Discover Financial Services (DFS) had a light trading with around 1.65M shares changing hands compared to its three month average trading volume of 2.74M. The stock traded between $71.39 and $72.84 before closing at the price of $71.66 with 0.49% change on the day. The Riverwoods Illinois 60015 based company is currently trading 69.83% above its 52 week low of $42.86 and -3.59% below its 52 week high of $74.33. Both the RSI indicator and target price of 51.77 and $77.71 respectively, lead us to believe that it should be put on hold over the coming weeks.
Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit. The Payment Services segment operates the Discover Network, which processes transactions for Discover-branded credit cards, and provides payment transaction processing and settlement services; and PULSE network, an electronic funds transfer network that provides financial institutions issuing debit cards on the PULSE network with access to automated teller machines and point-of-sale terminals. This segment also operates the Diners Club International, a payments network that issues Diners Club branded charge cards and provides card acceptance services. The company was incorporated in 1960 and is based in Riverwoods, Illinois.
Energy Transfer Partners, L.P. (ETP) managed to rebound with the stock climbing 0.08% or $0.03 to close the day at $36.12 on light trading volume of 1.64M shares, compared to its three month average trading volume of 3.83M. The Dallas Texas 75225 based company has been outperforming the oil & gas pipelines group over the past 52 weeks, with the stock gaining 52.27%, compared to the industry which has advanced 54.11% over the same period. With RSI of 49.27, the stock should still continue to rise and get closer to its one year target estimate of $44.15, making it a hold for now.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The companys Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, and through ET fuel system and HPL system. It owns and operates 7,500 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas. Its Interstate Transportation and Storage segment provides natural gas transportation and storage services; owns and operates approximately 12,300 miles of interstate natural gas pipeline; and has interests in various natural gas pipelines. The companys Midstream segment gathers, compresses, treats, blends, processes, and markets natural gas. It owns and operates 35,000 miles of in service natural gas, 31 natural gas processing plants, 21 natural gas treating facilities, and 4 natural gas conditioning facilities. The companys Liquids Transportation and Services segment transports mixed NGLs and other hydrocarbons; stores mixed NGLs, NGL products, and petrochemical products; and separates mixed NGL streams into purity products. It owns and operates various NGL pipelines, and NGL storage facilities with aggregate storage capacity of approximately 51 million barrels. Its Investment in Sunoco Logistics segment gathers, purchases, markets, and sells crude oil; and owns and operates 1,800 miles of refined products pipelines. The companys Retail Marketing segment sells motor fuel and merchandise at company-operated retail locations and branded convenience stores in 14 states, primarily on the east coast and south regions of the United States. Its Other segment provides natural gas compression equipment and compression services; manages coal and natural resources property, sells standing timber, and leases coal-related infrastructure facilities; and generates electrical power. The company was founded in 1995 and is based in Dallas, Texas.
Commercial Metals Company (CMC) shares were up in last trading by 0.44% to $20.38. It experienced lighter than average volume on day. The stock decreased in value by almost -9.3% over the past week and fell -11.3% in the past month. It is currently trading -4.72% below its 50 day moving average and 15.78% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -16.81% decrease in value from its one year high of $24.64. The RSI indicator value of 35.93, lead us to believe that it is a hold for now.
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. The Americas Recycling segment processes and sells scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. The Americas Mills segment manufactures finished long steel products, including reinforcing bars, merchant bars, light structural products, and other special sections, as well as semi-finished billets for re-rolling and forging applications. This segment sells its products to construction, service center, transportation, steel warehousing, fabrication, energy, petrochemical, and original equipment manufacturing industries. The Americas Fabrication segment offers fabricated steel products for use in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams. The International Mill segment manufactures rebars, merchant bars, and wire rods, as well as semi-finished billets; and sells fabricated rebars, fabricated meshes, assembled rebar cages, and other rebar by-products. This segment sells its products to fabricators, manufacturers, distributors, and construction companies. The International Marketing and Distribution segment processes, sells, and distributes steel products, ferrous and nonferrous metals, and other industrial products to manufacturers in the steel, nonferrous metals, metal fabrication, chemical, refractory, construction, and transportation industries. The company was founded in 1915 and is headquartered in Irving, Texas.