35.12 0.00 (0.00%)
After hours: 4:13PM EDT
|Bid||35.00 x 3200|
|Ask||35.01 x 900|
|Day's Range||34.35 - 35.18|
|52 Week Range||30.56 - 45.00|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||5.58|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||1.52 (3.90%)|
|1y Target Est||47.11|
"It's reclaimed black peat oak from a bog in Ireland," says Jonathan Ward, Icon's CEO and chief designer, showing me the bed of his latest Icon Chevrolet Thriftmaster pickup. Icon is best known for its big-buck custom Broncos, but pickups have always been a big part of its business.
General Motors President Mark Reuss isn't worried about an autonomous, ride-hailing future. He tells Yahoo Finance's Rick Newman that there's a "big" upside to fleets and that there's opportunity for self-driving cars and humans to "coexist." They speak at the Wall Street Journal Future of Everything Festival in New York.
Yahoo Finance's Rick Newman speaks to General Motors President Mark Reuss at the Wall Street Journal Future of Everything Festival in New York who says he wants more "certainty" when it comes to which tariffs between the U.S. and China will be put in place .
"We hold our suppliers to a high bar," explained Steve Kiefer, GM senior vice president of global purchasing and supply chain. According to GM, requirements were based on performance criteria in product purchasing, global purchasing and manufacturing services, customer care and aftersales and logistics. This award recognizes GM suppliers who consistently exceed expectations, create outstanding value and introduce innovations to their supply chain operations.
Spoiler alert … I prefer General Motors (NYSE:GM) stock over Ford (NYSE:F) stock right now. But before you judge my choice, know that I would own both here and will share the levels that matter for either.The auto manufacturing sector is on the cusp of massive changes. The world is trying to make the shift from internal combustion engines (ICE) to electric cars. Although we've had them since 1890, it took Tesla (NASDAQ:TSLA) to popularize them. But for now, electric cars still are but a sliver of the ICE market, so the battle is far from over.Then there is another trend in autos that is sure to be the future, and that's autonomous driving. While the impression is that it's just around the corner, true autonomy is decades away. Meanwhile, we will likely have several layers of driver assist features and our manufacturers like General Motors and Ford are already on board.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEven tech companies got into the fray. In fact Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is the parent company of Waymo, which is arguably the one that will be first to bring autonomous vehicles to market. So Which Is the Better Bet: GM or Ford Stock?Call me wish-washy, because I like both but for different reasons time frames.Fundamentally, they are both incredibly cheap, as they sell at around 0.3 times sales. For absolute comparisons, Apple (NASDAQ:AAPL) and Tesla sell for 3x and 2x sales. Moreover GM and Ford pay a hefty dividend of 4% and 6%. * 6 Stocks to Buy for This Decade's Massive Megatrend While both are cheap, GM is my clear winner right now. It sells at only a 5.7 trailing price-to-earnings ratio, compared to Ford stock's trailing P/E of 12.6. For some reason, Wall Street is now willing to pay more than double for F stock what it would for GM stock, and I disagree with them.Ford is vulnerable short term because of the gap below. The stock soared on good results in its last earnings report, but usually traders likes to fill open gaps. Not all of them of course but this one is too close and large to ignore here.Nevertheless, if Ford stock falls closer to $9.60 and covers it I'd go long it. I can then buy the shares outright or use the options markets where I can leverage time and reduce the out-of-pocket expenses for the trade.GM also has a gap, but after a hideous -4% Wednesday and some more today, it's almost completely filled. Besides, this gap is but a fraction the size of the one that Ford has, so it's less of a magnet. Wall Street is more likely to ignore it open for longer, if not forever. Other Current GM Stock PlussesAnother reason I prefer GM over Ford stock here is the leadership.Since Mary Barra took the GM helm, she has made the company competent at navigating a barrage of obstacles. They are thereby faster to make the moves they need to make to stay ahead of the trend. They've even recently done so knowing they risk negative repercussions from the White House. I have no doubt that Ms. Barra has proven herself worthy of the risk. So for the long term, I am more comfortable owning GM stock knowing this team is in charge.But there are short-term lines that matter for General Motors stock. The zone at and just below $35 needs to hold and serve as a base for bulls to mount a bounce rally. The S&P 500 technically is in danger this week of losing an important neckline. If lost, it could trigger a 5% market-wide correction and that will test the GM support. Size the risk appropriately, knowing this.To state it simply, both General Motors and Ford are attractive here. I prefer GM over F stock, but not by much, and it's a matter of technical preference.Wall Street experts agree with me, since most analysts have Ford as a hold, as it trades at their average price target. Meanwhile they have GM as a buy and it trades well below its average target.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post Which Is Better for You: GM or Ford Stock? appeared first on InvestorPlace.
