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Among companies that advertised during the big game, these generated the highest positive social media activity as measured by LikeFolio.
The broader market started December 11 on a positive note, with the S&P 500 benchmark trading at a 1.3% rise as of 9:34 AM EST. Auto stocks are leading the stock market rally (QQQ) today. General Motors (GM), Ford Motor Company (F), and Fiat Chrysler Automobiles (FCAU) have risen 3.5%, 3.2%, and 2.5%, respectively.
Nokia’s (NOK) sales have mostly been on a decline in recent years, and the company is banking on the adoption of 5G connectivity to help it return to growth. To ensure that it can maximize its commercial opportunities in the 5G era, Nokia has been working on addressing its funding needs.
Since President Donald Trump began his presidential campaign, he has been targeting auto companies (XLY) for cutting jobs and making US auto workers suffer. On many occasions, he has openly spoken out against large auto companies, including General Motors (GM), Ford Motor Company (F), and Toyota Motors (TM), for selling foreign-made vehicles in the US market.
Alphabet's (GOOGL) Google division plans to accelerate the closure of its social network Google+ ahead of schedule, owing to another security flaw.
Let’s now compare Sprint’s (S) technicals with those of telecom peers. Recently, Sprint stock fell below its short-term (20-day) moving average, a bearish sign. On December 4, Sprint stock closed at $6.16, 0.8% below its 20-day moving average of $6.21, 1.6% below its 50-day moving average of $6.26, and 0.7% above its 100-day moving average of $6.12. In comparison, Verizon (VZ) and T-Mobile (TMUS) were trading 5.6% and 0.3% above their 100-day moving averages, respectively, while AT&T (T) was trading 3.8% below its average. Relative strength index
The possibility of reduced Chinese tariffs on U.S. cars has lifted GM and Ford, while Advanced Micro Devices was gaining after getting named a top pick at Cowen.
With the U.S. wireless telecom industry continuously evolving, the companies in the league are fighting it out to stay abreast of competition.
China is moving to cut import tariffs on American-made cars to 15 percent from the current 40 percent, Bloomberg reported on Tuesday citing people familiar with the matter. Shares of U.S. automakers including General Motors Co (NYSE:GM - News) and Ford Motor Co (NYSE:F - News) rose about 2 percent in premarket trading on hopes that the move could revitalize sales that took a hit when China ramped up levies on U.S.-made cars.
show that it has never been easy for the global auto industry to pull off mergers and partnerships. Putting auto makers together often makes sense—on paper—because of potential cost savings, but such pairings can be difficult to run successfully because of culture clashes, turf wars and difficulties integrating technologies across vehicle lineups, management experts and industry analysts say. Executives at car companies also fear that too much blending of parts and plans can blur distinctions between brands, making models look too similar, industry executives and analysts say.
Of the 22 Reuters-surveyed analysts tracking Sprint (S) stock on December 4, 14 (~63%) recommended “hold,” five recommended “sell,” and three recommended “buy.” Their median target price of $6 for the stock implies a 2.6% downside over the next 12 months from its current price of $6.16.
Moody's Investors Service on Tuesday lowered Anheuser-Busch InBev NV's credit rating to Baa1 from A3, after putting the grade on review for a cut in early October. This confirms that life has been getting grimmer for Megabrew since it came into existence two years ago. AB InBev has been lumbering under about $100 billion of debt, while grappling with a plunge in emerging market currencies that has hurt profits.
Shares of General Motors and Ford jump in premarket trading on a report that China is moving toward cutting tariffs on autos made in the U.S.
Shares of General Motors, Ford and Tesla jump after Bloomberg News reported that China is moving toward cutting tariffs on autos made in the U.S. Trump tweeted earlier this month that China had agreed to lower the tariffs. Shares of General Motors and Ford jumped on Tuesday on a Bloomberg News report that China is moving toward cutting tariffs on autos made in the U.S.
1016 GMT - WPP bondholders are unimpressed by the U.K. advertising group’s strategic plan to restructure the business, as they demand higher compensation for holding the company’s bonds. ’s credit rating downgrade by Moody’s Investors Service is largely priced in but spreads are likely to weaken on Tuesday, says ING. AB InBev is struggling to bring down its debt levels following the acquisition of SABMiller due to underperformance of some emerging economies and currency fluctuations.
Moody’s lowered AB InBev’s senior unsecured debt ratings to Baa1 from A3, putting the world’s largest beermaker three steps from junk, the ratings firm said in a statement Monday. AB InBev, based in Leuven, Belgium, has the biggest debt load in the global food and drink industry. If the Hoegaarden brewer can’t cut that ratio to 4.5 or lower by the end of 2020, Moody’s said it could lower the credit rating even further.
In the latest trading session, General Motors (GM) closed at $34.42, marking a -0.78% move from the previous day.
Jim Cramer gets the latest on Splunk with President and CEO Doug Merritt, who details his platform's latest upgrades.
Let’s see where Tesla stock might be headed this time. On December 7, Jefferies upgraded its “hold” rating on Tesla to “buy,” according to a CNBC report. Jefferies also raised its target price for Tesla stock to $450 from $360.
Stock futures signal more losses. The relative strength line spots market leaders, such as Tesla now. But Dow stocks Apple, Boeing and Visa show why you shouldn't buy on the RS line alone.
The United States and Australia have banned Huawei products from being used to build their 5G networks. According to a recent report by the Wall Street Journal, the United States has even gone the extra mile to ask friendly countries to shun Huawei products in their 5G network buildout. Huawei is a fierce rival of Ericsson (ERIC) in the telecom equipment vendor market.
The Zacks Analyst Blog Highlights: Fiat Chrysler Automobiles, General Motors, Ford Motor, Honda Motor and Toyota Motor
As of December 4, Sprint’s (S) market capitalization was $25.1 billion, making it the fourth-largest US mobile carrier. In comparison, T-Mobile’s (TMUS) market capitalization was $56.5 billion, Verizon’s (VZ) was $240 billion, and AT&T’s (T) was $223.7 billion.
General Motors is fighting to retain a valuable tax credit for electric vehicles as the nation's largest automaker contends with the political fallout triggered by its plans to shutter several U.S. factories and shed thousands of workers. Preserving the $7,500 tax incentive for buyers is crucial for GM as the company pivots from internal combustion engines in favour of building cars powered by batteries or hydrogen fuel cells. It helps make plug-ins such as the $36,000 Chevy Bolt more affordable at a time when competition from other electric vehicle makers is heating up.