|Bid||35.73 x 1000|
|Ask||36.20 x 29200|
|Day's Range||35.21 - 35.95|
|52 Week Range||34.50 - 46.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018|
|Forward Dividend & Yield||1.52 (4.04%)|
|1y Target Est||46.84|
The Hertz rental car company has a long history of offering specially customized performance cars going way back to the Shelby GT 350 H of the '60s. Mustangs have often been given the Hertz treatment in recent years, too. Naturally, it features a black-and-yellow color scheme, but unlike the many Hertz Mustangs, it's yellow with black stripes.
In a tweet, Tesla’s (TSLA) CEO, Elon Musk, surprised the market by revealing that he’s “considering taking Tesla private at $420. While Musk’s tweet initially fueled a rallied in Tesla stock, the gain didn’t last long. On August 7, after Musk revealed his intention to take Tesla private, Tesla stock reached the highest level since October 2017.
Last week, Ferrari stock (RACE) continued to tank for the fourth consecutive week. On August 10, the stock settled at $120.63 with a fall of ~3.4%.
Last week, Tesla (TSLA) stock continued to trade on a positive note for the second consecutive week despite continued weakness in other auto stocks. In the week that ended on August 10, TSLA rose 2.1%, extending its previous week’s 17.2% gain. TSLA ended the second quarter in positive territory with a 28.9% rise to become the top gainer among auto stocks in the quarter.
Last week, Fiat Chrysler Automobiles (FCAU) stock fell 4.6% to close at $16.14. In the last month, the stock has seen a 17.2% value erosion as of August 13. The stock fell ~12% on July 25 when it reported its second-quarter results.
Active. Berkshire Hathaway Inc. bought more shares of Apple Inc. in the second quarter, according to an SEC filing Tuesday. Warren Buffett's investment vehicle added more than 12 million shares of the iPhone maker during the quarter bringing its holdings to nearly 252 million shares worth more than $50 billion, a 13F filing showed.
As the Trump administration moves to freeze vehicle fuel efficiency standards, some regulatory officials have disputed the Transportation Department rationale that the plan would significantly cut traffic deaths, internal documents made public on Tuesday showed. The Transportation Department under President Donald Trump has proposed rolling back Obama administration rules requiring tough fuel efficiency standards and backs freezing the standards at 2020 levels through 2026.
Last week, General Motors (GM) stock fell 3.0% after registering a minor weekly rise of ~0.5% in the previous week. Last month, the company’s second-quarter earnings results failed to impress investors.
Ford Motor (F) has been stuck in neutral in 2018, and while the company has been making some needed changes, relief may be a ways off. Where we were: Ford shares have tumbled more than 23% year to date, more than double the 11% fall seen by rival General Motors (GM). Where we're headed: Instinet is wary of sales trends in China and Europe, and argues that while the company is making the right moves, it will take time to get back on track.
Greenlight Capital, run by billionaire David Einhorn, is slashing its holding in soaring tech stocks Apple Inc. ( AAPL), Micron Technology Inc. ( MU), and Twitter Inc. ( TWTR), according to a regulatory filing with the Securities and Exchange Commission (SEC). Greenlight cut its stake in Apple by 77%, or 486,000 shares, according to an SEC 13-F filing. It reduced its Micron holdings by 92%, or 3.1 million shares, and its Twitter holdings by 36%, or 901,400 shares.
In the week that ended on August 10, Ford Motor Company (F) stock settled at $9.74, a fall of 3.0%. The stock has witnessed negative movements in eight of the last nine weeks.
Public to private companies do exist. We’ve seen it before, most notably with Dell and founder Michael Dell. The conversion comes up as CEO Elon Musk now talks about taking Tesla (NASDAQ:TSLA) private. There are less regulations and scrutiny for private companies, while more potential reward for those who get in on the deal.
As of August 13, the broader market has largely traded on a mixed note month-to-date, and the S&P 500 Index (SPY) has inched up by just 0.2%.