Consumer Stocks Investors are Trading Heavily: Tiffany, GM, AMR, Disney, Google
Tiffany (NYSE:TIF) dives despite an earnings beat as Q4 EPS guidance of $1.48-$1.58 was a little light against expectations. The company noted weakness as well in the eastern part of the U.S. in addition to obvious slowing in Europe.
General Motors (NYSE:GM) remains in crisis-control mode with its Chevrolet Volt capturing the attention of safety regulators and industry insider Jon Harmon sees the safety issue creating a tipping point for the electric car industry: “This could cast a pall over whether customers will trust one of their vehicles to be electric. A crisis like this can have a big impact on eroding confidence in the new technology.”
Investing Insights: Here Are 8 Stocks Affected by the NBA Lockout Deal.
American Airlines (NYSE:AMR) new tall order for new aircraft won over the summer by Boeing (NYSE:BA) and Airbus (EADSY.PK) could still fly despite the carrier’s bankruptcy filing, according to RBC Capital’s Robert Stallard.
Google (NASDAQ:GOOG), Visa (NYSE:V), Mastercard (NYSE:MA) and others are delving deeper into mobile payments, but while it will cost billions to deploy, it doesn’t yet significantly improve on the trusty old credit card. Instead, bankers are betting on the next generation of the tech, which could, for example, let shoppers pay without going to the cash register.
Disney (NYSE:DIS) plans to sell bonds again this year after selling issues for $1.85B in August and another $500M in May. The company will sell 3-year and 30-year maturities for at least $500M a pop, according to one insider.