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The Auto-Sector Conversation With A CPI Inflation Breakdown
Thursday, April 13, 2023 - 8:50am | 192Bill Baruch and Jannis Meindl discuss the latest inflation data, Nonfarm Payrolls from last week, and how it all connects to the state of the auto industry. This week, we cover Ford (NYSE: F), General Motors (NYSE: GM), and Tesla (NASDAQ: TSLA). Don't hesitate to connect with our sister...
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GM Anticipates Up To $3B Hit From Chip Shortage, Inflation In Second Leg Of 2021
Thursday, June 17, 2021 - 5:01am | 318General Motors Co (NYSE: GM) said on Wednesday the ongoing semiconductor shortage and rising commodity inflation could bring in a $2 billion to $3 billion headwind in the second half of the year. What Happened: The No.1 U.S. automaker expects chip shortage to continue in the second half of 2021...
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Chip Shortage Bringing Record Business For Supply-Chain Intermediaries Avnet, Arrow Electronics: WSJ
Monday, June 14, 2021 - 4:00am | 454The ongoing global semiconductor shortage is boosting business opportunities for semiconductor industry intermediaries, or authorized distributors, as they are able to source parts faster, according to the WSJ report. What Happened: Services of electronic component distributors such as Avnet...
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Online Used-Car Seller Cazoo To Go Public On NYSE In $7B SPAC Deal
Monday, March 29, 2021 - 4:10am | 519Online used-car seller Cazoo Holdings Ltd said on Monday it plans to go public through a merger with a blank check company Ajax I (NYSE: AJAX) in a deal that values the combined company at $7 billion. What Happened: The deal includes up to $805 million Ajax cash in trust and the company expects to...
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Over 300,000 Auto Sector Jobs Gone In India; Government Is In Denial
Tuesday, October 8, 2019 - 6:02pm | 1033In its report on Asia's development outlook, the Asian Development Bank (ADB) highlighted the emergence of Bangladesh as the fastest growing economy in Asia, wrestling away the honor from India that had remained at the top for several years. This is a significant development, as like many other...
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Not Much Runway For Lear Shares To Soar Higher; Buckingham Goes Neutral
Tuesday, September 26, 2017 - 2:06pm | 454Analysts at the Buckingham Research Group consider Lear Corporation (NYSE: LEA) to be "one of the best" auto supplier companies in the sector yet at the same time the stock can no longer be considered a buy. The firm's Joseph Amaturo downgrades Lear's stock rating from Buy to Neutral with an...
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When The Bellwether Doesn't Ring: Here's Why The Auto Parts Plunge Didn't Affect Other Sectors
Thursday, July 6, 2017 - 8:52am | 513Wednesday was a brutal day for auto part stocks after O'Reilly Automotive Inc (NASDAQ: ORLY) reported not only poor sales metrics for its second quarter but concerning commentary, including a "more challenging sales environment" than expected. So, why is that the entire stock market...
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Barclays Sees September Auto Sales Are 'Solid' But Of 'Weaker Quality'
Friday, September 30, 2016 - 10:24am | 616Previewing the auto sales results for September due to be released next week, Barclays said the month's headline seasonally adjusted annual rate, or SAAR, suggests solid, albeit weaker numbers. The Numbers Barclays auto and auto parts analyst Brian Johnson estimates light vehicle SAAR of 17.6...
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The Auto Industry Can Benefit From Pent-Up Demand, Bloomberg Reports
Friday, September 30, 2016 - 9:09am | 394The U.S. auto industry has been on fire over the past six years, but not all analysts are playing the doom and gloom card. According to a Bloomberg report, Jeff Schuster of LMC Automotive was one of the first auto experts to call for a contraction in the industry in 2016. However, he is now saying...
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Goldman Remains Cautious On Auto Sector Despite Many Earnings Beats
Tuesday, May 3, 2016 - 10:45am | 309The majority of Q1 auto industry earnings are now out, and the results have been pretty positive overall. Goldman Sachs analyst Patrick Archambault, however, remains cautious on many auto stocks, despite 12 Q1 beats in the space so far versus only two misses. The market has generally reacted...
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Expect U.S. Light Vehicle Count Around 17.5M Units For April
Monday, May 2, 2016 - 2:18pm | 332Buckingham Research Group analyst Joseph Amaturo remains bullish about the auto sector ahead of Tuesday’s global light vehicle sales numbers. “We continue to remind investors that we believe we are in a plateauing U.S. light vehicle sales environment, and do not think that we have...
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Barclays Downgrades Auto Sector To 'Negative,' But Reiterates Bull Thesis On Mobileye
Thursday, July 16, 2015 - 10:40am | 923In a report published Thursday, Barclays analyst Brian Johnson downgrade the entire U.S. Autos and Auto Parts sector to "Negative" from "Neutral" due to concerns in China, negative sales in the third quarter and declining production in 2016. "While the sector has...
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5 Auto Stories Analysts Are Watching In 2015
Tuesday, January 6, 2015 - 10:00am | 907Automakers saw another great year for new-car sales in 2014. Full-year sales are expected to come in around 16.5 million vehicles, taking the market back up to pre-recession levels. But now it’s time to look forward to the coming year for the auto sector. On a conference call Monday...
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Tigress Financial CIO: Auto Industry Is 'Hitting On All Cylinders,' Will See Strong Growth In 2015 And 2016
Monday, January 5, 2015 - 5:28pm | 343Speaking to Benzinga, Tigress Financial Partners Chief Investment Officer Ivan Feinseth said that the improving economy and decrease in unemployment are all driving the replacement and demand cycle for the new cars. He added that this is the upswing in the auto sales cycle. Implications Of...
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Cars.com Chief Analyst Jesse Toprak: Best November For Auto Sales In A Decade
Tuesday, December 2, 2014 - 4:05pm | 166Speaking to Benzinga on Tuesday, Cars.com Chief Analyst Jesse Toprak said that both a strong stock market and the “perfect storm of conditions” pushing people to dealerships contributed to better-than-expected new-vehicle sales in the auto sector for November. Not only did new-car...