UBS Reiterates Buy on General Motors (GM) Following 2Q Earnings Beat
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GM's (GM) Stock Has an Identity Crisis
July 22, 2016 12:36 PM EDTGeneral Motors (NYSE: GM) stock, likes its automotive brand portfolio, suffers from an marketing crisis, Barclays analyst Brian Johnson explained today. Just like car buyers can't tell if GM is a luxury car maker (think Cadillac), or a mass market car maker (think Chevy Malibu), investors can't figure out if the company is a growth stock... More
GM, Isuzu end pick-up truck tie-up; GM eyes more upscale market
July 22, 2016 2:42 AM EDTBy Norihiko Shirouzu and Naomi Tajitsu
BEIJING/TOKYO (Reuters) - General Motors Co (NYSE: GM) and Isuzu Motor Co have agreed to stop working together on developing midsize pick-up trucks made in Asia, as the U.S. automaker focuses on the higher end of the market while the Japanese firm sticks to selling vehicles for everyday commercial purposes.
The automakers said on Friday they had cancelled their pick-up truck deal struck in 2014, the latest under a joint product development arrangement which began in 2006.
They added that separate collaboration agreements, including one for... More
S&P 500 companies start facing up to the potential Brexit costs
July 22, 2016 1:14 AM EDTBy Noel Randewich and Caroline Valetkevitch
SAN FRANCISCO/NEW YORK (Reuters) - U.S. companies, facing investors in their first earnings reporting season since Great Britain voted to leave the European Union, are broadly conceding that the so-called "Brexit" could weigh on profits.
Companies from General Motors (NYSE: GM) to Yum Brands (NYSE: YUM) to FedEx (NYSE: FDX) say they do expect a hit, though it is too soon to tell how deep it may be or when it will come.
... MoreS&P 500 companies start facing up to the potential Brexit costs
July 22, 2016 1:14 AM EDTBy Noel Randewich and Caroline Valetkevitch
SAN FRANCISCO/NEW YORK (Reuters) - U.S. companies, facing investors in their first earnings reporting season since Great Britain voted to leave the European Union, are broadly conceding that the so-called "Brexit" could weigh on profits.
Companies from General Motors (NYSE: GM) to Yum Brands (NYSE: YUM) to FedEx (NYSE: FDX) say they do expect a hit, though it is too soon to tell how deep it may be or when it will come.
... MoreS&P 500 companies start facing up to the potential Brexit costs
July 22, 2016 1:14 AM EDTBy Noel Randewich and Caroline Valetkevitch
SAN FRANCISCO/NEW YORK (Reuters) - U.S. companies, facing investors in their first earnings reporting season since Great Britain voted to leave the European Union, are broadly conceding that the so-called "Brexit" could weigh on profits.
Companies from General Motors (NYSE: GM) to Yum Brands (NYSE: YUM) to FedEx (NYSE: FDX) say they do expect a hit, though it is too soon to tell how deep it may be or when it will come.
... MoreS&P 500 companies start facing up to the potential Brexit costs
July 22, 2016 1:14 AM EDTBy Noel Randewich and Caroline Valetkevitch
SAN FRANCISCO/NEW YORK (Reuters) - U.S. companies, facing investors in their first earnings reporting season since Great Britain voted to leave the European Union, are broadly conceding that the so-called "Brexit" could weigh on profits.
Companies from General Motors (NYSE: GM) to Yum Brands (NYSE: YUM) to FedEx (NYSE: FDX) say they do expect a hit, though it is too soon to tell how deep it may be or when it will come.
... MoreS&P 500 companies start facing up to the potential Brexit costs
July 22, 2016 1:14 AM EDTBy Noel Randewich and Caroline Valetkevitch
SAN FRANCISCO/NEW YORK (Reuters) - U.S. companies, facing investors in their first profit reporting season since Great Britain voted to leave the European Union, are broadly conceding that the so-called "Brexit" could weigh on earnings.
Companies from General Motors (NYSE: GM) to Yum Brands (NYSE: YUM) to FedEx (NYSE: FDX) say they do expect a hit, though it is too soon to tell how deep it may be or when it will come.
... MoreGM says it may recall 4.3 million vehicles over Takata air bags
July 21, 2016 11:59 AM EDTBy David Shepardson
WASHINGTON (Reuters) - General Motors Co (NYSE: GM) said on Thursday it may be forced by U.S. regulators to recall another 4.3 million vehicles for potentially defective Takata air bag inflators, a call-back that would cost the U.S. automaker $550 million.
