Momentum Stocks: Facebook, Inc. (FB), Micron Technology, Inc. (MU), Verizon Communications Inc. (VZ)

Facebook, Inc. (FB) grew with the stock adding 1.49% or $1.89 to close at $128.93 on light trading volume of 16.52M compared its three months average trading volume of 22.85M. The Menlo Park California 94025 based company operating under the Internet Information Providers industry has been trending up for the last 52 weeks, with the shares price now 31.64% up for the period and up by 12.06% so far this year. With price target of $153.67 and a 39.2% rebound from 52-week low, Facebook, Inc. has plenty of upside potential, making it a hold with a view buy.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2015, it had 1.04 billion daily active users (DAUs) and 934 million DAUs who accessed Facebook from a mobile device. The company has a partnership with the Federation of Indian Chambers of Commerce and Industry to augment the Millennium Alliance initiative, as well as support and expand the development of the social enterprise sector in India. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.

Micron Technology, Inc. (MU) had a light trading with around 16.06M shares changing hands compared to its three month average trading volume of 25.61M. The stock traded between $21.74 and $22.31 before closing at the price of $21.89 with -0.32% change on the day. The Boise Idaho 83716 based company is currently trading 134.12% above its 52 week low of $9.35 and -7.4% below its 52 week high of $23.64. Both the RSI indicator and target price of  and $26.58 respectively, lead us to believe that it could rise over the coming weeks.

Micron Technology, Inc. provides semiconductor systems worldwide. The company operates through four segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; mobile low-power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, automotive and industrial applications, and computer memory upgrades; and hybrid memory cube semiconductor memory devices for use in networking and computing applications. The company also provides NAND Flash products, which are electrically re-writeable, non-volatile semiconductor memory devices; client solid-state drives (SSDs) for notebooks, desktops, workstations, and other consumer applications; enterprise SSDs for server and storage applications; managed multi-chip package products; digital media products, including flash memory cards and JumpDrive products under the Lexar brand name. In addition, it manufactures products that are sold under other brand names; and resells flash memory products that are purchased from other NAND Flash suppliers. Further, the company provides 3D XPoint memory products; and NOR Flash, which are electrically re-writeable and semiconductor memory devices for automotive, industrial, connected home, and consumer applications. It markets its products to original equipment manufacturers and retailers through its internal sales force, independent sales representatives, and distributors; and through a Web-based customer direct sales channel, and channel and distribution partners. The company was founded in 1978 and is headquartered in Boise, Idaho.

Verizon Communications Inc. (VZ) saw its value decrease by -0.59% as the stock dropped $-0.31 to finish the day at a closing price of $52.41. The stock was higher in trading and has fluctuated between $46.01-$56.95 per share for the past year. The shares, which traded within a range of $52.18 to $52.7 during the day, are up by 7.79% in the past three months and down by -4.5% over the past six months. It is currently trading -1.02% below its 20 day moving average and 3.18% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $53.27 a share over the next twelve months. The current relative strength index (RSI) reading is 53.53.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

 

Stocks Buzz: Facebook, Inc. (FB), Rennova Health, Inc. (RNVA), Exxon Mobil Corporation (XOM)

Facebook, Inc. (FB) continued its downward trend with the stock declining -0.4% or $-0.51 to close the day at $127.04 on light trading volume of 19.06M shares, compared to its three month average trading volume of 22.76M. The Menlo Park California 94025 based company has been outperforming the internet information providers group over the past 52 weeks, with the stock gaining 34.92%, compared to the industry which has advanced 18.08% over the same period. With RSI of 67.15, the stock should still continue to rise and get closer to its one year target estimate of $153.67, making it a hold for now.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2015, it had 1.04 billion daily active users (DAUs) and 934 million DAUs who accessed Facebook from a mobile device. The company has a partnership with the Federation of Indian Chambers of Commerce and Industry to augment the Millennium Alliance initiative, as well as support and expand the development of the social enterprise sector in India. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.

Rennova Health, Inc. (RNVA) grew with the stock adding 4% or $0 to close at $0.09 on light trading volume of 18.73M compared its three months average trading volume of 6.31M. The West Palm Beach Florida 33401 based company has been trending down for the last 52 weeks, with the shares price now -89.04% down for the period and up by 9.64% so far this year. With price target of $18.5 and a 13.75% rebound from 52-week low, Rennova Health, Inc. has plenty of upside potential, making it a hold with a view buy.

