4 Consumer Stocks Stories to Kick Off the Investment Shopping Week
McDonald’s Corp. (NYSE:MCD): Closing price $96.20
Earlier in September, McDonald’s tried its hand with mobile payments, and now it is launching an electronic loyalty program at around 570 domestic locations as it attempts to lure younger customers. The mobile solutions marketer Front Flip LLC has debuted a loyalty application in about 420 McDonald’s stores that rewards customers with free food and other items. In an emailed statement, Front Flip founder and CEO Sean Beckner said to Bloomberg the company is adding another 150 locations in the coming weeks.
Toyota Motor Corp. (NYSE:TM): Closing price $128.05
In comments made Monday at the Economic Club of Washington, D.C., Toyota Chairman Takeshi Uchiyamada answered why his company is placing all its chips on hybrids and hydrogen fuel cells and leaving electric vehicles to its rivals. According to The Wall Street Journal, he said, “The reason why Toyota doesn’t introduce any major [all-electric product] is because we do not believe there is a market to accept it.”
JetBlue Airways Corp. (NASDAQ:JBLU): Closing price $6.66
Even though the single-class carrier built its brand partly on the concept of treating all its passengers equally, it will introduce a new premium class next summer. The new premium section, ”Mint,” will be available only on flights between New York and San Francisco and New York and Los Angeles; they will include lie-flat seats, a tapas-style menu, and amenity kits. The first flight with the premium deal will take off from JFK International to Los Angeles International Airport on June 15.
Amazon.com Inc. (NASDAQ:AMZN): Closing price $312.64
After being waylaid by labor disputes in Germany, Amazon is mulling five new logistics centers in the Czech Republic and Poland, according to the Polish business daily Puls Biznesu on Monday. This comes after several hundred employees from its German centers went on a stoppage after the company would not bring pay in line with comparable work in the distribution sector. The new centers, which would carry lower labor costs, would each measure around 100,000 square meters and cost between $70 million to $80 million, according to the publication’s sources.