Hovnanian Enterprises, Inc. (HOV) continued its upward trend with the stock climbing 5.99% or $0.13 to close the day at $2.3 on active trading volume of 4.35M shares, compared to its three month average trading volume of 1.2M. The Red Bank New Jersey 07701 based company has been outperforming the residential construction group over the past 52 weeks, with the stock gaining 28.49%, compared to the industry which has dropped -10.5% over the same period. With RSI of 89.32, the stock should still continue to rise and get closer to its one year target estimate of $1.88, making it a hold for now.
Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters in 219 communities in 34 markets. It also provides financial services comprising originating mortgages from homebuyers and selling such mortgages in the secondary market, as well as offers title insurance services. The company was founded in 1959 and is headquartered in Red Bank, New Jersey.
Tyson Foods, Inc. (TSN) climbed 0.39% during last trading as the stock added $0.22 to finish the day at $57.27 with about 4.35M shares changing hands, compared to its three month average trading volume of 4.03M. The $20.33B market cap company, which fluctuated between $56.84 and $57.96 during the day, currently situated 19.27% above its 52 week low of $48.52 and -25.38% away from its one year high of $77.05. The RSI of 32.39 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
Tyson Foods, Inc., together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats. It also supplies poultry breeding stock; sells allied products, such as hide and meats; and manufactures and markets frozen and refrigerated food products, including pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, flour and corn tortilla products, desserts, appetizers, snacks, prepared meals, ethnic foods, soups, sauces, side dishes, meat dishes, breadsticks, and processed meats. Tyson Foods, Inc. offers its products primarily under the Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Van’s, Sara Lee, Chef Pierre, Ball Park, Wright, Aidells, State Fair, Gallo Salame, and Golden Island brands. The company sells its products through its sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors, live markets, international export companies, and domestic distributors, as well as through independent brokers and trading companies. Tyson Foods, Inc. was founded in 1935 and is headquartered in Springdale, Arkansas.
SM Energy Company (SM) saw its value decrease by -2.54% as the stock dropped $-0.99 to finish the day at a closing price of $37.91. The stock was higher in trading and has fluctuated between $6.99-$43.09 per share for the past year. The shares, which traded within a range of $37.87 to $40.04 during the day, are down by -2.77% in the past three months and up by 9.42% over the past six months. It is currently trading 10% above its 20 day moving average and 4.66% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $47.73 a share over the next twelve months. The current relative strength index (RSI) reading is 55.32. The technical indicator lead us to believe there will be no major movement any time soon, hold.
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the South Texas and Gulf Coast region, which focuses primarily on Eagle Ford shale program; Rocky Mountain region comprising the Bakken and Three Forks formations in the North Dakota; and Permian region covering western Texas and southeastern New Mexico. As of December 31, 2015, the company had 471.3 million barrels of oil equivalent of estimated proved reserves; and working interests in 872 net productive oil wells and 653 net productive gas wells. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.