Core Insights - Ford Motor Co. has entered the top 10% of stocks for relative worth, with its value score increasing from 89.53 to 90.09 [1] Financial Performance - Ford achieved a record revenue of $187.3 billion for the full year, marking its fifth consecutive year of top-line growth [2] - Despite the revenue growth, Ford reported a GAAP net loss of $8.2 billion, primarily due to $17.4 billion in pre-tax special items [2] - Excluding one-time charges, Ford's adjusted EBIT was $6.8 billion [3] Segment Contributions - Ford Pro generated over $66 billion in revenue with double-digit margins, holding a 42% market share in classes 1-7 in the U.S. [4] - The Ford Blue segment contributed $3 billion in EBIT, driven by strong sales of the Bronco and Explorer [5] - Ford Credit's EBT increased by 55% to $2.6 billion, further supporting the company's financial performance [5] Future Outlook - Management projects an adjusted EBIT of $8 billion to $10 billion by 2026, with adjusted free cash flow expected to reach $5 billion to $6 billion [6] - A significant investment of $1.5 billion is planned for "Ford Energy," focusing on battery storage and grid stability [6] Stock Performance - Ford's shares have increased by 1.72% year-to-date, outperforming the S&P 500's 1.22% increase [7] - Over the last six months, Ford's stock rose by 21.81%, and it has increased by 47.34% over the past year [7]

Group 1 - The S&P 500 is projected to achieve a 13% increase in earnings per share for the fourth quarter, marking the 10th consecutive quarter of annual earnings growth and the fifth consecutive quarter of double-digit growth [1] - As of February 6, 59% of S&P 500 companies have reported their fourth quarter results, indicating a strong earnings season [1] - Analysts had initially expected an 8.3% increase in earnings per share before raising expectations, particularly for technology companies, which have been significant contributors to earnings growth in recent quarters [3] Group 2 - Major capital expenditures by Big Tech are influencing the AI trade, with ongoing themes such as artificial intelligence and economic policies continuing to impact market dynamics [4] - Upcoming earnings reports from companies including Coca-Cola, Spotify, Robinhood, Lyft, Ford, Rivian, Moderna, Airbnb, and Coinbase are anticipated to provide further insights into market trends [4]

分组1 - The Bureau of Labor Statistics is set to release January's nonfarm payrolls report, with expectations of minimal growth, forecasting an increase of 55,000 jobs compared to December's gain of 50,000 [2][6] - Ford Motor Company reported a significant earnings miss for its fourth quarter, with adjusted earnings per share at 13 cents, which is 32% below Wall Street's expectation of 19 cents, primarily due to $900 million in unexpected tariff costs and a fire at an aluminum plant [3][4] - Moderna's shares dropped over 10% after the FDA refused to review its application for an experimental flu shot, citing issues with the study design despite prior approval [7][8] 分组2 - Estée Lauder is suing Walmart for selling counterfeit beauty products on its online marketplace, claiming that the retailer facilitated the sales of fake items from third-party sellers [12][13] - The lawsuit follows a CNBC investigation into counterfeit beauty products on Walmart's site, with Estée Lauder alleging harmful conduct by Walmart [13][14] - Kalshi reported a significant trading volume during the Super Bowl weekend, with bets on Bad Bunny's first song exceeding $100 million, reflecting a year-over-year increase of 2,700% [16][18]

Core Insights - Heineken plans to cut between 5,000 and 6,000 roles over the next two years to enhance efficiency and productivity, targeting operating profit growth of 2% to 6% for the current year [1][2] - The company reported a 2.4% decline in total beer volumes for 2025, while adjusted operating profit increased by 4.4% [2] - The outlook for 2026 is below the usual range but aligns with market expectations and is consistent with peer Carlsberg [3] Workforce and Strategy - The job reductions represent about 7% of the workforce and are part of a broader strategy to achieve annual savings of €400 to €500 million (approximately $476 million to $600 million) [2][4] - The cuts are influenced by advancements in AI and digitization, which are integral to the EverGreen 2030 strategy, with around 3,000 roles transitioning to business services [4] - The EverGreen 2030 strategy emphasizes three core areas: accelerating growth, increasing productivity, and ensuring future readiness [5] Leadership Transition - Outgoing CEO Dolf van den Brink will step down in May after six years, and the company is currently in search of a successor [5]

Novelis is estimating that repairs will cost at least $255 million, while Ford has disclosed a $2 billion hit from outage. ...

