|Bid||9.460 x 21500|
|Ask||9.470 x 40700|
|Day's Range||9.420 - 9.550|
|52 Week Range||9.220 - 13.480|
|PE Ratio (TTM)||5.60|
|Earnings Date||Oct 24, 2018|
|Forward Dividend & Yield||0.60 (6.09%)|
|1y Target Est||10.94|
It reportedly carried silver screen icon Marilyn Monroe and playwright Arthur Miller to their wedding ceremonies, and now you can own it: The Raven Black 1956 Ford Thunderbird convertible roadster driven by Monroe from the time she bought it in 1955 to 1962 will hit the auction block at Julien's in Los Angeles on Nov. 17. Developed as a response to the 1953 Chevrolet Corvette, the Thunderbird debuted in late 1954 as a 1955 model and was branded as a "personal luxury car." It quickly overwhelmed Ford's expectations for customer demand. This example features the optional 312 cubic-inch V8 that would debut for 1956 with a Holley four-barrel carburetor generating 225 horsepower and sending it through a three-speed "Ford-O-Matic" automatic transmission.
Ford stock has fallen in five of the first eight months of 2018. According to the Bangkok Post, the South Bangkok Civil Court in Thailand “ordered Ford Sales & Service (Thailand) to pay 291 car owners for substandard vehicles in the country’s first class-action ruling” last week. The joint lawsuit was filed by owners of Ford “Fiesta and Focus models produced in 2011” due to a problem involving the car’s PowerShift transmission.
A senior Chinese official said on Tuesday it is difficult to proceed with trade talks with the United States while Washington is putting "a knife to China's neck", a day after both sides heaped fresh tariffs on each other's goods. When the talks can restart would depend on the "will" of the United States, Vice Commerce Minister Wang Shouwen said at a news conference in Beijing. U.S. tariffs on $200 billion (£152.6 billion) worth of Chinese goods and retaliatory taxes by Beijing on $60 billion worth of U.S. products including liquefied natural gas (LNG) kicked in on Monday, unnerving global financial markets.
In 2018 so far, Harley-Davidson (HOG) has fallen ~10.7% as of September 20. In comparison, auto stocks (FXD) Honda Motor Company (HMC), Ford Motor Company (F), and General Motors (GM) have fallen 10.2%, 20.6%, and 12.0% year-to-date, respectively.
According to the data compiled by Reuters, 50.0% of analysts covering AutoZone stock (AZO) gave its stock a “buy” recommendation. Another 46.0% of analysts recommended a “hold” on the company’s stock while the remaining 4.0% of analysts recommended a “sell.” On September 19, 24 Wall Street analysts were covering AZO.
In the week ended September 21, Ford (F) stock settled at $9.85 with a 4.2% weekly gain. The rise was Ford’s highest weekly gain in the last 21 weeks, and it has witnessed positive movement in the last two weeks. In the previous week, Ford rose by 1.9%. As of September 24, the company’s stock has seen 22.4% value erosion in 2018 so far. In comparison, industry peers (IYK) General Motors (GM) and Tesla (TSLA) have fallen 15.2% and 3.7% YTD, respectively, while Fiat Chrysler (FCAU) has risen by 2.6% YTD.
As of September 20, Ferrari (RACE) stock has risen ~31% YTD (year-to-date), outperforming all other automakers. RACE has outperformed legacy auto companies and the broader market for the last two years in a row.
Valuation multiples are widely used in the automobile and auto parts industries to compare businesses. It’s important to only use valuation multiples to compare companies that are similar in terms of size, business model, or financials. In this fashion, AutoZone’s (AZO) forward valuation multiples can be compared (XLY) with its peers O’Reilly Automotive (ORLY) and Advance Auto Parts (AAP).
Ford Motor Company will release its September 2018 U.S. sales results at approximately 9:15 a.m. EDT Tuesday, October 2, 2018. At 10:00 a.m. EDT, Erich Merkle, Ford U.S. sales analyst, will host a conference call for the investment community and news media to discuss the results and related market trends.
Last week, the broader market traded on a slightly mixed note due to uncertainties related to a global trade war. In the third week of September 2018, the S&P 500 benchmark (SPY) largely remained mixed and inched up 0.8%. President Donald Trump’s recent decision to impose 10% tariffs on another $200 billion of Chinese goods could be the key reason for investors’ mixed sentiments.
