Shares of Nokia Corporation (NYSE:NOK) rallied 3% this morning after Jefferies upgraded the communications equipment giant from hold to buy. Nokia Corporation (ADR) (NYSE:NOK) net profit margin is -9.50% and weekly performance is 8.29%. On last trading day company shares ended up $7.84. Analysts mean target price for the company is $8.06. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is 6.05%.
Merck KGaA (ADR)(OTCMKTS:MKGAY) announced in a press release that it will construct a drug manufacturing facility in Bari, Italy. The company will be investing $68 million (€50 million) to build this facility in response to the rising demand for biopharmaceuticals. The fill and finish production facility in southern Italy is expected to be operational in 2017. Merck KGaA (ADR)(OTCMKTS:MKGAY) shares fell -0.14% in last trading session and ended the day on $57.13.
In a dispute that pits Amazon.com Inc. (NASDAQ:AMZN) against Paris-based publisher Hachette Book Group, Amazon is being portrayed as the villain for adopting some hard-ball tactics in a game to determine how much Amazon will pay Hachette for e-books that Amazon will then sell through its online store. Amazon is not allowing its customers to preorder books published by Hachette. Amazon.com, Inc. (NASDAQ:AMZN) shares moved up 2.40% in last trading session and was closed at $312.24, while trading in range of $304.90 – $312.35. Amazon.com, Inc. (NASDAQ:AMZN) year to date (YTD) performance is -21.70%.
Wal-Mart Stores, Inc. (NYSE:WMT) appointed over 42,000 veterans during the first year of the company’s Veteran Welcome Home Commitment. The commitment, initiated last Memorial Day, promises a job opportunity to any “honourably discharged” expert within his/her one year off active duty. The company expects it will appoint above 100,000 veterans in coming five years. Wal-Mart Stores, Inc. (NYSE:WMT) ended the last trading day at $75.61. Company weekly volatility is calculated as 0.84% and price to cash ratio as 40.59.Wal-Mart Stores, Inc. (NYSE:WMT) showed a negative weekly performance of -1.82%.
PriceSmart, Inc. (NASDAQ:PSMT) Net warehouse club sales grew 9.3% to $192.4 million for the month. Further, PriceSmart reported 4.6% year-over-year increase in comparable warehouse sales (comps) of 30 warehouse clubs for the four-week period ended Apr 27, 2014 which were open for at least 13 and a half months. The retailer’s March comps came in at 1.9%. PriceSmart, Inc. (NASDAQ:PSMT) net profit margin is 3.60% and weekly performance is -3.44%. On last trading day company shares ended up $89.94. Analysts mean target price for the company is $93.67. PriceSmart, Inc. (NASDAQ:PSMT) distance from 50-day simple moving average (SMA50) is -8.15%.