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Honda Motors Recalls 2.49M Cars
Friday, August 5, 2011 - 1:26pm | 370Reuters is reporting that Honda Motor (NYSE: HMC) has announced a recall for 1.5 million of its CR-V, Accord, and Element models in the U.S with almost another million cars from Chinese and Canadian markets. Honda is recalling the 2007 to 2010 CR-V, the 2005 to 2010 four-cylinder Accord, and the...
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Honda Motor to Recall Over 2M Vehicles in US, China
Friday, August 5, 2011 - 8:09am | 60Honda Motor (NYSE: HMC) said Friday it will recall more than 2 million vehicles in the United States and China to update the software that controls their automatic transmission. Honda said in a press release on its US site that the vehicles in the voluntary recall will include Accord, CR-V and...
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Morning In America, Again, The Redux
Friday, August 5, 2011 - 8:01am | 699We already had a "Morning in America" column a few months ago, but after today's nonfarm payrolls report, it looks like it is time for another one. The July nonfarm payrolls report just was just released, and it smashed expectations, coming in at 117,000. Economists had expected 84,000 jobs to be...
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DB Changes EPS Estimates And PT Of GM
Friday, August 5, 2011 - 7:57am | 48According to DB, General Motors (NYSE: GM), EPS estimates and PT have been revised. DB reported a change in the PT from $45 to $43 and EPS estimates went from $4.40 to $4.45 for FY11 and from $5.00 to $4.97 for FY12. GM closed yesterday at $25.99.
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Deutsche Bank Lowers PT On General Motors To $43
Friday, August 5, 2011 - 6:47am | 27Deutsche Bank has lowered the price target on General Motors (NYSE: GM) from $45 to $43 and maintains its Buy rating.
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Top 4 NYSE Stocks In The Recreational Vehicles Industry With The Highest Revenue
Friday, August 5, 2011 - 3:09am | 125Below are the top recreational vehicles stocks on the NYSE in terms of revenue. The trailing-twelve-month revenue at Harley-Davidson Inc (NYSE: HOG) is $5.07 billion. HOG's PEG ratio is 0.99. The trailing-twelve-month revenue at Thor Industries Inc (NYSE: THO) is $2.65 billion. THO's ROE for the...
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Capitulation 08-04-2011
Thursday, August 4, 2011 - 6:17pm | 937Cusick's Corner I will not discount Chicken Little next time. Pure panic is in the market and preservation of capital is pinnacle. The reality is that the data is bad, and with the Claims Data coming in at 400K, the Non-Farm payrolls need to come in tomorrow at or above 150K. If we see 75K then...
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Ford Hits New 52-Week Lows at $10.94
Thursday, August 4, 2011 - 1:20pm | 75Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least support. In this case, shares of Ford (NYSE: F) are hitting new 52-week lows. Traders and...
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GM Invests $117M in Oshawa Assembly Plant
Thursday, August 4, 2011 - 9:03am | 35General Motors (NYSE: GM) will invest $117 million to prepare the Oshawa Assembly Plant to build the all-new Cadillac XTS, creating or retaining 400 jobs on the Flex Line.
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Earnings Roundup
Thursday, August 4, 2011 - 7:58am | 1365General Motors Co (NYSE: GM) reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However, analysts...
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UPDATE: GM Reports Strong Rise In Q2 Earnings
Thursday, August 4, 2011 - 7:02am | 80General Motors Co (NYSE: GM) reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However,...
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News Summary for August 4, 2011
Thursday, August 4, 2011 - 6:51am | 587This is your Benzinga news summary and traders' outlook for Thursday, August 4, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set for a weak morning as traders wait for the jobless claims data. At last check...
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A Peek Into The Market Before The Trading Starts
Thursday, August 4, 2011 - 6:28am | 400Pre-open movers US stock futures are lower this morning, as investors are awaiting earnings from General Motors Co (NYSE: GM) and weekly jobless claims data. Futures for the Dow Jones Industrial Average dipped 70 points to 11,748.00 and S&P 500 index futures fell 8.60 points to 1,245.90. Nasdaq...
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US Stock Futures Down As Investors Await Jobless Claims Data, GM Earnings
Thursday, August 4, 2011 - 5:17am | 460US stock futures are lower this morning, as investors are awaiting earnings from General Motors Co (NYSE: GM) and weekly jobless claims data. Futures for the Dow Jones Industrial Average dipped 44 points to 11,774.00 and S&P 500 index futures fell 5.20 points to 1,249.30. Nasdaq 100 futures...
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Earnings Scheduled For August 4
Thursday, August 4, 2011 - 2:53am | 495Alpha Natural Resources Inc (NYSE: ANR) is expected to report its Q2 EPS at $1.12 on revenue of $1.47 billion. Kraft Foods Inc (NYSE: KFT) is projected to report its Q2 EPS at $0.58 on revenue of $13.15 billion. CIGNA Corporation (NYSE: CI) is estimated to report its Q2 EPS at $1.29 on revenue of...