Bilbao (BBVA) January 11 calls are active on total call volume of 11K contracts, compared to 1K puts. December and January put option implied volatility of 55 is near its 26-week average, according to Track Data. Large call option volume suggests traders positioning for price movement.

Tata Motors (TTM) rallied 10% to close near record high. Overall option implied volatility of 43 is above its 26-week average of 38, according to Track Data, suggesting larger price movement.

Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.

Options Update: Banco Bilbao Calls Active; Shares Near Five-Month Lows on Euro Banking Fears originally appeared on BloggingStocks on Thu, 25 Nov 2010 09:00:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Barclays upgraded Western Digital (WDC) to overweight from equal weight.
• LDK Solar (LDK) was upgraded to buy from hold at Needham.
• Legg Mason (LM) was upgraded to outperform from neutral at Macquarie.
• Agilent (A) was upgraded to buy from hold at Stifel Nicolaus.
• Wells Fargo upgraded Dean Foods (DF) to outperform from market perform and Developers Diversified (DDR) to market perform from underperform.
• Deutsche Bank also upgraded Developers Diversified, to buy from hold.
• Northrop Grumman (NOC) was upgraded to sell from conviction sell at Goldman.
• MYR Group (MYRG) was upgraded to buy from hold at BB&T.

Continue reading Analyst Calls: A, CQB, DDR, DF, LDK, NOC, RIMM, S, STRA, TTM, WDC ...

Analyst Calls: A, CQB, DDR, DF, LDK, NOC, RIMM, S, STRA, TTM, WDC ... originally appeared on BloggingStocks on Thu, 28 Oct 2010 11:30:00 EST. Please see our terms for use of feeds.

"In the emerging markets arena, India frequently plays second-fiddle to China; but investors should not be deceived: India offers plenty of opportunities, such as Tata Motors (TTM)," says Brandon Clay.

The editor of Invest with an Edge explains "Tata is India's top automaker and the owner of the Jaguar and Land Rover luxury brands.

"India is the second-largest country in the world by population. It's also growing fast, but not as fast as China. The government wants to see annual economic growth top 10%. That's good stuff.

Continue reading Tata Motors (TATA): 'Booming Market in India'

Tata Motors (TATA): 'Booming Market in India' originally appeared on BloggingStocks on Fri, 10 Sep 2010 13:00:00 EST. Please see our terms for use of feeds.

Continue reading Tata Motors Higher After Q1 Earnings

Tata Motors Higher After Q1 Earnings originally appeared on BloggingStocks on Tue, 10 Aug 2010 13:30:00 EST. Please see our terms for use of feeds.

"The Cabot China-Timer has flashed a new buy signal, telling us the trend of Chinese and emerging market stocks has turned back up. No one knows how long this signal will persist, and you shouldn't try to guess. Instead, your best move is to go with the evidence, which is now bullish," observes Paul Goodwin.

The editor of The Cabot China & Emerging Markets Report explains, "India's Tata Motors (TTM), the largest truck and auto maker in the subcontinent, has been a little of both over the years, but it looks like the time is right for a new advance.

Continue reading Tata Motors (TTM): Small Cars, Big Potential

Tata Motors (TTM): Small Cars, Big Potential originally appeared on BloggingStocks on Fri, 19 Mar 2010 13:00:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Citigroup upgraded Adtran (NASDAQ: ADTN) to Buy from Hold on expectations the company will benefit from the broadband Stimulus funds.
• Morgan Stanley upgraded Continental Airlines (NYSE: CAL) to Overweight from Equal Weight based on relative valuation and views the company as a "survivor." Additionally, the analyst lowered 2009 industry estimates but believes it is the last cut for the year and is incrementally more positive on the sector.
• Morgan Stanley also upgraded EXFO Electro-Optical (NASDAQ: EXFO) to Overweight from Market Weight based on valuation.
• Tata Motors (NYSE: TTM) was upgraded to Buy from Hold at Deutsche Bank.
• Ascent Solar (NASDAQ: ASTI) was upgraded to Neutral from Underweight at JP Morgan.
• Mechel Steel (NYSE: MTL) was upgraded to Neutral from Underperform at Credit Suisse.

Continue reading Analyst upgrades, downgrades and initiations: ADTN, CAL, EXFO, JCI, LUV, VAR, CSCO, KMT, EZCH

Analyst upgrades, downgrades and initiations: ADTN, CAL, EXFO, JCI, LUV, VAR, CSCO, KMT, EZCH originally appeared on BloggingStocks on Thu, 02 Jul 2009 09:50:00 EST. Please see our terms for use of feeds.

