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Stock Market & Financial Investment News

News Breaks
January 3, 2014
12:54 EDTGM, F, TMGeneral Motors retreats after December sales decline
Shares of General Motors (GM) are lower after the auto maker reported that its U.S. sales had fallen 6.3% in December, versus the same period in 2012. WHAT'S NEW: GM stated earlier today that its U.S. auto sales had declined 6.3% to about 230,000 vehicles in December. The weather and a drop-off following strong sales in November both negatively impacted its December sales, the company said. Additionally, GM stated that a couple of its Japanese competitors had offered "aggressive" incentives to consumers last month. WHAT'S NOTABLE: The sales of GM's main domestic competitor, Ford (F), rose just 1.8% in December, versus the same period in 2012, to about 218,058 vehicles. Toyota (TM) saw its U.S. auto sales fall 1.7% to 190,843 units last month. ANALYST REACTION: In a note to investors, Buckingham analyst Joseph Amaturo recommended buying additional shares of GM at current levels, despite the decline in the company's December sales. GM's redesigned full-size trucks will significantly improve the company's earnings and cash flow in 2013 and 2014, the analyst contended. Another potential catalyst for GM is a possible announcement of a share buyback initiative by the company ,added the analyst, who kept a $50 price target and Buy rating on the shares. But Amaturo is not as upbeat on Ford, as he believes that the company could report weaker than expected 2014 results due to price declines in North America and weaker production of its F-series trucks. The analyst kept a $12 price target and Underperform rating on Ford, and recommended that investors rotate out of Ford and into GM. PRICE ACTION: In early afternoon trading, GM dropped nearly 3% to $39.75 and Ford gained 1% to $15.61.
News For GM;F;TM From The Last 14 Days
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October 22, 2014
11:33 EDTTMToyota exec aims to keep Takata despite airbag defect, Reuters says
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11:27 EDTFFord October weekly volatility elevated into Q3 and outlook
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10:14 EDTGMKyle Bass says would buy more GM shares at current levels
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10:08 EDTF, GMBass says General Motors taking back share from Ford
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10:05 EDTGMKyle Bass says General Motors still largest position
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06:24 EDTGM, F, TMNHTSA says over 6M cars involved in Takata airbag recalls
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October 21, 2014
13:32 EDTFFord lowers price of Focus Electric to $29,995 to spur interest, HybridCars says
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12:08 EDTGMGeneral Motors says supports Michigan House Bill 5606
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10:13 EDTGMGeneral Motors volatility elevated into Q3 and outlook
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10:00 EDTF, GMOn The Fly: Analyst Initiation Summary
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08:03 EDTFFord announces actions with respect to senior convertible notes due 2016
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06:26 EDTGMGeneral Motors initiated with a Neutral at Susquehanna
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06:25 EDTFFord initiated with a Neutral at Susquehanna
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October 20, 2014
11:53 EDTGMDeaths tied to faulty GM ignition-switch increases to 29, Reuters says
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10:32 EDTTMToyota recalls 247K vehicles equipped with faulty Takata air bags
Toyota Motor Sales, U.S.A. announced plans to conduct a supplemental safety recall of approximately 247,000 Toyota Corolla, Matrix, Sequoia, Tundra and Lexus SC vehicles produced from 2001 to 2004 and equipped with front passenger airbag inflators supplied by Takata Corporation. This action intensifies Toyota’s efforts to reach customers and remedy previously recalled vehicles, and a small number of newly included vehicles, in certain geographic areas that appear to warrant immediate action, based on testing by the supplier. Reference Link
08:22 EDTGMCourt rules GM loan docs valid despite mistake, Reuters reports
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06:09 EDTFFord expected to add over 300 new jobs at Dagenham plant, Guardian reports
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October 17, 2014
18:10 EDTGMGeneral Motors General Counsel Michael Millikin to retire in early 2015
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16:31 EDTGMGeneral Motors announces $12.5B revolving credit facility
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14:39 EDTFFord to hold a conference call
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