PennyStockAlley.com

PennyStockAlley.com

February 04, 2011 10:29 ET

PennyStockAlley.com Daily Investment Stock Report Alerts: Bank of America Corp., Ford Motor Company, Intel Corp., Sirius XM Radio Inc.

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PennyStockAlley.com Alerts Today's Possible Movers and Shakers: Bank of America Corp., Ford Motor Company, Intel Corp., Sirius XM Radio Inc.

Bank of America Corp., the largest U.S. lender by assets, will get at least $700 million from QBE Insurance Group Ltd. for the Balboa insurance unit, exiting the market for coverage of foreclosed homes and those with distressed buyers. Under Chief Executive Officer Alan Mulally, who'd joined the company from Boeing in 2006, Ford had not simply avoided bankruptcy and a federal bailout, it had turned itself into the world's most profitable automaker. Intel competes with Advanced Micro Devices primarily in the microprocessor business and will see greater competition as players like Nvidia enter the fray. Morgan Stanley expects Sirius XM's quarterly earnings to come in at $49.7 million, or 1 cent a share, compared to a loss of $25.2 million in the fourth quarter of 2009.

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