Trader Alert: Gigamon Inc. (GIMO), Verizon Communications Inc. (VZ), Twitter, Inc. (TWTR)

Gigamon Inc. (GIMO) retreated with the stock falling -28.72% or $-12.65 to close at $31.4 on light trading volume of 12.96M compared its three months average trading volume of 844.82K. The Santa Clara California 95054 based company operating under the Networking & Communication Devices industry has been trending up for the last 52 weeks, with the shares price now 41.19% up for the period and down by -31.06% so far this year. With price target of $60.14 and a 47.9% rebound from 52-week low, Gigamon Inc. has plenty of upside potential, making it a hold with a view buy.

Gigamon Inc. designs, develops, and sells products and services that provide customers with visibility and control of network traffic for enterprises and services providers in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers traffic visibility fabric solutions consisting of network traffic intelligence, such as controls for traffic selection, forwarding, manipulation, modification, de-duplication, SSL decryption, correlation, sampling, and generation of flow records. The company also provides Flow Mapping technology that identifies and directs incoming traffic to single or various tools based on user-defined rules that could be managed from a centralized management console; and GigaSMART platform, which offers a range of software applications to modify, manipulate, transform, filter, correlate, and sample network traffic. Its products include GigaVUE product family that provides end-user customers to design visibility fabric architectures optimized for a range of scale and performance requirements from monitoring in virtualized server environments, as well as to 1 gigabit appliances to multi-terabit chassis-based solutions. The company also offers ongoing technical support services with hardware and software products, including ongoing maintenance services for hardware and software, which enable the customers to receive ongoing software updates, bug fixes, and repairs; and replacement services for defective hardware. It sells its products directly through direct sales force and a network of channel partners. The company was founded in 2004 and is headquartered in Santa Clara, California.

Verizon Communications Inc. (VZ) dropped $-0.49 to close the day at a new closing price of $52.25, a -0.93% decrease in value from its previous closing price that moved the stock 24.5% above its 52 week low of $44.43. A total of 12.93M shares exchanged hands during the day compared with its three month average trading volume of 14.62M. The stock, which fluctuated between $52.21 and $52.83 during the day, currently situated -5.27% below its 52 week high. The stock is up by 1.93% in the past one month and up by 4.72% over the past three months. With a one year target estimate of $52.82 and RSI of 52.28, the stock still has upside potential, making it a hold for now.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

Twitter, Inc. (TWTR) shares were up in last trading by 0.88% to $17.11. It experienced lighter than average volume on day. The stock decreased in value by almost -1.5% over the past week and fell -8.94% in the past month. It is currently trading -4.94% below its 50 day moving average and -2.63% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -32.24% decrease in value from its one year high of $25.25. The RSI indicator value of 44.01, lead us to believe that it is a hold for now.

Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to create, distribute, and discover content; and Periscope and Vine, a mobile application that enables user to broadcast and watch video live. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends that enable its advertisers to promote their brands, products, and services; and subscription access to its data feed for data partners. In addition, the company offers a set of tools, public APIs, and embeddable widgets for developers to contribute their content to its platform; syndicate and distribute Twitter content across their properties; and enhance their Websites and applications with Twitter content. Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California.

 

Momentum Stocks in Focus: Fitbit, Inc. (FIT), Celsion Corporation (CLSN), Verizon Communications Inc. (VZ)

Fitbit, Inc. (FIT) continued its downward trend with the stock declining -0.94% or $-0.07 to close the day at $7.37 on active trading volume of 11.48M shares, compared to its three month average trading volume of 11.45M. The San Francisco California 94105 based company has been underperforming the scientific & technical instruments group over the past 52 weeks, with the stock losing -58.99%, compared to the industry which has advanced 40.15% over the same period. With RSI of 38.3, the stock should still continue to rise and get closer to its one year target estimate of $10.63, making it a hold for now.

