Between Guess? Inc (GES) and Huntington Bancshares Incorporated (HBAN), Which Is The Right Medium Term Selection?
New York, NY – GDP INSIDER – 03/20/2015.
This article discusses two companies: Guess? Inc (NYSE:GES) and Huntington Bancshares Incorporated (NASDAQ:HBAN)
Guess? Inc (NYSE:GES) the designer and distributor of cotemporary apparel and accessories had a strong days trading yesterday, with the stock climbing 16.01% or $2.68 to close at $19.42 on very heavy trading of 11.440 million shares. The stock had been trending downwards for the last three months from a high of $21.45 in the middle of December and rallied yesterday after Guess? Inc announced its fourth quarter and full year financial results. With earnings per share of $0.63 for the fourth quarter, the Los Angeles based company beat the market consensus estimates of $0.58, but fell short of the full year revenue estimate of $702 million by only achieving $696.7 million. However, Guess? Inc’s earnings are still 24.1% lower than the same quarter last year and the shares are down 8.14% for this year, underperforming the S&P 500 which is up 1.48% for the same period, making it a hold at best.
Huntington Bancshares Incorporated (NASDAQ:HBAN) fell back slightly yesterday after hitting a 52 week high of $11.30 on Wednesday to close down 0.58% or $0.06 at $11.10 with more than 8.434 million shares changing hands, compared to its three month average trading volume of 9.322 million. The multi-state regional bank holding company has been doing well and rallied strongly on Wednesday, when it announced that it was expanding its services in Michigan by opening 43 new full service branches across the state creating 250 new jobs. Huntington Bancshares Incorporated is also about to close a deal to purchase an Australian based financial services company Macquarie Equipment Finance giving it access to new markets. With the stock already up 4.2% so far this year, diverging MACD and RSI of 59.79, the stock is well positioned to keep making gains, making it a strong hold with a view to buy for the medium and long term.
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