Orlando, FL -- (SBWIRE) -- 09/09/2013 -- 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), Micron Technology, Inc. (NASDAQ:MU).
Ford Motor Company (NYSE:F) shares declined 1.73% to $17. 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.
Are investors worried about the recent updates with F? Find out with a free trend analysis HERE
Micron Technology, Inc. (NASDAQ:MU) shares gained 0.59% to $15.26. Altera Corporation (NASDAQ: ALTR) and Micron Technology, Inc. on Sept. 4 announced they have jointly demonstrated successful interoperability between Altera Stratix® V FPGAs and Micron's Hybrid Memory Cube (HMC). This technology achievement enables system designers to evaluate today the benefits of HMC with FPGAs and SoCs for next-generation communications and high-performance computing designs. The demonstration provides an early proof point that production support of HMC will be delivered with Altera's Generation 10 portfolio, in alignment with market timing, and includes both Stratix 10 and Arria 10 FPGAs and SoCs.
Additionally, MU‘s stock had its “hold” rating reaffirmed by analysts at TheStreet in a research report issued to clients and investors on August 26. Separately, MU’s stock had its price objective raised by Nomura from $12.00 to $14.00 in a research report released on August 14. Nomura currently has a neutral rating on the stock.
Is MU going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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