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Stock Market & Financial Investment News

News Breaks
March 7, 2014
16:54 EDTRSH, SWY, F, SPLS, TMUkraine, U.S. jobs dominate headlines as markets log gains
Stocks on Wall Street were higher in a week that saw instability in Ukraine dominate headlines early, with a better-than-expected U.S. jobs report finishing the week. MACRO NEWS: Global markets started the week lower on concerns regarding the situation in Ukraine, and while the flow of news coming out of the region did not slow during the week, it appeared to weigh less prominently on investors as the week wore on... On Monday, China's final Markit/HSBC manufacturing Purchasing Managers' Index for February fell for the third straight month to a seven-month low of 48.5... The U.S. non-farm jobs report for February showed the economy added 175,000 jobs, exceeding economists' expectations for 150,000. Despite the better-than-expected job gains, the unemployment rate edged higher to 6.7% from last month's 6.6% level... The Federal Reserve released its latest Beige Book report of economic activity on Wednesday, which showed that economic activity in eight of the central bank's twelve districts saw modest to moderate improvements since the last survey. The report showed, however, that the severe winter weather has weighed on retail sales. COMPANY NEWS: Auto sales fell for major US and Japanese brands, including Ford, which saw sales slide 6% and Toyota (TM), which saw sales slide 4% for February... Legacy big box retailers RadioShack (RSH) and Staples (SPLS) both reported earnings this week that disappointed and announced plans to close stores. RadioShack announced it would close 1,100 stores and said it is not considering a pre-packaged bankruptcy, while Staples said it would close 225 stores in North America and said it will no longer provide annual sales or earnings guidance. Shares of both retailers fell more than 15% during the week... Safeway (SWY) announced a deal Thursday night to be acquired by Albertsons, which is owned by private-equity firm Cerberus Capital, in a deal that values the grocer at about $40 per share. Shares of Safeway lost about 2% after the deal, which had been roundly telegraphed in recent media reports, was formally announced. Shares of Safeway, however, have gained about 60% over the 52-week period ended with today's trade. INDEXES: The Dow was up 0.8% to 16,452.72, the S&P 500 was up 1% to 1,878.04, and the Nasdaq was up 0.6% to 4,336.22.
News For TM;F;RSH;SPLS;SWY From The Last 14 Days
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July 23, 2015
06:19 EDTFUAW concerned over auto production moving to Mexico, NYT says
The greatest concern for the United Automobile Workers, or UAW, union as it enters discussions on new contracts with Detroit auto makers Fiat Chrysler (FCAU), Ford (F), and General Motors (GM) is losing vehicle production to lower-wage countries such as Mexico, the New York Times reports. Union president Dennis Williams was upset over comments last week that suggested that Ford was considering sending work to Mexico in an effort to cut costs, the report says. "I will save my comments on Ford for when we open up negotiations,” Mr. Williams said. “But it is always concerning to me when any company invests outside the United States.” Reference Link
July 22, 2015
15:02 EDTFOptions Update; July 22, 2015
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08:54 EDTFFord recalling 8,000 vehicles in North America for issue with parking brake
Ford said it is issuing a safety compliance recall for approximately 8,000 vehicles in North America, including certain 2015-2016 Ford Explorer, and certain 2015 Taurus and Flex, as well as Lincoln MKS and MKT vehicles for an issue with the parking brake. In these vehicles, the parking brake might not engage fully, which is a compliance issue with FMVSS 135 regarding brake systems. Ford is not aware of any accidents or injuries associated with this issue. Affected vehicles include certain 2015-2016 Ford Explorer vehicles built at Chicago Assembly Plant, May 4, 2015 through May 23, 2015; certain 2015 Ford Taurus vehicles built at Chicago Assembly Plant, May 4, 2015 through May 23, 2015; certain 2015 Ford Flex vehicles built at Oakville Assembly Plant, May 4, 2015 through May 23, 2015; certain 2015 Lincoln MKS vehicles built at Chicago Assembly Plant, May 4, 2015 through May 23, 2015; and certain Lincoln MKT vehicles built at Oakville Assembly Plant, May 4, 2015 through May 21, 2015. There are 7,165 vehicles in the United States and federalized territories, 799 in Canada and one in Mexico.
