Magna International Inc. (NYSE:MGA) Q3 2023 Earnings Call Transcript

Magna International Inc. (NYSE:MGA) Q3 2023 Earnings Call Transcript November 3, 2023 Operator: Greetings and welcome to the Q3 2023 results. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question and answer session. At that time, if you have a question, please press the one followed by… Continue reading Magna International Inc. (NYSE:MGA) Q3 2023 Earnings Call Transcript

Will Weakness in BorgWarner Inc.’s (NYSE:BWA) Stock Prove Temporary Given Strong Fundamentals?

With its stock down 21% over the past three months, it is easy to disregard BorgWarner (NYSE:BWA). However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study BorgWarner’s ROE in this article. Return on Equity or ROE is… Continue reading Will Weakness in BorgWarner Inc.’s (NYSE:BWA) Stock Prove Temporary Given Strong Fundamentals?

Adient’s (NYSE:ADNT) 11% CAGR outpaced the company’s earnings growth over the same five-year period

Adient plc (NYSE:ADNT) shareholders might be concerned after seeing the share price drop 20% in the last quarter. But the silver lining is the stock is up over five years. However we are not very impressed because the share price is only up 67%, less than the market return of 68%. On the back of… Continue reading Adient’s (NYSE:ADNT) 11% CAGR outpaced the company’s earnings growth over the same five-year period

Don’t Buy Dana Incorporated (NYSE:DAN) For Its Next Dividend Without Doing These Checks

Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see Dana Incorporated (NYSE:DAN) is about to trade ex-dividend in the next four days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the… Continue reading Don’t Buy Dana Incorporated (NYSE:DAN) For Its Next Dividend Without Doing These Checks

Institutional investors are The Goodyear Tire & Rubber Company’s (NASDAQ:GT) biggest bettors and were rewarded after last week’s US$187m market cap gain

Key Insights Given the large stake in the stock by institutions, Goodyear Tire & Rubber’s stock price might be vulnerable to their trading decisions The top 12 shareholders own 51% of the company Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock To get a sense of… Continue reading Institutional investors are The Goodyear Tire & Rubber Company’s (NASDAQ:GT) biggest bettors and were rewarded after last week’s US$187m market cap gain

Why ChargePoint, Nikola, and Nio Stocks All Crashed in October

TipRanks Morgan Stanley Says There’s a Buying Opportunity in Theme Park Stocks — Here Are 2 Names the Banking Giant Likes Consumer spending has long been a primary driver of the US economy. The average household, with its non-negotiable needs and its appetite for entertainment and relaxation, provides the support for a vast economic edifice… Continue reading Why ChargePoint, Nikola, and Nio Stocks All Crashed in October

Stocks to Watch Friday: Apple, Block, Paramount, Coinbase

Reuters US solar panel manufacturing boom threatened by cheap imports U.S. companies have announced plans to build dozens of solar panel factories across the country since last year when President Joe Biden’s signature climate law unleashed billions of dollars of subsidies, raising hopes a clean energy boom can provide tens of thousands of good paying… Continue reading Stocks to Watch Friday: Apple, Block, Paramount, Coinbase

Tesla Vs. BYD 2023: BYD Has Seized The BEV Crown. The Coronation Will Come Later.

Barrons.com Toyota Wages and the Ford Maverick Show the Effects of UAW Talks While the United Auto Workers’ 2023 labor negotiations were solely with the Detroit Three auto makers, the talks’ impact is evident across the entire U.S. auto industry. News from car companies beyond those three— Ford Motor (ticker: F), General Motors (GM), and… Continue reading Tesla Vs. BYD 2023: BYD Has Seized The BEV Crown. The Coronation Will Come Later.

Why Auto Parts Stocks Popped (and Dropped) Today

Over the last 18 hours, three of the biggest names in car parts have reported their results, with Magna International (NYSE: MGA) delivering a positive earnings surprise and American Axle & Manufacturing Holdings (NYSE: AXL) beating on sales, but Fox Factory (NASDAQ: FOXF) reporting an earnings miss Thursday night. As of 10:15 a.m. ET Friday,… Continue reading Why Auto Parts Stocks Popped (and Dropped) Today

Magna raises 2023 profit forecast, flags impact from UAW strikes

By Nathan Gomes (Reuters) – Canadian auto parts supplier Magna International raised its 2023 profit forecast on Friday, but flagged an impact from the United Auto Workers (UAW) union strike in North America. Magna’s U.S.-listed shares jumped about 14% in morning trade, after the company also beat third-quarter expectations. Suppliers had benefited from an uptick… Continue reading Magna raises 2023 profit forecast, flags impact from UAW strikes