Momentum Stocks : International Business Machines Corporation (NYSE:IBM), Ericsson (NASDAQ:ERIC), Hawaiian Holdings Inc. (NASDAQ:HA), PBF Energy Inc. (NYSE:PBF), Pfizer Inc. (NYSE:PFE)

Technology Stocks News 19

On Oct 20, International Business Machines Corporation (NYSE:IBM) announced that it would back away from a plan to deliver $20 earnings per share by next year, abandoning the Roadmap 2015 pledge made by former CEO Sam Palmisano in 2010. International Business Machines Corporation (NYSE:IBM) belongs to Technology sector. Its net profit margin is 15.70% and weekly performance is -10.97%. On last trading day company shares ended up $162.08. International Business Machines Corporation (NYSE:IBM) distance from 50-day simple moving average (SMA50) is -13.55%.

Ericsson (NASDAQ:ERIC)’s revenue grew more than expected in the third quarter, but uncertainty about North American operators’ mobile network spending threw a wet blanket over the Swedish company’s earnings. Revenue for the mobile network company was 57.6 billion Swedish kronor ($7.94 billion) in the quarter, up 9% from a year ago, as Ericsson’s main networks unit saw high mobile broadband demand in places such as China, Russia and the Middle East. It also saw increased sales in India, where Ericsson’s Chief Executive Hans Vestberg said “the investment climate continues to improve.” Ericsson (NASDAQ:ERIC) shares moved down -2.88% in last trading session and ended the day at $11.47. ERIC Gross Margin is 35.50% and its return on assets is 4.90%. Ericsson (NASDAQ:ERIC) quarterly performance is -10.04%.

On Oct 21, Hawaiian Holdings Inc. (NASDAQ:HA), parent company of Hawaiian Airlines, reported a third quarter profit of $35.6 million, or 56 cents per diluted share, compared to a profit of $40.6 million, or 76 cents per diluted share, for the same quarter in 2013.On 24 October, Hawaiian Holdings Inc. (NASDAQ:HA) shares moved up 2.85% and was closed at $16.23. HA EPS growth in last 5 year was 11.40%. Hawaiian Holdings Inc. (NASDAQ:HA) year to date (YTD) performance is 68.54%.

PBF Energy (NYSE:PBF) was downgraded by Barclays from an “equal weight” rating to an “underweight” rating in a research note issued on Monday. They currently have a $30.00 target price on the stock. Barclays’ price target suggests a potential upside of 32.98% from the company’s current price. PBF Energy Inc. (NYSE:PBF) ended the last trading day at $24.16. Company weekly volatility is calculated as 4.51% and price to cash ratio as 7.38. PBF Energy Inc. (NYSE:PBF) showed a weekly performance of 5.04%.

Pfizer Inc. (NYSE:PFE) has authorized a new $11 billion share buyback program to its existing share repurchase program. There was $1.3 billion remaining in an earlier announced $5 billion repurchase program, the company, which has a market share of $181 billion, said in a news release. Pfizer said the new program would be completed “over time.” Pfizer Inc. (NYSE:PFE) belongs to Healthcare sector. Its net profit margin is 59.30% and weekly performance is 4.60%. On last trading day company shares ended up $29.11. Pfizer Inc. (NYSE:PFE) distance from 50-day simple moving average (SMA50) is -0.34%.

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