Stocks Roundup: Synergy Pharmaceuticals Inc. (SGYP), Tesla Motors, Inc. (TSLA), Marathon Petroleum Corporation (MPC)

Synergy Pharmaceuticals Inc. (SGYP) grew with the stock adding 0.77% or $0.05 to close at $6.53 on light trading volume of 3.81M compared its three months average trading volume of 4.37M. The New York New York 10170 based company operating under the Drug Manufacturers – Other industry has been trending up for the last 52 weeks, with the shares price now 74.6% up for the period and up by 7.22% so far this year. With price target of $10.67 and a 161.2% rebound from 52-week low, Synergy Pharmaceuticals Inc. has plenty of upside potential, making it a hold with a view buy.

Synergy Pharmaceuticals Inc., a biopharmaceutical company, focuses on the development of drugs to treat gastrointestinal (GI) disorders and diseases. Its lead product candidate is plecanatide, a guanylyl cyclase C receptor agonist that is in Phase III clinical trials to treat chronic idiopathic constipation GI disorders; and for the treatment of constipation-predominant irritable bowel syndrome GI disorders. The company is also developing SP-333, which is in Phase II clinical trials to treat opioid induced constipation, as well as in Phase Ib clinical trials to treat ulcerative colitis. The company has a research collaboration with BIND Therapeutics, Inc. to develop ACCURINS for treatment of a range of cells with novel therapeutic payloads. Synergy Pharmaceuticals Inc. is headquartered in New York, New York.

Tesla Motors, Inc. (TSLA) had a light trading with around 3.76M shares changing hands compared to its three month average trading volume of 4.7M. The stock traded between $235.58 and $239.71 before closing at the price of $238.36 with 1.18% change on the day. The Palo Alto California 94304 based company is currently trading 68.99% above its 52 week low of $141.05 and -11.5% below its 52 week high of $269.34. Both the RSI indicator and target price of  and $238.75 respectively, lead us to believe that it could rise over the coming weeks.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally. It primarily offers sedans and sport utility vehicles. The company also offers electric vehicle powertrain components and systems to other manufacturers. It sells its products through a network of Tesla stores and galleries, as well as through Internet. In addition, the company 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. Tesla Motors, Inc. was founded in 2003 and is headquartered in Palo Alto, California.

Marathon Petroleum Corporation (MPC) saw its value increase by 0.35% as the stock gained $0.17 to finish the day at a closing price of $48.9. The stock was lighter in trading and has fluctuated between $29.24-$54.59 per share for the past year. The shares, which traded within a range of $48.2 to $49.34 during the day, are up by 17.81% in the past three months and up by 32.52% over the past six months. It is currently trading -2.33% below its 20 day moving average and 2.68% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $62 a share over the next twelve months. The current relative strength index (RSI) reading is 49.63.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feed stocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded independent entrepreneurs, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of December 31, 2015, it owned, leased, and had ownership interests in approximately 8,400 miles of crude oil and refined product pipelines, as well as owned and operated 2,766 gasoline and convenience stores in 22 states of the United States; and had 5,600 retail outlets operated by independent entrepreneurs in 19 states in the United States. The company was incorporated in 2009 and is headquartered in Findlay, Ohio.

 

3 Stocks in Focus: Marathon Petroleum Corporation (MPC), Tiffany & Co. (TIF), Time Warner Inc. (TWX)

Marathon Petroleum Corporation (MPC) climbed 0.72% during last trading as the stock added $0.35 to finish the day at $48.73 with about 5.12M shares changing hands, compared to its three month average trading volume of 6.42M. The $26.18B market cap company, which fluctuated between $48.26 and $49.6 during the day, currently situated 72.83% above its 52 week low of $29.24 and -10.73% away from its one year high of $54.59. The RSI of 48.28 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feed stocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded independent entrepreneurs, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of December 31, 2015, it owned, leased, and had ownership interests in approximately 8,400 miles of crude oil and refined product pipelines, as well as owned and operated 2,766 gasoline and convenience stores in 22 states of the United States; and had 5,600 retail outlets operated by independent entrepreneurs in 19 states in the United States. The company was incorporated in 2009 and is headquartered in Findlay, Ohio.

Tiffany & Co. (TIF) dropped $-2.02 to close the day at a new closing price of $79.9, a -2.47% decrease in value from its previous closing price that moved the stock 41.86% above its 52 week low of $56.99. A total of 5.1M shares exchanged hands during the day compared with its three month average trading volume of 1.69M. The stock, which fluctuated between $78.57 and $81.3 during the day, currently situated -5.96% below its 52 week high. The stock is down by -3.4% in the past one month and up by 10.59% over the past three months. With a one year target estimate of $84.91 and RSI of 54.41, the stock still has upside potential, making it a hold for now.

