auto sector

Bill 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...

General 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...

The 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...

Online 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...

In 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...

Analysts 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...

Wednesday 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...

Previewing 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...

The 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...

The 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...

Buckingham 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...

In 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...

Automakers 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...

Speaking 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...