3 Consumer Stock Stories for Friday Investment Shopping
CBS Corporation (NYSE:CBS): Current price $44.27
CBS said Thursday that it will buy an additional $1 billion of its Class B common stock back in 2013, a move which would almost double its commitment for the year. The company plans to begin the accelerated share repurchase transaction during the first quarter.
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Procter & Gamble Co. (NYSE:PG): Current price $76.58
General Mills and Procter & Gamble are utilizing their collaborations with a “crowdfunding” site to learn more about consumer-packaged goods start ups, says the Wall Street Journal. Each firm recently partnered with CircleUp Network, a San Francisco company that links consumer-goods start ups to individual investors on the Web. In addition, CircleUp is supplying trend reports to both parties regarding startups in 18 categories, among which include pet foods, beverages, snack foods and infant products.
Under Armour (NYSE:UA): Current price $49.85
On Saturday, the predominantly male jock-oriented retailer will launch a test store in Baltimore that will be seen as quite a switch from the company’s usual offerings of male sporting apparel. Shoppers will now see more colors, many more mannequins, and in general, clothing and accessories for women. The outreach to women forms part of endeavors to broaden out beyond performance apparel and hopefully to become the next Nike or Adidas.