Investor’s Alert: PPL Corporation (PPL), Carnival Corporation (CCL), Amgen Inc. (AMGN)

PPL Corporation (PPL) continued its upward trend with the stock climbing 0.68% or $0.24 to close the day at $35.72 on lower than average trading volume of 2.69M shares, compared to its three month average trading volume of 3.57M. The Allentown Pennsylvania 18101 based company has been outperforming the electric utilities companies by 8.6466% for last three months and its recent gains have pushed the stock slightly up 4.9% YTD, versus the electric utilities industry which is up 2.34% for the same period. The RSI of 63.05 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

PPL Corporation, a utility company, delivers electricity and natural gas in the United States and the United Kingdom. It serves 322,000 natural gas and 403,000 electric customers in Louisville and adjacent areas in Kentucky; 543,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and fewer than 10 customers in Tennessee. The company also provides electric delivery services to approximately 1.4 million customers in Pennsylvania; and operates 4 electricity distribution networks in the United Kingdom, as well as delivers natural gas to customers in Kentucky; generates electricity from power plants in Kentucky; and sells wholesale electricity to 11 municipalities in Kentucky. In addition, it provides finance for the operations of PPL and subsidiaries. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.

Carnival Corporation (CCL) had a light trading with around 2.67M shares changing hands compared to its three month average trading volume of 3.32M. The stock traded between $55.7 and $56.46 before closing at the price of $56.03 with -0.8% change on the day. The Miami Florida 33178 based company is currently trading 32.35% above its 52 week low of $42.84 and -3.05% below its 52 week high of $57.79. Both the RSI indicator and target price of 60.91 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.

Amgen Inc. (AMGN) traded within a range of $170.3 to $172.17 after opening the day at $171.56. The company has seen its stock increase in value by 18.53% so far this year. The stock was up close to 0.19% on light volume in last trading session and closed at $172.11 per share. After the recent gain, the stock is currently holding -1.35% below its 52 week high of $176.85 and 30.55% above its 12-month low of $133.64. The shares are up by over 17.84% in the last three months, and the RSI indicator value of 76.87 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.

Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. It offers products for the treatment of illness in the areas of oncology/hematology, cardiovascular, inflammation, bone health, nephrology, and neuroscience. The company’s products include Evenity to treat osteoporosis in postmenopausal women; Prolia to treat postmenopausal women with osteoporosis; Xgeva for the prevention of skeletal-related events; Repatha to treat coronary artery diseases; Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Parsabiv to treat secondary hyperparathyroidism (sHPT); and Erenumab for the prevention of chronic migraine. Its products also comprise Blincyto to treat patients with Philadelphia chromosome-negative relapsed or refractory B-cell precursor acute lymphoblastic leukemia; Kyprolis, a proteasome inhibitor to treat patients with multiple myeloma and small-cell lung cancer; Nplate, a thrombopoietic compound; AMJEVITA to treat psoriatic arthritis and polyarticular juvenile idiopathic arthritis, as well as ankylosing spondylitis and moderate-to-severe rheumatoid arthritis; ABP 215 for biosimilar candidates; and ABP 980 to treat human epidermal growth factor receptor 2-positive early breast cancer. The company’s other marketed products include Neulasta, a pegylated protein to treat cancer patients; Aranesp to treat anemia; Sensipar/Mimpara products for use to treat sHPT in chronic kidney disease; EPOGEN to treat a lower-than-normal number of red blood cells; NEUPOGEN, a recombinant-methionyl human granulocyte colony-stimulating factor; and IMLYGIC to treat various cancer cells. It serves pharmaceutical wholesale distributors; and physicians or their clinics, dialysis centers, hospitals, and pharmacies, as well as consumers. The company has collaborative agreements with Pfizer Inc.; UCB; and Bayer HealthCare Pharmaceuticals Inc. Amgen Inc. was founded in 1980 and is headquartered in Thousand Oaks, California.

 

Trader’s Buzzers: National Oilwell Varco, Inc. (NOV), Cimarex Energy Co. (XEC), Plains All American Pipeline, L.P. (PAA)

National Oilwell Varco, Inc. (NOV) traded within a range of $40.06 to $40.8 after opening the day at $40.56. The company has seen its stock increase in value by 7.48% so far this year. The stock was down close to -0.45% on light volume in last trading session and closed at $40.24 per share. After the recent fall, the stock is currently holding -7.77% below its 52 week high of $43.63 and 51.57% above its 12-month low of $26.56. The shares are up by over 11.82% in the last three months, and the RSI indicator value of 58.41 is neither bullish nor bearish, tempting investors to stay on the sidelines.

