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Stock Market & Financial Investment News

News Breaks
May 6, 2012
12:54 EDTSTX, HFC, LNC, MET, HPQ, MPC, GNW, DAL, WNR, HIG, AFL, GMRanking The Barron's 500 by P/E could show what stocks are inexpensive
Companies in the Barron's 500 are ranked by Credit Suisse's HOLT on the basis of changes in sales and return on cash flow. Seeking to gauge the prospects for their stocks, Barron's asked FactSet to re-rank the companies by their price/earnings ratios, based on profit estimates for the current fiscal year. A low P/E is often a simple way to tell that a company is out of favor with investors. Thus, it is a metric beloved by value investors, who often profit by heading in the opposite direction from the crowd. Out-of-favor stocks, including General Motors (GM) and Delta Air Lines (DAL), with their mid-single-digit P/Es, just might beckon such investors, Barron's contends. The periodicals’ list of the 30 stocks with the lowest P/Es also has a fair concentration of insurance names, including No. 9-ranked MetLife (MET), Aflac (AFL), Genworth Financial (GNW), Lincoln National (LNC) and Hartford Financial Services (HIG). Oil refiners also are well represented, with Marathon Petroleum (MPC), HollyFrontier (HFC), and Western Refining (WNR) sporting cheap stocks. Investors fear profits will decline if oil prices fall. In tech, Hewlett-Packard (HPQ) isn't the cheapest tech stock on our list; that dubious distinction goes to Seagate Technology (STX). Reference Link
News For GM;DAL;MET;AFL;GNW;LNC;HIG;MPC;HFC;WNR;HPQ;STX From The Last 14 Days
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June 24, 2015
06:27 EDTGMGeneral Motors downgraded to Neutral from Buy at Goldman
Goldman downgraded General Motors (GM) to Neutral and lowered its price target to $40 from $47 due to a weakness in China and softening US profit momentum. The firm's recent dealer visits in China indicate increased promotional activity and net price deterioration to support Shanghai GM JV product sales. Goldman said this, combined with margin pressure, will likely lead to a reduction in China guidance. For North America, the firm said Q1 carryover product pressure has extended into Q2 and could be pressured further with full availability of Ford's (F) F-150 heading into 2H 2015.
June 23, 2015
17:44 EDTGMGoldman ups Ford to Buy, cuts GM to Neutral
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17:27 EDTGMGeneral Motors downgraded to Neutral from Buy at Goldman
12:54 EDTSTX, HPQPC concerns weighing on shares of Seagate, Western Digital
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09:36 EDTDALActive equity options trading on open
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07:56 EDTDALDetroit Economic Club to hold a meeting
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07:11 EDTDALDelta Air Lines coverage assumed with an Overweight at Morgan Stanley
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06:25 EDTSTXWestern Digital downgraded to Neutral from Overweight at JPMorgan
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06:05 EDTHPQNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
June 22, 2015
12:41 EDTGMHyundai nearing sponsorship agreement with NFL, Bloomberg reports
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11:15 EDTGMGM activists not interested in merger with Fiat Chrysler, Financial Times says
General Motors (GM) activist holders have said they will not push for a merger with Fiat Chrysler (FCAU), reports the Financial Times. According to four people familiar with the matter, the activist contingent, which controls about 1.5% of GM shares, is more interested in cutting costs than embarking on a complicated merger transaction. One person close to the hedge funds said the investors believe consolidation makes sense but are unsure "that this particular consolidation makes sense." Reference Link
11:02 EDTGMGeneral Motors to invest $245M at Orion Assembly plant
General Motors said it will invest $245M and add 300 new jobs at its Orion Assembly plant to support launching an all-new vehicle program. "Orion Assembly is a breeding ground for manufacturing innovation,” said Cathy Clegg, GM North America vice president of Manufacturing and Labor Relations. "It serves as a model for how to engage the entire workforce at all levels to achieve success. The plant is up to the challenge of building this brand-new product, something it’s never seen before." Investment in Orion totals $962M since the UAW and GM worked together to reopen the previously idled plant in 2010, the automaker announced in a statement. Today's announcement is a part of the $5.4B GM has announced it will invest in U.S. manufacturing over the next three years. Approximately $3.1B of the $5.4B has been identified, leaving $2.3B to be announced by year end.
10:00 EDTMETOn The Fly: Analyst Upgrade Summary
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09:42 EDTDALDelta Air Lines $2 fare increase failed, says JPMorgan
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07:26 EDTMETMetLife upgraded on share repurchase, interest rate outlook at RBC Capital
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07:19 EDTDALAirlines focusing on upgraded in-flight web services, WSJ reports
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06:57 EDTGMCNH Industrial upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded CNH Industrial (CNHI) to Neutral saying the stock could find support until the potential General Motors (GM) and Fiat-Chrysler (FCAU) merger is resolved. The firm raised its price target for shares to $8.50 from $7.50.
06:14 EDTMETMetLife upgraded to Outperform from Sector Perform at RBC Capital
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06:08 EDTGMGeneral Motors to add over 243,000 hatcbacks to air bag recall, AP reports
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June 21, 2015
13:03 EDTDALU.S. airline stocks may rise 15%-50% in one year, Barron's says
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