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Sunday 31 May 2015
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Why These Stocks Hot? Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), Hilton Worldwide Holdings (NYSE:HLT), Yelp (NYSE:YELP), American Express Company (NYSE:AXP)

On Wednesday, Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), gained 0.92% to $9.85, as the Brazil-based state-run oil company continues to rise from Tuesday’s session.

Petrobras is preparing to offer debt notes in Brazil’s domestic markets in an attempt to raise funds needed to pay for already-contracted investment outlays this year and to refinance some of the $170 billion it owes banks, suppliers, and investors, Reuters stated.

Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.

Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT), declined -1.09% to $29.11, during its last trading session.

Hilton Worldwide, declared an initial three-year commitment with World Wildlife Fund (WWF) to reduce its impact on the environment. As Hilton’s signature environmental partner, WWF will work with the company to evolve its global business practices. The partnership also will further WWF’s mission to protect and conserve the Earth’s life-supporting resources by making the hospitality industry more sustainable.

Hilton Worldwide properties around the world already contribute to the company’s waste reduction and water conservation targets through thousands of on-property projects. The partnership with WWF builds on existing efforts in these areas and leverages the company’s initial work on sustainable seafood.

Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under 12 brand names, counting Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

At the end of Wednesday’s trade, Shares of Yelp Inc. (NYSE:YELP), lost -2.03% to $47.84.

Yelp, declared that administration will be attending the following investor conferences.

  • Wednesday, May 27, 2015 at 10:15 a.m. EDT – Cowen and Company Technology, Media & Telecom Conference in New York, NY
  • Wednesday, June 3, 2015 at 9:15 a.m. PDT – Bank of America Merrill Lynch Global Technology Conference in San Francisco, CA

Yelp Inc. operates a platform that connects people with local businesses in the United States. Its platform covers various local business categories, counting restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others categories.

Finally, American Express Company (NYSE:AXP), ended its last trade with 0.99% gain, and closed at $79.86, after the credit card company declared that its board authorized a new stock buyback program and hiked its dividend payout.

The company’s stock rose in after-hours trading yesterday after the company declared its plans to purchase up to 150 million shares of its stock, replacing a former share buyback plan that was 45 million shares away from completion.

American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services.

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