Which Way Are These Stocks Heading? Fastenal Company (FAST), General Growth Properties Inc (GGP) and Citizens Financial Group Inc (CFG)
New York, NY – GDP INSIDER – 04/14/2014.
This article discusses three companies: Fastenal Company (NASDAQ:FAST), General Growth Properties Inc (NYSE:GGP) and Citizens Financial Group Inc (NYSE:CFG)
Fastenal Company (NASDAQ:FAST) climbed 0.02% as the stock gained one cent to finish the day at a closing price of $40.02 with more than 4.51 million shares changing hands compared to its 30 day average trading volume of 3.77 million, following the announcement of a cash dividend payment of $0.28 per share to be paid on May 26, 2015 payable to shareholders of record on April 28th. With quarterly revenue growth of 13.80% and RSI now declining, the stock is starting to look undervalued and may be worth a speculative buy, but is a hold for now.
General Growth Properties Inc (NYSE:GGP) reversed its recent downward trend yesterday with the climbing 0.87% or $0.25 to close the day at $28.89 on lower than average trading volume of 5.06 million, compared to its 30 day average trading volume of 5.06 million. The $25.51 billion market company, which oscillated between $28.62 and $29.11 after opening the day at $28.67 yesterday, is currently situated above its 52 week high of $21.65 and 8.86% below its 52 week high o f $31.70. With strong quarterly earnings growth of 100%, an EPS of $0.39 and one year price target estimate of $32.97, there is still plenty of upside potential in the stock making it a good hold and potential medium to long term buy.
Citizens Financial Group Inc (NYSE:CFG) continued to climb yesterday with the stock hitting $25.46 during the day, close to its 52 week high of $25.84 before falling back slightly to close up 1.35% or $0.34 at $25.45 with more than 4.46 million shares changing hands, compared to its 30 day average trading volume of 3.09 million. The retail bank holding company has been enjoying solid growth so far this year, with the stock up 2.79% YTD and 14.18% over the last six months. The RSI and MFI are 61.48 and 41.18, respectively. Both of these indicate the bullish move could continue, and the technical are not yet indicating any near term reversal, making it a hold.
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