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Fly News Breaks for April 26, 2018
F
Apr 26, 2018 | 09:08 EDT
Morgan Stanley analyst Adam Jonas said that Ford has identified a collection of businesses that appear to lose an aggregate $5B of EBIT and he thinks the company's announcement of initiatives to exit businesses and cut costs suggest an urgency to improve. However, the company's discussions around the specific fitness initiatives were "extremely high level." Based just on what has been announced, he would not be able to justify an Overweight rating on the stock given what he views as very high execution risk to restructuring at this point in the cycle. With that said, Jonas does keep an Overweight rating and $15 price target on Ford, citing its optionality to F-Series pickup trucks, which he calls "one of the most profitable franchises in the automotive industry."
News For F From the Last 2 Days
F
Mar 26, 2024 | 16:25 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
F
Mar 26, 2024 | 15:52 EDT
After this morning's collapse of the Francis Scott Key Bridge in Maryland closed the Port of Baltimore, JPMorgan economist Michael Feroli noted that the port ranks 17th among U.S. ports in tonnage handled, but ranks first for light vehicle imports and is also an important coal export terminal. However, the firm's initial assessment is that this development will "likely only have minimal implications for vehicle inflation" given that many more vehicles are imported over land from Canada and Mexico and that vessels are already being diverted to other East Coast ports. Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
F
Mar 26, 2024 | 15:06 EDT
Bullish option flow detected in Ford with 73,642 calls trading, 1.5x expected, and implied vol increasing over 1 point to 33.40%. 4/5 weekly 13 calls and 3/28 weekly 12.82 calls are the most active options, with total volume in those strikes near 17,400 contracts. The Put/Call Ratio is 0.62. Earnings are expected on April 24th.
F
Mar 26, 2024 | 12:08 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here