Stocks in the Spotlight: Weyerhaeuser Co. (WY), Red Hat, Inc. (RHT), Abbott Laboratories (ABT)

Weyerhaeuser Co. (WY) had a light trading with around 4.17M shares changing hands compared to its three month average trading volume of 4.29M. The stock traded between $32.97 and $33.57 before closing at the price of $33.29 with -1.48% change on the day. The Federal Way Washington 98003 based company is currently trading 53.08% above its 52 week low of $22.35 and -2.09% below its 52 week high of $34. Both the RSI indicator and target price of 63.81 and $34.46 respectively, lead us to believe that it should be put on hold over the coming weeks.

Weyerhaeuser Co. is a real estate investment trust. It primarily invests in United States. The firm operates under four business segments, timberlands, wood products, cellulose fibers and real estate. It owns timberlands primarily in the U.S and has long-term licenses in Canada. The firm manufactures wood and specialty cellulose fibers products, and develops real estate, primarily as a builder of single-family homes. Weyerhaeuser Co was founded in 1900 and is based in Seattle, Washington.

Red Hat, Inc. (RHT) continued its upward trend with the stock climbing 0.4% or $0.32 to close the day at $80.09 on light trading volume of 1.31M shares, compared to its three month average trading volume of 1.92M. The Raleigh North Carolina 27601 based company has been outperforming the application software group over the past 52 weeks, with the stock gaining 25.45%, compared to the industry which has advanced 29.41% over the same period. With RSI of 66.08, the stock should still continue to rise and get closer to its one year target estimate of $86.2, making it a hold for now.

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

Abbott Laboratories (ABT) shares were up in last trading by 0.99% to $43.65. It experienced lighter than average volume on day. The stock increased in value by almost 1.77% over the past week and grew 6.65% in the past month. It is currently trading 9.27% above its 50 day moving average and 8.66% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -3.45% decrease in value from its one year high of $45.79. The RSI indicator value of 76.02, lead us to believe that it may reverse gains in the near term.

Abbott Laboratories manufactures and sells health care products worldwide. The company’s Established Pharmaceutical Products segment offers branded generic pharmaceuticals to treat pancreatic exocrine insufficiency; irritable bowel syndrome or biliary spasm; intrahepatic cholestasis or depressive symptoms; gynecological disorders; hormone replacement therapy; dyslipidemia; hypertension; hypothyroidism; Ménière’s disease and vestibular vertigo; pain, fever, and inflammation; migraines; anti-infective clarithromycin; and influenza vaccines, as well as to regulate physiological rhythm of the colon. Its Diagnostic Products segment provides immunoassay and clinical chemistry systems; assays used to screen and/or diagnosis cancer, cardiac, drugs of abuse, fertility, infectious diseases, and therapeutic drug monitoring; hematology systems and reagents; diagnostic systems and cartridges; instruments to automate the extraction, purification, and preparation of DNA and RNA from patient samples, and detects and measures infectious agents; genomic-based tests; informatics and automation solutions; and instrument used to identify infection-causing pathogens. The company’s Nutritional Products segment provides pediatric and adult nutritional products. Its Vascular Products segment offers coronary, endovascular, vessel closure, and structural heart devices to treat vascular disease. The company also provides blood and flash glucose monitoring systems, including test strips, sensors, data management decision software, and accessories for people with diabetes; and medical devices for the eye, such as cataract and LASIK surgery, contact lens care, and dry eye products. In addition, it develops cardiovascular medical devices. It serves retailers, wholesalers, hospitals, health care facilities, laboratories, physicians’ offices, and government agencies. The company has strategic alliance with Fonterra. The company was founded in 1888 and is headquartered in Abbott Park, Illinois.

 

Stocks in Focus: CenterPoint Energy, Inc. (CNP), Coca-Cola European Partners Plc (CCE), Red Hat, Inc. (RHT)

CenterPoint Energy, Inc. (CNP) had a light trading with around 2.01M shares changing hands compared to its three month average trading volume of 3.3M. The stock traded between $26.41 and $26.59 before closing at the price of $26.49 with 0.08% change on the day. The Houston Texas 77002 based company is currently trading 56.51% above its 52 week low of $17.8 and -0.3% below its 52 week high of $26.59. Both the RSI indicator and target price of 66.13 and $25.27 respectively, lead us to believe that it should be put on hold over the coming weeks.