Tiffany & Co., through its subsidiaries, designs, manufactures, and retails jewelry and other items worldwide. Its jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, and gold jewelry. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories. In addition, it wholesales diamonds to third parties. The company offers its products through retail sales, Internet and catalog sales, business-to-business sales, and wholesale distribution. As of January 31, 2016, it operated 124 stores in the Americas, 81 stores in the Asia-Pacific, 56 stores in Japan, 41 stores in Europe, and 5 stores in the United Arab Emirates. Tiffany & Co. was founded in 1837 and is headquartered in New York, New York.

Time Warner Inc. (TWX) had a light trading with around 5.1M shares changing hands compared to its three month average trading volume of 6.92M. The stock traded between $93.55 and $94.91 before closing at the price of $94.87 with 0.78% change on the day. The New York New York 10019 based company is currently trading 74.46% above its 52 week low of $55.53 and -2.41% below its 52 week high of $97.21. Both the RSI indicator and target price of 55.65 and $103.45 respectively, lead us to believe that it should be put on hold over the coming weeks.

Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment owns and operates a portfolio of cable television networks and related properties that offer entertainment, sports, kids, and news programming on television and digital platforms for consumers. It operates approximately 180 channels in 200 countries. The Turner segment’s networks and related properties include TNT, TBS, Adult Swim, truTV, Turner Classic Movies, Turner Sports, Cartoon Network, Boomerang, CNN, and HLN; and digital media properties comprise bleacherreport.com, NBA.com, NBA Mobile, NCAA.com, PGA.com, tntdrama.com, TBS.com, adultswim.com, and cartoonnetwork.com. It also licenses original programming to subscription-video-on-demand (SVOD) services and other over-the-top services, and its brands and characters for consumer products other business ventures. This segment serves cable system operators, satellite service distributors, telephone companies, and other distributors. The Home Box Office segment provides premium pay and basic tier television services comprising HBO and Cinemax; sells its original programming through physical and digital formats; and licenses home entertainment and content to international television networks and SVOD services. As of December 31, 2015, this segment had 49 million domestic subscribers. The Warner Bros. segment produces, distributes, and licenses television programming and feature films; distributes digital and physical home entertainment products; and produces and distributes videogames, as well as licenses consumer products and brands. The company was formerly known as AOL Time Warner, Inc. and changed its name to Time Warner Inc. in 2003. Time Warner Inc. was founded in 1985 and is headquartered in New York, New York.

 

Equities Trend Analysis: Macy’s, Inc. (M), The Dow Chemical Company (DOW), Marathon Petroleum Corporation (MPC)

Macy’s, Inc. (M) retreated with the stock falling -0.33% or $-0.1 to close at $29.88 on light trading volume of 5.85M compared its three months average trading volume of 6.67M. The Cincinnati Ohio 45202 based company operating under the Department Stores industry has been trending down for the last 52 weeks, with the shares price now -17.4% down for the period and down by -16.56% so far this year. With price target of $37.1 and a 2.99% rebound from 52-week low, Macy’s, Inc. has plenty of upside potential, making it a hold with a view buy.

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.

The Dow Chemical Company (DOW) had a light trading with around 5.76M shares changing hands compared to its three month average trading volume of 6.93M. The stock traded between $57.73 and $58.33 before closing at the price of $57.8 with -0.84% change on the day. The Midland Michigan 48674 based company is currently trading 48.66% above its 52 week low of $40.26 and -2.17% below its 52 week high of $59.33. Both the RSI indicator and target price of  and $62.82 respectively, lead us to believe that it could rise over the coming weeks.

The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments. The Agricultural Sciences segment provides crop protection and seed/plant biotechnology products and technologies, urban pest management solutions, and healthy oils. The Consumer Solutions segment offers semiconductors and organic light-emitting diodes, and adhesives and foams used by the transportation industry; and cellulosics and other polymers for innovative pharmaceutical formulations and food solutions. It serves automotive, electronics and entertainment, food and pharmaceuticals, and personal and home care products markets. The Infrastructure Solutions segment provides architectural and industrial coatings, construction material ingredients, building insulation, adhesives, and microbial protection products for the oil and gas industry; water technologies; monomers; and silicone and silicone products. The Performance Materials & Chemicals segment offers chlorine and caustic soda; industrial solutions; and propylene oxides, propylene glycols, polyether polyols, and aromatic isocyanates. The Performance Plastics segment provides elastomers, polyolefin plastomers, and ethylene propylene diene monomer elastomers; wire and cable insulation, semiconductive, and jacketing compound solutions, as well as bio-based plasticizers; acrylics, polyethylene, polyolefin emulsions, and polyolefin plastomers; and ethylene, propylene, benzene, butadiene, cumene, octene, aromatics co-products, and crude c4. The company was founded in 1897 and is headquartered in Midland, Michigan.

