NEW YORK, October 28, 2016 /PRNewswire/ --
Rising incomes in emerging countries are expected to continue driving global auto demand over the next five years. Strengthening economic conditions and a rise in consumer confidence are also forecasted to fuel the U.S. market over the same period, albeit at a slower rate. Pre-market, Stock-Callers.com reviews the recent performances of four major players in the Auto Manufacturers space, namely: Ford Motor Co. (NYSE: F), General Motors Co. (NYSE: GM), Fiat Chrysler Automobiles N.V. (NYSE: FCAU), and Tesla Motors Inc. (NASDAQ: TSLA). Learn more about these stocks by accessing their free research reports at: http://stock-callers.com/registration
Michigan-based Ford Motor Co.'s shares saw a slight decline of 1.18% and finished Thursday's trading session at $11.74. A total volume of 48.30 million shares was traded, which was above their three months average volume of 34.61 million shares. The stock is trading below its 50-day moving average by 2.81%. Moreover, shares of Ford Motor, which together with its subsidiaries, designs, manufactures, markets, finances, and services automobiles, have a Relative Strength Index (RSI) of 41.63.
On October 27th, 2016, Ford reported Q3 2016 net income of $1.0 billion, down $1.2 billion from Q3 2015. Total company adjusted pre-tax profit came in at $1.4 billion, down $1.7 billion from Q3 2015. Ford's Europe segment delivered $138 million in re-tax profit, the sixth profitable quarter in a row and best Q3 since 2007. Free research report on F is available at: http://stock-callers.com/registration/?symbol=F
On Thursday, shares in Michigan-based General Motors Co. recorded a trading volume of 20.62 million shares, which was above their three months average volume of 12.50 million shares. The stock ended the session 0.79% lower at $31.33. The Company's shares have gained 0.52% in the previous three months and are trading 4.01% above their 200-day moving average. Furthermore, shares of General Motors, which designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide, have an RSI of 45.07.
On October 26th, 2016, General Motors and IBM announced a partnership to bring the power of OnStar and IBM Watson together to create OnStar Go, the auto industry's first cognitive mobility platform. Starting in early 2017, OnStar is expected to give millions of GM drivers the ability to connect and interact with their favorite brands. The platform will deliver personalized content through the dashboard and other digital channels supported by the OnStar Go ecosystem to make the most of time spent in the car.
On October 26th, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'. The complimentary research report on GM can be downloaded at: http://stock-callers.com/registration/?symbol=GM
Fiat Chrysler Automobiles
Shares in the UK-based Fiat Chrysler Automobiles N.V. closed the day at $7.20, rising 3.60%. The stock recorded a trading volume of 18.97 million shares, which was higher than its three months average volume of 5.72 million shares. The Company's shares have gained 15.57% in the last one month and 12.32% over the previous three months. The stock is trading 9.87% above its 50-day moving average and 3.63% above its 200-day moving average. Additionally, 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 69.01.
On October 27th, 2016, FCA US LLC, member of the Fiat Chrysler Automobiles family of companies announced a $10.4 million investment in a new Mopar Parts Distribution Center (PDC) located in Romulus, Michigan. The new facility will encompass 500,000 square feet and more than 100 workers. Preliminary construction work has already begun on the new Metro Detroit PDC. The Romulus PDC will increase the Mopar brand's network to 23 PDCs in North America when it opens in 3Q 2017. Visit us today and access our complete research report on FCAU at: http://stock-callers.com/registration/?symbol=FCAU
At the closing bell yesterday, shares in California headquartered Tesla Motors Inc. ended 0.88% higher at $204.01. A total volume of 13.07 million shares was traded, which was above their three months average volume of 3.24 million shares. The stock is trading slightly below its 50-day moving average by 0.99%. Furthermore, shares of Tesla Motors, which designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the US, China, Norway, and internationally, have an RSI of 51.12.
On October 26th, 2016, Tesla reported that Q3 2016 total GAAP revenue was $2.30 billion, up 145% from Q3 2015, while total Q3 gross margin was 27.7% compared to 21.6% in Q2. Total automotive revenue was $2.15 billion on a GAAP basis, up 152% from Q3 2015. Deliveries increased 114% from Q3 2015.
Yesterday, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $210 a share to $220 a share. Get free access to your research report on TSLA at: http://stock-callers.com/registration/?symbol=TSLA
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