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Stock Market & Financial Investment News

News Breaks
April 24, 2014
06:20 EDTHMC, GBX, TM, CSX, FAutomakers see delays of new cars delayed from U.S. factories, WSJ reports
Deliveries of new cars and trucks are being delayed from U.S. factories as automakers and railroads face effects from winter weather and the rise of production outside the Midwest, the Wall Street Journal reports. Dealers have been left short of some popular models like the Ford Explorer (F) and Toyota Rav4 (TM) because of the logjams, the publication adds. CSX Corp (CSX) CEO Michael Ward expects the situation will ease through Q2. Reference Link
News For CSX;GBX;F;TM;HMC From The Last 14 Days
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April 15, 2015
09:06 EDTTMToyota to build new plant in Mexico, expand Chinese joint venture
Toyota announced that it will build a new plant in Mexico and expand its joint venture, Guangzhou Toyota Motor Co., in China. These investments are grounded on its plans to construct production lines that are more competitive, with greatly reduced initial investment, improved efficiency, flexibility, environmental performance and safety, the company said. The new plant in Mexico and the expansion in China will be designed to accelerate innovation by implementing new technologies into real production lines. These "simple and slim" production lines can be easily lengthened or shortened depending on demand, with over-head conveyance devices eliminated, compact equipment installed on top of the plant floors, and paint-booths that are smaller. Toyota had previously suspended construction of new plants in order to improve capacity utilization of existing plants and plan for reduced model change-over and new plant construction investment. Currently, total capacity utilization is more than 90% and the initial portion of new simple and slim plant costs, including structure and equipment, is expected to be approximately 40% lower when compared to 2008. Production at the new plant in Mexico is scheduled to start in 2019 and the investment will be approximately $1B. Production at the new plant in China is to start as needed after completion of new line 3 in 2017 and Toyota plans to invest about Y52.5B.
08:45 EDTCSXCSX sees FY15 EPS up in mid-to-high single digits
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08:42 EDTCSXCSX sees Q2 EPS flat-to-slightly up
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08:41 EDTCSXCSX sees generally flat demand volume in Q2
Sees favorable conditions for 49% of market and favorable to unfavorable for remaining 51% during Q2. Sees Q2 fuel costs driven lower by lower cost per gallon. Sees Q2 average headcount up 3%. Sees Q2 inflation about $35M. Comments made during Q1 earnings conference call.
05:27 EDTFTenneco to supply Ford Focus and Ford C-MAX with suspension technology
Tenneco (TEN) announced that Ford (F) has chosen Tennecoís damper technology for its new Ford Focus and Ford C-MAX, both of which are built on Fordís C-Car global platform. According to Ford, these latest launches introduce a number of advanced new technologies focused on enhanced comfort, safety and ride quality. Tennecoís Multi-Tuned Valve is a cost-effective twin tube valve system that provides a wide range of tuning options. MTV offers improved shock absorber performance and durability compared to conventional valves, and enables the optimum balance between body control and driver comfort.
April 14, 2015
18:30 EDTCSXOn The Fly: After Hours Movers
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17:09 EDTCSXCSX up almost 3% after Q1 financial results, buyback and dividend increase
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16:22 EDTCSXCSX says strength in dollar has impacted metals business
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16:21 EDTCSXCSX CEO says has been building intermodal unit
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16:07 EDTCSXCSX raises dividend 13% to 18c, announces new $2B share repurchase program
The CSX board has approved an increase in the quarterly dividend and a new share repurchase program. The 13% increase in the dividend, to 18c per share, is payable on June 15 to shareholders of record at the close of business on May 29. This is the 13th increase in 10 years, representing a 26% compound annual growth rate during that time. The new, $2B share repurchase program is expected to be completed over the next 24 months. This follows the successful completion of CSX's previous repurchase plan, during which the company bought back $1B worth of shares. Since 2006, CSX has repurchased nearly $9B in shares.
16:03 EDTCSXCSX reports Q1 EPS 45c, consensus 44c
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15:34 EDTCSXNotable companies reporting after market close
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12:23 EDTTM, FFord likely to announce $2.5B investment in Mexico this week, Reuters reports
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09:18 EDTCSXCSX volatility elevated into Q1 and outlook
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06:45 EDTHMCHonda confirms Takata airbag injured driver in March, Reuters says
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06:23 EDTTMToyota to spend $1B to build factory in Mexico, Reuters reports
According to two sources, Toyota will announce plans on Wednesday to invest $1B to build a car factory in Mexico, Reuters reports. The factory, which would be in Guanajuato, is expected to produce about 200,000 cars per year and create about 2,400 direct jobs, one source says. Reuters previously reported that the factory would produce the Corolla car starting in the summer of 2019. Reference Link
April 13, 2015
17:03 EDTCSXRailroad operators under pressure after Norfolk Southern guidance
Shares of railroad operators are active after Norfolk Southern (NSC) provided first quarter guidance that came in below analysts' consensus estimates. The company provided Q1 EPS guidance of $1.00, below analysts' estimates of $1.27, on revenue of $2.6B, also below analysts' estimates of $2.69B. Norfolk Southern said revenue decreases reflect reductions in fuel surcharge revenue in each of NS' three commodity groups, continued reductions in coal volumes, and a lower average revenue per unit related to the mix of business. Lower overall expenses were aided by declining fuel expense but hurt by weather and service recovery costs. PEERS: Publicly traded companies in the railroad space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), and Union Pacific (UNP). PRICE ACTION: Norfolk Southern is down 3.9%, CSX is down 2.2%, Canadian National is lower by 0.6% and Union Pacific is lower by 1.8% in after-hours trading.
14:03 EDTCSXCSX technical comments ahead of results
There is a small potential bearish flag on the daily chart that would only become active on a breakdown below $33. Downside potential for the pattern is to the $30 to $29.50 area. Additional downside would be at $28.11. If the news is better than expected, first important resistance is at $34.39 which is the 50-day moving average. Resistance above the 50-day is at $35.35, a pivot high, and then at $36.96 which is a pivot high from December 2014.
10:33 EDTGBXOptions with decreasing implied volatility
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April 12, 2015
19:46 EDTTMToyota plans to build new Chinese factory by 2018, AFP says
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