Ford Relieves Fusion Pressures, Facebook Strength Could Slow Exec Exits, and 3 More Hot Stocks
Ford Motor Co. (NYSE:F): Increased production capacity should alleviate the constraints for Fusion output, as the company is readying a second plant to manufacture the model. A facility in Flat Rock, Michigan, will be able to push out 100,000 Fusion sedans per year, according to the company. The midsize sedan is coming off one of its best months ever, as automakers enjoyed robust demand through August.
Facebook (NASDAQ:FB): Upstart firm Uber has poached Facebook’s former international growth chief, Ed Baker, to be its head of growth, one of the latest in a string of post-IPO executive departures for the firm. However, this past summer has proven that the company is able to support itself despite its disastrous after-IPO stock performance, and it may slow the executive bleeding, Seeking Alpha says.
Netflix (NASDAQ:NFLX): Morgan Stanley estimates that there are 79 million broadband-using households in the U.S. and predicts that there will be 89 million by 2017. Further, the firm believes that 45 million to 60 million U.S. households actually have “devices capable of bringing Netflix to TVs” and expects that number to “converge with broadband households” in time. Based on its growth hypothesis, the firm has lifted its price target on Netflix to $314 from $270.
Pandora Media (NYSE:P): Pandora shares are racing after the streaming service announced that its August listening hours totaled 1.35 billion, up 5 percent over July and up 16 percent year-over-year. Pandora’s share of U.S. radio listening rose to 7.46 percent, still below February’s 8.48 percent, before the 40-hour listening cap was implemented. Active listeners grew 1 percent over July and 28 percent year-over-year to 72.1 million.
Kohl’s Corp. (NYSE:KSS): Kohl’s shares are moving higher after reprising a $300 million bond funding, and the company has lightened its capex spending and buybacks, which could help it refinance its debt at lower and more attractive rates.