Momentum Stocks in Focus: The Progressive Corporation (PGR), PG&E Corporation (PCG), E*TRADE Financial Corporation (ETFC)

The Progressive Corporation (PGR) continued its upward trend with the stock climbing 0.57% or $0.22 to close the day at $38.61 on light trading volume of 2.48M shares, compared to its three month average trading volume of 2.95M. The Mayfield Village Ohio 44143 based company has been outperforming the property & casualty insurance group over the past 52 weeks, with the stock gaining 23.08%, compared to the industry which has advanced 27.04% over the same period. With RSI of 77.91, the stock should still continue to rise and get closer to its one year target estimate of $36.77, making it a hold for now.

The Progressive Corporation, through its subsidiaries, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. This segment’s products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles. The company’s Commercial Lines segment provides primary liability, physical damage, and other auto-related insurance for autos, vans, and pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; tow trucks and wreckers used in towing services and gas/service station businesses; and non-fleet taxis, black-car services, and airport taxis. Its Property segment provides personal and commercial property insurance, personal umbrella insurance, and primary and excess flood insurance products for homeowners, other property owners, and renters. The company also offers policy issuance and claims adjusting services for the commercial auto insurance procedures/plans; home, condominium, and renters insurance; and general liability and business owners policies, and workers’ compensation insurance, as well as sells personal auto physical damage and property damage liability insurance in Australia. The Progressive Corporation sells its products and services through independent insurance agencies, as well as directly on the Internet, mobile devices, and over the phone. The company was founded in 1937 and is headquartered in Mayfield Village, Ohio.

PG&E Corporation (PCG) grew with the stock adding 0.71% or $0.45 to close at $63.39 on active trading volume of 2.47M compared its three months average trading volume of 2.03M. The San Francisco California 94177 based company operating under the Electric Utilities industry has been trending up for the last 52 weeks, with the shares price now 16.81% up for the period and up by 4.31% so far this year. With price target of $66.25 and a 19.57% rebound from 52-week low, PG&E Corporation has plenty of upside potential, making it a hold with a view buy.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 58 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities. The company operates various electricity generation facilities, such as nuclear, hydroelectric, fossil fuel-fired, and photovoltaic. PG&E Corporation was founded in 1905 and is headquartered in San Francisco, California.

E*TRADE Financial Corporation (ETFC) failed to extend gains with the stock declining -0.91% or $-0.34 to close the day at $37.17 on lower than average trading volume of 2.47M shares, compared to its three month average trading volume of 3.08M. The New York New York 10020 based company has been outperforming the investment brokerage – national companies by 10.6116% for last three months and its recent gains have pushed the stock slightly up 7.27% YTD, versus the investment brokerage – national industry which is up 6.92% for the same period. The RSI of 57.52 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Management. The Trading and Investing segment offers retail brokerage products and services, investor-focused banking products, and corporate services. The Balance Sheet Management segment manages asset allocation; loans previously originated by the company or purchased from third parties; deposits and customer payables; and credit, liquidity, and interest rate risk. The company provides its services to customers through digital platforms; and a network of customer service representatives and financial consultants through phone, email, and online at two branches, as well as in person through 30 branches across the United States. E*TRADE Financial Corporation was incorporated in 1982 and is headquartered in New York, New York.

 

Momentum Stocks in Focus: Intuit Inc. (INTU), Welltower Inc. (HCN), PG&E Corporation (PCG)

Intuit Inc. (INTU) continued its upward trend with the stock climbing 0.37% or $0.44 to close the day at $118.84 on active trading volume of 1.48M shares, compared to its three month average trading volume of 1.17M. The Mountain View California 94043 based company has been outperforming the application software group over the past 52 weeks, with the stock gaining 26.07%, compared to the industry which has advanced 29.41% over the same period. With RSI of 57.52, the stock should still continue to rise and get closer to its one year target estimate of $116.88, making it a hold for now.

