|Bid||118.10 x 800|
|Ask||135.00 x 800|
|Day's Range||123.15 - 124.04|
|52 Week Range||111.12 - 135.57|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||7.54|
|Forward Dividend & Yield||3.52 (2.85%)|
|1y Target Est||145.03|
Big automakers are slowly but surely catching up with Tesla in their attempt to make better and more sustainable electric vehicles, and one type of battery seems more ‘solid’ than others
Following the positive trend in the broader market, auto stocks rallied last week. In the third week of June, General Motors (GM), Fiat Chrysler Automobiles (FCAU), Tesla (TSLA), and Ferrari (RACE) surged 3.5%, 4.7%, 3.2%, and 6.1%, respectively. Meanwhile, Ford Motor Company (F), Toyota (TM), and Honda (HMC) rose 0.1%, 0.4%, and 2.0%, respectively.
The top model in the Cars.com annual American-Made Index is a longtime U.S. make that’s part of an international ownership team.
The inclusion of Mengniu as a sponsor for Olympic Games corroborates the 'Look East' policy of IOC and represents a marked shift in its sponsorship program.
PLANO, Texas , June 24, 2019 /PRNewswire/ -- Toyota Motor North America (TMNA) today announced that Cooper Ericksen will be promoted to group vice president, product planning and strategy, effective Aug. ...
Plug Power (NASDAQ:PLUG) has had a long and unsuccessful run on the capital markets. Plug stock started trading in 1998 around $120 per share (split-adjusted) and ran up to as high as $1,500 per share over the next couple of years.But the price collapsed shortly thereafter and has never recovered. Shares dropped under $10 in 2008, and PLUG stock would fall to as low as 13 cents earlier this decade. In 2014, PLUG stock briefly spiked to $10, but that rally failed as well and shares are back down to $2 now.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is a classic sort of boom and bust trading pattern of many small NASDAQ companies. They labor on for many years, hoping to commercialize some new or improved technology with limited success.Plug Power fits the mold. It has been able to generate a fair amount of revenue over the years. But it has never reached a point of achieving consistent profits; in general, its margins have been too low for the business to ever take off. * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 Huge Ongoing LossesDespite scaling up its revenues dramatically, there is little evidence that Plug Power is about to become a viable profitable business. From 2013 to 2018, Plug Power has increased its revenues from $25 million to $175 million. Gross profit, however, only flipped from a small loss to a gain of $2.6 million in 2018.Normally, if revenues go up sevenfold, you'd expect it to do more for your profit margins. Making $2.6 million in profit on your goods sold off of $175 million is rather lackluster.The company spends about $40 million per year on overhead. On top of that, it is spending around $30 million per year on R&D. Thus, while it only makes a gross profit of less than $3 million, it has more than $70 million in other costs that it has to fund each year to keep the business operating and competitive.Throw in more expenses, such as interest on the company's rising debt load, and annual losses approach $100 million per year. This figure has been spiking upward recently, even as revenues have gone up dramatically.As such, there's simply not much evidence that Plug Power's current business model is anywhere close to a trajectory needed to eventually become a solid business for PLUG stock owners. Hydrogen Still Is an Issue for Plug PowerThere are niche markets where hydrogen fuel cells are already practical products with viable use cases. But much of the enthusiasm for this sort of stock comes from the idea that hydrogen is going to go mainstream. Some folks, such as the people who publish Capitalist Exploits suggest that hydrogen is about to take off.They say hydrogen stocks will boom over the next five to ten years and investors have to get in now before the market surges.I don't buy their argument. If you read the full report, much of it is about the potential for future hydrogen fuel cell usage in mass markets such as transportation vehicles. But this market has already existed, to a limited extent, for the past decade and is showing little sign of reaching an inflection point now.If anything, electric vehicles are making it harder for hydrogen to take off. How many alternatives to internal combustion engine vehicles is the market going to support at once?It's worth considering that we've seen this movie before. A decade ago, billionaire Boone Pickens heavily pushed natural gas-powered vehicles. The Clean Fuels (NASDAQ:CLNE) company was a multi-billion market cap outfit that intended to take natural gas cars mainstream. It didn't work out, however. Despite natural gas fuel being both cheaper and cleaner than gasoline, the savings weren't sufficient to cause a mass shift.Hydrogen faces many more obstacles than natural gas did in trying to go mainstream. Hydrogen is more dangerous - see this station blowing up recently, for example, which led Toyota (NYSE:TM) to stop selling its hydrogen models. Stations using hydrogen cost much more to build than gas stations or electric charging facilities. And outside of a few markets like California, there isn't enough hydrogen infrastructure in place. PLUG stock could get a big boost if hydrogen vehicles get popular. But I'd bet heavily that they won't over the next few years. PLUG