6 Super Hot Stocks: Sears Closing 100 Stores, MetLife Climbs 3% and Apple TV Sets in Q3 2012
Sears Holdings Corp. (NASDAQ:SHLD) is trading more than 13 percent down in early trading. The company announced between 100 and 120 stores will be closing due to poor sales. “Given our performance and the difficult economic environment, especially for big-ticket items, we intend to implement a series of actions to reduce ongoing expenses, adjust our asset base, and accelerate the transformation of our business model,” said CEO Louis D’Ambrosio. Other retailers such as Target (NYSE:TGT) and Big Lots Inc. (NYSE:BIG) are trading higher, while Wal-Mart (NYSE:WMT) is down about .23 percent.
Shares of MetLife Inc. (NYSE:MET) are climbing nearly 3 percent higher before the opening bell. The life insurer announced it will sell about $7.5 billion in bank deposits to General Electric’s (NYSE:GE) financial unit. Financial terms were not disclosed. Shares of General Electric Co. are trading down .49 percent.
Visa Inc. (NYSE:V) shares received a .39 percent boost after Goldman Sachs (NYSE:GS) reiterated its Buy rating and increased its price target to $114 per share. Competitors include other credit card companies such as MasterCard Inc. (NYSE:MA) and American Express Co. (NYSE:AXP).
Apple Inc. (NASDAQ:AAPL) is trading slightly higher after Digitimes claims Apple plans on releasing television sets in the third quarter of next year. The first models are expected to feature 32-inch and 37-inch displays. Other tech giants such as Google Inc. (NASDAQ:GOOG) and Hewlett-Packard Co. (NYSE:HPQ) traded lower in early trading.
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The Wendy’s Company (NYSE:WEN) moved higher early Tuesday after the company said it will open about 100 restaurants in Japan over the next five years. In the longer-term, the company may open nearly 700 restaurants in Japan. Other fast-service food companies such as McDonald’s Corp. (NYSE:MCD) and Yum! Brands Inc. (NYSE:YUM) traded lower on the news.
Despite 60,000 pre-orders for its Aqua hybrid car, shares of Toyota Motor Corp. (NYSE:TM) are down .73 percent Tuesday morning. On a monthly basis, the automaker expects to sell 12,000 units of the Aqua hybrid. General Motors Co. (NYSE:GM) and Ford Motor Co. (NYSE:F) are also trading nearly 1 percent lower.
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