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GM

General Motors

$37.32

-0.37 (-0.98%)

08:47
08/29/18
08/29
08:47
08/29/18
08:47

GM postpones launch of Buick EV in China due to battery issues, WSJ reports

General Motors' plans to accelerate electric-vehicle production in China were set back after the company found that the Chinese-made batteries it intended to use failed to meet its own performance and safety standards during testing, the Wall Street Journal reports, citing a person familiar with the situation. GM, which still plans to launch 10 EVs in China by 2020, was intending to enter production next month on its plug-in hybrid Buick Velite 6, with a pure-electric model due to follow next year, but that launch schedule has now been delayed with internal tests showing the battery did not meet quality standards. Reference Link

  • 31

    Aug

GM General Motors
$37.32

-0.37 (-0.98%)

07/20/18
07/20/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BOFA CUTS YUM CHINA TO UNDERPERFORM: BofA Merrill Lynch analyst Chen Luo downgraded Yum China (YUMC) to Underperform from Neutral and cut its price target to $34 from $44.30. Luo said he expects Yum China to continue to underperform given a likely peak in KFC trends amid China's weakening macro environment, a likely prolonged turnaround at Pizza Hut combined with heavy costs, a slowdown in Chinese consumer consumption, and RMB depreciation. Yum China is down 4.8% in late morning trading. CREDIT SUISSE CUTS FIVE BELOW TO NEUTRAL: Credit Suisse analyst Judah Frommer downgraded Five Below (FIVE) to Neutral from Outperform, telling investors that he is moving to the sidelines as he sees risk/reward balanced at current levels given the stock's material outperformance and back-half comp acceleration that he believes is priced into shares. Frommer keeps his $110 price target and says Five Below remains one of the most differentiated concepts in retail. Five Below is down 4.4% in late morning trading. BAIRD MORE CAUTIOUS ON DRUG SUPPLY CHAIN: Baird analyst Eric Coldwell downgraded Express Scripts (ESRX), AmerisourceBergen (ABC), and McKesson (MCK), all to Neutral from Outperform, citing the heavy political attack in recent weeks against pharmacy benefit managers and members of the drug supply chain. Among them, he said AmerisourceBergen remains his preferred name, but he cannot justify putting new money to work in these names in the current environment. SUNTRUST STARTS VIKING WITH A BUY: SunTrust analyst Edward Nash initiated Viking Therapeutics (VKTX) with a Buy rating and a price target of $14, saying its VK2809 drug for lipid disorders "has the potential to become a promising treatment by addressing multiple metabolic issues" associated with the non-alcoholic steatohepatitis disease, or NASH. Viking is up 8.3% in late morning trading. JPMORGAN SAYS BUY GM, SELL TESLA INTO EARNINGS: JPMorgan analyst Ryan Brinkman forecast lower than consensus Q2 earnings for Ford (F) and higher than consensus earnings for General Motors (GM). The analyst is also concerned about the potential for a "large loss and accompanying large cash outflow" at Tesla (TSLA) in Q2 to "make the bridge" to GAAP profitability and positive cash generation in the second half of the year. Brinkman maintained Overweight ratings on GM and Ford, with a preference for GM shares. He also kept his cautious Underweight rating on Tesla shares, seeing 44% downside to his $180 December 2018 price target.
07/24/18
PIPR
07/24/18
NO CHANGE
Target $57
PIPR
Overweight
General Motors outperforming Ford in China, says Piper Jaffray
While both would suffer in a trade war, it is clear that General Motors (GM) is outperforming Ford (F) in China, Piper Jaffray analyst Alexander Potter tells investors in a research note. The analyst views GM's China business as stable, with a growing presence in luxury. He thinks Cadillac represented 16.7% of GM's Q2 revenue in China, versus 13.6% in 2017, which should boost margins. Until its "new product blitz gains momentum, Ford's China business will likely continue bleeding," Potter contends. He notes the company's Ford's retail sales in China declined by 38% year-over-year in June. The analyst keeps an Overweight rating on GM and a Neutral rating on Ford.
07/26/18
SBSH
07/26/18
NO CHANGE
Target $60
SBSH
Buy
General Motors price target lowered to $60 from $70 at Citi
Citi analyst Itay Michaeli lowered his price target for General Motors to $60 citing worse currency and commodity headwinds following yesterday's Q2 results. The analyst keeps a Buy rating on the shares. GM's guidance, while disappointing, doesn't signal a change to the core thesis around pickup truck and robotaxi networks, Michaeli tells investors in a research note.
08/23/18
UBSW
08/23/18
NO CHANGE
UBSW
UBS teardown finds 'numerous' quality issues with Tesla's Model 3
The UBS Evidence Lab tore down the new Tesla (TSLA) Model 3, the 2014 BMW (BMWYY) i3, and 2017 Chevy Bolt from General Motors (GM), UBS analysts led by Colin Langan tell investors in a research note. While Tesla won the first test focused on powertrain and the second test focused on electronics, it came in last on the third test, which focused on fit and finish. Teardown experts noted "numerous" Model 3 quality issues including inconsistent gaps and flushness throughout the car, missing bolts, loose tolerances, and uneven and misaligned spot welds, UBS writes in a research note partially titled "The Revolution is Over." The Model 3 car scored "below average" on the firm's fit and finish quality audit. The results confirm media reports of quality issues and are disappointing for a $49,000 car, UBS writes to investors. The winner of the third test was the Chevy Bolt, with the BMW i3 close behind. UBS believes the Bolt offers good value with a price that's over $10,000 lower than the BMW i3.

