Momentum Stocks: CASI Pharmaceuticals (NASDAQ:CASI), Caterpillar Inc. (NYSE:CAT), Pepco Holdings (NYSE:POM), W.W. Grainger (NYSE:GWW), Mizuho Financial Group (NYSE:MFG)


On Tuesday shares of CASI Pharmaceuticals, Inc. (NASDAQ:CASI) closed at $1.36. On March 31, it was reported that, CASI Pharmaceuticals, Inc. (NASDAQ:CASI) has received approval from the China Food and Drug Administration (CFDA) to conduct a global Phase II clinical trial of ENMD-2076, an orally-active, Aurora A/angiogenic kinase inhibitor, in patients with ovarian clear cell carcinoma (OCCC). The approval will allow the company to expand its Phase II OCCC trial currently underway in multiple centers in North America with Princess Margaret Cancer Centre in Canada as the lead institution.

On Tuesday shares of Caterpillar Inc. (NYSE:CAT) closed at $80.54. Company’s sales growth for last 5 years was 11.20% and EPS growth for next 5 years is recorded as 9.69%. On April 3, it was reported that, Caterpillar Inc. (NYSE:CAT) continued its winnowing of its overall U.S. workforce Thursday by confirming plans to eliminate 50 full-time and 200 contract jobs at its plant in Lafayette, Ind. The job cuts will take effect in June. Employees were notified of the layoffs Wednesday. The company said the workforce reduction stems from a decrease in orders for engines that support the oil and gas industry.

On last trading day Pepco Holdings, Inc. (NYSE:POM) fell -0.41% to close at $26.79. Its volatility for the week is 0.51% while volatility for the month is 0.58%. POM’s sales growth for past 5 years was -8.00% and its EPS growth for past 5 years was -1.00%. Pepco Holdings, Inc. (NYSE:POM) monthly performance is -0.59%. Pepco Holdings, Inc. (NYSE:POM) said on Tuesday it experienced a dip in voltage in the Washington area that was caused by “an issue with a transmission line,” after widespread outages were reported at government buildings and other facilities. Pepco said on Twitter that it was working to repair a transmission equipment “fault” in Charles County, Maryland.

W.W. Grainger, Inc. (NYSE:GWW) has 1.70% insider ownership while its institutional ownership stands at 76.80%. In last trading activity company’s stock closed at $232.86. Zacks upgraded shares of W W Grainger Inc (NYSE:GWW) from a sell rating to a hold rating. Zacks now has a $246.00 price target on that stock.

On last trading day Mizuho Financial Group, Inc. (NYSE:MFG) moved up 0.55% to close at $3.63. Its volatility for the week is 0.95% while volatility for the month is 1.00%. MFG’s EPS growth for past 5 years was 29.76%. Mizuho Financial Group, Inc. (NYSE:MFG) monthly performance is -0.82%. Mizuho Financial Group Inc, (NYSE:MFG) is reportedly planning to employ up to 200 people from Royal Bank of Scotland Group Plc (RBS) in the US, sources told Bloomberg. The report said Mizuho is considering taking 130 to 200 employees from the US unit of RBS as part of its deal to buy loans from the British lender. The deal will include fixed-income and loan staff members. The Japanese bank announced in February that it will purchase RBS loans worth about USD3bn to be able to gain access to corporate clients in the US.


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