Ford (F) to restructure operations globally to enhance profitability, speed up product development and announce job cuts. Fiat Chrysler (FCAU) to recall 208,000 vehicles.
Self-driving cars once seemed poised to inaugurate a new era in transportation. But now, driverless cars are further away than people thought.
GM first made the request for a two-year temporary waiver on features like mirrors, dashboard warning lights and turn signals designed for a human driver in a petition filed with the National Highway Traffic Safety Administration (NHTSA) in January 2018. The largest U.S. automaker said it hoped to deploy no more than 2,500 modified Chevrolet Bolt electric vehicles as part of a controlled on-demand ride-sharing fleet, likely to be based in San Francisco, by the end of 2019.
General Motors Corp. (NYSE: GM), looking to build on the growth in demand for its vehicle trunks to serve as delivery nodes, is exploring expansion opportunities with carriers and retailers outside of its current 13-month relationship with e-tailer Amazon.com, Inc. (NASDAQ: AMZN), a GM executive said in a May 21 interview. Speaking with FreightWaves, Stephen London, GM's head of connected vehicle solutions, said the automaker is looking to bring other delivery companies into its network, as well as retailers that want to offer their customers the same level of convenience that Amazon provides members of its "Prime" service. London did not provide details of discussions with either prospective stakeholder group.
There is this idea that old businesses can be easily remade into digital upstarts if managers throw enough money at the process. is shuttering its Maven car-sharing business in most major U.S. cities, including Boston, Chicago and New York. Building new software businesses is hard work.
Tesla (NASDAQ: TSLA) dipped below $200 this week for the first time since 2016. A year ago, it would have seemed inconceivable for bulls that Tesla stock would be battling to hold the $200 level. However, CEO Elon Musk's empty promises and poor decisions have finally started to sink in to the market.Source: Shutterstock Tesla has become one of the most popular and profitable short selling targets in the market. However, no matter how bad the numbers at Tesla get, the company will never go bankrupt, and Tesla stock price won't go to $0.For months, Tesla missed Model 3 production target after target. In hindsight, it appears these production misses were mostly a function of Musk's unrealistic expectations. Tesla nearly delivered as many vehicles in 2018 as it did in all prior years combined. Yet because Musk set the bar so high, those otherwise impressive growth numbers were seen as a disappointment by the market.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Over 20% Upside Potential Still, Tesla stock stayed above $250 throughout 2018, even when Musk agreed to a fraud settlement with the SEC. Tesla bulls seemed to be pinching their nose and enduring the production disappointments, and understandably so. After all, production issues are a temporary problem. A Closer Look at Tesla StockIn 2019, Tesla's problems are looking much more long-term. Analysts have repeatedly discussed lack of demand for Tesla vehicles as the major question mark for Tesla."We continue to have major concerns around the trajectory of Tesla's growth prospects and underlying demand on Model 3 in the US over the coming quarters," Wedbush analyst Daniel Ives said.In addition, Model 3 margins and sustainable profitability are still major unknowns. Tesla once again has to raise capital last month to continue its operations.Ives is somewhat of a long-term TSLA stock optimist given his $230 price target. However, former Kase Capital Management hedge fund manager Whitney Tilson said the Tesla sell-off is just getting started.On March 4, Tilson famously made the bold prediction that Tesla stock will drop below $100 by the end of 2019. At the time, Tesla was trading at $295 and the prediction inspired some chuckles among Tesla bulls.Less than three months later, TSLA stock is down about $90 from that level. The $100 target is looking less crazy by the day.Like Ives and other analysts, Tilson's primary issue with Tesla is demand."Tesla cars, however cool they might be, were, are, and will always be niche products for coastal elites," he said.However, while there is still plenty of downside opportunity for short-sellers based on Tilson's $100 target, he says there is a reason why his target is $100 and not $0."I never doubted that the company could raise capital in this environment of seemingly endless STOOOOOPID money," Tilson said. Tesla Stock Has ValueAt this point, I think it's safe to say that Tesla is a poorly-run company. But that fact alone doesn't mean it is worthless. Even if Elon Musk's plan of taking Tesla mainstream fails miserably, there is still value to the company.Elon Musk is so beloved and is such a good marketer that he will likely always be able to raise more money. In addition, Musk could also take Tesla private (for real this time) at the right price. Whether that price is $100, $150 or $50 per share is certainly debatable. However, I have a hard time seeing Musk standing idly by while Tesla stock price drops to $0.Finally, most of Tesla's problems up to this point have had to do with the difficulty and cost of expanding its operations globally. Musk's reputation has taken a beating in the past couple of years, but Tesla's brand is still relatively valuable, particularly among the "coastal elites" Tilson described.To think companies with global infrastructures and/or massive resources like General Motors (NYSE: GM) and Apple (NASDAQ: AAPL) don't recognize the value in Tesla's technology and brand would be extremely naive.General Motors has always been "the enemy" for many Tesla investors, but Tesla may not be the enemy for GM. A buyout of Tesla would certainly stretch the GM balance sheet at $200 or $250 per share. But a price of $100 per share would put Tesla's market cap under $20 billion and make a takeover much more reasonable. Bottom Line on Tesla StockAs with most things in the market, the reality for Tesla is likely somewhere between the optimistic bull thesis and the pessimistic bear thesis. It's going to take at least several quarters for Tesla to demonstrate meaningful progress towards proving a viable large-scale business model. In fact, it may never get there.In the meantime, TSLA stock will likely continue to bleed. I don't know if Tesla makes it to $175, $100 or $50. But Tesla isn't going away, and TSLA stock isn't going to $0.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post No One Really Believes That Tesla Stock Is Going to $0 appeared first on InvestorPlace.
SOUTHFIELD, Mich., May 21, 2019 /PRNewswire/ -- Lear Corporation (LEA), a global automotive technology leader in seating and electrical and electronic systems, today announced it was named a GM Supplier of the Year and received the Overdrive Award from General Motors during GM's 27th annual Supplier of the Year awards ceremony held on Wednesday, May 15, and Thursday, May 16, in Detroit, Michigan. During the event, GM recognized 133 of its best suppliers from 15 countries that have consistently exceeded GM's expectations, created outstanding value or introduced innovations to the company. This is the 18th time Lear has received the award.
Auto makers are laying off employees at the fastest pace since the financial crisis, according to outplacement services company Challenger, Gray & Christmas Inc., as the industry struggles with changing consumer demand and new technology-based competition.
Volkswagen AG truck brand Scania said on Tuesday it will invest 1.4 billion reais ($344.14 million) to modernize its Brazilian factory in Sao Bernardo do Campo, an industrial city near Sao Paulo. The investment in the historic center of Brazil's auto industry follows Ford Motor Co's decision to exit the heavy truck business in South America and shut down its plant in the same city, which could benefit the remaining players in the sector.
Equity markets spiked up in the first four months of 2019, pricing in a possible trade deal resolution between the U.S. and China. However, on May 5, investors woke up to the reality that the U.S. was not happy with the progress in the negotiations. President Trump and members of the administration suggest that China is now trying to water down the previous offers, especially on patent protection and enforceability measures.While the broader markets have been jittery and in a decline since May 6, not every quality stock has been as adversely affected as many momentum and tech stocks. Today, I am going to discuss three dividend stocks in three different sectors. * 10 Baby Boomer Stocks to Buy Specifically, the three stocks to buy are General Motors (NYSE:GM), McDonald's (NYSE:MCD) and Royal Dutch Shell (NYSE:RDS.A, NYSE:RDS.B).InvestorPlace - Stock Market News, Stock Advice & Trading Tips General Motors (GM)Source: Shutterstock Let us first look at General Motors, the largest automaker out of Detroit. What puts GM in the spotlight for me is mainly its subsidiary, Cruise, which has the second place for autonomous driving commercial services in the U.S.The global market for self-driving vehicles and services is expected to grow in double-digits in the next several years. More specifically, analysts estimate that the industry will grow more than tenfold from $54.23 billion in 2019 to $556.67 in 2026.In August 2016, GM bought a majority stake in Cruise for $1 billion. In three years, Cruise's valuation has reached $19 billion. It is worth remembering that GM's own market cap currently stands at $53 billion.GM Cruise is currently testing its driverless vehicles in California. Alphabet's (NASDAQ:GOOGL, NASDAQ:GOOG) Waymo and GM Cruise make their California road safety reports publicly available. The 2018 data for both companies showed marked improvements over a year ago, increasing speculation that GM Cruise may soon be able to reach commercialization at scale.On Apr. 30, GM reported Q1 2019 earnings that saw profits increase. The group earned $1.41 per share, 30 cents better than what Wall Street was expecting. The company benefited from increased SUV and truck sales, especially considering that they're some of its most lucrative models. General Motors also said that its restructuring and cost-cutting efforts were on track, a development which investors saw as positive for the stock.With a trailing price-to-earnings ratio of 5.7, GM stock is also likely to catch the attention of value investors. In the meantime, its current dividend yield of 4.08% could also make the company an important addition to an income-generating portfolio.Almost a decade ago, General Motors emerged from the ashes of bankruptcy. Yet I expect the next decade to be a lot different and positive for the company. Therefore, I'd consider buying GM not only for its dividends, but for the potential growth in stock price.Since the trade war rhetoric impacts the auto industry too, in the next few weeks, there may be choppiness and even some profit-taking in GM stock. However, as the dust settles, GM shareholders will likely be well rewarded. McDonald's (MCD)Source: Shutterstock McDonald's operates in the fragmented food service industry, which includes competitors like Restaurant Brands International (NYSE:QSR), Starbucks (NASDAQ:SBUX) and Yum Brands (NYSE:YUM). It has over 36,000 restaurants in over 100 countries.McDonald's latest earnings results on Apr. 30 came in better than expected. Group revenues of $4.95 billion topped analysts' estimates of $4.94 billion. Management gave an upbeat outlook on long-term growth and profitability.In addition to the acceleration of U.S. sales, McDonald's stock has benefited from international growth. Comparable U.S. store sales rose 4.5%. Similarly, global comparable-store sales rose 5.4%, mostly thanks to promotions mixed-priced deals, as well as renovated stores.As one of the largest fast food chains around the globe, over 90% of the restaurants are currently franchised. The franchising business gives McDonald's a significant competitive edge as the initial franchise fees and on-going royalties mean high margins. Its operating margins now stand around a healthy 30%. As the franchisees carry the operating costs and business risks, McDonald's does not have to worry about the expenses of running those operations.The group -- globally recognized as "the Golden Arches" -- also collects rent from the franchisees as the company owns most of the properties where the restaurants operate. It leases those out to the franchisees, often at significant markups. It may not be wrong to say that the company is in the real estate business as much as food services.As part of its efforts to improve shareholder value, McDonald's has been increasing