DIRS.INFO The most relevant business & tech news

☆ Ford's fundamentals remain strong, despite CEO's recession worries, productions snags
▼ + stars: | 2022-09-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

"The risk has gone up for a moderate recession certainly from all the indicators we've seen," Farley said. Earlier in the week, Jim said that investors who don't own any shares of Ford should buy "aggressively" to take advantage of the yield . Chips shortage Despite the ongoing supply chain challenges, Farley said the automaker's chip shortage is improving. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022.

☆ Ford unveils new F-Series Super Duty trucks designed to boost its commercial, software services businesses
▼ + stars: | 2022-09-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor is redesigning a pivotal product lineup, leaning on new software and connected data metrics, to boost profits in its commercial vehicle business. The Detroit automaker on Tuesday revealed its 2023 F-Series Super Duty trucks, a lineup of vehicles ranging from large pickups to commercial trucks and chassis cabs that are used for emergency response, towing and plowing, and construction or utility work. Super Duty is the size of revenue of Southwest Airlines, Marriott or Nordstrom. Cannis declined to disclose revenue for Ford's Super Duty lineup, but Southwest, Marriott and Nordstrom most recently reported annual revenues of between $14 billion and $16 billion. Super Duty trucks have more than 50% market share in utility, mining, construction and emergency response vehicles, according to Ford, citing data from S&P Global Mobility.

☆ Convertibles drive into the sunset as automakers invest in electric vehicles
▼ + stars: | 2022-09-24 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Automakers are also investing capital in off-road models and electric vehicles. "In the transition to electric vehicles, and where do automakers put their development money, it just isn't going to convertibles." Even counting those vehicles, sales last year were down by 26% since 2015. Jim Owens, head of Ford Mustang marketing, said only about 15% of the car's sales to consumers — 72,500 units in 2019 — are convertibles. Could we see a possible convertible electric Challenger in the future?

☆ Ford was forced to halt deliveries of some F-Series pickups after running out of blue oval badges, report says
▼ + stars: | 2022-09-24 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Ford paused some deliveries because it ran out of blue badges, the company told The WSJ. Sources said the shortage affected Ford's popular F-Series pickups. Sources told the newspaper that Ford had run out of badges and nameplates for certain models. Ford had considered 3D-printing the grille badges but decided that they wouldn't meet its quality standards, insiders told the paper. A source said Ford's F-series pickup trucks, one of America's most popular vehicle range, had been affected by the shortage.

☆ Ford's supply-chain problems include blue oval badges for F-Series pickups
▼ + stars: | 2022-09-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. DETROIT – Recent supply chain problems for Ford Motor have included a small, yet important, part for the company and its vehicles – the blue oval badges that don nearly every vehicle for its namesake brand. The Detroit automaker has experienced shortages with the Ford badges as well as the nameplates that specify the model, a Ford spokesman confirmed to CNBC. The Wall Street Journal first reported the problem, including badges for its F-Series pickups, on Friday, citing anonymous sources. The issue is the latest is a years-long supply chain crisis that has ranged from critical parts such as semiconductor chips and wire harnesses to raw materials and now, vehicle badges.

☆ Ford Supply-Chain Leadership Overhaul Reflects EV Ramp Up
▼ + stars: | 2022-09-22 | by ( Liz Young | Kristin Broughton | ) www.wsj.com time to read: +4 min

Ford Motor Co.’s moves to overhaul its supply-chain leadership reflect the increasingly crucial role technology is playing as the development of electric vehicles is transforming the way cars are produced. Ford said the company is seeking to align operations from sourcing and assembly to distribution with a goal of transitioning to EVs. Ford also plans to name its first chief supply-chain officer. It had sold more than 36,500 electric vehicles year-to-date through August. Ford has been working on building closer ties with its suppliers for years, but pandemic-related supply-chain snarls have made it a more urgent priority, the company spokesman said.

☆ What Cramer is watching Wednesday — Fed day, Putin escalation, oil stock optimism
▼ + stars: | 2022-09-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Buy Club holding Ford into any Fed weakness. Barclays downgrades Club holding and Dow stock Cisco Systems (CSCO) to equal weight from overweight (hold from buy). Wells Fargo cuts PT to $75 tom $90 but keeps overweight (buy) rating. However, BofA keeps buy rating on Visa. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Josh Harris co-founded Apollo, but his ownership of the 76ers and Devils was a distraction and a 'source of tension' for former employees.
▼ + stars: | 2022-09-21 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +6 min

He stepped away from day-to-day activities at Apollo Global Management — the private-equity firm he co-founded — in May last year. Josh Harris upset Apollo insiders with the amount of time he spent on personal investments. During meetings for Apollo matters, Harris would sometimes take phone calls unrelated to the company, one person told Insider. Harris would also use Apollo employees to help on personal investments. People who worked on Harris' personal investments became "untouchable" within the organization.

"It's an enormous first step," Carlisle said, adding that GM is in talks about similar deals with other rental car companies. read moreAutomakers have cut reliance on low-profit, bulk sales to rental car agencies as supply chain problems curtailed production. Carlisle said GM expects to deliver electric vehicles to Hertz at close to retail profit margins. The first GM electric vehicles to ship to Hertz will be Chevrolet Bolt models starting early next year, Carlisle said. GM expects Hertz to deploy many of its EVs in Los Angeles and San Francisco, helping to meet California electric vehicle quotas.