Fitbit, Inc. provides wearable health and fitness tracking devices. It offers various products, including Fitbit Zip, an entry-level wireless tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; Fitbit Flex, a wristband-style tracker that tracks steps, distance, calories burned, active minutes, and sleep; and Fitbit Charge, an activity and sleep wristband, which tracks steps, distance, calories burned, active minutes, floors climbed, and sleep. The company also provides Fitbit Alta, a customizable wristband that offers call, text, and calendar notifications when paired with the user’s phone and SmartTrack automatic exercise recognition; and Fitbit Charge HR, a wireless heart rate and activity wristband. In addition, it offers Fitbit Blaze, a smart fitness watch that provides multi-sport functionality, tracks outdoor cycling activity, and provides run cues; Fitbit Surge, a fitness watch that features a GPS watch, heart rate tracker, activity tracker, and smartwatch; Aria, a Wi-Fi connected scale that tracks weight, body fat percentage, and body mass index; and Fitbit accessories that include bands and frames for Fitbit Blaze, bands for Fitbit Alta, colored bands for Fitbit Flex, colored clips for Fitbit One and Fitbit Zip, device charging cables, wireless sync dongles, band clasps, sleep bands, and Fitbit apparel. The company offers its products through consumer electronics and specialty retailers, e-Commerce retailers, sporting goods and outdoors retailers, and wireless carriers; and corporate wellness channels, as well as directly worldwide. The company was formerly known as Healthy Metrics Research, Inc. and changed its name to Fitbit, Inc. in October 2007. Fitbit, Inc. was founded in 2007 and is headquartered in San Francisco, California.

Celsion Corporation (CLSN) grew with the stock adding 30.77% or $0.12 to close at $0.51 on light trading volume of 11.48M compared its three months average trading volume of 448.91K. The Lawrenceville New Jersey 08648 based company operating under the Biotechnology industry has been trending down for the last 52 weeks, with the shares price now -60.47% down for the period and up by 67.82% so far this year. With price target of $3.33 and a 75.86% rebound from 52-week low, Celsion Corporation has plenty of upside potential, making it a hold with a view buy.

Celsion Corporation, an oncology drug development company, focuses on the development and commercialization of chemotherapeutic oncology drugs based on its proprietary heat-activated liposomal technology. The company’s lead product includes ThermoDox, a liposomal encapsulation of doxorubicin that is in Phase III clinical trials for primary liver cancer; and under Phase II clinical trials for recurrent chest wall breast cancer. It has a development, product supply, and commercialization agreement with Yakult Honsha Co. Ltd. for ThermoDox; and a commercial supply agreement with Zhejiang Hisun Pharmaceutical Co. Ltd. for the production of ThermoDox in mainland China, Hong Kong, and Macau. The company also has a collaboration with the Children’s Research Institute to conduct a clinical study of ThermoDox, a heat activated liposomal encapsulation of doxorubicin in combination with magnetic resonance-guided high intensity focused ultrasound to treat relapsed or refractory solid tumors in children and young adults. Celsion Corporation was founded in 1982 and is based in Lawrenceville, New Jersey.

Verizon Communications Inc. (VZ) managed to rebound with the stock climbing 0.36% or $0.19 to close the day at $52.74 on lower than average trading volume of 11.38M shares, compared to its three month average trading volume of 14.51M. The New York New York 10036 based company has been outperforming the telecom services – domestic companies by 5.965% for last three months and its recent gains have offset losses to -0.14% YTD, versus the telecom services – domestic industry which is down -0.45% for the same period. The RSI of 58.49 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

 

Stock’s Trend Analysis Report: Abbott Laboratories (ABT), Boston Scientific Corporation (BSX), Verizon Communications Inc. (VZ)

Abbott Laboratories (ABT) climbed 0.52% during last trading as the stock added $0.21 to finish the day at $40.93 with about 9.53M shares changing hands, compared to its three month average trading volume of 9.1M. The $70.29B market cap company, which fluctuated between $40.69 and $41.36 during the day, currently situated 16.57% above its 52 week low of $36 and -9.46% away from its one year high of $45.79. The RSI of 68.33 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

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.

