Apple Inc (NASDAQ:AAPL) the consumer technology giant, is making its most expensive acquisition to date by purchasing Beats Electronics. Beats, which is best-known for its high quality headphones and speakers, was co-founded by hip hop artist and producer Dr. Dre, and chairman of IGA Records Jimmy Iovine in 2008. The news of their company’s sale has, therefore, had an impact beyond just the tech world – in the music industry, the deal has confirmed Dr. Dre’s status as the world’s wealthiest rapper, with an estimated net worth of $780 million. Apple Inc. (NASDAQ:AAPL) net profit margin is 21.40% and weekly performance is 1.90%. On last trading day company shares ended up $637.54. Analysts mean target price for the company is $642.43. Apple Inc. (NASDAQ:AAPL) distance from 50-day simple moving average (SMA50) is 12.54%.
Pandora Media Inc (NYSE:P) shares fell more than 3% in premarket trade Wednesday, as the company released its final monthly metrics for May. The online radio service said listener hours rose 28% to 1.73 billion in the month. The company’s share of total U.S.radio listening was 9.13%, up from 7.29% a year ago. It said it had 77 million active listeners in May, up 9% from 70.8 million a year ago. The company said in March it would discontinue providing a monthly update on its listener numbers, although it will continue to provide such updates on a quarterly basis. Pandora Media Inc (NYSE:P) shares advanced 0.98% in last trading session and ended the day on $24.61. Gross Margin is 42.10% and its return on assets is -11.80%. Pandora Media Inc (NYSE:P) quarterly performance is -37.17%.
Zacks Rank #1(Strong Buy) on JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), Many investors appear to be quite bearish on JA Solar Holdings Co., Ltd. (JASO), especially if you look at the percentage of the float that is sold short for this stock. Currently, 87.84% of the float is sold short, suggesting an extreme level of bearishness for JASO, according to Zack JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) shares moved down -1.89% in last trading session and was closed at $9.88, while trading in range of $9.73- $10.06. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) year to date (YTD) performance is 7.74%.
SunPower Corporation (NASDAQ:SPWR) has been selected by NV Energy to build a 19-megawatt (DC) solar photovoltaic power system at Nellis Air Force Base in Nevada. The system is expected to be constructed next year, contingent on contract approval by Nevada’s Public Utilities Commission. It will be the second major solar installation located at the military facility – SunPower completed a 14-megawatt (DC) solar power system at the base in 2007. SunPower Corporation (NASDAQ:SPWR) ended the last trading day at $32.01. Company weekly volatility is calculated as 4.21% and price to cash ratio as 5.54. SunPower Corporation (NASDAQ:SPWR) showed a negative weekly performance of -1.20%.
Canadian Pacific Railway Limited (USA) (NYSE:CP) has been given an average rating of “Buy” by the twenty analysts that are presently covering the stock, Analyst Ratings News reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$167.88. Canadian Pacific Railway Limited (USA) (NYSE:CP) net profit margin is 14.70% and weekly performance is 2.97%. On last trading day company shares ended up $171.46. Analysts mean target price for the company is $181.35. Canadian Pacific Railway Limited (USA) (NYSE:CP) distance from 50-day simple moving average (SMA50) is 10.36%.
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