Stock VerdictCompetitor FuelCell Energy (NASDAQ:FCEL) got rid of its CEO and hired a restructuring firm earlier this month. That strongly implies the possibility that FuelCell will be going bankrupt shortly. That's even with them announcing a new deal with ExxonMobil (NYSE:XOM) recently. FCEL stock is down to 22 cents, and has lost 99% of its value over the past year.FuelCell's collapse has served as another reminder of the difficulty of taking hydrogen mainstream. There's a huge difference between having a cool technology that works in a lab, and having something that you can sell in the mass market profitably.Now, Plug Power isn't about to follow FuelCell's path. At least not yet. Plug Power's market cap is still over $500 million, meaning that it has plenty of ability to keep issuing new shares to fund its ongoing losses. Still, one must wonder how long the market will keep tolerating Plug Power's unending string of massive cash burn.After twenty years on the public markets, it's increasingly hard to think that the company's business model will ever turn into a significant success for its shareholders.At the time of this writing, Ian Bezek owned XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post Revenue Numbers Aside, There's No Good Reason to Buy PLUG Stock appeared first on InvestorPlace.
No matter where you stand on the automotive spectrum -- foreign or domestic -- the industry itself is undergoing significant changes. Unfortunately for General Motors (NYSE:GM), a lot of the changes aren't beneficial for GM stock. Although shares are up 14.5% year-to-date -- compared to a 10.4% gain in the Dow Jones Industrial Average -- the company faces strong headwinds.Source: Shutterstock Now, another distraction threatens to disrupt the General Motors stock price. For the fourth straight year, GM is appealing to federal oversight agencies to avoid recalling their cars due to deadly Takata air bag inflators. While the sentiment is certainly understandable -- no one wants to deal with such massive liabilities -- this move is risky.Here's the reality with the automotive industry: no one manufacturer is perfect. The paragon of reliability, Toyota (NYSE:TM), has incurred several high-profile recalls that detracted from its hard-earned image. And Japanese companies in general have a reputation for quality, but again, this is not a 100% accurate pronouncement. After all, Takata is a Japanese company.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks Ready to Bounce on a Trade Deal But evidence exists that consumers (and investors) are willing to forgive these defects, so long as companies take responsibility quickly. According to Zacks, major recalls don't necessarily spell doom for automakers. That's the good news for GM stock.The not-so-pleasant news for the General Motors stock price is that consumers expect action and accountability. In 2014, GM recalled vehicles that suffered from an ignition-switch defect. Initially, management stalled for time. Eventually, though, the company cleaned house at the highest level. They also set up a $675 million victims-compensation fund.GM stock recovered relatively quickly from the scandal, probably in no small part to the strong compensatory measures. But with these Takata air bags, GM is going in reverse. Self-Imposed Race Against Time Hurts GM StockI'm not seeing the upside for either the automaker or the General Motors stock price. The public already knows about the problem as Takata air bags have dominated the headlines for years now. By avoiding the issue, GM saves some costs today, but risks bankrupting its tomorrow.Moreover, the pressure is two-fold. First, Takata used a volatile chemical to catalyze the air bag-deployment process. However, high humidity and hot temperatures can cause the chemical to deteriorate. Potentially, this results in shrapnel exploding inside the cabin during a deployment, severely injuring or killing drivers and passengers.Obviously, the passage of time -- more instances of heat and humidity -- don't help matters. GM footdragging on this crisis could hurt its reputation, sinking GM stock.The second pressure point is Takata. Having incurred more liabilities than is possible to pay back, Takata filed for bankruptcy protection in the U.S. and Japan. But rather than a complete dismantling of the organization, the dissolution will occur in stages.That gives time for Takata to help support liability cases and assist the recall process which benefits General Motors stock. However, the underlying company must act quickly to advantage Takata's support.Eventually, all of this reaches a conclusion. After that, Takata will not exist, and that means zero support from that point forward. * 7 Value Stocks to Buy for the Second Half From the consumer's perspective, that doesn't really matter. Affected automakers have an obligation to repair their Takata-air bag equipped vehicles. But some problems may not become apparent until years down the line, well after Takata is gone. Then, automakers will have to repair their cars without Takata's critical input. That's a huge risk for GM stock, which hasn't gone anywhere since the fall of 2017. Recalls a Kick in the Teeth for General Motors StockStill, I concede one reason why management seeks its recall exemption: the air bag crisis directly impacts GM's flagship vehicles.If the company didn't appeal, the recall would affect multiple variants of the Chevrolet Silverado, along with this year's