• Today, 5:54 AM
    Today, 5:54 AM
  • Tue, Jul. 11, 9:10 AM
    Tue, Jul. 11, 9:10 AM | 23 Comments
  • Mon, Jul. 3, 1:04 PM
    • Kia Motors (OTC:HYMLF) unit sales -10% to 56,143.
    • Sales growth by model: Forte +24% to 11,387 units; Optima +22% to 11,252 units; Rio -82% to 963 units; Sorento -20% to 9,751 units.
    • YTD Kia sales -10% to 295,736 units.
    Mon, Jul. 3, 1:04 PM
  • Mon, Jul. 3, 11:33 AM
    • Hyundai (OTC:HYMLF) unit sales -19% to 54,507.
    • Elanta sales -41% to 13,297 units.
    • Santa Fe sales -31% to 12,586 units.
    • Tucson sales +39% to 10,000 units.
    • Sonata sales -20% to 9,547 units.
    • YTD Hyundai sales -7.4% to 346,360 units.
    Mon, Jul. 3, 11:33 AM
  • Sat, Jul. 1, 9:56 AM
    • Key events are scheduled for the companies listed below during the holiday-shortened week.
    • Notable earnings reports: PriceSmart (NASDAQ:PSMT) on July 5, Rand Logistics (NASDAQ:RLOG) on July 5, Yum China (NYSE:YUMC) on July 5, Cherokee (NASDAQ:CHKE) on July 6.
    • Expected IPO filings: None.
    • IPO quiet period expirations: Smart Global Holdings (Pending:SGH) on July 3, ShotSpotter (Pending:SSTI) on July 3, Appian Corp (NASDAQ:APPN) on July 4, WideOpenWest (Pending:WOW) on July 4.
    • Secondary offering lockup expirations: Agios Pharmaceuticals (NASDAQ:AGIO) on July 3, RSP Permian (NYSE:RSPP) on July 3, Quotient (NASDAQ:QTNT) on July 5, Synacor (NASDAQ:SYNC) on July 5, Everbridge (NASDAQ:EVBG) on July 5, Catalyst Biosciences (NASDAQ:CBIO) on July 6, Codexis (NASDAQ:CDXS) on July 6, Hyatt Hotels (NYSE:H) on July 7.
    • Notable annual meeting: TICC Capital Group (NASDAQ:TICC) on July 6.
    • Special shareholder meetings: Conyers Park Acquisition (NASDAQ:CPAA) on July 5, Galena Biopharma (NASDAQ:GALE) on July 6, Alere (NYSE:ALR) on July 7.
    • M&A watch: Expected closing for the merger between General Electric (NYSE:GE) and Baker Hughes (NYSE:BHI) on July 3.
    • Monthly sales update: Costco (NASDAQ:COST) on July 5, L Brands (NYSE:LB) on July 6, Buckle (NYSE:BKE) on July 6, Fred's (NASDAQ:FRED) on July 6, Cato (NYSE:CATO) on July 6.
    • FTC watch: Timing agreement expires on Cabela's (NYSE:CAB)-Bass Pro Shops merger.
    • FDA watch: Pfizer (NYSE:PFE) present briefing documents on July 7 ahead of an Oncologic Drugs Advisory Committee meeting on the Mylotarg application.
    • U.S. auto sales reports:: Automakers (GM, F, FCAU, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTC:HYMLF, OTCPK:BMWYY, OTCPK:DDAIF) update on monthly sales on July 3, with a -4% to -1% drop in total industry volume expected. Tesla (NASDAQ:TSLA) is expected to post a Model 3 update on July 2.
    • Barron's mentions: Big returns are seen for Bristol-Myers (NYSE:BMY) and Altaba (NASDAQ:AABA). New competition is expected to pressure Intel (NASDAQ:INTC) and iRobot (NASDAQ:IRBT). A cover piece on Bitcoin (COIN, OTCPK:BTCS, OTCPK:BTSC, OTCPK:GAHC) dives into the basics on the cryptocurrency. Grant's Interest Rate Observer chips in this week with a warning on the impact of organic players on Kraft Heinz (NASDAQ:KHC) and pricing pressure across the food sector from Amazon (NASDAQ:AMZN). Watch for a breakout in gold (GLD, IAU) upwards, advises Barron's.
    • Sources: EDGAR and Bloomberg
    Sat, Jul. 1, 9:56 AM | 77 Comments
  • Tue, Jun. 27, 9:37 AM
    • Kelley Blue Book expects U.S. auto sales to fall 3.6% in June to 1.46M units. "With manufacturers continuing to announce production cuts at their plants following weaker consumer demand, it all but solidifies 2017 as a down year," notes KBB analyst Tim Fleming.
    • The LMC Automotive/J.D. Power forecast is for a 2.3% drop during the month to 1.48M units, although the overall diagnosis is equally cautious. "While the retail selling rate has declined in four of the first six months, the broader concern remains the negative health indicators behind the sales results," notes J.D.'s Deirdre Borrego.
