4 Consumer Stock Stories for Investor Shopping
General Motors Company (NYSE:GM): Closing price $28.58
GM said on Tuesday that it and its joint ventures in China sold 310,765 units during the month of January, which is up by 26 percent year-over-year from 2011. Its joint venture with Shanghai’s SAIC Motor Corp. sold 154,220 units, up 24.3 percent, while sales at its partnership with FAW Group rose by a whopping 84.5 percent to 4,490 units. What is more, the commercial vehicle manufacturer SAIC-GM-Wuling Automobile Co., which is a joint venture among General Motors, SAIC and Liuzhou Wuling Motors Co., sold 151,819 vehicles, a jump of 26.6 percent.
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Charter Communications (NASDAQ:CHTR): Closing price $81.53
There is chatter on Wall Street Tuesday that Charter is ramping up for something big in connection with a bigger company such as Cox or Time warner Cable. A more specific rumor is that Charter has frozen all budgets, including hiring, at Stamford, but the firm will not comment, other to have said Monday that it recruited a Wall Street veteran to handle mergers and acquisitions, and also hired the former Credit Suisse analyst Stefan Anninger to be vice president of investor relations.
Lions Gate Entertainment (NYSE:LGF): Closing price $18.95
Warm Bodies from Lions Gate Entertainment’s Summit Entertainment bought $20 million as it opened over the weekend, leading in ticket sales both in the United States and Canada, according to the Wall Street Journal.
The Boeing Company (NYSE:BA): Closing price $75.88
Boeing has requested permission from the Federal Aviation Administration to conduct test flights of its 787 Dreamliner, which might suggest that it is making progress towards finding a solution to the battery problems that caused regulators to ground the entire 787 fleet two weeks ago. The Seattle Times reported that the FAA might grant permission as soon as Monday night, citing knowledgeable sources, but the agency has not immediately responded to a request for comment.