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Stock Market & Financial Investment News

News Breaks
May 6, 2012
12:54 EDTHPQ, MPC, GNW, DAL, WNR, HIG, AFL, GM, STX, HFC, LNC, METRanking 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 periodicalsí 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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April 14, 2015
18:07 EDTGMGeneral Motors seeks to cut costs via longer term supply contracts, WSJ says
General Motorsí new purchasing chief said the company is trying to lock in its supplier contracts for a term covering two vehicle generations, or as long as a decade, in a bid to cut costs and gain access to advanced technology, The Wall Street Journal reports. Reference Link
15:34 EDTDALNotable companies reporting before tomorrow's open
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13:55 EDTDALDelta Air Lines technical commentary ahead of results
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10:42 EDTMETWheeler retirement adds uncertainty to MetLife CEO succession, says Wells Fargo
Wells Fargo said the retirement of Metlife's President of the Americas Bill Wheeler was unexpected and adds uncertainty around the issue of CEO succession, since Wheeler was widely viewed as a possible successor to CEO Steve Kandarian. Wheeler's exit leaves the company with no clear front runner to next take up the CEO post, said the firm, which has an Outperform rating on Metlife shares.
10:01 EDTLNC, STXOn The Fly: Analyst Upgrade Summary
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08:45 EDTLNCLincoln National upgraded to Buy from Neutral at BofA/Merrill
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08:36 EDTMETMetLife announces retirement of president of Americas Bill Wheeler
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07:47 EDTHPQHP announces new $190M Medicaid contract in Arkansas
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07:42 EDTDALDelta Air volatility elevated into Q1 and outlook
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07:10 EDTDALAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
06:25 EDTSTXSeagate upgraded to Neutral from Underperform at BofA/Merrill
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April 13, 2015
19:43 EDTHPQHP reaffirms commitment to the public cloud
In a blog post on HP's website, senior VP Bill Hilf said, "In the past week, a quote of mine in the media was interpreted as HP is exiting the public cloud, which is not the case." Reference Link
17:21 EDTGMGeneral Motors confirms raising quarterly dividend to 36c from 30c per share
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13:31 EDTGMDeath claims linked to GM ignition switches up to 84, WSJ reports
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12:58 EDTGMGM says it has resolved Bolt's technical challenges, Financial Times reports
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12:44 EDTGMFiat Chrysler interested in partnering with GM, Reuters says
Fiat Chrysler 9FCAU) CEO Sergio Marchionne is looking to make a "mega deal" before stepping down in early 2019 and has shown "particular interest" in partnering with GM(GM), according to Reuters. GM is strong in Asia, an area of weakness for Fiat Chrysler, while GM is looking to expand in Europe, the news service stated. Reference Link
07:16 EDTGMTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
06:07 EDTDALUS airline carriers accused of hypocrisy in subsidy debate, LA Times reports
American Airlines (AAL), Delta Air Lines (DAL) and United Airlines (UAL) have complained that Etihad, Emirates and Qatar Airlines have an unfair advantage due to the $42B in government subsidies received over the last decade, reports the Los Angeles Times. The U.S. carriers have asked federal officials to renegotiate an Open Skies agreement, although a new congressional report says that the U.S. airline industry benefited from $155B in support from the U.S. government from 1918 to 1999. Reference Link
April 12, 2015
16:46 EDTSTXIntel, Seagate may rise despite potentially weak earnings reports, Barron's says
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14:23 EDTGNWPE firm JC Flowers said to eye Genworth division, Sky News says
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