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Stock Market & Financial Investment News

News For AAPL;DDAIF;VLKAY;F;HMC;NSANY;TSLA;GM;FIATY;TM;EADSY;BA From The Last 14 Days
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August 1, 2014
16:02 EDTTSLA, AAPLOptions Update; August 1, 2014
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15:40 EDTAAPLApple wins preliminary approval of $450M e-book settlement, Bloomberg says
Apple has won preliminary approval of its $450M e-book law suit settlement, according to Bloomberg. In the lawsuit, Apple was accused of helping fix prices of e-books. Final approval of the case has been scheduled for November 21, Bloomberg added. Reference Link
13:02 EDTDDAIFMercedes-Benz USA reports July sales up 16.4% to 30,757 units
11:51 EDTHMCHonda reports July U.S. sales down 3.9% to 135,908 vehicles
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11:43 EDTAAPLAndroid jumps past iOS in global usage, BGR reports
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10:56 EDTTMToyota reports July U.S. sales up 11.6% to 215,802 units
Toyota, Scion and Lexus reported July U.S. sales results of 215,802 units, an increase of 7.3% from the same month of 2013 on a daily selling rate. On a raw-volume basis, unadjusted for 26 selling days in July 2014 versus 25 selling days in 2013, sales increased 11.6% from year-ago month.
10:43 EDTVLKAYVolkswagen reports July U.S. sales down 14.6% to 30,553 units
10:39 EDTTMToyota reports July U.S. sales up 11.6%, Bloomberg says
10:22 EDTAAPLApple reportedly completes $3B acquisition of Beats
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09:50 EDTAAPL, TSLAActive equity options trading on open
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09:34 EDTGMGeneral Motors sees July light vehicle SAAR 16.7M
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09:33 EDTGMGeneral Motors reports 75 days supply inventory to end July
GM reports days inventory of all vehicles of 737,731 at month end, or 75 days supply, compared to 798,532 at previous month end, or 72 days supply.
09:31 EDTGMGeneral Motors reports July U.S. sales up 9.4% to 256,160 units
09:27 EDTNSANYNissan reports July U.S. sales up 11.4% to 121,452 units
09:01 EDTFFord reports July U.S. sales up 10% to 212,236 vehicles
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08:43 EDTNSANYNissan reports July U.S. sales up 11.4%, Bloomberg says
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08:20 EDTFIATYChrysler sees U.S. industry July SAAR at 16.8M units
Chrysler said U.S. industry sales figures for July are internally projected at an estimated 16.8M units Seasonally Adjusted Annual Rate.
08:19 EDTFIATYChrysler reports July U.S. sales up 20% to 167,667 units
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07:57 EDTAAPLApple content delivery network live with 'massive capacity,' Streamingmedia says
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07:14 EDTGMLawyer foresees claim surge at beginning of GM compensation, Reuters says
GM's lawyer in charge of its ignition switch compensation program, Kenneth Feinberg, said that he anticipates several hundred claims to be filed at the beginning of the pay-program which is set to be unveiled to victims of the defected switch, according to Reuters, citing comments from Feinberg and company spokesman Jim Cain. Reference Link
07:13 EDTBABoeing management to meet with Deutsche Bank
Meeting to be held in Toronto on August 1 hosted by Deutsche Bank.
06:42 EDTFIATYChairman says 2% share in Fiat owned by PBC, Reuters says
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06:35 EDTGMGM joint venture to recall Cadillacs in China, Xinhua reports
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06:33 EDTFIATYFiat shareholders set to approve Chrysler merger, Reuters says
Fiat investors are anticipated to give the go-ahead in regards to the firm's merger with its U.S. division Chrysler, according to Reuters, citing comments from the carmaker's chairman John Elkann. Reference Link
06:31 EDTAAPLAnalyst says Apple may ship just 3M iWatch units in 2014, Apple Insider reports
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06:28 EDTGMGeneral Motors has offered many discounts in recent months, NY Times says
GM has offered many discounts and lease deals since last spring in an effort to boost its sales in the wake of its safety crisis, according to The New York Times. The company's U.S. sales rose 2.5% in the first six months of the year, the newspaper noted. Reference Link
06:18 EDTAAPLYahoo Japan introduces car navigation app, WSJ reports
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06:04 EDTFFord's executive chairman says CEO transition "smooth," Detroit News reports
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July 31, 2014
18:58 EDTTSLAOn The Fly: After Hours Movers
UP AFTER EARNINGS: Imperva (IMPV), up 13.4% after reporting quarterly results... LinkedIn (LNKD), up 7.7% after reporting better than expected second quarter results and guidance for third quarter and fiscal 2014... Expedia (EXPE), up 2.1% after reporting second quarter results above analyst estimates and raising its quarterly dividend... Priceline (PCLN), up marginally following Expedia's second quarter results...Tableau Software (DATA), up 1.5%... Mohawk (MHK), up 3%. ALSO HIGHER: Sarepta Therapeutics (SRPT), up 3.4% after the FDA said that it will explore quick approval of DMD drugs. DOWN AFTER EARNINGS: Web.com (WWWW), down 16.8% after reporting second quarter results and acquiring UK online directory company Scoot... ARRIS Group (ARRS), down 8.6%... Control4 (CTRL), down 11.1%... SunPower (SPWR), down 5%... GoPro (GPRO), down 11.2%... Outerwall (OUTR), down 2%... Tesla (TSLA), down marginally after reporting second quarter results and announcing that it broke ground on a possible Gigafactory location in Reno, Nevada.
18:34 EDTTSLATesla says has addressed majority of quality issues
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17:41 EDTTSLATesla sees 100,000 unit run rate by end of 2015, split between Model S, X
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16:44 EDTTSLATesla moves lower, shares now down 4% to $215
16:11 EDTTSLATesla rallies 4% to $232 following Q2 results
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16:10 EDTTSLATesla says broke ground in Reno on possible Gigafactory location
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16:10 EDTTSLATesla says on track for more than 35,000 deliveries in 2014
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16:09 EDTTSLATesla raises 2014 investment guidance by $100M to $750M-$950M
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16:09 EDTTSLATesla sees Q3 non-GAAP automotive gross margin consistent with Q2
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16:08 EDTTSLATesla plans to produce about 9,000 cars in Q3
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16:07 EDTTSLATesla reports Q2 Model S deliveries of 7,579 vehicles
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16:06 EDTTSLATesla reports Q2 EPS 11c, consensus 4c
Reports Q2 revenue $858M, consensus $810.61M.
16:00 EDTTSLA, AAPLOptions Update; July 31, 2014
iPath S&P 500 VIX Short-Term Futures up $2.52 to 31.61 Option volume leaders: AAPL TWTR TSLA WFM AMZN NFLX FB GILD according to Track Data.
15:38 EDTTSLANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Tesla Motors (TSLA), consensus 4c; Public Storage (PSA), consensus $1.96; Edison International (EIX), consensus 83c; DaVita HealthCare (DVA), consensus 89c; Southwestern Energy (SWN), consensus 59c; Northeast Utilities (NU), consensus 50c; Fluor (FLR), consensus 99c; Expedia (EXPE), consensus 76c; Western Union (WU), consensus 36c; Microchip Technology (MCHP), consensus 67c; Mohawk (MHK), consensus $2.20; PerkinElmer (PKI), consensus 59c; Apartment Investment (AIV), consensus 51c; LinkedIn (LNKD), consensus 39c; Douglas Emmett (DEI), consensus 39c; Trulia (TRLA), consensus (16c); Outerwall (OUTR), consensus $1.36; Enbridge Energy Partners (EEP), consensus 24c; FleetCor Technologies (FLT), consensus $1.25; Ashland (ASH), consensus $1.57; Pharmacyclics (PCYC), consensus (22c); Community Health Systems (CYH), consensus 35c; Arch Capital (ACGL), consensus 99c.
