Comcast’s OLYMPIC Strategy and 4 Buzzing Stocks to Know Friday
Comcast’s (NASDAQ:CMCSA) NBC plans to aggressively promote its 16 new TV shows, set to open in the fall, during the Summer Olympic Games and maybe improve its ranking within the major broadcasters; however, it may need to tread carefully and ensure the campaign does not put off viewers or take away from opportunities to sell slots to advertisers.
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KB Homes (NYSE:KBH) may be doing the right things judging from its results: home deliveries were higher by 2 percent y-on-y; average selling prices up 9 percent y-on-y with the West Coast being the major contributor (+33 percent) while Central dragged (-8 percent); order backlogs were higher at 2,962 homes compared to 2,422 homes; though net orders climbed 3 percent y-on-y, valuations rose 18 percent.
Clean Energy Fuels (NASDAQ:CLNE) may be accelerating the conversion of the country’s trucking industry to natural gas – according to recent news the company is now providing natural gas fuel to more trucking fleets, some of which are carriers for prominent brands.
Shares of Lexicon Pharma (NASDAQ:LXRX) get a boost as the company publishes the results of studies of its LX4211 oral drug for type 2 diabetes in Clinical Pharmacology & Therapeutics, which follows up on previous results released this week and were positive.
According to General Electric (NYSE:GE) officials, a contractor’s employee was killed during maintenance operations at GE Energy’s Pittsburgh Servicing Center in West Mifflin, about five miles east of the city. Details of the accident have not yet been released.
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