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Stock Market & Financial Investment News

News Breaks
January 14, 2014
11:15 EDTDLPH, DLPH, ALV, ALV, CPS, CPS, TSLA, TSLA, MEI, MEI, GT, GT, FDML, FDML, LEA, LEA, THRM, THRM, DAN, DAN, HON, HON, F, FDeutsche Bank to host a conference
Global Auto Industry Conference is being held in Detroit on January 14-15 with webcasted company presentations to begin on January 14 at 11:20 am; not all company presentations may be webcasted. Webcast Link
News For DLPH;HON;DAN;THRM;LEA;FDML;GT;MEI;TSLA;CPS;ALV;F From The Last 14 Days
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February 1, 2016
14:42 EDTTSLATesla applies for Michigan dealership license, Detroit News says
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13:42 EDTFEarnings Watch: Alphabet to report Q4 results under new corporate structure
Alphabet (GOOG, GOOGL) is expected to report fourth quarter earnings after the market close on Monday, February 1 with a conference call scheduled for 4:30 pm ET. Alphabet is a multinational conglomerate that serves as the parent company of Google, Calico, GV, Google Capital, and Nest Labs. EXPECTATIONS: Analysts are looking for earnings per share of $8.09 on revenue of $20.77B. The consensus range is $7.32-$8.59 for EPS, and $20.33B-$21.68B for revenue, according to First Call. LAST QUARTER: Alphabet reported third quarter EPS of $7.35 against estimates of $7.21, on revenue of $18.7B against estimates of $18.53B. Google reported Q3 aggregate paid clicks up 23%, paid clicks on Google websites down 5%, aggregate cost-per-clicks down 11%, and cost-per-click on Google websites down 4%. The company also reported Q3 Sites revenue up 16% to $13.08B and Q3 Total advertising revenue up 13% to $26.78B. During its Q3 earnings report, the company said it will begin to disclose the Google business as a single segment in Q4. It also announced that the board authorized the company to repurchase $5.1B of Class C shares in Q4. GOOGLE SEGMENT: Alphabet announced that it will report Google as a single segment within its company beginning in Q4. It stated, "The new operating structure is being introduced in phases. For financial reporting purposes, we expect the reorganization will result in disclosing our Google business as a single segment and all other Alphabet businesses combined as Other Bets beginning in the fourth quarter of 2015." Within Alphabet, the Google segment now has 6 products with over 1B users, including Search, Maps, YouTube, Chrome, Android and Google Play. Gmail is also closing in on the mark with its 900M user base. RBC Capital believes that the disclosure of segment results by Google in conjunction with its Q4 results will cause the stock to rerate. The firm believes that the segment results will highlight the high profits of core Google, supporting an increase in the stocks' sum of the parts valuation. NEWS AND STREET RESEARCH: In the past quarter, Alphabet had a strong holiday season with ChannelAdvisor reporting Google Shopping was up 31.7% over the entire holiday period. Specifically, Google Shopping was up 35.9% on Thanksgiving, up 40.3% on Black Friday, up 25.7% on Cyber Saturday, and up 18.6% on Cyber Monday. Alphabet announced the redesigned launch of Google+ in November, the exploration of Fiber in Chicago and Los Angeles, and announced plans to open its first retail store in New York City. The company also targets the China launch of the Google Play app store in 2016, according to multiple reports. Lenovo (LNVGY) CEO Chen Xudong confirmed that Google Play is expected to come to China at some point this year. The company is expected to make its self-driving car company under the Alphabet structure as a stand-alone business. Ford (F) and Google are in discussions over self-driving cars, with the currently negotiated contract likely to "last a long time." According to a Reuters report, Google expects fewer software failiures in self-driving cars as it learns from its mistakes. Google tested solar-powered Internet drones and expects consumer package delivery via drone to begin in 2017. Google is also in talks with the NFL for streaming rights for London games next year. STREET RESEARCH: Oppenheimer said cloud providers like Alphabet may have a huge opportunity in the coming years. The firm said Alphabet may look for a major partner like Salesforce (CRM) to drive its cloud business. Cantor said Google ad revenue growth should continue to be strong and BMO Capital said Alphabet's outlook has improved as valuation has become more reasonable. Bernstein said the Street continues to underestimate the resilience and growth potential of Alphabet's search ad business and YouTube. Barron's, in particular, was extremely positive on YouTube, saying its revenue per viewer could potentially double in five years. It added it could be twice as valuable as Netflix (NFLX). JMP Securities was also bullish on the company, saying Alphabet benefitted from a relatively strong holiday season for online advertising. Ahead of its Q4 earnings report, JMP Securities expects the company to report "relatively strong" results. PRICE ACTION: Google shares have gained about 6% over the last three months. In Monday afternoon trading ahead of the Q4 report, Google shares are up almost 2%