Rennova Health, Inc. provides diagnostics and supportive software solutions to healthcare providers in the United States. It offers products and services, including laboratory diagnostics, healthcare technology solutions, and revenue cycle management solutions, as well as intends to provide financial services in the form of loans to physician practices. The company provides toxicology, clinical pharmacogenetics, and esoteric testing services; develops Web-based system to place lab orders, track samples, and view test reports in real time; Web-enabled laboratory information management solutions; Medical Mime, which offers an electronic health record for substance abuse and behavioral health providers; and CollabRx that enhances cancer diagnoses and treatment through actionable data analytics and reporting for oncologists and their patients. Rennova Health, Inc. was founded in 2005 and is headquartered in West Palm Beach, Florida.

Exxon Mobil Corporation (XOM) managed to rebound with the stock climbing 1.37% or $1.16 to close the day at $85.89 on higher than average trading volume of 18.7M shares, compared to its three month average trading volume of 11M. The Irving Texas 75039 based company has been outperforming the major integrated oil & gas companies by -0.6741% for last three months and its recent losses have pulled the stock down -4.84% YTD, versus the major integrated oil & gas industry which is up 0.64% for the same period. The RSI of 41.06 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. As of December 31, 2015, the company had approximately 35,909 gross and 30,114 net operated wells. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas.

 

Trader’s Buzzers: Oracle Corporation (ORCL), Facebook, Inc. (FB), Merck & Co., Inc. (MRK)

Oracle Corporation (ORCL) traded within a range of $39.1 to $39.38 after opening the day at $39.12. The company has seen its stock increase in value by 2.38% so far this year. The stock was up close to 0.05% on light volume in last trading session and closed at $39.21 per share. After the recent gain, the stock is currently holding -5.71% below its 52 week high of $42 and 20.16% above its 12-month low of $33.59. The shares are up by over 2.46% in the last three months, and the RSI indicator value of 50.91 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. It offers services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service. The company licenses its Oracle Database software, which enables storage, retrieval, and manipulation of various forms of data; and Oracle Fusion Middleware software to build, deploy, secure, access, and integrate business applications, as well as automate their business processes. It also provides a range of software for mobile computing to address the development needs of businesses; and Java, a software development language. In addition, the company offers application software, such as human capital and talent management, customer experience and customer relationship management, financial management and governance, risk and compliance, procurement, project portfolio management, supply chain management, business analytics and enterprise performance management, and industry-specific application software. Further, it offers hardware systems products, such as Oracle Engineered Systems, servers, storage, networking, industry specific hardware, virtualization software, operating systems, management software, and related hardware services. Additionally, the company offers customers with rights to software product upgrades and maintenance releases, patches released, and Internet access to technical content, as well as Internet and telephone access to technical support personnel. The company also provides consulting services, such as IT strategy alignment, enterprise architecture planning and design, initial product implementation and integration, and ongoing product enhancement and upgrade; customer support services; and education services. Oracle Corporation was founded in 1977 and is headquartered in Redwood City, California.

Facebook, Inc. (FB) failed to extend gains with the stock declining -0.29% or $-0.37 to close the day at $127.55 on light trading volume of 12.16M shares, compared to its three month average trading volume of 22.84M. The Menlo Park California 94025 based company has been outperforming the internet information providers group over the past 52 weeks, with the stock gaining 35.19%, compared to the industry which has advanced 19.11% over the same period. With RSI of 69.31, the stock should still continue to rise and get closer to its one year target estimate of $153.57, making it a hold for now.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2015, it had 1.04 billion daily active users (DAUs) and 934 million DAUs who accessed Facebook from a mobile device. The company has a partnership with the Federation of Indian Chambers of Commerce and Industry to augment the Millennium Alliance initiative, as well as support and expand the development of the social enterprise sector in India. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.

Merck & Co., Inc. (MRK) dropped $-0.84 to close the day at a new closing price of $60.33, a -1.37% decrease in value from its previous closing price that moved the stock 29.83% above its 52 week low of $47.97. A total of 11.28M shares exchanged hands during the day compared with its three month average trading volume of 11.11M. The stock, which fluctuated between $60.07 and $61.08 during the day, currently situated -7.13% below its 52 week high. The stock is down by -3.38% in the past one month and down by -2.09% over the past three months. With a one year target estimate of $0 and RSI of 46.04, the stock still has upside potential, making it a hold for now.

