Here are six stocks the Yahoo Finance team will be watching for you today.
First up, Ford (F), which reported that it boosted sales by nearly 50% last year in the world's largest auto market: China. That's a record for the company. Ford beat its Japanese rivals, Toyota (TM) and Honda (HMC), but still trails far behind G.M. (GM) and Volkswagen. The U.S. auto giant reported December sales were up 35% in China year-over-year. Ford is up over 15% since this time last year.
Next, we have two stocks for you, Liberty Media (LMCA), and Sirius XM (SIRI). Liberty has been downgraded by Citigroup (C) to neutral from buy. Citi also lowered its price target for shares to $160 from $190. The downgrade comes after Liberty offered to acquire Sirius and make it a wholly owned subsidiary. Liberty currently owns 52% of Sirius. The proposal values Sirius at $3.68 per share - a 3.1% premium to its closing price of $3.57 on Friday. Citi lowered its price target for Sirius to $4.15 - from $5 after the takeover offer. It cited the lower price target for Sirius as the reason for the Liberty downgrade. Sirius has risen close to 16% in the last year while Liberty has risen more than 33%.
Now, Men's Wearhouse (MW) which just won't take no for an answer from its rival Jos. A. Bank. (JOSB). Men's Wearhouse has upped its offer to buy Jos A Bank to $57.50 per share after its offer back in November of $55 was rejected. It’s been an ongoing back-and-forth battle between both companies as to who will buy whom. Jos. A. Bank shares are up almost 25% in the last year while Men's Wearhouse has risen close to 55%.
Finally, T-Mobile US (TMUS), which is up close to 2% in early trading. T-Mobile could see movement today as it announced it will buy a chunk of spectrum from Verizon Wireless for $2.365 billion in cash and the transfer of spectrum licenses worth $950 million. The transaction will give T-Mobile important low-band spectrum in 21 of the top 30 U.S. markets -- in other words, better coverage for customers. T-Mobile shares are up close to 69% since last year.
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