Market Roundup (HMC, FNGN, JBLU, AMD, INTC, HOG)
Honda (NYSE: HMC) is recalling about 344,000 Odyssey minivans and 68,000 Element SUVs. The company had received complaints regarding brake pedals being "soft" or the gradual lowering of the pedal height.
Analysis firm Financial Engines (NASDAQ: FNGN) has made the strongest IPO debut in months. On its first day, FNGN’s stock has jumped 41.7%. According to the company’s estimates, it has tapped into retirement plan providers with more than $1.5 trillion in assets.
According to JetBlue (NASDAQ: JBLU), its February passenger traffic rose 2.7%, to 1.91 billion revenue passenger miles on a 2.7% increase in capacity. Load factor (percentage of seats filled) remained flat at 74.5%.
Intel (NASDAQ: INTC) shares surged 3.6%, following the official release of the company’s new Xeon chip aimed at the server market. The launch of Xeon chip is ahead of the much-awaited chip from Advanced Micro Devices (NYSE: AMD).
Harley-Davidson’s (NYSE: HOG) stock has seen heavy volume today amid rumors of the company being a target for a possible leveraged buyout.
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