Investors have long speculated about when Apple Inc. (NASDAQ:AAPL) will be included in the Dow Jones Industrial Average. “Apple would now be the next logical tech stock to be included in the Dow,” Toni Sacconaghi, senior analyst at Sanford C. Bernstein & Co., said in a chat with MoneyBeat. Apple Inc. (NASDAQ:AAPL) shares after opening at $568.21 moved to $570.00 on last trade day and at the end of the day closed at $567.77. Company price to sales ratio in past twelve months was calculated as 2.91 and price to cash ratio as 12.44. Apple Inc. (NASDAQ:AAPL) showed a positive weekly performance of 9.39%.
The Chinese government has fined SINA Corp (NASDAQ:SINA)’s sina.com and made arrests in connection with an investigation that alleges the site facilitated the distribution of pornographic content. SINA Corp (NASDAQ:SINA) shares moved down -3.06% in last trading session and was closed at $51.64 while trading in range of $48.88 – $51.95 – SINA Corp (NASDAQ:SINA) year to date (YTD) performance is -38.71%.
Finally, Microsoft (MSFT)’s $7.2 billion acquisition of Nokia Corporation (ADR) (NYSE:NOK)’s devices and services business has been completed. Nokia Corporation (ADR)(NYSE:NOK) shares after opening at $7.29 moved to $7.33 on last trade day and at the end of the day closed at $7.30. Company price to sales ratio in past twelve months was calculated as 0.78 and price to cash ratio as 3.64.
Chip maker Broadcom Corporation (NASDAQ:BRCM) reported Q1 revenue and earnings per share that topped analysts’ estimates, and a forecast for revenue this quarter more or less in line with consensus. Revenue in the three months ended in March rose to $1.98 billion, yielding EPS of 51 cents. Whereas, analysts had been modeling $1.96 billion and 46 cents per share. Broadcom Corporation (NASDAQ:BRCM) shares fell -4.37% to $29.78 in pre-market today.
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