15:20 EDTTSLAEarnings Preview: Morgan says Q2 may pressure Tesla, recommends buying dip
Tesla Motors (TSLA) is scheduled to report second quarter earnings after the market close on Thursday, July 31, with a conference call scheduled for 5:30 pm ET. Tesla designs, manufactures and sells electric vehicles, including its flagship Model S. EXPECTATIONS: Analysts are looking for earnings of 4c per share on revenue of $810.61M, according to First Call. The consensus range for EPS is (5c)-22c on revenue of $739.6M-$932.96M. In May, the company said it expects to deliver about 7,500 Model S vehicles in Q2. The company also said it plans to produce 8,500 to 9,000 cars in the quarter, representing a 13% to 19% increase over Q1. "Planned production is again higher than deliveries because of the growing pipeline of in-transit cars to Asia and Europe that have been built-to-order for customers," Tesla noted. Tesla noted at that time that it was on track for more than 35,000 deliveries in 2014. LAST QUARTER: On May 7, Tesla reported first quarter EPS of 12c against estimates for 10c. The company reported non-GAAP revenue $713M, compared to consensus of $699.1M. The company reported Q1 Model S production of 7,535 vehicles. NEWS: This morning, Panasonic (PCRFY) and Tesla said they have signed an agreement that lays out their cooperation on the construction of a large-scale battery manufacturing plant in the United States, known as the Gigafactory, which will produce cells, modules and packs for Tesla's electric vehicles and for the stationary storage market. According to the agreement, Tesla will prepare, provide and manage the land, buildings and utilities. Panasonic will manufacture and supply cylindrical lithium-ion cells and invest in the associated equipment, machinery, and other manufacturing tools based on their mutual approval. The Gigafactory is planned to produce 35GWh of cells and 50GWh of packs per year by 2020. On June 12, Tesla CEO Elon Musk announced in a blog post that the company will not initiate patent lawsuits against anyone who, in good faith, wants to use its technology. Earlier in the same month, Musk told shareholders at the company's annual meeting that he plans to remain as the CEO for "at least" another four to five years, as he has committed to remain the CEO "at least" until high-volume is achieved for the third-generation Model X. STREET RESEARCH: On the day after Tesla's last quarterly report, Baird said it would use any weakness in the stock as an "aggressive buying opportunity." The firm said its Q1 results were good and felt its guidance was better than expected. The firm kept its Outperform rating and $275 price target on the stock at that time. One week ago, Baird said it believes consensus estimates for Q2 on Tesla are generally on-target, but the firm believes Street estimates may need to come down for Q3 to account for higher operating expenses and the company's lease program. Baird estimates 7,565 Model S deliveries in Q2 and said the company's production may beat expectations. The firm still keeps its Outperform rating and $275 price target on Tesla. Yesterday, Morgan Stanley said it expects Tesla's Q2 results to have some items that could pressure shares. The analyst expects weakish Q3 volume guidance due to extensive retooling ahead of higher volumes at the Fremont plant. It also expects North American Model S volumes to be down significantly year-over-year as the company prioritizes the international roll-out and fears lack of details on the Gigafactory may create more questions. Despite these short-term concerns, the analyst recommends buying Tesla on a potential dip given its significant long-term opportunities. Morgan Stanley maintains an Overweight rating on shares of Tesla. PRICE ACTION: On the day after its Q1 report, shares of Tesla fell about 11.3% to $178.59. Over the last three months, the stock is up about 8%. In afternoon trade ahead of tonight's Q2 report, Tesla is down over 2% to $223.85.
14:46 EDTTSLATesla August weekly 225 straddle priced for 8.8% move into Q2
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14:14 EDTAAPLU.S. judge orders Microsoft to hand over emails from abroad, Reuters says
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14:10 EDTTSLATesla technical notes ahead of results
In the prior three months the shares have outperformed, trading up over 10%. The range in the stock in the same period has been wide, with $180 at the low and $240 at the high. At the current price of $226.56 the shares are not far from the top of the range and the short-term trend is up. It would not take a great deal of good news to push the shares to the top of the range for a test. On a breakout the next major resistance isn't until the life high at $265. On strong news the shares could test that area. The short-base in the name remains high, with over 26% of the float short. That could add as it has in the past to a significant short-squeeze on positive news. If the news disappoints, support levels to watch as potential downside objectives are at $210.24, $195.30, and $178.59.
12:03 EDTAAPLStocks with call strike movement; AAPL WAG
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10:36 EDTEADSYAMES adds Airbus models to maintenance capabilities
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09:44 EDTAAPL, TSLAActive equity options trading on open
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09:04 EDTAAPL, FBlackBerry downplays loss of Ford business to Apple, WSJ says
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06:54 EDTAAPLApple said to launch iPhone 6 on October 14, Mac Rumors reports
According to a source, Apple could be planning to launch the upcoming iPhone 6 on October 14, Mac Rumors reports. The source says October will be an "incredibly busy" month for the company. Reference Link
06:29 EDTAAPLSamsung planning two high-end smartphones within next 6 months, WSJ reports
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06:21 EDTAAPLApple said to fire 200 Beats employees after buyout, Bloomberg says
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06:14 EDTBABoeing to assemble 787-10 Dreamliner in South Carolina
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06:07 EDTFIATYFiat recalling Fiat 500 L cars due to airbag defect, Detroit News reports
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05:49 EDTBABoeing and All Nippon Airways finalize orders for 40 widebody airplanes
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05:41 EDTTSLATesla, Panasonic sign agreement for construction of U.S. Gigafactory
Panasonic (PCRFY) Tesla Motors (TSLA) said they have signed an agreement that lays out their cooperation on the construction of a large-scale battery manufacturing plant in the United States, known as the Gigafactory. According to the agreement, Tesla will prepare, provide and manage the land, buildings and utilities. Panasonic will manufacture and supply cylindrical lithium-ion cells and invest in the associated equipment, machinery, and other manufacturing tools based on their mutual approval. A network of supplier partners is planned to produce the required precursor materials. Tesla will take the cells and other components to assemble battery modules and packs. To meet the projected demand for cells, Tesla will continue to purchase battery cells produced in Panasonic's factories in Japan. Tesla and Panasonic will continue to discuss the details of implementation including sales, operations and investment. The Gigafactory will produce cells, modules and packs for Tesla's electric vehicles and for the stationary storage market. The Gigafactory is planned to produce 35GWh of cells and 50GWh of packs per year by 2020. Tesla projects that the Gigafactory will employ about 6,500 people by 2020. It expects cost reductions will be achieved through optimized manufacturing processes driven by economies of scale previously unobtainable in battery cell and pack production.
July 30, 2014
19:20 EDTFFord launches Taiwan-based supply center, Taipei Times reports
Ford has launched a vehicle modification center in Taiwan to supply parts and accessories for Ford cars in the Asia-Pacific region, the Tapei Times says, citing Ford's VP of Asia Pacific and Africa division, John Cooper. The center is the company's first in the region, and aims to eventually supply products to China, Thailand and Australia. Reference Link
16:00 EDTTSLA, AAPLOptions Update; July 30, 2014
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14:30 EDTAAPLApple tells engineers not to expect TV launch this year, The Information says
Apple (AAPL) engineers working on the company's television product have been told not to expect a launch this year, with the tech giant citing cable companies “dragging their heals” and the pending merger of Comcast (CMCSA) and Time Warner Cable (TWC) as reasons the TV service has been delayed, according to The Information, citing a person familiar with the company's plans. Reference Link
14:01 EDTEADSYExelis receives multimillion dollar contract for Airbus A380 struts
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13:58 EDTGMGM recalls 2013-2014 Chevrolet Caprices, 2014 Chevrolet SSs
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11:57 EDTAAPLNew COO Beard says BlackBerry will 'prove' people incorrect, WSJ says
Even though BlackBerry (BBRY) is up against obstacles from rivals such as Apple (AAPL) and Google's (GOOG) Android smartphones, the company's new COO Marty Beard says that the firm is positioned to "prove people wrong" and take advantage of an emerging market for internet-connected devices, according to The Wall Street Journal, citing comments from Beard. Reference Link
09:53 EDTAAPLBest Buy CEO Joly says sales of tablets 'crashing,' Re/code reports
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09:38 EDTAAPL, TSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN TWTR NFLX GILD C MA FB RFMD AMGN GNW TSLA
09:22 EDTTSLAMorgan Stanley would buy Tesla on a Q2 dip
Morgan Stanley expects Tesla's Q2 results to have some items that could pressure shares. The analyst expects weakish Q3 volume guidance due to extensive retooling ahead of higher volumes at the Fremont plant, North American Model S volumes to be down significantly year-over-year as the company prioritizes the international roll-out, and believes lack of details on the gigafactory to create more questions. Despite these short-term concerns, the analyst recommends buying Tesla on a potential dip given significant long-term opportunities. Shares are Overweight rated
08:48 EDTTSLATesla Motors August weekly volatility elevated into Q2 and sales outlook
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08:31 EDTAAPLInvenSense likely obtained substantial business from Apple, says Pacific Crest
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08:15 EDTAAPLApple's iPad global market share may ship below 25% in 2H14, DigiTimes says
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06:57 EDTVLKAY, TMVolkswagen poised to overtake Toyota in vehicle sales, Reuters says
Volkswagen's (VLKAY) rapid growth in China leaves it well-positioned to overtake Toyota (TM) as the world's leader in vehicle sales, according to Reuters. Volkswagen's sales for the first half of the year could eclipse those of Toyota, the news service stated. Reference Link
06:49 EDTGMGM faces ignition switch suit on behalf of 658 victims, Reuters says
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06:16 EDTEADSYAirbus considers Dassault Aviation stake sale, FT reports
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05:42 EDTEADSYAirbus continues to see FY15 return on sales target 7%-8%
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05:40 EDTEADSYAirbus sees FY14 revenue stable compared to FY13
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05:38 EDTEADSYAirbus reports Q2 EPS EUR 0.89 vs. EUR 0.66 last year
Reports Q2 revenue EUR 14.55B vs. EUR 13.58B last year.
05:23 EDTBABoeing sees rising demand for commercial pilots, technicians
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July 29, 2014
16:01 EDTAAPL, TSLAOptions Update; July 29, 2014
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12:39 EDTF, AAPLFord replacing employees' BlackBerry phones with iPhones, Bloomberg reports
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12:08 EDTBABoeing resells Inmarsat-5 satellite bandwidth to U.S. Government
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10:57 EDTAAPLApple iWatch launch said to be delayed to at least December, BGR reports
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10:52 EDTAAPLApple iPhone 6 with sapphire to be limited by production issues, LEDinside says
Analysis of Apple's (AAPL) iPhone 6 supply chain indicates component suppliers have to start shipping products to OEMs for assembly in June to meet the September launch date, but LEDinside said its research did not discover demands for smartphone cover glass. "The sapphire glass version iPhone 6 will be issued in limited volumes this year," the periodical contends. Note that GT Advanced is a parter to Apple and sapphire supplier to the tech giant. Reference Link
09:52 EDTAAPL, TSLAActive equity options trading on open
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08:37 EDTHMCHonda declares Y22 per share dividend
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08:36 EDTHMCHonda sees FY14 net income per share Y332.91
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08:34 EDTHMCHonda reports Q3 EPS 80c vs. 67c last year
Reports Q3 revenue $29.48B, one estimate $30.13B. Honda's consolidated net income attributable to Honda Motor totaled $1.445B, an increase of 19.6% from the same period last year. Basic net income attributable to Honda Motor per common share for the quarter amounted to 80c, an increase of 13c from the corresponding period last year.
