Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, December 4, 2015

Article Excerpt

FORD MOTOR CO., $14.19, New York symbol F, reported lower-than-expected vehicle sales this week. In November 2015, the company sold 187,794 cars and trucks in the U.S., up 0.4% from 187,000 in November 2014. Ford offered fewer incentives to buyers, which is why the latest sales missed the consensus estimate of a 3.2% gain. Truck sales increased 18.3%, helping offset lower demand for cars (down 11.5%) and sport utility vehicles (down 9.6%). The company’s truck sales continue to benefit from low gas prices and improving demand for the new F-150 pickup, which uses lightweight aluminum body panels to improve fuel efficiency. To keep up with that demand, Ford will invest $1.3 billion to increase F-150 production at its plant in Kentucky. To put this cost in perspective, the company earned $1.9 billion, or $0.48 a share, in the three months ended September 30, 2015. OUR RECOMMENDATION: Ford is a buy. Ford recent coverage Hotline for September 4, 2015 Hotline for June 5, 2015 HONDA MOTOR CO…