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Momentum Stocks in Focus: Exelon Corporation (EXC), Cognizant Technology Solutions Corporation (CTSH), Applied Materials, Inc. (AMAT)

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Exelon Corporation (EXC) managed to rebound with the stock climbing 0.49% or $0.17 to close the day at $35.02 on active trading volume of 7.37M shares, compared to its three month average trading volume of 6.42M. The Chicago Illinois 60680 based company has been outperforming the diversified utilities group over the past 52 weeks, with the stock gaining 18.82%, compared to the industry which has advanced 20.2% over the same period. With RSI of 45.89, the stock should still continue to rise and get closer to its one year target estimate of $38.45, making it a hold for now.

Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States and Canada. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, as well as wind and solar facilities. The company also sells renewable energy and other energy-related products and services; and engages in natural gas and oil exploration and production activities, as well as sells electricity and natural gas to wholesale and retail customers. In addition, it is involved in the purchase and regulated retail sale of electricity, and the provision of electricity transmission and distribution services to retail customers in northern Illinois, southeastern Pennsylvania, and central Maryland. Further, the company engages in the purchase and regulated retail sale of natural gas, and the provision of gas distribution services to retail customers in the Pennsylvania counties surrounding the City of Philadelphia, as well as in central Maryland, including the City of Baltimore. It serves distribution utilities, municipalities, cooperatives, and financial institutions, as well as commercial, industrial, governmental, and residential customers. The company was founded in 1887 and is headquartered in Chicago, Illinois.

Cognizant Technology Solutions Corporation (CTSH) retreated with the stock falling -1.03% or $-0.6 to close at $57.4 on active trading volume of 6.93M compared its three months average trading volume of 6.44M. The Teaneck New Jersey 07666 based company operating under the Business Software & Services industry has been trending up for the last 52 weeks, with the shares price now 10.15% up for the period and up by 2.45% so far this year. With price target of $63.66 and a 26.32% rebound from 52-week low, Cognizant Technology Solutions Corporation has plenty of upside potential, making it a hold with a view buy.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Its consulting and technology services include IT strategy consulting, program management consulting, operations improvement consulting, strategy consulting, and business consulting services; and application design and development, systems integration, enterprise resource planning, and customer relationship management implementation services. The company also offers enterprise information management services, such as strategic, advisory, and management consulting; enterprise data management; descriptive analytics/business intelligence; strategic corporate performance management; and packaged analytics services, as well as big data services that assist clients in managing and deriving actionable insights. In addition, it provides application testing services; and develops, licenses, implements, and supports proprietary and third-party software products, as well as offers digital technologies services. Further, the company offers outsourcing services, such as application maintenance services; IT infrastructure services; and business process services, including clinical data management, pharmacovigilance, equity research support, commercial operations, and order management. It serves various industries, including banking and insurance; healthcare and life sciences; manufacturing and logistics; retail, travel, and hospitality; consumer goods; communications; information, media, and entertainment; and technology. The company markets and sells services through its professional staff, senior management, and direct sales personnel. Cognizant Technology Solutions Corporation was founded in 1998 and is headquartered in Teaneck, New Jersey.

Applied Materials, Inc. (AMAT) continued its downward trend with the stock declining -0.25% or $-0.09 to close the day at $35.32 on higher than average trading volume of 6.91M shares, compared to its three month average trading volume of 10.1M. The Santa Clara California 95054 based company has been outperforming the semiconductor equipment & materials companies by 21.4698% for last three months and its recent gains have pushed the stock slightly up 9.45% YTD, versus the semiconductor equipment & materials industry which is up 10.7% for the same period. The RSI of 63.69 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits. It offers products and technologies for transistor and interconnect fabrication, including epitaxy, ion implantation, oxidation and nitridation, rapid thermal processing, chemical vapor deposition, physical vapor deposition, chemical mechanical planarization, and electrochemical deposition; patterning, selective removal, and packaging products and systems that enable the transfer of patterns onto device structures; and metrology, inspection, and review systems for front- and back-end-of-line applications. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes, and other display technologies for TVs, personal computers, tablets, smart phones, and other consumer-oriented devices, as well as equipment for flexible substrates. The company serves manufacturers of semiconductor wafers and chips, liquid crystal and other displays, and other electronic devices. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California.

 

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