Here is your Pro Recap of the biggest analyst cuts you may have missed since Friday: downgrades at Tesla, Nio, Bill.com, and Floor & Decor. InvestingPro subscribers got this news in rapid fire. Never be left in the dust again. Tesla downgraded to Buy, shares gain on a partnership deal with General Motors CFRA downgraded… Continue reading 4 big analyst cuts: Tesla trimmed, but still a buy; Nio slapped with 2 downgrades
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Nasdaq to buy financial software firm Adenza for $10.5b
Nasdaq on Monday said it will buy Thoma Bravo-owned software firm Adenza for $10.5 billion, in what would be the exchange operator’s biggest acquisition as it speeds up its push to become a more tech-focused company. Shares of Nasdaq extended losses to trade down 8.4% at $53 before the bell. The purchase, consisting of $5.75 billion in cash and 85.6 million shares of Nasdaq common stock, is expected to… Continue reading Nasdaq to buy financial software firm Adenza for $10.5b
Sabre and Aeromexico launch NDC content to Sabre-connected travel agents
Mexico’s global airline will distribute its NDC content through Sabre’s travel marketplace; Sabre is the first GDS that has activated the carrier’s NDC offers SOUTHLAKE, Texas, June 12, 2023 /PRNewswire/ — Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, and Aeromexico, Mexico´s global airline, announced today that the carrier’s… Continue reading Sabre and Aeromexico launch NDC content to Sabre-connected travel agents
India becomes destination for auto OEMs to secure their digital content needs
As the software content in vehicles is growing, with systems like smart cockpits becoming an integral part of the auto ecosystem, India has become the go-to place to source digital engineering and talent. As the software content in vehicles is growing, with systems like smart cockpits becoming an integral part of the auto ecosystem, India… Continue reading India becomes destination for auto OEMs to secure their digital content needs
Q1 2023 NIO Inc Earnings Call
Participants Eve Tang; IR; NIO Inc. William Li; CEO; NIO Inc. Steven Feng; CFO; NIO Inc. Tim Hsiao; Analyst; Morgan Stanley Bin Wang; Analyst; Credit Suisse Ming-Hsun Lee; Analyst; Bank of America Yuqian Ding; Analyst; HSBC Nick Lai; Analyst; JP Morgan Paul Gong; Analyst; UBS Xing Chang; Analyst; CICC Vijay Rakesh; Analyst; Mizuho William Bin… Continue reading Q1 2023 NIO Inc Earnings Call
Tesla’s GM deal, Nio earnings, Corning upgrade: Top tickers
Tesla shares trade higher after the company announced its EV charging partnership with GM. Nio’s reported mixed Q1 earnings results. Corning stock gets upgraded to “overweight” by Morgan Stanley. Yahoo Finance Live breaks down some of the top tickers of the day. Go to Source
Valvoline Inc. Announces Preliminary Results of Its Tender Offer
LEXINGTON, Ky., June 9, 2023 /PRNewswire/ — Valvoline Inc. (NYSE: VVV) (the “Company”), a trusted leader in preventive automotive maintenance delivering quick and convenient service, today announced the preliminary results of its modified “Dutch auction” tender offer to repurchase up to $1.0 billion in value of shares of its common stock, which expired at 12:00 midnight,… Continue reading Valvoline Inc. Announces Preliminary Results of Its Tender Offer
CAE announces pricing of private offering of $400 Million of senior unsecured notes
MONTREAL, June 8, 2023 /PRNewswire/ – (NYSE: CAE) (TSX: CAE) – CAE Inc. (CAE or the Corporation) announced today that it has priced a private offering of $400 million aggregate principal amount of 5.541% Series 1 Senior Unsecured Notes due June 12, 2028 (the Notes) (the Offering). The Notes are being offered through a syndicate… Continue reading CAE announces pricing of private offering of $400 Million of senior unsecured notes
How Tesla’s tax credit victory is a loss for Chinese battery maker CATL
Tesla’s Model 3 finds itself eligible for the $7,500 U.S. tax credit on EVs. This news comes as Morgan Stanley analysts downgraded shares of Chinese battery maker CATL over concerns about how the U.S. EV tax credits could impact their business. Yahoo Finance automotive reporter Pras Subramanian breaks down how this news could impact EV… Continue reading How Tesla’s tax credit victory is a loss for Chinese battery maker CATL
@BMW: BMW M Motorsport News, 6th June 2023002759
Björn Lellmann, Head of Customer Racing at BMW M Motorsport: “Last weekend, BMW M Motorsport teams were in action in Europe, Asia and North America. The biggest success was the win for BMW M Team Studie with the BMW M4 GT3 in the GT300 class of the Japanese Super GT Championship. I would like to… Continue reading @BMW: BMW M Motorsport News, 6th June 2023002759