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Satcon Technology Turns Businesses Green With Energy Envy
Wednesday, July 6, 2011 - 10:44am | 672The wild swings in oil prices the last decade highlight a possible coming trend in economic and energy news, specifically around the questions of what is most economically feasible for the world going forward. Non-renewable resources are disappearing, and some companies are stepping up with new...
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Market Roundup
Wednesday, July 6, 2011 - 9:46am | 215Shares of Walgreen Co (NYSE: WAG) gained about 0.9% after the company reported a 4.8% rise in its June same-store sales. Analysts were expecting a 2.8% increase. Comparable results included a 4.7% rise in non-pharmacy front end sales. Its comparable pharmacy sales climbed 4.9%. Walgreen's total...
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Market Update
Wednesday, July 6, 2011 - 8:38am | 115Shares of International Game Technology (NYSE: IGT) gained about 0.3% after the company appointed Eric A. Berg as its President, effective July 18, 2011. Shares of Signature Bank (NASDAQ: SBNY) dropped about 2.4% after the company announced its plans to sell 4.1 million shares of common stock in...
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Biggest Pre-Market Winners and Losers
Wednesday, July 6, 2011 - 7:26am | 226Winners: Atmel (NASDAQ: ATML) is up over 2.75%, trading near $14.85. General Motors (NYSE: GM) is up over 1.25%, trading near $31.26. Yahoo! (NASDAQ: YHOO) is up over 0.70%, trading near $15.60 despite a lawsuit by InnerWorkings (NASDAQ: INWK) alleging defamation. Ford (NYSE: F) is up over 0.75...
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Morgan Stanley Removes Ford From Best Ideas List
Wednesday, July 6, 2011 - 6:50am | 235Morgan Stanley is removing shares of Ford (NYSE: F) from its Best Ideas list, but it still has an Overweight rating and a $21 price target on shares. The removal is due to underperformance against the S&P 500. In a note to clients, Morgan Stanley writes, "After a strong start to the year,...
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Morgan Stanley Moving General Motors To Best Idea
Wednesday, July 6, 2011 - 6:41am | 148Morgan Stanley is out with a research report on General Motors (NYSE: GM) with an Overweight rating and a $50 price target on shares. In a note to clients, Morgan Stanley writes, "GM is highly levered to both North America and emerging markets and represents an out-of-the-money call option on new...
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Morgan Stanley Updates 7/6
Wednesday, July 6, 2011 - 6:19am | 197Morgan Stanley made a number of updates in a research report published today. Intuit (NASDAQ: INTU) had its rating lowered from Overweight to Equal-weight. At the same time, the rating agency removed its price target on the company's stock. On Tuesday, Intuit added 0.23% to its value to end the...
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US Stock Futures Down As Investors Await Economic Data
Wednesday, July 6, 2011 - 5:15am | 279US stock futures are lower this morning, as investors are awaiting economic data. Futures on the Dow Jones Industrial Average dipped 32 points to 12,501.00 and futures on the S&P 500 stock index fell 4.60 points to 1,332.10. Nasdaq 100 futures dropped 5.75 points to 2,366.25. US stocks closed...
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Ford Reports 11% Rise In June China Vehicle Sales
Wednesday, July 6, 2011 - 3:21am | 67Ford Motor Co (NYSE: F) reported an 11% rise in its June vehicle sales in China. Ford's vehicle sales in China surged to 44,442 units. Sales in the first half of this year climbed 14% y/y to 274,510 in China. Ford shares gained 0.50% to $14.17 in after-hours trading. Read more from Benzinga's...
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Honda Reports 29.9% Drop In June China Car Sales
Wednesday, July 6, 2011 - 2:42am | 79Honda Motor Co Ltd (NYSE: HMC) posted a 29.9% fall in its automobile sales in China in June. Honda's sales in China dropped to 35,105 units in June. However, its sales in the first half of this year declined 12.3% y/y to 271,369 units. The company sold 646,631 units in China last year. HMC shares...
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Stocks To Watch For July 6
Wednesday, July 6, 2011 - 2:26am | 202Some of the stocks that may grab investor focus today are: DST Systems Inc (NYSE: DST) acquired the assets of IntelliSource Healthcare Solutions. The terms of the deal were not disclosed. DST shares gained 0.99% to close at $54.15 yesterday. Netflix Inc (NASDAQ: NFLX) announced its plans to...
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Treasury Bonds: The Worst Commodity (PST, TBT, GM)
Tuesday, July 5, 2011 - 10:14am | 966Over the past week or so, United States Treasury Bonds put in a major reversal. I've been waiting for this type of movement in Treasuries for the last few years. I've recommended shorting Treasuries several times over the last year. And I believe this one single trade could be one of the most...
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ETFs for Investing in the Auto Sector
Sunday, July 3, 2011 - 2:00pm | 668Auto stocks have benefited from U.S. economic recovery from the Great Recession. The DJ U.S. Automobiles & Parts index ($DJUSAP) is up nearly 350% since March 2009 bottom. Fidelity Investments is a prominent player in this sector having launched Fidelity Select Automotive (FSAVX) nearly 25...
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Sideline Money Flows In 07-01-2011
Friday, July 1, 2011 - 1:55pm | 997Cusick's Corner Buyers prevail. The sideline money is flowing into the market and it did it early on the heels of inline data this morning. The market is trending nicely, above the 50-Day Moving Average, taking back most of the pullback from the April highs, and this latest move is happening in...
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Ford Motors Higher As June Sales Beat
Friday, July 1, 2011 - 1:54pm | 134Ford Motor Company (NYSE: F) shares are up 20 cents to $13.99, a gain of nearly 1.5% as the company reported better than expected June sales. General Motors Co. (NYSE: GM) and Ford Motor Co. both said their sales rose 10 percent. “Strong demand for Ford's fuel-efficient cars and crossovers...