Intuit Inc. provides business and financial management solutions for small businesses, consumers, and accounting professionals primarily in the United States and internationally. The company’s Small Business segment provides QuickBooks financial and business management online services, and desktop software; QuickBooks technical support services; financial supplies; and QuickBooks Online Accountant, QuickBooks Accountant Desktop, and QuickBooks Desktop Accountant Plus, as well as the QuickBooks ProAdvisor Program for the accounting professionals. This segment also offers small business payroll products and services, including online payroll offerings, such as Quickbooks Online Payroll and Intuit Online Payroll; desktop payroll offerings comprising QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; and full service payroll offerings, such as Intuit Full Service Payroll and QuickBooks Assisted Payroll. In addition, it provides merchant services, including credit and debit card processing; Web-based transaction processing services for online merchants; online payment services; GoPayment mobile payment processing services; and QuickBooks point of sale solutions. Its Consumer segment provides TurboTax income tax preparation products and services; and electronic tax filing services. The company’s Professional Tax segment offers Lacerte, ProSeries, ProFile, and Intuit Tax Online professional tax products and services; and electronic tax filing services, bank product transmission services, and training services. The company sells its products and services through various sales and distribution channels, including Websites, promotions, call centers, retail locations, and online mobile application stores, as well as through alliance partners, such as banks, credit unions, and other financial institutions. Intuit Inc. was founded in 1983 and is headquartered in Mountain View, California.

Welltower Inc. (HCN) retreated with the stock falling -1.18% or $-0.78 to close at $65.51 on light trading volume of 1.35M compared its three months average trading volume of 2.08M. The Toledo Ohio 43615 based company operating under the REIT – Healthcare Facilities industry has been trending up for the last 52 weeks, with the shares price now 22.97% up for the period and down by -0.82% so far this year. With price target of $69.39 and a 26.54% rebound from 52-week low, Welltower Inc. has plenty of upside potential, making it a hold with a view buy.

Welltower Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States. The firm primarily invests in senior living and health care properties. It invests across the full spectrum of health care real estate, including senior living communities, medical office buildings, inpatient and outpatient medical centers and life science facilities. The firm conducts in-house research to make its investments. It was formerly known as Health Care REIT, Inc. Welltower Inc. was founded in 1970 and is based in Toledo, Ohio with additional offices in Brentwood, Tennessee and Dallas, Texas.

PG&E Corporation (PCG) failed to extend gains with the stock declining -0.58% or $-0.37 to close the day at $63.32 on lower than average trading volume of 2.01M shares, compared to its three month average trading volume of 2.1M. The San Francisco California 94177 based company has been outperforming the electric utilities companies by 9.0801% for last three months and its recent gains have pushed the stock slightly up 4.2% YTD, versus the electric utilities industry which is up 1.73% for the same period. The RSI of 64.76 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 58 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities. The company operates various electricity generation facilities, such as nuclear, hydroelectric, fossil fuel-fired, and photovoltaic. PG&E Corporation was founded in 1905 and is headquartered in San Francisco, California.

 

3 Stocks to Watch For: Danaher Corporation (DHR), PG&E Corporation (PCG), Consolidated Edison, Inc. (ED)

Danaher Corporation (DHR) saw its value increase by 0.26% as the stock gained $0.22 to finish the day at a closing price of $83.98. The stock was lighter in trading and has fluctuated between $65.06-$84.74 per share for the past year. The shares, which traded within a range of $83.55 to $84.07 during the day, are up by 4.84% in the past three months and up by 3.32% over the past six months. It is currently trading 2.62% above its 20 day moving average and 5.09% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $90.44 a share over the next twelve months. The current relative strength index (RSI) reading is 68.01.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Its Test & Measurement segment provides instruments products; services and products that help to convert concepts into finished products; professional tools; and wheel service equipment. The company’s Environmental segment provides instrumentation and disinfection systems; and solutions and services focused on fuel dispensing, remote fuel management, point-of-sale and payment system, environmental compliance, vehicle tracking, and fleet management. Its Life Sciences & Diagnostics segment offers chemistry systems, immunoassay systems, hematology and flow cytometry products, microbiology systems, and systems and workflow automations solutions. This segment also provides professional microscopes; mass spectrometers; bioanalytical measurement systems; workflow instruments and consumables; and filtration products, which are used to remove solid, liquid, and gaseous contaminants. The company’s Dental segment offers consumables, equipment, and services to diagnose, treat, and prevent disease and ailments of the teeth, gums, and supporting bone. The company’s Industrial Technologies segment provides equipment, consumables, and software for various printing, marking, coding, packaging, design, and color management applications; and a range of electromechanical and electronic motion control products. This segment also offers devices that sense, monitor and control operational or manufacturing variables; instruments, controls, and monitoring systems used in electric utilities and industrial facilities; engineered energetic materials components; and supplemental braking systems for commercial vehicles. The company was formerly known as Diversified Mortgage Investors, Inc. and changed its name to Danaher Corporation in 1984. Danaher Corporation was founded in 1969 and is headquartered in Washington, the District of Columbia.

