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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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August 22, 2014
06:54 EDTFChrysler to not replace Ram steel body panels until 2020, Reuters says
Fiat's (FIATY) Chrysler is aiming to redesign its full-size Ram 1500 pickup trucks beginning in three years, but the car manufacturer has no definitive goals to follow competitors GM (GM) and Ford (F) in using aluminum body panels instead of steal until a finalized overhaul happens after 2020, according to Reuters, citing industry sources. Reference Link
August 21, 2014
11:26 EDTFFord asks dealers to stop selling certain Focus, C-Max cars, Reuters reports
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07:18 EDTFChina considering new anti-trust rules for auto sector, China Daily says
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06:08 EDTFGM launches new round of discounts for Labor Day weekend, WSJ reports
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August 20, 2014
20:03 EDTFFord planning hybrid to compete with Toyota Prius, Reuters reports
Ford (F) is planning to introduce a new hybrid gasoline-electric car in late 2018 to compete against the Toyota (TM) Prius, according to Reuters, citing two sources with knowledge of the company's plans. It will be the company's first "dedicated" hybrid, unlike the hybrid Fusion, which is a variation of an existing gasoline model. Reference Link
August 18, 2014
13:01 EDTFFord, Chevrolet launching incentives earlier than usual, Autmotive News says
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07:37 EDTFReport says Russia may bar car imports if new sanctions enacted, Reuters says
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August 15, 2014
18:25 EDTFFord announces recall of Focus, Escape due to wiring issue, Reuters says
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06:28 EDTFFord issues recall due to potentially faulty halfshaft
Ford is recalling certain model year 2012-2014 Ford Edge and Lincoln MKX vehicles manufactured September 2, 2010, to November 30, 2013; 2013-2014 Ford Taurus and Lincoln MKS vehicles manufactured August 25, 2011, to November 30, 2013; and 2013-2014 Ford Flex and Lincoln MKT vehicles manufactured September 12, 2011, to November 30, 2013. In the affected vehicles, the halfshaft retention circlip may not have been properly installed, and as a result, the halfshaft may move outward and disengage from the linkshaft while driving and without prior warning. If the halfshaft and linkshaft become disengaged while driving, power will no longer be transmitted to the wheels, increasing the risk of a vehicle crash. Additionally, if the parking brake is not applied before exiting the vehicle, the vehicle may roll away despite the transmission being placed in "park'," increasing the risk of injury to exiting occupants and bystanders. Ford will notify owners, and dealers will inspect the vehicles to make sure that the halfshaft is properly retained. If it is not, dealers will replace the linkshaft and also replace the halfshaft if it shows evidence of spline damage, free of charge. The recall is expected to begin by August 29. Reference Link
August 14, 2014
10:05 EDTFOn The Fly: Analyst Initiation Summary
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August 13, 2014
16:16 EDTFFord initiated with a Neutral at Credit Suisse
Target $18.15.
08:16 EDTFFord upgraded at Stifel
As previously reported, Stifel upgraded Ford to Buy from Hold. Thea analyst upgraded shares based on better than expected year-to-date trends, commentary that indicate the F-150 launch is on track, higher than expected Q2 North American margins, and a portfolio refresh cycle. Price target is $22.
06:59 EDTFFord upgraded to Buy from Hold at Stifel
August 12, 2014
09:19 EDTFGeneral Motors shares washed out, says Sterne Agee
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