|Bid||35.22 x 3100|
|Ask||35.44 x 21500|
|Day's Range||35.16 - 36.49|
|52 Week Range||33.44 - 46.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018|
|Forward Dividend & Yield||1.52 (4.44%)|
|1y Target Est||45.68|
Former GM Vice chairman Bob Lutz blasted Tesla, claiming the company is 'headed for the graveyard.' Yahoo Finance's Seana Smith, Dion Rabouin and Andy Serwer discuss.
The trade war with China is hitting the car industry raising costs of everything from tires, to brake pads and engines. Yahoo Finance's Seana Smith, Dion Rabouin, Andy Serwer and Shawn Snyder, Head of Investment Strategy at Citi Personal Wealth Management.
Ford Motor Company’s (F) F-Series pickup trucks have been America’s best-selling trucks for over four decades. Despite the company’s increasing focus on electric vehicles (IYK) and autonomous vehicles, its stock has underperformed its peers in 2018 so far. In 2017, Ford stock inched up by 3.0%, while its direct peers General Motors (GM), Fiat Chrysler Automobiles (FCAU), and Toyota Motor (TM) rose ~17.7%, 96.4%, and 8.5%, respectively.
If Ford (NYSE:F) stock was a car, it would be…an Edsel. There’s something else: Ford must deal with the technological disruptions in the auto industry. Keep in mind that the company’s CEO, James Hackett, has been making bold moves.
According to the data compiled by Reuters as of September 20, only ~19% of analysts covering Ford Motor Company (F) have given it “buy” recommendations. A total of 71% remain uncertain and have recommended “holds” on the stock, while the remaining 10% of analysts have recommended “sells.”
AutoZone’s (AZO) results are mainly divided into two business segments: DIY (Do It Yourself) and Commercial, also referred to as DIFM (Do It for Me). The DIY segment is targeted to retail customers, which yield higher margins for the company than the DIFM segment. Let’s take a look at how the DIY segment performed in the fiscal fourth quarter.
According to recent estimates by Autodata, the seasonally adjusted rate of US light vehicle sales stood at 16.72 million units in August, higher than 16.58 million units in August 2017 but lower than 16.77 million units in July 2018.
The chaos at Tesla (NASDAQ:TSLA) continues. Tesla stock finds itself stuck in a trading range as production glitches, management turnover, falling bond prices, and investigations hamper the equity.Still, the stock price remains at a high level despite the turmoil. If the company can start making money, it could thrive.
AutoZone (AZO) sells auto parts and accessories primarily in the US market, as well as Puerto Rico, Mexico, and Brazil. In 2016, US auto companies (XLY) such as General Motors (GM) and Ford (F) benefited from strong US demand for utility vehicles and trucks. Utility vehicles and trucks tend to be more profitable than automobiles for these manufacturers.
It saves money too: The Marines remanufacture defective drive shafts for light armored vehicles for a fraction of the cost of buying them new.
Here's our first glimpse of the next Chevrolet Tahoe, set to debut sometime next year. The biggest difference we can see is what appears to be an independent rear suspension replacing the longstanding live axle design, similar to shots of the Suburban in May earlier this year. Hardcore truckers might moan, but GM is aiming for enhanced ride quality and comfort here.
Let me stipulate that Tesla (NASDAQ:TSLA) is great, and what it has done is amazing. In less than a decade Tesla has transformed the automotive industry. Its all-electric, high performance cars, designed and built in the USA, outshine anything on the road.
Tesla stock (TSLA) continues to witness high volatility as the third quarter comes to an end. On September 19, the stock increased 4.9% after falling 3.4% in the previous session. The company has seen 12.8% value erosion in the third quarter as of September 19. In comparison, other auto stocks (XLY) including General Motors (GM), Ford (F), and Fiat Chrysler (FCAU) have lost ~9.3%, 11.7%, and 4.7% in the third quarter, respectively.
European Union regulators opens in-depth probe to find out whether there is a possible collusion between top automakers to delay the development of emission technologies.
Have President Trump’s Tactics Started to Yield Results? President Trump announced 10% tariffs on another $200 billion of Chinese goods earlier this week. Meanwhile, China has ruled out currency devaluation amid its trade war with the US.
In week 37, the week ending September 14, Harley-Davidson stock (HOG) fell 0.2% despite the broader market and auto stocks’ (XLY) recovery. Last week, the S&P 500 rose 1.2%, while automakers like General Motors (GM), Ford (F), and Fiat Chrysler (FCAU) gained 2.1%, 1.9%, and 5.7%, respectively. As of September 17, Harley-Davidson stock was hovering in the negative territory on a year-to-date basis with 12.8% losses.
Car makers seeking new revenue streams are offering drivers the ability to preorder coffee or make restaurant reservations on the move, raising safety concerns at a time when distracted driving is already at elevated levels. General Motors Co. late last year became the first major car maker to roll out such services through its Marketplace interface, allowing drivers to order takeout from Applebee’s, pay for gas at a nearby station and make hotel reservations via Priceline.com—all from the vehicle’s touch screen display. Hyundai Motor Co. is developing a similar system that it has tested with Applebee’s and Chevron Corp. gas stations.
A federal judge in New York on Wednesday dismissed a criminal case brought against General Motors Co in 2015 over the largest U.S. automaker's handling of an ignition-switch defect linked to 124 deaths. U.S. District Judge Alison Nathan approved a request filed Monday by federal prosecutors to dismiss the two-count criminal information. In 2015, GM entered into a deferred prosecution agreement with the U.S. Attorney's Office in New York after the Detroit automaker was charged with concealing information from government officials, and wire fraud.
U.S. District Judge Alison Nathan approved a request filed Monday by federal prosecutors to dismiss the two-count criminal information. In 2015, GM entered into a deferred prosecution agreement with the U.S. Attorney's Office in New York after the Detroit automaker was charged with concealing information from government officials, and wire fraud. GM agreed to pay a $900 million fine and accept three years of oversight by an independent monitor.
Cadillac said Tuesday it will expand its V-Series performance sub-brand with the arrival of the CT6-V sedan in 2019 (formerly known as the CT6 V-Sport), with plans to add high-performance variants across its portfolio. The flipside to that expansion is the sunsetting of its two existing V-Series performance cars, the ATS-V (both coupe and convertible) and CTS-V sedan. It will feature Cadillac's new "Blackwing" V8, a twin-turbo engine that displaces 4.2 liters and produces an estimated 550 horsepower and 627 pound-feet of torque, sending it through GM's new 10-speed automatic transmission to drive all four wheels.
In the week ending September 14, Ferrari (RACE) stock turned positive after posting losses the previous week. Last week, Ferrari rose 4.2% after losing 3.2% the previous week. In August, Ferrari stock continued to trade on a weak note for the second consecutive month. As of September 17, the stock has risen 9.9% in the past month.
The stock has been on a roller coaster ride in 2018. The fluctuations have been due to investors’ close attention to Tesla Model 3 production updates and CEO Elon Musk’s bid to privatize the company. In the third quarter, Tesla has fallen 14.0% as of September 17.