PG&E Corporation (PCG) shares were up in last trading by 0.73% to $63.35. It experienced lighter than average volume on day. The stock increased in value by almost 2.86% over the past week and grew 4.06% in the past month. It is currently trading 4.85% above its 50 day moving average and 4.6% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -1.63% decrease in value from its one year high of $65.43. The RSI indicator value of 66.1, lead us to believe that it is a hold for now.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 58 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities. The company operates various electricity generation facilities, such as nuclear, hydroelectric, fossil fuel-fired, and photovoltaic. PG&E Corporation was founded in 1905 and is headquartered in San Francisco, California.

Consolidated Edison, Inc. (ED) traded within a range of $74.18 to $74.96 after opening the day at $74.29. The company has seen its stock increase in value by 1.45% so far this year. The stock was up close to 0.48% on light volume in last trading session and closed at $74.75 per share. After the recent gain, the stock is currently holding -7.04% below its 52 week high of $81.88 and 12.22% above its 12-month low of $68.44. The shares are up by over 4.44% in the last three months, and the RSI indicator value of 57.47 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.4 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, and parts of Queens and Westchester County; and steam to approximately 1,700 customers in parts of Manhattan. The company owns 62 area distribution substations and various distribution facilities; 39 transmission substations and 62 area stations; electric generation facilities with an aggregate capacity of 724 megawatts that run on gas and fuel oil; 4,348 miles of mains and 369,791 service lines for natural gas distribution; and 1 steam-electric generating station and 5 steam-only generating stations. It also supplies electricity to approximately 0.3 million customers in southeastern New York, and in adjacent areas of northern New Jersey and northeastern Pennsylvania; and gas to approximately 0.1 million customers in southeastern New York and adjacent areas of northeastern Pennsylvania. The company operates 572 circuit miles of transmission lines; 14 transmission substations; 86,794 in-service line transformers; 3,994 pole miles of overhead distribution lines; and 1,889 miles of underground distribution lines, as well as 1,867 miles of mains and 105,482 service lines for natural gas distribution. In addition, it is involved in the sale and related hedging of electricity to retail customers; and provision of energy-related products and services to wholesale and retail customers. Further, the company develops, owns, and operates renewable and energy infrastructure projects, as well as invests in transmission companies. It primarily sells electricity to industrial, commercial, residential, and governmental customers. Consolidated Edison, Inc. was founded in 1884 and is based in New York, New York.

 

Stocks To Track: The Home Depot, Inc. (HD), Amazon.com, Inc. (AMZN), PG&E Corporation (PCG)

The Home Depot, Inc. (HD) climbed 0.9% during last trading as the stock added $1.23 to finish the day at $137.88 with about 2.88M shares changing hands, compared to its three month average trading volume of 4.87M. The $168.77B market cap company, which fluctuated between $136.82 and $137.91 during the day, currently situated 28.46% above its 52 week low of $112.22 and -1.07% away from its one year high of $139.37. The RSI of 58.22 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me (DIFM), and professional customers. The company offers installation programs that include flooring, cabinets, countertops, water heaters, and sheds; and professional installation in various categories sold through its in-home sales programs, such as roofing, siding, windows, cabinet refacing, furnaces, and central air systems, as well as acts as a contractor to provide installation services to its DIFM customers through third-party installers. It primarily serves home owners; and renovators/remodelers, general contractors, repairmen, installers, small business owners, and tradesmen. The company also sells its products through online. As of December 31, 2015, it had 2,274 stores, including 1,977 in the United States, 182 in Canada, and 115 in Mexico. The Home Depot, Inc. was founded in 1978 and is based in Atlanta, Georgia.

