July Starts With a Bang (F, GOOG)

The unkind summer months continue to take a turn toward the opposite, as July begins with significant gains after strong sales reports out of Detroit. The big three automakers – Ford (F), General Motors (GM), and Chrylser – reported increased sales for June. In other corporate news, Research in Motion (RIMM) and Apple (AAPL) were among the tech companies to scoop up patents in Nortel’s patent auction. Zynga, the social game creator, has filed their IPO for $1 billion plus.

Word on the Street

• Markets finish the week with serious gains on encouraging economic data.
• Ford (F), General Motors (GM), and Chrysler report increased June sales.
• Fewer travelers are expected on the roads this holiday weekend due to high gas prices.
• Rumors swirl that Google (GOOG) is in the mix to purchase online video provider Hulu.
• Social game company Zynga files for $1 billion IPO.
• Nortel sells auctions patents to tech companies Research in Motion (RIMM), Apple (AAPL), and others.
• Chipotle (CMG) continues meteoric rise despite technical pressure downward.

Interesting Tidbits

• Creating guidelines that work requires a well thought out plan.
• Learn how 10 top leaders manage to stay productive.

VN:F [1.9.17_1161]