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Deutsche Bank PT Changes On Auto & Auto Parts For 8/11
Thursday, August 11, 2011 - 5:48am | 230Deutsche Bank has changed the price target on the following companies: Ford Motor (NYSE: F) - Buy, PT from $19 to $16.50, General Motors Co (NYSE: GM) - Buy, PT from $43 to $40, American Axle & Manufacturing (NYSE: AXL) - Hold, PT from $13.50 to $12, Autoliv (NYSE: ALV) - Hold, PT from $...
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Ford Reports 3% Rise In July China Sales
Thursday, August 11, 2011 - 4:49am | 58Ford Motor Company (NYSE: F) reported a 3% rise in its vehicle sales in China for July. Ford's vehicle sales in China came in at 32,320 units in July. For the January-July period, sales by Ford and its joint ventures rose 13% y/y to 306,830 units. Ford shares gained 0.77% to $10.49 in after-...
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Thor Increases Quarterly Dividend by 50% to $0.15
Wednesday, August 10, 2011 - 4:15pm | 61Thor Industries, Inc. (NYSE: THO) announced today that its Board of Directors approved an increase of its regular quarterly dividend to 15 cents per share. This represents a 50% increase over its previous regular quarterly dividend of 10 cents per share. The new regular dividend will be paid on...
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Ford and SunPower Team up to Let Focus Electric Customers 'Drive Green for Life'
Wednesday, August 10, 2011 - 9:30am | 404Ford (NYSE: F) and SunPower Corp. (NASDAQ: SPWRA) have teamed up to offer customers a rooftop solar system that will allow Focus Electric owners to "Drive Green for Life" by providing customers with enough clean, renewable energy to offset the electricity used to charge the vehicle. "Under the '...
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Deutsche Bank Comments on General Motors After Global Business Conference
Wednesday, August 10, 2011 - 9:29am | 131Deutsche Bank has published a report on General Motors (NYSE: GM) covering the company's global business conference. In the report, Deutsche Bank wrote, "GM hosted its annual business meeting in Detroit. Our overall takeaway was that mgmt sounded very confident of the company's outlook (GM's...
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J.P. Morgan Maintains Overweight on General Motors
Wednesday, August 10, 2011 - 8:50am | 102J.P. Morgan is out with its report today on General Motors (NYSE: GM), maintaining Overweight. In its report, J.P. Morgan writes, "We rate GM shares Overweight as the company offers considerable medium-term opportunities with its product cycle in most regions at near trough levels, a sound balance...
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Bank of America Comments on General Motors After Global Business Conference
Wednesday, August 10, 2011 - 8:50am | 98Bank of America has published a report on GM (NYSE: GM) after a business conference for analysts. In the report, Bank of America wrote, "During a series of presentations, the company highlighted some of its current operating strategies and execution targets. In our view, the primary takeaways were...
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Bank of America Adds Ford Motors to U.S. 1 List
Tuesday, August 9, 2011 - 9:17am | 61Bank of America added Ford Motors (NYSE: F) to its U.S. 1 list. At the moment, the rating agency has a Buy rating and a price target of $26 placed on the company's stock. On Monday, F closed the day at $9.93. Its shares added 3.73% to their value in today's pre-market trading to stand around $10.30...
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Morgan Stanley Provides Color on General Motors
Tuesday, August 9, 2011 - 6:19am | 137Morgan Stanley provided color on General Motors (NYSE: GM). In a research report, Morgan Stanley stressed that in case of a double dip recession, GM's stock could fall as low as $10. In the report, Morgan Stanley states, “Downside scenario: Severe global recession. GM volume falls 15% in 2012,...
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Commodities serving as Diversification 8/8/11
Monday, August 8, 2011 - 5:14pm | 682When a portion of your portfolio is diversified into commodities on days like today there should be no need to panic. Crude traded to a nine month low today dragging prices very close the $80/barrel mark. It's been painful but we highly doubt a 20% reduction is justified. The pundits say it is...
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Volkwagen, Ford Getting Probed On Safety Issues
Monday, August 8, 2011 - 3:21pm | 117According to Reuters, the National Highway Traffic Safety Administration is looking into Ford (NYSE: F) and Volkswagen for potential safety issues with the Mustang and Jetta, respectively. New Ford Mustangs could potentially have manual transmissions that face possible shifting problems and the...
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Monday's Mid-Day Options Volume Leaders
Monday, August 8, 2011 - 1:06pm | 85Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 293,912 contracts, 36.9% calls, 63.1% puts 2. Apple Inc. (NASDAQ: AAPL) 147,081 contracts, 65.3% calls, 34.7% puts 3. JP Morgan Chase (NYSE: JPM) 92,672 contracts, 41.8% calls, 58.2% puts 4. Citigroup Inc. (NYSE: C)...
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Head And Shoulder Pattern: Stock Markets Flush To Target
Monday, August 8, 2011 - 11:54am | 264The markets have now completed the head and shoulder pattern target at $115.00 on the SPDR S&P 500 ETF (NYSE: SPY). The head and shoulder pattern can be seen clearly on the chart below. This pattern was a classic technical bearish signal. In this situation, it completed in record time. With the...
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Why S&P's U.S. Treasury Downgrade is Dead Wrong
Monday, August 8, 2011 - 11:12am | 838As you may have heard, the rating agency Standard and Poor's cut the United States bond rating from AAA to AA+ - which ironically is about the same as going from an A+ to an A grade if we were talking about a grade-school equivalent. It doesn't sound like too much of a big deal. But, as you may...
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J.P. Morgan Maintains Overweight on General Motors
Monday, August 8, 2011 - 7:59am | 110J.P. Morgan is out with its report today on General Motors (NYSE: GM), maintaining Overweight. In its report, J.P. Morgan writes, "We rate GM shares Overweight as the company offers considerable medium-term opportunities with its product cycle in most regions at near trough levels, a sound balance...