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Fintech Focus For July 20, 2020
Monday, July 20, 2020 - 9:27am | 1771Daily Perspective: Things work out best for those who make the best of how things work out. - John Wooden Fintech Movers: Schwab now manages a record $4.11 trillion in client assets from 14.1 million accounts, having added 1.62 million new clients during the quarter, but still managed to see weak...
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Classic Car Investment App Rally Rd. Announces $7M Funding Round
Friday, September 28, 2018 - 1:15pm | 593Startup investment company Rally Road has developed an application for members to invest in classic cars like Ferraris and Jaguars for as little as $50. High-value assets are secured, split into shares and offered as equity investments to all users, according to the company. The...
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Why This Analyst Thinks There's Only One Auto Stock Worth Buying
Tuesday, November 22, 2016 - 3:48pm | 865With the race for the pole position among the automakers heating up, Berenberg identified Ferrari NV (BIT: RACE) as its only Buy recommendation, as it believes the market fails to discount margin upside from better pricing as well as strong cash-flow generation. Sector Initiated With Negative...
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Ferrari Shares Tumble Amid 'Best Ever Results,' But Concerning Outlook
Tuesday, February 2, 2016 - 12:55pm | 306Shares of Ferrari NV (NYSE: RACE) plunged more than 10 percent on Tuesday and hit a new 52-week low of $35.71 following the release of the company's fourth quarter results. Ferrari earned 0.28 Euro per share in the fourth quarter on revenue of 744 million Euros, while net profit for the...
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Ferrari Races Into Its First ETF Home
Thursday, October 22, 2015 - 7:29am | 560Italian automaker Ferrari NV (NYSE: RACE) raised $893 million in its initial public offering Tuesday, offering 17.2 million shares at $52 in what was arguably the most ballyhooed automotive IPO since Elon Musk's Tesla Motors Inc (NASDAQ: TSLA) came public nearly five and a half...
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Credit Suisse: 12 U.S.-Listed European Stocks To Buy Now
Friday, October 16, 2015 - 4:26pm | 670Credit Suisse just released its new list of top European stocks across all market industries. For U.S. traders who don’t trade in the European markets, here are the 12 European stocks on Credit Suisse’s Top Outperforms list that also trade on major U.S. exchanges. 1. Autos And...
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Credit Suisse: 8 Top European Consumer Stocks
Wednesday, October 14, 2015 - 12:52pm | 431Credit Suisse just released its top European Consumer stocks across eight different subsectors. Here’s a breakdown of analyst choices. Autos & Components: Fiat Chrysler Automobiles NV (NYSE: FCAU) Analyst Alexander Haissl believes that the market is undervaluing the Ferrari segment and...
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How Can Fiat Chrysler Create Value?
Thursday, July 9, 2015 - 2:52pm | 279In a report issued Thursday, Deutsche Bank analysts Rod Lache and and Tim Rokossa reassumed coverage of Fiat Chrysler Automobiles NV (NYSE: FCAU) with a Hold rating (based on valuation) and 12-month target of €12.50. The analysts note that, since the combination of Fiat and Chrysler,...
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What's An IPO Mean For Ferrari?
Wednesday, November 5, 2014 - 5:23pm | 1188Last week, Fiat Chrysler Automobiles NV (NYSE: FCAU) announced that it would be conducting an initial public offering of its luxury sports car brand, Ferrari. The announcement comes just a month after General Motors Company (NYSE: GM) decided to break off its own luxury brand, Cadillac, and...
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QE Finally Ends
Wednesday, October 29, 2014 - 4:56pm | 1693U.S. stocks were marginally lower as traders and investors begin debating the effects of the markets in an uncertain post Quantitative Easing era. The FOMC has officially tapered the remaining $15 billion of its monthly asset purchases, thus ending the era of quantitative easing for the time...
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Fiat Chrysler To Spin-Off Ferrari, Stock Soars
Wednesday, October 29, 2014 - 9:36am | 199Fiat Chrysler Automobiles NV (NYSE: FCAU) announced the spin-off of Ferrari S.p.A. on Wednesday. According to the press release, "the separation will be effected through a public offering of FCA's interest in Ferrari equal to 10 percent of Ferrari's outstanding shares and a...
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These 5 Cars Have The Lowest Fuel Economy
Thursday, October 23, 2014 - 9:19am | 464Earlier this April, researchers at the University of Michigan found that the average fuel economy of new, light vehicles (a designation that includes cars, SUVs, vans, and pickup trucks) had reached 25.4 miles per gallon, as compared to 20.8 mpg in 2007. With pressure on manufacturers from...
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5 Big Things To Watch At The Paris Motor Show
Friday, October 3, 2014 - 10:11am | 989The Paris Motor Show, or Mondial de l'Automobile, as the French know it, is one of the auto industry’s most important events. Car companies showcase their latest production models and feature concepts for models down the road. Held every other year, the show will run from October 4 to...
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Google Might Team with Audi to Supersede Apple's In-Car Initiative
Monday, December 30, 2013 - 5:46pm | 621Apple (NASDAQ: AAPL) is one of the largest companies developing in-car technology, but Google (NASDAQ: GOOG) might be hatching a plan to overtake its competitor. According to The Wall Street Journal, Google and Audi (OTC: AUDVF) will announce a new partnership next week at the Consumer...
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3 Reasons Google's Self-Driving Car Will Flop
Monday, September 10, 2012 - 9:16am | 821It may seem like something out of an episode of "The Jetsons," but give internet search giant Google (NASDAQ: GOOG) credit. The company has made impressive strides toward making self-driving cars a reality. Google recently announced its fleet of a dozen self-driving vehicles has logged 300,000...