|Bid||9.89 x 34100|
|Ask||9.90 x 47300|
|Day's Range||9.88 - 9.99|
|52 Week Range||7.41 - 11.64|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||12.70|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||0.60 (6.03%)|
|1y Target Est||10.44|
Ford Motor Company will release its second quarter U.S. sales results at approximately 9:15 a.m. EDT Wednesday, July 3, 2019. At 10 a.m. EDT, Mark LaNeve, Ford vice president, U.S.
Aggressive store expansion and digital initiatives aid CarMax (KMX) to cater to a larger customer group. But rising selling, general and administrative expenses are concerns.
Velodyne LiDAR seems to be preparing for its IPO. The company “has hired bankers for an initial public offering,” Reuters said. According to the report, Velodyne LiDAR has chosen Bank of America Merrill Lynch, Citigroup, Royal Bank of Canada, and William Blair to work on its potential exchange listing.
In December 2017, we saw a sharp rally in almost all asset classes as markets started pricing in what many called “synchronized global growth” for 2018. However, as 2018 started drawing to a close, fears of a synchronized global slowdown hit markets. All leading economies were expected to grow at a slower pace in 2019 as compared to 2018.
Yesterday, Winnebago Industries (WGO) released its third-quarter results for fiscal 2019. After yielding solid returns of 75.7% in 2017, Winnebago stock tanked 56.5% in 2018. Last year, the company’s rising dealer inventories and inflating costs due to trade war tariffs hurt investors’ sentiments.
TORONTO — Ontario Premier Doug Ford has revoked the appointments of two people to lucrative foreign posts a day after announcing them, following reports that they had ties to his chief of staff.Ford announced four agents-general appointments, which come with salaries between $165,000 and $185,000, shortly after a massive cabinet shuffle Thursday intended as a reset after a rocky first year in power. The roles aim to drum up business in the province.Taylor Shields, an assistant vice-president of marketing for Chubb Insurance, was appointed to a post in London and Tyler Albrecht, a senior analyst at Optimize Capital Markets, was being sent to New York City.But the premier backtracked less than 24 hours later.The Globe and Mail reported that sources say Shields is related to the wife of Dean French, Ford's chief of staff, and that Albrecht, 26, is friends with one of French's sons. A 2014 tweet from French says one of his sons and Albrecht are former lacrosse teammates.The premier's office would not give a reason for revoking Albrecht and Shields' appointments. Requests for comment from Albrecht and Shields were not immediately returned.Two other appointments are going ahead: Jag Badwal, who is a past president of the Ontario PC Party, is being posted to Dallas, and Earl Provost, who served as chief of staff to Ford's late brother Rob Ford when he was mayor of Toronto, heads to Chicago.New Democrat Taras Natyshak said Ford was trying to "slip first-class gravy train tickets to friends and family.""For Doug Ford to create these posh international appointments for family and friends is gross," Natyshak said in a statement. "For him to try to sweep this under the rug when he's caught is disgusting."The agents-general positions are ones that have not existed in Ontario's government since the 1990s. Ford said Thursday that the positions will help increase investment and jobs in Ontario.Opposition politicians have previously been critical of appointments Ford has made of friends and loyalists.Ford sparked a huge outcry when he named family friend Ron Taverner as Ontario Provincial Police commissioner, an appointment Taverner ultimately turned down. Jenni Byrne left her post as Ford's principal secretary for an appointment with the Ontario Energy Board with an annual salary of about $197,000.Past Progressive Conservative party president Rueben Devlin was granted a three-year term as a health-care adviser, Ford campaign adviser Ian Todd was appointed Ontario's trade representative to the United States, with a $350,000 salary, and Ford family lawyer Gavin Tighe was appointed to the Public Accountants Council.Failed Tory candidate Cameron Montgomery was appointed to lead a standardized testing organization.Allison Jones, The Canadian Press
(Bloomberg) -- Workers at a major auto parts plant in Michigan are poised to return to work after a brief strike Friday, alleviating the threat of a supply disruption for carmakers Ford Motor Co., Tesla Inc. and Fiat Chrysler Automobiles NV.The United Auto Workers called the strike early Friday morning after failing to reach a tentative contract agreement with Faurecia SA. A tentative deal has been reached, Misty Matthews, a Faurecia spokeswoman, said by phone.Faurecia’s plant in Saline, about 40 miles west of Detroit, employs 1,900 UAW members. The factory makes instrument panels, center consoles and other parts and supplies them to Ford, Tesla and Fiat Chrysler.To contact the reporter on this story: Kyle Lahucik in Southfield at firstname.lastname@example.orgTo contact the editors responsible for this story: Craig Trudell at email@example.com, David WelchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
This morning before the market opened, Tesla (TSLA) was trading on a negative note despite a sharp rise in index futures. As of 9:10 AM ET, Tesla stock had fallen 1.2% in the pre-market session to $234.74 after Goldman Sachs cut the target price on the company by about 21%.
Navistar (NAV) to invest $125 million in new manufacturing facilities at its Huntsville, AL-based engine plant. Ford's (F) recall worry continues.
