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Stocks Took a Breather 07-20-2011
Wednesday, July 20, 2011 - 6:37pm | 992Cusick's Corner Stocks took a breather, a little profit taking after yesterday's rally. Financials led the day on news from E-Trade (ETFC) and US Bancorp (USB). The Financial Select Sector ETF (XLF) was up +1.14% to close at 15 and the option volume was almost 80% higher than the average daily...
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Zings Of The Day July 20, 2011
Wednesday, July 20, 2011 - 2:45pm | 164Shares of Tesla Motor (NASDAQ: TSLA) rose sharply today after it disclosed a $100 million deal with Toyota (NYSE: TM) to provide parts for an electric version of the Rav4. Great. So Americans automotive future rests on Japan. Haven't I seen this one before? Several banks are weighing bids for...
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Tesla Announces Supply and Services Agreement with Toyota
Wednesday, July 20, 2011 - 11:19am | 109Tesla Motors, Inc. (NASDAQ: TSLA) entered into a Supply and Services Agreement with Toyota Motor Corporation (NYSE: TM) for the supply of a validated electric powertrain system, including a battery, charging system, inverter, motor, gearbox and associated software, which will be integrated into an...
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Judge Rules Toyota can Appeal Ruling in Lawsuit
Tuesday, July 19, 2011 - 8:10pm | 39A federal judge ruled on Tuesday that Toyota Motor (NYSE: TM) lawyers could appeal a previous ruling allowing consumers without sudden-acceleration claims to join litigation before a Santa Ana, California, court.
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GM Invests $328M in Flint Assembly Plant
Monday, July 18, 2011 - 10:03am | 80General Motors (NYSE: GM) will invest $328 million to prepare its plant in Flint, Mich. to build the next generation of Chevrolet and GMC full-size pickup trucks, creating or retaining 150 jobs. The plant, which currently has 2,047 employees, builds the hot-selling heavy-duty versions of the...
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Mad Money Lightning Round: Cramer Likes Southern Company
Thursday, July 14, 2011 - 1:21am | 279On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Quest Diagnostics (NYSE: DGX) has “done nothing recently but it's starting to more up." For Southern Company (NYSE: SO), he said, "I feel so good about that stock. That's the kind of stock you want to own as part of a...
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Fast Money Picks For July 14th (SLV, KRE, JPM, TM)
Wednesday, July 13, 2011 - 6:46pm | 217CNBC Fast Money's Brian Stutland thinks that it would be wise to buy iShares Silver Trust (ETF) (NYSE: SLV) tomorrow. iShares Silver Trust (ETF) (SLV) gained 5.77%, and closed at $37.23. Guy Adami is also bullish on silver, and Stephen Weiss wants to buy SPDR KBW Regional Banking (ETF) (NYSE: KRE...
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China Q2 GDP Stabilizes at '9.5%'
Wednesday, July 13, 2011 - 7:04am | 769I'm not necessarily saying these figures are accurate out of China, but just reporting them. The country claims GDP growth beat expectations at "9.5%". What the true number is, is anyone's guess. [Dec 7, 2010: Wikileaks - China's GDP Figures are "Man Made" ... ] [Aug 5, 2009: China's Provincial...
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Citi Updates on Auto Sector, 7/12/11
Tuesday, July 12, 2011 - 7:19am | 414Citi made a number of updates on companies in the auto sector in a research report published today. BorgWarner (NYSE: BWA) had its rating reiterated at Hold. At the same time, its price target was maintained at $83. On Monday, BWA lost 1.53% of its value to finish the day at $78.96. Ford (NYSE:...
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Earnings Ahead 07-08-2011
Friday, July 8, 2011 - 4:26pm | 837Cusick's Corner Buyers showed up at the close, and I am holding the long deltas in the S&Ps and short deltas in the bonds over the weekend. The thought process is that next week we have earnings plus the anticipation for solid numbers that could potentially start to drive the market early. The...
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ETF Showdown: Battle For Auto Supremacy
Friday, July 8, 2011 - 1:12pm | 558Throughout the years of rapid sector-specific expansion in the exchange traded products universe, one industry was always conspicuous by its absence: The automotive industry. Considering this is a key industry in the U.S. and in major developed economies such as Germany and Japan, the lack of an...
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Market Reacts to Unemployment 07-08-2011
Friday, July 8, 2011 - 12:27pm | 990Cusick's Corner The macro picture in the US is not as rosy as the market was picturing. But by no means does this mean that we are in a major trend shift, in fact this is a market that is still in an uptrend. The question is what the Fed will do now that QE is off the table and Washington is still...
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Friday's Mid-Day Options Volume Leaders
Friday, July 8, 2011 - 10:46am | 84Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 260,227 contracts, 60.6% calls, 39.4% puts 2. Microsoft Corp. (NASDAQ: MSFT) 90,458 contracts, 61.6% calls, 38.4% puts 3. Ford Motor Co. (NYSE: F) 79,438 contracts, 80.2% calls, 19.8% puts 4. Bank of America (NYSE: BAC)...
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What's Hot On TheStreet
Thursday, July 7, 2011 - 12:12pm | 246Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet GM Is a 'Best Idea,' Morgan Stanley Says General Motors (NYSE: GM) stock has rebounded 11% from its 52-week low, but remains in deep-discount territory, even as analysts boost their earnings forecasts. 10 Summer...
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J.P. Morgan Reports General Motors Shares Have Minimal Interest
Thursday, July 7, 2011 - 6:27am | 116According to J.P. Morgan, General Motors (NYSE: GM) shares have had minimal interest in recent months primarily because of overhang concerns, but it thinks this weight will be largely eliminated after the next US Treasury sale (expected before year-end) even if UST, Canada, and the UAW VEBA fund...