New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For F From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent F news | >>
August 4, 2015
07:56 EDTFPiper Jaffray to hold a conference
Subscribe for More Information
August 3, 2015
16:45 EDTFOn The Fly: Top stock stories for Monday
Subscribe for More Information
12:30 EDTFOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday following a busy morning of economic data that included manufacturing readings from around the globe. Also making headlines was the resumption of stock trading in Greece's, whose key index plunged more than 20% upon its opening after being closed throughout July as the country brokered a new financial assistance deal with its creditors. ECONOMIC EVENTS: In the U.S., a news service broke the Institute for Supply Management's embargo early and the group's manufacturing report was released before the opening bell instead of after it, as expected. ISM's manufacturing index for July came in at 52.7, below the consensus forecast for a reading of 53.5. Markit's manufacturing index for July came in at 53.8, matching expectations. Personal income rose 0.4% in June, versus expectations for a gain of 0.3%, while consumer spending rose 0.2%, matching expectations. Construction spending edged up 0.1% in June, missing expectations for spending to have grown 0.6%. In China, the official purchasing managers' index released by the statistics bureau fell to a five month low of 50, compared with the previous month's 50.2 reading, where economists polled by Reuters forecast it to hold. The Caixin China PMI, which focuses more on small and medium sized firms, fell to a two year low of 47.8, which was lower than the preliminary reading of 48.2 for July. In Europe, Markit's final Eurozone manufacturing PMI of 52.4 beat a preliminary estimate of 52.2, but ticked down a hair from June's 52.5 reading. Greece's Athens Stock Exchange reopened for the first time since being closed on June 29 and the Athex composite plunged more than 20% in early trading upon the resumption of trading. COMPANY NEWS: General Motors (GM) reported its U.S. sales jumped 6.4% in July compared to the same month of last year, topping expectations. FCA US, the parent of the Chrysler and Jeep brands, reported U.S. sales increased 6.2% in July and Ford's (F) sales growth of 5% last month compared to last year also beat the consensus forecast. Of note, GM said the month indicates annual light vehicle sales of 17.6M, above the company's 2015 estimate for U.S. industry sales of 16.5M-17M, while FCA US projected U.S. industry sales figures for July at an estimated 17.8M units Seasonally Adjusted Annual Rate, or SAAR. MAJOR MOVERS: Among the notable gainers was Lexicon Pharmaceuticals (LXRX), which jumped 59% after the company reported that a Phase 3 study evaluating the efficacy and safety of telotristat etiprate for carcinoid syndrome patients with metastatic neuroendocrine tumor met its primary endpoint. Wedbush analyst Liana Moussatos raised her price target for Lexicon to $19 from $17 after the report, saying the trial results were "impressive and transforming." Also higher was Frontier Communications (FTR), which gained 9.7% after reporting its second quarter results and raising its FY15 free cash flow view to $825M-$865M from $785M-$825M. Among the noteworthy losers was Tyson Foods (TSN), which fell 9% after the meat producer reported weaker than expected third quarter results and cut its full-year guidance, citing ongoing headwinds facing its beef business. INDEXES: Near midday, the Dow was down 78.84, or 0.45%, to 17,611.02, the Nasdaq was up 1.73, or 0.03%, to 5,130.01, and the S&P 500 was down 2.82, or 0.13%, to 2,101.02.
09:23 EDTFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Perion Network (PERI), up 10.2%... Array Biopharma (ARRY), up 5.6%... Camtek (CAMT), up 4.9%... Frontier Communications (FTR), up 7%. ALSO HIGHER: Lexicon Pharmaceuticals (LXRX), up 32.2% after TELESTAR Phase 3 study met primary endpoint... OraSure Technologies (OSUR), up 7.5% after receiving FDA emergency use authorization for ebola rapid diagnostic test... Omeros (OMER), up 7.1% after receiving marketing authorization for Omidria from EC... Ford (F), up 1.3% after reporting July U.S. sales. DOWN AFTER EARNINGS: Tyson Foods (TSN), down 8.8%. ALSO LOWER: LinnCo (LNCO), down 4.9% after being downgraded to Sector Perform from Outperform at RBC Capital... Linn Energy (LINE), down 5% after being downgraded to Sector Perform from Outperform at RBC Capital.