Marathon Petroleum Corporation (MPC) saw its value decrease by -1.77% as the stock dropped $-0.87 to finish the day at a closing price of $48.38. The stock was lighter in trading and has fluctuated between $29.24-$54.59 per share for the past year. The shares, which traded within a range of $47.85 to $49.14 during the day, are up by 17.37% in the past three months and up by 34.62% over the past six months. It is currently trading -3.39% below its 20 day moving average and 2.21% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $62 a share over the next twelve months. The current relative strength index (RSI) reading is 46.33.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feed stocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded independent entrepreneurs, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of December 31, 2015, it owned, leased, and had ownership interests in approximately 8,400 miles of crude oil and refined product pipelines, as well as owned and operated 2,766 gasoline and convenience stores in 22 states of the United States; and had 5,600 retail outlets operated by independent entrepreneurs in 19 states in the United States. The company was incorporated in 2009 and is headquartered in Findlay, Ohio.

 

Momentum Stocks in Focus: Hovnanian Enterprises, Inc. (HOV), Marathon Petroleum Corporation (MPC), Chico’s FAS, Inc. (CHS)

Hovnanian Enterprises, Inc. (HOV) continued its downward trend with the stock declining -9.93% or $-0.27 to close the day at $2.45 on active trading volume of 3.96M shares, compared to its three month average trading volume of 1.76M. The Red Bank New Jersey 07701 based company has been outperforming the residential construction group over the past 52 weeks, with the stock gaining 62.25%, compared to the industry which has advanced 14.% over the same period. With RSI of 42.89, the stock should still continue to rise and get closer to its one year target estimate of $1.88, making it a hold for now.

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters in 167 communities in 33 markets. It also provides financial services comprising originating mortgages from homebuyers and selling such mortgages in the secondary market, as well as offers title insurance services. The company was founded in 1959 and is headquartered in Red Bank, New Jersey.

Marathon Petroleum Corporation (MPC) retreated with the stock falling -0.83% or $-0.41 to close at $49.25 on light trading volume of 3.95M compared its three months average trading volume of 6.39M. The Findlay Ohio 45840 based company operating under the Oil & Gas Refining & Marketing industry has been trending up for the last 52 weeks, with the shares price now 20.8% up for the period and down by -2.18% so far this year. With price target of $60.35 and a 74.67% rebound from 52-week low, Marathon Petroleum Corporation has plenty of upside potential, making it a hold with a view buy.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feed stocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded independent entrepreneurs, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of December 31, 2015, it owned, leased, and had ownership interests in approximately 8,400 miles of crude oil and refined product pipelines, as well as owned and operated 2,766 gasoline and convenience stores in 22 states of the United States; and had 5,600 retail outlets operated by independent entrepreneurs in 19 states in the United States. The company was incorporated in 2009 and is headquartered in Findlay, Ohio.

Chico’s FAS, Inc. (CHS) continued its downward trend with the stock declining -2.76% or $-0.38 to close the day at $13.38 on higher than average trading volume of 3.94M shares, compared to its three month average trading volume of 2.26M. The Fort Myers Florida 33966 based company has been underperforming the apparel stores companies by 8.5% for last three months and its recent gains have offset losses to -7.02% YTD, versus the apparel stores industry which is down -2.64% for the same period. The RSI of 32.13 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Chico’s FAS, Inc. operates as an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items. The company’s portfolio of brands consists of the Chico’s, White House Black Market (WHBM), and Soma, and Boston Proper. The Chico’s brand primarily sells private branded clothing focusing on women 45 and older. The WHBM brand sells private branded clothing and accessories, such as shoes, belts, scarves, handbags, and jewelry focusing on women who are 35 years old and over. The Soma brand sells designed private branded lingerie, sleepwear, loungewear, and beauty products focusing on women who are 35 years old and over. The Boston Proper brand sells women’s apparel and accessories focusing on women between 35 and 55 years old. As of January 30, 2016, it operated 1,518 retail stores in 48 states, the U.S. Virgin Islands, Puerto Rico, and Canada. The company also sells through its Websites and catalogs. Chico’s FAS, Inc. was founded in 1983 and is headquartered in Fort Myers, Florida.

 

3 Stocks to Watch For: The Charles Schwab Corporation (SCHW), SUPERVALU Inc. (SVU), Marathon Petroleum Corporation (MPC)

The Charles Schwab Corporation (SCHW) saw its value increase by 0.17% as the stock gained $0.07 to finish the day at a closing price of $41.19. The stock was lighter in trading and has fluctuated between $21.51-$41.52 per share for the past year. The shares, which traded within a range of $40.99 to $41.49 during the day, are up by 27.21% in the past three months and up by 54.62% over the past six months. It is currently trading 3.27% above its 20 day moving average and 9.67% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $41.33 a share over the next twelve months. The current relative strength index (RSI) reading is 68.57.The technical indicator lead us to believe there will be no major movement any time soon, hold.

