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Stock Market & Financial Investment News

News For HON;DD;GM;DDAIF From The Last 14 Days
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April 23, 2015
08:26 EDTGMGeneral Motors says 'on track' with 2015, 2016 financial commitments
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08:22 EDTGMGM Financial reports Q1 net income $150M
GM Financial announced net income of $150 million for the quarter ended March 31, 2015, compared to $145 million for the quarter ended March 31, 2014. Consumer loan originations were $4.1 billion for the quarter ended March 31, 2015, compared to $4.0 billion for the quarter ended December 31, 2014, and $3.4 billion for the quarter ended March 31, 2014. The outstanding balance of consumer finance receivables totaled $25.6 billion at March 31, 2015. Operating lease originations of General Motors Company vehicles were $3.0 billion for the quarter ended March 31, 2015, compared to $2.1 billion for the quarter ended December 31, 2014, and $773 million for the quarter ended March 31, 2014. Leased vehicles, net totaled $8.9 billion at March 31, 2015. The outstanding balance of commercial finance receivables was $7.6 billion at March 31, 2015 compared to $8.1 billion at December 31, 2014 and $7.1 billion at March 31, 2014. Consumer finance receivables 31-to-60 days delinquent were 3.4% of the portfolio at March 31, 2015, compared to 3.1% at March 31, 2014. Accounts more than 60 days delinquent were 1.4% of the portfolio at March 31, 2015 and 2014. Annualized net credit losses were 1.8% of average consumer finance receivables for the quarters ended March 31, 2015 and 2014.
08:19 EDTDDDuPont sends letter to shareholders in response to Trian Fund's recent actions
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07:56 EDTGMGeneral Motors CFO says earnings miss due to South America, taxes
General Motors CFO Chuck Stevens said "about half" of its earnings miss was driven by difficulties in South America and that its tax rate was also a contributing factor. Stevens is speaking on CNBC.
07:41 EDTGMGeneral Motors drops 3% to $35.90 after Q1 results miss estimates
Shares of GM (GM) peer Ford (F) are down 1% while Fiat Chrysler (FCAU) is down 2%.
07:39 EDTGMGeneral Motors says Q1 headline EPS of 56c included $500M of items
General Motors said its Q1 EPS 56c included special items of $0.4B related to the decision to change the company’s business model in Russia and $0.1B for an adjustment to the estimated costs of the ignition switch compensation program.
07:37 EDTGMGeneral Motors ended Q1 with $34.2B in total automotive liquidity
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07:36 EDTGMGeneral Motors Q1 automotive cash flow $0 vs. $2B last year
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07:33 EDTGMGeneral Motors reaffirms outlook for 2015
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07:32 EDTGMGeneral Motors reports Q1 EPS ex-items 86c, consensus 97c
Reports Q1 revenue $35.7B, consensus $37.61B.
05:59 EDTDDAIFMercedes-Benz fined $56M by China for price-fixing, FT reports
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April 22, 2015
15:50 EDTGMNotable companies reporting before tomorrow's open
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13:54 EDTGMEarnings Preview: General Motors sentiment positive ahead of Q1 report
General Motors Company (GM) is expected to report first quarter earnings on Wednesday, April 23 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 earnings per share of 97c on revenue of $37.61B, according to First Call. The consensus range for EPS is 85c-$1.07 on revenue of $35.71B-$39.36B. LAST QUARTER: GM reported fourth quarter adjusted EPS of $1.19 against estimates for 83c on revenue of $40.5B against estimates for $40.12B. In Q4, GM reported the following: Retail vehicle sales of 2.55M units; Total U.S. retail vehicle sales of 727K units and total North America retail vehicle sales of 854K units; Europe retail sales of 298K units; APMEA retail sales of 1.165M units; South America retail vehicle sales of 236K units; Total worldwide automotive market share of 11.4%, with total U.S. market share of 17.4%; Total Europe share of 6.3% and total APMEA share of 10.5%; North America capacity utilization of 98.9%. GM announced it intends to increase the second quarter dividend on its common stock by 20% to 36c per share. On March 9, GM announced a $5B share repurchase program. On April 22, GM said it sold 2.4M vehicles globally in Q1, up 2% from last year. Sales in China increased 9% and deliveries in North America were up 6%. STREET RESEARCH: Street research has been mostly positive in the weeks leading up to GM’s Q1 earnings report. On February 5, Craig-Hallum upgraded General Motors to Buy from Hold. The analyst said the company's Q4 report was superb and expects a very strong year ahead given recall issues that are mostly behind it and a continuation of impressive truck/SUV sales. Additionally, Craig-Hallum expects more shareholder-friendly actions following the announcement of a 20% common dividend increase. They raised their price target on the shares to $44 from $34. On March 10, Citigroup raised its price target for shares of General Motors to $50 from $49 saying the car maker's "earnings and overlooked progress" should hold more weight now that its capital allocation is in place. The firm continues to believe shares will trade at premium to Ford (F) by the end of 2015. It thinks the GM bears have "run out of excuses" and kept a Buy rating on the name. PRICE ACTION: GM shares have gained approximately 8% since Q4 results were released and notched a 52-week high of $38.99 in March. In afternoon trading ahead of Wednesday's Q1 report, GM shares are down 0.4%.
12:58 EDTDDDuPont acquires Taxon Biosciences, terms not disclosed
DuPont announced it has agreed to acquire Taxon Biosciences, a microbiome discovery company. This acquisition will build on DuPont's in-house capabilities and unparalleled market access in both seed and crop protection to discover and commercialize biological solutions for agriculture customers globally. The financial terms of the agreement were not disclosed. Closing of the acquisition is expected in the second quarter.
12:49 EDTDDEU proposes new law that allows states to ban biotech crops, WSJ reports
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07:04 EDTDDPeltz tried to recruit Gallogly for DuPont board nomination, NY Post says
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06:17 EDTDDAgrium downgraded to Sell from Neutral at Citigroup
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06:04 EDTGMGeneral Motors says sold 2.4M vehicles globally in Q1, up 2% from last year
General Motors sold 2.4 million vehicles globally in the first quarter of 2015, up 2% compared to a year ago. Sales in China increased 9% and deliveries in North America were up 6%. Opel/Vauxhall increased its sales by 3% in Europe. “The momentum our brands are building in China, the U.S. and Western Europe more than offset difficult conditions in some other large markets like Russia and Brazil,” said GM CEO Mary Barra. “We are in the early days of a very aggressive onslaught of new products and customer-driven innovation,” she said. “Already, the Chevrolet Trax and Colorado are redefining segments in the United States, Cadillac is growing rapidly in China and establishing a new formula for prestige sedans with the CT6 and Opel’s revitalization is accelerating across Europe. At the same time, we are deploying OnStar with 4G LTE in North America, Europe and China to give our customers the best connectivity experience in the industry.”
April 21, 2015
16:26 EDTDDOn The Fly: Top stock stories for Tuesday
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12:33 EDTDDOn The Fly: Top stock stories at midday
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