Saturday, November 27, 2010

Market News: Delta Air Lines (NYSE:DAL), JP Morgan Chase & Co. (NYSE:JPM), Ford Motor Company (NYSE:F)

More breaking news stories could affect stocks when trading continues later. The following stocks should see some movement: Delta Air Lines (NYSE:DAL), JP Morgan Chase & Co. (NYSE:JPM), Ford Motor Company (NYSE:F). Here is a more detailed look at the news that will affect each company when trading continues. Delta Air Lines (NYSE:DAL) Delta Air Lines (NYSE:DAL) has offered its support to Garuda Indonesia's joining SkyTeam. Delta Air Lines (NYSE: DAL) issued the following statement in support of Garuda Indonesia’s decision to join the SkyTeam global airline alliance in 2012. Vinay Dube, the senior vice president of Delta Air Lines (NYSE:DAL) Asia Pacific said that, “We are honored that Garuda Indonesia has chosen to link its future growth and success with Delta and our SkyTeam partners, while bringing our alliance unique access to Indonesia. Garuda’s growing hubs in Jakarta and Denpasar, and extensive network throughout Southeast Asia and the Pacific, will bring our customers greater access to destinations across one of the world’s fastest-growing regions.” JP Morgan Chase & Co. (NYSE:JPM) J.P. Morgan Chase & Co. (NYSE:JPM) has raised their target price on Ship Financial Int't Ltd. J.P. Morgan Chase & Co. (NYSE:JPM) is raising its price target on Ship Finance International Limited to $22 from $21, and is keeping its Underweight rating on the name. J.P. Morgan Chase & Co. (NYSE:JPM) said to clients that, “SFL posted 3Q10 EPS of $0.46 (excluding one-time items), coming in below our estimate of $0.52 and slightly lower than the average Street forecast of $0.47 as lower-than-expected revenue ($0.06 EPS impact) and higher-than-expected interest costs ($0.03 impact) were partially offset by lower G&A expense than we forecasted ($0.02 benefit). SFL’s board approved a third consecutive quarterly dividend increase for 3Q, up $0.01 to $0.36 per share. We are lowering our 4Q10 and '11 EPS forecasts primarily to reflect lower profit-sharing revenue projections and a higher interest expense run rate. We reiterate our Underweight rating on SFL, though we are raising our December 2011 price target to $22 (from $21).” Ford Motor Company (NYSE:F) Ford Motor Company (NYSE:F) has helped raise $6,000 for a local high school. Ford Motor Company (NYSE:F) and Delehanty Ford recently partnered to raise $6,000 for Flushing High School as part of Ford Motor Company (NYSE:F)'s Drive One 4 UR School program. Community members took advantage of the opportunity to raise money by test driving a new Ford Motor Company (NYSE:F) vehicle. For every person who test drove a 2010 or 2011 Ford Motor Company (NYSE:F)'s vehicle, Delehanty Ford donated $20 to Flushing High School. The school will use the funds to benefit the band and athletic boosters. We could possibly see more movement when trading continues for Delta Air Lines (NYSE:DAL), JP Morgan Chase & Co. (NYSE:JPM) and Ford Motor Company (NYSE:F).
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