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Stock Market & Financial Investment News

News For HON;DD;GM;DDAIF From The Last 14 Days
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January 30, 2015
16:28 EDTDDMarket finishes week lower as earnings, GDP miss drag down stocks
Stocks ended the week lower as several major companies reported weaker than expected results or gave disappointing guidance and a number of U.S. economic data points came in below the consensus outlook. MACRO NEWS: The Federal Reserve reiterated that it would exercise patience in deciding when to raise interest rates. The central bank added that economic growth was expanding at a "solid" pace... U.S. economic data was mixed, as Q4 GDP growth, durable goods orders for December, and pending home sales came in below expectations, but weekly jobless claims and new home sales for December beat expectations... In Europe, the annual cost of living in the euro zone currency bloc fell 0.6% in January, versus analysts' forecast for a fall of 0.5%. However, the bloc's unemployment rate inched down to 11.4% in December from 11.5% in November. Analysts had expected the unemployment rate to remain unchanged. COMPANY NEWS: Apple's (AAPL) shares rose after the company reported record results, beating analysts' expectations. The company sold 74.5M iPhones last quarter, a figure that also beat the consensus outlook... Visa (V), Boeing (BA), Amazon.com (AMZN), Google (GOOG), and video game maker Electronic Arts (EA) were among the companies that rose following their earnings reports. Facebook (FB) reported stronger than expected results but its stock was little changed on the week... Microsoft (MSFT), Caterpillar (CAT), Qualcomm (QCOM), Alibaba (BABA), DuPont (DD), and 3M (MMM) fell after reporting their results... Yahoo (YHOO) announced that it plans to spin off its stake in Alibaba later this year in a tax-free transaction. The announcement led to speculation that Yahoo could become a takeover target... McDonald's (MCD) announced that its CEO, Don Thompson, would step down and be replaced by its current Chief Brand Officer, Steve Easterbrook. Its stock reacted favorably to the executive change... Qualcomm (QCOM) cut its fiscal 2015 guidance and announced that its Snapdragon 810 processor will not be in the upcoming design cycle of a large customer's flagship device. A number of analysts and media outlets said that Samsung was the company to which Qualcomm was referring. INDEXES: For the week, the Dow is down 2.83% to 17,164.95, the Nasdaq is down 2.56% to 4,635.24, and the S&P is down 2.77% to 1,994.99.
13:35 EDTDDDuPont price target raised to $82 from $78 at Argus
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12:43 EDTGMGeneral Motors weekly volatility elevated into Q4 and outlook
General Motors February weekly call option implied volatility is at 39, February is at 31, March is at 29, June is at 25; compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 4.
08:26 EDTGMGeneral Motors to suspend Russian plant from March to May, Reuters says
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January 29, 2015
19:19 EDTDDDuPont plans to cut bonuses, delay raises for year, WSJ reports
DuPont will cut bonus payouts and delay raises for its employees for the year as the company deals with slow growth and activist investor Trian Fund Management, owned by Nelson Peltz, pressing Dupont to split itself up, the Wall Street Journal reports, citing an unnamed knowledgeable source. Reference Link
15:51 EDTHONHoneywell accused of patent infringement by Allure Energy
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07:43 EDTGM General Motors weekly volatility elevated into Q4 and outlook
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January 28, 2015
18:35 EDTGMGM rejects request to extend deadline for victims fund, Bloomberg reports
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14:27 EDTGMGeneral Motors weekly volatility elevated into Q4 and sales guidance
General Motors February weekly call option implied volatility is at 36, February and March is at 28, June is at 25; compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 4.
