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Stock Market & Financial Investment News

News Breaks
March 24, 2014
04:55 EDTT, T, T, GPN, GPN, GPN, FORR, FORR, FORR, QCOM, QCOM, QCOM, IT, IT, IT, SIRI, SIRI, SIRI, KSS, KSS, KSS, NKE, NKE, NKE, VIA, VIA, VIA, CSCO, CSCO, CSCO, GM, GM, GM, PGR, PGR, PGR, DAL, DAL, DALRutberg Holdings to hold a summit
Rutberg Global Summit 2014 is being held in Atlanta, Georgia on March 25-26 with a 7 pm reception on March 24.
News For T;PGR;GM;CSCO;VIA;NKE;KSS;SIRI;IT;QCOM;FORR;GPN;DAL From The Last 14 Days
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August 19, 2015
07:40 EDTKSSKohl's management to meet with MKM Partners
Meeting to be held in Menomonee Falls, WI on August 25 hosted by MKM Partners.
06:18 EDTQCOMQualcomm exec among casualties in midair plane crash, AP reports
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August 18, 2015
20:00 EDTDALAirline stocks fall as companies face probes, labor issues, WSJ says
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16:50 EDTGMGM's future Buick production may shift to Europe, China, Reuters reports
According to two sources familiar with General Motors' plans, the majority of Buick vehicles sold in the United States after 2016 may be imported from China and Europe, Reuters reports. Reference Link
16:00 EDTDALOptions Update; August 18, 2015
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15:58 EDTGMGM's future Buick production may shift to Europe, China, Reuters reports
11:34 EDTTSprint rises on plans to abandon two-year contracts
Sprint shares are higher this morning after the company's chief executive officer said that the carrier plans to move away from two-year contracts. WHAT'S NEW: In an interview with The Wall Street Journal, Sprint CEO Marcelo Claure said that the company will stop offering two-year contracts by the end of 2015 in favor of a "smartphone lease" model. Sprint began offering a lease option last year, The Journal noted, and Claure said the carrier is planning to move entirely to that model by the end of the year. As part of its shift, Sprint yesterday unveiled iPhone Forever, a new leasing plan that starts at $22 per month for an iPhone. WHAT'S NOTABLE: In a similar move earlier this month, Sprint rival Verizon (VZ) said it would drop phone subsidies and two-year contracts for new customers. T-Mobile (TMUS), another market rival, abandoned contracts over two years ago, leaving AT&T (T) as the only major U.S. carrier still offering to subsidize new smartphone purchases. Separately, Softbank (SFTBF), Sprint's primary stakeholder, disclosed last week that it increased its holdings in the company to approximately 80%, though the company said it does not plan for its stake in the carrier to exceed 85%. Meanwhile, a study released Tuesday by RootMetrics, an independent company that evaluates wireless networks, shows that Sprint is improving its network, having solidified third place nationally in overall performance, surpassing T-Mobile for the second consecutive six-month stretch. PRICE ACTION: Sprint is up 7c, or 1.52%, to $4.67 in morning trading.
11:01 EDTCSCOScansource exercises LOI to acquire assets of KBZ
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08:46 EDTKSSAbercrombie & Fitch confirms new leadership team for A&F brand
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05:55 EDTQCOMQualcomm to supply all modem chips for next iPhone, DigiTimes reports
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August 17, 2015
11:18 EDTCSCOEZchip to supply chips to cloud data centers, Bloomberg says
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10:09 EDTCSCOOn The Fly: Analyst Downgrade Summary
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07:42 EDTGMNew 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%.
07:39 EDTCSCOTMC to hold a conference
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06:45 EDTCSCOCisco downgraded to Equal Weight from Overweight at Morgan Stanley
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06:26 EDTTAmerica Movil removes charges on U.S. calls for Mexican clients, Reuters says
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06:17 EDTTAT&T aided NSA in web surveillance, NYT reports
The National Security Agency's, or NSA, ability to spy on great amounts of internet traffic has relied on a decades-long partnership with AT&T, the New York Times reports, citing newly disclosed NSA documents. The company's cooperation with the NSA has involved a broad range of activities from 2003-2013, including giving the NSA access to billions of emails and providing technical assistance in carrying out a secret court order permitting the wiretapping of all web communications at the UN headquarters, the report says. AT&T installed surveillance equipment in "at least" 17 of its U.S. internet hubs, the report says. Reference Link
August 16, 2015
18:20 EDTDALFAA working with airlines to restore operations after August 15 cancellations
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16:59 EDTVIA'Straight Outta Compton' sidesteps rivals in $56.1M weekend debut
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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
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