    • During a conference call yesterday with analysts, GM CFO Chuck Stevens said the company expects U.S. light vehicle sales to be in the low 17M unit range for the year, a downward revision from the autmaker's original forecast for a 17.55M unit mark. Stevens highlighted the "very very conservative" pricing in the industry and "rational" stance on incentives.
    • The common theme from insiders and analysts is that automakers are now focused on profitability over volume and market share. Recent actions from the Detroit Three support that assertion.
    • Also in the mix for the industry is the rapid pace of partnerships between auto players and tech giants. Yesterday, the Avis-Waymo and Hertz-Apple deals were small in nature, but giant in implications for investors. The GM-Lyft partnership is already in second gear, while Tesla, BMW, Volkswagen and Toyota all have tech/mobility initiatives revving up.
    • Automobile industry stocks: LEA, TEN, BWA, DAN, MPAA, CPS, DLPH, AXL, TOWR, ACW, FENX, MTOR, THRM, SMP, ALV, MOD, SRI, GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY, RACE, AN, KMX, LAD, JCI, VC, DAN, THRM, LDL, GPI, CRMT, PAG, SAH.
    • Related ETF: CARZ.
    Tue, Jun. 27, 9:37 AM | 68 Comments
  • Fri, Jun. 16, 8:00 AM
    • Kia (OTC:HYMLF) car registrations 5.3% to 41,527 units in May, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +7.6% Y/Y to 1,386,818 units in May. Double-digit gains in registrations were recorded in Spain and Germany during the month, while the U.K. saw a 8.5% decline in registrations.
    • Kia market share: 2.9% vs. 3.0% a year ago.
    • Kia YTD registrations 10.4%.
    • EAMA release (.pdf)
    Fri, Jun. 16, 8:00 AM
  • Fri, Jun. 16, 7:58 AM
    • Hyundai (OTC:HYMLF) car registrations +8.2% to 46,860 units in May, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +7.6% Y/Y to 1,386,818 units in May. Double-digit gains in registrations were recorded in Spain and Germany during the month, while the U.K. saw a 8.5% decline in registrations.
    • Hyundai market share: 3.3% vs. 3.3% a year ago.
    • Hyundai YTD registrations +3.5%.
    • EAMA release (.pdf)
    Fri, Jun. 16, 7:58 AM
  • Tue, Jun. 13, 7:29 AM
    • Hyundai (OTC:HYMLF) is showing its first subcompact SUV as it looks to break ground in the category.
    • The automaker's Kona model will go on sale in the U.S., Europe and South Korea.
    • "Even as the global SUV market is nearing saturation, we believe that extra small or small SUVs have more room for growth than large SUVs," says Hyundai Vice Chairman Chung Eui-sun.
    • Looking ahead, Hyundai has plans to unveil an electric version of the Kona next year.
    Tue, Jun. 13, 7:29 AM
  • Wed, Jun. 7, 12:43 PM
    • The top U.S. sales executive at Hyundai (OTC:HYMLF) resigned from the company in an unexpected departure.
    • Derrick Hatami is the latest in a string of management exits from the U.S. side of the Hyundai business.
    • Last month, sales in the U.S. fell 15% for the South Korean automaker.
    • Previously: Hyundai May U.S. sales: -15% (June 1)
    Wed, Jun. 7, 12:43 PM
  • Thu, Jun. 1, 2:21 PM
    • Hyundai (OTC:HYMLF) unit sales -15% to 60,011 vs. -4.4% expected by Kelley Blue Book.
    • Sales by model: Elanta 16,407 units; Santa Fe 9,844 units; Tucson 10,600 units; Sonata 12,605 units.
    • YTD Hyundai sales -5% to 291,853 units.
    Thu, Jun. 1, 2:21 PM
  • Thu, Jun. 1, 1:40 PM
    • Intel (INTC -0.4%) predicts the new "passenger economy" will grow to $7T by 2050 as autonomous vehicles go mainstream.
    • The company predicts that mobility-as-a-service will disrupt long-held patterns of car ownership, maintenance, operations and usage. The first "green shoots" of autonomous driving are expected to be in the business-to-business sector - not from soccer moms, sports car enthusiasts or pickup drivers giving up the wheel.
    • "Companies should start thinking about their autonomous strategy now," says Intel CEO Brian Krzanich.
    • "Less than a decade ago, no one was talking about the potential of a soon-to-emerge app or sharing economy because no one saw it coming. This is why we started the conversation around the passenger economy early, to wake people up to the opportunity streams that will emerge when cars become the most powerful mobile data generating devices we use and people swap driving for riding," he adds.
    • Predictions from an Intel study: (1) business use of Mobility-as-a-Service is expected to generate US$3T in revenues, (2) consumer use of Mobility-as-a-Service offerings is expected to account for US$3.7T in revenue, (3) $200B of revenue is expected to be generated from rising consumer use of new innovative applications and services that will emerge as pilotless vehicle services expand and evolve, (4) 585K lives can be saved due to self-driving vehicles in the era of the "passenger economy from 2035 to 2045, (5) reductions in public safety costs related to traffic accidents could amount to more than $234B over the 2035 to 2045 time period.
