Fiat Chrysler: Undervalued Auto OEM With Multiple Catalysts On The Horizon
Paul Goncalves, CFA • 18 Comments
Paul Goncalves, CFA • 18 Comments
Tue, Jul. 12, 9:24 AM
Fri, Jul. 8, 12:00 PM
Tue, Jul. 5, 9:15 AM
Fri, Jul. 1, 6:11 PM
- A series of record-June announcements from automakers today added up to U.S. auto sales marking an overall record for the first six months of the year.
- Sales were up 1.5% to 8.65M units vs. a year-ago 8.5M. June sales rose 2.5% to make up for a May disappointment.
- Most automakers posted gains -- including Ford Motor (F +1.2%), Fiat Chrysler (FCAU +2%), Nissan (OTCPK:NSANY +0.5%), Honda (HMC -0.8%), Hyundai (OTC:HYMLF) and Subaru (OTCPK:FUJHY -1.7%) -- and many set records. Meanwhile, Volkswagen (OTCPK:VLKAY +3.4%), Toyota (TM -0.4%) and General Motors (GM +2.1%) saw declines.
- Overall sales are starting to flatten out after six years of growth, but low gas prices and interest rates are presaging that automakers can hold this level of success for some time.
Fri, Jul. 1, 10:36 AM
- Fiat Chrysler Automobiles (FCAU +2.5%) posted unit sales +6.5%, short of Edmunds' forecast for 6.7% gains.
- Jeep brand had its best June sales ever (up 17%) and Ram Truck sales were up 14% in its best June in a decade.
- Car sales fell 13%, to 54,707 units.
- Utility vehicles: up 17%, 101,129 units.
- Trucks up 14% to 41,236.
- YTD U.S. sales are up 6% to 1,152,259 units (cars -9%, utilities +16%, trucks +11%).
Fri, Jun. 24, 12:00 PM
Fri, Jun. 24, 9:11 AM
- Gainers: AAU +20%. VGZ +18%. MUX +13%. AKG +12%. GPL +13%. GORO +12%. GFI +12%. EMES +12%. GOLD +12%. AU +12%. SBGL +11%. EXK +11%. KGC +10%. HMY +11%. SAND +10%. ABX +10%. EGO +9%. SA +7%. IAG +9%. AUY +9%. CDE 9%. NGD 9%. AEM 8%. NEM 8%. GG 8%. NG 8%. FSM 7%.
- Losers: LYG -27%. BCS -26%. SAN -24%. RBS -23%. AV -23%. BBVA -22%. DB -18%. ING -18%. BT -18%. VNR -11%. TEF -17%. CS -16%. PUK -15%. MT -15%. AEG -14%. RYAAY -13%. UBS -12%. FCAU -12%. GNCA -12%. NOK -12%. BBL -11%. IPI -11%. TOT -11%. ANFI -11%. MNKD -10%. BCEI -8%. VMEM -10%.
Mon, May 23, 9:58 AM
- Shares of Fiat Chrysler (NYSE:FCAU) are down 4.8% in the U.S. after falling by a similar level in Europe.
- All eyes are on the findings from the Federal Motor Transport Authority in Germany to see if the agency's report that the company cheated with emissions testing alters the view with regulators from Italy and the EU.
- European automakers Ferrari (RACE -1.3%), BMW (OTCPK:BAMXY -1.6%), and Daimer (OTCPK:DDAIF -2.1%) are on watch amid the crumbling in confidence in the sector.
- Previously: Fiat Chrysler suspected of emissions cheating (May 23)
Thu, May 19, 6:56 PM
- Google's (GOOG -0.9%, GOOGL -0.9%) CEO of autonomous cars says there's no plans to expand a partnership with Fiat Chrysler (FCAU -3.3%) on building such a car for market.
- "This is just FCA and Google building 100 cars together," John Krafcik said at an energy conference in Washington.
- The two companies described a partnership early this month where the two would build 100 Pacific minivans, but each firm said the deal wasn't exclusive and that they could seek out other partners.
- Those vehicles weren't designed for sale, and Google said it wasn't sharing proprietary info with Fiat Chrysler, but FCA CEO Sergio Marchionne had suggested the deal could evolve into something stronger.
- There's no timetable for marketing the cars, Krafcik says, but: "We have a responsibility to get this out there as soon as we can and really as soon as we have data that says we're better than the current system of flawed human drivers ... As soon as we're better, we should push the button and go."
- Now read Google's Payoff: After A Decade Of Research, Search Turns Into AI »
Mon, Apr. 4, 5:42 PM
Tue, Mar. 29, 9:44 AM
Mon, Feb. 22, 10:19 AM
- Shipping stocks are on the move after the large jump in crude oil prices eases some anxiety over demand.
- Notable gainers include Diana Shipping (DSX +12.1%), Navios Maritime Partners (NMM +6.5%), Frontline (FRO +6.6%), and Scorpo Bulkers (SALT +5.9%).
- The trucking sector is also ahead of broad market averages off the oil news. ArcBest (ARCB +4.4%), Swift Transportation (SWFT +1.6%), Celadon Group (CGI +2%), and Knight Transportation (KNX +2.6%) (also upgraded) are on the rise.
- Railroad industry players CSX (CSX +3.8%) and Genesee & Wyoming (GWR +3.7%) are up sharply.
- On the vehicle manufacturing/supplier side, solid gainers include Meritor (MTOR +6.7%), Dana Holding (DAN +2.7%), Westport Innovations (WPRT +3.9%), Oshkosh (OSK +3.8%), Navistar (NAV +5.4%), and PACCAR (PCAR +2.3%).
- The Detroit Three are all in rally mode as well. Ford (NYSE:F) and GM (NYSE:GM) are up 2%, while Fiat Chrysler Automobiles (NYSE:FCAU) is 3.3% higher.
- Previously: Oil prices rebound, WTI heads back above $30 (Feb. 22 2016)
Wed, Feb. 10, 9:15 AM
Mon, Feb. 8, 9:19 AM
Tue, Jan. 26, 9:22 AM
Thu, Jan. 14, 1:52 PM| Thu, Jan. 14, 1:52 PM | 2 Comments
Fiat Chrysler Automobiles NV engages in the automobile business, which designs, engineers, manufactures, distributes and sells vehicles, components and production systems. The company's activities are carried out through six reportable segments: four regional mass-market vehicle segments, a... More
Sector: Consumer Goods
Industry: Auto Manufacturers - Major
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