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

Cimarex Energy Co. (XEC) continued its downward trend with the stock declining -0.97% or $-1.3 to close the day at $133.06 on light trading volume of 2.63M shares, compared to its three month average trading volume of 939.80K. The Denver Colorado 80203 based company has been outperforming the independent oil & gas group over the past 52 weeks, with the stock gaining 61.51%, compared to the industry which has advanced 46% over the same period. With RSI of 46.52, the stock should still continue to rise and get closer to its one year target estimate of $157.24, making it a hold for now.

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2015, it had a total proved oil and gas reserves of 2.9 trillion cubic feet equivalent (Tcfe) consisting of 1.5 trillion cubic feet of natural gas, 0.65 Tcfe of oil, and 0.75 Tcfe of natural gas liquids principally located in the Mid-Continent and Permian Basin regions. The company also owned interests in 3,153 net productive oil and gas wells. Cimarex Energy Co. was founded in 2002 and is headquartered in Denver, Colorado.

Plains All American Pipeline, L.P. (PAA) dropped $-0.58 to close the day at a new closing price of $31.33, a -1.82% decrease in value from its previous closing price that moved the stock 96.03% above its 52 week low of $18.5. A total of 2.62M shares exchanged hands during the day compared with its three month average trading volume of 2.55M. The stock, which fluctuated between $31.27 and $32.23 during the day, currently situated -6.12% below its 52 week high. The stock is up by 2.78% in the past one month and up by 2.22% over the past three months. With a one year target estimate of $33.93 and RSI of 48.42, the stock still has upside potential, making it a hold for now.

Plains All American Pipeline, L.P., through with its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), natural gas, and refined products in the United States and Canada. Its Transportation segment transports crude oil and NGL through pipelines, gathering systems, trucks, and barges. As of December 31, 2015, this segment owned and leased 18,100 miles of active crude oil and NGL pipelines and gathering systems; 30 million barrels of active and above-ground tank capacity; 830 trailers; 142 transport and storage barges; and 64 transport tugs. The company’s Facilities segment provides storage, terminalling, and throughput services for crude oil, refined products, NGL, and natural gas; and NGL fractionation and isomerization, and natural gas and condensate processing services. As of December 31, 2015, it owned and operated approximately 80 million barrels of crude oil and refined products storage capacity; 25 million barrels of NGL storage capacity; 97 billion cubic feet of natural gas storage working capacity; 31 billion cubic feet of base gas; 10 natural gas processing plants; 1 condensate processing facility; 7 fractionation plants; 28 crude oil and NGL rail terminals; 6 marine facilities; and 1,100 miles of active pipelines. Its Supply and Logistics segment purchases crude oil at the wellhead, pipeline, terminal, and rail facilities; purchases cargos at load port and various locations in transit; stores inventory, and NGL and natural gas; purchases NGL; resells or exchanges crude oil and NGL; transports crude oil and NGL on trucks, barges, railcars, pipelines, and ocean-going vessels; and purchases and sells natural gas. As of December 31, 2015, it owned 13 million barrels of crude oil and NGL linefill; 5 million barrels of crude oil and NGL linefill; 990 trucks and 1,100 trailers; and 10,100 crude oil and NGL railcars. The company was founded in 1998 and is headquartered in Houston, Texas.

 

Investor’s Watch List: Prologis, Inc. (PLD), Centene Corporation (CNC), Agilent Technologies, Inc. (A)

Prologis, Inc. (PLD) had a light trading with around 2.59M shares changing hands compared to its three month average trading volume of 2.69M. The stock traded between $49.45 and $50.44 before closing at the price of $50.12 with 1.44% change on the day. The San Francisco California 94111 based company is currently trading 43.44% above its 52 week low of $37.02 and -7.78% below its 52 week high of $54.87. Both the RSI indicator and target price of 47.38 and $15.46 respectively, lead us to believe that it should be put on hold over the coming weeks.

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

Centene Corporation (CNC) failed to extend gains with the stock declining -1.93% or $-1.38 to close the day at $70.07 on active trading volume of 2.57M shares, compared to its three month average trading volume of 1.74M. The St. Louis Missouri 63105 based company has been outperforming the health care plans group over the past 52 weeks, with the stock gaining 25.3%, compared to the industry which has advanced 15.75% over the same period. With RSI of 70.7, the stock should still continue to rise and get closer to its one year target estimate of $77.76, making it a hold for now.

Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. It operates through two segments, Managed Care and Specialty Services. The Managed Care segment offers Medicaid and Medicaid-related health plan coverage to individuals through government subsidized programs, including Medicaid, the State children’s health insurance program, long-term care, foster care, and dual-eligible individual, as well as aged, blind, or disabled programs. Its health plans include primary and specialty physician care, inpatient and outpatient hospital care, emergency and urgent care, prenatal care, laboratory and x-ray services, home health and durable medical equipment, behavioral health and substance abuse, 24-hour nurse advice line, transportation assistance, vision care, dental care, immunizations, prescriptions and limited over-the-counter drugs, specialty pharmacy, therapies, social work services, and care coordination. The Specialty Services segment provides pharmacy benefits management services; health, triage, wellness, and disease management services; vision services; dental services; correctional healthcare services; in-home health services; and integrated long-term care services, as well as care management software that automate the clinical, administrative, and technical components of care management programs. This segment offers its services and products to state programs, healthcare organizations, employer groups, and other commercial organizations. The company provides its services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.

Agilent Technologies, Inc. (A) shares were down in last trading by -1.51% to $50.84. It experienced higher than average volume on day. The stock increased in value by almost 0.73% over the past week and grew 5.37% in the past month. It is currently trading 6.91% above its 50 day moving average and 10.77% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -1.93% decrease in value from its one year high of $51.84. The RSI indicator value of 64.22, lead us to believe that it is a hold for now.

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.

 

Stock’s Trend Analysis Report: The J. M. Smucker Company (SJM), Cerner Corporation (CERN), Aflac Incorporated (AFL)

The J. M. Smucker Company (SJM) fell -0.5% during last trading as the stock lost $-0.69 to finish the day at $137.84 with about 2.46M shares changing hands, compared to its three month average trading volume of 922.38K. The $16.01B market cap company, which fluctuated between $137.01 and $138.76 during the day, currently situated 15.59% above its 52 week low of $121.79 and -10.96% away from its one year high of $157.31. The RSI of 61.98 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food, pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products. It also provides dog snacks, natural beverages, ice cream toppings, pickles, and canned milk. The company offers its products under the Folgers, Dunkin’ Donuts, Café Bustelo, Jif, Smucker’s, Crisco, Pillsbury, Uncrustables, Meow Mix, Milk-Bone, Natural Balance, Kibbles ‘n Bits, 9Lives, Pup-Peroni, Nature’s Recipe, Gravy Train, and Douwe Egberts brand names. It sells its products through direct sales and brokers to food retailers, food wholesalers, drug stores, club stores, mass merchandisers, discount and dollar stores, military commissaries, natural foods stores and distributors, and pet specialty stores; and through retail channels, and foodservice distributors and operators, such as restaurants, lodging, schools and universities, and health care operators. The company was founded in 1897 and is headquartered in Orrville, Ohio.

Cerner Corporation (CERN) gained $0.54 to close the day at a new closing price of $55.61, a 0.98% increase in value from its previous closing price that moved the stock 18.29% above its 52 week low of $47.01. A total of 2.42M shares exchanged hands during the day compared with its three month average trading volume of 3.19M. The stock, which fluctuated between $54.78 and $55.64 during the day, currently situated -17.61% below its 52 week high. The stock is up by 6.35% in the past one month and up by 13.03% over the past three months. With a one year target estimate of $59.7 and RSI of 65, the stock still has upside potential, making it a hold for now.

Cerner Corporation designs, develops, markets, installs, hosts, and supports health care information technology, health care devices, hardware, and content solutions for health care organizations and consumers in the United States and internationally. The company offers Cerner Millennium architecture, which includes clinical, financial, and management information systems that allow providers to access an individual’s electronic health record at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers. It also provides HealtheIntent platform, a cloud-based platform that enables organizations to aggregate, transform, and reconcile data across the continuum of care, as well as assists to enhance outcomes and lower costs. In addition, the company offers a portfolio of clinical and financial health care information technology solutions, as well as departmental, connectivity, population health, and care coordination solutions; and various complementary services, including support, hosting, managed, implementation, and strategic consulting services. Further, it provides various services, such as implementation and training, remote hosting, operational management, revenue cycle, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs, and third party administrator services for employer-based health plans; and complementary hardware and devices for third parties. It serves integrated delivery networks, physician groups and networks, managed care organizations, hospitals, medical centers, reference laboratories, home health agencies, blood banks, imaging centers, pharmacies, pharmaceutical manufacturers, employers, governments, and public health organizations. Cerner Corporation was founded in 1979 and is headquartered in North Kansas City, Missouri.

