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Auto Sales Revive Strongly in November - Analyst Blog
Thursday, December 2, 2010 - 4:00pm | 759The light vehicle sales in the U.S. during November rose 17% to a seasonally adjusted annual rate of 12.3 million units, signaling a strong recovery in the industry. All the major automakers, except Toyota Motor Corp. (TM), posted double-digit gain in sales. The industry witnessed a rebound in...
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Thursday's Mid-Day Options Volume Leaders (BAC, C, AAPL, MSFT, F)
Thursday, December 2, 2010 - 12:29pm | 116The market has staged another impressive rally this morning; currently the S&P 500 (CBOE: SPX) is trading at 1,218.52, up by 12.45 points. Notably, the CBOE Volatility Index has pushed sharply lower, currently registering 19.40. Here are your mid-day options volume leaders… 1. Bank of America (...
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Kohl's (KSS) Trading Strategies for Bulls and Bears
Thursday, December 2, 2010 - 10:26am | 1842With the holiday shopping season now officially unleashed, analysts and investors are reviewing the nation's publicly traded retailers. Early this week, Bank of America adjusted its 12-month price target on Kohl's (NYSE:KSS) to $60 from $55, maintaining a “buy” rating. The firm said November...
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Auto Sales Revive Strongly in November - Analyst Blog
Thursday, December 2, 2010 - 10:25am | 759The light vehicle sales in the U.S. during November rose 17% to a seasonally adjusted annual rate of 12.3 million units, signaling a strong recovery in the industry. All the major automakers, except Toyota Motor Corp. (TM), posted double-digit gain in sales. The industry witnessed a rebound in...
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Goldman Sachs Adjusts Estimates on Ford (F)
Thursday, December 2, 2010 - 10:14am | 128Goldman Sachs published its automobile update in which they adjust estimates on Ford (NYSE: F). In a note to clients, GS writes, "Ford reported Nov sales up 19% yoy above our expectation of up 17% yoy but slightly below the Street estimate of up 21% yoy. Fleet continued to be strong tracking at 32...
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GM Announces $4 Billion Pension Plan Contribution
Thursday, December 2, 2010 - 8:31am | 49General Motors Company (NYSE: GM) today confirmed it has made the previously announced voluntary $4 billion cash contribution to its United States hourly and salaried pension plans, with a $2.7 billion contribution going to the hourly plan and $1.3 billion to the salaried plan.
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F-Series Trucks: What's Good For Ford is Good For the Economy
Wednesday, December 1, 2010 - 3:25pm | 113Shares of Ford (F) are up over 3% today after reporting strong sales for November. One encouraging aspect of the report was the strength in its F-series trucks, which are among the company's most profitable vehicles. The F-Series is also co... Go to SwingTradingDaily.com for full article, videos...
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Tenneco to Support Nissan March - Analyst Blog
Wednesday, December 1, 2010 - 3:11pm | 374Tenneco Inc. (TEN) announced that it has started supplying emission and ride control systems to Japan's Nissan Motor (NSANY) for its global supermini compact car, March (also known as Micra in some regions including India). The systems are manufactured in the company's Asian operations. They...
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Nissan November Sales up 26.8%
Wednesday, December 1, 2010 - 2:39pm | 54Nissan (NSANY) today reported November U.S. sales of 71,366 units versus 56,288 units a year earlier, an increase of 26.8 percent. Nissan Division sales were up 24.8 percent for the month, and sales of Infiniti vehicles rose 45 percent from the prior year. For all of 2010, NNA sales are up 17...
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Toyota November Sales down 7.3%
Wednesday, December 1, 2010 - 2:16pm | 123Toyota (NYSE: TM) today reported November sales of 129,317 units, a decrease of 7.3 percent from the same period last year, on a daily selling rate basis. On a raw volume basis, unadjusted for 24 selling days in November 2010, compared to 23 selling days in November 2009, TMS sales were down 3.2...
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Bookkeeping: Doubling Down on Ford (F) After Tremendous November Sales of +24%
Wednesday, December 1, 2010 - 1:58pm | 524I've taken some profits on Ford (F) along the way from the initial entry in late October in the mid $14s. My attentions have been elsewhere but looking at the chart I see after peaking in the mid $17s, the stock has skimmed nicely along its 20 day moving average (where I should have been buying)...
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GM Up 2% On Strong November Sales (GM)
Wednesday, December 1, 2010 - 1:58pm | 46General Motors Co. (NYSE: GM) is nearly 2% higher on the day, as the Detroit-based automaker reported November sales. GM said it 168,739 units in November, up from 151,427 a year earlier. Excluding the discarded brands, GM's core four brands rose 21%.
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Toyota Sues Former GM Over Shuttered Joint Venture
Wednesday, December 1, 2010 - 1:50pm | 135Toyota Motor Corp. (NYSE: TM) said Wednesday it filed a lawsuit against General Motors Co.'s (NYSE: GM) bankruptcy estate over a production halt at a now-closed manufacturing joint venture in California. The Japanese car maker says Motors Liquidation Co. should pay $73 million in damages to cover R...
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Benzinga's Political Round Up
Wednesday, December 1, 2010 - 1:31pm | 191U.S. states will face more financial stress next year, as stimulus spending comes to an end. This could hurt municipal bonds and ETFs like iShares S&P Natl AMTFr Mncpl Bd Fd ETF (NYSE: MUB). Federal Reserve Chairman Ben Bernanke told executives from IBM (NYSE: IBM) and Ford (NYSE: F) yesterday...
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Afternoon Market Update (GM, DAL, JBLU, GOL, TAM, CPA, HAR)
Wednesday, December 1, 2010 - 1:05pm | 188Shares of General Motors Co (NYSE: GM) rose about 1.4% after the company reported 11.4% y/y rise in the US sales in November. The company's sales increased to 168,739 vehicles, versus 151,427, in the year-earlier period. Airline stocks rose, along with the wider equity market. The NYSE Arca Airline...