before closing at the price of $143.11 with 2.32% change on the day. The Midland Texas 79701 based company is currently trading 77.34% above its 52 week low of $86.63 and -3.01% below its 52 week high of $147.55. Both the RSI indicator and target price of  and $162.23 respectively, lead us to believe that it could rise over the coming weeks.

Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil and natural gas properties in the Unites States. The company’s principal operating areas are located in the Permian Basin of southeast New Mexico and West Texas. As of December 31, 2015, its total estimated proved reserves were 623.5 million barrel of oil equivalent. Concho Resources Inc. was founded in 2006 and is headquartered in Midland, Texas.

Thermo Fisher Scientific Inc. (TMO) saw its value increase by 0.1% as the stock gained $0.15 to finish the day at a closing price of $154.89. The stock was lighter in trading and has fluctuated between $126.42-$160.68 per share for the past year. The shares, which traded within a range of $154.27 to $155.49 during the day, are up by 1.97% in the past three months and down by -1.43% over the past six months. It is currently trading 5.02% above its 20 day moving average and 6.93% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $172.53 a share over the next twelve months. The current relative strength index (RSI) reading is 69.42.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Thermo Fisher Scientific Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacturing, analysis, discovery, and diagnostics worldwide. Its Life Sciences Solutions segment offers reagents, instruments, and consumables used in biological and medical research, discovery, and production of new drugs and vaccines, as well as diagnosis of diseases. This segment serves pharmaceutical, biotechnology, agricultural, clinical, academic, and government markets. The company’s Analytical Instruments segment provides instruments, consumables, software, and services for applications in the laboratory, on the production line, and in the field. This segment serves pharmaceutical, biotechnology, academic, government, environmental, and other research and industrial markets, as well as clinical laboratories. Its Specialty Diagnostics segment offers liquid, ready-to-use, and lyophilized immunodiagnostic reagent kits, calibrators, controls, and calibration verification fluids; blood-test systems to support the clinical diagnosis and monitoring of allergy, asthma, and autoimmune diseases; dehydrated and prepared culture media, collection and transport systems, instrumentation, and consumables; products for cancer diagnosis and medical research in histology, cytology, and hematology; and human leukocyte antigen typing and testing for the organ transplant market. This segment serves healthcare, clinical, pharmaceutical, industrial, and food safety laboratories. The company’s Laboratory Products and Services segment offers sample preparation, storage, and preservation equipment; controlled temperature technology products; centrifugation products and biological safety cabinets; water analysis instruments and laboratory equipment; laboratory consumables; chemicals; research and safety market channel services; and biopharma services. Thermo Fisher Scientific Inc. was founded in 1956 and is headquartered in Waltham, Massachusetts.

 

3 Stocks to Watch For: Danaher Corporation (DHR), PG&E Corporation (PCG), Consolidated Edison, Inc. (ED)

Danaher Corporation (DHR) saw its value increase by 0.26% as the stock gained $0.22 to finish the day at a closing price of $83.98. The stock was lighter in trading and has fluctuated between $65.06-$84.74 per share for the past year. The shares, which traded within a range of $83.55 to $84.07 during the day, are up by 4.84% in the past three months and up by 3.32% over the past six months. It is currently trading 2.62% above its 20 day moving average and 5.09% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $90.44 a share over the next twelve months. The current relative strength index (RSI) reading is 68.01.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Its Test & Measurement segment provides instruments products; services and products that help to convert concepts into finished products; professional tools; and wheel service equipment. The company’s Environmental segment provides instrumentation and disinfection systems; and solutions and services focused on fuel dispensing, remote fuel management, point-of-sale and payment system, environmental compliance, vehicle tracking, and fleet management. Its Life Sciences & Diagnostics segment offers chemistry systems, immunoassay systems, hematology and flow cytometry products, microbiology systems, and systems and workflow automations solutions. This segment also provides professional microscopes; mass spectrometers; bioanalytical measurement systems; workflow instruments and consumables; and filtration products, which are used to remove solid, liquid, and gaseous contaminants. The company’s Dental segment offers consumables, equipment, and services to diagnose, treat, and prevent disease and ailments of the teeth, gums, and supporting bone. The company’s Industrial Technologies segment provides equipment, consumables, and software for various printing, marking, coding, packaging, design, and color management applications; and a range of electromechanical and electronic motion control products. This segment also offers devices that sense, monitor and control operational or manufacturing variables; instruments, controls, and monitoring systems used in electric utilities and industrial facilities; engineered energetic materials components; and supplemental braking systems for commercial vehicles. The company was formerly known as Diversified Mortgage Investors, Inc. and changed its name to Danaher Corporation in 1984. Danaher Corporation was founded in 1969 and is headquartered in Washington, the District of Columbia.

PG&E Corporation (PCG) shares were up in last trading by 0.73% to $63.35. It experienced lighter than average volume on day. The stock increased in value by almost 2.86% over the past week and grew 4.06% in the past month. It is currently trading 4.85% above its 50 day moving average and 4.6% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -1.63% decrease in value from its one year high of $65.43. The RSI indicator value of 66.1, lead us to believe that it is a hold for now.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 58 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities. The company operates various electricity generation facilities, such as nuclear, hydroelectric, fossil fuel-fired, and photovoltaic. PG&E Corporation was founded in 1905 and is headquartered in San Francisco, California.

Consolidated Edison, Inc. (ED) traded within a range of $74.18 to $74.96 after opening the day at $74.29. The company has seen its stock increase in value by 1.45% so far this year. The stock was up close to 0.48% on light volume in last trading session and closed at $74.75 per share. After the recent gain, the stock is currently holding -7.04% below its 52 week high of $81.88 and 12.22% above its 12-month low of $68.44. The shares are up by over 4.44% in the last three months, and the RSI indicator value of 57.47 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.4 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, and parts of Queens and Westchester County; and steam to approximately 1,700 customers in parts of Manhattan. The company owns 62 area distribution substations and various distribution facilities; 39 transmission substations and 62 area stations; electric generation facilities with an aggregate capacity of 724 megawatts that run on gas and fuel oil; 4,348 miles of mains and 369,791 service lines for natural gas distribution; and 1 steam-electric generating station and 5 steam-only generating stations. It also supplies electricity to approximately 0.3 million customers in southeastern New York, and in adjacent areas of northern New Jersey and northeastern Pennsylvania; and gas to approximately 0.1 million customers in southeastern New York and adjacent areas of northeastern Pennsylvania. The company operates 572 circuit miles of transmission lines; 14 transmission substations; 86,794 in-service line transformers; 3,994 pole miles of overhead distribution lines; and 1,889 miles of underground distribution lines, as well as 1,867 miles of mains and 105,482 service lines for natural gas distribution. In addition, it is involved in the sale and related hedging of electricity to retail customers; and provision of energy-related products and services to wholesale and retail customers. Further, the company develops, owns, and operates renewable and energy infrastructure projects, as well as invests in transmission companies. It primarily sells electricity to industrial, commercial, residential, and governmental customers. Consolidated Edison, Inc. was founded in 1884 and is based in New York, New York.