Tata Motors, Bladex, Tesla Motors, Toyota Motor and Daimler highlighted as Zacks Bull and Bear of the Day
CHICAGO, March 6, 2014 /PRNewswire/ -- Zacks Equity Research highlights Tata Motors Limited (NYSE:TTM-Free Report) as the Bull of the Day and Banco Latinoamericano de Comercio Exterior orBladex (NYSE:BLX-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis onTesla Motors, Inc. (Nasdaq:TSLA-Free Report), Toyota Motor Corp. (NYSE:TM-Free Report) and Daimler AG (OTC:DDAIF-Free Report).
Here is a synopsis of all five stocks:
Excellent quarterly results, thanks mainly to record sales by Jaguar Land Rover unit have sent estimates for this Indian automaker higher and the stock to Zacks Rank # 1 (Strong Buy).
Tata Motors Limited (NYSE:TTM-Free Report) is India ' s largest automobile company, and a leader in commercial vehicles in each segment, and among the top in passenger vehicles. It is also the world ' s fifth largest truck manufacturer and fourth largest bus manufacturer.
The company also has operations in the UK , South Korea , Thailand , South Africa and Indonesia . It acquired Jaguar Land Rover in 2008 from Ford to get a global presence in the luxury vehicle market.
Tata Motors' ADR is listed on the New York Stock Exchange since September 2004.
On February 10, Tata Motors reported the results for their fiscal third quarter ended Dec 31. Consolidated net profit surged almost threefold to $775 million, thanks mainly to rising sales of British Jaguar Land Rover unit.
Jaguar Land Rover sales increased 23%, with demand for their luxury vehicles increasing in China , North America and Europe . Tata Motors had acquired both these brands from Ford Motors in 2008 and turned them around into a major profit source. The management expects the sales and performance momentum for Jaguar Land Rover to continue with a richer product and geography mix.
On the other hand, sales of Tata-branded vehicles fell 36% in India due to weakening demand, increasing competition and a tight financing environment. The management hopes that recent launches including Nano Twist and Vista VXTech and upcoming products like BOLT and ZEST will be able to drive sales in India and some of the international markets where they are expanding.
Estimates have come down after disappointing fourth quarter results, sending this Latin American bank to a Zacks Rank #5 (Strong Sell) last month.
Headquartered in Panama, Banco Latinoamericano de Comercio Exterior orBladex (NYSE:BLX-Free Report) is a supranational bank established by the Central Banks of Latin American and Caribbean countries to promote trade finance in the region.
Its shareholders include central banks and state-owned entities, American and international commercial banks as well as institutional and retail investors.
BLX reported its 4Q 2013 results on February 14, 2014. Net income for the quarter came was $23.9 million or $0.62 per share, down from $24.6 million in prior-year quarter. The results were short of the Zacks Consensus Estimate of $0.69 per share—BLX's third quarterly miss for last year.
The bank reported decline in net interest income and margins in the quarter as both lending rates and market-based rates were lower. Average portfolio balances were also lower due to slower origination. While average funding costs declined slightly it was not enough to offset lower lending rates.
Additional content:
Tesla to Enhance European Presence
At the Geneva Motor Show, Tesla Motors, Inc. (Nasdaq:TSLA-Free Report) announced its plan to expand its business in Europe through an extended Supercharger network, more service centers and increased number of stores. The automaker will be opening around 30 new service centers and stores across the continent.
Tesla is focused on expanding its network of Supercharger stations. At present, the automaker has 78 Superchargers in North America and 14 in Europe . Tesla intends to establish an extensive network across Europe , which will facilitate long distance travel, by end-2014.
In Jan 2014, Tesla announced the opening of new Supercharger locations which connect the Netherlands , Germany , Switzerland and Austria . Tesla's Superchargers provide 120 kilowatts of DC (Direct Current) to Model S batteries using special cables. They can restore half the battery charge in just 20 minutes and full charging takes only 75 minutes, while normal charging stations take as much as 9 hours for a full charge. This reflects the time saving attribute of the chargers.
Europe is an important market for Tesla. The automaker is actively undertaking international expansion, particularly in Europe and Asia , to boost sales. The company started the delivery of the Model S in Europe in Aug 2013.
Tesla expects sales in Europe and Asia to be double the sales in North America by the end of 2014. The company will be launching the right hand drive version of Model S to improve sales in Europe . Moreover, Tesla will provide leasing and financing options to boost sales in the continent.
Model S is widely appreciated in Europe and was recognized as the Car of the Year in Sweden , Norway and Denmark . It was also considered the Most Stylish Car in Switzerland .
Tesla currently carries a Zacks Rank #2 (Buy). Some better-ranked automobile stocks worth considering are Toyota Motor Corp. (NYSE:TM-Free Report) and Daimler AG (OTC:DDAIF-Free Report), which sport a Zacks Rank #1 (Strong Buy).
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