Trader’s Buzzers: National Oilwell Varco, Inc. (NOV), Cimarex Energy Co. (XEC), Plains All American Pipeline, L.P. (PAA)

National Oilwell Varco, Inc. (NOV) traded within a range of $40.06 to $40.8 after opening the day at $40.56. The company has seen its stock increase in value by 7.48% so far this year. The stock was down close to -0.45% on light volume in last trading session and closed at $40.24 per share. After the recent fall, the stock is currently holding -7.77% below its 52 week high of $43.63 and 51.57% above its 12-month low of $26.56. The shares are up by over 11.82% in the last three months, and the RSI indicator value of 58.41 is neither bullish nor bearish, tempting investors to stay on the sidelines.

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, and rope access inspection services. The Completion and Production Solutions segment offers pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; offshore production comprising composite pipes, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

Cimarex Energy Co. (XEC) continued its downward trend with the stock declining -0.97% or $-1.3 to close the day at $133.06 on light trading volume of 2.63M shares, compared to its three month average trading volume of 939.80K. The Denver Colorado 80203 based company has been outperforming the independent oil & gas group over the past 52 weeks, with the stock gaining 61.51%, compared to the industry which has advanced 46% over the same period. With RSI of 46.52, the stock should still continue to rise and get closer to its one year target estimate of $157.24, making it a hold for now.

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2015, it had a total proved oil and gas reserves of 2.9 trillion cubic feet equivalent (Tcfe) consisting of 1.5 trillion cubic feet of natural gas, 0.65 Tcfe of oil, and 0.75 Tcfe of natural gas liquids principally located in the Mid-Continent and Permian Basin regions. The company also owned interests in 3,153 net productive oil and gas wells. Cimarex Energy Co. was founded in 2002 and is headquartered in Denver, Colorado.

Plains All American Pipeline, L.P. (PAA) dropped $-0.58 to close the day at a new closing price of $31.33, a -1.82% decrease in value from its previous closing price that moved the stock 96.03% above its 52 week low of $18.5. A total of 2.62M shares exchanged hands during the day compared with its three month average trading volume of 2.55M. The stock, which fluctuated between $31.27 and $32.23 during the day, currently situated -6.12% below its 52 week high. The stock is up by 2.78% in the past one month and up by 2.22% over the past three months. With a one year target estimate of $33.93 and RSI of 48.42, the stock still has upside potential, making it a hold for now.

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.

 

Trader Alert: Newmont Mining Corporation (NEM), National Oilwell Varco, Inc. (NOV), ServiceNow, Inc. (NOW)

Newmont Mining Corporation (NEM) retreated with the stock falling -0.78% or $-0.29 to close at $37.09 on light trading volume of 5.61M compared its three months average trading volume of 7.76M. The Greenwood Village Colorado 80111 based company operating under the Gold industry has been trending up for the last 52 weeks, with the shares price now 51.59% up for the period and up by 8.86% so far this year. With price target of $39.88 and a 61.03% rebound from 52-week low, Newmont Mining Corporation has plenty of upside potential, making it a hold with a view buy.

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold. It also explores for silver and copper properties. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and Suriname. As of December 31, 2015, it had proven and probable gold reserves of 73.7 million ounces and an aggregate land position of approximately 20,000 square miles. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.

National Oilwell Varco, Inc. (NOV) gained $1.06 to close the day at a new closing price of $40.66, a 2.68% increase in value from its previous closing price that moved the stock 53.15% above its 52 week low of $26.56. A total of 3.06M shares exchanged hands during the day compared with its three month average trading volume of 3.62M. The stock, which fluctuated between $39.51 and $40.75 during the day, currently situated -6.81% below its 52 week high. The stock is up by 8.72% in the past one month and up by 22.13% over the past three months. With a one year target estimate of $37.62 and RSI of 60.88, the stock still has upside potential, making it a hold for now.

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, and rope access inspection services. The Completion and Production Solutions segment offers pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; offshore production comprising composite pipes, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

ServiceNow, Inc. (NOW) shares were up in last trading by 1.25% to $92.89. It experienced lighter than average volume on day. The stock increased in value by almost 2.46% over the past week and grew 11.21% in the past month. It is currently trading 12.69% above its 50 day moving average and 20.56% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -0.1% decrease in value from its one year high of $93.3. The RSI indicator value of 71.1, lead us to believe that it may reverse gains in the near term.

