Consumer Cyclical Sector Review: Ford’s New Deal, Nike Bargains Hard

Ford Motor Company (NYSE:F): I.D. Systems (NASDAQ:IDSY), a leading provider of wireless solutions for tracking, securing and managing high-value enterprise assets, today announced it will be working with Ford Motor Company (NYSE:F) to expand its deployment of I.D. Systems’ wireless Vehicle Management System (VMS) on industrial trucks in Europe and North America. In Europe, I.D. Systems’ VMS is being launched or expanded at Ford plants in the UK, Romania, and Spain, with account and project management provided by I.D. Systems’ subsidiary, I.D. Systems GmbH.

The shares closed at $12.61, up $0.27, or 2.19%, on the day. Its market capitalization is $47.92 billion.

NIKE, Inc. (NYSE:NKE) does its part in Athens, by leasing an 8,300 square foot prime retail space for at least less than 43% than the previous tenant. The space had been vacant for two years. Nike’s landlord is the Greek civil servants pension fund, and Greek retail sales have been diving for months hitting 8.1% year-over-year.

The shares closed at $101.58, up $0.72, or 0.71%, on the day. Its market capitalization is $46.62 billion.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com