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Stock Market & Financial Investment News

News Breaks
February 7, 2014
08:48 EDTGMExpectations for General Motors have bottomed, says RBC Capital
After GM reported weaker than expected Q4 results, RBC Capital thinks the company's rebuilding phase could be challenging, but predicts that the company could rebound in Q2. The firm thinks the stock provides good longer term value, and keeps an Outperform rating on the shares.
News For GM From The Last 14 Days
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December 18, 2014
11:33 EDTGMStocks with call strike movement; GM EWZ
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08:23 EDTGMSeveral automakers halt Russia car sales due to ruble, Bloomberg reports
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December 16, 2014
09:59 EDTGMOn The Fly: Analyst Downgrade Summary
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07:30 EDTGMGeneral Motors retreats in pre-market after analyst downgrades shares
GM shares are falling in pre-market trading after RBC Capital downgraded the stock to Sector Perform from Outperform, citing weak auto trends in North America and overly optimistic targets by the company. WHAT'S NEW: In North America, GM will face slowing demand, negative pricing trends, and higher regulatory and content costs, RBC Capital analyst Joseph Spak wrote in a note to investors today. The company's target for 10% profit margins in North America appears to be optimistic, given competition from the major Japanese automakers, which are benefiting from yen weakness, the analyst stated. Similarly, GM's Cadillac sales targets also seem ambitious, as it faces competition from German competitors that are in a strong position in North America and have a foothold in China, according to Spak. The analyst reduced his price target on the stock to $35 from $41. PRICE ACTION: In early pre-market trading, GM fell nearly 1% to $30.75.
06:33 EDTGMGeneral Motors downgraded to Sector Perform from Outperform at RBC Capital
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December 15, 2014
13:16 EDTGMUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).Reference Link
11:30 EDTGMGeneral Motors management to meet with Sterne Agee
Meeting to be held in New York on December 19 hosted by Sterne Agee.
06:55 EDTGMTakata tightening restrictions on suppliers, Reuters reports
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December 11, 2014
07:49 EDTGMThe New York Times to hold a conference
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December 8, 2014
11:10 EDTGMVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).
December 5, 2014
14:06 EDTGMGeneral Motors ticks key resistance at the $34 area
The $34 level played a role as major support through the year until the breakdown in share price in September. Today the stock is ticking that level once again. Powering through this level would be bullish, while a failure at $34 would be bearish. Resistance is at $35.14. Support is at $33.24.
10:33 EDTGMGeneral Motors recalls 2015 Chevrolet Colorado, GMC Canyon pickups, WSJ reports
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06:27 EDTGMGM looking to sell 500K Cadillacs annually by 2020, Reuters reports
GM plans to increase global annual sales of its Cadillac brand to over 500,000 cars by 2020, Reuters quoted Cadillac President Johan de Nysschen as saying. Reference Link

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