Breaking News Instant updates and real-time market news.

GM

General Motors

$36.62

-0.25 (-0.68%)

, TM

Toyota

$143.53

-0.76 (-0.53%)

18:42
11/18/19
11/18
18:42
11/18/19
18:42

CA to halt purchase of GM, Toyota, Fiat Chrysler vehicles, Reuters reports

The state of California said it plans to halt all purchases of new vehicles for state government fleets from General Motors (GM), Toyota (TM), Fiat Chrysler (FCAU), and other car makers supporting U.S. President Donald Trump in a fight to strip the state of authority to regulate tailpipe emissions, Reuters' David Shepardson reports. Between 2016 and 2018, the state purchased $58.6M in vehicles from GM, $55.8M from Fiat Chrysler, $10.6M from Toyota, and $9M from Nissan (NSANY), Shepardson notes. "Removing vehicles like the Chevy Bolt and prohibiting GM and other manufacturers from consideration will reduce California's choices for affordable, American-made electric vehicles and limit its ability to reach its goal of minimizing the state government's carbon footprint, a goal that GM shares," said GM spokeswoman Jeannine Ginivan. Reference Link

GM

General Motors

$36.62

-0.25 (-0.68%)

TM

Toyota

$143.53

-0.76 (-0.53%)

FCAU

Fiat Chrysler

$15.63

-0.39 (-2.43%)

NSANY

Nissan

$0.00

(0.00%)

  • 19

    Nov

GM General Motors
$36.62

-0.25 (-0.68%)

11/05/19
LEHM
11/05/19
DOWNGRADE
Target $12
LEHM
Equal Weight
Barclays downgrades American Axle on limited earnings upside
Barclays analyst Brian Johnson downgraded American Axle (AXL) to Equal Weight from Overweight with an unchanged price target of $12. The analyst appreciates the company's progress on operational performance and launch cost reduction, but he sees limited upside to 2020 earnings estimates. Johnson thinks there is "little reason to be Overweight the stock" given the limited upside to 2020 earnings expectations as a result of General Motors' (GM) capacity constraints and late-cycle nature and its exposure to U.S. automotive.
10/30/19
FBCO
10/30/19
NO CHANGE
Target $47
FBCO
Outperform
GM earnings 'formally turned the page' on UAW strike, says Credit Suisse
Credit Suisse analyst Dan Levy raised his price target for General Motors to $47 from $46 and maintained an Outperform rating, saying the earnings release was important because it "formally turned the page" on the UAW strike. With the strike now in the rearview mirror, and with GM's steady state earnings power largely intact, Levy says he believes GM is well positioned and has an opportunity to position itself as one of the better stories in autoland given earnings growth and relatively more favorable end market exposures.
10/30/19
SBSH
10/30/19
NO CHANGE
SBSH
Buy
General Motors path to $76-$134 per share remains intact, says Citi
General Motors' Q3 results "provided another compelling proof-point of the uniqueness" of its North America franchise, led by a pickup truck story that is "still not well-understood," Citi analyst Itay Michaeli tells investors in a post-earnings research note. The question turns to whether GM shares "will again shrug off strong results or finally re-rate higher," questions the analyst. For his part, Michaeli believes GM's path to $76-$134 per share remains intact. He keeps a Buy rating on General Motors.
11/18/19
RBCM
11/18/19
NO CHANGE
Target $33
RBCM
Sector Perform
Navistar price target raised to $33 from $30 at RBC Capital
RBC Capital analyst Seth Weber raised his price target on Navistar (NAV) to $33 to reflect the multiple expansion across its peer group and calls the company's update last week regarding the impact of the GM (GM) autoworker strike as "unsurprising". The analyst notes that while the company projects its FY19 revenue and EBITDA to be at the low end of its prior guidance ranges, his FY20/21 estimates are "essentially unchanged", as he also maintains his Sector Perform rating on the stock.
TM Toyota
$143.53

-0.76 (-0.53%)