    • Broadly-related auto stocks: GM, TM, FCAU, HMC, OTCPK:NSANY, F, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BMWYY, TTM,  AN, KMX, SONC, ACW, ALSN, ALV, AXL, BWA, CAAS, CPS, DAN, DLPH, DORM, FDML, GNTX, JCI, LDL, LEA, LKQ, MLR, MNRO, MOD, MPAA, MPG, MTOR, PLOW, SMP, STRT, SUP, STRT, TEN, THRM, TEN, TOWR, UFAB, VC, VOXX, WBC, ZX, UBER, KNDI, HTZ, CAR, MBLY, NVDA, GOOG, GOOGL, CSCO, LYFT, OTCPK:CTTAY, OTC:CTTAF.
    • Related ETF: CARZ.
    • Source: Press Release
    Thu, Jun. 1, 1:40 PM | 167 Comments
  • Thu, Jun. 1, 1:06 PM
    • Kia Motors (OTC:HYMLF) unit sales -1% to 58,507.
    • Sales by model: Rio 1,187; Optima 10,789; Soul 10,521; Sorento 10,413; Sportage 7,001; Sedona 3,561.
    • Hyundai brand sales are reported separately.
    • YTD Kia sales -2.2% to 239,593 units.
    Thu, Jun. 1, 1:06 PM
  • Tue, May 30, 5:00 PM
    • Kelley Blue Book forecasts new car sales in the U.S. will edge up 0.2% in May to 1.525M units. Sales for mid-size SUVs/crossovers are expected to jump 10%, while compact and mid-size car sales are seen dropping.
    • "Retail numbers for May are expected to finish strong, however they continue to be supported by considerable incentives and lease subvention. In recent months, leasing appears to be reaching its peak, which is expected, given declining residual values and which is contributing to this year's slowing sales," notes the research firm.
    • KBB's May sales forecasts on major manufacturers are posted below.
    • General Motors (NYSE:GM): +3.1% Y/Y to 248K units, market share of 16.3%.
    • Ford (NYSE:F): -1.2% to 232K, market share of 15.2%.
    • Toyota (NYSE:TM): +0.3% to 220K units, market share 14.4%.
    • Fiat Chrysler Automobiles (NYSE:FCAU): -4.0% to 187K units, market share of 12.3%.
    • Honda (NYSE:HMC): +0.6% to 148K units, market share 9.7%.
    • Nissan (OTCPK:NSANY): +1.1% to 135K units, market share 8.9%.
    • Hyundai/Kia (OTC:HYMLF): -4.4% to 128K, market share 8.4%.
    • Subaru (OTCPK:FUJHY): +11.8% to 56K, market share of 3.7%
    • Volkswagen/Audi (OTCPK:VLKAY): +3.7% to 54K, market share 3.5%.
    • Related ETF: CARZ.
    Tue, May 30, 5:00 PM | 28 Comments
  • Sat, May 20, 11:22 AM
    • Stanford University economist Tony Seba continues to draw attention this month with a paper predicting that a global shift to self-driving EVs will create a death spiral for Big Oil (USO, OIL) and major automakers caught asleep.
    • Seba, known for calling the solar energy boom in advance, sees a tipping point when EVs of under $30K can deliver 200 miles of range on a mass production basis. Some of the key snippets from his paper are posted below.
    • "Savings on transportation costs will result in a permanent boost in annual disposable income for U.S. households, totaling $1 trillion by 2030."
    • "70% fewer passenger cars and trucks will be manufactured each year. This could result in total disruption of the car value chain, with car dealers, maintenance and insurance companies suffering almost complete destruction. Car manufacturers will have options to adapt, either as low-margin, high volume assemblers of A-EVs, or by becoming TaaS providers."
    • "The impact of the collapse of oil prices throughout the oil industry value chain will be felt as soon as 2021."
    • Whether you are a believer or a doubter on the EV disruption forecast, the full 77-page "Rethinking Transportation 2020-2030" paper contains some interesting angles for investors long or short the concept.
    • Broadly-related auto stocks: GM, TM, FCAU, HMC, OTCPK:NSANY, F, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BMWYY, TTM,  AN, KMX, SONC, ACW, ALSN, ALV, AXL, BWA, CAAS, CPS, DAN, DLPH, DORM, FDML, GNTX, JCI, LDL, LEA, LKQ, MBLY, MLR, MNRO, MOD, MPAA, MPG, MTOR, PLOW, SMP, STRT, SUP, STRT, TEN, THRM, TEN, TOWR, UFAB, VC, VOXX, WBC, ZX, UBER, KNDI, HTZ, CAR.
    Sat, May 20, 11:22 AM | 723 Comments
  • Fri, May 12, 4:57 AM
    • South Korea's transport ministry has issued its first compulsory recall, ordering Hyundai (OTC:HYMLF) and Kia (OTC:KIMTF) to recall 240,000 vehicles after a tip off from a whistleblower.
    • It's also investigating whether or not the automakers allegedly covered up the five flaws, which affect 12 models, including the Elantra, Sonata, Santa Fe and Genesis.
    Fri, May 12, 4:57 AM