|Bid||36.80 x 2900|
|Ask||37.00 x 2900|
|Day's Range||36.58 - 37.12|
|52 Week Range||30.56 - 41.50|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||5.88|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||1.52 (4.12%)|
|1y Target Est||47.11|
Reaction to Chevy's redesigned half-ton Silverado has been muted at best. The 2020 Chevrolet Silverado HD models are an inherently different story, however, as they are intended for inherently different purposes. In fact, 2018 was the third-largest sales year for RVs in general, pointing to their increased popularity and therefore the increased importance of heavy-duty trucks like the Silverado 2500 and 3500.
The headlines go something like, "X automaker working on a vehicle to fight the iconic Y." The Y cars are the Porsche 911 and the Jeep Wrangler. For this story, the X automaker is GM. Car and Driver writes that GMC might take another shot at a Jeep challenger, this time by rebirthing a body-on-frame Jimmy SUV.
The engine is an important add to the Chevrolet full-size truck lineup with a diesel engine powering 13% of pickup trucks sold nationwide according to a 2018 Diesel Technology Forum report.
In December 2017, we saw a sharp rally in almost all asset classes as markets started pricing in what many called “synchronized global growth” for 2018. However, as 2018 started drawing to a close, fears of a synchronized global slowdown hit markets. All leading economies were expected to grow at a slower pace in 2019 as compared to 2018.
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.
Many of today’s best available senior-housing options are really a nod to the past: higher-density locales, homes suited for multiple generations, and community support and stimulation.
It was only recently that Ram's EcoDiesel engine ignited substantial, prolonged interest among consumers who see value in their V8-matching capability and V6-beating fuel economy. Ford was the next to step up with its 3.0-liter PowerStroke V6, and now after its complete redesign last year, the 2020 Chevrolet Silverado 1500 counts GM's new Duramax diesel mill among a number of other updates. Available as a $3,890 option on the Silverado 1500 LT, RST, LTZ and High Country models, the 3.0-liter turbodiesel inline-six produces 277 horsepower and 460 pound-feet of torque, of which 95% is achieved at just 1,250 rpm.
Yesterday, Winnebago Industries (WGO) released its third-quarter results for fiscal 2019. After yielding solid returns of 75.7% in 2017, Winnebago stock tanked 56.5% in 2018. Last year, the company’s rising dealer inventories and inflating costs due to trade war tariffs hurt investors’ sentiments.
Kudos to Morgan Stanley analyst Adam Jonas for finding the accurate but elegant way of describing the headache investors suffer in trying to figure out what to do with Tesla (NASDAQ:TSLA). He explains of handicapping TSLA stock, "We continue to believe Tesla is fundamentally overvalued, but potentially strategically undervalued."Source: Shutterstock What that means (to Jonas) for the shares -- and, consequently, the shareholders -- from here isn't a whole lot. That is to say, whatever blend of fundamentals and strategic value Morgan Stanley is using has prompted the firm to set its target price at $230, or or about $10 above the current price. The target is also un-bravely in the middle of a rather well-established trading range.Nevertheless, the assessment perfectly pegs the sum total of several contradictions that have been vexing Tesla stock investors for years now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Short-Sighted Self-Driving ThinkingJonas, for the record, thinks it's Tesla's self-driving arm that's largely underappreciated by Wall Street, and Main Street … a premise that Ark Invest analyst Tasha Keeney agrees with. She explained in a CNBC interview on Wednesday: "We think the autonomous driving market is going to be a huge opportunity. We think this should be valued at $2 trillion today in the equity markets, and it's virtually unaccounted for. We think Tesla has a great lead there, and that's because of the data advantage that they have."Keeney specifically named Alphabet (NASDAQ:GOOGL) and General Motors (NYSE:GM) as names Tesla was besting on the autonomous driving front. * 7 Top-Rated Biotech Stocks to Invest In Today The analysts' arguments hold some water. But, neither addressed a more philosophical aspect of the matter: What's Tesla doing with the tech?The answer is, of course, making its in-house self-driving platform better, but to what end? If consumers don't want (or can't afford) a Tesla, a superior self-driving platform is irrelevant. Tesla isn't doing anything else with the know-how. Alphabet's Waymo and GM's Cruise are also at least the basis of a robo-taxi service that doesn't require consumer sales of vehicles to monetize. Ditto for Ford Motor (NYSE:F).Thus far, Tesla has shown no interest in selling or leasing its self-driving technologies to third parties, while former partner Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) subsidiary are providing off-the-shelf solutions to carmakers tiptoeing into the arena.In other words, how is Tesla going to claim its piece of the $2 trillion market Keeney sees on the horizon? If the company intends to continue doing everything by itself and only for itself, the scope of the autonomous driving opportunity means little. Other Contradictions Cloud Investment CaseIt's not just a glaring lack of clarity on the self-driving front that keeps current and would-be TSLA stock buyers on edge. Analysts can't agree on plausible future demand either.Case in point: Goldman Sachs just cut its price target on TSLA to $158 from $200, explaining, "we see a lower probability of the company achieving our upside volume scenarios; we