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Stock Market & Financial Investment News

News Breaks
March 21, 2014
16:56 EDTGM, NKE, FDX, FSLR, SCTY, TSLAStocks close the week higher, Fed continues taper
Stocks on Wall Street finished the week higher after tensions appeared to ease somewhat regarding the situation in Ukraine, as the Federal Reserve announced it would taper its monthly rate of asset purchases by another $10B. MACRO NEWS: The Federal Reserve further reduced its pace of asset purchases by $10B per month, as it did at its previous two meetings, while also keeping benchmark interest rates between 0%-0.25%. In her first press conference as Fed Chair on Wednesday afternoon, Janet Yellen suggested that the Fed could begin to increase interest rates six months after it concludes asset purchases, which spooked markets and sent the indexes to their worst daily performance of the week... Earlier this week, Russian President Vladimir Putin said Russia had no intention of invading other parts of Ukraine following its annexation of Crimea, which aided in the indexes enjoying something of a relief rally early in the week... U.S. economic data reported this week, including industrial production and weekly jobless claims for February, came in better than expected. COMPANY NEWS: General Motors (GM) started the week with an announcement of new recalls involving about 1.5M vehicles, which would result in a $300M charge in the carmaker's first quarter. Despite the negative headlines, shares of GM closed the week up about 2.5% to close at $35.01... Two solar names, First Solar (FSLR) and Solar City (SCTY), saw shares go in different directions for the week. First Solar gave profit and sales outlooks for its fiscal years 2014 through 2016 at an analyst day presentation, and shares of the company finished the week up more than 30% to $73.37. Solar City, which is chaired by Tesla Motors (TSLA) CEO Elon Musk, saw its shares tumble after its first quarter outlook disappointed and the company said certain of its prior financial statement should no longer be relied upon... Dow member Nike (NKE) reported earnings that beat on both the top and bottom lines, but the athletic footwear and apparel maker said the devaluation in some emerging market currencies is likely to impact its reported sales, gross margin, and profit in its fiscal 2015, and shares of the company fell about 5% following the news. FedEx (FDX) also reported earnings earlier this week, with the shipping major's third quarter results missing analysts' expectations as the company said severe winter weather impacted results. INDEXES: The Dow was up 1.5% to 16,302.77, the S&P 500 was up 0.8% to 1,866.52, and the Nasdaq was up 1.4% to 4,276.79.
News For GM;NKE;FDX;FSLR;SCTY;TSLA From The Last 14 Days
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October 7, 2014
08:26 EDTGMGM recalls 46,873 vehicles from 2008-2013, including Chevrolet Caprice
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08:10 EDTGMGeneral Motors estimates lowered, price target to $27 at Morgan Stanley
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06:43 EDTGMGM using Facebook, calls to reach out and get recalled cars fixed, AP reports
General Motors (GM) is using Facebook (FB) messages and phone calls to reach out to vehicle owners who have yet to bring in their cars the company has recalled, reports the Associated Press. CEO Mary Barra has also sent a personal letter urging people to get the switches replaced. Reference Link
06:35 EDTTSLAPanasonic says Tesla plant stake worth 'tens of billions' of yen, Reuters says
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October 6, 2014
18:16 EDTTSLATesla VP of Communications to leave company, WSJ reports
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16:44 EDTGMMoody's downgrades General Motors credit facility to Baa3; Outlook stable
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16:00 EDTTSLAOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
14:49 EDTTSLATesla looking to sell used Model S vehicles, Automotive News says
Tesla is working on an initiative to sell its Model S vehicles secondhand, Automotive News reported last night. The news was confirmed by a company spokesman, the website stated. Reference Link
13:38 EDTTSLATesla speculated to announce auto-driving features Thursday, WSJ reports
Tesla is expected to reveal new features that enable more computer controlled driving of the Model S sedan on Thursday, The Wall Street Journal reports, citing a person familiar with the matter. Reference Link
13:15 EDTSCTYSolarCity slumps along with peers, levels to watch
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11:53 EDTFSLRGT issues company specific, solar sell-off unwarranted, says Northland
Northland said it believes GT Advanced's (GTAT) bankruptcy filing is company specific and related to its non-solar opportunities and that the sell-off in other solar industry stocks after this news is unwarranted. Publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). The firm also confirmed that GT is a customer of Ultra Clean (UCTT) and that some of its growth potential with the GT may be muted near-term, but points out that the company required a full prepayment for its prior work with GT.
11:41 EDTFSLRSolar companies sink after GT Advanced declares bankruptcy
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09:51 EDTGMGeneral Motors recalls Chevrolet Sparks due to hood latch defect
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09:37 EDTTSLAActive equity options trading on open
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08:38 EDTTSLATesla volatility flat into October 9 announcement
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08:36 EDTSCTYSolarCity shares attractive after pullback, says Roth Capital
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07:41 EDTTSLAToyota hydrogen plans knocked by heads of Nissan, Daimler, WSJ says
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07:12 EDTFDXThe MedTech Conference holds a conference
AdvaMed 2014 is being held in Chicago on October 6-8.
06:30 EDTFDXFedEx confirms, responds to Kansas Supreme Court decision
FexEx confirmed the Kansas Supreme Court issued a decision finding that a class of mostly former contractors in the state of Kansas should be considered employees under the Kansas Wage Payment Act, contrary to previous rulings by the United States District Court for the Northern District of Indiana. The decision applies to those independent contractors operating in Kansas from 1998-2007. The model that the court reviewed is no longer in use. FedEx said, "We fundamentally disagree with this ruling and are committed to protecting the rights of thousands of independent business owners to continue owning and operating their own businesses. More than 100 state and federal decisions – including that of the U.S. Court of Appeals for the D.C. Circuit – have upheld our contractual relationships with independent businesses. At this time we are considering available options in response to the court’s decision."
06:07 EDTNKEStocks with implied volatility below IV index mean; LULU NKE
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