ServiceNow, Inc. provides enterprise cloud-based solutions that define, structure, manage, and automate services in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It offers service management solutions, including incident management, problem management, change management, and request management, as well as service catalog and knowledge base; and information technology (IT), HR, customer service, security operations, facilities, and field service management solutions. The company also provides business management solutions, such as financial management solutions; project portfolio suite that provides capabilities to plan, organize, and manage projects; governance, risk, and compliance solution that provides clarity into compliance and audit initiatives; and performance analytics solutions, as well as offers ServiceNow platform that integrates various business applications. In addition, it offers IT operations management solutions that include ServiceWatch Mapping, a service mapping and discovery solution; ServiceWatch Insight that adds event management to the ServiceWatch Mapping bundle, as well as offers insight on the issues affecting service availability and performance; and ServiceWatch Suite that adds orchestration and cloud management to the ServiceNow ITOM products. Further, the company offers professional, education, and customer support services. It serves enterprises in various industries, including financial services, consumer products, IT services, health care, and technology. The company sells products through its direct sales team, as well as indirectly through third-party channels by partnering with systems integrators, managed services providers, and resale partners. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. ServiceNow, Inc. was founded in 2004 and is headquartered in Santa Clara, California.

 

Eye Catching Stocks: Baker Hughes Incorporated (BHI), National Oilwell Varco, Inc. (NOV), Celgene Corporation (CELG)

Baker Hughes Incorporated (BHI) managed to rebound with the stock climbing 0.15% or $0.09 to close the day at $61.15 on active trading volume of 3.13M shares, compared to its three month average trading volume of 2.87M. The Houston Texas 77073 based company has been outperforming the oil & gas equipment & services group over the past 52 weeks, with the stock gaining 56.36%, compared to the industry which has advanced 40.98% over the same period. With RSI of 38.93, the stock should still continue to rise and get closer to its one year target estimate of $69.46, making it a hold for now.

Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which include drill bits for performance drilling, hole enlargement, and coring; open hole (imaging, fluids sampling, etc.) and cased hole (production logging, wellbore integrity, pipe recovery, etc.) well logging services; and emulsion and water-based drilling fluids systems, reservoir drill-in fluids, and completion fluids, as well as fluids environmental services. Its drilling and evaluation products and services also comprise directional drilling systems and services, such as rotary steerables, drilling motors, measurement-while-drilling systems, etc.; logging-while-drilling systems and services, including resistivity, imaging, pressure testing and sampling, etc.; surface logging and coring systems and services; and geoscience services. In addition, the company offers completion and production products and services consisting of completion systems used to control the flow of hydrocarbons within a wellbore; wellbore intervention products and services to enhance the performance of existing wellbores; intelligent production system products and services to monitor, analyze, and control production to optimize returns and ultimate recovery; artificial lifts, such as in-well electric submersible pump systems, progressing cavity pump systems, and gas lift systems, as well as horizontal surface pumping systems that move fluids on the surface for applications, such as injection, disposal, transfer, and pipeline boosting; chemical technologies and services; and onshore and offshore cementing, stimulation, and coil tubing services. Further, it offers industrial services, including downstream chemicals, and process and pipeline services. The company was founded in 1972 and is headquartered in Houston, Texas. Baker Hughes Incorporated is a subsidiary of General Electric Company.

National Oilwell Varco, Inc. (NOV) climbed 1.1% during last trading as the stock added $0.43 to finish the day at $39.42 with about 3.12M shares changing hands, compared to its three month average trading volume of 3.65M. The $14.73B market cap company, which fluctuated between $39.22 and $39.95 during the day, currently situated 56.09% above its 52 week low of $26.86 and -9.65% away from its one year high of $43.63. The RSI of 54.18 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, and rope access inspection services. The Completion and Production Solutions segment offers pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; offshore production comprising composite pipes, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

Celgene Corporation (CELG) saw its value decrease by -0.97% as the stock dropped $-1.13 to finish the day at a closing price of $115.61. The stock was lighter in trading and has fluctuated between $94.39-$127 per share for the past year. The shares, which traded within a range of $115.25 to $117 during the day, are down by -3.71% in the past three months and up by 1.58% over the past six months. It is currently trading 0.65% above its 20 day moving average and -0.57% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $141.22 a share over the next twelve months. The current relative strength index (RSI) reading is 51.27. The technical indicator lead us to believe there will be no major movement any time soon, hold.

