Stocks with Momentum: Cliffs Natural Resources Inc. (NYSE:CLF), First Horizon National Corporation (NYSE:FHN), The Bank of New York Mellon Corporation (NYSE:BK)

Cliffs Natural Resources Inc. (NYSE:CLF) reported on Friday that it anticipates to posts a non-cash impairment of its long-lived assets of around $6B, after tax, for its seaborne iron ore and coal assets in the third quarter. The impairment is primarily because of the group's revised views for long-term pricing trends and the particularly adverse market conditions for seaborne iron ore and metallurgical coal, in contrast to its more stable U.S. iron ore business. Cliffs Natural Resources Inc. (NYSE:CLF) stock has highest price of $9.34 in last session, beginning with a price of $9.00 and reported a lose of -8.00% to the closed at $8.74 with a day range of $8.55-$9.34. The stock is going forward its 52-week low with 24.86% and moving down from its 52 week high price with -69.19%.First Horizon National Corporation (NYSE:FHN) inched up in last trading session after it declared its third-quarter net income available to common shareholders of $45.3M or $0.19 a share, compared to net loss of $107.5M or $0.45 a share a year before. On average, 18 analysts polled by Thomson Reuters expected the company to report earnings per share of $0.17 for the quarter. Shares of First Horizon National Corporation (NYSE:FHN) traded at $11.47 by surging 0.61% with price volatility of 2.84% for a week and 2.20% for a month. Its beta stands at 1.61 times.The Bank of New York Mellon Corporation (NYSE:BK) or BNY Mellon released that its third quarter net income applicable to common shareholders surged to $1.07B or $0.93 a share, from $962M or $0.82 per share in the third quarter of 2013. The Bank of New York Mellon Corporation (NYSE:BK) stock hit highest price at $36.71, beginning with a price of $36.55 and reported a gain of 0.55% to the closed at $36.36 with a day range of $35.83-$36.71. The total market capitalization remained 41.145 Billion, total volume of 6.93 Million shares held in the session was surprisingly higher than its average volume of 5663.29 shares.