Amazon.com, Inc. (AMZN) gained $7.21 to close the day at a new closing price of $819.71, a 0.89% increase in value from its previous closing price that moved the stock 72.93% above its 52 week low of $484. A total of 2.85M shares exchanged hands during the day compared with its three month average trading volume of 4.13M. The stock, which fluctuated between $812.5 and $821.48 during the day, currently situated -3.25% below its 52 week high. The stock is up by 2.86% in the past one month and up by 4.43% over the past three months. With a one year target estimate of $929.1 and RSI of 55.14, the stock still has upside potential, making it a hold for now.

Amazon.com, Inc. engages in the retail sale of consumer products in North America and internationally. It operates through the North America, International, and Amazon Web Services (AWS) segments. The company sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk. It also manufactures and sells electronic devices, including kindle e-readers, fire tablets, fire TVs, and echo, as well as fire phones; and provides Kindle Direct Publishing, an online platform that allows independent authors and publishers to make their books available in the Kindle Store. In addition, the company offers programs that enable sellers to sell their products on its Websites, as well as their own branded Websites; and programs that allow authors, musicians, filmmakers, app developers, and others to publish and sell content. Further, it offers compute, storage, database, and other AWS services, as well as fulfillment, publishing, digital content subscriptions, advertising, and co-branded credit card agreements services. Additionally, the company offers Amazon Prime, an annual membership program, which provides free shipping of various items; access to unlimited streaming of movies and TV episodes; and other services. It serves consumers, sellers, developers, enterprises, and content creators. The company was founded in 1994 and is headquartered in Seattle, Washington.

PG&E Corporation (PCG) had a active trading with around 2.83M shares changing hands compared to its three month average trading volume of 2.18M. The stock traded between $62.44 and $63.62 before closing at the price of $63.17 with 2.17% change on the day. The San Francisco California 94177 based company is currently trading 19.72% above its 52 week low of $54.45 and -1.91% below its 52 week high of $65.43. Both the RSI indicator and target price of 66.83 and $65.84 respectively, lead us to believe that it should be put on hold over the coming weeks.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 58 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities. The company operates various electricity generation facilities, such as nuclear, hydroelectric, fossil fuel-fired, and photovoltaic. PG&E Corporation was founded in 1905 and is headquartered in San Francisco, California.

 

Stocks Highlights: CBRE Group, Inc. (CBG), PG&E Corporation (PCG), PPG Industries, Inc. (PPG)

CBRE Group, Inc. (CBG) had a active trading with around 2M shares changing hands compared to its three month average trading volume of 2.28M. The stock traded between $30.21 and $30.78 before closing at the price of $30.72 with 0.75% change on the day. The Los Angeles California 90071 based company is currently trading 35.09% above its 52 week low of $22.74 and -7.5% below its 52 week high of $33.21. Both the RSI indicator and target price of 50.57 and $34.14 respectively, lead us to believe that it should be put on hold over the coming weeks.

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers advisory services, such as strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing, disposition, and acquisition of property; integrated investment sales and debt/structured financing services under the CBRE Capital Markets brand; and valuation services, including market value appraisals, litigation support, discounted cash flow analyses, feasibility and fairness opinions, property condition reports, hotel advisory, and environmental consulting, as well as originates and services commercial mortgage loans. It also provides outsourcing services comprising facilities management, project management, advisory and transaction, and strategic consulting services to occupiers of real estate; and property management services consisting of construction management, marketing, building engineering, accounting, and financial services for owners/investors in office, industrial, and retail properties. In addition, the company offers investment management services to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors seeking to generate returns and diversification through investment in real estate. Further, the company develops and invests in commercial real estate, including industrial, office, and retail properties; healthcare facilities; and residential/mixed-use projects. CBRE Group, Inc. offers its commercial real estate services under the CBRE brand name; investment management services under the CBRE Global Investors brand name; and development services under the Trammell Crow brand name. The company was founded in 1906 and is headquartered in Los Angeles, California.

PG&E Corporation (PCG) managed to rebound with the stock climbing 1.74% or $1.06 to close the day at $61.95 on light trading volume of 1.99M shares, compared to its three month average trading volume of 2.29M. The San Francisco California 94177 based company has been outperforming the electric utilities group over the past 52 weeks, with the stock gaining 11.26%, compared to the industry which has advanced 6.81% over the same period. With RSI of 60.85, the stock should still continue to rise and get closer to its one year target estimate of $65.84, making it a hold for now.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 58 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities. The company operates various electricity generation facilities, such as nuclear, hydroelectric, fossil fuel-fired, and photovoltaic. PG&E Corporation was founded in 1905 and is headquartered in San Francisco, California.

