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Stock Market & Financial Investment News

News Breaks
January 3, 2014
12:54 EDTTM, F, GMGeneral 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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November 21, 2014
08:14 EDTGM, F, TMHonda warned Takata on airbags years before recalls, WSJ reports
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November 20, 2014
14:47 EDTF, GMMobileye sinks despite better than expected revenue, outlook
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09:10 EDTGMGeneral Motors sued by Arizona over recalls, NY Times says
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07:57 EDTTM, F, GMIIHS crash tests results for minivans 'one of the worst', CNBC says
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07:11 EDTTMBofA/Merrill to hold a conference
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November 19, 2014
07:35 EDTFBarclays to hold a conference
Global Automotive Conference is being held in New York on November 19-20.
06:51 EDTTM, GM, FRegulators push automakers for wider airbag recall, NY Times says
The National Highway Traffic Safety Administration urged automakers to recall all U.S. vehicles with airbags made by Takata, according to The New York Times. The recall of of vehicles with the airbags has been limited to two states and two territories associated with high humidity, the newspaper stated. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
November 18, 2014
17:37 EDTGM, F, TMNHTSA wants 'millions of vehicles' recalled due to Takata air bags, CNBC reports
The National Highway Traffic Safety Administration, or NHTSA, is calling for a nationwide recall of "millions of vehicles" due to Takata air bags that could inflate with too much force and injure drivers, reports CNBC. The NHTSA stated that the agency will "use the full extent of its statutory powers" if the recall is not conducted quickly, CNBC added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
09:55 EDTFFord recalling 65,000 Fusion sedans in North America, Reuters reports
Ford is recalling 65,000 Fusions in North America, or about 56,500 in the U.S., 6,000 in Canada and 2,350 in Mexico, Reuters reports. The automaker is recalling the vehicles due to a programming fault that allows the key to be removed from the ignition even if the car is not in "park" 30 minutes after the ignition is off. No injuries or crashes have been reported as a result of this issue. For the latest breaking news, listen to Fly Radio
06:46 EDTTMToyota to sell fuel cell car in Japan in December, Reuters says
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November 17, 2014
14:17 EDTFFord wants to make electric vehicles for the masses, Yahoo reports
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12:59 EDTTMToyota experimenting with driverless car technology, Nikkei reports
Toyota is working on driverless car technology at its U.S. research centers in a move to develop "self-judging" vehicles that can avoid traffic accidents, the Nikkei reports. Reference Link
09:22 EDTFOn The Fly: Pre-market Movers
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06:07 EDTGMDeadline extended for GM compensation claims, AP reports
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November 16, 2014
19:58 EDTTMJapan's GDP contracts 1.6% in third quarter, WSJ says
Japan's economy has slumped into a recession in the third quarter as a sales tax increase resulted in firms cutting inventory and capital investment, says the Wall Street Journal. According to the Wall Street Journal report, Japan's real GDP in Q3 retreated 1.6% on an annualized basis against a median forecast for a 2.25% expansion. The setback in the country's growth will likely result in Prime Minster Shinzo Abe postponing a second sales tax increase, added the Wall Street Journal. Reference Link
17:57 EDTFFord expands Ranger recall on additional Takata air bag defect, Bloomberg says
Ford has increased the scope of its Ranger pickup trucks recall after an incident in Malaysia alerted the car company of a defect in the Takata air bags that was not previously known, says Bloomberg. Reference Link
16:55 EDTFFord could rise 30% in a year, Barron's says
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November 14, 2014
17:13 EDTGMAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
16:39 EDTGMBerkshire Hathaway gives quarterly update on stakes
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07:32 EDTGMHayman Capital gives quarterly update on stakes
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