Ford Removed from Goldman Americas Conviction Buy List and 2 Other Hot Stocks to Watch
Ford Motor Co. (NYSE:F): Current price $16.60
On Tuesday, Ford shares were removed from the Americas conviction buy list at Goldman Sachs. So far in 2013, the iconic automaker has outperformed such competitors as General Motors, but it lacks any catalysts to push gains in the short term, said a research note distributed today. Placing General Motors in Ford’s place on Goldman’s conviction list for the Americas, the analysts said that ”Part of the preference for GM over Ford is that GM has a number of meaningful near-term catalysts that don’t appear to be reflected in the share price.”
Sirius XM Radio (NASDAQ:SIRI): Current price $3.63
Sirius XM announced the launch of SiriusXM Progress, formerly known as SiriusXM Left, which is an expanded 24/7 channel dedicated to progressive politics. The channel features a powerful, diverse array of original thought, nuanced opinions, and political discussions. The new channel will launch on July 22 via satellite on channel 127, through the SiriusXM Internet Radio App on smartphones and other connected devices, together with the online broadcast at siriusxm.com.
Micron Technology, Inc. (NASDAQ:MU): Current price $13.16
Micron said on Monday that it is sampling next-generation, 16-nanometer process technology, which will enable the industry’s tiniest 128-gigabit multi-level cell NAND Flash memory devices. Besides being the top Flash process, the 16nm node is also the most advanced processing node for any sampling semiconductor device, cementing Micron’s out-front position in storage tech development, and delivering on its vision to supply the most advanced semiconductor solutions.