TODAY'S FREE FLY STORIES

CHFC

Chemical Financial

$43.58

0.85 (1.99%)

16:18
04/23/19
04/23
16:18
04/23/19
16:18
Earnings
Chemical Financial reports Q1 ex-items EPS $1.02, consensus 99c »

Reports Q1 revenue…

03/08/13
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  • 24

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    May

RAD

Rite Aid

$9.90

-0.86 (-7.99%)

, MO

Altria Group

$54.84

0.23 (0.42%)

16:18
04/23/19
04/23
16:18
04/23/19
16:18
Hot Stocks
Rite Aid to increase minimum tobacco purchase age to 21 years old »

Rite Aid will increase…

RAD

Rite Aid

$9.90

-0.86 (-7.99%)

MO

Altria Group

$54.84

0.23 (0.42%)

03/08/13
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03/06/13
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03/06/13
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  • 25

    Apr

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HBMD

Howard Bancorp

$14.11

-0.01 (-0.07%)

16:18
04/23/19
04/23
16:18
04/23/19
16:18
Earnings
Howard Bancorp reports Q1 EPS 22c, consensus 20c »

Total assets at March 31,…

03/08/13
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  • 22

    May

EBAY

eBay

$36.66

0.51 (1.41%)

16:18
04/23/19
04/23
16:18
04/23/19
16:18
Earnings
eBay raises FY19 adjusted EPS view to $2.64-$2.70 from $2.62-$2.68 »

FY19 consensus $2.66.…

03/08/13
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  • 23

    Apr

SPN

Superior Energy

$4.97

-0.02 (-0.40%)

16:18
04/23/19
04/23
16:18
04/23/19
16:18
Earnings
Superior Energy reports Q1 EPS (31c), consensus (24c) »

Reports Q1 revenue…

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  • 24

    Apr

EW

Edwards Lifesciences

$180.89

2.64 (1.48%)

16:17
04/23/19
04/23
16:17
04/23/19
16:17
Earnings
Edwards Lifesciences reports Q1 adjusted EPS $1.32, consensus $1.22 »

Reports Q1 revenue $993M,…

03/08/13
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03/08/13
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03/06/13
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  • 23

    Apr

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    May

TWTR

Twitter

$39.76

5.37 (15.62%)

16:17
04/23/19
04/23
16:17
04/23/19
16:17
Periodicals
Twitter CEO to have 'closed-door meeting' with President Trump, Motherboard says »

Twitter CEO Jack Dorsey…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Apr

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    May

HXL

Hexcel

$69.67

1.4 (2.05%)

16:17
04/23/19
04/23
16:17
04/23/19
16:17
Earnings
Hexcel backs FY19 adj. EPS view of $3.38-$3.52, consensus $3.46 »

Backs FY19 revenue view…

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  • 24

    Apr

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    May

  • 05

    Jun

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
04/23/19
04/23
16:17
04/23/19
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

03/08/13
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MET

MetLife

$45.43

0.24 (0.53%)

16:16
04/23/19
04/23
16:16
04/23/19
16:16
Hot Stocks
MetLife raises quarterly dividend by 4.8% to 44c per share »

The dividend will be…

03/08/13
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  • 02

    May

  • 11

    Jun

  • 18

    Jun

  • 18

    Jun

MRCY

Mercury Systems

$71.81

1.38 (1.96%)

16:16
04/23/19
04/23
16:16
04/23/19
16:16
Hot Stocks
Mercury Systems receives $9M follow-on order »

