|Bid||372.65 x 1100|
|Ask||372.88 x 1100|
|Day's Range||368.77 - 374.91|
|52 Week Range||271.28 - 384.87|
|Beta (5Y Monthly)||0.69|
|PE Ratio (TTM)||41.32|
|Earnings Date||Dec 10, 2020|
|Forward Dividend & Yield||2.80 (0.76%)|
|Ex-Dividend Date||Oct 29, 2020|
|1y Target Est||368.07|
The U.S.-listed shares of Tata Motors Ltd. rallied 5.1% in morning trading Tuesday, after the India-based automaker reported fiscal second-quarter revenue that fell less than expected, with its Jaguar Land Rover division returning to profit in the quarter. Revenue for the quarter fell 18.2% to INR535.30 billion ($7.26 billion), but beat the FactSet consensus of INR528.77 billion. For the Jaguar Land Rover unit (JLR), revenue rose 52.2% sequentially but fell 28.5% from a year ago. JLR generated a profit of £65 million ($84.8 million), compared with a loss of £413 million in the previous quarter but down from a profit of £156 million a year ago. "A gradual improvement in sales is expected to continue and will be supported by new and refreshed products, including the short wheel-base Land Rover Defender 90, the refreshed Jaguar F-PACE as well as 2021 model year Range Rover Velar, Jaguar XF and Jaguar XE," the company said i a statement. "Furthermore, Jaguar Land Rover continues to expand its offering of electrification across its model range." The stock has soared 40.2% over the past three months, while the S&P 500 has gained 5.1%.
To the question of what's the most feared competitor in retail, the answer is simple. Amazon (NASDAQ: AMZN) has demonstrated time and again its desire to disrupt as many corners of the retail industry has possible, and Wall Street tends to give the tech giant a wide berth. For instance, when Amazon acquired Whole Foods Market in 2017, supermarket stocks fell broadly, including Sprouts, Supervalu, Walmart, and Costco (NASDAQ: COST), as investors feared that the industry was about to experience the "Amazon effect."
Discount retailer Costco has started to sell coronavirus testing kits on its website Friday. Priced at $129.99 and $139.99, the retailer's 'Covid-19 Saliva PCR Test Kits' claim to be the gold standard testing method with the most accurate sensitivity and specificity currently on the market, according to the website. The at-home, self-administered saliva tests come without a nasal swab which has been widely used for testing in the country.