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company’s Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies. As of December 31, 2015, this segment owned 28,474 pole miles of overhead distribution lines and 3,723 circuit miles of overhead transmission lines; 23,120 circuit miles of underground distribution lines and 26 circuit miles of underground transmission lines; and 232 substations with a capacity of 58,674 megavolt amperes. Its Natural Gas Distribution segment sells regulated intrastate natural gas; provides natural gas transportation and storage services for residential, commercial, industrial, and transportation customers; and offers unregulated services comprising residential appliance repair and maintenance services, as well as sells heating, ventilating and air conditioning equipment. This segment owned approximately 74,000 linear miles of natural gas distribution mains. The company’s Energy Services segment provides physical natural gas supplies primarily to commercial and industrial customers, and electric and gas utilities; natural gas management services; and physical delivery services, as well as procures and optimizes transportation and storage assets. It owns and operates approximately 200 miles of intrastate pipelines; and leases transportation capacity on various interstate and intrastate pipelines, and storage. Its Midstream Investments segment provides gathering, processing, compression, treating, dehydration, and natural gas liquids fractionation for producer customers. This segment had approximately 12,400 miles of gathering pipelines, 7,900 miles of interstate pipelines, and approximately 2,300 miles of intrastate pipelines. The company was founded in 1882 and is headquartered in Houston, Texas.

Coca-Cola European Partners Plc (CCE) continued its downward trend with the stock declining -0.37% or $-0.13 to close the day at $35.03 on light trading volume of 2.01M shares, compared to its three month average trading volume of 2.05M. The Uxbridge Greater London UB8 1EZ based company has been outperforming the beverages – soft drinks group over the past 52 weeks, with the stock gaining 5.56%, compared to the industry which has advanced 6.62% over the same period. With RSI of 63.91, the stock should still continue to rise and get closer to its one year target estimate of $38.41, making it a hold for now.

Coca-Cola European Partners plc, a consumer packaged goods company, produces, distributes, and markets a range of non-alcoholic ready-to-drink beverages in Europe. The company was founded in 2015 and is headquartered in Uxbridge, United Kingdom. Coca-Cola European Partners plc is a subsidiary of The Coca-Cola Company.

Red Hat, Inc. (RHT) shares were down in last trading by -0.08% to $79.25. It experienced higher than average volume on day. The stock increased in value by almost 1.43% over the past week and grew 9.57% in the past month. It is currently trading 4.77% above its 50 day moving average and 4.97% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -4.21% decrease in value from its one year high of $82.73. The RSI indicator value of 64.07, lead us to believe that it is a hold for now.

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

 

Eye Catching Stocks: Red Hat, Inc. (RHT), Amphenol Corporation (APH), WEC Energy Group, Inc. (WEC)

Red Hat, Inc. (RHT) failed to extend gains with the stock declining -0.25% or $-0.2 to close the day at $78.66 on light trading volume of 1.58M shares, compared to its three month average trading volume of 1.86M. The Raleigh North Carolina 27601 based company has been outperforming the application software group over the past 52 weeks, with the stock gaining 27.69%, compared to the industry which has advanced 31.6% over the same period. With RSI of 63.23, the stock should still continue to rise and get closer to its one year target estimate of $86.2, making it a hold for now.

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

Amphenol Corporation (APH) climbed 1.08% during last trading as the stock added $0.73 to finish the day at $68.02 with about 1.56M shares changing hands, compared to its three month average trading volume of 1.21M. The $20.89B market cap company, which fluctuated between $67.26 and $68.41 during the day, currently situated 42.52% above its 52 week low of $48.48 and -1.78% away from its one year high of $69.25. The RSI of 53.1 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment produces connectors and connector systems, including fiber optic, harsh environment, high speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors. It also offers value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products; and other products comprising antennas, printed circuit boards, hinges, production-related accessories, molded parts, sensors and sensor-based products, switches, and touch panels and lenses. The Cable Products and Solutions segment provides coaxial, power, and specialty cables; cable assemblies; and components comprising combiner/splitter products, connector and connector systems, and fiber optic components. It serves original equipment manufacturers, electronic manufacturing services companies, original design manufacturers, and communication network operators in the automotive, broadband communication, commercial aerospace, industrial, information technology and data communication, military, mobile device, and mobile network markets. The company sells its products through its sales force, independent representatives, and a network of electronics distributors. Amphenol Corporation was founded in 1932 and is headquartered in Wallingford, Connecticut.