08:31 EDTAAPLApple updates MacBook Pro with Retina display
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08:00 EDTAAPLGarmin should be bought on any weakness after results, says Oppenheimer
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07:51 EDTTMToyota urged to recall Camry Hybrid by Consumer Reports
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07:15 EDTTSLATesla Motors August weekly volatility elevated into Q2 and sales outlook
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06:41 EDTAAPLFoxconn's labor practices in spotlight again following employee death, WSJ says
Foxconn says that an employee died in Shenzhen, China, putting the Apple supplier's labor practices in the spotlight again, the Wall Street journal reports. The cause of the 22-year-old male employee's death is still being investigated. The company, which assembles many iPhones and iPads for Apple, has been under scrutiny for its labor practices after several suicides and accidents at its Chinese factories. Reference Link
06:37 EDTNSANYNissan anticipates Takata to compensate all recall-related costs, Reuters says
Nissan's corporate vice president Joji Tagawa said that he expects Takata to compensate the car manufacturer for all expenses having to do with the recent air bag recall, according to Reuters, citing comments from Tagawa. Tagawa did not say the exact costs linked to the recall. Reference Link
06:32 EDTEADSYRolls-Royce says Airbus-Skymark deal cancelation to impact order book
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06:05 EDTEADSYAirbus terminates purchase order with Skymark Airlines for A380s
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05:22 EDTBABoeing delivers 787-9 Dreamliner to ANA
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July 28, 2014
16:00 EDTAAPLOptions Update; July 28, 2014
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15:14 EDTTSLATesla will need capital if it moves forward with Gigafactory, says BofA/Merrill
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14:21 EDTF, GMGM moves up launch of more fuel efficient full-size pickups, Reuters says
Aiming to narrow Ford Motor's (F) sizable lead in meeting U.S. fuel-economy targets, General Motors (GM) is accelerating its planned launch of new full-size pickups by about nine months to fall 2018, according to Reuters, citing supplier sources. GM's redesigned full-size SUVs are seen to follow about a year later, the report added, citing two of the sources. Reference Link
14:00 EDTTSLATesla, Panasonic reach pact on Gigafactory participation, Nikkei says
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13:34 EDTBAFAA seeks $12M civil penalty against Southwest Airlines
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13:19 EDTTSLAWork halted at Tesla's reported Gigafactory location in Nevada, RGJ says
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13:00 EDTTSLABMW launches new quick chargers for electric cars
BMW of North America earlier today unveiled new chargers that can charge its BMW i3 all-electric vehicle’s battery up to 80% in 30 minutes, according to the company. Tesla (TSLA) plans to begin selling a car that is similar to BMW's 3 Series sedans in 2017.
12:46 EDTFFord ups cost of F-150s, dealers start ordering new models, Reuters says
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12:45 EDTAAPLApple says large amount of data can be obtained about iPhone users, Reuters says
Apple employees can extract personal data from iPhones through previously unpublicized methods, Apple acknowledged last week, Reuters reported on Friday night. The company's admission came after a researcher showed last week how iPhone services extract a "surprising" amount of data about their users, the news service stated. Reference Link
12:26 EDTAAPLIHS teardown says Amazon Fire phone costs $205 to build, Re/code reports
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10:38 EDTFIATYChrysler recalls 643,618 cars due to potential ignition switch defect
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10:22 EDTAAPLMIT Technology Review discusses new sapphire production at GT
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09:50 EDTAAPLActive equity options trading on open
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08:38 EDTBANational Contract Management Association to hold a conference
World Congress 2014 to be held in Washington, D.C. on July 27-30.
08:19 EDTFFord to host sales conference call
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07:23 EDTAAPLApple's acquisition of Beats cleared by European Commission
The European Commission has cleared under the EU Merger Regulation Apple's acquisition of Beats Electronics and Beats Music. Beats Electronics was established in 2008 and designs, develops and sells audio products such as headphones and audio speakers. The Commission concluded that the combination of the two businesses did not raise competition concerns because the combined market share of Apple and Beats Electronics is low. In addition, Apple and Beats Electronics are not close competitors because the headphones they sell differ markedly in functionality and design.
07:21 EDTAAPLBlackBerry, Dell play-down risk of Apple-IBM partnership, Reuters says
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06:43 EDTVLKAYAudi decreases spare-part costs in China amid investigation, Reuters says
Volkswagen's (VLKAY) premium brand Audi (AUDVF) said it plans to reduce spare-part costs in China as worldwide carmakers rush to amend their pricing goals after the National Development and Reform Commission in China started investigating the vehicle industry, according to Reuters, citing comments in an emailed statement from Audi. The NDRC is looking into the industry amid domestic media allegations that foreign car companies, using a monopolistic market position, are charging Chinese clients too much on products and extra parts. Reference Link
06:37 EDTAAPLRival asks for ban on sale of Beats products, Re/code says
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06:36 EDTGMGM Korea avoids strike with preliminary wage agreement, Reuters says
GM's South Korean division avoided a possible strike at one of its core Asian product bases by arriving at a preliminary wage agreement with its labor union, according to Reuters, citing comments from union spokesman Jang Kyung-dae. Under the agreement, GM Korea said it will pay a combined $10,200 in bonuses and incentives to each employee and increase the basic wage by won 63K. Reference Link
06:07 EDTGMNHTSA closes GM defect petition review
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06:04 EDTTMNHTSA closes Toyota Prius defect petition review
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05:58 EDTAAPLApple nears deal to buy Swell radio app for $30M, Re/code reports
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05:56 EDTNSANYNissan reaffirms FY14 net income outlook $4.05B
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05:55 EDTNSANYNissan reports Q1 net income up 37% to $1.10B
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July 27, 2014
20:31 EDTGMNHTSA investigating air bag software on older Chevrolet Impalas, Reuters says
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19:00 EDTNSANYNissan recalls additional vehicles over airbag, WSJ says
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15:38 EDTAAPLApple acquires book analytic startup BookLamp, TechCrunch says
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10:40 EDTAAPLLarger iPhone could squeeze iPad sales further, Barron's says
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July 25, 2014
18:14 EDTFFord engineer investigated by FBI over listening devices, Reuters reports
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16:49 EDTBA, AAPL, GMS&P ends week little changed amid earnings deluge
The S&P 500 finished little changed this week as mixed U.S. economic data and continued geopolitical uncertainty offset strong earnings from a number of major companies and upbeat overseas economic data. MACRO NEWS: U.S. economic data was mixed, as fewer than expected jobless claims were reported and durable goods orders for June were slightly higher than expected, but new home sales for June and a preliminary purchasing managers' index for July came in below expectations... Investors received some positive economic news from overseas, as HSBC's preliminary China purchasing managers' index for July reached an 18-month high. Meanwhile, a preliminary PMI for the euro zone for July came in at 54, versus 52.8 in June... Ongoing conflicts between Israel and Hamas and Russia and Ukraine kept investors on edge, with Friday reports indicating that no truce accord had been reached in Israel and that Russia was building up its troop presence along the Ukrainian border. COMPANY NEWS: Among the notable companies whose stocks rose after they reported quarterly results were Facebook (FB), Apple (AAPL), Allergan (AGN) and Chipotle Mexican Grill (CMG). Notable companies whose stocks sold off following their results included Netflix (NFLX), Harley-Davidson (HOG), General Motors (GM), Boeing (BA), McDonald's (MCD) and Pandora (P)... McDonald's was also hit this week by revelations that its restaurants in China had sold expired meat that was allegedly intentionally supplied by a China-based company. Yum! Brands (YUM) and a provider of products to Starbucks (SBUX) are also believed to have bought and sold expired meat from the supplier... In M&A news, Bloomberg reported that real estate website operator Zillow (Z) held talks about buying its rival, Trulia (TRLA). Both stocks surged. Shares of SodaStream (SODA) also rallied after Bloomberg reported that the company is in talks about selling itself to an investment firm that would take the beverage system maker private... On Monday, hedge fund manager Bill Ackman promised on CNBC that his presentation about Herbalife (HLF) would show why the company "is going to collapse." But the shares actually surged higher during and immediately after Ackman's presentation. Ackman has a large short position in the stock and notably alleged it is a pyramid scheme... BlackBerry's (BBRY) CEO told the Financial Times that his company was in early talks about partnering with companies to target the enterprise markets, in order to counter a recently announced partnership between Apple and IBM (IBM). INDEXES: For the week, the Dow fell 0.83% to 16,960.57, the Nasdaq rose 0.4% to 4,449.56, and the S&P was flat at 1,978.34.
