It looks like, Oil prices could drop as low as $90 a barrel later this month as the global economy slows and unrest in the Middle East eventually fades. Crude oil for June delivery rose $2.91 to $100.09 a barrel. Gold for June delivery rose $14.80 to $1,506.50 an ounce, and silver for July delivery rose $1.60 to $36.89 an ounce.
Authorities in China are concerned the rapid accumulation of its currency Yuan within Hong Kong's banking system could undermine confidence in the Hong Kong dollar among residents. Shares of Hindustan Unilever Ltd.(BOM:500696) majority-owned by Anglo-Dutch giant Unilever UN gained 3%, reported a net profit of $127 million, for its fiscal fourth-quarter ended in March.
Hertz Global Holdings Inc. HTZ said offered to buy Dollar Thrifty Automotive Group Inc. DTG in a cash and stock deal worth $72 a share. Hertz is trading at a price of $16.85,a dramatic change of +0.10 with % change of 0.60 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 6.99B.
Dollar Thrifty Automotive Group is trading at a price of $69.69,a dramatic change of -0.16 with % change of -0.23 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 2.01B. Dollar Thrifty shareholders rejected a prior Hertz bid last year, with an offer from Avis Budget Group Inc. CAR for Dollar Thrifty on the table and awaiting federal regulatory action.
AES Corp. AES reported first-quarter net income rose to $224 million, against $187 million in the year-ago period. Revenue rose to $4.26 billion against $3.92 billion in the year-ago period. AES Corporation is trading at a price of $12.93, with change 0.00 with % change of 0.00 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 10.19B.
Tyson Foods TSN is expected to report second-quarter earnings of 43 cents a share. Tyson Foods is trading at a price of $18.89,a dramatic change of -0.33 with % change of -1.72 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 7.13B.
Sotheby's Holdings Inc. BID is projected to report first-quarter earnings of 3 cents a share, is trading at a price of $45.68,a dramatic change of -0.16 with % change of -0.35 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 3.11B.
Activision Blizzard Inc. ATVI is forecast to report first-quarter earnings of 7 cents a share, is trading at a price of $11.44,a dramatic change of +0.18 with % change of 1.60 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 13.52B.
Sempra Energy SRE is expected to post first-quarter earnings of 97 cents a share, is trading at a price of $54.86,a dramatic change of +0.50 with % change of 0.92 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 13.23B.
PetMed Express Inc. PETS is projected to report fourth-quarter earnings of 22 cents a share, is trading at a price of $14.72,a dramatic change of +0.09 with % change of 0.62 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 331.52M.
Rosetta Stone Inc. RST is forecast to report a loss of 33 cents a share for the first quarter, is trading at a price of $13.75,a dramatic change of +0.01 with % change of 0.07 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 288.47M.
SYSCO Corporation SYY is expected to post third-quarter earnings of 41 cents a share, is trading at a price of $28.51,a dramatic change of -0.14 with % change of -0.49 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 16.61B.
In another news about LinkedIn IPO, LinkedIn Corp plans to sell 7.84 million shares sets IPO price of $32-$35 to have 94.5 mln shrs outstanding. The IPO will raise proceeds of about $271 million, will carry a market capitalization of about $3.3 billion.
Fatal typhoon hits Philippines, killing at least 10 people in floods and landslides and forcing thousands to evacuate.
Upgrades:
Deutsche Bank DB upgraded shares of Leap Wireless International Inc. LEAP to a “hold” rating in a research note to investors. Dougherty & Co. upgraded shares of Echelon Co. ELON from a “neutral” rating to a “buy” rating in a research note to investors. Avian upgraded shares of Broadsoft Inc BSFT from a “negative” rating to a “neutral” rating in a research note to investors. SunTrust STI upgraded shares of Rosetta Resources Inc. ROSE from a “neutral” rating to a “buy” rating. Robert W. Baird downgraded shares of Obagi Medical Products, Inc. OMPI from an “outperform” rating to a “neutral” rating in a research note to investors. Zacks Investment Research downgraded shares of Brinker International, Inc. EAT from an “outperform” rating to a “neutral” rating in a research note to investors.
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William Blair upgraded shares of Towers Watson and Co TW from a “market perform” rating to an “outperform” rating. Citigroup C upgraded shares of Concho Resources Inc. CXO from a “sell” rating to a “hold” rating. Raymond James RJF downgraded shares of The Gap Inc. GPS from an “outperform” rating to a “market perform” rating. Signal Hill downgraded shares of Blue Coat BCSI to a “hold” rating in a research note to investors. Canaccord Genuity upgraded shares of Penn Virginia PVA from a “hold” rating to a “buy” rating. Global Hunter Securities upgraded shares of Approach Resources Inc. AREX from a “neutral” rating to a “buy” rating. Pritchard upgraded shares of Continental Resources Inc. CLR from a “neutral” rating to a “buy” rating, is trading at a price of $61.35,a dramatic change of +0.70 with % change of 1.15 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 11.02B.
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