Market Overview

Updates- GrouponLive, Softbank, Volkswagen, Wal-Mart, Toshiba, AAPL, GOOG, LYV, WMT, DYN, MCD, UAL

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According to the BrandZ Top 100 ranking, Apple Inc., (NASDAQ:AAPL), designs, manufactures and markets a range of personal computers has overtaken Google Inc. (NASDAQ:GOOG) as the world's most valuable brand. Apple with a stock market capitalization of $319.4 billion, compared with Google's $172.4 billion. Apple Inc is trading at a price of $346.66,a dramatic change of -0.09 with % change of -0.03 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 319.37B.

Google is trading at a price of $535.30,a dramatic change of +1.03 with % change of 0.19 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 3172.11B.

Volkswagen AG (ETR:VOW) said it had increased its shareholding in German truck maker MAN SE to 30.47% from 29.9%, and it would launch a mandatory takeover offer for MAN SE includes its Scania AB brand. Volkswagen is trading at a price of $117.80,a dramatic change of -1.90 with % change of -1.59 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 54.80B.

Japan Based Softbank Corp. (PINK:SFTBF) engaged in the telecommunications and Internet business is trading at a price of $40.99 posted a record operating profit for the sixth-straight fiscal year.

To reduce its sole dependence on the home market, Tata Motors Ltd. (NYSE:TTM) has started exporting the world's cheapest car TATA Nano from April, exported 498 units of the Nano in the past month. Tata Motors is trading at a price of $26.26,a dramatic change of +0.89 with % change of 3.51 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 16.62B.

Live Nation Entertainment Inc. (NYSE:LYV) is trading at a price of $10.75 and the daily-deal website Groupon plan to launch online ticketing deals in time for the summer-concert season called “GrouponLive”. GrouponLive will serve as a local resource for Live Nation events and clients of its global ticketing business, Ticketmaster. The site will be a groundbreaking resource for consumers to find high-value tickets to concerts, sports, theater, arts and other live events, while serving as a timely and effective way for merchants to sell more tickets.

World's largest retailer Wal-Mart Stores Inc. (NYSE:WMT) acquisition of African Massmart Holdings Ltd. could cause thousands of job losses. Wal-Mart is trading at a price of $55.02,a dramatic change of -0.05 with % change of -0.09 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 192.09B.

Toshiba Corp. (TYO:6502) net profit for the last three months through March doubled from a year earlier, but the its earnings in the fiscal fourth quarter were somewhat constrained. Toshiba Corp. is trading at a price of $435.00,a dramatic change of -6.00 with % change of -1.36 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 1.84T.

Dabur India (BOM:500096) is planning to spend $672 million to buy firms and brands with large or small acquisitions. Dabur India is trading at a price of $102.30,a dramatic change of +0.20 with % change of 0.20 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 178.08B.

Dynegy Inc. (NYSE:DYN) first-quarter loss of $77 million, or 64 cents a share, from net income of $145 million, or $1.20 a share, last year and revenue dropped to $505 million, from $858 million. Dynegy Inc. Dynegy is trading at a price of $6.41,a dramatic change of +0.19 with % change of 3.05 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 774.93M.

Goldman Sachs Group Inc. (GS) upgraded shares of E TRADE Financial Corporation (NASDAQ:ETFC) to buy from neutral and cut its rival TD Ameritrade Holding Corp. (NASDAQ:AMTD) to neutral from buy.

McDonald's Corporation (NYSE:MCD) sales at all restaurants worldwide for at least 13 months, rose 6%. Sales in the U.S. rose 4%; up 6.5% in Europe; and climbed also 6.5% in Asia, Middle East and Africa. McDonald's is trading at a price of $78.70. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 81.67B.

United Continental Holdings INC (NASDAQ:UAL), formerly UAL Corporation, announced its total April traffic rose 1.1% to more than 17 billion revenue passenger miles from 16.83 billion revenue passenger miles a year ago, is trading at a price of $25.65.

Analysts Upgrade:

Goldman Sachs (NYSE: GS) upgraded shares of Diamond Foods (NASDAQ: DMND) to a “buy” rating, downgraded shares of Alliance Data Systems Co. (NYSE: ADS) from a “neutral” rating to a “sell” rating and upgraded shares of Electrolux AB (NASDAQ: ELUXY) from a “sell” rating to a “neutral” rating. Credit Suisse (NYSE: CS) upgraded shares of PepsiCo, Inc. (NYSE: PEP) to an “outperform” rating. Cantor Fitzgerald downgraded shares of Chimera Investment Co. (NYSE: CIM) from a “buy” rating to a “hold” rating. Caris & Company downgraded shares of The Gap Inc. (NYSE: GPS) from a “buy” rating to an “above average” rating. Feltl & Co. upgraded shares of The Andersons, Inc. (NASDAQ: ANDE) from a “strong buy” rating to a “buy” rating. Morgan Stanley (NYSE: MS) upgraded shares of Citigroup (NYSE: C) from a “neutral” rating to an “overweight” rating. Keefe, Bruyette & Woods, Inc upgraded shares of The Macerich Company (NYSE: MAC) from a “market perform” rating to an “outperform” rating. HSBC (NYSE: HBC) downgraded shares of Bancolombia S.A. (NYSE: CIB) from a “neutral” rating to an “underweight” rating. BGB Securities upgraded shares of Genpact Limited (NYSE: G) from a “sell” rating to a “hold” rating. TD Newcrest downgraded shares of Minefinders Corp. Ltd. (NYSE: MFN) from a “hold” rating to a “reduce” rating.

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Zacks Investment Research downgraded shares of TC PipeLines (NASDAQ: TCLP) from an “outperform” rating to a “neutral” rating. Canaccord Genuity downgraded shares of Dolby Labs (NYSE: DLB) from a “buy” rating to a “hold” rating.Needham & Company upgraded shares of Targacept Inc. (NASDAQ: TRGT) from a “buy” rating to a “strong buy” rating.First Analysis upgraded shares of FMC Corp. (NYSE: FMC) to an “overweight” rating.Bank of America Merrill Lynch downgraded shares of Spirit AeroSystems Holdings, Inc. (NYSE: SPR) from a “buy” rating. Equities research analysts at Goldman Sachs (NYSE: GS) upgraded shares of Total System Services, Inc. (NYSE: TSS) from a “sell” rating to a “buy” rating. Stifel Nicolaus downgraded shares of Fifth Street Finance (NYSE: FSC) from a “buy” rating to a “hold” rating.Robert W. Baird upgraded shares of Sally Beauty Holdings Inc (NYSE: SBH) from a “neutral” rating to an “outperform” rating.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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