Orlando, FL -- (SBWIRE) -- 09/06/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Facebook Inc(NASDAQ:FB), Ford Motor Company (NYSE:F).
Facebook Inc(NASDAQ:FB) shares increased 2.11% to $42.66. The company on August 29 said it is considering incorporating most of its 1 billion-plus members' profile photos into its growing facial recognition database, expanding the scope of the social network's controversial technology.
The possible move is intended to improve the performance of its "Tag Suggest" feature. The feature uses facial recognition technology to speed up the process of labeling or "tagging" friends and acquaintances who appear in photos posted on the network.
Additionally, the company on August 13 plans to buy the maker of a speech recognition and language translation app, providing technology that could bolster the social networking company's mobile efforts. Facebook did not disclose the financial terms of its deal for Pittsburgh-based Mobile Technologies.
Moreover, the company on July 24 reported second quarter adjusted EPS of $0.19, up from $0.12 in the previous year. The consensus estimate was for EPS of $0.14. Revenues rose 53% to $1.81 billion from $1.18 billion in the same quarter last year. The consensus estimate was for revenues of $1.62 billion.
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Ford Motor Company (NYSE:F) shares gained 2.31% to $17.30. The company on Sept. 4 said its August U.S. retail sales grew 20% with total sales up 12% for the best monthly retail performance since 2006. With inventories remaining tight in several key segments, retail sales gains were broad-based. Car sales were up 15 percent, utilities up 16 percent and trucks up 30 percent. Ford continued to see strong growth in the coastal regions.
Ford's overall small car sales - including Fiesta, Focus and C-MAX hybrids - were up 30 percent, with combined sales of 30,148 vehicles. C-MAX hybrids contributed 44% of Ford's small car growth in August. Fiesta sales increased 61%, for the best August Fiesta sales ever.
The company also announced it will build 785,000 vehicles in the fourth quarter of 2013, a 7 percent increase (50,000 vehicles) from the fourth-quarter of 2012. Third-quarter production of 740,000 vehicles is unchanged from previous guidance.
Is F going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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