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Stock Market & Financial Investment News

News For HON;DD;GM;DDAIF From The Last 14 Days
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May 28, 2015
10:02 EDTGMOn The Fly: Analyst Upgrade Summary
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09:34 EDTGMActive equity options trading on open
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08:28 EDTGMOpel rules out deal with Fiat Chrysler, Reuters says
Opel CEO Karl-Thomas Neumann said he sees the need to improve volume, scale and utilization in the industry and in his company, but ruled out a deal with Fiat Chrysler (FCAU), whose own CEO has been vocal about the need for consolidation among automakers, Reuters reported. Neumann declined to comment on whether Opel would seek to join a consortium that is bidding for Nokia's (NOK) HERE mapping business and added that Opel has pared back the extent of cooperation projects with Peugeot (PUGOY) and focused on using parent company General Motors' (GM) platforms instead, the report added. Reference Link
08:19 EDTGMTakata attitude shifting, compromise sought, Reuters says
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07:59 EDTGMFiat Chrysler CEO sees another carmaker merger within three years, Reuters says
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07:09 EDTDDAIFAccuride signs multi-year agreement with Daimler Trucks North America
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06:50 EDTGMGeneral Motors upgraded to Equal Weight from Underweight at Morgan Stanley
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06:20 EDTGMGM ignition switch suits put on hold by U.S. judge, Reuters reports
Dozens of lawsuits accusing General Motors of hiding an ignition switch defect in its cars have been put on hold by a U.S. bankruptcy judge so plaintiffs can appeal an earlier ruling that found their cases were blocked, Reuters reports. U.S. Bankruptcy Judge Robert Gerber ruled that it could be "cumbersome" to dismiss the cases as GM had requested, and instead, the cases would be "simply stayed for the time being." Reference Link
May 27, 2015
18:51 EDTGM2016 Chevrolet models to feature Apple CarPlay, Android Auto
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06:07 EDTGMGeneral Motors implied volatility of 18 at lower end of index mean range
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06:05 EDTGMGM issued patent for system, method for auctioning geoboxed radio presets
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May 26, 2015
17:25 EDTGMGeneral Motors stock still looks like 'a buy', Barron's says
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13:20 EDTGMGM to Invest $1.2B in full-size truck plant
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05:59 EDTGMGM ignition fund approves claims for 107 deaths, Detroit News says
General Motors' ignition compensation fund said it has approved compensation for 107 deaths, an increase of three from the previous week, The Detroit News reports. An additional eight injured people also will be compensated, the report says. Reference Link
May 25, 2015
20:10 EDTGMFiat Chrysler CEO sent email to GM's Barra to suggest merger, NYT says
Fiat Chrysler (FCAU) CEO Sergio Marchionne sent an email in March to General Motors (GM) CEO Mary Barra discussing a potential merger of the two companies, the New York Times reported Saturday, citing two people with knowledge of the matter. Sources said Barra flatly rejected the idea, and also rejected Marchionne's offer to discuss the subject in person. Reference Link
18:56 EDTDDAIFDaimler to invest EUR500M in Berlin Mercedes-Benz plant
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17:55 EDTGMProsecutors nearing criminal charges for GM, WSJ says
The Manhattan U.S. attorney’s office has concluded that General Motors made misstatements about faulty ignition switches for over a decade and will likely pursue a fine exceeding $1B, reports The Wall Street Journal, citing people familiar with the matter. Sources said prosecutors have still not determined whether to charge individual GM employees. GM will probably strongly oppose a guilty plea, said one of the sources. Reference Link
12:37 EDTDDAIFQualcomm, Daimler announce strategic collaboration on connected car technology
Daimler AG (DDAIF) and Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), announced a strategic collaboration focused on vehicle innovation. In the first phase of the collaboration, the companies will focus on developing vehicles with mobile technologies such as 3G/4G connectivity, wireless charging technology, and implementation of the Qualcomm "Halo" wireless electric vehicle charging technology. In addition, the companies are jointly assessing the application of Qualcomm's newly developed "Automotive Solutions." Qualcomm Technologies is collaborating with Daimler on its wireless power transfer 2.0 program for electric vehicles. The Qualcomm Halo technology could allow Daimler customers to charge their electric vehicles and plug-in hybrid EVs without having to plug them in. In addition, Qualcomm WiPower technology enables consumer electronics to charge wirelessly in-vehicle.