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, money management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; and stock plan services, compliance solutions, and mutual fund clearing services, as well as engages in the off-platform sales business. The Advisor Services segment provides custodial, trading, and support services; and retirement and corporate brokerage retirement services. The company provides brokerage accounts with cash management capabilities; third-party mutual funds through the Mutual Fund Marketplace, including no-transaction fee mutual funds through the Mutual Fund OneSource service, which includes proprietary mutual funds, plus mutual fund trading, and clearing services to broker-dealers; exchange-traded funds (ETFs), including proprietary and third-party ETFs; and advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio management. It also offers banking products and services, including checking and savings accounts, certificates of deposit, first lien residential real estate mortgage loans, home equity loans and lines of credit, and Pledged Asset Lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services. The company serves individuals and institutional clients in the United States, the Commonwealth of Puerto Rico, London, and Hong Kong. The Charles Schwab Corporation was founded in 1971 and is headquartered in San Francisco, California.

SUPERVALU Inc. (SVU) shares were up in last trading by 2.35% to $4.79. It experienced higher than average volume on day. The stock increased in value by almost 3.01% over the past week and fell -3.23% in the past month. It is currently trading 1.8% above its 50 day moving average and -2.47% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -22.37% decrease in value from its one year high of $6.17. The RSI indicator value of 50.21, lead us to believe that it is a hold for now.

SUPERVALU INC., together with its subsidiaries, operates as a grocery wholesaler and retailer in the United States. The company operates through three segments: Wholesale, Save-A-Lot, and Retail. The Wholesale segment offers wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store independent operators, regional chains, and the military. This segment operates approximately 1,796 stores with a network spanning 40 states. The Save-A-Lot segment owns, operates, and licenses 1,360 discount grocery stores under the Save-A-Lot banner, including 897 licensed Save-A-Lot stores and 463 company-operated stores. The Retail segment operates retail stores that provide groceries and various additional products, including general merchandise, home, health and beauty care, and pharmacy products. This segment operates 200 stores under the Cub Foods, Shoppers Food & Pharmacy, Shop ’n Save, Farm Fresh, and Hornbacher’s banners, as well as 2 Rainbow and 2 County Market stores. The company provides a range of brand name and private-label products comprising perishable and nonperishable grocery products. SUPERVALU INC. was founded in 1871 and is headquartered in Eden Prairie, Minnesota.

Marathon Petroleum Corporation (MPC) traded within a range of $48.97 to $49.96 after opening the day at $49.5. The company has seen its stock decrease in value by -2.74% so far this year. The stock was down close to -0.99% on light volume in last trading session and closed at $48.97 per share. After the recent fall, the stock is currently holding -10.29% below its 52 week high of $54.59 and 73.68% above its 12-month low of $29.24. The shares are up by over 16.26% in the last three months, and the RSI indicator value of 48.99 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feed stocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded independent entrepreneurs, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of December 31, 2015, it owned, leased, and had ownership interests in approximately 8,400 miles of crude oil and refined product pipelines, as well as owned and operated 2,766 gasoline and convenience stores in 22 states of the United States; and had 5,600 retail outlets operated by independent entrepreneurs in 19 states in the United States. The company was incorporated in 2009 and is headquartered in Findlay, Ohio.

 

Stocks Under Review: Marathon Petroleum Corporation (MPC), Novavax, Inc. (NVAX), Cliffs Natural Resources Inc. (CLF)

Marathon Petroleum Corporation (MPC) continued its downward trend with the stock declining -1.81% or $-0.91 to close the day at $49.46 on active trading volume of 8.04M shares, compared to its three month average trading volume of 6.29M. The Findlay Ohio 45840 based company has been outperforming the oil & gas refining & marketing group over the past 52 weeks, with the stock gaining 11.05%, compared to the industry which has advanced 5.64% over the same period. With RSI of 52.38, the stock should still continue to rise and get closer to its one year target estimate of $60.35, making it a hold for now.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feed stocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded independent entrepreneurs, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of December 31, 2015, it owned, leased, and had ownership interests in approximately 8,400 miles of crude oil and refined product pipelines, as well as owned and operated 2,766 gasoline and convenience stores in 22 states of the United States; and had 5,600 retail outlets operated by independent entrepreneurs in 19 states in the United States. The company was incorporated in 2009 and is headquartered in Findlay, Ohio.

Novavax, Inc. (NVAX) grew with the stock adding 3.65% or $0.05 to close at $1.42 on light trading volume of 7.86M compared its three months average trading volume of 8.41M. The Gaithersburg Maryland 20878 based company operating under the Biotechnology industry has been trending down for the last 52 weeks, with the shares price now -79.92% down for the period and up by 12.7% so far this year. With price target of $3.29 and a 22.41% rebound from 52-week low, Novavax, Inc. has plenty of upside potential, making it a hold with a view buy.