Celgene Corporation discovers, develops, and commercializes therapies to treat cancer and inflammatory diseases worldwide. It offers REVLIMID, an oral immunomodulatory drug for multiple myeloma, myelodysplastic syndromes (MDS), and mantle cell lymphoma; POMALYST/IMNOVID to treat multiple myeloma; OTEZLA, a small-molecule inhibitor of phosphodiesterase 4 for psoriatic arthritis, psoriasis, and ankylosing spondylitis; and ABRAXANE, a solvent-free chemotherapy product to treat breast, non-small cell lung, pancreatic, and gastric cancers. The company’s products also include VIDAZA, a pyrimidine nucleoside analog for intermediate-2 and high-risk MDS, chronic myelomonocytic leukemia, and acute myeloid leukemia (AML); THALOMID to treat patients with multiple myeloma and erythema nodosum leprosum; and RITALIN and FOCALIN XR products. Its clinical stage products comprise OTEZLA for use in treating various immune-inflammatory diseases; luspatercept for beta-thalassemia and MDS; CC-486 to treat MDS, AML, and solid tumors; AG-881 for glioma with IDH mutations; LSD1 inhibitor to treat non-hodgkin lymphoma and solid tumors; CC-122 and CC-220 to treat hematological and solid tumor cancers, and inflammation and immunology diseases; and durvalumab, an anti-PDL-1 antibody, for multiple hematological cancers. The company has collaborative agreements with Acceleron Pharma, Inc.; Agios Pharmaceuticals, Inc.; Sutro Biopharma, Inc.; bluebird bio, Inc.; FORMA Therapeutics Holdings, LLC; OncoMed Pharmaceuticals, Inc.; NantBioScience, Inc.; AstraZeneca PLC; Lycera Corp.; Juno Therapeutics, Inc.; Nurix Inc.; and Jounce Therapeutics, Inc.; The company was founded in 1980 and is headquartered in Summit, New Jersey.

 

Trader’s Round Up: Johnson & Johnson (JNJ), Chevron Corporation (CVX), National Oilwell Varco, Inc. (NOV)

Johnson & Johnson (JNJ) retreated with the stock falling -0.07% or $-0.08 to close at $113.4 on light trading volume of 5.27M compared its three months average trading volume of 7.22M. The New Brunswick New Jersey 08933 based company operating under the Drug Manufacturers – Major industry has been trending up for the last 52 weeks, with the shares price now 14.35% up for the period and down by -1.57% so far this year. With price target of $124.56 and a 16.63% rebound from 52-week low, Johnson & Johnson has plenty of upside potential, making it a hold with a view buy.

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates through three segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment offers baby care products under the JOHNSON’S brand name; oral care products under the LISTERINE brand name; skin care products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON’S Adult, LE PETITE MARSEILLAIS, LUBRIDERM, NEUTROGENA, and RoC brand names; women’s health products, such as sanitary pads under the STAYFREE and CAREFREE, and o.b. tampon brand names; wound care products, including adhesive bandages under the BAND-AID brand name and first aid products under the NEOSPORIN brand name. This segment also provides over-the-counter medicines, including acetaminophen products under the TYLENOL brand name; cold, flu, and allergy products under the SUDAFED brand name; allergy products under the BENADRYL and ZYRTEC brand names; ibuprofen products under the MOTRIN IB brand name; and heartburn products under the PEPCID brand name. The Pharmaceutical segment provides various products in the areas of immunology, infectious diseases and vaccines, neuroscience, oncology, and cardiovascular and metabolic diseases. The Medical Devices segment offers orthopaedic products; general surgery, biosurgical, endomechanical, and energy products; electrophysiology products to treat cardiovascular disease; sterilization and disinfection products to reduce surgical infection; blood glucose monitoring and insulin delivery products; and disposable contact lenses. The company offers its products to general public, retail outlets and distributors, wholesalers, hospitals, and health care professionals for prescription use, as well as for use in the professional fields by physicians, nurses, hospitals, eye care professionals, and clinics. Johnson & Johnson was founded in 1885 and is based in New Brunswick, New Jersey.

Chevron Corporation (CVX) gained $0.19 to close the day at a new closing price of $111.58, a 0.17% increase in value from its previous closing price that moved the stock 44.53% above its 52 week low of $80.64. A total of 5.19M shares exchanged hands during the day compared with its three month average trading volume of 6.68M. The stock, which fluctuated between $110.32 and $111.79 during the day, currently situated -6.24% below its 52 week high. The stock is down by -3.68% in the past one month and up by 5.47% over the past three months. With a one year target estimate of $126.46 and RSI of 37.5, the stock still has upside potential, making it a hold for now.

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing commodity petrochemicals, and fuel and lubricant additives, as well as plastics for industrial uses. It is also involved in the cash management and debt financing activities; corporate administrative operations; insurance operations; real estate activities; and technology businesses. Further, the company holds interests in power plants, as well as operates geothermal plants; and engages in the transportation of refined products primarily in the coastal waters of the United States. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California.

