|Bid||38.09 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|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||1.52 (4.02%)|
|1y Target Est||47.48|
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.
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. ...
Germany sells more passenger cars in China than any other country does, according to the China Association of Automobile Manufacturers.
In the week ended May 18, Ford Motor Company (F) stock settled at $11.33 with minor gains of 1.3% from the previous week’s close. As of May 18, Ford was trading in positive territory with minor gains of 0.8% month-to-date. By comparison, General Motors (GM), Toyota (TM), and Ferrari (RACE) also have inched up by 2.9%, 3.9%, and 8.0% month-to-date, respectively.
Shares of automakers like General Motors Co. ( GM) and Ford Motor Co. ( F) were up in pre-market trading Tuesday after China said it would reduce tariffs on certain vehicles. The Chinese Finance Ministry said tariffs would be lowered starting July 1 to 15% from 25% as its trade negotiations with the U.S. continued. China is the world’s largest market for autos.