Mercury Systems announced…

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  • 30

    Apr

  • 05

    Jun

RHI

Robert Half

$68.83

1.46 (2.17%)

16:16
04/23/19
04/23
16:16
04/23/19
16:16
Earnings
Robert Half reports Q1 EPS 93c, consensus 95c »

Reports Q1 revenue…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Apr

  • 22

    May

EBAY

eBay

$36.66

0.51 (1.41%)

16:16
04/23/19
04/23
16:16
04/23/19
16:16
Earnings
eBay sees Q2 adjusted EPS 61c-63c, consensus 60c »

Sees Q2 revenue…

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  • 23

    Apr

HXL

Hexcel

$69.67

1.4 (2.05%)

16:16
04/23/19
04/23
16:16
04/23/19
16:16
Earnings
Hexcel reports Q1 EPS 84c, consensus 78c »

Reports Q1 revenue…

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  • 24

    Apr

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    May

  • 05

    Jun

$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
04/23/19
04/23
16:16
04/23/19
16:16
Technical Analysis
NYSE market internals summary »

Volume was average for…

03/08/13
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03/06/13
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TSS

TSYS

$102.25

1.46 (1.45%)

16:15
04/23/19
04/23
16:15
04/23/19
16:15
Earnings
TSYS reports Q1 adjusted EPS $1.20, consensus $1.16 »

Reports Q1 revenue…

03/08/13
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03/06/13
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  • 23

    Apr

  • 02

    May

EBAY

eBay

$36.66

0.51 (1.41%)

16:15
04/23/19
04/23
16:15
04/23/19
16:15
Earnings
eBay reports Q1 adjusted EPS 67c, consensus 63c »

Reports Q1 revenue $2.6B,…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

    Apr

WNEB

Western New England Bancorp

$9.50

-0.13 (-1.35%)

16:14
04/23/19
04/23
16:14
04/23/19
16:14
Earnings
Western New England Bancorp reports Q1 EPS 13c, consensus 13c »

Reports Q1 book value per…

03/08/13
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  • 14

    May

HAFC

Hanmi Financial

$22.53

0.94 (4.35%)

16:14
04/23/19
04/23
16:14
04/23/19
16:14
Hot Stocks
Hanmi Financial board appoints Bonnie Lee as CEO upon C. G. Kum retirement »

C. G. Kum, Chief…

03/08/13
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03/06/13
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  • 23

    Apr

  • 22

    May

SNAP

Snap

$12.02

0.49 (4.25%)

16:13
04/23/19
04/23
16:13
04/23/19
16:13
Hot Stocks
Snap reports Q1 free cash flow ($78M) »

Operating cash flow…

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  • 23

    Apr

KHC

Kraft Heinz

$33.10

0.205 (0.62%)

, CAG

Conagra Brands

$30.89

0.01 (0.03%)

16:13
04/23/19
04/23
16:13
04/23/19
16:13
Periodicals
Kraft Heinz hires Evercore to sell Ore-Ida brand, CNBC reports »

Kraft Heinz has hired…

KHC

Kraft Heinz

$33.10

0.205 (0.62%)

CAG

Conagra Brands

$30.89

0.01 (0.03%)

LW

Lamb Weston

$69.48

0.61 (0.89%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 18

    May

SYNL

Synalloy

$14.34

0.215 (1.52%)

16:12
04/23/19
04/23
16:12
04/23/19
16:12
Hot Stocks
Privet Management offers to acquire Synalloy for $20 per share in cash »

In a regulatory filing,…

03/08/13
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03/06/13
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03/06/13
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  • 30

    Apr

  • 16

    May

SNAP

Snap

$12.03

0.5 (4.34%)

16:12
04/23/19
04/23
16:12
04/23/19
16:12
Earnings
Snap sees Q2 revenue $335M-$360M, consensus $348.04M »

Sees Q2 adjusted EBITDA…

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03/06/13
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  • 23

    Apr

SYK

Stryker

$186.51

4.465 (2.45%)

16:12
04/23/19
04/23
16:12
04/23/19
16:12
Earnings
Stryker sees Q2 adjusted EPS $1.90-$1.95, consensus $1.96 »

If foreign currency…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Apr

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    May

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    May

  • 29

    May

ARAY

Accuray

$4.43

0.26 (6.24%)

16:12
04/23/19
04/23
16:12
04/23/19
16:12
Earnings
Accuray sees FY19 product revenue up 4%-8% »

Sees FY19 service revenue…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Apr

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