Toyota Ups Its Sales Target, Statoil’s Big Find, and 2 More Hot Stocks
Toyota Motor Corp. (NYSE:TM): Toyota is aiming to sell 2.25 million vehicles in the United States in 2013, as strong industrywide demand and confidence over upcoming launches of the Tundra and Corolla have led the company to believe that the revised guidance is attainable. That number includes sales under the Scion and Lexus brands and is bumped up from 2.15 million vehicles. Toyota also raised its industry sales estimates to 15.5 million vehicles, up from 15.3 million.
Statoil ASA (NYSE:STO): Statoil has announced that it — along with partners including Exxon Mobil (NYSE:XOM) — has made a gas-condensate discovery in the Smorbukk North prospect at Haltenbanken, in the Norwegian Sea. The initial projected volume of the site is within 25 million to 47 million barrels of recoverable oil equivalent.
Comcast (NASDAQ:CMCSA): Comcast’s Kick-Ass 2 wasn’t able to beat its way to the top, as it and Regal Entertainment’s (NYSE:RGC) Jobs both underperformed behind The Butler. The latter pulled in an admirable $25 million haul, while Kick-Ass brought in $13.57 million in its opening weekend. Jobs, meanwhile, pulled in a rather undesirable $6.7 million.
Zillow (NASDAQ:Z): Zillow has launched a secondary offering made up of of 2.5 million shares of new stock combined with more than 2.5 million shares being offered by certain existing shareholders. The current float is 34.55 million shares. Further, Zillow is acquiring the New York City real estate website StreetEasy for $50 million in cash. The site brings in about 1.2 million monthly home shopping users in the New York area. “Simply put, StreetEasy has cracked the code in New York,” says Zillow CEO Spencer Rascoff, who has called New York City a “glaring hole” for his company.
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