Momentum Stocks: MGM Resorts International (MGM), NVIDIA Corporation (NVDA), Realty Income Corporation (O)

MGM Resorts International (MGM) retreated with the stock falling -1.75% or $-0.51 to close at $28.65 on active trading volume of 9.17M compared its three months average trading volume of 7.05M. The Las Vegas Nevada 89109 based company operating under the Resorts & Casinos industry has been trending up for the last 52 weeks, with the shares price now 49.61% up for the period and down by -0.62% so far this year. With price target of $34.67 and a 65.22% rebound from 52-week low, MGM Resorts International has plenty of upside potential, making it a hold with a view buy.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

NVIDIA Corporation (NVDA) had a active trading with around 21.25M shares changing hands compared to its three month average trading volume of 18.14M. The stock traded between $106.29 and $110.15 before closing at the price of $108.78 with 0.37% change on the day. The Santa Clara California 95050 based company is currently trading 322.08% above its 52 week low of $27.22 and -10.04% below its 52 week high of $120.92. Both the RSI indicator and target price of  and $103.5 respectively, lead us to believe that it could rise over the coming weeks.

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for deep learning, accelerated computing, and general purpose computing; and GRID for cloud-based streaming on gaming devices. The Tegra Processor segment provides processors that integrate a computer onto a single chip under the Tegra brand name; DRIVE automotive computers, which offer supercomputing capabilities; and tablet and portable devices for mobile gaming under the SHIELD name. The company’s products are used in gaming, professional visualization, datacenter, and automotive markets. It sells its products primarily to original equipment manufacturers, original design manufacturers, system builders, motherboard manufacturers, add-in board manufacturers, and retailers/distributors. The company has a collaboration with ZENRIN to develop a cloud-to-car HD map solution for self-driving cars. NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California.

Realty Income Corporation (O) saw its value decrease by -1.36% as the stock dropped $-0.84 to finish the day at a closing price of $60.78. The stock was lighter in trading and has fluctuated between $52.72-$72.3 per share for the past year. The shares, which traded within a range of $60.23 to $61.59 during the day, are up by 12.96% in the past three months and down by -8.78% over the past six months. It is currently trading 1.62% above its 20 day moving average and 5.25% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $61.07 a share over the next twelve months. The current relative strength index (RSI) reading is 61.44.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Realty Income Corporation is a publicly traded real estate investment trust. It invests in the real estate markets of the United States. The firm makes investments in commercial real estate. Realty Income Corporation was founded in 1969 and is based in Escondido, California.

 

Stocks in Review: Annaly Capital Management, Inc. (NLY), MGM Resorts International (MGM), Tesla, Inc. (TSLA)

Annaly Capital Management, Inc. (NLY) traded within a range of $10.46 to $10.56 after opening the day at $10.5. The company has seen its stock increase in value by 5.52% so far this year. The stock was up close to 0.57% on light volume in last trading session and closed at $10.52 per share. After the recent gain, the stock is currently holding -1.62% below its 52 week high of $11.29 and 23.93% above its 12-month low of $9.71. The shares are up by over 6.26% in the last three months, and the RSI indicator value of 67.15 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Annaly Capital Management, Inc. owns a portfolio of real estate related investments in the United States. It invests in various types of agency mortgage-backed securities and related derivatives to hedge these investments; and residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities. The company also acquires, finances, and manages commercial loans and other commercial real estate debt, commercial mortgage-backed securities, and other commercial real estate-related assets. In addition, it engages in corporate middle market lending transactions; and operates as a broker-dealer. The company has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. Annaly Capital Management, Inc. was founded in 1997 and is based in New York, New York.

