NEW YORK, August 4, 2016 /PRNewswire/ --
Stock-Callers.com's attention today is directed to four Major Auto Manufacturers, namely: Ford Motor Co. (NYSE: F), General Motors Co. (NYSE: GM), Fiat Chrysler Automobiles N.V. (NYSE: FCAU), and Tesla Motors Inc. (NASDAQ: TSLA). The auto industry has provided strong earnings growth over the previous quarters. As per the NASDAQ, auto sector earnings and revenue growth is forecasted to be around 15.5% and 2.1%, respectively, at the end of the second quarter, while total S&P 500 earnings and revenues are projected to drop 3.4% and 0.4% Y-O-Y, respectively. Learn more about these stocks by accessing their free research reports at:
Dearborn, Michigan-based Ford Motor Co.'s stock finished Wednesday's session 1.59% higher at $12.13. A total volume of 47.24 million shares was traded, which was above their three months average volume of 33.95 million shares. The Company's shares are trading below their 200-day moving average by 6.28%. Furthermore, shares of Ford Motor, which together with its subsidiaries, designs, manufactures, markets, finances, and services automobiles, have a Relative Strength Index (RSI) of 34.45.
On July 29th, 2016, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'. The research firm also revised downwards its previous target price from $15 to $13.
On August 02nd, 2016, Ford reported that total truck sales, including pickups and vans, grew 5% in July versus a year ago with 87,104 sold. Overall, the company's U.S. sales were down 3%, with 216,479 total vehicles sold. Van sales reached their best July sales since 1978, with 20,236 sold. Research report on F is available at:
Detroit, Michigan-based General Motors Co.'s stock ended yesterday's session 1.04% higher at $30.24. A total volume of 14.49 million shares was traded, which was above their three months average volume of 13.05 million shares. The Company's shares have advanced 7.35% in the past month and 0.11% in the previous three months. The stock is trading 0.85% above its 50-day moving average. Additionally, shares of General Motors, which designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide, have an RSI of 46.53.
On July 22nd, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price to $34 a share from $32 a share.
On August 02nd, 2016, General Motors announced that the company has sold 236,235 vehicles to individual or "retail" customers in July, up 5% year-over-year, driven by across the board increases at Chevrolet, GMC, Buick and Cadillac. GM's brands collectively had their best July retail sales performance since 2007. The complimentary research report on GM can be downloaded at:
Fiat Chrysler Automobiles
On Wednesday, shares in London, the U.K.-based Fiat Chrysler Automobiles N.V. ended the session at $6.62, soaring 8.88%. The stock recorded a trading volume of 10.16 million shares, which was higher than its three months average volume of 6.70 million shares. The Company's shares have gained 16.55% in the last one month. The stock is trading 0.52% below its 50-day moving average. Moreover, shares of Fiat Chrysler Automobiles, which together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems, have an RSI of 51.12.
On August 03rd, 2016, Bloomberg reported that Samsung Electronics Co. is in advanced talks to buy some or all of the operations of auto-parts maker Magneti Marelli from Fiat Chrysler Automobiles. Samsung is particularly interested in Magneti Marelli's lighting, in-car entertainment and telematics business and could consider an acquisition of the whole company. Visit us today and access our complete research report on FCAU at:
At the close on Wednesday, shares in California headquartered Tesla Motors Inc. recorded a trading volume of 3.77 million shares. The stock finished 0.62% lower at $225.79. The Company's shares have gained 5.52% in the last one month and 1.45% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 2.85% and 4.19%, respectively. Furthermore, shares of Tesla Motors, which designs, develops, manufactures, and sells electric vehicles and stationary energy storage products, have an RSI of 51.99.
On July 08th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with a decrease of the target price to $210 a share from $220 a share.
On August 03rd, 2016, Tesla reported that total GAAP revenue for Q2 2016 was $1.3 billion, while non-GAAP revenue was $1.6 billion for the quarter, up 31% from a year ago. Total Q2 2016 gross margin was 21.6% on a GAAP basis and 20.8% on a non-GAAP basis. In Q2 2016, the company delivered 14,402 new vehicles consisting of 9,764 Model S and 4,638 Model X. Get free access to your research report on TSLA at:
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