A bipartisan $1.2 trillion infrastructure framework does not contain new money for electric vehicle rebates but would spend $15 billion to boost EV charging stations and buy electric school and transit buses, the White House said in a fact sheet.
Investors in Ford Motor Co. (Symbol: F) saw new options begin trading today, for the August 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the F options chain for the new August 6th contracts and identified one put and one call contra
The NASDAQ 100 Pre-Market Indicator is up 80.2 to 14,354.44. The total Pre-Market volume is currently 34,975,028 shares traded.The following are the most active stocks for the pre-market session: Marin Software Incorporated (MRIN) is +1.07 at $2.78, with 12,681,299 shares traded
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Constellation Brands Inc (Symbol: STZ), where a total volume of 4,051 contracts has been traded thus far today, a contract volume which is representative of app
The NASDAQ 100 Pre-Market Indicator is up 20.74 to 14,291.16. The total Pre-Market volume is currently 18,327,098 shares traded.The following are the most active stocks for the pre-market session: Clover Health Investments, Corp. (CLOV) is +1.3 at $13.93, with 4,662,945 shares t
The U.S. Postal Service (USPS) is renewing its fleet of delivery vehicles and Ford Motor (F) has been tapped as parts supplier, according to a Reuters report.
The USPS contracted with Oskhosh Defense to have it build modern delivery vehicles for the postal service. The portfolio will consist of both electric and gasoline-powered vehicle models. Oskhosh Defense is a unit of Oshkosh Corp (OSK).
Ford will provide Oskhosh with engines and transmissions to use in making the new USPS delivery vehicles. Suspensions and other parts are also included. The parts will come from Ford’s Michigan plant, while Oskhosh will assemble the vehicles in South Carolina.
Oskhosh’s contract with the USPS could be worth more than $6 billion, according to Reuters, but Ford has not disclosed the financial terms of its deal. (See Ford stock chart on TipRanks)
Morgan Stanley analyst Adam Jonas reiterated a Sell rating on Ford stock but raised the price target to $11 from $9. Jonas’ new price target implies 26.22% downside potential. The analyst sees opportunity for automakers in the connected, or remote services, car business.
In addition to the price target hike, Jonas lifted Ford’s 2021 EPS estimate by 12 cents to $1 and 2022 EPS estimate by eight cents to $1.38. The valuation changes mark the analyst’s first time giving credit to Ford's connected services.
"Recurring software derived and software delivered revenue will soon become table stakes and a highly competitive marketplace, but investors seem to be wrong-footed on the how quickly this can take root,” commented Jonas.
Consensus among analysts is a Moderate Buy based on 9 Buys, 6 Holds, and 1 Sell. The average Ford analyst price target of $15.25 implies 2.28% upside potential to current levels.
Ford scores a “Perfect 10” on TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.
In 2018, Whirlpool Corp swung to a loss after a tariff-fueled rally in U.S. steel prices drove up its raw-materials costs. With so much money coursing through the economy at a time when the pandemic-induced disruptions have constrained supplies and prevented a buildup in inventories, companies are able to charge higher prices without hurting sales.
Volkswagen AG's ID series - the backbone of its electric vehicle ambitions - is off to what even company sources call a worryingly slow start in China.
Ford Motor Co will provide engines, transmissions and other parts for the next-generation U.S. Postal Service (USPS) delivery vehicles being built by Oskhosh Defense.
5 Electric Vehicle Stocks To Watch This WeekElectric vehicle stocks may not be the hottest investment theme in the stock market right now. But the bullish thesis surrounding the industry remains intact. With companies like Tesla (NASDAQ: TSLA) making cars that can outperform many
The NASDAQ 100 Pre-Market Indicator is up 13.39 to 14,150.62. The total Pre-Market volume is currently 18,156,611 shares traded.The following are the most active stocks for the pre-market session: ContextLogic Inc. (WISH) is +0.16 at $13.66, with 6,137,819 shares traded. As repo
Volkswagen AG's ID series - the backbone of its electric vehicle ambitions - is off to what even company sources call a worryingly slow start in China.
An Indian court on Tuesday asked the Tamil Nadu state government to inspect a Renault-Nissan plant on July 3 to check whether social distancing norms are being followed.
The NASDAQ 100 Pre-Market Indicator is down -1.95 to 14,047.63. The total Pre-Market volume is currently 23,148,495 shares traded.The following are the most active stocks for the pre-market session: MediciNova, Inc. (MNOV) is +1.56 at $5.32, with 5,343,657 shares traded., follow
Car factories, including those of Renault-Nissan, Hyundai and Ford, can operate with full workforces in India's automaking hub from Monday, even though 75% of workers at the global carmakers' plants have not been vaccinated against COVID-19.