Has succession spooked this stock...we seemed on target for another positive day when the stock went into sudden freefall...the only news I see is announcement that Mullaly remains till 2014 and Fields is COO. Any news I've missed??
So Sandy put a damper (sorry for the pun) on October sales. So? No big deal for Ford. Those sales will be made up, and then some, in November and December. Plus, lots of people in New York and New Jersey now own cars full of salt water. They're going to need new cars.
Hoping (and expecting) to see $12 plus before my December calls near expiration.
October sales report this morning was flat YOY AND there is going to be a little fade from yesterday's run as some traders back away from the table. The big key is the neckline on inverse H&S was broken up through yesterday which signals and eventual move to mid/upper 12's. Stay calm.
P.S. Anyone have October numbers on Fusion sales YOY. Some posters have been indicating a slow rollout of the new model in their areas. Wondering if production is slow out of the gates. Dr.Det, Moe, anybody????
Smalls, I think that Ford was taking a very slow, cautious approach to the Fusion rollout to make sure that it was done right - especially given the issues the Escape had on its rollout over the summer. Given that it is Ford's midsize entry, Fusion had to come out of the gate as smoothly as possible, and any problems would immediately get attention.
If a slow rollout and ramp-up are necessary to make sure that the product is right, then I'm all for it.
Here isw report I read this AM...seemed like good news...but...stock appears to be imploding:
DEARBORN, Mich., Nov. 1, 2012 /PRNewswire/ --
Ford October small car sales total 25,493 vehicles – the company's strongest October small car sales in 11 years – with a 54 percent increase year over year
Escape compact utility sales increased 4 percent for the month; 19,832 Escape sales mark best October sales since 2001 In its first full month on sale, C-MAX sells 3,182 vehicles
F-Series posts its best October sales since 2004, providing its 15th consecutive year-over-year monthly sales increase; sales totaled 56,497 pickups – an 8 percent increase
U.S. sales at the Ford Motor Company (F ) total 168,456 vehicles in October, unchanged from a year ago; retail sales up 2 percent compared to last year
Ford total U.S. sales grew across the portfolio in October, with cars up 2 percent, utilities up 2 percent, F-Series pickups up 8 percent and Econoline and Transit Connect sales up 19 and 22 percent, respectively