Ford Announces 2014 Global Launch of Ka Concept and 2 Other Hot Stocks to Watch
Ford Motor Co. (NYSE:F): Current price $16.83
As Ford is driving at attaining 8 million in annual sales by the middle of the decade, it will introduce its least expensive global small car in 2014, the Ka Concept, targeted at first time auto buyers in emerging markets. The automaker intends to sell the model for less than its Fiesta subcompact, and hopes that chrome accents and a more sturdy construction will win over buyers in markets like Brazil, where Executive Chairman Bill Ford is debuting the car Wednesday. Ford South America’s design chief, Ehab Kaoud, commented to reporters last week, “I kept telling the designers: ‘Guys, no tin can. This is the smallest car we do. But when you look at it, it really exudes premiumness.”
Advanced Micro Devices Inc. (NYSE: AMD): Current price $3.49
On Wednesday, AMD launched the AMD Radeon R9 270 graphics card, the most recent addition to the award-winning AMD Radeon R9 Series GPUs, an impressive series of GPUs that represent a new era of PC gaming. The AMD Radeon R9 270 GPU joins the AMD Radeon R9 270X, R9 280X, R9 290, and R9 290X graphics cards, all created for enthusiast gamers who expect next-generation hardware that can move past the boundaries of realism and performance. The AMD Radeon R9 270 graphics card is made for gamers who want to play the latest games at 1080p with high settings.
Health Management Associates Inc. (NYSE:HMA): Current price $13.24
Health Management Associates reported on Wednesday its board supports its proposed takeover by Community Health Systems after a review period brought on by activist investor Glenview Capital. The company’s previous board had agreed to the deal at $10.50 in cash plus 0.06942 per share of Community Health common stock, or around $13.44, per Health Management share, plus a contingent value option of as much as $1 per share, back in August. However, a decline in Community Health’s share price now puts the deal value at $3.6 billion plus the contingent value right versus the $3.9 billion when first announced.
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