Merck & Co., Inc. provides healthcare solutions worldwide. The company offers therapeutic and preventive agents to treat cardiovascular, type 2 diabetes, asthma, nasal allergy symptoms, allergic rhinitis, chronic hepatitis C virus, HIV-1 infection, fungal infections, intra-abdominal infections, hypertension, arthritis and pain, inflammatory, osteoporosis, male pattern hair loss, and fertility diseases. It also offers neuromuscular blocking agents; anti-bacterial products; cholesterol modifying medicines; non-sedating antihistamine; and vaginal contraceptive products. In addition, the company offers products to prevent chemotherapy-induced and post-operative nausea and vomiting; treat brain tumors; treat melanoma and metastatic non-small-cell lung cancer; prevent diseases caused by human papillomavirus; and vaccines for measles, mumps, rubella, varicella, chickenpox, shingles, rotavirus gastroenteritis, and pneumococcal diseases. Further, it offers antibiotic and anti-inflammatory drugs to treat infectious and respiratory diseases, fertility disorders, and pneumonia in cattle, horses, and swine; vaccines for poultry; parasiticide for sea lice in salmon; and antibiotics and vaccines for fishes. Additionally, the company offers companion animal products, such as ointments for otitis; diabetes mellitus treatment for dogs and cats; anthelmintic products; chewable tablets to treat fleas and ticks in dogs; and products for protection against bites from fleas, ticks, mosquitoes, and sandflies. It serves drug wholesalers and retailers, hospitals, government agencies and entities, physicians, physician distributors, veterinarians, distributors, animal producers, and managed health care providers. The company has collaboration agreements with Adaptimmune Therapeutics plc and Agenus; and a research agreement with Proteros Biostructures to develop molecule compounds for various cancer treatments. The company was founded in 1891 and is headquartered in Kenilworth, New Jersey.

 

Eye Catching Stocks: Macy’s, Inc. (M), Southwestern Energy Company (SWN), Facebook, Inc. (FB)

Macy’s, Inc. (M) failed to extend gains with the stock declining -1.54% or $-0.46 to close the day at $29.44 on light trading volume of 13.24M shares, compared to its three month average trading volume of 6.72M. The Cincinnati Ohio 45202 based company has been underperforming the department stores group over the past 52 weeks, with the stock losing -20.97%, compared to the industry which has advanced 2.73% over the same period. With RSI of 17.81, the stock should still continue to rise and get closer to its one year target estimate of $37.1, making it a hold for now.

Macy’s, Inc., together with its subsidiaries, operates stores, Websites, and mobile applications. Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates stores that offer a range of women’s, men’s, and children’s apparel; shoes; fashion accessories; housewares; home textiles; intimate apparel; and jewelry. As of January 4, 2017, it operated approximately 880 stores in the United States, the District of Columbia, Guam, and Puerto Rico under the Macy’s, Bloomingdale’s, Bloomingdale’s Outlet, Macy’s Backstage, and Bluemercury brands, as well as Websites, including macys.com, bloomingdales.com, and bluemercury.com. In addition, it operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy’s, Inc. in June 2007. Macy’s, Inc. was founded in 1830 and is based in Cincinnati, Ohio.

Southwestern Energy Company (SWN) climbed 0.1% during last trading as the stock added $0.01 to finish the day at $9.69 with about 13.16M shares changing hands, compared to its three month average trading volume of 16.5M. The $4.83B market cap company, which fluctuated between $9.55 and $9.75 during the day, currently situated 82.83% above its 52 week low of $5.3 and -37.84% away from its one year high of $15.59. The RSI of 38.34 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Southwestern Energy Company, an independent natural gas and oil company, explores for, develops, and produces natural gas and oil primarily in the United States. It operates through two segments, Exploration and Production and Midstream Services. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 270,335 net acres in northeast Pennsylvania; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 957,641 net acres in Arkansas. It also engages in the exploration and production activities in Colorado and Louisiana. In addition, the company is involved in gathering, marketing, and transporting natural gas, and oil and natural gas liquids. As of December 31, 2015, it had a pipeline of 2,044 miles in Arkansas and 16 miles in Louisiana in its gathering systems. The company’s estimated proved natural gas and oil reserves comprised 6,215 billion cubic feet of natural gas equivalent (Bcfe); and had 443 Bcfe of proved undeveloped reserves. Southwestern Energy Company was founded in 1929 and is based in Spring, Texas.

