Which Is Better? California Resources Corp (CRC), Fulton Financial Corp (FULT) Or Dynegy Inc. (DYN)
New York, NY – GDP INSIDER – 04/23/2014.
This article discusses three companies: California Resources Corp (NYSE:CRC), Fulton Financial Corp (NASDAQ:FULT) and Dynegy Inc. (NYSE:DYN)
California Resources Corp (NYSE:CRC) fell back yesterday with the stock sliding 2.01% or $0.18 to close at $8.79 on light trading of 4.284 million shares, compared to its three month average trading volume of 7.97 million. The independent oil and gas exploration company has been performing well recently with the stock up 59.75% so far this year, even after yesterday’s decline. However, like most companies in the sector, its progress is being held back by the weakness in oil prices. The company is still suffering from a negative quarterly revenue growth of -2.60% year on year and with diluted EPS of -$3.75, the fundamentals are not strong, hold.
Fulton Financial Corp (NASDAQ:FULT), the multibank financial holding company, was downgraded by the analysts at Keefe, Bruyette & Woods from outperform to market perform, yesterday. Despite this, the stock continued to climb as it gained 1.71% or $0.21 to close the day at $12.50 on high trading volume of 1.818 million, compared to its three month average trading volume of 0.884 million. The RSI and MFI are 59.24 and 64.36, respectively. Both of these indicate that the stock is not overvalued at the current levels and the money is flowing in the right direction, making it a hold for now.
Dynegy Inc. (NYSE:DYN) continued to climb yesterday with the stock gaining 0.73% or $0.24 to close the day at $33.28 on fairly active trading volume of 2.018 million, compared to its three month average trading volume of 1.71 million. The power utility company has been performing well over the past 52 weeks with the stock up 26.68%, compared to the S&P 500 which has gained only 12.40% over the same period. With RSI of 66.12 the stock looks like it is reaching the top end of its value, but with one year price target estimate of $38.44, the stock has plenty of room to climb further.
About Ultimate Stock Alerts
UltimateStockAlerts.com covers NASDAQ and NYSE listed companies that are overlooked by Wall Street. Investors can choose to receive trading strategies via text message (SMS) or email. To receive free text message alerts text the word ULTIMATE to 555888 from your cell phone. For more information visit www.UltimateStockAlerts.com
Disclosure: UltimateStockAlerts.com is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.