Mon, Apr. 4, 11:37 AM
- Ford (F -2.2%), General Motors (GM -1.9%), and Toyota (TM -2.4%) are all down for a second straight day after overall U.S. sales came in below expectations for March.
- There's also a bit of a Tesla overhang over the major automakers as the weekend's strong tally of Model 3 pre-orders is the one of the first concrete indications that the EV automaker could be a market share disrupter. If even half of Tesla's early round of orders comes to fruition, about $5B in consumer spending on automobiles is going in a different direction than Detroit or Tokyo. Naturally, Tesla enthusiasts think the number will be much higher.
- Daimler (OTCPK:DDAIF -1.4%) and BMW (OTCPK:BAMXY -1.4%) are also weak on the day amid the OEM gloom.
- Now read Tesla Model 3: Existential Crisis For The Auto Industry
Dec. 9, 2015, 9:53 AM
- The NHTSA proposes adding new safety categories to its ratings systems with an aim to accelerate technology innovation and integration.
- Safety features such as forward collision warnings, blind-spot alerts, lane departure information, and rear cameras would be part of the ratings system under the changes.
- The push from the regulator could help some auto suppliers such as Delphi Automotive (DLPH +1.4%) and Mobileye (MBLY +2.5%), notes the WSJ.
- Autoliv (ALV +2.1%), WABCO Holdings (WBC +1.5%), Borg Warner (BWA +1.3%), and Meritor (MTOR +1.3%) are all ahead of market averages in early action today, perhaps due to the NHTSA strategy reveal.
- Related auto stocks GM, F, TM, HMC, OTCPK:NSANY, OTCQX:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY, TSLA, TTM, OTC:HYMLF.
Oct. 21, 2015, 10:20 AM
- Automobile stocks are largely higher after General Motors (NYSE:GM) reports record profit for Q3.
- GM is leading the pack with a 4% gain - while Daimler (OTCPK:DDAIF +2.6%), Honda (HMC +2.5%), Toyota (TM +1.7%), Nissan (OTCPK:NSANY +1.6%), Ford (F +0.9%), and BMW (OTCPK:BAMXY +1%) are all ahead of market indexes. Even Volkswagen (OTCQX:VLKAY) is clawing itself back with a 2.1% increase.
- The two laggards are Fiat Chrysler Automobiles FCAU which is down 2.9% and Tesla Motors (TSLA -0.8%). Fiat was hit with a negative EU tax ruling and has the Ferrari (NYSE:RACE) IPO stealing some of its thunder, while Tesla Motors is still stinging from a Consumer Reports jab yesterday.
Sep. 28, 2015, 9:56 AM
- European automobile stocks and some associated suppliers are under pressure as the news over the weekend on the Volkswagen scandal wasn't encouraging - including word German prosecutors are probing the actions of high-level VW execs.
- There are fears in the sector over heightened regulatory oversight on emissions standards.
- Previously: Audi says 2.1M vehicles impacted by emissions scandal (Sep. 28 2015)
- Previously: Volkswagen -35% in two-day drubbing after cheating scandal (Sep. 22 2015)
- Decliners: Volkswagen (OTCQX:VLKAY) -7.0%, Tata Motors (NYSE:TTM) -5.1%, Daimler (OTCPK:DDAIF) -3.0%, BMW (OTCPK:BAMXY) -2.8%, Peugeot (OTCPK:PEUGF) -4.8%, Renault (OTCPK:RNLSY, OTC:RNSDF) -4.7%, Fiat Chrysler Automobiles (NYSE:FCAU) -3.5%, Navistar (NYSE:NAV) -2.2%, Autoliv (NYSE:ALV) -1.7%, Toyota (NYSE:TM) -1.5%,
Aug. 24, 2015, 9:45 AM
- Automaker stocks are one of the hardest hit sectors in early trading.
- Concerns over demand in China and ambitious capacity growth in the automobile industry have been raised to a new level.
- Notable decliners include General Motors (GM -5.4%), Ford (F -5.6%), Toyota (TM -6%), Honda (HMC -5.9%), and Tesla Motors (TSLA -6.1%).
Aug. 3, 2015, 10:39 AM
- Toyota (NYSE:TM) unit sales +0.6% to 217,181 units vs. -0.1% expected.
- The automaker's tally of light trucks sales was its best ever for July.
- Sales by brand: Toyota -0.6% to 187,365; Lexus +9.1% to 29,816.
- Sales by model: Corolla -1.9% to 30,429; Prius -13.3% to 17,924 (PHV 584); Camry -3.6% to 38,435; Lexus ES -14% to 5,440; RAV4 -0.3% to 26,709; Highlander +12.1% to 12,727; Lexus NX 4,337 (new).
- YTD Toyota U.S. sales +4.9% to 1,448,621 units.
Mar. 12, 2015, 8:56 PM
- With the market open in Tokyo, the Nikkei index has passed 19,000 for the first time since the dot-com bust, to reach a new 15-year high, following on the U.S. market's strong day. The index is up 0.7% so far, to 19,130.
- Early top gainers included robotics firm Fanuc (OTCPK:FANUY), up 10.2% in local trade early, while Softbank (OTCPK:SFTBY) is up 0.5% and Fast Retailing (OTCPK:FRCOY) up 1.7%.
- Big exporters are benefiting from a weaker yen: Toshiba (OTCPK:TOSYY) up 0.3%; Toyota (NYSE:TM) up 0.3% in Tokyo trade.
