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Stock Market & Financial Investment News

News Breaks
April 23, 2012
06:14 EDTLRLCY, NSANY, WMT, ROK, HMC, ABB, TMOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Wal-Mart (WMT) faces significant legal risks after disclosing that it's investigating its Mexican operations for possible violations of U.S. law that prohibits bribery in foreign countries, legal experts say, the Wall Street Journal reports...A year after Japan's auto industry's production was disrupted by natural disasters, unfavorable exchange rates and a weak lineup, their major auto firms--Toyota (TM), Honda (HMC) and Nissan (NSANY)--are poised to race ahead in fiscal 2012, the Wall Street Journal reports...REUTERS: ABB (ABB) CEO Hogan says they're considering closing gaps in their automation and transmission portfolio with acquisitions but has no plans to bid for Rockwell (ROK), Handelsblatt reported, Reuters reports...France's L'Oreal (LRLCY) is interested in buying soap and baby products company Cadum in a deal that could be worth $264.16M, Les Echos reported, Reuters reports...BLOOMBERG: Hedge funds lowered bets on higher commodity prices by the most in four months on rising concern that Europe’s debt crisis will hurt global growth and slow demand for raw materials, Bloomberg reports.
News For WMT;TM;HMC;NSANY;ABB;ROK;LRLCY From The Last 14 Days
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January 26, 2015
10:19 EDTABBHigh option volume stocks
High option volume stocks: OIL NFX ABB FXCM SANM EL MAT AGO NPSP SSTK
10:00 EDTABBOn The Fly: Analyst Downgrade Summary
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07:54 EDTABBABB downgraded to Neutral from Outperform at Credit Suisse
January 23, 2015
11:54 EDTHMCHonda chooses Takata rival as supplier for Accord air bags, Reuters says
According to two people with knowledge of the matter, Honda (HMC) has chosen a Takata (TKTDY) rival to supply air bags for the next North American version of its Accord sedan, Reuters reports. Reference Link
January 22, 2015
10:03 EDTROKOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Networks (AMCX) upgraded to Buy from Neutral at Nomura... Alcatel-Lucent (ALU) upgraded to Conviction Buy from Neutral at Goldman... Chuy's (CHUY) upgraded at Wells Fargo... Coty (COTY) upgraded to Buy from Neutral at Citigroup... Era Group (ERA) upgraded to Buy from Hold at Evercore ISI... Exterran (EXH) upgraded to Buy from Hold at Evercore ISI... F5 Networks (FFIV) upgraded to Buy from Neutral at Buckingham... Joy Global (JOY) upgraded to Outperform from Market Perform at BMO Capital... Lennox (LII) upgraded to Buy from Neutral at UBS... RSA Insurance (RSNAY) upgraded to Outperform from Neutral at Credit Suisse... Rockwell Automation (ROK) upgraded to Buy from Neutral at UBS... SodaStream (SODA) upgraded to Hold from Sell at Stifel... eBay (EBAY) upgraded to Equal Weight from Underweight at Morgan Stanley.
09:41 EDTROKRockwell Automation initiated with a Buy at Gabelli (pre-open)
06:54 EDTROKRockwell Automation upgraded to Buy from Neutral at UBS
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January 21, 2015
19:18 EDTTM, HMC, NSANYLower oil prices could boost car and truck sales, CNBC reports
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16:13 EDTROKRockwell Automation initiated with a Buy at UBS
Target $135.
13:53 EDTNSANY, HMC, TMGoldman cuts rating on auto dealers citing below consensus U.S. sales view
Goldman Sachs lowered its outlook on auto dealers to Cautious from Neutral, citing several factors, including its belief that U.S. auto sales growth will be "essentially flat" this year. The firm also downgraded its rating on one of the companies in the sector, AutoNation (AN), to Neutral from Buy and removed the stock from its Americas Buy List. WHAT'S NEW: U.S. auto sales will probably rise less than 1% this year on a seasonally adjusted basis, Goldman analyst Patrick Archambault wrote in a note to investors today. Archambault indicated that his U.S. auto sales estimate is significantly below analysts' consensus outlook. Incentive deals and sales to subprime customers last year will probably negatively affect sales growth this year, the analyst stated. Additionally, the growth of dealers' revenue from parts and service is likely to slow this year after a series of major auto recalls were carried out last year, Archambault warned. Dealers may also be hurt by the regulation of auto lenders by the Consumer Financial Protection Bureau, since lenders and dealers split the profits from interest rate markups, the analyst stated. Finally, dealers are trading at a valuation that is 13% above their ten year average, according to Archambault. The analyst cut his rating on AutoNation to Neutral from Buy, based partly on valuation and his belief that the stock's near-term catalysts have diminished after it implemented a rebranding strategy and enhanced its digital systems. Over the medium term, the company's growth prospects will be limited by weak U.S. auto sales growth this year, added Archambault. However, the analyst continues to identify AutoNation as his favorite auto dealer stock. Other auto dealers covered by the analyst include Penske (PAG), which he rates Neutral, and Group 1 (GPI) and Sonic Automotive (SAH), both of which are rated Sell by the analyst. WHAT'S NOTABLE: Automakers whose shares could be negatively affected if the analyst's forecast for anemic U.S. sales growth proves to be accurate include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). PRICE ACTION: In mid-afternoon trading, AutoNation lost 1.2% to $57.12, Sonic Auto lost 1% to $25.18, Group 1 fell 2.5% to $77.40, and Penske climbed 1% to $47.09.
13:38 EDTWMTEarnings Preview: eBay shares rise over 5.5% since last earnings report
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10:01 EDTWMTOn The Fly: Analyst Downgrade Summary
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06:52 EDTWMTWal-Mart downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded Wal-Mart to Equal Weight citing balanced risk/reward and lack of margin growth due to potential re-investments.
January 20, 2015
13:01 EDTWMTWal-Mart launches cash pickup option for tax refunds
As Americans begin to file their tax returns, Walmart (WMT) announced the launch of a first-of-its-kind service that allows consumers to “skip the check” and pick up their tax refunds in cash. Walmart Direct2Cash is available nationwide starting today and will help customers save time and money when compared to traditional tax refund options. Walmart is working with Tax Products Group, a Green Dot Company (GDOT), and Republic Bank & Trust Company, member FDIC, two providers of tax-related financial products and services, to provide Walmart Direct2Cash as an option to millions of customers. The more than 25,000 tax preparation locations using software with the Walmart Direct2Cash option may provide this service for no additional fee or charge a maximum of $7 at the time of filing. Walmart does not charge customers a fee when refunds are claimed in a store.
12:51 EDTTMToyota sees 2015 global sales dropping to about 10.15M units, Nikkei says
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09:44 EDTWMTSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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05:57 EDTABBABB downgraded to Neutral from Buy at Citigroup
Citigroup downgraded ABB to Neutral on expectations the company's process automation business will see weaker demand from the oil and gas industry.
January 16, 2015
10:12 EDTWMTSprint unit Virgin Mobile to offer no contract data sharing plans
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10:01 EDTABBOn The Fly: Analyst Downgrade Summary
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05:32 EDTABBABB downgraded to Underperform from Neutral at Exane BNP Paribas
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