Magna International MGA reported second-quarter 2022 adjusted earnings of 83 cents per share, which declined 41% on a year-over-year basis. The bottom line also lagged the Zacks Consensus Estimate of 93 cents a share. Lower-than-expected EBIT in the Body Exteriors & Structures, Power & Vision and Seating Systems segments led to the underperformance. In the… Continue reading Magna’s (MGA) Q2 Earnings Miss Estimates, Revenues Beat
Author: Yarhow_Finance Online News
U.S. Manufacturing Growth Slows. But Investors Are Buying GE, Eaton, and Other Industrial Stocks.
Benzinga China’s Regulatory Crackdown On Its Tech Sector Takes New Twist China is after the head of its leading state-backed chip investment fund, shortly following a similar probe into a former executive linked to the fund, Reuters reports. China suspected Ding Wenwu, the head of China Integrated Circuit Industry Investment Fund, or the “Big Fund,”… Continue reading U.S. Manufacturing Growth Slows. But Investors Are Buying GE, Eaton, and Other Industrial Stocks.
4 Industrial Stocks Poised to Trump Q2 Earnings Estimates
The Zacks Industrial Products sector has been benefiting from strength across several end markets, thanks to continued expansion in manufacturing activities. Cost control measures and pricing actions exercised by sector participants have been supporting their top-line growth. However, supply chain disruptions and raw material cost-inflation are major challenges plaguing the sector participants. Per the latest… Continue reading 4 Industrial Stocks Poised to Trump Q2 Earnings Estimates
Analysts Estimate Westport Innovations (WPRT) to Report a Decline in Earnings: What to Look Out for
The market expects Westport Innovations (WPRT) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2022. This widely-known consensus outlook is important in assessing the company’s earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare… Continue reading Analysts Estimate Westport Innovations (WPRT) to Report a Decline in Earnings: What to Look Out for
BorgWarner (NYSE:BWA) Has Affirmed Its Dividend Of $0.17
BorgWarner Inc. (NYSE:BWA) will pay a dividend of $0.17 on the 15th of September. This payment means that the dividend yield will be 1.8%, which is around the industry average. View our latest analysis for BorgWarner BorgWarner’s Earnings Easily Cover The Distributions While it is always good to see a solid dividend yield, we should… Continue reading BorgWarner (NYSE:BWA) Has Affirmed Its Dividend Of $0.17
Palantir Technologies Inc. (PLTR) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Wall Street expects a year-over-year decline in earnings on higher revenues when Palantir Technologies Inc. (PLTR) reports results for the quarter ended June 2022. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these… Continue reading Palantir Technologies Inc. (PLTR) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Aptiv’s (NYSE:APTV) earnings trajectory could turn positive as the stock climbs 7.4% this past week
Aptiv PLC (NYSE:APTV) shareholders should be happy to see the share price up 15% in the last month. But that is minimal compensation for the share price under-performance over the last year. In fact the stock is down 37% in the last year, well below the market return. While the stock has risen 7.4% in… Continue reading Aptiv’s (NYSE:APTV) earnings trajectory could turn positive as the stock climbs 7.4% this past week
NIO, XPeng, and Li Auto Deliveries Cool Off in July. The Stocks Jump Anyway.
Reuters Gold hits near one-month high on dollar weakness Gold neared a one-month high on Monday on the back of a decline in the U.S. dollar, with investors awaiting economic data that could influence the path of Federal Reserve policy tightening. Spot gold was up 0.3% at $1,771.19 per ounce by 1419 GMT, having earlier… Continue reading NIO, XPeng, and Li Auto Deliveries Cool Off in July. The Stocks Jump Anyway.
Alibaba, Boeing, NIO and More Stock Market Movers Monday
Reuters Videos Alibaba seeks to keep NY listing amid audit dispute STORY: China’s Alibaba said on Monday it was working to maintain its listing on the New York Stock Exchange, after it was placed on a delisting watchlist by authorities.Under the Holding Foreign Companies Accountable Act, the Securities and Exchange Commission can remove foreign companies… Continue reading Alibaba, Boeing, NIO and More Stock Market Movers Monday
NIO, other China-based EV maker stocks surge after July deliveries jump
The U.S.-listed shares of NIO Inc. rallied 4.2% in premarket trading Monday, after the China-based electric vehicle maker reported deliveries rose in July from a year ago to mark a third-straight monthly increase. The company said July deliveries increased 26.7% to 10,052 vehicles. That comes after a 60.3% increase in July and a 4.7% rise… Continue reading NIO, other China-based EV maker stocks surge after July deliveries jump