GMC Sierra heavy-duty pickup truck. Additionally, air bag risks exist with certain years of Chevy Tahoe and Suburban SUVs, along with GMC Yukons and Cadillac Escalade SUVs.In other words, we're talking about the big money makers for GM stock. American cars have all but given up making sedans, having lost too much ground to Japanese automakers. Where domestic cars remain relevant is with big trucks and SUVs.That's why it's absolutely vital for GM to protect their image here. If they start sending out recall requests to millions of owners, they might not get return business.However, it's still the wrong play. GM already learned its lesson with the ignition-switch defect: get right with the public or face its wrath. That they're blatantly ignoring past mistakes makes me concerned about General Motors stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post General Motors Air Bag Footdragging Adds Unnecessary Risk To GM Stock appeared first on InvestorPlace.
Akio Toyoda over the years has professed his love for speed and racing, which is noteworthy because Toyota, the company Toyoda helms, has for many years been most known for making beige and boring automobiles. If you're still in doubts of Toyoda's latest efforts and claims, what he's about to do may just change your mind. Coming up this weekend is the world-renowned annual ADAC 24 Hours of Nürburgring and of course, Toyota's Gazoo Racing team will be participating, particularly with racing specification GR Supras.
Woe to those who left Snap Inc (NYSE:SNAP) for dead. After almost two years of an extended trend downward, SNAP stock has revitalized itself and turned a corner.Source: Shutterstock There was a time when investors who were long SNAP stock were embarrassed to discuss this holding publicly, as so much disdain was held for this particular tech stock. There were a series of missteps in the early days that led to SNAP stock price plummeting shortly after its IPO pop. User growth deceleration, a voting structure that was very unfriendly to shareholders, issues with its Android app, and subsequent executive departures all contributed to SNAP stock price dropping more than 50% and trading down to $5 a share. * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 But those same owners of Snapchat stock are the ones standing tall now. SNAP stock price is up over 165% this year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe shares have been on a huge run, rivaling the performance of recent IPOs. With a number of new services including Snap Games and original premium content directed specifically at mobile-device users, it looks like the best is yet to come for Snapchat stock. Where SNAP Is NowWith 190 million Daily Active Users (DAUs), it would be a mistake to dismiss SNAP as a fad. The user base skews quite young, but that highly targeted audience is the proverbial nectar for the bees that are advertisers.Snapchat reaches 90% of all 13-24 year-olds and 75% of all 13-34 year-olds in the U.S.Even though SNAP has a disadvantage to the likes of Facebook, Inc. (NASDAQ: FB) in terms of advertising capabilities, that has changed markedly with the improvement of its interface and incremental technological upgrades.SNAP has successfully upgraded and enhanced its Ads Manager to make it more friendly to marketers. Features like target- cost bidding, bulk uploading capabilities, bulk editing and cloning, and the expansion of location categories to the U.K., Canada, and France are all major steps that will ultimately improve its top line. Additionally, its Reach & Frequency product now allows for one-day ad buys (the previous minimum was three) and has similarly undergone geographic expansion.These are all extremely positive signs.An example from SNAP's first-quarter earnings conference call shows that the company is attracting huge advertisers:"Toyota Motor Corp (NYSE:TM) ran a sophisticated campaign across our various video and AR products to promote the Corolla Hatchback among Millennials. Snapchatters engaged with the ads, watching more than 90% of their Commercials on average, and playing with their Lenses for more than 10 seconds each on average." SNAP's New Products Will Drive MonetizationThere is a lot of potential in the new slate of Snap Originals, the company's premium, mobile shows created exclusively for Snapchat's audience. SNAP now offers more than 450 premium content channels worldwide and in the first quarter, launched over 50 new Shows and Publisher Stories in international markets.The premium content and Snap Games will continue to bring users back to the platform, increasing their stickiness and making SNAP more than just a camera-centric company. More importantly, new products mean new monetization opportunities e.g., video advertising. The Bottom Line on SNAP StockA lot of people, especially those over 30, are still inclined to dismiss SNAP as a fad for youngsters. However, there are pockets of value within a company that has worked through a lot of its initial missteps.There is so much room to monetize SNAP's captive and targeted user base, and it looks like the company is finally showing signs of doing so by improving both the product side and the advertising platform. Those trends will definitely be positive for SNAP stock.As of this writing, the author did not own shares of any of the stocks named. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post The Best Is Yet to Come for Snap Stock appeared first on InvestorPlace.
