BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

Early movers Insight : TRV, VZ, DHI, DGX, BX, KEY, AXP, GM, SBUX, & more

Early movers Insight : TRV, VZ, DHI, DGX, BX, KEY, AXP, GM, SBUX, & more

BUZ INVESTORSS Early movers Insight Which companies are making headlines before the bell

BUZ INVESTORSS  Early movers Insight Which companies are making headlines before the bell

High cat losses ding Travelers quarter

Q1 core income of $614M or $2.16 per share vs. $698M and $2.33 a year ago. What used to be called “operating income” is now called “core income.” This year’s result was impacted by $318M in pretax catastrophe losses.

The combined ratio of 96% deteriorated from 92.3% a year ago; underlying combined ratio of 91.7% vs. 90% a year ago.




 Early movers Insight

Net investment income up 9% Y/Y.

Net written premiums up 5%; in personal insurance up 12% – which include the impact of auto rate increases.

Adjusted book value per share of $81.56 up 1% during quarter. 2.4M shares bought back during quarter for $286M.

Dividend is boosted to $0.72 per quarter, and anther $5B of repurchases is authorized.

Verizon misses by $0.01, misses on revenue

Verizon (NYSE:VZ): Q1 EPS of $0.95 misses by $0.01.

Revenue of $29.8B (-7.4% Y/Y) misses by $690M.

Shares +1.6% PM.

  • Consolidated: 84 cents in earnings per share (EPS) and adjusted EPS (non-GAAP) of 95 cents, excluding non-operational items, compared with EPS of $1.06 in 1Q 2016.
  • Wireless: Retail postpaid churn of 1.15 percent, with strong customer loyalty demonstrated by retail postpaid phone churn of less than 0.90 percent for the eighth consecutive quarter; intra-quarter improvement in net additions following the launch of Verizon Unlimited.
  • Wireline: Fios total revenue growth of 4.7 percent.

 

D.R. Horton up 0.9% after earnings beat, raised guidance

FQ2 net income of $229.2M or $0.60 per share vs. $195.1M and $0.52 one year ago.

Homes closed up 15% to 10,685 homes; up 18% in value to $3.2B.

Net sales orders up 14% to 13,991 homes; up 17% in value to $4.2B.

Backlog up 7% to 14,618 homes; up 9% in value to $4.4B.

Full-year fiscal 17 guidance is boosted: Revenues seen at $13.6B-$14B from $13.4B-$13.8B; homes closed to 44.5K-46K from 43.5K-45.5K. Guidance for pretax profit margin remains at 11.2-11.5%; home sales gross margin stays at around 20%, and cash flow from operations still at $300M-$500M.

Quest Diagnostics beats by $0.15, beats on revenue

Quest Diagnostics (NYSE:DGX): Q1 EPS of $1.33 beats by $0.15.

Revenue of $1.9B (+2.2% Y/Y) beats by $30M.

– First quarter diluted EPS of $1.16 on a reported basis, up 63.4% from 2016; and $1.33 on an adjusted basis excluding amortization, up 17.7% from 2016. Excess tax benefit associated with stock-based compensation increased diluted earnings per share by $0.11 in the quarter.

– Raises outlook for full year 2017 diluted EPS. Reported diluted EPS now expected to be between $4.73 and $4.88; and adjusted diluted EPS excluding amortization expense now expected to be between $5.45 and $5.60

Blackstone beats by $0.14, beats on revenue

Blackstone (NYSE:BX) today reported its first quarter 2017 results.
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone reported outstanding results in the first quarter, marked by
strong returns across our major fund strategies as well as our best quarter for realizations on record. The result was a more than doubling of
revenue and earnings versus the prior-year period, and our second best quarterly distribution ever, at $0.87 per common unit. In total, we will have
distributed nearly $14 per common unit of value since the IPO, including $2.50 per year on average over the past three years(a), making Blackstone
consistently one of the highest yielding large-capitalization companies in the world.”
Blackstone issued a full detailed presentation of its first quarter 2017 results, which can be viewed at www.blackstone.com.
Distribution
Blackstone has declared a quarterly distribution of $0.87 per common unit to record holders of common units at the close of business on May 1,
2017. This distribution will be paid on May 8, 2017.

