Apple’s Chinese Tablet Share Slides, Toyota to Open Lexus Stores, and 3 More Hot Stocks
Apple Inc. (NASDAQ:AAPL): IDC estimates show that Apple’s iPad market share in China has fallen to 28 percent of the computer tablet market in the second quarter from a lofty 49 percent last year. The growth of cheaper devices running Google’s Android played a significant role in the decline even as shipments of the iPad rose to 1.48 million units from 1.15 million units.
Toyota Motor Corp. (NYSE:TM): In efforts to further strength its luxury Lexus brand, Toyota will be opening up stores that will offer consumers various goods including coffee cups glazed with volcanic ash and Italian leather bags to help boost the nameplate’s brand image globally, Bloomberg reprots. The first location will be in Tokyo, with New York and Dubai soon to follow. The store will provide consumers the Lexus experience “without getting behind a steering wheel,” according to Toyota.
Best Buy Co. (NYSE:BBY): Best Buy has declared a 17 cents per share quarterly dividend, in line with its previous dividend. It has a forward yield of 1.95 percent and is payable October 1 for shareholders of record on September 10. It has an ex-dividend date of September 6.
Herbalife Ltd. (NYSE:HLF): Though Bill Ackman didn’t have very nice things to say about Herbalife, shares are still rising on a bullish note from Argus and news that Perry Capital has taken a stake in the firm. ”There are two principal ways for our short thesis on Herbalife to work,” Ackman wrote in Pershing Square’s second-quarter letter. The first way, he says, is “regulatory intervention”; the second, a “deterioration in the company’s ability to recruit new victims.”
American Eagle Outfitters Inc. (NYSE:AEO): American Eagle shares are down nearly 10 percent in the wake of its quarterly report despite seeing in-line earnings and a revenue beat. However, comparable store sales fell 7 percent during the period as the retailer faced a “highly promotional” environment. Weak guidance from the company is riding on heightened promotional activity, which could raise some fears on the critical holiday season, Seeking Alpha said.