With the market-wide adoption of the electronic parking brake, manual handbrakes have largely become part of history, as well. Toyota recently revived the handbrake, however, in an unexpected custom car built to drift – or, more accurately, slide. Toyota team member and paralympic track and field athlete Jarryd Wallace wanted to create a surprise experience for his dad Jeff Wallace for Father's Day.
Lexus is back at it with innovative lighting technology. The BladeScan module inside the Lexus lights holds the number of LEDs down to 10 on each side of the RX, which Lexus says is a more cost-effective solution. In fact, BladeScan uses fewer LEDs than Lexus' most recent adaptive high-beam system, which has 24 LEDs on each side.
Two automakers could strengthen their partnership with a revamped vehicle, according to a new report.
In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor Alex Kierstein and Senior Editor, Green, John Snyder. This week, they talk about driving the BMW 8 Series Coupe, Jeep Wrangler Rubicon and Toyota Corolla Hatchback.
Japan's Best Car magazine has what appears to be a whopper of a rumor. The mag said it scooped Mazda's development of a straight-six engine that Mazda only revealed in March, the carmaker having buried the information in a financial statement. The first appearance for the straight-six, predicted to come in at a hair under 3.0 liters, is the Mazda Atenza/Mazda6 successor coming around 2022.
Navistar (NAV) to invest $125 million in new manufacturing facilities at its Huntsville, AL-based engine plant. Ford's (F) recall worry continues.
The IIHS has finally crash tested the 2020 Toyota Corolla sedan, and it has earned the organization's second highest commendation of Top Safety Pick. It matches the hatchback that was tested earlier, meaning all versions of the Corolla have this high safety rating. Getting the car to the Top Safety Pick rating are excellent crash test results.
One of the masterminds behind the breakthrough of electric vehicles, Wan Gang is now focusing on the penetration of fuel cell vehicles in China
Hong Kong’s Hang Seng Index, which has been under severe pressure this quarter, was the best performing Asian index on June 19 with 2.56% gains. The index recorded its third consecutive gain.
Saudi Arabia began courting Toyota two years ago to build a large car plant as part of Crown Prince Mohammed bin Salman's grand plan to wean the kingdom off oil revenues and create jobs for young Saudis. Failure to do so would be a setback for Prince Mohammed, coming after the listing of oil giant Saudi Aramco was shelved and the killing of journalist Jamal Khashoggi tarnished the kingdom's image. "Nobody would say 'No, full stop' ... but they politely conveyed they're not interested," said an industry source familiar with the Toyota talks.
Saudi Arabia began courting Toyota two years ago to build a large car plant as part of Crown Prince Mohammed bin Salman's grand plan to wean the kingdom off oil revenues and create jobs for young Saudis. Securing a deal with a major automaker by 2020 for a car plant is a key target in the Gulf state's national industrial strategy, part of a broader agenda to diversify the economy of the world's largest oil exporter. Failure to do so would be a setback for Prince Mohammed, coming after the listing of oil giant Saudi Aramco was shelved and the killing of journalist Jamal Khashoggi tarnished the kingdom's image.
"The types of developments our clients are looking for, Aureum fits that to a tee," says developer with a client roster including J.P. Morgan, Liberty Mutual, Toyota, State Farm and defense contractor Raytheon.
Lexus has updated its GX 460 SUV for 2020. The GX 460 is one of the longer-running SUV models on the market, as it was originally unveiled around a decade ago and it's still based on the sturdy Toyota Land Cruiser Prado, which is a touch more compact than the U.S. market Land Cruiser. The refresh gives the model some new touches to keep it in line with other current Lexus products, including a more contemporary spindle grille and new headlights, but it's restyled along the same moderate lines as the previous updates the GX 460 has received during its tenure.