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GM

General Motors

$38.83

-0.22 (-0.56%)

15:41
09/15/19
09/15
15:41
09/15/19
15:41

UAW calls strike against GM amid financial crisis, CNBC reports

The United Auto Workers union plans to strike against General Motors following the two sides not reaching a tentative deal before a Saturday night deadline, CNBC's Michael Wayland reports. The last time the union declared a strike at GM was in 2007, the author notes. Reference Link

GM General Motors
$38.83

-0.22 (-0.56%)

07/22/19
RBCM
07/22/19
NO CHANGE
Target $52
RBCM
Outperform
General Motors price target raised to $52 from $48 at RBC Capital
RBC Capital analyst Joseph Spak raised his price target on General Motors to $52 and kept his Outperform rating, saying the stock is currently is "favorite auto name" based on its "potential massive earnings, attractive valuation, no European exposure, and AV optionality." The analyst also cites GM's potential for a "second derivative improvement" from its China operations, with about 12% of its core auto profits coming from that market. Spak believes that General Motors will generate stronger earnings heading into 2020 and outperform the sector thanks to its new product price/mix, restructuring initiatives, and lower input costs.
08/02/19
SBSH
08/02/19
NO CHANGE
Target $68
SBSH
Buy
Citi boosts GM target to $68, says pickup story still not understood
Citi analyst Itay Michaeli raised his price target for General Motors to $68 from $67 and reiterates a Buy rating on the shares following the company's Q2 results. The path to $76-$134 per share goes through unlocking value in pickups, Michaeli tells investors in a research note. The quarter provided another proof-point of GM's "unique fundamental position, led by a Pickup Truck story that we feel is still not well-understood," says the analyst.
09/05/19
CHLM
09/05/19
DOWNGRADE
CHLM
Hold
Craig-Hallum cuts TeleNav to Hold as GM transitions to Google Maps
Craig-Hallum analyst Steve Dyer downgraded TeleNav to Hold from Buy, and lowered his price target on the shares to $5 from $13, after General Motors (GM) announced a Google (GOOG, GOOGL) "infotainment system that will be rolled out worldwide beginning in 2021. The analyst confirmed with sources at GM that TeleNav, GM's current navigation provider, will be replaced with Google Maps, a process which he believes will be a multi-year transition aligning with TeleNav's contract with GM through 2025. Dyer called this transition a "significant negative" for TeleNav, noting that GM contributed $41M in revenue and $54M in billings to TeleNav in FY19, which Dyer was estimating would increase to $81M in revenue in FY20.
09/06/19
RILY
09/06/19
NO CHANGE
Target $7.5
RILY
Buy
TeleNav could be attractive buyout candidate at these levels, says B. Riley FBR
While news that General Motors (GM) is introducing new in-vehicle technology provided by Google (GOOG, GOOGL) is "clearly disappointing," any potential financial impact to Telenav (TNAV) is unlikely to happen until fiscal 2022, B. Riley FBR analyst Josh Nichols tells investors in a research note. Further, the analyst believes TeleNav's revenue from GM is more likely to experience a gradual attrition over a number of years, giving the company a "long runway" to win additional business. Nichols lowered his price target for TeleNav shares to $7.50 from $10.50 but keeps a Buy rating on the name, believing most of the longer-term GM risk is already priced in, despite the eventual outcome remaining unclear. The stock closed Thursday down 45%, or $4.69, to $5.80. TeleNav's current enterprise value of approximately $150M could potentially be justified by Ford (F) alone, which accounted for $141M of billings in fiscal 2019, says Nichols. In addition, TeleNav has developed an array of automotive relationships expertise, and intellectual property, which "has value as well and could be attractive to potential buyers at these levels," contends the analyst.

TODAY'S FREE FLY STORIES

BOX

Box

$16.74

0.345 (2.10%)

09:36
10/14/19
10/14
09:36
10/14/19
09:36
Periodicals
Box hires Morgan Stanley as advisor amid activist push, Dealreporter says »

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  • 15

    Oct

REPR

RMS Medical Products

$0.00

(0.00%)

09:35
10/14/19
10/14
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09:35
Hot Stocks
RMS Medical Products to commence trading on Nasdaq on October 17 »

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  • 12

    Nov

VRTS

Virtus Investment

$90.90

2.59 (2.93%)

09:34
10/14/19
10/14
09:34
10/14/19
09:34
Upgrade
Virtus Investment rating change  »

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VNO

Vornado

$62.65

0.46 (0.74%)

09:34
10/14/19
10/14
09:34
10/14/19
09:34
Hot Stocks
Vornado announces certain items to be included in Q3 results »

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  • 29

    Oct

CHKP

Check Point

$111.27

1.78 (1.63%)

09:32
10/14/19
10/14
09:32
10/14/19
09:32
Downgrade
Check Point rating change  »

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  • 15

    Oct

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  • 16

    Dec

BSMX

Santander Mexico

$6.86

0.165 (2.47%)

09:32
10/14/19
10/14
09:32
10/14/19
09:32
Upgrade
Santander Mexico rating change  »

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  • 01

    Nov

09:30
10/14/19
10/14
09:30
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09:30
General news
Oil Action: Front-month WIT are down 2.3% »

