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

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

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

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

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

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

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

 

Stocks In Queue: Oasis Petroleum Inc. (OAS), Laredo Petroleum, Inc. (LPI), Rent-A-Center, Inc. (RCII)

Oasis Petroleum Inc. (OAS) fell -0.62% during last trading as the stock lost $-0.09 to finish the day at $14.41 with about 4.24M shares changing hands, compared to its three month average trading volume of 9.28M. The $3.37B market cap company, which fluctuated between $14.32 and $14.6 during the day, currently situated 242.28% above its 52 week low of $4.03 and -15.63% away from its one year high of $17.08. The RSI of 49.31 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its principal projects are located in West Williston and East Nesson. As of December 31, 2015, the company had 484,745 net leasehold acres in the Williston Basin; and approximately 218.2 million barrels of oil equivalent of estimated net proved reserves. Oasis Petroleum Inc. sells its oil and natural gas to refiners, marketers, and other purchasers that have access to pipeline and rail facilities. The company was founded in 2007 and is headquartered in Houston, Texas.

Laredo Petroleum, Inc. (LPI) gained $0.02 to close the day at a new closing price of $14.33, a 0.14% increase in value from its previous closing price that moved the stock 267.44% above its 52 week low of $3.9. A total of 4.2M shares exchanged hands during the day compared with its three month average trading volume of 3.16M. The stock, which fluctuated between $14.11 and $14.47 during the day, currently situated -12.99% below its 52 week high. The stock is up by 7.18% in the past one month and up by 8.07% over the past three months. With a one year target estimate of $15.44 and RSI of 56.4, the stock still has upside potential, making it a hold for now.

Laredo Petroleum, Inc. operates as an independent energy company in the United States. It focuses on the acquisition, exploration, and development of oil and natural gas properties, as well as the transportation of oil and natural gas primarily in the Permian Basin in West Texas. As of December 31, 2015, it had interests in the 135,408 net acres in the Permian Basin; and had total proved reserves of 125,698 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013. Laredo Petroleum, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.

Rent-A-Center, Inc. (RCII) had a active trading with around 4.2M shares changing hands compared to its three month average trading volume of 1.67M. The stock traded between $8 and $8.52 before closing at the price of $8.32 with 4.26% change on the day. The company is currently trading 7.22% above its 52 week low of $7.76 and -47.87% below its 52 week high of $16.37. Both the RSI indicator and target price of 36.45 and $9.67 respectively, lead us to believe that it should be put on hold over the coming weeks.

Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; and furniture, including accessories under rental purchase agreements. The company also provides merchandise on an installment sales basis; and offers the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks within retailer’s locations. It operates retail installment sales stores under the Get It Now and Home Choice names; and rent-to-own and franchised rent-to-own stores under the Rent-A-Centre, ColorTyme, and RimTyme names. As of December 31, 2015, the company owned and operated approximately 2,672 stores in the United States, Canada, and Puerto Rico, including 45 retail installment sales stores; 1,444 Acceptance Now kiosk locations in 40 states and Puerto Rico; 532 Acceptance Now direct locations; and 143 stores in Mexico, as well as franchised 227 rent-to-own stores in 31 states under the Rent-A-Center, ColorTyme, and RimTyme names. Rent-A-Center, Inc. was founded in 1986 and is headquartered in Plano, Texas.

 

Trader’s Round Up: Nordstrom, Inc. (JWN), Amkor Technology, Inc. (AMKR), People’s United Financial, Inc. (PBCT)

Nordstrom, Inc. (JWN) grew with the stock adding 1.5% or $0.68 to close at $46.12 on active trading volume of 4.03M compared its three months average trading volume of 3.19M. The Seattle Washington 98101 based company operating under the Apparel Stores industry has been trending down for the last 52 weeks, with the shares price now -9.02% down for the period and down by -3.78% so far this year. With price target of $50.76 and a 33.53% rebound from 52-week low, Nordstrom, Inc. has plenty of upside potential, making it a hold with a view buy.

Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for men, women, and children in the United States and Canada. It operates through two segments, Retail and Credit. The Retail segment offers a selection of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; and other retail channels, including Trunk Club showrooms and TrunkClub.com, Jeffrey boutiques, and clearance store that operates under the name Last Chance. The Credit segment operates Nordstrom fsb, a federal savings bank, which provides a private label credit card, two Nordstrom VISA credit cards, and a debit card. Its credit and debit cards feature a shopping-based loyalty program. As of February 1, 2017, the company operated 349 stores in 40 states, including 123 full-line stores in the United States, Canada, and Puerto Rico; 215 Nordstrom Rack stores; 2 Jeffrey boutiques; and 2 clearance stores. Nordstrom, Inc. also sells its products through catalogs. The company was founded in 1901 and is based in Seattle, Washington.

Amkor Technology, Inc. (AMKR) dropped $-0.01 to close the day at a new closing price of $9.6, a -0.1% decrease in value from its previous closing price that moved the stock 134.15% above its 52 week low of $4.5. A total of 3.98M shares exchanged hands during the day compared with its three month average trading volume of 1.61M. The stock, which fluctuated between $9.28 and $9.63 during the day, currently situated -23.08% below its 52 week high. The stock is down by -1.94% in the past one month and down by -15.57% over the past three months. With a one year target estimate of $8.5 and RSI of 42.9, the stock still has upside potential, making it a hold for now.

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.

People’s United Financial, Inc. (PBCT) shares were up in last trading by 0.26% to $19.16. It experienced higher than average volume on day. The stock increased in value by almost 3.74% over the past week and grew 1.16% in the past month. It is currently trading 0.63% above its 50 day moving average and 16.83% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -3.96% decrease in value from its one year high of $20.13. The RSI indicator value of 56.2, lead us to believe that it is a hold for now.

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: HRG Group, Inc. (HRG), Infinera Corporation (INFN), Flowers Foods, Inc. (FLO)

HRG Group, Inc. (HRG) continued its upward trend with the stock climbing 1.38% or $0.24 to close the day at $17.65 on higher than average trading volume of 3.95M shares, compared to its three month average trading volume of 1.23M. The New York New York 10022 based company has been outperforming the conglomerates companies by 18.3673% for last three months and its recent gains have pushed the stock slightly up 13.43% YTD, versus the conglomerates industry which is up 7.05% for the same period. The RSI of 76.35 indicates the stock is overbought at the current levels, sell for now.

HRG Group, Inc., through its subsidiaries, provides various branded consumer products. It operates through two segments, Consumer Products and Insurance. Its product portfolio includes consumer batteries, such as alkaline and zinc carbon batteries, nickel metal hydride rechargeable batteries, battery chargers, battery-powered portable lighting products, hearing aid batteries, and other specialty battery products; small appliances comprising small kitchen appliances and home product appliances; and personal care products, such as electric shaving and grooming products, and other personal care products. The company’s product portfolio also comprises hardware and home improvement products, including residential locksets, door hardware, and plumbing products; pet supplies consisting of aquatics, companion animals, and pet food products; home and garden improvement products, such as outdoor insect and weed control solutions, animal repellents, household pest control solutions, and personal use pesticides for protection from various outdoor nuisance pests; and auto care products, including automotive aftermarket appearance, performance chemicals, and do-it-yourself automotive air conditioner recharge products. The company sells its products through retailers, wholesalers and distributors, construction companies, hearing aid professionals, industrial distributors, and original equipment manufacturers in approximately 160 countries in the North America, Europe, the Middle East, Africa, Latin America, and the Asia-Pacific. In addition, it provides life insurance and annuity products through independent agents and managing general agents; and long-term reinsurance to specialty insurance sector of fixed, deferred, and payout annuities. The company was formerly known as Harbinger Group Inc. and changed its name to HRG Group, Inc. in March 2015. HRG Group, Inc. was founded in 1954 and is headquartered in New York, New York.

