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Ford, GM Sales Up: Watch PMA, XLY

By Market News Video Staff, Wednesday, November 3, 1:22 PM ET

Ford (NYSE:F) said today its U.S. October sales rose 19.2% compared to last year.

General Motors posted a 3.5% increase in October car sales in the U.S. for October.

The company is expected to hold its initial public offering within weeks.

Ford shares are trading up 2% Wednesday.

Ford is the #2 holding, behind Microsoft (NASDAQ:MSFT), in the Active Mega Cap Fund (AMEX:PMA), with 6.17% of the total portfolio. The Active Mega Cap Fund is flat Wednesday.

Ford is also in the top ten holdings of the Consumer Discretionary Select Sector SPDR Fund (AMEX:XLY), trading down 0.4%, with 4.39% Ford stock.

Find the right mix of model portfolios today at PortfolioChannel.com


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