Technology, the most loved industry among funds in the survey by Citigroup, suffered some of the biggest losses. The Nasdaq Internet Index, which rallied 494 percent over the five years through March, has since dropped 19 percent as concerns grew that valuations as high as 822 times estimated earnings for stocks such as Amazon.com, Inc. (NASDAQ:AMZN) and Twitter Inc. aren’t justified. Amazon.com, Inc. (NASDAQ:AMZN) net profit margin is 0.40% and weekly performance is -5.12%. On last trading day company shares ended up $292.24. Analysts mean target price for the company is $419.33. Amazon.com, Inc. (NASDAQ:AMZN) distance from 50-day simple moving average (SMA50) is -13.52%.
GSI shares rose nearly 51 percent on March 28, 2011, after eBay Inc (NASDAQ:EBAY) announced its $1.96 billion purchase of the King of Prussia, Pennsylvania-based company. eBay Inc (NASDAQ:EBAY) shares advanced 0.55% in last trading session and ended the day on $50.54. EBAY Gross Margin is 68.40% and its return on assets is -0.40%. eBay Inc (NASDAQ:EBAY) quarterly performance is -7.42%.
Twitter Inc. and Groupon Inc. (NASDAQ:GRPN) tumbled more than 15 per cent last week. Apple Inc. fell 0.4 per cent May 9. The iPhone maker is in advanced talks to buy headphone maker and music-streaming service Beats Electronics LLC for US$3.2 billion (RM10.3 billion), according to people with the knowledge of the discussions who didn’t want to be identified. Groupon Inc (NASDAQ:GRPN) shares moved up 6.98% in last trading session and was closed at $6.05, while trading in range of $5.60 – $6.22. Groupon Inc (NASDAQ:GRPN) year to date (YTD) performance is -48.60%.
American Express Company (NYSE:AXP) announced the winners of the Epic Everyday Getaway contest. More than 7,000 Americans submitted snapshots and selfies along with a short story describing their favorite #EveryDayMoments. American Express Company (NYSE:AXP) ended the last trading day at $88.84. Company weekly volatility is calculated as 1.69% and price to cash ratio as 4.48. American Express Company (NYSE:AXP) showed a positive weekly performance of 2.20%.
The collapse of the $35 billion merger of New York-based Omnicom Group Inc (NYSE:OMC) with France’s Publicis Groupe SA (PUB) is likely to lead the world’s biggest ad agencies to think small as they try to counter the challenge from internet giants like Google Inc. Omnicom Group Inc. (NYSE:OMC) net profit margin is 6.50% and weekly performance is 0.86%. On last trading day company shares ended up $67.66. Analysts mean target price for the company is $76.32. Omnicom Group Inc. (NYSE:OMC) distance from 50-day simple moving average (SMA50) is -4.72%.