Momentum Stocks – Goldman Sachs (NYSE:GS) , Tel-Instrument Electronics Corp. (NYSEMKT:TIK) , Marsh & McLennan Companies, (NYSE:MMC) , Simpson Manufacturing Co, Inc. (NYSE:SSD)

Technology Stocks News 18

Data signaling strength in the world’s largest economy prompted Goldman Sachs Group Inc. (NYSE:GS) to push forward its forecast for when Fed will raise interest rates to the third quarter of next year rather than the first three months of 2016. Goldman Sachs Group Inc (NYSE:GS) stock performance was 1.33% in last session and finished the day at $167.00. Traded volume was 3.01million shares in the last session and the average volume of the stock remained 2.53million shares. The beta of the stock remained 1.62. Goldman Sachs Group Inc (NYSE:GS) insider ownership is 1.50%.

Tel-Instrument Electronics Corp (NYSEMKT:TIK) announced results for its fourth quarter and fiscal year ended March 31, 2014. The Company reported a 102% increase in annual revenues to $15,828,291 for the year ended March 31, 2014, and net income before taxes of $704,373. For the quarter ended March 31, 2014, the Company reported an increase in sales to $4,504,706 and net income before taxes of $956,709. For the year ended March 31, 2014, operating income increased to $1,363,902 and net income increased to $261,528. Tel-Instrument Electronics Corp. (NYSEMKT:TIK) dropped -1.16 percent to $5.11 Monday on volume of  1,150.00million shares. The intra-day range of the stock was $5.06 to $5.32. Tel-Instrument Electronics Corp. (NYSEMKT:TIK) has a market capitalization of $16.61million.

The insurance brokerage arm of Marsh & McLennan Inc. (NYSE:MMC) Companies estimates that the US cyber insurance market was worth $1 billion (€0.73bn) last year in gross written premiums, and could reach as much as $2 billion (€1.4bn) this year. The European market is currently a fraction of that, at around $150 million (€110mn), but is growing by 50 to 100% annually, according to Marsh. Marsh & McLennan Companies, Inc. (NYSE:MMC)’s stock on July 14, 2014 reported a increase of 0.21% to the closing price of $52.32. Its fifty two weeks range is $40.94 -$52.66. The total market capitalization recorded $28.74billion. The overall volume in the last trading session was 2.00million shares. In its share capital, MMC has 549.37million outstanding shares.

Simpson Manufacturing Co, Inc. (NYSE:SSD) sport a Zacks Rank #1 (Strong Buy), Quanex Building Products and United Rentals carry a Zacks Rank #2 (Buy). On Monday, shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) advanced 0.15% to close the day at $34.32. Company return on investment (ROI) is 6.00% and its monthly performance is recorded as -0.55%. Simpson Manufacturing Co, Inc. (NYSE:SSD) quarterly revenue growth is 5.80%.

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