Ford Motor Co will build a new lithium iron phosphate battery plant in Michigan as part of a $3.5 billion investment plan, the automaker and state said Monday.
Two U.S. senators on Monday urged the Federal Communications Commission to move quickly to grant some automakers, universities and others the ability to use some spectrum to deploy connected vehicle technology aimed at preventing crashes.
Mullen Automotive (NASDAQ: MULN) and its investors still have risks and hurdles to overcome, but, those risks aside, bullish sentiment is building in the stock. The #1 most telling news is a 13F-HR filed by Vanguard Group Inc stating a more-than-doubling of their position in the
Toyota TM posted third-quarter fiscal 2023 earnings of $3.78 per share, which surpassed the consensus mark of $3.66. The bottom line, however, declined from the year-ago earnings of $5.03 a share. Consolidated revenues came in at $69,161 million, beating the consensus mar
Honda HMC reported earnings of $1.02 per share for third-quarter fiscal 2023, beating the Zacks Consensus Estimate of 95 cents. The bottom line also grew from the year-ago profit of 99 cents per share. Quarterly revenues totaled $31,467 million, lagging the Zacks Consensu
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
A couple of weeks ago, General Motors impressed analysts with a strong fourth quarter that boasted a 28% surge in revenue and 15% increase in net income, despite a challenging year for the automotive industry.
One of America's biggest railroads, CSX (NASDAQ: CSX), continues to gain steam, reporting 19% year-over-year revenue growth in the fourth quarter of 2022.
Ford (NYSE: F) and General Motors (NYSE: GM) have decades of experience manufacturing and selling cars. That experience may serve as an advantage in the competition for electric vehicle (EV) dominance. This video will answer which stock is the better buy.
One of the best tips for investing in companies is to invest only in businesses you understand. That's why many investors are attracted to the automotive industry, as vehicles have often been a part of our daily lives for decades.
(RTTNews) - Ford Motor Co. (F) and China's Contemporary Amperex Technology Co. Ltd. plan to build an Electrical vehicle battery plant in Michigan, according to several media reports on Friday citing people familiar with the matter.
Ford Motor Co is set to announce as soon as Monday it plans to build a $3.5 billion lithium iron phosphate battery plant in Michigan, sources told Reuters.
Fintel reports that State Street
has filed a 13G/A form
with the SEC disclosing ownership of
305.57MM
shares of Ford Motor Company (F).
This represents 7.74% of the company.
Conversational
artificial intelligence (AI) stocks are hot, while
electric vehicle (EV) stocks are just starting to show signs of life in 2023 after a poor performance last year. You're certainly welcome to invest in both of these markets, but contrarian investors might choose to allocate more of their capital into EV stocks than conversational AI stocks now.
Don't get me wrong - both machine learning and vehicle electrification are future-facing trends with tremendous growth potential. However, cautious investors should think about which niche market's rapid expansion potential has already been priced into stocks. So, let's start by taking a closer look at a few conversational AI stocks to see how much growth has already been baked into the proverbial pie.
Conversational AI Stocks: The Pure-Play Ones are Pricey
Many people first heard about conversational AI because they saw OpenAI's ChatGPT chatbot being mentioned in the headlines. Microsoft (
NASDAQ:MSFT
) is investing $10 billion in OpenAI and its
ChatGPT conversational AI software, while Google parent company Alphabet (
NASDAQ:GOOG
) (
NASDAQ:GOOGL
) is pushing back with Bard, another conversational AI chatbot.
However, these certainly aren't pure plays in the conversational AI space. There's a lot more to Microsoft than ChatGPT, and Alphabet has its hands in many more niche industries than conversational machine learning.
If you really want to go all-in on conversational AI, you might think about C3.ai (
NYSE:AI
), which recently launched a suite of generative AI tools. Others in this specific market to consider are SoundHound AI (
NASDAQ:SOUN
), which introduced a conversational AI platform called Dynamic Interaction, and BigBear.ai Holdings (
NYSE:BBAI
), which has a contract with the U.S. Air Force.
However, I would cross BigBear.ai off of the list because the company seems to be much more focused on cybersecurity-related machine learning than conversational AI. Still, the bigger issue is that the pure-play stocks -
AI,
SOUN, and
BBAI - all have gone parabolic in 2023 so far. I'm talking about gains in the hundreds of percentage points in a matter of weeks. If you're a true contrarian, then the charts of these stocks should make you think twice about jumping into the trade now.
If I had to choose a conversational AI stock right now, it would probably be C3.ai because it's a bigger and more established pure-play machine learning business than SoundHound AI and BigBear.ai. So, let's see what analysts have to say about C3.ai stock.
What is the Price Target for C3.ai Stock?
AI has a Hold consensus rating based on two Buys, two Holds, and three Sell ratings assigned in the past three months. The average
C3.ai stock price target of $16.50 implies 26.5% downside potential.
EV Stocks are Way Down but Curling for a Comeback
Unlike pure-play conversational AI stocks, EV stocks are generally far below their prior peak prices. The most obvious example would be Tesla (
NASDAQ:TSLA
) stock, which topped out above $400 but is now close to $200.
TSLA's stock chart is exactly what value investors should look for -- a major discount to the previous high price, but also not a falling knife as the buyers recently stepped in to push the stock back up.
You'll see a similar shape in Ford's (
NYSE:F
)
stock chart as well as General Motors' (
NYSE:GM
)
stock chart. Ford and GM aren't pure plays in the EV industry quite yet, but they're heading in that direction. It shouldn't be too surprising if both of these automotive giants release new and upgraded EVs this year.
Still, Tesla is the purest of pure plays in EV manufacturing, and TSLA stock didn't go vertical like the conversational AI stocks did. Moreover, Tesla stock has plenty of Buy ratings on Wall Street, so let's delve into the analyst consensus on Tesla now.
What is the Price Target for Tesla Stock?
On Wall Street, TSLA has a Moderate Buy consensus rating based on 21 Buys, six Holds, and three Sell ratings assigned in the past three months. The average
Tesla stock price target of $198.85 implies 1.8% upside potential.
Conclusion: EV Stocks Aren't as Overbought as Conversational AI Stocks
There's nothing wrong with owning shares of both conversational AI stocks and EV stocks. These two industries have room to expand in 2023 and beyond.
If you truly believe in "buy low, sell high," however, then you might choose to allocate more to EV stocks than conversational AI stocks. Then, be watchful and nimble: If the tides turn and EV stocks reach new highs while conversational AI stocks decline, it's possible to reallocate as a response to any share-price shifts that may occur.
Disclosure
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Consumer Discretionary Select Sector SPDR Fund (Symbol: XLY) where we have detected an approximate $172.4 million dollar inflow -- that's a 1.2%
Ford Motor Co has cut its stake in struggling EV maker Rivian Automotive Inc to 1.15%, a week after the Detroit automaker reported a fall in profit and predicted a tough year ahead.
The NASDAQ 100 Pre-Market Indicator is down -79.74 to 12,301.43. The total Pre-Market volume is currently 49,546,376 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is -0.59 at $23.73, with 7,552,713 shares traded.