13:24 EDTF, TSLATesla bull cuts target as competition ramps more quickly than new models
Shares of Tesla (TSLA) dipped significantly in early trading before later rebounding after Morgan Stanley cut its price target on the automaker to $333 from its previous $450, with the research firm citing a slow production ramp for its new car models, potentially weakened consumer demand amid cheap oil, and clearly heightening competition in the electric and autonomous vehicle space. LOW DEMAND, MORE COMPETITION: Morgan Stanley analyst Adam Jones cut his price target on Tesla to $333 from $450, arguing Monday that the carmaker is facing a slow production ramp for the Model X as well as the Model 3, which Jones said may launch in late 2018, missing the company's internal target by at least one year. It is reasonable to assume, Jones said, that Tesla is taking a deliberate, quality-conscious pace for Model X production while also shuffling personnel to help with the car's early rollout, impacting the launch of the mass-market Model 3 even as the company grapples with potentially reduced consumer demand in today's cheap oil environment. Given his assumption of lower volumes, the analyst's revised his 2020 forecast for complete vehicle deliveries to less than half of Tesla's own 500,000 target. For 2016, the analyst cut his total delivery forecast 2% to roughly 70,000 units, including a revision of Model X expectations to 15,000 from 18,500. Contributing to Tesla's headwinds, its consumer energy storage solution looks to be more expensive than previously thought, while competition in the shared and autonomous mobility arena has increased markedly. Indeed, competing efforts from Ford (F), Volkswagen (VLKAY), Alphabet (GOOG) and many others appear "genuine" and are likely to see significant investment follow-through, potentially pressuring Tesla's margins as it increases R&D spend to keep pace, Jones argued. That said, the analyst keeps an Overweight rating on the shares, explaining that while Tesla remains a high risk name that burns plenty of cash to fuel its ambitious plans, it may still be the best positioned company in the ongoing "Auto 2.0" transition. PRICE ACTION: After quickly dropping as low as $182.75 in early trading, shares of Tesla are now up 2.6% to $196.14 in afternoon trading.
09:36 EDTTSLAActive equity options trading on open
Active equity options trading on open: BAC AAPL FB AMZN TWTR MGM MCD NFLX GILD INTC TSLA AA BABA C
08:58 EDTTSLATesla target cut to $333 on lower Model X, 3 expectations at Morgan Stanley
Morgan Stanley analyst Adam Jonas said manufacturing and engineering troubles delayed the Model X launch by at least one year and may have added "hundreds of millions of dollars" to costs for Tesla. While the company focuses significant effort on the Model X, Jonas repeats his expectation that the Model 3 will not launch until late 2018, which is at least one year later than the company is targeting. Citing the Model X and Model 3 concerns, as well as a lower valuation for Tesla Energy and rising competition in the shared mobility space, Jonas cut his price target on Tesla shares to $333 from $450, but maintains an Overweight rating on the stock.
08:33 EDTDANDana Holding completes acquisition of Magnum Gaskets
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08:29 EDTTSLATesla moves lower in pre-market trading
The stock is down over 3.2% to $184.93 on light volume. At that price next support is at $181.40, the 52-week low. Resistance is at $189.80.
06:07 EDTTSLATesla CEO Musk raises stake in company, MarketWatch reports
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January 29, 2016
10:27 EDTFActive calls: IWM F DXJ ABT FXI AAPL EEM COP
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10:18 EDTHONHoneywell expects UOP unit return to growth path in 2017
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10:07 EDTHONHoneywell expects 2016 to see top line growth, strong margin expansion
09:39 EDTHONHoneywell expect to be 'opportunistic' when it comes to share repurchases
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09:38 EDTHONHoneywell backs FY16 Aerospace sales $15.3B-$15.6B, core organic growth 1%-2%
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09:37 EDTHONHoneywell expects to face challenging end markets, but framework has not changed
The company expects to continue to spend conservatively to keep planning framework the same.
09:36 EDTHONHoneywell sees Q1 EPS $1.48-$1.53, consensus $1.49
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07:30 EDTALVAutoliv sees Q1 organic sales growth more than 10%
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07:30 EDTALVAutoliv sees FY16 organic sales growth roughly 5%
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07:28 EDTALVAutoliv reports Q4 adjusted EPS $2.08, consensus $1.91
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06:34 EDTHONHoneywell backs FY16 EPS ex-items view of $6.45-$6.70, consensus $6.57
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06:32 EDTHONHoneywell reports Q4 EPS ex-items $1.58, consensus $1.58
Reports Q4 revenue $9.98B, consensus $9.98B.
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