14:10 EDTGMGM mulls $37M investment in Lansing plant expansion, Detroit News says
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14:04 EDTGMGeneral Motors large SUV sales help improve bottom line, NY Times says
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13:55 EDTAAPLBose sues Beats Electronics over alleged patent infringement
Bose Corporation filed a lawsuit requesting that the International Trade Commission commence an investigation to "remedy the unlawful importation" into the U.S. and/or sale within the U.S. of certain noise canceling headphones and components from Beats Electronics that are alleged to infringe one or more valid and enforceable U.S. patents owned by Bose. Beats Electronics has agreed to be acquired by Apple. Reference Link
13:13 EDTAAPLEinhorn bought Lam Research shares, sold Rite Aid last quarter
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12:12 EDTAAPLEinhorn takes stake in Lam Research, Bloomberg reports
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10:53 EDTGMGeneral Motors falls on state AG investigations, downgrades
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10:05 EDTAAPLSwatch says not working with Apple on smartwatches, Business Insider reports
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10:02 EDTGMOn The Fly: Analyst Downgrade Summary
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09:37 EDTTSLA, AAPLActive equity options trading on open
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09:31 EDTAAPLApple rumored to push out larger iPhone 6 production, AppleInsider says
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08:58 EDTFIATYNHTSA opening new probe into defects in Dodge Chargers, Detroit News reports
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08:35 EDTGMGeneral Motors downgraded at CLSA
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07:46 EDTGM, GMGeneral Motors downgraded to Outperform from Buy at CLSA
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07:43 EDTGMGeneral Motors sell-off an overreaction to messy Q2 results, says UBS
UBS believes the sell-off in General Motors following its messy Q2 results is an overreaction. The firm said the company posted in-line EU profits and better than expected profits in both South America and Asia while North America missed. UBS, which notes that GM management was confident in the second half of the year and expect favorable pricing to return to North America, keeps its Buy rating and $54 price target on the stock.
07:17 EDTF, GMGM, Ford optimistic on EU recovery amid Russia, Ukraine issues, Reuters says
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06:43 EDTAAPLApple $450M e-books agreement terms troubles U.S. judge, Reuters says
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06:39 EDTGMUnion says GM might give some Brazil employees paid leave, Reuters says
An auto workers union said that GM is looking to put 1K of 5.2K employees at a Brazil plant on paid leave amid decreasing output in Latin America's biggest economy, according to Reuters, citing comments from a union leader. Reference Link
06:24 EDTGMGeneral Motors downgraded to Hold from Buy at Deutsche Bank
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06:02 EDTGMGM says 45 state AGs investigating ignition recalls
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July 24, 2014
17:43 EDTFFord shares look attractive, Barron's says
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17:05 EDTGMOn The Fly: Closing Wrap
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16:00 EDTTSLA, AAPLiPath S&P 500 VIX Short-Term Futures down 10c to 28.08
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13:16 EDTAAPLAkamai advances following Macquarie upgrade
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12:32 EDTF, GMOn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday amid another wave of earnings reports, headlined by Facebook (FB), Caterpillar (CAT), General Motors (GM) and Ford (F). The market has moved in a narrow range as investors try to digest the bevy of earnings reports that were released last night and this morning. The market has also had to battle a negative economic report on new home sales, which not only disappointed in June but saw the prior month revised lower as well. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 19K to 284K in the week ended July 19. While the BLS said there were no special factors in the claims data, they also reminded that the numbers can be very volatile at this time of year due in part to auto shutdowns. Markit's flash U.S. PMI for July dipped 1 point to 56.3 from 57.3 in June. June new home sales fell 8.1% to a 406K rate, which was worse than expected, and May's data was downwardly revised. In China, HSBC's flash manufacturing Purchasing Managers' Index rose to 52 in July from 50.7 a month earlier. COMPANY NEWS: Facebook achieved a new all-time high and its share price eclipsed $76, a level that was more than double the price of its initial public offering, after its revenue and profits beat expectations. After the report a number of Wall Street analysts hiked their price targets on the stock, with Jefferies and Topeka both raising their targets on the social network operator's stock to $100... Shares of General Motors declined more than 3% after its earnings per share, excluding special items, missed consensus expectations and its revenue also fell short of the analysts' forecast. The company took a $400M special charge related to its ignition switch compensation program, but cautioned that there is no cap on this program and it is possible the total cost could increase by another $200M. Also, GM recorded a non-cash pre-tax special charge of about $900M in the second quarter for the estimated costs of future possible recalls for "up to the next 10 years on 30M GM vehicles on the road today." In contrast, Ford reported earnings per share, excluding special items, and revenue that beat expectations and its stock rose 1%... Caterpillar dropped over 3% after its quarterly revenue missed expectations and it narrowed its outlook for full-year revenue. However, the heavy machine maker's earnings did beat the consensus forecast and it raised it fiscal year profit outlook. MAJOR MOVERS: Among the notable gainers was Sodastream (SODA), which jumped nearly 20% after Bloomberg said the home beverage system maker is in talks with an investment firm on deal that would make it a private company and value it at about $828M, or $40 per share. Also higher following their earnings reports were Under Armour (UA), which rose 15%, and Dr. Pepper Snapple (DPS), which gained 5%. Among the noteworthy losers following their earnings reports were homebuilder DR Horton (DHI), which fell 10%, online travel company TripAdvisor (TRIP), which dropped 9%, and semiconductor chip maker Qualcomm (QCOM), which slid 6%. Also lower was review service operator Angie's List (ANGI), which plunged 19% after reporting second quarter losses per share and revenue that were worse than expected, prompting a number of downgrades of its stock by Wall Street analysts. INDEXES: Near midday, the Dow was up 8.25, or 0.05%, to 17,094.88, the Nasdaq was up 6.10, or 0.14%, to 4,479.80, and the S&P 500 was up 2.98, or 0.15%, to 1,989.99.
12:22 EDTBABoeing reports no order change in weekly update
11:00 EDTFIATYPeugeot denies Fiat merger discussions report, Bloomberg says
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10:41 EDTGMGeneral Motors sees 2H better than 1H excluding recalls
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10:37 EDTAAPLBlackBerry CEO says in enterprise partnership talks, FT reports
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10:34 EDTFIATYFiat 'categorically denies' report of merger talks with Peugeot, Bloomberg says
Bloomberg cites a Fiat (FIATY) spokesperson responding by phone to the report from Financial Times.
10:32 EDTFIATYFiat, Peugeot held informal merger talks earlier this year, FT says
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10:30 EDTFIATYFiat, Peugeot held informal merger talks earlier this year, FT says
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10:28 EDTGMGeneral Motors continues to expect China business to remain strong
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10:26 EDTGMGeneral Motors says global market share fell to 11.3% in Q2
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10:21 EDTGMGeneral Motors sees recall frequency up, cost per event down under new model
GM says it has "substantially completed" its efforts to address outstanding recall issues and announced earlier that it has implemented a new process for recalls. GM will now prospectively accrue estimated recall expense at time of sale, which it says is similar to policy and warranty and in-line with other manufacturers. The company expects to identify issues sooner and expects recall frequency up, but the number of vehicles and cost per event to be down under new process. The $874M non-cash special charge GM took is its "best estimate of remaining recall expense for the next 10 years for 30M GM vehicles on the road today," the company stated.
10:16 EDTGMGeneral Motors says reviewed vehicles back to 1990s in recall review
CEO Barra says two thirds of recalled vehicles no longer offered. GM says about 22M vehicles were recalled in Q2 and about 29M recalled year-to-date. Ignition switch replacement part availability continues to improve, with about 1M repair kits shipped and about 560k vehicles repaired. GM says rental car demand related to recalls "falling steadily." Comments from CEO Mary Barra speaking on the company's Q2 earnings conference call and from associated slides.
10:03 EDTBAOn The Fly: Analyst Downgrade Summary
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09:36 EDTTSLA, AAPLActive equity options trading on open
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09:30 EDTAAPLApple set to become TSMC's largest client, DigiTimes reports
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09:28 EDTAAPLApple to release iPhones at different times to avoid competition, DigiTimes say
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09:16 EDTF, GMOn The Fly: Pre-market Movers
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09:06 EDTTSLATesla Q2 production may beat, Street view on Q3 may need lowering, says RW Baird
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09:05 EDTBAUnited Technologies awarded U.S. Air Force landing gear contract
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09:00 EDTFFord estimates Q2 global market share 7.5%, down from 7.7% year ago
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08:54 EDTFFord says remains on track to be profitable in Europe by 2015
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08:47 EDTFFord reports Q2 EPS ex-items 40c, consensus 36c
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08:11 EDTGMGM Financial reports earnings of $175M for June quarter
Consumer loan originations were $3.6B for the quarter ended June 30. Consumer loan originations for the six months ended June 30, 2014 were $7B. Consumer finance receivables 31-to-60 days delinquent were 3.5% of the portfolio at June 30, 2014, compared to 3.4% at June 30, 2013. Accounts more than 60 days delinquent were 1.6% of the portfolio at June 30, 2014, compared to 1.4% a year ago. Annualized net credit losses were 1.4% of average consumer finance receivables for the quarters ended June 30, 2014 and 2013. For the six months ended June 30, 2014, annualized consumer net credit losses were 1.6%, compared to 1.8% for the six months ended June 30, 2013.
08:05 EDTBABoeing shares still attractive, says Wells Fargo
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07:52 EDTGMGeneral Motors says on track to be profitable in Europe by mid-decade
GM CFO Chuck Stevens said, “With successful new vehicle launches, we continue to generate strong results in the U.S. and China and remain on track to be profitable in Europe by mid-decade. We are confident we are currently on or ahead of plan to deliver the results we promised earlier this year, excluding the effects of recalls.” For Q2, GM North America reported EBIT-adjusted of $1.4B which included the impact of $1.0B in recall-related costs in the quarter, compared with EBIT-adjusted of $2.0B in the second quarter of 2013. GM Europe reported an EBIT-adjusted of ($0.3B) billion, which includes $0.2B for restructuring costs, which compares with ($0.1B) billion of EBIT-adjusted in the second quarter of 2013. GM International Operations reported EBIT-adjusted of $0.3B, compared to $0.2B in the second quarter of 2013. GM South America reported EBIT-adjusted of ($0.1B), compared with EBIT-adjusted of $0.1B in the second quarter of 2013. GM Financial earnings before tax was $0.3B for the quarter, compared to $0.3B in the second quarter of 2013.
