4 Consumer Stock Stories Not to be Missed
Wal-Mart Stores (NYSE:WMT): Current price $70.12
A number of Wal-Mart executives have been summoned to appear in February before an Indian agency that is looking into claims that the retailer violated the country’s foreign-investment rules, according to a senior official on Tuesday, who added that “There are some issues” in the firm’s response to the questions given in the notice, and “We want to go into details.”
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J.C. Penney & Co. (NYSE:JCP): Current price $20.74
Perhaps due to its legal battle with Macy’s (NYSE:M), JC Penney will leave Martha Stewart off of a large portion of its upcoming line of decor and housewares, said inside sources to The New York Post, who reported that key categories like bedding and linens will be mostly free of the Martha Stewart label. Her name will be visible on some products, but will be spotty in the crucial kitchenware category.
CBS Corporation (NYSE:CBS): Current price $42.13
Chief Executive Les Moonves of CBS comments on the record $4 million (each) that Super Bowl sponsors are planning to shell out next month for 30-second spots on the Internet: “That is absolutely a factor in the cost of the ads. The advertisers expect they’ll get a nice bump online, so it’s well worth the increase.” The sponsors hope that viewers of the most-watched domestic TV event will turn their ads into Internet hits.
The Boeing Company (NYSE:BA): Current price $73.15
As early as March 2012, Airbus warned in a presentation to the airline industry of risks connected with lithium batteries, which was quite a while prior to two safety incidents grounding 787 Dreamliners built by Boeing, according to Reuters.
Don’t Miss: Boeing Gets a Helping Hand from Elon Musk.