Aflac Incorporated (AFL) had a active trading with around 2.4M shares changing hands compared to its three month average trading volume of 2.33M. The stock traded between $70.64 and $71.34 before closing at the price of $71.19 with 0.27% change on the day. The Columbus Georgia 31999 based company is currently trading 27.11% above its 52 week low of $58.46 and -3.28% below its 52 week high of $74.5. Both the RSI indicator and target price of 64.32 and $71.62 respectively, lead us to believe that it should be put on hold over the coming weeks.

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers various voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan. The Aflac U.S. segment provides products designed to protect individuals from depletion of assets, which comprise accident, cancer, critical illness/critical care, hospital intensive care, hospital indemnity, fixed-benefit dental, and vision care plans; and loss-of-income products, such as life and short-term disability plans in the United States (U.S.). The company sells its products through sales associates and brokers, independent corporate agencies, individual agencies, and affiliated corporate agencies. Aflac Incorporated was founded in 1955 and is headquartered in Columbus, Georgia.

 

Stocks Roundup: Ross Stores, Inc. (ROST), Danaher Corporation (DHR), Newell Brands Inc. (NWL)

Ross Stores, Inc. (ROST) retreated with the stock falling -0.96% or $-0.66 to close at $68.26 on light trading volume of 2.54M compared its three months average trading volume of 2.6M. The Dublin California 94568 based company operating under the Apparel Stores industry has been trending up for the last 52 weeks, with the shares price now 25.65% up for the period and up by 4.05% so far this year. With price target of $71.04 and a 32.15% rebound from 52-week low, Ross Stores, Inc. has plenty of upside potential, making it a hold with a view buy.

Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at savings of 20% to 60% off department and specialty store regular prices primarily to middle income households; and dd’s DISCOUNTS stores sell its products at savings of 20% to 70% off moderate department and discount store regular prices to customers from households with moderate income. As of October 10, 2016, it operated 1,342 Ross Dress for Less stores in 36 states, the District of Columbia, and Guam; and 193 dd’s DISCOUNTS stores in 15 states. The company was founded in 1982 and is headquartered in Dublin, California.

Danaher Corporation (DHR) had a light trading with around 2.49M shares changing hands compared to its three month average trading volume of 2.95M. The stock traded between $83.64 and $84.64 before closing at the price of $84.25 with -0.43% change on the day. The Washington District of Columbia 20037 based company is currently trading 30.35% above its 52 week low of $65.22 and -0.58% below its 52 week high of $84.74. Both the RSI indicator and target price of  and $90.44 respectively, lead us to believe that it could rise over the coming weeks.

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.

Newell Brands Inc. (NWL) saw its value decrease by -0.83% as the stock dropped $-0.39 to finish the day at a closing price of $46.88. The stock was lighter in trading and has fluctuated between $36.72-$55.45 per share for the past year. The shares, which traded within a range of $46.84 to $47.81 during the day, are up by 0.03% in the past three months and down by -12.45% over the past six months. It is currently trading 0.61% above its 20 day moving average and 1.15% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $56.13 a share over the next twelve months. The current relative strength index (RSI) reading is 51.54.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Newell Brands Inc. designs, sources, and distributes consumer and commercial products worldwide. The company offers markers and highlighters, pens, and pencils; art products; activity-based adhesive and cutting products; fine writing instruments; and labeling solutions under the Sharpie, Paper Mate, Expo, Prismacolor, Mr.Sketch, Elmer’s, X-Acto, Parker, Waterman, and Dymo Office brands. It also provides indoor/outdoor organization, food storage, and home storage products; durable beverage containers; gourmet cookware, bakeware, and cutlery; and hair care accessories under the Rubbermaid, Contigo, Bubba, Calphalon, and Goody brands; and home fragrance products under the WoodWick Candle brand. In addition, the company offers hand and power tool accessories, industrial band saw blades, tools for HVAC systems, and industrial label makers and printers under Irwin, Lenox, Hilmor, and Dymo Industrial brands; cleaning and refuse products, hygiene systems, and material handling solutions under the Rubbermaid Commercial Products brand names; and infant and juvenile products, such as car seats, strollers, highchairs, and playards directly under the Graco, Baby Jogger, Aprica, and Teutonia brands. Further, it provides branded consumer products, consumables, and household staples under the Yankee Candle, Waddington, Ball, Diamond, First Alert, NUK, and Pine Mountain brands; kitchen appliances and home environment products under the Crock-Pot, FoodSaver, Holmes, Mr. Coffee, Oster, Rainbow, and Sunbeam brands; products for outdoor and outdoor-related activities under the Coleman, Jostens, Berkley, Shakespeare, Rawlings, Völkl, K2, and Marmot brands; and plastic products, including closures, contact lens packaging, medical disposables, plastic cutlery, and rigid packaging under the Jarden name. The company was formerly known as Newell Rubbermaid Inc. and changed its name to Newell Brands Inc. in April 2016. The company was founded in 1903 and is headquartered in Atlanta, Georgia.

