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Stock Market & Financial Investment News

News Breaks
February 28, 2013
11:32 EDTAN, TM, VLKAY, HMC, F, NSANY, GMU.S. auto sales near pre-recession levels on low financing, Bloomberg says
U.S. auto sales are near pre-recesion levels on attractive financing as U.S. light-vehicle sales probably climbed 3.7% in February to 1.19M, the average estimate of 10 analysts in a Bloomberg survey, reports Bloomberg. Reference Link
News For VLKAY;GM;F;TM;NSANY;HMC;AN From The Last 14 Days
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July 21, 2015
18:33 EDTTMToyota to delay building Lexus brand in China, Reuters reports
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14:44 EDTANAutoNation technical comments ahead of earnings
The shares have been moving sideways in a narrow range since February of this year. The low of that range is at $61.50 and the high is at $66.50, with the notable exception of the single high point at the 52-week high at $67.50. On a long-term chart this sideways motion is not even noticeable, but is simply part of a long-running bullish price channel that began in mid-2012. On strongly bullish news, a breakout above the range high and 52-week high would be likely. That would put the shares into uncharted territory and open up a run to the $70 area. By extending the long-term price channel (10-year chart basis) the $70 area is its upper-bound. If the news is a bearish surprise, the first downside test of significance would be at $61.50, which is the 10-month moving average and the range low. This average has been a good proxy for an uptrend support line. Next support would then be at $60. A sustained move for more than a month at or below that level would break the long-term uptrend. Support below $60 would be at $57.48.
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 EDTVLKAY, TM, F, NSANY, HMC, GMJeep 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
08:07 EDTVLKAYBorgWarner provides R2S turbocharging technology to Volkswagen
BorgWarner (BWA) provides its two-stage, or R2S, turbocharging technology for Volkswagen's (VLKAY) new high-performance diesel engine. Engineered to comply with the Euro 6 emissions standard, the 2.0-liter four-cylinder engine is the most powerful diesel engine in its class.
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 EDTF, VLKAY, GM, HMC, NSANY, TMHERE 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).
09:07 EDTHMCHonda Aircraft expands HondaJet sales to South America
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06:43 EDTGMGM's Opel to cut production at two German factories, Reuters reports
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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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06:22 EDTNSANYGhosn: Nissan considering using LG Chem batteries for EV, 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 EDTGM, NSANY, VLKAY, F, HMC, TMGM slips after Barclays downgrades auto sector on China downturnbw
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10:00 EDTGMOn The Fly: Analyst Downgrade Summary
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07:34 EDTVLKAY, FEuropean 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
07:30 EDTGMGeneral Motors downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded the U.S. Autos and Auto Parts sector to Negative from Neutral and cut its rating on General Motors (GM) to Equal Weight from Overweight. The firm sees further sector underperformance as China car sales continue to disappoint and Chinese production goes negative against a peak in the U.S. auto industry and a slow recovery in Europe. The firm sees few near-term catalysts for General Motors given is larger exposure to China and little that will change its perception by investors as a "value trap." Barclays lowered General Motors' price target to $36 from $44.
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