According to Reuters, as of September 20, 57% of the 21 analysts covering Honda Motor Company (HMC) have given it “buy” recommendations. The remaining 43% of analysts have suggested “holds” on the stock. No analysts have given the stock “sell” recommendations at current.
As we discussed in the first part of this series, AutoZone’s (AZO) fiscal fourth-quarter earnings received a mixed reaction from investors. Its stock fell 2.0% on the day of its earnings release before showcasing a recovery in the next session.
Next month will mark 50 years since the movie Bullitt premiered. The 1968 thriller starred Steve McQueen, Robert Vaughn, and Jacqueline Bisset. It also starred a dark highland green 1968 Ford Mustang GT fastback that McQueen drove in what for many remains the most iconic car chase in cinema history: a 10-minute-long sequence in which his character chases two hit men through the hills of San Francisco.
Bryan Salesky has been entrusted with $1 billion by Ford Motor Co. and given a mission to bring the pioneering American automaker into the age of driving robots. It becomes top of mind when Salesky looks down at the floor. “It’s not like I lined the place with marble,” Salesky says as he walks through Argo AI’s Ford-funded offices, spread across two floors of a new building in a hip section of Pittsburgh.
* China says when trade talks can restart depends on U.S. BEIJING, Sept 25 (Reuters) - A senior Chinese official said on Tuesday it is difficult to proceed with trade talks with the United States while Washington is putting "a knife to China's neck", a day after both sides heaped fresh tariffs on each other's goods.
The Trump administration is “open” to the Senate Judiciary Committee holding a hearing with Deborah Ramirez, the woman who accused Supreme Court Nominee Brett Kavanaugh of sexual misconduct in college, White House spokeswoman Sarah Huckabee Sanders said. Sanders, speaking on ABC’s “Good Morning America” on Tuesday, didn’t specify whether the White House would support a public or private hearing involving Ramirez, who was quoted in the New Yorker magazine as saying that Kavanaugh exposed himself to her at a drunken party at Yale University when they were students. The Judiciary Committee plans a Thursday hearing that will include Kavanaugh, along with his principal accuser, Christine Blasey Ford, who alleges sexual misconduct during high school.
A bankruptcy judge set a Nov. 12 bid deadline for potential buyers who are interested in six West Texas car dealerships run by the Reagor-Dykes Auto Group. Reagor-Dykes has denied wrongdoing. said that any bidders who emerge to challenge a $25.3 million offer from Texas-based KamKad Automotive Holdings LLC could square off at a Nov. 15 auction.
Toyota Motor Corp. (TM) is the world's largest automaker with a market capitalization north of 200 billion, greater than Ford (NYSE:F), General Motors (GM) and Honda (HMC) combined. It sold 10.4 million units in the last fiscal year under brands that include Lexus, Daihatsu, Hino and its namesake Toyota. The company has close to 50% of the market share in Japan, yet just 14% here in the U.S. The company also owns nearly 25% of parts supplier Denso, an impressive organization in its own right with $48.1 billion annual sales turnover.
In 2017, Toyota Motor’s (TM) global sales volumes were in third place in the world after Renault–Nissan–Mitsubishi Alliance and Volkswagen (VLKAY). Let’s take a quick look what analysts are recommending for Toyota in September.
As participants in the investment community, we watch and listen to some of the biggest and brightest stars talk about how they achieved great wealth for themselves and their clients. In the case of investing, I have witnessed firsthand some of the finest money managers on the planet. Now, why do I care about the habits of big money managers?
As we discussed previously, President Trump announced a 10% tariff on $200 billion worth of Chinese goods last week. The tariffs would increase to 25% by the end of the year. In a letter, Walmart (WMT) said, “Walmart and our suppliers will pay the cost of increased duties, which are simply taxes levied on products at the border.
According to Bloomberg’s tracker, Tesla’s Model 3 production rate was estimated at 3,274 units per week as of September 21. The company also aims to increase its Model 3 production to 6,000 units per week “by late August.” Moreover, TSLA has suggested that “the majority of [its] production lines will be ready to produce” about “10,000 Model 3s per week” by the end of 2018. Tesla’s ability to achieve these goals should continue to be in investors’ focus in the fourth quarter.
In the third quarter so far, Fiat Chrysler Automobiles (FCAU) has fallen 2.9% as of September 20. In 2017, FCAU impressed investors by yielding the highest returns among auto stocks (FXD) at 96.4%. After gaining 15% in the first quarter, the stock turned negative in the second quarter this year and saw a 7.9% fall.