07:18 EDTF, TMAir bag aging poses threat to millions of U.S. drivers, NBC News reports
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July 21, 2015
18:33 EDTTMToyota to delay building Lexus brand in China, Reuters reports
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12:22 EDTTMFormer Toyota exec plans to make supplier more competitive, Bloomberg says
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11:05 EDTTM, FAfter Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi
After Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi The shares of Harman (HAR) and Delphi Automotive (DLPH) are rising after Wells Fargo predicted that the companies would benefit from the increasing need to protect cars from cybersecurity attacks after Wired reported on hackers discovering methods that can be used to take control of vehicles. BACKGROUND: Two computer hacking researchers showed that they could seize control of a Jeep Cherokee, made by Fiat Chrysler (FCAU), using a technique called a zero-day exploit, Wired reported today. Using the same technique, the hackers can control "any of thousands of vehicles," the website reported. In the past, they have demonstrated how they were able to take control of a Ford (F) Escape and Toyota (TM) Prius, according to Wired. The hackers' technique involves taking control of vehicles' entertainment systems and sending commands to the vehicles' dashboard functions, steering, brakes, and transmission through their those systems, the website stated. ANALYST REACTION: In a note to investors today, Wells Fargo analyst David Lim responded to Wired's article by saying that cybersecurity has become a significant concern for automakers. Automotive technology suppliers such as Harman (HAR) and Delphi (DLPH) should benefit from auto makers' efforts to protect their vehicles from cyberattacks, Kwas believes. He reiterated Outperform ratings on Harman and Delphi. PRICE ACTION: In morning trading, Harman climbed about 2% to $108 and Delphi rose fractionally to $78.15. This version of the story replaces an earlier one to correct the lead analyst to David Lim.
09:40 EDTF, TMJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
06:13 EDTFFord to launch luxury pickup truck, Reuters reports
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July 20, 2015
14:33 EDTTMGoPro, Toyota partner to put camera mount in Tacoma, Wired says
GoPro (GPRO) and Toyota (TM) are partnering to place a a GoPro camera mount on the roofline of every new 2016 Toyota Tacoma, a first for a carmaker, says Wired. Toyota will not supply the camera, added Wired. Shares of GoPro are up 6.5% while Toyota is up fractionally. Reference Link
12:16 EDTTM, FHERE offering free HD map data for automated vehicle tests
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
10:17 EDTSPLSHigh option volume stocks
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July 19, 2015
12:50 EDTTMJapanese blue chips could see gains of 30% or more, Barron's says
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July 17, 2015
06:32 EDTTMProbe shows leaky seals cause Takata air bag explosions, WSJ reports
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July 16, 2015
16:00 EDTFOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
14:36 EDTTMToyota upgraded to Buy from Hold at Jefferies (pre-open)
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13:52 EDTTM, FGM slips after Barclays downgrades auto sector on China downturnbw
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07:34 EDTFEuropean June car sales grow on expanded economy, Bloomberg says
European car sales growth accelerated to its fastest pace in five and a half years in June as Volkswagen (VLKAY), PSA Peugeot Citroen (PUGOY), and Ford (F) brought in new customers with newer models and an expanding economy, Bloomberg reports. Registrations rose 15% to 1.41M vehicles from 1.23M last year, the report says, citing data from the European Automobile Manufacturers' Association, or ACEA. Reference Link
July 15, 2015
13:29 EDTFFord temporarily stops Edge sales to fix malfunction, AP reports
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06:09 EDTTMToyota recalling around 625,000 hybrid cars to fix software glitch, Reuters says
Toyota will recall around 625,000 hybrid cars globally, Reuters reports. Affected models include Prius v minivans made between May 2010-November 2014, the report says. Toyota is looking to fix a software glitch that could shut down the hybrid system while the car is being driven. Reference Link
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