|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's Range||35.52 - 36.24|
|52 Week Range||30.72 - 43.66|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||22.63|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.12 (0.33%)|
|1y Target Est||47.45|
Suncor Energy, Marathon Petroleum, and Pioneer Natural Resources are among the oil stocks that analysts think can survive in an environment of “lower-for-longer” oil prices.
The market launched some pre-Independence Day fireworks of its own on Wednesday, rallying 0.77% in a light volume session that ended early. Still, the move to a new record high sets the stage for optimism headed into the final trading day of the week.Source: Allan Ajifo via Wikimedia (Modified)Symantec (NASDAQ:SYMC) was the ringleader for the rally, up more than 13% following news that Broadcom (NASDAQ:AVGO) would be acquiring it at a fairly generous premium. Broadcom, conversely, sank on worries that it was buying another troubled software business.At the other end of the spectrum, Electronic Arts (NASDAQ:EA) stumbled 4.5% mostly in response to a commentary from MarkWatch columnist Jurica Dujmovic suggesting that PC gaming was shrinking market. Although EA publishes more than computer games, it's a significant piece of its revenue mix.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks That Should Be Every Young Investor's First Choice As for today's top trading prospects, take a look at the stock charts of Citizens Financial Group (NYSE:CFG), NRG Energy (NYSE:NRG) and M&T Bank (NYSE:MTB). Here's why, and what needs to happen next. M&T Bank (MTB)Most bank stocks have been rising lately, shrugging off weakness from late last year and early this year spurred by concerns of falling interest rates, and an outright economic slowdown. M&T Bank hasn't been an exception to this norm.MTB has hammered out a turnaround effort that's much more technically sound than those efforts from other banking names, however. Better still, that move has technically solidified in just the past few days, setting the stage for more forward progress. Click to Enlarge * M&T has crossed above all of its key moving average lines, but more importantly, the purple 50-day moving average line is now above and pulling away from the white 200-day moving average. * Zooming out to the weekly chart we can also see MTB shares have pushed their way above the falling resistance line that had been guiding it lower since early last year. * Although it has been choppy and should remain so in the foreseeable future, the higher lows made since March is the first string of higher lows made in over a year. Citizens Financial Group (CFG)In the same vein as M&T Bank, and for the same reason, Citizens Financial Group shares have just wiggled their way out of a rut and almost back into an uptrend. In this case, however, there's one last clear technical hurdle to get past before the advance has an unfettered path higher. * 7 Retail Stocks to Buy That Are Down in 2019 Click to Enlarge * That resistance level is plotted in purple on the daily chart, connecting all the peak highs since February. * Although not quite yet, the purple 50-day line is about to cross above the 200-day moving average line plotted in white on both stock charts. Once that happens we'll have a key "golden cross" fanning the bullish flames. * That being said, Citizens Financial Group have already fought their way back above a key ceiling for a third time. That's the 38.2% Fibonacci retracement line at $35.44. That puts the next key ceiling somewhere around $40.50. NRG Energy (NRG)Two months ago, NRG Energy shares were in serious trouble. Not only had they broken below the pivotal 200-day moving average line, they fell below a long-standing and rising support line that had been guiding NRG stock upward since 2017.Shares proceeded a little lower following the bearish catalyst, and may still be destined for a renewal of that downtrend. But, a chart pattern that took shape last week has major bullish implications that could easily lead to a full-blown recovery. Click to Enlarge * The pattern in question is highlighted on the daily chart. A sizeable setback followed by a hammer-shaped bar near the previous day's low followed by a tall bullish bar. Called a morning doji star, it suggests a transition from a net-bearish to a net-bullish environment. * Bolstering the potential bullishness is the weekly chart's RSI indicator. It slipped into oversold territory for the first time in months in May. * The follow-through has been respectable so far, though not perfect. The purple 50-day average could still act as resistance.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Should Be Every Young Investor's First Choice * 5 IPO Stocks to Buy -- According to Wall Street Analysts * The Top 10 Best Sectors in the Market for 2019 The post 3 Big Stock Charts for Friday: M&T Bank, NRG Energy and Citizens Financial Group appeared first on InvestorPlace.
The unusual rally in utility stocks has pushed them to record valuation multiples this year. On average, they're currently trading at 19 times their forward earnings!
The Utilities Select Sector SPDR ETF (XLU) has continued to trade close to its peak recently. It closed at $59.63 at last week, almost 1% and 6% above its 50-day and 200-day simple moving averages.…
Many top utility stocks are offering flattish potential upside due to the recent rally, based on analysts’ estimates.
Utility stocks fell, while the benchmark Treasury yields rose on June 26. The Utilities Select Sector SPDR ETF (XLU), the representative of top utility stocks in the country, fell 2.2%.
Currently, many utility stocks are trading at multiyear highs. NRG Energy stock (NRG) has fallen almost 20% from its 52-week high since its first-quarter results.
Utility stocks have shown an unusual run in 2019. The stocks have largely tracked broader markets. Including dividends, XLU has returned 25% over the past 12 months.
NRG Energy’s simplified business model and competitive retail segment should deliver significant free cash flow, analyst says.
Moody's Investors Service ("Moody's") assigned a B1 rating to Heritage Power, LLC's (Heritage or Project or Borrower) proposed $656.1 million senior secured credit facilities consisting of a $550 million 7-year term loan B, a $61.1 million 7-year term loan C and a $45 million 5-year revolving credit facility. The outlook is stable.
Analysts seem to be positive on NRG Energy (NRG) stock. The stock offers a handsome upside potential of more than 37% for the next 12 months. NRG Energy has a target price of $47.4.
While many utility stocks are trading close to their peaks, NRG Energy (NRG) stock has fallen more than 20% from its 52-week high since its first-quarter earnings. The stock might witness more weakness in the short term.
The funds have been struggling to outperform, and have been bleeding billions of dollars in assets, thanks to their value-stock tilt.
Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 12.1% in 2019 (through May 30th). Conversely, hedge […]
NRG Energy, Inc. (NRG) announced that on June 6, 2019 it completed the redemption of all of its outstanding 6.25% Senior Notes due 2024 (the “2024 Notes”) in the aggregate principal amount of $140,102,000. The redemption price for the redeemed 2024 Notes was an amount equal to 103.125% of the principal amount of the redeemed 2024 Notes, plus accrued and unpaid interest on such 2024 Notes to the date of redemption.
The Zacks Analyst Blog Highlights: NRG Energy, Middlesex Water, NexPoint Residential Trust, ONE Gas and Outfront Media
NRG Energy Inc. (NYSE: NRG), which has dual headquarters in Houston and New Jersey, will buy Dallas-based Stream Energy’s retail electricity and natural gas business for $300 million plus working capital. The all-cash deal will grow the company’s market share in Texas and other states. Stream serves more than 600,000 residential customer equivalents in nine states and Washington, D.C. A residential customer equivalent is an industry term for the typical yearly consumption by a single-family residential customer, with one RCE representing 1,000 therms of natural gas or 10,000 kWh of electricity, the release explains.
Eversource Energy's (ES) subsidiary NSTAR Electric Company issues $400 million Green Bonds to finance its green initiatives.