Skip to main content

Stock Search: Ford, Xerox

Readers take particular interest in Ford after positive news from the automaker, and Xerox after its latest quarterly earnings report.

The bulls roared Friday as positive

news

from

Ford

(F)

helped push stocks higher, landing the automaker on TheStreet.com's most-searched stocks list.

Ford shares were up significantly after the company beat first-quarter estimates, reduced its cash burn and reiterated that it remains on track to break even or earn a profit in 2011. Ford's business is also being helped by worries over the future of

GM

(GM)

, another heavily searched stock.

On the earnings front,

Xerox

(XRX)

was rising more than 4% after turning a

first-quarter profit

but reining in guidance.

Meanwhile,

Microsoft

(MSFT)

was a hot ticker on Stock Search the day after the company reported its

quarterly revenue

fell from the previous year for the first time in its 23-year history as a public company, while its profit sank 32%

3M's

(MMM)

quarterly profit

dropped

48% as the global economic slowdown hurt its sales in everything from health care to office supplies, prompting the company to lower its 2009 outlook again.

Similarly,

Honeywell's

(HON)

quarterly earnings

dropped

38% as the battered aviation and auto industries cut spending. Honeywell also cut its 2009 profit forecast.

Financial stocks were popular searches as investors focused on the so-called stress tests, especially with regard to troubled mega-banks

Citigroup

(C)

and

Bank of America

(BAC)

.

American Express

(AXP)

shares were up double digits after better-than-expected earnings and despite a ratings

downgrade

from Moody's.

CIT Group

(CIT)

, on the other hand, was sinking more than 20% a day after its earnings. The stock was

downgraded

by Barclays, Keefe Bruyette and Woods, and Credit Suisse to equal weight, market perform and neutral, respectively.

Finally,

Morgan Stanley

(MS)

shares were falling more than 2% after a report that its

considering changes

to its biggest proprietary-trading desk, including possibly spinning it out into a hedge fund.

Before joining TheStreet.com, Gregg Greenberg was a writer and segment producer for CNBC's Closing Bell. He previously worked at FleetBoston and Lehman Brothers in their Private Client Services divisions, covering high net-worth individuals and midsize hedge funds. Greenberg attended New York University's School of Business and Economic Reporting. He also has an M.B.A. from Cornell University's Johnson School of Business, and a B.A. in history from Amherst College.