|Bid||0.00 x 800|
|Ask||0.00 x 2900|
|Day's Range||102.00 - 104.11|
|52 Week Range||97.10 - 118.13|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.07|
|Expense Ratio (net)||0.13%|
In this series so far, we have looked at Tesla’s (TSLA) Chinese peer NIO’s (NIO) recent stock price action before its ES6 car launch event scheduled for December 15. ES6 is important for NIO’s future success, and the company is hoping to rapidly expand its consumer base by getting a large number of orders for the ES6 car model after its launch. Reuters’ recent data suggests that about 36% of analysts covering NIO stock were recommending a “buy” as of December 13.
In the previous part of this series, we looked at Chinese electric car company NIO’s (NIO) recent stock price movement. Investors’ high expectation from its upcoming vehicle (XLY) launch event on December 15 might be driving its stock up this week after it witnessed a 9.3% drop in the previous week. In this article, we’ll discuss why ES6 is so important for the company.
According to a recent list on the IBC’s (Insurance Bureau of Canada) website, Ford Motor Company’s (F) F-Series trucks are at the top of the list of the most stolen vehicles in Canada so far in 2018. IBC’s data show that the 2007 Ford F350 Super Duty truck is the most stolen vehicle in Canada in 2018.
In the previous part of this series, we explored how Wall Street analysts are rating the top two US auto giants, Ford (F) and General Motors (GM). Analysts’ next-12-month consensus target price for Ford reflects a minor upside potential of only 16.1% from its market price, while analysts expect GM to yield a 31.6% positive return.
According to the latest data compiled by Reuters, 19% of the analysts covering Ford stock (F) gave it “buy” ratings. By comparison, a much higher percentage of about 57% of analysts covering GM stock gave it “buy” ratings. These ratings were based on 21 analysts’ views, which were compiled by Thomson Reuters on December 10, 2018.
Darden Restaurants (DRI) is scheduled to post its earnings for the second quarter of fiscal 2019 before the market opens on December 18. As of December 12, Darden was trading at $105.31, which represents a fall of 10.7% since the announcement of its first-quarter earnings on September 20.
In the previous part of this series, we saw how Ford Motor Company’s (F) F-Series truck US sales have seen a YoY drop in the last three months. In November 2018, Ford sold about 70,564 SUV units, a 4.9% YoY decline. Similarly, the company’s truck sales dropped 2.3% to 89,535 units in November 2018 from 91,601 units sold in November 2017.
In November 2018, Ford Motor Company’s (F) F-Series truck US sales were at 72,102 units, a 0.9% sales decline on a YoY basis. In October, 70,438 units of F-Series trucks were sold in the US, down 7.3% YoY. Moreover, the company’s F-Series sales have tanked by 5.8% YoY in the last three months combined in its home market. Until August 2018, F-Series US sales rose for 16 consecutive months on a YoY basis. August 2018 was also the best August for F-Series sales since 2005.
Ford Motor Company (F) sold 196,303 vehicle units in the US market in November 2018, a 6.9% decrease from its US sales of 210,771 units in the same month of 2017. In October, the company also reported a 3.9% YoY drop to 192,616 units. Nonetheless, Ford’s November sales were higher than Japanese automaker Toyota’s (TM) US sales of 190,423 units and Fiat Chrysler’s (FCAU) sales of 181,310 units.
Ford Motor Company’s (F) stock ended October on a positive note with 3.2% gains despite a 6.9% drop in the S&P 500 Index. This equation reversed in November when Ford lost 1.5%, and the S&P 500 rose by 1.8%. The stock witnessed a sharp recovery after its third-quarter earnings event on October 24. The company’s third-quarter adjusted earnings fell by ~33.0% YoY to $0.29 per share, but earnings were marginally better than Wall Street analysts’ estimates of $0.28. Ford reported about a 3.0% YoY rise in its revenue for the quarter, while its profitability deteriorated. ...
Tesla’s exponentially rising Model 3 production rate has also made Tesla short-sellers lose money. In a recent interview with CNBC, billionaire investor Paul Tudor Jones didn’t seem very happy with Tesla. Jones, while answering a question about automakers (XLY) and focusing on Tesla, said, “They don’t do a great job on worker pay and treatment.
