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Bull & Bear: Ford Motor Co.
Tuesday, June 14, 2011 - 1:54pm | 289Shares of Ford Motor Company (NYSE: F) are trading higher on the session by 2.82%, at $13.51. With shares bouncing hard today, you have to wonder where they are heading next… Bulls: Bulls will note that Ford put in a high volume doji candle yesterday (classic turnaround indication), which is being...
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Some Auto Stocks Have Stalled Engines
Tuesday, June 14, 2011 - 10:16am | 273Today, the major stock indexes are staging the best rally they have had in several weeks. Everything looks fine in stock land, however, some of these leading auto stocks are struggling to catch a bid higher this morning. Tata Motors Ltd.(NYSE: TTM) is the leading automobile and truck manufacturer...
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News Summary
Tuesday, June 14, 2011 - 8:37am | 285Shares of Honda Motor Co (NYSE: HMC) fell about 0.6% after the company projects a 63.5% drop in its profit for the current fiscal year. Honda expects a profit of 195 billion yen ($2.4 billion) for the current fiscal year, down from 534 billion yen in the last fiscal year. However, analysts expected...
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Goldman Sachs Says Lawsuit Does Not Change View On Ford
Tuesday, June 14, 2011 - 7:56am | 161Goldman Sachs says the lawsuit against Ford (NYSE: F) does not change its investment view. It has a $20 price target on shares, and Ford is rated at Conviction Buy. In a note to investors, Goldman writes, "While the headline number appears large, in past cases of this type it has taken several...
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News Summary for June 14, 2011
Tuesday, June 14, 2011 - 6:49am | 258This is your Benzinga news summary and traders' outlook for Tuesday, June 14, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher as crude oil futures trade lower. The U.S. dollar is trading slightly...
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GM Wants to Provide Loans to a Quarter of its Dealers, J.P. Morgan Reports
Tuesday, June 14, 2011 - 6:26am | 82In a report on the auto industry, J.P. Morgan reports that the Detroit News has reported that GM's (NYSE: GM) CEO wants the automaker's financial arm “to provide loans to a quarter of its dealers, and to step in if dealer credit dries up.” “The CEO envisions the company's loan portfolio at roughly...
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Honda Projects 63.5% Decline In Fiscal Year Profit
Tuesday, June 14, 2011 - 3:15am | 154Honda Motor Co (NYSE: HMC) projects a 63.5% drop in its profit for the current fiscal year. Honda expects a profit of 195 billion yen ($2.4 billion) for the current fiscal year, down from 534 billion yen in the last fiscal year. However, analysts expected a profit of Y385.43 billion for the year...
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Stocks to Watch for 6/14/11: Fresh 52-Week Highs and Lows
Tuesday, June 14, 2011 - 3:15am | 2234The following stocks hit new 52-week highs in Monday's trading session: 1) Greif (NYSE: GEF): Shares of Greif hit a 52-week high of $67.36 in Monday's trading session. The stock closed at $67.04. The year-to-date performance of Greif has been a gain of 9%. 2) Raptor Pharmaceutical (NASDAQ: RPTP...
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Fast Money Picks For June 14th (TBT, AKS, ORCL, AKS, KMP, F)
Monday, June 13, 2011 - 6:13pm | 252On CNBC's Fast Money, Brian Kelly recommended a long position in ProShares UltraShort 20+ Year Treasury (ETF) (NYSE: TBT). This ETF gained 0.95% today, and it closed at $32.84. Dan Nathan is a buyer of the July call spreads in Oracle Corporation (NASDAQ: ORCL). Oracle Corporation (ORCL) gained 1....
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As Weather Cools Markets Heat Up 6/13/11
Monday, June 13, 2011 - 4:01pm | 627Commodity traders should pay attention to any extremes in weather, too much or too little precipitation, too much or to little heat...any extreme. Crude is approaching three week lows down nearly 2.50% today as of this post. In the last five weeks Crude has been a buy at these levels but past...
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GM Invests $20 Million in Fairfax Assembly Plant in Kansas
Monday, June 13, 2011 - 11:31am | 52General Motors (NYSE: GM) will invest $20 million in machinery and equipment for its Fairfax Assembly plant to add future technologies and improvements to the Buick LaCrosse including eAssist, a light electrification technology that will boost highway fuel economy by 25 percent over the current...
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Monday's Mid-Day Options Volume Leaders
Monday, June 13, 2011 - 10:25am | 83Here are today's mid-day options volume leaders... 1. Bank of America (NYSE: BAC) 124,301 contracts, 76.7% calls, 23.3% puts 2. Citigroup (NYSE: C) 99,849 contracts, 83.3% calls, 16.7% puts 3. Apple Inc. (NASDAQ: AAPL) 97,297 contracts, 66.9% calls, 33.1% puts 4. Cisco Systems (NASDAQ: CSCO) 48,...
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Fuel Efficiency a "Central Driver" for Automotive Earnings and Share Price Performance, Credit Suisse Reports
Monday, June 13, 2011 - 7:07am | 89Credit Suisse remains convinced that fuel efficiency, next to emerging market growth, is the “central driver for earnings and share price performance.” “Our analysis of 2010 CO2 emission data points to material differences between OEMs: BMW continues to outperform Mercedes in terms of meeting CO2...
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Ford Ordered to Pay $2 Billion to Truck Dealers
Saturday, June 11, 2011 - 8:44am | 213An Ohio state court awarded $2 billion in damages to commercial truck dealers from Ford Motor (NYSE: F), upholding a February ruling in a new class-action suit. Dealers said that a Ford program had offered "hidden" discounts, effectively overcharging some dealers between 1987 to 1998. Ford, the...
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Consumer Goods Sector Getting Crushed Again
Friday, June 10, 2011 - 2:11pm | 317The Consumer Goods Sector is taking another hit in today's trading session, currently down 1% from yesterday's close. The weakest S&P Consumer Goods stocks currently are: 1) Goodyear Tire & Rubber (NYSE: GT): Shares of Goodyear Tire and Rubber are currently trading down 7.3% from...