 

Momentum Stocks in Focus: The Progressive Corporation (PGR), PG&E Corporation (PCG), E*TRADE Financial Corporation (ETFC)

The Progressive Corporation (PGR) continued its upward trend with the stock climbing 0.57% or $0.22 to close the day at $38.61 on light trading volume of 2.48M shares, compared to its three month average trading volume of 2.95M. The Mayfield Village Ohio 44143 based company has been outperforming the property & casualty insurance group over the past 52 weeks, with the stock gaining 23.08%, compared to the industry which has advanced 27.04% over the same period. With RSI of 77.91, the stock should still continue to rise and get closer to its one year target estimate of $36.77, making it a hold for now.

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

PG&E Corporation (PCG) grew with the stock adding 0.71% or $0.45 to close at $63.39 on active trading volume of 2.47M compared its three months average trading volume of 2.03M. The San Francisco California 94177 based company operating under the Electric Utilities industry has been trending up for the last 52 weeks, with the shares price now 16.81% up for the period and up by 4.31% so far this year. With price target of $66.25 and a 19.57% rebound from 52-week low, PG&E Corporation has plenty of upside potential, making it a hold with a view buy.

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.

E*TRADE Financial Corporation (ETFC) failed to extend gains with the stock declining -0.91% or $-0.34 to close the day at $37.17 on lower than average trading volume of 2.47M shares, compared to its three month average trading volume of 3.08M. The New York New York 10020 based company has been outperforming the investment brokerage – national companies by 10.6116% for last three months and its recent gains have pushed the stock slightly up 7.27% YTD, versus the investment brokerage – national industry which is up 6.92% for the same period. The RSI of 57.52 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Management. The Trading and Investing segment offers retail brokerage products and services, investor-focused banking products, and corporate services. The Balance Sheet Management segment manages asset allocation; loans previously originated by the company or purchased from third parties; deposits and customer payables; and credit, liquidity, and interest rate risk. The company provides its services to customers through digital platforms; and a network of customer service representatives and financial consultants through phone, email, and online at two branches, as well as in person through 30 branches across the United States. E*TRADE Financial Corporation was incorporated in 1982 and is headquartered in New York, New York.

 

Stocks on the Move: Entergy Corporation (ETR), Nielsen Holdings plc (NLSN), DENTSPLY SIRONA Inc. (XRAY)

Entergy Corporation (ETR) managed to rebound with the stock climbing 2.83% or $2 to close the day at $72.77 on active trading volume of 2.36M shares, compared to its three month average trading volume of 1.36M. The New Orleans Louisiana 70113 based company has been outperforming the electric utilities group over the past 52 weeks, with the stock gaining 3.79%, compared to the industry which has advanced 9.24% over the same period. With RSI of 61.81, the stock should still continue to rise and get closer to its one year target estimate of $73.5, making it a hold for now.

Entergy Corporation, together with its subsidiaries, engages in the generation and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas. The Entergy Wholesale Commodities segment is engaged in the ownership, operation, and decommissioning of nuclear power plants located in the northern United States; sells the electric power to wholesale customers; offers services to other nuclear power plant owners; and owns interests in non-nuclear power plants that sell the electric power to wholesale customers. This segment sells energy to retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies. It generates electricity through gas/oil, nuclear, coal, wind, and hydro power. The company’s power plants have approximately 30,000 megawatts (MW) of aggregate electric generating capacity, including approximately 10,000 MW of nuclear-fueled capacity. It delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. The company was founded in 1989 and is based in New Orleans, Louisiana.

