The quarterly results of NIO Inc. NIO, Li Auto LI, Rivian Automotive RIVN, ChargePoint Holdings CHPT and Blink Charging BLNK dominated last week’s key stories in the electric vehicle (EV) space. Li Auto incurred a quarterly loss amid high operating costs. While LI currently carries a Zacks Rank #2 (Buy), NIO is #5 Ranked (Strong Sell). RIVN, CHPT and… Continue reading EV Roundup: Key Tidbits From Quarterly Releases of NIO, LI, RIVN, CHPT & BLNK
Author: Yarhow_Finance Online News
China’s Auto Sales Fall Sharply After Lifting of Pandemic Curbs
HONG KONG—China’s passenger car retail sales shrank almost 20% in the first two months of this year, underscoring the challenges facing manufacturers in the world’s largest but long-stuttering auto market. The nation’s auto makers sold 2.7 million passenger cars in January and February combined, according to the China Passenger Car Association, down from 3.3 million… Continue reading China’s Auto Sales Fall Sharply After Lifting of Pandemic Curbs
Tesla Rival BYD Plans Big Commercial-Vehicle Push
Reuters China’s Jan-Feb passenger cars sales down 20% – CPCA SHANGHAI/BEIJING (Reuters) -China’s passenger vehicle sales fell 20% in the first two months of this year, industry data showed on Wednesday, underscoring weak demand in the world’s biggest auto market even as some car manufacturers offer reduced prices to revive demand. Sales in February, 1.42… Continue reading Tesla Rival BYD Plans Big Commercial-Vehicle Push
Magna’s SmartAccess Power Door System Hits the Market in Style
Magna International Inc. Magna’s SmartAccess™ power door system with first to market integrated Haptronik™ software Magna’s SmartAccess™ power door system with first to market integrated Haptronik™ software Complete power door system with first-to-market HaptronikTM motion control Market debut on Ferrari Purosangue Redefines the consumer access experience AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) — Magna… Continue reading Magna’s SmartAccess Power Door System Hits the Market in Style
Institutional investors must be pleased after a 3.3% gain last week that adds to Magna International Inc.’s (TSE:MG) one-year returns
Key Insights Significantly high institutional ownership implies Magna International’s stock price is sensitive to their trading actions The top 25 shareholders own 44% of the company Recent sales by insiders To get a sense of who is truly in control of Magna International Inc. (TSE:MG), it is important to understand the ownership structure of the… Continue reading Institutional investors must be pleased after a 3.3% gain last week that adds to Magna International Inc.’s (TSE:MG) one-year returns
Is Eaton Corporation plc (ETN) a Recession-Proof Stock?
ClearBridge Investments, an investment management company, released its “ClearBridge Large Cap Growth Strategy” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy outperformed its benchmark, the Russell 1000 Growth Index. The strategy gained in seven out of nine sectors it invested in the quarter on… Continue reading Is Eaton Corporation plc (ETN) a Recession-Proof Stock?
BorgWarner CEO Frédéric Lissalde To Be Honored For His Accomplishments In The Automotive Industry
Awarded the prestigious Nessim Habif Prize Presented by the Ingénieurs Arts et Métiers Community Ceremony held in Paris on March 6 PARIS, March 7, 2023 /PRNewswire/ — Each year, the renowned French society of engineers “Ingénieurs Arts et Métiers”, recognizes an outstanding member of its community for their achievements. Frédéric Lissalde was chosen as the… Continue reading BorgWarner CEO Frédéric Lissalde To Be Honored For His Accomplishments In The Automotive Industry
Undervalued Stocks With Strong Q4 Earnings: Morningstar
TheStreet.com Adding to One Stock, Trimming Another and Lowering the Rating on a Third In Friday’s Action Alerts PLUS Weekly Roundup, we shared with you that given the recent movement in shares of Axon Enterprise even after we upped our price target to $240 from $220 on March 1, if the stock continued to close… Continue reading Undervalued Stocks With Strong Q4 Earnings: Morningstar
Charles River (CRAI) Declines 11.4% Post Q4 Earnings Miss
CRA International, Inc., which conducts business as Charles River Associates CRAI, reported lower-than-expected fourth-quarter fiscal 2022 results. The company also revealed a below par revenue guidance for 2023. The below par results and the tepid guidance naturally disappointed investors. Consequently, the stock plummeted 11.4% since the earnings release on Mar 2. What did the Q4… Continue reading Charles River (CRAI) Declines 11.4% Post Q4 Earnings Miss
Is NIO Inc. (NIO) a Buy as Wall Street Analysts Look Optimistic?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use… Continue reading Is NIO Inc. (NIO) a Buy as Wall Street Analysts Look Optimistic?