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Momentum Stocks: Comerica Incorporated (CMA), Digital Realty Trust, Inc. (DLR), ServiceNow, Inc. (NOW)

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Comerica Incorporated (CMA) retreated with the stock falling -0.39% or $-0.27 to close at $68.22 on light trading volume of 1.45M compared its three months average trading volume of 2.14M. The Dallas Texas 75201 based company operating under the Money Center Banks industry has been trending up for the last 52 weeks, with the shares price now 101.14% up for the period and up by 0.16% so far this year. With price target of $70.81 and a 128.13% rebound from 52-week low, Comerica Incorporated has plenty of upside potential, making it a hold with a view buy.

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services to middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides small business banking and personal financial services, including consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers a range of consumer products consisting of deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services comprising fiduciary services, private banking, retirement services, investment management and advisory services, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The company operates in Texas, California, and Michigan, as well as in Arizona and Florida, the United States; Canada; and Mexico. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

Digital Realty Trust, Inc. (DLR) had a light trading with around 1.44M shares changing hands compared to its three month average trading volume of 1.47M. The stock traded between $105.54 and $107.61 before closing at the price of $106.89 with -0.8% change on the day. The San Francisco California 94111 based company is currently trading 45.31% above its 52 week low of $76.36 and -3.83% below its 52 week high of $113.21. Both the RSI indicator and target price of  and $107.87 respectively, lead us to believe that it could rise over the coming weeks.

Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. It focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users, including the information technology departments of Fortune 1000 companies, and financial services companies. The company’s property portfolio consists of Internet gateway properties, corporate datacenter properties, technology manufacturing properties, and regional or national offices of technology companies. As of December 31, 2008, Digital Realty’s portfolio consisted of 75 properties, including 62 located in North America and 13 located in Europe. Digital Realty Trust has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 2004 and is headquartered in San Francisco, California with additional offices in Boston, Chicago, Dallas, Los Angeles, New York, Northern Virginia, and Phoenix, as well as in Dublin, London, and Paris.

ServiceNow, Inc. (NOW) saw its value increase by 1.15% as the stock gained $1.03 to finish the day at a closing price of $90.5. The stock was lighter in trading and has fluctuated between $46.12-$92.98 per share for the past year. The shares, which traded within a range of $88.63 to $90.71 during the day, are up by 7.89% in the past three months and up by 19.35% over the past six months. It is currently trading 5.91% above its 20 day moving average and 10.74% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $102.36 a share over the next twelve months. The current relative strength index (RSI) reading is 70.47.The technical indicator do not lead us to believe the stock will see more gains any time soon.

ServiceNow, Inc. provides enterprise cloud-based solutions that define, structure, manage, and automate services in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It offers service management solutions, including incident management, problem management, change management, and request management, as well as service catalog and knowledge base; and information technology (IT), HR, customer service, security operations, facilities, and field service management solutions. The company also provides business management solutions, such as financial management solutions; project portfolio suite that provides capabilities to plan, organize, and manage projects; governance, risk, and compliance solution that provides clarity into compliance and audit initiatives; and performance analytics solutions, as well as offers ServiceNow platform that integrates various business applications. In addition, it offers IT operations management solutions that include ServiceWatch Mapping, a service mapping and discovery solution; ServiceWatch Insight that adds event management to the ServiceWatch Mapping bundle, as well as offers insight on the issues affecting service availability and performance; and ServiceWatch Suite that adds orchestration and cloud management to the ServiceNow ITOM products. Further, the company offers professional, education, and customer support services. It serves enterprises in various industries, including financial services, consumer products, IT services, health care, and technology. The company sells products through its direct sales team, as well as indirectly through third-party channels by partnering with systems integrators, managed services providers, and resale partners. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. ServiceNow, Inc. was founded in 2004 and is headquartered in Santa Clara, California.

 

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