"Who will gain from the ongoing troubles at the Big-3 automakers in the US?" asks growth stock specialist Brandon Clay.

In his Invest with an Edge, the growth stock advisors takes a look at Tata Motors Ltd. (NYSE: TTM) which is expected to launch the world's cheapest car. Here's the advisor's review.

"Tata Motors is part of one of the largest manufacturing entities on the planet, will soon release the world's cheapest automobile in the United States.

"Debuting at $2000, the Tata Nano is set for a July 2009 delivery. Tata already has 1 million reservations for their mini-car. If they could deliver, it would easily become the best-selling car this year.

Continue reading Tata Motors (TTM): Mini-car opportunity

Tata Motors (TTM): Mini-car opportunity originally appeared on BloggingStocks on Thu, 14 May 2009 10:30:00 EST. Please see our terms for use of feeds.

Continue reading Tata Motors (TTM) Nano officially for sale

Tata Motors (TTM) Nano officially for sale originally appeared on BloggingStocks on Thu, 09 Apr 2009 13:00:00 EST. Please see our terms for use of feeds.

Honda (NYSE: HMC) closed at $22.40 Thursday. HMC overall option implied volatility of 92 is above its 26-week average of 42 according to Track Data, suggesting larger price movement.

Toyota Motor (NYSE: TM) closed at 67.09 Thursday. TM overall option implied volatility of 70 is above its 26-week average of 39 according to Track Data, suggesting larger price movement.

Tata Motors (NYSE: TTM), an Indian car manufacturer, closed at $4.50 Thursday. TTM overall option implied volatility of 84 is above its 26-week average of 61 according to Track Data, suggesting larger price movement.

Nissan (NSADQ: NSANY) closed at $8.57 Thursday. NSANY overall option implied volatility of 76 is above its 26-week average of 49 according to Track Data, suggesting larger price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Options Update: Auto manufacturers' volatility elevated; HMC, TM, TTM, NSANY originally appeared on BloggingStocks on Fri, 07 Nov 2008 09:15:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The banking unit of National City Corporation (NYSE: NCC) recently entered into a "memorandum of understanding" with federal regulators, the Wall Street Journal reported. The banking unit has bad loans, and the agreement basically means that the bank is on probation, as the government pressures financial institutions.
• The Wall Street Journal also reported that Justice Department criminal prosecutors and its U.S. attorney's office in Brooklyn, NY are investigating American International Group Inc (NYSE: AIG) to see if they overstated the value of contracts tied to subprime mortgages.

• Lehman Brothers Holdings Inc (NYSE: LEH) is thinking of releasing its Q2 results a week earlier than planned, and announcing a capital raising plan at the same time, according to the New York Post, in order to reduce negative speculation about its future.
• The Economic Times reported that Indian auto companies Tata Motors Limited (NYSE: TTM) and Mahindra and Mahindra may be interested in acquiring Hummer from General Motors Corporation (NYSE: GM).

Newspaper wrap-up: Federal regulators have National City under scrutiny originally appeared on BloggingStocks on Fri, 06 Jun 2008 08:00:00 EST. Please see our terms for use of feeds.

Actually, Ford purchased Jaguar in 1989 for $2.5 billion and acquired Land Rover in 2000 for $2.7 billion. In other words, the deals didn't work out so well.

Of course, Tata thinks it will have better luck. After all, the firm is picking up strong brands -- at a reasonable valuation. What's more, the acquisition will jumpstart Tata's entry onto the global stage.

Although, there are definitely challenges. No doubt, it's not easy to deal with the commodities inflation, such as with steel and aluminum.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates MergerBook.com.

Done deal for Jaguar and Land Rover originally appeared on BloggingStocks on Mon, 02 Jun 2008 18:11:00 EST. Please see our terms for use of feeds.

Sterlite Industries India Ltd. (NYSE: SLT), which is already the largest copper and zinc producer in India, is getting bigger. That is, the company has agreed to purchase Asarco LLC (based in the U.S.) for about $2.6 billion. With the deal, Sterlite will get an estimated five million tons of copper reserves.

Basically, it's easier to mine for copper on Wall Street (with acquisitions) instead of digging into the ground. As a result, there were four suitors for Asarco (which, by the way, is in bankruptcy and is dealing with complex environmental liabilities).

Furthermore, with the surge in copper prices, there is definitely enough firepower to get deals done -- at high valuations.

