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Wed, Jan. 13, 7:08 AM
Dec. 8, 2015, 4:37 PM
- Credit Suisse updated its list of favorite consumer discretionary stocks after factoring in consumer spending trends.
- Apparel & Footwear: Acquisitions and a mix shift toward premium products could help lift shares of Hanesbrands (NYSE:HBI), according to the investment firm.
- Autos & Auto Parts: Magna International (NYSE:MGA) is well-positioned due the trend toward "vehicle globalization."
- Gaming & Lodging: Six Flags (NYSE:SIX) has an attractive dividend yield and could see pricing gains.
- Homebuilding & Building Products: Caesarstone (NASDAQ:CSTE) is poised to see “significant" revenue and EBITDA growth over the next several years.
- Media, Cable & Satellite: Time Warner (NYSE:TWX) is called a value pick as the underlying business looks under-appreciated if the valuation of HBO is stripped away.
- Packaged Food: The risk-reward profile on Kellogg Company (NYSE:K) sets it apart from peers.
- Retail, Broadlines & Department Stores: Consistency continues to reign supreme at Costco (NASDAQ:COST).
- Retail, Food & Drug: Comp sales are improving at Dollar General (NYSE:DG). An aggressive share repurchase strategy also provides investors a backstop.
- Retail, Hardlines: Home Depot Inc (NYSE:HD) is tapped to outperform with the right management team in the right business.
- Restaurants: Perhaps the biggest surprise of the bunch, McDonald's (NYSE:MCD) is given the nod by CS. Same-store sales improvement is expected.
Nov. 5, 2015, 10:14 AM
- Magna International (MGA -12.2%) reports sales rose 3% if the impact of the currency swings is backed out in Q3.
- North American light vehicle production increased 4% to 4.259M.
- European light vehicle production expanded 4% to 4.676M.
- Segment sales: North America: $4.591B (+1.1%); Europe: $2.642B (-16.5%); Asia: $428M (-10.6%); ROW: $115M (-39.5%).
- Production sales: North America: $4.28B (+1%); Europe: $1.70B (-18%); Asia: $346M (-12%); ROW: $111M (-38%).
- Complete vehicle assembly sales dropped 32% to 522M.
- Gross margin rate declined 30 bps to 13.9%.
- SG&A expense rate decreased 10 bps to 4.7%.
- Adjusted EBIT squeezed 10% to $565M.
- FY2015 Guidance: Light vehicle production (units): North America 17.4M and Europe 20.5M; Total sales: $31.3B to $32.6B; Complete vehicle assembly sales: $2.3B to $2.5B; Operating margin: ~7.7%; Tax rate: ~26%; Capex: ~$1.5B.
- FY2015 Production sales: North America: $17.4B to $17.8B; Europe: $7B to $7.3B; Asia: $1.5B to $1.6B; ROW: $0.4B to $0.5B; Total production sales: $26.3B to $27.2B.
Nov. 5, 2015, 9:10 AM| Nov. 5, 2015, 9:10 AM | 32 Comments
Nov. 5, 2015, 9:05 AM
- Magna International (NYSE:MGA): Q3 EPS of $1.13 beats by $0.04.
- Revenue of $7.7B (-6.7% Y/Y) misses by $50M.
- Shares -7% PM.
Nov. 4, 2015, 5:30 PM
- AAWW, ACIW, ACRE, ACTA, AES, AGIO, AGU, AINV, ALSK, AMCX, AMED, AMRC, ANSS, APA, ATHM, AZN, BBEP, BCE, BCRX, BDBD, BEE, BR, CCC, CCOI, CECE, CELG, CLDT, CNK, CNP, CNQ, CNSL, CONE, COTY, CROX, CSTM, CWEI, DNR, DUK, EGL, ENB, ENDP, ENOC, ESI, FUN, GEO, GLOG, GLP, GOGO, HFC, HGG, HII, HRC, INSY, IRC, IT, ITC, ITG, KATE, KOP, LAMR, LBY, LINE, LPI, LXP, MEG, MGA, MITL, MPEL, MPW, MSG, MSO, MVIS, MZOR, NDLS, NGS, NHI, NILE, NRP, OGE, OMED, PBH, PDCE, PRFT, PRIM, PWE, PWR, RDUS, RGEN, RGLD, RICE, RL, RLGY, RRD, RVLT, RWLK, SCOR, SEAS, SFM, SFY, SJI, SNSS, SPAR, SRC, SRPT, SSTK, STN, STWD, SYMC, TAP, TDC, TE, THS, TIME, TK, TLP, TNK, TRXC, TU, USAC, VC, VER, VIVO, WAC, WIN, WPP, ZEUS
Sep. 23, 2015, 3:39 PM
- Auto parts supplier Magna International (MGA -1.8%) is downgraded to Sector Perform from Sector Outperform with a $52 price target, cut from $62.50, at CIBC in the wake of the Volkswagen emissions scandal.
- CIBC notes that while MGA does not make diesel engines, it does make parts used in some Volkswagen vehicles and any slowdown in the carmaker’s sales could slow earnings growth for MGA.
- MGA took 11% of its 2014 revenue from VW, which is MGA's sixth-biggest customer, but MGA's diversified customer base may allow the company to make up any shortfall from a slowdown in volumes at VW, Canaccord analyst David Tyerman says.
