4 Consumer Stock Stories to Dazzle Investment Shoppers Today
Amazon.com Inc. (NASDAQ:AMZN): Closing price $283.98
On Thursday, Amazon reported that it has debuted its first Kindle store in Mexico, providing Mexican customers with over 70,000 e-books in Spanish. The firm also said that its Kindle and Kindle Paperwhite e-readers will be available at the Gandhi bookstore chain.
Also, the new Mexico Kindle Store offers in excess of 1,500 free books in Spanish from Mexican and other Latin American authors and publishers, including works by such authors as Carlos Fuentes, Gabriel Garcia Marquez, and Isabel Allende. All told, Mexico’s Kindle store offers over 2 million titles in several languages, including Spanish. Amazon said that 1,000 of its Spanish-language e-books will be sold at special prices from 9 Mexican pesos apiece, or 68 cents.
Abercrombie & Fitch Co. (NYSE:ANF): Closing price $35.95
Zacks Equity Research has downgraded its recommendation on Abercrombie & Fitch to Underperform based on its bleak second-quarter fiscal 2013 results. Estimates for Abercrombie have been shrinking ever since it posted second-quarter figures last Thursday.
The company’s revenues along with earnings per share of $945.7 million and 16 cents was short of the Zacks Consensus Estimates of $998 million and 28 cents, respectively. The firm says that negative comparable store sales remain a major worry for Abercrombie, and its comps performance indicates a downward trend with disappointing results for the trailing 6 quarters. What is more, Abercrombie forecasts comps to fall marginally in fiscal 2013.
Honda Motor Co., Ltd. (NYSE:HMC): Closing price $36.66
It was announced Thursday that the Honda Odyssey has become the first minivan to pass the most rigorous crash tests administered by the Insurance Institute for Highway Safety. The independent nonprofit organization named the 2014 Odyssey its top safety pick after the minivan received a Good rating in a series of crash tests, including the small overlap front crash test. That test measures how well a vehicle protects passengers in a collision when some, but not all, of the front bumper collides with another vehicle or object.
United Continental Holdings Inc. (NYSE:UAL): Closing price $28.50
United Airlines on Thursday applied to the Department of Transportation for authority to commence nonstop service connecting the airline’s San Francisco hub with the Sichuan capital Chengdu, the fourth-biggest Chinese city, effective June 9, 2014. United will use the most advanced passenger airplane on the planet, the Boeing 787-8 Dreamliner, to operate three-times-weekly service to Chengdu.
Upon approval, Chengdu will be the ninth destination United serves in the Asia/Pacific region nonstop from San Francisco, from which United provides more nonstop trans-Pacific flights from the United States than any other carrier, and nearly twice as many as any airline from any West Coast city.