Infinera Corporation (INFN) had a active trading with around 3.92M shares changing hands compared to its three month average trading volume of 2.01M. The stock traded between $11.73 and $12.3 before closing at the price of $11.75 with -4.7% change on the day. The Sunnyvale California 94089 based company is currently trading 62.52% above its 52 week low of $7.23 and -31.04% below its 52 week high of $17.04. Both the RSI indicator and target price of 74.86 and $8.89 respectively, lead us to believe that it could drop over the coming weeks.

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company offers Infinera DTN-X family of platforms for subsea, long-haul, regional, and metro mesh networks; Infinera DTN platform for subsea, long-haul, and regional mesh networks that support a range of Ethernet and optical transport network client interfaces; and Infinera FlexILS Line System platform that connects various Infinera platforms over long distance fiber optic cable. It also provides Infinera TM-Series, a carrier-grade packet-optical transport platform; Infinera TS-Series, a passive optical wavelength-division multiplexing (WDM) product; Infinera Cloud Xpress Platform, a compact platform for cloud/data center interconnect applications; and Infinera ATN Platform, a small form-factor WDM platform. In addition, the company offers Infinera Open Transport Switch, a software platform that enables abstraction and virtualization of the underlying Infinera platforms; and Infinera Management Suite, a network management system used by network operators to manage various Infinera platforms. Further, it provides various support services for vraious hardware and software products. The company serves communications service providers, Internet content providers, cable providers, wholesale and enterprise carriers, research and education institutions, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. Infinera Corporation was founded in 2000 and is headquartered in Sunnyvale, California.

Flowers Foods, Inc. (FLO) traded within a range of $18.9 to $19.45 after opening the day at $19.03. The company has seen its stock decrease in value by -3.36% so far this year. The stock was up close to 1.63% on active volume in last trading session and closed at $19.3 per share. After the recent gain, the stock is currently holding -8.1% below its 52 week high of $21 and 37.35% above its 12-month low of $14.35. The shares are up by over 20.37% in the last three months, and the RSI indicator value of 39.55 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Flowers Foods, Inc. produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh bakery foods, including fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products under the Nature’s Own, Wonder, Whitewheat, Cobblestone Bread Company, Tastykake, Home Pride, Merita, Dave’s Killer Bread, Country Kitchen, and Roman Meal brand names, as well as markets franchised and licensed brands, such as Sunbeam, Bunny, and Holsum. It operates 39 bakeries, as well as sells its products through DSD route delivery model to retail and foodservice customers. The Warehouse Delivery segment produces snack cakes, breads, and rolls for national retail, foodservice, vending, and co-pack customers. It operates 10 bakeries. This segment markets its products under the Mrs. Freshley’s, European Bakers, Broad Street Bakery, and Alpine Valley Bread Company brand names. The company was formerly known as Flowers Industries and changed its name to Flowers Foods, Inc. in 2001. Flowers Foods, Inc. was founded in 1919 and is headquartered in Thomasville, Georgia.

 

Stocks Highlights: Threshold Pharmaceuticals, Inc. (THLD), Kohl’s Corporation (KSS), KB Home (KBH)

Threshold Pharmaceuticals, Inc. (THLD) had a light trading with around 3.79M shares changing hands compared to its three month average trading volume of 840.25K. The stock traded between $0.664 and $0.792 before closing at the price of $0.68 with -5.73% change on the day. The South San Francisco California 94080 based company is currently trading 221.43% above its 52 week low of $0.21 and -54.39% below its 52 week high of $1.48. Both the RSI indicator and target price of 69.3 and $0 respectively, lead us to believe that it should be put on hold over the coming weeks.

