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Stock Market & Financial Investment News

News Breaks
March 21, 2014
16:56 EDTSCTY, NKE, FSLR, GM, TSLA, FDXStocks 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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April 15, 2015
09:35 EDTTSLAActive equity options trading on open
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06:52 EDTFSLRJapanese judge blocks relaunch of nuclear plants, NY Times says
A Japanese judge yesterday blocked the country's government from restarting two nuclear power plants, according to The New York Times. None of Japan's 48 reactors has been operating since the Fukushima disaster, and the judge's decision is potentially significant because it directly challenges the government's new nuclear safety standards, the newspaper stated, adding that the two affected reactors may not reopen for months or even years. Cameco (CCJ) develops uranium used by nuclear plants. Solar energy companies whose products may be used to supplement nuclear power in Japan include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
April 14, 2015
18:07 EDTGMGeneral Motors seeks to cut costs via longer term supply contracts, WSJ says
General Motors’ new purchasing chief said the company is trying to lock in its supplier contracts for a term covering two vehicle generations, or as long as a decade, in a bid to cut costs and gain access to advanced technology, The Wall Street Journal reports. Reference Link
16:25 EDTNKEPiper upgrades Nike to buy following survey of teens
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16:06 EDTNKENike upgraded to Overweight from Neutral at Piper Jaffray
09:37 EDTFDXPlug Power says FedEx rolling out GenDrive powered cargo tuggers
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09:35 EDTTSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
08:40 EDTTSLASeveral signs suggest Apple may build a car, says Bernstein
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07:10 EDTFDXAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
April 13, 2015
17:21 EDTGMGeneral Motors confirms raising quarterly dividend to 36c from 30c per share
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16:01 EDTTSLAOptions Update; April 13, 2015
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13:59 EDTFSLRChina looking to deploy solar power station in space, Business Insider says
China intends to deploy a solar power station in space in 2020, according to Business Insider. Expected to orbit Earth, the station is supposed to utilize over six square kilometers of solar panels, the website stated. However, a few logistical problems must be solved, including the fact that current rockets do not have nearly enough power to propel a station of that magnitude into space, Business Insider added. Publicly traded Chinese solar companies include Canadian Solar (CSIQ), JA Solar (JASO), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
13:31 EDTGMDeath claims linked to GM ignition switches up to 84, WSJ reports
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12:58 EDTGMGM says it has resolved Bolt's technical challenges, Financial Times reports
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12:44 EDTGMFiat Chrysler interested in partnering with GM, Reuters says
Fiat Chrysler 9FCAU) CEO Sergio Marchionne is looking to make a "mega deal" before stepping down in early 2019 and has shown "particular interest" in partnering with GM(GM), according to Reuters. GM is strong in Asia, an area of weakness for Fiat Chrysler, while GM is looking to expand in Europe, the news service stated. Reference Link
09:34 EDTTSLAActive equity options trading on open
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08:32 EDTNKEUnder Armour rises after Spieth brings attention to golf gear
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08:14 EDTSCTYSolarCity announces partnership with Nest Labs
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07:16 EDTGMTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
April 12, 2015
13:45 EDTFDXUPS to invest $1.06B in Europe expansion, Reuters says
According to a report in German magazine Wirtschaftswoche, UPS (UPS) plans to invest over $1B in Europe to expand its package delivery network, says Reuters. Last week UPS rival FedEx (FDX) announced its intention to acquire TNT Express (TNTEY) for EUR 8.00 per share. Reference Link
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