05/15/19
05/15/19
NO CHANGE

Trump plans to delay imposing tariffs on auto imports, Bloomberg reports
Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM), Volkswagen (VWAGY) and Tesla (TLSA).
05/15/19
MSCO
05/15/19
NO CHANGE
MSCO
Tariff delay a 'modest positive' for automakers, says Morgan Stanley
Morgan Stanley analyst Michael Zezas called media reports indicating that the U.S. plans to delay auto tariffs by up to 6 months a "modest positive" for the automaking group, stating that extra time somewhat reduces the probability of tariffs going into place but that the core impasse between the U.S. and EU - namely whether or not to include agricultural issues in negotiations - still remains and is the real driver of the tariff tension. The analyst, who noted that the U.S. retains the option to implement tariffs at any point within the 180 day delay, said he still thinks auto tariffs are likely to go into effect later this year. Publicly traded automakers that moved up following the headlines regarding the delay decision include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VWAGY).
06/07/19
BOFA
06/07/19
NO CHANGE
BOFA
Buy
Toyota 'clearly more focused' on China business, says BofA/Merrill
BofA/Merrill analyst Kei Nihonyanagi maintained a Buy rating and $140.98 price target on Toyota Motor (TM) following The Nikkei's report that the automaker will partner with China's CATL, an automotive battery maker. In a research note to investors, the analyst says the report is somewhat "surprising," given Toyota announced a JV with Panasonic (PCRFY) earlier this year to produce automotive batteries for electric vehicles, but says Toyota is "clearly more focused" on its China business than before.
09/05/19
MSCO
09/05/19
DOWNGRADE
MSCO
Underweight
Toyota downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley downgraded Toyota to Underweight, stating that the company's pivot to becoming a "new mobility leader" as announced early last year will come with higher R&D costs, lower margins, and lower free cash flows relative to consensus expectations. Morgan Stanley contends that "the market continues to underestimate the cost of transformation", adding that its value premium over other automakers will shrink over time.
FCAU Fiat Chrysler
$15.63

-0.39 (-2.43%)

11/01/19
REDB
11/01/19
UPGRADE
REDB
Neutral
Fiat Chrysler upgraded to Neutral from Sell at Redburn
Redburn analyst Charles Coldicott upgraded Fiat Chrysler to Neutral from Sell.
11/04/19
HSBC
11/04/19
UPGRADE
HSBC
Buy
Fiat Chrysler upgraded to Buy from Hold at HSBC
HSBC analyst Giulio Pescatore upgraded Fiat Chrysler to Buy from Hold.
11/12/19
EXAN
11/12/19
UPGRADE
Target $19.3
EXAN
Outperform
Fiat Chrysler upgraded to Outperform from Neutral at Exane BNP Paribas
Exane BNP Paribas analyst Stuart Pearson upgraded Fiat Chrysler to Outperform from Neutral with a price target of $19.30.
11/18/19
DBAB
11/18/19
DOWNGRADE
DBAB
Hold
Peugeot downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Gaetan Toulemonde downgraded Peugeot (PUGOY) to Hold from Buy with a price target of 26 euros, down from 28 euros. The analyst believes Peugeot shareholders are "taking all of the risks" in the proposed merger with Fiat Chrysler (FCAU).
NSANY Nissan
$0.00

(0.00%)

05/14/19
MACQ
05/14/19
DOWNGRADE
MACQ
Underperform
Nissan downgraded to Underperform from Neutral at Macquarie
06/05/19
UBSW
06/05/19
UPGRADE
UBSW
Buy
Nissan upgraded to Buy from Sell at UBS
UBS upgraded Nissan to Buy from Sell and raised its price target on the shares to Y900 from Y800.

TODAY'S FREE FLY STORIES

ACB

Aurora Cannabis

$2.52

-0.095 (-3.63%)

21:25
12/10/19
12/10
21:25
12/10/19
21:25
Conference/Events
Aurora Cannabis management to meet with Cantor Fitzgerald. »

Analyst Pablo Zuanic…

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  • 10

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SPY

SPDR S&P 500 ETF Trust

$313.58

-0.29 (-0.09%)

, SPX

S&P 500

$0.00

(0.00%)

21:00
12/10/19
12/10
21:00
12/10/19
21:00
General news
White House Navarro says 'no indication' Dec 15th tariffs will be delayed »

Comments made on Fox…

SPY

SPDR S&P 500 ETF Trust

$313.58

-0.29 (-0.09%)

SPX

S&P 500

$0.00

(0.00%)

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T

AT&T

$38.07

0.025 (0.07%)

