BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[AutoZone drives through analyst expectations in Q1]]>http://www.bloggingstocks.com/2009/12/09/autozone-drives-through-analyst-expectations-in-q1/http://www.bloggingstocks.com/2009/12/09/autozone-drives-through-analyst-expectations-in-q1/http://www.bloggingstocks.com/2009/12/09/autozone-drives-through-analyst-expectations-in-q1/#commentsFiled under: ,

AutoZone (AZO) is in the fast lane. The stock has done reasonably well this year, and the first-quarter report, released on Tuesday, shows that the company still knows how to drive earnings growth.

According to the company's earnings report, sales increased well over 7% and earnings per share expanded by better than 26%. Income was pegged at $2.82 per share. That was way above the call. Our earnings preview indicates an expectation of $2.66 per share. Clearly, management is doing something right.

Continue reading AutoZone drives through analyst expectations in Q1

AutoZone drives through analyst expectations in Q1 originally appeared on BloggingStocks on Wed, 09 Dec 2009 09:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>auto industryAutoIndustryautozoneAZOcash for clunkersCashForClunkersinthenewsWed, 09 Dec 2009 09:00:00 EST<![CDATA[Ford (F) posts surprising profit for its third quarter]]>http://www.bloggingstocks.com/2009/11/02/ford-f-posts-surprising-profit-for-its-third-quarter/http://www.bloggingstocks.com/2009/11/02/ford-f-posts-surprising-profit-for-its-third-quarter/http://www.bloggingstocks.com/2009/11/02/ford-f-posts-surprising-profit-for-its-third-quarter/#commentsFiled under: , , , ,

American auto maker Ford Motor (NYSE: F) gave investors a reason to smile this morning when it posted a surprising $1 billion profit for its third quarter.

Going into this morning's earnings release, analysts had expected to see the Dearborn, Michigan-based auto manufacturer to lose 12 cents per share. But Ford had other ideas, posting a profit of 29 cents per share, or $997 million.

Continue reading Ford (F) posts surprising profit for its third quarter

Ford (F) posts surprising profit for its third quarter originally appeared on BloggingStocks on Mon, 02 Nov 2009 08:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>auto makersAutoMakerscarscash for clunkersCashForClunkersDearbornearningsFfeaturedFordMon, 02 Nov 2009 08:20:00 EST<![CDATA[Stone & McCarthy suggest: Make it to March]]>http://www.bloggingstocks.com/2009/10/13/stone-and-mccarthy-suggest-make-it-to-march/http://www.bloggingstocks.com/2009/10/13/stone-and-mccarthy-suggest-make-it-to-march/http://www.bloggingstocks.com/2009/10/13/stone-and-mccarthy-suggest-make-it-to-march/#commentsFiled under: , ,

It's going to get worse before it gets better, according to Stone & McCarthy Research. Early 2010 has "the more troublesome outlook," as the economy will have to walk on its own, the research firm says. This year, it's had a pair of crutches: tax credits for first-time home buyers and the cash-for-clunkers program. So, if the stimulus hasn't taken hold by the end of the year, the first quarter could be a bruiser.

The firm adds that "continued growth in aggregate demand" is needed, bringing the discussion back to consumer spending . . . which is where it will always land. We're likely to see the 3.2% growth rate from July through September drop to 2.4% at the end of the year because the crutches will have been gone. And, let's not forget that unemployment is expected to break the 10% level next year.

Continue reading Stone & McCarthy suggest: Make it to March

Stone & McCarthy suggest: Make it to March originally appeared on BloggingStocks on Tue, 13 Oct 2009 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cash for clunkersCashForClunkersconsumer spendingConsumerSpendingholiday salesholiday shoppingHolidaySalesHolidayShoppinghome buyer tax creditHomeBuyerTaxCreditinthenewsnational retail federationNationalRetailFederationnrfrecessionretail salesRetailSalesunemploymentunemployment rateUnemploymentRateTue, 13 Oct 2009 09:30:00 EST<![CDATA[Ford sales fall in September]]>http://www.bloggingstocks.com/2009/10/01/ford-f-sales-fall-in-september/http://www.bloggingstocks.com/2009/10/01/ford-f-sales-fall-in-september/http://www.bloggingstocks.com/2009/10/01/ford-f-sales-fall-in-september/#commentsFiled under: , , , ,

It should not come as too big of a surprise, but American auto maker Ford Motor (NYSE: F) announced today that its sales fell by 5.1% in September.

Following this summer's widely popular "cash for clunkers" program, it was some what expected that demand would weaken during September as so many people had just recently purchased new cars to take advantage of the government program.