Italian asset manager Banca Generali reported a 3% rise in its annual profit on Wednesday, beating market expectations, as total assets reached a record high at 113.5 billion euros ($135.2 billion). ...

Corporate Earnings and Strategic Shifts - Ford is expecting a reduction in tariff costs of approximately $1.0 billion in 2026 while reporting Q4 charges of about $13.8 billion related to its evolving electric vehicle (EV) strategy and the anticipated disposition of its BOSK investment [2][9] - Humana reported an adjusted loss per share of -$3.96 for Q425, which was better than the estimated -$4.01, but its 2026 adjusted EPS guidance of at least $9 fell short of the analyst consensus of $11.87 [3][9] - Hilton Worldwide Holdings Inc. achieved a net income of $298 million in Q4, with diluted EPS at $1.27 and adjusted EPS of $2.08, exceeding analysts' expectations of $2.02, while revenue reached $3,087 million [4][9] Market Dynamics and M&A Activity - QXO is set to acquire Kodiak Building Partners for approximately $2.25 billion, which is expected to significantly expand QXO's addressable market to over $200 billion and be highly accretive to its 2026 earnings [5][9] Commodity Markets - Spot Silver experienced a notable intraday surge of 6.00%, trading at $85.57/oz, indicating ongoing volatility and investor interest in precious metals [6][9]

格隆汇2月11日｜福特汽车(F.US)：我们已经观察到新车和二手车价格有所下降，尤其是在电动车领 域。预计在2026年降低约10亿美元的关税成本。由于成本仍居高不下，行业价格是否会完全回落至疫情 前水平尚不明朗。激烈竞争和产能过剩很可能对经通胀调整后的价格构成压力。 ...

继Stellantis暴雷后，又一全球车企出现大幅亏损。当地时间2月10日，福特汽车发布2025年第四季度财 报和2025年财报。财报显示，2025年，福特汽车出现"增收减利"的情况。当年，福特营收达1873亿美 元，同比增长1.23%，创历史新高；但利润却由盈利转亏损，从2024年盈利58.79亿美元，跌至2025年净 亏损81.82亿美元，同比暴跌239.17%，创下近5年历史新低。 在销量上，福特汽车2025年在全球市场同比下降约2%，至439.5万辆，首次落后于中国车企比亚迪，排 在全球汽车销量排行榜第七。 横向对比福特2025年各季度盈利情况，四季度成为拉垮该公司全年盈利的关键。该季度，福特汽车营收 达459亿美元，同比下降5%；净亏损达111亿美元，这是福特汽车自2008年金融危机以来最大的季度亏 损。 造成福特4季度严重亏损的主因是电动汽车的亏损与减值、火灾事故和关税。首先，福特汽车在2025年 12月宣布将大幅缩减电动汽车计划，并计提了约195亿美元的特殊项目费用，且大部分计入了2025年第4 季度，其中约55亿美元为现金影响。 同时，福特电动车和软件部门自成立后累计亏损超过100亿美元，20 ...

来源：环球市场播报 福特首席执行官吉姆・法利在声明中表示： "在动荡多变的环境下，福特 2025 年表现稳健。我们改善了核心业务与执行效率，在可控领域取得重大 进展 —— 降低材料与保修成本、切实提升产品质量，并做出了艰难但关键的战略决策，为更强劲的未 来奠定基础。" 福特（F）于周二盘后公布第四季度业绩，不及市场预期，其电动汽车业务带来的支出导致公司季度及 全年均出现净亏损。 彭博社一致预期数据显示： 福特表示，公司第四季度净亏损111 亿美元，全年净亏损82 亿美元，主要受特殊项目影响。 福特股价周三盘前小幅上涨0.9%。 福特称，如果不是白宫在 12 月通知其有关关税抵免的政策调整，导致额外增加9 亿美元关税成本，公 司全年息税前利润本可达到 70 亿美元中段水平。 去年 12 月，福特因电动汽车业务战略调整，计提了195 亿美元支出。其中大部分（125 亿美元）在第四 季度确认，剩余 70 亿美元将在 2026 年和 2027 年确认。 福特电动汽车部门（Model e）全年息税前利润亏损48 亿美元，较 2024 年改善 299 个基点。 福特首席财务官谢里・豪斯在记者电话会上表示，电动汽车业务大概 ...