|Bid||0.00 x 1800|
|Ask||0.00 x 1400|
|Day's Range||11.62 - 11.87|
|52 Week Range||10.14 - 13.48|
|PE Ratio (TTM)||6.04|
|Forward Dividend & Yield||0.60 (5.05%)|
|1y Target Est||N/A|
Marathon Oil OPEC’s pact to boost output was more modest than expected, lifting oil prices--and the shares of producers like Marathon, Denbury, Oasis, and Whiting. 21st Century Fox To top Comcast’s $65 billion offer for Fox’s film and TV studios, and a stake in Hulu, Disney boosted its bid to $71.3 billion in cash and stock. Reuters mentioned retail specialists Sycamore Partners.
The escalating tariff war is increasingly targeting the auto industry, and stocks in the sector are feeling the pain. President Donald Trump tweeted on Friday morning that his administration will impose 20% tariffs on imported vehicles from Europe if the European Union doesn't remove its own trade barriers to U.S. cars. China has also targeted U.S.-made cars for upcoming tariffs.
Energy stocks lead, supported by jump in crude pricesExxon shares were among top Dow gainers. U.S. stock benchmarks ended mostly higher on Friday as an OPEC-inspired rally in energy shares helped the Dow industrials halt a lengthy slide, but equities rang up weekly losses in a period pockmarked by a series of trade-related spats. What did the main benchmarks do?
Pushing forward with his America First policy, President Donald Trump threatened to impose a 20% tariff on car imports from the European Union (EU). In his tweet, the President also urged automakers to manufacture cars in America rather than relying on imports. The EU is one of America’s largest trading partners, accounting for $717.9 billion worth of goods trade in 2017. Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!
In the previous part of this series, we saw that China’s light vehicle sales continued to grow positively YoY (year-over-year) in May. In the first five months of 2018, China’s auto sales increased 5.7% YoY. Sales declined YoY in February due to the Chinese New Year that month.
Investing solely for income, and finding the best dividend stocks, can be tricky. High dividend yields sound attractive on the surface, but almost always come with sharply higher risks. The largest risk is that the very same dividend will be cut.
Ford Motor Company (F) sold 118,700 vehicle units in Europe in May. That’s a minor rise of 0.6% from May 2017. In 2017, Ford’s Europe market sales went up marginally by ~0.5% YoY to 1.4 million vehicle units. In its Europe segment, Ford reported vehicle sales in 20 traditional European markets on a monthly basis.
In the first quarter, Ford’s (F) Asia Pacific region revenues rose 6.3% YoY (year-over-year) to $3.4 billion. However, the region had a negative impact on Ford’s total profit margins. Increased engineering costs in China, lower volume, and an unfavorable mix stole about $116 million from Ford’s EBIT in the first quarter.
Ford Motor Company (F) sold 61,744 vehicle units in China (IYK) in May. That’s a massive decline of 29% YoY (year-over-year). In April, its sales in China were 69,503 vehicle units but fell 26% YoY. So far in 2018, Ford’s Chinese market sales have fallen 22% YoY to 338,386 units.
German automotive stocks fell after U.S. President Donald Trump threatened to impose a 20 percent tariff on all European car imports into the U.S. “Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!” Trump said in a tweet on Friday. The risk is becoming more real, said Jeff Schuster, senior vice president of forecasting at LMC Automotive, before Trump’s latest salvo.
German automotive stocks fell after U.S. President Donald Trump threatened to impose a 20 percent tariff on all European car imports, escalating his demand for concessions aimed at lowering the U.S. trade deficit. Shares of Volkswagen AG, Daimler AG and BMW AG fell in Frankfurt after Trump’s latest broadside, insisting European manufacturers “build them here!” General Motors Co. and other U.S. automakers pared earlier gains, on concern they too would get caught up in rising global tariffs.
Cadillac's sales declined in 2017 and automakers are producing fewer sedans in the United States. Is this Cadillac investment a good move by GM?