Author: Yarhow_Finance Online News

GM CEO says spinoff of the automaker’s EV assets not off the table

By Ben Klayman DETROIT, July 29 (Reuters) – General Motors Co Chief Executive Mary Barra said Wednesday “nothing is off the table” when it comes to maximizing the value of the No. 1 U.S. automaker’s electric vehicle efforts, including a possible spinoff of those assets. Speaking to analysts after GM reported a smaller-than-expected loss in… Continue reading GM CEO says spinoff of the automaker’s EV assets not off the table

Eaton (ETN) Q2 Earnings and Revenues Surpass Estimates

Eaton (ETN) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $1.53 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 34.62%. A quarter ago, it was expected that this… Continue reading Eaton (ETN) Q2 Earnings and Revenues Surpass Estimates

Eaton: Q2 Earnings Insights

Shares of Eaton Corp (NYSE:ETN) rose 1.9% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were down 54.25% year over year to $0.70, which beat the estimate of $0.53. Revenue of $3,856,000,000 declined by 30.31% from the same period last year, which beat the estimate of $3,690,000,000. Guidance Earnings… Continue reading Eaton: Q2 Earnings Insights

Dana Incorporated Board of Directors Establishes Technology and Sustainability Committee

MAUMEE, Ohio, July 28, 2020 /PRNewswire/ — Dana Incorporated announced today that its Board of Directors has established a standing Technology and Sustainability Committee focused on technological and environmental stewardship. Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) More The new Technology and Sustainability Committee will be responsible for assisting the Board with oversight relating to innovation, new technologies,… Continue reading Dana Incorporated Board of Directors Establishes Technology and Sustainability Committee

Coronavirus Crisis to Hurt Aptiv’s (APTV) Q2 Earnings & Revenues

Aptiv PLC APTV is set to report second-quarter 2020 results on Jul 30, before the bell. The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in three of the last four quarters and matched estimates on one occasion, delivering an average surprise of 35.7%. Q1 Expectations Aptiv’s performance in the… Continue reading Coronavirus Crisis to Hurt Aptiv’s (APTV) Q2 Earnings & Revenues

Nio Inc (NIO) Stock Might Be Expensive, Stay Cautious

McLain Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -15.4% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned 20.5% in the same quarter. However, you should check out McLain Capital’s top 5 stock picks… Continue reading Nio Inc (NIO) Stock Might Be Expensive, Stay Cautious

Best Automotive Stocks For 2020 According To Hedge Funds

What are the best automotive stocks for 2020? The automotive industry is hugely visible and has generally attracted considerable interest from investors for decades. However, these stocks are also cyclical in nature, as they tend to advance or decline with the prevalent economic tide. When there is uncertainty or fear about the economy, automotive companies’… Continue reading Best Automotive Stocks For 2020 According To Hedge Funds

Byd Co., Ltd. (BYDDY) Is Up 4.44% in One Week: What You Should Know

Momentum investing revolves around the idea of following a stock’s recent trend in either direction. In the ‘long’ context, investors will be essentially be “buying high, but hoping to sell even higher.” With this methodology, taking advantage of trends in a stock’s price is key; once a stock establishes a course, it is more than… Continue reading Byd Co., Ltd. (BYDDY) Is Up 4.44% in One Week: What You Should Know