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Stock Market & Financial Investment News

News Breaks
December 3, 2012
16:19 EDTHMA, SVU, GM, QIHU, DELL, QLGC, FOn The Fly: Closing Wrap
Stocks on Wall Street finished lower as some mixed economic data from the U.S. and abroad tempered investor enthusiasm. After a moderately higher open, fueled by positive news from China, the market drifted steadily lower through the session. Late day reports broke of a counter-offer being made by House Republicans regarding the fiscal cliff, though the news didn't move the averages as sharply as similar news has in recent days... ECONOMIC EVENTS: In the U.S., the ISM November manufacturing purchasing managersí index, or PMI, slid to 49.5, reflecting contraction, versus expectations for a 51.4 reading. Construction spending for the month of October increased 1.4%, versus an expected 0.5% rise. In Asia, the final reading of the HSBC China manufacturing PMI for November rose to 50.5 and a similar survey from the Chinese National Bureau of Statistics rose to a seven-month high of 50.6. In Europe, manufacturing activity contracted again but at a slower pace, as Markit's final November euro-zone PMI rose to 46.2 from 45.4 in October... COMPANY NEWS: Dell (DELL) shares opened sharply higher after Goldman upgraded the stock two notches, from Sell to Buy, though shares lost a little steam during the session. Dell finished the day up 42c, or 4.36%, to $10.06... November auto sales rose to what may be their highest annualized rate since February 2008, though General Motors' (GM) 3.4% increase missed expectations. Meanwhile, Ford's (F) November sales rose a better than expected 6.5%... MAJOR MOVERS: Among the notable gainers was Qihoo 360 (QIHU), up $2.45, or 9.80%, to $27.44 after Stifel Nicolaus said the company launched a music and a map vertical search engine. Also higher were shares of Supervalu (SVU), up 30c, or 12.61%, to $2.68 after a weekend report from the Wall Street Journal said Cerberus Capital would explore multiple options in its bid for the company. Among noteworthy losers was QLogic (QLGC), down 73c, or 7.70%, to $8.75 after the stock was downgraded to Sell from Neutral at Goldman. Also lower were shares of Health Management (HMA), down 45c, or 5.66%, to $7.50 after a negative mention in a "60 Minutes" report and a downgrade at CRT Capital, though the stock was defended or recommended by at least four other firms... INDICES: The Dow was down 59.98, or 0.46%, to 12,965.60; the Nasdaq was down 8.04, or 0.27%, to 3,002.20; and the S&P 500 was down 6.72, or 0.47%, to 1,409.46.
News For DELL;GM;F;QIHU;SVU;QLGC;HMA From The Last 14 Days
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January 28, 2016
09:10 EDTFFord says company benefiting from 'big bet' on F-150 truck
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09:08 EDTFFord 'aggressively' growing in emerging markets through Ford Smart Mobility
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09:00 EDTFFord sees FY16 North America Automotive to be about equal to 2015
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08:33 EDTFOptions expected to be active
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07:17 EDTFFord reports Q4 wholesales of 1.775M vehicles, up 195K from prior year
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07:15 EDTFFord backs view for 2016 automotive EPS equal to or higher than 2015
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07:01 EDTFFord reports Q4 adjusted EPS 58c, consensus 51c
Reports Q4 automotive revenue $37.9B, consensus $36.4B.
06:09 EDTGMGM's Opel unit, watchdog recalling undisclosed number of models, Reuters reports
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January 27, 2016
14:34 EDTFNotable companies reporting before tomorrow's open
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13:17 EDTFFord volatility elevated into Q4 and outlook
Ford January weekly call option implied volatility is at 59, February is at 31; compared to its 52-week range of 16 to 44, suggesting large near term price movement into the expected release of Q4 results on January 28.