20:35
12/10/19
12/10
20:35
12/10/19
20:35
Hot Stocks
AT&T sets 2020 cost cut target of 4%, enters into accelerated $4B buyback »

John Stankey, COO of…

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    Jan

AEO

American Eagle

$15.13

-0.21 (-1.37%)

, PLCE

Children's Place

$70.67

0.68 (0.97%)

20:25
12/10/19
12/10
20:25
12/10/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

AEO

American Eagle

$15.13

-0.21 (-1.37%)

PLCE

Children's Place

$70.67

0.68 (0.97%)

UNFI

United Natural Foods

$9.88

0.19 (1.96%)

VRA

Vera Bradley

$12.05

-0.09 (-0.74%)

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    Dec

SAGE

Sage Therapeutics

$63.23

0.55 (0.88%)

20:15
12/10/19
12/10
20:15
12/10/19
20:15
Hot Stocks
Sage Therapeutics CSO buys 25K shares of common stock »

In a regulatory filing,…

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SAGE

Sage Therapeutics

$63.23

0.55 (0.88%)

20:14
12/10/19
12/10
20:14
12/10/19
20:14
Hot Stocks
Sage Therapeutics CEO buys 7.5K shares of common stock »

In a regulatory filing,…

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XP

XP

$0.00

(0.00%)

20:11
12/10/19
12/10
20:11
12/10/19
20:11
Syndicate
XP 72.5M share IPO priced at $27.00 »

The deal priced above the…

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  • 11

    Dec

PMT

PennyMac Mortgage

$22.75

-0.055 (-0.24%)

20:08
12/10/19
12/10
20:08
12/10/19
20:08
Syndicate
PennyMac Mortgage 8M share Spot Secondary priced at $22.10 »

The deal priced below the…

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  • 11

    Dec

SALM

Salem Media

$1.49

0.03 (2.05%)

19:48
12/10/19
12/10
19:48
12/10/19
19:48
Hot Stocks
Salem Media cuts quarterly dividend to 2.5c from 6.5c per share »

The cash distribution…

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HROW

Harrow Health

$6.74

0.21 (3.22%)

19:46
12/10/19
12/10
19:46
12/10/19
19:46
Hot Stocks
Surgical Eyedrop wins return of patent from Harrow Health »

Novel Drug Solutions and…

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ZUMZ

Zumiez

$34.02

-0.67 (-1.93%)

19:32
12/10/19
12/10
19:32
12/10/19
19:32
Hot Stocks
Zumiez director sells 5.8K shares of common stock »

In a regulatory filing,…

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TRC

Tejon Ranch

$16.07

0.02 (0.12%)

18:47
12/10/19
12/10
18:47
12/10/19
18:47
Hot Stocks
Ken County board of supervisors reaffirms approval of Grapevine at Tejon Ranch »

By a 5-0 vote, the Kern…

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EXTR

Extreme Networks

$6.89

0.02 (0.29%)

, AVGO

Broadcom

$315.10

0.61 (0.19%)

18:43
12/10/19
12/10
18:43
12/10/19
18:43
Hot Stocks
Extreme Networks CEO: We've always been software driven »

In an interview on…

EXTR

Extreme Networks

$6.89

0.02 (0.29%)

AVGO

Broadcom

$315.10

0.61 (0.19%)

03/08/13
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  • 10

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    Dec

WDFC

WD-40

$194.80

-0.94 (-0.48%)

18:36
12/10/19
12/10
18:36
12/10/19
18:36
Hot Stocks
WD-40 names Garry Ridge as new board Chairman »

WD-40 announced that its…

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  • 10

    Dec

ASPU

Aspen Group

$7.00

0.02 (0.29%)

, OLLI

Ollie's Bargain Outlet

$60.28

(0.00%)

18:34
12/10/19
12/10
18:34
12/10/19
18:34
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Aspen…

ASPU

Aspen Group

$7.00

0.02 (0.29%)

OLLI

Ollie's Bargain Outlet

$60.28

(0.00%)

PLAY

Dave & Buster's

$40.07

-0.2 (-0.50%)

PLT

Plantronics

$22.93

-0.44 (-1.88%)

CHH

Choice Hotels

$97.40

-0.03 (-0.03%)

LDOS

Leidos

$89.63

-0.47 (-0.52%)

GME

GameStop

$6.50

0.18 (2.85%)