Threshold Pharmaceuticals, Inc. discovers and develops therapeutic agents that target tumor cells for the treatment of cancer patients in the United States. Its lead investigational small molecule is evofosfamide, which is in two Phase III clinical trials for the treatment of soft tissue sarcoma indication and advanced pancreatic cancer; Phase II clinical trials for treating non-squamous non-small cell lung cancer; Phase II clinical trials for advanced melanoma; and Phase I/II clinical trials for multiple myeloma. The company is also involved in the study of evofosfamide in investigator sponsored trials, including Phase I/II clinical trials for glioblastoma; Phase I clinical trials for advanced renal cell carcinoma, gastrointestinal stromal tumors, and pancreatic neuroendocrine tumors; Phase II clinical trials for glioblastoma and pancreatic neuroendocrine tumors; Phase I clinical trials for advanced solid tumors; and Phase I/II clinical trials for advanced kidney cancer or liver cancer. In addition, it engages in developing Tarloxotinib, a hypoxia-activated EGFR tyrosine kinase inhibitor, which is in two Phase II clinical trials for patients with advanced non-squamous non-small cell lung cancer, as well as patients with squamous cell carcinomas of the head, neck, or skin; and [18F]-HX4, an investigational PET imaging agent for hypoxia. The company has a license agreement with Merck KGaA to co-develop and commercialize evofosfamide; license agreement with Auckland UniServices Ltd. for the development program based on Tarloxotinib; and license agreement with Eleison Pharmaceuticals, Inc. for the manufacture, development, and commercialization of glufosfamide for the treatment of cancer in humans and animals, as well as other uses. It also has a collaboration with the National Cancer Institute to study TH-3424, a drug candidate for the treatment of cancer. Threshold Pharmaceuticals, Inc. was founded in 2001 and is headquartered in South San Francisco, California.

Kohl’s Corporation (KSS) continued its upward trend with the stock climbing 0.49% or $0.21 to close the day at $42.85 on light trading volume of 3.78M shares, compared to its three month average trading volume of 4.44M. The Menomonee Falls Wisconsin 53051 based company has been outperforming the department stores group over the past 52 weeks, with the stock gaining 2.04%, compared to the industry which has advanced 1.69% over the same period. With RSI of 50.75, the stock should still continue to rise and get closer to its one year target estimate of $46.7, making it a hold for now.

Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online through Website Kohls.com. As of January 30, 2016, it operated 1,164 department stores in 49 states. Kohl’s Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.

KB Home (KBH) shares were up in last trading by 3.48% to $16.67. It experienced higher than average volume on day. The stock increased in value by almost 2.58% over the past week and grew 0.27% in the past month. It is currently trading 1.67% above its 50 day moving average and 8.61% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -3.94% decrease in value from its one year high of $17.38. The RSI indicator value of 54.86, lead us to believe that it is a hold for now.

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers. It has operations in California, Arizona, Nevada, Colorado, Texas, Florida, and North Carolina, The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.

 

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

Gevo, Inc. (GEVO) continued its downward trend with the stock declining -14.47% or $-0.23 to close the day at $1.36 on active trading volume of 3.63M shares, compared to its three month average trading volume of 3.37M. The Englewood Colorado 80112 based company has been underperforming the chemicals – major diversified group over the past 52 weeks, with the stock losing -83.41%, compared to the industry which has advanced 36.39% over the same period. With RSI of 19.57, the stock should still continue to rise and get closer to its one year target estimate of $8.5, making it a hold for now.

Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. It operates in two segments, Gevo, Inc. and Gevo Development/Agri-Energy. The company engages in the research and development, and production of isobutanol; development of its proprietary biocatalysts; production and sale of biojet fuel; and retrofit process of chemicals and biofuels. It is also involved in the production of ethanol, isobutanol, and related products. Gevo, Inc. produces and separates its renewable isobutanol through the Gevo Integrated Fermentation Technology platform. The company was formerly known as Methanotech, Inc. and changed its name to Gevo, Inc. in March 2006. Gevo, Inc. was founded in 2005 and is headquartered in Englewood, Colorado.