Novavax, Inc., a clinical-stage vaccine company, focuses on discovering, developing, and commercializing recombinant nanoparticle vaccines and adjuvants. The company produces its vaccines using its proprietary recombinant nanoparticle vaccine technology. Its product pipeline includes respiratory syncytial virus (RSV) vaccine candidates for elderly and maternal immunization that are in Phase III clinical trials, as well as pediatric RSV candidate, which is in Phase I clinical trial; seasonal quadrivalent influenza and pandemic H7N9 vaccines, which are in Phase II clinical trials; vaccine candidate against Ebola Virus that is Phase I clinical trial, as well as combination respiratory vaccine candidate and seasonal influenza vaccine candidate that is in pre-clinical trial; and rabies G protein vaccine candidate, which is in Phase I/II clinical trial. The company also has pre-clinical stage programs for various infectious diseases, including the Middle East respiratory syndrome coronavirus; and develops technology for the production of immune stimulating saponin-based adjuvants. Novavax, Inc. was founded in 1987 and is headquartered in Gaithersburg, Maryland.

Cliffs Natural Resources Inc. (CLF) continued its downward trend with the stock declining -0.47% or $-0.04 to close the day at $8.43 on higher than average trading volume of 7.84M shares, compared to its three month average trading volume of 13.57M. The Cleveland Ohio 44114 based company has been outperforming the industrial metals & minerals companies by 50.4132% for last three months and its recent gains have pushed the stock slightly up 0.24% YTD, versus the industrial metals & minerals industry which is up 2.89% for the same period. The RSI of 47.01 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Cliffs Natural Resources Inc., a mining and natural resources company, produces and supplies iron ore. The company operates five iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia, which produces lump and fines iron ore. It also own two iron ore mines in Eastern Canada. Cliffs Natural Resources Inc. sells its iron products to integrated steel companies and steel producers in the United States, China, Canada, and internationally. The company was formerly known as Cleveland-Cliffs Inc. Cliffs Natural Resources Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

 

3 Notable Runners: Marathon Petroleum Corporation (MPC), AbbVie Inc. (ABBV), Depomed, Inc. (DEPO)

Marathon Petroleum Corporation (MPC) continued its downward trend with the stock declining -1.33% or $-0.68 to close the day at $50.37 on lower than average trading volume of 4.74M shares, compared to its three month average trading volume of 6.31M. The Findlay Ohio 45840 based company has been outperforming the oil & gas refining & marketing companies by 19.7707% for last three months and its recent gains have pushed the stock slightly up 0.04% YTD, versus the oil & gas refining & marketing industry which is down -0.57% for the same period. The RSI of 56.48 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feed stocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded independent entrepreneurs, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of December 31, 2015, it owned, leased, and had ownership interests in approximately 8,400 miles of crude oil and refined product pipelines, as well as owned and operated 2,766 gasoline and convenience stores in 22 states of the United States; and had 5,600 retail outlets operated by independent entrepreneurs in 19 states in the United States. The company was incorporated in 2009 and is headquartered in Findlay, Ohio.

AbbVie Inc. (ABBV) had a light trading with around 4.72M shares changing hands compared to its three month average trading volume of 7.68M. The stock traded between $63.52 and $64 before closing at the price of $63.79 with 0.03% change on the day. The North Chicago Illinois 60064 based company is currently trading 29.3% above its 52 week low of $50.71 and -5.49% below its 52 week high of $68.12. Both the RSI indicator and target price of 64.59 and $70 respectively, lead us to believe that it should be put on hold over the coming weeks.

AbbVie Inc. discovers, develops, manufactures, and sells pharmaceutical products worldwide. The company offers HUMIRA, a biologic therapy administered as a subcutaneous injection to treat autoimmune diseases; IMBRUVICA, an oral therapy for the treatment of chronic lymphocytic leukemia; and VIEKIRA PAK, an interferon-free therapy, with or without ribavirin, for adults with genotype 1 chronic hepatitis, including those with compensated cirrhosis. It also provides Kaletra, an anti-HIV-1 medicine used with other anti-HIV-1 medications as a treatment that maintains viral suppression in HIV-1 patients; Norvir, a protease inhibitor indicated in combination with other antiretroviral agents to treat HIV-1; and Synagis to prevent respiratory syncytial virus infection in high risk infants. In addition, the company offers AndroGel, a testosterone replacement therapy for males diagnosed with symptomatic low testosterone; Creon, a pancreatic enzyme therapy for exocrine pancreatic insufficiency; Synthroid to treat hypothyroidism; and Lupron, a product for the palliative treatment of prostate cancer, and endometriosis and central precocious puberty, as well as for the treatment of patients with anemia. Further, it provides Duopa and Duodopa, a levodopa-carbidopa intestinal gel to treat Parkinson’s disease; Sevoflurane, an anesthesia product for human use; TriCor, Trilipix, and Niaspan to treat metabolic conditions characterized by high cholesterol and/or high triglycerides; and Zemplar to treat secondary hyperparathyroidism. The company sells its products to wholesalers, distributors, government agencies, health care facilities, specialty pharmacies, and independent retailers from its distribution centers and public warehouses. AbbVie Inc. has strategic collaboration with C2N Diagnostics; Calico Life Sciences LLC; Infinity Pharmaceuticals, Inc.; Ablynx NV; Galapagos NV; and Alvine Pharmaceuticals, Inc. The company was incorporated in 2012 and is based in North Chicago, Illinois.

