Wal-Mart Backs Off Indian Expansion, Tesla’s Hometown Success, and 3 More Hot Stocks
Wal-Mart Stores (NYSE:WMT): The retail powerhouse has “stopped expanding” in India despite the fact that it and its joint venture partner, Bharti Enterprises, “had started to do reasonably well,” a retail analyst reported to the Financial Times. The Indian government is weighing whether the $100 million convertible debenture investment in Bharti Retail’s parent, Cedar Support Services, amounted to an illegal foreign direct investment in supermarkets.
Tesla Motors (NASDAQ:TSLA): The California New Car Dealers Association has released a report that shows Tesla’s Model S sedan is beating out its luxury brethren. It’s ranked ahead of the Lexus GS and Audi A6 with 4,714 registrations through the first six months of the year and has taken a 12 percent slice of the California luxury vehicle market.
Comcast Corp. (NASDAQ:CMCSA): The Wall Street Journal is making the case that Comcast’s purchase of NBCUniversal is showing some mixed results: “The Voice” has done well but “Today” lost its 15-year position as the leading morning program to ABC’s “Good Morning America.” Overall, NBC is now rated third among the major networks.
SodaStream International (NASDAQ:SODA): Shares are up nearly 4 percent and hitting 10-week highs. Seeking Alpha contributor David White thinks the shares can be fairly tagged as a reasonably priced growth stock, and he believes that there isn’t a very substantial argument that the company won’t meet its growth projections, with several catalysts and drivers in the mix.
ConAgra Foods (NYSE:CAG): ConAgra has recalled some of its Kroger-branded cookie dough packages due to a risk to customers with peanut allergies. The company revealed that it is working in cooperation with the Food and Drug Administration on the issue while the supermarket chain is asking its customers to check their refrigerators and freezers for recalled Kroger Break ‘N Bake 16 oz. chocolate chip cookie dough packages with a “use by” date of November 24, 2013.