Today’s Hot Stocks: Buckle, Boeing, Ford, and More

Ford China Sales Rise

Ford Motor Company (NYSE:F) reported decent news concerning its Chinese division today. For the month of June, the car maker sold 85,105 vehicles, up by 2.6% year-over-year. For the first six months, the company sold 577,097 vehicles, up by 6% year-over-year. Although the growth pace is slower, the sales still aren’t bad considering China’s economic slowdown. A total of 33 funds tracked by us had a long position in Ford Motor Company (NYSE:F) at the end of the first quarter.

Analyst Gives Thumbs Up to Wingstop 

Wingstop Inc (NASDAQ:WING)’s shares are in the green in pre-market trading after analysts at Wedbush initiated an ‘Outperform’ rating and $35 price target on the stock. Shares of Wingstop have been trending higher since mid-November of last year and have appreciated by 34% year-to-date. Management will need to execute, however, if the stock is to continue higher. Shares currently trade for 45 times next year’s earnings estimates. At the end of March, 15 funds from our database were long Wingstop Inc (NASDAQ:WING), up by six from the previous quarter.

Pernix Cuts Costs

Nano-cap Pernix Therapeutics Holdings Inc (NASDAQ:PTX) is higher before the bell after the company announced a restructuring initiative that will reduce its full time workforce by around 23%. The initiative is expected to save $10 million a year beginning in the third quarter. The company expects to take a one time charge of $2 million in relation to the reorganization. As with all nano-caps, investors should do due-diligence before buying or selling. The number of funds tracked by Insider Monkey with holdings in Pernix Therapeutics Holdings Inc (NASDAQ:PTX) fell by four quarter-over-quarter to 10 at the end of March.

Disclosure: none