- ETFs: DXJ, EWJ, FXY, YCS, DFJ, JYN, NKY, DBJP, EZJ, EWV, JPNL, YCL, DXJS, SCJ, JSC, ITF, JPP, HEWJ, FJP, QJPN, JPMV, DXJT, DXJH, DXJR, DXJC, DXJF
Aug. 11, 2014, 7:28 AM
- Tata Motor (NYSE:TM) reports sales rose 36% to 647.57B rupees ($10.57B) in Q1 of FY15.
- The automaker saw a huge jump in profit to over 53.98B rupees ($900M) off of stronger demand trends.
- Global sales for Jaguar Land Rover vehicles helped make up for soft sales for the Tata brand in India.
- Q1 earnings release (.pdf)
- TTM +9.8% premarket
Mar. 26, 2014, 9:16 AM
- Toyota (TM) says it will spend $3.5B to buy back shares.
- The automaker plans to make the purchases over a 10-month period beginning after its shareholder meeting in June.
- It's the first buyback program for Toyota since 2009.
- Analysts are quick to note that although buyback amount from Toyota is large, there is still enough cash piling up to fund more aggressive buybacks or capital investments. The action could have a calming effect on shares and set them up for more gains, note industry watchers.
- TM +2.4% premarket
Mar. 12, 2014, 3:36 PM
- Shorts against the share prices of red-hot fuel cell manufacturers are climbing as questions emerge about the prospects for profits.
- Plug Power’s (PLUG +11.4%) short interest reached a two-and-a-half-year high of 10.6% of shares outstanding on March 10, up from 2.4% in September; shorts in FuelCell Energy (FCEL +1.8%) reached 14.2% yesterday vs. 4% in June; and Ballard Power (BLDP +1.7%) surged to a record 3% from 0.2% in October.
- PLUG plunged yesterday after short-seller Andrew Left said in a report that the shares are worth 50 cents, and Left adds another criticism today, saying PLUG will be threatened if larger companies move into its market, such as Toyota (TM), which plans to release a fuel-cell sedan next year.
- "If fuel cells become standard in fork lifts, Toyota is ready to step in,” Left says today. "If hydrogen becomes the fuel of the future, then Wal-Mart will take the cheapest supplier.”
- Cowen's Robert Stone, who downgraded FCEL today, counters that PLUG dominates the market in fuel cells for material handling and has more than 100 patents that will help protect its advantage should additional suppliers enter the market.
Jan. 7, 2014, 3:43 PM
- Today's strength in Ballard Power (BLDP +22.6%) may be traced to a story suggesting that Toyota (TM) will sell a fuel cell car worldwide in 2015, but it just as well could be credited to the stratospheric rise in Plug Power (PLUG +37.5%), whose shares have more than doubled since a Jan. 2 announcement that Q4 orders were above expectations, which may bode well for the fuel cell industry as a whole.
- BLDP has been making quiet progress toward hitting breakeven; for the first nine months of 2013, it reported revenue of ~$44M, up 65% Y/Y, and gross margin for the first nine months was 25% vs. 17% in 2012 and 13% in 2011.
- FuelCell Energy (FCEL +13%) is sharply higher today after climbing 27% YTD.
Sep. 26, 2013, 2:30 PM| Sep. 26, 2013, 2:30 PM
Sep. 3, 2013, 9:23 AM
- Japan overnight had its biggest gain in a month, the Nikkei +3% to add to Monday's 1.4% advance. The yen has fallen sharply over the past few sessions, with the dollar buying ¥99.29 this morning vs. just ¥97 towards the end of last week. The weaker yen helped Toyota (TM +2.9% premarket) to be the Nikkei's biggest gainer. Kansai Electric soared 8.1% after an expert panel concluded an earthquake fault under the company's Ohi nuclear plant may not be active.
- EWJ +2.9%, DXJ +3.8% premarket.
- Equity and JGB ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, JGBT, JGBL, JGBS, JGBD.
- Currency: FXY, JYN, YCL, YCS.
Aug. 13, 2013, 4:34 PM
- Myriad Genetics (MYGN) FQ4 beats across the board.
- Total revenue rose 31% Y/Y, Net income +51%.
- Molecular diagnostic testing revenue +30%, Oncology +19%; Women's Health +51%; BRACAnalysis test revenue +19% (represented 74% of total revenue in Q4); BART(TM) test revenue +310% (represented 11% of total revenue); companion diagnostic service revenue +47%.
- Operating margins were 37.9%, compared to 35.6% in the prior year period, primarily due to operating leverage realized from efficiencies in SG&A and R&D expenses.
- Shares +2.5% AH.
Jun. 27, 2013, 9:24 AM
FuelCell Energy (FCEL) +3.2% premarket after saying it netted ~$36M from finalizing its $38M debt issue to fund ongoing refinement and marketing of its alternative-power supply technologies. Shares also may be getting an assist from Toyota's (TM) plans to introduce a new hydrogen-powered sedan at the Tokyo Auto Show in November.| Jun. 27, 2013, 9:24 AM | 2 Comments
May 15, 2013, 7:32 AMThe Nikkei (EWJ, DXJ) soared another 2.3% overnight to top 15K for the first time since 2007 as the yen (FXY) slid 0.3% to a new multi-year low of ¥102.65. Leading was Sony (SNE), up 10% following Dan Loeb's push for a breakup. Toyota (TM) paced the exporters with a 3.7% gain. JGBs (JGBL) were calm, the yield on the 10-year flat at 0.86%. | May 15, 2013, 7:32 AM | 4 Comments