Time is a flat circle for Ford (F) shares which are stuck in reverse for the second straight day. The stock is off another 2% today and nearly 10% this week after taking down earnings guidance yesterday. New CEO Mark Fields told analysts to expect $6 billion in profit this year, more than a billion less than expected. He blamed higher warranty costs and weak volumes in South America and Russia. Ford is now counting on strong sales for the all-new aluminum F-150 and share gains out of Lincoln on a product ravamp and slightly nutty ads.
Move (MOVE) shares are 35% higher after the company announced it was being bought by News Corp for about $950 million. Yup. News Corp is buying a real estate listing company. Why? Because of the sweet, sweet nuggets of personal information that flake off your skin when you look at house listings. News Corp CEO Rob Thompson said the company's media assets will benefit from the "high quality geographic information" created from real estate searches. It's only creepy if you don't want Big Corporate Money watching you bathe, eat and sleep.
Netflix (NFLX) shares are higher after the company announced that it will be making the sequel to a 14-year old kung fu movie. The company says it's teaming with Harvey Weinstien to make "Crouching Tiger, Hidden Dragon: The Green Legend" for release next year. The original won four Oscars 100 years ago. I'd be much snarkier on this point but frankly Netflix has become the best original content creator extant, even if House of Cards stopped making any sense whatsoever the instant Kevin Spacey threw the reporter in front of the train.
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