Consumer Cyclical Sector Review: Sony Strategy, Ford Exports to South Korea
Sony Corporation (NYSE:SNE): Among the decisions Sony Corp.’s (NYSE:SNE) new CEO Kazuo Hirai faces is how to approach the company’s movie and music divisions, whose profits are key to offset deep losses elsewhere at the company, by either directly involving himself or turning it over to another person in the U.S., reports the Wall Street Journal.
The shares closed at $19.21, up $2.12, or 12.4%, on the day. Its market capitalization is $19.28 billion.
Modine Manufacturing Co. (NYSE:MOD) sees FY12 y/y sales growth 8%-10% vs. consensus $1.68B. Sees FY12 operating income margin 4.1%-4.5%, CapEx $70M-$75M.
The shares closed at $10.00, down $1.25, or 11.11%, on the day. Its market capitalization is $467.27 million.
Ford Motor Company (NYSE:F) is looking to increase exports of new vehicles to South Korea this year by 50% in the wake of a free trade deal, the Detroit News reports.
The shares closed at $12.79, up $0.53, or 4.32%, on the day. Its market capitalization is $48.60 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 firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com