Boston Scientific Corporation (BSX) gained $0.3 to close the day at a new closing price of $23.82, a 1.28% increase in value from its previous closing price that moved the stock 52.01% above its 52 week low of $15.67. A total of 9.49M shares exchanged hands during the day compared with its three month average trading volume of 8.81M. The stock, which fluctuated between $23.45 and $23.91 during the day, currently situated -3.91% below its 52 week high. The stock is up by 11.62% in the past one month and up by 2.89% over the past three months. With a one year target estimate of $27.55 and RSI of 78.16, the stock still has upside potential, making it a sell for now.

Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through three segments: Cardiovascular, Rhythm Management, and MedSurg. The company offers interventional cardiology products, including drug-eluting coronary stent systems used in the treatment of coronary artery disease; coronary technology products to treat atherosclerosis; intraluminal catheter-directed ultrasound imaging catheters and systems for use in coronary arteries and heart chambers, as well as peripheral vessels; and structural heart therapy systems. It also provides stents, balloon catheters, wires, peripheral embolization devices, and vena cava filters used to treat peripheral disease; and biliary stents, drainage catheters, and micro-puncture sets to treat, diagnose, and ease benign and malignant tumors. In addition, the company offers cardiac rhythm management devices, such as implantable cardioverter defibrillator systems to detect and treat abnormally fast heart rhythms; implantable cardiac resynchronization therapy pacemaker systems used to treat heart failure; and medical technologies to diagnose and treat rate and rhythm disorders of the heart comprising steerable radio frequency ablation catheters, intracardiac ultrasound catheters, diagnostic catheters, delivery sheaths, and other accessories. Further, it provides products to diagnose and treat diseases of the pulmonary and gastrointestinal conditions; devices to diagnose, treat, and ease pulmonary disease systems within the airway and lungs; products to treat urinary stone disease and benign prostatic hyperplasia; mid-urethral sling products, sling and graft materials, pelvic floor reconstruction kits, and suturing devices; and spinal cord stimulator systems. The company was founded in 1979 and is headquartered in Marlborough, Massachusetts.

Verizon Communications Inc. (VZ) had a active trading with around 9.46M shares changing hands compared to its three month average trading volume of 14.54M. The stock traded between $52.41 and $52.9 before closing at the price of $52.55 with -0.25% change on the day. The New York New York 10036 based company is currently trading 25.22% above its 52 week low of $43.79 and -4.72% below its 52 week high of $56.95. Both the RSI indicator and target price of 57.98 and $52.82 respectively, lead us to believe that it should be put on hold over the coming weeks.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

 

Momentum Stocks in Focus: Verizon Communications Inc. (VZ), Host Hotels & Resorts, Inc. (HST), Exxon Mobil Corporation (XOM)

Verizon Communications Inc. (VZ) managed to rebound with the stock climbing 0.42% or $0.22 to close the day at $52.68 on light trading volume of 11.05M shares, compared to its three month average trading volume of 14.51M. The New York New York 10036 based company has been outperforming the telecom services – domestic group over the past 52 weeks, with the stock gaining 24.5%, compared to the industry which has advanced 24.17% over the same period. With RSI of 58.5, the stock should still continue to rise and get closer to its one year target estimate of $52.77, making it a hold for now.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

Host Hotels & Resorts, Inc. (HST) retreated with the stock falling -0.88% or $-0.16 to close at $18.02 on active trading volume of 10.59M compared its three months average trading volume of 10.52M. The Bethesda Maryland 20817 based company operating under the REIT – Hotel/Motel industry has been trending up for the last 52 weeks, with the shares price now 41.02% up for the period and down by -4.35% so far this year. With price target of $17.79 and a 55.97% rebound from 52-week low, Host Hotels & Resorts, Inc. has plenty of upside potential, making it a hold with a view buy.

Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. It also invests in Canada, Mexico, Chile, the United Kingdom, Italy, Spain, and Poland. The firm primarily invests in luxury and upper upscale hotels. It was formerly known as Host Marriott Corporation. Host Hotels & Resorts, Inc. was founded in 1927 and is based in Bethesda, Maryland.

