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GM

General Motors

$37.21

-1.62 (-4.17%)

18:02
09/16/19
09/16
18:02
09/16/19
18:02

Auto workers strike could cost GM $100M daily, WSJ says

General Motors could lose as much as $100M a day if the nationwide strike of auto workers goes on, the Wall Street Journal's Mike Colias reports. Car industry analysts estimate that the strike could dent the company's profit by between $50M and $100m daily, as stalled production could cut more than a tenth of GM's expected Q3 operating profit of about $3.5B by the weekend, though the company could make up some lost production once workers return, Colias says. Reference Link

GM General Motors
$37.21

-1.62 (-4.17%)

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.
09/16/19
09/16/19
UPGRADE
Target $15

Buy
Cars.com upgraded to Buy on attractive valuation, GM approval at Craig-Hallum
As previously reported, Craig-Hallum analyst Steve Dyer upgraded Cars.com (CARS) to Buy from Hold, with a $15 price target, as he thinks shares are mostly de-risked following the "massive" selloff after the conclusion of the company's strategic review. Further, the analyst believes that estimate cuts are largely done for the first time since the spin-out, and thinks the company's "strong" free cash flow is underappreciated. The announcement by General Motors (GM) to approve Dealer Inspire as an optional website services provider for its 4k dealers could be a catalyst for shares, he adds.

TODAY'S FREE FLY STORIES

APA

Apache

$22.98

0.86 (3.89%)

10:45
10/18/19
10/18
10:45
10/18/19
10:45
Options
Apache call volume above normal and directionally bullish »

Bullish option flow…

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    Oct

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    Nov

10:35
10/18/19
10/18
10:35
10/18/19
10:35
General news
Treasury Action: Treasury yields are a little richer in a bull steepening trade »

Treasury Action: Treasury…

INCY

Incyte

$79.20

1.8 (2.33%)

10:32
10/18/19
10/18
10:32
10/18/19
10:32
Conference/Events
JMP Securities biotech analyst to hold an analyst/industry conference call »

Biotechnology Benjamin,…

03/08/13
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  • 21

    Oct

  • 29

    Oct

  • 06

    Nov

  • 07

    Dec

M

Macy's

$15.03

-0.74 (-4.69%)

, LB

L Brands

$16.61

-1.49 (-8.23%)

10:32
10/18/19
10/18
10:32
10/18/19
10:32
On The Fly
Softline retailers under pressure as Credit Suisse sees 'tougher road ahead' »

Shares of retailers…

M

Macy's

$15.03

-0.74 (-4.69%)

LB

L Brands

$16.61

-1.49 (-8.23%)

GPSN

GPS Industries Inc

$0.00

(0.00%)

JWN

Nordstrom

$34.40

-0.66 (-1.88%)

KSS

Kohl's

$50.95

-0.1 (-0.20%)

JCP

J.C. Penney

$1.01

-0.005 (-0.50%)

LEVI

Levi Strauss

$17.13

0.08 (0.47%)

VFC

VF Corp.

$91.76

0.15 (0.16%)

ROST

Ross Stores

$113.77

0.76 (0.67%)

BURL

Burlington Stores

$202.12

-0.29 (-0.14%)

NKE

Nike

$95.24

-0.3 (-0.31%)

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  • 22

    Oct

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    Oct

  • 19

    Nov

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    Nov

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    Nov

XLF

Financial Select Sector

$28.05

(0.00%)

10:30
10/18/19
10/18
10:30
10/18/19
10:30
Options
Long-dated put buyer in Financial ETF appears to add to large position »

Long-dated put buyer in…

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CRM

Salesforce

$144.27

-1.9 (-1.30%)

10:25
10/18/19
10/18
10:25
10/18/19
10:25
Options
Salesforce call volume above normal and directionally bullish »

Bullish option flow…

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  • 18

    Oct

  • 16

    Dec

10:25
10/18/19
10/18
10:25
10/18/19
10:25
General news
Fed's George said her outlook does not call for another rate cut »

Fed's George said…

10:25
10/18/19
10/18
10:25
10/18/19
10:25
Conference/Events
Federal Reserve Bank of Minneapolis president participates in a summit »

Minneapolis Federal…

SCHW

Charles Schwab

$39.75

0.29 (0.73%)

10:25
10/18/19
10/18
10:25
10/18/19
10:25
Conference/Events
Charles Schwab to host business news update conference call »

President & CEO…

03/08/13
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  • 18

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CG

Carlyle Group

$27.06

-0.07 (-0.26%)

