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Momentum Stocks: Noble Corp. (NYSE:NE), EMC Corporation (NYSE:EMC), FirstMerit Corporation (NASDAQ:FMER), TravelCenters of America LLC (NYSE:TA), Norfolk Southern Corporation (NYSE:NSC)

Momentum Stocks: Noble Corp. (NYSE:NE), EMC Corporation (NYSE:EMC), FirstMerit Corporation (NASDAQ:FMER), TravelCenters of America LLC (NYSE:TA), Norfolk Southern Corporation (NYSE:NSC)
Written by
Charles Donlon
Published on
November 12, 2014
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Zacks reiterated their neutral rating on shares of Noble Corp plc (NYSE:NE) in a research report sent to investors on Thursday morning. The firm currently has a $21.00 price target on the stock. Noble Corp. (NYSE:NE) belongs to Basic Materials sector. Its net profit margin is 28.70% and weekly performance is 10.91%. On last trading day company shares ended up $21.24. Noble Corp. (NYSE:NE) distance from 50-day simple moving average (SMA50) is -3.19%. Unified Hires EMC Corporation (NYSE:EMC) Ventures Founder Shawn Douglass As Its First CTO. EMC Corporation (NYSE:EMC) shares fell -0.48% in last trading session and ended the day at $29.02. EMC Gross Margin is 62.20% and its return on assets is 6.70%. EMC Corporation (NYSE:EMC) quarterly performance is -1.06%. On Nov. 5, FirstMerit Corporation (NASDAQ:FMER) announced that it has taken additional steps in the revitalization of Detroit's Cody Rouge neighborhood with the creation of a program that will help the Cody Rouge Community Action Alliance (CRCAA) purchase two homes from the Detroit Land Bank at a discount, rehab those properties with the help of Life Remodeled and sell them at full market value. Profits from the sale of the rehabbed homes will allow CRCAA to purchase additional properties, making the program sustainable. On 11 November, FirstMerit Corporation (NASDAQ:FMER) shares increased 0.27% and was closed at $18.52. FMER EPS growth in last 5 year was -4.20%. FirstMerit Corporation (NASDAQ:FMER) year to date (YTD) performance is -14.50%. TravelCenters of America LLC (NYSE:TA) announced financial results for the three and nine months ended September 30, 2014. TA’s EBITDAR for the third quarter of 2014 increased by approximately $9.4 million, or 10.7%, to $97.2 million, versus EBITDAR for the 2013 third quarter of $87.8 million. TravelCenters of America LLC (NYSE:TA) ended the last trading day at $9.20. Company weekly volatility is calculated as 4.96% and price to cash ratio as 3.29. TravelCenters of America LLC (NYSE:TA) showed a weekly performance of 0.33%. On Nov 06, Norfolk Southern Corporation (NYSE:NSC) activist investor Bill Ackman said Canadian Pacific Railway Ltd. may pursue a rival to one-time target CSX Corp. While Ackman didn’t name Norfolk Southern in remarks at the Invest for Kids conference in Chicago, he described the possible takeover target in relation to CSX. Norfolk, Virginia-based Norfolk Southern and CSX go head-to-head in the U.S. east of the Mississippi River. Norfolk Southern Corporation (NYSE:NSC) shares increased 0.03% in last trading session and ended the day at $116.63. NSC Gross Margin is 38.80% and its return on assets is 6.10%. Norfolk Southern Corporation (NYSE:NSC) quarterly performance is 13.57%.

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