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News Breaks | | | | March 19, 2013 | | 06:07 EDT |  | FIATY, CLGX, FNMA, MS, GM, VZ, GS, F, T | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The rebounding housing market has helped return Fannie Mae (FNMA) to profitability and now might allow the government-controlled mortgage-finance company to repay as much as $61.5B in rescue funds to the U.S. Treasury, the Wall Street Journal reports...Major Internet providers (T, VZ) appear to have talked their way out of unwanted new recommendations on cybersecurity. An original draft of a report by an advisory panel to the FCC endorsed a list of concrete suggestions for major telecommunications and cable companies to tackle the cybersecurity problem. Those measures weren't backed in the final report, which was released last night, the Wall Street Journal reports...REUTERS: Rising home prices last year helped more homeowners get back above water on their mortgages in Q4, a new sign of improvement in the housing market, according to CoreLogic (CLGX) data, Reuters reports...Europe's auto market (F, GM, FIATY) fell 10.2% last month, with sales of new vehicles falling to 829,359, according to figures from the Association of European Car Manufacturers, Reuters reports...BLOOMBERG: The two biggest U.S. equity bears in 2012--Goldman Sachs (GS) and Morgan Stanley (MS)--see the Standard & Poor’s 500 Index gaining over 12% this year to at least 1,600, as strong economic data point to higher corporate earnings, Bloomberg reports...Farmers from the U.S. to Australia to Europe are poised to reap the second-largest wheat crop on record as fields recover from drought and heat waves, boosting global stockpiles for the first time in four years, Bloomberg reports. | |
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News For FNMA;T;VZ;CLGX;F;GM;FIATY;GS;MS From The Last 14 Days Check below for free stories on FNMA;T;VZ;CLGX;F;GM;FIATY;GS;MS the last two weeks. |
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| May 24, 2013 | | 15:09 EDT |  | T | AT&T unit provides notice to redeem outstanding notes due July 2043
 Subscribe for More Information | | | 07:12 EDT | | FNMA | Fannie Mae's recent success concerns mortgage industry, Bloomberg reports
Fannie Mae is taking potential profits away from mortgage lenders as it posts record earnings that are fueling industry-wide concern the government-backed company is regaining its swagger even as lawmakers plot its demise, reports Bloomberg.Reference Link | | | 06:31 EDT | | GM | Chevrolet selling Cruze Clean Turbo Diesel in U.S., Detroit News says
Subscribe for More Information | | | 06:10 EDT | | FNMA | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 05:56 EDT | | GS | Goldman Sachs imposes checks on conflicts to help restore image, Reuters says
Subscribe for More Information | | | May 23, 2013 | | 16:44 EDT | | T | AT&T's new wireless fee may add a half-billion in yearly revenue, WSJ says
AT&T has initiated a 61c per month administrative fee to the bills of all of its contract wireless lines as of May 1, says the Wall Street Journal. The 61c monthly fee may result in in more than a half-billion dollars in annual revenue to the company, added WSJ. Reference Link | | | 13:16 EDT | | GM | GM to sell electric vehicle for less than $20,000, Automotive News says
GM (GM) will sell its Chevrolet Spark, a small electric vehicle, for less than $20,000 after a $7,500 federal tax credit is applied, according to Automotive News. The company will sell the vehicle in some markets in California and Oregon by the middle of next month, the website quoted the company as saying. Reference Link | | | 08:53 EDT |  | F | Pacer to benefit from improving auto industry, says BB&T
After U.S. automakers Ford (F) and Chrysler indicated that they would curtail their summer production breaks, BB&T expects Pacer (PACR) to benefit from a rebounding auto sector, as about 40% of its revenue comes from the sector, according to the firm. BB&T keeps a Buy rating on the stock. | | | May 22, 2013 | | 19:49 EDT | | F | Ford to close factory, plant in Australia, News Limited reports
Subscribe for More Information | | | 16:25 EDT |  | GS | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | | 14:29 EDT |  | GS | Goldman Sachs volatility near low end of historic range
Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement. | | | 13:07 EDT | | GS | KKR weighs Saks investment, may push Neiman Marcus merger, Bloomberg says
KKR (KKR) is considering an investment in Saks (SKS) and may push Saks to pursue a merger with Neiman Marcus, reports Bloomberg, citing people with knowledge of the matter. Saks shares are up $2.25, or 16.46%, to $15.92 after reports last night said the company retained Goldman Sachs (GS) to explore strategic alternatives, including a possible sale. Reference Link | | | 13:02 EDT | | MS | Morgan Stanley seeks $4B for infrastructure fund, Bloomberg reports
Morgan Stanley's infrastructure investment unit is planning to raise $4B for a second global fund, according to Bloomberg, citing sources. Morgan Stanley and other investment firms are targeting billions of dollars worldwide earmarked for public infrastructure projects, Bloomberg added. Reference Link | | | 12:17 EDT | | GM | GM to bring apps to some autos, Cnet reports
Subscribe for More Information | | | 11:06 EDT | | GM, F, FIATY | Auto industry rallies after Ford, Chrysler curtail summer breaks
Shares of Ford (F), Fiat (FIATY) and GM (GM) are climbing after Ford and Fiat's Chrysler subsidiary announced that they would curtail their factories' traditional two week summer hiatus. Shares of a number of auto parts makers are also advancing following the news. WHAT'S NEW: Ford said it would idle some of its plants for only one week this summer, down from the usual two weeks. Chrysler reported that it would keep three of its assembly plants open all summer, while four of its plants will close for just one week and almost all of its engine, transmission and stamping plants will not take any breaks, according to Automotive News. GM did not disclose its specific plans, the website added. TODAY'S PRICE ACTION: In mid-morning trading, Ford climbed 1.7% to $15.20, Fiat added 0.9% to $7.05, and GM rose 0.8% to $33.65. Among auto parts makers, American Axle (AXL) advanced 1.6% to $17, Johnson Controls (JCI) climbed 0.8% to $37.85, and Dana Holding (DAN) rose 1.2% to $18.80. | | | 09:02 EDT | | GS, MS | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. | | | 08:42 EDT | | VZ | Vodafone an attractive way to play trends at Verizon Wireless, says RW Baird at RW Baird
Subscribe for More Information | | | 07:46 EDT | | F | Ford shares could rise 50% over next two years, Barron's says
Subscribe for More Information | | | 07:42 EDT |  | VZ | Barclays to host a conference
Subscribe for More Information | | | 07:24 EDT | | VZ | NetEvents International to host a summit
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