Oil Action: Front-month…

GM

General Motors

$35.57

0.9 (2.60%)

09:29
10/14/19
10/14
09:29
10/14/19
09:29
Recommendations
General Motors analyst commentary  »

Morgan Stanley…

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  • 29

    Oct

ACB

Aurora Cannabis

$3.68

-0.045 (-1.21%)

09:28
10/14/19
10/14
09:28
10/14/19
09:28
Recommendations
Aurora Cannabis analyst commentary  »

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  • 12

    Nov

09:25
10/14/19
10/14
09:25
10/14/19
09:25
General news
Oil Action: Front-month WIT are down 2.3% »

Oil Action: Front-month…

ZLAB

Zai Lab

$32.38

0.01 (0.03%)

09:25
10/14/19
10/14
09:25
10/14/19
09:25
Conference/Events
Zai Lab participates in a conference call with JPMorgan »

SMid Biotechnology Equity…

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  • 14

    Oct

AMZN

Amazon.com

$1,730.79

11.115 (0.65%)

09:24
10/14/19
10/14
09:24
10/14/19
09:24
Recommendations
Amazon.com analyst commentary  »

Loop Capital…

03/08/13
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  • 24

    Oct

  • 27

    Oct

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    Oct

  • 21

    Nov

F

Ford

$8.78

0.145 (1.68%)

09:22
10/14/19
10/14
09:22
10/14/19
09:22
Hot Stocks
Ford reports Q3 Europe sales up 3.1% to 313,400 vehicles »

Ford sales grew more than…

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  • 23

    Oct

ACM

Aecom

$37.14

0.35 (0.95%)

, LPG

Dorian LPG

$11.48

0.22 (1.95%)

09:21
10/14/19
10/14
09:21
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09:21
Hot Stocks
Fly Intel: Pre-market Movers »

HIGHER: Aecom (ACM), up…

ACM

Aecom

$37.14

0.35 (0.95%)

LPG

Dorian LPG

$11.48

0.22 (1.95%)

LYFT

Lyft

$39.49

1.8 (4.78%)

WDC

Western Digital

$58.36

1.09 (1.90%)

FLXN

Flexion

$13.37

0.125 (0.94%)

AMTD

TD Ameritrade

$35.27

0.78 (2.26%)

IPGP

IPG Photonics

$136.12

6.24 (4.80%)

03/08/13
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03/06/13
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  • 22

    Oct

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    Nov

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    Nov

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    Nov

  • 20

    Nov

YNDX

Yandex

$29.95

-5.62 (-15.80%)

09:19
10/14/19
10/14
09:19
10/14/19
09:19
Recommendations
Yandex analyst commentary  »

Foreign ownership limit…

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  • 25

    Oct

AMCX

AMC Networks

$48.42

0.89 (1.87%)

09:19
10/14/19
10/14
09:19
10/14/19
09:19
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AMC Networks rating change  »

Evercore downgrades AMC…

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  • 31

    Oct

SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
10/14/19
10/14
09:18
10/14/19
09:18
Options
Overnight activity included 332 trades in SPX and 7 trades in VIX »

332 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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AGN

Allergan

$169.06

1.255 (0.75%)

, ABBV

AbbVie

$73.66

1.39 (1.92%)

09:17
10/14/19
10/14
09:17
10/14/19
09:17
Hot Stocks
Allergan shareholders approve AbbVie acquisition proposal »

Allergan (AGN) announced…

AGN

Allergan

$169.06

1.255 (0.75%)

ABBV

AbbVie

$73.66

1.39 (1.92%)

03/08/13
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  • 01

    Nov

TOL

Toll Brothers

$39.49

0.2 (0.51%)

09:16
10/14/19
10/14
09:16
10/14/19
09:16
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Toll Brothers rating change  »

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GBT

Global Blood Therapeutics

$46.49

0.61 (1.33%)

09:16
10/14/19
10/14
09:16
10/14/19
09:16
Recommendations
Global Blood Therapeutics analyst commentary  »

Global Blood Therapeutics…

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  • 26

    Feb

AMGN

Amgen

$200.76

2.05 (1.03%)

09:15
10/14/19
10/14
09:15
10/14/19
09:15
Initiation
Amgen initiated  »

Amgen resumed with an…

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  • 29

    Oct

  • 06

    Nov

JAZZ

Jazz Pharmaceuticals

$118.61

0.62 (0.53%)

09:13
10/14/19
10/14
09:13
10/14/19
09:13
Initiation
Jazz Pharmaceuticals initiated  »

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PBI

Pitney Bowes

$4.40

0.04 (0.92%)

09:13
10/14/19
10/14
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09:13
Hot Stocks
Pitney Bowes issues statement on malware attack »

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  • 05

    Nov

INFY

Infosys

$10.97

-0.22 (-1.97%)

09:13
10/14/19
10/14
09:13
10/14/19
09:13
Downgrade
Infosys rating change  »

Infosys downgraded to…

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  • 11

    Nov

ARGO

Argo Group

$67.34

1.4 (2.12%)

09:12
10/14/19
10/14
09:12
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09:12
Hot Stocks
Argo Group holder Voce comments on SEC probe »

Voce Capital, the…

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