09:59 EDTDDOn The Fly: Analyst Downgrade Summary
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07:54 EDTGMGM considering new rugged SUV to compete with Jeep Wrangler, WSJ says
GM (GM) is considering adding a rugged SUV to its GMC lineup allowing it to compete with Fiat Chrysler's (FCAU) Jeep Wrangler, reports the Wall Street Journal, citing several people briefed on the matter. GM executives told dealers the hypothetical vehicle would borrow cues from Hummer. GM has not green-lit the project yet and the car is still in discussion stages. Reference Link
07:21 EDTDDDuPont management to meet with Deutsche Bank
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06:41 EDTDDDuPont downgraded with shares above price target at JPMorgan
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06:01 EDTDDDuPont downgraded to Neutral from Overweight at JPMorgan
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January 27, 2015
16:31 EDTDDOn The Fly: Closing Wrap
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12:28 EDTDDOn The Fly: Midday Wrap
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08:54 EDTHONHoneywell price target raised to $115 from $109 at Argus
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07:58 EDTDDFutures weaken after Caterpillar issues lower than expected outlook
Stock index futures have been in negative ground all morning, but have weakened further after disappointing guidance from a number of big names, including Procter & Gamble (PG), DuPont (DD) and Caterpillar (CAT). Before the bell, a report on durable goods orders for December is due at 8:30. After the open, investors will receive reports on the U.S. services sector and consumer confidence for January as well as data on new home sales in December. Near 7:45 am ET, Dow futures were 186 points below fair value, S&P 500 futures were down 12 points from fair value and Nasdaq futures were 37 points under fair value.
07:21 EDTGMDEA using license-plate readers to spy on cars, WSJ reports
The Drug Enforcement Administration has been running a license-plate tracking program that has built a national database that enables it and other law enforcement agencies to track the movement of vehicles around the U.S., according to The Wall Street Journal, citing current and former officials and government documents. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
06:15 EDTDDDuPont increases cost reduction commitment to at least $1.3B by 2017
DuPont has increased its cost reduction commitment from its operational redesign by approximately $300M to at least $1.3B of total expected savings by 2017. Additionally, by the end of 2015, the company now expects annual run-rate savings of approximately $1B, significantly ahead of its previously announced schedule. In addition the company said it expects to return all or substantially all of the one-time dividend proceeds from Chemours to DuPont shareholders via share repurchases over the 12 to 18 months following the separation of Chemours. Based on the target BB credit rating of Chemours, this amount is anticipated to be approximately $4B, pending the final credit ratings and underlying business conditions for Chemours.
06:07 EDTDDDuPont sees FY15 EPS $4.00-$4.20, consensus $4.46
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06:05 EDTDDDuPont reports Q4 operating EPS 71c, consensus 71c
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January 26, 2015
15:40 EDTDDNotable companies reporting before tomorrow's open
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11:13 EDTDDDuPont volatility flat into Q4 and outlook
DuPont January weekly call option implied volatility is at 30, February is at 19, March is at 17, July is at 16; compared to its 26-week average of 19 according to Track Data, suggesting non-directional price movement into the expected release of Q4 results on January 27.
07:35 EDTDDDuPont price target raised to $87 from $75 at Susquehanna
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January 23, 2015
10:54 EDTGMGoodyear Tire recalls 48,500 SUV tires after finding small tread cracks, AP says
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10:02 EDTHONHoneywell expects oil prices to create negative positive for economy, company
Expects foreign exchange to continue to be a headwind, but it does expect U.S. economy to continue to improve. Sees high single digit growth in China for 2015. Sees growth to be in high single digits in India for 2015. Continues to have a strong backlog in Russia. Sees double digit sales growth in the Middle East for 2015.
09:39 EDTHONHoneywell says 2H14 gives company confidence in 2015
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09:13 EDTHONHoneywell sees Q1 revenue $9.4B-$9.6B, consensus $9.76B
Sees Q1 organic growth of 3%-4%; Sees Q1 Aero organic growth of 3%-4%; Sees Q1 ACS organic growth of 4%-5%; Sees Q1 PMT organic growth flat.
