Target Corporation (TGT) retreated with the stock falling -5.77% or $-4.09 to close at $66.85 on light trading volume of 19.05M compared its three months average trading volume of 5.17M. The Minneapolis Minnesota 55403 based company operating under the Discount, Variety Stores industry has been trending down for the last 52 weeks, with the shares price now -0.29% down for the period and down by -7.45% so far this year. With price target of $78 and a 3.88% rebound from 52-week low, Target Corporation has plenty of upside potential, making it a hold with a view buy.
Target Corporation operates as a general merchandise retailer. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys, as well as electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes. The company also provides food and pet supplies comprising dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and home furnishings and décor, including furniture, lighting, kitchenware, small appliances, home décor, bed and bath, home improvement, and automotive products, as well as seasonal merchandise, such as patio furniture and holiday décor. In addition, it offers in-store amenities, including Target Café, Target Photo, Target Optical, Portrait Studio, Starbucks, and other food service offerings. Target Corporation sells products through its stores; and digital channels, including Target.com. As of January 30, 2016, the company operated 1,792 stores in the United States. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.
Freeport-McMoRan Inc. (FCX) had a light trading with around 18.6M shares changing hands compared to its three month average trading volume of 32.92M. The stock traded between $14.98 and $15.39 before closing at the price of $15.24 with 1.2% change on the day. The Phoenix Arizona 85004 based company is currently trading 332.95% above its 52 week low of $3.8 and -7.19% below its 52 week high of $16.42. Both the RSI indicator and target price of and $13.67 respectively, lead us to believe that it could rise over the coming weeks.
Freeport-McMoRan Inc., a natural resource company, acquires, explores, and develops mineral assets, and oil and natural gas resources. The company explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, as well as oil and gas. It holds interests in various mines located in the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, Miami, Chino, Tyrone, Henderson, and Climax in North America; Cerro Verde and El Abra in South America; and the Tenke Fungurume minerals district in the Democratic Republic of Congo, Africa. The companys oil and gas operations include oil production facilities in the Deepwater Gulf of Mexico; oil production facilities onshore and offshore in California; onshore natural gas resources in the Haynesville shale in Louisiana; natural gas production from the Madden area in central Wyoming; and a position in the Inboard Lower Tertiary/Cretaceous natural gas trend onshore located in South Louisiana. As of December 31, 2015, its consolidated recoverable proven and probable mineral reserves included 99.5 billion pounds of copper, 27.1 million ounces of gold, 3.05 billion pounds of molybdenum, 271.2 million ounces of silver, and 0.87 billion pounds of cobalt; and its estimated proved oil and natural gas reserves totaled 252 million barrels of oil equivalents. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was founded in 1987 and is headquartered in Phoenix, Arizona.
NVIDIA Corporation (NVDA) saw its value increase by 1.82% as the stock gained $1.84 to finish the day at a closing price of $102.95. The stock was lighter in trading and has fluctuated between $24.75-$119.93 per share for the past year. The shares, which traded within a range of $99.11 to $103.23 during the day, are up by 57.15% in the past three months and up by 93% over the past six months. It is currently trading -2.55% below its 20 day moving average and 8.74% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $99 a share over the next twelve months. The current relative strength index (RSI) reading is 51.02.The technical indicator lead us to believe there will be no major movement any time soon, hold.
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for deep learning, accelerated computing, and general purpose computing; and GRID for cloud-based streaming on gaming devices. The Tegra Processor segment provides processors that integrate a computer onto a single chip under the Tegra brand name; DRIVE automotive computers, which offer supercomputing capabilities; and tablet and portable devices for mobile gaming under the SHIELD name. The companys products are used in gaming, professional visualization, datacenter, and automotive markets. It sells its products primarily to original equipment manufacturers, original design manufacturers, system builders, motherboard manufacturers, add-in board manufacturers, and retailers/distributors. The company has a collaboration with ZENRIN to develop a cloud-to-car HD map solution for self-driving cars. NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California.