PPG Industries, Inc. (PPG) shares were up in last trading by 0.02% to $100.58. It experienced higher than average volume on day. The stock decreased in value by almost -1.25% over the past week and grew 5.6% in the past month. It is currently trading 3.46% above its 50 day moving average and -1.04% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -13.02% decrease in value from its one year high of $117. The RSI indicator value of 61.09, lead us to believe that it is a hold for now.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. It operates in three segments: Performance Coatings, Industrial Coatings, and Glass. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; and chemical management services. This segment also offers protective and marine coatings and finishes for the protection of metals and structures to metal fabricators and heavy duty maintenance contractors, as well as to the manufacturers of ships, bridges, and rail cars; architectural coatings used by painting and maintenance contractors, and consumers for decoration and maintenance of residential and commercial building structures; and purchased sundries to painting contractors and consumers. The Industrial Coatings segment provides adhesives and sealants for the automotive industry; metal pretreatments and related chemicals for industrial and automotive applications; precipitated silicas for tire, battery separator, and other markets; substrates used in radio frequency identification tags and labels, e-passports, drivers’ licenses, and identification cards; organic light emitting diode materials for use in displays and lighting; optical lens materials and photochromic dyes for optical lenses and color-change products. The Glass segment produces flat and fiber glass for use in commercial and residential construction, wind energy, energy infrastructure, transportation, and electronics industries. The company was founded in 1883 and is headquartered in Pittsburgh, Pennsylvania.

 

3 Notable Runners: Nucor Corporation (NUE), Kellogg Company (K), PG&E Corporation (PCG)

Nucor Corporation (NUE) continued its downward trend with the stock declining -3.34% or $-2.01 to close the day at $58.09 on higher than average trading volume of 9.22M shares, compared to its three month average trading volume of 3.26M. The Charlotte North Carolina 28211 based company has been outperforming the steel & iron companies by 22.564% for last three months and its recent gains have offset losses to -2.4% YTD, versus the steel & iron industry which is up 2.86% for the same period. The RSI of 39.76 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; structural steel products comprising wide-flange beams, beam blanks, H-pilings, and sheet pilings; and bar steel products, such as blooms, billets, concrete reinforcing bars, merchant bars, and special bar quality products. This segment sells its products to steel service centers, fabricators, and manufacturers in automotive, energy, agricultural, heavy equipment, and transportation sectors. The Steel Products segment offers steel joists and joist girders, steel decks, fabricated concrete reinforcing and cold finished steel products, steel fasteners, metal building systems, steel gratings, and wire and wire mesh products to general contractors, fabricators, distributors, and manufacturers. Its products are used by contractors in constructing highways, bridges, reservoirs, utilities, hospitals, schools, airports, stadiums, and high-rise buildings. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as holds working interest in natural gas drilling programs. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for use in manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills, and other processors and consumers of various nonferrous metals. The company offers its products through its in-house sales forces, as well as internal distribution and trading companies. Nucor Corporation was founded in 1940 and is based in Charlotte, North Carolina.

Kellogg Company (K) had a light trading with around 1.21M shares changing hands compared to its three month average trading volume of 1.59M. The stock traded between $72.61 and $72.99 before closing at the price of $72.71 with 0.06% change on the day. The Battle Creek Michigan 49017 based company is currently trading 6.18% above its 52 week low of $70.33 and -15.46% below its 52 week high of $87.16. Both the RSI indicator and target price of 52.9 and $81.38 respectively, lead us to believe that it should be put on hold over the coming weeks.

Kellogg Company manufactures and markets ready-to-eat cereal and convenience foods. It operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments. The company’s principal products include cookies, crackers, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and veggie foods, as well as health and wellness bars, and beverages. It offers cereal products under the Kellogg’s brand name; and cookies, crackers, crisps, and other convenience foods under the Kellogg’s, Keebler, Cheez-It, Murray, Austin, and Famous Amos brands. The company sells its products for grocery trade through direct sales forces; and to supermarkets through a direct store-door delivery system, as well as use brokers and distributors. The company was founded in 1906 and is headquartered in Battle Creek, Michigan.

