Tuesday, June 30, 2015

Ford Motor Company (NYSE: F) 114% Profit on a 6.4% Move

Carmakers reported surprisingly strong U.S. light-vehicle sales in May with a seasonally adjusted annualized rate of 17.71 million units, the highest since 2005. Aided by five weekends, including the usual Memorial Day blowouts, daily sales of 62,558 units were 5.5% higher than the same month last year.

Besides great weather for car shopping, manufacturers have benefited lately from stronger employment, low gasoline prices and increasing credit availability.

But you wouldn't know it to look at their stock prices. (more)

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