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Stock Market & Financial Investment News

News Breaks
January 15, 2013
06:08 EDTC, MS, GS, FIATY, WMT, KMB, WFC, USB, SNE, F, MCD, PG, BAC, JPM, TM, GM, JCPOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Fed Chairman Bernanke said he still wasn't satisfied with the economy's progress and indicated that he plans to stick with the unconventional programs the central bank is using to lift output. The Fed has said that continuing these programs—such as an $85B-a-month bond-buying effort—depends on progress in the U.S. job market, the Wall Street Journal reports...American workers are opening their first paychecks of the year and finding an unpleasant surprise: The government's take has gone up. That consumers remain tentative threatens to put a drag on economic growth. The effect for companies is that this will likely cement a frugal attitude that led consumers to cut back on eating out and shift to less-expensive store brands, the Wall Street Journal reports...REUTERS: Wal-Mart Stores (WMT) plans to hire over 100,000 veterans in the U.S. over the next five years, Reuters reports...The message from automotive CEOs at the opening of the 2013 Detroit auto show: Sportscars are hot, electrics are not, Reuters reports...BLOOMBERG: Wall Street investment banks, loathed by investors in 2011 and hurt by weak trading last year, are poised for a return to the spotlight. Investment-banking and trading revenue likely surged 44% in the period from a year earlier, according to estimates by Morgan Stanley, Bloomberg reports...Bond risk for Japan’s major companies, from Toyota (TM) to Sony (SNE), fell to a 10- month low as Prime Minister Shinzo Abe’s $116B stimulus plan added fuel to the longest stock-market rally since 1989, Bloomberg reports.
News For GS;JPM;USB;MS;BAC;WFC;C;PG;KMB;JCP;MCD;WMT;GM;F;FIATY;TM;SNE From The Last 14 Days
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August 17, 2015
10:24 EDTJCPAnalyst notes give J.C. Penney shares a boost
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10:21 EDTJCPOptions with decreasing implied volatility
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10:09 EDTJCPOn The Fly: Analyst Initiation Summary
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09:38 EDTBACActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
09:26 EDTJCPOn The Fly: Pre-market Movers
HIGHER: AVEO (AVEO), up 119.7% after announcing licensing agreement with Novartis (NVS)... OHR Pharmaceutical (OHRP), up 24.9% after Soros reports new stake in company in 13F filing... Kite Pharma (KITE), up 4.6% after saying patient death unrelated to KTE-C19... Tesla (TSLA), up 5.5% after price target raised to $465 from $280 at Morgan Stanley... Mobileye (MBLY), up 2.7% after price target raised to $80 from $71 at Morgan Stanley... J.C. Penney (JCP), up 1.5% after being initiated with a Buy at B. Riley and Piper Jaffray raised its price target to $17 from $15. DOWN AFTER EARNINGS: Estee Lauder (EL), down 2.1% after reporting quarterly results and giving guidance for first quarter and fiscal 2016. ALSO LOWER: KKR (KKR), down 3.3% after Samson enters restructuring deal and expects to file for bankruptcy within 30 days... Aquinox (AQXP), down 4.7% after Lloyd Mackenzie, vice president - Technical Operations and Planning, disclosed late Friday the sale of 35,887 shares worth over $670,000 in a sale related to the exercise of options.