KeyCorp beats by $0.04, beats on revenue

Noninterest expense, excluding merger-related charges, down 8% from 4Q16, resulting in a cash efficiency ratio of 60.4% in 1Q17

Significant progress on merger synergies; expect to achieve $450 million in acquisition cost savings by early 2018

Return on average tangible common equity, excluding merger-related charges, of 12.9% for 1Q17

AmEx +2.3% after earnings; analysts weigh in

A middle-of-the-roader on the stock, Morgan Stanley’s Betsy Graseck acknowledges improving revenue growth, but says American Express (NYSE:AXP) will likely need to continue paying for that growth with another boost in promotional offerings next year. She lifts her price target to $85 from $83.

Nomura’s Bill Carcache reiterates his Reduce rating and $63 price target. The stock should do well today, but he figures at least some of the beat was driven by non-recurring items like record Q4 investment spending, and unsustainable cuts in marketing and promotion.

Another bear on the name, RBC’s Jason Arnold says not to forget the boost to Q1 provided by a lower tax rate. Heated competition means marketing/rewards expense pressure isn’t going anywhere. He lifts his PT to $63 from $60.

A bull on AmEx, Bernstein’s Kevin St. Pierre says robust adjusted revenue growth bolsters his case, with 12%-plus EPS growth doable beyond this year. He lifts his PT to a Street-high $95.

Shares +2.3% premarket to $77.29.

GM ceases Venezuelan operations

General Motors (NYSE:GM) is ceasing its Venezuelan operations after its assets in the country were seized by public authorities.

“In addition, other assets of the company, such as vehicles, have been illegally taken from its facilities,” General Motors Venezolana said in a statement.

The action will cause “irreparable damage” to the unit, its 2,678 workers, 79 dealers and suppliers.

Stifel Nicolaus positive on Starbucks

Stifel Nicolaus upgrades Starbucks (NASDAQ:SBUX) to a Buy rating from Hold on a positive view for the chain’s comparable sales track.

The firm sees U.S. comparable sales growth of at least 5% to 6% for the next four quarters beginning in FQ3 after coffee giant turns in around a 3% gain for the current quarter. Global comparable sales are seen rising at a mid-single-digit pace this fiscal year.

Looking further down the road, Stifel thinks Starbucks can expand its ready-to-drink and packaged coffee/tea businesses.Like up on FACEBOOK


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Buz Investors Upside Price Move There are two distinct reasons why I am bullish on General Motors Company (NYSE:GM) stock. The first reason stems from the company’s foray into the autonomous

$GM Stock: Up, Up, and Away

The Upside Price Move in GM Stock Has Only Begun

The Upside Price Move in GM Stock Has Only Begun

Buz Investors Upside Price Move There are two distinct reasons why I am bullish on General Motors Company (NYSE:GM) stock. The first reason stems from the company’s foray into the autonomous driving segment, and the second—and most important reason—stems from the indications that I have garnered from the GM stock char




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Upside Price Move

Companies need to embrace the future, and General Motors is doing just this. The company’s rivals are venturing into the autonomous driving segment, and GM is right on their heels, quickly adopting this new, potentially disruptive technology.

It is reassuring knowing that, if this segment of the auto market does progress, General Motors will be there on the forefront with the other autonomous driving developers. This provides solace to investors that GM wont be left behind like the typewriter was when the disruptive technology of desktop computers was developed.

In August 2016, a golden cross was generated. A golden cross is a bullish signal that is produced when the 50-day moving average, highlighted in blue in the above chart, crosses above the 200-day moving average, highlighted in red. Traders use this signal to confirm that a bull market is on the horizon, and it is not uncommon for a price to accelerate soon after such a signal is generated.

The bullish signal that was generated in October 2016 suggests that bullish momentum has once again overwhelmed any bearish momentum, and as a result, the path of least resistance is toward higher prices. This indicator has been effective in identifying the structure of the wave that is to follow, and the bullish cross reinforces the view that a new impulse wave pattern is set to develop.



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General Motors Countered Trump

GM Stock: This Is How General Motors Countered Trump

GM Stock: This Is How General Motors Countered Trump

  • Buz Investors General Motors Countered Trump (NYSE:GM) stock is in the news again after another tweet from President-elect Donald Trump. Trump resorted to his favorite medium—Twitter—
  • to criticize GM. He posted the following tweet on Tuesday, saying that the company is making “Chevy Cruz” models in Mexico and sending them to U.S. dealers tax-free. He warned that there would be a big border tax coming if the company does not produce cars in the US.
  • GM imports a small number of a certain Chevrolet Cruze model from Mexico that is sold in the U.S. And the company sent a befitting reply through its statement: “All Chevrolet Cruze sedans sold in the U.S. are built in GM’s assembly plant in Lordstown, Ohio. GM builds the Chevrolet Cruz

General Motors Countered Trump

General Motors Countered Trump

General Motors Countered Trump  GM imports a small number of a certain Chevrolet Cruze model from Mexico that is sold in the U.S. And the company sent a befitting reply through its statement: “All Chevrolet Cruze sedans sold in the U.S. are built in GM’s assembly plant in Lordstown, Ohio. GM builds the Chevrolet Cruz hatchback for global markets in Mexico, with a small number sold in the U.S.” (Source: “Statement on GM Production of the Chevrolet Cruze,” General Motors Company, January 1, 2017.)