Facebook, Inc. (FB) saw its value increase by 0.04% as the stock gained $0.05 to finish the day at a closing price of $127.92. The stock was lighter in trading and has fluctuated between $92.62-$133.5 per share for the past year. The shares, which traded within a range of $126.84 to $128.43 during the day, are up by 0.3% in the past three months and up by 6.06% over the past six months. It is currently trading 5.89% above its 20 day moving average and 6.7% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $153.57 a share over the next twelve months. The current relative strength index (RSI) reading is 71.69. The technical indicator do not lead us to believe the stock will see more gains any time soon.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2015, it had 1.04 billion daily active users (DAUs) and 934 million DAUs who accessed Facebook from a mobile device. The company has a partnership with the Federation of Indian Chambers of Commerce and Industry to augment the Millennium Alliance initiative, as well as support and expand the development of the social enterprise sector in India. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.

 

Eye Catching Stocks: United States Steel Corporation (X), Facebook, Inc. (FB), AK Steel Holding Corporation (AKS)

United States Steel Corporation (X) continued its downward trend with the stock declining -1.41% or $-0.46 to close the day at $32.24 on light trading volume of 16.26M shares, compared to its three month average trading volume of 19.03M. The Pittsburgh Pennsylvania 15219 based company has been outperforming the steel & iron group over the past 52 weeks, with the stock gaining 374.25%, compared to the industry which has advanced 122.06% over the same period. With RSI of 43.69, the stock should still continue to rise and get closer to its one year target estimate of $31.2, making it a hold for now.

United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products. This segment serves customers in the automotive, consumer and the combined industrial, service center, and mining commercial markets. The USSE segment provides slabs, sheets, strip mill plates, tin mill products, and spiral welded pipes, as well as heating radiators and refractory ceramic materials. This segment serves customers in the construction, service center, conversion, container, transportation, appliance and electrical, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing; and standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. The company also provides railroad services; and owns, develops, and manages various real estate assets. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.

Facebook, Inc. (FB) fell -0.37% during last trading as the stock lost $-0.47 to finish the day at $127.87 with about 15.27M shares changing hands, compared to its three month average trading volume of 22.64M. The $363.6B market cap company, currently situated 43.08% above its 52 week low of $89.37 and -4.22% away from its one year high of $133.5. The RSI of 71.3 indicates the stock is overbought at the current levels, sell for now.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2015, it had 1.04 billion daily active users (DAUs) and 934 million DAUs who accessed Facebook from a mobile device. The company has a partnership with the Federation of Indian Chambers of Commerce and Industry to augment the Millennium Alliance initiative, as well as support and expand the development of the social enterprise sector in India. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.

AK Steel Holding Corporation (AKS) saw its value decrease by -2.68% as the stock dropped $-0.26 to finish the day at a closing price of $9.45. The stock was lighter in trading and has fluctuated between $1.64-$11.39 per share for the past year. The shares, which traded within a range of $9.39 to $9.83 during the day, are up by 109.53% in the past three months and up by 62.37% over the past six months. It is currently trading -10.63% below its 20 day moving average and 1.25% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $9.89 a share over the next twelve months. The current relative strength index (RSI) reading is 41.77. The technical indicator lead us to believe there will be no major movement any time soon, hold.

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, including coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms. The company also produces carbon and stainless steel that is finished into welded steel tubing, which is used in the automotive, large truck, industrial, and construction markets; buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania. It sells its flat-rolled carbon steel products primarily to automotive manufacturers and to customers in the infrastructure and manufacturing markets, including electrical transmission, heating, ventilation and air conditioning equipment, and appliances; and coated, cold-rolled, and hot-rolled carbon steel products to distributors, service centers, and converters. The company sells its stainless steel products to manufacturers and their suppliers in the automotive industry; manufacturers of food handling, chemical processing, pollution control, and medical and health equipment; and distributors and service centers. It also sells electrical steel products to manufacturers of power transmission and distribution transformers, as well as for use in the manufacture of electrical motors and generators. AK Steel Holding Corporation was founded in 1993 and is headquartered in West Chester, Ohio.