Exxon Mobil Corporation (XOM) failed to extend gains with the stock declining -0.54% or $-0.47 to close the day at $86.34 on lower than average trading volume of 10.39M shares, compared to its three month average trading volume of 10.69M. The Irving Texas 75039 based company has been outperforming the major integrated oil & gas companies by -0.1134% for last three months and its recent losses have pulled the stock down -4.34% YTD, versus the major integrated oil & gas industry which is up 1.43% for the same period. The RSI of 37.09 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. As of December 31, 2015, the company had approximately 35,909 gross and 30,114 net operated wells. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas.

 

Stock’s Trend Analysis Report: MGM Resorts International (MGM), Verizon Communications Inc. (VZ), Ascena Retail Group, Inc. (ASNA)

MGM Resorts International (MGM) climbed 1.58% during last trading as the stock added $0.46 to finish the day at $29.62 with about 11.88M shares changing hands, compared to its three month average trading volume of 7.02M. The $16.9B market cap company, which fluctuated between $28.72 and $29.92 during the day, currently situated 83.07% above its 52 week low of $16.18 and -3.27% away from its one year high of $30.62. The RSI of 56.81 indicates the stock is neither overvalued nor undervalued at the current levels, 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.

Verizon Communications Inc. (VZ) gained $0.08 to close the day at a new closing price of $52.76, a 0.15% increase in value from its previous closing price that moved the stock 25.72% above its 52 week low of $43.79. A total of 11.78M shares exchanged hands during the day compared with its three month average trading volume of 14.42M. The stock, which fluctuated between $52.02 and $53.16 during the day, currently situated -4.34% below its 52 week high. The stock is up by 4.29% in the past one month and up by 6.24% over the past three months. With a one year target estimate of $52.77 and RSI of 57.97, the stock still has upside potential, making it a hold for now.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

Ascena Retail Group, Inc. (ASNA) had a light trading with around 11.37M shares changing hands compared to its three month average trading volume of 4.6M. The stock traded between $5.07 and $5.83 before closing at the price of $5.41 with -9.98% change on the day. The Mahwah New Jersey 07430 based company is currently trading 15.6% above its 52 week low of $4.68 and -51.95% below its 52 week high of $11.26. Both the RSI indicator and target price of 31.73 and $7.7 respectively, lead us to believe that it should be put on hold over the coming weeks.

Ascena Retail Group, Inc., through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics, bedroom furnishings, and electronics; and wear-to-work, casual sportswear, footwear, and social occasion apparel. The company also offers casual clothing, career wear, dressy apparel, and active wear, as well as special occasion and classic apparel. Its principal brands comprise ANN TAYLOR, LOFT, ANN TAYLOR LOFT, LOU & GREY, JUSTICE, LANE BRYANT, LANE BRYANT OUTLET, CACIQUE, RIGHT FIT, MAURICES, DRESSBARN, CATHERINES, CATHERINES PLUS SIZES, MAGGIE BARNES, LIZ&ME, SERENADA, DRESSBAR, 6th & LANE, and MAURICES IN MOTION. As of July 30, 2016, the company operated approximately 4,900 stores. It also offers its products through its Websites, including anntaylor.com, LOFT.com, louandgrey.com, shopjustice.com, lanebryant.com, cacique.com, maurices.com, dressbarn.com, and catherines.com. The company was formerly known as Dress Barn, Inc. and changed its name to Ascena Retail Group, Inc. in January 2011. Ascena Retail Group, Inc. was founded in 1962 and is based in Mahwah, New Jersey.

