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Ford November Sales Up 24 Percent
Wednesday, December 1, 2010 - 1:00pm | 65Consumer demand for Ford Motor Company's (NYSE: F) vehicles boosted November sales 24 percent versus a year ago, with 147,338 units sold. Year-to-date, Ford, Lincoln and Mercury sales totaled 1.74 million, up 21 percent – growing at double the overall industry rate. Ford remains on track to gain...
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General Motors (NYSE:GM) Options Start Trading
Wednesday, December 1, 2010 - 12:59pm | 1568Twelve days ago, we had the much-anticipated initial public offering (IPO) of General Motors (NYSE:GM). Monday of this week, options on the Detroit-based automaker were (again) listed for trading. One might have thought that the new GM options would trade with a higher implied volatility than its...
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GM Daewoo to Repay $1B Debt - Analyst Blog
Wednesday, December 1, 2010 - 12:30pm | 436General Motors Corporation (MTLQQ), in an attempt to further strengthen its financial position, has announced that its South Korean subsidiary, GM Daewoo Auto & Technology Inc., will fully repay its revolving credit facility this month. As of September 30, 2010, the facility had a balance of...
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Wednesday's Mid-Day Options Volume Leaders (BAC, C, AAPL, F, RIMM)
Wednesday, December 1, 2010 - 12:30pm | 113The overall market is jumping higher this morning, pushing through the 1,200 level earlier in the session; currently, the S&P 500 (CBOE: SPX) is trading at 1,200.05, higher by 19.50 points. Here are your mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 178,886 contracts, 71.3%...
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Thor Industries Reports 1Q11 EPS
Wednesday, December 1, 2010 - 11:12am | 109Citi has released its research report on Thor Industries (NYSE: THO) following THO's reported 1Q11 EPS. Citi writes, "AEP will freeze rates in 2011 at Columbus Southern Power (CSP), invest $45M in solar and distribution in OH, forego $18M of environmental recovery in 2011, and credit to ratepayers...
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Tenneco to Support Nissan March - Analyst Blog
Wednesday, December 1, 2010 - 9:05am | 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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GM Daewoo to Repay $1B Debt - Analyst Blog
Wednesday, December 1, 2010 - 6:44am | 436General Motors Corporation (MTLQQ), in an attempt to further strengthen its financial position, has announced that its South Korean subsidiary, GM Daewoo Auto & Technology Inc., will fully repay its revolving credit facility this month. As of September 30, 2010, the facility had a balance of...
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Scott Nations Suggests An Options Strategy In General Motors Company (GM)
Tuesday, November 30, 2010 - 8:21pm | 122CNBC's Options Action's Scott Nations suggested investors to consider an options strategy in General Motors Company (GM). He said that General Motors Company's (GM) shares are pretty expensive, and he added that if you are long the stock you should sell a covered call. Scott Nations wants to sell...
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Fast Money Picks For December 1st (F, GM, TEF, FDX, X)
Tuesday, November 30, 2010 - 8:06pm | 192On CNBC's Fast Money, Joe Terranova recommended investors to buy Ford Motor Company (NYSE: F), and General Motors Company (NYSE: GM). He likes the price action in these stocks. Ford (F) fell 0.75% today, and General Motors (GM) gained 1.18%. Guy Adami thinks that Freeport-McMoRan Copper & Gold...
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Watch Key Support Levels 11-30-2010
Tuesday, November 30, 2010 - 7:36pm | 869Cusick's Corner The data flow over the next 24 hours has the potential to add some additional volatility into these markets. Watching key support levels will be essential. Since the bulls are in control any tip below 1170 in the S&P would indicate that a temporary shift in momentum is upon...
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General Motors Finishes Up 1% (GM)
Tuesday, November 30, 2010 - 5:43pm | 39General Motors Co. (NYSE: GM) finished up 40 cents today to trade at $34.20, a gain of 1.2%. GM started trading on November 18, when the Detroit-based automaker came back to the markets from bankruptcy.
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Zings Of The Day (GOOG, STX, TM)
Tuesday, November 30, 2010 - 5:00pm | 127Google (NASDAQ: GOOG) is said to be close to buying Groupon, to the tune of around $6 billion. Maybe Groupon will give me a coupon for Google shares if I sign up. Seagate (NASDAQ: STX) announced last night it ended talks to go private. I wouldn't pay for it to be public, private or even exist....
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Market Roundup (THO, GOOG, STX, RIMM, SVU, KR, SWY)
Tuesday, November 30, 2010 - 1:45pm | 219Shares of Thor Industries (NYSE: THO) dipped about 12% after the company reported weaker-than-expected Q1 profit. The company's margins also dropped on year-over-year basis. Shares of THO have gained 18.24% over the past 52 weeks. US Technology stocks are lower, with Google Inc (NASDAQ: GOOG) as...
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GM Sells Steering Biz to China - Analyst Blog
Tuesday, November 30, 2010 - 1:00pm | 660General Motors (MTLQQ) has completed the sale of its Saginaw, Michigan-based Nexteer steering business to China-based Pacific Century Motors. Pacific Century Motors is a joint venture between Beijing-based auto components supplier Tempo Group and E-Town, the financing and investing arm of the...
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First Chevrolet Volt for Sale to be Auctioned Online
Tuesday, November 30, 2010 - 11:04am | 93The first Chevrolet Volt available for retail sale will be offered at public auction with the proceeds benefitting math and sciences education in the Detroit Public Schools. "Every aspect of the Volt – from its aerodynamic shape to its battery chemistry – is a testament to the importance of math...