Ford Unveils Ambitious Mid-Decade Plan and 2 More Heavily Traded Stocks to Follow
Ford Motor Co. (NYSE:F): Current price $16.89
On Wednesday, Ford outlined an ambitious mid-decade plan that includes a 25 percent hike in projected capital spending to exploit increasing global automotive demand along with the possibility of a higher dividend. In an investor presentation, the No. 2 domestic automaker anticipates capital expenditures to be roughly $7.5 billion by mid-decade, which would be up from its prior target of $6 billion.
Microsoft Corp. (NASDAQ:MSFT): Current price $32.35
Microsoft announced Wednesday that its goal of debuting the Xbox One in 21 countries in 2013 may have been a bit ambitious. On its website, Microsoft said it will postpone the device’s launch in eight European markets — including Denmark, The Netherlands, and Russia — until next year, blaming the delay in part due to the work done to translate its software into native languages. However, the company promised that for those affected, it will give away a free game with the Xbox One when it does become available in their countries.
Micron Technology Inc. (NASDAQ:MU): Current price $14.82
A Wednesday filing with the Securities and Exchange Commission said the Boston-based hedge fund firm run by Seth Klarman, Baupost Group LLC, took a $595 million position in Micron Technology after the shares jumped by 57 percent in the first quarter. Baupost bought 41.5 million shares of Micron during the second quarter, making it the firm’s fourth-largest stock investment by market value. In July, Micron concluded a $2-billion acquisition of Elpida Memory Inc. as it endeavors to deliver sustainable profits in the volatile market for memory chips.