WEC Energy Group, Inc. (WEC) saw its value increase by 0.74% as the stock gained $0.43 to finish the day at a closing price of $58.33. The stock was lighter in trading and has fluctuated between $53.66-$66.1 per share for the past year. The shares, which traded within a range of $57.85 to $58.63 during the day, are up by 0.42% in the past three months and down by -5.1% over the past six months. It is currently trading 0.03% above its 20 day moving average and 0.74% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $59.5 a share over the next twelve months. The current relative strength index (RSI) reading is 53.4. The technical indicator lead us to believe there will be no major movement any time soon, hold.

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.

 

3 Stocks in Focus: Red Hat, Inc. (RHT), Entergy Corporation (ETR), E. I. du Pont de Nemours and Company (DD)

Red Hat, Inc. (RHT) climbed 0.12% during last trading as the stock added $0.09 to finish the day at $78.22 with about 1.32M shares changing hands, compared to its three month average trading volume of 1.85M. The $13.87B market cap company, which fluctuated between $77.4 and $78.29 during the day, currently situated 31.26% above its 52 week low of $60.03 and -5.45% away from its one year high of $82.73. The RSI of 64.15 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

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

Entergy Corporation (ETR) dropped $-0.15 to close the day at a new closing price of $71.67, a -0.21% decrease in value from its previous closing price that moved the stock 7.44% above its 52 week low of $66.71. A total of 1.32M shares exchanged hands during the day compared with its three month average trading volume of 1.43M. The stock, which fluctuated between $71.62 and $72.19 during the day, currently situated -11.34% below its 52 week high. The stock is down by -1.82% in the past one month and up by 1.63% over the past three months. With a one year target estimate of $73.5 and RSI of 54.52, the stock still has upside potential, making it a hold for now.

Entergy Corporation, together with its subsidiaries, engages in the generation and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas. The Entergy Wholesale Commodities segment is engaged in the ownership, operation, and decommissioning of nuclear power plants located in the northern United States; sells the electric power to wholesale customers; offers services to other nuclear power plant owners; and owns interests in non-nuclear power plants that sell the electric power to wholesale customers. This segment sells energy to retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies. It generates electricity through gas/oil, nuclear, coal, wind, and hydro power. The company’s power plants have approximately 30,000 megawatts (MW) of aggregate electric generating capacity, including approximately 10,000 MW of nuclear-fueled capacity. It delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. The company was founded in 1989 and is based in New Orleans, Louisiana.

  1. I. du Pont de Nemours and Company (DD) had a light trading with around 1.31M shares changing hands compared to its three month average trading volume of 2.84M. The stock traded between $75.88 and $76.48 before closing at the price of $76.29 with -0.18% change on the day. The Wilmington Delaware 19805 based company is currently trading 38.69% above its 52 week low of $55.94 and -2.64% below its 52 week high of $78.36. Both the RSI indicator and target price of 58.61 and $81.94 respectively, lead us to believe that it should be put on hold over the coming weeks.
  2. I. du Pont de Nemours and Company operates as a science and technology based company. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, wheat, rice, sorghum, inoculants, seed products, herbicides, fungicides, and insecticides, as well as offers crop protection products, such as weed control, disease control, and insect control products. Its Electronics & Communications segment provides various materials and systems for consumer electronics, photovoltaics, displays, and advanced printing. The company’s Industrial Biosciences segment develops and manufactures a portfolio of enzymes and bio-based materials. Its Nutrition & Health segment offers cultures, probiotics, emulsifiers, texturants, natural sweeteners, and soy-based food ingredients for the food industry market. The company’s Performance Materials segment offers elastomers and thermoplastic, and thermoset engineering polymers; resins and films for packaging and industrial polymer applications, sealants and adhesives, and sporting goods; and elastomers, parts, and systems and solutions for automotive and transportation, packaging for food and beverages, electrical/electronic components, material handling, healthcare, construction, semiconductor, and aerospace markets. Its Protection Solutions segment provides nonwovens, aramids, and solid surfaces for industrial, construction, consumer, military and law enforcement, automotive, aircraft, and energy markets. The company markets its products through the company’s sales force and distributors in the United States and internationally. E. I. du Pont de Nemours and Company was founded in 1802 and is headquartered in Wilmington, Delaware.