National Oilwell Varco, Inc. (NOV) shares were down in last trading by -0.2% to $39.21. It experienced higher than average volume on day. The stock increased in value by almost 1.71% over the past week and grew 2.99% in the past month. It is currently trading 2.21% above its 50 day moving average and 12.27% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -10.13% decrease in value from its one year high of $43.63. The RSI indicator value of 53.51, lead us to believe that it is a hold for now.

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, and rope access inspection services. The Completion and Production Solutions segment offers pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; offshore production comprising composite pipes, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

 

Stocks Trend Analysis: National Oilwell Varco, Inc. (NOV), FirstEnergy Corp. (FE), D.R. Horton, Inc. (DHI)

National Oilwell Varco, Inc. (NOV) failed to extend gains with the stock declining -2.88% or $-1.11 to close the day at $37.46 on active trading volume of 4.35M shares, compared to its three month average trading volume of 3.48M. The Houston Texas 77036 based company has been outperforming the oil & gas equipment & services group over the past 52 weeks, with the stock gaining 34.11%, compared to the industry which has advanced 32.35% over the same period. With RSI of 44.13, the stock should still continue to rise and get closer to its one year target estimate of $34.83, making it a hold for now.

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, and rope access inspection services. The Completion and Production Solutions segment offers pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; offshore production comprising composite pipes, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

FirstEnergy Corp. (FE) retreated with the stock falling -0.03% or $-0.01 to close at $29.88 on light trading volume of 4.32M compared its three months average trading volume of 4.54M. The Akron Ohio 44308 based company operating under the Electric Utilities industry has been trending down for the last 52 weeks, with the shares price now -7.29% down for the period and down by -2.35% so far this year. With price target of $34.72 and a 3.11% rebound from 52-week low, FirstEnergy Corp. has plenty of upside potential, making it a hold with a view buy.

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities. The company also provides energy-related products and services to retail and wholesale customers. It operates 24,211 pole miles of overhead and underground transmission lines; and electric distribution systems, including 268,682 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits; as well as owns substations with a total installed transformer capacity of approximately 154,612,802 kilovolt-amperes. The company serves approximately six million customers within 65,000 square miles in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was founded in 1996 and is based in Akron, Ohio.

D.R. Horton, Inc. (DHI) failed to extend gains with the stock declining -1.34% or $-0.4 to close the day at $29.49 on lower than average trading volume of 4.31M shares, compared to its three month average trading volume of 5.11M. The Fort Worth Texas 76102 based company has been outperforming the residential construction companies by 4.8266% for last three months and its recent gains have pushed the stock slightly up 8.27% YTD, versus the residential construction industry which is up 6.22% for the same period. The RSI of 53.02 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

D.R. Horton, Inc. operates as a homebuilding company. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 78 markets in the United States under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Regent Homes, Crown Communities, and Pacific Ridge Homes. The company constructs and sells single-family detached homes; and attached homes, such as town homes, duplexes, triplexes, and condominiums. It is also involved in the origination and sale of mortgages; and provision of title insurance policies, and examination and closing services. The company primarily serves title insurance agents, homebuyers, and homebuilding customers. D.R. Horton, Inc. was founded in 1978 and is headquartered in Fort Worth, Texas.

 

Stocks in the Spotlight: National Oilwell Varco, Inc. (NOV), WEC Energy Group, Inc. (WEC), Energy Transfer Equity, L.P. (ETE)

National Oilwell Varco, Inc. (NOV) had a light trading with around 3.44M shares changing hands compared to its three month average trading volume of 3.56M. The stock traded between $37.54 and $38.69 before closing at the price of $37.8 with -1.95% change on the day. The Houston Texas 77036 based company is currently trading 49.68% above its 52 week low of $25.74 and -13.36% below its 52 week high of $43.63. Both the RSI indicator and target price of 46.85 and $35.07 respectively, lead us to believe that it should be put on hold over the coming weeks.

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, and rope access inspection services. The Completion and Production Solutions segment offers pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; offshore production comprising composite pipes, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

WEC Energy Group, Inc. (WEC) managed to rebound with the stock climbing 0.17% or $0.1 to close the day at $57.32 on active trading volume of 3.43M shares, compared to its three month average trading volume of 1.69M. The Milwaukee Wisconsin 53203 based company has been outperforming the electric utilities group over the past 52 weeks, with the stock gaining 4.61%, compared to the industry which has advanced 6.81% over the same period. With RSI of 43.24, the stock should still continue to rise and get closer to its one year target estimate of $61.32, making it a hold for now.