When Donald Trump was elected as the US President in 2016, we saw a sharp rally in some stocks, especially in the metals and mining space. Trump’s pro-growth policies and trillion-dollar infrastructure plans were expected to lift US metal consumption.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Zacks.com featured highlights include: Party City, Ford, JinkoSolar, Legg Mason and Greenbrier
Draghi's decision to take a dovish approach comes a day before the Fed’s policy decision. Fed Chair Jerome Powell is also expected to take a dovish stance, but a rate cut this month looks quite improbable.
The Fed's two-day meeting is scheduled to start on June 19. The Fed will release a statement and announce its interest rate decision on the same day. Expert Jim Grant weighs in on the possibility of an interest rate cut.
(Bloomberg) -- Automakers won control over a choice swath of wireless spectrum 20 years ago on the promise of delivering safety innovations to vehicles.Now, after failing to deliver widespread breakthroughs, they’re at risk of losing those frequencies to Comcast Corp. and other cable companies that say they can use them to offer robust Wi-Fi links to subscribers.The years-long struggle between the industries is nearing an inflection point, with Federal Communications Commission Chairman Ajit Pai signaling he may consider new uses for the airwaves. Pai could announce as early as Tuesday that he’ll schedule a vote to re-examine the allocation at the commission’s meeting next month.“The spectrum, for 22 years, has not reached its highest valued use, and that’s part of the reason why I think it’s important to have an open conversation,” Pai said at a Senate hearing last week. “I’m not saying what the answer should be, I’m simply saying let’s ask the questions that would enable us to have an informed conversation.”That conversation has already kicked off a flurry of activity by stakeholders. A team at Ford Motor Co. gave Pai a ride in a specially outfitted F-150 pickup truck earlier this month. The idea was to demonstrate the technology that could, for example, warn of a scooter’s approach or judge when it’s safe to enter an intersection.“Grateful to Ford for showing us a glimpse of the future,” Pai said in a tweet after his parking-lot spin. “It’s important to have an open conversation about the future of this band” of airwaves.Ford and other carmakers including BMW AG and Toyota Motor Corp., don’t want to lose the rights they gained in 1999 from the FCC for a system designed to link cars, roadside beacons and traffic lights into a seamless wireless communication web to avoid collisions and heed speed limits.Yet after nearly two decades, deployments have been few. An Obama administration proposal to mandate the technology in new cars has been left to languish under the deregulatory agenda pursued by President Donald Trump. General Motors Co. introduced the first factory-equipped model, a Cadillac sedan, just two years ago. And in April, Toyota scrapped plans to equip its cars with the systems starting in 2021.Now even automakers are moving away the original system, and see greater promise in a newer method based on cellular radios -- the system in the F-150 that Ford showed off for the FCC’s Pai. Ford plans to begin equipping all of its U.S. vehicles with the systems starting in 2022.That is an issue for carmakers as the 1999 allocation of airwaves by the FCC locked them into the system envisioned then. They need new rules to use a cellular system, which is backed by several companies including Ford, Audi AG and gear maker Qualcomm Inc.Ford, in a statement, said it is “critical” for the FCC to allow the newer, cellular-based method to use the airwaves because it will become the dominant technology to connect vehicles, infrastructure and pedestrians.Cable providers have pounced, characterizing the currently mandated system as fostering “two decades of stagnation.”They’ve called for ending carmakers’ exclusive rights to the frequencies at 5.9 GHz and allocating all or most of the band to the Wi-Fi systems that carry web traffic for most cable customers.Some consumer groups agree. They include the Consumer Federation of America, the American Library Association, Public Knowledge and the Open Technology Institute at New America.“The best outcome for consumers is to move vehicle safety signaling to a different set of frequencies and allow next generation Wi-Fi to use 5.9 GHz,” Michael Calabrese, director of the Wireless Future Project at the Open Technology Institute, said in an email.Pai controls the FCC’s agenda, and his impatience ushers in a moment of promise -- and peril.“We could maintain the status quo” but “I am quite skeptical that this is a good idea,” Pai said in a speech last month to a gathering that celebrated the Wi-Fi signals used for connections in hotel lobbies, coffee shops and homes.Pai said it would take a formal rulemaking to allow greater Wi-Fi use of the swath, or to let automakers exploit the band for the cellular safety system.Skepticism has arisen within the Trump administration. Transportation Secretary Elaine Chao telephoned Pai to urge the FCC not to use its June meeting to commence its consideration of the airwaves, according to one official briefed on the matter who spoke on condition of anonymity because the conversation wasn’t public.While Transportation Department officials haven’t advanced the previous administration’s proposed mandate, they want autos to hold onto the airwaves.“Preserving the spectrum for transportation safety, which can save lives, is probably more important than slightly faster Wi-Fi,” Derek Kan, the Transportation Department’s undersecretary for policy, said in an interview June 3.To contact the reporters on this story: Todd Shields in Washington at firstname.lastname@example.org;Ryan Beene in Washington at email@example.comTo contact the editors responsible for this story: Jon Morgan at firstname.lastname@example.org, Elizabeth Wasserman, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
GM is one of many automakers trying to chase Tesla (TSLA) as the top electric and autonomous vehicle manufacturer, with plans to produce 20 models of electric cars by 2023.