Nielsen Holdings plc (NLSN) climbed 0.09% during last trading as the stock added $0.04 to finish the day at $44.85 with about 2.33M shares changing hands, compared to its three month average trading volume of 3.01M. The $15.62B market cap company, which fluctuated between $44.52 and $44.95 during the day, currently situated 11.35% above its 52 week low of $40.28 and -18.78% away from its one year high of $55.94. The RSI of 71.68 indicates the stock is overbought at the current levels, sell for now.

Nielsen Holdings plc operates as an information and measurement company. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch and listen. Its Buy segment provides retail transactional measurement data, consumer behavior information, and analytics primarily to businesses in the consumer packaged goods industry. This segment provides data on retail measurement services, such as market share and competitive sales volumes; insights into distribution, pricing, merchandising, and promotion; consumer panel measurement, which offers insight into shopper behavior and customer segmentation; and consumer intelligence and analytical services for decision making in development and marketing cycles. The company’s Watch segment provides viewership and listening data, and analytics primarily to the media and advertising industries for television, radio, digital and mobile viewing, and listening platforms. It offers television audience measurement services, including more than one screen, unduplicated reach, cause and effect analysis, and program viewing behavior testing; audio audience measurement services; digital audience measurement services, such as digital media and market research, audience analytics, and social media measurement; mobile measurement services comprising measurement and consumer research for telecom and media companies; and advertiser solutions. The company was formerly known as Nielsen N.V. and changed its name to Nielsen Holdings plc in August 2015. The company was founded in 1923 and is headquartered in Oxford, the United Kingdom.

DENTSPLY SIRONA Inc. (XRAY) saw its value increase by 0.6% as the stock gained $0.36 to finish the day at a closing price of $60.74. The stock was higher in trading and has fluctuated between $55-$65.83 per share for the past year. The shares, which traded within a range of $60 to $60.76 during the day, are up by 1.42% in the past three months and up by 1.98% over the past six months. It is currently trading 6.08% above its 20 day moving average and 4.6% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $66.5 a share over the next twelve months. The current relative strength index (RSI) reading is 70.18. The technical indicator do not lead us to believe the stock will see more gains any time soon.

DENTSPLY International Inc. designs, develops, manufactures, and markets various consumable dental products for the professional dental market in the United States and internationally. The company provides dental consumable products, including dental anesthetics, prophylaxis paste, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride; and small equipment products comprising dental handpieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers. It also offers dental laboratory products, such as dental prosthetics that include artificial teeth, precious metal dental alloys, dental ceramics, and crown and bridge materials, as well as computer aided design and machining ceramic systems, and porcelain furnaces. In addition, the company provides dental specialty products, which include endodontic instruments and materials, implants and related products, 3D digital scanning and treatment planning software, and dental and orthodontic appliances and accessories. Further, it offers consumable medical device products, such as urology catheters, various surgical products, medical drills, and other products. The company markets and sells its dental products through distributors, dealers, and importers to dentists, dental hygienists, dental assistants, dental laboratories, and dental schools; and medical products directly, as well as through distributors to urologists, urology nurses, and general practitioners. DENTSPLY International Inc. was founded in 1899 and is headquartered in York, Pennsylvania.

 

Stocks Alert: Prudential Financial, Inc. (PRU), Constellation Brands, Inc. (STZ), Continental Resources, Inc. (CLR)

Prudential Financial, Inc. (PRU) grew with the stock adding 0.29% or $0.32 to close at $112.11 on active trading volume of 2.3M compared its three months average trading volume of 2.09M. The Newark New Jersey 07102 based company operating under the Life Insurance industry has been trending up for the last 52 weeks, with the shares price now 75.71% up for the period and up by 7.74% so far this year. With price target of $110.29 and a 88.23% rebound from 52-week low, Prudential Financial, Inc. has plenty of upside potential, making it a hold with a view buy.

Prudential Financial, Inc., through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It offers primarily life insurance, annuities, retirement-related, mutual funds, and investment management products and services. The company operates through U.S. Retirement Solutions and Investment Management, U.S. Individual Life and Group Insurance, and International Insurance divisions. The U.S. Retirement Solutions and Investment Management division provides individual variable and fixed annuity products; and recordkeeping, plan administration, actuarial advisory, tailored participant education and communication, trustee, and institutional and retail investment services. It also offers brokerage services; guaranteed investment contracts, funding agreements, structured settlement annuities, and other group annuities; and investment management and advisory services to the public and private marketplace. The U.S. Individual Life and Group Insurance division provides individual variable, term, and universal life insurance products to mass middle, mass affluent, and affluent markets; group life; long-term and short-term group disability; and group corporate, bank, and trust-owned life insurance products to institutional clients. It also sells accidental death and dismemberment, and other ancillary coverages; and offers plan administrative services. The International Insurance division provides individual life insurance, retirement, and related products. The company serves individual and institutional customers through third-party broker-dealers, independent financial planners, financial professionals, third-party financial advisors, brokers, benefits consultants, sales force, wire houses, banks, general agencies, producer groups, life planners, and life consultants. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.