07:48 EDTGMGeneral Motors takes $0.9B non-cash special charge for future possible recalls
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07:47 EDTGMGeneral Motors takes $0.4B special charge for ignition switch compensation
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07:46 EDTGMGeneral Motors reports Q2 adjusted EBIT $1.4B
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07:32 EDTGMGeneral Motors reports Q2 EPS ex-items 58c, consensus 59c
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07:26 EDTFIATYISS recommends Fiat investors vote against Chrysler deal, Reuters says
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07:19 EDTBABoeing downgraded to Neutral from Buy at BofA/Merrill
As previously reported, BofA/Merrill downgraded Boeing to Neutral from Buy. The firm believes the peak in the cycle is near and has concerns seat overcapacity may lead to order cancellations in out-years. The firm sees additional risks from shrinking milirary programs, 777x development risk, deferred production costs in the 787 program, overhangs to the 737 MAX transition and Airbus A321NEO competition vs. the 757. Price target lowered to $140 from $154.
06:51 EDTFFord sees Q3 production to be about 1.5M units
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06:51 EDTFFord reports Q2 total production 1.7M units
06:50 EDTBABoeing enters into agreement, engaged in talks with Iran regarding parts sales
Boeing said in a filing that during Q2 it entered into an agreement and engaged in related discussions with Iran Air pursuant to a license from the U.S. Office of Foreign Assets Control. The agreement sets forth general terms and conditions with respect to the potential sale of certain goods and services related to the safety of flight, including airplane parts, manuals, drawings, service bulletins, and navigation charts and data. Boeing also engaged in discussions pursuant to the OFAC license with Iran Air Tours, a subsidiary of Iran Air, with respect to the sale of similar goods and services. Boeing applied for the OFAC license consistent with guidance from the U.S. Government in connection with ongoing negotiations between the “P5+1” nations and Iran related to, among other things, the safety of Iran’s civil aviation industry. Boeing generated no gross revenues or net profits during the second quarter in connection with these activities.
06:46 EDTAAPLApple could launch mobile wallet as early as this fall, The Information reports
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06:44 EDTFFord Credit sees FY14 pre-tax profit to be higher than 2013
Ford Credit also now expects year-end managed receivables of $112 billion to $115 billion, up from prior guidance of about $110 billion. Ford Credit continues to expect managed leverage in the range of 8:1 to 9:1, and distributions to its parent of about $250 million.
06:43 EDTFFord Credit reports Q2 pre-tax profit of $434M, net income $264M
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06:42 EDTFFord reports Q2 Total Automotive wholesale volume down 1%, revenue down 2%
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06:42 EDTFFord 'on track' for a solid year, 'higher volumes, revenues in 2015 and beyond'
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06:41 EDTFFord sees FY14 North America pre-tax profit to be lower than 2013
Sees North America operating margin in 8%-9% range. The company’s guidance includes 13 weeks of production downtime this year for the launch of the new F-150, including the summer shutdown at Ford’s Dearborn and Kansas City plants. Ford expects South America to incur a larger loss in FY14 than previously guided. It now expects the rest of the year for South America to be about breakeven to a loss due to lower-than-expected industry volumes and weaker currencies. The volatility in the region, including potential currency devaluations, adds uncertainty to short-term projections. Ford sees Q2 Europe pre-tax profit of $14M, due to lower costs and favorable exchange. Restructuring costs were lower than a year ago, primarily due to a reserve release this quarter associated with its Cologne investment agreement and non-recurrence of a facility write-off in Genk last year. Ford’s full-year guidance for Europe remains unchanged, with the region expected to improve pre-tax results compared with 2013. Ford expects Europe’s second half loss to be higher than the first half loss of $180 million. Lower second half wholesale volumes of about 100,000 units include the effect of summer shutdowns in the third quarter and year-end shutdowns in the fourth quarter. Ford’s full-year guidance for Middle East & Africa remains unchanged, with the region expected to be about breakeven with quarterly variability driven by factors such as the timing of production, mix of vehicles and long shipping times. Asia Pacific reported a second quarter pre-tax profit of $159M. For the full year, Ford continues to expect Asia Pacific to earn a higher pre-tax profit than a year ago. Ford expects full year results will be strong for the region, with third and fourth quarter results down from second quarter.
06:36 EDTFFord backs FY14 pre-tax profit guidance of $7B-$8B
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06:07 EDTBABoeing downgraded to Neutral from Buy at BofA/Merrill
July 23, 2014
18:03 EDTAAPLInvestors shouldn't wait too long to buy Apple, Barron's says
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17:01 EDTBA, AAPLOn The Fly: Closing Wrap
Stocks began the session mixed and remained that way throughout the trading day, with the Nasdaq the leader and the Dow the laggard. The tech-heavy Nasdaq was helped by a post-earnings rise in shares of Apple (AAPL), while the blue-chip index was weighed down by Boeing's (BA) under-performance following its own quarter report. There was little movement in the averages during the day as they remained in a narrow range, but the increase in the S&P 500 did manage to push it to a new all-time closing high. After the bell, investors will receive the next wave of earnings with AT&T (T), Facebook (FB) and Qualcomm (QCOM) scheduled to report. ECONOMIC EVENTS: In the U.S., MBA's mortgage market index rose 2.4%, with a 0.3% rise in the purchase index and a 4.1% gain in the refinance index for the week ended July 18. Also, the International Monetary Fund predicted that U.S. economic growth for 2014 as a whole will be a disappointing 1.7%. However, barring unforeseen shocks, 2015 growth should accelerate to the fastest annual pace since 2005, propelled by strong consumption growth, a declining fiscal drag, a pickup in residential investment, and easy financial conditions, said the IMF. COMPANY NEWS: Shares of Apple advanced $2.47, or 2.61%, to $97.19 after reporting third quarter earnings that beat expectations. However, the iPhone maker's revenue came in a bit short of analyst expectations for its just completed quarter and its guidance for sales in the new quarter was also below expectations. Piper Jaffray analyst Gene Munster said Apple's September quarter guidance suggests an iPhone 6 launch on September 26, versus the firm's prior expectation for a September 19 launch. Piper views Apple's Q3 results as removing the last major variable ahead of the iPhone and iWatch launches later this year and reiterates an Overweight rating on the stock. Another research firm, Janney Capital, said Apple did not address rumored new products, like the iPhone 6 and iWatch, on its earnings call, but did indicate that its wider than normal revenue guidance range was due to "many moving pieces," suggesting one or two new products may be introduced, but late in the quarter... Dow component Boeing sank $3.03, or 2.34%, to $126.71 despite reporting "core" EPS that beat expectations and raising its fiscal year earnings outlook to a range above the Wall Street consensus. Boeing's revenue missed expectations, however, and it also reported its total company backlog of $440B was unchanged from the beginning of the quarter... Another Dow member, McDonald's (MCD), fell 92c, or 0.96%, to $95.35 after the company reported weaker than expected second quarter results yesterday and its stock was downgraded by at least five research firms. MAJOR MOVERS: Among the notable gainers was Puma Biotechnology (PBYI), whose stock surged $174.40, or 295.44%, to $233.43 after the company reported positive data for its breast cancer drug and an analyst at Citigroup said that the company would probably become a takeover target. Also higher was Intuitive Surgical (ISRG), which rose $69.47, or 17.71%, to $461.63 and was upgraded at both Raymond James and Stifel after the company reported better than expected Q2 results. Among the noteworthy losers was Xilinx (XLNX), which tumbled $6.89, or 14.31%, to $41.26 after the company reported lower than expected first quarter revenue and forecast that its sales could drop as much as 4% in Q2 versus Q1. After the report, analysts at William Blair, Bank of America Merrill Lynch and BMO Capital all downgraded the stock. Also lower were shares of Juniper Networks (JNPR), which fell $2.39, or 9.63%, to $22.43 and was also downgraded at Bank of America Merrill Lynch after its Q3 guidance missed expectations. INDEXES: The Dow slid 26.91, or 0.16%, to 17,086.63, the Nasdaq rose 17.68, or 0.4%, to 4,473.70, and the S&P 500 gained 3.48, or 0.18%, to 1,987.01.
16:00 EDTTSLA, AAPLOptions Update; July 23, 2014
iPath S&P 500 VIX Short-Term Futures up 23c to 28.17. Option volume leaders: AAPL FB C GILD MSFT PBR NFLX AMZN TWTR TSLA according to Track Data
15:30 EDTF, GMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Ford (F), consensus 36c; General Motors (GM), consensus 58c; Potash (POT), consensus 46c; Caterpillar (CAT), consensus $1.52; 3M (MMM), consensus $1.91; Union Pacific (UNP), consensus $1.43; Bristol-Myers Squibb (BMY), consensus 44c; Eli Lilly (LLY), consensus 65c; Celgene (CELG), consensus 89c; Precision Castparts (PCP), consensus $3.35; Raytheon (RTN), consensus $1.59; Noble Energy (NBL), consensus 79c; Hershey (HSY), consensus 76c; Southwest Airlines (LUV), consensus 61c; Boston Scientific (BSX), consensus 19c; JetBlue (JBLU), consensus 19c.