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

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

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

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

 

3 Trending Stocks: Office Depot, Inc. (ODP), Memorial Production Partners LP (MEMP), Zayo Group Holdings, Inc. (ZAYO)

Office Depot, Inc. (ODP) continued its upward trend with the stock climbing 0.44% or $0.02 to close the day at $4.56 on light trading volume of 3.31M shares, compared to its three month average trading volume of 6.38M. The Boca Raton Florida 33496 based company has been underperforming the specialty retail, other group over the past 52 weeks, with the stock losing -11.03%, compared to the industry which has advanced 41.74% over the same period. With RSI of 53.9, the stock should still continue to rise and get closer to its one year target estimate of $4.99, making it a hold for now.

Office Depot, Inc., together with its subsidiaries, supplies office products and services. It operates in three segments: North American Retail, North American Business Solutions, and International. The company sells office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture. It also offers copy and print services. The company sells its products and services to consumers and businesses through office supply stores, a contract sales force, Internet sites, an outbound telephone account management sales force, direct marketing catalogs, and call centers, as well as participates under licensing and merchandise arrangements in Latin America, Europe, Israel, and Japan. As of December 26, 2015, it operated 1,564 stores in the United States, including Puerto Rico and the U.S. Virgin Islands; and 147 stores in France, South Korea, Sweden, New Zealand, and Australia. The company offers its products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, Grand & Toy, and Viking Office Products. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.

Memorial Production Partners LP (MEMP) climbed 6.26% during last trading as the stock added $0.01 to finish the day at $0.15 with about 3.3M shares changing hands, compared to its three month average trading volume of 3.46M. The $13.1M market cap company, which fluctuated between $0.133 and $0.165 during the day, currently situated 25.83% above its 52 week low of $0.123 and -95.14% away from its one year high of $3.21. The RSI of 31.21 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Memorial Production Partners LP, through its subsidiary, Memorial Production Operating LLC, engages in the acquisition, development, exploitation, and production of oil and natural gas properties. Its properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Texas, Louisiana, Colorado, Wyoming, and offshore Southern California. As of December 31, 2015, its total estimated proved reserves were approximately 1,268 billion cubic feet of natural gas equivalent. Memorial Production Partners GP LLC serves as the general partner of Memorial Production Partners LP. The company was founded in 2011 and is headquartered in Houston, Texas. On January 16, 2017, Memorial Production Partners LP, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.

Zayo Group Holdings, Inc. (ZAYO) saw its value increase by 2.18% as the stock gained $0.67 to finish the day at a closing price of $31.42. The stock was higher in trading and has fluctuated between $22.72-$35.65 per share for the past year. The shares, which traded within a range of $30.69 to $31.61 during the day, are down by -1.75% in the past three months and up by 10.56% over the past six months. It is currently trading -0.13% below its 20 day moving average and -2.63% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $36.07 a share over the next twelve months. The current relative strength index (RSI) reading is 48.32. The technical indicator lead us to believe there will be no major movement any time soon, hold.

Zayo Group Holdings, Inc., through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada, and Other. The Dark Fiber Solutions segment provides dark fiber, and fiber-to-the-tower and small cell mobile infrastructure services for carriers and other communication service providers, Internet service providers, wireless service providers, media and content companies, large enterprises, and other companies. The Network Connectivity segment offers bandwidth infrastructure solutions comprising wavelength, Ethernet, Internet protocol, and SONET services through its metro, regional, and long-haul fiber networks for carriers, financial services companies, healthcare, government institutions, education institutions, and other enterprises. The Colocation and Cloud Infrastructure segment provides data center infrastructure solutions, including colocation, interconnection, cloud, hosting, and managed services to a range of enterprise, carrier, content, and cloud customers. The Zayo Canada segment offers dark fiber, network connectivity, cloud and colocation infrastructure, voice, unified communications, and managed security services for small and medium business customers. The Other segment provides network and technical resources to customers in designing, acquiring, and maintaining their networks. The company was founded in 2007 and is headquartered in Boulder, Colorado.

