Tesla Earmnings – Investing News Wire http://investingnewswire.club/ Thu, 13 Jan 2022 04:07:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://investingnewswire.club/wp-content/uploads/2021/05/default1.png Tesla Earmnings – Investing News Wire http://investingnewswire.club/ 32 32 Tesla’s (TSLA) fourth quarter and full year 2021 earnings call slated for Jan. 26, Musk expected to share product roadmap update https://investingnewswire.club/teslas-tsla-fourth-quarter-and-full-year-2021-earnings-call-slated-for-jan-26-musk-expected-to-share-product-roadmap-update/ Thu, 13 Jan 2022 04:07:30 +0000 https://investingnewswire.club/teslas-tsla-fourth-quarter-and-full-year-2021-earnings-call-slated-for-jan-26-musk-expected-to-share-product-roadmap-update/ Tesla (NASDAQ:TSLA) will hold its Call for fourth quarter and full year 2021 results on Wednesday, January 26, 2022. As usual, Tesla will send out a brief notice ahead of the call with a link to a fourth quarter and full year 2021 update. The live Q&A webcast will begin around 4 p.m. 3:30 a.m. […]]]>

Tesla (NASDAQ:TSLA) will hold its Call for fourth quarter and full year 2021 results on Wednesday, January 26, 2022. As usual, Tesla will send out a brief notice ahead of the call with a link to a fourth quarter and full year 2021 update. The live Q&A webcast will begin around 4 p.m. 3:30 a.m. Central Time (5:30 p.m. Eastern Time).

In November 2021, Elon Musk also said he would provide a updated product roadmap during the fourth quarter and fiscal year 2021 earnings call. Tesla still has a few products customers want to learn more about, particularly the Cybertruck and the Semi.

For example, PepsiCo is expected to receive its first batch of Tesla Semi deliveries at the end of this month. Musk could provide a stronger timeline for Semi deliveries and Tesla’s progress on Class 8 truck production during the next earnings call.

As for the Cybertruck, Tesla previously said it had already produced a few alpha prototypes of the all-electric pickup. A few people have already spotted the Cybertruck alpha prototypes in the wild a few times.

Tesla said it produced 305,840 vehicles in the fourth quarter of 2021. It delivered a total of 308,600 cars in the fourth quarter. Tesla made a total of 930,422 cars in 2021. It was very close to hitting 1 million deliveries last year with a total of 936,172 vehicles.

A Tesla product roadmap would provide details of the company’s plans for the future. 2022 is likely to be a big year for Tesla, especially given its vehicle production plans at Giga Texas and Giga Berlin. Giga Shanghai also plans to increase production capacity with a 1.2 billion RMB ($188 million) expansion project.

The Teslarati team would appreciate hearing from you. If you have any advice, contact me at [email protected] or through Twitter @Writer_01001101.

Tesla’s (TSLA) fourth quarter and full year 2021 earnings call slated for Jan. 26, Musk expected to share product roadmap update






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Tesla (TSLA) signs nickel supply agreement with Talon for battery cells https://investingnewswire.club/tesla-tsla-signs-nickel-supply-agreement-with-talon-for-battery-cells/ Tue, 11 Jan 2022 14:06:00 +0000 https://investingnewswire.club/tesla-tsla-signs-nickel-supply-agreement-with-talon-for-battery-cells/ You’re here TSLA recently signed its first nickel supply agreement in the United States, selecting Talon Metals Corp’s Tamarack mine project in Minnesota with the goal of manufacturing electric vehicle (EV) battery metal in a sustainable manner. Concerns about climate change have peaked in recent times. This requires the development of electric vehicle batteries to […]]]>

You’re here TSLA recently signed its first nickel supply agreement in the United States, selecting Talon Metals Corp’s Tamarack mine project in Minnesota with the goal of manufacturing electric vehicle (EV) battery metal in a sustainable manner.

Concerns about climate change have peaked in recent times. This requires the development of electric vehicle batteries to decarbonize the global economy, stimulating demand for metals, especially copper and nickel, used to produce batteries. An expected increase in demand for nickel is predicted over the next decade, as electric vehicles gain momentum and gain in popularity. Nickel improves the energy storage capacity in the cathode of a battery, thus extending the range of an EV.

Tesla‘s announcement comes in light of demands for climate change. The company is driven by its vision to accelerate the transition to green transportation solutions. Tesla CEO Elon Musk since 2020 has been insisting on increasing nickel production in an environmentally sustainable manner.

The United States, so far, has not performed well in nickel production. Indonesia is the world’s largest producer of nickel. However, miners there mainly use energy-intensive technologies to extract the metal and engage in controversial waste disposal practices, including dumping waste rock into waterways. The Talon project in Minnesota is a joint venture with Rio Tinto. It secures a key US source of metal for Tesla battery factories in Texas and Nevada while reducing the company’s supply lines. It is expected to start by 2026.