15:02 EDTFFord July weekly 18 straddle priced for 2.7% move into Q2
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14:56 EDTFFord technical commentary ahead of results
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14:47 EDTAAPLEarnings Preview: Qualcomm reports after Goldman takes off 'Conviction Buy' list
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14:02 EDTGM, FEarnings Preview: Ford approaches 52-week high ahead of Q2 report
Ford Motor Co. (F) is expected to report second quarter earnings on Thursday, July 24, before the market open with a conference call scheduled for 8:30 am ET. Ford is a manufacturer and distributor of cars and trucks across six continents. EXPECTATIONS: Analysts are looking for earnings per share of 36c on revenue of $36.26B, according to First Call. The consensus range for earnings per share is 31c-43c on revenue of $34.65B-$39.42B. LAST QUARTER: Ford reported first quarter adjusted EPS of 25c against estimates for 31c on revenue of $35.9B against estimates for $34.06B. On its Q1 earnings report, the company said its plan for FY14 automotive revenue to be about equal to FY13's $139.4B is on track. It said FY14 operating margin and operating related cash flow plans are on track as well. The company maintained its view for U.S. and China industry volumes, but increased its view for EU 20 industry volume this year to 14M-15M from 13.5M-14.5M. The company expects second quarter production to be 1.7M units, up 32,000 units from a year ago, more than explained by higher volume in Asia Pacific. Compared with the first quarter, second quarter production is up 87,000 units. On its Q1 earnings conference call, Ford said it expects the remaining quarters of year to be 'substantially better' than Q1. On May 1, Ford announced CEO Alan Mulally was retiring and would be replaced by Mark Fields, effective July 1. On May 7, Ford announced a $1.8B stock repurchase plan. On June 24, Ford's Americas Chief Joe Hinrichs said the company was on schedule for its aluminum bodied 2015 Ford F-150 pickup truck. STREET RESEARCH: Street research has been mostly positive in the weeks leading up to Fords's Q2 earnings report. On April 28, Craig-Hallum upgraded Ford to Buy from Hold based on balance sheet, earnings profitability and dividend yield, and the upcoming 2015 F-Series launch. The firm raised its price target on the shares to $21 from $16. On May 15, Buckingham said Ford shares should be sold. Buckingham recommended buying GM's (GM) shares aggressively and selling Ford's stock. The firm reported that GM's performance in May had significantly outpaced that of Ford, while GM's full-size pickup sales had risen year-over-year. The firm kept a Buy rating on GM and a Sell rating on Ford. PRICE ACTION: Ford's shares have traded 13% higher since its Q1 report and are approaching their 52-week high of $18.08. In afternoon trading ahead of Thursday's Q2 report, Ford is up about 0.4% to $17.90.
13:45 EDTF, GMEarnings Preview: General Motors to take Q2 charge up to $1.2B on recalls
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13:30 EDTGMGM announces six new recalls totaling 717,950 vehicles
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12:17 EDTAAPL, BAOn The Fly: Midday Wrap
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12:01 EDTAAPLStocks with call strike movement; AAPL HLF
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11:40 EDTEADSY, BAATR-made prop plane involved in deadly crash in Taiwan, Reuters reports
A 70-seat turboprop ATR 72 operated by TransAsia Airways crashed in tyhoon-hit Taiwan, killing 47 people, Reuters reported, citing the nation's Civil Aeronautics Administration. Reference Link
11:02 EDTFFord July weekly volatility elevated into Q2 and outlook
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10:57 EDTBABoeing understands the scope of work that needs to be done on Tanker program
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10:50 EDTBABoeing says it bid Tanker 'aggressively' with no margin at initial stage
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10:45 EDTEADSYDelta Air Lines sees Venezuela schedule cuts lowering Latin America RASM 3-4pts
Sees summer Transatlantic capacity up 8%. Doesn't see Ex-IM dispute impacting widebody purchase. Says could be a buyer of Airbus (EADSY) A330neo if priced in "low 80s, high 70s."
10:40 EDTAAPLApple tentatively plans to announce iPhone 6 in mid-September, 9to5Mac says
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10:38 EDTBABoeing says Q2 results include $272M charge on KC-46A Tanker program
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09:41 EDTTSLA, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX FB MSFT CELG TWTR TSLA VALE CNW
09:41 EDTEADSY, BAPassenger plane reportedly crashes, 40 killed in Taiwan, Reuters says
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09:17 EDTBAOn The Fly: Pre-market Movers
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08:52 EDTAAPLApple guide suggests big products to come late in quarter, says Janney Capital
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08:49 EDTAAPLVirnetX volatility elevated into CAFC decision
VirnetX (VHC) July weekly call option implied volatility is at 107, August is at 110, September is at 106, September is at 89; compared to its 26-week average of 85 according to Track Data, suggesting large near term price movement as investors await a with regard to VirnetX's case with Apple (AAPL).
08:08 EDTAAPL, AAPLApple price target raised to $120 from $115 at CLSA
07:53 EDTGMWider group of engineers at GM knew about switch issues, WSJ says
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07:47 EDTAAPLApple results more or less status quo, says Wells Fargo
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07:36 EDTBABoeing says backlog unchanged at $440B
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07:34 EDTBABoeing raises 2014 EPS outlook to $7.90-$8.10 from $7.15-$7.35
Consensus $7.67. Sees 2014 revenue $87.5B-$90.5B, $89.76B. consensus Boeing says the raised outlook reflects $408M in tax benefits, strong operating performance and the KC-46A Tanker charge. Commercial Airplanes operating margin guidance is increased to greater than 10% on strong operating performance. Defense, Space & Security operating margin guidance is unchanged at approximately 9.5%. Boeing Military Aircraft operating margin guidance is lowered to approximately 9%. Global Services & Support operating margin guidance increased to approximately 11% reflecting strong performance.
07:34 EDTBABoeing raises FY14 core EPS view to $7.90-$8.10, consensus $7.67
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07:31 EDTBABoeing reports Q2 EPS $2.42, consensus $2.01
Reports Q2 revenue $22.05B, consensus $22.23B.
07:25 EDTVLKAYVW head addresses German employees regarding cost reductions, Reuters says
Volkswagen CEO Martin Winterkorn is planning to address workers at the car maker's largest facility in Germany as he aims to win their support for cost reductions at the firm's core VW brand, according to Reuters, citing two company sources. Winterkorn is aiming to reduce costs by $6.74B each year to streamline work processes at all levels of the brand. Reference Link
07:20 EDTVLKAY, FIATYFiat head says VW tie-up never an option, Reuters says
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07:03 EDTAAPLApple price target raised to $123 from $111 at Cantor
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06:54 EDTAAPLApple shares recommended after June quarter results at Citigroup
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06:45 EDTAAPLMicrosoft faces increased competition from MacBooks, Chromebooks, DigiTimes says
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06:23 EDTEADSY, BAAirbus group submits bid as Denmark looks to replace F-16s, WSJ reports
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06:07 EDTEADSYAirbus signs MOU with Hawaiian Airlines for six A330-800neos
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05:22 EDTDDAIFDaimler AG reports Q2 EPS EUR 1.97 vs. EUR 2.65 last year
Reports Q2 revenue EUR 31.54B vs. EUR 29.69B last year. Reports Q2 EBIT EUR 3.1B vs. EUR 5.24B last year. Reports Q2 Daimler Group sales up 4% to 628.857 units vs. 605,823 units last year. Reports Q2 Mercedes-Benz Cars sales up 3% to 418,685 units vs. 404,711 units last year. Reports Q2 Daimler Trucks sales up 2% to 126,066 units vs. 123,763 units. Reports Q2 Mercedes-Benz Vans sales up 9% to 76,009 units vs. 69,436 units last year. Reports Q2 Daimler Buses sales up 2% to 8,097 units vs. 7,913 units last year.
July 22, 2014
18:33 EDTAAPLOn The Fly: After Hours Movers
UP AFTER EARNINGS: Broadcom (BRCM), consensus up 3% after reporting second quarter results... Intuitive Surgical (ISRG), up 10.4%... Manhattan Associates (MANH), up 3%... Robert Half International (RHI), up 3.9%... Hawaiian Holdings (HA), up 3.1%... Microsoft (MSFT), up just under 1%... FMC Technologies (FTI), up 1.1%. ALSO HIGHER: Ballard Power Systems (BLDP), up 2.7% following purchase order from New Flyer Industries... Unwired Planet (UPIP), up 2.4% after filing a lawsuit against Microsoft for breach of contract. NOTABLE: Puma Biotechnology (PBYI), up 193.8% after reporting positive top line results from Phase III PB272 trial. DOWN AFTER EARNINGS: Xilinx (XLNX), down 8.7%... Apple (AAPL), down after reporting third quarter results and fourth quarter guidance... Juniper Networks (JNPR), down 4.7%... ALSO LOWER: Farmland Partners (FPI), down 3.8% after filing to sell 3.72M shares of common stock.
18:10 EDTAAPLApple guidance suggests Sept. 26 iPhone launch, says Piper Jaffray
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17:31 EDTAAPLApple sees business as a catalyst for iPad sales
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17:12 EDTAAPLApple says iPad sales were 'gated' by channel inventory, market softness
Comment made on Q2 earnings conference call.
16:35 EDTAAPLApple shares up 17c to $94.89 following Q3 results
16:34 EDTAAPLApple CEO says 'strong' sales of iPhone, Mac in Q3
Apple CEO Tim Cook said, "“Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters. We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce."
