Following the latest row over cyber spying between China and the U.S., the Chinese government is pushing its banks to replace their high-end computers made by New York-based International Business Machines Corp. (NYSE:IBM), with domestic ones. International Business Machines Corp. (NYSE:IBM), net profit margin is 19.10% and weekly performance is 15.70%. On last trading day company shares ended up $185.94. Analysts mean target price for the company is $194.48. International Business Machines Corp. (NYSE:IBM), distance from 50-day simple moving average (SMA50) is -2.13%.
Apple Inc. (NASDAQ:AAPL), stock has significantly declined in the portfolios of major tech investors compared to stocks of companies like Microsoft and HP in an analysis from Morgan Stanley. According to the report, analysts believe the low portfolio allocation will benefit Apple Inc as it prepares to release new products soon including the iPhone 6 and long-rumoured i-Watch. Apple Inc. (NASDAQ:AAPL), advanced 1.13% in last trading session and ended the day on $614.13. AAPL, Gross Margin is 37.90% and its return on assets is 18.00%. Apple Inc. (NASDAQ:AAPL), quarterly performance is 17.06%.
The U.S. Consumer Product Safety Commission reports that Gibson Leather Task Chairs are being recalled of Office Depot Inc (NYSE:ODP), because the mounting plate weld can break causing a falling hazard. Office Depot Inc (NYSE:ODP), shares moved up 4.96% in last trading session and was closed at $5.04, while trading in range of $4.96 – 5.05. Office Depot Inc (NYSE:ODP), year to date (YTD) performance is -4.73%.
Michael Kors Holdings Ltd (NYSE:KORS), will post its Q414 quarterly earnings results on Wednesday, May 28th. Analysts expect Michael Kors Holdings to post earnings of $0.68 per share and revenue of $816.51 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link. Michael Kors Holdings Ltd (NYSE:KORS), ended the last trading day at $96.40. Company weekly volatility is calculated as 2.21% and price to cash ratio as 23.73. Michael Kors Holdings Ltd (NYSE:KORS), showed a positive weekly performance of 3.82%.
Analysts at Mizuho assumed coverage on shares of Sabre Corp (NASDAQ:SABR), in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating and a $19.00 price target on the stock. Mizuho’s price objective points to a potential upside of 11.18% from the stock’s previous close. Sabre Corp (NASDAQ:SABR), net profit margin is -4.50% and weekly performance is 4.91%. On last trading day company shares ended up $17.09. Analysts mean target price for the company is $17.00. Sabre Corp (NASDAQ:SABR), distance from 50-day simple moving average (SMA50) is 4.56%.