10.50 -0.01 (-0.10%)
After hours: 5:50PM EDT
|Bid||10.47 x 900|
|Ask||10.48 x 800|
|Day's Range||10.28 - 10.51|
|52 Week Range||7.41 - 10.90|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||13.53|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||0.60 (5.76%)|
|1y Target Est||10.78|
On Tuesday, Tesla (TSLA) cut the prices of its vehicles to standardize its global car line-up, according to Reuters.
The United Auto Workers and representatives of Ford Motor Co. kicked off negotiations over a new collective bargaining agreement that will affect almost 9,000 employees in the Kansas City area.
Zacks.com featured highlights include: Oracle, AngloGold Ashanti, AmerisourceBergen, Ford Motor and CACI International
Superior Industries (SUP) will benefit from cost-reduction initiatives and expansion moves. However, softness in Europe and currency fluctuations are headwinds.
Although down for the better part of the day, stocks managed to fight their way back into the black on Monday. The S&P 500's 0.02% rise is anything but impressive, but it gives the bulls another day to build their technical and psychological support.Source: Shutterstock Symantec (NASDAQ:SYMC) held the rally back more than any other name, falling more than 10% after Broadcom (NASDAQ:AVGO) announced it was throwing in the towel in its acquisition effort. Teva Pharmaceutical (NYSE:TEVA) was problematic too, however, falling nearly 8% after Morgan Stanley downgraded the stock. Analyst David Risinger is worried about underestimated competition and litigation risks related to its opioid business.At the other end of the spectrum, Tesla (NASDAQ:TSLA) jumped more than 3% for a bevy of reasons, including winning two different "car of the year" awards.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Monthly Dividend Stocks to Buy to Pay the Bills As Tuesday's action gets going, however, it's the stock charts of Ford (NYSE:F), International Paper (NYSE:IP) and LyondellBasell Industries (NYSE:LYB) that merit the most attention. Here's why. International Paper (IP)The last time we looked at International Paper back in mid May, it was trapped in a downtrend largely guided by resistance at the 200-day moving average line, plotted in white on both stock charts. A near-term technical floor was holding it, but the sellers were persistently chipping away.They ultimately won the fight, dragging shares below that support area. The stock tried to bounce back, as it has since early 2018. As has also been the case since then, however, IP once again lost a fight when another ceiling stepped up to the plate. Things are apt to get worse before they get better. Click to Enlarge * The newest technical ceiling is the 50-day moving average line, plotted in purple. Rebound efforts repelled there in early June and again in early July. * This month's weakness has also been on above-average selling volume, suggesting there are more bears waiting in the wings. * The next major technical floor is around $39.50, marked in red. International Paper shares have found a floor there a few times since the beginning of 2016, and late last year in particular. LyondellBasell Industries (LYB)Two weeks ago, LyondellBasell Industries shares appeared to be on the mend. They had snapped back from a rough May, crawling back above the purple 50-day moving average line and then the gray 100-day average line, and then started to find support at that moving average. However, a push up and off the 100-day line to test the white 200-day moving average line ultimately proved disastrous. All it took was a kiss of the 200-day moving average to lead into a significant loss for that day.Before sliding back into trouble though, LYB stock found support at an established floor again, and appears to be positioning for another shot at clearing the 200-day moving average. It's less than an ideal effort though. Click to Enlarge * The support area in play now is once again the 50-day moving average line, bolstered by horizontal support around $83.60 where shares found a floor a few times in the first quarter of the year. * Although the bleeding stopped before too much damage was done, the recent setback has been on huge volume, and the two rebound days were on subpar volume. * If LyondellBasell can punch through the ceiling near $88, the next most meaningful level is around $96, marked in yellow, where LYB stock found support and resistance several times since 2017. Ford Motor Company (F)Ford has been a tough name to own for a long time. Even with the recent rebound effort, the stock remains down more than 40% from its 2014 peak price.This effort could be different though. While we've seen past recovery effort falter when bumping into an established technical ceiling, reinforcing that very ceiling, this advance is better grounded than most of the past ones have been. Click to Enlarge * The ceiling in question is the resistance line that tags all the key peaks going back to 2015, plotted in blue on the weekly chart. It has being tested again. * Since early June, F stock has found pretty persistent support at its purple 50-day moving average line. This support is highlighted on the daily chart. * Although it wouldn't readily appear this is the case on the daily chart, the weekly chart's Chaikin line -- by virtue of pointing upward again after crossing zero in April -- says there's consistent buying volume in place.As of this writing, James Brumley held a long position in Ford. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 3 Big Stock Charts for Tuesday: Ford, International Paper and LyondellBasell appeared first on InvestorPlace.