☆ Why Ford's warning and stock drop do not derail our long-term belief in the company
▼ + stars: | 2022-09-20 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Management anticipates third-quarter adjusted earnings before interest and taxes (EBIT) to be between $1.4 billion and $1.7 billion, well below the $2.99 billion estimate predicted by analysts. Moreover, despite that unexpected $1 billion increase in input costs, Ford reiterated their $11.5 billion to $12.5 billion full-year operating profit forecast. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ 5 things to know before the stock market opens Tuesday
▼ + stars: | 2022-09-20 | by ( Mike Calia | ) www.cnbc.com time to read: +3 min

U.S. equities markets, coming off a positive Monday, were set to open lower Tuesday morning. Scott Mlyn | CNBCCompanies are still contending with supply chain issues, particularly as costs keep rising. The company said supply problems have resulted in parts shortages that affect about 40,000 to 45,000 vehicles, particularly trucks and SUVs. Regulations require at least 1,500 hours of flight time for commercial pilots, with exceptions made for certain kinds of military experience. Republic, for its part, said the FAA didn't give "its proposal review and engagement it deserves."

☆ Meme-stocks AMC and GameStop round out the top 10 companies held by Robinhood users
▼ + stars: | 2022-09-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AMC Entertainment and GameStop made the top 10 list of stocks most commonly held by Robinhood users. The zero-commission brokerage unveiled its investor index last week, which tracks a portfolio of the 100 most popular stocks held by Robinhood users. That data is now available after Robinhood unveiled its Robinhood Investor Index, a portfolio meant to track the 100 most popular holdings on its platform. The proportional weighting means a Robinhood user's $1 million portfolio has the same influence as another users $1,000 portfolio. From meme-stocks to electric vehicles, these are the top 10 stocks held by Robinhood's userbase as of September 1.

☆ UK dock worker strikes to hit supply chains for companies including Ford
▼ + stars: | 2022-09-20 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. This eight-day strike overlaps with a second strike at the UK's largest container port, the Port of Felixstowe, set to begin on Sunday. With multinational companies including Ford — which on Monday warned of a significant cost increase from supply chain pressures — exporting from the UK, the continuing labor strife will stress an already congested European port network. Ford is one of thousands of companies that use both the UK ports and the ports in Germany, Belgium, and Netherlands to export auto parts. According to FreightWaves SONAR data, the Port of New York and New Jersey receives 30 percent of all UK exports.

☆ Stocks making the biggest moves midday: Change Healthcare, Ford, PayPal, Humana and more
▼ + stars: | 2022-09-20 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Change Healthcare – Shares of Change Healthcare jumped 6.4% after a federal judge said that UnitedHealth cannot take over the company. Humana – Shares of health company Humana gained 1% and touched an all-time high a day after the company raised its earnings guidance for the fiscal year. Cognex — Shares of machine vision systems maker Cognex jumped nearly 7% after the company raised its revenue outlook for the current quarter. Olin — The manufacturing company fell 4.6% after issuing its third-quarter EBITDA guidance. MicroStrategy – Shares of software company MicroStrategy fell 4.6% after the company announced that it made its smallest purchase of Bitcoin in two years.

☆ Pro Picks: Watch all of Tuesday's big stock calls on CNBC
▼ + stars: | 2022-09-20 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounds up the best trades from investors and analysts throughout the day. With Wall Street anxiously awaiting news out of the Federal Reserve's latest policy meeting, it was tough sledding for stocks Tuesday as the 10-year Treasury yield briefly topped 3.6% for the first time since 2011. Ford was one of the biggest losers, dropping more than 12% after warning investors of an extra $1 billion in supply chain costs for the third quarter. Ford is also currently held in Jim Cramer's Charitable Trust Portfolio. Hightower Advisors' Stephanie Link discussed Diamondback Energy , as KeyBanc began research coverage of the energy producer with an overweight rating .

☆ What Cramer is looking at Tuesday — Fed rate watch, 2-year Treasury yield surge, Ford warning
▼ + stars: | 2022-09-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

What I am looking at Tuesday, Sept. 20, 2022 U.S. stock futures were up Tuesday until the 2-year Treasury yield kept up its relentless run to 4%. BofA takes timber company Weyerhaeuser (WY) to neutral (hold) from buy. Etsy (ETSY) started with a neutral (hold) at BofA. Truist takes Norwegian Cruise Line (NCLH) to buy from hold; cuts Carnival (CCL) price-target to $10 per share from $8. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Ford Warns Parts Shortages Will Lead to Higher-Than-Planned Number of Unfinished Vehicles
▼ + stars: | 2022-09-19 | by ( Stephen Nakrosis | ) www.wsj.com time to read: 1 min

Ford Motor Co. said Monday that shortages of certain parts will result in a higher-than-planned number of unfinished vehicles in its inventory. “Vehicles on wheels” have been built but are still in need of some parts, the company said. Ford said it expected to have about 40,000 to 45,000 such vehicles in inventory at end of the third quarter. Those vehicles “disproportionately include high-demand, high-margin models of popular trucks and SUVs,” Ford said.