 

Three Movers to Watch for: Cousins Properties Incorporated (CUZ), Nuance Communications, Inc. (NUAN), Opko Health, Inc. (OPK)

Cousins Properties Incorporated (CUZ) grew with the stock adding 0.12% or $0.01 to close at $8.6 on active trading volume of 3.28M compared its three months average trading volume of 3.02M. The Atlanta Georgia 30303 based company operating under the REIT – Diversified industry has been trending up for the last 52 weeks, with the shares price now 45.22% up for the period and up by 1.79% so far this year. With price target of $8.5 and a 54.4% rebound from 52-week low, Cousins Properties Incorporated has plenty of upside potential, making it a hold with a view buy.

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.

Nuance Communications, Inc. (NUAN) gained $0.2 to close the day at a new closing price of $17.11, a 1.18% increase in value from its previous closing price that moved the stock 27.31% above its 52 week low of $13.44. A total of 3.28M shares exchanged hands during the day compared with its three month average trading volume of 3.5M. The stock, which fluctuated between $16.85 and $17.25 during the day, currently situated -16.78% below its 52 week high. The stock is up by 9.89% in the past one month and up by 18.98% over the past three months. With a one year target estimate of $20.89 and RSI of 73.81, the stock still has upside potential, making it a sell for now.

Nuance Communications, Inc. provides voice recognition and natural language understanding solutions worldwide. It operates through four segments: Healthcare, Mobile, Enterprise, and Imaging. The Healthcare segment offers transcription solutions, which enables physicians to streamline clinical documentation with medical transcription platform; Dragon Medical, a dictation software that empowers physicians to accurately capture and document patient care in real-time on various devices; clinical document improvement and coding solutions to ensure patient health information is accurately documented, coded, and evaluated; and diagnostic solutions that allows radiologists to document, collaborate, and share medical images and reports. It also provides Dragon professional and personal productivity solutions to business users and consumers. The Mobile segment provides a portfolio of virtual assistants and connected services built on voice recognition, text-to-speech, natural language understanding, dialog, and text input technologies to automotive manufacturers, device makers, and mobile operators. The Enterprise segment offers OnPremise solutions and services, an automated customer service solution comprising speech recognition, voice biometrics, transcription, text-to-speech, and dialog and analytics products; and OnDemand multichannel cloud, a platform that offers enterprises the ability to implement automatic customer service. The Imaging segment provides MFP Scan automation solutions to offer scanning and document management solutions; MFP Print automation solutions to deliver printing and document management solutions; and PDF and OCR software, a technology that enables the capture, creation, and management of document workflows. The company was formerly known as ScanSoft, Inc. and changed its name to Nuance Communications, Inc. in October 2005. Nuance Communications, Inc. was founded in 1992 and is headquartered in Burlington, Massachusetts.

Opko Health, Inc. (OPK) shares were up in last trading by 2.49% to $8.66. It experienced lighter than average volume on day. The stock increased in value by almost 5.35% over the past week and fell -3.02% in the past month. It is currently trading -11.4% below its 50 day moving average and -12.23% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -28.72% decrease in value from its one year high of $12.15. The RSI indicator value of 42.86, lead us to believe that it is a hold for now.

