Today’s Research Reports on Stocks to Watch: Ford and General Motors
NEW YORK, NY / ACCESSWIRE / February 7, 2017 / Ford and GM shares were two automakers climbing high on Tuesday, seeing big gains as the market started to see a correction. General Motor reported stellar fourth quarter results yesterday in which the company's CEO referred to the year as a "transformative year."
RDI Initiates Coverage on:
Ford Motor Company
https://rdinvesting.com/report/?ticker=F
General Motors Company
https://rdinvesting.com/report/?ticker=GM
Ford Motor Company shares closed up 5.08% on Tuesday with nearly 140 million shares traded. Compared to an average trading volume of almost 41 million shares, trading volume for Ford was explosive yesterday. Though there was no big news yesterday to explain the move other than rival GM reporting their fourth quarter earnings and the market bounce from days of losses. Ford had released its earnings almost two weeks ago that missed in earnings per share. The company did however saw a 333% gain YOY. Comparing the company to GM, GM has seen consistent YOY declines. Ford also reported higher revenue at $41.3 billion compared to GM's $37.7 billion. Ford's CFO said during the company's earnings release, "Our balance sheet remains strong and we are focused on improving the company's fitness to strengthen future results."
Access RDI's Ford Motor Company Research Report at:
https://rdinvesting.com/report/?ticker=F
General Motors Company shares closed up 5.87% as the market bounced back on Tuesday. The stock traded a little over 26 million shares yesterday, more than double compared to usual. The automaker saw gains after releasing its fourth quarter financial results which beat Wall Street's expectations. The company's CEO Mary Barra called the year a "transformative year for GM" with the company seeing record performance. The gains yesterday were the most the stock has seen in four months. For the fourth quarter, GM reported adjusted EPS of $1.65 a share. Analysts had been expecting $1.39 a share. Revenue came in at $37.7 billion while analysts were waiting for $37 billion. Evercore ISI analysts remarked that the company's Q4 earnings "exemplifies what we have seen from GM in recent years, namely a business which is being well managed with consistent results, and benefitting from on-going cost reductions and steady product cadence." The firm also said, "Few may want to buy autos today, however, we believe that GM is undervalued." They continued in a note to clients, "This narrative is powerful. While there remains a great debate as to the timing (i.e. recognition of profits from ongoing investments) we believe GM is right to allocate more capital to mobility, regardless of driverless vehicle applicability long-term, as the bigger opportunity to us has always been the 'data'," the analysts said. Shares of the stock are up 15% in the last twelve months.
Access RDI's General Motors Company Research Report at:
https://rdinvesting.com/report/?ticker=GM
Our Actionable Research on Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
