Why Are These Four Stocks in Red on Tuesday?

Ford Motor Company (NYSE:F)‘s stock is currently trading 4% in the red as the company posted better-than-expected revenue, but missed the consensus estimate on the bottom line. The company earned $0.45 per share in the third quarter, up from $0.24 reported a year earlier, but below the $0.46 expected by analysts. The automaker’s revenue also went up to $35.80 billion from $32.80 billion, as lower gasoline prices sent car sales higher in the U.S and Europe, beating the estimates of $35.07 billion. At the same time, even though the company had an operating margin of 6.5%, including 11.3% in the U.S, the company also said that its fourth quarter results will be affected by seasonal costs and payouts related to a new labor deal, as all Detroit automakers are currently in the process of negotiating new agreements with the United Auto Workers. Among the funds from our database, Ford Motor Company (NYSE:F) is not very popular, especially when compared to rival General Motors Company (NYSE:GM). A total of 39 funds held stakes in Ford at the end of June, as compared to 104 with stakes in GM.

UQM Technologies Inc (NYSEMKT:UQM)‘s stock started the day on a positive note, jumping by over 80% in pre-market trading on the back of the announcement of a ten-year supply agreement with a Chinese subsidiary of Eastlake New Energy, ITL Efficiency Corporation. UQM develops and sells electric motors, generators and electronic controllers for several markets, including automotive, marine and military. The production under the terms of the deal is expected to begin in 2017 and will result in over $400 million in revenue, as projected by the company. However, after a massive surge of UQM Technologies Inc (NYSEMKT:UQM)’s stock, it slid by over 18% in the first hours of trading and then slipped even more, currently trading around 45% in the red.

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