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| Earnings Roundup: F, PG Ford Motor Company (F) reported a profit of $13.62 billion, or $3.40 per share in the fourth quarter, representing the eleventh straight quarter of profitability. Revenue increased by six percent to $34.6 billion. A year earlier, the company earned $190 million, or 5 cents per share. The profit, however was largely attributable to an accounting change that moved $15.7 billion worth of tax credits and assets back on the books that were removed in 2006 when the company was not profitable and could not take advantage of them. Without the accounting change, the company earned 20 cents per share, short of of estimates of 25 cents. Analyst Moves: AEP, HIG American Electric (AEP) was downgraded today by Deutsche Bank (DB) from buy to hold with a $41 price target, due to an uncertain earnings outlook. America's Most Overpriced Cities The Lone Star state has gotten a lot of good press lately for coming through the economic downturn relatively unscathed. Since 2008, nearly 40% of all of the nation’s new jobs since have been created there. Thanks to that strong economy, housing in Texas’ biggest cities, including Houston, San Antonio and Austin, never suffered from the plunge in property values that struck the rest of the United States in the last few years. Friday Sector Leaders: Sporting Goods & Activities, Chemicals In trading on Friday, sporting goods & activities shares were relative leaders, up on the day by about 2.4%. Leading the group were shares of Wms Industries (WMS), up about 12.3% and shares of Cedar Fair (FUN) up about 1.2% on the day. Weekly Wrap: 1/27/2012 This fourth trading week of 2012 comes to a close with investors sending stocks lower following a disappointing GDP report. |