New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 11, 2012
07:16 EDTMU, NSANY, TM, NINOY, PC, CAJJapanese manufacturers help bail out chip company, NY Times reports
Eight Japanese manufacturers - including Canon (CAJ), Nikon (NINOY), Nissan (NSANY), Panasonic (PC) and Toyota (TM) - yesterday agreed to provide $145M to bail out Japanese chip maker Renasas, The New York Times reported yesterday. The Japanese government will contribute the rest of the $1.8B need to keep Renesas afloat, the newspaper added. Reference Link
News For CAJ;NINOY;NSANY;PC;TM;MU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 28, 2015
13:37 EDTTMToyota to recall about 52,000 model year 2011-2012 Avalon sedans
Toyota Motor Sales, U.S.A. announced plans to conduct a safety recall of approximately 52,000 Model Year 2011-2012 Avalon sedans. In the involved vehicles, cargo could contact one of the audio system subwoofer wires located inside the trunk, and move the wire out of its normal position. If one of these wires contacts the metal frame of the subwoofer, it may result in an intermittent short circuit. If this occurs, the subwoofer could overheat, increasing the risk of a fire. Toyota is not aware of any crashes, injuries, or fatalities caused by this condition. Owners of the involved vehicles will receive a notification by first class mail. Toyota dealers will provide a repair for the audio system. Until the remedy is available, as a precaution, Toyota dealers will disconnect the rear subwoofer.
09:48 EDTNSANYNissan to recall 786,000 vehicles for two related problems, Reuters reports
Nissany is recalling about 768K vehicles that include its Rogue crossover and Pathfinder SUV, reports Reuters. More than 552,135 Rogues will be recalled because moisture could seep through the driver side floor and cause and electrical short that may lead to a fire. Meanwhile, 215,789 Pathfinder SUVs will be recalled for problems related to a secondary hood latch. Reference Link
08:58 EDTMUMicron SanDisk have positive read-through from Hynix comments, says Sterne Agee
Subscribe for More Information
January 27, 2015
07:21 EDTTM, NSANYDEA using license-plate readers to spy on cars, WSJ reports
The Drug Enforcement Administration has been running a license-plate tracking program that has built a national database that enables it and other law enforcement agencies to track the movement of vehicles around the U.S., according to The Wall Street Journal, citing current and former officials and government documents. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
January 26, 2015
15:44 EDTNSANYKCP&L plans to install, operate 1,000 electric vehicle charging stations
Subscribe for More Information
January 25, 2015
17:30 EDTMUDelta Air Lines, Ford, four others could shine this year, Barron's says
Delta Air Lines (DAL), Ford (F), Discover (DFS), JPMorgan Chase (JPM), Lam Research (LRCX), and Micron Technology (MU) could all provide growth at a reasonable price this year, Barron's contends in a feature article. Reference Link
January 22, 2015
13:03 EDTMUAnalysts differ on SanDisk after Apple loss clips outlook
Subscribe for More Information
January 21, 2015
19:18 EDTTM, NSANYLower oil prices could boost car and truck sales, CNBC reports
Subscribe for More Information
17:50 EDTMUSanDisk reverses in after hours to down 6% after guidance
SanDisk peer Micron is trading down over 1% in the after hours.
13:53 EDTTM, NSANYGoldman cuts rating on auto dealers citing below consensus U.S. sales view
Goldman Sachs lowered its outlook on auto dealers to Cautious from Neutral, citing several factors, including its belief that U.S. auto sales growth will be "essentially flat" this year. The firm also downgraded its rating on one of the companies in the sector, AutoNation (AN), to Neutral from Buy and removed the stock from its Americas Buy List. WHAT'S NEW: U.S. auto sales will probably rise less than 1% this year on a seasonally adjusted basis, Goldman analyst Patrick Archambault wrote in a note to investors today. Archambault indicated that his U.S. auto sales estimate is significantly below analysts' consensus outlook. Incentive deals and sales to subprime customers last year will probably negatively affect sales growth this year, the analyst stated. Additionally, the growth of dealers' revenue from parts and service is likely to slow this year after a series of major auto recalls were carried out last year, Archambault warned. Dealers may also be hurt by the regulation of auto lenders by the Consumer Financial Protection Bureau, since lenders and dealers split the profits from interest rate markups, the analyst stated. Finally, dealers are trading at a valuation that is 13% above their ten year average, according to Archambault. The analyst cut his rating on AutoNation to Neutral from Buy, based partly on valuation and his belief that the stock's near-term catalysts have diminished after it implemented a rebranding strategy and enhanced its digital systems. Over the medium term, the company's growth prospects will be limited by weak U.S. auto sales growth this year, added Archambault. However, the analyst continues to identify AutoNation as his favorite auto dealer stock. Other auto dealers covered by the analyst include Penske (PAG), which he rates Neutral, and Group 1 (GPI) and Sonic Automotive (SAH), both of which are rated Sell by the analyst. WHAT'S NOTABLE: Automakers whose shares could be negatively affected if the analyst's forecast for anemic U.S. sales growth proves to be accurate include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). PRICE ACTION: In mid-afternoon trading, AutoNation lost 1.2% to $57.12, Sonic Auto lost 1% to $25.18, Group 1 fell 2.5% to $77.40, and Penske climbed 1% to $47.09.
January 20, 2015
12:51 EDTTMToyota sees 2015 global sales dropping to about 10.15M units, Nikkei says
Subscribe for More Information
08:25 EDTMUMicron upgraded to Positive at Susquehanna
Subscribe for More Information
06:47 EDTMUMicron upgraded to Positive from Neutral at Susquehanna
06:22 EDTCAJCanon upgraded to Hold from Sell at Deutsche Bank
Subscribe for More Information
January 16, 2015
16:36 EDTMUMarket finishes week lower on continued oil, global growth worries
Subscribe for More Information
09:37 EDTMUActive equity options trading
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use