Continue reading Ford sales fall in September

Ford sales fall in September originally appeared on BloggingStocks on Thu, 01 Oct 2009 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>autoauto makersAutoMakerscam salesCamSalescar dealersCarDealerscarscash for clunkersCashForClunkersFfeaturedFordinthenewsThu, 01 Oct 2009 16:20:00 EST<![CDATA[GM dealers want more cars]]>http://www.bloggingstocks.com/2009/09/21/gm-dealers-want-more-cars/http://www.bloggingstocks.com/2009/09/21/gm-dealers-want-more-cars/http://www.bloggingstocks.com/2009/09/21/gm-dealers-want-more-cars/#commentsFiled under: , , , , , , ,

General MotorsThe past couple of months there has been a lot of news over the government's recent "cash for clunkers" program, which was wildly more successful than anyone could have imagined, but left dealer lots short on inventory. General Motors dealers are still dealing with low inventory and have requested more cars to meet recent demand.

According to the Detroit News, General Motors dealers have requested that the company ship as much as four times as many cars as the company had planned to build in October.

Continue reading GM dealers want more cars

GM dealers want more cars originally appeared on BloggingStocks on Mon, 21 Sep 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>autoauto salesAutoSalescar dealersCarDealerscarscash for clunkersCashForClunkersGeneral MotorsGeneralMotorsGMMon, 21 Sep 2009 17:00:00 EST<![CDATA[Transportation Department plans to process Clunker claims]]>http://www.bloggingstocks.com/2009/09/04/transportation-department-plans-to-process-clunker-claims/http://www.bloggingstocks.com/2009/09/04/transportation-department-plans-to-process-clunker-claims/http://www.bloggingstocks.com/2009/09/04/transportation-department-plans-to-process-clunker-claims/#commentsFiled under:

The United States Department of Transportation is mobilizing its forces to try to process the paperwork for the $3 billion Cash for Clunkers program by the end of the month.

Less than 20% of the rebate applications have been approved so far -- but only because of bureaucratic incompetence and mismanagement. According (subscription required) to The Wall Street Journal, "The administration has begun "a government-wide mobilization of employees" and intends to finish processing rebates by Sept. 30, according to a DOT official."

Continue reading Transportation Department plans to process Clunker claims

Transportation Department plans to process Clunker claims originally appeared on BloggingStocks on Fri, 04 Sep 2009 15:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Cash For ClunkersCashForClunkersinthenewsFri, 04 Sep 2009 15:30:00 EST<![CDATA[No surprise, Ford sees sales boost in August]]>http://www.bloggingstocks.com/2009/08/28/no-surprise-ford-sees-sales-boost-in-august/http://www.bloggingstocks.com/2009/08/28/no-surprise-ford-sees-sales-boost-in-august/http://www.bloggingstocks.com/2009/08/28/no-surprise-ford-sees-sales-boost-in-august/#commentsFiled under: , , , ,

Ford Auto SalesIt should not come as any surprise, but Ford Motor Company (NYSE: F) announced today that August saw an industry wide increase in auto sales.

Of course, the increase in sales can be attributed to the highly popular "cash for clunkers" program that brought auto buyers out in huge numbers. The August increase is the first time auto sales have moved higher in over 2 years.

Continue reading No surprise, Ford sees sales boost in August

No surprise, Ford sees sales boost in August originally appeared on BloggingStocks on Fri, 28 Aug 2009 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>auto salesautosAutoSalescarscash for clunkersCashForClunkersFFordMark FieldsMarkFieldsFri, 28 Aug 2009 16:20:00 EST<![CDATA[Closing Bell: A directionless win... sort of (ETFC, EK, TM, VG, WSM)]]>http://www.bloggingstocks.com/2009/08/26/closing-bell-a-directionless-win-sort-of-etfc-ek-tm-vg/http://www.bloggingstocks.com/2009/08/26/closing-bell-a-directionless-win-sort-of-etfc-ek-tm-vg/http://www.bloggingstocks.com/2009/08/26/closing-bell-a-directionless-win-sort-of-etfc-ek-tm-vg/#commentsFiled under: , , ,

Today was one of those directionless trading days after so many gains that there was absolutely no way to know if the markets would be up or down until the last few seconds of the day. We had a very strong durable goods reading for July and even home sales figures remained high.