MGM Resorts International (MGM) continued its downward trend with the stock declining -0.31% or $-0.09 to close the day at $28.53 on light trading volume of 3.63M shares, compared to its three month average trading volume of 7.04M. The Las Vegas Nevada 89109 based company has been outperforming the resorts & casinos group over the past 52 weeks, with the stock gaining 68.52%, compared to the industry which has advanced 44.25% over the same period. With RSI of 43.76, the stock should still continue to rise and get closer to its one year target estimate of $34.67, making it a hold for now.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

Tesla, Inc. (TSLA) gained $0.03 to close the day at a new closing price of $269.23, a 0.01% increase in value from its previous closing price that moved the stock 89.95% above its 52 week low of $154.11. A total of 3.62M shares exchanged hands during the day compared with its three month average trading volume of 4.54M. The stock, which fluctuated between $266.11 and $270.95 during the day, currently situated -0.72% below its 52 week high. The stock is up by 17.19% in the past one month and up by 41.66% over the past three months. With a one year target estimate of $240.94 and RSI of 84.22, the stock still has upside potential, making it a sell for now.

Tesla, Inc. designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally. The company primarily offers sedans and sport utility vehicles. It also offers electric vehicle powertrain components and systems to other manufacturers. The company sells its products through a network of Tesla stores and galleries, as well as through Internet. In addition, it designs, manufactures, installs, monitors, maintains, leases, and sells solar energy systems to government, residential, and commercial customers; and sells electricity generated by solar energy systems to customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was founded in 2003 and is headquartered in Palo Alto, California.

 

3 Stocks to Watch For: The Kraft Heinz Company (KHC), Centene Corporation (CNC), MGM Resorts International (MGM)

The Kraft Heinz Company (KHC) saw its value increase by 0.43% as the stock gained $0.38 to finish the day at a closing price of $89.19. The stock was higher in trading and has fluctuated between $70.17-$90.54 per share for the past year. The shares, which traded within a range of $88.79 to $89.31 during the day, are up by 4.42% in the past three months and up by 0.73% over the past six months. It is currently trading 0.92% above its 20 day moving average and 3.44% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $90.29 a share over the next twelve months. The current relative strength index (RSI) reading is 62.77.The technical indicator lead us to believe there will be no major movement any time soon, hold.

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and rest of world. The company’s products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, snack nuts, dressings, packaged dinners, infant/nutrition products, and other grocery products. It offers its products under various brand names, including Kraft, Oscar Mayer, Heinz, Planters, Velveeta, Philadelphia, Lunchables, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, Tassimo, Plasmon, Lea & Perrins, ABC, Master, Quero, Golden Circle, Wattie’s, and Complan. The Kraft Heinz Company sells its products through independent brokers, agents and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, hotels, restaurants, hospitals, health care facilities, and certain government agencies, as well as through its own sales organizations. The company was formerly known as H.J. Heinz Holding Corporation and changed its name to The Kraft Heinz Company in July 2015. The Kraft Heinz Company was founded in 2013 and is headquartered in Pittsburgh, Pennsylvania.

Centene Corporation (CNC) shares were up in last trading by 2.49% to $68.67. It experienced higher than average volume on day. The stock increased in value by almost 6.96% over the past week and grew 10.81% in the past month. It is currently trading 14.55% above its 50 day moving average and 7.4% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -9.13% decrease in value from its one year high of $75.57. The RSI indicator value of 73.52, lead us to believe that it may reverse gains in the near term.

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.

MGM Resorts International (MGM) traded within a range of $28.44 to $28.73 after opening the day at $28.52. The company has seen its stock decrease in value by -0.66% so far this year. The stock was up close to 0.28% on light volume in last trading session and closed at $28.64 per share. After the recent gain, the stock is currently holding -6.47% below its 52 week high of $30.62 and 77.01% above its 12-month low of $16.51. The shares are up by over 5.37% in the last three months, and the RSI indicator value of 46.35 is neither bullish nor bearish, tempting investors to stay on the sidelines.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

 

Stocks Alert: Ally Financial Inc. (ALLY), The Walt Disney Company (DIS), MGM Resorts International (MGM)

Ally Financial Inc. (ALLY) retreated with the stock falling -0.26% or $-0.06 to close at $22.65 on active trading volume of 6.93M compared its three months average trading volume of 5.56M. The Detroit Michigan 48243 based company operating under the Mortgage Investment industry has been trending up for the last 52 weeks, with the shares price now 33.16% up for the period and up by 19.09% so far this year. With price target of $25.44 and a 52.63% rebound from 52-week low, Ally Financial Inc. has plenty of upside potential, making it a hold with a view buy.

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.

The Walt Disney Company (DIS) dropped $-0.73 to close the day at a new closing price of $109.57, a -0.66% decrease in value from its previous closing price that moved the stock 28.95% above its 52 week low of $86.25. A total of 6.83M shares exchanged hands during the day compared with its three month average trading volume of 8.32M. The stock, which fluctuated between $109.3 and $110.15 during the day, currently situated -2.16% below its 52 week high. The stock is up by 2.04% in the past one month and up by 18.25% over the past three months. With a one year target estimate of $114.39 and RSI of 60.58, the stock still has upside potential, making it a hold for now.

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company’s Media Networks segment operates cable programming services, including the ESPN, Disney channels, and Freeform networks; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio Network; and the Radio Disney network. It also produces and sells original live-action and animated television programming to first-run syndication and other television markets, as well as subscription video on demand services and in home entertainment formats, such as DVD, Blu-Ray, and iTunes. Its Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida and the Disneyland Resort in California. This segment also operates Disney Resort & Spa in Hawaii, Disney Vacation Club, Disney Cruise Line, and Adventures by Disney; and manages Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort, as well as licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort in Japan. The company’s Studio Entertainment segment produces and acquires live-action and animated motion pictures for distribution in the theatrical, home entertainment, and television markets primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm, and Touchstone banners. This segment also produces stage plays and musical recordings; licenses and produces live entertainment events; and provides visual and audio effects, and other post-production services. Its Consumer Products & Interactive Media segment licenses its trade names, characters, and visual and literary properties; develops and publishes games for mobile platforms; and sells its products through The Disney Store, DisneyStore.com, and MarvelStore.com, as well as directly to retailers. The company was founded in 1923 and is based in Burbank, California.

MGM Resorts International (MGM) shares were up in last trading by 0.66% to $29.05. It experienced lighter than average volume on day. The stock decreased in value by almost -0.21% over the past week and fell -1.09% in the past month. It is currently trading 0.1% above its 50 day moving average and 13.71% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -5.13% decrease in value from its one year high of $30.62. The RSI indicator value of 49.7, lead us to believe that it is a hold for now.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

 

Stocks Under Consideration: MGM Resorts International (MGM), Emerson Electric Co. (EMR), Valero Energy Corporation (VLO)

MGM Resorts International (MGM) grew with the stock adding 0.84% or $0.24 to close at $28.8 on light trading volume of 6.2M compared its three months average trading volume of 7.71M. The Las Vegas Nevada 89109 based company operating under the Resorts & Casinos industry has been trending up for the last 52 weeks, with the shares price now 55.26% up for the period and down by -0.1% so far this year. With price target of $34.5 and a 78% rebound from 52-week low, MGM Resorts International has plenty of upside potential, making it a hold with a view buy.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

Emerson Electric Co. (EMR) had a active trading with around 6.2M shares changing hands compared to its three month average trading volume of 3.58M. The stock traded between $58.42 and $59.12 before closing at the price of $58.88 with 0.17% change on the day. The St. Louis Missouri 63136 based company is currently trading 36.6% above its 52 week low of $44.62 and -3.36% below its 52 week high of $60.93. Both the RSI indicator and target price of  and $54.48 respectively, lead us to believe that it could rise over the coming weeks.

Emerson Electric Co. designs and manufactures products, and delivers services to industrial, commercial, and consumer markets worldwide. The company’s Process Management segment offers systems and software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; and digital plant architecture solutions. It also provides consulting services for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs and plants. This segment serves oil and gas, refining, chemicals, power generation, pharmaceuticals, food and beverages, pulp and paper, metal and mining, and municipal water supplies markets. Its Industrial Automation segment provides fluid power and control products; electrical distribution equipment; and materials joining and precision cleaning products, as well as hermetic motors. The company’s Climate Technologies segment supplies compressors, temperature sensors and controls, thermostats, flow controls, and remote monitoring technology and services to residential heating and cooling, commercial air conditioning, commercial and industrial refrigeration, and marine control areas. Its Commercial & Residential Solutions segment provides tools for professionals and homeowners; home storage systems; and appliance solutions. The company was formerly known as The Emerson Electric Manufacturing Company and changed its name to Emerson Electric Co. in 2000. Emerson Electric Co. was founded in 1890 and is headquartered in St. Louis, Missouri.

