Ford on Monday, 03 June 2013

[notsorichbob]

O  -  15.93
H  -   16.44
L  -   15.88
C  -  16.32

[wijram]

Think Tank & All~

Today is da DAY!

Only about a 20 minutes to wait until the sales numbers for May will
be out.

Think that notsorichbob's HIGH is about right, maybe a little too LOW.

General markets UP modestly but nicely. Should give a good backdrop
for once.

Here is first economic report for the day. PMI Manufacturingbetter
than expected:

----
PMI Manufacturing Index
Released On 6/3/2013 8:58:00 AM For May, 2013

Prior Cons Consen Range Actl
Level 52.1 52.1 51.5 to 52.2 52.3

Market Consensus before announcement
The Markit PMI manufacturing flash index for May slipped fractionally
to 51.9 versus a final April reading of 52.1 and the mid-month April
flash reading of 52.0. These levels are virtually identical, all just
a bit over 50 to indicate modest monthly growth. A plus for the May
flash report was improvement in the new orders index which was up 1.3
points to 52.8 which points to a rising rate of monthly growth.
However, the latest reading still indicates modest forward momentum
for this sector. Other readings are mixed with backlog orders steady,
inventories moving lower, price pressures rising slightly, and hiring
slowing.

[in...@eagleconnector.com]

 

I hope that this posts.

 

Google would not let me post on Thursday, and I was away on Friday.

 

O - $15.83

H - $16.24

L - $15.74

C - $16.05

 

John

[wijram]

Think Tank & All~
Looking like we will have a DOUBLE GAP UP ($16.88) or better to start
the day!
And then, at the moment the market opens, F's sales report will be
out!
Opps, news of a HUGE recall (460K vehicles) for gas tank leak just
out. A wild card that we do NOT need today!

Anyway, my early numbers follow. May REVISE before the OPEN.

O: $15.94
H: $16.45
L: $15.85
C: $16.40


On Jun 3, 8:13 am, "in...@eagleconnector.com"

[Chuck D]

O: 16.01

H: 16.42

L: 15.98

C: 16.22

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[wijram]

Think Tank & All~

Ford sales HIGHER than predicted! 246,585 vehicles SOLD!

HOT DAMN!

[wijram]

Think Tank & All~

I'm looking forward to the comparison between Ford's sales numbers and
GM's. Ought to boost the price of F common another dime!

Anyway, here is a better summary of the Ford report:

----
Ford May U.S. New Vehicle Sales Rose 14% on Strong F-series Pickup
Sales 06/03 03-Jun-13 08:46:00

Ford Motor Co.'s (F:$16.04,00$0.36,002.30%) U.S. new-vehicle sales
rose 14% in May from a year earlier, reflecting strong demand for F-
series pickup trucks.

Results were ahead of expectations from car-shopping website
Edmunds.com.

Edmunds had projected Ford's May sales would increase 13% on the year.
Broadly, U.S. new auto sales for May are expected to rise 6.5% from a
year earlier and jump 11% from the prior month, according to Edmunds.

Ford said it sold 246,585 vehicles in the U.S. during May, up from
216,267 a year ago and 16% above April's total of 212,584.

The Ford brand, the company's largest, saw sales jump 14%, while
Lincoln sales edged up 0.4%.

Company-wide, May car sales climbed 9.4% and truck sales jumped 18%,
aided by a 31% rise in the sales of F-series pickups. Utility-vehicle
sales were up 15%.

Ford's Escape sales increased 26%, while Ford Fusion sales grew 10%.

May had 26 selling days both this year and a year ago.

Ford also said it plans to build 740,000 vehicles in the third
quarter, a 10% increase from the 673,000 vehicles produced a year
earlier.

The third-quarter plan includes the company's recent announcement to
add 40, 000 vehicles from a reduced July summer shutdown and the
addition of 200,000 units of annualized straight-time capacity
starting in the fall of this year.

Ford has been expanding its car portfolio, refreshing its F-series
pickup- truck line and reining in incentives as part of an effort to
boost its performance in the U.S. The company reported in April its
first-quarter profit climbed 15% as a record performance in the North
American division offset softness in other regions around the world.

Earlier Monday, Chrysler Group LLC reported its U.S. auto sales rose
11% in May, thanks in part to a double-digit percentage rise in Dodge
brand sales. Other major auto makers are expected to report their
monthly U.S. sales results later today.

Ford shares were recently trading 2.3% higher at $16.04.
----

[notsorichbob]

I'm listening to the sales conference. Everything sounds great - what scared twenty cents off the trading board?

[wijram]

Hey nsrb~

I have no idea of what caused the drop.

Ford sales UP 14% and production increases for next quarter are
announced while GM sales up 3%. Yet F price UP .19% while GM price
UP .97%!

The only thing I see that might be a factor is the F recall for those
gas tank leaks.

[notsorichbob]

Wijram,
We closed the recent up gaps.  I put in a buy order if we go lower.  A firm NON believer in charting, yet what can I say. When I can still remember saying to myself "wish I had bought yesterday" and you see the price again - what's a sane person to do?
nsrb

[in...@eagleconnector.com]

I believe that the blue light is flashing again.  The big guys want to shake me out so they can reload.  I think we are higher soon.

 

John