09:11 EDTHONHoneywell sees short cycle improvement and long cycle momentum
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07:28 EDTGMGeneral Motors has too much capital on balance sheet, Bass says
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07:03 EDTHONHoneywell remains 'cautious' in planning with regard to global economy
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07:02 EDTHONHoneywell sees FY15 EPS excl items $5.95-$6.15, consensus $6.11
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07:01 EDTHONHoneywell reports Q4 EPS excl. items $1.43, consensus $1.42
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January 22, 2015
15:32 EDTHONNotable companies reporting before tomorrow's open
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10:07 EDTGMGM invests $300M to upgrade plant for new Cadillac sedan, Reuters reports
GM has invested $300M to upgrade and automate its Detroit-Hamtramck plant ahead of the launch of the 2016 Cadillac CT6 luxury sedan, reports Reuters. The investment includes the construction of a new body shop equipped with 205 robots and designed to use advanced manufacturing techniques as aluminum laser welding. Reference Link
10:03 EDTHONOn the Fly: Analyst Initiation Summary
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07:20 EDTGMGM bringing Spark electric vehicle to Maryland by June, WSJ says
General Motors will start selling its Spark EV in Maryland by late June, reports the Wall Street Journal. The state joins California and Oregon in offering the $17,845 electric-only car, which can travel 119 miles per charge. Official GM announcements are expected at the upcoming Washington D.C. auto show. Reference Link
January 21, 2015
19:18 EDTGMLower oil prices could boost car and truck sales, CNBC reports
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16:11 EDTHONHoneywell initiated with a Neutral at UBS
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13:54 EDTGMJPMorgan could lose $1.5B as a result of 2008 error, Reuters says
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13:53 EDTGMGoldman cuts rating on auto dealers citing below consensus U.S. sales view
Goldman Sachs lowered its outlook on auto dealers to Cautious from Neutral, citing several factors, including its belief that U.S. auto sales growth will be "essentially flat" this year. The firm also downgraded its rating on one of the companies in the sector, AutoNation (AN), to Neutral from Buy and removed the stock from its Americas Buy List. WHAT'S NEW: U.S. auto sales will probably rise less than 1% this year on a seasonally adjusted basis, Goldman analyst Patrick Archambault wrote in a note to investors today. Archambault indicated that his U.S. auto sales estimate is significantly below analysts' consensus outlook. Incentive deals and sales to subprime customers last year will probably negatively affect sales growth this year, the analyst stated. Additionally, the growth of dealers' revenue from parts and service is likely to slow this year after a series of major auto recalls were carried out last year, Archambault warned. Dealers may also be hurt by the regulation of auto lenders by the Consumer Financial Protection Bureau, since lenders and dealers split the profits from interest rate markups, the analyst stated. Finally, dealers are trading at a valuation that is 13% above their ten year average, according to Archambault. The analyst cut his rating on AutoNation to Neutral from Buy, based partly on valuation and his belief that the stock's near-term catalysts have diminished after it implemented a rebranding strategy and enhanced its digital systems. Over the medium term, the company's growth prospects will be limited by weak U.S. auto sales growth this year, added Archambault. However, the analyst continues to identify AutoNation as his favorite auto dealer stock. Other auto dealers covered by the analyst include Penske (PAG), which he rates Neutral, and Group 1 (GPI) and Sonic Automotive (SAH), both of which are rated Sell by the analyst. WHAT'S NOTABLE: Automakers whose shares could be negatively affected if the analyst's forecast for anemic U.S. sales growth proves to be accurate include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). PRICE ACTION: In mid-afternoon trading, AutoNation lost 1.2% to $57.12, Sonic Auto lost 1% to $25.18, Group 1 fell 2.5% to $77.40, and Penske climbed 1% to $47.09.
07:55 EDTHONHoneywell volatility elevated into Q4 and outlook
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January 20, 2015
12:01 EDTHONIKONICS announces continuing program with Honeywell Aerospace
IKONICS Corporation (IKNX), a Duluth-based technology company, announced its continuing program with Honeywell Aerospace (HON) for micro-electro-mechanical systems, MEMS, technology in support of U.S. Defense Advanced Research Projects Agency, DARPA, projects and internal testing at the Plymouth, MN facility. Sue Boudrie, Operations Manager for Ikonics' Advanced Materials Solutions division, said: "We are proud to be working closely on these important defense projects with a technology leader like Honeywell and are pleased that our expertise is appreciated and rewarded."
08:59 EDTGMGM receives 108 new ignitition claims, $400M earmarked for cases, Reuters says
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