Donald Trump had earlier started this attack on Ford Motor Company (NYSE:F) for moving jobs to Mexico. But General Motors had been quietly going ahead with plans it had made many years back.

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General Motors Countered Trump

GM advanced on its $800.0-million investment for its global small-car lineup that included a factory retooling in San Luis Potosi state. That plant and another facility in Mexico were to build the all-new “Chevy Equinox” sport-utility vehicle in the year 2017, as per people familiar with the matter. GM had further said that only the new Equinox will be built in a factory in Canada and two other sites. (Source: “GM invests millions in Mexico as Ford absorbs blows from Trump,” Chicago Tribune, October 14, 2016).

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Tesla Stock: Will This Move By GM Kill the Model 3?

Tesla Stock: Will This Move By GM Kill the Model 3?

Tesla Stock: Will This Move By GM Kill the Model 3?

  • Bux Investors Kill the Model 3 Tesla Motors Inc (NASDAQ:TSLA) has a lot, ahem, riding on the Tesla “Model 3.” Set to be the first consumer-oriented Tesla vehicle, the car is slated to cost $35,000 when it does release, which—according to the Tesla web site—will be in mid-2017.
  • A vehicle like this, with mass consumer appeal and affordability, could be a huge boon to Tesla stock.
  • But General Motors Company (NYSE:GM) has struck first with the “Chevy Bolt,” a similarly priced electric vehicle that—while perhaps lacking in some of the finer engineering quirks of a Tesla—hits a lot of the same notes.

Kill the Model 3

Tesla Stock: Will This Move By GM Kill the Model 3?

Kill the Model 3 A vehicle like this, with mass consumer appeal and affordability, could be a huge boon to Tesla stock. But General Motors Company (NYSE:GM) has struck first with the “Chevy Bolt,” a similarly priced electric vehicle that—while perhaps lacking in some of the finer engineering quirks of a Tesla—hits a lot of the same notes.

 

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Kill the Model 3 

The Bolt and Model 3 face many of the same challenges, namely that both vehicles are sold at a loss. Or at least the Model 3, like its predecessors, will likely sell at a loss. The difference for Tesla stock is that the company only makes two models of vehicles, while GM produces dozens that are profitable. (Source: “The Chevy Bolt Is the Ugly Car of the (Very Near) Future,” Bloomberg, December 19, 2016.)

Of course, Tesla stock is not a one-trick pony; the company also makes solar panels and home batteries. But Tesla is still hugely reliant on vehicle sales to propel its share prices, while GM can afford to take a hit on a flyer or two while other more popular offerings make up the difference. GM also has the advantage of infrastructure already being in place, while Tesla has to expand in all directions simultaneously.

 




General Motors Company CEO

GM Stock: General Motors Company CEO Makes Shocking Prediction

GM Stock: General Motors Company CEO Makes Shocking Prediction

  • Buz Investors General Motors Company CEO  Mary Barra, the CEO of General Motors Company(NYSE:GM), just made an unbelievable forecast that could have huge implications for General Motors stock (GM).
  • While talking about the future of self-driving technology, Barra said that cars will soon become a “second office.” Even more surprising was the timeline she laid out for driverless tech.
  • According to Barra, this upheaval in transportation should happen within the next five years, creating multiple new revenue streams for GM stock. She suggests that freeing up commute time makes room for other activities, namely, work, entertainment, or sleep.

General Motors Company CEO

Buz Investors General Motors Company CEO  Mary Barra, the CEO of General Motors Company<span data-recalc-dims=(NYSE:GM), just made an unbelievable forecast that could have huge implications for General Motors stock (GM)." width="300" height="200" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2016/12/GM-Stock-300x200.resized.jpg?resize=300%2C200 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2016/12/GM-Stock-300x200.resized.jpg?w=640 640w" sizes="(max-width: 300px) 100vw, 300px" />

General Motors Company CEO  According to Barra, this upheaval in transportation should happen within the next five years, creating multiple new revenue streams for GM stock. She suggests that freeing up commute time makes room for other activities, namely, work, entertainment, or sleep. There will be services or products designed specifically for those activities, and Barra wants GM to sell them.

