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Stock Market & Financial Investment News

News Breaks
April 9, 2014
12:18 EDTAA, ACI, WLT, ANR, NXST, SBGI, GTN, CTCT, GM, TM, PG, STZOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday ahead of the release of the minutes for the Federal Reserve’s last policy meeting. Investors may have gained some optimism about the upcoming earnings season following Alcoa’s (AA) first quarter report, sending its shares and the major averages higher right from the outset of today’s trading. The indexes have moved in a relatively narrow range, but have remained in positive ground throughout the morning. ECONOMIC EVENTS: In the U.S., wholesale inventories rose 0.5% in February, matching economists’ forecast. The minutes for the March 18-19 FOMC meeting are scheduled to be released at 2 pm ET. COMPANY NEWS: Shares of aluminum producer Alcoa gained more than 3% after the company unofficially kicked off the earnings season with its report last night. The company reported first quarter adjusted profit that beat estimates, on revenue that missed expectations, adding that its year-to-date productivity gains are ahead of schedule… Toyota Motor (TM) saw its New York listed shares slip a bit over 1.5% after the company announced the recall of over 6M vehicles worldwide and its shares were downgraded to a Neutral rating at Bank of America Merrill Lynch. Another automaker grappling with its own recall issues, General Motors (GM), declined 2% after Morgan Stanley downgraded the stock to Underweight from Equal Weight. GM will need to invest heavily into connected vehicles, advanced power trains and eventually autonomous cars, which will pressure margins and earnings, the analyst contended… Procter & Gamble (PG) shares were fractionally higher after the consumer goods giant agreed to sell its three major pet food brands - Iams, Eukanuba, and Natura - to Mars for $2.9B. MAJOR MOVERS: Among the notable gainers was marketing software and solutions provider Constant Contact (CTCT), which surged 28% higher after the company’s preliminary first quarter revenue exceeded analysts' projection. Also higher were shares of several companies that own local TV stations, including Gray Television (GTN), Sinclair Broadcast (SBGI), and Nexstar (NXST), after Wells Fargo upgraded all three stocks after its meetings with FCC representatives relieved its prior concerns that the agency could veto sharing deals among stations. Among the noteworthy losers was beer and wine importer and distributor Constellation Brands (STZ), which slid 3% despite the company reporting sales that matched estimates and adjusted profits that beat the consensus forecast. Also lower were shares of a number of coal producers, including Alpha Natural Resources (ANR), Walter Energy (WLT) and Arch Coal (ACI), after all three stocks were downgraded to Sell at UBS. INDEXES: Near noon, the Dow was up 57.81, or 0.36%, to 16,313.95; the Nasdaq was up 29.81, or 0.72%, to 4,142.80; and the S&P 500 was up 6.06, or 0.33%, to 1,858.02.
News For AA;PG;TM;GM;CTCT;GTN;SBGI;NXST;ANR;WLT;ACI;STZ From The Last 14 Days
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October 14, 2014
18:12 EDTTMToyota to manufacture SUVs in Turkey starting in 2016, Nikkei reports
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16:00 EDTAAOptions Update; October 14, 2014
iPath S&P 500 VIX Short-Term Futures down 40c to 39.11. Option volume leaders: AAPL TSLA TWTR AMZN GILD C JNJ AA NFLX PBR according to Track Data.
14:12 EDTSTZConstellation Brands files automatic mixed securities shelf
10:08 EDTPGProcter & Gamble: There is no doubt we are in a stretch of global volatility
The company said there is a high amount of volatility both politically and economically. The company said it is "trying its best" and that they're "on it."
10:01 EDTGMOn The Fly: Analyst Downgrade Summary
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09:26 EDTPGProcter & Gamble sees significant savings opportunities
The company plans to create a new P&G over the next 18-24 months that will consist of 70-80 brands organized in a dozen businesses. The company plans to reduce waste, and to have a North Aerican supply chain redesign that will see fewer, multi-category plants and more common manufacturing platforms. Comments taken from P&G Annual Meeting of Shareholders.
09:12 EDTCTCTConstant Contact partners with vCita
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06:20 EDTGMGeneral Motors downgraded to Buy from Conviction Buy at Goldman
Goldman removed General Motors from the Conviction Buy List and lowered estimates to to cuts in North American and European production and a difficult pricing environment. The firm maintains its Buy rating and views risk/reward as favorable and expects reasonably strong comps over then next two quarters. Price target lowered to $47 from $48.
05:34 EDTTMToyota reports September global hybrid sales surpassed 7M unit mark
Toyota announced global hybrid sales surpassed the 7M unit mark in September. Toyota achieved this latest million-unit hybrid milestone at the record pace of nine months. Including hybrid vehicles launched this year, Toyota will introduce at total of 15 new hybrids globally through 2015. Hybrids launched this year comprise the Lexus Voxy Hybrid and Noah Hybrid in Japan only, and the Lexus NX 300h. This month Toyota will introduce the Lexus RC 300h. Toyota plans to continue expanding its hybrid lineup and increase the number of countries and regions where it sells hybrid vehicles.
October 13, 2014
12:10 EDTGMGM lawyer says 27 people eligible for ignition switch compensation, AP reports
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09:39 EDTAAActive equity options trading on open
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09:31 EDTACIArch Coal sees Q3 adjusted EBITDA $70M-$74M
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06:44 EDTTM, GMRegulators seeking banks' auto loan data, Reuters reports
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October 12, 2014
17:21 EDTGMTesla ahead of other car makers on semiautonomous driving system, WSJ says
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October 10, 2014
17:14 EDTAAMarket ends week lower amid global growth worries
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11:51 EDTAAUpdate: Alcoa upgraded to Strong Buy from Buy at Tigress Financial
Tigress Financial upgraded Alcoa to Strong Buy from Buy and added it to the Focus List. The analyst believes Alcoa's transition to a higher value-added business will drive increasing profits and shareholder returns. Tigress would be aggressive buyers of shares.
09:38 EDTACIActive equity options trading on open
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09:32 EDTNXSTNexstar upgraded to Buy from Hold at Evercore
08:48 EDTSBGISinclair Broadcast has positive catalysts, fears overdone, says RBC Capital
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06:12 EDTGMGeneral Motors reports September China sales up 15.2% to 319,936
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