09:16 EDTFFord reports July U.S. sales up 5% to 222,732 vehicles
Subscribe for More Information
09:15 EDTFFord reports July U.S. sales up 5% to 222,732 vehicles
Subscribe for More Information
July 31, 2015
16:22 EDTFStocks end week higher in U.S. despite selloff in China
Subscribe for More Information
July 30, 2015
12:09 EDTFFiat Chrysler CEO: 'No immediate plans' to divest Magneti Marelli, Reuters says
Fiat Chrysler (FCAU) CEO Sergio Marchionne said that the company has "no immediate plans" to divest Magneti Marelli, though there may be plans to do so in the future, Reuters reports, citing comments from the company's analyst call. Marchionne said that he sees the company breaking even in Brazil by the end of 2015 and that he wants to narrow the gap in labor costs with Ford (F) and GM (GM) in ongoing labor talks, the report says. The CEO added that he sees FY15 Maserati sales being flat or close to the previous year's levels, the report says. Reference Link
06:17 EDTF2 Ford F-150s see different crash test results, Detroit News reports
Two Ford F-150 models with different configurations tested differently in safety tests that tested whether aluminum can be a safe material for pickup bodies, the Detroit News reports. The Insurance Institute for Highway Safety awarded Ford's 2015 F-150 crew cab its Top Safety Pick, while its sister version, the two-door extended cab, received only a marginal rating in the test, the report says. Reference Link
July 29, 2015
07:16 EDTFFord price target raised to $23 from $19 at UBS
Subscribe for More Information
06:14 EDTFGM, Ford sales rise to level of German luxury auto makers, WSJ says
Subscribe for More Information
July 28, 2015
19:19 EDTFFord stock should keep rising, Barron's says
Subscribe for More Information
16:53 EDTFOn The Fly: Top stock stories for Tuesday
Subscribe for More Information
16:00 EDTFOptions Update; July 28, 2015
Subscribe for More Information
12:31 EDTFOn The Fly: Top stock stories at midday
Stocks on Wall Street began the session in positive territory but turned mixed a short time after the open. The averages gathered themselves again and began an upward drift about an hour into trading, leaving markets near session highs around noon as stocks try to break their string of five consecutive lower closes. ECONOMIC EVENTS: In the U.S., the Case Shiller 20-city home price index rose 1.1% in May to 179.03, missing a forecast for it to rise 1.7% to 180.2. Markit's services PMI for July rose to 55.2, above the expected 55.0 reading. The Richmond Fed factory index rose to 13.0 in July from an upwardly revised 7 in June. Consumer confidence fell to 90.9 in July, down from a revised 99.8 figure for last month and below the expected reading of 100. In China, the Shanghai composite index closed down 1.7%, but only after a volatile session that saw it down as much as 5.1% and up about 1% at different points in the trading day. In Europe, U.K. GDP growth in the second quarter came in at 0.7%, matching the consensus expectation. COMPANY NEWS: Earnings season continued in earnest with UPS (UPS), Ford (F), Pfizer (PFE) and Merck (MRK) each reporting better than expected quarterly profits. UPS, which said its quarterly results gave it confidence in achieving the upper end of its earnings guidance range for the fiscal year, rose more than 5%. Pfizer and Merck each raised their fiscal year earnings guidance ranges, but Pfizer advanced 1.7% following its report while Merck slid nearly 0.5%. Ford, meanwhile, gained 1.8% after backing its fiscal year pre-tax profit view and repeating that it still expects the second half of the year to be stronger than the first half. MAJOR MOVERS: Among the notable gainers was Supervalu (SVU), which jumped 19% after the company reported better than expected first quarter results and also announced that it is exploring a separation of its Save-A-Lot business into a stand-alone, publicly traded company. Also higher was GrubHub (GRUB), which gained over 5% after reporting better than expect top and bottom line results in its second quarter and issuing 2015 guidance that analysts at Stifel said "appears conservative." Among the noteworthy losers was Immunomedics (IMMU), which tumbled 34% after the company's partner, UCB, announced that two Phase 3 clinical studies for epratuzumab in Systemic Lupus Erythematosus did not meet their primary clinical efficacy endpoints in either dose in both studies. Also lower following its earnings reports was Baidu (BIDU), which fell 16.5% and was downgraded by at least four research firms. INDEXES: Near midday, the Dow was up 136.13, or 0.78%, to 17,576.72, the Nasdaq was up 36.37, or 0.72%, to 5,076.14, and the S&P 500 was up 19.42, or 0.94%, to 2,087.06.
11:27 EDTFFord to host sales conference call
Conference call to discuss July sales results will be held on August 3 at 10 am. Webcast Link
09:31 EDTFFord says on track toward profitability in Europe
Says seeing "modest but good growth" in Europe. Says on track toward profitability in Europe. Sees 2H results in Europe worse than 1H. Says "cautiously optimistic" on continued industry growth in Europe in 2H. Sees some "green shoots" in Europe. Sees strong results in Asia Pacific in 2015, sees results exceeding 2014. Says "bullish" on China, but "it's going to go through fluctuations." Says slowing China sales puts pressure on pricing. Says "a little concerned" about South America, Russia, says "watching China closely." Says plans, priorities "unchanged."
09:18 EDTFFord says 'no signs of bottom' in South America
Subscribe for More Information
09:18 EDTFOn The Fly: Pre-market Movers
Subscribe for More Information
09:17 EDTFFord still sees 2H15 results stronger than 1H
Subscribe for More Information
1 | 2 | all recent F news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use