Ford Motor is ending vehicle manufacturing in Brazil, as part of a restructuring process.
The automaker is shutting three plants in Brazil, as part of the South America restructuring process which is estimated to lead to $4.1 billion in pretax charges, according to the company’s statement.
Ford is currently restructuring its global operations, including those in South America. The company aims to execute a $11 billion turnaround plan, and hopes to achieve an 8% adjusted EBIT margin and to consistently generate strong adjusted free cash flow.
THE FOLLOWING PART OF THE ARTICLE IS UPDATED ON JANUARY 12, 2021
Industry description
Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.
Industry's Market Caps
The average market capitalization across the Motor Vehicles Industry is 66.7B. The market cap for tickers in the group ranges from 381.4M to 768.9B. TSLA holds the highest valuation in this group at 768.9B. The lowest valued company is GP at 381.4M.
Industry's high and low price movers
The average weekly price growth across all stocks in the Motor Vehicles Industry was 15.35%. For the same Industry, the average monthly price growth was 19.15%, and the average quarterly price growth was 96.85%. NIU experienced the highest price growth at 43.36%, while RACE experienced the biggest fall at -3.53%.
Industry's volume movers
The average weekly volume growth across all stocks in the Motor Vehicles Industry was -21.24%. For the same stocks of the Industry, the average monthly volume growth was -29.84% and the average quarterly volume growth was -16.3%
Industry's Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 64
P/E Growth Rating: 49
Price Growth Rating: 42
SMR Rating: 72
Profit Risk Rating: 82
Seasonality Score: -32 (-100 ... +100)
Stocks in the group have a Positive Outlook today, backed by the 15 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 40%. During the last month, the daily ratio of advancing to declining volumes was 2.65 to 1.
10 stocks in the group of tickers confirmed the positive outlook based on the Aroon indicator with average odds of 75%.
Notable companies
The most notable companies in this group are Tesla Inc (NASDAQ:TSLA), NIO Inc - ADR (NYSE:NIO), General Motors Company (NYSE:GM), Ford Motor Co. (NYSE:F), Fiat Chrysler Automobiles NV (NYSE:FCAU), Harley-Davidson, Inc. (NYSE:HOG).
Industry description
Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.
Industry's Market Caps
The average market capitalization across the Motor Vehicles Industry is 66.7B. The market cap for tickers in the group ranges from 381.4M to 768.9B. TSLA holds the highest valuation in this group at 768.9B. The lowest valued company is GP at 381.4M.
- 1/12/21 8:08 AM: Tesla (TSLA, $811.19) saw a $77.2B market cap increase this week
- 1/5/21 4:29 AM: Tesla (TSLA, $729.77) saw a $62.6B market cap increase this week
- 12/31/20 2:51 AM: Tesla (TSLA, $694.78), market cap jumped by $27.3B
Industry's high and low price movers
The average weekly price growth across all stocks in the Motor Vehicles Industry was 15.35%. For the same Industry, the average monthly price growth was 19.15%, and the average quarterly price growth was 96.85%. NIU experienced the highest price growth at 43.36%, while RACE experienced the biggest fall at -3.53%.
- 1/12/21 8:10 AM: Kandi Technologies Group (KNDI, $8.12) was a top weekly gainer, with a +10.78% jump. Expect an Uptrend reversal
- 1/8/21 3:06 AM: Nikola (NKLA, $17.82) was a top weekly gainer, with a +16.78% jump. Expect an Uptrend reversal
- 1/6/21 3:15 AM: Arcimoto (FUV, $13.3) was a top loser this week, declining -5.61%. Expect a Downtrend continuation
Industry's volume movers
The average weekly volume growth across all stocks in the Motor Vehicles Industry was -21.24%. For the same stocks of the Industry, the average monthly volume growth was -29.84% and the average quarterly volume growth was -16.3%
- 1/12/21 7:41 AM: The volume for Toyota Motor Corporation - ADR stock increased for four consecutive days, resulting in a record-breaking daily growth of 75% of the 65-Day Volume Moving Average
- 12/31/20 2:36 AM: The volume for Fiat Chrysler Automobiles stock increased for one day, resulting in a record-breaking daily growth of 284% of the 65-Day Volume Moving Average
- 11/25/20 3:26 AM: The volume for Niu Technologies - ADR stock increased for one day, resulting in a record-breaking daily growth of 319% of the 65-Day Volume Moving Average
Industry's Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 64
P/E Growth Rating: 49
Price Growth Rating: 42
SMR Rating: 72
Profit Risk Rating: 82
Seasonality Score: -32 (-100 ... +100)
Master your trading skills without risking real money. Tickeron offers unlimited free paper trades to test your trade ideas and test Tickeron tools in action!