Call it a "cult stock" or a "controversy stock" if you'd like, but there are few things more often or passionately discussed on financial social media than Tesla (NASDAQ:TSLA) stock. Opinions on TSLA stock are like noses: everybody has one, especially among the financial pundits in the media.Source: Shutterstock The recovery of Tesla stock shares from $185 to $245 has some folks jumping on the bandwagon, but I'm not the type of person to follow the crowd, especially when my hard-earned capital is involved. In the case of TSLA stock, I see a number of reasons to remain cautious or even take profits if you've got 'em. Accolades? I'm Not ImpressedMuch ado was made over the fresh announcement that Motor Trend had named Tesla's Model S the "Ultimate Car of the Year," beating out similar offerings from Ford (NYSE:F) and General Motors (NYSE:GM). The way Motor Trend was gushing about the Model S, you'd think it's the greatest thing since sliced bread:InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Seven years later, there still isn't another car that doesn't require a start button or key … The idea that a car would recognize your phone as you approached, unlock, boot up its computers, and be ready to operate and drive the moment you sat down and closed the door is still cutting-edge today."I tend to view this effusiveness as a way to sell copies of Motor Trend, not an instance of sterling journalism. With comparable vehicles from Ford, General Motors and Nio (NYSE:NIO), Motor Trend is behaving as if Tesla were still the only leading-edge electric vehicle manufacturer around, which is absolutely not the case in 2019. A Matter of TrustOverblown superlatives aside, the fact remains that if a company doesn't have their target demographic's trust, then they've really got nothing at all. And it seems that Tesla has broken that bond of trust, as evidenced by AMCI's newly released 2019 Trusted Automotive Brand Study (TABS). * 10 Stocks Driving the Market to All-Time Highs (And Why) As reported in the study, Tesla is now the third least trusted luxury automobile brand. This is significant because, as the AMCI study stated, trust accounts for more than 50% of a consumer's decision to repurchase or recommend an automotive brand or its dealers.Switching to a dealer-less business model likely played a part in this precipitous decline in consumer trust. It appears that Elon Musk's bold move away from the franchise paradigm may have backfired when it comes to building and maintaining trust: as AMCI Global Chief Strategy Officer put it, "Franchised dealers can do an excellent job of building trust if they use the right standards and practices." Analysts Aren't Buying ItHype tends to hit retail investors the hardest, but analysts aren't prepared to join Team Tesla stock just yet -- and frankly, I can't blame them for their skepticism. Credit Suisse analyst Dan Levy, for instance, has aptly pointed out that TSLA "still needs to work its way through another cut to the U.S. EV tax credit" -- a point often glossed over by overenthusiastic retail Tesla bulls.Also bearish is Bank of America analyst John Murphy, who explained that TSLA's roll-out of the lower-priced Model 3 "will likely pressure margins, profits, and cash flow." And UBS analyst Colin Langan, not to be deterred by the highly vaunted TSLA second-quarter earnings results, reported that "the Q2 delivery beat does not change our cautious view on Q2 earnings." The Bottom Line on TSLA StockWhen it comes to cutting-edge electric vehicles, Tesla isn't the only player in the game anymore and there are plenty of viable investment alternatives to TSLA stock.Frankly, I wouldn't blame anyone currently in the green on his or her TSLA stock position for shedding some shares now in anticipation of buying them back if and when the price revisits the sub-$200 level.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post It's Time to Wait for Lower Prices on Tesla Stock appeared first on InvestorPlace.
Ford Motor Company and Ford Motor Credit Company will release their 2019 second quarter financial results at 4:15 p.m. ET on Wednesday, July 24.
The death of a British YouTube star in an electronic scooter accident is raising more questions about the safety of this popular form of alternative transportation. Emily Hartridge, who presented the online series “10 Reasons Why,” was killed in a collision with a truck on Friday in the U.K.’s first death involving an e-scooter. The city’s almost 1 million people currently have access to about 14,000 dockless electric scooters, and the new study counted 192 e-scooter-related injuries during those three months alone.
Welcome to Wall Street’s version of the Fyre Festival. Or, as Vincent Deluard of INTL FCStone puts it, the “faking-it economy,” where you’ll find capitalism without capital” and “employers without employees.”
The head of the labor union representing most hourly workers at the U.S. automakers struck an adversarial tone on Monday, vowing in likely contentious talks for new four-year deals that they want to share in the companies' profits. Rising healthcare costs, job security and the use of temporary workers are also expected to be major sticking points.
Auto stocks raced higher Friday, which could drive additional gains this week. Trade the industry's key players using these tactics.