WEC Energy Group, Inc., through its subsidiaries, generates and distributes electric energy. The company operates through Wisconsin, Illinois, Other States, electric transmission, and We Power, Corporate and Other segments. It generates electricity from coal, natural gas, oil, hydroelectric, wind, and biomass. The company provides electric utility services to customers in the mining, paper, foundry, food products, and machinery production industries, as well as to health services, governmental, and large retail chains. It also provides retail natural gas distribution services in the state of Wisconsin, as well as transports customer-owned natural gas; and generates, distributes, and sells steam. The company serves approximately 1.6 million electric customers and 2.8 million natural gas customers. In addition, it invests in and develops real estate, including business parks and other commercial real estate projects primarily in southeastern Wisconsin. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1981 and is headquartered in Milwaukee, Wisconsin.

Energy Transfer Equity, L.P. (ETE) shares were up in last trading by 2.32% to $18.51. It experienced lighter than average volume on day. The stock decreased in value by almost -2.37% over the past week and fell -3.44% in the past month. It is currently trading 2.28% above its 50 day moving average and 18.33% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -7.68% decrease in value from its one year high of $20.05. The RSI indicator value of 52.88, lead us to believe that it is a hold for now.

Energy Transfer Equity, L.P. provides diversified energy-related services in the Unites States. It owns and operates approximately 7,500 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,300 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Its midstream operations include ownership and operation of approximately 35,000 miles of in service natural gas pipelines, 31 natural gas processing plants, 21 natural gas treating facilities, and 4 natural gas conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, and Louisiana; operation of natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas, as well as a natural gas gathering system in Ohio; and transportation and supply of water to natural gas producers in Pennsylvania. The company’s natural gas liquid (NGL) transportation and services operations include ownership of approximately 2,000 miles of NGL pipelines, three NGL processing plants, four NGL and propane fractionation facilities, and NGL storage facilities. It also sells gasoline and middle distillates at retail; operates convenience stores primarily on the east coast and in the Midwest region of the United States; and gathers, purchases, stores, transports, markets, and sells crude oil, NGLs, and refined products. In addition, it provides natural gas compression services; treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates a total of 75 megawatts electrical power. The company was founded in 2002 and is based in Dallas, Texas.

 

Traders Watch list: National Oilwell Varco, Inc. (NOV), ServiceNow, Inc. (NOW), Palo Alto Networks, Inc. (PANW)

National Oilwell Varco, Inc. (NOV) saw its value increase by 0.69% as the stock gained $0.26 to finish the day at a closing price of $37.81. The stock was lighter in trading and has fluctuated between $25.74-$43.63 per share for the past year. The shares, which traded within a range of $37.05 to $37.89 during the day, are up by 14.99% in the past three months and up by 20.62% over the past six months. It is currently trading -1.32% below its 20 day moving average and -0.67% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $35.07 a share over the next twelve months. The current relative strength index (RSI) reading is 46.96.The technical indicator lead us to believe there will be no major movement any time soon, hold.

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, and rope access inspection services. The Completion and Production Solutions segment offers pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; offshore production comprising composite pipes, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

ServiceNow, Inc. (NOW) shares were up in last trading by 0.55% to $90.62. It experienced lighter than average volume on day. The stock increased in value by almost 7.92% over the past week and grew 20.92% in the past month. It is currently trading 11.27% above its 50 day moving average and 19.25% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -2.54% decrease in value from its one year high of $92.98. The RSI indicator value of 73.09, lead us to believe that it may reverse gains in the near term.

ServiceNow, Inc. provides enterprise cloud-based solutions that define, structure, manage, and automate services in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It offers service management solutions, including incident management, problem management, change management, and request management, as well as service catalog and knowledge base; and information technology (IT), HR, customer service, security operations, facilities, and field service management solutions. The company also provides business management solutions, such as financial management solutions; project portfolio suite that provides capabilities to plan, organize, and manage projects; governance, risk, and compliance solution that provides clarity into compliance and audit initiatives; and performance analytics solutions, as well as offers ServiceNow platform that integrates various business applications. In addition, it offers IT operations management solutions that include ServiceWatch Mapping, a service mapping and discovery solution; ServiceWatch Insight that adds event management to the ServiceWatch Mapping bundle, as well as offers insight on the issues affecting service availability and performance; and ServiceWatch Suite that adds orchestration and cloud management to the ServiceNow ITOM products. Further, the company offers professional, education, and customer support services. It serves enterprises in various industries, including financial services, consumer products, IT services, health care, and technology. The company sells products through its direct sales team, as well as indirectly through third-party channels by partnering with systems integrators, managed services providers, and resale partners. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. ServiceNow, Inc. was founded in 2004 and is headquartered in Santa Clara, California.

