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U.S. Auto Sales Give More of a Read on Consumer Spending

Date:
June 4, 2014
Source:
TheStreet / Powered by NewsLook.com
Summary:
U.S. Auto Sales came in at 16.7 million units vs consensus of 16 million units, the strongest reading since August 2008. Stephanie Link and Jill Malandrino point out that General Motors, in particular, blew away the numbers, despite the headwinds faced due to the massive amounts of recalls. Link believes it speaks to the new product cycle, largely driven by SUVs and trucks, and the reason why the Action Alerts Plus portfolio, which she co-manages with Jim Cramer, has been accumulating shares. Link and Malandrino also look at other areas in consumer and identify what stocks are out and underperforming and why. Video provided by TheStreet


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last updated on 2014-12-17 at 11:14 pm EST

More Shoppers Buy Google Chromebooks Than Apple Mac Books This Year

More Shoppers Buy Google Chromebooks Than Apple Mac Books This Year

TheStreet (Dec. 30, 2013) — Sales of Google's Chromebook surged this year -- outselling Apple's MacBook, according to a study by research group NPD. From January through November 2013, 1.76 million Chromebooks were sold -- that's up from a total of 400,000 sold last year. Altogether, Chromebooks made up 21% of notebook sales in 2013. Meanwhile, NPD's report showed that Apple's desktop and laptop sales dropped 7%. Amazon's list of hottest products during the holidays backs up the findings, as Chromebooks were its top two laptop sellers.
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Health Becomes a Big Focus at the NY Consumer Electronics Show

Health Becomes a Big Focus at the NY Consumer Electronics Show

TheStreet (June 26, 2014) — Technology is being applied to a wide variety of health applications for consumer devices. At the New York consumer electronics show, several companies had unique ways to measure health (good) or measure bacteria (bad) or just improve classic products. Like the The ISSA toothbrush which is made of silicone bristles and is more hygienic with a chargeable battery. TheStreet also checked out the Hexoskin, which is a workout garment that tracks body metrics. Worried about the safety of your food? There is the Penguin from BioSensor Laboratories, a mini lab that tells you if it's safe. Video provided by TheStreet
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Google Plans Deeper Energy Push With Tools For Utilities

Google Plans Deeper Energy Push With Tools For Utilities

TheStreet (June 11, 2014) — Google is planning to disrupt the US power delivery system by developing tools that can transmit and distribute electricity more efficiently.The internet giant runs the most popular search engine and itself is a huge consumer of electricity. It has been looking at ways to shakeup the utilities industry and it plans on doing this by developing software and hardware tools to better manage power lines. Google's in-house development group known as the Energy Access Team is led by Arun Majumdar. Majumdar came to Google as a top energy expert. He was the first director of the US Department of Energy's Advanced Research Projects Agency-Energy and was later nominated for the Under Secretary of DoE. He joined Google in 2012 to help the company to advance in the US power sales market, which is worth more than $363 billion. Google is not the first to tap the possibilities of energy management. Zurich based ABB and Munich based Siemens already offer tools that help allocating electricity, but Google engineers think they can do better. Just like Google disrupted smartphone market with android, it may now end up changing the way we get our electricity. Video provided by TheStreet
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Sony PlayStation, Microsoft Xbox Give Booster to July Retail Sales

Sony PlayStation, Microsoft Xbox Give Booster to July Retail Sales

TheStreet (Aug. 15, 2014) — Next-generation consoles helped boost gaming software and hardware sales in the U.S. since June. Video game sales, including hardware and accessories, jumped 16% from a year earlier to $514.3 million, according to market researcher NPD Group. That increase was driven by the continued success of Sony’s PlayStation 4 and Microsoft’s Xbox One, the latest iterations of their gaming consoles which had near simultaneous releases last November. PlayStation 4 held its lead as top-selling console, a spot it has commanded over Xbox for seven consecutive months. Sony said it has sold more than 10 million units worldwide so far. Video provided by TheStreet
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