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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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October 10, 2014
07:17 EDTFCitigroup and the Society of Automotive Analysts to co-host a summit
Automotive Investor Summit is being held in Southfield, Michigan on October 10.
06:44 EDTFFord reports China unit sold 95,875 vehicles in September, Reuters says
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06:12 EDTGMGeneral Motors reports September China sales up 15.2% to 319,936
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06:00 EDTGPSStocks with implied volatility below IV index mean; GPS EBAY
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October 9, 2014
16:25 EDTGPSOn The Fly: Closing Wrap
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12:30 EDTGPSOn The Fly: Midday Wrap
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10:50 EDTGPSGap falls after announcing CEO Murphy will step down, weak September sales
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10:41 EDTGPSHigh option volume stocks
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10:00 EDTGPSOn The Fly: Analyst Downgrade Summary
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09:41 EDTM, TGTBofA/Merrill retail analysts hold an analyst/industry conference call
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09:20 EDTGPSOn The Fly: Pre-market Movers
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09:17 EDTGMOmix Ada recalls floor mats used in Chevrolet, GMC trucks, SUVs
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08:02 EDTFPandora announces new auto partnership with Ford Australia
Pandora (P) Internet Radio has officially announced its partnership with Ford (F) Australia. The launch, effective across a range of nameplates including Fiesta ST and Focus ST and Ford Kuga line up, will continue to roll out across other Ford nameplates including the Fiesta, Focus, Ranger and Transit range by early 2015. Pandora locally also partners with Holden and Mazda, and will soon be released on new model Nissans (NSANY).
08:01 EDTTGTTarget CEO hands-on with Canadian turnaround, Globe and Mail says
Brian Cornell, the new CEO of Target, told The Globe and Mail in an interview that he is taking a hands-on approach to repairing the company’s Canadian business and that he will travel north on a “regular” basis to oversee the turnaround. Reference Link
07:41 EDTGPSGap long-term buy thesis remains intact, says UBS
UBS said the long-term buy thesis for Gap remains intact following its disappointing Q3 results and CEO change. The firm expects the CEO transition to be smooth with no meaningful changes in strategy. UBS lowered its second half estimates for Gap and lowered its price target on the stock to $48 from $50, but maintains its Buy rating on the shares.
07:33 EDTGPSGap volatility elevated into the retirement of CEO Glenn Murphy
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07:16 EDTGPSGap CEO change positive, says Stifel
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06:11 EDTGPSGap downgraded to Neutral from Buy at Janney Capital
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05:48 EDTGPSGap downgraded to Neutral from Buy at Sterne Agee
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05:38 EDTGPSGap downgraded to Market Perform from Outperform at Wells Fargo
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