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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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October 23, 2014
10:02 EDTGMGeneral Motors reports Q3 global deliveries 2.45M
General Motors reports Q3 global deliveries 2.45M, relatively flat with 2.4M in prior year's quarter. Reports Q3 global market share of 11.5%, down from 11.6% in the same quarter of last year. Reports Q3 U.S. market share 17.3%, flat with prior year, China market share 15.2%, up from 14.4% in prior year, Europe market share 6.5%, down from 7.8% in prior year, and South America share 16.4%, down from 17.7% in prior year. Information from slides for Q3 earnings call.
09:04 EDTGMOn The Fly: Pre-market Movers
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08:15 EDTGMGM Financial reports Q3 earnings of $158M
GM Financial announced earnings of $158 million for the quarter ended September 30, 2014, compared to $161 million for the quarter ended September 30, 2013. Earnings for the nine months ended September 30, 2014 were $478 million, compared to $445 million for the nine months ended September 30, 2013. Earnings include $7 million and $29 million in pre-tax acquisition and integration expenses for the quarter and nine-month period ended September 30, 2013, respectively. Consumer loan originations were $4.1 billion for the quarter ended September 30, 2014, compared to $3.6 billion for the quarter ended June 30, 2014, and $2.5 billion for the quarter ended September 30, 2013. The outstanding balance of commercial finance receivables was $7.2 billion at September 30, 2014 compared to $7.1 billion at June 30, 2014 and $6.7 billion at December 31, 2013. Consumer finance receivables 31-to-60 days delinquent were 3.9% of the portfolio at September 30, 2014, compared to 3.8% at September 30, 2013. Accounts more than 60 days delinquent were 1.7% of the portfolio at September 30, 2014, compared to 1.5% a year ago.
07:58 EDTGMAutomakers under increased scrutiny after wide ranging air bag recall, WSJ says
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07:55 EDTGMGeneral Motors CFO says Takata air bag recall issue 'largely behind us'
General Motors CFO Charles Stevens is speaking on CNBC.
07:49 EDTGMGeneral Motors reports North America EBIT-adjusted $2.5B
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07:36 EDTGMGeneral Motors reports Q3 adjusted EPS 97c, consensus 95c
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October 22, 2014
13:28 EDTGMEarnings Preview: General Motors sees better second half, excluding recalls
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10:14 EDTGMKyle Bass says would buy more GM shares at current levels
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10:08 EDTGMBass says General Motors taking back share from Ford
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10:05 EDTGMKyle Bass says General Motors still largest position
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06:24 EDTGMNHTSA says over 6M cars involved in Takata airbag recalls
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October 21, 2014
12:08 EDTGMGeneral Motors says supports Michigan House Bill 5606
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10:13 EDTGMGeneral Motors volatility elevated into Q3 and outlook
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10:00 EDTGMOn The Fly: Analyst Initiation Summary
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06:26 EDTGMGeneral Motors initiated with a Neutral at Susquehanna
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October 20, 2014
11:53 EDTGMDeaths tied to faulty GM ignition-switch increases to 29, Reuters says
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08:22 EDTGMCourt rules GM loan docs valid despite mistake, Reuters reports
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October 17, 2014
18:10 EDTGMGeneral Motors General Counsel Michael Millikin to retire in early 2015
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16:31 EDTGMGeneral Motors announces $12.5B revolving credit facility
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