This deal also points to another interesting theme: the aggressive M&A of Indian firms. For example, Tata Motors recently purchased Jaguar and Land Rover from Ford (NYSE: F). There was also Tata Steel's $12 billion acquisition of Corus Group.

And, it's a good bet we'll see a lot more deal-making. Simply put, India needs to snag more natural resources to facilitate its torrid growth rate.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates MergerBook.com.

India flexes its M&A muscles originally appeared on BloggingStocks on Sun, 01 Jun 2008 09:40:00 EST. Please see our terms for use of feeds.

Ford Motor Co. (NYSE: F) is cutting production at its Volvo unit, according to The Wall Street Journal. The move, which could affect one-third of workers -- some 700 -- is seen as an attempt to cut the costs and losses at the upscale Swedish brand.

The question everyone is asking is whether this move is done in preparation for a sale. According to "people familiar with the matter" who discussed such things with the Journal, CEO Alan Mulally is interested in putting Volvo, whose sales have been declining, on the block. Of course, to analysts, Mulally sang a different tune last month, saying the priority is improve the Swedish auto maker operations "dramatically."

As Kirk Kerkorian's Tracinda Corp. continues to build its stake int he company, he may also have a thing or two to say on the matter.

For now, Volvo is cutting where it makes larger, less popular vehicles, and it plans to make fewer cars overall. But can this make Volvo more profitable for Ford, or at least more attractive to buyers? There are costs associated with producing a smaller number of vehicles, but with Volvo reporting 22,000 fewer vehicles sold during the first quarter, cutting production makes sense. Another matter Ford has to consider is the massive losses it suffered lately just from the kronor-dollar exchange rate.

Continue reading If Ford wants to sell Volvo, who would buy it?

If Ford wants to sell Volvo, who would buy it? originally appeared on BloggingStocks on Tue, 20 May 2008 14:19:00 EST. Please see our terms for use of feeds.

Reading the newspaper, there are times when I wonder if certain companies are actually trying to fail. Recently, the Ford Motor Company (NYSE: F) announced plans to sell its Jaguar and Land Rover brands to Tata, an Indian car company. While Ford paid $5.2 billion for the two companies ($2.5 billion for Jaguar in 1989 and $2.7 billion for Land Rover in 2000), it has sold them for a combined $1.7 billion, less than a third of the purchase price.

I don't really have anything against Ford. I once owned a Mustang convertible, which was a lot of fun to drive. Better yet, it was not that hard to work on, which proved helpful given its tendency toward constant technical problems. However, Ford's corporate governance has never been all that hot. I'm sure that there's a perfectly reasonable explanation for the fact that Ford hasn't been able to make money off of either of these impressive brands, but I wonder why the company spent money picking up luxury marques when it was on somewhat shaky footing. Now that they've gotten rid of these two great companies, I hope that Ford will focus on the problems with its main car lines and the fact that they are gas-guzzling, poorly-designed, and prone to technical problems.

Of course, if that fails, they can always try buying Fiat and then reselling it to an Ethiopian manufacturer.

Ford sells off premium brands originally appeared on BloggingStocks on Thu, 27 Mar 2008 17:47:00 EST. Please see our terms for use of feeds.

After sale of Jaguar and Land Rover, is Ford worth a look? originally appeared on BloggingStocks on Tue, 25 Mar 2008 16:25:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal reported that private loans under the Federal Family Education Loan, or FEEL, program have begun to give way to the federal direct loan program, as private lenders run into subsidy cuts and problems raising capital. To date about 60 colleges and universities have made the switch.
• Carl Icahn, a 6.3% Motorola Inc (NYSE: MOT) shareholder, has sued the company to get board of director documents, turning away offers of two board seats, the Wall Street Journal reported. Icahn wants information about the company's unprofitable handset business.
• Ford Motor Company (NYSE: F) is expected Wednesday to announce an agreement to sell its Jaguar and Land Rover units to India's Tata Motors Limited (NYSE: TTM) for about $2B, the Financial Times reported.

• According to the Business Review, New York State Senator Charles Schumer is planning to 'reveal details' of a conversation he had with the CEO of Advanced Micro Devices Inc (NYSE: AMD) on March 21 about the company's plans to build a $3.2B computer chip plant in Saratoga County.

