3 Trending Stocks: Reliance Steel & Aluminum Co. (RS), Dollar Tree, Inc. (DLTR), Quanta Services, Inc. (PWR)

Reliance Steel & Aluminum Co. (RS) managed to rebound with the stock climbing 0.34% or $0.28 to close the day at $82.28 on light trading volume of 1.51M shares, compared to its three month average trading volume of 705.18K. The Los Angeles California 90071 based company has been outperforming the steel & iron group over the past 52 weeks, with the stock gaining 45.34%, compared to the industry which has advanced 5.07% over the same period. With RSI of 63.32, the stock should still continue to rise and get closer to its one year target estimate of $75.44, making it a hold for now.

Reliance Steel & Aluminum Co. operates as a metals service center company. The company provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. Its primary processing services comprise cutting, leveling, sawing, machining, and electro polishing. The company also fabricates and distributes structural steel components and parts; provides metal components and inventory management services; distributes alloy, carbon, and stainless steel bar and plate products; and steel and non-ferrous and aerospace metals, including aluminum, steel, titanium, nickel alloys, and aluminum bronze, offering full or cut to size materials Reliance Steel & Aluminum Co. serves general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, heavy, and auto industries. The company sells its products to original equipment manufacturers, small machine shops, and fabricators. It operates through a network of metals service centers in approximately 300 locations in 39 states in the United States, as well as in Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates, and the United Kingdom. The company was founded in 1939 and is headquartered in Los Angeles, California.

Dollar Tree, Inc. (DLTR) climbed 0.09% during last trading as the stock added $0.09 to finish the day at $95.45 with about 1.51M shares changing hands, compared to its three month average trading volume of 2.16M. The $22.65B market cap company, which fluctuated between $94.99 and $96.05 during the day, currently situated 58.27% above its 52 week low of $60.31 and -0.85% away from its one year high of $96.27. The RSI of 70.27 indicates the stock is overbought at the current levels, sell for now.

Dollar Tree, Inc. operates discount retail stores in the United States and Canada. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise, including toys, durable housewares, gifts, stationery products, party goods, greeting cards, softlines, and other items; and seasonal goods consisting of Valentine’s Day, Easter, Halloween, and Christmas merchandise. This segment operates under the Dollar Tree, Dollar Tree Canada, Deals, and Dollar Tree Deals brands, as well as 10 distribution centers in the United States and 2 in Canada, and a store support center in Chesapeake, Virginia. The Family Dollar segment offers consumable merchandise, including food, tobacco, health and beauty aids, household chemicals, paper products, hardware and automotive supplies, diapers, batteries, and pet food and supplies; home products, such as housewares, home décor, and giftware, as well as blankets, sheets, and towels; apparel and accessories merchandise, including clothing, fashion accessories, and shoes; and seasonal and electronics merchandise, such as Valentine’s Day, Easter, Halloween, and Christmas merchandise, as well as personal electronics consisting of pre-paid cellular phones and services, stationery and school supplies, and toys. This segment operates under the Family Dollar brand, 11 distribution centers, and a store support center in Matthews, North Carolina. As of January 30, 2016, the company operated 13,851 stores in 48 states and the District of Columbia, and 5 Canadian provinces. Dollar Tree, Inc. was founded in 1986 and is based in Chesapeake, Virginia.


Quanta Services, Inc. (PWR) saw its value increase by 0.35% as the stock gained $0.09 to finish the day at a closing price of $25.55. The stock was lighter in trading and has fluctuated between $16.77-$28.01 per share for the past year. The shares, which traded within a range of $25.1 to $25.61 during the day, are up by 11.57% in the past three months and up by 44.84% over the past six months. It is currently trading 6.79% above its 20 day moving average and 8.34% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $27.25 a share over the next twelve months. The current relative strength index (RSI) reading is 68.35. The technical indicator lead us to believe there will be no major movement any time soon, hold.

Quanta Services, Inc. provides specialty contracting services to the electric power, and oil and gas industries in North America and internationally. The company operates through two segments, Electric Power Infrastructure Services and Oil and Gas Infrastructure Services. The company’s Electric Power Infrastructure Services segment provides network solutions comprising design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities. It also provides emergency restoration services, including the repair of infrastructure. In addition, this segment designs, installs, and maintains renewable energy generation facilities comprising solar, wind, and various types of natural gas generation facilities, as well as related switchyards and transmission infrastructure to transport power; and commercial and industrial wiring. Further, it installs traffic networks; cable and control systems for light rail lines; and ancillary telecommunication infrastructure services. The company’s Oil and Gas Infrastructure Services segment provides network solutions to customers involved in the development and transportation of natural gas, oil, and other pipeline products. Its services include the design, installation, repair, and maintenance of pipeline transmission and distribution systems, gathering systems, production systems, and compressor and pump stations, as well as related trenching, directional boring, and automatic welding services. This segment also provides pipeline protection; integrity testing; rehabilitation and replacement; fabrication of pipeline support systems, and related structures and facilities; and infrastructure services for the offshore and inland water energy markets. In addition, it designs, installs, and maintains fueling systems, as well as water and sewer infrastructure. The company was founded in 1997 and is headquartered in Houston, Texas.

The author: Michel DEURINCK

Michel Deurinck, born in Brussels in 1950, started his career in the Belgian civil service, dedicating over 30 years to public service. Upon retirement, he pursued his passion for journalism. Transitioning into this new field, he quickly gained recognition for his insightful reporting on politics and culture. Deurinck's balanced and thoughtful approach to journalism has made him a respected figure in Belgian media.

Related posts

Leave a Comment