x min read

Momentum Stocks: International Business Machines Corporation (NYSE:IBM), Nokia Corporation (ADR) (NYSE:NOK), Patrick Industries Inc. (NASDAQ:PATK), Celldex Therapeutics (NASDAQ:CLDX)

Momentum Stocks: International Business Machines Corporation (NYSE:IBM), Nokia Corporation (ADR) (NYSE:NOK), Patrick Industries Inc. (NASDAQ:PATK), Celldex Therapeutics (NASDAQ:CLDX)
Written by
Brian Browning
Published on
October 24, 2014
Copy URL
Share on LinkedIn
Share on Reddit
Share on Twitter/X
Share on Facebook
InsidrFinancial

International Business Machines Corporation (NYSE:IBM) sees boosting profit margins as more important than sales growth, Chief Executive Officer Ginni Rometty said today, holding firm to her strategy after a disappointing quarter sent shares tumbling. International Business Machines Corporation (NYSE:IBM) in last trading activity increased 0.24% to close at $162.18. Company weekly performance is -9.82% while its quarterly performance stands at -16.08%. International Business Machines Corporation (NYSE:IBM) is -17.63% away from its 52 week high.Nokia Corporation (ADR) (NYSE:NOK) delivered quarterly profits well above expectations on Thursday, six months after selling its struggling handset business to Microsoft (MSFT.O) in a 5.6 billion euros ($7.1 billion) deal that transformed it into a pure play network equipment maker. On last trading day Nokia Corporation (ADR) (NYSE:NOK) increased 5.93% to close at $8.40. Its volatility for the week is 2.45% while volatility for the month is 2.41%. NOK's sales growth for past 5 years was -24.20% and its EPS growth for past 5 years was -46.10%. Nokia Corporation (ADR) (NYSE:NOK) monthly performance is -3.00%.On Oct. 16, Patrick Industries Inc. (NASDAQ:PATK), announced that it expects to release its third quarter 2014 financial results before the market opens on Thursday, October 30, 2014. On last trading day Patrick Industries Inc. (NASDAQ:PATK) increased 2.35% to close at $40.49. Its volatility for the week is 3.55% while volatility for the month is 4.65%. PATK's sales growth for past 5 years was 12.80% and its EPS growth for past 5 years was 17.80%. Patrick Industries Inc. (NASDAQ:PATK) monthly performance is -1.53%.Equities researchers at Cowen and Company assumed coverage on shares of Celldex Therapeutics (NASDAQ:CLDX) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock. Celldex Therapeutics, Inc. (NASDAQ:CLDX) has 0.20% insider ownership while its institutional ownership stands at 90.90%. In last trading activity company's stock closed at $15.41.Providence Service Corp. (NASDAQ:PRSC), announced that it has completed the acquisition of CCHN Group Holdings, Inc. ("Matrix Medical Network" or "Matrix"), a Scottsdale, Arizona provider of in-home health assessment and care management services and a portfolio company of Welsh, Carson, Anderson & Stowe XI, L.P. ("Welsh Carson"), effective October 23, 2014. The companies had announced the signing of an acquisition agreement on September 18, 2014. On Thursday shares of Providence Service Corp. (NASDAQ:PRSC) closed at $40.74. Company's sales growth for last 5 years was 10.20% and EPS growth for next 5 years is recorded as 15.00%.

Discover Hidden Gems

Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.