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Stock Market & Financial Investment News

News Breaks
January 3, 2013
12:24 EDTGPS, MLNX, SONS, SPWR, F, GM, LTD, TJX, ROST, FDO, ALLTOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as the Dow narrowly underperformed the Nasdaq and S&P after yesterday's big run-up. The averages began the session in negative territory, which was not surprising given the gains of the last two sessions, but the economic releases, particularly the ADP employment change report, encouraged investors to drive the indices off their opening lows and back into positive territory near noon... ECONOMIC EVENTS: In the U.S., Challenger, Gray & Christmas said planned job cuts announced in December fell to 32,556, down 43% from November and 22% below December of last year. Payroll processor ADP said private employers added 215K jobs in December, which was up from November's total of 148K and above analyst forecasts for 140K new hires. Weekly jobless claims rose to 372K, versus expectation for an increase to 360K... COMPANY NEWS: Results were mixed among retailers reporting December same-store sales, with Ross Stores (ROST) and TJX (TJX) among those beating consensus and Limited (LTD) one notable name that disappointed. Family Dollar (FDO), in addition to having December SSS growth miss expectations, reported quarterly earnings and revenues below consensus and gave guidance below the Street's view, sending its shares down over 11%... In addition to reporting December SSS up 5%, Gap (GPS) made additional news with the approval of a $1B share buyback and the purchase of multi-brand specialty retailer Intermix for $130M... Increased December vehicle sales were also reported though out the morning, leading shares of both General Motors (GM) and Ford (F) up about 3%... MAJOR MOVERS: Among the notable gainers were SunPower (SPWR), up 35% following an upgrade to Buy at Lazard Capital, and Sonus Networks (SONS), up 10% after Northland Securities said Verizon (VZ) is adding more of Sonus' products on its wire-line side of its business. Among the noteworthy losers were Allot Communications (ALLT), down 23% following a downgrade to Perform at Oppenheimer, and Melanox (MLNX), down 13% after its Q4 revenue warning prompted at least three firms to cut their price targets on its stock... INDICES: Near noon, the Nasdaq was up 5.26, or 0.17%, to 3,117.52; the S&P 500 was up 2.20, or 0.15%, to 1,464.62; and the Dow was virtually up 6.59, or 0.05%, to 13,419.14.
News For GPS;FDO;ROST;TJX;LTD;GM;F;SPWR;SONS;MLNX;ALLT From The Last 14 Days
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July 10, 2014
07:02 EDTFDOFamily Dollar reaffirms Q4 guidance
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07:01 EDTFDOFamily Dollar reports Q3 adjusted EPS 85c, consensus 89c
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06:28 EDTFDOOptions expected to be active
Options expected to be active: LL PBPB VNO FDO WFC COST ZUMZ UAL BA
06:24 EDTGMGeneral Motors to replace faulty ignition switch kits, Detroit News says
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06:06 EDTGMGM recalling Saab convertibles due to safety defect, Detroit News reports
Around 28,790 Saab convertibles from the 2004-2011 model years are being recalled by General Motors, as the driver's seat belt retractor can break, the Detroit News reports. Reference Link
July 9, 2014
15:28 EDTFDOFamily Dollar July weekly 64 straddle priced for 4% move into Q3
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15:25 EDTFDOFamily Dollar technical comments ahead of earnings
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15:19 EDTFDONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Family Dollar (FDO), consensus 89c.
09:47 EDTGM, FNew car sales in India rose 15% in June, WSJ reports
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09:43 EDTGMGeneral Motors, Manchester United debut sponsored shirt for 2014-15 season
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09:21 EDTGMDelphi CEO to testify about GM ignition switches, Automotive News says
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07:52 EDTGMJapan leading drive for fuel cell vehicles, FT says
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06:28 EDTGMGM Korea employees approve strike amid stalled wage discussions, Reuters says
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06:17 EDTGMGM CEO, general counsel to testify before Senate subcommittee, WSJ reports
Mary Barry, the CEO of General Motors (GM), and the company's general counsel, Mike Millikin, have been called to testify next week before a Senate subcommittee looking at why it took the automaker almost 11 years to recall older cars equipped with a faulty ignition switch, the Wall Street Journal reports. Delphi Automotive (DLPH) CEO Rodney O'Neal and Kenneth Feinberg have also been called as witnesses. Reference Link
July 8, 2014
12:25 EDTGMGM won't use insurance to pay ignition claims, Automotive News reports
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09:35 EDTSPWRChina may lower solar installation target, OTR Global says
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08:36 EDTSPWRChina to raise rooftop solar subsidies, South China Morning Post says
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06:54 EDTGMGM Korea head says potential strike could mean output cuts, Reuters says
GM South Korea CEO Sergio Rocha warned employees that a possible strike could prompt further production reductions in one of its major Asian manufacturing centers, according to Reuters, citing comments from Rocha. GM's 15K unionized employees in South Korea plan to cast ballots on whether to hold a strike for a fourth consecutive year, signaling a reemergence of summer labor unrest in the country's vehicle industry. Reference Link
06:29 EDTGMGeneral Motors elects not to recall trucks with brake problems, NY Times says
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06:24 EDTFFord recalls 101,000 vehicles, Detroit News reports
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