 

Trader’s Round Up: The PNC Financial Services Group, Inc. (PNC), MPLX LP (MPLX), Red Hat, Inc. (RHT)

The PNC Financial Services Group, Inc. (PNC) retreated with the stock falling -0.93% or $-1.13 to close at $120.01 on light trading volume of 2.09M compared its three months average trading volume of 3.13M. The Pittsburgh Pennsylvania 15222 based company operating under the Money Center Banks industry has been trending up for the last 52 weeks, with the shares price now 46.53% up for the period and up by 3.07% so far this year. With price target of $124.23 and a 58.19% rebound from 52-week low, The PNC Financial Services Group, Inc. has plenty of upside potential, making it a hold with a view buy.

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.

MPLX LP (MPLX) dropped $-0.19 to close the day at a new closing price of $37.61, a -0.5% decrease in value from its previous closing price that moved the stock 141.08% above its 52 week low of $16.34. A total of 2.08M shares exchanged hands during the day compared with its three month average trading volume of 1.55M. The stock, which fluctuated between $37.17 and $37.61 during the day, currently situated -2.44% below its 52 week high. The stock is up by 6.85% in the past one month and up by 10.67% over the past three months. With a one year target estimate of $41.06 and RSI of 67.35, the stock still has upside potential, making it a hold for now.

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. The company engages in gathering, processing, and transportation of natural gas; the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering, transportation, and storage of crude oil and refined petroleum products. As of December 31, 2015, the company’s assets included approximately 2,900 miles of crude oil and refined product pipelines across 9 states. It also holds a 100% interest in butane cavern located in Neal, West Virginia with approximately 1,000 thousand barrels of storage capacity. In addition, the company operates crude oil and product pipelines owned by third parties. MPLX GP LLC acts as the general partner of MPLX LP. The company was founded in 2012 and is based in Findlay, Ohio.

Red Hat, Inc. (RHT) shares were up in last trading by 2.16% to $77.71. It experienced higher than average volume on day. The stock increased in value by almost 3.27% over the past week and grew 10.82% in the past month. It is currently trading 2.65% above its 50 day moving average and 3.07% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -6.07% decrease in value from its one year high of $82.73. The RSI indicator value of 64.51, lead us to believe that it is a hold for now.

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

 

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

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

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

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

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

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

Plains All American Pipeline, L.P., through with its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), natural gas, and refined products in the United States and Canada. Its Transportation segment transports crude oil and NGL through pipelines, gathering systems, trucks, and barges. As of December 31, 2015, this segment owned and leased 18,100 miles of active crude oil and NGL pipelines and gathering systems; 30 million barrels of active and above-ground tank capacity; 830 trailers; 142 transport and storage barges; and 64 transport tugs. The company’s Facilities segment provides storage, terminalling, and throughput services for crude oil, refined products, NGL, and natural gas; and NGL fractionation and isomerization, and natural gas and condensate processing services. As of December 31, 2015, it owned and operated approximately 80 million barrels of crude oil and refined products storage capacity; 25 million barrels of NGL storage capacity; 97 billion cubic feet of natural gas storage working capacity; 31 billion cubic feet of base gas; 10 natural gas processing plants; 1 condensate processing facility; 7 fractionation plants; 28 crude oil and NGL rail terminals; 6 marine facilities; and 1,100 miles of active pipelines. Its Supply and Logistics segment purchases crude oil at the wellhead, pipeline, terminal, and rail facilities; purchases cargos at load port and various locations in transit; stores inventory, and NGL and natural gas; purchases NGL; resells or exchanges crude oil and NGL; transports crude oil and NGL on trucks, barges, railcars, pipelines, and ocean-going vessels; and purchases and sells natural gas. As of December 31, 2015, it owned 13 million barrels of crude oil and NGL linefill; 5 million barrels of crude oil and NGL linefill; 990 trucks and 1,100 trailers; and 10,100 crude oil and NGL railcars. The company was founded in 1998 and is headquartered in Houston, Texas.

