Momentum Stocks : QUALCOMM(NASDAQ:QCOM), VeriSign(NASDAQ:VRSN), United Parcel Service(NYSE:UPS), The Pantry(NASDAQ:PTRY), Financial Institutions Inc. (NASDAQ:FISI)


On October 21, Qualcomm Incorporated (NASDAQ:QCOM) announced that its subsidiary, Qualcomm Atheros, Inc., is putting high performance Wi-Fi connectivity in consumers’ hands and homes with the only end-to-end ecosystem of 802.11ac 2.0 solutions with multi-user multi-input/multi-output (MU-MIMO). QUALCOMM, Inc. (NASDAQ:QCOM) in last trading activity moved up 1.14% to close at $76.00. Company weekly performance is 4.93% while its quarterly performance stands at 0.78%. QUALCOMM, Inc. (NASDAQ:QCOM) is -6.77% away from its 52 week high.

VeriSign, Inc. (NASDAQ:VRSN), a global leader in domain names and Internet security, reported financial results for the third quarter of 2014. Third Quarter GAAP Financial Results. VeriSign, Inc. and subsidiaries (“Verisign”) reported revenue of $255 million for the third quarter of 2014, up 4.7 percent from the same quarter in 2013. Verisign reported net income of $95 million and diluted earnings per share (EPS) of $0.69 for the third quarter of 2014, compared to net income of $81 million and diluted EPS of $0.53 in the same quarter in 2013. On last trading day VeriSign, Inc. (NASDAQ:VRSN) moved up 3.92% to close at $58.55. Its volatility for the week is 3.75% while volatility for the month is 2.56%. VRSN’s sales growth for past 5 years was 11.50% and its EPS growth for past 5 years was 70.80%. VeriSign, Inc. (NASDAQ:VRSN) monthly performance is 5.90%.

United Parcel Service, Inc. (NYSE:UPS) might levy surcharges or even turn away some holiday shipments this year if retailers surprise the delivery giant by dropping off more packages than they had planned. UPS executives discussed the possibilities Friday as they detailed plans for improving on last holiday season, when many consumers didn’t get their packages by Christmas as promised. On last trading day United Parcel Service, Inc. (NYSE:UPS) moved up 0.11% to close at $100.59. Its volatility for the week is 1.86% while volatility for the month is 1.73%. UPS’s sales growth for past 5 years was 1.50% and its EPS growth for past 5 years was 48.40%. United Parcel Service, Inc. (NYSE:UPS) monthly performance is 4.21%.

The Pantry (NASDAQ:PTRY) had its target price lifted by RBC Capital from $19.00 to $20.00 in a research note released on October 10. They currently have a sector perform rating on the stock. The Pantry, Inc. (NASDAQ:PTRY) has 0.60% insider ownership while its institutional ownership stands at 88.90%. In last trading activity company’s stock closed at $24.48.

Financial Institutions, Inc. (NASDAQ:FISI) the parent company of Five Star Bank, reported net income for the third quarter ended September 30, 2014 of $7.2 million, compared with $7.0 million for the second quarter of 2014 and $6.2 million for the third quarter of 2013. On Friday shares of Financial Institutions Inc. (NASDAQ:FISI) closed at $23.98. Company’s sales growth for last 5 years was 0.00% and EPS growth for next 5 years is recorded as 8.00%.


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