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Ford's Investment in India Is Paying Off

Ford (F) has been successfully solidifying its position in the Indian car market over the last year when it launched Ford Figo. Booming sales of the Ford Figo helped Ford India post a 184% growth in sales in 2010. This helped Ford compete globally with automakers like GM (GM), Daimler (DKX), Honda (HMC), Toyota (TM), Maruti Suzuki, Hyundai and others. We believe Ford's transformed position in India and its aggressive growth plans can provide significant upside potential to Ford's stock value.

We have a price estimate of $20.59, which is around 42% above the current market price.

Continue reading Ford's Investment in India Is Paying Off

Fiat's Natural Gas vs. GM and Toyota's Electric Car

Fiat logoSergio Marchionne, CEO of Chrysler, said that Chrysler plans to introduce a Fiat in the U.S. powered by natural gas. Bloomberg/Businessweek quotes Marchionne: "Natural gas engines offer a better way to cut emissions because they are cheaper than competing technologies."

Fiat is the leader in Europe in natural gas engines with 80% share of methane powered cars and 55% of light commercial vehicles. Alfredo Altavilla, quoted in Bloomberg/Businessweek said natural gas is a "more affordable solution" as it is less expensive to produce transport and distribute compared with other fuel sources.

Continue reading Fiat's Natural Gas vs. GM and Toyota's Electric Car

Auto Sales Stumbled in September

auto salesSales for most major auto makers were down in September from August, as reported by MSNBC. Ford (F) was the standout with sales up 2%. Here are the numbers for the other companies:

  • General Motors (GM) sales declined 3%.
  • Chrysler was up less than 1%.
  • Toyota (TM) fell less than 1%.
  • Nissan (NSANY) was down 3%.

Continue reading Auto Sales Stumbled in September

Honda Catches the Toyota Brake Recall Flu

It should come as a surprise to no one that there has arrived yet another auto industry recall, similar to the ones recently experienced by Toyota Motor Corp (TM). According to RTTNews, over 400,000 cars produced by Honda Motors LTD (HMC) are being recalled for braking issues.

Honda owners are complaining that the brake pedals in their cars have become soft and low-riding over time. Honda Motors has attributed the problem to the vehicle stability assist modulator, stating that an accumulation of air is causing the problem.

Continue reading Honda Catches the Toyota Brake Recall Flu

Closing Bell: Stock Market Snow Day! (ADBE, BIDU, HMC, S, MU, DF)

Today was one of those days that held up despite the negative tape throughout much of the day and despite another call for a crash. Washington D.C. was closed, much of New York City was closed, and the volume was frequently light enough that this might as well just be considered a throw-away day. Or a market snow-day.

Here were today's unofficial closing bell levels:

Dow 10,038.16 -20.48 (-0.20%)
S&P 500 1,068.15 -2.37 (-0.22%)
Nasdaq 2,147.18 -3.69 (-0.17%)

Top Day Trader Stocks
Top Analyst Upgrades-Downgrades

Continue reading Closing Bell: Stock Market Snow Day! (ADBE, BIDU, HMC, S, MU, DF)

Auto Sales Surge in December, Capping Dismal Year

The auto industry probably doesn't want to look back on 2009. Ignore the rearview mirror; put it in drive and move forward. At least the dismal year ended on a high note. Despite a total sales decline of 21.2%, to 10.4 million units, the industry gets to celebrate a 15.1% increase in sales for the month of December, according to Autodata.

For the Detroit crowd, Ford (F) led the pack, with December sales up almost a third. General Motors (GRM) ticked 5.7% higher, with Chrysler up 3.7% for the month.

Continue reading Auto Sales Surge in December, Capping Dismal Year

Earnings highlights: Baidu, Dreamworks, Honda, Microsoft, Target, Verizon ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Baidu, Dreamworks, Honda, Microsoft, Target, Verizon ...

Daimler, Honda slump following earnings reports

Tuesday, Daimler AG (NYSE: DAI) reported that it returned to profitability in the third quarter of 2009, and Honda Motor Co. Ltd. (NYSE: HMC) posted much lower fiscal second quarter earnings, but which were better than the loss the company had earlier expected.

In line with previously released preliminary results, Daimler posted a net profit of 56 million euros ($83.2 million), or 0.04 euros per share, down from 213 million euros ($316.5 million) in the same quarter of 2008. And it said revenue fell to 19.3 billion euros ($28.7 billion) from 24.5 billion ($36.4 billion) a year ago. The slump in sales was most substantial in its Daimler Trucks and Mercedes-Benz Vans units.

