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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 16, 2014
08:46 EDTFGeneral Motors concerns about Ford's new F-Series are overdone, says Goldman
Goldman believes concerns about Ford's new F-Series impact on General Motors is overdone. The analyst said investors are underestimating F-150 capacity constraints if the launch is successful, which will limit General Motors share loss.
08:16 EDTFStrike at Lear plant that supplies Ford seats ends after one day, AP reports
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07:26 EDTFUltima Media to hold a conference
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06:30 EDTFNHTSA chief calls for 'new normal' for recalls, Detroit News reports
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September 15, 2014
13:03 EDTFFord reports August European sales up 14%
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07:42 EDTFMorgan Stanley to hold a conference
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September 13, 2014
17:19 EDTFLear strike in Indiana may impact Ford plant in Chicago, WSJ says
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September 12, 2014
10:30 EDTFFord recalls Escapes, Focus Sts due to engine wiring defect
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09:41 EDTFFord recalls 74,000 hybrids to fix stalling problem, AP reports
Ford is recalling 74,000 older-model gas-electric hybrid SUVs in the U.S. and Canada to fix a staling problem that causes electronics to overheat, reports the Associated Press. The recall covers Ford Escapes from 2005 through 2008 and Mercury Mariners from 2006-2008. Reference Link
September 11, 2014
13:35 EDTFFord's Lincoln to launch Navigator marketing push, Automotive News says
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September 10, 2014
09:17 EDTFChina mulls easing car dealer restrictions, Bloomberg says
China's Ministry of Commerce is considering whether to ease rules on car dealers and allow them to sell vehicles from multiple brands in the same store, according to Bloomberg, citing people familiar with the matter. Note that both Bitauto (BITA) and Autohome (ATHM), which operate automobile buyer focused websites in China, were down significantly during yesterday's trading, though it is unclear if the reported new regulations play a role in their share weakness. Publicly traded carmakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
September 9, 2014
07:17 EDTFThe Wireless Association to hold a conference
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06:09 EDTFVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
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September 8, 2014
17:47 EDTFFord downgrade a buying opportunity, Barron's says
Ford's downgrade at Morgan Stanley is a buying opportunity and investors should buy the dip, Barron's argues in its 'Barron's Take' column. Reference Link
13:26 EDTFFord falls after two notch downgrade at Morgan Stanley
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13:04 EDTFAugust vehicle sales drop in Russia, WSJ says
The Association of European Businesses said that the sales of new vehicles in August throughout Russia have dropped at the quickest rate so far in 2014, according to The Wall Street Journal, citing a statement from chairman of the AEB Automobile Manufacturers Committee Joerg Schreiber. Industry officials are anticipating sales in the country for 2014 to decrease another 20% after a 5% decline last year. Publicly traded companies in the automobile industry include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
10:06 EDTFOn The Fly: Analyst Downgrade Summary
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09:12 EDTFOn The Fly: Pre-market Movers
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07:59 EDTFMorgan Stanley downgrades Auto sector to Cautious, downgrades Ford
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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.
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