Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)

MARKET CURRENTS

  • 7:11 AM General Motors (GM) says it has no plans to invest more money in PSA Peugeot Citroen (PEUGF.PK). The two automakers share costs to jointly manufacture cars in Europe under a broad agreement. Comment! [Consumer]
  • 7:11 AM TripAdvisor (TRIP) buys mobile content provider GateGuru for an undisclosed amount. The deal will add more resources for the company's suite of flight products. Comment! [Tech, M&A]
  • 7:10 AM Stock index futures (SPY, QQQ) are little-changed after a big start to the week for stocks and ahead of the FOMC meeting results and Bernanke press conference this afternoon. Europe is marginally lower and the Nikkei gained 1.8% overnight. The 10-year Treasury yield is flat at 2.18%. Comment!
  • 7:07 AM Buy-rated AIG's price target is hiked to $56 from $52 by Deutsche's Joshua Shanker after meetings with Peter Hancock, the CEO of the insurer's P&C business. Shanker is confident AIG is on track to achieve a 90-95% combined ratio by 2015. A dividend - "modest," but more than "nominal" - and continued share repurchases are looking more certain for 2013. Shares +0.5% premarket. Comment! [Financials]
  • 7:02 AM Smog-infested Shijiazhuangn in China announces a plan to limit automobile sales of new vehicles to 100K this year and only allow households to to own at most two cars in an effort to improve air quality. Automobile analysts think more cities in China could be forced to limit the growth of automobiles due to worsening air pollution. The measures could put the brakes on some of the most ambitious plans of automakers (F, TM, FIATY.PK, HMC, NSANY.OB, VLKAY.PK, DDAIF.PK) for the country. Comment! [Consumer, Global & FX]
  • 7:01 AM MBA Mortgage Applications: -3.3% vs. +5.0% last week. Comment! [U.S. Economy]
  • 7:01 AM American Capital Mortgage (MTGE) gained 2.4% AH following an 11% cut in its quarterly dividend to $0.80/share, an annualized yield of 15.8% based on yesterday's close. Previous: SIster company American Capital Agency cuts dividend 16%. (PR) Comment! [Financials, On the Move, Dividends]
  • 7:00 AM Credit Suisse initiates coverage on Coca-Cola (KO) with an Outperform rating. Comment! [Consumer]
  • 6:58 AM Tesla Motors (TSLA) announces a partial recall of the Model S to address a potential defect with a mounting bracket in the second row seat. Vehicles manufactured between May 10, 2013 and June 8, 2013 are covered by the recall. Comment! [Consumer]
  • 6:56 AM American Capital Agency (AGNC) gains 2.5% premarket after cutting its quarterly dividend 16% to $1.05/share, a 16.6% annualized yield based on last night's close, suggesting the cuts aren't over with. SA Pro's Dane Bowler a month ago suggested an annual payout of about $3.50 as a "sustainable" level for the dividend. (PR) Comment! [Financials, Dividends, On the Move]
See more Market Currents »

STOCKTALKS

140 characters
Sign in to view StockTalks by people you follow
TOP ARTICLES7:13 AM ET WEDNESDAY JUN 19
DIA 0.84%
SPY 0.80%
QQQ 0.86%
GLD -1.20%
ETF Movers
DXJ WisdomTree Japan Hedged Equity ETF 2.48%
BUND PIMCO Germany Bond Index ETF 1.33%

PORTFOLIO

SymbolAlertsPriceChg% Chg

Latest Portfolio Headlines

    Add Stocks
    More on this portfolio:

    MARKET PERFORMANCE VIA ETFs