16:33 EDTAAPLApple sold 35.2M iPhones in Q3
Apple sold 13.28M iPads in Q3, 4.4M Macs, and 2.93M iPods.
16:32 EDTAAPLApple reports Q3 gross margin 39.4% vs. 36.9% last year
International sales accounted for 59% of the quarter's revenue.
16:31 EDTAAPLApple sees Q4 revenue $37B-$40B, consensus $40.44B
Sees Q4 gross margin between 37%-38%.
16:30 EDTAAPLApple reports Q3 EPS $1.28, consensus $1.23
Reports Q3 revenue $37.4B, consensus $37.99B.
16:26 EDTFIATYChrysler recalling older-model SUVs over ignition switch concerns
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16:00 EDTAAPL, TSLAOptions Update; July 22, 2014
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15:30 EDTBANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.
15:30 EDTAAPLNotable companies reporting after market close
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15:12 EDTAAPLApple July weekly 94.64 straddle priced for 4.6% move into Q2
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13:48 EDTBAEarnings Preview: Boeing shares flat since Q1 earnings report
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13:29 EDTFFord taps Galhotra to lead Lincoln brand
Ford earlier today announced that Kumar Galhotra – currently the company’s vice president of Engineering, responsible for all Ford and Lincoln vehicles globally – will be vice president and president of the company's Lincoln brand, effective Sept. 1. This new dedicated position, reporting to Ford President and CEO Mark Fields, is designed to accelerate Lincoln even further as a world-class luxury brand, the automaker added. Succeeding Galhotra is Jim Holland, who is named vice president, Vehicle Component and Systems Engineering, effective Sept. 1, Ford added. Holland will report to Raj Nair, group vice president, Global Product Development.
13:18 EDTAAPLEarnings Preview: Apple reports after stock split, Beats purchase, iOS 8 launch
Apple (AAPL) is set to report third quarter earnings after the market close on Tuesday, July 22, with a conference call scheduled for 5:00 pm ET. Apple, the world's most valuable company by market capitalization, is the manufacturer of the iPhone and iPad, among other desktop and mobile computing devices. EXPECTATIONS: Analysts are looking for earnings per share of $1.23 on revenue of $37.99B, according to First Call. The consensus range for EPS is $1.14-$1.37 on revenue of $36.58B-$40.31B. In a note to investors, Piper Jaffray analyst Gene Munster said Street analysts expect year-over-year iPhone sales growth of 14% to 35M-36M units, flat iPad sales of 14M-15M units, and a Q3 gross margin of 38%. Munster added that he expects Apple to guide Q4 revenues to $39B-$41B, which is in keeping with Street estimates for about $40.4B in Q4 revenue. LAST QUARTER: Apple reported second quarter EPS of $11.62 on revenue of $45.6B, which topped estimates for $10.18 and $43.5B, respectively. Apple reported iPhones sales of 43.7M units, iPad sales of 16.35M units and Mac sales of 4.14M. Apple said it sees Q3 revenue of $36B-$38B and a gross margin of 37%-38%. Along with its Q2 report, Apple announced a seven-for-one stock split. Apple also announced that its board raised its share repurchase authorization to $90B from the $60B level announced last year and an increase to the company’s quarterly dividend of approximately 8% to $3.29 per common share. NEWS: On May 28, Apple confirmed that it agreed to buy Beats Music, which operates a streaming music service, and Beats Electronics, which makes and sells electronic music products such as headphones and speakers, for $3B. As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Apple said at that time that it expects the transaction to close in Q4. On June 2, Apple announced OS X Yosemite, a new version of OS X redesigned and refined with a new look, new apps and new continuity features. Apple also unveiled iOS 8, a new version of its mobile operating system with new features for users and developers. Among the features were iCloud Photo Library, which allows user to enjoy photos and videos more easily across devices, new Messages features to easily share voice, video or photos, and a new Health app. Apple noted that the software development kit, or SDK, for iOS 8 was its "biggest developer release ever," with more than 4,000 new APIs. Apple and IBM announced last week that they would collaborate to provide mobile solutions for businesses. Under the deal, the companies will develop more than 100 enterprise solutions, including native apps, for Apple's iPhone and iPads. Moreover, IBM will sell iPhone and iPads to all of its business clients around the world, the companies noted. Also last week, Apple announced that Susan Wagner, founding partner and director of BlackRock (BLK), has been elected to Apple's board and that Bill Campbell, the board’s longest-serving member, is retiring after 17 years of service. Mac Rumors reported on July 10 that Apple was said to have ordered 68M iPhone 6 devices, citing a report in Taiwan's Business Weekly. That's double the amount of phones that the tech giant ordered prior to launching the iPhone 5 in 2012, the tech blog noted. The Wall Street Journal subsequently claimed that Apple has asked its suppliers to manufacture between 70M-80M of its two upcoming large-screen iPhones by the end of the year. ANALYST OPINION: On the day after Apple's last quarterly report, CLSA upgraded its rating on the shares to Buy from Outperform. On May 9, ISI Group downgraded Apple to Buy from Strong Buy, citing valuation. On June 2, following Apple's launch event for iOS 8, Piper Jaffray said it believed parts of Apple's new operating system point towards a possible iWatch later in the year and potential connected home products in the future. Piper said at that time that Apple remains on track to deliver multiple new product categories by the end of 2014. On June 17, Societe Generale upgraded Apple to Buy from Hold. On July 14, Barclays raised its rating on Apple to Overweight from Equal Weight, citing its channel checks that indicated near-term upside to consensus estimates. The firm also believes troubles at Samsung are creating an opportunity for Apple to regain market share and raised its price target for Apple shares to $110 from $95. The same day, Morgan Stanley said its survey results suggest June quarter iPhone demand upside. The firm raised its iPhone unit estimate to 36M from 34M and increased its EPS estimate to $1.24. Morgan Stanley increased it price target on Apple to $110 per share. Yesterday, JMP Securities upgraded Apple to Outperform from Market Perform, as the firm thinks the company is poised to report higher than expected sales and gross margins over the near-term and intermediate term. JMP set a price target of $135 on the stock. In his note previewing Apple's quarter, Munster wrote that Apple's guidance for its September-end quarter should tell investors if new iPhones are launching in September or later in the year. The Piper analyst expects a typical September launch, which could give the company 5 or 12 days of sales with the new phone depending on a standard Friday launch and its timing. Munster estimated the potential 7 day swing in the timing of the new phone could mean a 3M-4M unit and about $2B difference in the guidance for Q4, citing recent weekly run-rates for iPhone sales near launch quarters. PRICE ACTION: Each Apple shareholder of record at the close of business on June 2 received six additional shares for every share held on the record date and trading began on a split-adjusted basis on June 9. Shares of Apple advanced about 8% on the first day of trade following its Q2 report. Since the first day of trade following its last quarterly report, shares of Apple are up nearly 26%. In early afternoon trading ahead of its Q3 report tonight, Apple was up fractionally to just over $94 per share.
11:03 EDTFFord announces retirement of Chief Technical Officer Mascarenas
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10:51 EDTAAPLApple technical comments ahead of earnings
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10:38 EDTGMGM recalls 2015 Chevrolet Silverado 2500s, 3500s for power steering defect
GM is recalling certain model year 2015 Chevrolet Silverado 2500 and 3500 HD vehicles manufactured October 1, 2013 to June 6 and 2015 GMC Sierra 2500 and 3500 HD vehicles manufactured September 30, 2013, to June 6. The power steering hose clamp may disconnect from the power steering pump or gear, causing a loss of power steering fluid. GM will notify owners, and dealers will inspect the vehicles to make sure the power steering hose clamps are properly secured, free of charge. The recall is expected to begin in early August. Reference Link
10:30 EDTAAPLApple July weekly volatility increases into Q3
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10:02 EDTTSLAChina to replace new-energy vehicle subsidies with new program, China Daily says
China will launch more fiscal support policies for "new-energy" vehicles for 2016 to 2020 when the current subsidy program expired at the end of 2015, said China Daily, citing a notice the State Council released Monday. New-energy vehicles include pure electric ones, plug-in hybrids and fuel cell vehicles, the report noted. Makers of electric vehicles include Kandi (KNDI) and Tesla (TSLA) and companies in the fuel cell space include Plug Power (PLUG), FuelCell Energy (FCEL) and Ballard Power (BLDP). Reference Link
10:01 EDTAAPLPandora advances after upbeat notes from analysts
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09:36 EDTTSLA, AAPLActive equity options trading on open
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07:45 EDTAAPLApple granted patent for smartwatch with gesture support, AppleInsider says
A patent granted to Apple and published by the USPTO provides one of the clearest signs yet that the company has been working on a smartwatch, reported AppleInsider, which noted that the patent covers a wrist-worn wearable device, dubbed "iTime" in one illustration, that supports arm and wrist gestures and has advanced proximity-sensing circuitry. Reference Link
07:31 EDTAAPLInvestors prepare for large dose of earnings reports
U.S. equity futures are suggesting a market bounce following yesterday’s down day. Investors are feeling optimistic about the week’s large number of earnings reports. Scheduled to release results today are tech heavyweights Apple (AAPL) and Microsoft (MSFT.) Both companies' earnings have the ability to impact the rest of the technology sector. Investors will also be examining the Consumer Prices Index, a housing price index, an existing home sales report, and Richmond Fed manufacturing data.