Palo Alto Networks, Inc. (PANW) traded within a range of $144.12 to $148.38 after opening the day at $144.62. The company has seen its stock increase in value by 18% so far this year. The stock was up close to 1.85% on active volume in last trading session and closed at $147.56 per share. After the recent gain, the stock is currently holding -10.94% below its 52 week high of $165.69 and 32.83% above its 12-month low of $111.09. The shares are down by over -2.66% in the last three months, and the RSI indicator value of 73.28 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.

Palo Alto Networks, Inc. provides security platform solutions to enterprises, service providers, and government entities worldwide. Its platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network-based cyber threats; Advanced Endpoint Protection, which prevents cyber attacks that exploit software vulnerabilities on various fixed and virtual endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence capabilities, security for software as a service applications, and automated delivery of preventative measures against cyber attacks. The company provides firewall appliances; Panorama, a security management solution for the control of appliances deployed on an end-customer’s network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as an extensions to the virtual system capacity that ships with the physical appliances. It also offers subscription services covering the areas of threat prevention, uniform resource filtering, malware and persistent threat, laptop and mobile device, and firewall protection services, as well as cyber attack, threat intelligence, and content control services. In addition, the company provides support and maintenance services; and professional services, including application traffic management, solution design and planning, configuration, and firewall migration, as well as provides online and classroom-style education training services. Palo Alto Networks, Inc. primarily sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries comprising education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was founded in 2005 and is headquartered in Santa Clara, California.

 

3 Notable Runners: The PNC Financial Services Group, Inc. (PNC), National Oilwell Varco, Inc. (NOV), Edwards Lifesciences Corporation (EW)

The PNC Financial Services Group, Inc. (PNC) continued its upward trend with the stock climbing 0.01% or $0.01 to close the day at $121.64 on lower than average trading volume of 1.61M shares, compared to its three month average trading volume of 3.18M. The Pittsburgh Pennsylvania 15222 based company has been outperforming the money center banks companies by 29.452% for last three months and its recent gains have pushed the stock slightly up 4.47% YTD, versus the money center banks industry which is up 6.35% for the same period. The RSI of 63.15 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States and internationally. The company’s Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management services to consumer and small business customers through branch network, ATMs, call centers, online banking, and mobile channels. As of March 31, 2016, this segment operated a network of 2,613 branches and 8,940 ATMs. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, equipment leases, cash and investment management, receivables management, disbursement and funds transfer, information reporting, trade services, foreign exchange, derivatives, securities, loan syndications, mergers and acquisitions advisory, equity capital markets advisory, and related services for corporations, government, and not-for-profit entities. This segment also offers commercial loan servicing, and real estate advisory and technology solutions for the commercial real estate finance industry. The company’s Asset Management Group segment provides investment and retirement planning, customized investment management, private banking, tailored credit solutions, and trust management and administration for individuals and their families; multi-generational family planning products; and mutual funds and institutional asset management services. Its Residential Mortgage Banking segment offers first lien residential mortgage loans. The company’s BlackRock segment provides investment and risk management services to institutional and retail clients. Its Non-Strategic Assets Portfolio segment offers consumer residential mortgage, brokered home equity loans, and lines of credit, as well as commercial real estate loans and leases. The PNC Financial Services Group, Inc. was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.

National Oilwell Varco, Inc. (NOV) had a light trading with around 1.61M shares changing hands compared to its three month average trading volume of 3.69M. The stock traded between $38.69 and $39.53 before closing at the price of $38.87 with -0.97% change on the day. The Houston Texas 77036 based company is currently trading 53.91% above its 52 week low of $25.74 and -10.91% below its 52 week high of $43.63. Both the RSI indicator and target price of 55.36 and $35.07 respectively, lead us to believe that it should be put on hold over the coming weeks.