 

Trader Alert: Intel Corporation (INTC), Zayo Group Holdings, Inc. (ZAYO), Verizon Communications Inc. (VZ)

Intel Corporation (INTC) retreated with the stock falling -0.16% or $-0.06 to close at $36.35 on light trading volume of 13.98M compared its three months average trading volume of 20.54M. The Santa Clara California 95054 based company operating under the Semiconductor – Broad Line industry has been trending up for the last 52 weeks, with the shares price now 13.51% up for the period and up by 0.22% so far this year. With price target of $39.89 and a 34.47% rebound from 52-week low, Intel Corporation has plenty of upside potential, making it a hold with a view buy.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Software and Services, and All Other segments. The company’s platforms are used in various computing applications comprising notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices, and manufacturing devices, as well as for retail, transportation, industrial, buildings, home use, and other market segments. It offers microprocessors that processes system data and controls other devices in the system; chipsets, which send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive or solid-state drive, and optical disc drives; and system-on-chip products that integrate its central processing units with other system components onto a single chip. The company also provides communication and connectivity offerings, such as baseband processors, radio frequency transceivers, and power management integrated circuits; and tablet, phone, and Internet of Things solutions, which include multimode 4G LTE modems, Bluetooth technology and GPS receivers, software solutions, and interoperability tests, as well as home gateway and set-top box components. In addition, it offers security solutions for computers, mobile devices, and networks, as well as software and services for technology integration; NAND flash memory products, which are used in solid-state drives; and custom foundry services, including custom silicon, packaging, and manufacturing test services. The company sells its products primarily to original equipment manufacturers, original design manufacturers, and industrial and communications equipment manufacturers in the computing and communications industries. Intel Corporation was founded in 1968 and is based in Santa Clara, California.

Zayo Group Holdings, Inc. (ZAYO) dropped $-2.07 to close the day at a new closing price of $30.38, a -6.38% decrease in value from its previous closing price that moved the stock 55.08% above its 52 week low of $19.59. A total of 13.95M shares exchanged hands during the day compared with its three month average trading volume of 3.1M. The stock, which fluctuated between $29.3 and $31.5 during the day, currently situated -14.78% below its 52 week high. The stock is down by -9.31% in the past one month and down by -2.03% over the past three months. With a one year target estimate of $35.86 and RSI of 31.21, the stock still has upside potential, making it a hold for now.

Zayo Group Holdings, Inc., through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada, and Other. The Dark Fiber Solutions segment provides dark fiber, and fiber-to-the-tower and small cell mobile infrastructure services for carriers and other communication service providers, Internet service providers, wireless service providers, media and content companies, large enterprises, and other companies. The Network Connectivity segment offers bandwidth infrastructure solutions comprising wavelength, Ethernet, Internet protocol, and SONET services through its metro, regional, and long-haul fiber networks for carriers, financial services companies, healthcare, government institutions, education institutions, and other enterprises. The Colocation and Cloud Infrastructure segment provides data center infrastructure solutions, including colocation, interconnection, cloud, hosting, and managed services to a range of enterprise, carrier, content, and cloud customers. The Zayo Canada segment offers dark fiber, network connectivity, cloud and colocation infrastructure, voice, unified communications, and managed security services for small and medium business customers. The Other segment provides network and technical resources to customers in designing, acquiring, and maintaining their networks. The company was founded in 2007 and is headquartered in Boulder, Colorado.

Verizon Communications Inc. (VZ) shares were up in last trading by 0.22% to $54.64. It experienced lighter than average volume on day. The stock increased in value by almost 2.25% over the past week and grew 9.83% in the past month. It is currently trading 9.07% above its 50 day moving average and 6.48% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -1.98% decrease in value from its one year high of $56.95. The RSI indicator value of 74.19, lead us to believe that it may reverse gains in the near term.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

 

Stocks Buzz: Verizon Communications Inc. (VZ), Whiting Petroleum Corporation (WLL), Citigroup Inc. (C)

Verizon Communications Inc. (VZ) failed to extend gains with the stock declining -0.11% or $-0.06 to close the day at $54.52 on active trading volume of 18.32M shares, compared to its three month average trading volume of 14.28M. The New York New York 10036 based company has been outperforming the telecom services – domestic group over the past 52 weeks, with the stock gaining 22.53%, compared to the industry which has advanced 24.12% over the same period. With RSI of 73.73, the stock should still continue to rise and get closer to its one year target estimate of $52.55, making it a hold for now.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

Whiting Petroleum Corporation (WLL) grew with the stock adding 3.64% or $0.46 to close at $13.1 on light trading volume of 17.73M compared its three months average trading volume of 21.31M. The Denver Colorado 80290 based company operating under the Oil & Gas Drilling & Exploration industry has been trending up for the last 52 weeks, with the shares price now 44.91% up for the period and up by 8.99% so far this year. With price target of $13.16 and a 291.04% rebound from 52-week low, Whiting Petroleum Corporation has plenty of upside potential, making it a hold with a view buy.

Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers. As of December 31, 2015, the company had total estimated proved reserves of 820.6 million barrels of oil equivalent; and interests in 3,177 net productive wells on approximately 593,900 net developed acres. Whiting Petroleum Corporation was founded in 1980 and is based in Denver, Colorado.

Citigroup Inc. (C) continued its upward trend with the stock climbing 1.35% or $0.82 to close the day at $61.41 on lower than average trading volume of 16.94M shares, compared to its three month average trading volume of 21.18M. The New York New York 10013 based company has been outperforming the money center banks companies by 28.8639% for last three months and its recent gains have pushed the stock slightly up 3.33% YTD, versus the money center banks industry which is up 4.39% for the same period. The RSI of 68.83 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. It operates through two segments, Citicorp and Citi Holdings. The Citicorp segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. This segment also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems. In addition, it offers wholesale banking products and services to corporate, institutional, public sector, and high-net-worth clients. Further, this segment provides fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance, and securities services. As of December 31, 2015, it operated 2,994 branches in 24 countries. The Citi Holdings segment provides consumer loans; portfolio of securities, loans, and other assets; and retail alternative investment and other services. Citigroup Inc. was founded in 1812 and is based in New York, New York.

 

Stocks in Review: Verizon Communications Inc. (VZ), Cisco Systems, Inc. (CSCO), Pfizer Inc. (PFE)

Verizon Communications Inc. (VZ) traded within a range of $53.73 to $54.67 after opening the day at $53.96. The company has seen its stock increase in value by 2.25% so far this year. The stock was up close to 2.25% on active volume in last trading session and closed at $54.58 per share. After the recent gain, the stock is currently holding -2.09% below its 52 week high of $56.95 and 28.68% above its 12-month low of $43.79. The shares are up by over 6.4% in the last three months, and the RSI indicator value of 74.44 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

Cisco Systems, Inc. (CSCO) managed to rebound with the stock climbing 1.06% or $0.32 to close the day at $30.54 on active trading volume of 22.29M shares, compared to its three month average trading volume of 21.77M. The San Jose California 95134 based company has been outperforming the networking & communication devices group over the past 52 weeks, with the stock gaining 18.73%, compared to the industry which has advanced 15.25% over the same period. With RSI of 54.09, the stock should still continue to rise and get closer to its one year target estimate of $33.11, making it a hold for now.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. It provides switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. The company also offers service provider video infrastructure, including set-top boxes, cable/telecommunications access products, and cable modems; and video software and solutions. In addition, it provides collaboration products comprising unified communications products, conferencing products, collaboration endpoints, and business messaging products; data center products, such as blade and rack servers, modular servers, fabric interconnects, software, and server access virtualization solutions; security products, including network and data center security, advanced threat protection, Web and email security, access and policy, unified threat management, and advisory, integration, and managed services; and other products, such as emerging technologies and other networking products. Further, the company offers wireless products consisting of wireless access points; network managed services; and standalone, switch-converged, and cloud managed solutions. Additionally, it provides technical support services and advanced services. The company serves businesses of various sizes, public institutions, governments, and communications service providers. Cisco Systems, Inc. sells its products directly, as well as through channel partners, such as systems integrators, service providers, other resellers, and distributors. The company was founded in 1984 and is headquartered in San Jose, California.

Pfizer Inc. (PFE) gained $0.52 to close the day at a new closing price of $33, a 1.6% increase in value from its previous closing price that moved the stock 20.03% above its 52 week low of $28.25. A total of 22.13M shares exchanged hands during the day compared with its three month average trading volume of 25.9M. The stock, which fluctuated between $32.59 and $33 during the day, currently situated -10.12% below its 52 week high. The stock is up by 4.9% in the past one month and down by -1.04% over the past three months. With a one year target estimate of $37.65 and RSI of 63.67, the stock still has upside potential, making it a hold for now.

