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Consumer Shares Mixed in Pre-Market Session

Strategic Insights

— 2 min read

In today's pre-market session, consumer shares are generally mixed, while shares of News Corporation (NWSA) are down 4.09% as the FBI begins to probe whether the company's employees tried to hack into the phones of 9/11 victims. In other consumer news, General Electric (GE) and Lowe's (LOW) announced a partnership to offer consumers the GE WattStation Wall Mount Electric Vehicle (EV) Charging Station, which can fully charge an electric car in four to eight hours. Lowe's will introduce the GE WattStation at five stores in California in August and increase availability to 60 total stores in September.

Key Takeaways:

  • Consumer shares are mixed in today's pre-market session, with shares of NWSA down 4.09% due to the FBI probe.
  • News Corporation's employees are being investigated for allegedly hacking into the phones of 9/11 victims, with the company's board expected to decide whether James Murdoch should stand down as its chairman by the end of the week.
  • GE and Lowe's announced a partnership to offer the GE WattStation Wall Mount EV Charging Station, which can fully charge an electric car in four to eight hours.
  • Lowe's will introduce the GE WattStation at five stores in California in August and increase availability to 60 total stores in September.
  • The GE WattStation operates on a 208-240VAC circuit and is designed to work within the EV ecosystem.
  • Temple-Inland (TIN) is up 0.45% to $31.57 after advising its shareholders to reject a $3.3 billion hostile takeover offer from International Paper Co (IP).
  • International Paper shares are flat at Friday's close of $29.87.

Statistics:

  • 4.09%: The percentage decline in shares of News Corporation (NWSA) in the pre-market session.
  • 0.38%: The percentage decline in shares of General Electric (GE) in the pre-market session.
  • 0.92%: The percentage decline in shares of Lowe's (LOW) in the pre-market session.
  • 60: The number of total stores where the GE WattStation will be available in September.
  • 4-8 hours: The time it takes to fully charge an electric car with the GE WattStation.
  • 12-14 hours: The time it typically takes to fully charge an electric car through standard overnight charging.
  • $3.3 billion: The value of the hostile takeover offer from International Paper Co (IP) to Temple-Inland (TIN).
  • 3/14/2011: The date of the DOWNTREND alert for GE by Comtex SmarTrend.
  • 3/25/2011: The date of the UPTREND alert for IP by Comtex SmarTrend.
  • 5/16/2011: The date of the DOWNTREND alert for LOW by Comtex SmarTrend.

Sources:

  • MidnightTrader.com, "Top Consumer Shares: WMT: -0.24% MCD: -0.27% DIS: -0.48% CVS: 0 KO: 0 GE: -0.43%," July 18, 2011.
  • Reuters, "Temple-Inland advises rejecting $3.3 bln hostile takeover offer," July 14, 2011.
  • Comtex SmarTrend Alert, as of July 14, 2011.
  • Copyright 2004-2011 Comtex News Network, Inc. All rights reserved.

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