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Stock Market & Financial Investment News

News Breaks
June 6, 2012
09:17 EDTJCI, HMC, GM, AONE, F, TM, NSANYChina reduces taxes on more clean vehicles, Xinhua reports
China announced that it would reduce taxes by 50% on 64 additional types of clean energy cars, according to Xinhua. Fees for users of seven types of electric vehicles will be waived, the news service added. The new vehicles will be added to a list of 200 clean energy vehicles that were declared eligible for tax breaks in March, Xinhua explained. Reference Link
News For GM;NSANY;F;HMC;TM;AONE;JCI From The Last 14 Days
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May 22, 2013
07:46 EDTFFord shares could rise 50% over next two years, Barron's says
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05:36 EDTFFord raises N American capacity by 200K units, reduces summer shutdown, adds jobs
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May 21, 2013
16:04 EDTFOptions Update; May 21, 2013
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09:33 EDTFBloomberg LINK to host a summit
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07:32 EDTGMCTIA–The Wireless Association to host a conference
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06:17 EDTF, GMDetroit automakers rebound as style sells, Bloomberg reports
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May 20, 2013
15:11 EDTGMGM marketing push set for new pickups, Reuters says
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08:59 EDTGMGeneral Motors price target raised to $43 from $34 at Argus
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06:01 EDTGM, FImported car prices in China decline, Bloomberg reports
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05:35 EDTFFord Fusion Energi earns top vehicle safety rating from NHTSA
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May 19, 2013
14:28 EDTNSANYNissan expands in Japan minicar market, Bloomberg reports
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May 17, 2013
16:00 EDTFOptions Update; May 17, 2013
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10:17 EDTGMGM jumps above IPO level after CLSA boosts rating
Shares of GM (GM) are advancing after CLSA analyst Emmanuel Rosner upgraded the stock to Buy from Underperform in a note to investors earlier today. WHAT'S NEW: GM should benefit from improved profitability in North America in the second half of 2013 and 2014, reduced losses in Europe, and stabilized profit margins in China, Rosner wrote. In North America, the automaker's profitability should be boosted by higher prices in the second half of this year, and by the full rollout of its K2XX trucks in 2014, the analyst believes. GM's first quarter results in Europe indicated that it is "making encouraging progress in reducing losses" there, the analyst wrote. As a result, he has increased confidence that GM Europe's loss will drop to about $1B this year from $1.9B last year. In China, GM's emphasis on the Cadillac should enable the company to keep its margins, which had been in a downward trend, from falling this year, the analyst contended. Rosner has a $48 price target on GM's stock. TODAY'S PRICE ACTION: In early trading, GM rose 60c, or 1.9%, to $33. WHAT'S NOTABLE: GM's IPO price was $33, and the stock has reached that level again today.
10:07 EDTGMOn The Fly: Analyst Upgrade Summary
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05:39 EDTGMGeneral Motors upgraded to Buy from Underperform at CLSA
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May 16, 2013
12:36 EDTFFord sued over alleged engine defects, Automotive News says
Three vehicle owners are suing Ford over alleged defects in the automaker's six-cylinder EcoBoost engine.according to Automotive News. The plaintiffs allege that the engine had defects that caused the vehicle to "shake, misfire and rapidly lose power," the website stated. Reference Link
10:03 EDTFOn The Fly: Analyst Upgrade Summary
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08:16 EDTFFord upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum upgraded Ford following checks that indicate European production has bottomed, which removes an overhang. The firm believes investors will focus on strong North American results and an improved balance sheet. Price target raised to $18 from $15.
05:55 EDTF, GMPickup truck sales are booming, WSJ reports
Pickup truck buyers are no longer on the sidelines as they return to dealer showrooms, offering millions of dollars in profit and potentially lifelong brand loyalty to Ford (F), GM (GM) or Chrysler Group (FIATY) and rivals, reports the Wall Street Journal. Sales of large pickups are up 20% for the first four months of this year compared with a year ago, bigger gains than in small cars or midsize cars, according to Autodata CorpReference Link
May 15, 2013
16:02 EDTJCIJohnson Controls names Kim Metcalf-Kupres CMO
Johnson Controls announced that Kim Metcalf-Kupres has been elected to the newly-created position of VP and chief marketing officer. She will report to Alex Molinaroli, vice chairman.
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