 

Eye Catching Stocks: Omnicom Group Inc. (OMC), Microchip Technology Incorporated (MCHP), Red Hat, Inc. (RHT)

Omnicom Group Inc. (OMC) failed to extend gains with the stock declining -0.06% or $-0.05 to close the day at $86.98 on light trading volume of 1.42M shares, compared to its three month average trading volume of 1.61M. The New York New York 10022 based company has been outperforming the advertising agencies group over the past 52 weeks, with the stock gaining 24.14%, compared to the industry which has advanced 16.83% over the same period. With RSI of 57.61, the stock should still continue to rise and get closer to its one year target estimate of $83.31, making it a hold for now.

Omnicom Group Inc. provides advertising, marketing, and corporate communications services. It offers a range of services in advertising, customer relationship management, public relations, and specialty communications areas. The company’s services include advertising, brand consultancy, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, direct marketing, entertainment marketing, environmental design, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare communications, and instore design services. Its services also comprise interactive marketing, investor relations, marketing research, media planning and buying, mobile marketing, multi-cultural marketing, non-profit marketing, organizational communications, package design, product placement, promotional marketing, public affairs, public relations, reputation consulting, retail marketing, search engine marketing, social media marketing, and sports and event marketing services. The company offers its services in North America, Latin America, Europe, the Middle East, Africa, Australia, China, India, Japan, Korea, New Zealand, Singapore, and other Asian countries. Omnicom Group Inc. was founded in 1944 and is based in New York, New York.

Microchip Technology Incorporated (MCHP) climbed 1.67% during last trading as the stock added $1.13 to finish the day at $68.76 with about 1.42M shares changing hands, compared to its three month average trading volume of 2.16M. The $14.85B market cap company, which fluctuated between $67.83 and $68.78 during the day, currently situated 81.15% above its 52 week low of $39.01 and -0.38% away from its one year high of $69.02. The RSI of 61.86 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers under the PIC brand name; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, wired connectivity, and wireless connectivity. It also provides development tools that enable system designers to program PIC microcontrollers for specific applications; analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, RF, drivers, safety and security, USB, Ethernet, wireless, and other interface products; and memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, and serial SRAM memories for the production of very small footprint devices. In addition, the company licenses its SuperFlash embedded flash and Smartbits one time programmable NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, and analog products that require embedded non-volatile memory, as well as provides engineering services. It serves automotive, communications, computing, consumer, office automation, telecommunication, aerospace, defense, safety, security, medical, and industrial control markets. The company sells its products through a network of direct sales personnel and distributors in the Americas, Europe, and Asia. Microchip Technology Incorporated was founded in 1989 and is headquartered in Chandler, Arizona.

Red Hat, Inc. (RHT) saw its value increase by 0.6% as the stock gained $0.45 to finish the day at a closing price of $75.7. The stock was lighter in trading and has fluctuated between $59.59-$82.73 per share for the past year. The shares, which traded within a range of $75.12 to $75.85 during the day, are down by -1.73% in the past three months and up by 1.71% over the past six months. It is currently trading 3.86% above its 20 day moving average and -0.2% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $86.2 a share over the next twelve months. The current relative strength index (RSI) reading is 55.21. The technical indicator lead us to believe there will be no major movement any time soon, hold.

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

 

3 Stocks in Focus: Red Hat, Inc. (RHT), KLA-Tencor Corporation (KLAC), Hilton Worldwide Holdings Inc. (HLT)

Red Hat, Inc. (RHT) climbed 1.33% during last trading as the stock added $1 to finish the day at $76.43 with about 2.02M shares changing hands, compared to its three month average trading volume of 1.74M. The $13.58B market cap company, which fluctuated between $75.9 and $77.1 during the day, currently situated 28.26% above its 52 week low of $59.59 and -7.62% away from its one year high of $82.73. The RSI of 58.6 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

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

KLA-Tencor Corporation (KLAC) gained $1.87 to close the day at a new closing price of $84.67, a 2.26% increase in value from its previous closing price that moved the stock 38.89% above its 52 week low of $62.33. A total of 2.01M shares exchanged hands during the day compared with its three month average trading volume of 1.63M. The stock, which fluctuated between $83.13 and $85.14 during the day, currently situated 1.73% above its 52 week high. The stock is up by 6.97% in the past one month and up by 14.38% over the past three months. With a one year target estimate of $79.7 and RSI of 67.69, the stock still has upside potential, making it a hold for now.

