Momentum Stocks – Apple Inc. (NASDAQ:AAPL) , Lorillard (NYSE:LO) , Icahn Enterprises (NASDAQ:IEP) , Brasilagro Cia Brasileira (NYSE:LND) , Cloud Peak (NYSE:CLD)

Technology Stocks News 2

Apple Inc. (NASDAQ:AAPL) shipped 13.2 million iPads in the June quarter, 8 per cent fewer than a year earlier and lagging Wall Street’s forecast for 14 million or more. Sales of the device, which accounted for 15 per cent of revenue, fell short of Wall Street’s expectations for the second quarter in a row. Apple Inc. (NASDAQ:AAPL) stock performance was 0.83% in last session and finished the day at $94.72. Traded volume was 55.20million shares in the last session and the average volume of the stock remained 64.31million shares. The beta of the stock remained 0.94. Apple Inc. (NASDAQ:AAPL) insider ownership is 0.04%.

A federal judge has ruled in favor of two tobacco companies that challenged a 2011 U.S. Food and Drug Administration committee report on menthol cigarettes, finding that three of the panel’s members had conflicts of interests. Lorillard Inc. (NYSE:LO) and R.J. Reynolds Tobacco Company filed the lawsuit (Lorillard Inc. (NYSE:LO) et al v. United States Food And Drug Administration et al) in 2011, alleging that three of the 12 members of the advisory panel had conflicts of interest which biased them against the tobacco industry. In his ruling, Leon cited the doctors’ work as consultants to the pharmaceutical industry regarding tobacco cessation products and their roles as paid expert witnesses in litigation against tobacco product manufacturers. Lorillard Inc. (NYSE:LO) rose 0.08 percent to $61.05 Tuesday on volume of 4.28million shares. The intra-day range of the stock was $60.93 to $61.60. Lorillard Inc. (NYSE:LO) has a market capitalization of $22.13billion.

When news first broke about the existence of a federal insider-trading probe into billionaire Carl Icahn, golfer Phil Mickelson and sports gambler William Walters, Icahn was quick to point out that he and Mickelson didn’t know each other. Now, it appears that there really isn’t any connection between Icahn and Mickelson. The New York Times reported on Wednesday night that Mickelson did not trade shares of Clorox in 2011.Initial reports about the insider-trading probe said that federal investigators were examining trading of Clorox by Mickelson and Walters around the time that Icahn Enterprises LP (NASDAQ:IEP) was launching a takeover effort of the company that ultimately failed. Icahn Enterprises LP (NASDAQ:IEP)’s stock on July 22, 2014 reported a decrease of -0.12% to the closing price of $103.21. Its fifty two weeks range is $71.70 -$149.77. The total market capitalization recorded $12.23billion. The overall volume in the last trading session was 88,456.00million shares. In its share capital, IEP has 118.48million outstanding shares.

On Tuesday, shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) advanced 0.92% to close the day at $4.38. Company monthly performance is recorded as 4.02%.  Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) quarterly revenue growth is 7.35%.

Research analysts at FBR Capital Markets cut their price objective on shares of Cloud Peak Energy (NYSE:CLD) from $26.00 to $25.00 in a report released on Wednesday. FBR Capital Markets’ price target indicates a potential upside of 55.57% from the company’s current price. Cloud Peak Energy Inc. (NYSE:CLD) stock performance was 0.32% in last session and finished the day at $15.88. Traded volume was 729,784.00million shares in the last session and the average volume of the stock remained 924.01K shares. The beta of the stock remained 1.16. Cloud Peak Energy Inc. (NYSE:CLD) insider ownership is 0.90%.

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