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Stock Market & Financial Investment News

News For GM;FDX;ORCL;GIS;RMCF;BTH;KCG;NAV;AA;ONTY From The Last 14 Days
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December 16, 2014
15:11 EDTFDXFedEx technical comments ahead of results
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12:55 EDTORCLOracle December volatility increases into Q2 and outlook
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12:26 EDTNAVOn The Fly: Midday Wrap
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09:59 EDTGMOn The Fly: Analyst Downgrade Summary
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09:45 EDTFDXFedEx provides short-term trade opportunity, says Bernstein
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08:04 EDTAAAlcoa Q4 EPS should beat expectations, says Stifel
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08:03 EDTORCLUnisys names Peter Altabef as new CEOOracle
Unisys Corporation (UIS) announced that it has named Peter Altabef as President and CEO, effective January 1, 2015. At that time Altabef also will join the company's board of directors. Altabef was most recently President and CEO of MICROS Systems from January 2013 until the completion in September 2014 of its acquisition by Oracle (ORCL). Paul Weaver, currently interim Chairman of the Unisys board, will become Chairman, effective January 1, 2015.
07:30 EDTGMGeneral Motors retreats in pre-market after analyst downgrades shares
GM shares are falling in pre-market trading after RBC Capital downgraded the stock to Sector Perform from Outperform, citing weak auto trends in North America and overly optimistic targets by the company. WHAT'S NEW: In North America, GM will face slowing demand, negative pricing trends, and higher regulatory and content costs, RBC Capital analyst Joseph Spak wrote in a note to investors today. The company's target for 10% profit margins in North America appears to be optimistic, given competition from the major Japanese automakers, which are benefiting from yen weakness, the analyst stated. Similarly, GM's Cadillac sales targets also seem ambitious, as it faces competition from German competitors that are in a strong position in North America and have a foothold in China, according to Spak. The analyst reduced his price target on the stock to $35 from $41. PRICE ACTION: In early pre-market trading, GM fell nearly 1% to $30.75.
07:22 EDTNAVNavistar sees FY15 retail Class 6-8 deliveries of 350K-380K in U.S./Canada
Navistar forecasts retail deliveries of Class 6-8 trucks and buses in the United States and Canada will be in the range of 350,000 units to 380,000 units for FY15. "We continue to make the necessary changes to improve the company and we're entering 2015 in a much stronger position than we were one year ago. We've restructured our core North American business, have the right products in place, and established the right leadership team. We are well-positioned to meet our 8-10 percent EBITDA margin run rate target exiting 2015," said Troy A. Clarke, Navistar president and CEO.
07:20 EDTNAVNavistar sees Q1 adjusted EBITDA $0M-$50M
Navistar sees Q1 adjusted EBITDA of $0M-$50M, excluding pre-existing warranty and one-time items. Sees Q1 manufacturing cash, cash equivalents and marketable securities between $700M-$800M.
07:19 EDTNAVNavistar reports Q4 EPS with items (88c), consensus 15c
Reports Q4 revenue $3.01B, consensus $3.02B. Reports Q4 EBITDA of $66M, which included $60M of restructuring, impairments and other charges partially offset by a $10M favorable adjustment in pre-existing warranty. As a result, adjusted Q4 EBITDA was $116M, which was within the company's Q4 guidance. The company reported a 23% year-over-year increase in chargeouts for Class 6-8 trucks and buses in the United States and Canada. End-of-year order backlog for Class 6-8 trucks was up 24% year-over-year.
06:33 EDTGMGeneral Motors downgraded to Sector Perform from Outperform at RBC Capital
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06:02 EDTAAAlcoa implied volatility of 46 at upper end of index mean range
December 15, 2014
17:03 EDTFDXFedEx announces acquisition of GENCO
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15:36 EDTNAVNavistar December 36 straddle priced for 6.2% movement into Q4
15:21 EDTNAVNotable companies reporting before tomorrow's open
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13:16 EDTGMUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website 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
11:30 EDTGMGeneral Motors management to meet with Sterne Agee
Meeting to be held in New York on December 19 hosted by Sterne Agee.
10:00 EDTORCLOn The Fly: Analyst Upgrade Summary
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09:38 EDTAAActive equity options trading
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