Investors Eye Top Picks: Schlumberger Limited (SLB), U.S. Bancorp (USB)

The first technical resistance point for Schlumberger Limited (NYSE:SLB) will likely come at $42.91, marking a 1.37% premium to the current level. The second resistance point is at $43.5, about 2.71% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $41.28, the lower end of the range. SLB’s 14-day MACD is -2.07 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 22.32, which shows that its stock has been oversold. The 20-day historical volatility for the stock stands at 31.65 percent, which is high when compared to that of the 50-day’s 28.08 percent.

Schlumberger Limited (SLB) trade volume has increased by 116.58% as around 23,443,895 shares were sold when compared with its 50-day average volume of traded shares which is 10,824,434. At the moment, SLB is witnessing a downtrend, as it is trading -11.57% below its 20-day SMA, -21.53% below its 50-day SMA, and -33.25% below its 200-day SMA. The company runs an ROE of roughly -1.8%, with financial analysts predicting that their earnings per share growth will be around 28.57% per annum for the next five year. This will be compared to the -17.7% decrease witnessed over the past five years.

The last few days have been rough for Schlumberger Limited (NYSE:SLB), as its price has decreased by -8.81% during the week. It has also performed poorly over the past three months, as it lost around -29.71% while it has so far retreated around -33.3% during the course of a year. The price of the stock went down by -$1.8 now trading at $42.32. Their shares witnessed a -3.86% increase from the 52-week low price of $44.02 they recorded on 2018-12-06. Even though it is still -89.86% behind the $80.35 high touched on 2018-01-23. The stock of SLB recorded -37.2% downtrend from the beginning of this year till date. The 12-month potential price target for Schlumberger Limited is set at $70.29. This target means that the stock has an upside potential to increase by 66.09% from the current trading price.

When giving their opinion, around 61.76% of Wall Street analysts, which represents 21 out of 34 rated the stock as a Buy. 12 brokerage firms of the remaining 35.29% rated the stock as a Hold with 1 analyst rating it as a sell. Overall, the number of aggregate SLB shares held by institutional investors represents 80.3% of total shares. 94 institutions entered new Schlumberger Limited (NYSE:SLB) positions, 731 added to their existing positions in these shares, 798 lowered their positions, and 116 exited their positions entirely.

The shares of U.S. Bancorp (NYSE:USB) has decreased by -0.49%, and now trading at $52.34 on the Wall Street in the intra-day deal, with their shares traded now around 13,474,331. This is a rise of 5,338,817 shares over the average 8,135,514 shares that were traded daily over the last three months. The stock that is trading at $52.34 went higher by 7.94% from its 52-week low of $48.49 that it attained back on 2018-05-29. The stock recorded a 52-week high of $58.5 nearly 312 days ago on 2018-01-29.

USB stock hasn’t performed well over the past 30 days, as it lost 0% while its price plunged by -2.31% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -3.59% over the last week. The stock’s 12-month potential target price is now at $58.13. This means that the stock price might likely increase by 11.06% from its current trading price.9 out of 25 Wall Street analysts which represents 36% rated the stock as a buy while the remaining 52 rated it as a hold, with 12 of analysts rating it as a sell.

U.S. Bancorp (NYSE:USB) has been utilizing an ROE that is roughly 15%, with stock analysts predicting that the company’s EPS for the next five years will go up by 6.81% per year, following the 0.9% raise that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -2.67% below its 20-day SMA, -1.1% below its 50-day SMA, and 0.14% above its 200-day SMA. In percentage terms, the aggregate U.S. Bancorp shares held by institutional investors is 77.6%. 88 institutions jumped in to acquire U.S. Bancorp (USB) fresh stake, 608 added to their current holdings in these shares, 649 lowered their positions, and 66 left no stake in the company.

The stock’s 9-day MACD is -0.61 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 35.07, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 18.92 percent, which is less when compared to that of the 50-day’s 19.87 percent. On the daily chart, we see that the stock could reach the first level of resistance at $52.8, sporting a 0.87% premium to the current level. The next resistance point is at $53.26, representing nearly 1.73% premium to the current market price of U.S. Bancorp (USB). On the other hand, failure to breach the immediate hurdles can drag it down to $50.72, the lower end of the range.