 

3 Notable Runners: Facebook, Inc. (FB), General Electric Company (GE), Chesapeake Energy Corporation (CHK)

Facebook, Inc. (FB) continued its upward trend with the stock climbing 1.36% or $1.72 to close the day at $128.34 on higher than average trading volume of 24.85M shares, compared to its three month average trading volume of 22.53M. The Menlo Park California 94025 based company has been outperforming the internet information providers companies by 0.3839% for last three months and its recent gains have pushed the stock slightly up 11.55% YTD, versus the internet information providers industry which is up 6.54% for the same period. The RSI of 74.06 indicates the stock is overbought at the current levels, sell for now.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2015, it had 1.04 billion daily active users (DAUs) and 934 million DAUs who accessed Facebook from a mobile device. The company has a partnership with the Federation of Indian Chambers of Commerce and Industry to augment the Millennium Alliance initiative, as well as support and expand the development of the social enterprise sector in India. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.

General Electric Company (GE) had a light trading with around 24.31M shares changing hands compared to its three month average trading volume of 32.12M. The stock traded between $31.25 and $31.45 before closing at the price of $31.36 with -0.1% change on the day. The Boston Massachusetts 02210 based company is currently trading 19.34% above its 52 week low of $27.1 and -3.51% below its 52 week high of $33. Both the RSI indicator and target price of 49.2 and $34.21 respectively, lead us to believe that it should be put on hold over the coming weeks.

General Electric Company (GE) operates as an infrastructure and financial services company worldwide. Its Power segment offers gas and steam power systems; maintenance, service, and upgrade solutions; distributed power gas engines; water treatment, wastewater treatment, and process system solutions; and nuclear reactors, fuels, and support services. The company’s Renewable Energy segment offers wind turbine platforms, and hardware and software; offshore wind turbines; and solutions, products, and services to hydropower industry. Its Oil and Gas segment offers turbomachinery solutions; surface and subsea drilling and production systems, and equipment for floating production platforms; measurement and control products; and compressors, pumps, valves, and natural gas solutions. The company’s Energy Management segment offers industrial and grid solutions, and power conversion systems. Its Aviation segment designs and produces commercial and military aircraft engines, integrated digital components, electric power, and mechanical aircraft systems; and offers aftermarket services. The company’s Healthcare segment offers diagnostic imaging and clinical systems; products for drug discovery, biopharmaceutical manufacturing, and cellular technologies; and healthcare information technology products. Its Transportation segment offers freight and passenger locomotives, parts, wreck repair, software-enabled solutions, mining equipment and services, marine diesel engines, and stationary power diesel engines and motors, as well as overhaul, repair, and upgrade services. GE’s Appliances & Lighting segment sells and services home appliances; and manufactures, sources, and sells lighting solutions. Its Capital segment offers commercial lending and leasing, factoring, energy financial, and aircraft financing and leasing services. GE also designs powder bed-based laser additive manufacturing machines. The company was founded in 1892 and is headquartered in Fairfield, Connecticut.

Chesapeake Energy Corporation (CHK) traded within a range of $6.86 to $6.94 after opening the day at $6.91. The company has seen its stock decrease in value by -1.42% so far this year. The stock was down close to -0.14% on light volume in last trading session and closed at $6.92 per share. After the recent fall, the stock is currently holding -15.61% below its 52 week high of $8.2 and 361.33% above its 12-month low of $1.5. The shares are up by over 7.62% in the last three months, and the RSI indicator value of 50.33 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. It operates in two segments, Exploration and Production; and Marketing, Gathering, and Compression. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas. It also holds interests in liquids-rich resource plays, such as the Eagle Ford Shale in South Texas; the Utica Shale in Ohio and Pennsylvania; the Anadarko Basin in northwestern Oklahoma and the Texas Panhandle; and the Niobrara Shale in the Powder River Basin in Wyoming. The company owns interests in approximately 32,400 oil and natural gas wells. As of December 31, 2015, it had estimated proved reserves of 1.504 billion barrels of oil equivalent. The company also provides oil, natural gas, and NGL marketing services comprising commodity price structuring, securing and negotiating gathering, hauling, processing and transportation, contract administration, and nomination services for Chesapeake-operated wells; and marketing services for third-party producers, as well as designs, engineers, fabricates, installs, and sells natural gas compression units, accessories, and equipment used in the production, treatment, and processing of oil and natural gas. Chesapeake Energy Corporation was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.

 

Momentum Stocks: AT&T Inc. (T), Cisco Systems, Inc. (CSCO), Facebook, Inc. (FB)

AT&T Inc. (T) grew with the stock adding 0.98% or $0.4 to close at $41.01 on light trading volume of 19.88M compared its three months average trading volume of 25.09M. The Dallas Texas 75202 based company operating under the Telecom Services – Domestic industry has been trending up for the last 52 weeks, with the shares price now 27.41% up for the period and down by -2.45% so far this year. With price target of $41.29 and a 28.59% rebound from 52-week low, AT&T Inc. has plenty of upside potential, making it a hold with a view buy.

