Five Stocks to Watch in June
Stocks continued to climb in May, finishing the month once more at new record highs. The Federal Reserve hinted at slowing down its asset purchases and even an end to quantitative easing, which put some pressure on stocks and other risk assets. Nevertheless, the U.S. Dollar continued strengthening in May putting pressure on precious metals and other commodities prices. Below find five stocks to watch in June.
Amazon.com (AMZN) - After two years researching the market, Amazon.com will expand its AmazonFresh service.
Boeing (BA) - After having its Dreamliner 787 passenger planes grounded for seven months, according to UBS, the company delivered seven new 787s in May, making it a total of eight of the aircraft sold this year. The company has so far sold 61commercial aircraft this year including the eight 787s of which seven were sold last month. Nevertheless, 57 787 units continue in inventory after the company and airlines were forced to ground the entire fleet due to battery problems. Boeing stock has continued climbing despite the Dreamliner selling for a discount.. The plane costs $200 million to build and is currently being sold for $119 million.
Google Inc. (GOOG) - In an interview last week, Motorola - owned by Google - executive Regina Dugan unveiled a novel system for authenticating passwords. The system is based on a wearable tech tattoo, which makes the user's electronic device(s) accessible exclusively to the wearer. Another system which was the subject of more controversy was a "password vitamin," a pill that when swallowed emits a signal which allows your body to communicate with your devices. The electronic tattoo and password vitamin could revolutionize the way people log into their devices.
Rio Tinto Group (RIO) - The second largest miner in the world, Rio Tinto Group, is set to face a longer period of negotiation time for the sale of $48 billion of its assets. The mining assets the company plans to sell is almost double the amount the company sold last year of $23 billion. The company is now putting together an initial public offering for its gem unit, which it failed to find a buyer for. The world's largest miner, BHP Billiton Ltd. BHP is also looking to sell substantial assets that could involve as much as $35 billion in mining stakes and businesses.
Apple Inc. (APPL) - The United States International Trade Commission said yesterday that it was issuing a ban on several devices that operate on AT&T's (T) network. The ban includes third and fourth generation iPhones and second and third generation iPads. The decision comes as a result of the trade commission finding that Apple had violated some of Samsung's patents despite Apple's legal victory against Samsung.
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