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Stock Market & Financial Investment News

News Breaks
January 3, 2014
16:50 EDTGM, HLF, AAL, JBLU, UAL, DAL, RAD, FEYE, TM, HMC, F, SOn The Fly: Closing Wrap
Stocks on Wall Street were mixed in the second trading session of the year, with the Dow climbing, the Nasdaq falling, and the S&P 500 finishing virtually flat. Volume remained light, with snow in the northeast and the fractured holiday week perhaps keeping some market participants home. The averages traded in a modest range for much of the session, with commentary from some Fed members, including outgoing chairman Ben Bernanke, moving the markets in the final hour of trade. ECONOMIC EVENTS: In the U.S., the New York ISM fell to 63.8 in December from a prior reading of 69.5. Crude oil inventories fell by more than projected last week, drawing down by about 7M barrels. COMPANY NEWS: Automakers released their U.S. sales data for December, and among the notable reporters was General Motors (GM), which reported sales fell by over 6% during the month compared to last year and shares of the car-maker fell $1.38, or 3.37%, to $39.57 following the announcement. Ford (F) reported December sales grew by almost 2%, while Japanese manufacturers Honda (HMC) reported sales that rose 1.9% and Toyota (TM) saw sales drop 1.7%. Shares of computer-security firm FireEye (FEYE) gained $15.89, or 38.63%, to $57.02 after the company announced last night that it had bought privately held cybersecurity firm Mandiant in a deal valued at $1 billion. FireEye also raised its revenue outlook and analysts at Bank of America Merrill Lynch and JPMorgan increased their price targets on the stock. MAJOR MOVERS: Among the notable gainers was Rite Aid (RAD), up 43c, or 8.53%, to $5.47 after the company reported December same-store sales that rose 2.9%, with analysts at Deutsche Bank noting that this is the pharmacy's best growth in 21 months. Also higher was Delta (DAL), up $1.53, or 5.52%, to $29.23 after reporting that its Passenger Revenue per Available Seat Mile, or PRASM, was up 10% in December compared to the prior year. Delta's airline peers, including United Continental (UAL), up $2.22, or 5.88%, to $39.95, JetBlue (JBLU), up 45c, or 5.23%, to $9.05, and American Airlines (AAL), up $1.18, or 4.65%, to $26.54 also advanced. Among the noteworthy losers was Herbalife (HLF), down $2.74, or 3.43%, to $77.09 after the Federal Trade Commission announced it will hold a press conference next Tuesday to announce an initiative against "deceptive advertising of weight-loss products," though the FTC did not name the products or manufacturers it will target. Also lower was Sprint (S), down 46c, or 4.42%, to $9.94 after the stock was cut to Sell from Hold at Stifel, which said it is skeptical of the company's near-term M&A prospects. INDEXES: The Dow was up 28.64, or 0.17%, to 16,469.99; the S&P 500 was down 0.61, or 0.03%, to 1,831.37; the Nasdaq was down 11.16, or 0.27%, to 4,131.91.
News For GM;F;HMC;TM;FEYE;RAD;DAL;UAL;JBLU;AAL;HLF;S From The Last 14 Days
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October 14, 2014
06:15 EDTFFord downgraded to Neutral from Buy at Goldman
Goldman downgraded Ford to Neutral citing lack of near-term catalysts and less balance sheet optionality. Price target lowered to $17 from $21.
05:34 EDTTMToyota reports September global hybrid sales surpassed 7M unit mark
Toyota announced global hybrid sales surpassed the 7M unit mark in September. Toyota achieved this latest million-unit hybrid milestone at the record pace of nine months. Including hybrid vehicles launched this year, Toyota will introduce at total of 15 new hybrids globally through 2015. Hybrids launched this year comprise the Lexus Voxy Hybrid and Noah Hybrid in Japan only, and the Lexus NX 300h. This month Toyota will introduce the Lexus RC 300h. Toyota plans to continue expanding its hybrid lineup and increase the number of countries and regions where it sells hybrid vehicles.
October 13, 2014
15:13 EDTUALUnited Continental resumes its sharp drop, levels to watch
The shares are now down over 9.3% to $39.65, down on heavy volume. Support is at $38.62 and then at $36.65 which is the 6-month low. Resistance is at $40.98.
15:13 EDTUALUnited Continental volatility increases as trend lower
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15:12 EDTDALDelta Air Lines volatility increases as shares trend lower
Delta Air Lines October call option implied volatility is at 94, November is at 68, December is at 51; compared to its 26-week average of 38 according to Track Data, suggesting large near term price movement.
12:10 EDTGMGM lawyer says 27 people eligible for ignition switch compensation, AP reports
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11:20 EDTDALStocks with call strike movement; FSLR DAL
First Solar (FSLR) January 65 call option implied volatility increased 4% to 54, Delta Air Lines (DAL) January 36 call option implied volatility increased 8% to 47 according to IVolatility.
11:00 EDTFFord adding 850 more jobs at Ford Rouge Center to build new F-150
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10:28 EDTUALUnited Continental falls sharply, levels to watch
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10:23 EDTFFord to hire 850 workers for Dearborn Rouge factories, WSJ says
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10:20 EDTHMCHonda to recall 43,000 Acuras in US to fix seat belts, Reuters reports
Honda is recalling 43,000 Acura luxury models in the United States to fix faulty seat belts, reports Reuters. Honda said the 2014-2015 models may have seat belts that do not release from the retracted position in very low temperatures. No reports of accidents or injuries related to the issue. Reference Link
10:08 EDTRADOn The Fly: Analyst Initiation Summary
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09:23 EDTFEYEHP could buy lower valuation company, says Bernstein
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09:01 EDTHLFHerbalife moving distributor websites to central control, NY Post reports
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07:47 EDTRADRite Aid initiated with a Market Perform at Cowen
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07:15 EDTJBLUNational Association of Corporate Directors to hold a conference
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07:02 EDTFFord and Carfax expand partnership
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06:44 EDTHMC, F, GM, TMRegulators seeking banks' auto loan data, Reuters reports
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October 12, 2014
17:34 EDTFEYEJPMorgan to double spending on cybersecurity over next five years, WSJ says
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17:21 EDTGMTesla ahead of other car makers on semiautonomous driving system, WSJ says
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