AT&T Inc. provides telecommunications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless, fixed strategic, legacy voice and data, and wireless equipment services to business, governmental, and wholesale customers, as well as individual subscribers. The Entertainment Group segment provides video entertainment and audio programming channels to approximately 25.4 million subscribers; broadband and Internet services to 12.4 million residential subscribers; local and long-distance voice services to residential customers, as well as DSL Internet access services; and voice services over IP-based technology, and technical support and other customer service functions and equipment. The Consumer Mobility segment offers wireless services to consumers, and wireless wholesale and resale subscribers, such as long-distance and roaming services. This segment provides postpaid and prepaid wireless voice and data communications services; consulting, advertising, and application and co-location services; and sells a variety of handsets, wirelessly enabled computers, and personal computer wireless data cards through company-owned stores, agents, or third-party retail stores, as well as accessories, such as carrying cases and hands-free devices. The International segment offers video entertainment services to residential customers in Latin America, as well as wireless data and voice communication services in Mexico. This segment provides digital television services under the DIRECTV and SKY brands; postpaid and prepaid wireless services to approximately 8.7 million subscribers under the AT&T, Iusacell, Unefon, and Nextel Mexico brands; and sells a range of handsets. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November 2005. AT&T Inc. was founded in 1983 and is based in Dallas, Texas.

Cisco Systems, Inc. (CSCO) had a light trading with around 18.61M shares changing hands compared to its three month average trading volume of 22.45M. The stock traded between $29.8 and $30.16 before closing at the price of $30.04 with -0.36% change on the day. The San Jose California 95134 based company is currently trading 38.51% above its 52 week low of $22.46 and -4.99% below its 52 week high of $31.95. Both the RSI indicator and target price of  and $33.11 respectively, lead us to believe that it could rise over the coming weeks.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. It provides switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. The company also offers service provider video infrastructure, including set-top boxes, cable/telecommunications access products, and cable modems; and video software and solutions. In addition, it provides collaboration products comprising unified communications products, conferencing products, collaboration endpoints, and business messaging products; data center products, such as blade and rack servers, modular servers, fabric interconnects, software, and server access virtualization solutions; security products, including network and data center security, advanced threat protection, Web and email security, access and policy, unified threat management, and advisory, integration, and managed services; and other products, such as emerging technologies and other networking products. Further, the company offers wireless products consisting of wireless access points; network managed services; and standalone, switch-converged, and cloud managed solutions. Additionally, it provides technical support services and advanced services. The company serves businesses of various sizes, public institutions, governments, and communications service providers. Cisco Systems, Inc. sells its products directly, as well as through channel partners, such as systems integrators, service providers, other resellers, and distributors. The company was founded in 1984 and is headquartered in San Jose, California.

Facebook, Inc. (FB) saw its value increase by 0.42% as the stock gained $0.53 to finish the day at a closing price of $126.62. The stock was lighter in trading and has fluctuated between $89.37-$133.5 per share for the past year. The shares, which traded within a range of $124.8 to $126.73 during the day, are down by -1.88% in the past three months and up by 7.95% over the past six months. It is currently trading 5.77% above its 20 day moving average and 5.53% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $154.36 a share over the next twelve months. The current relative strength index (RSI) reading is 69.24.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2015, it had 1.04 billion daily active users (DAUs) and 934 million DAUs who accessed Facebook from a mobile device. The company has a partnership with the Federation of Indian Chambers of Commerce and Industry to augment the Millennium Alliance initiative, as well as support and expand the development of the social enterprise sector in India. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.

 

Three Movers to Watch for: Facebook, Inc. (FB), Globalstar, Inc. (GSAT), Sirius XM Holdings Inc. (SIRI)

Facebook, Inc. (FB) grew with the stock adding 2.27% or $2.74 to close at $123.41 on active trading volume of 28.51M compared its three months average trading volume of 21.92M. The Menlo Park California 94025 based company operating under the Internet Information Providers industry has been trending up for the last 52 weeks, with the shares price now 26.03% up for the period and up by 7.27% so far this year. With price target of $155.56 and a 38.09% rebound from 52-week low, Facebook, Inc. has plenty of upside potential, making it a hold with a view buy.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2015, it had 1.04 billion daily active users (DAUs) and 934 million DAUs who accessed Facebook from a mobile device. The company has a partnership with the Federation of Indian Chambers of Commerce and Industry to augment the Millennium Alliance initiative, as well as support and expand the development of the social enterprise sector in India. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.

