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Stock Market & Financial Investment News

News Breaks
December 19, 2012
12:58 EDTONTY, MKL, NAV, FDX, RGR, ALTE, ATU, GM, BTH, SWHC, GIS, ORCLOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Nasdaq a bit higher and the Dow and S&P modestly lower. The averages remained in a narrow trading range this morning, as investors await movement in the ongoing fiscal cliff negotiations, with Obama continuing to take an oppositional but hopeful tone in a press conference this afternoon... ECONOMIC EVENTS: In the U.S., housing starts slid 3.0% in November to a 861,000 start rate, versus the expected 872,000. However, building permits rose 3.6% month over month to a 899,000 rate, versus the expected 875,000. In Europe, German business confidence increased for a second month in December, as indicated by the Ifo Business Climate Index climbing to 102.4 from 101.4 in November. Also, S&P raised its rating on Greece to B-minus from selective default late Tuesday. In Asia, the World Bank forecast China’s economy to grow 7.9% this year but rebound to a growth rate of 8.4% in 2013... COMPANY NEWS: General Motors' (GM) stock rose about 8% after the company announced plans to buy back 200M shares held by the U.S. Treasury in a first step toward the government's full exit from its holding within the next 12 to 15 months. GM will pay $27.50 a share, or $5.5B total, and expects to close the deal to reduce the government's stake in the company to 19% from 26.5% by the end of this year... Among notable companies reporting earnings after the close last night or before today's open, Oracle (ORCL) advanced over 4% and FedEx (FDX) rose about 3%, while Actuant (ATU) declined more than 6%, Navistar (NAV) fell over 5% and General Mills (GIS) slid nearly 1%... UBS (UBS) agreed to pay about $1.5B in a settlement reached with American and British regulators over charges its traders conspired to manipulate the London Interbank Offered Rate, or LIBOR... MAJOR MOVERS: Among the notable gainers was Alterra Capital (ALTE), up 24% following its deal to be acquired by Markel (MKL) for $31 per share in stock and cash. Also higher were shares of Smith & Wesson (SWHC), up 9%, and Sturm, Ruger (RGR), up over 6%, after President Obama promised to pursue 'real reforms' to gun control laws but also defended the right to bear arms as granted by the 2nd amendment. Among the noteworthy losers was Oncothyreon (ONTY), down over 54% after its lung cancer drug missed its endpoint in a study. Also lower were shares of Blyth (BTH), which rose early in the session but then reversed to be down 9% near midday after increasing its ownership in ViSalus to more than 80%... INDICES: In early afternoon trading, the Dow was down 22.33, or 0.17%, to 13,328.63; the Nasdaq was up 4.39, or 0.14%, to 3,058.92; and the S&P 500 was down 1.40, or 0.10%, to 1,445.39.
News For GM;FDX;ORCL;ATU;NAV;GIS;ALTE;MKL;SWHC;RGR;ONTY;BTH From The Last 14 Days
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January 14, 2015
15:33 EDTGMGeneral Motors reports 2014 deliveries up 2% to 9.92M vehicles
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09:26 EDTGMGeneral Motors says pricing 'quite aggresively' to offset forex in Russia
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09:24 EDTGMGeneral Motors CFO says 'confident' in ability to raise dividends in future
General Motors' Stevens says "mindful" of potential need to use significant cash in 2015 on legal matters and that its planning keeps that potential in mind. General Motors CFO Chuck Stevens is speaking at the Deutsche Bank Auto Industry Conference.
09:16 EDTGMOn The Fly: Pre-market Movers
HIGHER: ZIOPHARM (ZIOP), up 53% after the company and Intrexon (XON) announced a licensing agreement with University of Texas. Intrexon shares are also up 12%... GameStop (GME), up 10.6% after reporting holiday SSS, providing guidance for the fourth quarter and fiscal 2014, and being upgraded at Pacific Crest... Smith Micro (SMSI), up 12.7% after reporting preliminary fourth quarter revenue and providing revenue guidance for the first quarter and fiscal 2015... BioCryst (BCRX), up 3.2% after receiving a positive opinion on EMA orphan drug designation for BCX4161... GoPro (GPRO), up 1% following analyst remarks that sell-off after yesterday's report on Apple (AAPL) patent was "overdone." DOWN AFTER EARNINGS: JPMorgan (JPM), down 2.7%... Wells Fargo (WFC), down 2.2%... Banking peers down as well, with Bank of America (BAC) down 2.8% and Citi (C) down 2%. ALSO LOWER: Tesla (TSLA), down 9% following comments made by CEO Elon Musk at an automotive conference in Detroit regarding a slowdown in China... New Media (NEWM), down 4.8% after 7M share spot secondary priced at $21.70... General Motors (GM), down 3% after giving 2015 guidance, saying it is on track to meet previously announced 2016 financial targets... Apple (AAPL), down 1% following lawsuit against Ericsson (ERIC) and countersuit filing.
08:03 EDTGMGeneral Motors to increase CapEx to $9B in 2015
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08:03 EDTGMGeneral Motors on track to meet previously announced 2016 financial targets
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08:02 EDTGMGeneral Motors sees adjusted EBIT and EBIT-adjusted margin to increase in 2015
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07:34 EDTGMDeutsche Bank to hold a conference
2015 Global Auto Industry Conference is being held in Detroit on January 13-15 with webcasted company presentations to begin on January 14 at 7:15 am; not all company presentations may be webcasted. Webcast Link
06:03 EDTORCLStocks with implied volatility below IV index mean; ORCL ARNA
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January 13, 2015
13:56 EDTGMGM open to partnering with Google on self-driving cars, Time says
GM (GM) would be open to having a discussion with Google (GOOG) about jointly developing self-driving cars, GM Chief Technology Officer Jon Lauckner said, according to Time Magazine. Reference Link
07:25 EDTGMNew NHTSA head says 2015 may see more recalls than record-setting 2014, WSJ says
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06:25 EDTORCLOracle settles legal dispute with Alibaba Health, WSJ reports
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January 12, 2015
14:36 EDTGMGeneral Motors to spend $12B to launch new Cadillac models, Bloomberg says
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11:58 EDTGMAlly Financial could see 20% of originations hit by GM changes, says Jefferies
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11:05 EDTGMGM receives 141 more claims for faulty ignition switch compensation, Reuters say
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10:34 EDTGISFood makers slip as Citi highlights headwinds with downgrades in space
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10:23 EDTORCLSAP jumps 3.5% after resuming trade following Q4 report
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07:35 EDTORCLNational Retail Federation to hold a trade show
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06:43 EDTORCLKurian seen by some as successor to Oracle's Ellison, Reuters says
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06:24 EDTGMGM plans to use lending arm for subsized leases in the U.S., WSJ reports
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