NYSE Market News

Apple Inc. (NASDAQ:AAPL): The stock is in continuous plunge and analysts are retaining their negative ratings. However, Credit Agricole is going against the tide and raised its rating for Apple from Buy to Outperform. Apple is currently trading at $435.86, down 1.53 percent from its previous close.

Signet Jewelers Ltd. (NYSE:SIG): The company stock is currently trading at $68.18, up 7.82 percent from its previous close. Signet Jewelers is up on the news of strong fourth quarter results and touched its 52 weeks high of $69.41.

Credit Suisse Group AG (NYSE:CS): The company stock is currently trading at $26.21, down 1.47 percent from its previous close of $26.60. Credit Suisse Group announced the purchase of EMEA Wealth management unit from Morgan Stanley. The unit manages $13 billion worth of assets.

REITS or real estate investment funds generally yield high dividends and are reliable source of revenues since by law they have to distribute 90% of their taxable income to shareholders. Some of high yield funds are;

Darden Restaurants Inc. (NYSE:DRI): The stock is trading 1.35 percent higher, at $49.62. The stock is trading up after the company’s quarterly results exceeded the estimates. It reported its third quarter adjusted earnings at $1.02 per share, beating analysts’ estimates of $1.01 per share in net income.

It comes as not surprise that Nike (NYSE:NKE) is the world’s largest largest athletic clothing and shoe company.  But it was a surprise when company with the Swoop® logo announced a 55% increase in revenue year-on-year for the third quarter ending 28 February 2013. Expectations had been positive for Nike’s third lap in its annual Fiscal Relay, […]

AstraZeneca PLC (NYSE:AZN): The stock is trading up despite the news of layoffs by the company. AstraZeneca announced that it would be slashing its global headcount by 2,300 as part of its restructuring efforts. The company had earlier reported cutting 1,600 research & development positions.

FedEx Corporation (NYSE:FDX): The stock tumbled on the news of its disappointing results. FedEx missed consensus estimates as its ground revenue improved 11 percent for the third quarter. The company’s net income dropped from $521 million to $361 million. On per share basis, the company’s EPS stood at $1.13 per share. FedEx is currently trading […]

Zillow Inc. (NASDAQ:Z): The company touched its new 52 weeks high of $56.73 in the current trading session. Zillow is currently trading at $55.85, up 2.01 percent from its previous close.

U.S based Mergers and Acquisitions have been off to their fastest start in 2013 since 2000. In a market where survival is now reviving, M&A deals are seen as way forward for inorganic growth for companies which have managed to survive the economic downturn and for companies who are looking into concentrating on core businesses. […]