Newspaper wrap-up: Schumer to speak about conversation with AMD CEO originally appeared on BloggingStocks on Tue, 25 Mar 2008 08:05:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• Nokia Corporation (NYSE: NOK), Samsung Electronics and LG Electronics have said no to buying Motorola Inc's (NYSE: MOT) handset business, and potential Chinese interest is not there. The perception now, according to the Wall Street Journal's "Heard on the Street," is that Motorola's problems may be to difficult to fix.
• The Financial Times reported that the Los Angeles city attorney launched a wide-ranging legal action on Thursday against Health Net Inc (NYSE: HNT), one of California's biggest health insurance providers, accusing the company of defrauding customers by setting illegal policy cancellation targets for its sales agents.

• According to sources, the Economic Times reported that Tata Motors Limited (NYSE: TTM) may be looking to spin off Jaguar into a separate entity once the acquisition of the brand from Ford Motor Company (NYSE: F) is complete.
• The U.S. government has approved the first virtual fence, built by The Boeing Company (NYSE: BA), along the U.S.-Mexico border in Arizona, the Associated Press reported. Along the 28 mile stretch of border, radar and surveillance cameras will be used to try to catch people entering the country illegally.

Newspaper wrap-up: Motorola has no takers for its mobile devices unit originally appeared on BloggingStocks on Fri, 22 Feb 2008 08:00:00 EST. Please see our terms for use of feeds.

Toyota's (NYSE: TM) net grew 7.5% in the last quarter, but it indicated that it may not be quite so fortunate in the current period.

According to Reuters, the improvement was due to "speedy sales growth in China, Russia and other emerging markets." The big car company said it was still worried about the US economy.

The figures from the Japanese company show the difficulties that all of the global automotive firms face now. They are seeing double-digit sales increases in emerging markets, but in their largest market, the US, sales could be extremely poor this year.

Even that analysis masks the real long-term threat to Toyota's growth. In most emerging markets, there are already large automotive firms. Those include Shanghai Automotive in China and Tata Motors (NYSE: TTM) in India. These companies are not going to let big overseas operators simply come into their countries and take large pieces of the market.

The US economy may be the short-term enemy to Toyota, but competition in emerging markets is likely to be its challenge for the next decade.

Douglas A. McIntyre is an editor at 247wallst.com.

Toyota (TM) benefits from emerging markets originally appeared on BloggingStocks on Tue, 05 Feb 2008 08:53:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal reported that the FBI has opened criminal inquiries as part of an investigation over subprime mortgage issues. The probe into 14 companies will focus on accounting fraud, insider trading and securitization of loans.
• The Wall Street Journal also reported that Merck and Co Inc's (NYSE: MRK) osteoporosis treatment Fosamax is facing increasing scrutiny and lawsuits, as a growing number of patients allege the drug causes a condition called ONJ.
• According to a Federal judge, antitrust supervision of Microsoft Corporation (NASDAQ: MSFT) should be extended for two years longer than originally planned, until November 2009, the Financial Times said. The supervision was imposed as part of its landmark settlement in 2002, when Microsoft was accused of failing to produce an adequate licensing arrangement for certain protocols essential for rivals to work their own products through the Windows operating system.

• The Economic Times reported that Ford Motor Company (NYSE: F) has decided not to retain any stakes in its Jaguar and Land Rover divisions after selling them to India's Tata Motors Limited (NYSE: TTM), according to sources.

Newspaper wrap-up: com: Ford may not hold onto any portions of Jaguar, Land Rover originally appeared on BloggingStocks on Wed, 30 Jan 2008 08:00:00 EST. Please see our terms for use of feeds.

GM (NYSE: GM) does not like to be trumped. Last week, India's Tata Motors (NYSE: TTM) launched a car that costs about $2,500. It is geared to consumers who only have money to drive motorcycles now. The vehicle may sell well in India, but Tata understands that it could be exported to other emerging markets like Russia and China.

GM does not need any more competition in emerging countries. With its sales flat to down in the U.S. market, the company says its goal is to have 75% of its sales from outside America in just a few years. To do that, GM will need cars to fit the markets, not just versions of GM cars that it can build and sell abroad.

According to The Wall Street Journal, "GM's Asia-Pacific chief is working on developing a car for emerging markets that could play in the sub-$4,000 price range, as the company looks to compete with auto makers that are already building cheaper cars."

The plan may look good, but only if GM can find facilities and a workforce that is cheap enough to build a super-low-cost vehicle at a profit. With wages rising in China and India due to increased demand for products from these countries, the job may be difficult.

GM may want to be in the $4,000 car business, but it is not clear that it is a business which GM can afford.

Douglas A. McIntyre is an editor at 247wallst.com.

GM follows Tata Motors into discount auto market originally appeared on BloggingStocks on Mon, 14 Jan 2008 08:50:00 EST. Please see our terms for use of feeds.