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Stock Market & Financial Investment News

News Breaks
March 25, 2014
12:28 EDTGM, WAG, CCL, SONC, HIMX, MKCOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Nasdaq lagging the other major indexes for a second session in a row. Stock index futures were higher during pre-market trading, leading to a higher open for the broader market. The averages began to slip about an hour into trading and the tech-heavy Nasdaq was the first to fall into negative territory. Despite a consumer confidence reading that hit its highest level in about six years, the benchmark S&P 500 is little changed near noon. ECONOMIC EVENTS: In the U.S., the Conference Board’s index of consumer confidence rose to 82.3 in March from 78.3 a month earlier, beating expectations and hitting its highest level since the beginning of 2008. The S&P/Case-Shiller index of property values in 20 cities increased 13.2% from the prior year in January. New home sales dropped 3.3% to a 440K rate in February. Analysts had forecast a 4.9% decrease in the month. The Richmond Fed's business activity survey for March came in at -7, marking its second negative reading in a row. COMPANY NEWS: Walgreen (WAG) shares climbed 3% despite a headline earnings miss after the company said it plans to close 76 drugstores and expects more synergies from its Alliance Boots acquisition... Shares of cruise line operator Carnival (CCL) declined over 5% after the company narrowed its full-year profit forecast, citing higher costs. MAJOR MOVERS: Among the notable gainers was drive-in restaurant operator Sonic (SONC), which rose more than 9% after its quarterly earnings beat analysts’ consensus estimate. Also higher following its earnings report was spice maker McCormick (MKC), which advanced 6%. Among the noteworthy losers was Himax Technologies (HIMX), which fell 15% after Bank of America Merrill Lynch downgraded the stock two notches to Underperform from Buy. Also lower were shares of General Motors (GM), which slid 2.5% amid more press reports regarding its botched recall of vehicles with faulty ignition switches. The New York Times said GM lied about the evidence it had regarding defects in its cars, while Reuters reported that two GM customers filed an emergency motion seeking to compel the carmaker to warn owners to immediately stop driving the 1.6M vehicles that have been recalled over the switch issues. INDEXES: Near midday, the Dow was up 35.13, or 0.22%, to 16,311.82, the Nasdaq was down 19.32, or 0.46%, to 4,207.06, and the S&P 500 was up 0.34, or 0.02%, to 1,857.78.
News For WAG;CCL;SONC;HIMX;MKC;GM From The Last 14 Days
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October 13, 2014
12:10 EDTGMGM lawyer says 27 people eligible for ignition switch compensation, AP reports
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06:44 EDTGMRegulators seeking banks' auto loan data, Reuters reports
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06:41 EDTWAGWalgreens to roll out Apple Pay on October 18, MacRumors reports
Walgreens (WAG) will begin rolling out Apple Pay (AAPL) on Saturday, October 18, according to a memo obtained by MacRumors. Reference Link
06:13 EDTWAGWalgreen implied volatility of 25 at lower end of index mean range
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October 12, 2014
17:21 EDTGMTesla ahead of other car makers on semiautonomous driving system, WSJ says
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October 10, 2014
06:12 EDTGMGeneral Motors reports September China sales up 15.2% to 319,936
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06:04 EDTWAGWalgreen implied volatility of 24 at lower end of index mean range
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October 9, 2014
09:17 EDTGMOmix Ada recalls floor mats used in Chevrolet, GMC trucks, SUVs
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October 8, 2014
06:02 EDTWAGWalgreen implied volatility of 23 at lower end of index mean range
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October 7, 2014
13:46 EDTCCLCarnival finalizes Netherlands land purchase, begin construction in 2015
Carnival Corporation finalized its land purchase in Almere, Netherlands, marking the official start of development for its state-of-the-art training facility that will serve 6,500 deck and technical officers from all nine of its global cruise brands each year. The centerpiece of the new campus will be a new and three-times-larger Center for Simulator Maritime Training, Carnival Corporation's world-class maritime training, professional development and research facility, already operating in Almere. Construction on the facility is expected to begin in 2015.
12:56 EDTGMGM recalls Chevrolet Caprices due to transmission selector lever defect
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12:26 EDTGMGeneral Motors trades sharply lower, nearing 52-week low
The stock has been trading down since the open, last at $32.18 and just above the 52-week low at $31.67. If the shares break down through the 52-week low, next support would be at $30.50. Resistance is at $32.87.
11:25 EDTGMStocks with call strike movement; SLV GM
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10:17 EDTHIMXSamsung outlook miss weighs on suppliers
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08:29 EDTGMGeneral Motors recalls 290,241 Cadillac SRX, SAAB 9-4X vehicles
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08:28 EDTGMGeneral Motors recalls 10,005 Cadillac CTS-V, STS-V vehicles
General Motors is recalling 10,005 model year 2004-2007 Cadillac CTS-V vehicles manufactured October 6, 2003, to March 15, 2007, and 2006-2007 Cadillac STS-V vehicles manufactured June 23, 2005, to March 15, 2007. In the affected vehicles, the electrical terminals of the fuel pump module may overheat resulting in the melting of the flange material. If the flange melts, a hole may be created allowing the fuel pump to leak fuel, causing the vehicle to stall, increasing the risk of a vehicle crash. Additionally, leaking fuel in the presence of an ignition source increases the risk of a fire.
08:26 EDTGMGM recalls 46,873 vehicles from 2008-2013, including Chevrolet Caprice
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08:10 EDTGMGeneral Motors estimates lowered, price target to $27 at Morgan Stanley
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06:43 EDTGMGM using Facebook, calls to reach out and get recalled cars fixed, AP reports
General Motors (GM) is using Facebook (FB) messages and phone calls to reach out to vehicle owners who have yet to bring in their cars the company has recalled, reports the Associated Press. CEO Mary Barra has also sent a personal letter urging people to get the switches replaced. Reference Link
05:52 EDTHIMXStocks with implied volatility movement; S HIMX
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