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Stock Market & Financial Investment News

News Breaks
March 5, 2014
11:12 EDTGMGeneral Motors advances after 20% sales gain in China
Shares of General Motors (GM) are climbing after the automaker reported that its sales in China had jumped 20% last month and two research firms issued optimistic notes about the company. WHAT'S NEW: GM said last night that sales of its automobiles in China had jumped 20% last month, versus the same period a year earlier. The gain was aided by a 32% increase in sales of the company's Wuling microvans. Meanwhile, Cadillac sales jumped 91% in the Asian country to a record 4,378 units, the company added. China is GM's single largest market. WHAT'S NOTABLE: In separate notes to investors earlier today, Goldman Sachs and RBC Capital were upbeat on GM's outlook. GM's main growth drivers continue to boost the company, wrote Goldman analyst Patrick Archambault after attending a dinner with the company's CFO. The automaker has opportunities to improve its showing in the North American truck market, while its Opel European unit is performing better than expected and China is "a steady contributor," he stated. The company's guidance is relatively conservative, added Archambault, who recommends buying the stock. Meanwhile, RBC Capital analyst Joseph Spak, who also viewed the presentation by the CFO, reported that the company believes that its two largest markets, China and the U.S., are improving. The company's free cash flow should rise significantly in coming years, predicted Spak, who kept a $48 price target and Outperform rating on the stock. PRICE ACTION: In late morning trading, GM climbed 99c, or 2.7%, to $37.92.
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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