GUELPH, ON, Aug. 9, 2023 /CNW/ – (TSX: LNR) Normalized Earnings per Share1 up 55.4%; Sales up 28.8% to $2.55 billion, a new record for a quarter; Diversified strategy validated with Industrial earnings tripling over prior year, anchoring solid overall performance; Normalized Operating Earnings1 up 54.7%; New business wins take launch book to nearly $4.5… Continue reading Q2 2023 Another Stellar Quarter at Linamar with Exceptional Earnings Growth, Record Revenues and Continued Free Cash Flow
Author: Yarhow_Finance Online News
Modine Manufacturing Company (MOD) Hit a 52 Week High, Can the Run Continue?
Shares of Modine (MOD) have been strong performers lately, with the stock up 32.4% over the past month. The stock hit a new 52-week high of $47.48 in the previous session. Modine has gained 136% since the start of the year compared to the 39.1% move for the Zacks Auto-Tires-Trucks sector and the 6.3% return… Continue reading Modine Manufacturing Company (MOD) Hit a 52 Week High, Can the Run Continue?
Has Aptiv (APTV) Outpaced Other Business Services Stocks This Year?
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Aptiv PLC (APTV) one of those stocks right now? Let’s take a closer look at the stock’s year-to-date performance to find out. Aptiv PLC is a member of our Business Services group, which includes 330 different… Continue reading Has Aptiv (APTV) Outpaced Other Business Services Stocks This Year?
UPDATE 1-Costs from supply chain disruptions drop by over 50% but headwinds remain -survey
(Adds context about survey in third paragraph, references to companies in last paragraph) Aug 9 (Reuters) – Financial losses due to supply chain disruptions dropped more than 50% on average in 2022, compared with a year earlier, but shortages and delivery delays remain challenges, according to a survey of companies being released on Thursday. Disruptions… Continue reading UPDATE 1-Costs from supply chain disruptions drop by over 50% but headwinds remain -survey
Mastercard (MA), Airtel Africa to Boost Money Transfers in Africa
Mastercard Incorporated MA recently collaborated with the leading telecommunications and mobile money services provider, Airtel Africa, in order to launch an innovative cross-border remittance service across the continent. The innovative service will pave the way for 100 million-plus Airtel Africa mobile phone users located across 14 African markets to seamlessly and safely engage in money… Continue reading Mastercard (MA), Airtel Africa to Boost Money Transfers in Africa
U.S. judge greenlights Nio investor class action over factory claims
By Jody Godoy (Reuters) – Nio Inc investors can proceed as a class in a lawsuit claiming the Chinese electric vehicle maker lied about building its own factory in Shanghai during its 2018 initial public offering, a U.S. judge has ruled. The lawsuit in federal court in New York seeks damages from Nio, its executives… Continue reading U.S. judge greenlights Nio investor class action over factory claims
BYD Rolled Off Its 5 Millionth New Energy Vehicle
SHENZHEN, China, August 09, 2023–(BUSINESS WIRE)–BYD, the world’s leading manufacturer of new energy vehicles and power batteries, rolled off its 5 millionth new energy vehicle (NEV), a DENZA N7, today, making it the first automaker in the world to achieve this milestone. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230809623981/en/ BYD rolled… Continue reading BYD Rolled Off Its 5 Millionth New Energy Vehicle
Mobis received a large-scale order for EV components from a major global automaker
Secured an extensive order for Battery System Assembly (BSA), a key EV component, from Volkswagen AG, the largest European automaker. BSA to be integrated into the next generation EV-exclusive platforms and supplied from a new local production base to be built near the automaker’s plant. A global acknowledgment of its 10+ years of expertise in… Continue reading Mobis received a large-scale order for EV components from a major global automaker
Government Spending Will Propel the S&P 500 Higher, Says Kevin O’Leary — Here Are 3 ‘Strong Buy’ Stocks to Bet on It
The S&P 500 has notched some very respectable returns this year, but there’s reason to believe it is only the beginning of a sustained multiyear rally. At least, that is the opinion of ‘Shark Tank’ star Kevin O’Leary, who believes that while various sectors of the US economy will be dealing with a series of… Continue reading Government Spending Will Propel the S&P 500 Higher, Says Kevin O’Leary — Here Are 3 ‘Strong Buy’ Stocks to Bet on It
New Strong Sell Stocks for August 9th
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: BorgWarner BWA is a global leader in clean and efficient technology solutions required for combustion, hybrid and electric vehicles. The Zacks Consensus Estimate for its current year earnings has been revised 26.5% downward over the last 60 days. ARMOUR Residential REIT… Continue reading New Strong Sell Stocks for August 9th