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Stock Market & Financial Investment News

News Breaks
December 27, 2012
08:59 EDTTM, BCDS, MRVL, TSYS, SWHC, DIODOn The Fly: Pre-market Movers
HIGHER: BCD Semiconductor (BCDS), up 93.5% after agreeing to be acquired by Diodes (DIOD) for $8.00 per share... TeleCommunication Systems (TSYS), up 4.2% after selling two map navigation patents... Smith & Wesson (SWHC), up 2% after expanding stock repurchase program by $15M... Toyota Motor (TM), up 1.6% after reaching $1.1B settlement over recalls... LOWER: Marvell (MRVL), down 4.2% as slide continues following order to pay $1.17B for patent infringement, which company says it will appeal.
News For BCDS;DIOD;TSYS;TM;SWHC;MRVL From The Last 14 Days
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August 27, 2015
16:13 EDTSWHCSmith & Wesson reports Q1 adjusted EPS 32c, consensus 22c
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05:53 EDTMRVLIC demand for notebooks picking up, DigiTimes reports
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August 26, 2015
16:26 EDTTMMajor automakers sued over allegedly 'deadly' keyless technology, Reuters says
A number of automakers have been named in a lawsuit alleging that keyless ignition technology can lead to "deadly" results due to carbon monoxide poisoning from cars left running under the belief that engines will automatically switch off, reports Reuters. Defendants include General Motors (GM), Ford (F), Fiat Chrysler (FCAU), Honda (HMC), Hyundai (HYMLF), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY), BMW (BAMXY), and Daimler's (DDAIF) Mercedes Benz, said Reuters. According to the plaintiffs, the carmakers had "actual knowledge" of the so-called risks and could have prevented 13 deaths and numerous injuries. Reference Link
13:42 EDTTMTrueCar says 'on plan' to hit 17.2M U.S. vehicle forecast for 2015
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13:19 EDTTMTrueCar says daily auto sales pace up 0.9% for August, with 17.4M SAAR
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07:57 EDTSWHCSmith & Wesson volatility elevated into Q1 and outlook
Smith & Wesson September call option implied volatility is at 57, October is at 46, January is at 49; compared to its 52-week range of 26 to 61, suggesting large near term price movement into the expected release of Q1 results on August 27.
07:52 EDTMRVLUBS to hold a tour
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06:48 EDTTMToyota to restart operations at Tianjin plants Thursday, Reuters reports
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August 25, 2015
08:04 EDTTSYSTeleCommunication Systems' VirtuMedix selected by Iowa Clinic
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06:32 EDTTMToyota tests possible alternatives to Takata air bag inflators, Reuters reports
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August 24, 2015
13:42 EDTTMToyota to halt Prius production in Thailand, Nikkei Asian Review reports
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August 23, 2015
17:32 EDTTMToyota extends Tianjin production shutdown through August 26, Bloomberg says
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August 21, 2015
06:14 EDTTMToyota to purchase air bag inflators from Nippon Kayaku, Reuters reports
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August 20, 2015
06:38 EDTTMToyota to ask parts makers for price cuts, Nikkei reports
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August 19, 2015
14:32 EDTMRVLMarvell August volatility elevated into Q2 and outlook
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10:00 EDTMRVLOn The Fly: Analyst Upgrade Summary
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09:40 EDTTMToyota downgraded to Neutral from Overweight at JPMorgan
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07:14 EDTMRVLMarvell upgraded to Buy from Neutral at Ladenburg
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06:19 EDTTSYSCannell releases remainder of TeleCommunication presentation
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August 17, 2015
07:42 EDTTMNew Street-high target of $465 gives Tesla shares a charge
Shares of Tesla Motors (TSLA) are jumping after Morgan Stanley boosted its price target by $185 to $465, a new high among Wall Street analysts. The company is positioned to dominate as car sales shift to robot-driven and shared vehicles, the firm argues. SELLING MILES: Morgan Stanley analyst Adam Jonas raised his price target for Tesla Motors to $465 from $280, well above Friday's closing price of $243.15. Today, ten trillion vehicle miles are driven annually, with almost all of them delivered by "companies practicing a 100-year-old business model of human-driven, privately owned, internal-combustion vehicles," Jonas tells investors in a research note. General Motors (GM), Ford (F), Toyota (TM) and Honda (HMC) are among the publicly traded traditional carmakers. The market of selling cars is going through some fundamental changes, argues Jonas. He believes Tesla is "uniquely positioned" to dominate given its expertise in autonomous technology and networked machine learning. An app-based, on-demand mobility service could more than triple Tesla's potential revenues by 2029, the analyst estimates. He expects Tesla over the next 18 months to roll out formalized business plans on shared mobility, allowing the electric vehicle maker to sell miles in addition to cars. His new price target of $465 reflects Tesla's potential to lead the revolution of the shared mobility public transportation hyper-structure and more confidence around the commercial viability of Tesla Energy. ROBOT-DRIVEN: Jonas expects nearly all car sales to eventually shift from human-driven, individually-owned cars to robot-driven and shared cars. If Tesla wants to succeed on its mission of accelerating the world's transition to sustainable transport, the move to a shared mobility model is critical, he argues. All of Tesla's cars are electric, connected, and able to "learn" through over-the- air firmware updates at any time, which no other established automaker can claim today, Jonas writes. MARKET REACTION: Investors are buying into what Jonas is arguing. Shares of Tesla are up 5%, or $13.10, to $256.25 in pre-market trading. Over the past three months through Friday's close, the stock is down 2%.
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