|Bid||114.02 x 1400|
|Ask||121.81 x 1400|
|Day's Range||120.96 - 121.70|
|52 Week Range||111.06 - 130.93|
|PE Ratio (TTM)||16.29|
|Expense Ratio (net)||0.43%|
Last week, which ended on August 17, Fiat Chrysler (FCAU) stock fell 2.3% to close at $15.77. It revised its 2018 outlook downward during its earnings event, like its peers (IYK) General Motors (GM) and Ford (F), as we saw in the previous two parts of this series. FCAU now expects its 2018 adjusted EBIT (earnings before interest and tax) to be 7.5 billion–8 billion euros, which is lower than its original guidance of 8.7 billion euros.
Last week, which ended on August 17, General Motors (GM) stock fell 0.6% after registering a weekly loss of ~3.0% in the previous week. While GM stock gained 8.4% in the second quarter, it turned negative in July, losing 3.8% compared to a 3.6% rise for the S&P 500 index. This negative movement is continuing with a 4% loss month-to-date as of August 17. Last month, the company’s second-quarter results failed to impress investors.
Last week, Harley-Davidson stock (HOG) continued to trade on a negative note for the second consecutive week. The stock ended the week with a fall of ~1.8%. As of August 13, the company’s stock was hovering in the negative territory quarter-to-date, with a 1.7% fall seen in the third quarter so far.
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.
Last week, which ended on August 3, Harley-Davidson stock (HOG) turned mixed after rising 6.6% in the previous week. It ended the week with a 0.7% weekly loss. As of August 6, the stock was hovering in positive territory on a quarter-to-date basis, with 3% gains so far in the third quarter.
Last week, which ended on August 3, Fiat Chrysler stock (FCAU) was unchanged from its previous week’s closing price of $16.91 when it plunged 12.5% after its second-quarter results. The company revised its 2018 outlook downward during its earnings event, as did peers (IYK) General Motors (GM) and Ford (F). We looked at those automakers in the previous two parts of this series. FCAU now expects its 2018 adjusted EBIT to be 7.5 billion–8 billion euros, down from its original guidance of 8.7 billion euros.
Last week, which ended August 3, General Motors (GM) stock saw a minor weekly rise of ~0.5%. In the previous week, it fell 4.7%. In July, its second-quarter results failed to boost investor confidence. While GM stock gained 8.4% in the second quarter, it turned negative in July, losing 3.8% compared to a 3.6% rise in the S&P 500 index.
Previously, we looked at O’Reilly Automotive’s (ORLY) second-quarter revenue. In the first half of 2018, O’Reilly has already opened 128 new stores. With this rise, the company’s gross profit margin marginally expanded to 52.5% in the second quarter from 52.4% in the second quarter of 2017.
So far in this series, we’ve covered Ford Motor Company’s (F) second-quarter revenue and vehicle sales from two of its main markets: North America and Europe.
Earlier, we discussed how Ford Motor Company’s (F) lower wholesale volumes affected its North American revenue in the second quarter. Ford’s EBIT margin in the region contracted significantly to 7.4% in the second quarter, lower than its level of 7.8% in the first quarter and much worse than its level of 9.5% in the second quarter of 2017. This supply disruption mainly affected its F-Series pickup truck production.
Fiat Chrysler Automobiles (FCAU) reported its second-quarter results on July 25 before the US market opened. FCAU’s Q2 adjusted earnings were at 0.62 euros, or ~$0.72 per share, down ~10% YoY, which was also much lower than Wall Street analysts’ consensus estimates of 0.85 euros per share. In Q2, Fiat Chrysler’s combined global shipments rose 6% YoY to 1.3 million units, while its consolidated shipments rose 10% YoY.
In the first quarter, revenues for Ford’s (F) Asia Pacific region went up 6.3% YoY (year-over-year) to $3.4 billion. However, the region had a negative impact on its total profit margins. Increased engineering costs in China, lower volume, and an unfavorable mix stole about $116 million from its EBIT (earnings before interest and tax) in Q1 2018. The company is expected to report its second-quarter results on July 25.
Previously, we looked at analysts’ views on Fiat Chrysler (FCAU) stock. In Q2 2018, analysts expect Fiat Chrysler’s revenue to rise ~3.8% YoY (year-over-year) to 29.0 billion euros (~$33.8 billion) from 27.9 billion euros (~$32.6 billion), primarily due to strength in the company’s US retail sales (IYK) and recovery in its Latin American sales.
As of yesterday, Ford’s (F) forward EV1-to-EBITDA multiple was 13.2x. Although the multiple has fallen over the last year, it’s still much higher than many competitors’ multiples. General Motors’ (GM) and Fiat Chrysler’s (FCAU) forward EV-to-EBITDA multiples were 7.7x and 2.1x, respectively.
Previously, we looked at Fiat Chrysler’s (FCAU) stock performance in Q2. Investors’ high expectations for the company’s second-quarter results may have helped its stock. In this part, we’ll explore analysts’ estimates for its Q2 2018 earnings.
On Monday, NBA superstar LeBron James put the finishing touches on his decision to join the Los Angeles Lakers by officially signing a four-year, $154 million contract. James’ status as a brand ambassador ...
According to data provided by the China Association of Automobile Manufacturers, vehicle sales in China were 2.29 million vehicle units in May. That was a significant rise of 9.6% YoY (year-over-year). In April, China’s auto sales increased 11.5% YoY to 2.32 million units. February was the only month so far this year that China’s light vehicle sales declined YoY. Sales fell 11.1% YoY that month due to the Chinese New Year.
According to the most recent data released for the week ended June 9, initial jobless claims at a seasonally adjusted annual rate (or SAAR) in the United States were 218,000. In general, jobless claims less than 300,000 are considered a sign of a strong jobs market. A recent fall in jobless claims could be a positive indicator for the future of auto sales.
In June, stocks of most mainstream US automobile companies (IYK) are trading on a positive note. As of June 14, General Motors (GM), Ford (F), Toyota (TM), and Ferrari (RACE) have risen 2%, 2.9%, 5.8%, and 13.7%, respectively. Fiat Chrysler (FCAU) has fallen ~8.6% so far this month. By comparison, the S&P 500 benchmark has risen 2.9% month-to-date.
In April, American Honda, a Honda (HMC) subsidiary, saw its US sales volumes fall ~9.2% YoY (year-over-year), to 125,701 vehicles from 138,386. It sold 142,392 units in March. April was the third month this year in which American Honda’s sales decreased YoY.
Stanley Black & Decker’s (SWK) stock has been struggling so far in 2018. On a year-to-date basis, the stock has left investors poorer by 15.1%. Its other industrial peers, Dover (DOV), Illinois Tool Works (ITW) and 3M (MMM) are also in red and have declined by 3.4%, 12.6%, and 15.6% respectively.
The Conference Board website explains that the consumer confidence index (or CCI) is a barometer of the health of the US economy (VOO) from the perspective of the consumer. The consumer confidence survey compiles consumer perceptions of employment and business conditions and their expectations for the next six months. The latest report indicated that the consumer confidence index has increased to 128.0 in May as compared to a downward revised April reading of 125.6.
Last week, Harley-Davidson stock (HOG) saw a strong recovery after falling in the previous two weeks. HOG ended the week at $42.50 with a rise of about 4.2% during the week. The company’s stock fell ~4.1% in April against a 0.3% drop in the S&P 500 Index. April was the fourth month in a row that Harley’s stock witnessed value erosion.
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.
CNBC's Dominic Chu breaks down which stocks are leading the consumer staples sector, which has been on a "roller-coaster ride" over the last couple of years.