Momentum Stocks: Ericsson (ADR) (NASDAQ:ERIC), National Bank of Greece (ADR) (NYSE:NBG), Linn Energy LLC (NASDAQ:LINE), Barclays PLC (ADR) (NYSE:BCS), JPMorgan Chase & Co. (NYSE:JPM)
Ericsson (ADR) (NASDAQ:ERIC) has signed a six-year radio service contract extension with Netherlands Public Broadcasting, covering six public radio stations. Ericsson (ADR) (NASDAQ:ERIC) net profit margin is 5.80% and weekly performance is 0.49%. On last trading day company shares ended up $12.36. Analysts mean target price for the company is $14.08. Ericsson (ADR) (NASDAQ:ERIC) distance from 50-day simple moving average (SMA50) is -0.03%.
Despite the odds that National Bank of Greece (ADR) (NYSE:NBG) faced and the fact that investors are preferring to stay away from it, the Greek bank has shown some improvement making it a good bet for the forthcoming time. As per Barrons, the bank’s non-performing loans are lessening as it is gradually coming towards profitability and defying rivals. In addition to this, the bank’s recent finance raising activity has put up in a well-capitalized position. National Bank of Greece (ADR) (NYSE:NBG) shares advanced 1.29% in last trading session and ended the day on $3.93. NBG return on assets is 0.30%.National Bank of Greece (ADR) (NYSE:NBG) quarterly performance is -31.53%.
Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Linn Energy LLC (NASDAQ:LINE) in a research note on Tuesday, May 27th. They now have a $31.00 price target on the stock, up previously from $30.00. Linn Energy LLC (NASDAQ:LINE) shares moved up 0.29% in last trading session and was closed at $31.37, while trading in range of $31.31 – $31.45. Linn Energy LLC (NASDAQ:LINE) year to date (YTD) performance is 6.85%.
Barclays (ADR) (NYSE:BCS) plans to cut between 3% and 5% of its Asian investment banking and markets operations, according to a person familiar with the matter earlier this month. The bank wants to shed 7,000 global investment-banking jobs by 2016. Barclays PLC (ADR) (NYSE:BCS) ended the last trading day at $16.19. Company weekly volatility is calculated as 1.02%. Barclays PLC (ADR) (NYSE:BCS) showed a positive weekly performance of 0.19%.
Dimon, the CEO of JPMorgan Chase & Co, (NYSE:JPM) took a much-ballyhooed trip to Washington in September to meet with Holder in an effort to close a deal that would allow the largest U.S. bank by assets to put its mortgage securities problems behind it. JPMorgan Chase & Co. (NYSE:JPM) net profit margin is 41.00% and weekly performance is 0.46%. On last trading day company shares ended up $57.30. Analysts mean target price for the company is $64.00. JPMorgan Chase & Co. (NYSE:JPM) distance from 50-day simple moving average (SMA50) is 3.03%.
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