Depomed, Inc. (DEPO) traded within a range of $18.91 to $21.27 after opening the day at $21.1. The company has seen its stock increase in value by 6.38% so far this year. The stock was down close to -8.37% on active volume in last trading session and closed at $19.17 per share. After the recent fall, the stock is currently holding -29.05% below its 52 week high of $27.02 and 56.49% above its 12-month low of $12.25. The shares are down by over -24.73% in the last three months, and the RSI indicator value of 47.91 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Depomed, Inc., a specialty pharmaceutical company, engages in the development, sale, and licensing of products for pain and other central nervous system conditions in the United States. It offers Gralise (gabapentin), an once-daily product for the management of postherpetic neuralgia; CAMBIA (diclofenac potassium for oral solution), a non-steroidal anti-inflammatory drug indicated for acute treatment of migraine attacks in adults; Zipsor (diclofenac potassium) liquid filled capsule, a non-steroidal anti-inflammatory drug for the treatment of mild to moderate acute pain in adults; and Lazanda (fentanyl) nasal spray, an intranasal fentanyl drug used to manage breakthrough pain in adults. The company also provides NUCYNTA ER (tapentadol extended release tablets), a product for the management of pain severe enough to long term opioid treatment, including neuropathic pain associated with diabetic peripheral neuropathy (DPN) in adults; and NUCYNTA (tapentadol), a product for the management of moderate to severe acute pain in adults. In addition, it is involved in the clinical development of IW-3718 refractory gastroesophageal reflux disease program using Acuform drug delivery technology; and Cebranopadol, a molecule for the treatment of chronic nociceptive and neuropathic pain. Depomed, Inc. sells its Gralise products to wholesalers and retail pharmacies. The company also has a portfolio of license agreements based on its proprietary Acuform gastroretentive drug delivery technology with Mallinckrodt Inc.; Ironwood Pharmaceuticals, Inc.; and Janssen Pharmaceuticals, Inc. The company was founded in 1995 and is headquartered in Newark, California.

 

Stocks Alert: Marathon Petroleum Corporation (MPC), Gilead Sciences Inc. (GILD), Hewlett Packard Enterprise Company (HPE)

Marathon Petroleum Corporation (MPC) retreated with the stock falling -0.37% or $-0.19 to close at $51.05 on active trading volume of 9.53M compared its three months average trading volume of 6.24M. The Findlay Ohio 45840 based company operating under the Oil & Gas Refining & Marketing industry has been trending up for the last 52 weeks, with the shares price now 8.66% up for the period and up by 1.39% so far this year. With price target of $56.15 and a 81.06% rebound from 52-week low, Marathon Petroleum Corporation has plenty of upside potential, making it a hold with a view buy.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feed stocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded independent entrepreneurs, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of December 31, 2015, it owned, leased, and had ownership interests in approximately 8,400 miles of crude oil and refined product pipelines, as well as owned and operated 2,766 gasoline and convenience stores in 22 states of the United States; and had 5,600 retail outlets operated by independent entrepreneurs in 19 states in the United States. The company was incorporated in 2009 and is headquartered in Findlay, Ohio.

Gilead Sciences Inc. (GILD) dropped $-0.37 to close the day at a new closing price of $76.01, a -0.48% decrease in value from its previous closing price that moved the stock 8% above its 52 week low of $70.83. A total of 9.41M shares exchanged hands during the day compared with its three month average trading volume of 9.59M. The stock, which fluctuated between $75.57 and $76.85 during the day, currently situated -24.93% below its 52 week high. The stock is up by 5.72% in the past one month and down by -1.38% over the past three months. With a one year target estimate of $95.19 and RSI of 61.12, the stock still has upside potential, making it a hold for now.