PG&E Corporation (PCG) traded within a range of $60.56 to $61.91 after opening the day at $60.74. The company has seen its stock increase in value by 1.84% so far this year. The stock was up close to 2.16% on active volume in last trading session and closed at $61.89 per share. After the recent gain, the stock is currently holding -3.9% below its 52 week high of $65.43 and 17.3% above its 12-month low of $54.45. The shares are up by over 2.29% in the last three months, and the RSI indicator value of 62.8 is neither bullish nor bearish, tempting investors to stay on the sidelines.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 58 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities. The company operates various electricity generation facilities, such as nuclear, hydroelectric, fossil fuel-fired, and photovoltaic. PG&E Corporation was founded in 1905 and is headquartered in San Francisco, California.

 

Trader Alert: Dominion Resources, Inc. (D), Southern Copper Corporation (SCCO), PG&E Corporation (PCG)

Dominion Resources, Inc. (D) retreated with the stock falling -0.22% or $-0.17 to close at $75.52 on light trading volume of 1.39M compared its three months average trading volume of 2.54M. The Richmond Virginia 23219 based company operating under the Electric Utilities industry has been trending up for the last 52 weeks, with the shares price now 10.63% up for the period and down by -1.4% so far this year. With price target of $79.41 and a 14.96% rebound from 52-week low, Dominion Resources, Inc. has plenty of upside potential, making it a hold with a view buy.

Dominion Resources, Inc. produces and transports energy in the United States. The company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. The DVP segment engages in regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Generation segment is involved in electricity generation through coal, nuclear, gas, oil, hydro, and renewable sources; and related energy supply operations. It also comprises generation operations of the company’s merchant fleet and energy marketing, and price risk management activities for its assets. The Dominion Energy segment engages in regulated natural gas distribution operations, gas transmission pipeline and storage operations, natural gas gathering and processing activities, and liquefied natural gas operations. As of December 31, 2015, the company’s portfolio of assets included approximately 24,300 megawatts of generating capacity; 6,500 miles of electric transmission lines; 57,300 miles of electric distribution lines; 12,200 miles of natural gas transmission, gathering, and storage pipelines; and 22,000 miles of gas distribution pipelines. It served approximately 5 million utility and retail energy customers in 14 states; and operated underground natural gas storage systems with approximately 933 billion cubic feet of storage capacity. In addition, the company sells electricity at wholesale prices to rural electric cooperatives, municipalities, and into wholesale electricity markets. Dominion Resources, Inc. was founded in 1909 and is headquartered in Richmond, Virginia.

Southern Copper Corporation (SCCO) gained $0.62 to close the day at a new closing price of $38.44, a 1.64% increase in value from its previous closing price that moved the stock 64.2% above its 52 week low of $23.54. A total of 1.38M shares exchanged hands during the day compared with its three month average trading volume of 1.22M. The stock, which fluctuated between $37.46 and $38.65 during the day, currently situated -1.11% below its 52 week high. The stock is up by 19.08% in the past one month and up by 37.19% over the past three months. With a one year target estimate of $32.72 and RSI of 73.9, the stock still has upside potential, making it a sell for now.

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce anode copper; and refining of anode copper to produce copper cathodes, as well as molybdenum concentrate, refined silver, gold, and other materials. It operates the Toquepala, Cuajone, La Caridad, and Buenavista mine complexes, as well as the smelting and refining plants, which produce copper with production of by-products of molybdenum, silver, and other materials. The company also operates five underground mines that produce zinc, lead, copper, silver, and gold; a coal mine that produces coal and coke; and a zinc refinery. It has interests in 77,799 hectares of exploration concessions in Peru; 145,720 hectares of exploration concessions in Mexico; 159,831 hectares of exploration concessions in Argentina; 40,758 hectares of exploration concessions in Chile; and 2,544 hectares of exploration concessions in Ecuador. The company was founded in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation operates as a subsidiary of Americas Mining Corporation.

