Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, July 6, 2012

Article Excerpt

FORD MOTOR CO., $9.50, New York symbol F, reports that its U.S. sales rose 7.0% in June 2012, to 207,759 vehicles from 194,114 in June 2011. That was higher than the consensus estimate of a 4.4% rise. The company recently launched a new version of its Escape sport utility vehicle. That helped spur a 24.8% jump in Ford’s overall SUV sales. Truck sales rose 1.2%, while sales of passenger cars rose 0.3%. The company also warned that its overseas operations would probably lose $570 million (before taxes) in the second quarter of 2012, mainly because the uncertain European economy is hurting its sales on the continent. These businesses had a pre-tax loss of $190 million in the first quarter. Even with this expected loss, Ford will likely report an overall profit for the second quarter, thanks to stronger results from its North American automotive and financing divisions. Ford is still a buy. Ford Motor was recently covered in the May 2012 issue of Wall Street…