Globalstar, Inc. (GSAT) gained $0.14 to close the day at a new closing price of $1.71, a 8.92% increase in value from its previous closing price that moved the stock 171.43% above its 52 week low of $0.63. A total of 28.44M shares exchanged hands during the day compared with its three month average trading volume of 6.19M. The stock, which fluctuated between $1.59 and $1.79 during the day, currently situated -43% below its 52 week high. The stock is up by 101.18% in the past one month and up by 40.16% over the past three months. With a one year target estimate of $6 and RSI of 65.32, the stock still has upside potential, making it a hold for now.

Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services. It also provides SPOT products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; SPOT Global phone; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Simplex one-way transmission products to track cargo containers and rail cars, to monitor utility meters, to monitor oil and gas assets, and other applications. Further, it provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company primarily serves recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining, and forestry; construction; utilities; and transportation markets. Globalstar, Inc. distributes its products directly, as well as through independent agents, dealers and resellers, independent gateway operators, and its sales force and e-commerce Website. As of December 31, 2015, it served approximately 688,000 subscribers. The company has a collaboration agreement with Carmanah to design and manufacture solar powered M2M satellite solutions. The company was founded in 2003 and is headquartered in Covington, Louisiana. Globalstar, Inc. is a subsidiary of Thermo Funding II LLC.

Sirius XM Holdings Inc. (SIRI) shares were down in last trading by -1.72% to $4.56. It experienced lighter than average volume on day. The stock increased in value by almost 2.01% over the past week and grew 3.4% in the past month. It is currently trading 2.97% above its 50 day moving average and 10.11% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -1.94% decrease in value from its one year high of $4.65. The RSI indicator value of 57.08, lead us to believe that it is a hold for now.

Sirius XM Holdings Inc. provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic and weather reports for 21 metropolitan markets. It also streams music and non-music channels over the Internet; and offer applications to allow consumers to access its Internet radio service on smartphones and tablet computers. In addition, the company distributes satellite radios through the sale and lease of new vehicles; and acquires subscribers through the sale and lease of previously owned vehicles with factory-installed satellite radios. Its satellite radio systems include satellites, terrestrial repeaters, and other satellite facilities; studios; and radios. Further, the company provides satellite television services, which offer music channels on the DISH NETWORK satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; real-time traffic services; and real-time weather services. Additionally, it offers location-based services through two-way wireless connectivity, including safety, security, convenience, maintenance and data services, remote vehicles diagnostics, stolen or parked vehicle locator services, and monitoring of vehicle emission systems. The company also sells satellite and Internet radios directly to consumers through its Website, as well as through national and regional retailers. The company was founded in 1990 and is headquartered in New York, New York. Sirius XM Holdings Inc. operates as a subsidiary of Liberty Media Corporation.

 

Momentum Stocks: Facebook, Inc. (FB), Wells Fargo & Company (WFC), Cisco Systems, Inc. (CSCO)

Facebook, Inc. (FB) grew with the stock adding 1.67% or $1.98 to close at $120.67 on light trading volume of 19.45M compared its three months average trading volume of 21.81M. The Menlo Park California 94025 based company operating under the Internet Information Providers industry has been trending up for the last 52 weeks, with the shares price now 17.19% up for the period and up by 4.88% so far this year. With price target of $155.56 and a 35.02% rebound from 52-week low, Facebook, Inc. has plenty of upside potential, making it a hold with a view buy.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2015, it had 1.04 billion daily active users (DAUs) and 934 million DAUs who accessed Facebook from a mobile device. The company has a partnership with the Federation of Indian Chambers of Commerce and Industry to augment the Millennium Alliance initiative, as well as support and expand the development of the social enterprise sector in India. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.

Wells Fargo & Company (WFC) had a light trading with around 18.74M shares changing hands compared to its three month average trading volume of 27.27M. The stock traded between $54.47 and $55.82 before closing at the price of $55.18 with -1.55% change on the day. The San Francisco California 94104 based company is currently trading 27.76% above its 52 week low of $43.55 and -4.89% below its 52 week high of $58.02. Both the RSI indicator and target price of  and $55.8 respectively, lead us to believe that it could rise over the coming weeks.

