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Stock Market & Financial Investment News

News Breaks
November 27, 2012
05:59 EDTAAPL, GMGM to add Siri system to three cars, Detroit News reports
General Motors (GM) is planning to add Apple's (AAPL) Siri personal assistant feature to three vehicles early next year, the automaker is expected to announce today, the Detroit News reports. Siri will be integrated in the 1LT and 2LT versions of the Chevrolet Spark mini car, the 2014 Spark Electric Vehicle and LTZ and RS models of the 2014 Chevy Sonic subcompact cars. Reference Link
News For GM;AAPL From The Last 14 Days
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April 9, 2014
16:23 EDTGMOn The Fly: Closing Wrap
Stocks on Wall Street were higher after the minutes of the latest FOMC meeting struck a particularly dovish note. The averages, which were higher for the second straight session ahead of the minutes release, climbed to their highs over the final two hours of trade. Each index posted gains of over 1%, with the tech-heavy Nasdaq again the biggest winner. ECONOMIC EVENTS: The minutes for the March 18-19 FOMC showed that some committee members were concerned that its future interest rate projections could be misconstrued by the market as advocating tighter monetary policies. The minutes also showed that committee members expect to continue tapering the Fed's asset purchases if the economy performs as expected going forward. Wholesale inventories rose 0.5% in February, matching economists' forecast. COMPANY NEWS: Several auto majors were in the news, notably General Motors (GM), which fell 91c, or 2.64%, to $33.62 as the National Highway Traffic Safety Administration yesterday announced that it fined the automaker for failing to respond to the administration's inquiry into its recall related to faulty ignition switches in a timely manner. Analysts at Morgan Stanley also downgraded the stock to Underweight from Equal Weight. U.S.-listed shares of Toyota Motor (TM) fell $1.37, or 1.26%, to $107.73 after the company announced the recall of over 6M vehicles worldwide. A report from Automotive News said that Volkswagen (VLKAY) issued a stop-sale order on some of it newer-model cars, but U.S.-listed shares of the German automaker, which were upgraded earlier in the session by Bernstein to Outperform, were unfazed and gained $2.91, or 5.72%, to $53.78... Two notable initial public offerings took place today, with hotel chain operator La Quinta (LQ) gaining 12c, or 0.71%, to $17.12 and Chinese medical exam and screening center operator iKang Healthcare (KANG) gaining $1.20, or 8.57%, to $15.20, in their first day of trade. MAJOR MOVERS: Among the notable gainers was marketing software and solutions provider Constant Contact (CTCT), up $6.30, or 28.74%, to $28.22 after the company's preliminary first quarter revenue exceeded analysts' projection. Also higher was social media giant Facebook (FB), up $4.22, or 7.25%, to $62.41 after analysts at Susquehanna and SunTrust published positive commentary on the company. Among the noteworthy losers was Intuitive Surgical (ISRG), down $33.20, or 6.78%, to $456.64 after last night saying it expects first quarter revenue to come in well below expectations, though the stock was defended by no fewer than three analyst firms following the announcement. Also lower were a number of coal producers, including Alpha Natural Resources (ANR) and Walter Energy (WLT), which each lost more than 6%, and Arch Coal (ACI), which fell over 3%, after all three stocks were downgraded to Sell at UBS. INDEXES: The Dow was up 181.04, or 1.11%, to 16,437.18, the Nasdaq was up 70.91, or 1.72%, to 4,183.90, and the S&P 500 was up 20.22, or 1.09%, to 1,872.18.
16:00 EDTAAPLOptions Update; April 9, 2014
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15:56 EDTAAPLApple interface head rumored to be exiting, AppleInsider says
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15:21 EDTAAPLApple weighing 'dramatic' overhaul of iTunes store, Billboard says
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14:16 EDTGMGeneral Motors shares defended at Citigroup
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12:18 EDTGMOn The Fly: Midday Wrap
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10:39 EDTAAPLJudge says certain WiLAN patent claims are valid in litigation vs. Apple
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10:39 EDTAAPLLogitech has risk of increasing competition from Apple, says UBS
UBS notes that Apple (AAPL) filed a patent with the USPTO for an electronic device/tablet cover that seems to include a keyboard. UBS believes Apple could introduce its own branded keyboard cover, and other branded peripherals, in order to grab market share from its highly loyal consumer base. The analyst believes competition for Neutral rated Logitech (LOGI) will accelerate, significantly impacting growth prospects.
10:06 EDTGMOn The Fly: Analyst Downgrade Summary
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10:02 EDTGMBofA/Merrill's US autos/auto parts analyst has analyst/industry conference call
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09:36 EDTAAPLActive equity options trading on open
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09:11 EDTGMOn The Fly: Pre-market Movers
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08:24 EDTAAPLGoogle, Apple have considered acquiring Square, Re/code reports
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07:54 EDTAAPLSamsung, Apple pushed to make high-end phones less costly, Reuters says
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07:28 EDTAAPLAmazon looking to court game developers for Fire TV, NY Post reports
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06:40 EDTGMCar sales rose 9% last month in China, China Daily says
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06:32 EDTGMGeneral Motors downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley downgraded General Motors based on expectations the industry will be pressured by increasing technology capex needs. The analyst believes GM will need to invest heavily into connected vehicles, advanced power trains and eventually autonomous cars which will pressure margins and earnings. The firm views valuation as fair but not on a relative basis vs. its coverage universe and assigned an Underweight rating on shares with a $33 price target.
06:18 EDTAAPLApple seeks $2.2B in damages from Samsung in patent infringement, WSJ says
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06:15 EDTAAPLFlexible PCB samples delivered for Apple iWatch validation, DigiTimes says
Flexible PCB suppliers have reportedly delivered FPCB samples for use in Apple's iWatch devices for validation, reports DigiTimes. According to industry sources, Apple is expected to unveil the iWatch wearable devices in September. Reference Link
06:00 EDTGMGeneral Motors workers in Kentucky vote to allow strike, AP reports
GM's auto workers at its Bowling Green, Kentucky plant have voted to authorize a strike over safety concerns, the Associated Press reports. More than 90% of the eligible union workers voted to call a strike if necessary. Reference Link
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