|Bid||39.34 x 800|
|Ask||39.35 x 2200|
|Day's range||38.86 - 39.40|
|52-week range||34.50 - 46.76|
|PE ratio (TTM)||N/A|
|Earnings date||25 Jul 2018|
|Forward dividend & yield||1.52 (3.82%)|
|1y target est||49.39|
Waymo, the Google subsidiary testing self-driving technology on public roads, is picking up speed. The company’s autonomous vehicles just drove 8 million miles on public roads. What’s more, it took the company just one month to go from 7 million miles to 8 million miles driven. “We’re driving now at the rate of 25,000 miles every day on public roads,” CEO John Krafcik said Friday while addressing the National Governor’s Association.
When Detroit's automakers report earnings on Wednesday, they are likely to highlight escalating tariffs and use the opportunity to warn investors of far greater pain ahead should U.S. President Donald Trump impose broader tariffs on the industry's vehicles and parts, consultants and analysts said. "The automakers really want to get that narrative out there," said Jeff Schuster, president for the Americas at consultancy LMC Automotive, who stressed it is unusual for General Motors Co (GM.N), Ford Motor Co (F.N) and Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) to post quarterly earnings on the same day. "All three automakers are on the same page with tariffs," he added.
The automobile sector is known to be highly capital-intensive due to huge fixed and raw material costs in the auto manufacturing business. That’s one of the key reasons that major automakers (VCR) General Motors (GM), Ford Motor (F), Toyota Motor (TM), and Fiat Chrysler Automobiles (FCAU) extensively utilize debt.
Domestic automakers will suffer equally if tariffs are imposed on car imports, as a number of U.S. carmakers have their production units offshore.
In the previous part of this series, we looked at analysts’ estimates for General Motors’ (GM) Q2 revenue. Its revenues are expected to be flat YoY (year-over-year) in the second quarter. Let’s move on to analysts’ estimates for GM’s Q2 2018 profit margins.
In value investing, investors pick stocks that are cheap but fundamentally sound. So, chances are high that these stocks will allow investors to book profits when the market trends upward.
Strong sales of Chevrolet and GMC are likely to have a positive impact on General Motors' (GM) soon-to-be-released second-quarter results.
In Q1 2018, General Motors (GM) reported revenue of $36.1 billion, which reflected a decrease of 3.1% from $37.3 billion in Q1 2017. Its lower global sales volume continued to hurt its first-quarter revenues. It was the fourth consecutive quarter for GM’s revenue to fall. Now let’s find out what analysts are estimating for GM’s Q2 2018 revenue.
Major companies tentatively scheduled to post quarterly earnings next week: MONDAY Alphabet Inc. reports quarterly financial results after the market close. WEDNESDAY Boeing Co. reports quarterly financial ...
Trump signed an executive order creating the National Council for the American Worker, intended to beef up training and education for American workers.
Asian markets wobbled Friday on signs that China and the U.S. were preparing to impose more tariffs on each other's products. KEEPING SCORE: Japan's Nikkei 225 lost 0.5 percent to 22,652.42 and South Korea's ...
While Ford (F) stock underperformed the S&P 500 in Q2 2018, General Motors (GM), Tesla (TSLA), and Ferrari (RACE) outperformed broader markets. Ford faced negative sentiment due to trade concerns. On the brighter side, growth in Q2 US light vehicle sales boosted investor confidence and prevented auto stocks falling significantly.
In the previous part of this series, we looked at analysts’ expectations for General Motors (GM) in Q2 2018, which indicated a minor weakness. Other than earnings estimates, investors should also be aware of Wall Street analysts’ ratings since they could have an impact on the stock. Now let’s see what analysts are recommending for GM before its second-quarter earnings event.
This week I discuss two companies within the Income Investor portfolio; Johnson & Johnson (JNJ) and General Motors (GM).
US auto giant General Motors (GM) is set to release its Q2 2018 earnings on July 25. According to 2017 US auto sales volumes, GM had the largest market share in its home market, surpassing Ford Motor (F), Toyota (TM), and Fiat Chrysler Automobiles (FCAU).
According to a CNBC report, analyst Rajvindra Gill at Needham expects the Model 3 cancellation rate to have doubled in less than a year. Before Tesla reached its Model 3 production milestone of 5,000 units per week at the end of the second quarter, Morgan Stanley analyst Adam Jonas was not expecting Tesla to achieve a rate of 5,000 units per week until the first half of 2019. In fact, Tesla’s efforts to exponentially boost Model 3 production might have given confidence to Model 3 reservation holders who have already waited for many quarters to stick to their reservations a little longer.
Zacks.com featured highlights include: General Motors, Microchip Technology , NRG, AMC and Celanese
The procession of industry groups and foreign governments lining up to oppose President Donald Trump’s car tariffs is starting to look like a rush-hour traffic jam. The Commerce Department will hold public hearings Thursday on its probe into whether imports of passenger vehicles imperil U.S. national security. Judging from the list of speakers, the administration will find little if any support for the idea that foreign cars undermine America’s ability to defend itself.
IBM, General Motors Co. and Lockheed Martin Corp. are among a slate of companies that will advise the government on how to deal with the threat of automation facing American workers, according to a person familiar with the arrangement. Representatives of the companies will form an advisory board for a council led by Ivanka Trump and Secretary of Labor Alex Acosta. FedEx Corp. and Home Depot Inc. were also confirmed for the board, while Apple Inc. and Blackrock Inc. had considered joining as well, the person said.
A group representing major automakers will tell the U.S. Commerce Department on Thursday that imposing tariffs of 25 percent on imported cars and parts would raise the price of U.S. vehicles by $83 billion (63.47 billion pounds) annually and cost hundreds of thousands of jobs. The Alliance of Automobile Manufacturers, whose members include General Motors Co (GM.N), Volkswagen AG (VOWG_p.DE) and Toyota Motor Corp , said it plans to issue the warning at a public hearing on Thursday. "Higher auto tariffs will harm American families and workers, along with the economy" and "would raise the price of an imported car nearly $6,000 and the price of a U.S.-built car $2,000," the group said in its testimony released on Wednesday.
WASHINGTON (AP) — Having started a trade war with China and enraged U.S. allies with steel tariffs, President Donald Trump is primed for his next fight. He is targeting a product at the heart of the American experience: cars.
Jul.18 -- U.S. President Donald Trump and European Commission President Jean-Claude Juncker will meet next week to explore the possibility of beginning talks on auto import tariffs. Bloomberg's David Welch reports on "Bloomberg Markets: The Open."