Microsoft Benefits from Facebook IPO, Ford Motor Saw 7% Sales Gain Last Month, Citi Upgraded

Microsoft Corporation (NASDAQ:MSFT): By filing its IPO paperwork today, the regulatory review on Facebook’s offering will be over and shares will likely begin trading before the end of June, meaning the six-month lock-up period will expire before the end of the year, when the capital gains tax may grow to as high as 25% from its current 15%, the New York Post noted. MSFT shares recently traded at $29.98, up $0.45, or 1.52%. They have traded in a 52-week range of $23.65 to $29.95. Volume today was 42,530,537 shares versus a 3-month average volume of 54,974,100 shares. The company’s trailing P/E is 10.87, while trailing earnings are $2.76 per share.

Ford Motor Company (NYSE:F): Ford Motor Company U.S. sales in January totaled 136,710 vehicles, a 7% gain compared with January 2011; retail sales increased 8%. Focus contributed to 30% of Ford Motor Company sales growth in January. The Ford brand totaled 131,589 vehicles in January. F shares recently traded at $12.39, down $0.03, or 0.24%. They have traded in a 52-week range of $9.05 to $16.51. Volume today was 43,223,772 shares versus a 3-month average volume of 54,162,500 shares. The company’s trailing P/E is 7.43, while trailing earnings are $1.67 per share.

Citigroup Inc. (NYSE:C): Wells Fargo upgraded Citigroup citing valuation, improved operating leverage and increased capital flexibility. The firm raised its target range for shares to $35-$37 from $28-$30. C shares recently traded at $31.97, up $1.25, or 4.07%. They have traded in a 52-week range of $21.40 to $49.60. Volume today was 37,306,109 shares versus a 3-month average volume of 53,323,200 shares. The company’s trailing P/E is 8.65, while trailing earnings are $3.69 per share.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com