It's good to see that AXL stock is no longer paying any attention to:
Barclays recent underweight rating on 5/10 with a $7 dollar price target.
Morgan Stanley (Adam Jonas) downgrade to underweight on 3/30 with an $8. dollar price target.
AXL is a primary supplier to GM, and we should expect that GM will award new component business related to EV, no matter what Adam Jonas thinks!
Bullish
K
did not expect that AXL would rebound from the downward movement which prompted my pessimistic target of about 2 months ago. The nearby Zack article extolling the climb to $12.50 does not yet mean that I am wrong on my Aug low of $7.50. $12.50 (current) matches the $12.50 (2 mo ago). Current price is well above the 20 day moving average and is slightly above the 2sigma Bollinger band. I will keep my powder dry and if my interest can be maintained (I think there is potential post a rough period), I will be a buyer, still at $7.50 or $8.00 in late Aug.
C
GM to spend $35 billion on electric and autonomous cars per GM. Now that will help AXL.
Y
American Axle & Manufacturing is up 8.08% to 12.84
L
LEA a great buying opportunity!
E
Complete newby question. Back in March I was able to determine that AXL would have a good Q1 and good 2021. I purchased at $12/share excited at the growth prospect for AXL...then shortly after stock plummets. Did I buy after all of this has been priced in? I find it hard to believe that it hasn’t recovered to the $12+
C
Due to poor performance out of management the Executives should take a 50% pay cut since the stock has dropped from $20 plus to $9.
M
Heard these dudes were selling lots of axles, went long a ton. They were $11 a while ago, I'd take anything over today's close.
L
Great news before earnings!....AAM and REE Automotive to Jointly Develop New Electric Propulsion System for e-Mobility....search google for the article
Bullish
w
Hey C. Ray....so what da ya think?
Bullish
C
As I have said before AXL is NFG as an investment it is a day trading stock at best.
C
This company is so overvalued its not funny. It is in debt 3.67 billion and has 561.9 million in cash with a book value of $3.27 per share. The have a return on Equity of -82.91%. Their burning thru money like their is no tomorrow. Their sinking fast.
F
There is no rhyme or reason to why this pops or drops.
C
Dementia Joe shutdown the Tundra Drilling rights, Fuel going up.
C
Well it appears that AXL is AFU.
L
LEA a buying opportunity.
Y
American Axle & Mfg is up 8.27% to 9.82
K
Not sure what differences exist between EV's and ICE's as per axels,clutches etc. Product line here viz AXL, BWA will be telling. Target $7.50 by Aug. No holdings..yet
Bearish
b
Adam Jonas downgraded AXL with an $8 price target, based on a move from ICE vehicles to EV. This is a long term call. In the meantime, AXL is poised to have a multiyear run with substantial profits to be reinvested in the EV transition. Large pickup and SUVs if they go EV, would have 2000lbs. of added battery weight, and will still require heavy duty driveline components, to be reconfigured for EV versions.
I still remember how wrong Adam Jonas was with his 10 year negative call on GM. He discounted the many positive EV and otherwise developments at GM, over the last 10 years, as he focused on Tesla. It was a long term call based upon his long term view. More recently, Adam is now very positive on GM.
Bullish
E
Weird time to lower expectations on a company that should be poised to do well. Auto demand expected to be big yet the company involved in the driveline gets discarded?
Barclays recent underweight rating on 5/10 with a $7 dollar price target.
Morgan Stanley (Adam Jonas) downgrade to underweight on 3/30 with an $8. dollar price target.
AXL is a primary supplier to GM, and we should expect that GM will award new component business related to EV, no matter what Adam Jonas thinks!
This is a long term call. In the meantime, AXL is poised to have a multiyear run with substantial profits to be reinvested in the EV transition. Large pickup and SUVs if they go EV, would have 2000lbs. of added battery weight, and will still require heavy duty driveline components, to be reconfigured for EV versions.
I still remember how wrong Adam Jonas was with his 10 year negative call on GM. He discounted the many positive EV and otherwise developments at GM, over the last 10 years, as he focused on Tesla.
It was a long term call based upon his long term view.
More recently, Adam is now very positive on GM.