GM said in May it would recall 1.9 million vehicles for Takata Corp air bag inflators that may not work properly. In June it expanded that recall to another 600,000 vehicles after a review of ownership data.
GM said in a securities filing that the costs of replacing... More
Pre-Open Stock Movers 07/21: (RLYP) (JOY) (URI) Higher; (SCSS) (LOV) (INTC) Lower (more...)
July 21, 2016 9:29 AM EDTToday's Pre-Open Stock Movers
Relypsa, Inc. (Nasdaq: RLYP) 59% HIGHER; Galenica Group and Relypsa, Inc. (Nasdaq:... More
Ford (F), Fiat Chrysler (FCAU) Shares Active Following Solid Q2 Results, Boosted Outlook for General Motors (GM)
July 21, 2016 7:36 AM EDTFord Motor (NYSE: F) and Fiat Chrysler (NYSE: FCAU) shares are ticking higher following solid quarterly results and increased guidance from peer General Motors (NYSE: GM).
Ahead of the opening bell, GM posted Q2 adjusted EPS of $1.86, versus $1.51 expected.
... MoreGM boosts full-year outlook after record second-quarter profit
July 21, 2016 7:34 AM EDTBy Bernie Woodall and Joseph White
DETROIT (Reuters) - General Motors Co (NYSE: GM) on Thursday raised its forecast for full-year profits after reporting a record second-quarter profit as it continued to capitalize on strong sales of pickup trucks and sport utility vehicles in the United States.
The earnings handily beat Wall Street expectations, sending shares up as much as 4.4 percent.
The world's third-largest automaker said it expects adjusted earnings before interest and taxes of $5.50 to $6.00 per share for 2016, up from a previous expectation of $5.25 to $5.75 per share.
Second-quarter net... More
General Motors (GM) Tops Q2 EPS by 35c; Boosts FY16 EPS Outlook
July 21, 2016 7:31 AM EDTGeneral Motors (NYSE: GM) reported Q2 EPS of $1.86, $0.35 better than the analyst estimate of $1.51. Revenue for the quarter came in at $42.4 billion versus the consensus estimate of $38.93 billion.
The company reported records for earnings before interest and tax (EBIT) adjusted of $3.9 billion and... More
General Motors (GM) Declares $0.38 Quarterly Dividend; 4.8% Yield
July 20, 2016 4:38 PM EDTGeneral Motors (NYSE: GM) declared a quarterly dividend of $0.38 per share, or $1.52 annualized.
The dividend will be payable on Sept. 23, 2016, to stockholders of record on Sept. 9, 2016, with an ex-dividend date of Sept. 7, 2016.
The annual yield on the dividend is 4.8 percent.
For a... More
Musk 'master plan' expands Tesla into trucks, buses and car sharing
July 20, 2016 4:14 PM EDTBy Joseph White and Paul Lienert
(Reuters) - Tesla Motors Inc (NASDAQ: TSLA) Chief Executive Elon Musk Wednesday unveiled an ambitious plan to expand the company into electric trucks and buses, car sharing and solar energy systems.
In a blog post titled "Master Plan, Part Deux," Musk sketched a vision of an integrated carbon-free energy enterprise offering a wider range of vehicles, and products and services beyond electric cars and batteries.
The newest elements of the strategy included plans to develop car and ride sharing programs as well as commercial... More
Trading Radar for 7/21: GM (GM), Chipotle (CMG), AMD (AMD), Starbucks (SBUX), Pandora (P), Visa (V), Travelers (TRV) Report
July 20, 2016 2:39 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
9:00am EDT
FHFA Housing Price Index - no Street consensusEarnings:
ABB Ltd. (NYSE: ABB) - consensus EPS $0.26
Adeptus Health (NYSE: ADPT) - consensus EPS $0.51
Alaska Air Group (NYSE: ALK) - consensus EPS $2.07... More
General Motors (GM) July weekly volatility increases into Q2 and outlook
July 20, 2016 2:17 PM EDTGeneral Motors (NYSE: GM) July weekly call option implied volatility is at 65, August is at 25; compared to its 52-week range of 23 to 48 into the expected release of Q2 on July 21.
... More