Here were today's closing bell levels:

Dow 9,543.52 +4.23 (0.04%)
S&P 500 1,028.12 +0.12 (0.01%)
Nasdaq 2,024.43 +0.20 (0.01%)

Top Analyst Calls
Most Unusual Volume

Continue reading Closing Bell: A directionless win... sort of (ETFC, EK, TM, VG, WSM)

Closing Bell: A directionless win... sort of (ETFC, EK, TM, VG, WSM) originally appeared on BloggingStocks on Wed, 26 Aug 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cash for clunkersCashForClunkersfeaturedinternet telephonyInternetTelephonyvonagewilliams sonomaWilliamsSonomaWed, 26 Aug 2009 16:00:00 EST<![CDATA[With Cash for Clunkers gone, where does the auto industry go now?]]>http://www.bloggingstocks.com/2009/08/25/with-cash-for-clunkers-gone-where-does-the-auto-industry-go-now/http://www.bloggingstocks.com/2009/08/25/with-cash-for-clunkers-gone-where-does-the-auto-industry-go-now/http://www.bloggingstocks.com/2009/08/25/with-cash-for-clunkers-gone-where-does-the-auto-industry-go-now/#commentsFiled under: ,

Now that Cash For Clunkers is over, the auto industry has a problem: Where will car sales come from now?

Everyone who had an old car and wanted a new one took advantage of the Cash For Clunkers plan -- who is going to go buy a new car the day after the government stopped paying people $4,500 to buy cars?

J.D. Power and Associates reduced its 2010 sales forecast to 11.5 million units from 11.6 million -- citing the impact of Cash For Clunkers. In other words, a big part of what Cash For Clunkers did was borrow sales from the future and front-load them, and now there's nowhere to go for car sales now.

Continue reading With Cash for Clunkers gone, where does the auto industry go now?

With Cash for Clunkers gone, where does the auto industry go now? originally appeared on BloggingStocks on Tue, 25 Aug 2009 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Auto IndustryAutoIndustryCash for ClunkersCashForClunkersChryslerGeneral MotorsGeneralMotorsTue, 25 Aug 2009 15:00:00 EST<![CDATA[Cash for Clunkers' success actually proves what a horrible program it was]]>http://www.bloggingstocks.com/2009/08/21/cash-for-clunkers-success-actually-proves-what-a-horrible-progr/http://www.bloggingstocks.com/2009/08/21/cash-for-clunkers-success-actually-proves-what-a-horrible-progr/http://www.bloggingstocks.com/2009/08/21/cash-for-clunkers-success-actually-proves-what-a-horrible-progr/#commentsFiled under:

With Cash for Clunkers set to end on Monday because all the money has been spent, pundits and politicians are applauding the program as a great success.

Transportation Secretary Ray LaHood said the program has been "a lifeline to the automobile industry, jump starting a major sector of the economy and putting people back to work." He added that his department was "working toward an orderly wind down of this very popular program."

Continue reading Cash for Clunkers' success actually proves what a horrible program it was

Cash for Clunkers' success actually proves what a horrible program it was originally appeared on BloggingStocks on Fri, 21 Aug 2009 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Cash For ClunkersCashForClunkersfeaturedFri, 21 Aug 2009 09:00:00 EST<![CDATA[Cash for Clunkers program to end on Monday]]>http://www.bloggingstocks.com/2009/08/20/cash-for-clunkers-program-to-end-on-monday/http://www.bloggingstocks.com/2009/08/20/cash-for-clunkers-program-to-end-on-monday/http://www.bloggingstocks.com/2009/08/20/cash-for-clunkers-program-to-end-on-monday/#commentsFiled under: , ,

cash for clunkersIf you are getting tired of reading all the news on the government's "cash for clunkers" program, don't worry... the Obama administration announced this afternoon that the popular incentive program will come to an end this Monday.

There has been a lot of controversy over the program as of late, but one thing is for sure, car buyers have definitely been taking advantage of the program since it launched last month.

Continue reading Cash for Clunkers program to end on Monday

Cash for Clunkers program to end on Monday originally appeared on BloggingStocks on Thu, 20 Aug 2009 19:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>autoscarscash for clunkersCashForClunkersfeaturedfuel efficiencyFuelEfficiencygasincentivesObamapoliticstransportationThu, 20 Aug 2009 19:10:00 EST<![CDATA[General Motors comes to dealers rescue]]>http://www.bloggingstocks.com/2009/08/20/general-motors-comes-to-dealers-rescue/http://www.bloggingstocks.com/2009/08/20/general-motors-comes-to-dealers-rescue/http://www.bloggingstocks.com/2009/08/20/general-motors-comes-to-dealers-rescue/#commentsFiled under: , , , , ,

General Motors Cash for ClunkersAs we noted yesterday, a lot of auto dealers have decided to pull out of the popular "cash for clunkers" program. This comes as a result of lack of payment by the government, and today General Motors said that it will start to advance dealers the cash that they are due from the government related to the program.

