4 Top Consumer Stock Stories for Your Weekend Investment Research
General Motors (NYSE:GM): Closing price $28.53
The Association of European Businesses said Friday that car sales in Russia jumped 5 percent year-on-year in January, mostly due to shorter delivery times and better price offers. However, the Association forecasts that 2.95 million cars will be sold there this year, a figure which would duplicate the previous year’s 2.94 million, while driver stem spending due to economic troubles in Europe. GM, Ford, and other Western automakers have invested heavily in Russia to exploit a market that might overtake Germany as Europe’s largest sometime in this decade.
Delta Air Lines (NYSE:DAL): Closing price $14.60
Delta Air Lines and Starwood Hotels have formed a comprehensive new partnership offering an exclusive new benefits program, Crossover Rewards, to Delta SkyMiles Medallion members and Starwood Preferred Guest elite members. The program starts March 1st and bestows elite members of both loyalty programs with reciprocal benefits.
Anheuser-Busch InBev (NYSE:BUD): Closing price $85.74
The brewer’s Bud Light Platinum brand is getting a huge celebrity boost, as Justin Timberlake has been recruited to be the Creative Director at Bud Light Platinum. In his new position, Timberlake will provide creative, musical and cultural draws for the brand. InBev said that the superstar’s partnership will be launched during Sunday’s Grammy Awards when Timberlake will appear in a new 60-second Bud Light Platinum ad, “Platinum Night.” The ad will feature his new single “Suit & Tie.” Financial terms of the deal were not disclosed.
Starbucks Corporation (NASDAQ:SBUX): Closing price $56.37
Starbucks reports the renewal of its unsecured revolving credit facility which increases its borrowing capacity from $500 million to $750 million. The facility matures February 5, 2018 and replaces the current one which was scheduled to mature on November 17, 2014. Money borrowed via the agreement will complement the firm’s strong operational cash flow and might be used for general corporate purposes including working capital, capital expenditures, share repurchases and potential growth opportunities.