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Stock Market & Financial Investment News

News Breaks
May 18, 2014
14:41 EDTJCIJohnson Controls to create automotive-interiors business JV with China partner
Johnson Controls (JCI), and Yanfeng Automotive Trim Systems, a wholly owned subsidiary of Huayu Automotive Systems, the component group of Shanghai Automotive Industry Corporation, SAIC, announced the signing of a definitive agreement to form a global automotive interiors joint venture. The agreement is a noncash transaction comprised of asset contributions by the two parties that will create the largest automotive interiors company in the world with revenues of approximately $7.5B. Yanfeng will hold the majority 70% share in the joint venture, and Johnson Controls will have a 30% share. "Joining our two interiors businesses is a natural extension of our already very successful existing partnership with Yanfeng in automotive seating, which has flourished over the past 15 years. It creates a strong combined company with a market leading position and a foundation for sustained global growth," said Alex Molinaroli, Johnson Controls chairman and chief executive officer. "This also aligns with Johnson Controls' corporate commitment to China, which is increasingly becoming a major center for the global automotive industry."The new company will be headquartered in Shanghai with global engineering, development and customer centers in the United States, Europe, China, Japan and India. The product portfolio will include instrument panels and cockpit systems, door panels and floor consoles. The transaction is subject to limited conditions and is expected to close in the first half of calendar year 2015. The agreement excludes certain facilities in both Yanfeng and Johnson Controls' existing networks. Johnson Controls will continue to operate those within its network as part of Johnson Controls' Automotive Experience business. Johnson Controls will host an analyst call Monday, May 19 at 3 p.m. CDT.
News For JCI From The Last 14 Days
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July 18, 2014
07:08 EDTJCIJohnson Controls sees Q4 EPS $1.00-$1.02, consensus $1.01
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07:07 EDTJCIJohnson Controls reports Q3 Automotive Experience revenue up 7% to $5.7B
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07:05 EDTJCIJohnson Controls reports Q3 adjusted EPS 84c, consensus 83c
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July 17, 2014
15:26 EDTJCINotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include General Electric (GE), consensus 39c; Honeywell (HON), consensus $1.36; Bank of New York Mellon (BK), consensus 56c; Johnson Controls (JCI), consensus 83c; V.F. Corporation (VFC), consensus 35c; Kansas City Southern (KSU), consensus $1.17; Autoliv (ALV), consensus $1.55.
14:18 EDTJCIJohnson Controls technical comments ahead of results
The stock has moderately outperformed broader averages in the last three months. There is an active technical pattern on the weekly chart, a bullish flag, that has potential to the $60 area. The issue now is whether or not the fundamental news can support the continuation of this pattern. At the current price of $50.17, the stock is trading close to its 52-week high at $52.50 which is also its life high. A test up to $55 and then perhaps on to $60 would be doable given the absence of overhead resistance. If the news fails to meet expectations, a first support of significance would be at the $47 area. There was considerable resistance overcoming that price point in the last six months which may help that area serve as support. Further levels below as possible downside objectives depending on the severity of the news would be at $45.21 and then at $43.64.

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