12:44 EDTFEarnings Watch: Ford sees record 2015 pre-tax profit, ex-items
Ford Motor Co. (F) is expected to report fourth quarter earnings on Thursday, January 28, before the market open with a conference call scheduled for 9:00 am ET. Ford is a manufacturer and distributor of cars and trucks across six continents. EXPECTATIONS: Analysts are looking for earnings per share of 50c on revenue of $36.4B, according to First Call. The consensus range for EPS is 36c-53c on revenue of $34.03B-$38.82B. LAST QUARTER: Ford reported third quarter adjusted EPS of 45c against estimates for 47c, on revenue of $38.1B against estimates for $35.07B. Ford reconfirmed fiscal 2015 pre-tax profit guidance to range from $8.5B-$9.5B, with higher automotive revenue, operating margin, and operating-related cash flow compared with 2014. Ford expects North America 2015 pretax profit to exceed last year's result with an operating margin at the upper end of the company's guidance of 8.5%-9.5%. For Europe, Ford continues to expect pre-tax loss for 2015 to improve compared with 2014 as the company continues towards a return to profitability in the region. On the company's conference call, management said it was on track to deliver a "breakthrough" year and expected a stronger second half, driven by Q4. On January 6, Ford announced a $1B supplemental cash dividend reflecting the company's strong financial performance in 2015 and robust cash and liquidity levels. It also announced that it expects to deliver record 2015 pre-tax profit, ex-items and sees FY16 operating EPS to be about equal to or higher than FY15. During the quarter, Ford reported the following: October U.S. sales up 13% to 213,938 vehicles; November U.S. sales up 0.4% to 187,794 units; and December U.S. sales up 8% to 239,242 vehicles. On January 5, Ford reported total 2015 U.S. sales of 2.61M vehicles, up 5%. STREET RESEARCH: Street research has been light in the weeks leading up to Ford's Q4 earnings report. On October 28, UBS said the weakness in Ford shares following the company's Q3 tax related miss was a buying opportunity. The firm believed guidance was conservative and the company was setting up for a solid 2016. UBS reiterated its Buy rating and lowered its price target to $22 from $23 on Ford shares. PRICE ACTION: Ford's shares are down approximately 23% since its Q3 report and have lost about 19% year-over-year. In afternoon trading ahead of Thursday's Q4 report, Ford shares are up just over 1% to around $12.
11:12 EDTGMMissouri Supreme Court affirms St. Louis venue for GM ignition switch cases
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09:01 EDTFFord Ohio Assembly Plant adds Ford F-Series Super Duty chassis cab
Ford announced that its Ohio Assembly Plant will support additional production of the all-new 2017 Ford F-Series Super Duty chassis cab. Together with Kentucky Truck Plant, Ohio Assembly will produce F-350, F-450 and F-550 Super Duty chassis cab configurations.
06:01 EDTFIBM names Ford President and CEO Mark Fields to board, effective March 1
The IBM (IBM) board of directors yesterday elected Mark Fields to the board effective March 1, 2016. Fields is president and CEO, Ford (F). Ginni Rometty, IBM chairman, president and CEO, said: "We are pleased that Mark will be joining the IBM board of directors. Mark led the highly successful transformation of his company in a competitive industry where technology has driven innovation. He is leading Ford into a future where cars are not only vehicles, but increasingly becoming mobile technology platforms. His knowledge and insights in running a complex global business will make a significant contribution to IBM."
January 26, 2016
11:51 EDTFFord expands safety recall on vehicles with Takata airbag inflators
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11:43 EDTFFord to host sales conference call
Conference call to discuss January Sales Results will be held on February 2 at 10 am. Webcast Link
09:32 EDTGMActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
January 25, 2016
20:03 EDTGMTesla CEO: 'Probably' three years until local production in China
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10:22 EDTQIHUOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT SPWR NFLX CREE FFIV ISRG TIF MXIM QIHU IBM
06:30 EDTFFord to shutter operations in Japan, Indonesia, Reuters reports
Ford will shutter operations in Japan and Indonesia this year since it sees "no reasonable path to profitability" in the two nations, Reuters reports. The car maker will exit all areas of its business, including dealerships and imports of Ford and Lincoln vehicles, in the two countries, the report says, citing an email from Asia Pacific President Dave Schoch to all employees in the region. Reference Link
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