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.
Macys, 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 Macys, Bloomingdales, Bloomingdales Outlet, Macys 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 Macys, Inc. in June 2007. Macys, 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 companys 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.