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Stock Market & Financial Investment News

News Breaks
December 3, 2012
12:13 EDTDELL, IOSP, TPCG, VRSN, DECK, FIATY, TM, F, GM, HMAOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, as were the global manufacturing reports. Chinese manufacturing returned to growth in November for the first time in over a year and the deep downturn in euro zone factories eased. However, the U.S. manufacturing data for November was below expectations, leading the market to pare its early session gains... ECONOMIC EVENTS: In the U.S., the ISM November manufacturing purchasing managersí index, or PMI, slid to 49.5, reflecting contraction, from a 51.7 prior reading. Analysts expected a reading of 51.4, which reflects expansion. 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 rose to 50.5 in November, the first time since October 2011 that it had topped the line that separates growth from contraction. A similar survey out Saturday from the Chinese National Bureau of Statistics rose to a seven-month high of 50.6. In Europe, manufacturing activity contracted for the ninth consecutive month in November, but at a slower pace. Markit's final euro-zone PMI rose to 46.2 from 45.4 in October, unchanged from its preliminary reading... COMPANY NEWS: Dell (DELL) shares jumped nearly 6% after Goldman upgraded the stock two notches, from a Sell rating to a Buy, citing lowered expectations that the company may outperform and its strong cash position... November auto sales rose to what may be the highest annual sales rate since February 2008. General Motors (GM) sold 186,505 vehicles, up 3.4%, while Ford (F) sales rose 6.5% to 177,673 units, Toyota Motor (TM) U.S. sales increased 17% to 161,695 units and Chrysler (FIATY) sales gained 14% to 122,565 units... MAJOR MOVERS: Among the notable gainers were Deckers Outdoor (DECK), up 7% following an upgrade to Buy at Sterne Agee, and VeriSign (VRSN), up over 6% after a positive mention in this weekend's Barron's. Among the noteworthy losers was TPC Group (TPCG), which fell about 7% after Innospec (IOSP) withdrew its acquisition proposal. Also lower were shares of Health Management (HMA), down almost 5% after a negative mention in a "60 Minutes" report and a downgrade at CRT Capital... INDICES: Near noon, the Dow was down 10.26, or 0.08%, to 13,015.32; the Nasdaq was up 6.26, or 0.21%, to 3,016.50; and the S&P 500 was up 1.25, or 0.09%, to 1,417.43.
News For DELL;GM;F;TM;FIATY;DECK;VRSN;TPCG;IOSP;HMA From The Last 14 Days
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October 14, 2014
18:12 EDTTMToyota to manufacture SUVs in Turkey starting in 2016, Nikkei reports
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10:01 EDTFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AU Optronics (AUO) upgraded to Neutral from Sell at UBS... Antero Resources (AR) upgraded to Buy from Accumulate at KLR Group... BHP Billiton (BHP) upgraded to Neutral from Underperform at Credit Suisse... Bill Barrett (BBG) upgraded to Buy from Accumulate at KLR Group... BorgWarner (BWA) upgraded to Buy from Neutral at Goldman... CRH Plc. (CRH) upgraded to Buy from Neutral at Citigroup... Comstock Resources (CRK) upgraded to Buy from Accumulate at KLR Group... Cracker Barrel (CBRL) upgraded at Argus... Delphi Automotive (DLPH) upgraded to Buy from Neutral at Goldman... EOG Resources (EOG) upgraded at Bernstein... Eaton (ETN) upgraded to Overweight from Equal Weight at Barclays... Energizer (ENR) upgraded to Outperform from Market Perform at Wells Fargo... Energy Transfer Equity (ETE) upgraded to Outperform at RW Baird... Federal-Mogul (FDML) upgraded to Neutral from Sell at Goldman... Ford (F) upgraded to Neutral from Underperform at Buckingham... Gulfport Energy (GPOR) upgraded to Accumulate from Hold at KLR Group... Halcon Resources (HK) upgraded to Buy from Hold at KLR Group... HeartWare (HTWR) upgraded to Overweight from Neutral at Piper Jaffray... Helmerich & Payne (HP) upgraded to Outperform at FBR Capital... Legg Mason (LM) upgraded to Neutral from Underperform at BofA/Merrill... Level 3 (LVLT) upgraded to Buy from Hold at Gabelli... Magnum Hunter (MHR) upgraded to Buy from Hold at KLR Group... NetScout (NTCT) upgraded at DA Davidson... Netflix (NFLX) upgraded to Buy with $600 target at BTIG... Newfield Exploration (NFX) upgraded to Buy from Hold at KLR Group... Nielsen (NLSN) upgraded at Bernstein... Orbitz (OWW) upgraded to Outperform from Market Perform at FBR Capital... PDC Energy (PDCE) upgraded to Buy from Hold at KLR Group... Rackspace (RAX) upgraded to Buy from Hold at Evercore... Range Resources (RRC) upgraded to Accumulate from Hold at KLR Group... Rex Energy (REXX) upgraded to Buy from Accumulate at KLR Group... SM Energy (SM) upgraded to Buy from Accumulate at KLR Group... Sanchez Energy (SN) upgraded to Buy from Accumulate at KLR Group... Targa Resources (TRGP) upgraded to Buy from Accumulate at Tudor Pickering... Unilife (UNIS) upgraded to Buy from Neutral at Ladenburg... Universal Forest (UFPI) upgraded at Sterne Agee.
