manufacturing
Porsche AG (P911) share price is in deep trouble and the situation could worsen in the coming weeks as its electric vehicle (EV) business slows. The stock crashed to a low of €76 on Monday, its lowest swing since January 26th. It has plunged by over 36% from its highest point on record. Porsche’s China woesPorsche’s stock has imploded as the company has reported weak financial results. Its total sales crashed frm €10.09 billion in Q1’23 to over €9.0 billion in Q1’24. Its battery electric vehicles segment’s revenue tumbled from over €11.4 billion to over €5.7 billion in Q1’24. Porsche’s profits...
Invezz
Ford Motor Co (NYSE: F) is up roughly 20% versus its year-to-date low but a Bernstein analyst is convinced it has significant room still to the upside. Ford stock could climb to $16Daniel Roeska assumed coverage of the legacy automaker last week with a “buy” rating and said it shares could climb to $16 which translates to about a 33% upside from here. The EV segment of $F known as the “Model e” lost $4.7 billion in 2023. Still, the Bernstein analyst told clients in a recent research note: While electric execution looms large, we see a clear path to significant operating leverage and ultimately...
Invezz
Boeing Co (NYSE: BA) is in focus this morning after announcing a new contract with the U.S. Air Force. Details of new Boeing-Air Force dealThe aerospace and defence giant has signed a $7.48 billion agreement related to JDAM (Joint Direct Attack Munition) with the Air Force Life Cycle Management Center, Hill Air Force Base, UT. $BA expects the contract that will see it deliver JDAM tail kits, repairs, spares, technical and Laser Joint Direct Attack Munition sensor kits to be completed by early 2030. The news arrives about a month after Boeing Co reported its financial results for the first quar...
Invezz
Innovative Eyewear Inc (NASDAQ: LUCY) is up nearly 500% at writing even though there hasn’t been any particular news to catalyse that kind of a rally in shares of the smart glasses company. Innovative Eyewear stock trading volume is up massively$LUCY did not post a press release or file with the Securities and Exchange Commission of the United States on Friday. None of the Wall Street analysts issued a bullish note in its favour either. Still, more than 85 million shares of the Florida based company have exchanged hands today as of writing. The daily trading volume is up sharply from close to ...
Invezz
Lilium N.V. (NASDAQ: LILM) is in focus this morning after announcing a $114 million financing. Details of $LILM financingInsiders and existing shareholders participated significantly in the announced financing, as per the press release on Friday. $LILM plans on using the net proceeds to fund operations and for general corporate purposes. The financing is another step towards the “first manned flight of the Lilium Jet targeted for late 2024”. The news arrives about a month before Lilium is scheduled to report its financial results for the first quarter. Consensus is for it to lose about 14 cent...
Invezz
It’s another bad week for Chinese electric vehicle companies like Li Auto (LI), XPeng (XPEV), Nio (NIO), and Lotus Technology (LOT) as signs show that the industry is deteriorating with no end in sight. Last week, the biggest news was the decision by Joe Biden to levy tariffs on Chinese companies in a bid to protect the domestic industry. Of course, these tariffs will likely not work out as most companies will simply move their manufacturing plants to Mexico. The European Commission is also considering additional tariffs for these companies, a move that will attract retaliation from Beijing. R...
Invezz
This week, the market focus will be on the manufacturing activities of major global economies, particularly in Europe and the United States. Other influential economic events include the UK inflation data and the Reserve Bank of New Zealand's (RBNZ) interest rate decision, which will provide insights into their respective economic landscapes. Additionally, quarterly earnings from the tech giant Nvidia will be closely watched for clues about the semiconductor industry's trajectory. EuropeBoth France and Germany are set to release their flash manufacturing and services PMIs for May. Manufacturin...
Euronews (English)
Nikola (NASDAQ: NKLA) stock price continued slumping this month as concerns about its cash flow and overall demand. It has crashed by over 18% in the past 30 days and is hovering at its all-time low. It is down by over 99% from its al–time high. Demand risks remainNikola, a leader in the hydrogen trucks industry, has made a lot of progress as I wrote in my last article here. It has moved from R&D to full production and deliveries. In its most recent results, the company said that it had manufactured and sold 75 trucks. Nikola also noted that it was seeing strong demand from its customers. Howe...
Invezz
Analysts at Wolfe Research just replaced Nvidia Corp (NASDAQ: NVDA) with Advanced Micro Devices Inc (NASDAQ: AMD) on their list of top stocks for 2024. Why is AMD a better pick than Nvidia stock?The “tactical shift”, the investment firm told clients in a research note today, is based on “the relative move in stock prices YTD”. AMD stock is down more than 20% versus its year-to-date high while $NVDA is up close to 100% at writing. Wolfe replaced Nvidia stock also because they no longer expect Jensen Huang to deliver an exceptional beat in Q1 on May 22nd. Consensus is for the semiconductor behem...
Invezz
Deere & Co (NYSE: DE) is trading down in premarket on Thursday even though it reported better-than-expected financial results for its second quarter. Why is Deere stock down on Thursday?The stock is being hit primarily because the agricultural equipment manufacturer trimmed its guidance for the future. $DE now forecasts its net income to print at about $7.0 billion. Analysts, in comparison, were at $7.5 billion instead. John C. May – the chief executive of Deere & Co said in a press release today: We’re proactively managing our production and inventory levels to adapt to demand changes and pos...
Invezz
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら