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TrueCar Inc. said Tuesday it expect November new vehicle sales to climb 3.6% from a year ago to reach 1.37 million units, boosted by Black Friday deals and two extra selling days than in the year-earlier period. The online marketplace for new cars said it expects November’s seasonally adjusted annualized rate for total light vehicle sales to come to 17.66 million units, versus 18.25 million units a year ago. “The early launch of Black Friday sales events is helping offset declines in fleet sales this month, as the retail sales environment remains strong for new car sales,” said Eric Lyman, TrueCar’s chief industry analyst, in a statement. “Incentives are also down slightly as automakers begin to address supply side imbalances with planned reductions in vehicle production.” Among individual car makers, Subaru posted the biggest gains in the month at 12.9%, followed by General Motors Corp. , up 11.2%. TrueCar shares up 30% in the year so far, while the S&P 500 has gained 7.7%.

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From:: Stock Market News

Shares of Tiffany & Co. surged 2.4% in premarket trade Tuesday, after the high-end jewelry retailer reported fiscal third-quarter profit and sales that surprisingly that surprisingly rose above expectations. Earnings for the quarter to Oct. 31 increased to $95.1 million, or 76 cents a share, from $91.0 million, or 70 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was a decline to 67 cents. Revenue grew to $949.3 million from $938.2 million, compared with the FactSet consensus for a decline to $923.8 million. Same-store sales fell 2%, compared with the FactSet consensus of a 4.1% drop, as a 20% jump in Japan same-store sales was well above expectations of a 4.3% fall. Net sales in the Americas, Asia-Pacific and Japan beat the FactSet consensus while Europe sales fell below. The company affirmed its fiscal 2016 outlook for sales and adjusted EPS. “We are encouraged by some early signs of improvement in sales trends, but we clearly need more positive data over time before this can be considered an inflection point,” said Chief Executive Frederic Cumenal. The stock has gained 2.4% year to date through Monday, while the SPDR S&P Retail ETF has climbed 6.5% and the S&P 500 has rallied 7.7%.

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A plane carrying 81 people, including a Brazilian first division soccer team, has crashed as it neared the international airport in Medellin, Colombia, according to an AP report. The BAE 146 short-haul aircraft, run by charter airline LaMia, reportedly declared an emergency because of an electrical failure. The Chapecoense soccer team from southern Brazil was on board and traveling to play in a Copa Sudamericana final. Reports said 76 of the 81 people on board died.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

A plane carrying 81 people, including a Brazilian first division soccer team, has crashed as it neared the international airport in Medellin, Colombia, according to an AP report. The BAE 146 short-haul aircraft, run by charter airline LaMia, reportedly declared an emergency because of an electrical failure. There were reports of at least six survivors, and the Chapecoense soccer team from southern Brazil was traveling to play in a Copa Sudamericana final.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News