Showing posts with label Ford. Show all posts
Showing posts with label Ford. Show all posts

Stocks In Focus: Ford Motor Company (NYSE:F) & Domino's Pizza, Inc. (NYSE:DPZ)


Ford Motor Company(NYSE:F) is recalling more than 154,000 Fiesta subcompacts from the 2011 to 2013 model years in order to make changes in side air bag system.

Cars built in Mexico from Nov. 3, 2009 to Sept. 21, 2012 are suffering with a problem where the side bag won't inflate to protect rear-seat passengers in some crashes if the front seat is empty.

How Should Investors Trade Ford Now? Find Out Here

Stating in a document filed with the National Highway Traffic Safety Administration Ford meets the federal safety standards, “but the right rear seating position may not have coverage of the side air curtain in certain crashes.” 

Assuring to do the repair in free, Ford further assures of dealers, who will reprogram the computer controlling the side air bag which will inflate whether the front seat is empty or not.

Shares of Domino's Pizza, Inc.(NYSE:DPZ) rose 7.64% to $41.16 in Tuesday’s session. With a rise of 18% in the third quarter profit it beat the Wall Street expectation.

Hard work being paid with improvement in sales in the U.S and overseas, as the pizza chain expanded its operation internationally and opened 121 stores in the quarter. Surpassing the 10,000 store count in the quarter was the chain.

Further new marketing schemes were improvised; the recent pan pizza version and it even reformulated its basic recipe and offered special limited-time pizzas.

Dominos reported an increase in earnings by 8 cents at 44 cents per share or $3.9 million at $26 million for the quarter in comparison to that of last quarter. Further revenue increased by $1.8 or 1 percent to $378.1 million.

This beat the $376.4 million that Wall Street forecast. A 2% fall in cost of sales in the quarter was reported.
Same-store sales in the United States rose 3.3%, while international same-store sales grew by 5%.

“Our system’s ability to repeat and maintain strong results, coupled with our commitment to innovation and continuous improvement, gives us confidence that we have lots of runway for growth in the years to come,” 
quoted J. Patrick Doyle, Domino’s President and Chief Executive Officer.
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U.S. auto sales the best in 4½ years - General Motors (GM), Ford Motor Company (NYSE:F)


Cheap financing, improving consumer confidence and a rebound by Toyota Motor Corp have all contributed to the most spectacular auto sales in the past 4 ½ years in the U.S.

While analysts had estimated sales of 14.5 million units, the actual sales on an annualized basis till September were 14.94 million, the highest rise since March 2008, four months after the U.S. recession of 2007 to 2009 began.

The sales for September month rose to 1,188,865 new vehicles, up 13 percent. Analysts had expected only a 9 percent increase. According to General Motors Company(NYSE:GM) and Ford Motor Company(NYSE:F), rising home prices and fewer jobless claims were the reasons for the rise in car purchases.

Easier availability of cheap financing was another factor which spurred auto sales. A large number of Toyota buyers last month received in no interest loan.

How Should Investors Trade The Auto Sector Now? Find Out Here

"The money is so cheap now," said an analyst at TrueCar.com, and added, "Higher resale values and cheap money has been enabling automakers to offer some of the most attractive leasing programs we've seen in years."

"I think in general with the economy chugging along at about 1.5 percent to 2 percent that we are gradually seeing people come back," said Ellen Hughes-Cromwick, chief economist at Ford.

The largest U.S. automaker General Motors has said that the sales of its mini, small and compact cars nearly doubled last month. Ford’s small car sales were also up by 73 percent. This is because the rise in fuel prices has encouraged people to shift from trucks to cars.

"There has been a fundamental shift of truck to car that we've been seeing for the past few years," said Don Johnson, sales chief at Chevrolet, and went on to say that the September results indicated a continuation of that trend.

At closing bell, Ford shares were trading at $9.79, down 1.4 percent. On the other hand, the General Motors stock had climbed a 2.6 percent and was changing hands at $23.68.
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