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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 22, 2014
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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October 16, 2014
12:04 EDTGMStocks with call strike movement; ABBV GM
AbbVie (ABBV) January 60 call option implied volatility decreased 5% to 29, General Motors (GM) March 33 call option implied volatility decreased 4% to 39 according to IVolatility.
06:34 EDTGMChina to punish automakers that miss fuel standards, Reuters reports
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October 15, 2014
13:27 EDTGMGM faces $10B suit due to recalls, Bloomberg says
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10:16 EDTGMGeneral Motors reports Q3 worldwide sales up 2% to 2.45M units
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October 14, 2014
10:01 EDTGMOn The Fly: Analyst Downgrade Summary
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06:20 EDTGMGeneral Motors downgraded to Buy from Conviction Buy at Goldman
Goldman removed General Motors from the Conviction Buy List and lowered estimates to to cuts in North American and European production and a difficult pricing environment. The firm maintains its Buy rating and views risk/reward as favorable and expects reasonably strong comps over then next two quarters. Price target lowered to $47 from $48.
October 13, 2014
12:10 EDTGMGM lawyer says 27 people eligible for ignition switch compensation, AP reports
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06:44 EDTGMRegulators seeking banks' auto loan data, Reuters reports
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October 12, 2014
17:21 EDTGMTesla ahead of other car makers on semiautonomous driving system, WSJ says
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