Pfizer Inc. discovers, develops, manufactures, and sells healthcare products worldwide. The company operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments. The GIP segment develops and commercializes medicines for various therapeutic areas, including inflammation/immunology, cardiovascular/metabolic, neuroscience/pain, and rare diseases. The VOC segment develops and commercializes vaccines, as well as products for oncology and consumer healthcare. It provides over-the-counter products comprising dietary supplements under the Centrum, Caltrate, and Emergen-C brands; pain management products under the Advil and ThermaCare brands; gastrointestinal products under the Nexium 24HR/Nexium Control and Preparation H brands; and respiratory and personal care products under the brand names of Robitussin, Advil Cold & Sinus, Advil Sinus Congestion Relief & Pain, Dimetapp, and ChapStick. The GEP segment offers products that have lost marketing exclusivity in various markets; and branded generics, generic sterile injectable products, biosimilars, infusion systems, and other products. The company serves wholesalers, retailers, hospitals, clinics, government agencies, pharmacies, and individual provider offices, as well as centers for disease control and prevention. It has licensing agreements with Cellectis SA and AstraZeneca PLC; collaborative agreements with Eli Lilly & Company, OPKO Health, Inc., BioRap Technologies LTD., Merck KGaA, and Transgene S.A.; and a research and development agreement with the National Cancer Institute to conduct clinical trials to evaluate investigational immunotherapy agents. The company has a partnership with The University of Pittsburgh; and a strategic collaboration agreement with IGNITE Immunotherapy Inc. Pfizer Inc. was founded in 1849 and is headquartered in New York, New York.

 

Worth Watching Stocks: Cabot Oil & Gas Corporation (COG), Verizon Communications Inc. (VZ), Comcast Corporation (CMCSA)

Cabot Oil & Gas Corporation (COG) saw its value increase by 2.73% as the stock gained $0.62 to finish the day at a closing price of $23.36. The stock was higher in trading and has fluctuated between $14.88-$26.74 per share for the past year. The shares, which traded within a range of $22.72 to $23.5 during the day, are down by -9.37% in the past three months and down by -9.4% over the past six months. It is currently trading 1.85% above its 20 day moving average and 5.68% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $27.99 a share over the next twelve months. The current relative strength index (RSI) reading is 57.62.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Cabot Oil & Gas Corporation, an independent oil and gas company, develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the United States. The company primarily focuses on the Marcellus Shale in northeast Pennsylvania with approximately 200,000 net acres in the dry gas window of the play; and the Eagle Ford Shale in south Texas with approximately 85,500 net acres in the oil window of the play. It also transports, stores, gathers, and purchases natural gas for resale. The company sells its natural gas to industrial customers, local distribution companies, and gas marketers through gathering systems and pipelines, as well as to intrastate pipelines, natural gas processors, and marketing companies. As of December 31, 2015, it had proved reserves of approximately 8,190 billion cubic feet of natural gas equivalent. The company was founded in 1989 and is headquartered in Houston, Texas.

Verizon Communications Inc. (VZ) shares were down in last trading by -0.67% to $53.38. It experienced lighter than average volume on day. The stock decreased in value by almost -0.5% over the past week and grew 6.97% in the past month. It is currently trading 7.19% above its 50 day moving average and 4.1% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -4.24% decrease in value from its one year high of $56.95. The RSI indicator value of 66.68, lead us to believe that it is a hold for now.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