Valero Energy Corporation (VLO) saw its value increase by 0.08% as the stock gained $0.05 to finish the day at a closing price of $65.42. The stock was higher in trading and has fluctuated between $46.88-$71.4 per share for the past year. The shares, which traded within a range of $64.62 to $66.08 during the day, are up by 11% in the past three months and up by 22.05% over the past six months. It is currently trading -2.13% below its 20 day moving average and -1.66% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $73.84 a share over the next twelve months. The current relative strength index (RSI) reading is 45.59.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. The Refining segment is involved in refining, wholesale marketing, and bulk sales and trading activities. This segment produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), reformulated gasoline blendstock for oxygenate blending, diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel fuel, distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined products. As of February 19, 2016, it owned 15 petroleum refineries with a combined throughput capacity of approximately 3.0 million barrels per day. This segment also markets its refined products through bulk and rack marketing network; and through approximately 7,500 outlets under the Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco brand names. The Ethanol segment produces and sells ethanol and distillers grains primarily to refiners and gasoline blenders, as well as to animal feed customers. This segment operates 11 ethanol plants with a combined ethanol production capacity of approximately 1.4 billion gallons per year. The company also operates a 50-megawatt wind farm; convenience stores; filling stations, as well as truckstop, cardlock, and home heating oil facilities; and credit card business. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1955 and is headquartered in San Antonio, Texas.

 

3 Trending Stocks: MGM Resorts International (MGM), Red Hat, Inc. (RHT), Plains All American Pipeline, L.P. (PAA)

MGM Resorts International (MGM) continued its downward trend with the stock declining -1.06% or $-0.31 to close the day at $28.8 on light trading volume of 5.48M shares, compared to its three month average trading volume of 7.65M. The Las Vegas Nevada 89109 based company has been outperforming the resorts & casinos group over the past 52 weeks, with the stock gaining 43.64%, compared to the industry which has advanced 24.86% over the same period. With RSI of 47.3, the stock should still continue to rise and get closer to its one year target estimate of $34.5, making it a hold for now.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

Red Hat, Inc. (RHT) climbed 0.49% during last trading as the stock added $0.37 to finish the day at $75.88 with about 1.27M shares changing hands, compared to its three month average trading volume of 1.81M. The $13.53B market cap company, which fluctuated between $74.86 and $76.09 during the day, currently situated 27.34% above its 52 week low of $59.59 and -8.28% away from its one year high of $82.73. The RSI of 55.53 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in physical, virtual, container, and cloud environments; Red Hat Satellite, a system management offering that helps to deploy and manage Red Hat infrastructure across physical and virtual servers, and cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows customers to utilize and manage a common hardware infrastructure to run multiple operating systems and applications. The company offers application development-related and other technology solutions, such as Red Hat JBoss Middleware, a solution for developing, deploying, and managing applications, as well as integrating applications, data, and devices along with business processes automation; Red Hat cloud offerings, a software solution that enables customers to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables customers to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables customers to treat physical server storage as a scalable, shared, centrally-managed pool of virtual storage and to manage large, unstructured, or semi-structured data in physical, virtual, and cloud environments. It also provides consulting, support, and training services; and real-time operating system, distributed computing, directory services, and user authentication. The company was formerly known as Red Hat Software, Inc. and changed its name to Red Hat, Inc. in June 1999. Red Hat, Inc. was founded in 1993 and is headquartered in Raleigh, North Carolina.

