Time Warner’s Magazine Sales SINK and 4 Stocks Hitting 52-Week Highs
Seagate Technology. (NASDAQ:STX): Toshiba Corporation (TOSBF) will invest between ¥15 billion and ¥18 billion to upgrade capacity at its two plants in the Philippines and also at a Japanese subcontractor’s production unit in China, as it attempts to boost its hard-drive output by 35 percent by the end of fiscal year 2014, according to the Nikkei. Shares closed up 0.18 percent on the day at $32.65, and have traded in a 52-week range of $9.05 to $33.10.
Time Warner Incorporated’s (NYSE:TWX) flagship magazine, Time, saw its newsstand sales plummet by 31 percent during the first half of 2012, while newsstand sales of People magazine fell by 18.6 percent over the same period, says The New York Times. On the other hand, sales of Meredith Corporation’s (NYSE:MDP) Family Circle magazine increased by single digits. Shares closed up 0.88 percent on the day at $42.31, having been traded in a 52-week range of $27.62 to $41.97.
Vodafone Group Plc (NASDAQ:VOD) is among communications firms that executed moves that gave some relief to Deutsche Telekom’s (DTEGY) T-Mobile USA by reducing handset subsidies to increase profitability, according to Bloomberg. T-Mobile USA has lost subscribers over the past year as it cut handset subsidies to increase profitability, but moves by Verizon Wireless (VZ, VOD) and AT&T (NYSE:T) to do the same are providing some relief for T-Mobile. Shares closed up 0.91 percent on the day at $30.07, and have traded in a 52-week range of $24.31 to $29.85.
Viewpoint Financial Group (NASDAQ:VPFG) was named by by PIMCO’s Kashkari as a top stock pick. Shares closed up 0.61 percent on the day at $18.29, and have traded in a 52-week range between $10.72 to $18.25.
Exxon Mobil Corp. (NYSE:XOM): The United States government plans to urge such donors as China and the Arab states to help with the $3 billion bill that accrued subsequent to Sudan and South Sudan reaching an accord over the weekend on an agreement that puts them back on the path towards peace, and potentially frees up oil production in the region, mediators and diplomats said to the Financial Times. Shares closed up 0.41 percent on the day at $88.28, having been traded in a 52-week range of $67.46 to $88.00.
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