Toyota Issues a Recall, Walgreens June Sales Rise, and 3 More Hot Stocks
Toyota Motor Corp. (NYSE:TM): While the industry has been largely distracted with sales numbers, Toyota has issued a global recall for 185,000 vehicles, including the compact Yaris model due to a glitch in the electric power steering system. As a result, the steering could feel noticeably heavier, though the company reports no accidents have happened because of this glitch.
Walgreens (NYSE:WAG): The pharmacy chain reports total sales increased 2.5 percent during June, while comparable store sales were up slightly at 0.8 percent. A drop in customer traffic was offset with an average basket size that rose 3.7 percent. Percentages of Express Scripts prescriptions increased again, a positive sign after the fallout between the two companies.
Lockheed Martin Corp. (NYSE:LMT): Lockheed and Boeing Co. (NYSE:BA) are among those competing for contracts to modernize the aging F-16 fighter jets as Singapore, South Korea, and Taiwan, along with other countries, are looking to update the 35-year-old planes. Mark A. Bobbi, an defense analyst at IHS Research & Analysis Group, estimates that the modernization market may be worth $12 billion through 2022.
Royal Dutch Shell PLC (NYSE:RDSA): Shell has struck oil at its Vicksburg A exploration well in the Gulf of Mexico, a discovery which could hold potentially recoverable resources of more than 100 million barrels of oil equivalent. The discovery adds to the 500 million barrels already discovered and appraised at the Appomattox site nearby.