Constellation Brands, Inc. (STZ) gained $2.3 to close the day at a new closing price of $158.51, a 1.47% increase in value from its previous closing price that moved the stock 16.67% above its 52 week low of $137.25. A total of 2.29M shares exchanged hands during the day compared with its three month average trading volume of 1.99M. The stock, which fluctuated between $156.16 and $158.69 during the day, currently situated -8.19% below its 52 week high. The stock is up by 5.62% in the past one month and up by 4.27% over the past three months. With a one year target estimate of $176.44 and RSI of 64.51, the stock still has upside potential, making it a hold for now.

Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. Its principal brands comprise Arbor Mist, Black Box, Blackstone, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Mount Veeder, Nobilo, Ravenswood, Rex Goliath, Robert Mondavi, Ruffino, Simi, Toasted Head, Wild Horse, Black Velvet Canadian Whisky, and SVEDKA Vodka. The company offers its products to wholesale distributors, retailers, on-premise locations, and government alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.

Continental Resources, Inc. (CLR) shares were down in last trading by -0.67% to $46.01. It experienced lighter than average volume on day. The stock increased in value by almost 0.5% over the past week and fell -10.56% in the past month. It is currently trading -9.72% below its 50 day moving average and -3.32% below its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -23.7% decrease in value from its one year high of $60.3. The RSI indicator value of 36.06, lead us to believe that it is a hold for now.

Continental Resources, Inc. explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. As of December 31, 2015, its estimated proved reserves were 1,226 million barrels of crude oil equivalent (MMBoe) with estimated proved developed reserves of 525 MMBoe. Continental Resources, Inc. was founded in 1967 and is based in Oklahoma City, Oklahoma.

 

Stocks Intraday Alert: The Goldman Sachs Group, Inc. (GS), AmerisourceBergen Corporation (ABC), Ally Financial Inc. (ALLY)

The Goldman Sachs Group, Inc. (GS) failed to extend gains with the stock declining -0.44% or $-1.1 to close the day at $249.44 on lower than average trading volume of 2.28M shares, compared to its three month average trading volume of 4.18M. The New York New York 10282 based company has been outperforming the investment brokerage – national companies by 18.3316% for last three months and its recent gains have pushed the stock slightly up 4.17% YTD, versus the investment brokerage – national industry which is up 6.92% for the same period. The RSI of 64.6 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, such as strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, including public offerings and private placements of various securities and other financial instruments, as well as derivative transactions entered into with public and private sector clients. The Institutional Client Services segment is involved in client execution activities related to making markets in interest rate products, credit products, mortgages, currencies, commodities, and equities; and provides securities services, such as financing, securities lending, and other prime brokerage services, as well as markets in and clears client transactions on primary stock, options, and futures exchanges. The Investing & Lending segment invests in and originates longer-term loans to provide financing to clients; and makes investments in debt securities and loans, public and private equity securities, and real estate entities. The Investment Management segment offers investment management products and services; and wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services. The company serves corporations, financial institutions, governments, and individuals. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.

AmerisourceBergen Corporation (ABC) had a light trading with around 2.28M shares changing hands compared to its three month average trading volume of 2.33M. The stock traded between $89 and $91.54 before closing at the price of $90.32 with -0.94% change on the day. The Chesterbrook Pennsylvania 19087 based company is currently trading 32.7% above its 52 week low of $68.38 and -4.42% below its 52 week high of $94.5. Both the RSI indicator and target price of 62.8 and $91.73 respectively, lead us to believe that it should be put on hold over the coming weeks.