Today's announcement by General Motors marks a change in company policy, which had earlier stated that it was not in a position to come to the aid of its dealers.

Continue reading General Motors comes to dealers rescue

General Motors comes to dealers rescue originally appeared on BloggingStocks on Thu, 20 Aug 2009 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>auto dealersAutoDealersautoscar lotsCarLotscash for clunkersCashForClunkersChryslerdealersFfeaturedFordGeneral MotorsGeneralMotorsGMHMCHondainthenewstransportationThu, 20 Aug 2009 16:30:00 EST<![CDATA[New York auto dealers quit the 'cash for clunkers' program]]>http://www.bloggingstocks.com/2009/08/19/new-york-auto-dealers-quit-the-cash-for-clunkers-program/http://www.bloggingstocks.com/2009/08/19/new-york-auto-dealers-quit-the-cash-for-clunkers-program/http://www.bloggingstocks.com/2009/08/19/new-york-auto-dealers-quit-the-cash-for-clunkers-program/#commentsFiled under: , , , , ,

cash for clunkersEveryone knew that the government's "cash for clunkers" program would be enticing to potential auto buyers, but no one, including the U.S. government could have predicted just how popular the program would be.

Auto makers and dealers have seen a vast response to the program, but now some dealers are starting to wonder when the government is going to keep its end of the deal, and have decided to remove themselves from the popular program.

Continue reading New York auto dealers quit the 'cash for clunkers' program

New York auto dealers quit the 'cash for clunkers' program originally appeared on BloggingStocks on Wed, 19 Aug 2009 17:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>autocar dealersCarDealerscash for clunkersCashForClunkersFfeaturedFordGeneral MotorsGeneralMotorsGMincentivesNew YorkNewYorkobamaWed, 19 Aug 2009 17:45:00 EST<![CDATA[General Motors to boost output]]>http://www.bloggingstocks.com/2009/08/18/general-motors-to-boost-output/http://www.bloggingstocks.com/2009/08/18/general-motors-to-boost-output/http://www.bloggingstocks.com/2009/08/18/general-motors-to-boost-output/#commentsFiled under: , , , , , , , , , , , , , , ,

General Motors Cash for ClunkersThe government's "cash for clunkers" has been far more popular than anyone thought, prompting General Motors to boost production at several factories to keep up with demand.

While not everyone is so convinced that the "cash for clunkers" program is good for the economy, there is no doubt that the big American car makers are enjoying the benefits. Five days ago I wrote about the decision by Ford Motor Company (NYSE: F) to boost production by 15% above its prior estimates, and today General Motors announced it will raising output and bringing back employees that it had been forced to lay off.

Continue reading General Motors to boost output

General Motors to boost output originally appeared on BloggingStocks on Tue, 18 Aug 2009 17:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>auto makersAutoMakersautoscash for clunkersCashForClunkersemployeesFfeaturedFordGeneral MotorsGeneralMotorsunemploymentTue, 18 Aug 2009 17:10:00 EST<![CDATA[Ford boosts fourth quarter production]]>http://www.bloggingstocks.com/2009/08/13/ford-f-boosts-fourth-quarter-production/http://www.bloggingstocks.com/2009/08/13/ford-f-boosts-fourth-quarter-production/http://www.bloggingstocks.com/2009/08/13/ford-f-boosts-fourth-quarter-production/#commentsFiled under: , , , , , , , ,

Ford boosts fourth quarter productionWith so many people rushing out to take advantage of the "cash for clunkers" program, American auto maker Ford Motor (NYSE: F) has announced that it will be significantly boosting fourth quarter production.

There has been a lot of debate over whether or not the "cash for clunkers" program is good for the economy, but there is little debate as to its popularity. The program offers up to a $4,500 incentive for people exchanging their old gas guzzlers in for newer, more fuel efficient vehicles, and has been much more popular than anyone could have imagined.

Continue reading Ford boosts fourth quarter production

Ford boosts fourth quarter production originally appeared on BloggingStocks on Thu, 13 Aug 2009 15:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>autoscar dealersCarDealerscarscash for clunkersCashForClunkersChryslerFord focusFordFocusGeneral MotorsGeneralMotorsinthenewsused carsUsedCarsThu, 13 Aug 2009 15:20:00 EST<![CDATA[Congress approves $2 billion 'cash for clunkers' renewal]]>http://www.bloggingstocks.com/2009/08/07/congress-approves-2-billion-cash-for-clunkers-renewal/http://www.bloggingstocks.com/2009/08/07/congress-approves-2-billion-cash-for-clunkers-renewal/http://www.bloggingstocks.com/2009/08/07/congress-approves-2-billion-cash-for-clunkers-renewal/#commentsFiled under: , ,

Late Thursday night Congress approved another $2 billion for the "cash for clunkers" program.