U.S. stock futures are trading higher as the Street gears up for a slew of bank earnings this week. Citigroup (NYSE:C) kicked off the festivities this morning with an earnings beat that has the stock up 1% premarket.Source: Shutterstock Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.19%, and S&P 500 futures are higher by 0.22%. Nasdaq-100 futures have added 0.30%.In the options pits, call volume saw a modest uptick heading into the weekend. The S&P 500 notching a new record high on the day was no doubt a driver of the demand. Overall, some 19.2 calls and 15.6 puts changed hands on the session. The euphoria was felt at the CBOE, with the single-session equity put/call volume ratio dropping to 0.55, which is near its 2019 low. At the same time, the 10-day moving average slipped just below 0.60.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOptions trading was on fire in the following three stocks on Friday: Johnson & Johnson (NYSE:JNJ), Ford (NYSE:F) and Square (NYSE:SQ).Let's take a closer look: Johnson & Johnson (JNJ)Johnson & Johnson shares plunged 4.15% on Friday following news that the U.S. Department of Justice is investigating the company. According to a Bloomberg report, the DOJ is seeking evidence that JNJ lied about knowing its talcum powder had cancer risks.The fall sent JNJ stock below all major moving averages and places it on precarious footing ahead of tomorrow morning's earnings release. We aren't seeing any immediate downside follow through, however. The stock is hovering near unchanged in premarket trading. The next two support targets are $130 and $125.On the options trading front, the sour news spurred put demand. Total activity jumped to 559% of the average daily volume, with 114,265 contracts traded. Puts accounted for 54% of the day's take.Implied volatility rocketed higher on the day to 25% placing it at the 56th percentile of its one-year range. The expected move heading into tomorrow's report is $3.83 or 2.9%. Ford (F)Ford stock awoke on Friday, booming 3% on above-average volume. The surge completed a bull flag pattern that formed over the past two weeks and places F shares on the cusp of breaking a key intermediate-term resistance zone. We could take the pattern recognition one step further. The past three months have seen a cup-and-handle pattern that will provide a powerful bullish signal if F can rise above $10.50 this week.Income seekers still hold Ford in high regard given its juicy 5.72% dividend yield.On the options trading front, traders came after calls with a vengeance. Activity grew to 326% of the average daily volume, with 141,970 total contracts traded; 72% of the trading came from call options alone. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Implied volatility continues to hover near the lower-end of its range. At 31%, it's perched at the 26th percentile of its one-year range. Premiums are baking in daily moves of 20 cents or 1.9%. Square (SQ)Square was the top-performing stock on my watchlist last week. The four-day rally that began on Tuesday with an upgrade from Raymond James ended with a bang ahead of the weekend. Friday's 3.6% pop saw aggressive buying throughout the session, officially registering its fourth accumulation day in a row.With the ramp, SQ stock is now testing a crucial year-long resistance zone. A break above $83 would tee the stock up for a run back toward $100.On the options trading front, optimism fueled call demand on the session. Total activity climbed to 266% of the average daily volume, with 141,982 contracts traded. Calls claimed 70% of the session's sum.Implied volatility drifted sideways at 43%. That places it at a lowly 13th percentile of its one-year range and suggests options are cheap. Premiums are pricing in daily moves of $2.22 or 2.7%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Monday's Vital Data: Johnson & Johnson, Ford and Square appeared first on InvestorPlace.
Daimler (DDAIF) expects to incur loss in Q2, thanks to rise in provisions for a diesel hit and an extended recall of Takata airbags.
The United Auto Workers and Ford Motor Co will officially launch talks on a four-year contract on Monday that are expected to be contentious, with rising healthcare costs, job security and the use of temporary workers expected to be major sticking points. General Motors Co and Fiat Chrysler Automobiles NV (FCA) will kick off their own talks with the UAW on Tuesday. When the negotiators for the union and Detroit's automakers last sat across the table from each other in 2015, U.S. new vehicle sales were booming.
Toyota’s reign as the ruler of hybrid cars is being contested by ever-growing competition. The Japanese company thinks it can use solar panels to regain its edge. The Toyota (TM)(JP:7203) Prius, the first mass-produced hybrid vehicle, has been going through a six-year losing streak, with sales falling behind the likes of the Ford (F) Fusion, a car likely to be retired by its manufacturer in the next few years.
The head of the labor union representing most hourly workers at the U.S. automakers struck an adversarial tone on Monday, vowing in likely contentious talks for new four-year deals that they want to share in the companies' profits. "With this year's negotiations, we will halt that race to the bottom," Jones said at the event at the Dearborn, Michigan, headquarters of the No. 2 U.S. automaker. General Motors Co and Fiat Chrysler Automobiles NV (FCA) will kick off their own talks with the UAW on Tuesday.
Gilead Makes Galapagos Move AIDS and hepatitis C giant Gilead (NASDAQ:GILD) is making another move on Galapagos NV (NASDAQ:GLPG) to gain rights outside Europe for certain treatments. Gilead agreed to pay nearly $4 billion plus another $1.1 billion in shares at $158.49 per share, increasing its stake in the company to 22% from 12.3%. The […]The post Market Morning: Gilead Moves On Galapagos, Hong Kong Keeps Fighting, Trump Tweets appeared first on Market Exclusive.
This week's stories will set you up for big things to come. They include new plans for the Sprint campus, new digs for J. Rieger & Co. and WeWork, and a new investment fund for women-led companies.
Our call of the day comes from a money manager who says he got out of stocks and bonds in early July, and why investors should follow suit.