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Stock Market & Financial Investment News

News Breaks
February 1, 2013
12:37 EDTXOM, LTM, CTRP, PMCS, ADNC, DELL, TM, FIATY, F, GM, MRK, CVX, NOVOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday following the monthly jobs report for January and a better than expected reading on manufacturing expansion. The Dow Jones Industrial Average rose above 14,000 for the first time since 2007 on several occasions in the first part of the day but has had trouble holding above that round-number level... ECONOMIC EVENTS: In the U.S., the nonfarm payrolls report showed that 157K jobs were added in January and unemployment rose to 7.9%. This compared to expectations for 165K new jobs and for unemployment to hold steady at 7.8%. Notably, December payroll additions were revised up to 196K from 155K and November was raised to 247K from 161K. The University of Michigan consumer confidence reading for January came in at 73.8, versus the expected 71.5. The January ISM manufacturing index had a reading of 53.1, versus the expected reading of 50.7, while Markit's January U.S. PMI came in at 55.8, also beating expectations. Construction spending in the month of December rose 0.9%, versus the expected increase of 0.7%. In China, the government’s official PMI slid to 50.4 from 50.6 in December, while a similar PMI reading from HSBC rose to a two-year high of 52.3. In Europe, the euro zone PMI hit an 11-month high at 47.9, though that figure is still indicates contraction... COMPANY NEWS: Two oil supermajors, Exxon Mobil (XOM) and Chevron (CVX) both reported quarterly earnings that beat expectations on revenues that missed the Street's forecasts. Shares of Exxon were nearly flat while Chevron was up nearly 1% near noon following their reports and corresponding investor calls... General Motors (GM), Ford (F), Chrysler (FIATY) and Toyota (TM) all reported double-digit sales increases in January... MAJOR MOVERS: Among other advancers following earnings were Audience (ADNC), up 21%, PMC-Sierra (PMCS), up 13%, and Ctrip.com (CTRP), up 6%. Also higher were shares of Dell (DELL), which rose over 4% after Reuters said its planned 'go private' deal may happen as soon as Monday... Among the noteworthy losers was Merck (MRK), which fell almost 3% and was the only Dow component not rising at midday. The company's quarterly results beat expectations but it also announced it would delay its filing for approval of odanacatib, the company’s investigational osteoporosis drug. Also lower after their earnings reports were Life Time Fitness (LTM), down 20%, and National Oilwell Varco (NOV), down 4%... INDICES: Near noon, the Dow was up 137.51, or 0.99%, to 13,998.09; the Nasdaq was up 38.79, or 1.23%, to 3,180.92; and the S&P 500 was up 15.21, or 1.02%, to 1,513.32.
News For XOM;CVX;MRK;GM;F;FIATY;TM;DELL;ADNC;PMCS;CTRP;LTM;NOV From The Last 14 Days
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October 8, 2014
11:08 EDTMRKLeerink pharmaceuticals analyst holds an analyst/industry conference call
Analyst discusses IMPROVE-IT's regulatory and commercial implications for novel LDL-lowering therapies on an Analyst/Industry conference call to be held on October 9 at 2 pm.
10:55 EDTMRKLeerink pharmaceuticals analyst holds an analyst/industry conference call
Analysts discuss prospects for drugs that raise HDL cholesterol, effects of CETP mechanism, expectations for REVEAL data and the potential place for CETP inhibitors in a crowded hypersholesterolemia landscape on an Analyst/Industry conference call to be held on October 9 at 11 am.
10:33 EDTFFord falls to fresh 52-week low, levels to watch
The shares are down 2% at time of writing to $13.82, just above the fresh 52-week low set earlier today at $13.76. Support below today's low is at $13.36. Resistance is at the session high at $14.10.
10:00 EDTNOVOn The Fly: Analyst Downgrade Summary
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07:18 EDTMRKInfectious Diseases Society of America to hold a conference
ID Week 2014 is being held in Philadelphia on October 8-12.
06:37 EDTFIATYFiat head aims to step down from post after 2018, Bloomberg says
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06:34 EDTFIATYFiat boss expects Chrysler deal to make new No.1 vehicle maker, Bloomberg says
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05:57 EDTNOVNational Oilwell downgraded to Neutral from Overweight at HSBC
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October 7, 2014
12:57 EDTFIATYChrysler recalls Ram C/V Tradesman cargo vans due to air bag defect
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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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08:30 EDTFIATYChrysler recalls 24,497 2014 Ram ProMaster vans
Chrysler Group LLC is recalling 24,497 model year 2014 Ram ProMaster vans manufactured July 1, 2013, to August 26, 2014. The affected vehicles may have been manufactured with head restraints that exceed the maximum backset measurement limit of 55mm. As such, these vehicles fail to comply with the requirements of the Federal Motor Vehicle Safety Standard No. 202a, "Head Restraints." If the vehicle is struck from behind, the head restraint may not properly limit the seat occupant's head movement rearward, increasing the risk of injury.
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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07:27 EDTXOMEU repreive on oil sands label a victory for Canada, WSJ says
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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
06:05 EDTFIATYFiat announces merger effective October 12
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