On the Democratic side, Senator Debbie Stabenow of Michigan said: "The reality is this is a program that has been working. Consumers believe it's working. People who make steel and aluminum and advertisers -- and everyone who's involved in the larger economic impact of the auto industry -- believe it is working."

On the Republican side, Senator Judd Gregg of New Hampshire said: "What we are doing is creating debt -- The bill to pay for those cars is going to come due on our children and grandchildren."

Continue reading Congress approves $2 billion 'cash for clunkers' renewal

Congress approves $2 billion 'cash for clunkers' renewal originally appeared on BloggingStocks on Fri, 07 Aug 2009 08:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>car salesCarSalescash for clunkersCashForClunkersfeaturedinthenewsFri, 07 Aug 2009 08:00:00 EST<![CDATA[Why I hate cash-for-clunkers, and why you should too!]]>http://www.bloggingstocks.com/2009/08/06/why-i-hate-cash-for-clunkers-and-why-you-should-too/http://www.bloggingstocks.com/2009/08/06/why-i-hate-cash-for-clunkers-and-why-you-should-too/http://www.bloggingstocks.com/2009/08/06/why-i-hate-cash-for-clunkers-and-why-you-should-too/#commentsFiled under: , ,

The cash-for-clunkers deal has been getting a lot of coverage, and I hate it. I hate the program because I think it's bad for America, will lead to financial problems for the vast majority of people who participate in it, and won't help to solve the economic crisis.

First, a quick recap of how it works: You trade in your old car that gets low mileage and you get a taxpayer-funded rebate of up to $4,500 off the price of a new car. The rebate is $3,500 if the spread in fuel efficiency between the old car and the new car is smaller. In order to get the rebate, your old car has to be junked. In other words, this is not a deal that someone with a car worth more than $3,500 or $4,500 would take.

Continue reading Why I hate cash-for-clunkers, and why you should too!

Why I hate cash-for-clunkers, and why you should too! originally appeared on BloggingStocks on Thu, 06 Aug 2009 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CarsCash For ClunkersCashForClunkersfeaturedUsed CarsUsedCarsThu, 06 Aug 2009 16:40:00 EST<![CDATA[Will business pull us out of the recession?]]>http://www.bloggingstocks.com/2009/08/03/will-business-pull-us-out-of-the-recession/http://www.bloggingstocks.com/2009/08/03/will-business-pull-us-out-of-the-recession/http://www.bloggingstocks.com/2009/08/03/will-business-pull-us-out-of-the-recession/#commentsFiled under: , ,

Will business pull us out of the recession? Some analysts think we are headed that way. Businesses have slashed $141 billion in inventories in the past month. Is this enough? Will businesses now start rebuilding inventories? If so, it could be just the right medicine to jump start the economy.

Let's take the auto industry. Inventory levels are low and the industry expects production to increase by 60% in the third quarter. This increase will add 2% to our GDP, according to Edward McKelvey, analyst at Goldman Sachs Group Inc (NYSE: GS).

Continue reading Will business pull us out of the recession?

Will business pull us out of the recession? originally appeared on BloggingStocks on Mon, 03 Aug 2009 15:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cash for clunkersCashForClunkersGSinthenewsinventory levelsInventoryLevelsMon, 03 Aug 2009 15:40:00 EST<![CDATA[How about a $12 billion 'cash for clunkers' program?]]>http://www.bloggingstocks.com/2009/08/03/how-about-a-12-billion-cash-for-clunkers-program/http://www.bloggingstocks.com/2009/08/03/how-about-a-12-billion-cash-for-clunkers-program/http://www.bloggingstocks.com/2009/08/03/how-about-a-12-billion-cash-for-clunkers-program/#commentsFiled under: , , ,

The "cash for clunkers" program, once thought to be a minor, symbolic effort to stimulate the U.S. economy, actually may end up being substantive.

The program, which is designed to give rebates to enable citizens to trade in older vehicles for more fuel-efficient models, thus stimulating auto sales and the economy, ran out of its limited $1 billion allocation Congress approved earlier this year. So the U.S. House moved quickly last Friday to approve an additional $2 billion for the popular plan. Look for the Senate to follow, although the new proposal may be modified.

Continue reading How about a $12 billion 'cash for clunkers' program?

How about a $12 billion 'cash for clunkers' program? originally appeared on BloggingStocks on Mon, 03 Aug 2009 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>auto sectorAutoSectorcash for clunkersCashForClunkersinthenewsMon, 03 Aug 2009 09:00:00 EST