🦉 Ford Stock Skids Further into Value Territory
Major automaker Ford Motor Co. (NYSE: F) shares have been facing pressures, sending its stock down to May 2023 levels. Shares are still trading up 7% for the year. Still, a looming strike with the United Auto Workers (UAW) union threatens production schedules for the Big 3 automakers, which also include General Motors Co. (NYSE: GE) and Stellantis NV (NYSE: STLA). Whether the markets have priced in the worst-case scenario has yet to be answered. Shares have fallen to value territory as they trade 5.64X forward earnings with a 5.1% dividend yield, well below its 10-year average price-earnings (P/E) ratio of 12.6. EV Production Capacity Boost On the electric vehicle (EV) front, Ford slashed prices on its 2023 Motor Trend Car of the Year F-150 Lightning Electric Truck as Tesla Inc. .
Equity markets advanced on Tuesday on growing hope for a soft landing despite increasing evidence to the contrary. The S&P 500 gained 1.50% at the height of the session, indicating the summer rally was intact. The risk for the market is that the PCE price index is due out later this week and is expected to show core consumer inflation accelerate from the previous month. Data such as this aligns with the idea the FOMC will hike rates at least once more this year; hot data with the idea of multiple hikes by the end of the year.
Evidence of mounting risk includes the latest news from the FDIC. The FDIC proposes raising debt requirements for regional banks to match that of their larger competitors. The move is intended to bolster balance sheets and protect depositors should an institution collapse. With interest rates set to rise, the FDIC is getting ready for the next banking crisis, and it could begin this fall.
Major automaker Ford Motor Co. (NYSE: F) shares have been facing pressures, sending its stock down to May 2023 levels. Shares are still trading up 7% for the year. Still, a looming strike with the United Auto Workers (UAW) union threatens production schedules for the Big 3 automakers, which also include General Motors Co. (NYSE: GE) and Stellantis NV (NYSE: STLA). Whether the markets have priced in the worst-case scenario has yet to be answered. Shares have fallen to value territory as they trade 5.64X forward earnings with a 5.1% dividend yield, well below its 10-year average price-earnings (P/E) ratio of 12.6. EV Production Capacity Boost On the electric vehicle (EV) front, Ford slashed prices on its 2023 Motor Trend Car of the Year F-150 Lightning Electric Truck as Tesla Inc.
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The cryptocurrency fund manager Grayscale won a major court battle Tuesday against the Securities and Exchange Commission, paving the way for the first bitcoin exchange-traded fund. Grayscale sued the SEC last year when the securities regulator denied its application to turn its bitcoin fund, known as GBTC, into an ETF. The ETF would be backed by bitcoin instead of bitcoin futures, according to Grayscale's application at the time. The SEC rejected the company's application over concerns about investor protections and other issues. However, the District of Columbia Court of Appeals sided with Grayscale, handing the SEC another setback in its attempt to regulate cryptocurrencies.Bitcoin jumped 8% Tuesday.
Two major players in the insurance and financial management sector are currently showing indications of a trend shift, setting the stage for a significant breakout. The recent price movements and the formation of bullish technical patterns serve as a clear signal to investors and momentum traders. This suggests that a substantial shift in momentum is in the making, potentially leading to a breakout. Despite shares of both insurance companies having faced a challenging year so far and notably lagging behind the broader market, a reversal of fortunes might be on the horizon. Prudential Financial (NYSE: PRU) and MetLife (NYSE: MET), distinguished insurance and financial management giants, have experienced negative performance year-to-date (YTD).
Apple, Amazon, Volkswagen, Samsung, Google, Microsoft These are just a few of the major companies pulling their investments out of China at record speed. What the heck is going on? And why could this tidal wave of capital flowing out of China offer a huge opportunity for Americans in the next 18months?
Best Buy sales and profits slid in the second quarter as the nation's largest consumer electronics chain continues to wrestle with a pullback in spending on gadgets after Americans splurged during the pandemic
AI is hot; today’s craze is just the tip of the iceberg. While large language models, generative AI, and image-producing algorithms are neat, the next phase of AI will start generating cash flow for companies other than NVIDIA (NASDAQ: NVDA) and the data center group in which generative AI is grounded. That phase is AI's industrialization, which will be facilitated by the IoT, edge computing, and computer vision stocks like the ones listed here. These are the leading players in computer vision. Computer vision is an industry that the mass-market embedding of AI technologies suc...
Amazon CEO Andy Jassy is doubling down on the company's return to office policy.The internet giant announced a return to-office mandate in February that would require all full-time employees to be in the office at least three days a week by May 1. The change garnered a great deal of pushback, including a petition against the policy with 30,000 signatures from Amazon workers—that was rejected by the company.Although the mandate went into effect in the spring, employees are still questioning the decision. In an internal meeting earlier this month, Jassy allegedly said employees can either accept...
The Q2 earnings reporting is all but finished, and the analysts have decided who the winners are. The most obvious takeaway from Marketbeat’s Most Upgraded Stock list is that the rankings changed. Last quarter's winners are losing ground to the next batch of stocks that could produce solid gains for investors. That said, last quarter’s winners continue to shine (if with lower ranking) and should produce solid results in Q3 and for the year. NVIDIA Takes 1st Spot! As surprising as it is, NVIDIA (NASDAQ: NVDA) was not the most upgraded stock from Q1 reporting or over the summer, but that has changed.
Elon Musk's contentious takeover of the app formerly known as Twitter and its rebrand to "X," a.k.a. the "everything app," has received mixed reviews on social media.Still, while X users have been quick to blast Musk on his own platform, it's rare to see the SpaceX and Tesla CEO criticized publicly. But that's exactly what happened during the Valorant World Championship Final on Sunday, when the billionaire was booed and chanted at during a live broadcast.Musk attended the video game championship in Los Angeles over the weekend and was briefly shown on camera, only for the crowd to erupt in je...
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