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, and rope access inspection services. The Completion and Production Solutions segment offers pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; offshore production comprising composite pipes, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

Edwards Lifesciences Corporation (EW) traded within a range of $95.53 to $97.34 after opening the day at $95.67. The company has seen its stock increase in value by 3.84% so far this year. The stock was up close to 2.28% on light volume in last trading session and closed at $97.3 per share. After the recent gain, the stock is currently holding -20.08% below its 52 week high of $121.75 and 29.32% above its 12-month low of $75.29. The shares are up by over 3.24% in the last three months, and the RSI indicator value of 62.11 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Edwards Lifesciences Corporation provides products and technologies to treat structural heart disease and critically ill patients worldwide. It offers transcatheter heart valve therapy products comprising transcatheter aortic heart valves and their delivery systems for the nonsurgical replacement of heart valves. The company also provides surgical heart valve therapy products, such as pericardial valves for aortic and mitral replacement, and minimally invasive aortic heart valve system; and tissue heart valves and repair products, which are used to replace or repair a patient’s diseased or defective heart valve. In addition, it produces pericardial valves from biologically inert animal tissue; and provides heart valve repair therapies, including annuloplasty rings and systems. Further, the company offers critical care products, such as hemodynamic monitoring systems to measure a patient’s heart function in surgical and intensive care settings; pulmonary artery catheters; and continuous venous oximetry catheter for measuring central venous oxygen saturation. Additionally, its critical care products include disposable pressure monitoring devices and closed blood sampling systems to protect patients and clinicians from infection; and peripheral vascular products used to treat endolumenal occlusive disease, such as embolectomy catheters for removing blood clots from peripheral blood vessels. The company distributes its products through direct sales force and independent distributors. Edwards Lifesciences Corporation was founded in 1999 and is headquartered in Irvine, California.

 

Stocks Under Review: National Oilwell Varco, Inc. (NOV), HCA Holdings, Inc. (HCA), Duke Energy Corporation (DUK)

National Oilwell Varco, Inc. (NOV) continued its upward trend with the stock climbing 1.74% or $0.68 to close the day at $39.72 on light trading volume of 2.42M shares, compared to its three month average trading volume of 3.75M. The Houston Texas 77036 based company has been outperforming the oil & gas equipment & services group over the past 52 weeks, with the stock gaining 33.04%, compared to the industry which has advanced 41.64% over the same period. With RSI of 60.88, the stock should still continue to rise and get closer to its one year target estimate of $35.1, making it a hold for now.

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, and rope access inspection services. The Completion and Production Solutions segment offers pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; offshore production comprising composite pipes, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

HCA Holdings, Inc. (HCA) grew with the stock adding 0.3% or $0.24 to close at $80.57 on light trading volume of 2.37M compared its three months average trading volume of 3.27M. The Nashville Tennessee 37203 based company operating under the Hospitals industry has been trending up for the last 52 weeks, with the shares price now 20.33% up for the period and up by 8.85% so far this year. With price target of $89.26 and a 26.15% rebound from 52-week low, HCA Holdings, Inc. has plenty of upside potential, making it a hold with a view buy.

HCA Holdings, Inc., through its subsidiaries, provides health care services in the United States. It operates general, acute care hospitals that offer medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy services. The company also operates psychiatric hospitals, which provide therapeutic programs comprising child, adolescent and adult psychiatric care, adult and adolescent alcohol and drug abuse treatment, and counseling. In addition, it operates outpatient health care facilities consisting of freestanding ambulatory surgery centers, freestanding emergency care facilities, urgent care facilities, walk-in clinics, diagnostic and imaging centers, rehabilitation and physical therapy centers, radiation and oncology therapy centers, physician practices, and various other facilities. As of December 31, 2015, the company operated 164 general, acute care hospitals with 43,275 licensed beds; 3 psychiatric hospitals with 396 licensed beds; and 1 rehabilitation hospital, as well as 116 freestanding surgery centers. HCA Holdings, Inc. was founded in 1968 and is headquartered in Nashville, Tennessee.

Duke Energy Corporation (DUK) failed to extend gains with the stock declining -0.13% or $-0.1 to close the day at $77.08 on lower than average trading volume of 2.35M shares, compared to its three month average trading volume of 3.28M. The Charlotte North Carolina 28202 based company has been underperforming the electric utilities companies by -0.559% for last three months and its recent losses have pulled the stock down -0.7% YTD, versus the electric utilities industry which is down -0.03% for the same period. The RSI of 53.08 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Portfolio. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky. This segment owns approximately 50,000 megawatts (MW) of generation capacity; and uses coal, hydroelectric, natural gas, oil, and nuclear fuel to generate electricity. It serves approximately 7.4 million retail electric customers in 6 states in the Southeast and Midwest regions of the United States with a service area covering approximately 95,000 square miles; and approximately 525,000 retail natural gas customers in southwestern Ohio and northern Kentucky. This segment is also involved in the wholesale of electricity to incorporated municipalities, electric cooperative utilities, and other load-serving entities. The International Energy segment operates and manages power generation facilities; and markets and sells electric power, natural gas, and natural gas liquids. This segment serves retail distributors, electric utilities, independent power producers, marketers, and industrial and commercial companies. The Commercial Portfolio segment acquires, builds, develops, and operates wind and solar renewable generation and energy transmission projects. Its portfolio includes nonregulated renewable energy, electric transmission, natural gas infrastructure, and energy storage businesses. This segment has 22 wind farms and 38 commercial solar farms with a capacity of 2,400 MW across 11 states. The company was formerly known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2005. Duke Energy Corporation was incorporated in 2005 and is headquartered in Charlotte, North Carolina.

