Top 5 Stocks To Watch: VLKAY, BBY, MBLY, MON, And AMZN
Volkswagen AG (ADR) (OTCMKTS:VLKAY) ends dispute with CarTrim after 20 hours of negotiations. There were questions on the company’s profitability being impacted. The dispute however, impacted more than 28,000 employees at 6 of its locations out of 10 German factories.
Best Buy Co., Inc. (NYSE:BBY) reported strong numbers for the second quarter topping estimates with revenues of $8.53 billion and EPS of $0.57. The company also saw a rise in same-store sales by 0.8% against estimates of 0.4% by FactSet. “We saw continued positive momentum in our online sales – delivering a second straight quarter of nearly 24% growth,” said Chief Executive Hubert Joly.
Mobileye NV (NYSE:MBLY) and Delphi Automotive PLC (NYSE:DLPH) enter into a partnership to develop SAE Level 4/5 automated driving solution. Both the companies together are expected to invest several millions and expect the car to be ready by 2019.
Monsanto Company (NYSE:MON) shares are surging in pre-market after reports of a deal with Bayer AG (ADR)(OTCMKTS:BAYRY) being in advance stages, According to Bloomberg. Earlier, In July Monsanto Company (NYSE:MON) had rejected the offer of $125 per share stating it is too less a price.
Amazon.com, Inc. (NASDAQ:AMZN) is up in pre-market after Recode reported that the company is working on launching a two music subscription services. The cost of the subscription is expected to be as less as $5 per month for the first one while, $10 per month for the second which will exclusively work on Echo hardware. The service is expected to go live from September onwards and in initial stages.
Trina Solar Limited (ADR) (NYSE:TSL) reported revenues of $961.6 million compared to $722.9 million same time last year while, Net Income of $40.3 million was tad less against $40.9 million in the year ago period. Trina Solar Limited (ADR) (NYSE:TSL) has given a return of 24.91% in last one month.
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