CORV

Correvio

$1.39

(0.00%)

AQST

Aquestive Therapeutics

$7.60

-0.14 (-1.81%)

KIDS

OrthoPediatrics

$38.40

-0.35 (-0.90%)

MDGL

Madrigal Pharmaceuticals

$118.45

1.16 (0.99%)

RCKT

Rocket Pharmaceuticals

$24.22

1.22 (5.30%)

MNTA

Momenta

$18.09

0.19 (1.06%)

03/08/13
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03/06/13
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  • 10

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  • 10

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  • 10

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  • 10

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  • 13

    Dec

  • 16

    Dec

  • 24

    Dec

  • 30

    Dec

NFLX

Netflix

$293.21

-9.27 (-3.06%)

, UBER

Uber

$27.89

0.18 (0.65%)

18:27
12/10/19
12/10
18:27
12/10/19
18:27
Periodicals
Peru seeks sales taxes from Netflix, Uber, Spotify, Reuters says »

Claudia Suarez of the…

NFLX

Netflix

$293.21

-9.27 (-3.06%)

UBER

Uber

$27.89

0.18 (0.65%)

SPOT

Spotify

$145.73

-0.71 (-0.48%)

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  • 10

    Dec

UBS

UBS

$11.95

-0.07 (-0.58%)

18:25
12/10/19
12/10
18:25
12/10/19
18:25
Periodicals
Judge rebuffs UBS' effort to reject U.S. lawsuit, Reuters reports »

U.S. District Judge Margo…

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  • 10

    Dec

18:25
12/10/19
12/10
18:25
12/10/19
18:25
General news
Treasury Market Summary »

Treasury Market Summary:…

AKS

AK Steel

$3.41

0.08 (2.40%)

, MT

ArcelorMittal

$17.66

-0.05 (-0.28%)

18:22
12/10/19
12/10
18:22
12/10/19
18:22
Hot Stocks
USW union expresses support for new USMCA »

United Steelworkers…

AKS

AK Steel

$3.41

0.08 (2.40%)

MT

ArcelorMittal

$17.66

-0.05 (-0.28%)

NUE

Nucor

$57.76

0.005 (0.01%)

STLD

Steel Dynamics

$34.89

-0.21 (-0.60%)

X

U.S. Steel

$13.88

-0.215 (-1.53%)

TMST

TimkenSteel

$7.23

0.12 (1.69%)

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CHH

Choice Hotels

$97.40

-0.03 (-0.03%)

, PLT

Plantronics

$22.93

-0.44 (-1.88%)

18:16
12/10/19
12/10
18:16
12/10/19
18:16
Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

Choice Hotels…

CHH

Choice Hotels

$97.40

-0.03 (-0.03%)

PLT

Plantronics

$22.93

-0.44 (-1.88%)

VSI

Vitamin Shoppe

$6.50

0.005 (0.08%)

FRG

Franchise Group

$14.39

(0.00%)

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  • 10

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    Dec

XP

XP

$0.00

(0.00%)

18:10
12/10/19
12/10
18:10
12/10/19
18:10
Syndicate
Breaking Syndicate news story on XP »

XP prices IPO at $27,…

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  • 11

    Dec

MSFT

Microsoft

$151.18

-0.17 (-0.11%)

17:50
12/10/19
12/10
17:50
12/10/19
17:50
Hot Stocks
Microsoft, NTT in strategic alliance for enterprise digital transformation »

NTT Corporation and…

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  • 10

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GLD

SPDR Gold Shares

$137.96

0.37 (0.27%)

17:45
12/10/19
12/10
17:45
12/10/19
17:45
Hot Stocks
SPDR Gold Shares holdings fall to 885.93MT from 886.23MT »

This is the lowest level…

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CBZ

CBIZ

$27.10

0.16 (0.59%)

17:40
12/10/19
12/10
17:40
12/10/19
17:40
Hot Stocks
CBIZ chairman Gerard sells 64,000 common shares »

In a regulatory filing,…

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XERS

Xeris Pharmaceuticals

$8.99

0.14 (1.58%)

17:38
12/10/19
12/10
17:38
12/10/19
17:38
Hot Stocks
Xeris Pharmaceuticals reports 'positive' phase 2 data in glucagon study »

Xeris Pharmaceuticals…

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