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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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September 3, 2015
12:56 EDTFFord Sollers opens $275M engine factory in Russia, Reuters reports
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September 2, 2015
12:33 EDTFOptions Update; September 2, 2015
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September 1, 2015
14:55 EDTFAutodata says U.S. auto sales rate comes in at 17.8M SAAR, CNBC reports
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09:19 EDTFFord reports August U.S. sales up 5% to 234,237 vehicles
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09:16 EDTFFord reports August U.S. sales up 5% to 234,237 vehicles
Ford Motor Company said it delivered its best August U.S. sales in nine years on strong demand for new cars, SUVs and trucks. Sales totaled 234,237 vehicles, a 5% increase.
August 31, 2015
17:41 EDTFTencent-backed group to develop Tesla rival, Reuters says
A group of Chinese internet firms and investors including Tencent (TCEHY) and JD.com (JD) founder Richard Liu are backing an effort to create NextEV, an electric vehicle project meant to rival Tesla (TSLA), reports Reuters. The group has hired ex-Ford (F) executive Martin Leach as well as former Volkswagen (VLKAY), BMW (BAMXY), and Tesla employees "to build a global automaker," a spokesperson told the publication. Reference Link
07:07 EDTFFord to host sales conference call
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August 30, 2015
12:33 EDTFDividend-rich blue chips look attractive amid market volatility, Barron's says
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August 26, 2015
16:36 EDTFFord considering return of Bronco, Ranger to U.S., Bloomberg says
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16:26 EDTFMajor automakers sued over allegedly 'deadly' keyless technology, Reuters says
A number of automakers have been named in a lawsuit alleging that keyless ignition technology can lead to "deadly" results due to carbon monoxide poisoning from cars left running under the belief that engines will automatically switch off, reports Reuters. Defendants include General Motors (GM), Ford (F), Fiat Chrysler (FCAU), Honda (HMC), Hyundai (HYMLF), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY), BMW (BAMXY), and Daimler's (DDAIF) Mercedes Benz, said Reuters. According to the plaintiffs, the carmakers had "actual knowledge" of the so-called risks and could have prevented 13 deaths and numerous injuries. Reference Link
13:42 EDTFTrueCar says 'on plan' to hit 17.2M U.S. vehicle forecast for 2015
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13:19 EDTFTrueCar says daily auto sales pace up 0.9% for August, with 17.4M SAAR
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09:25 EDTFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
09:21 EDTFFord considering returning production of Bronco, Ranger to U.S., Bloomberg says
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August 25, 2015
12:08 EDTFOptions with increasing volume: EXC POM MDLZ EWJ WBA MW F KMI
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August 24, 2015
16:00 EDTFOptions Update; August 24, 2015
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