38.24 -0.05 (-0.13%)
Pre-Market: 9:22AM EDT
|Bid||38.10 x 800|
|Ask||38.20 x 4000|
|Day's Range||38.26 - 38.77|
|52 Week Range||31.92 - 46.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.52 (4.02%)|
|1y Target Est||N/A|
China is slashing tariffs on imported cars and auto parts from 25% to 15%. Yahoo Finance’s Alexis Christoforous and Editor-in-Chief Andy Serwer discuss what it means for trade.
Last week, Tesla stock (TSLA) fell sharply by 8.1% to $276.82 against a 0.5% drop seen in the S&P 500 Index. In the previous week, TSLA stock rose 2.4%. Tesla began the second quarter with optimism, and its stock recovered by 10.4% in April after witnessing the massive decline of 22.4% in March. TSLA ended Q1 in negative territory with 14.5% losses. In Q1 2018, auto stocks (XLY) General Motors (GM), Ford (F), and Harley-Davidson (HOG) fell 11.3%, 10.3%, and 15.7%, respectively.
As talks for the North American Free Trade Agreement trudge onward, Canadian banking giant Canadian Imperial Bank of Commerce has made adjustments in its investment portfolio. The changes seem to suggest that the bank is more optimistic that the U.S. will smooth disputes with China—and that President Donald Trump’s ire will cool—more easily than with its Nafta partners. CIBC (CM) more than tripled its holdings in Apple (AAPL) in the first quarter, and raised its Amazon.com (AMZN) investment sevenfold from the end of 2017.
Last week, Fiat Chrysler stock (FCAU) fell 3.7% to settle at $21.86. In the previous week, the stock lost ~1%. April proved to be a good month for FCAU, as its stock recovered 6.4% after falling in the previous two months. As of May 21, the company has delivered 2.3% MTD (month-to-date) positive returns as compared to 3.2% gains in the S&P 500 Index. Now, let’s find out what could be hurting FCAU’s stock in May.
Steel demand is among the key indicators investors should track. The construction and automotive sectors are the two largest steel end consumers. In this article, we’ll discuss how US steel demand is shaping up.
Brazilian truck drivers on Tuesday vowed to extend their protest against high fuel prices into a third day despite a government compromise to cut a fuel tax, threatening to slow economic activity and interrupt exports of grains and other goods. Thousands of trucks were parked to obstruct major roads as the protests interrupted traffic along a major soy shipping route in the grains state of Mato Grosso and impeded access to the country's two main export ports, Santos and Paranaguá.
General Motors Company (NYSE:GM), a large-cap worth US$53.69B, comes to mind for investors seeking a strong and reliable stock investment. Risk-averse investors who are attracted to diversified streams of revenueRead More...
GM and most auto stocks rose amid news that China will reduce import tariffs on autos and auto parts. But Tesla, which should be a big winner, fell sharply.
The largest US auto parts retailer by store count, AutoZone (AZO), released its fiscal Q3 2018 earnings today before the market opened. The company’s third fiscal quarter covered the 12 weeks that ended on May 5. AZO’s third-quarter adjusted earnings rose 17% year-over-year to $13.42 per share, beating Wall Street’s consensus estimates of $12.97 per share.
On Tuesday morning, automakers woke up to some good news: China would lower its import taxes for automobiles. The country pledged to lower its import tariffs down to 15% from 25% for passenger vehicles, while import tariffs on auto parts will be set at 6%. Given that Ford, GM and many other foreign automakers already have operations in China, the lowered import tax likely won't have a major impact on earnings.
Self-driving cars are one of the hottest spaces in the technology sector in 2018 and, not surprisingly, that's translating into some equally hot price action in the companies behind the tech. As I write, scores of technology and automobile companies are scrambling to develop advanced autonomous vehicle programs before their rivals have a chance to bring them to market. Leading things off is chipmaker Nvidia Corp.
Advance Auto Parts (AAP) released its fiscal Q1 2018 earnings today before the market opened, which covered the 16 weeks up to April 21. On the negative side, Advance Auto Parts’ first-quarter sales continued to disappoint investors with a negative trend for the third consecutive quarter. In the first quarter, the company’s net sales fell 0.6% year-over-year to $2.87 billion, also worse than Wall Street’s consensus estimates of $2.91 billion.
Palladium’s movement often diverges from that of other precious metals. Palladium rose 0.5% on Monday, despite other precious metals falling. Palladium often follows the industrial side of the market. About 80% of industrial palladium is used for catalytic converters in automobiles. With easing US-China tensions, the possibility of higher industrial demand in China has risen. The country’s car sales are improving, and China is a big market for General Motors (GM), Ford, and many other multinational brands. In 2017, China (FXI) sold ~27. ...