“I think from an individual perspective what you get back is time,” said Barra about the driverless car phenomenon. (Source: “Your car will become a second office in 5 years or less, General Motors CEO predicts,” Business Insider, December 12, 2016.)

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General Motors Company CEO

 

She also wants to bring the technology to market a little differently than most CEOs. Companies like Tesla Motors Inc (NASDAQ:TSLA) are plugging the driverless tech straight into the cars they sell to consumers. But GM wants to hold off on that for now. They’d rather sell to rideshare companies like Lyft, Inc.

They are already testing out 40 autonomous, fully electric “Chevy Bolts” in San Francisco and Scottsdale, Arizona. This is in part because Barra sees the driverless tech market as a new layer of revenue for GM stock, not one that threatens its core business.

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General Motors Company: GM Stock Craze Is Set to Continue

General Motors Company: GM Stock Craze Is Set to Continue

General Motors Company: GM Stock Craze Is Set to Continue

  • Buz Investors GM Stock Craze  (NYSE:GM) stock is soaring. The news that created the panicked buying in this automaker is that the company reported its auto sales for the month of November, which came in 10.2% higher than this same period last year.
  • Every division was firing on all cylinders, contributing to this growth. The guidance going forward was equally as impressive and, as a result, GM stock was up 5.82% on this abundance of good news.
  • This incredible news drove investors to fall all over each other, scrambling to purchase GM stock. This price advance has done quite a number on the General Motors stock chart.

GM Stock Craze

General Motors Company: GM Stock Craze Is Set to Continue

GM Stock Craze  When I first looked at the chart, I assumed that perhaps autonomous-drive vehicles and the steps that General Motors is taking to get involved in this space would be the catalyst to complete this bullish pattern. Perhaps this new emerging tech was a key piece of the puzzle. However, it seems that the true catalyst is that GM is just a well-run company, with top-notch products that global consumers just cannot get enough of.

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GM Stock Craze

Healthy price patterns are littered with impulse waves and consolidation waves. An impulse wave takes the price to new heights, and this wave is characterized by a linear motion. When an impulse wave is completed, the terms “overbought” and “oversold” are used to describe the conditions that won’t allow the price proceed.

These conditions are measured with internal indicators and oscillators. In order to alleviate these conditions, the price needs to pull back or trade sideways until the prevailing condition has been unwound. This price action is exactly what characterizes a consolidation wave.

These patterns are also constructive in terms of projecting a potential price objective. The theory behind these waves is that, once a consolidation pattern is complete, the new impulse wave that is set to develop tends to mirror the initial impulse wave in length and duration. Putting this theory to work produces a price objective of $44.00 on General Motors stock.




GM starts pumping out Chevy Bolts

GM starts pumping out Chevy Bolts

GM starts pumping out Chevy Bolts

  • Buz Investors Chevy Bolts General Motors (NYSE:GM) just began production of the all-electric Chevrolet Bolt at its factory in Orion Township, Michigan.Sales of the highly-anticipated EV will start in California and Oregon this year before a national roll-out in 2017.

  • The Bolt features a driving range of 238 miles and will cost just a shade under $30K after applying a federal tax credit.IHS forecasts GM will sell about 30K Bolts in the model’s first year on the market. To put that in scale, global plug-in vehicle sales are up 54% Y/Y to 515K through the first nine months of the year and Tesla says it has 373K orders on the books for the Model 3.

  • Motor Trend posted a side-by-side review of the Bolt and Tesla Model S earlier this week. The comparison includes a listing of specifications on each EV.

Chevy Bolts 200-Mile Electric Chevrolet Bolt

GM starts pumping out Chevy Bolts

Chevy Bolts Analysts say the Bolt’s 238-mile range on a single charge, plus a net price of around $30,000, should make it an attractive alternative to cars with internal-combustion engines. While they expect the Bolt to incrementally add to the number of electric cars now on the road, they don’t expect a seismic shift to electricity yet.

The Bolt’s range more than covers the average daily round-trip commute of about 40 miles in the U.S., and that should give comfort to those who fear running out of power, said Stephanie Brinley, an auto industry analyst for IHS Markit. But there’s always the late night at work and the early meeting the next morning without enough charging time, or the night you forget to plug the car in. Those are tough adjustments for Americans, she said.

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Chevy Bolts

“We’re trained to believe that wherever we go, we get can get the fuel that we need. With electricity you need to plan that out a little bit more,” Brinley said.

