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Stock Market & Financial Investment News

News Breaks
March 1, 2012
12:27 EDTWMT, HUSA, VE, PEGA, GM, F, FIATY, GPS, TGT, M, DGIOn The Fly: Mid-Day Wrap
Stocks on Wall Street were higher at mid-day, as unemployment claims remained relatively low and retail sales rose. Each of the major indices is higher, with the Nasdaq near its highs of the day. The futures received a boost following in-line jobless claims data, and after the bell rang investors generally ignored the worse-than-expected construction spending number and the ISM data which also fell short of forecasts. The market weakened ever so slightly but continues to show it is resiliency, with the Nasdaq poised to overtake the 3000 level again... ECONOMIC EVENTS: Domestically, 351,000 initial jobless claims were reported, versus the expected 355,000. Personal income for the month of January showed an increase of 0.3%, versus the expected increase of 0.5%, while personal spending was up 0.2%, versus the expected increase of 0.4%. Construction spending fell 0.1% in January, versus expectations for an increase of 1.0%. The ISM manufacturing index read 52.4, which was below the expected 54.5. In Europe, sovereign debt yields declined following the latest LTRO and ISDA ruled that no "credit event" had occurred due to Greece's debt swap arrangements. In China, the official PMI reading came in at 51, which was a month-over-month improvement and indicated expansion... MARKET NEWS: Wal-Mart (WMT) raised its dividend by about 9%. In other retail news, February same store sales were generally strong, with Macy's (M) reporting comparable sales up 4.6% and Target (TGT) saying SSS were up 7%. Among clothing retailers, Gap (GPS) was one of the biggest beneficiaries of a report that surprised to the upside... All the auto makers reporting so far this morning announced increased sales, with Chrysler (FIATY) saying sales were up 40% in February, Ford (F) up 14% and General Motors (GM) up 1% in spite of forecasts that its sales would have declined... MAJOR MOVERS: Among the notable gainers were Pegasystems (PEGA), after its earnings and revenue beat Street expectations, and Veolia Environment (VE), after it reaffirmed its 2012-2013 goal to sell EUR5B in assets and said it is in exclusive talks with an undisclosed investor to sell its stake in its transport unit. Noteworthy losers included Houston American Energy (HUSA), after revealing that its Tamandua #1 well has been plugged, and DigitalGlobe (DGI), following a report of adjusted earnings that missed estimates... INDICES: Near 12:20 pm ET, the Dow was up 49.38, or 0.38%, to 13,001.45; the Nasdaq was up 22.73, or 0.77%, to 2,989.62; and the S&P 500 was up 8.74, or 0.64%, to 1,374.42.
News For WMT;M;TGT;GPS;FIATY;F;GM;PEGA;VE;HUSA;DGI From The Last 14 Days
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September 4, 2014
18:28 EDTGPSOn The Fly: After Hours Movers
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16:05 EDTGPSGap falls in extended session trading, levels to watch
The stock is down after hours by 3.6% to $44.88. At that price next support is at $43.38. Resistance is at $45.43.
16:03 EDTGPSGap falls 3.7% after announcing August SSS drop, likely gross margin pressure
16:02 EDTGPSGap reports August SSS down 2%
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08:27 EDTGMGeneral Motors and General Motors Financial enter into support agreement
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08:25 EDTTGTHome Depot could see less impact than Target from data breach, says BMO Capital
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07:14 EDTGMElectric cars share of total U.S. market stalled, LA Times reports
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06:25 EDTFIATYFiat reports exercise of cash exit rights, offer to Fiat shareholders
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06:02 EDTGMGM supplier Magna begins construction on new Tennessee facility
Magna International (MGA) yesterday announced that it has started construction on a new, state-of-the-art manufacturing facility located in Spring Hill, Tennessee. The 122,500-square-foot facility will manufacture complete seat assemblies supplying General Motors' (GM) Spring Hill Assembly Plant. The plant will be fully operational in January 2015. The new facility becomes Magna's fifth location in Tennessee and is expected to employ approximately 75 people when it begins production next year.
