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Momentum Stocks : General Motors Company (NYSE:GM), Broadcom Corp. (NASDAQ:BRCM), China Mobile Limited (NYSE:CHL), TCF Financial Corporation (NYSE:TCB), Comcast Corporation (NASDAQ:CMCSA)

Momentum Stocks : General Motors Company (NYSE:GM), Broadcom Corp. (NASDAQ:BRCM), China Mobile Limited (NYSE:CHL), TCF Financial Corporation (NYSE:TCB), Comcast Corporation (NASDAQ:CMCSA)
Written by
Charles Donlon
Published on
October 24, 2014
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InsidrFinancial

General Motors Company (NYSE:GM) on Thursday reported a higher-than-expected profit in the third quarter on strong demand for its redesigned full-size pickup trucks in North America. "Clearly, high transaction prices - the new trucks and SUVs are more profitable than the ones they replace - that certainly helps," GM Chief Financial Officer Chuck Stevens said at the company's Detroit headquarters. General Motors Company (NYSE:GM) in last trading activity decreased -1.21% to close at $30.93. Company weekly performance is 3.31% while its quarterly performance stands at -11.04%. General Motors Company (NYSE:GM) is -24.16% away from its 52 week high. Broadcom Corporation (NASDAQ:BRCM) surged in last session following it declared its financial results, which beat analysts’ estimation that eased concern instructions might be drying up. The stocks of firm slightly up 0.84% to trade at $39.71 on last seen. On last trading day Broadcom Corp. (NASDAQ:BRCM) remains unchanged to close at $39.37. Its volatility for the week is 2.51% while volatility for the month is 2.70%. BRCM's sales growth for past 5 years was 12.30% and its EPS growth for past 5 years was 12.20%. Broadcom Corp. (NASDAQ:BRCM) monthly performance is -2.02%. China Mobile Ltd. (NYSE:CHL), the world’s largest wireless carrier, continued to see pressure for the fifth straight quarter with net income declining over 12% year-over-year (y-o-y) to about RMB 25 billion ($4 billion) in Q3 2014. This decline in net income can be attributed to increasing competition in the Chinese wireless market, a decline in interconnection fees, the introduction of a Value Added Tax (VAT) and the growing popularity of over-the-top (OTT) applications. On last trading day China Mobile Limited (NYSE:CHL) decreased -2.01% to close at $56.99. Its volatility for the week is 1.11% while volatility for the month is 1.47%. CHL's sales growth for past 5 years was 8.90% and its EPS growth for past 5 years was 1.50%. China Mobile Limited (NYSE:CHL) monthly performance is -7.78%. TCF Financial Corporation (NYSE:TCB) recently declared a quarterly dividend, which is scheduled for Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, November 12th. TCF Financial Corporation (NYSE:TCB) has 2.60% insider ownership while its institutional ownership stands at 80.60%. In last trading activity company's stock closed at $15.21. Comcast Corp. (NASDAQ:CMCSA)’s $45 billion plan to purchase Time Warner Cable Inc. and AT&T Inc.’s $48.5 billion deal for DirecTV (DTV) are challenging network owners to expand to gain leverage in fee discussions with distributors. Comcast Corporation (NASDAQ:CMCSA) in last trading activity advanced 3.36% to close at $53.22. Company weekly performance is 7.32% while its quarterly performance stands at -1.74%. Comcast Corporation (NASDAQ:CMCSA) is -7.04% away from its 52 week high.

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