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, as well as time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, and merchant payment processing and private label financing solutions, as well as purchases retail installment contracts. Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, insurance, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; commercial real estate loan servicing; and real estate and mortgage brokerage services. The company’s Wealth, Brokerage and Retirement segment offers financial advisory, wealth management, brokerage, retirement, trust, and reinsurance services. As of February 25, 2015, it operated through approximately 8,700 locations and 12,500 ATMs & offices in 36 countries. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Cisco Systems, Inc. (CSCO) saw its value increase by 0.23% as the stock gained $0.07 to finish the day at a closing price of $30.17. The stock was lighter in trading and has fluctuated between $22.46-$31.95 per share for the past year. The shares, which traded within a range of $30.07 to $30.35 during the day, are down by -4.5% in the past three months and up by 5.84% over the past six months. It is currently trading -0.57% below its 20 day moving average and -0.71% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $33.11 a share over the next twelve months. The current relative strength index (RSI) reading is 47.86.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. It provides switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. The company also offers service provider video infrastructure, including set-top boxes, cable/telecommunications access products, and cable modems; and video software and solutions. In addition, it provides collaboration products comprising unified communications products, conferencing products, collaboration endpoints, and business messaging products; data center products, such as blade and rack servers, modular servers, fabric interconnects, software, and server access virtualization solutions; security products, including network and data center security, advanced threat protection, Web and email security, access and policy, unified threat management, and advisory, integration, and managed services; and other products, such as emerging technologies and other networking products. Further, the company offers wireless products consisting of wireless access points; network managed services; and standalone, switch-converged, and cloud managed solutions. Additionally, it provides technical support services and advanced services. The company serves businesses of various sizes, public institutions, governments, and communications service providers. Cisco Systems, Inc. sells its products directly, as well as through channel partners, such as systems integrators, service providers, other resellers, and distributors. The company was founded in 1984 and is headquartered in San Jose, California.

 

Stocks in the Spotlight: Wells Fargo & Company (WFC), Whiting Petroleum Corporation (WLL), Facebook, Inc. (FB)

Wells Fargo & Company (WFC) had a light trading with around 21.97M shares changing hands compared to its three month average trading volume of 27.99M. The stock traded between $55.46 and $56.35 before closing at the price of $56 with 1.61% change on the day. The San Francisco California 94104 based company is currently trading 29.66% above its 52 week low of $43.55 and -3.48% below its 52 week high of $58.02. Both the RSI indicator and target price of 63.05 and $55.8 respectively, lead us to believe that it should be put on hold over the coming weeks.

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, as well as time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, and merchant payment processing and private label financing solutions, as well as purchases retail installment contracts. Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, insurance, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; commercial real estate loan servicing; and real estate and mortgage brokerage services. The company’s Wealth, Brokerage and Retirement segment offers financial advisory, wealth management, brokerage, retirement, trust, and reinsurance services. As of February 25, 2015, it operated through approximately 8,700 locations and 12,500 ATMs & offices in 36 countries. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Whiting Petroleum Corporation (WLL) managed to rebound with the stock climbing 5.16% or $0.62 to close the day at $12.64 on active trading volume of 21.93M shares, compared to its three month average trading volume of 21.28M. The Denver Colorado 80290 based company has been outperforming the oil & gas drilling & exploration group over the past 52 weeks, with the stock gaining 32.63%, compared to the industry which has advanced 69.66% over the same period. With RSI of 65.59, the stock should still continue to rise and get closer to its one year target estimate of $13.16, making it a hold for now.

Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers. As of December 31, 2015, the company had total estimated proved reserves of 820.6 million barrels of oil equivalent; and interests in 3,177 net productive wells on approximately 593,900 net developed acres. Whiting Petroleum Corporation was founded in 1980 and is based in Denver, Colorado.

Facebook, Inc. (FB) shares were up in last trading by 1.57% to $116.86. It experienced lighter than average volume on day. The stock decreased in value by almost -0.35% over the past week and grew 1.53% in the past month. It is currently trading -3.64% below its 50 day moving average and -2.93% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -12.46% decrease in value from its one year high of $133.5. The RSI indicator value of 42.07, lead us to believe that it is a hold for now.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2015, it had 1.04 billion daily active users (DAUs) and 934 million DAUs who accessed Facebook from a mobile device. The company has a partnership with the Federation of Indian Chambers of Commerce and Industry to augment the Millennium Alliance initiative, as well as support and expand the development of the social enterprise sector in India. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.