As much as the media focus on Yahoo! Inc. (NASDAQ:YHOO) Chief Executive Marissa Mayer and her efforts to turn the Internet pioneer around, it’s safe to say that the company’s shares still trade with an Alibaba premium. In 2013, Yahoo’s stock rose just over 107%. And while it is impossible to really say what drives investors to a stock, many believe that Yahoo’s rise has been bolstered by its 24% stake in the Chinese e-commerce company. Investors hope Alibaba’s hotly anticipated initial public offering will happen this year, but the company has not yet hired underwriters, specified a venue, confirmed a date or the size of an eventual offering. Yahoo has agreed to sell 40% of its remaining stake in Alibaba’s eventual IPO. Yahoo! Inc. (NASDAQ:YHOO) stock opened at $35.77 in last trading session, and closed at $34.89, trading in the range of $34.82 – $36.31. The stock showed a negative weekly performance of -13.17%.
Boeing Co. (NYSE:BA) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $7.00-7.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.48, StockRatingsNetwork.com reports. The company issued revenue guidance of $87.5-90.5 billion, compared to the consensus revenue estimate of $92.77 billion. The Boeing Company (NYSE:BA) shares closed at $29.78 on last trade day, by losing -5.33%. Stock 52 week range is $73.00 – $144.57. Company’s market capitalization is $97.52 billion.
Yandex NV (NASDAQ:YNDX) reported signing a cooperation agreement with MultiShip, a logistics services aggregator. Pursuant to this, Yandex is buying MultiShip’s software platform for $1 million and investing several million into the company’s development. The service’s software developers are joining the Yandex development team. Yandex NV (NASDAQ:YNDX) stock decreased -6.21% and finished the last session at $35.34. The EPS of the stock remained 1.10. Company’s market capitalization is $12.31 billion.
Standpoint Research changed ICICI Bank Limited (ADR) (NYSE:IBN) stock rating to accumulate from Initiated. ICICI Bank Limited (ADR) (NYSE:IBN) stock opened at $32.76 in last trading session and closed at $32.00. The 52 week range of the stock is $24.94 – $48.44 and the day range was $31.83 – $32.96.