4 Consumer Stock Stories to Set Off Investment Shopping This Week
Macy’s Inc. (NYSE:M): Closing price $50.36
Clear Channel’s iHeartRadio is building out its partnership with Macy’s with the debut of mstyleradio, which is a digital station for the high-end retail chain that aims at millennial shoppers with a contemporary hit radio/pop format, which features a mix of talk, music, and fashion tips. Introduced on Friday, mstyleradio will be aired live in over 700 Mstylelab Juniors’ and Young Men’s departments at Macy’s stores throughout the United States. It is also available on iHeartRadio.com and the iHeartRadio mobile app. Besides that, the station may be embedded as a widget on social media sites.
Discovery Communications Inc. (NASDAQ: DISCA): Closing price $85.28
Discovery is finally launching TV Everywhere content, reporting a deal Monday with Time Warner Cable that includes “authenticated access to Discovery content in the near future.” Discovery Chief Executive David Zaslav told analysts on October 31 that his company was close to signing its first carriage deals that included access to multiplatform content. Zaslav observed on Discovery’s third-quarter earnings call that, “What will most likely happen, because we’re supportive of TV Everywhere, is as we do renewals in the future, if we get the right value, we’ll do it.”
Toyota Motor Corp. (NYSE:TM): Closing price $127.66
Executive Vice President, Lexus International Mark Templin said Monday that Lexus will achieve a global sales record in 2013, while unveiling the close-to-production prototype of the luxury brand’s RC sporty coupe. Templin predicted that world sales would “finish on the north side of 520,000,” bettering Lexus’ all time high of 518,300 units in 2007, and also that Lexus’ volume should quickly expand in the next couple of years as demand in the United States recovers and the brand adds product.
The Washington Post Co. (NYSE:WPO): Closing price $644.19
The Washington Post said Monday that it will change its name to Graham Holdings Co., effective November 29. The company’s new ticker symbol will be GHC, also effective the same day. These changes come from the firm’s agreement with Jeff Bezos following the sale of the Washington Post newspaper and other publishing businesses, which closed on October 1.