07:24 EDTDDAIFMercedes invests in training, distribution to catch up in China, WSJ says
Daimler's (DDAIF) Mercedes-Benz unit is investing in China to build its biggest training facility in the world for car dealers and to add 100 new distribution outlets as it works to close the gap in the country with German automaking rivals BMW (BAMXY) and Audi, reported The Wall Street Journal. Reference Link
07:23 EDTEADSYAirbus 'successfully' performs METRO test with A350 MSN001
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07:17 EDTFNational Association for Business Economics to hold a seminar
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07:08 EDTBABoeing shares attractive at current levels, says Bernstein
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06:24 EDTDDAIFMercedes aims to outpace China luxury car sales growth, Bloomberg says
Daimler’s Mercedes-Benz foresees outpacing the growth in industry sales of luxury cars in China this year, after merging two rivaling sales networks and adding new models including its new C-class sedan, according to Bloomberg, citing comments from the head of Mercedes-Benz in China Nicholas Speeks. Speeks said the car manufacturer is confident that deliveries will exceed 300K units next year with sales this year reaching close to 250K units. Reference Link
06:20 EDTTSLATesla adds robots to quicken California plant production, Bloomberg says
Tesla stopped production at its California assembly facility as it incorporates 25 robots to quicken production of electric sedans and prepares to manufacture its Model X sport-utility vehicle, according to Bloomberg, citing comments from spokesman Simon Sproule. Sproule said the overhaul is valued at $100M and vehicle assembly is set to resume in two weeks. Reference Link
06:01 EDTAAPLApple asking suppliers to produce 80M large-screen iPhones, WSJ reports
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July 21, 2014
16:00 EDTTSLA, AAPLOptions Update; July 21, 2014
iPath S&P 500 VIX Short-Term Futures up 65c to 28.53. Option volume leaders: AAPL FB NFLX DG CMCSA GILD PBR TWTR TSLA according to Track Data.
15:40 EDTTSLATesla halts production at California plant for $100M upgrade, Bloomberg says
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14:27 EDTAAPLApple inventory, older iPhone demand should be watched, says BGC Financial
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14:23 EDTAAPLApple July weekly volatility elevated at 57 into Q3
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11:57 EDTNSANY, TSLA, GMChinese electric vehicle maker Kandi surges after tax break news
Shares of Chinese electric car maker Kandi Technologies (KNDI) are surging after a Chinese newspaper reported that electric cars made outside of China would not qualify for a key tax break in the country. WHAT'S NEW: A key sales tax will not be waived on purchases of electric cars made outside of China, said Su Bo, China's vice-minister of the Industry and Information Technology Ministry, according to China Daily. Buyers of electric vehicles made in China will not have to pay a purchase tax from September 1, 2014 until the end of 2017, China Daily stated. WHAT'S NOTABLE: Tesla Motors (TSLA), Nissan (NSANY) and GM (GM) have all sought to sell electric vehicles in China. PRICE ACTION: In late morning trading, Kandi Technologies' stock rose $1.66, or 8.5%, to $21.28. The shares are well off their high for the day of $22.22, but they have surged 80% so far this year. Tesla shares, which had spent some of the morning in slightly negative ground, were up about 1% near $222 per share just before noon.
10:45 EDTAAPLAnalysts roll out coverage on GoPro with differing views
Shares of GoPro (GPRO) are climbing after a number of analysts initiated coverage of the stock with different outlooks. GoPro develops mountable and wearable cameras. BULLISH TAKE: JPMorgan analyst Paul Coster initiated coverage of GoPro with an Overweight rating. GoPro is gaining share in the digital camcorder market, and it has begun to penetrate "active lifestyle" markets, which are a much larger opportunity for the company, Coster believes. The company could ship 10M of its products for use by active lifestyle participants annually, the analyst estimated. In a best case scenario, the company could also sell low-cost devices for the mass market, according to Coster. However, GoPro will face competition from major companies, including Google (GOOG) and possibly Apple (AAPL) in this market, warned Coster, who set a $51 price target on GoPro. Also initiating coverage of the name with an Overweight rating was Piper Jaffray analyst Sean Naughton. GoPro is in the early stages of growth, as the company's user base is poised to expand beyond extreme sports enthusiasts, the analyst forecast. The company has a competitive advantage over other brands, which should enable it to maintain strong profitability, added Naughton, who set a $48 price target on the shares. BEARISH TAKE: Stifel analyst Jim Duffy started coverage of GoPro with a Hold rating. The company's three year growth outlook is compelling, but the stock is fully valued, the analyst believes. The company faces a number of risks, including competition in the image device market and the possibility that its relationship with key channel partners, including Best Buy (BBY), could be disrupted, the analyst wrote. Sales to Best Buy accounted for 17% of GoPro's revenue in fiscal 2013, Duffy reported. After GoPro surged following its initial public offering, the stock is likely to advance by only limited amounts, wrote Barcalys analyst Joseph Wolf, who initiated coverage of the shares with an Equal Weight rating. The stock could fall to $30 if the company is unable to increase its hardware sales or make progress in its efforts to develop a media business, the analyst warned. He set a $45 price target on the shares. PRICE ACTION: A total of seven analysts rolled out coverage today on GoPro, according to The Fly’s research, with only two recommending the stock with buy-equivalent ratings. Shares of the camera marker are up 3%, or $1.10, to $42.53 in morning trading.
10:02 EDTAAPLOn The Fly: Analyst Upgrade Summary
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09:38 EDTTSLA, AAPLActive equity options trading on open
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09:10 EDTTSLAOn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
08:59 EDTBABoeing July weekly volatility elevated into Q2 and outlook
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08:17 EDTAAPLApple upgraded at JMP Securities
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07:14 EDTAAPLApple should be owned into tomorrow's results, says Piper Jaffray
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06:58 EDTTSLA, NSANYForeign electric cars won't qualify for Chinese tax break, China Daily says
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06:42 EDTAAPLApple price target raised to $115 from $100 at UBS
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06:29 EDTEADSYAirbus aiming for pan-European drone deal to rival Taranis, Bloomberg says
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06:21 EDTGMGeneral Motors eyeing budget cars for Europe, FT reports
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06:12 EDTGMGeneral Motors delays recall in another ignition switch case, ABC News says
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06:07 EDTNSANYNissan to introduce self-parking cars by 2016, Detroit News reports
Nissan is planning to introduce self-parking cars by 2016, the Detroit News reports. The feature, which will be available along with technology enabling cars to self-navigate congested highway, on a wide range of vehicles, CEO Carlos Ghosn says. Reference Link
05:57 EDTAAPLApple upgraded to Outperform from Market Perform at JMP Securities
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July 20, 2014
14:59 EDTBABoeing says helicopter pact with India may signal new openness, WSJ says
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13:06 EDTAAPLFormer Obama spokesman Carney said to consider job at Apple, Bloomberg says
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July 19, 2014
20:10 EDTGMGM issues stop-sale on certain 2014 Cadillac CTS sedans, Bloomberg says
General Motors has issued a stop-sale order dated July 8 to its dealers for 2014 Cadillac CTS sedans that use a standard key ignition, says Bloomberg. Reference Link
July 18, 2014
18:21 EDTTMToyota to launch pricier compact in India, Nikkei reports
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16:47 EDTAAPLMarket ends week higher as earnings, M&A offset geopolitical tensions
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16:03 EDTAAPLOptions Update; July 18, 2014
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15:23 EDTTM, HMC, NSANYJapan to provide generous subsidies for fuel cell vehicles, Nikkei says
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12:21 EDTGMCable ad upfront volumes may drop 4% or more, WSJ says
Two of the U.S.'s biggest marketers, Procter & Gamble (PG) and General Motors (GM), have pulled back on their TV network advertising commitments in advance of the "upfront" selling season for cable networks, said The Wall Street Journal, citing people familiar with the matter. The overall volume of ad dollars committed to cable networks during the upfront, which is still under way, could be down 4% or more from last year, people familiar with the situation said. Notable owners of cable television stations include 21st Century Fox (FOXA), Time Warner (TWX), Disney (DIS), CBS (CBS), Comcast (CMCSA), Discovery (DISCA), Viacom (VIAB), and AMC Networks (AMCX). The report added that cutbacks partly reflect a shift of tv ad budgets to digital media, including online video. Google (GOOG) has a large presence in online video with YouTube and Facebook (FB) is taking steps to grow in the area. Reference Link
11:03 EDTAAPLEU says Google adding 'in-app' purchase protections, Apple yet to commit
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10:33 EDTAAPLSkyworks price target raised to $62 from $56 at Craig-Hallum
Craig-Hallum increased its price target on Skyworks (SWKS) after the company's Q3 results surpassed its guidance, and the company issued guidance for its September quarter that the firm views as strong. The firm thinks the company's annual EPS is moving towards $5. It expects the company to benefit from the launch of Apple's (AAPL) iPhone 6 and the recent popularity of Internet of Things devices. Craig-Hallum thinks the shares look cheap and reiterates a Buy rating on the shares.
10:16 EDTTSLATesla Motors August weekly volatility elevated into Q2 and guidance
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10:03 EDTDDAIFOn The Fly: Analyst Downgrade Summary
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09:48 EDTTSLA, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NQ GOOG GOOGL TSLA KGC TWTR AMZN ELNK AMGN FB
07:49 EDTAAPLEU says Apple should do more to battle in-app purchases issue, Reuters says
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06:58 EDTAAPLReport says iPhone 6 begins mass production this month, Reuters says
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04:59 EDTDDAIFDaimler AG downgraded to Neutral from Outperform at Credit Suisse
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