Firearms Stocks Up Again, Honda’s India Move: Consumer Biz Wrap
Shares of firearm companies Sturm, Ruger & Company (NYSE:RGR) and Smith & Wesson Holding Corporation (NASDAQ:SWHC) moved up again on Thursday, perhaps still affected by the election results. Technical traders believe that the movement is the beginning of a multi-month rally, but fundamental-leaning traders envision some downwards risk if the fiscal cliff issue is resolved.
Wal-Mart Stores (NYSE:WMT) says that it intends to move the launch of Black Friday specials into Thanksgiving night, at 10:00. Retail analysts opine that this might only be a instance of taking sales forward a bit, but the idea still makes economic sense. Negative headlines in regards to fights and chaos at Wal-Mart stores on that Friday might induce more shoppers to pack in Thanksgiving dinner early so as to hit its outlets instead of competitors’ stores. Besides that, they could then sleep late Friday.
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Honda Motor Co. (NYSE:HMC) intends to launch diesel models in India, says Nikkei. The company hopes to get its share of that country’s diesel-powered market back by introducing an entry-level sedan and a compact SUV over the next few years.
Under Armour (NYSE:UA) will launch its first specialty Store in Baltimore in 2013 with an 8,000 square foot showcasing of its lines of men’s, women’s, and children’s apparel. It is thought that the company is looking at other locations along the Eastern Seabord with an ultimate aim at pushing sales growth from its own retail presence, thus cutting out the big box retailers.
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