TipRanks ‘The Stage Is Set for a Rally’: Canaccord Sees up to 290% Upside for These 3 Stocks The last few months have been tough for investors, as stocks have mostly been falling since mid-summer. To wit, the S&P 500, which peaked at the end of July, is down close to 8% from that high.… Continue reading Stocks to Watch Friday: Apple, Block, Paramount, Coinbase
Author: Yarhow_Finance Online News
Nio to Cut Jobs, Investment in Face of Rising Competition
The Wall Street Journal Auto & Transport Roundup: Market Talk Citi expects EBIT for the company’s car segment to trend lower into 2024 on slower volume growth, deteriorating mix from interest rates hurting, and intense price competition, especially for battery-electric vehicles. 0805 GMT – BMW’s long-term targets for the share of battery-electric vehicle sales and… Continue reading Nio to Cut Jobs, Investment in Face of Rising Competition
Chinese EV Maker Nio to Cut 10% of Staff Positions and May Spin Off Businesses
(Bloomberg) — Nio Inc. said it is cutting jobs and and may spin off non-core businesses to reduce costs and improve efficiency, as the Chinese electric-vehicle maker falls way short of its sales targets and continues to post losses. Most Read from Bloomberg Shanghai-based Nio will cut 10% of staff positions in November, according to… Continue reading Chinese EV Maker Nio to Cut 10% of Staff Positions and May Spin Off Businesses
Charlie Munger says Elon Musk is outclassed by the head of China’s BYD—poised to overtake Tesla in global sales of fully electric vehicles
Charlie Munger, Warren Buffett’s right-hand man at Berkshire Hathaway, marveled earlier this year at the success of China’s BYD. The electric-vehicle maker has trounced Tesla in China and is close to overtaking it in EV sales globally, as well. Munger led Berkshire’s decision to invest in BYD. “I have never helped do anything at Berkshire… Continue reading Charlie Munger says Elon Musk is outclassed by the head of China’s BYD—poised to overtake Tesla in global sales of fully electric vehicles
Eaton Corp PLC’s Dividend Analysis
A Comprehensive Examination of Eaton Corp PLC’s Dividend Performance and Sustainability Eaton Corp PLC (NYSE:ETN) recently announced a dividend of $0.86 per share, payable on 2023-11-24, with the ex-dividend date set for 2023-11-03. As investors look forward to this upcoming payment, the spotlight also shines on the company’s dividend history, yield, and growth rates. Using… Continue reading Eaton Corp PLC’s Dividend Analysis
The Eaton Corp PLC (ETN) Company: A Short SWOT Analysis
Eaton Corp PLC (NYSE:ETN) shows strong financial performance with a 46% growth in net income per share in Q3 2023 compared to Q3 2022. The company’s strategic acquisitions and divestitures have aligned it with secular growth trends and positioned it for future growth. Eaton’s commitment to sustainability and renewable energy aligns it with global megatrends,… Continue reading The Eaton Corp PLC (ETN) Company: A Short SWOT Analysis
BorgWarner (BWA) Q3 Earnings Beat Estimates, Guidance Trimmed
BorgWarner Inc. BWA reported adjusted earnings of 98 cents per share for third-quarter 2023, up from 80 cents recorded in the prior-year quarter. The bottom line also outpaced the Zacks Consensus Estimate of 91 cents per share. The automotive equipment supplier reported net sales of $3,622 million, missing the Zacks Consensus Estimate of $3,720 million.… Continue reading BorgWarner (BWA) Q3 Earnings Beat Estimates, Guidance Trimmed
BorgWarner Inc (BWA) Reports 12% Increase in Q3 2023 Net Sales
BorgWarner Inc (NYSE:BWA) reports Q3 2023 net sales of $3,622 million, a 12% increase compared to Q3 2022. Net earnings for Q3 2023 were $87 million, or $0.37 per diluted share. eProduct sales for 2023 are expected to be between $2.0 billion and $2.1 billion. Full-year net sales for 2023 are expected to be in… Continue reading BorgWarner Inc (BWA) Reports 12% Increase in Q3 2023 Net Sales
Here’s What Key Metrics Tell Us About BorgWarner (BWA) Q3 Earnings
BorgWarner (BWA) reported $3.62 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 10.8%. EPS of $0.98 for the same period compares to $1.24 a year ago. The reported revenue represents a surprise of -2.63% over the Zacks Consensus Estimate of $3.72 billion. With the consensus EPS estimate being $0.91,… Continue reading Here’s What Key Metrics Tell Us About BorgWarner (BWA) Q3 Earnings
Aptiv PLC (APTV) Reports 11% Increase in Q3 Revenue and Record Adjusted Operating Earnings
Q3 revenue increased by 11% to $5.1 billion U.S. GAAP net income of $1,629 million, diluted earnings per share of $5.76 Generated $746 million of cash from operations Year-to-date revenue increased by 18% to $15.1 billion Aptiv PLC (NYSE:APTV), a global technology company focused on making mobility safer, greener, and more connected, reported its third… Continue reading Aptiv PLC (APTV) Reports 11% Increase in Q3 Revenue and Record Adjusted Operating Earnings