10:01 EDTGM, FOn The Fly: Analyst Downgrade Summary
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07:24 EDTFFord upgraded to Neutral from Underperform at Buckingham
06:20 EDTGMGeneral Motors downgraded to Buy from Conviction Buy at Goldman
Goldman removed General Motors from the Conviction Buy List and lowered estimates to to cuts in North American and European production and a difficult pricing environment. The firm maintains its Buy rating and views risk/reward as favorable and expects reasonably strong comps over then next two quarters. Price target lowered to $47 from $48.
06:15 EDTFFord downgraded to Neutral from Buy at Goldman
Goldman downgraded Ford to Neutral citing lack of near-term catalysts and less balance sheet optionality. Price target lowered to $17 from $21.
05:34 EDTTMToyota reports September global hybrid sales surpassed 7M unit mark
Toyota announced global hybrid sales surpassed the 7M unit mark in September. Toyota achieved this latest million-unit hybrid milestone at the record pace of nine months. Including hybrid vehicles launched this year, Toyota will introduce at total of 15 new hybrids globally through 2015. Hybrids launched this year comprise the Lexus Voxy Hybrid and Noah Hybrid in Japan only, and the Lexus NX 300h. This month Toyota will introduce the Lexus RC 300h. Toyota plans to continue expanding its hybrid lineup and increase the number of countries and regions where it sells hybrid vehicles.
October 13, 2014
12:10 EDTGMGM lawyer says 27 people eligible for ignition switch compensation, AP reports
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11:00 EDTFFord adding 850 more jobs at Ford Rouge Center to build new F-150
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10:23 EDTFFord to hire 850 workers for Dearborn Rouge factories, WSJ says
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07:02 EDTFFord and Carfax expand partnership
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06:44 EDTF, GM, TM, FIATYRegulators seeking banks' auto loan data, Reuters reports
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October 12, 2014
17:21 EDTGMTesla ahead of other car makers on semiautonomous driving system, WSJ says
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October 10, 2014
07:17 EDTFCitigroup and the Society of Automotive Analysts to co-host a summit
Automotive Investor Summit is being held in Southfield, Michigan on October 10.
06:44 EDTFFord reports China unit sold 95,875 vehicles in September, Reuters says
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06:12 EDTGMGeneral Motors reports September China sales up 15.2% to 319,936
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October 9, 2014
10:00 EDTTMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Acuity Brands (AYI) upgraded at Oppenheimer... Agnico-Eagle (AEM) upgraded to Buy from Hold at Desjardins... Apple (AAPL) upgraded to Outperform from Perform at Oppenheimer... Bank of Montreal (BMO) upgraded to Buy from Hold at Canaccord... Basic Energy (BAS) upgraded to Hold from Underperform at Jefferies... BreitBurn Energy (BBEP) upgraded to Outperform from Perform at Oppenheimer... Golden Minerals (AUMN) upgraded at Roth Capital... Helmerich & Payne (HP) upgraded to Buy from Hold at Jefferies... II-VI (IIVI) upgraded to Buy from Neutral at DA Davidson... LivePerson (LPSN) upgraded at Credit Suisse... Luminex (LMNX) upgraded to Market Perform at Cowen... MGM Resorts (MGM) upgraded at Craig-Hallum... New Gold (NGD) upgraded to Buy from Hold at Desjardins... New Source Energy (NSLP) upgraded to Outperform from Perform at Oppenheimer... Pacific Coast Oil (ROYT) upgraded to Buy from Hold at Stifel... Pioneer Energy (PES) upgraded to Buy from Hold at Jefferies... Precision Drilling (PDS) upgraded to Strong Buy from Outperform at Raymond James... Randgold (GOLD) upgraded to Overweight from Neutral at HSBC... Resource Capital (RSO) upgraded to Buy from Hold at MLV & Co.... Toyota (TM) upgraded to Buy from Neutral at BofA/Merrill... Transocean (RIG) upgraded to Outperform from Sector Perform at Iberia... Universal Technical (UTI) upgraded to Outperform from Market Perform at Wells Fargo... Vulcan Materials (VMC) upgraded to Buy from Neutral at Longbow.
09:17 EDTGMOmix Ada recalls floor mats used in Chevrolet, GMC trucks, SUVs
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08:02 EDTFPandora announces new auto partnership with Ford Australia
Pandora (P) Internet Radio has officially announced its partnership with Ford (F) Australia. The launch, effective across a range of nameplates including Fiesta ST and Focus ST and Ford Kuga line up, will continue to roll out across other Ford nameplates including the Fiesta, Focus, Ranger and Transit range by early 2015. Pandora locally also partners with Holden and Mazda, and will soon be released on new model Nissans (NSANY).
06:27 EDTTMToyota upgraded to Buy from Neutral at BofA/Merrill
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