 

Momentum Stocks: Computer Sciences Corporation (CSC), National Oilwell Varco, Inc. (NOV), Superior Energy Services, Inc. (SPN)

Computer Sciences Corporation (CSC) retreated with the stock falling -6.02% or $-3.76 to close at $58.73 on active trading volume of 4.37M compared its three months average trading volume of 1.69M. The Tysons Virginia 22102 based company operating under the Information Technology Services industry has been trending up for the last 52 weeks, with the shares price now 95.81% up for the period and down by -1.16% so far this year. With price target of $66.17 and a 144.94% rebound from 52-week low, Computer Sciences Corporation has plenty of upside potential, making it a hold with a view buy.

Computer Sciences Corporation, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software. This segment also provides applications services, which optimize and modernize clients’ business and technical environments that enable clients to capitalize on emerging services, such as cloud, mobility, and big data within new commercial models, including the ‘as a Service’ and digital economies; consulting services, which help organizations innovate, transform, and create sustainable competitive advantage; and vertically aligned software solutions and process-based intellectual property power mission-critical transaction engines in insurance, banking, healthcare and life sciences, manufacturing, and other diversified industries. The GIS segment offers managed and virtual desktop, unified communications and collaboration, data center management, cyber security, and compute and managed storage solutions to commercial clients. This segment also provides next-generation cloud offerings consisting of Infrastructure as a Service, private cloud solutions, CloudMail, and Storage as a Service. The company has a strategic partnership with HCL Technologies to create an applications modernization delivery network. Computer Sciences Corporation was founded in 1959 and is headquartered in Tysons, Virginia.

National Oilwell Varco, Inc. (NOV) had a active trading with around 4.37M shares changing hands compared to its three month average trading volume of 3.72M. The stock traded between $37.87 and $38.73 before closing at the price of $38.43 with -1.66% change on the day. The Houston Texas 77036 based company is currently trading 52.17% above its 52 week low of $25.74 and -11.92% below its 52 week high of $43.63. Both the RSI indicator and target price of  and $35.1 respectively, lead us to believe that it could rise over the coming weeks.

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, and rope access inspection services. The Completion and Production Solutions segment offers pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; offshore production comprising composite pipes, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

Superior Energy Services, Inc. (SPN) saw its value decrease by -4.1% as the stock dropped $-0.74 to finish the day at a closing price of $17.32. The stock was higher in trading and has fluctuated between $8.25-$19.83 per share for the past year. The shares, which traded within a range of $16.87 to $17.9 during the day, are down by -7.92% in the past three months and down by -1.42% over the past six months. It is currently trading -2.38% below its 20 day moving average and 1.62% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $20.29 a share over the next twelve months. The current relative strength index (RSI) reading is 46.36.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Superior Energy Services, Inc. provides specialized oilfield services and equipment to crude oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. It operates through four segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions. The Drilling Products and Services segment rents tubulars, including primary drill pipe strings, tubing landing strings, completion tubulars, and associated accessories; and manufactures and rents bottom hole tools, such as stabilizers, non-magnetic drill collars, and hole openers, as well as rents temporary onshore and offshore accommodation modules and accessories. The Onshore Completion and Workover Services segment offers pressure pumping services comprising hydraulic fracturing and high pressure pumping services used to complete and stimulate production in new oil and gas wells; fluid management services used to obtain, move, store, and dispose of fluids that are involved in the exploration, development, and production of oil and gas reservoirs; and workover services consisting of installations, completions, and sidetracking of wells, as well as support for perforating operations. The Production Services segment provides intervention services, including coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. The Technical Solutions segment offers pressure control services; completion tools and services, such as sand control systems, well screens and filters, and surface-controlled sub surface safety valves; and offshore well decommissioning services, including plugging and abandoning wells at the end of their economic life, and dismantling and removing associated infrastructure. Superior Energy Services, Inc. was founded in 1991 and is headquartered in Houston, Texas.