39.20 -0.11 (-0.28%)
After hours: 7:08PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||39.18 - 39.81|
|52 Week Range||34.50 - 46.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||1.52 (3.82%)|
|1y Target Est||49.44|
While Ford (F) stock underperformed the S&P 500 in Q2 2018, General Motors (GM), Tesla (TSLA), and Ferrari (RACE) outperformed broader markets. Ford faced negative sentiment due to trade concerns. On the brighter side, growth in Q2 US light vehicle sales boosted investor confidence and prevented auto stocks falling significantly.
NEW YORK (AP) — Trade issues again weighed on the market Thursday as representatives of the auto industry told Congress they opposed tariffs on imported cars and car parts being proposed by the Trump administration. Banks and other large U.S. stocks fell, but smaller and more domestically-focused companies climbed.
Ford (NYSE:F) has lost 10% of its value over the last month. This leaves many asking the question, “Why is Ford stock so low?” Automakers face continuing struggles on many fronts. The economy, interest rates, labor issues, supply issues and material costs stand as many factors that affect the stock price of Ford.
In the previous part of this series, we looked at analysts’ expectations for General Motors (GM) in Q2 2018, which indicated a minor weakness. Other than earnings estimates, investors should also be aware of Wall Street analysts’ ratings since they could have an impact on the stock. Now let’s see what analysts are recommending for GM before its second-quarter earnings event.
In Q1 2018, General Motors (GM) reported adjusted EPS of $1.43, which was 18.3% lower than its Q1 2017 adjusted EPS of $1.75. On the positive side, it was far better than Wall Street analysts’ EPS estimate of $1.27.
US auto giant General Motors (GM) is set to release its Q2 2018 earnings on July 25. According to 2017 US auto sales volumes, GM had the largest market share in its home market, surpassing Ford Motor (F), Toyota (TM), and Fiat Chrysler Automobiles (FCAU).
According to a CNBC report, analyst Rajvindra Gill at Needham expects the Model 3 cancellation rate to have doubled in less than a year. Before Tesla reached its Model 3 production milestone of 5,000 units per week at the end of the second quarter, Morgan Stanley analyst Adam Jonas was not expecting Tesla to achieve a rate of 5,000 units per week until the first half of 2019. In fact, Tesla’s efforts to exponentially boost Model 3 production might have given confidence to Model 3 reservation holders who have already waited for many quarters to stick to their reservations a little longer.
Commerce Secretary Wilbur Ross said Thursday it is "too early" to say if the United States will impose import tariffs of up to 25 percent on imported cars and parts -- a suggestion that has been ...
Zacks.com featured highlights include: General Motors, Microchip Technology , NRG, AMC and Celanese
The procession of industry groups and foreign governments lining up to oppose President Donald Trump’s car tariffs is starting to look like a rush-hour traffic jam. The Commerce Department will hold public hearings Thursday on its probe into whether imports of passenger vehicles imperil U.S. national security. Judging from the list of speakers, the administration will find little if any support for the idea that foreign cars undermine America’s ability to defend itself.
IBM, General Motors Co. and Lockheed Martin Corp. are among a slate of companies that will advise the government on how to deal with the threat of automation facing American workers, according to a person familiar with the arrangement. Representatives of the companies will form an advisory board for a council led by Ivanka Trump and Secretary of Labor Alex Acosta. FedEx Corp. and Home Depot Inc. were also confirmed for the board, while Apple Inc. and Blackrock Inc. had considered joining as well, the person said.
Auto insurers say new tariffs could drive up the cost of new cars, and the price tag for repairing older ones. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Ethan Wolff-Mann discuss what it means.