Ford Motor, BofA, Cisco, Micron Tech, Sprint Lead High Volume Stock Movers Feb. 6th
Ford Motor Company (NYSE:F): Ford confirmed it sent General Motors (NYSE:GM) a formal letter asking GM to pull a Chevrolet Super Bowl ad that implies a Ford truck owner dies along with much of the rest of humanity as a group of Silverado owners ride out the apocalypse, the Detroit News reports. Ford is demanding that GM permanently remove the commercial from its website, YouTube and Facebook pages. GM says the ad was “good-humored”.
Bank of America Corp (NYSE:BAC): California is close to agreeing to the main points of a settlement reached by the Obama administration with the nation’s banks over improper mortgage foreclosure procedures, The New York Times reported yesterday. New York’s attorney general indicated that he has moved closer to signing off on the deal, the newspaper added.
Cisco Systems, Inc. (NASDAQ:CSCO): A new initiative from ADP Dealer Services (NASDAQ:ADP) will let car shoppers have access to Cisco’s (NASDAQ:CSCO) Android tablet, the Cius, while shopping at dealerships, reported Business Insider.
Micron Technology, Inc. (NASDAQ:MU): After the death of Micron CEO Steve Appleton, Oppenheimer believes the company has a deep executive bench and several positive catalysts this year.
Sprint Nextel Corporation (NYSE:S): Apple (NASDAQ:AAPL) leaped past Samsung and LG to become the best-selling U.S. handset brand in the fourth quarter of 2011, said NPD Group, a research firm. In a quarter that featured the launch of the iPhone 4S and the addition of Sprint (NYSE:S), Apple’s three available models combined to capture 43% of the U.S. smartphone market in Q4, NPD added. However, Google’s (NASDAQ:GOOG) Android operating system maintained a 48%-43% over Apple among U.S. smartphone buyers, and among the first-time smartphone buyers in Q4, 57% purchased Android phones compared to just 34% who purchased iPhones, the firm added.
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