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Stock Market & Financial Investment News

News Breaks
March 24, 2014
08:59 EDTNSANY, TSLA, TM, VLKAY, HMCAudi planning pure electric plug-in SUV crossover, Overdrive reports
Audi, owned by Volkswagen, is planning a pure electric plug-in SUV crossover, Overdrive reports. The electric SUV will be based on the automaker's new Q7 and will be called the Q8 e-tron, the publication adds. Reference Link
News For VLKAY;TSLA;HMC;TM;NSANY From The Last 14 Days
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February 2, 2016
11:23 EDTTMToyota reports January U.S. sales down 4.7% to169,194 units
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11:19 EDTTSLATesla estimated to deliver 850 Model S sedans in NA in January, Inside EVs says
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10:38 EDTVLKAYVolkswagen reports January U.S. sales down 14.57% to 20,0379 units
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10:30 EDTHMCHonda reports January U.S. sales down 1.7% to 100,497 vehicles
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09:07 EDTNSANYNissan reports January U.S. sales up 1.6% to 105,734 units
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09:04 EDTNSANYNissan reports January U.S. sales up 1.6%, Bloomberg says
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07:30 EDTTSLAPacific Crest more cautious on Tesla after channel checks
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07:09 EDTHMC, TM, VLKAY, NSANYTrueCar projects U.S. revenue from new vehicle sales reached $38B in January
TrueCar projects U.S. revenue from new vehicle sales reached a record high for the month of January of $38 billion, up 1.4 percent from a year ago. January marked the auto industry's 25th consecutive month of year over year revenue expansion. Higher average transaction prices helped automakers post a $520 million gain in revenue versus January 2015, despite a likely increase in incentive spending and somewhat lower sales compared with a year ago. As previously announced, TrueCar projects sales of new cars and light trucks contracted 0.3 percent last month. Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
February 1, 2016
18:46 EDTHMC, VLKAY, NSANY, TMAutomakers hit with additional costs due to China regulatory shift, Reuters says
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16:01 EDTTSLAOptions Update; February 1, 2016
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14:42 EDTTSLATesla applies for Michigan dealership license, Detroit News says
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13:24 EDTTSLA, VLKAYTesla bull cuts target as competition ramps more quickly than new models
Shares of Tesla (TSLA) dipped significantly in early trading before later rebounding after Morgan Stanley cut its price target on the automaker to $333 from its previous $450, with the research firm citing a slow production ramp for its new car models, potentially weakened consumer demand amid cheap oil, and clearly heightening competition in the electric and autonomous vehicle space. LOW DEMAND, MORE COMPETITION: Morgan Stanley analyst Adam Jones cut his price target on Tesla to $333 from $450, arguing Monday that the carmaker is facing a slow production ramp for the Model X as well as the Model 3, which Jones said may launch in late 2018, missing the company's internal target by at least one year. It is reasonable to assume, Jones said, that Tesla is taking a deliberate, quality-conscious pace for Model X production while also shuffling personnel to help with the car's early rollout, impacting the launch of the mass-market Model 3 even as the company grapples with potentially reduced consumer demand in today's cheap oil environment. Given his assumption of lower volumes, the analyst's revised his 2020 forecast for complete vehicle deliveries to less than half of Tesla's own 500,000 target. For 2016, the analyst cut his total delivery forecast 2% to roughly 70,000 units, including a revision of Model X expectations to 15,000 from 18,500. Contributing to Tesla's headwinds, its consumer energy storage solution looks to be more expensive than previously thought, while competition in the shared and autonomous mobility arena has increased markedly. Indeed, competing efforts from Ford (F), Volkswagen (VLKAY), Alphabet (GOOG) and many others appear "genuine" and are likely to see significant investment follow-through, potentially pressuring Tesla's margins as it increases R&D spend to keep pace, Jones argued. That said, the analyst keeps an Overweight rating on the shares, explaining that while Tesla remains a high risk name that burns plenty of cash to fuel its ambitious plans, it may still be the best positioned company in the ongoing "Auto 2.0" transition. PRICE ACTION: After quickly dropping as low as $182.75 in early trading, shares of Tesla are now up 2.6% to $196.14 in afternoon trading.
09:36 EDTTSLAActive equity options trading on open
Active equity options trading on open: BAC AAPL FB AMZN TWTR MGM MCD NFLX GILD INTC TSLA AA BABA C
08:58 EDTTSLATesla target cut to $333 on lower Model X, 3 expectations at Morgan Stanley
Morgan Stanley analyst Adam Jonas said manufacturing and engineering troubles delayed the Model X launch by at least one year and may have added "hundreds of millions of dollars" to costs for Tesla. While the company focuses significant effort on the Model X, Jonas repeats his expectation that the Model 3 will not launch until late 2018, which is at least one year later than the company is targeting. Citing the Model X and Model 3 concerns, as well as a lower valuation for Tesla Energy and rising competition in the shared mobility space, Jonas cut his price target on Tesla shares to $333 from $450, but maintains an Overweight rating on the stock.
08:29 EDTTSLATesla moves lower in pre-market trading
The stock is down over 3.2% to $184.93 on light volume. At that price next support is at $181.40, the 52-week low. Resistance is at $189.80.
06:07 EDTTSLATesla CEO Musk raises stake in company, MarketWatch reports
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05:48 EDTTMToyota confirms plans to halt domestic production from February 8-13
Due to parts shortages resulting from an explosion that occurred on January 8 at an Aichi Steel Corporation manufacturing facility, Toyota Motor Corporation will suspend all production on its vehicle assembly lines within Japan from February 8 through 13. Operations are scheduled to recommence on February 15, and vehicle production on lines outside Japan will not be suspended. Toyota will continue to take any measures necessary to minimize the impact of this incident on vehicle production. Such measures may include production on alternate lines operated by Aichi Steel and procurement from other steelmakers.
January 31, 2016
20:43 EDTTMOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
19:39 EDTTMToyota may halt domestic production amid steel shortage, Reuters says
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19:33 EDTVLKAYVolkswagen operating results 'good,' not pressured to sell trucks, Reuters says
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