Here are several more breaking news stories which could affect market stocks when trading begins again next week.
The following listed companies should see some movement: Ford Motor Company (NYSE:F), Apple Inc. (NASDAQ:AAPL), Citigroup Inc. (NYSE:C).
Here is a more detailed look at the news that will affect each company when trading continues.
Ford Motor Company (NYSE:F)
It’s well past the mid-year mark and Ford Motor Company (NYSE:F) has yet to make a profit from its new Raptor off-road truck has yet, and believe it or not, Ford may never make a profit from the vehicle.
The company has sold approximately 6,000 Raptors so far this year (at $40,000 per), but will need to sell 5,000 to 10,000 in order to break even. So the question isn’t whether the Raptor is awesome, it’s will the Raptor turn out to be profitable for Ford.
If it is, expect to see Raptor clones hit the market from all the other major manufacturers.
Apple Inc. (NASDAQ:AAPL)
Apple, Inc. (NASDAQ:AAPL) critics say the new iTunes logo doesn’t measure up to the company’s standards. “It’s so non-descript,” graphic designer Steve Douglas on Forbes tech blog Velocity, “Apple’s overall branding is state of the art stuff. It’s what most people aspire to. This new logo is sticking out like a sore thumb.”
Let’s hope Steve Jobs’ sometimes sour temperament doesn’t keep the company from correcting what many users are calling a marketing blunder.
Citigroup Inc. (NYSE:C)
Citigroup (NYSE:C) is looking like a bargain to some investors, but it still has risks. Some investors think Citigroup (NYSE:C) is a bargain, trading now at just $3.91 a share. But Chuck Jaffe at MarketWatch voted this stock the Stupid Investment of the Week for this week, and here’s why.
Though the company has weathered the financial storms of 2008, and has posted earnings of 15% on average for the last 20 years, that could actually be working against investors who think the bank is “too big to fail” or “so big it’s safe.”
With its questionable accounting practices, this might not be the golden investment people seem to think it is.
Expect more movement when trading continues for Ford Motor Company (NYSE:F), Apple Inc. (NASDAQ:AAPL) and Citigroup Inc. (NYSE:C).