PG&E Corporation (PCG) shares were down in last trading by -0.23% to $60.62. It experienced lighter than average volume on day. The stock decreased in value by almost -1.21% over the past week and fell -0.12% in the past month. It is currently trading 1.39% above its 50 day moving average and 0.5% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -5.87% decrease in value from its one year high of $65.43. The RSI indicator value of 48.42, lead us to believe that it is a hold for now.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 58 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities. The company operates various electricity generation facilities, such as nuclear, hydroelectric, fossil fuel-fired, and photovoltaic. PG&E Corporation was founded in 1905 and is headquartered in San Francisco, California.

 

Momentum Stocks: KB Home (KBH), PG&E Corporation (PCG), Eversource Energy (ES)

KB Home (KBH) retreated with the stock falling -0.43% or $-0.07 to close at $16.28 on light trading volume of 1.92M compared its three months average trading volume of 2.45M. The Los Angeles California 90024 based company operating under the Residential Construction industry has been trending up for the last 52 weeks, with the shares price now 57.56% up for the period and up by 2.97% so far this year. With price target of $16.92 and a 75.2% rebound from 52-week low, KB Home has plenty of upside potential, making it a hold with a view buy.

KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers. It has operations in California, Arizona, Nevada, Colorado, Florida, Maryland, North Carolina, and Texas. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.

PG&E Corporation (PCG) had a light trading with around 1.92M shares changing hands compared to its three month average trading volume of 2.3M. The stock traded between $60.97 and $61.63 before closing at the price of $60.99 with -0.6% change on the day. The San Francisco California 94177 based company is currently trading 23.9% above its 52 week low of $51.85 and -5.29% below its 52 week high of $65.43. Both the RSI indicator and target price of  and $65.78 respectively, lead us to believe that it could rise over the coming weeks.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 58 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities. The company operates various electricity generation facilities, such as nuclear, hydroelectric, fossil fuel-fired, and photovoltaic. PG&E Corporation was founded in 1905 and is headquartered in San Francisco, California.

Eversource Energy (ES) saw its value decrease by -0.47% as the stock dropped $-0.26 to finish the day at a closing price of $54.74. The stock was higher in trading and has fluctuated between $50.56-$60.44 per share for the past year. The shares, which traded within a range of $54.71 to $55.37 during the day, are up by 1.98% in the past three months and down by -5.48% over the past six months. It is currently trading -0.77% below its 20 day moving average and 2.1% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $58.27 a share over the next twelve months. The current relative strength index (RSI) reading is 51.07.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the generation, transmission, and distribution of electricity; and distribution of natural gas. The company serves residential, commercial, and industrial customers in Connecticut, Massachusetts, and New Hampshire, the United States. It provides energy delivery services to approximately 3.6 million electric and natural gas customers. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy was founded in 1927 and is based in Springfield, Massachusetts.

 

3 Stocks in Focus: Equity Residential (EQR), PG&E Corporation (PCG), Analog Devices, Inc. (ADI)

Equity Residential (EQR) climbed 0.19% during last trading as the stock added $0.12 to finish the day at $63.6 with about 2.11M shares changing hands, compared to its three month average trading volume of 2.2M. The $23.52B market cap company, which fluctuated between $63.14 and $64.13 during the day, currently situated 9.27% above its 52 week low of $58.28 and -10.35% away from its one year high of $79.9. The RSI of 52.38 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. As of December 31, 2007, it owned and invested in 579 properties in 24 states and the District of Columbia consisting of 152,821 units. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Equity Residential was founded in 1966 and is headquartered in Chicago, Illinois.

PG&E Corporation (PCG) dropped $-0.32 to close the day at a new closing price of $61.46, a -0.52% decrease in value from its previous closing price that moved the stock 25.22% above its 52 week low of $50.8. A total of 2.11M shares exchanged hands during the day compared with its three month average trading volume of 2.3M. The stock, which fluctuated between $61.36 and $61.76 during the day, currently situated -4.57% below its 52 week high. The stock is up by 3.24% in the past one month and up by 2.58% over the past three months. With a one year target estimate of $65.72 and RSI of 59.26, the stock still has upside potential, making it a hold for now.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 58 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities. The company operates various electricity generation facilities, such as nuclear, hydroelectric, fossil fuel-fired, and photovoltaic. PG&E Corporation was founded in 1905 and is headquartered in San Francisco, California.