Comcast Corporation (CMCSA) traded within a range of $68.93 to $70.05 after opening the day at $69.95. The company has seen its stock increase in value by 24.5% so far this year. The stock was down close to -1.48% on light volume in last trading session and closed at $69.05 per share. After the recent fall, the stock is currently holding -3.18% below its 52 week high of $71.32 and 33.63% above its 12-month low of $52.34. The shares are up by over 4.52% in the last three months, and the RSI indicator value of 51.4 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand. This segment also provides business services, such as Ethernet network services; cellular backhaul services to mobile network operators; and advertising services on cable networks, as well as on other platforms, such as digital, radio, and print media. The Cable Networks segment operates national cable networks, which provide entertainment, news and information, and sports content; regional sports and news networks; international cable networks; and cable television studio production operations, as well as owns various digital media properties, which primarily include brand-aligned Websites. The Broadcast Television segment operates NBC and Telemundo broadcast networks, NBC and Telemundo owned local broadcast television stations, broadcast television studio production operations, and related digital media properties. The Filmed Entertainment segment produces, acquires, markets, and distributes live-action and animated filmed entertainment, principally under the Universal Pictures, Illumination, and Focus Features names. This segment also develops, produces, and licenses stage plays. The Theme Parks segment operates Universal theme parks in Orlando, Florida, as well as in Hollywood, California; Universal studios theme park in Osaka, Japan; Wet ‘n Wild, a water park in Orlando, Florida; and CityWalk, a dining, retail, and entertainment complex. The company also owns the Philadelphia Flyers, as well as the Wells Fargo Center arena in Philadelphia, Pennsylvania; and operates arena management-related businesses. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.

 

Investor’s Watch List: Morgan Stanley (MS), Verizon Communications Inc. (VZ), eBay Inc. (EBAY)

Morgan Stanley (MS) had a active trading with around 7.18M shares changing hands compared to its three month average trading volume of 12.37M. The stock traded between $41.73 and $42.77 before closing at the price of $42.15 with -1.1% change on the day. The New York New York 10036 based company is currently trading 102.87% above its 52 week low of $21.16 and -4.29% below its 52 week high of $44.04. Both the RSI indicator and target price of 56.28 and $42.02 respectively, lead us to believe that it should be put on hold over the coming weeks.

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company’s Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance. This segment also provides sales and trading services, such as sales, financing, and market-making services in equity securities and fixed income products, including foreign exchange and commodities, as well as prime brokerage services; and corporate lending services, credit products, and investments and research services. Its Wealth Management segment offers various financial services and solutions covering brokerage and investment advisory services, market-making services in fixed income securities, financial and wealth planning services, annuity and insurance products, credit and other lending products, and banking and retirement plan services to individual investors, small-to-medium sized businesses, and institutions. The company’s Investment Management segment provides various investment strategies and products comprising asset management, including equity, fixed income, liquidity, alternatives, and managed futures products. This segment is also involved in merchant banking and real estate investing businesses. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.

Verizon Communications Inc. (VZ) managed to rebound with the stock climbing 0.56% or $0.3 to close the day at $53.74 on active trading volume of 7.15M shares, compared to its three month average trading volume of 14.13M. The New York New York 10036 based company has been outperforming the telecom services – domestic group over the past 52 weeks, with the stock gaining 20.08%, compared to the industry which has advanced 21.95% over the same period. With RSI of 71.1, the stock should still continue to rise and get closer to its one year target estimate of $52.55, making it a hold for now.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

eBay Inc. (EBAY) shares were down in last trading by -0.1% to $29.98. It experienced lighter than average volume on day. The stock increased in value by almost 2.11% over the past week and grew 5.16% in the past month. It is currently trading 3.4% above its 50 day moving average and 8.2% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -9.67% decrease in value from its one year high of $33.19. The RSI indicator value of 59.6, lead us to believe that it is a hold for now.

eBay Inc. operates e-commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer inventory for sale; and buyers to find and buy it virtually anytime and anywhere. The company’s Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com and the StubHub mobile apps, which enable fans to purchase tickets to the games, concerts, and theater shows. Its Classifieds platforms include a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Classifieds, and others that offer online classifieds and help people find whatever they are looking for in their local communities. The company platforms enable users to find, buy, sell, and pay for items through various online, mobile, and offline channels, which include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks. eBay Inc. was founded in 1995 and is headquartered in San Jose, California.