May 22, 2015
18:01 EDTGMGeneral Motors stock is significantly undervalued, Barron's reports
General Motors’ stock trades at 7.5 times forward earnings, and is about 55% cheaper than the broad market, making it significantly undervalued, Barron's reports. Reference Link
08:57 EDTDDAIFNokia CEO says good bids received but no rush on selling HERE, Retuers reports
Nokia (NOK) CEO Rajeev Suri said the company has received high quality bids for its HERE maps unit, while declining to comment on bidders, but added that the company is in no hurry to sell, reported Reuters, citing comments made in an interview with trade magazine European Communications. Prior reports have indicated that Daimler's (DDAIF) Mercedes-Benz, Volkswagen's (VLKAY) Audi and BMW (BAMXY) are partnering with private equity firm General Atlantic in their pursuit of the unit, while Uber is said to be teaming up with Baidu (BIDU) and Apax Partners to also pursue a bid. Reference Link
May 21, 2015
15:48 EDTGMU.S DOT extends federal oversight of General Motors
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12:47 EDTGMGabelli says 'just started buying' General Motors in last 60 days
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09:15 EDTDDAIFGerman automakers partnering with PE firm on bid for Nokia unit, Reuters says
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May 20, 2015
06:08 EDTDDStocks with implied volatility below IV index mean; DD GE
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06:00 EDTGMTakata to widen airbag recall to nearly 34M, enters Consent Order
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May 19, 2015
14:31 EDTGMCovisint expands strategic relationship with Cisco, General Motors
Covisint (COVS) announced that it has reached a definitive agreement with Cisco (CSCO) to use the Covisint platform to power General Motors (GM) OnStar and SupplyPower through 2020. Under the terms of this five-year, non-cancelable contract, GM will materially increase their use of the Covisint platform to support growth in these solutions. This economically favorable transaction is a major milestone in the strategic partnership with Cisco, and a win for General Motors, Cisco and Covisint.
13:20 EDTGMTakata expected to recall 33.8M vehicles, Detroit News reports
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12:58 EDTDDIcahn 'sad' Peltz didn't win proxy fight, DuPont should have 'accountability
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07:36 EDTGMAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
07:08 EDTGMGeneral Motors sees maintaining profitability goals in China, WSJ reports
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May 18, 2015
13:37 EDTDDAIFBaidu, Uber teaming up to pursue Nokia's maps unit, Bloomberg reports
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10:00 EDTHONHoneywell provides 2018 core organic growth targets
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09:57 EDTHONHoneywell repeats FY15 EPS view $6.00-$6.15, consensus $6.09
Repeats FY15 revenue view $39B-$39.6B, consensus $39.39B. Sees FY15 segment margin up 170-200bps, sees FY15 free cash flow $4.2B-$4.3B. Sees 2H core organic sales acceleration. Says "confident" in 2015 outlook. Says busineses well positioned to grow.
09:55 EDTHONHoneywell sees Q2 EPS $1.56-$1.51, consensus $1.49
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09:54 EDTGMNHTSA looks to accelerate V2V rollout by automakers, Motor Authority says
Automakers have been notified that initial proposals for the implementation of vehicle-to-vehicle technology will be outlined by before January 1, 2016, which would be a full year ahead of schedule, according to Motor Authority. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Mobileye (MBLY) makes chips utilized in advanced driver assistance systems. Reference Link
09:49 EDTHONEquity options with increasing volume
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07:19 EDTHONElectric Products Group to hold a conference
EPG 2015 is being held in Longboat Key, Florida on May 18-20 with webcasted company presentations to begin on May 18 at 7:30 am; not all company presentations may be webcasted. Webcast Link
06:58 EDTHONHoneywell says M&A pipeline includes over 100 potential targets, Bloomberg says
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06:26 EDTGMStudy shows Toyota and Honda leads in best supplier relations, Reuters says
A new study revealed that Toyota (TM) and Honda (HMC) led automakers with U.S. plants in supplier relations, reports Reuters. According to the study led by Planning Perspectives President John Henke, Toyota led Honda while Ford (F) was a distant third and Nissan (NSANY) came in fourth. General Motors (GM) and Fiat Chrysler (FCAU) were last on the list. Reference Link
May 15, 2015
17:07 EDTDDTrian Fund gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: PepsiCo (PEP), Mondelez (MDLZ), Bank of New York Mellon Group (BK), and Du Pont (DD). DECREASED STAKES: Family Dollar (FDO), and Ingersoll-Rand (IR). LIQUIDATED STAKES: Lazard (LAZ).
