Consumer Cyclical Sector Review: Sony Rumors, Auto Sales Up
Sony Corporation (NYSE:SNE): Conventional Hollywood wisdom has held that the Sony Pictures Entertainment unit of corporate parent Sony (NYSE:SNE) would be vulnerable to a sale if and when Howard Stringer left the company, and now that Kazuo Hirai has replaced Stringer at the top, show business insiders will be buzzing about that potential again, according to the New York Times’ Media Decoder blog.
The shares closed at $17.09, down $1.1, or 6.05%, on the day. Its market capitalization is $17.15 billion.
Ford Motor Company (NYSE:F): U.S. auto sales in January jumped 11% over a year ago to their fastest pace in almost four years. A number of auto makers, showing new confidence in the U.S. economy, revealed billion-dollar expansions of their American factories.
The shares closed at $12.26, down $0.07, or 0.57%, on the day. Its market capitalization is $46.59 billion.
Tenneco Inc. (NYSE:TEN) reported Q4 revenue $1.78B vs. consensus $1.81B.
The shares closed at $34.23, up $1.64, or 5.03%, on the day. Its market capitalization is $2.06 billion.
Unifi, Inc. (NYSE:UFI) reported Q2 revenue $167.1M, up 3% from Q2 of FY11.
The shares closed at $8.50, down $1.31, or 13.35%, on the day. Its market capitalization is $170.75 million.
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