07:42 EDTF, TM, GMNew Street-high target of $465 gives Tesla shares a charge
Shares of Tesla Motors (TSLA) are jumping after Morgan Stanley boosted its price target by $185 to $465, a new high among Wall Street analysts. The company is positioned to dominate as car sales shift to robot-driven and shared vehicles, the firm argues. SELLING MILES: Morgan Stanley analyst Adam Jonas raised his price target for Tesla Motors to $465 from $280, well above Friday's closing price of $243.15. Today, ten trillion vehicle miles are driven annually, with almost all of them delivered by "companies practicing a 100-year-old business model of human-driven, privately owned, internal-combustion vehicles," Jonas tells investors in a research note. General Motors (GM), Ford (F), Toyota (TM) and Honda (HMC) are among the publicly traded traditional carmakers. The market of selling cars is going through some fundamental changes, argues Jonas. He believes Tesla is "uniquely positioned" to dominate given its expertise in autonomous technology and networked machine learning. An app-based, on-demand mobility service could more than triple Tesla's potential revenues by 2029, the analyst estimates. He expects Tesla over the next 18 months to roll out formalized business plans on shared mobility, allowing the electric vehicle maker to sell miles in addition to cars. His new price target of $465 reflects Tesla's potential to lead the revolution of the shared mobility public transportation hyper-structure and more confidence around the commercial viability of Tesla Energy. ROBOT-DRIVEN: Jonas expects nearly all car sales to eventually shift from human-driven, individually-owned cars to robot-driven and shared cars. If Tesla wants to succeed on its mission of accelerating the world's transition to sustainable transport, the move to a shared mobility model is critical, he argues. All of Tesla's cars are electric, connected, and able to "learn" through over-the- air firmware updates at any time, which no other established automaker can claim today, Jonas writes. MARKET REACTION: Investors are buying into what Jonas is arguing. Shares of Tesla are up 5%, or $13.10, to $256.25 in pre-market trading. Over the past three months through Friday's close, the stock is down 2%.
07:29 EDTWMTWal-Mart dividend and valuation provides support, says Baird
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07:21 EDTWMTWal-Mart coverage transitioned with an Overweight at Stephens
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07:17 EDTJCPJ.C. Penney initiated with a Buy at B. Riley
B. Riley initiated J.C. Penney with a Buy rating and $12.50 price target. The firm sees positive business trends, despite industry headwinds, and numerous opportunities for margin recovery.
06:56 EDTCDOJ probes Citi dealings with Carlos Hank Rhon companies, Bloomberg says
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06:51 EDTJCPJ.C. Penney price target raised to $17 from $15 at Piper Jaffray
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06:12 EDTJPMJPMorgan reports July net credit losses 2.31% vs. 2.34% last month
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06:06 EDTGSGoldman expected to take minority stake in India's Piramal Realty, Reuters says
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05:55 EDTJPMJPMorgan upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Christopher Mutascio upgraded JPMorgan to Outperform with a $77 price target, suggesting total return potential of 16%. Mutascio views the stock's valuation as attractive and highlights the "high dividend yield in a low-interest-rate environment."
05:44 EDTJCPJ.C. Penney initiated with a Buy at B. Riley
B. Riley analyst Jeff Van Sinderen started shares of J.C. Penney with a Buy rating and $12.50 price target. The retailer closed Friday at $8.52. Sinderen views Penny as a "speculative turnaround" story and believes the company's "substantial" real estate assets partially offset its heavy debt load.
August 16, 2015
18:56 EDTMCDU.S. food chains see opportunity in a weakened Brazil, WSJ says
North American food chains including McDonald's (MCD), Dunkin' Brands (DNKN), Domino's Pizza (DPZ), Papa John's (PZZA), and Bloomin' Brands (BLMN) are expanding into Brazil in hopes to capture market share while local restaurants pull back amid the country's economic uncertainty, reports the Wall Street Journal. Brazilian economic troubles "make it more challenging, but it's also an opportunity... The Brazilian economy will improve, and we'll be in a position to take advantage of that," commented Patrick Murtha, president of the international arm of Bloomin' Brands. Reference Link
18:42 EDTWMTSam's Club to target high-end shoppers, WSJ says
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15:44 EDTGMGeneral Motors to invest 'several million' in historic factory renovation
General Motors announced that the "historic" Durant-Dort Factory One will be converted into an archive and research center as part of a renovation project. GM will invest several million dollars to create a modern archive to house the automotive collection currently located at Kettering University. The archive and research center will occupy the first floor of the east wing of Factory One. GM plans to develop the second floor of the east wing into a meeting area for GM, community and educational groups to conduct STEM-related classes, seminars and, potentially, research. The high-bay area in the west wing of the facility will be renovated to house classic vehicles and other historical artifacts. Once plans are finalized and a general contractor is selected, work on the archive and other interior projects could begin in early 2016 with the project completed in 2017, according to GM. Reference Link
14:30 EDTTMToyota pauses three Chinese production lines, Bloomberg says
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12:23 EDTPG, KMBTrouble ahead for Procter & Gamble, others as Chinese yuan falls, Barron's says
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