Investors Eye Chevron’s $21 Billion Cash Pile and 3 HOT Stocks to Watch
According to Engadget, RadioShack (NYSE:RSH) is likely to launch a no-contract wireless plan on September 5. The plan includes both fixed and pay-as-you-go services and smartphone users will pay a monthly $50 in the U.S. for unlimited text messages and minutes, or alternatively, go for a $60 plan that caps data at 2.5GB.
Disney (NYSE:DIS) CEO Robert Iger claims in an interview with the WSJ that the hugely successful The Avengers and ESPN were no seasonal or flash-in-the-pan offerings and resulted instead from smart investments made by the company. Other factors that could keep Disney’s revenues on a roll were new cruise liners, Avenger sequels and a $4.4 billion entertainment complex in Shanghai.
According to analysts Stifel Nicolaus, Nike’s (NYSE:NKE) back-to-school season may be doing very well as various new products are proving popular. The record $300 pricing for the new Lebron X product may be a pointer towards better realizations in the quarter’s sales, particularly if new price points are established without affecting demand.
Investors and analysts eye Chevron’s (NYSE:CVX) $21B cash pile, and look forward to buybacks, higher dividends and acquisitions, with Chesapeake (NYSE:CHK) and Hess being cited as likely candidates. Chevron says the cash is a reserve as it executes massive projects costing billions of dollars.
Don’t Miss: Should These Companies Pay MORE Taxes?