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Guest post: Mark Provost Why the Rich Love High Unemployment
Wednesday, May 25, 2011 - 8:35am | 1945Guest post by Mark Provost Why the Rich Love High Unemploymentvia Truthout Christina Romer, former member of President Obama's Council of Economic Advisors, accuses the administration of "shamefully ignoring" the unemployed. Paul Krugman echoes her concerns, observing that Washington has lost...
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Citi Reiterates Buy On Ford
Wednesday, May 25, 2011 - 6:59am | 134Citi Investment Research is reiterating its Buy rating and $18 price target on shares of Ford (NYSE: F). In a note to clients, Citi writes, "Ford is hosting an investor day on June 7 in New York. We believe management may provide additional medium-term parameters around key metrics. While we don'...
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Citi Reiterates Buy After Visiting Ford Motors
Wednesday, May 25, 2011 - 6:41am | 118Citi is reiterating its Buy rating and its $18 price target on Ford Motor Co. (NYSE: F) following recent meetings with the company's management. Says Citi, in its report, “Management appeared constructive regarding industry pricing discipline, and noted that its own recent price increases were...
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Rental Car Market Improving Says Blueshift
Tuesday, May 24, 2011 - 1:33pm | 211In a series of tweets from Blueshift Ideas, the research firm says the rental car market is improving, and names like Avis Budget Group Inc. (NASDAQ: CAR), Dollar Thrifty Automotive Group, Inc. (NYSE: DTG), Hertz Global Holdings, Inc. (NYSE: HTZ) and even Zipcar Inc (NASDAQ: ZIP) are poised to...
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UPDATE: Chrysler Repays Outstanding TARP Loans
Tuesday, May 24, 2011 - 1:29pm | 409Today, the U.S. Department of the Treasury announced that Chrysler Group LLC has repaid its outstanding Troubled Asset Relief Program loans. Chrysler's repayment comes six years before the scheduled maturity of those loans in 2017. As part of today's announcement, Chrysler Group LLC repaid $5.1...
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JBT Corporation Announces $5.9M AGV System Contract From Ford
Tuesday, May 24, 2011 - 8:04am | 64JBT Corporation (NYSE: JBT) today announced it received a $5.9 million order from Ford Motor Company (NYSE: F) for automated material handling equipment. The equipment includes nearly 100 new and upgraded automatic guided vehicles to provide safe, efficient, and cost effective movement of...
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Top 4 NYSE Stocks In The Recreational Vehicles Industry With The Highest ROE
Tuesday, May 24, 2011 - 12:01am | 133Below are the top recreational vehicles stocks on the NYSE in terms of return on equity. The trailing-twelve-month return on equity at Polaris Industries Inc (NYSE: PII) is 58.08%. PII's revenue for the same period is $2.18 billion. The trailing-twelve-month return on equity at Winnebago...
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VROM: And Then There Were Three Automotive Funds
Monday, May 23, 2011 - 3:50pm | 630U.S. investors somehow survived for 25 years with just one automotive fund. In the last ten days their choices jumped to three. Global X Advisors rolled out the newest entrant, the Global X Auto ETF (VROM) last Thursday (5/19/11). Global X Auto ETF tries to represent the entire automotive...
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Three "Supernatural" Stocks While Waiting for Season 7
Saturday, May 21, 2011 - 10:48am | 783Love it or hate it, the season finale of the CW's Supernatural, with its showdown between the Winchester brothers and the angel Castiel, has brought season 6 to a close. Already the speculation about Supernatural season 7 is rampant: What does being a god mean for Castiel? Can Dean forgive him for...
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Start Your Engines: Global X Introduces An Auto ETF
Thursday, May 19, 2011 - 12:12pm | 302Global X, the New York-based ETF issuer now with 31 ETFs listed in the U.S. and over $1.8 billion in assets under management, introduced the Global X Auto ETF (NYSE: VROM) today. The 50-stock ETF becomes the second fund devoted to the auto industry to be introduced this month. With an expense...
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Ford to Build Its First Transmission Plant in China
Thursday, May 19, 2011 - 7:00am | 175Ford (NYSE: F), together with its partners in China, is building its first transmission plant in China to support Ford's aggressive growth plan in the world's largest auto market. Ford's passenger vehicle joint venture in China, Changan Ford Mazda Automobile signed a Memorandum of Understanding...
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How to Profit from Japan's Fall into Recession (TM, SNE, HIT, YCS, FXY, YCL, EWV)
Thursday, May 19, 2011 - 6:40am | 630The Japanese yen, along with Japanese stocks, fell on Thursday on news that the economy had fallen into a recession in the aftermath of the devastating earthquake and tsunami that struck northeastern Japan in March. The Japanese economy fell at annual rate of 3.7% during the first three months of...
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Fast Money Picks For May 19th (MDRX, GM, AAPL, VCLK, PCS)
Wednesday, May 18, 2011 - 6:18pm | 226On CNBC's Fast Money, Stephen Weiss said that he is bullish on Allscripts Healthcare Solutions Inc (NASDAQ: MDRX). This company is his favorite health care name. Allscripts Healthcare Solutions Inc (MDRX) spiked 7.28% today, and it closed at $20.48. Tim Seymour wants to buy General Motors Company...
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4 Trade Setups To Watch
Wednesday, May 18, 2011 - 4:21pm | 1980( click to enlarge ) Dell Inc. (NASDAQ:DELL) - Much hated stock getting some love. Breaking out on strong volume with all main moving averages below acting as support. Presumption is that the breakout will continue. Fresh buying may be considered on a close above $16.96. ( click to enlarge...
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Chevrolet Volt Plant Prepares For Production Boost, Exports
Wednesday, May 18, 2011 - 3:22pm | 167General Motors' (NYSE: GM) Detroit-Hamtramck Assembly plant, home of the Chevrolet Volt, will close for four weeks beginning in June for planned upgrades to prepare for a significant increase in the rate of Volt production, along with assembly of the 2013 Chevrolet Malibu midsize sedan. Already in...