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions worldwide. It offers chip manufacturing products, such as front-end defect inspection tools, defect review systems, advanced packaging process control systems, metrology solutions, in-situ process monitoring products, and lithography software; wafer manufacturing products comprising surface and defect inspection, wafer geometry and nanotopography metrology, and data management; and reticle manufacturing products, such as defect inspection and pattern placement metrology products. The company also provides light emitting diode (LED), power device, and compound semiconductor manufacturing products consisting of patterned wafer inspection, defect inspection, surface metrology, and data management products; thin-film head metrology and inspection, virtual lithography, in-situ process monitoring, transparent and metal substrate inspection, and data management products for data storage media/head manufacturing; and stylus and optical profiling, and optical inspection products for microelectromechanical systems manufacturing, as well as products for general purpose/lab applications. It offers its products and services for bare wafer, IC, lithography reticle, and disk manufacturers. The company serves semiconductor and related nanoelectronics, LED, and data storage industries, as well as general materials research industries. KLA-Tencor Corporation was founded in 1975 and is headquartered in Milpitas, California.

Hilton Worldwide Holdings Inc. (HLT) had a light trading with around 1.99M shares changing hands compared to its three month average trading volume of 4.7M. The stock traded between $58.1 and $58.94 before closing at the price of $58.78 with 1.17% change on the day. The McLean Virginia 22102 based company is currently trading 74.83% above its 52 week low of $34.04 and -1.64% below its 52 week high of $59.76. Both the RSI indicator and target price of 68.69 and $80.78 respectively, lead us to believe that it should be put on hold over the coming weeks.

Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates through three segments: Ownership, Management and Franchise, and Timeshare. It also licenses its brands to franchisees; provides hotel management services for third parties; and markets and sells timeshare interests owned by Hilton and third parties. In addition, the company provides consumer financing, which includes interest income generated from the origination of consumer loans to finance their purchase of timeshare intervals. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Hampton Inn brands. As of December 29, 2016, the company had approximately 4,800 managed, franchised, owned, and leased hotels, resorts, and timeshare properties comprising 789,000 rooms in 104 countries and territories. Hilton Worldwide Holdings Inc. was founded in 1919 and is headquartered in McLean, Virginia.

 

3 Notable Runners: Red Hat, Inc. (RHT), Twenty-First Century Fox, Inc. (FOX), Las Vegas Sands Corp. (LVS)

Red Hat, Inc. (RHT) continued its upward trend with the stock climbing 0.43% or $0.32 to close the day at $73.92 on higher than average trading volume of 2.03M shares, compared to its three month average trading volume of 1.72M. The Raleigh North Carolina 27601 based company has been outperforming the application software companies by -4.6358% for last three months and its recent losses have trimmed gains to 6.05% YTD, versus the application software industry which is up 4.56% for the same period. The RSI of 48.74 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

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

Twenty-First Century Fox, Inc. (FOX) had a light trading with around 2.03M shares changing hands compared to its three month average trading volume of 4.06M. The stock traded at the price of $29.21 with -1.05% change on the day. The New York New York 10036 based company is currently trading 30.63% above its 52 week low of $22.65 and -5.55% below its 52 week high of $31.16. Both the RSI indicator and target price of 60.91 and $32 respectively, lead us to believe that it should be put on hold over the coming weeks.

Twenty-First Century Fox, Inc., together with its subsidiaries, operates as a diversified media and entertainment company in the United States, the United Kingdom, Continental Europe, Asia, Latin America, and internationally. It operates through Cable Network Programming; Television; Filmed Entertainment; and Other, Corporate and Eliminations segments. The company produces and licenses news, sports, movie, and general and factual entertainment programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors. It also broadcasts network programming; and operates 28 broadcast television stations, including 11 duopolies in the United States. In addition, the company produces and acquires live-action and animated motion pictures for distribution and licensing in various formats and entertainment media, as well as produces and licenses television programming worldwide. Further, it offers video advertising services, including consumer engagement and on-demand marketing campaigns; and operates two San Francisco-Bay area television stations. The company was formerly known as News Corporation. Twenty-First Century Fox, Inc. was founded in 1922 and is headquartered in New York, New York.