OPKO Health, Inc., a biopharmaceutical and diagnostics company, engages in the discovery, development, and commercialization of novel and proprietary technologies in the United States, Ireland, Chile, Spain, Israel, and Mexico. Its diagnostics business operates Bio-Reference Laboratories, a clinical laboratory that offers comprehensive laboratory testing services in the detection, diagnosis, evaluation, monitoring, and treatment of diseases, including esoteric testing, molecular diagnostics, anatomical pathology, genetics, women’s health, and correctional healthcare to physician offices, clinics, hospitals, employers, and governmental units. The Bio-Reference Laboratories also provides core genetic testing and leverages products, such as the 4Kscore prostate cancer test and the Claros 1 in-office immunoassay platform. The company’s pharmaceutical segment features Rayaldee, a treatment for secondary hyperparathyroidism in stage 3-4 chronic kidney disease patients with vitamin D deficiency and VARUBI for chemotherapy-induced nausea and vomiting. Its biologics business engages in developing and commercializing hGH-CTP, a recombinant human growth hormone product under development for the treatment of growth hormone deficiency, and developing Factor VIIa drug for hemophilia using the carboxl terminal peptide technology. The company was incorporated in 1991 and is headquartered in Miami, Florida.

 

3 Notable Runners: Calpine Corporation (CPN), INSYS Therapeutics, Inc. (INSY), SUPERVALU Inc. (SVU)

Calpine Corporation (CPN) managed to rebound with the stock climbing 2.9% or $0.33 to close the day at $11.69 on lower than average trading volume of 3.26M shares, compared to its three month average trading volume of 4.53M. The Houston Texas 77002 based company has been outperforming the electric utilities companies by 0.8789% for last three months and its recent gains have pushed the stock slightly up 2.27% YTD, versus the electric utilities industry which is up 1.43% for the same period. The RSI of 51.56 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines. The company sells power, steam, capacity, renewable energy credits, and ancillary services to utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities and other governmental entities, and power marketers, as well as retail commercial, industrial, and residential customers. As of February 1, 2017, it owned and operated 80 power plants, including 1 under construction with an aggregate generation capacity of 25,908 megawatts and 828 megawatts under construction. The company was founded in 1984 and is based in Houston, Texas.

INSYS Therapeutics, Inc. (INSY) had a light trading with around 3.24M shares changing hands compared to its three month average trading volume of 916.78K. The stock traded between $9.64 and $11 before closing at the price of $10.82 with 12.24% change on the day. The Lake Bluff 60044 based company is currently trading 24.37% above its 52 week low of $8.7 and -49.01% below its 52 week high of $21.22. Both the RSI indicator and target price of 64.1 and $18.2 respectively, lead us to believe that it should be put on hold over the coming weeks.

Insys Therapeutics, Inc., a specialty pharmaceutical company, develops and commercializes supportive care products. The company markets Subsys, a sublingual fentanyl spray for breakthrough cancer pain in opioid-tolerant cancer patients in the United States. Its lead product candidate is Syndros, an orally administered liquid formulation of dronabinol. The company is also developing Cannabidiol Oral Solution, a synthetic cannabidiol for childhood catastrophic epilepsy syndromes; and other product candidates, including other dronabinol line extensions and sublingual spray product candidates. Insys Therapeutics, Inc. is headquartered in Chandler, Arizona.

SUPERVALU Inc. (SVU) traded within a range of $3.83 to $3.98 after opening the day at $3.87. The company has seen its stock decrease in value by -14.99% so far this year. The stock was up close to 2.85% on light volume in last trading session and closed at $3.97 per share. After the recent gain, the stock is currently holding -35.66% below its 52 week high of $6.17 and 9.07% above its 12-month low of $3.64. The shares are down by over -24.09% in the last three months, and the RSI indicator value of 44.49 is neither bullish nor bearish, tempting investors to stay on the sidelines.

SUPERVALU INC., together with its subsidiaries, operates as a grocery wholesaler and retailer in the United States. The company operates through three segments: Wholesale, Save-A-Lot, and Retail. The Wholesale segment offers wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store independent operators, regional chains, and the military. This segment operates approximately 1,796 stores with a network spanning 40 states. The Save-A-Lot segment owns, operates, and licenses 1,360 discount grocery stores under the Save-A-Lot banner, including 897 licensed Save-A-Lot stores and 463 company-operated stores. The Retail segment operates retail stores that provide groceries and various additional products, including general merchandise, home, health and beauty care, and pharmacy products. This segment operates 200 stores under the Cub Foods, Shoppers Food & Pharmacy, Shop ’n Save, Farm Fresh, and Hornbacher’s banners, as well as 2 Rainbow and 2 County Market stores. The company provides a range of brand name and private-label products comprising perishable and nonperishable grocery products. SUPERVALU INC. was founded in 1871 and is headquartered in Eden Prairie, Minnesota.