16:51 EDTGMGreenlight Capital gives quarterly update on stakes
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16:28 EDTGMAppaloosa Management gives quarterly update on stakes
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16:21 EDTDDStocks end week little changed as data, deals offset bond yield jumps
Stocks ended the week little changed as a number of M&A deals and a few relatively strong economic data points offset worries about rising bond yields. MACRO NEWS: U.S. weekly jobless claims came in better than expected and reached the lowest four-week average level in 15 years... In Europe, the combined GDP of the 19 eurozone countries grew 0.4% in the first quarter, which was a bit weaker than the 0.5% consensus growth forecast but a pickup from the 0.3% growth pace of the final quarter of last year. Of note, all four of the euro zone's largest economies recorded growth in the same quarter for the first time since the first half of 2010... The People's Bank of China reduced its one year interest rate by 0.25%, marking the third time in the last six months that the central bank has cut benchmark rates... Bond yields surged in many of the world's largest economies, raising worries about inflation and putting pressure on stocks in the beginning of the week. COMPANY NEWS: There was a significant amount of M&A activity again this week, with the headliner being Verizon's (VZ) deal to acquire AOL (AOL) for $50 per share in a transaction valued at $4.4B. Danaher (DHR) agreed to buy purification technologies supplier Pall Corporation (PLL) for $127.20 per share in cash. Danaher also announced that it plans to split itself into two publicly traded companies. Energy infrastructure company Williams (WMB) announced a simplification deal to buy its affiliate Williams Partners (WPZ) for $13.9B in an all-stock transaction. Energy exploration company Noble Energy (NBL) agreed to acquire Rosetta Resources (ROSE) in an all-stock deal. Noble is buying Rosetta for $2.1B in stock plus the assumption of Rosetta's net debt of $1.8B... Alibaba (BABA) acquired a 9.3% stake in Zulily (ZU), an e-commerce retailer geared toward women. A person familiar with the matter reportedly told the Wall Street Journal that the Chinese e-commerce giant is not pursuing an outright acquisition of the U.S. company, however... Shares of Netflix (NFLX) jumped Friday and hit a new all-time high after Bloomberg reported that the company is in talks with Wasu Media, a Chinese media company backed by Alibaba Executive Chairman Jack Ma, about forming a partnership to bring its content to China... Nelson Peltz's Trian Fund Management lost its proxy fight with DuPont (DD) as Trian did not succeed in getting its nominees elected to the DuPont board. INDEXES: For the week, the Dow rose 0.45% to 18,272.56, the Nasdaq gained 0.89% to 5,048.29, and the S&P 500 climbed 0.31% to 2,122.73.
May 14, 2015
11:43 EDTGMU.S. appeals court dismisses UAW retiree benefit suit, Reuters reports
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10:00 EDTDDOn The Fly: Analyst Upgrade Summary
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09:03 EDTGMGeneral Motors to invest $1B in Warren Technical Center campus
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07:53 EDTHONRBC Capital to hold a conference
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07:38 EDTDDDuPont upgraded to Neutral at BofA/Merrill
As previously reported, BofA/Merrill upgraded DuPont to Neutral from Underperform. The firm expects DuPont to emerge from the recent proxy battle as a stronger, leaner company and views risk-reward as more balanced. Price target is $76.
06:58 EDTDDDuPont pullback a buying opportunity, says Deutsche Bank
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06:28 EDTDDDuPont upgraded to Neutral from Underperform at BofA/Merrill
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