Acks Investment Research downgraded Diageo plc (ADR) (NYSE:DEO)to a Zacks Rank #5 (Strong Sell) on May 21. Estimates for this U.K. based brewer stock has been revised downward ever since it reported disappointing third-quarter fiscal 2014 results on Apr 17, 2014. Management also expects top lines to be under pressure for the rest of the year. Diageo plc (ADR) (NYSE:DEO) net profit margin is 44.90% and weekly performance is -1.96%. On last trading day company shares ended up $128.04. Analysts mean target price for the company is $145.35. Diageo plc (ADR) (NYSE:DEO) distance from 50-day simple moving average (SMA50) is 3.22%.
Youku Tudou Inc (ADR) (NYSE:YOKU) stock is lower Friday after the China-based internet company reported first-quarter revenue below consensus and guided for second-quarter sales lower than analysts expected. Over its March-ending quarter, the company reported revenue of $112.7 million. Analysts surveyed by Thomson Reuters expected $114.01 million. In its second quarter, the company guided for revenue growth of 25% to 33%, lower than analysts’ estimates of 40% growth. Youku Tudou Inc (ADR) (NYSE:YOKU) shares fell -0.44% in last trading session and ended the day on $20.31. YOKU Gross Margin is 17.90% and its return on assets is -5.40%. Youku Tudou Inc (ADR) (NYSE:YOKU) quarterly performance is -33.12%.
The office of Yandex NV (NASDAQ:YNDX) was among the sites searched by Russian investigators as part of a probe into allegations that members of Alexei Navalny’s mayoral campaign used the company’s money-transfer service to receive illegal funds from abroad, reported The Moscow Times. Yandex NV (NASDAQ:YNDX) shares moved up 0.34% in last trading session and was closed at $32.21, while trading in range of $30.88 – $32.31. Yandex NV (NASDAQ:YNDX) year to date (YTD) performance is -25.35%.
China Solar Makers Seek Talks to Resolve Trade Dispute With U.S. China has set anti-dumping charges as high as 57 percent for U.S. makers of polysilicon, used in panels. Chinese panel makers including ReneSola Ltd. and China Sunergy Co Ltd (NASDAQ:CSUN) are looking to manufacture abroad as the trade dispute threatens exports. China Sunergy Co Ltd (NASDAQ:CSUN) ended the last trading day at $3.85. Company weekly volatility is calculated as 10.99% and price to cash ratio as 1.82. China Sunergy Co Ltd (NASDAQ:CSUN) showed a positive weekly performance of 38.49%.
Japan’s Honda Motor Co. has slashed auto production 40% at one of its Thai factories as car sales plunge in the Southeast Asian nation in the throes of a military coup. Honda Motor Co Ltd (ADR) (NYSE:HMC) shares moved up 1.31% in last trading session and was closed at $34.71, while trading in range of $34.40 – $34.71. Honda Motor Co Ltd (ADR) (NYSE:HMC) year to date (YTD) performance is -16.06%.
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