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Stock Market & Financial Investment News

News Breaks
March 21, 2014
16:56 EDTTSLA, FDX, SCTY, NKE, FSLR, GMStocks 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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June 25, 2015
11:15 EDTNKENike technical comments before earnings news
The shares are trading close to life highs ahead of earnings, last at $105.47 against that high at $107.45. On strongly bullish news the stock would likely exceed that high by good measure, putting the $110 to $115 area into play as potential upside. If the news is a bearish disappointment, the first support level of significance is at the 50-day moving average at $94.08. A move down to that level would only be a test of support. It would take a move that broke the 50-day to turn the long-term trend to bearish.
10:01 EDTGMTrueCar Tprjects retail auto sales to consumers up 7.9% in June
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09:18 EDTGMGeneral Motors expects FY15 ETR-Adj. to be in mid-20% range
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07:23 EDTGMHouse Energy & Commerce Committee to hold a hearing
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07:12 EDTTSLAAfter surveying 145 car owners, Jefferies raises Tesla price target
Jefferies analyst Dan Dolev raised his price target for Tesla shares to $360 from $350 after surveying 145 owners of the company's electric cars. The stock closed yesterday down $2.50 to $265.17. On average, owners were willing to pay 60% more for a Tesla, which suggests a much larger total addressable market when the lower priced Model III is introduced in 2017, Dolev tells investors this morning in a research note. Further, the survey highlighted "exceptional" brand loyalty, with 85% noting that their next car would be a Tesla, the analyst writes. Dolev upped his 2020 production estimate from 515K cars from 500K and keeps a Buy rating on Tesla.
06:00 EDTTSLATesla implied volatility of 29 at lower end of index mean range
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June 24, 2015
18:57 EDTGMFiat Chrysler CEO 'very far' from pressuring GM investors, Reuters says
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11:18 EDTGMGeneral Motors to host conference call
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10:27 EDTGMGeneral Motors slips to session lows, levels to watch
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10:00 EDTGMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Sell from Neutral at Goldman... Catamaran (CTRX) downgraded to Neutral from Buy at UBS... Citi (C) downgraded to Hold from Buy at Deutsche Bank... Esperion (ESPR) downgraded to Neutral from Outperform at Credit Suisse... Fortinet (FTNT) downgraded to Neutral from Buy at Citi... General Motors (GM) downgraded to Neutral from Buy at Goldman... Goldman Sachs (GS) downgraded to Hold from Buy at Deutsche Bank... IBERIABANK (IBKC) downgraded to Neutral from Outperform at Baird... Independent Bank (INDB) downgraded to Underperform from Neutral at Baird... Inphi (IPHI) downgraded to Market Perform from Outperform at Northland... MoneyGram (MGI) downgraded to Neutral from Outperform at Macquarie... Sensata (ST) downgraded to Hold from Buy at Cross Research... Teradyne (TER) downgraded to Buy from Conviction Buy at Goldman... Alcobra (ADHD) downgraded to Hold from Speculative Buy at WBB Securities.
09:35 EDTTSLAActive equity options trading on open
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06:43 EDTGMGeneral Motors volatility low into downgrade to Neutral from Buy at Goldman
General Motors July call option implied volatility is at 17, August and September is at 19; compared to its 52-week range of 17 to 38, suggesting decreasing price movement into Goldman downgrade to Neutral and lowered its price target to $40 from $47 due to a weakness in China and softening US profit momentum.
06:27 EDTGMGeneral Motors downgraded to Neutral from Buy at Goldman
Goldman downgraded General Motors (GM) to Neutral and lowered its price target to $40 from $47 due to a weakness in China and softening US profit momentum. The firm's recent dealer visits in China indicate increased promotional activity and net price deterioration to support Shanghai GM JV product sales. Goldman said this, combined with margin pressure, will likely lead to a reduction in China guidance. For North America, the firm said Q1 carryover product pressure has extended into Q2 and could be pressured further with full availability of Ford's (F) F-150 heading into 2H 2015.
06:09 EDTNKEOptions expected to be active
Options expected to be active: NFLX SYY MU MON NKE BBBY LEN NBG GREK
June 23, 2015
17:44 EDTGMGoldman ups Ford to Buy, cuts GM to Neutral
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17:27 EDTGMGeneral Motors downgraded to Neutral from Buy at Goldman
11:39 EDTTSLAStocks with call strike movement; TSLA MU
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08:26 EDTNKENike June weekly volatility increases into Q4 and growth outlook
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07:11 EDTNKENike bar high into Thursday's Q4 results, says Deutsche Bank
Deutsche Bank says that with shares up 11% year-to-date and at all-time highs, the bar is high into Nike's Q4 results on Thursday. The firm raised its Q4 earnings estimate to 84c from 81c and keeps a Buy rating on the name with a $115 price target.
05:30 EDTFSLRFirst Solar modules to power 200 MW solar PV project in Dubai
First Solar announced that it has signed an agreement to supply its high performance photovoltaic, or PV, modules to power the 200 MW AC second phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, the United Arab Emirates.
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