Momentum Stocks: Merck & Co. Inc. (NYSE:MRK), Yelp, Inc. (NYSE:YELP), Kohl’s Corp. (NYSE:KSS), Turkcell Iletisim Hizmetleri AS (NYSE:TKC), Raytheon Company (NYSE:RTN)

Technology Stocks News 13

Merck & Co. Inc. (NYSE:MRK) chief executive officer Ken Frazier said Oct 28, that the drugmaker was on track to deliver the $2.5 billion in annual cost savings that he promised to Wall Street. “Last October, we launched a multiyear initiative to transform Merck and build a platform for sustained future growth,” Frazier said in a statement. “One year later, we delivered solid third-quarter results and are making steady progress in our transformation, including divesting noncore assets, reducing our expense base, and investing in our promising new product launches and pipeline.” Merck & Co. Inc. (NYSE:MRK) belongs to Healthcare sector. Its net profit margin is 12.50% and weekly performance is 6.30%. On last trading day company shares ended up $59.37. Merck & Co. Inc. (NYSE:MRK) distance from 50-day simple moving average (SMA50) is 1.40%.

Yelp (NASDAQ:YELP) SVP Laurence Wilson sold 1,250 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $59.11, for a total value of $73,887.50. Following the sale, the senior vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $1,182,200. Yelp, Inc. (NYSE:YELP) shares moved down -1.99% in last trading session and ended the day at $60.10. YELP Gross Margin is 93.50% and its return on assets is 0.30%. Yelp, Inc. (NYSE:YELP) quarterly performance is -11.33%.

Seeking to reinvigorate a dormant stock price and the sluggish sales of the last few years, Kohl’s Corp. (NYSE:KSS) on Oct 29, unveiled what CEO Kevin Mansell called a “complete change in the way we run our business.” On 04 November, Kohl’s Corp. (NYSE:KSS) shares advanced 0.40% and was closed at $55.17. KSS EPS growth in last 5 year was 7.70%. Kohl’s Corp. (NYSE:KSS) year to date (YTD) performance is -0.74%.

On October 23, Turkcell Iletisim Hizmetleri AS (NYSE:TKC) announced Third Quarter 2014 Results. Net income rose by 8.0% to TRY755.0 million (TRY699.1 million) in Q314. This was driven by increased EBITDA, higher interest income, the positive impact of TRY depreciation against USD, and the one-off positive impact of TRY24 million from the A-Tel share sale process, which we announced on August 27, 2014. Turkcell Iletisim Hizmetleri AS (NYSE:TKC) ended the last trading day at $14.40. Company weekly volatility is calculated as 1.62% and price to cash ratio as 3.40. Turkcell Iletisim Hizmetleri AS (NYSE:TKC) showed a weekly performance of 0.84%.

Raytheon Company (NYSE:RTN) received a $174.5 million follow-on contract from the U.S. Air Force to provide field support for high-altitude intelligence, surveillance and reconnaissance (ISR) and the Distributed Command Ground System (DCGS) mission. Raytheon Company (NYSE:RTN) belongs to Industrial Goods sector. Its net profit margin is 9.70% and weekly performance is 3.99%. On last trading day company shares ended up $105.10. Raytheon Company (NYSE:RTN) distance from 50-day simple moving average (SMA50) is 6.50%.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone