|Bid||35.12 x 800|
|Ask||35.12 x 3200|
|Day's Range||34.88 - 35.42|
|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|
When President Donald Trump visits Japan, he'll be able to point to Tokyo's streets to drive home a sore point in trade relations between the allies: the absence of made-in-USA vehicles. The $70 billion Japanese trade surplus with the U.S. is dwarfed by China's $379 billion surplus, and the trade tensions between Washington and Tokyo are far less contentious than the tariffs war with Beijing. Prime Minister Shinzo Abe has carefully courted Trump since before he took office and their cordial, golfing-buddy relationship has helped keep relations on an even keel.
Ten years into the race to build self-driving cars, many developers, analysts and even venture capital firms say robot cars won't go mainstream for at least another decade, maybe longer.
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. Gentex is a leading supplier of digital vision, connected car, and dimmable glass technologies for the global automotive industry. The Company is a long-time supplier to General Motors.
Uber's (NYSE:UBER) IPO was not greeted with the type of optimism that investors were hoping for. Even after seeing the decimation that Lyft (NASDAQ:LYFT) has gone through since its IPO, many were assuming the underwriters would have learned their lesson. It didn't help that Uber stock came to market amid a tough week (and tough trading session) as trade-war worries intensified.Source: Shutterstock That said, Uber only briefly traded at its $45 IPO price on its first day of trading. It tagged this level and reversed lower. On the second day of trading, shares closed just over $37, down over 17% from its IPO price in two days. What's going on?There were reports about a $120 billion valuation for Uber before its IPO. Even though that seemed rich, many assumed $100 billion was attainable for Uber stock. After Lyft's flop (shares are still down ~36% from its opening price) the Uber IPO was being priced "conservatively," between $44 and $50 per share. Shares ultimately priced at the lower end of the range and have traded lower since. Right now, Pinterest (NYSE:PINS) might be a better pick than either of them.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend Absent of day one, Uber stock price has not hit its IPO price. Near $41.50 now, shares command a market cap of about $70 billion. You know what this reminds me of? Facebook (NASDAQ:FB).Facebook went public at $38 per share. That's where the stock closed on its first day of trading and it proceeded to trade lower over its first year as a public company. I don't know if Uber will do the same thing, but I could certainly see a scenario in which that's the case.There's two sides to that coin though. On the bearish side, Facebook stock was cut in half in its first three months of trading and continued to probe those 50% losses for another three months after that. On the flip side though, FB is now up 10-fold from its post-IPO lows.For Uber], that would mean falling from its $45 IPO price to about $20 to $22. That would create quite a few headlines, but it would also create quite the potential opportunity. Is Uber Stock the Next Facebook Stock?However, there's a big difference between Uber stock and Facebook: The latter was actually profitable.In 2011 the year leading up to Facebook's May 2012 IPO the company churned out net income of $668 million. In the two years after its IPO, it generated $1.49 billion and $2.9 billion in net income, respectively. Essentially Facebook was (and still is) a profit machine. It generates immense cash flow on mind-boggling margins. That's led to a fat bottom line and one of the healthiest balance sheets in public markets.Uber stock had an operating loss of $3.85 billion in fiscal 2017. That figure shrank to "just" $2.83 billion in 2018, but still presents an issue. How do we assign a $70 billion valuation to Uber when its losing several billion dollars per year?When Facebook hit the $70 billion mark on its upswing in 2013, the company was on its way to a ten-figure bottom line. Worth noting is that analysts expect Uber's losses to persist both this year and in 2020. That said, revenue growth is impressive. Revenue of $11.27 billion in 2018 grew 42.1% from the $7.93 billion in sales in 2017. Estimates call for $13.95 billion in sales this year (+23.7%) and for $17.73 billion in 2020 (+27%). Click to Enlarge The Bottom Line on UberI'm struggling to get behind Uber stock right now. The explanations are pretty simple. First, I don't have a reasonable comparison to Uber. Well, besides Lyft. You see, Facebook isn't a very good comparison because the businesses are completely different. I compared the two because they are both well-known, high-profile tech companies and the disappointing reaction to the IPOs are quite similar.That said, if the only comparison to Uber is Lyft, which went public about a month earlier, we don't have a very good profile of public companies to compare Uber to. This ties into my other reason I struggle with Uber: Valuing it. Essentially, Uber is burning a hole in its bank account with its current business model.It's in a price war with Lyft and other ride-hailing businesses and until we get some clarity around how it will become profitable, I just don't know how to value it.At the end of the day, Uber has changed the transportation game. It's created a mobility-as-a-service platform that's disrupting everything from Hertz (NYSE:HTZ) to General Motors (NYSE:GM) to traditional taxi services. For some, maybe they can buy Uber with a 10+ year outlook and say they don't care about today's prices. That's fine. But for me, the story isn't clear enough and I'd rather wait.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long PINS. 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 It's a Dicey Proposition, but Uber Stock Could Be the Next Facebook appeared first on InvestorPlace.
I don't know what Disney (NYSE:DIS) CEO Robert Iger does day to day. However, I'm sure one of his actions over recent weeks involved a face-palming. That's because DIS stock, which is in the middle of a critical pivot, now faces a possibly severe headwind.Source: Baron Valium via FlickrMaking headlines throughout the world is the ongoing and escalating U.S.-China trade war. It's taken a lot of companies like Disney by surprise. Just a month ago, the tea leaves suggested that a resolution was imminent. Both Washington and Beijing agreed to hash out their differences.But a sharply worded Twitter (NYSE:TWTR) posting from President Trump -- is there any other kind? -- scuttled optimism. As usual, the former real-estate mogul doubled down on his about-face sentiment. Fearing losing face to its citizenry and the international community, China pushed back. The trade war is back on, and so, too, are concerns for the Disney stock price.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Stocks to Buy for Anxious Investors For Iger, the situation must be doubly frustrating. He sat on Trump's business council two years ago and was among the execs who advised the President against igniting an all-out trade war. Interestingly, DIS stock was incredibly choppy until relations appeared to smooth out.Now, Iger is exactly where he begged the business gods not to place him in. Like a pivotal point in a Marvel action movie, just when DIS stock gained decisive momentum off its Disney+ streaming platform, shares have slammed into a wall.With competition expanding in the broader entertainment arena, China presented a glowing opportunity. A country four times the size of the U.S. population, the Asian juggernaut was a license to print money.But before giving up on Disney stock, here are three things to consider: DIS Stock Levers "Status Symbol" BrandsOn the surface, a trade war would spark a nationalistic fervor in China against the "imperialist" Americans. Building off the uproar, the Chinese government will urge (or force) its citizens to boycott all U.S.-made goods and services. Naturally, this would hurt the Disney stock price.In reality, I think the reaction toward a company like DIS will be much more nuanced. I say this because social status in China remains an important factor in everyday life.For instance, when we go grab a quick bite to eat at Pizza Hut or McDonald's (NYSE:MCD), we don't think twice about it. But in China, the situation is much different. If you want a slice at Pizza Hut in Xiamen -- owned by Yum China Holdings (NYSE:YUMC) -- you better get a reservation. I'm not kidding!Like the historical impact of the first McDonald's opening in the Soviet Union, the Chinese still have fond memories of western integration. In my view, this helps Disney stock. The underlying brand represents America in ways other brands can't quite capture.As far as status goes, it's an incredible luxury for an average Chinese family to visit Shanghai Disneyland. So, I'm not overly worried about the trade-war impact here. Disney Stock and That Content EmpireAnother area that deteriorating U.S.-China relations can't touch is Disney's content. Quite simply, the Magic Kingdom has plenty of it, and most of these licenses are extremely lucrative.If you follow my writing on InvestorPlace, you'll know that I'm generally bullish on streaming giant Netflix (NASDAQ:NFLX). Even with DIS getting into the mix, I'm still optimistic on NFLX because of its powerful original content.Admittedly, though, DIS is taking out Netflix's initial advantage of going first to market with the streaming platform. Moving forward, the two will compete head-to-head mostly on content, which is Disney's strength.Further favoring the Disney stock price is the changing nature of the entertainment consumer. With the mainstreaming of geek culture, most of today's successful movies are science-fiction fare or based on comic books.Of course, this is a huge boost for DIS stock because the underlying firm owns the Star Wars franchise. That is a real license to print money, trade war be damned! And when the hotly anticipated Star Wars: The Rise of Skywalker hits theaters later this year, I expect record-breaking sales. That includes both domestic and Chinese box offices. Disney is America's Corporate AmbassadorIf tensions get worse -- and that's more than likely -- I can see the Chinese boycotting expensive American goods. I don't think it's any coincidence that General Motors (NYSE:GM) and Ford Motor (NYSE:F) suffered sharp declines recently.American car companies are on life support. They're only hanging on because of Chinese demand. Surely, the communist government knows this, and they'll go after GM and Ford. By stabbing Detroit in the jugular, China can hand the U.S. a permanently ignominious defeat.But attacking Disney? I don't see it, primarily because this is the most inoffensive brand ever. For one thing, its content, products, and venues appeal to the widest audience possible. Second, Disney is a very diverse brand. Specifically, they're Asian-friendly, which is somewhat important when you're trying to court Chinese viewers.Lastly, we go back to Bob Iger and his short tenure on the President's business council. After hitting the wall that is Trump's ear canal, which helps funnel verbal cues to the President's brain, Iger quit. But in doing so, he may have endeared himself to the Chinese. As luck would have it, this may turn out to be the best move ever.As of this writing, Josh Enomoto 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 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post 3 Reasons Why Disney Stock Could Avoid Becoming A Trade War Casualty appeared first on InvestorPlace.
In one of his first interviews after being elected US president, Donald Trump bemoaned the proliferation of Mercedes-Benz cars on New York’s Fifth Avenue. What Mr Trump did not know, or acknowledge, is that Mercedes-owner Daimler has one of the highest-value car plants in the US.
Detroit-based Maven Drive LLC’s Maven Gig service launched in the Phoenix area in August 2017 giving local people options if they didn’t have a car or needed a newer car to qualify to drive for one of the ride-hailing services in the region.
Investing to "buy and hold" is trickier than it looks. The increasing pace of technological change means even the most successful, dominant companies have to continually adapt to keep up. Industries like energy, real estate and even consumer products are facing potentially significant long-term changes going forward. In any era, amassing a collection of retirement stocks simply by buying the best companies and holding them for years can be a risky endeavor.General Motors (GM) was a classic "widows and orphans" stock until last decade, when GM wound up going bankrupt. United States Steel (X) once was a pillar of corporate America and a buy-and-hold stock. GM shares basically haven't moved in a quarter of a century. Polaroid and Eastman Kodak were once blue-chip stocks. Both went bankrupt as cameras changed from film to digital.But there still are stocks to buy and hold out there that can last forever, while offering dividend income along the way.Here are ten such retirement stocks to hold forever. SEE ALSO FROM KIPLINGER: 19 Best Retirement Stocks to Buy
"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.
"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.
The company revealed its plans to show the 2020 Cadillac CT5-V and the CT4-V in an announcement about 15 years of the V brand. With the CT5-V, a return of a supercharged pushrod V8 seems possible considering the CT5 is based on the Alpha platform that also underpins the Camaro. Cadillac's former CEO said that other cars getting the engine will have it 500 horsepower and 553 pound-feet of torque.
GM is the latest to get caught in emissions nettles, the Detroit carmaker forced to delay the launch of its new Duramax 3.0-liter inline-six diesel for the Chevrolet Silverado 1500 and GMC Sierra 1500. A GM spokesman told Motor1, "[We] did not attribute [the delay] to a single entity, as the truth is this is a collaborative effort between GM and several government entities.
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.
It appears to have dropped the sobriquet "Global B," but General Motors' new electrical architecture has bowed in drawings and video. This is the "digital vehicle platform" GM president Mark Reuss spoke to Reuters about in 2015, saying it would move a great deal of a vehicle's computer work to the cloud and enable over-the-air updates. The system will go into production later this year, appearing in dealerships first either on the 2020 Cadillac CT5 or the mid-engined 2020 Chevrolet Corvette.
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.
The auto giant foresees a time when people will summon a self-driving car--owned, perhaps, by GM--instead of buying and maintaining their own vehicles.
It's going to be easier and cheaper to get the 6.2-liter V8 in the 2020 Chevrolet Silverado than it was last year. Chevy just announced expanded availability of the top-of-the-line V8 to three new trim levels. Previously, it was only available as an option on the LTZ and High Country, which lean heavily into the luxury truck world.
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.
We're less than two months away from the reveal of the long-awaited mid-engine 2020 Chevy Corvette. The C8 has been roaming around for years at this point, shedding more and more camouflage and yet we know next to nothing about the car beyond the basic shape and a few blurry shots of the car's interior.
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.