Plains All American Pipeline, L.P. (PAA) saw its value increase by 1.03% as the stock gained $0.32 to finish the day at a closing price of $31.39. The stock was lighter in trading and has fluctuated between $14.82-$33.95 per share for the past year. The shares, which traded within a range of $30.95 to $31.85 during the day, are up by 2.54% in the past three months and up by 20.6% over the past six months. It is currently trading 0.27% above its 20 day moving average and 0% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $33.4 a share over the next twelve months. The current relative strength index (RSI) reading is 49.37. The technical indicator lead us to believe there will be no major movement any time soon, hold.

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.

 

Stocks Under Consideration: MGM Resorts International (MGM), Enterprise Products Partners L.P. (EPD), VMware, Inc. (VMW)

MGM Resorts International (MGM) grew with the stock adding 1.05% or $0.31 to close at $29.79 on light trading volume of 5.81M compared its three months average trading volume of 7.65M. The Las Vegas Nevada 89109 based company operating under the Resorts & Casinos industry has been trending up for the last 52 weeks, with the shares price now 54.51% up for the period and up by 3.33% so far this year. With price target of $34.5 and a 84.12% rebound from 52-week low, MGM Resorts International has plenty of upside potential, making it a hold with a view buy.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

Enterprise Products Partners L.P. (EPD) had a active trading with around 5.74M shares changing hands compared to its three month average trading volume of 5.28M. The stock traded between $28.8 and $29.45 before closing at the price of $29.09 with -2.58% change on the day. The Houston Texas 77002 based company is currently trading 48.12% above its 52 week low of $19.64 and -3.83% below its 52 week high of $30.25. Both the RSI indicator and target price of  and $32.04 respectively, lead us to believe that it could rise over the coming weeks.

Enterprise Products Partners L.P., a master limited partnership, provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services segments. The NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, as well as NGL export docks and related services. It operates approximately 19,500 miles of NGL pipelines; NGL and related product storage facilities; 15 NGL fractionators; and a liquefied petroleum gas export terminal and NGL import facility. The Crude Oil Pipelines & Services segment operates approximately 5,400 miles of crude oil pipelines and related operations; and crude oil storage and marine terminals located in Oklahoma and Texas, as well as a fleet of 478 tractor-trailer tank trucks used to transport crude oil. It also engages in crude oil marketing activities. The Natural Gas Pipelines & Services segment operates approximately 19,100 miles of natural gas pipeline systems to gather and transport natural gas in Colorado, Louisiana, New Mexico, Texas, and Wyoming. It leases underground salt dome natural gas storage facilities in Texas and Louisiana; owns an underground salt dome storage cavern in Texas; and markets natural gas. The Petrochemical & Refined Products Services segment operates propylene fractionation and related operations, including 674 miles of pipelines; butane isomerization complex, associated deisobutanizer units, and related pipeline assets; and octane enhancement and high purity isobutylene production facilities. It also operates refined products pipelines of approximately 4,200 miles; and terminals, as well as provides refined products marketing and marine transportation services. The company was founded in 1968 and is based in Houston, Texas.

VMware, Inc. (VMW) saw its value increase by 3.49% as the stock gained $2.94 to finish the day at a closing price of $87.16. The stock was higher in trading and has fluctuated between $43.25-$89.5 per share for the past year. The shares, which traded within a range of $86.23 to $89.5 during the day, are up by 18.89% in the past three months and up by 19.45% over the past six months. It is currently trading 6.95% above its 20 day moving average and 8.01% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $81.43 a share over the next twelve months. The current relative strength index (RSI) reading is 71.28.The technical indicator do not lead us to believe the stock will see more gains any time soon.

