Hot Buzzers: Ford Motor Company, Micron Technology, Alcoa Inc


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NYSE:F / NYSE:AA
04/04/2013 [ACCESSWIRE]

NEW YORK, April 04, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Ford Motor Company, Micron Technology, Alcoa Inc.

Ford Motor Company (NYSE:F) shares gained 0.55% to $12.75. Ford Motor Co.'s (F) U.S. new-vehicle sales rose 5.7% in March from a year earlier as the Fusion and Escape models set all-time monthly sales records. Results were ahead of expectations from car-shopping website Edmunds.com. Edmunds had projected Ford's March sales would increase 3.8% on the year. Broadly, U.S. new auto sales for March are expected to rise 5.3% from a year earlier and jump 24% from the prior month, according to Edmunds.

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Additionally, Ford India on Apirl 1 said it sold more than 7,400 vehicles in combined wholesales and exports in March 2013 as macroeconomic factors, including high inflation and high interest rates, continued to dampen consumer sentiment and contribute to an industry slowdown. The company sold 5,271units in domestic wholesales in March, compared with 9,026 units a year earlier, while the exports stood at 2,228 vehicles, compared with 3,122 units a year earlier.

Micron Technology, Inc. (NASDAQ:MU) shares increased 1.21% to $9.21. The company, on Mar. 29, noted that certain unsecured creditors of Elpida Memory Inc. filed appeals in Tokyo on Friday, March 29, of the Tokyo
District Court's February 28 order approving Elpida's plan of reorganization. 

Elpida's reorganization plan calls for Micron to sponsor Elpida's reorganization under which Elpida will become a wholly-owned subsidiary of Micron.

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Moreover, the company, on Mar. 21, reported a second-quarter loss of $286 million, or 28 cents a share, compared with a loss of $282 million, or 29 cents a share, for the year-earlier period. Revenue increased to
$2.08 billion from $2.01 billion in the same quarter last year. Analysts were expecting the chip company to report a loss of 20 cents a share, on revenue of $1.92 billion.

Additionally, MU‘s stock had its “outperform” rating reaffirmed by Wedbush in a research note issued on Mar. 18. They currently have a $11.00 price target on the stock, up from their previous price target of $10.00.

Alcoa Inc (NYSE:AA) shares declined 0.12% to $8.26. The company , on Mar. 21, said that Michelle Kiely and Frank Sewell, both of Knoxville, recently joined the Alcoa Community Advisory Board. The Alcoa Inc. Community Advisory Board assists Alcoa Inc.’s Tennessee Operations and Knoxville offices in the prioritization of its Alcoa Foundation grants.

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Additionally, the company will begin trading ex-dividend on March 13, 2013. A cash dividend payment of $0.9375 per share is scheduled to be paid on April 01, 2013. Shareholders who purchased AA^ stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 53rd quarter that AA^ has paid the same dividend.

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