NEW YORK / ACCESSWIRE / June 26, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for : Ford Motor Company, Valero Energy Corporation, CBS Corporation, BullsnBears.com.
Ford Motor Company (NYSE:F)’s shares gained 1.36% to $17.20. The company will release its June 2014 U.S. sales results at approximately 9:30 a.m. ET Tuesday, July 1, 2014. At 10 a.m. ET, Erich Merkle, Ford U.S. sales analyst, will host a conference call for the investment community and news media to discuss the results and related market trends. He will be joined by John Felice, Ford vice president, U.S. Marketing, Sales and Service, and Ellen Hughes-Cromwick, Ford's chief economist.
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Additionally, the company’s 1.0-liter EcoBoost(R) engine, which lowers fuel consumption without sacrificing power, was on June 25 named 2014 International Engine of the Year for an unprecedented third straight year. The 1.0-liter EcoBoost – available for Ford Fiesta and slated as a power offering for the 2015 Focus as well – fought off competition from premium brands and supercar contenders to win the award for its driveability, performance, economy, refinement and technology.
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Valero Energy Corporation (NYSE:VLO)’s shares declined 8.29% and closed at $51.35. Valero Energy Partners LP (NYSE: VLP, the Partnership), on June 17 announced that it has approved the acquisition from certain subsidiaries of Valero Energy Corporation (NYSE: VLO, Valero) of the McKee Crude System, Three Rivers Crude System, and Wynnewood Products System for total consideration of $154 million. The drop-down transaction is expected to close on July 1, 2014 and to be funded with the Partnership's cash on hand.
Upon closing, the Partnership plans to enter into 10-year term transportation and terminaling agreements with subsidiaries of Valero. The agreements are expected to contain minimum throughput volume commitments that account for approximately 90 percent of expected throughput volumes. The to-be acquired assets are expected to contribute approximately $15.4 million of EBITDA in their first full year of operation.
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CBS Corporation (NYSE:CBS)’s shares climbed 6.19% to $62.48. The company on June 11 announced the sale of its 81 percent ownership in CBS Outdoor Americas (NYSE: CBSO). This is the final step in a spinoff of which was started when CBS Outdoor became its own publicly traded entity in April. Following the sale of CBS’ stake, CBS Outdoor will become a REIT. CBS president and CEO Leslie Moonves commented that, “for our part, CBS Corporation can focus on what we do best, which is invest, produce and distribute premium content across all platforms and all around the world."
BullsnBears.com, Inc. (OTCMKTS:BNBI)’s shares climbed 9.68% and closed at $1.70. The company on Apr. 3 announced that the Company has engaged IR Affiliates and StockGuru.com for investor relations and market awareness. John Pentony, the President of IR Affiliates and StockGuru.com will operate as investor relations for Bullsnbears.com.
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John Pentony of IR Affiliates and StockGuru.com commented, "I am a believer in what James Palladino is doing at Bullsnbears.com. With all the Company has going on right now, I see so many ways my company's properties can work in concert with Bullsnbears.com to the benefit of BNBI shareholders. I look forward to speaking to current and prospective shareholders."
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SOURCE: Market Buzz Report
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