September 3, 2014
12:33 EDTF, GM, FIATYOn The Fly: Midday Wrap
Stocks on Wall Street were higher to begin the day, as reports spurred optimism that a ceasefire agreement between Russia and the Ukraine may soon be reached. The move was short lived, as the averages turned mixed during the second hour of trading. Shares of Apple (AAPL) are weighing down the Nasdaq after an analyst recommended investors take some profits in the stock. ECONOMIC EVENTS: In the U.S., factory orders rose 10.5% in July, which was a bit below the forecast for 11.0% growth. The Fed's Beige Book is scheduled to be released at 2:00 pm ET. In Europe, the final reading of Eurozone services PMI was knocked down to 53.1 from a preliminary 53.5 reading, mirroring the lowering of the Eurozone manufacturing PMI reading yesterday. COMPANY NEWS: Shares of Apple retreated 4% after research firm Pacific Crest advised investors to take some profits in the stock. Pacific Crest analyst Andy Hargreaves forecast the percentage of new iPhone users who buy the next version of the device beyond the iPhone 6 is likely to decline versus prior cycles. The stock likely has only limited room to increase, according to Hargreaves, who said he would probably downgrade Apple unless new products that can generate billions of dollars in new operating profit are launched at its September 9 event... Carmakers reported on August vehicle sales in the U.S., with Chrysler (FIATY) reporting a 20% increase, Ford stating that sales rose slightly compared to the prior year and General Motors (GM) posting a 1.2% decline in sales. MAJOR MOVERS: Among the notable gainers was Infinity Pharmaceuticals (INFI), which jumped 46% after the company announced a cancer drug collaboration with AbbVie (ABBV) and a master clinical supply agreement with Roche (RHHBY). Also higher was Mobileye (MBLY), which gained nearly 10% after Morgan Stanley wrote that the stock could rise "towards $100" if the company maintains its current market, gross margins and earnings position. Mobileye is scheduled to report on its second quarter results tomorrow morning, which will be its first quarterly report since its August IPO. Among the noteworthy losers was Repros Therapeutics (RPRX), which dropped 15% after newly posted FDA briefing documents regarding a panel on T-normalizing therapies prompted Piper Jaffray to downgrade the stock to Neutral from Overweight. Also lower following its earnings report was apparel company Vince Holding (VNCE), which fell 11%. INDEXES: Near midday, the Dow was up 33.71, or 0.2%, to 17,101.27, the Nasdaq was down 23.24, or 0.51%, to 4,574.95, and the S&P 500 was down 0.64, or 0.03%, to 2,001.64.
11:42 EDTWMTWal-Mart de Mexico scales back 2014 store expansion plans, WSJ says
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10:17 EDTFFord says August industry sales likely reached mid-17M annual pace
Says total industry sales likely closed out at mid-17M range on a seasonally adjusted annualized basis. Says August SAAR may have reached 15M vehicles. Says industry "very strong at this stage of recovery." Says pressure on passenger cars continues. Says Fusion sales on pace to top 300,000 for first time. Says has 69-day supply of vehicles, up from 65-day supply last year. Comments made on Ford's August U.S. sales conference call.
09:34 EDTGMGM reports August U.S. sales down 1.2% to 272,423 units
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09:31 EDTGMGeneral Motors reports August U.S. sales down 1.2% to 272,423 vehicles
09:31 EDTFFord reports August U.S. sales up 0.4% to 222,174 vehicles
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09:03 EDTDGIDigitalGlobe names Fred Graffam as interim CFO, effective today
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08:19 EDTFIATYChrysler sees August U.S. industry SAAR of 17.4M
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08:18 EDTFIATYChrysler ends August with 64 days supply inventory
Chrysler Group finished the month of August with a 64 days supply of inventory, or 471,930 units.
08:17 EDTFIATYChrysler reports August U.S. sales up 20% to 198,379 units
Chrysler Group reported U.S. sales of 198,379 units, a 20% increase compared with sales in August 2013 and the group's best August sales since 2002. The Chrysler, Jeep, and Ram Truck brands each posted year-over-year sales gains in August compared with the same month a year ago.
06:29 EDTGMGeneral Motors looking to fend off ignition-switch recall review, WSJ reports
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