Orlando, FL -- (SBWIRE) -- 09/11/2013 -- 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 Ford Motor Company (NYSE:F), General Electric Company(NYSE:GE).
Ford Motor Company (NYSE:F) shares gained 1.39% to $17.55. The company on Sept. 10 said its European sales in August again outpaced the overall industry in a traditionally slower month, driven by strong demand for the new B-MAX, Kuga and Transit Custom. Ford also confirmed that it is accelerating significantly the number of new vehicle introductions in Europe.
Additionally, 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.
Are investors worried about the recent updates with F? Find out with a free trend analysis HERE
General Electric Company(NYSE:GE) shares increased 2.05% to $23.87. The company on August 30 is reportedly plotting to exit the retail banking business by spinning off GE Capital, the conglomerate's massive financial arm that caused serious angst during the Wall Street crisis. The move highlights the end of the credit boom as well as GE’s efforts to leave itself less exposed to the banking business following the scary 2008 financial meltdown.
According to The Wall Street Journal, GE has hired bankers from JP Morgan Chase (JPM) and Goldman Sachs (GS) to work on a possible initial public offering of GE Capital.
Moreover, the company on August 27 said a partnership with China XD Electric Co. (601179) will help double sales of power transmission products and services in its digital energy business to $4 billion annually in the next decade. GE’s 3.38 billion yuan ($552.2 million) purchase of a 15 percent stake in XD Electric, a power equipment maker, was completed today, 15 months after it was announced, according to a statement. GE and China XD also agreed to form a joint venture to sell grid-automation equipment in China, the companies said.
Is GE going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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