Momentum Stocks: QUALCOMM, Inc. (NASDAQ:QCOM), Sprint Corporation (NYSE:S), Bank of America Corp (NYSE:BAC), Ford Motor Company (NYSE:F)

QUALCOMM, Inc. (NASDAQ:QCOM) updated its FY14 earnings guidance on Wednesday. QUALCOMM, Inc. (NASDAQ:QCOM) shares after opening at $77.50 moved to $78.62 on last trade day and at the end of the day closed at $77.87. Company price to sales ratio in past twelve months was calculated as 5.17 and price to cash ratio as 7.62. QUALCOMM, Inc. (NASDAQ:QCOM) showed a negative weekly performance of -2.88%.

Sprint Corporation (NYSE:S) began implementation of a workforce reduction plan to reduce costs and better meet the changing dynamics of the marketplace. The plan includes steps to, among other things, improve operational efficiencies and reduce costs, as a result of which the Company expects to incur material charges under generally accepted accounting principles.  Sprint Corporation (NYSE:S) shares fell -3.70% in last trading session and ended the day on $8.06. S return on equity ratio is recorded as -12.80% and its return on assets is -4.10%. Sprint Corporation (NYSE:S) yearly performance is 13.68%.

U.S. prosecutors are seeking more than $13 billion from Bank of America Corp (NYSE:BAC) to resolve federal and state investigations of the lender’s sale of bonds backed by home loans in the run-up to the 2008 financial crisis, according to people familiar with the matter. Bank of America Corp (NYSE:BAC) shares moved down -0.18% in last trading session and was closed at $16.34, while trading in range of $16.21-$16.50. Bank of America Corp (NYSE:BAC) year to date performance is 5.01%.

Ford Motor Company (NYSE:F) will release its April 2014 U.S. sales results at approximately 9:30 a.m. ET Thursday, May 1, 2014. Ford Motor Company (NYSE:F) weekly performance is 1.56%. On last trading day company shares ended up $16.32. Ford Motor Company (NYSE:F) distance from 50-day simple moving average is 4.94%. Analysts mean target price for the company is $17.80.

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