IHS predicts that GM will sell just under 30,000 Bolts in the first year, which won’t add much to the roughly 235,000 electrics now on U.S. roads. Brinley says there will be small growth as more companies such as Tesla Motors roll out affordable electric vehicles with range over 200 miles. Last year about 100,000 EVs were sold in the U.S., and IHS predicts 300,000 annual sales by 2020 and 400,000 by 2025.

General Motors Company: GM stock has Some Serious Upside

General Motors Company: GM stock has Some Serious Upside

General Motors Company: GM stock has Some Serious Upside

  • Buz Investors GM stock has Some Serious Upside (NYSE:GM) is moving into self-driving vehicles and the testing has begun, as they are looking for test driversy,. GM is testing autonomous technology and GM stock will benefit as the company embraces the future.

  • I can imagine a day when the most dangerous thing we do everyday, commuting on the roads, will be replaced by self-driving vehicles, and perhaps the problems associated with traffic will be finally be done away with. This is perhaps wishful thinking, but I am happy that GM is pursuing this venture.
  • If this is indeed the future, then someone needs to get there first and pave the way for the others. GM is not the only automaker seeking to acquire such technology, so the race to get their first has begun.

GM stock has Some Serious Upside Price Eruption

General Motors Company: GM stock has Some Serious Upside

GM stock has Some Serious Upside  the summer of 2012, GM stock bottomed and the price then proceeded to move higher in a linear pattern as GM stock went from a low of $16.72 to a high of $37.38. This surge in price represents an impulse wave, and this one is $20.00 in length.

The shares then proceeded to trade within a range that is described as a consolidation wave. Consolidation waves follow impulse waves and, once they are complete, another impulse wave can develop. It is not uncommon for chart patterns to be symmetrical. Based on this notion, the consolidation wave is set to complete in late November or early December. The pattern will complete when the upper trend line representing resistance is broken to the upside.

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GM stock has Some Serious Upside


This momentum indicator has, as recently as October 2016, generated a bullish cross and suggests that bullish tailwinds should persist for General Motors stock for some time to come.

The horizontal dotted line represents a level of resistance that has contained prices for all of 2016. The level also marks the benchmark from which 2016 year-to-date performance numbers will be compared against, as this level marks the break-even point. The difference between a positive and negative return in 2016 will depend on which side of this trend line General Motors stock closes out the year.

 

GM Stock: GMs Response to Tesla Model 3 Is Awesome

GM Stock: GMs Response to Tesla Model 3 Is Awesome

GM Stock: GMs Response to Tesla Model 3 Is Awesome

  • Buz Traders GMs Response to Tesla Model 3 (NYSE:GM) has the weapon to deal a heavy blow in the electric car market. Indeed, if investors only realized the potential of the new “Chevrolet Bolt”
  •  GM stock would be trading much higher today. GM is about to launch the new Chevy Bolt, which is affordable at about $30,000 after tax credits.
  • GM shareholders will not have to wait long to see the effects. GM stock will start to reflect, and most likely in a bullish way, the Chevy Bolt very soon.  The Bolt will hit showrooms before the end of this year. It has a long range of at least 200 miles on a single charge. Those figures are in line with Tesla Motors Inc’s (NASDAQ:TSLA) entry level “Model S

GMs Response to Tesla Model 3 Beats Tesla at Its Own Game

GM Stock: GMs Response to Tesla Model 3 Is Awesome

GMs Response to Tesla Model 3 It gets better: the U.S. Environmental Protection Agency (EPA) has rated the Bolt at over 230 miles in range. That’s the key to selling more electric cars, because it quells drivers’ fears of running out of charge: range anxiety. (Source: Ibid.) Just about anyone interested in buying an electric car has expressed interest in the Tesla “Model 3.” It so happens, however, that this much-ballyhooed car offers few, if any, advantages over the Chevy Bolt. Meanwhile, GM’s Bolt will have the huge advantage of coming to market at least a year before the Tesla Model 3.

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The Chevrolet Bolt is actually here and, unlike the Model 3, someone has already attested that it can accelerate from 0-60 mph in 6.5 seconds. In a road test in California, the Chevy Bolt also managed to impress with its range, roominess and comfort. (Source: Ibid.)

Tesla has promised to sell thousands of Model 3s. It has built up an order book of some 400,000 cars, with prospective owners putting down $1,000 payments for cars that aren’t there yet. As for the Chevy Bolt, it is meant to impress Millennials and to bring them into GM dealerships. Once there, they can see other GM cars like the hybrid “Volt,” of which the company has sold 100,000 since 2010. (Source: Ibid.)