10:22
10/18/19
10/18
10:22
10/18/19
10:22
Periodicals
Carlyle in talks to buy Goya in deal valuing food company at $3.5B, NY Post says »

Goya Foods is in…

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  • 28

    Oct

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STT

State Street

$61.41

1.7 (2.85%)

10:22
10/18/19
10/18
10:22
10/18/19
10:22
Hot Stocks
State Street sees servicing fees 'flattish' in Q4, management fees up 1%-2% »

Sees markets business…

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  • 18

    Oct

10:20
10/18/19
10/18
10:20
10/18/19
10:20
General news
FX Action: The dollar »

FX Action: The dollar…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
10/18/19
10/18
10:17
10/18/19
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
10/18/19
10/18
10:16
10/18/19
10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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10:15
10/18/19
10/18
10:15
10/18/19
10:15
Conference/Events
JPMorgan autos/auto parts analyst to hold an analyst/industry conference call »

Autos & Auto Parts…

10:15
10/18/19
10/18
10:15
10/18/19
10:15
General news
U.S. leading economic index dipped -0.1% to 111.9 in September »

U.S. leading economic…

10:15
10/18/19
10/18
10:15
10/18/19
10:15
General news
Breaking General news story  »

Minneapolis Federal…

NIO

NIO Inc.

$1.48

0.01 (0.68%)

10:10
10/18/19
10/18
10:10
10/18/19
10:10
Options
Nov 1.5 put seller in NIO cashes out 140% winner »

Nov 1.5 put seller in NIO…

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IRET

Investors Real Estate

$76.60

0.75 (0.99%)

, PINS

Pinterest

$25.86

-0.14 (-0.54%)

10:06
10/18/19
10/18
10:06
10/18/19
10:06
Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

IRET

Investors Real Estate

$76.60

0.75 (0.99%)

PINS

Pinterest

$25.86

-0.14 (-0.54%)

SNAP

Snap

$14.00

0.22 (1.60%)

IDN

Intellicheck

$5.00

(0.00%)

WBT

Welbilt

$17.97

(0.00%)

DAVA

Endava

$40.06

-0.01 (-0.02%)

03/08/13
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  • 22

    Oct

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  • 05

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    Nov

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  • 19

    Nov

  • 20

    Nov

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  • 04

    Dec

  • 05

    Dec

  • 16

    Oct

GIL

Gildan Activewear

$25.88

-9.495 (-26.84%)

, CAT

Caterpillar

$131.37

1.36 (1.05%)

10:06
10/18/19
10/18
10:06
10/18/19
10:06
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

GIL

Gildan Activewear

$25.88

-9.495 (-26.84%)

CAT

Caterpillar

$131.37

1.36 (1.05%)

CRL

Charles River

$135.10

-0.97 (-0.71%)

M

Macy's

$14.98

-0.79 (-5.01%)

LB

L Brands

$16.56

-1.54 (-8.51%)

GPS

Gap

$16.53

-1.05 (-5.97%)

WM

Waste Management

$115.34

-0.97 (-0.83%)

03/08/13
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  • 23

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  • 04

    Nov

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    Nov

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    Nov

MO

Altria Group

$44.40

0.14 (0.32%)

, SNAP

Snap

$13.99

0.21 (1.52%)

10:06
10/18/19
10/18
10:06
10/18/19
10:06
Upgrade
Fly Intel: Top five analyst upgrades »

Catch up on today's…

MO

Altria Group

$44.40

0.14 (0.32%)

SNAP

Snap

$13.99

0.21 (1.52%)

CMG

Chipotle

$846.04

17.95 (2.17%)

RSG

Republic Services

$87.30

1.15 (1.33%)

WCN

Waste Connections

$92.97

0.7 (0.76%)

03/08/13
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  • 22

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    Nov

STT

State Street

$60.83

1.12 (1.88%)

10:05
10/18/19
10/18
10:05
10/18/19
10:05
Hot Stocks
State Street says reigniting servicing fee revenue growth remains a top priority »

Comments taken from the…

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  • 18

    Oct

10:02
10/18/19
10/18
10:02
10/18/19
10:02
General news
Leading Indicators data reported »

September Leading…

SXT

Sensient

$60.60

-5.97 (-8.97%)

10:00
10/18/19
10/18
10:00
10/18/19
10:00
Hot Stocks
Sensient falls -8.8% »

Sensient is down -8.8%,…

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  • 18

    Oct

NNA

Navios Acquisition

$8.58

-1.78 (-17.18%)

10:00
10/18/19
10/18
10:00
10/18/19
10:00
Hot Stocks
Navios Acquisition falls -17.6% »

Navios Acquisition is…

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