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Stock Market & Financial Investment News

News Breaks
January 24, 2014
11:39 EDTHAR, MGA, ST, BWA, HONHoneywell results read positive for BorgWarner, says Wells Fargo
Wells Fargo says Honeywell's (HON) Transportation System results read-through positively for BorgWarner (BWA), as well as for other suppliers with a focus on Europe, including Harman (HAR), Magna (MGA), and Sensata (ST). Wells maintains an Outperform rating on BorgWarner.
News For BWA;HON;HAR;MGA;ST From The Last 14 Days
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August 19, 2014
12:44 EDTMGAMagna International would consider major acquisitions, Bloomberg says
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09:07 EDTHONHoneywell company UOP selected by BW Offshore
UOP, a Honeywell company, announced that it has been selected by BW Offshore to remove contaminants from natural gas aboard a new Floating Production, Storage and Offloading, or FPSO, vessel off the coast of Scotland. The vessel, which will be leased to Premier Oil, will include a UOP Separex Membrane System to remove carbon dioxide.
08:02 EDTBWABorgWarner supplies solenoid technology for General Motors' GF6
BorgWarner (BWA) supplies its mini direct-acting variable force solenoid for General Motors' (GM) global front-wheel drive 6-speed automatic transmission program, or GF6.
August 18, 2014
16:52 EDTSTOn The Fly: Closing Wrap
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12:18 EDTSTThe Fly: Midday Wrap
The market opened in positive territory following news that Russia and Ukraine were working on a potential ceasefire. The market had faltered on Friday following reports that the Ukraine army had attacked a Russian military vehicle after it crossed into Ukraine territory. The market opened sharply higher and then received an additional boost when the NAHB Housing market Index came in above expectations. The averages quickly moved to session highs, lifting the S&P to its highest level ever and putting August on track for the best monthly performance since February. ECONOMIC EVENTS: The NAHB homebuilder sentiment index rose 2 points to 55 in August. The index had climbed 4 points to 53 in July. This is the highest level since January's 56. The single family sales index edged up to 58 from 56 (revised from 57). The future index was 65 from 63 (revised from 64). The index of prospective buyer traffic improved to 42 from 39 (revised from 39). Data was better than expected. COMPANY NEWS: Shares of discount retailer Dollar General (DG) were higher by about 10% after the company announced a proposal to acquire rival Family Dollar (FDO) for $78.50 per share in cash, in a transaction valued at $9.7B. Shares of Family Dollar rose approximately 5% on the news. MAJOR MOVERS: Among the notable gainers was Sensata Technologies (ST), which rose 5.6% after after agreeing to buy privately held Schrader International for $1B. Also higher was Lannett (LCI), which gained 9.3% after the company said fourth quarter and full-year 2014 earnings per share and revenue would exceed analysts' consensus estimates. Among the noteworthy losers was Monster Beverage (MNST), which fell about 4% after research firm Jefferies downgraded the shares to Hold from Buy saying the valuation looks full following its recent rally. Also lower was NXP Semiconductors (NXPI), which dropped 2.3% after Goldman Sachs downgraded the company to Sell from Neutral, and downgraded the semiconductor sector to Cautious from Neutral. The firm expects consensus estimates to move lower due to cyclical headwinds, increased Q4 and Q1 seasonality, and a RF correction. Goldman lowered their price target on the shares to $54 from $58. INDEXES: Near midday, the Dow was up 168.13, or 1.01%, to 16,831.04, the Nasdaq rose 44.11, or 0.99%, to 4,508.87, and the S&P 500 was higher by 16.79, or 0.86%, to 1,971.88.
10:55 EDTSTSensata climbs higher after agreeing to buy Schrader International for $1B
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06:17 EDTSTSensata to host conference call
Conference call to discuss the acquisition of Schrader International will be held on August 18 at 8 am. Webcast Link
06:06 EDTSTSensata to acquire Schrader International for $1B
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06:03 EDTSTSensata to acquire Schrader International for $1B
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August 14, 2014
12:58 EDTHONHoneywell management to meet with Jefferies
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10:53 EDTSTHigh option volume stocks
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10:05 EDTMGA, BWAOn The Fly: Analyst Initiation Summary
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08:34 EDTBWABorgWarner to invest $9.4M to expand Dixon, Illinois, plant
BorgWarner plans to invest $9.4M in its plant in Dixon, Illinois, over the next three years. The expanded production capacity will allow BorgWarner to supply several customers with environmentally friendly technologies. BorgWarner expects to create 40 new jobs.

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