Continue reading Daimler, Honda slump following earnings reports

Comfort Zone Investing: Road signs, good and bad, to navigate the market

Unlike Commissioner Gordon who can send out the Bat signal to call his helpmate against crime, there is nothing investors can do to summon aid in times of stress. They have to go it alone. But they can be armed with intelligence that helps. Here are few of the most prominent data points that will make a difference for all stocks, a macro perspective that should make navigating the stock market highway a little easier.

However, taken on a one-time basis, these aren't going to solve the mystery that is the market. Rather, data has to show a trend before it can be used. Even then, a trend stops and another begins. So even though the trend can be your friend, it can just as easily turn and become your enemy. As they used to say on Hill Street Blues: Be careful out there.

Continue reading Comfort Zone Investing: Road signs, good and bad, to navigate the market

General Motors comes to dealers rescue

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

Q2 to be tough on earnings, but some improvement

Quarterly earnings could be up year-over-year by the fourth quarter. A low threshold for improvement, as a result of last year's Q3 financial meltdown, could set the stage for the appearance of a recovery, but the ride from here to there will be a difficult one.

Data from Bloomberg and S&P suggests that profits for stocks comprising the S&P 500 Index may be down 21% next quarter. It's still a double-digit blow, but a better result than Q2's estimated 34% -- and far ahead of Q1's 60% year-over-year fall in profits. The driver of a recovery, however concealed by low expectations, is likely to be a combination of unemployment and consumer spending. Last month, we saw unemployment reach a 26-year high, putting obvious constraints on purchasing.

Continue reading Q2 to be tough on earnings, but some improvement

Auto sales show signs of stability

Auto sales continued to drop in June, but we are starting to see signs that sales may be beginning to stabilize a bit.

The auto industry is still in deep trouble. It is going to take a while before things get back to normal, but before things can even start to improve, they have to stop worsening, and that's what may be happening.

Continue reading Auto sales show signs of stability

Analyst upgrades, downgrades and initiations: CLX, ED, JBHT, HMC, PCG ...

Analyst upgrades:
  • Deutsche Bank upgraded Spartech (NYSE: SEH) to Buy from Hold as it sees further upside following the company's "strong" Q2 results. The firm raised its target on shares to $10 from $2.50.
  • Oppenheimer upgraded Clorox (NYSE: CLX) to Outperform from Underperform. The firm believes the company's FY10 outlook is conservative, providing room for upside, and that the valuation is compelling at current levels. Opco set a $70 price target on the stock.
  • Goldman upgraded Steel Dynamics (NASDAQ: STLD) to Buy from Neutral and raised its target to $20 from $16, citing reduced balance sheet concerns following the capital raise. Note that AK Steel (NYSE: AKS) was downgraded to Neutral from Buy.
  • PG&E (NYSE: PCG) was upgraded to Buy from Hold at Citigroup.
  • Pool Corp. (NASDAQ: POOL) was upgraded to Outperform from Market Perform at William Blair.
  • Liberty Property Trust (NYSE: LRY) was upgraded to Outperform from Market Perform at Wachovia.

Continue reading Analyst upgrades, downgrades and initiations: CLX, ED, JBHT, HMC, PCG ...

Comfort Zone Investing: Is Ford a buy?

Ford (NYSE: F) is the last of the "Big" Three standing on its own two feet. Chrysler and General Motors (OTC: GMGMQ) are on crutches supplied by the federal government. While they're both still upright, those crutches are mighty expensive (the government will own 60% of GM when it emerges from bankruptcy).

Speaking of bankruptcy, Chrysler is already on the other side and now a partner with Fiat. That was perhaps the fastest legal action ever seen. Usually bankruptcy takes between 18 months to two years before a new company emerges.

Continue reading Comfort Zone Investing: Is Ford a buy?

Honda to cut incentives as it forecasts rising demand in 2009

Every global automaker is facing sliding sales, employee layoffs and plant re-tooling in the midst of a massive and lasting shift in consumer buying habits (especially in the United States). Honda Motor Co. (NYSE: HMC) -- while not hurting as much as American domestic manufacturers -- has seen drops in year-over-year auto sales. Still, the Japanese automaker will be lowering purchasing incentives as it believes there is a recovery coming soon to its sales.

Continue reading Honda to cut incentives as it forecasts rising demand in 2009

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DJIA-89.2312,801.23
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Last updated: February 11, 2012: 02:11 AM

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