Stocks in Focus : Wells Fargo & Company (NYSE:WFC), Morgan Stanley (NYSE:MS), Kingtone Wirelessinfo Solution Holding Ltd. (NASDAQ:KONE), Cree, Inc. (NASDAQ:CREE), NCI Building Systems Inc. (NYSE:NCS)

Technology Stocks News 17

Wells Fargo & Co (NYSE:WFC) has for the first time decided to expand the use of ETFs and Bond Funds to create some good quality portfolios. As per the information made available by the company, it used to invest into individual securities including bonds in order to generate significant returns under Compass Advisory Program’s fixed income accounts. The market has started offering more challenges and options now; hence, the company has introduced ETFs as well. Now the investment managers will be able to invest various mutual funds and exchange traded funds. It will not only generate various opportunities to earn extra cash, but also provide flexibility, easy trading and extra liquidity. Wells Fargo & Company (NYSE:WFC)’s stock on 15 September traded at beginning with a price of $51.73 and when day-trade ended the stock finally advanced 0.46% to end at $51.94. Wells Fargo & Company (NYSE:WFC)’s showed weekly performance of 0.91%.

Stanley (NYSE:MS) one of Wall Street’s biggest bulls on the electric-car maker–echoed Mr. Musk’s cautious take. “We believe the shares are worth $320, but perhaps not so quickly and not for some of the reasons we believe are driving the market,” Morgan Stanley analyst Adam Jonas wrote in a note to clients. He added that he doesn’t foresee the stock appreciating “so consistently and one-directionally from here.”Morgan Stanley (NYSE:MS) on Monday closed at $35.21. Stock institutional ownership is 61.90% while insider ownership includes 0.20%. Morgan Stanley (NYSE:MS) distance from 50-day simple moving average (SMA50) is 7.02%.

Kingtone Wirelessinfo Solution Holding Ltd. (NASDAQ:KONE)’s shares on Monday traded in the range of 4.15 – 4.15and ended up on $4.15. Kingtone Wirelessinfo Solution Holding Ltd. (NASDAQ:KONE) distance from 200-day simple moving average (SMA200) is -23.82%. KONE’s sales growth for past 5 years was 22.00% and its EPS growth for past 5 years was -41.00%.

Cowen and Company started coverage on shares of Cree (NASDAQ:CREE) in a research report sent to investors on Thursday. The firm issued a market perform rating and a $46.00 price target on the stock. Cree, Inc. (NASDAQ:CREE)’s stock on 15 September fell -3.69% to the closing price of $41.10. Its fifty two weeks range is $40.66 – 75.98. The total market capitalization recorded $4.902B. Cree, Inc. (NASDAQ:CREE) monthly performance is -8.10%.

NCI Building Systems (NYSE:NCS) stock had its “sector perform” rating reissued by investment analysts at RBC Capital in a note issued to investors on Friday. They currently have a $21.00 target price on the stock. RBC Capital’s target price indicates a potential upside of 5.05% from the stock’s previous close. NCI Building Systems Inc. (NYSE:NCS) on Monday closed at $19.71. Stock institutional ownership is 99.10% while insider ownership includes 0.50%. NCI Building Systems Inc. (NYSE:NCS) distance from 50-day simple moving average (SMA50) is 4.12%.

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