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Stock Market & Financial Investment News

News Breaks
October 4, 2012
07:42 EDTNSANY, TM, FIATY, VLKAY, TSLA, F, HMC, DDAIF, GMAs sales growth slows in India, car makers suffer, Bloomberg reports
In India, car sales are being hurt by slow growth, reports Bloomberg. The Society of Indian Automobile Manufacturers may cut this year's forecast for sales growth for a second time, following a reduction from about 12% to 9% in July. That’s weak growth for a market that doubled in size from 2008 to 2011, according to Bloomberg Industries data. And with sales slowing in Europe and China, car makers continue to look for signs of growth beyond the U.S. market. Reference Link
News For FIATY;GM;F;TM;DDAIF;TSLA;NSANY;HMC;VLKAY From The Last 14 Days
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May 20, 2013
15:11 EDTGMGM marketing push set for new pickups, Reuters says
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11:56 EDTTSLAOptions with decreasing implied volatility: SGMO WCRX TSLA CSC SUPN
09:40 EDTTSLAActive equity option families trading
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08:59 EDTGMGeneral Motors price target raised to $43 from $34 at Argus
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06:01 EDTF, GM, DDAIF, VLKAYImported car prices in China decline, Bloomberg reports
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05:35 EDTFFord Fusion Energi earns top vehicle safety rating from NHTSA
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May 19, 2013
14:28 EDTNSANYNissan expands in Japan minicar market, Bloomberg reports
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May 17, 2013
18:27 EDTTSLATesla plans to pay back government loan next week, Bloomberg says
Tesla is planning to use $452.4M of the $1.08B the company raised in a debt and equity offering to pay back to the government for its Advanced Technology Vehicles Manufacturing loan, reports Bloomberg, citing two people familiar with the matter that say the company is planning to pay back the loan in full next week. Reference Link
16:00 EDTF, TSLAOptions Update; May 17, 2013
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15:51 EDTTSLATesla Motors May weekly volatility at 87, July at 61 after capital raise
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11:17 EDTTSLARuckus Wireless volatility low, shares trend up on upgrade to Buy at Goldman
Ruckus Wireless June call option implied volatility is at 67, August is at 70, November is at 67; compared to its 20-week average of 73 according to Track Data, suggesting decreasing price movement.
10:17 EDTGMGM jumps above IPO level after CLSA boosts rating
Shares of GM (GM) are advancing after CLSA analyst Emmanuel Rosner upgraded the stock to Buy from Underperform in a note to investors earlier today. WHAT'S NEW: GM should benefit from improved profitability in North America in the second half of 2013 and 2014, reduced losses in Europe, and stabilized profit margins in China, Rosner wrote. In North America, the automaker's profitability should be boosted by higher prices in the second half of this year, and by the full rollout of its K2XX trucks in 2014, the analyst believes. GM's first quarter results in Europe indicated that it is "making encouraging progress in reducing losses" there, the analyst wrote. As a result, he has increased confidence that GM Europe's loss will drop to about $1B this year from $1.9B last year. In China, GM's emphasis on the Cadillac should enable the company to keep its margins, which had been in a downward trend, from falling this year, the analyst contended. Rosner has a $48 price target on GM's stock. TODAY'S PRICE ACTION: In early trading, GM rose 60c, or 1.9%, to $33. WHAT'S NOTABLE: GM's IPO price was $33, and the stock has reached that level again today.
10:07 EDTGMOn The Fly: Analyst Upgrade Summary
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09:37 EDTTSLAActive equity option families trading on open
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09:29 EDTTSLATesla capital raise positive, says Morgan Stanley
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07:39 EDTDDAIF, FIATY, VLKAYEU auto sales move into posiitve teritory, FT reports
Auto sales in the European Union in April ended an 18-month losing streak, as hopes are raised that the market’s decline in the continent had finally begun to slow, reports the Financial Times. New registrations in the EU were up 1.7% compared with the same month a year ago, helped by gains in the German and U.K. markets, Europe’s largest by sales.Reference Link
07:32 EDTTSLAUpdate: Tesla 3.394M share Secondary priced at $92.24
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07:11 EDTFIATYFiat's potential headquarters move to U.S. concerns Italy, Bloomberg reports
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06:09 EDTTSLATesla 2.7M share Secondary priced at $92.24
Goldman acted as sole book running manager for the offering.
06:06 EDTFIATYOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports.
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