5 Dow Consumer Stock Stars Lifting Spirits to All Time Highs This Week
The Walt Disney Company (NYSE:DIS): Current price $57.39
On Friday, Disney plans to release its prequel to The Wizard of Oz, according to The New York Times, which revealed that the movie cost around $325 million to make, is “at turns goofy and dark,” and is not a musical.
Wal-Mart Stores (NYSE:WMT): Current price $73.03
“Brick-and-mortar” stores like Wal-Mart should benefit from Google’s (NASDAQ:GOOG) coming same-day delivery service to be called ”Google Shopping Express,” says TechCrunch, which believes that the service will be $10 to $15 cheaper than Amazon (NASDAQ:AMZN) Prime. Other retailers that could be served by Google’s new enterprise might be Target Corporation (NYSE:TGT), Walgreen (NYSE:WAG), and Safeway (NYSE:SWY). Meanwhile, the service will also compete with eBay’s (NASDAQ:EBAY) Now.
On Thursday, Wal-Mart will introduce a line of more than 200 products from small, women-owned businesses on the “Empowering Women Together” section of Walmart.com, so as to position itself as a leader in women’s economic empowerment, says Reuters.
The Home Depot (NYSE:HD): Current price $71.37
Inside sources relate that private equity owners are getting ready to take public the industrial distribution company HD Supply, six years after buying it from Home Depot at a price of $8.5 billion, according to Reuters. The Carlyle Group (NYSE:CG), Bain Capital, and Clayton, Dubilier & Rice, jointly led the acquisition in 2007, and now plan to interview investment banks next week to choose underwriters for the proposed IPO.
PayOne has brought a patent infringement lawsuit against The Home Depot in the Northern District of California. The plaintiff asserts that The Home Depot retail store deployment and use of PayPal’s in-store checkout infringes on several PayOne patents, among which includes the use of a mobile phone number and a PIN to complete the checkout process and payment at the point of sale. The complaint seeks unspecified damages and a court-ordered injunction against future infringement by The Home Depot.
Don’t Miss: Is This The Golden Age of Corporate Profits?
The Coca-Cola Company (NYSE:KO): Current price $39.22
A lawsuit claiming that the Coca-Cola Company falsely advertised that its orange juice products are natural is not barred by federal law and can go forward with limited discovery, according to a federal judge in Missouri. Chief United States District Judge Fernando J. Gaitan, Jr. denied Coca-Cola’s motion to throw out the complaint, which includes 13 cases connected to Simply Orange Juice, Minute Maid Pure Squeezed, and Minute Maid Premium. Coca-Cola, the world’s largest beverage company, must now continue to defend itself against allegations that its juice products are not natural, rendering false such adverting claims as “100 percent pure squeezed,” “never from concentrate” and “100 percent orange juice.”
McDonald’s Corporation (NYSE:MCD): Current price $98.71
The company reported that domestic comparable sales fell by 3.3 percent last month. European comparable sales decreased by 0.5 percent, but increased 2.7 percent excluding the segment’s calendar shift. Asia/Pacific, Middle East and Africa comparable sales fell by 1.6 percent but up 1.5 percent excluding the segment’s calendar shift.
Investing Insights: Where Will Qualcomm Go Next?