Ford Plans Chinese Catch-Up, Barnes & Noble Shuffles Its Executives, and 3 More Hot Stocks
Ford Motor Co. (NYSE:F): Though the company’s sales in China still fall well behind the leading brands, analysts are confident that the planned push by Ford — including six new models, the debut of the Lincoln brand next year, and substantial infrastructure investment — could allow Ford to get a grip on the huge market, which still has great potential.
Barnes & Noble (NYSE:BKS): CEO William Lynch announced his resignation from his post at the company, after a string of unprofitable quarters which has taken its toll on the bookseller. The firm says it has no “immediate plans” to name a new CEO to replace Lynch, although CFO Michael Huseby is now the head of Nook Media and the company’s president, and corporate controller Allen Lindstrom has been named Barnes & Noble’s new CFO.
Petroleo Brasileiro S.A. (NYSE:PBR): Spencer Jakab of the Wall Street Journal says that Petrobras is likely to remain under pressure as long as Brazil’s real stays weak, and that stubborn inflation and recent protests mean the government probably won’t help with further fuel increases any time soon. However, Emerging Money’s Tim Seymour thinks the selling is overdone, and Petrobras is starting to look “interesting” as oil prices hold, demand returns, and output improves, as reported by Seeking Alpha.
General Motors (NYSE:GM): GM says that the new Corvette Stingray, through technologies like Active Fuel Management (read: cylinder deactivation) and a new seven speed transmission, will be good for 29 miles per gallon during highway driving, an unprecedented figure for a high-performance car. With increasing pressure on automakers to lift fleet mileage numbers, expect other high-test cars to follow suit.
Southwest Airlines (NYSE:LUV): Revenue passenger miles grew 2.3 percent year-over-year for the carrier during the month of June, even in the face of a reduction in the number of flights flown during the month. The load factor also picked up by 60 base percentage points to 85 percent.