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Stock Market & Financial Investment News

News Breaks
January 10, 2013
08:02 EDTFFord increases quarterly dividend to 10c from 5c
Ford says that its plan is to grow its dividend, consistent with earnings and liquidity growth, to a level that is sustainable through all business cycles. The first quarter dividend is payable on March 1 to shareholders of record on January 30.
News For F From The Last 14 Days
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September 8, 2014
06:29 EDTFFord downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley downgraded Ford two notches to Underweight from Overweight and lowered its price target to $16 from $17. The firm recommends reducing positions due to competitive pressures, cycle maturity, high expectations, and execution risk to the new truck changeover.
September 5, 2014
10:58 EDTFFord China venture recalls 191K cars over fuel leak chance, Reuters says
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09:40 EDTFFord China reports August sales up 9% to 77,506
Ford China sales are up 30% in the year to date, with 717,537 vehicles sold compared with 551,738 in the first eight months of 2013. In August this year alone, Ford sold 77,506 vehicles in China, up 9% from 71,183 sold in August last year. Changan Ford, Fordís passenger car joint venture, sold 522,394 vehicles in the first eight months of 2014, up 33% from 394,017 sold during the same period last year. August sales for CAF reached 60,306 vehicles, up 13% from August 2013. Jiangling Motors Corporation, Ford's commercial vehicle investment in China, sold 171,169 vehicles in the year to date, up 19% from 143,322 vehicles sold during the same period last year. JMCís monthly sales were steady, with 16,200 vehicles sold in August compared with 16,549 vehicles in August 2013.
September 3, 2014
12:33 EDTFOn The Fly: Midday Wrap
Stocks on Wall Street were higher to begin the day, as reports spurred optimism that a ceasefire agreement between Russia and the Ukraine may soon be reached. The move was short lived, as the averages turned mixed during the second hour of trading. Shares of Apple (AAPL) are weighing down the Nasdaq after an analyst recommended investors take some profits in the stock. ECONOMIC EVENTS: In the U.S., factory orders rose 10.5% in July, which was a bit below the forecast for 11.0% growth. The Fed's Beige Book is scheduled to be released at 2:00 pm ET. In Europe, the final reading of Eurozone services PMI was knocked down to 53.1 from a preliminary 53.5 reading, mirroring the lowering of the Eurozone manufacturing PMI reading yesterday. COMPANY NEWS: Shares of Apple retreated 4% after research firm Pacific Crest advised investors to take some profits in the stock. Pacific Crest analyst Andy Hargreaves forecast the percentage of new iPhone users who buy the next version of the device beyond the iPhone 6 is likely to decline versus prior cycles. The stock likely has only limited room to increase, according to Hargreaves, who said he would probably downgrade Apple unless new products that can generate billions of dollars in new operating profit are launched at its September 9 event... Carmakers reported on August vehicle sales in the U.S., with Chrysler (FIATY) reporting a 20% increase, Ford stating that sales rose slightly compared to the prior year and General Motors (GM) posting a 1.2% decline in sales. MAJOR MOVERS: Among the notable gainers was Infinity Pharmaceuticals (INFI), which jumped 46% after the company announced a cancer drug collaboration with AbbVie (ABBV) and a master clinical supply agreement with Roche (RHHBY). Also higher was Mobileye (MBLY), which gained nearly 10% after Morgan Stanley wrote that the stock could rise "towards $100" if the company maintains its current market, gross margins and earnings position. Mobileye is scheduled to report on its second quarter results tomorrow morning, which will be its first quarterly report since its August IPO. Among the noteworthy losers was Repros Therapeutics (RPRX), which dropped 15% after newly posted FDA briefing documents regarding a panel on T-normalizing therapies prompted Piper Jaffray to downgrade the stock to Neutral from Overweight. Also lower following its earnings report was apparel company Vince Holding (VNCE), which fell 11%. INDEXES: Near midday, the Dow was up 33.71, or 0.2%, to 17,101.27, the Nasdaq was down 23.24, or 0.51%, to 4,574.95, and the S&P 500 was down 0.64, or 0.03%, to 2,001.64.
10:17 EDTFFord says August industry sales likely reached mid-17M annual pace
Says total industry sales likely closed out at mid-17M range on a seasonally adjusted annualized basis. Says August SAAR may have reached 15M vehicles. Says industry "very strong at this stage of recovery." Says pressure on passenger cars continues. Says Fusion sales on pace to top 300,000 for first time. Says has 69-day supply of vehicles, up from 65-day supply last year. Comments made on Ford's August U.S. sales conference call.
09:31 EDTFFord reports August U.S. sales up 0.4% to 222,174 vehicles
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