35.15 +0.05 (0.14%)
After hours: 6:28PM EDT
|Bid||35.06 x 3200|
|Ask||35.15 x 800|
|Day's Range||34.59 - 35.23|
|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||46.53|
After years of every other luxury car maker stocking their showrooms with trendy crossovers, Cadillac is finally joining the fray. Its latest addition is the 2019 Cadillac XT4, a tidy little crossover that proudly bears signature Caddy designs such as the tall slender taillights. To see if it has any other areas where it shines, or maybe some where it's a bit dim, we decided to compare its specifications with those of four of the segment's bestselling compact crossovers, the Lexus NX 300, Acura RDX, Audi Q5 and BMW X3.
Moody's Investors Service has upgraded the rating of the Class B Notes of Rongteng 2018-1 Retail Auto Mortgage Loan Securitization. Moody's upgrade was prompted by the increase in the level of credit enhancement for the affected notes and the low defaults from the collateral pool. Principal payments have been paid sequentially from Class A Notes since closing, and credit enhancement has been increasing.
The IBD Stock of the Day is Ferrari, which unveiled the Monza supercar and laid out plans to vastly expand and electrify its lineup.
Last week, Tesla was the top gainer among auto stocks with 12.1% gains. However, the stock turned negative today and erased most of these gains after a Bloomberg report suggested that TSLA is “under investigation by the Justice Department over public statements made by the company and Chief Executive Officer Elon Musk.” The report cited “two people familiar with the matter.”
In the week ending September 14, General Motors (GM) stock rose 2.1% after registering losses of 5.9% in the previous week. While General Motors stock gained 16.2% in May, it turned negative in June. The stock lost ~7.7%, 3.8%, and 4.9% in June, July, and August, respectively. General Motors has lost 2.9% on the month-to-date basis as of September 17. Let’s take a look at the key support and resistance levels for General Motors stock before we explore its recent fundamental updates.
In the week ending September 14, Ford (F) stock settled at $9.45 with 1.9% weekly gains. Ford posted the highest weekly gain in the past 14 consecutive weeks. The stock witnessed negative movement the previous two weeks. In the previous week, Ford fell 2.2%. As of September 17, Ford stock has seen 22.7% value erosion in 2018. In comparison (IYK), General Motors (GM), Tesla (TSLA), and Fiat Chrysler (FCAU) have fallen 14.6%, 5.3%, and 2.2% year-to-date, respectively.
Last week, the broader market largely traded on a slightly negative note due to uncertainties related to the global trade war. In the second week of September, the S&P 500 benchmark (SPY) largely remained mixed and rose 1.2%. Uncertainties about the trade war and tariffs could be keeping investors confused. In the last few months, trade tensions between the US and other continues like China, Canada, and European countries have haunted auto investors. Last week, most of the auto stocks outperformed the broader market.
According to the latest data compiled by Thomson Reuters, nine of the 27 analysts covering Tesla (TSLA), or ~33%, have given it “buy” recommendations, another nine have recommended “holds,” and the remaining nine expect it to underperform and have recommended “sells.”
As of September 12, Tesla’s forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple was 22.1x. It was calculated on the company’s estimated EBITDA for the next 12 months.
Short interest is extremely low for GM with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GM. The net inflows of $5.90 billion over the last one-month into ETFs that hold GM are not among the highest of the last year and have been slowing.
Is Tesla Stock 'No Longer Investable'? In the second quarter, Tesla (TSLA) managed to prove many of its critics wrong after it exceeded its second-quarter goal for its Model 3 production rate. While analysts remain divided on Tesla, recently, a long time bullish analyst on Tesla downgraded the stock.
President Donald Trump's latest trade actions could push up car prices in Michigan, Governor Rick Snyder told CNBC at the World Economic Forum in Tianjin.