Stocks to Keep Your Eyes on – Apple Inc. (NASDAQ:AAPL), Chevron Corporation (NYSE:CVX), Ross Stores, Inc. (NASDAQ:ROST), Akamai Technologies, Inc. (NASDAQ:AKAM)

Apple Inc. (NASDAQ:AAPL) opened at $148.82 on Monday. The firm has a market cap of $777.07 billion, a P/E ratio of 17.48 and a beta of 1.31. The stock’s 50 day moving average is $150.30 and its 200-day moving average is $137.42. Apple has a 1-year low of $96.42 and a 1-year high of $156.65.

UBS raised its price target on Amazon to $1,200 from $1,100 Monday, but also described a bullish scenario that could take the shares 60 percent higher from here and rival Apple in size in just 12 months.

UBS analyst Eric Sheridan noted that his $1,600 “upside” scenario is mainly based on Amazon growing North American and international sales by more than he and Wall Street anticipates.

“Such upside could be driven by: 1) better than predictable sales stemming from Prime subscriber growth; 2) success in new geographies and new product verticals within its eCommerce competency; 3) better than predictable overall retail sales; and/or 4) little to no long-term headwinds stemming from hardware/software/service sales from competitors such as Apple and Google,” Sheridan said in an shareholders note. (Source: CNBC)

Bank of America Corporation reiterated their buy rating on shares of Apple Inc. (AAPL) in a report released on Wednesday morning. The brokerage presently has a $180.00 price target on the iPhone maker’s stock.

Chevron Corporation (NYSE:CVX) opened at $104.32 on Monday. The company has a market capitalization of $197.43 billion, a P/E ratio of 67.62 and a beta of 1.23. The firm has a 50-day moving average price of $105.41 and a 200 day moving average price of $109.94. Chevron Corporation has a 52-week low of $97.53 and a 52-week high of $119.00.

Exxon Mobil Corp. and Chevron Corp. had their recommendations cut at Wolfe Research as the outlook for oil prices deteriorates.

Exxon was lowered to the Underperform from peer perform, while Chevron was downgraded to peer perform from outperform, Wolfe analysts led by Paul Sankey said in separate reports Monday. Apache Corp., Hess Corp. and ConocoPhillips were also downgraded, with Occidental Petroleum Corp. the only outlier to get its rating raised among oil and gas producers.

Oil prices have languished below $50 a barrel in New York since May as rising U.S. production and stubbornly high stockpiles put into question the ability of the Organization of Petroleum Exporting Countries and its allies to bring the market back to balance. The price of West Texas Intermediate crude, the U.S. benchmark, is down 14 percent for the year and less than half its value three years ago.

“Companies fail to recognize their competitive position is not improving,” the analysts said in one of the notes. “If everyone thinks they will succeed with growth, the market will inexorably force rationalization.” (Source: Bloomberg)

Chevron Corporation (NYSE:CVX) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday, June 23rd.

Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at 54.73 on Tuesday. The firm’s 50-day moving average price is $61.07 and its 200-day moving average price is $64.95. The firm has a market capitalization of $21.30 billion, a PE ratio of 18.75 and a beta of 1.12. Ross Stores, Inc. has a 52-week low of $53.89 and a 52-week high of $69.81.

Ross Stores declares the recent opening of 21 Ross Dress for Less® (“Ross”) and seven dd’s DISCOUNTS® stores across 15 different states in June and July. These new locations are part of the Company’s plans to add about 70 Ross and 20 dd’s locations in 2017.

“With this opening group, we continued to expand Ross and dd’s in both new and existing markets. Ross grew in its newest market – the Midwest – in addition to existing markets, counting California, Texas, and Florida. And in June, dd’s opened its 200th location and expanded into its newest state of Pennsylvania,” said Jim Fassio, President and Chief Development Officer. “Looking ahead, we remain confident in our expansion plans and continue to see plenty of opportunity to grow across all of our markets. We continue to believe that over the long-term, Ross can grow to 2,000 locations and dd’s can become a chain of 500 stores.”

New York State Teachers Retirement System reduced its position in Ross Stores, Inc. (NASDAQ:ROST) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional shareholder owned 658,945 shares of the apparel retailer’s stock after selling 12,153 shares during the period. New York State Teachers Retirement System owned about 0.17% of Ross Stores worth $43,405,000 at the end of the most recent reporting period.

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) ended its last trade with 2.27% gain, and closed at $51.77. The stock, after recent close, is 4.97% above their SMA 50 and 3.52% from SMA20 and is -13.85% below than SMA200. 88.40% shares of the company were owned by institutional investors. The company has 3.72 value in price to sale ratio while price to book ratio was recorded as 2.75. It beta stands at 0.67.

 

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