Gilead Sciences Inc., a research-based biopharmaceutical company, discovers, develops, and commercializes medicines in areas of unmet medical needs in North America, South America, Europe, and the Asia-Pacific. The company’s products include Genvoya, Stribild, Complera/Eviplera, Atripla, Truvada, Viread, Emtriva, Tybost, and Vitekta for the treatment of human immunodeficiency virus (HIV) infection in adults; and Harvoni, Sovaldi, Viread, and Hepsera products for the treatment of liver diseases. It also offers Zydelig, a PI3K delta inhibitor, in combination with rituximab, for the treatment of certain blood cancers; Letairis, an endothelin receptor antagonist for the treatment of pulmonary arterial hypertension; Ranexa, a tablet used for the treatment of chronic angina; Lexiscan/Rapiscan injection for use as a pharmacologic stress agent in radionuclide myocardial perfusion imaging; Cayston, an inhaled antibiotic for the treatment of respiratory systems in cystic fibrosis patients; and Tamiflu, an oral antiviral capsule for the treatment and prevention of influenza A and B. In addition, the company provides other products, such as AmBisome, an antifungal agent to treat serious invasive fungal infections; and Macugen, an anti-angiogenic oligonucleotide to treat neovascular age-related macular degeneration. Further, it has product candidates in various stages of development for the treatment of HIV/AIDS and liver diseases, such as hepatitis B virus and hepatitis C virus; inflammation/oncology; serious cardiovascular; and respiratory conditions, as well as diabetic nephropathy and ebola. The company markets its products through its commercial teams and/or in conjunction with third-party distributors and corporate partners. Gilead Sciences Inc. has collaboration agreements with Bristol-Myers Squibb Company, Janssen R&D Ireland, Japan Tobacco Inc., and Galapagos NV. The company was founded in 1987 and is headquartered in Foster City, California.

Hewlett Packard Enterprise Company (HPE) shares were up in last trading by 0.47% to $23.56. It experienced lighter than average volume on day. The stock increased in value by almost 1.12% over the past week and fell -2.43% in the past month. It is currently trading 1.38% above its 50 day moving average and 15.51% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -4.71% decrease in value from its one year high of $24.79. The RSI indicator value of 52.56, lead us to believe that it is a hold for now.

Hewlett Packard Enterprise Company provides technology solutions to business and public sector enterprises. It operates through Enterprise Group, Software, Enterprise Services, and Financial Services segments. The Enterprise Group segment offers industry standard servers and mission-critical servers to address the array of its customers’ computing needs; converged storage solutions, including 3PAR StoreServ, StoreOnce, all-flash arrays, and software defined and StoreVirtual products; wireless local area network equipment, mobility and security software, switches, routers, and network management products; and support and technology consulting services. The Software segment offers software to capture, store, explore, analyze, protect, and share information and insights within and outside organizations; HP Vertica, an analytics database technology for machine, structured, and semi-structured data; and HP IDOL, an analytics tool for human information, as well as solutions for archiving, data protection, eDiscovery, information governance, and enterprise content management. This segment also provides application delivery management, enterprise security, and IT operations management software products. The Enterprise Services segment offers technology consulting, outsourcing, and support services in infrastructure, applications, and business process domains within traditional and strategic enterprise service (SES) offerings, which include analytics and data management, security, and cloud services. The Financial Services segment provides leasing, financing, IT consumption and utility programs, and asset management services. The company markets and sells its products through resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. Hewlett Packard Enterprise Company is headquartered in Palo Alto, California.

 

Stocks Roundup: Tesla Motors, Inc. (TSLA), Comcast Corporation (CMCSA), Marathon Petroleum Corporation (MPC)

Tesla Motors, Inc. (TSLA) grew with the stock adding 4.61% or $10 to close at $226.99 on light trading volume of 11.2M compared its three months average trading volume of 4.37M. The Palo Alto California 94304 based company operating under the Auto Manufacturers – Major industry has been trending up for the last 52 weeks, with the shares price now 1.59% up for the period and up by 6.22% so far this year. With price target of $236 and a 60.93% rebound from 52-week low, Tesla Motors, Inc. has plenty of upside potential, making it a hold with a view buy.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally. It primarily offers sedans and sport utility vehicles. The company also offers electric vehicle powertrain components and systems to other manufacturers. It sells its products through a network of Tesla stores and galleries, as well as through Internet. In addition, the company 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. Tesla Motors, Inc. was founded in 2003 and is headquartered in Palo Alto, California.

Comcast Corporation (CMCSA) had a active trading with around 11.01M shares changing hands compared to its three month average trading volume of 10.59M. The stock traded between $69.18 and $70.25 before closing at the price of $69.87 with 1.19% change on the day. The Philadelphia Pennsylvania 19103 based company is currently trading 35.75% above its 52 week low of $52.34 and -1.65% below its 52 week high of $71.32. Both the RSI indicator and target price of  and $76.14 respectively, lead us to believe that it could rise over the coming weeks.

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand. This segment also provides business services, such as Ethernet network services; cellular backhaul services to mobile network operators; and advertising services on cable networks, as well as on other platforms, such as digital, radio, and print media. The Cable Networks segment operates national cable networks, which provide entertainment, news and information, and sports content; regional sports and news networks; international cable networks; and cable television studio production operations, as well as owns various digital media properties, which primarily include brand-aligned Websites. The Broadcast Television segment operates NBC and Telemundo broadcast networks, NBC and Telemundo owned local broadcast television stations, broadcast television studio production operations, and related digital media properties. The Filmed Entertainment segment produces, acquires, markets, and distributes live-action and animated filmed entertainment, principally under the Universal Pictures, Illumination, and Focus Features names. This segment also develops, produces, and licenses stage plays. The Theme Parks segment operates Universal theme parks in Orlando, Florida, as well as in Hollywood, California; Universal studios theme park in Osaka, Japan; Wet ‘n Wild, a water park in Orlando, Florida; and CityWalk, a dining, retail, and entertainment complex. The company also owns the Philadelphia Flyers, as well as the Wells Fargo Center arena in Philadelphia, Pennsylvania; and operates arena management-related businesses. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.

