Welcome to John Ransom’s Stocks In The News, where the headline meets the trendline.
Stock number one is:
Ford Motor Company, (SYMBOL: F) and the headline says:
Ford Focus Tops Global Car Sales
The Ford Focus, manufactured by Ford Motor Company, topped 2012 auto sales as the world looks for smaller passenger cars. Runners-up were the Toyota Corolla and the Ford F-Series pick-up trucks. Ford CEO Alan Mulally is the driver behind the company’s effort to compete more effectively around the world.
Earnings per share fell in 2012, and are expected to be down a fraction again in 2013, due to economic woes in Europe, a glut on the car market in South America, and margin pressures in China.
Ford stock has been trading sideways for three years.
Our Ransom Note trendline says: STAY ON THE SIDELINES.
Stock number two is:
ALCOA Inc., (SYMBOL: AA) and the headline says:
Alcoa Handily Beats First Quarter Earnings Estimates
Alcoa Inc., the largest U.S. aluminum producer, beat Wall Street estimates today with their first quarter earnings. Analysts expected 8 cents per share, and Alcoa delivered 11 cents per share, excluding one-time gains. The company has shifted its manufacturing focus toward more profitable products and solutions, filling an increased demand from the aerospace and auto industries.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 1st, 2014 | John Ransom
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