- Shares have shed nearly 7% in the last two trading sessions.
Aug. 28, 2015, 11:10 AM
- There's plenty of precedent for the recent market action, says Morgan Stanley's Adam Parker, noting the market has dropped more than 5% 16 times since March 2009, and each time has moved on to new highs.
- His half-glass view is that the economy is in the middle of its longest expansion ever, and a less-active Fed, a nervous consumer maybe saving more, a lower oil price, and a flattish dollar all argue for continued expansion.
- Morgan's top ideas to buy on the pullback: AGN, AMZN, AAPL, AVGO, BAC, BKU, DAL, GILD, GOOG, GOOGL, HLT, JPM, KR, LEN, LMCK, MGA, MBLY, NWL, QCOM, SABR, CRM, SBAC, SBUX, BX, TMO, VRSK, WWAV, XL.
Aug. 7, 2015, 6:44 AM
- Magna International (NYSE:MGA) reports sales rose 1% if the impact of the currency swings is backed out.in Q2.
- North American light vehicle production grew 3% to 4.546M.
- European light vehicle production increased 0.41% to 5.347M.
- Segment sales: North America: $4.877B (-0.25%); Europe: $2.774B (-20.74%); Asia: $466M (-1.27%); ROW: $125M (-25.60%).
- Production sales: North America: $4.583B (+1%); Europe: $1.829B (-23%); Asia: $390M (flat); ROW: $125M (-23%).
- Complete vehicle assembly sales fell 26% to 607M.
- Gross margin remained constant at 14.4%.
- SG&A expense rate decreased 30 bps to 4.3%.
- Adjusted EBIT declined 6.23% to $677M.
- FY2015 Guidance: Light vehicle production: North America 17.4M and Europe 20.3M; Total sales: $30.9B to $32.6B; Complete vehicle assembly sales: $2.2B to $2.5B; Operating margin: ~8%; Tax rate: ~26%; Capex: $1.3B to $1.5B.
- FY2015 Production sales: North America: $17.3B to $17.9B; Europe: $6.8B to $7.2B; Asia: $1.6B to $1.8B; ROW: $0.5B to $0.6B; Total production sales: $26.2B to $27.5B.
Aug. 7, 2015, 5:35 AM
- Magna International (NYSE:MGA): Q2 EPS of $1.29 beats by $0.11.
- Revenue of $8.13B (-8.8% Y/Y) beats by $40M.
Aug. 6, 2015, 5:30 PM
Jul. 16, 2015, 7:07 AM
- Magna International (NYSE:MGA) announces it acquired automotive transmission supplier Getrag Group.
- Financial terms of the deal weren't disclosed.
- The transaction is expected to close near the end of the year.
Jun. 10, 2015, 11:03 AM
- A good part of the automobile supplier sector is ahead of broad market averages with M&A buzz in the background.
- Though Fiat Chrysler Automobiles CEO Sergio Marchionne has been making quite a bit of noise on the need for major automakers to consolidate, analysts think it's the suppliers with the most to gain from strategic mergers with next-gen vehicles going in different directions.
- Gainers: Lear (NYSE:LEA) +2.0%, Motorcar Parts of America (NASDAQ:MPAA), Cooper-Standard (NYSE:CPS) +2.4%, Strattec Security (NASDAQ:STRT) +1.4%, Gentherm (NASDAQ:THRM) +3.0%, Magna International (NYSE:MGA) +1.7%, American Axle & Manufacturing (NYSE:AXL) +1.5%, Tower International (NYSE:TOWR) +1.5%, Standard Motor Products (NYSE:SMP) +2.2%.
- Previously: Lennox International higher on report of Johnson Controls interest (Jun. 10 2015)
- Previously: Johnson Controls +6% after announcing strategic review (Jun. 10 2015)
May 27, 2015, 7:33 AM| May 27, 2015, 7:33 AM
May 7, 2015, 8:03 AM
- Magna International (NYSE:MGA): Q1 EPS of $1.12 beats by $0.02.
- Revenue of $8.33B (-7.0% Y/Y) beats by $20M.
Apr. 3, 2015, 8:57 AM
- Toyota (NYSE:TM) is set to spend $1.25B on new plants in China and Mexico, sources tell the Wall Street Journal.
- The plants would be the first new production facilities for the Japanese automaker since 2012 after it shifted to a more conservative stance.
- Additional capacity from the new Toyota plants could total several hundred thousand vehicles per year to start and tip off a new philosophy.
- Toyota is expected to keep producing vehicles at a +10M unit annual pace for the next few years even before any new plants come online.
- Denso Corp. (OTCPK:DNZOF, OTCPK:DNZOY) and Toyota Boshuku (OTC:TDBOF, OTCPK:TDBOY) are major suppliers to Toyota and could see a lift from the boost in capacity. Both firms are backed by Toyota Group.
- Other suppliers to Toyota include Tenneco (NYSE:TEN), Dana Holdings (NYSE:DAN), Magna International (NYSE:MGA), and BorgWarner (NYSE:BWA) to name just a few.
Magna International Inc is an automotive supplier. Its product capabilities include chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules and complete vehicle engineering and contract manufacturing.
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