As of December 10, Chipotle Mexican Grill (CMG) was trading at $475.15, which represents a rise of 12.1% since the announcement of its third-quarter earnings on October 25. Chipotle’s stock price was driven by investors’ optimism surrounding its implementation of digital advancements and customer’s positive response to its “For Real” marketing campaign, which started in late September. In the third quarter, which ended on September 30, Chipotle posted an adjusted EPS of $2.16, which beat analysts’ expectation of $2.0.
Since President Donald Trump began his presidential campaign, he has been targeting auto companies (XLY) for cutting jobs and making US auto workers suffer. On many occasions, he has openly spoken out against large auto companies, including General Motors (GM), Ford Motor Company (F), and Toyota Motors (TM), for selling foreign-made vehicles in the US market.
Let’s see where Tesla stock might be headed this time. On December 7, Jefferies upgraded its “hold” rating on Tesla to “buy,” according to a CNBC report. Jefferies also raised its target price for Tesla stock to $450 from $360.
On Vale Day on December 4, 2018, Vale (VALE) said it is getting ready for the coming electric vehicle revolution. Previously, the company had cut back on its volumes in base metals to better align production with market conditions. Nickel, cobalt, and lithium are used in rechargeable batteries in electric vehicles.
In the week that ended on December 7, the broader market turned negative again after seeing a recovery in the final week of November.
On December 7, Tesla (TSLA) posted a daily high of $379.44, not far from its all-time high of $389.61. The last time Tesla was hovering near this level was in August following Tesla CEO Elon Musk’s tweet that said, “Considering taking Tesla private at $420. It’s been some time now since Musk publically slammed Tesla short-sellers.
In the first quarter of fiscal 2019, AutoZone’s gross profit was $1.42 billion, ~3.8% higher than $1.36 billion in the first quarter of 2018. With this, the company’s gross margin came in at 53.7%, higher than 52.8% a year ago and 53.6% in the fourth quarter of fiscal 2018. AutoZone’s fiscal 2019 first-quarter adjusted net profit stood at $351 million, up 25.1% YoY (year-over-year), with a strong net profit margin of 13.3%.
In the previous article, we looked at how AutoZone (AZO) launched next-day delivery in 80 markets in the United States. In the first quarter of fiscal 2019, AutoZone had commercial programs in 4,766 stores in its home market, reflecting a 3.1% rise from 4,622 in the first quarter of fiscal 2018. The company opened 149 new commercial programs in fiscal 2018, slightly lower than AutoZone’s original plan to open ~150 new programs.
AutoZone (AZO) generates revenue by selling auto parts and accessories primarily in the US market, Puerto Rico, Mexico, and Brazil. In the last three years, US auto companies (XLY), including General Motors (GM) and Ford Motor Company (F), have benefited from strong US demand for utility vehicles and trucks.
Tesla (TSLA) started December on a positive note. As of December 4, the stock had risen 2.6% despite 2.2% losses in the S&P 500 index. Today, TSLA is extending these gains. It was trading with 0.9% gains at 2:22 PM EST against 1.5% losses in the S&P 500 index. At the same time, Tesla’s Chinese peer NIO (NIO) was up 2.3%. However, NIO has lost 8.2% in December so far.
McDonald’s (MCD) stock rose 6.6% in November on investor optimism surrounding the company’s initiative to modernize its restaurants, which included the implementation of self-order kiosks, the remodeling of its restaurants, and the expansion of its deployment of the Experience of the Future initiative. The company’s stock price was also positively affected by Morgan Stanley’s upgrade on November 29. The upgrade led MCD to hit a 52-week high of $190.88 on the day.
It was a tough day for the market with all 11 sectors ending the day in the red. Health care, tech, and consumer discretionary were among the biggest losers of the day
Stocks fell dramatically Monday morning only to claw their way back. Yahoo Finance's Adam Shapiro, Seana Smith and Andy Serwer talk to Jimmy Lee, CEO of Wealth Consulting Group.