Marathon Petroleum Corporation (MPC) saw its value decrease by -3.19% as the stock dropped $-1.69 to finish the day at a closing price of $51.24. The stock was higher in trading and has fluctuated between $29.24-$54.59 per share for the past year. The shares, which traded within a range of $51.03 to $53.5 during the day, are up by 24.85% in the past three months and up by 42.77% over the past six months. It is currently trading 3.07% above its 20 day moving average and 10.46% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $56.15 a share over the next twelve months. The current relative strength index (RSI) reading is 61.77.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feed stocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded independent entrepreneurs, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of December 31, 2015, it owned, leased, and had ownership interests in approximately 8,400 miles of crude oil and refined product pipelines, as well as owned and operated 2,766 gasoline and convenience stores in 22 states of the United States; and had 5,600 retail outlets operated by independent entrepreneurs in 19 states in the United States. The company was incorporated in 2009 and is headquartered in Findlay, Ohio.

 

Trader’s Buzzers: Marathon Petroleum Corporation (MPC), NIKE, Inc. (NKE), Applied Materials, Inc. (AMAT)

Marathon Petroleum Corporation (MPC) traded within a range of $52.44 to $54.59 after opening the day at $53.7. The company has seen its stock increase in value by 5.12% so far this year. The stock was up close to 5.12% on active volume in last trading session and closed at $52.93 per share. After the recent gain, the stock is currently holding 3.48% above its 52 week high of $54.59 and 87.73% above its 12-month low of $29.24. The shares are up by over 30.29% in the last three months, and the RSI indicator value of 72.63 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feed stocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded independent entrepreneurs, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of December 31, 2015, it owned, leased, and had ownership interests in approximately 8,400 miles of crude oil and refined product pipelines, as well as owned and operated 2,766 gasoline and convenience stores in 22 states of the United States; and had 5,600 retail outlets operated by independent entrepreneurs in 19 states in the United States. The company was incorporated in 2009 and is headquartered in Findlay, Ohio.

NIKE, Inc. (NKE) managed to rebound with the stock climbing 2.26% or $1.15 to close the day at $51.98 on light trading volume of 13.25M shares, compared to its three month average trading volume of 8.99M. The Beaverton Oregon 97005 based company has been underperforming the textile – apparel footwear & accessories group over the past 52 weeks, with the stock losing -14.5%, compared to the industry which has dropped -9.5% over the same period. With RSI of 56.31, the stock should still continue to rise and get closer to its one year target estimate of $62, making it a hold for now.

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers products in nine categories, including running, NIKE basketball, the Jordan brand, football, men’s training, women’s training, action sports, sportswear, and golf. The company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking, and outdoor activities. In addition, it sells sports apparel; and markets apparel with licensed college and professional team and league logos. Further, the company sells a line of performance equipment, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, golf clubs, and other equipment under the NIKE brand name for sports activities; various plastic products to other manufacturers; athletic and casual footwear, apparel, and accessories under the Jumpman trademark; action sports and youth lifestyle apparel and accessories under the Hurley trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. Additionally, it licenses agreements that permit unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. The company sells its products to footwear stores, sporting goods stores, athletic specialty stores, department stores, skate, tennis and golf shops, and other retail accounts through NIKE-owned retail stores and Internet Websites (direct to consumer operations), as well as independent distributors and licensees. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.

Applied Materials, Inc. (AMAT) dropped $-0.33 to close the day at a new closing price of $31.94, a -1.02% decrease in value from its previous closing price that moved the stock 110.29% above its 52 week low of $15.44. A total of 13.19M shares exchanged hands during the day compared with its three month average trading volume of 11.07M. The stock, which fluctuated between $31.66 and $32.71 during the day, currently situated -5.17% below its 52 week high. The stock is up by 6.11% in the past one month and up by 7.09% over the past three months. With a one year target estimate of $35.28 and RSI of 50.15, the stock still has upside potential, making it a hold for now.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits. It offers products and technologies for transistor and interconnect fabrication, including epitaxy, ion implantation, oxidation and nitridation, rapid thermal processing, chemical vapor deposition, physical vapor deposition, chemical mechanical planarization, and electrochemical deposition; patterning, selective removal, and packaging products and systems that enable the transfer of patterns onto device structures; and metrology, inspection, and review systems for front- and back-end-of-line applications. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes, and other display technologies for TVs, personal computers, tablets, smart phones, and other consumer-oriented devices, as well as equipment for flexible substrates. The company serves manufacturers of semiconductor wafers and chips, liquid crystal and other displays, and other electronic devices. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California.