Nasdaq F Ford

Consumer stocks were rising Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.6%.

What happened Established automakers are finding out it's hard to ramp up electric vehicle (EV) production, and that's benefiting EV startups like Lucid Group (NASDAQ: LCID) Friday. Lucid shares were trading up by 8.2% as of 12:30 p.m. ET.

Allison Transmission Holdings ALSN delivered second-quarter 2023 earnings of $1.92 per share, which rose 52% year over year and topped the Zacks Consensus Estimate of $1.61 on higher-than-expected sales from the North America On-H

Mobileye Global Inc. MBLY registered second-quarter 2023 adjusted earnings per share of 17 cents, outpacing the Zacks Consensus Estimate of 13 cents. The bottom line, however, fell 20% from the 21 cents per share reported in the y

What happened After moving in reverse yesterday, shares of Rivian (NASDAQ: RIVN) are powering higher again today. Investors are taking note of some recent analysts who have espoused bullish views on the electric pickup truck manufacturer.

Wall Street rose on Friday after data signaling easing inflation pressures added to hopes that the Federal Reserve's policy tightening was ending, while chip stocks rose as Intel posted a surprise quarterly profit.

Sonic Automotive, Inc. SAH registered second-quarter 2023 adjusted earnings per share of $1.83, outpacing the Zacks Consensus Estimate of $1.63. The bottom line, however, fell 25% from the $2.45 per share reported in the year-ago

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.85%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.52%. Stocks this morning are moderately higher after key measures...

Ford F reported adjusted earnings of 72 cents per share for second-quarter 2023, which beat the Zacks Consensus Estimate of 51 cents and increased from 68 cents recorded in the year-ago quarter. Higher-than-expected automotive rev

Wall Street opened higher on Friday after data signaling easing inflation pressures added to hopes that the Federal Reserve's policy tightening was ending, while chip stocks rose as Intel posted a surprise quarterly profit.

Ford Motor Company (F) reported $42.43 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 11.9%. EPS of $0.72 for the same period compares to $0.68 a year ago.

Ford Motor Company (F) reported $42.43 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 11.9%. EPS of $0.72 for the same period compares to $0.68 a year ago.

Wall Street was set to open higher on Friday after data showing easing inflation pressures added to hopes that the Federal Reserve's policy tightening was ending, while chip stocks surged as Intel posted a surprise quarterly profit.

Ford Motor said Friday it is recalling 870,000 F-150 trucks in the United States because of the risk of an unexpected activation of the electric parking brake due to a potential wiring issue.

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.64%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +1.03%. Stock indexes this morning are climbing on signs of easing price pressures after the U.S. Q2 employment cost index rose at the slowest pace in...

Alongside the June Personal Income & Spending data, we will also receive the June PCE Price Index figures, a preferred gauge of inflation by the Fed.

U.S. stock index futures rose on Friday and put Wall Street on track for a higher close for the week, which was dominated by the Federal Reserve's signals on a possible end to rate hikes and mixed earnings reports from marquee tech companies.

U.S. stock index futures rose on Friday, setting Wall Street on course to end a data- and earnings-heavy week higher, with investors eagerly awaiting key inflation figures later in the day.

After General Motors (US:GM) delivered "beat-and-raise" second-quarter results on the morning of July 25, GM stock is nonetheless well below the levels at which it closed on July 24.Interestingly, the put/call ratio of GM stock remained neutral on July 25, according to data compi

Ford Motor ( NYSE:F ) delivered  better-than-expected Q2 earnings and raised its full-year outlook. However, its stock is down about 1.2% in the after-hours, reflecting declining price premiums for  EVs (Electric Vehicles), which is taking a toll on its profitability. Given the declining price premiums and drastic pricing pressure, Ford now expects to deliver a loss of $4.5 billion in its Model E division (which creates EV models), up from its earlier loss forecast of $3 billion.  Nonetheless, its diversified product portfolio positions it well to navigate the current challenges and deliver solid growth in the long term. Ford's Diversified Portfolio Could Lead to Durable Growth The adoption of EVs continues to grow. However, the heightened competition in this space has led to a decline in the price premiums of EVs over internal combustion vehicles (ICE), noted Ford Motor’s CEO Jim Farley during the Q2 conference call. While Farley expects the EV market to stay volatile, he remains confident that Ford’s diversified portfolio offers an edge over the competition and positions it well to navigate the near-term challenge.  Farley highlighted that competition in the EV market has grown with the continued growth in the number of global entrants. This has led to a dramatic increase in pricing pressure. He added that the EV price premiums over internal combustion vehicles fell over $3,000 in Q2 and about $5,000 in the first half of 2023.  Nonetheless, businesses like Ford Blue (which focuses on ICE and improving cost structure) and Ford Pro (a division focusing on vehicles, software, and services for commercial customers) continue to support its growth. Moreover, initiatives to lower the cost structure augur well for future growth.  While the EV price premiums have normalized more quickly than anticipated and are hurting the company's profitability, Ford raised its full-year EBIT and free cash flow guidance, reflecting the strength of its diversified portfolio. Let’s delve into the 2023 outlook.  Ford Raises Guidance Despite EV Pricing Pressure Ford continues to face inflationary and EV pricing pressure. Besides pricing pressure, investments in new products and capacity (targeting 600,000 annual production units of EVs by next year) are likely to hurt margins.  Nonetheless, the company raised its company-wide EBIT guidance for the full year, reflecting strength in its Ford Blue segment. Ford expects to deliver adjusted EBIT in the range of $11 billion and $12 billion in 2023, up from its previous forecast of $9 to $11 billion.  At the same time, Ford expects its adjusted free cash flow to be between $6.5 billion and $7 billion, up from its previous forecast of $6 billion. While Ford’s diversified portfolio could enable it to navigate the challenges in the EV space, let’s understand what analysts recommend for the stock.  Is Ford Stock a Buy, Hold, or Sell? Given the declining EV price premiums, increased competition, and wider losses in its Model E division, Wall Street analysts remain sidelined on  Ford stock. It has received three Buy, three Hold, and two Sell recommendations for a Hold consensus rating. Analysts’ average price target of $14.83 implies 8.01% upside potential. Disclosure