Wal-Mart Pressures India, Covidien’s Kendall Shows Strong Results, and 3 More Hot Stocks
Wal-Mart (NYSE:WMT): The American giant and fellow retail titan Tesco (TSCDF.PK) are taking action in India on whether or not the government will reverse a policy that will allow foreign investments in retail businesses in the nation. Politics have been holding back substantial foreign investment in the populous country, which would be a tremendous opportunity for the retailers.
Covidien plc (NYSE:COV): The company’s Kendall SCD system has helped reduce the development of deep vein thrombosis in immobile stroke patients by 29.9 percent, according to an independent study of 2,876 participants. Additionally, Kendall also reduced the risk of death by 14 percent in the six months following an attack. The device works by squeezing the patient’s leg gently to increase blood flow, and help prevent deep vein thromboses — blood clots that form in the legs, and can travel to the lungs, resulting in death.
3D Systems Corp. (NYSE:DDD): Shares are down after Stratasys (NASDAQ:SSYS) announces that it is buying desktop 3D printer vendor MakerBot, which competes against 3D’s Cube line of 3D printing units. While MakerBot’s Replicator 2 goes for $2,200 (substantially less than Statasys’ cheapest $10,000 unit), 3D notes that Cube pricing could eventually fall well below $1,000.
Barnes & Noble (NYSE:BKS): With its fourth quarter results pending, shares slide to the lowest levels seen in a month, as analyst sentiments don’t favor the company. Barclays isn’t holding its breath on a turnaround story, as it believes that comparable store sales at retail outlets lost about 10 percent during the quarter, riding on weak Nook sales.
Navistar International Corporation (NYSE:NAV): The market is having a down day on its own, but a 7,700 unit recall on its trucks isn’t helping Navistar’s shares brave the storm. The 2013 year model International ProStar and TransStar trucks apparently have brake issues that could cause them not to operate, due to brake S-Cam tube bracket assemblies on the steer axles that could fracture.
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