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Stock Market & Financial Investment News

News Breaks
January 27, 2014
12:38 EDTFEarnings Preview: Ford sentiment mixed ahead of Q4 report
Ford Motor Co. (F) is expected to report fourth quarter earnings on Tuesday, January 28 before the market open with a conference call scheduled for 9:00 am ET. Ford is a manufacturer and distributor of cars and trucks across six continents. EXPECTATIONS: Analysts are looking for EPS of 28c on revenue of $35.15B, according to First Call. The consensus range for EPS is 20c-37c on revenue of $33.91B-$35.99B. LAST QUARTER: Ford reported Q3 adjusted EPS of 45c against estimates for 37c on revenue of $36B against estimates for $33.98B. On its Q3 earnings report, the company raised its FY13 pre-tax profit view to "higher than" from "equal to higher than" FY12. The company forecast 2013 global auto industry sales up 3.8% compared to FY12 levels, with stabilization and modest recovery in the Euro area. Ford said it was on track to have higher market share in the U.S. and China in 2013, with about equal market share in Europe. On December 18, Ford forecast FY14 total company pre-tax profit ex-items of $7B-$8B, and said pre-tax profit in North America would be lower than FY13. Speculation persisted through the quarter that CEO Alan Mulally might leave the company for Microsoft (MSFT). However, on January 7, Mulally confirmed he would remain at Ford through at least 2014. STREET RESEARCH: Street research has been mixed in the weeks leading up to Fords's Q4 earnings report. On October 25, research firm CLSA upgraded Ford to Outperform from Underperform, citing impressive execution, strong U.S. truck demand, and a European recovery in the making. They raised their price target on the shares to $20 from $18. On December 19, Ford was downgraded to Hold from Buy at Craig Hallum due to disappointing guidance. The firm said that increased costs to position the company for 2015 and beyond would result in one of the freshest and newest portfolios among majors.They lowered their price target to $16 from $21. PRICE ACTION: Ford's shares are modestly lower since its Q3 report, however they are up almost 14% over the past twelve months. In early afternoon trading ahead of Tuesday's Q4 report, Ford is down almost 2%.
News For F From The Last 14 Days
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February 26, 2015
10:39 EDTFOrbital ATK selected by 10 automakers to investigate Takata airbags
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February 24, 2015
11:36 EDTFFord to hold a conference call
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05:09 EDTFFord launches training program at Kansas City plant to support F-150 production
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February 18, 2015
06:38 EDTFCar sales rose in Europe last month, NY Times says
European car sales increased 6.7% in January, versus the same period a year earlier, data from the European Automobile Manufacturers’ Association indicates, according to The New York Times. January was the 17th straight month that European car sales have increased, but they remain well below the levels they reached before the financial crisis, the newspaper stated. Publicly traded companies in the space include Fiat Chrysler (FCAU), Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
February 17, 2015
11:00 EDTFFord hires John Casesa to lead global strategy
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06:05 EDTFFord recalls 17,875 Falcons and Territories in Australia
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