believe a downward path for shares will resume as it becomes more clear that sustainable demand for the company's current products are below expectations."That's in direct conflict, however, with an assessment that Piper Jaffray posted earlier this month, noting, "We understand why some investors consider the stock un-investable, but of all the reasons to doubt our overweight thesis, we think weak demand is among the least convincing." Goldman Sachs specifically cited lower tax subsidies as a reason demand was facing a headwind.Indeed, even with the modest tax credit of $3,750 available until the end of this month, Tesla's Model 3 has widened its U.S. sales lead on other EVs despite net cost for these Model 3's being greater than net sticker prices for alternatives.Consumers want Teslas, even if they have to pay a little more to get one.Even analysts themselves are conflicted, not as to how ownership-worthy TSLA stock may be, but whether or not it's ownership-worthy at all. * 5 Stocks to Buy for $20 or Less As of the most recent look, the lowest analyst price target sits at $140, while the highest lies at $585. And, of the 31 analysts following the company, 12 are rating it at a "sell" or worse, while another dozen are calling it a "buy" or better. Looking Ahead for TSLA StockThis is a key part of the reason TSLA shares have been so incredibly volatile. More often than not they're precariously balanced on the fence, and even the slightest of nudges can knock them off. Sometimes they land on the bearish side of the fence, and sometimes the bullish.Regardless, Tesla stock's usually quite quick to climb back on the fence of uncertainty, with the horde on 'the other side' screaming their case a little louder when they start to lose ground.The good news is, the never-ending conundrum has proven helpful to traders even if it's been agonizing to traders. That is, several trading ranges have taken shape over the years, and now is no exception. While last month's reversal was seemingly prodded by headlines, a longer-term look at the chart reveals that bottom lines up with a floor around $179 that's been in seen several times since 2014. If the bulls continue to get traction, the ultimate ceiling is right around $390.Not surprisingly, the consensus target of around $280 is squarely in the middle of the trading range. The analyst community has collectively hedged its bet on TSLA, underscoring the idea that nobody really knows what to make of this name.As of this writing, James Brumley held no position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post Morgan Stanley Perfectly Sums Up the Dilemma For Tesla Stock Investors appeared first on InvestorPlace.
Trump administration officials defended their controversial proposal to freeze fuel efficiency requirements at 2020 levels at a congressional hearing on Thursday and said the proposal would be submitted to the White House for final review in the coming weeks. The administration has rebuffed requests from automakers and some lawmakers to make a last-ditch effort to reach a deal with California to extend national standards after it ended talks in February. The administration plans in the coming months to finalize a dramatic rewrite of fuel efficiency standards through 2026 that would also strip California, the most populous U.S. state, which wants stricter rules to fight climate change, of the right to set its own, tougher emissions rules.
This morning before the market opened, Tesla (TSLA) was trading on a negative note despite a sharp rise in index futures. As of 9:10 AM ET, Tesla stock had fallen 1.2% in the pre-market session to $234.74 after Goldman Sachs cut the target price on the company by about 21%.
The United Auto Workers (UAW) will tell Congress on Thursday the union opposes the Trump administration's proposal to freeze fuel efficiency requirements at 2020 levels through 2026, according to written testimony.
General Motors is trying to avoid recalling potentially deadly Takata air bag inflators in thousands of full-size pickup trucks and SUVs for the fourth straight year, leaving owners to wonder if vehicles are safe to drive.
Cadillac decided to reveal the mid-cycle refresh of its crossover on that side of the world, so the vehicle you're looking at here is a China-spec XT5. Cadillac told us it will be able to confirm U.S. specifics in the near future. The grille has been swapped for one that better matches all the other grilles in Cadillac's newest crossovers like the XT4 and XT6.
The U.S. National Highway Traffic Safety Administration (NHTSA) in November into 2.73 million U.S. 2014-2016 model year SUVs and pickups after receiving 487 reports of hard brake pedal effort accompanied by extended stopping distance that were attributed to deterioration of the engine-driven brake assist vacuum pump.
The law firm of Kessler Topaz Meltzer & Check, LLP announces that it has filed a class action lawsuit against General Motors, LLC in the United States District Court for the Eastern District of Michigan.
A few weeks ago, Cadillac gave us our first look at its new small luxury sports sedan in the form of the CT4-V. Based on what we know about other recent Cadillacs and their trim and design, this CT4 is probably a Luxury or Premium Luxury trim, since it has plenty of bright chrome and red taillights instead of dark gray ones. The mesh grilles of the V are swapped for a main grille studded with small Cadillac badge shapes and the lower grille has simple slats.
Stocks rallied this week after the Federal Reserve kept interest rates unchanged and signaled a rate cut for the future. The Dow posted its best start to June since 1940. RSM Chief Economist Joe Brusuelas joins Yahoo Finance's Adam Shapiro, Julie Hyman, Brian Cheung, and Pras Subramanian to discuss.