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General Motors (GM +1%) and Ford (F +0.8%) trade higher after posting strong U.S. sales for...

General Motors (GM +1%) and Ford (F +0.8%) trade higher after posting strong U.S. sales for January. Both automakers showed broad gains (GM, F) across segments and brands, but aren't quite done yet with their promise that new model introductions slated for 2013 will resonate with consumers holding on to an aging fleet of cars. If there is a quibble from auto industry analysts, it's that sales numbers may have been pushed up a tad with potential December sales rolling into January as the fiscal cliff fiasco played out.
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Comments (4)
  • EdwinJ44
    , contributor
    Comments (60) | Send Message
     
    The 'pop' in the price is only temporary.
    Most of the time the price will either 'pop' up on good news...
    Or fall on the same report because of some innuendo in the report.
    It's always temporary!
    The all important thing is not this news but "What can you do for me next."
    The news is what HAPPENED in January. The real interest is what will happen in February!
    1 Feb 2013, 11:34 AM Reply Like
  • Tdot
    , contributor
    Comments (4012) | Send Message
     
    Usually when a major automaker report a sales increase of a whopping 22%, you have to go back and see what was wrong the previous year that led to such a disproportionate recovery. Stuff like emerging from post-bankruptcy drought, or from a nuclear-earthquake tsunami.

     

    Not clear why Ford sales should be up so high relative to last year, which was generally pretty good
    1 Feb 2013, 03:28 PM Reply Like
  • R K
    , contributor
    Comments (69) | Send Message
     
    This is just silly , great Jan . Europe stinks but loss already priced in , Market up 100 + , why is F lagging ?
    5 Feb 2013, 08:53 AM Reply Like
  • Tdot
    , contributor
    Comments (4012) | Send Message
     
    Chances are the price ran up on investor anticipation of 4Q and FY results (it always does) and then they sell off for the profits they can grab when reality sets in; and the ex-dividend date expires almost simultaneously.

     

    There should be another ex-Dividend date at the end of April, where positions are set for the probable 10 cent payout in early June. Also first quarter earnings will come out in late April, so a sort of double-witching event arises where the price could rise during April, and settle back in the May selldown going into summer. Repeat in July/August and October/November and next Jan/Feb.

     

    And the band plays on ...
    5 Feb 2013, 01:14 PM Reply Like
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