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Stock Market & Financial Investment News

News Breaks
April 15, 2014
08:01 EDTFFord reports Europe sales up 12% in March, 11% in Q1
Ford is off to a strong sales start in Europe in 2014, posting year-over-year sales improvements for the tenth straight month in March and the fourth consecutive quarter. While industry sales volumes grew by 10% in March and 8% in the first quarter, Ford outpaced the overall market with 12% and 11% sales volumes increases, respectively.
News For F From The Last 14 Days
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February 1, 2016
13:24 EDTFTesla bull cuts target as competition ramps more quickly than new models
Shares of Tesla (TSLA) dipped significantly in early trading before later rebounding after Morgan Stanley cut its price target on the automaker to $333 from its previous $450, with the research firm citing a slow production ramp for its new car models, potentially weakened consumer demand amid cheap oil, and clearly heightening competition in the electric and autonomous vehicle space. LOW DEMAND, MORE COMPETITION: Morgan Stanley analyst Adam Jones cut his price target on Tesla to $333 from $450, arguing Monday that the carmaker is facing a slow production ramp for the Model X as well as the Model 3, which Jones said may launch in late 2018, missing the company's internal target by at least one year. It is reasonable to assume, Jones said, that Tesla is taking a deliberate, quality-conscious pace for Model X production while also shuffling personnel to help with the car's early rollout, impacting the launch of the mass-market Model 3 even as the company grapples with potentially reduced consumer demand in today's cheap oil environment. Given his assumption of lower volumes, the analyst's revised his 2020 forecast for complete vehicle deliveries to less than half of Tesla's own 500,000 target. For 2016, the analyst cut his total delivery forecast 2% to roughly 70,000 units, including a revision of Model X expectations to 15,000 from 18,500. Contributing to Tesla's headwinds, its consumer energy storage solution looks to be more expensive than previously thought, while competition in the shared and autonomous mobility arena has increased markedly. Indeed, competing efforts from Ford (F), Volkswagen (VLKAY), Alphabet (GOOG) and many others appear "genuine" and are likely to see significant investment follow-through, potentially pressuring Tesla's margins as it increases R&D spend to keep pace, Jones argued. That said, the analyst keeps an Overweight rating on the shares, explaining that while Tesla remains a high risk name that burns plenty of cash to fuel its ambitious plans, it may still be the best positioned company in the ongoing "Auto 2.0" transition. PRICE ACTION: After quickly dropping as low as $182.75 in early trading, shares of Tesla are now up 2.6% to $196.14 in afternoon trading.
January 29, 2016
10:27 EDTFActive calls: IWM F DXJ ABT FXI AAPL EEM COP
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January 28, 2016
15:43 EDTFFord looks inexpensive, Barron's reports
After having fallen 21% over the past year, shares of Ford look cheap as they trade at a price to earnings ratio of only six and sport a 5% yield, Barron's reports. Reference Link
09:31 EDTFFord: 2016 is about accelerating progress and staying lean
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09:21 EDTFFord says company price increases double industry average
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09:18 EDTFFord expects 'less benefit' from growing US sales in 2016
09:10 EDTFFord says company benefiting from 'big bet' on F-150 truck
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09:08 EDTFFord 'aggressively' growing in emerging markets through Ford Smart Mobility
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09:00 EDTFFord sees FY16 North America Automotive to be about equal to 2015
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08:33 EDTFOptions expected to be active
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07:17 EDTFFord reports Q4 wholesales of 1.775M vehicles, up 195K from prior year
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07:15 EDTFFord backs view for 2016 automotive EPS equal to or higher than 2015
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07:01 EDTFFord reports Q4 adjusted EPS 58c, consensus 51c
Reports Q4 automotive revenue $37.9B, consensus $36.4B.
January 27, 2016
14:34 EDTFNotable companies reporting before tomorrow's open
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13:17 EDTFFord volatility elevated into Q4 and outlook
Ford January weekly call option implied volatility is at 59, February is at 31; compared to its 52-week range of 16 to 44, suggesting large near term price movement into the expected release of Q4 results on January 28.
12:44 EDTFEarnings Watch: Ford sees record 2015 pre-tax profit, ex-items
Ford Motor Co. (F) is expected to report fourth quarter earnings on Thursday, 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 earnings per share of 50c on revenue of $36.4B, according to First Call. The consensus range for EPS is 36c-53c on revenue of $34.03B-$38.82B. LAST QUARTER: Ford reported third quarter adjusted EPS of 45c against estimates for 47c, on revenue of $38.1B against estimates for $35.07B. Ford reconfirmed fiscal 2015 pre-tax profit guidance to range from $8.5B-$9.5B, with higher automotive revenue, operating margin, and operating-related cash flow compared with 2014. Ford expects North America 2015 pretax profit to exceed last year's result with an operating margin at the upper end of the company's guidance of 8.5%-9.5%. For Europe, Ford continues to expect pre-tax loss for 2015 to improve compared with 2014 as the company continues towards a return to profitability in the region. On the company's conference call, management said it was on track to deliver a "breakthrough" year and expected a stronger second half, driven by Q4. On January 6, Ford announced a $1B supplemental cash dividend reflecting the company's strong financial performance in 2015 and robust cash and liquidity levels. It also announced that it expects to deliver record 2015 pre-tax profit, ex-items and sees FY16 operating EPS to be about equal to or higher than FY15. During the quarter, Ford reported the following: October U.S. sales up 13% to 213,938 vehicles; November U.S. sales up 0.4% to 187,794 units; and December U.S. sales up 8% to 239,242 vehicles. On January 5, Ford reported total 2015 U.S. sales of 2.61M vehicles, up 5%. STREET RESEARCH: Street research has been light in the weeks leading up to Ford's Q4 earnings report. On October 28, UBS said the weakness in Ford shares following the company's Q3 tax related miss was a buying opportunity. The firm believed guidance was conservative and the company was setting up for a solid 2016. UBS reiterated its Buy rating and lowered its price target to $22 from $23 on Ford shares. PRICE ACTION: Ford's shares are down approximately 23% since its Q3 report and have lost about 19% year-over-year. In afternoon trading ahead of Thursday's Q4 report, Ford shares are up just over 1% to around $12.
09:01 EDTFFord Ohio Assembly Plant adds Ford F-Series Super Duty chassis cab
Ford announced that its Ohio Assembly Plant will support additional production of the all-new 2017 Ford F-Series Super Duty chassis cab. Together with Kentucky Truck Plant, Ohio Assembly will produce F-350, F-450 and F-550 Super Duty chassis cab configurations.
06:01 EDTFIBM names Ford President and CEO Mark Fields to board, effective March 1
The IBM (IBM) board of directors yesterday elected Mark Fields to the board effective March 1, 2016. Fields is president and CEO, Ford (F). Ginni Rometty, IBM chairman, president and CEO, said: "We are pleased that Mark will be joining the IBM board of directors. Mark led the highly successful transformation of his company in a competitive industry where technology has driven innovation. He is leading Ford into a future where cars are not only vehicles, but increasingly becoming mobile technology platforms. His knowledge and insights in running a complex global business will make a significant contribution to IBM."
January 26, 2016
11:51 EDTFFord expands safety recall on vehicles with Takata airbag inflators
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11:43 EDTFFord to host sales conference call
Conference call to discuss January Sales Results will be held on February 2 at 10 am. Webcast Link
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