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Stock Market & Financial Investment News

News Breaks
February 13, 2013
12:44 EDTGMEarnings Preview: General Motors sentiment positive ahead of Q4 results
General Motors Company (GM) is expected to report Q4 earnings on Thursday, February 14 before the market open with a conference call scheduled for 10:00 am ET. General Motors is a global designer and builder of cars, trucks and automobile parts... EXPECTATIONS: Analysts are looking for EPS of 51c on revenue of $39.14B, according to First Call. The consensus range for EPS is 36c-71c on revenue of $37.94B-$41.42B... LAST QUARTER: GM reported Q3 adjusted EPS of 85c against estimates for 60c on revenue of $37.6B against estimates for $35.71B. On its Q3 earnings report, GM CEO Daniel Akerson said the quarter was "solid in almost all respects," however European weakness was expected to impact business for several years. Management anticipated a 2,600 headcount reduction in Europe for 2012, with future reductions pegged to overall demand. On January 3, the company said 2013 industry sales should rise to 15M-15.5M units due to a strong finish to 2012, industry momentum, and the overall health of the U.S. economy... STREET RESEARCH: Street research has been overwhelmingly positive in the weeks leading up to GMs Q4 earnings report. On February 13, Buckingham reiterated its Buy rating on GM, expecting it to beat consensus estimates based on strong performance in North America, GMSA, and GMIO. On December 24, GM was reinstated with a Buy rating and a target price of $35 at Goldman Sachs. On November 1, Craig Hallum upgraded GM to a Buy from a Hold based on cheap valuation and new vehicle redesigns. The firm raised its price target on the shares to $30... PRICE ACTION: GM shares have rallied approximately 20% since Q3 results were released in late October, making a fresh 52-week high of $30.68 in January. Since making a 52-week low of $18.72 in July of last year, the stock is up about 53%. In early afternoon trading ahead of Thursday's Q4 report, GM is essentially flat.
News For GM From The Last 14 Days
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August 27, 2014
12:55 EDTGMGM ignition switch fund has received 107 death claims, Reuters reports
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11:48 EDTGMGM invests $233M for new engines; to build Cadillac SRX in Spring Hill
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11:26 EDTGMGM moving Cadillac SRX production to Tennessee plant from Mexico, WSJ says
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August 26, 2014
12:39 EDTGMGM recalls Buick Regals, Chevrolet Malibus due to signal defect
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12:37 EDTGMGM recalls vehicles for potential steering defect
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06:42 EDTGMCCI charges automakers $420M for anti-competitive tendencies, Reuters says
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06:05 EDTGMGM's compensation fund receives 100 claims for deaths, Detroit News reports
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August 24, 2014
17:07 EDTGMGM considers delay in expansion of Russian plant, WSJ says
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August 22, 2014
11:04 EDTGMGM assessing timing of facility development in Russia, Reuters says
GM said that it was assessing the timing of the planned development of its Russian facility close to St Petersburg due to a decline in the automobile market in the country, according to Reuters, citing comments from a company spokesman. The spokesman said, "In view of the current business situation in Russia and the lower sales volumes since the start of the year, we are taking a close look at our plans. Reference Link
06:54 EDTGMChrysler to not replace Ram steel body panels until 2020, Reuters says
Fiat's (FIATY) Chrysler is aiming to redesign its full-size Ram 1500 pickup trucks beginning in three years, but the car manufacturer has no definitive goals to follow competitors GM (GM) and Ford (F) in using aluminum body panels instead of steal until a finalized overhaul happens after 2020, according to Reuters, citing industry sources. Reference Link
06:07 EDTGMProsecutors investigating GM's legal department, WSJ reports
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August 21, 2014
13:52 EDTGMCadillac mulls expanding offices to Manhattan, Reuters says
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07:18 EDTGMChina considering new anti-trust rules for auto sector, China Daily says
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06:21 EDTGMGM product chief thinks Google might become 'threat,' Bloomberg says
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06:08 EDTGMGM launches new round of discounts for Labor Day weekend, WSJ reports
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August 19, 2014
09:41 EDTGMGM recalls Silverados, Sierras equipped with auxiliary battery
GM is recalling certain model year 2007-2011 Chevrolet Silverado HD 2500/3500 trucks manufactured January 18, 2007, to June 22, 2011, and GMC Sierra HD 2500/3500 trucks manufactured January 22, 2007, to June 21, 2011, and equipped with an auxiliary battery. Owners may unknowingly draw too much current through the vehicle's trailer harness resulting in the melting of fusible link for the auxiliary battery. If the fusible link melts it may come into contact with adjacent components, damage the electrical center cover, the nearby wiring harness conduit and other vehicle components, increasing the risk of a fire. GM will notify owners and dealers will replace the jumper harness with one that includes a 40 amp inline fuse, and provide the owner with supplemental Owner Manual information, free of charge. The manufacturer has not yet provided a notification schedule. Reference Link
09:38 EDTGMGM recalls cars equipped with Calix oil pan, block heater
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08:02 EDTGMBorgWarner supplies solenoid technology for General Motors' GF6
BorgWarner (BWA) supplies its mini direct-acting variable force solenoid for General Motors' (GM) global front-wheel drive 6-speed automatic transmission program, or GF6.
August 18, 2014
13:01 EDTGMFord, Chevrolet launching incentives earlier than usual, Autmotive News says
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07:37 EDTGMReport says Russia may bar car imports if new sanctions enacted, Reuters says
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