Analog Devices, Inc. (ADI) had a light trading with around 2.11M shares changing hands compared to its three month average trading volume of 2.58M. The stock traded at the price of $73.01 with 1.01% change on the day. The Norwood Massachusetts 02062 based company is currently trading 55.82% above its 52 week low of $47.24 and -2.42% below its 52 week high of $74.87. Both the RSI indicator and target price of 56.62 and $78.7 respectively, lead us to believe that it should be put on hold over the coming weeks.

Analog Devices, Inc. designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure. The company also provides MEMS technology solutions, including accelerometers used to sense acceleration, gyroscopes to sense rotation, and inertial measurement units to sense multiple degrees of freedom. In addition, it offers isolators for various applications, such as universal serial bus isolation in patient monitors; and smart metering and satellite applications. Further, the company provides power management and reference products; and digital signal processing products for high-speed numeric calculations. Its products are used in electronic equipment, including industrial process control systems, medical imaging equipment, factory automation systems, patient monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable electronic devices. The company serves clients in industrial, automotive, consumer, and communications markets through a direct sales force, third-party distributors, and independent sales representatives in the United States, rest of North/South America, Europe, Japan, China, and rest of Asia, as well as through its Website. It has a collaboration with TriLumina Corp. to provide illuminator modules for automotive flash LiDAR systems. Analog Devices, Inc. was founded in 1965 and is headquartered in Norwood, Massachusetts.

 

Stocks Alert: The Interpublic Group of Companies, Inc. (IPG), PG&E Corporation (PCG), Sunstone Hotel Investors, Inc. (SHO)

The Interpublic Group of Companies, Inc. (IPG) retreated with the stock falling -0.25% or $-0.06 to close at $23.52 on light trading volume of 2.51M compared its three months average trading volume of 4.16M. The New York New York 10022 based company operating under the Advertising Agencies industry has been trending up for the last 52 weeks, with the shares price now 11.15% up for the period and up by 0.47% so far this year. With price target of $26 and a 21.99% rebound from 52-week low, The Interpublic Group of Companies, Inc. has plenty of upside potential, making it a hold with a view buy.

The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. It operates through two segments, Integrated Agency Networks and Constituency Management Group. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. It also provides various diversified services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting. The company’s brands comprise McCann, MullenLowe, IPG Mediabrands, Carmichael Lynch, Deutsch, Hill Holliday, and The Martin Agency, as well as Foote, Cone & Belding. The company was formerly known as McCann-Erickson Incorporated and changed its name to The Interpublic Group of Companies, Inc. in January 1961. The Interpublic Group of Companies, Inc. was founded in 1902 and is headquartered in New York, New York.

PG&E Corporation (PCG) gained $1.2 to close the day at a new closing price of $61.78, a 1.98% increase in value from its previous closing price that moved the stock 25.87% above its 52 week low of $50.65. A total of 2.51M shares exchanged hands during the day compared with its three month average trading volume of 2.3M. The stock, which fluctuated between $60.75 and $61.82 during the day, currently situated -4.07% below its 52 week high. The stock is up by 4.67% in the past one month and up by 4.15% over the past three months. With a one year target estimate of $65.72 and RSI of 61.95, the stock still has upside potential, making it a hold for now.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 58 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities. The company operates various electricity generation facilities, such as nuclear, hydroelectric, fossil fuel-fired, and photovoltaic. PG&E Corporation was founded in 1905 and is headquartered in San Francisco, California.

Sunstone Hotel Investors, Inc. (SHO) shares were down in last trading by -0.07% to $14.74. It experienced higher than average volume on day. The stock decreased in value by almost -1.47% over the past week and fell -1.82% in the past month. It is currently trading 3.33% above its 50 day moving average and 15.14% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -6.05% decrease in value from its one year high of $16.05. The RSI indicator value of 47.72, lead us to believe that it is a hold for now.

Sunstone Hotel Investors, Inc. operates as a real estate investment trust. The firm engages in the acquisition, ownership, asset management, renovation, and sale of luxury, upper upscale, and upscale full-service hotels in the United States. Its portfolio also includes mid-scale hotels. Sunstone Hotel Investors was founded in 1995 and is based in Aliso Viejo, California.