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Stocks to Keep Your Eyes on: Kinder Morgan Inc (KMI), Micron Technology, Inc. (MU), Pfizer Inc. (PFE)

The Fed meeting is expected to confirm that Chair Janet Yellen believes the world’s biggest economy is strong enough to cope with the first increase in borrowing costs since 2006. Still, investors are caught between optimism about U.S, growth and concern that a slowdown in China and the consequent tumble in commodities will damp global growth prospects. Oil’s slump since OPEC’s decision to effectively abandon its production target has unsettled global financial markets.

Kinder Morgan Inc (NYSE:KMI) was trading higher by 1.25% to $17.02. So far, around 10.28 million shares have changed hands in this session. After opening at $16.55, the stock hit as high as $17.20. However, it traded between $15.06 and $44.71 over the last twelve months. Kinder Morgan Inc (NYSE:KMI) on December 8, 2015 reported that its Board of Directors has approved a plan pursuant to which it expects to pay quarterly dividends of $.125 per share to its common stockholders ($.50 annually), down from its current quarterly level of $.51, beginning with the fourth quarter 2015 dividend payable in February 2016. This dividend enables the company to use a significant portion of its large cash flow to fund the equity portion of its expansion capital requirements, eliminate any need to access the equity market for the foreseeable future and maintain a solid investment grade credit rating. KMI anticipates enough retained internally generated cash flow to fund all of the required equity contribution projected for 2016 and a significant portion of its debt requirements. The company has reviewed its expected investments in 2017 and 2018 and believes that its stable and growing internally generated cash flow will allow it to continue to fund the equity portion of its capital budget without the need to access the equity market. It anticipates meeting all of the rating agencies’ requirements to remain investment grade, and expects a net debt/EBITDA ratio of 5.5 for 2016 and anticipates reducing that ratio in subsequent years.

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Micron Technology, Inc. (NASDAQ:MU) was at $14.41, showing a -0.12% decrease. Around 1.19 million shares have been traded, versus an-average trading volume of 18.52 million shares. Micron Technology, Inc. (NASDAQ:MU) provides semiconductor systems worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. The company offers DDR4 and DDR3 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; mobile low-power DRAM products for mobile phones, tablets, embedded, computers, and other mobile consumer device applications; DDR2 DRAM, DDR DRAM, GDDR5 DRAM.

Has MU Found The Bottom And Ready To Gain Momentum? Find Out Here

Pfizer Inc. (NYSE:PFE) shares decline today, losing -0.11 per cent to $32.38. Around 4.76 million shares changed hands so far in this session compared to an-average trading volume of 42.01 million shares. Pfizer Inc. (NYSE:PFE) a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. The company operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments.

Will PFE Get Buyers Even After The Recent Rally? Find Out Here

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