dividend payments since its first-ever dividend payment in 1976. The next dividend payment of $1.16 per share is expected to be paid out on June 17. The current dividend yield stands at over 2.3%. * 7 ETFs for Healthy Healthcare REITs On May 19, MCD stock price saw an all-time high of $200.36. Year-to-date, the stock is up 12%. Although there might be some weakness and profit-taking in the MCD stock price in the coming weeks, especially around the $200-level, I'd regard any dip in price as an opportunity to go long the shares. The company is a core consumer staples holding for a well-diversified portfolio. Royal Dutch Shell (RDS.A, RDS.B)Source: Mike Mozart via FlickrMy final stock is the oil and gas supermajor Royal Dutch Shell. Investors will note that there are two separate tickers for the company: the A-shares, RDS.A, fall under Dutch law, whereas the B-shares RDS.B are subject to U.K. law. Which one to invest would depend on individual tax considerations regarding dividends. As a U.S. resident, I'd personally prefer the RDS.B stock. However, I'd urge our readers to check with their brokers as well as tax advisors as to which stock would be better suited for their portfolios.On May 2, Royal Dutch Shell released its first-quarter 2019 results which beat analysts estimates. Profit of $5.3 billion was down just 2% year-over-year but compared favorably with the $4.5 billion forecast. EPS came at 65 cents and the results showed an impressive $12.1 billion of cash flow. Management highlighted several projects for 2020 and beyond that are expected to impact growth positively.The group's diversified operations are divided into four main segments: Integrated Gas, Upstream, Downstream and Corporate.Integrated Gas covers the production, marketing and trading of liquefied natural gas (LNG) and gas-to-liquids (GTL) products. This business also manages the New Energies portfolio, such as advanced biofuels, hydrogen and charging for battery-electric vehicles. Many analysts believe that the division will be a key driver of RDS.B's long-term value.Upstream activities include oil and natural gas exploration, field development and production, while Downstream manages Royal Dutch Shell's manufacturing, distribution and marketing activities for oil products and chemicals. Finally, the Corporate segment covers the non-operating activities supporting the group.Demand, supply, quantity and commodity prices all affect the earnings of an energy group. During the quarter, lower oil prices (with an average price of $63) have continued to be a significant challenge across the business for RDS.B. Yet strong contributions from trading helped offset the impact of lower oil prices.And as the U.S. tightens sanctions on Iran while we also approach the summer months, oil prices are heading higher -- Brent crude is now over $72. Any uptick in the price of oil would help increase Royal Dutch Shell's quarterly earnings.Dividends and stock repurchases concern shareholders because they affect investment returns. Royal Dutch Shell has an enviable track record as an income stock. Long-term RDS.B shareholders enjoy a current dividend yield of 5.8%. And that amount looks safe as it has dividend cover of 1.4X. The group has not cut its dividend even once since the end of World War II. The next dividend payment date is June 24.The company also announced that the board had approved a new tranche of share repurchases and will now buy back $2.75 billion in shares before July 29.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post 3 Dividend Stocks to Buy for a Portfolio That's Built to Last appeared first on InvestorPlace.
Maven is a peer-to-peer car-sharing service that allows GM owners to rent out their personal GM vehicles that are a model year 2015 or newer.
Maven, General Motors' car-sharing service, is being shut down in about half of the 17 North American markets it operates. The company wouldn't say Tuesday where Maven will continue to operate, but it confirmed that it's pulling out of New York and Chicago. GM said in a prepared statement that it's not scrapping Maven, but rather concentrating on markets where it has the strongest demand and growth potential.
During the event, GM recognized 133 of its best suppliers from 15 countries that have consistently exceeded GM's expectations, created outstanding value or introduced innovations to the company. This is the second consecutive year that Jack Morton has received the award. "We hold our suppliers to a high bar," said Steve Kiefer, GM senior vice president, Global Purchasing and Supply Chain.
Based on the order guide, CarsDirect reports that the Buick Encore, Buick's most popular model by far, will lose one of its two engines. It will slide into the lineup between the $23,200 Encore and $31,995 Envision.