 

Stocks in Review: Synergy Pharmaceuticals Inc. (SGYP), Sunstone Hotel Investors, Inc. (SHO), Boyd Gaming Corporation (BYD)

Synergy Pharmaceuticals Inc. (SGYP) traded within a range of $6.24 to $6.43 after opening the day at $6.27. The company has seen its stock increase in value by 3.94% so far this year. The stock was up close to 0.48% on light volume in last trading session and closed at $6.33 per share. After the recent gain, the stock is currently holding -11.47% below its 52 week high of $7.15 and 153.2% above its 12-month low of $2.5. The shares are up by over 11.25% in the last three months, and the RSI indicator value of 54.66 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Synergy Pharmaceuticals Inc., a biopharmaceutical company, focuses on the development of drugs to treat gastrointestinal (GI) disorders and diseases. Its lead product candidate is plecanatide, a guanylyl cyclase C receptor agonist that is in Phase III clinical trials to treat chronic idiopathic constipation GI disorders; and for the treatment of constipation-predominant irritable bowel syndrome GI disorders. The company is also developing SP-333, which is in Phase II clinical trials to treat opioid induced constipation, as well as in Phase Ib clinical trials to treat ulcerative colitis. The company has a research collaboration with BIND Therapeutics, Inc. to develop ACCURINS for treatment of a range of cells with novel therapeutic payloads. Synergy Pharmaceuticals Inc. is headquartered in New York, New York.

Sunstone Hotel Investors, Inc. (SHO) continued its upward trend with the stock climbing 0.84% or $0.13 to close the day at $15.56 on active trading volume of 3.21M shares, compared to its three month average trading volume of 2.56M. The Aliso Viejo California 92656 based company has been outperforming the reit – hotel/motel group over the past 52 weeks, with the stock gaining 32.33%, compared to the industry which has advanced 28.42% over the same period. With RSI of 63.89, the stock should still continue to rise and get closer to its one year target estimate of $14.85, making it a hold for now.

Sunstone Hotel Investors, Inc. operates as a real estate investment trust. The firm engages in the acquisition, ownership, asset management, renovation, and sale of luxury, upper upscale, and upscale full-service hotels in the United States. Its portfolio also includes mid-scale hotels. Sunstone Hotel Investors was founded in 1995 and is based in Aliso Viejo, California.

Boyd Gaming Corporation (BYD) gained $0.67 to close the day at a new closing price of $21.33, a 3.24% increase in value from its previous closing price that moved the stock 37.26% above its 52 week low of $15.28. A total of 3.2M shares exchanged hands during the day compared with its three month average trading volume of 1.24M. The stock, which fluctuated between $20.85 and $21.5 during the day, currently situated -1.16% below its 52 week high. The stock is up by 8.88% in the past one month and up by 13.58% over the past three months. With a one year target estimate of $22.77 and RSI of 63.99, the stock still has upside potential, making it a hold for now.

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates in five segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, Peninsula, and Borgata. The company owns and operates 21 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, and New Jersey. It also owns and operates a travel agency and a captive insurance company that underwrites travel-related insurance in Hawaii; and the Borgata Hotel Casino & Spa in Atlantic City, New Jersey. As of December 31, 2015, it owned and managed 1,243,007 square feet of casino space comprising 29,736 slot machines, 757 table games, and 11,391 hotel rooms. Boyd Gaming Corporation was founded in 1988 and is headquartered in Las Vegas, Nevada.