stocks

Ford's U.S. May Sales Flat Year-Over-Year

Published on Wed, 06/01/2011 - 13:02
By FNNO Staff in General Interest, business, comtex, Ford, income, investment, Market, news, shares, smartrend, stocks, trade, update, In The News

Ken Czubay, Ford vice president of U.S. Marketing, Sales and Service said, "Customers increasingly are demanding new products that deliver compelling fuel economy. Ford's new fuel-efficient products and powertrains arrived at the

Sales of the company's small cars were strong.

Ford Motor Co. reported essentially flat U.S. sales for the month of May, at 192,102, down 0.1% from 192,253 in May of 2010.

By FNNO Staff
fnnonline@gmail.com

Total May Sales for General Motors Declines 1% From May 2010

Published on Wed, 06/01/2011 - 12:46
By FNNO Staff in General Interest, business, comtex, GM, income, investment, Market, news, shares, smartrend, stocks, trade, update, In The News

Retail sales grew 9% in the month compared to May 2010, and deliveries to commercial accounts rose 19%.

Don Johnson, vice president of U.S. Sales Operations for the company said, "Customers continue to demand better fuel economy and our commitment to produce high-quality, fuel-efficient vehicles is paying off.

General Motors (NYSE:GM) reported total sales for the month of May down 1% year-over-year to 221,192, due to a large drop in fleet sales, as rental volumes declined 21%.

By FNNO Staff
fnnonline@gmail.com

UBS Raises Price Target for Apple to $510, Reiterates Buy

Published on Wed, 06/01/2011 - 10:37
By FNNO Staff in General Interest, AAPL, business, comtex, income, investment, Market, news, shares, smartrend, stocks, trade, update, Analyst Insight

The bank said it anticipates further pull along sales of Apple's hardware as the greatest impact from Apple's new data center, iCloud. It expects iCloud to contribute about $0.10 per quarter in EPS on its own as well.

UBS increased its 2011 EPS estimate to $25.11 from $24.81, vs. the consensus estimate for $24.72 per share, and its 2012 EPS estimate to $28.91 from $25.82, vs.

UBS raised its price target for Apple Inc (NASDAQ:AAPL) to $510 from $495 today, while reiterating its buy rating on the stock.

By FNNO Staff
fnnonline@gmail.com

ADP Reports Non-Farm Payrolls Increased By Just 38,000 in May

Published on Wed, 06/01/2011 - 08:51
By FNNO Staff in General Interest, ADP, business, comtex, income, investment, Market, news, shares, smartrend, stocks, trade, update, Economic Data Report

That number is well below the consensus analyst expectation for a gain of 175,000 jobs in the month.

The estimated change in employment for April was revised down slightly to 177,000 from the initially reported 179,000.

Employment in the service sector increased by 48,000, the seventeenth straight monthly increase, with employment in the goods producing sector falling 10,000, ending a string of six monthly incre

American non-farm private companies added just 38,000 jobs in May according to Automatic Data Processing Inc's (NASDAQ:ADP) May 2011 National Employment Report released today.

By FNNO Staff
fnnonline@gmail.com

Pre Market Movers: June 1, 2011

Published on Wed, 06/01/2011 - 08:45
By FNNO Staff in General Interest, business, comtex, DJI, income, investment, Market, news, shares, smartrend, stocks, trade, update, Pre-Market Action

Equity futures are pointing lower this morning with the Dow Jones Industrial Average (DJI) looking to open 17 points lower while the broader S&P500 index is looking to open nearly 2 points lower. Moving fast in the pre-market

By FNNO Staff
fnnonline@gmail.com

Tivo Cuts Video Deal With Hulu; Stock Chops, Loses Upside; Down Fractionally

Published on Mon, 05/23/2011 - 15:13
By FNNO Staff in General Interest, business, income, investment, Market, news, shares, stocks, trade, In The News

TiVo hopes to become what it calls a "one-box solution" for television and movie watching, according to the San Francisco Business Times. The deal will allow viewers who have a Hulu Plus account to see Hulu videos in their TiVo me

TiVo Inc. (TIVO) dug itself out of an early hole and hit a high of $9.58 late morning on a deal to offer Hulu videos over its premium Internet streaming service. But shares reversed direction around mid-day and are now fractionall

By FNNO Staff
fnnonline@gmail.com

Wal-Mart Stores Down 0.1%; Retailer Begins Selling Large Appliances

Published on Mon, 05/23/2011 - 14:39
By FNNO Staff in General Interest, business, GE, income, investment, Market, news, shares, stocks, trade, wmt, In The News

Wal-Mart started to offer General Electric (GE) refrigerators, dryers and washers, among other appliances, last week.

Wal-Mart shares are down 0.11%. or $0.06, to $55.24.

Shares of Wal-Mart Stores (WMT) are down, while MarketWatch reports the retail giant has started to sell large appliances at stores in Texas. The move is part of a test program; Wal-Mart is looking for way to boost sales at domest

By FNNO Staff
fnnonline@gmail.com

Options Report: May 23, 2011

Published on Mon, 05/23/2011 - 14:14
By FNNO Staff in General Interest, business, income, investment, Market, news, shares, stocks, trade, Options Report

On the call side, ArcelorMittal (NYSE:MT) calls are seeing a lot of activity today, currently more than 5 times their average volume after the steel company announces plans to expand mining operations in Quebec, Canada. Ctrip.com

Welcome to the Financial News Network Options Report.

By FNNO Staff
fnnonline@gmail.com

GE Capital Announces It Will Add 1,000 Jobs In Chicago Over The Next Several Years

Published on Mon, 05/23/2011 - 12:26
By FNNO Staff in General Interest, business, GE, income, investment, Market, news, shares, stocks, trade, In The News

The company already employs over 1,000 people in the city, and a total of about 4,000 across the state of Illinois.

"Chicago has been a great market for GE Capital in a number of ways. The City and surrounding areas are home to many thriving, main street companies we serve as customers.

GE Capital, the financial services arm of General Electric (NYSE:GE), which suffered heavy losses during the financial crisis, announced plans today to substantially expand its Chicago operations by bringing 1,000 jobs to the city

By FNNO Staff
fnnonline@gmail.com

Citigroup Raised Its PT For Foot Locker To $29, Maintained Its Buy Rating

Published on Mon, 05/23/2011 - 12:22
By FNNO Staff in General Interest, business, fl, income, investment, Market, news, shares, stocks, trade, In The News

The bank sees 2012 EPS of $1.60, vs. consensus estimates of $1.39 per share, and 2013 EPS of $1.85, vs. consensus estimates of $1.62 per share.

Foot Locker has a potential upside of 4.9% based on a current price of $24.9 and an average consensus analyst price target of $26.13.

Citigroup raised its price target for Foot Locker (NYSE:FL) to $29 from $26 and maintained its buy rating on the stock.

By FNNO Staff
fnnonline@gmail.com

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