New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on GM;F;TM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
August 15, 2014
13:10 EDTGMGM issues recall due to faulty seat hook bracket assembly
Subscribe for More Information
13:06 EDTTMGulf States Toyota recalls certain model year Tundras
Subscribe for More Information
06:29 EDTGMGM recalls certain model year 2014 Chevrolet Impalas
Subscribe for More Information
06:28 EDTFFord issues recall due to potentially faulty halfshaft
Ford is recalling certain model year 2012-2014 Ford Edge and Lincoln MKX vehicles manufactured September 2, 2010, to November 30, 2013; 2013-2014 Ford Taurus and Lincoln MKS vehicles manufactured August 25, 2011, to November 30, 2013; and 2013-2014 Ford Flex and Lincoln MKT vehicles manufactured September 12, 2011, to November 30, 2013. In the affected vehicles, the halfshaft retention circlip may not have been properly installed, and as a result, the halfshaft may move outward and disengage from the linkshaft while driving and without prior warning. If the halfshaft and linkshaft become disengaged while driving, power will no longer be transmitted to the wheels, increasing the risk of a vehicle crash. Additionally, if the parking brake is not applied before exiting the vehicle, the vehicle may roll away despite the transmission being placed in "park'," increasing the risk of injury to exiting occupants and bystanders. Ford will notify owners, and dealers will inspect the vehicles to make sure that the halfshaft is properly retained. If it is not, dealers will replace the linkshaft and also replace the halfshaft if it shows evidence of spline damage, free of charge. The recall is expected to begin by August 29. Reference Link
August 14, 2014
17:27 EDTGMAppaloosa gives quarterly update on stakes
Subscribe for More Information
17:16 EDTGMPaulson & Co gives quarterly update on stakes
Subscribe for More Information
16:54 EDTGMBerkshire Hathaway gives quarterly update on stakes
Subscribe for More Information
12:46 EDTGMHayman Capital gives quarterly update on stakes
Subscribe for More Information
11:56 EDTGMGM planning to invest $2.8B in Brazil over 5-year period, Reuters reports
Subscribe for More Information
11:12 EDTGMGM executive says company in 'massive transformation,' WSJ says
Subscribe for More Information
10:05 EDTF, GMOn The Fly: Analyst Initiation Summary
Subscribe for More Information
August 13, 2014
16:16 EDTFFord initiated with a Neutral at Credit Suisse
Target $18.15.
16:07 EDTGMGeneral Motors initiated with an Underperform at Credit Suisse
Subscribe for More Information
10:02 EDTGMGeneral Motors invests $174M in new Lansing stamping facility
Subscribe for More Information
08:16 EDTFFord upgraded at Stifel
As previously reported, Stifel upgraded Ford to Buy from Hold. Thea analyst upgraded shares based on better than expected year-to-date trends, commentary that indicate the F-150 launch is on track, higher than expected Q2 North American margins, and a portfolio refresh cycle. Price target is $22.
07:24 EDTTMToyota DOJ compliance to be overseen by former U.S. attorney, Detroit News says
Subscribe for More Information
06:59 EDTFFord upgraded to Buy from Hold at Stifel
06:24 EDTGMGM says antitrust regulator approached China division, Reuters says
Subscribe for More Information
06:07 EDTGMOpel CFO expects to be profitable in Europe by mid-decade, Detroit News reports
Subscribe for More Information
06:04 EDTGMGM workers returning to Warren tech center after flooding, Detroit News reports
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use