4 Consumer Stock Stories To Astonish and Amuse On Thursday
General Motors Co. (NYSE:GM): Closing price $37.07
The 2014 Chevrolet Impala has been named the highest-scoring sedan by Consumer Reports ratings, according to its most recent road tests. Among all automobiles, its 95-point score is just short of the Tesla Model S ultra-luxury hatchback (99) and the BMW 1 Series coupe (97), but no other domestic car has topped the sedan’s ratings since the publication began tracking scores in that fashion more than 20 years ago. Consumer Reports engineers discovered that the Impala rides like a luxury sedan, has a “cushy and controlled demeanor,” and provides “surprisingly agile handling, capable acceleration, and excellent braking.”
Oshkosh Corp. (NYSE:OSK): Closing price $40.84
Oshkosh Corp.’s Oshkosh Defense reconfirmed its support for Canadian tactical vehicle modernization programs, when it reported its intent to respond to the Medium Support Vehicle System Standard Military Pattern request for proposal. The Oshkosh division will propose a solution that leverages the firm’s mission-proven vehicle platforms, advanced automotive and safety technologies, and life-cycle sustainment solutions, so as to offer the overall best value to the Canadian Government.
Best Buy Co. Inc. (NYSE:BBY): Closing price $29.93
The electronics giant has named a new leader to oversee its tech services unit, best known as the Geek Squad. Best Buy appointed Chris Askew as president of services, according to a company spokeswoman on Thursday. Askew started his new position on July 15. Most recently, Askew served as a senior vice president at NCR Services, a technology firm based in Georgia, that reported $5.7 billion in 2012 revenue. Askew reports directly to Chief Executive Hubert Joly, who took over as CEO in September.
Amazon.com, Inc. (NASDAQ:AMZN): Closing price $303.40
On Thursday, Amazon announced financial results for its second quarter. Operating cash flow increased by 41 percent to $4.53 billion for the trailing twelve months, versus $3.22 billion for the trailing twelve months year-over-year. Free cash flow fell by 76 percent to $265 million for the trailing twelve months, compared with $1.10 billion for the same period in 2012. Free cash flow for the trailing twelve months ended June 30 includes fourth quarter 2012 cash outflows of $1.4 billion, for purchases of corporate office space and property in Seattle.
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