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers. It also provides pharmacy management, staffing, and other consulting services; supply management software to retail and institutional healthcare providers; and packaging solutions to various institutional and retail healthcare providers. In addition, this segment provides pharmaceutical distribution and other services primarily to physicians who specialize in various disease states, primarily oncology, as well as to other healthcare providers, including hospitals and dialysis clinics; distributes plasma and other blood products, injectable pharmaceuticals, vaccines, and other specialty products; and offers third party logistics and outcomes research, and other services for biotechnology and other pharmaceutical manufacturers. The company’s Other segment provides commercialization support services, including reimbursement support programs, outcomes research, contract field staffing, patient assistance and co-pay assistance programs, adherence programs, risk mitigation services, and other market access programs to pharmaceutical and biotechnology manufacturers; specialty transportation and logistics services for the biopharmaceutical industry; and animal health care products. It markets its products and services through independent sales forces and marketing organizations. AmerisourceBergen Corporation was founded in 1985 and is headquartered in Chesterbrook, Pennsylvania.

Ally Financial Inc. (ALLY) traded within a range of $23.15 to $23.62 after opening the day at $23.47. The company has seen its stock increase in value by 22.08% so far this year. The stock was down close to -1.11% on light volume in last trading session and closed at $23.22 per share. After the recent fall, the stock is currently holding -1.53% below its 52 week high of $23.62 and 56.47% above its 12-month low of $14.84. The shares are up by over 20.87% in the last three months, and the RSI indicator value of 74.27 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.

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

 

Stocks Highlights: Republic Services, Inc. (RSG), ONEOK, Inc. (OKE), Targa Resources Corp. (TRGP)

Republic Services, Inc. (RSG) had a active trading with around 1.92M shares changing hands compared to its three month average trading volume of 1.19M. The stock traded between $58.68 and $59.12 before closing at the price of $59.05 with -0.1% change on the day. The Phoenix Arizona 85054 based company is currently trading 36.68% above its 52 week low of $45.31 and -0.24% below its 52 week high of $59.19. Both the RSI indicator and target price of 72.74 and $57.33 respectively, lead us to believe that it could drop over the coming weeks.

Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. It operates in three segments: East, Central, and West. The company’s collection services include curbside collection of waste; supply of waste containers; and renting of compactors. It is also involved in the processing and sale of old corrugated cardboard, old newspapers, aluminum, glass, and other materials; and provision of landfill services. As of December 31, 2015, the company operated through 340 collection operations, 201 transfer stations, 193 active landfills, 67 recycling centers, and 12 salt water disposal wells, as well as 8 treatment, recovery, and disposal facilities in 41 states and Puerto Rico. It also operates 69 landfill gas and renewable energy projects. The company was founded in 1996 and is based in Phoenix, Arizona.

ONEOK, Inc. (OKE) continued its downward trend with the stock declining -0.84% or $-0.46 to close the day at $54.03 on light trading volume of 1.92M shares, compared to its three month average trading volume of 2.28M. The Tulsa Oklahoma 74103 based company has been outperforming the gas utilities group over the past 52 weeks, with the stock gaining 169.11%, compared to the industry which has advanced 11.68% over the same period. With RSI of 41.3, the stock should still continue to rise and get closer to its one year target estimate of $54.46, making it a hold for now.

ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through the Natural Gas Gathering and Processing, the Natural Gas Liquids, and the Natural Gas Pipelines segments. The company gathers, treats, fractionates, stores, and transports natural gas liquids (NGL), as well as owns natural gas liquids gathering and distribution pipelines, natural gas liquids distribution and refined petroleum products pipelines, and terminal and storage facilities; and operates interstate and intrastate regulated natural gas transmission pipelines and natural gas storage facilities, as well as stores, markets, and distributes NGL products to petrochemical manufacturers, heating fuel users, ethanol producers, refineries, exporters, and propane distributors. It also owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space to others. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.

Targa Resources Corp. (TRGP) shares were down in last trading by -1.28% to $58.53. It experienced lighter than average volume on day. The stock decreased in value by almost -1.32% over the past week and fell -0.91% in the past month. It is currently trading 2.86% above its 50 day moving average and 26.64% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -5.34% decrease in value from its one year high of $61.83. The RSI indicator value of 51.27, lead us to believe that it is a hold for now.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; and gathering, storing, and terminaling crude oil and refined petroleum products. The company also purchases and resells component NGL products; sells propane and provides related logistics services to multi-state retailers, independent retailers, and other end-users; offers NGL balancing services; and provides transportation services to refineries and petrochemical companies in the Gulf Coast area. It operates approximately 23,630 miles of natural gas pipelines, including 28 owned and operated processing plants; and 39 storage wells with a net storage capacity of approximately 64 million barrels. As of December 31, 2015, the company leased and managed approximately 716 railcars; 80 owned and leased transport tractors; and 20 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.