VMware, Inc. provides virtualization and cloud infrastructure solutions in the United States and internationally. Its virtualization infrastructure solutions include a suite of products and services designed to deliver a software-defined data center (SDDC), run on industry-standard desktop computers, servers, and mobile devices; and support a range of operating system and application environments, as well as networking and storage infrastructures. The company offers VMware vSphere, a SDDC platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; storage and availability products that provide data storage and protection options; network and security products; and management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement. It also provides SDDC suites, such as VMware vCloud Suite, vSphere with Operations Management, and VMware vRealize suite for building and managing cloud infrastructure for use with the VMware vSphere platform. In addition, the company offers hybrid cloud computing solutions, including VMware vCloud Air Network Service Providers and VMware vCloud Air; and end-user computing solutions, which enables IT organizations to deliver secure access to applications, data, and devices to end users. VMware, Inc. sells its products through distributors, resellers, system vendors, and systems integrators. It has a strategic alliance with Amazon Web Services, Inc. to build and deliver an integrated hybrid solution. The company was incorporated in 1998 and is headquartered in Palo Alto, California. VMware, Inc. operates as a subsidiary of Dell EMC.

 

Trader’s Round Up: MGM Resorts International (MGM), Medtronic plc (MDT), Occidental Petroleum Corporation (OXY)

MGM Resorts International (MGM) grew with the stock adding 2.03% or $0.59 to close at $29.6 on light trading volume of 6.17M compared its three months average trading volume of 7.59M. The Las Vegas Nevada 89109 based company operating under the Resorts & Casinos industry has been trending up for the last 52 weeks, with the shares price now 54.89% up for the period and up by 2.67% so far this year. With price target of $34.58 and a 82.94% rebound from 52-week low, MGM Resorts International has plenty of upside potential, making it a hold with a view buy.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

Medtronic plc (MDT) gained $0.66 to close the day at a new closing price of $74.49, a 0.89% increase in value from its previous closing price that moved the stock 7.41% above its 52 week low of $69.35. A total of 6.17M shares exchanged hands during the day compared with its three month average trading volume of 7.01M. The stock, which fluctuated between $73.59 and $74.61 during the day, currently situated -16.06% below its 52 week high. The stock is up by 3.83% in the past one month and down by -10.04% over the past three months. With a one year target estimate of $84.54 and RSI of 53.39, the stock still has upside potential, making it a hold for now.

Medtronic plc manufactures and sells device-based medical therapies worldwide. The company’s Cardiac and Vascular Group segment offers pacemakers, implantable cardioverter defibrillators and cardiac resynchronization therapy devices, AF products, diagnostics and monitoring devices, and remote monitoring and patient-centered software; and heart valves, percutaneous coronary intervention stent products, surgical valve replacement and repair products, endovascular stent grafts, peripheral vascular intervention products, and products to treat superficial and deep venous diseases. Its Minimally Invasive Therapies Group segment provides gastrointestinal diagnostics, ablation, and interventional lung solutions; stapling, vessel sealing, and other surgical instruments; sutures; electrosurgery products; hernia mechanical devices; mesh implants; products for patient monitoring and recovery; sensors; monitors; compression and dialysis, enteral feeding, and wound care products; and operating room supplies, electrodes, needles, syringes, and sharps disposals. The company’s Restorative Therapies Group segment offers products for various areas of the spine; bone graft substitutes; biologic products; trauma, implantable neurostimulation therapies, and drug delivery systems for the treatment of chronic pain, movement disorders, obsessive-compulsive disorder, overactive bladder, urinary retention, fecal incontinence, and gastroparesis; products to treat conditions of the ear, nose, throat, and neurological disorders; systems that incorporate advanced energy surgical instruments; products for haemostatic sealing of soft tissue and bone; and image-guided surgery and intra-operative imaging systems. Its Diabetes Group segment provides insulin pumps and consumables; continuous glucose monitoring systems; and Web-based therapy management software solutions. It serves hospitals, physicians, clinicians, and patients. Medtronic plc was founded in 1949 and is headquartered in Dublin, Ireland.

Occidental Petroleum Corporation (OXY) shares were up in last trading by 0.38% to $68.13. It experienced higher than average volume on day. The stock decreased in value by almost -1.72% over the past week and fell -5.85% in the past month. It is currently trading -2.31% below its 50 day moving average and -5.64% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -11.59% decrease in value from its one year high of $78.48. The RSI indicator value of 38.34, lead us to believe that it is a hold for now.

Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. The Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer and polyvinyl chloride; and other chemicals, such as resorcinol. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity, as well as oil, NGLs, gas, and other commodities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.

 

Trader Alert: MGM Resorts International (MGM), SLM Corporation (SLM), The Goldman Sachs Group, Inc. (GS)

MGM Resorts International (MGM) grew with the stock adding 1.79% or $0.51 to close at $29.01 on light trading volume of 4.47M compared its three months average trading volume of 7.56M. The Las Vegas Nevada 89109 based company operating under the Resorts & Casinos industry has been trending up for the last 52 weeks, with the shares price now 53.57% up for the period and up by 0.62% so far this year. With price target of $34.58 and a 79.3% rebound from 52-week low, MGM Resorts International has plenty of upside potential, making it a hold with a view buy.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

SLM Corporation (SLM) gained $0.36 to close the day at a new closing price of $11.72, a 3.17% increase in value from its previous closing price that moved the stock 119.48% above its 52 week low of $5.34. A total of 4.44M shares exchanged hands during the day compared with its three month average trading volume of 4.45M. The stock, which fluctuated between $11.36 and $11.77 during the day, currently situated 0.6% above its 52 week high. The stock is up by 5.97% in the past one month and up by 64.15% over the past three months. With a one year target estimate of $12.95 and RSI of 65.15, the stock still has upside potential, making it a hold for now.

SLM Corporation, together with its subsidiaries, operates as a saving, planning, and paying for education company in the United States. It offers private education loans to students and their families. The company also provides banking products, such as certificates of deposits, money market deposit accounts, and high yield savings accounts; and a consumer savings network that offers financial rewards on everyday purchases to help families save for college. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.

The Goldman Sachs Group, Inc. (GS) shares were up in last trading by 0.43% to $233.68. It experienced higher than average volume on day. The stock decreased in value by almost -0.87% over the past week and fell -3.21% in the past month. It is currently trading 1.86% above its 50 day moving average and 31.3% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -5.69% decrease in value from its one year high of $247.77. The RSI indicator value of 47.61, lead us to believe that it is a 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.

 

Momentum Stocks: VEREIT, Inc. (VER), Sprouts Farmers Market, Inc. (SFM), MGM Resorts International (MGM)

VEREIT, Inc. (VER) grew with the stock adding 1.41% or $0.12 to close at $8.61 on light trading volume of 5.54M compared its three months average trading volume of 6.48M. The Phoenix Arizona 85016 based company has been trending up for the last 52 weeks, with the shares price now 20.5% up for the period and up by 1.77% so far this year. With price target of $9.78 and a 26.86% rebound from 52-week low, VEREIT, Inc. has plenty of upside potential, making it a hold with a view buy.

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

Sprouts Farmers Market, Inc. (SFM) had a active trading with around 5.51M shares changing hands compared to its three month average trading volume of 2.67M. The stock traded between $18.81 and $19.76 before closing at the price of $18.87 with -3.28% change on the day. The Phoenix Arizona 85054 based company is currently trading 0.91% above its 52 week low of $18.7 and -37.1% below its 52 week high of $30. Both the RSI indicator and target price of  and $23.81 respectively, lead us to believe that it could rise over the coming weeks.

Sprouts Farmers Market, Inc., together with its subsidiaries, operates as a retailer of fresh, natural, and organic food in the United States. The company’s retail stores offer fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items, beer and wine, and dairy alternatives. As of November 3, 2016, it operated 252 stores in 13 states. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona.

MGM Resorts International (MGM) saw its value decrease by -0.84% as the stock dropped $-0.24 to finish the day at a closing price of $28.5. The stock was lighter in trading and has fluctuated between $16.18-$30.62 per share for the past year. The shares, which traded within a range of $28.4 to $28.88 during the day, are up by 9.11% in the past three months and up by 22.9% over the past six months. It is currently trading -1.83% below its 20 day moving average and -1.08% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $34.58 a share over the next twelve months. The current relative strength index (RSI) reading is 42.98.The technical indicator lead us to believe there will be no major movement any time soon, hold.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.