A Ford Bronco vehicle on a demonstrative course during the Motor Bella Auto Show in Pontiac, Michigan, U.S. on Tuesday, Sept. 21, 2021. Here are the stocks making notable moves in extended trading:Ford — Shares fell about 3.8% post market Monday after the automaker told investors it saw a $1 billion increase in supply chain costs during the third quarter. General Motors — Shares dropped 2% following the announcement from Ford that its supply chain costs were about $1 billion more than anticipated. Cognex — Shares of the machine vision company jumped more than 7% in extended trading after Cognex raised its revenue guidance for the third quarter. Cognex said it now expects revenue between $195 million and $205 million, up from a prior range of $180 million to $190 million, due to faster-than-expected demand fulfillment.

☆ Why Ford is keeping its Mustang gas-powered as part of its electric vehicle push
▼ + stars: | 2022-09-16 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

That's because despite the EV transition, Mustang is sticking with gas-powered engines for the seventh-generation vehicle in 2024. "People are leaving the segment, like Dodge, so we have a chance to really present something new about Mustang," Farley said following the 2024 Mustang debut. Farley and Ford Chair Bill Ford declined to say whether the seventh-generation Mustang is expected to be the last gas-powered version of the car. The Mach-E, which shares little to nothing with the gas-powered Mustang other than a name, has led Ford to become the second bestselling brand of EVs in the country. U.S. President Joe Biden stands next to a Ford Mustang Mach-E (electric) SUV during a visit to the Detroit Auto Show, to highlight electric vehicle manufacturing in America, in Detroit, Michigan, September 14, 2022.

☆ Airbnb hosts' worst nightmares — fires, falls, or deaths — can leave them on the hook for damages. Here are 4 steps to take right now to make any property safer.
▼ + stars: | 2022-09-15 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

Avoidable incidents occur in short-term rentals, of course. Ford's safety advocacy began with a Facebook page where he highlighted news stories about accidents in short-term rentals to educate hosts. An example of virtual inspection on an app Ford designed. But many guests choose short-term rentals specifically so they can cook, increasing the likelihood of a fire, he said. Invest in pool safetyA tragedy in North Carolina was prevented recently because of proper pool safety.

☆ Here’s our September rapid-fire update on all 33 stocks in Cramer’s Charitable Trust portfolio
▼ + stars: | 2022-09-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +11 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Halliburton (HAL) — The only energy stock in the portfolio that we haven't trimmed in recent weeks. (See here for a full list of the stocks Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Ford’s new Mustang sticks with pure gasoline
▼ + stars: | 2022-09-14 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

The new Mustang will be offered only with pure gasoline power, at least for now. The new Mustang will be offered with a big 5.0-liter V8 engine or a 2.3-liter turbocharged four-cylinder engine just as in today’s Mustang. The new Ford Mustang has the familiar shape but with a more chiseled-looking exterior design. Since then, though, Ford has introduced fully electric cars, like the Ford Mustang Mach-E SUV and the Ford F-150 Lightning pickup, as well as plug-in hybrids. Along with a 500 horsepower V8 engine, the Mustang Dark Horse will have various suspension improvements, as well as dark tinted headlight covers and other visual cues.

☆ Toyota investing $5.6 billion to build EV batteries, despite its own doubts
▼ + stars: | 2022-08-31 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN Business —Toyota announced plans Wednesday to invest $5.6 billion in new plants to build electric vehicle batteries in Japan and the United States. But unlike other automakers who are going all-in on EVs, Toyota said it’s still not convinced that’s the best path forward. EV battery boomAutomakers having been rushing to announce EV battery plant plans in recent months, often with various partners. Just this week, Honda (HMC) announced a $4.4 billion joint investment with LG on a new US battery plant. Stellantis, which was formed by the merger of Fiat Chrysler and French automaker PSA group, announced battery plant plans last year with LG.

☆ Earnings playbook: The investing game plan as Apple and Alphabet lead the busiest week of the season
▼ + stars: | 2022-07-24 | by ( Fred Imbert | ) www.cnbc.com time to read: +20 min

Tuesday Coca-Cola is set to report earnings before the bell, followed by a conference call at 8:30 a.m. Chipotle is scheduled to report earnings after the close, followed by a conference call at 4:30 p.m. Meta is set to report earnings after the close, followed by a conference call at 5 p.m. Thursday Amazon is set to report earnings after the bell, with management slated to hold a conference call at 5:30 p.m. Friday Procter & Gamble will report earnings before the bell, followed by a conference call at 9 a.m.

As for Ford, which reports results on Wednesday, Evercore said it expects a cut to the 2022 outlook. GM and Ford both must manage the costs of launching new electric vehicles. Ford will officially launch regular production of its electric F-150 Lightning pickup on Tuesday. In the United States, GM's sales for the first quarter fell by 20%. Ford's U.S. sales fell by 17% in the first quarter compared with a year ago.

Search resuls for: ". Ford"

25 mentions found