Las Vegas Sands Corp. (LVS) traded within a range of $55.69 to $56.42 after opening the day at $56.1. The company has seen its stock increase in value by 4.55% so far this year. The stock was down close to -0.36% on light volume in last trading session and closed at $55.84 per share. After the recent fall, the stock is currently holding -10.77% below its 52 week high of $63.38 and 69.01% above its 12-month low of $36.3. The shares are down by over -1.56% in the last three months, and the RSI indicator value of 50.73 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, Sands Cotai Central, the Four Seasons Hotel Macao, Cotai Strip, the Plaza Casino, and the Sands Macao in Macao, the People’s Republic of China; and iconic Marina Bay Sands in Singapore. The company also owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and Five-Diamond luxury resorts on the Las Vegas Strip; Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania. Its integrated resorts include accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.

 

Trader Alert: Dana Incorporated (DAN), Red Hat, Inc. (RHT), New Residential Investment Corp. (NRZ)

Dana Incorporated (DAN) grew with the stock adding 0.36% or $0.07 to close at $19.33 on light trading volume of 1.29M compared its three months average trading volume of 1.94M. The Maumee Ohio 43537 based company operating under the Auto Parts industry has been trending up for the last 52 weeks, with the shares price now 66.21% up for the period and up by 1.84% so far this year. With price target of $19.1 and a 97.24% rebound from 52-week low, Dana Incorporated has plenty of upside potential, making it a hold with a view buy.

Dana Incorporated manufactures and sells driveline, sealing, and thermal-management products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies. The Light Vehicle Driveline Technologies segment offers front axles, rear axles, driveshafts, differentials, torque couplings, and modular assemblies for use in light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars. The Commercial Vehicle Driveline Technologies segment provides Steer and drive axles, driveshafts, and tire inflation systems for medium and heavy duty trucks, buses, and specialty vehicles. The Off-Highway Driveline Technologies segment manufactures front and rear axles, driveshafts, transmissions, torque converters, tire inflation systems, and electronic controls for use in construction, earth moving, agricultural, mining, forestry, rail, and material handling applications. The Power Technologies segment offers gaskets, cover modules, heat shields, engine sealing systems, cooling products, and heat transfer products for light vehicle, medium/heavy vehicle, and off-highway markets. The company was formerly known as Dana Holding Corporation and changed its name to Dana Incorporated in August 2016. Dana Incorporated was founded in 1904 and is headquartered in Maumee, Ohio.

Red Hat, Inc. (RHT) gained $0.33 to close the day at a new closing price of $73.36, a 0.45% increase in value from its previous closing price that moved the stock 23.11% above its 52 week low of $59.59. A total of 1.29M shares exchanged hands during the day compared with its three month average trading volume of 1.7M. The stock, which fluctuated between $72.84 and $73.7 during the day, currently situated -11.33% below its 52 week high. The stock is down by -8.93% in the past one month and down by -4.52% over the past three months. With a one year target estimate of $86.2 and RSI of 48.3, the stock still has upside potential, making it a hold for now.

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

New Residential Investment Corp. (NRZ) shares were up in last trading by 0.06% to $16.03. It experienced lighter than average volume on day. The stock increased in value by almost 0.44% over the past week and grew 3.46% in the past month. It is currently trading 6.69% above its 50 day moving average and 21.91% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -0.99% decrease in value from its one year high of $16.43. The RSI indicator value of 70.16, lead us to believe that it may reverse gains in the near term.

New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs. It also acquires and manages a diversified portfolio of credit sensitive real estate securities, such as non-agency and agency residential mortgage backed securities; and acquires residential mortgage loans comprising performing, non-performing, re-performing, and reverse mortgage loans. In addition, the company has an interest in a portfolio of consumer loans, including unsecured and homeowner loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2011 and is based in New York, New York.