Goodyear Tire (GT) announced its “Goodyear Forward” transformation plan—which will focus on debt reduction and cost cuts. In addition to this plan, the tire brand has announced a change in management— with Chairman, CEO, and President Richard J. Kramer retiring. Deutsche Bank U.S. Auto Technology Analyst Emmanuel Rosner upgraded the stock to “Buy” from “Hold”… Continue reading Goodyear a ‘Buy’ after transformation plan revealed: Analyst
Author: Yarhow_Finance Online News
Auto & Transport Roundup: Market Talk
Reuters EV startup Lucid enters lucrative SUV market with $80,000 Gravity Lucid, known for its flagship Air luxury electric sedan, unveiled the much-awaited Gravity sport utility vehicle on Thursday, driving the startup into a lucrative section of the U.S. auto industry amid growing caution over slowing EV demand. Though the 5.3-meter-long, three-row Gravity will come… Continue reading Auto & Transport Roundup: Market Talk
XPeng Is Expecting A Brighter 2024 Despite Intensified Competition
On Wednesday, XPeng Inc (NYSE: XPEV) delivered its third quarter results that showed aggressive promotions with which the EV maker responded to Tesla Inc (NASDAQ: TSLA), who kicked off a price war at the beginning of a year, took a toll on its bottom line. XPeng Reported Its Losses Widened For the quarter ended on… Continue reading XPeng Is Expecting A Brighter 2024 Despite Intensified Competition
Intel upgraded, Target downgraded: Wall Street’s top analyst calls
Reuters Systematic hedge funds pummeled in post-U.S. CPI stocks rally – Goldman Sachs Global hedge funds that use algorithms to trade suffered their second worst single day this year on Tuesday, as softer than expected U.S. inflation numbers sparked a hefty stocks rally, a Goldman Sachs note showed. The worst trading day for these hedge… Continue reading Intel upgraded, Target downgraded: Wall Street’s top analyst calls
There’s an Opportunity Brewing in Auto-Tech Enablers, Says Goldman Sachs – Here Are Two Stocks the Banking Giant Likes
Despite talk of soft demand trends, sales of electric vehicles, EVs, are up 50% year-to-date in the US for 2023, and are up 25% year-to-date in China, the world’s largest automotive market. Still, there remains considerable discussion and concern regarding affordability and pricing, the capacity of the grid to support charging needs, and the availability… Continue reading There’s an Opportunity Brewing in Auto-Tech Enablers, Says Goldman Sachs – Here Are Two Stocks the Banking Giant Likes
Lear Declares Quarterly Cash Dividend
SOUTHFIELD, Mich., Nov. 14, 2023 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company’s common stock. The dividend is payable on December 26, 2023, to shareholders of record at the… Continue reading Lear Declares Quarterly Cash Dividend
Japan’s Denso to target $8 billion in electrification revenue by FY 2025
TOKYO (Reuters) -Japanese automotive supplier Denso aims to increase its revenue from electrification to 1.2 trillion yen ($7.97 billion) by the 2025 business year and 1.7 trillion yen by the turn of the decade, the company said on Wednesday. Denso aimed to grow its revenue from advanced-driver assistance systems (ADAS) to 520 billion yen by… Continue reading Japan’s Denso to target $8 billion in electrification revenue by FY 2025
The Zacks Analyst Blog Highlights Autoliv, Scorpio Tankers, Assurant, Lam Research and F&G Annuities & Life
For Immediate Release Chicago, IL – November 15, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Autoliv ALV, Scorpio Tankers STNG, Assurant AIZ, Lam… Continue reading The Zacks Analyst Blog Highlights Autoliv, Scorpio Tankers, Assurant, Lam Research and F&G Annuities & Life
Goodyear Stock Rises on Plan for Cost Cuts, Potential Business Sales
TechCrunch What you need to know about Google’s search antitrust case Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week we brought TechCrunch’s own Rebecca Bellan onto the podcast to help us better understand Google’s search-related anti-trust case that is… Continue reading Goodyear Stock Rises on Plan for Cost Cuts, Potential Business Sales
American Express, Advance Auto Parts, Goodyear: Top Stocks
American Express (AXP) has been named the best credit card issuer by Barclays analysts while also initiating coverage on the company. Advance Auto Parts (AAP) announces $150 million cost savings program as it cuts its guidance and plans to sell off its subsidiary Worldpac. Lastly, Goodyear (GT) CEO Richard Kramer plans to retire in 2024… Continue reading American Express, Advance Auto Parts, Goodyear: Top Stocks