Talon plans to use technology that can suck carbon dioxide from the atmosphere and chemically bind it. This allows for permanent storage of gas in rocks found inside Talon’s Tamarack project in northern Minnesota. The process, still in the testing phase, would allow Talon to market carbon neutral nickel, which will represent a big ticket for Tesla in the field of electric vehicles.

Tesla plans to purchase 75,000 tonnes of nickel concentrate over the next six years, along with smaller quantities of cobalt and iron ore, at prices listed on the London Metals Exchange. However, it is unclear where Tesla will refine the nickel concentrate because the United States does not have a nickel refinery.

Last year, the EV Magnet signed a similar nickel supply agreement with BHP Group BHP in Australia to secure the nickel supply to the latter’s Nickel West mine.

The alliance forced Tesla and BHP Group to join forces to build a more efficient battery supply chain. The companies have leveraged blockchain technology for the sourcing and production of raw materials and identified the supply chain partners that best fit their vision and battery value chains. BHP and TSLA have also partnered on sustainable solutions for energy storage aimed at reducing carbon emissions.

Tesla’s commitment to a defined future for electric vehicles and its focus on sustainability naturally makes it the clear leader in electric vehicles.

Tesla shares have risen 30.4% in the past year compared to the industry’s 7.8% growth.

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Rank of Zacks and choice of keys

Currently, Tesla wears a Zacks Rank # 3 (Hold).

Some better ranked players in the automotive space are Authentic pieces GPC and Fox Factory Holdings FOXF, each currently wearing a Zacks Rank # 2 (Buy). You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.

Genuine Parts has an expected profit growth rate of 27.3% for the current year. Zacks’ consensus estimate for current year earnings has been revised about 2% up in the past 60 days.

Genuine Parts earnings have exceeded Zacks’ consensus estimate for the past four quarters. GPC has achieved a surprise earnings over the last four quarters of 16% on average. Its shares also gained 31.3% year on year.

Fox Factory has an expected earnings growth rate of 48.2% for the current year. Zacks’ consensus estimate for the current year has been revised about 2% up in the past 60 days.

Fox Factory’s bottom line has beaten Zacks’ consensus estimate for the past four quarters. FOXF delivered a surprise earnings surprise over the past four quarters of around 16% on average. The share rose 27.9% year on year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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My top 3 choices of biopharmaceutical stocks for 2022 https://investingnewswire.club/my-top-3-choices-of-biopharmaceutical-stocks-for-2022/ Sun, 09 Jan 2022 15:30:00 +0000 https://investingnewswire.club/my-top-3-choices-of-biopharmaceutical-stocks-for-2022/ TThanks to the double headwinds of skyrocketing inflation and the threat of rising interest rates, biopharmaceutical stocks appear poised for a turbulent 2022. response to these tightly nested macro variables. This year therefore seems destined to be a real “stock picking market” for biopharmaceutical investors. With those macroeconomic headwinds in mind, here are my top […]]]>

TThanks to the double headwinds of skyrocketing inflation and the threat of rising interest rates, biopharmaceutical stocks appear poised for a turbulent 2022. response to these tightly nested macro variables.

This year therefore seems destined to be a real “stock picking market” for biopharmaceutical investors. With those macroeconomic headwinds in mind, here are my top three biopharmaceutical stock picks for calendar year 2022.

Image source: Getty Images.

Two ways to win

Pharmaceutical Aurinia (NASDAQ: AUPH) could be in the danger category as an early stage biopharmaceutical, but this company has an exceptional chance of producing above-market returns for shareholders in 2022. The singular reason is the oral lupus nephritis (LN) drug Aurinia, Lupkynis (voclosporin). Lupkynis was approved in January 2021, and so far the drug appears to be grabbing a respectable share of the LN market. In the first nine months of 2021, for example, the drug generated $ 22.2 million in sales, which isn’t a bad start for a new drug marketed by a new commercial biopharmaceutical company. Even more impressively, Wall Street expects Lupkynis to experience exponential sales growth this year, with the average analyst estimate for 2022 currently standing at $ 206.4 million.

From a global perspective, Aurinia shares appear to be woefully undervalued in light of Lupkynis’ underlying value proposition. From an organic growth perspective, Wall Street estimates the drug will exceed $ 1 billion in annual sales by 2026. And by the end of the decade, Lupkynis could cross the $ 2 billion sales mark. annuals, depending on how well some potential competitors are doing in their ongoing clinical studies. Aurinia’s revenue is therefore expected to grow at a compound annual growth rate (CAGR) of around 40% over the next five years, and in the best-case scenario, the company’s annual sales could even show a CAGR of 33%. through 2030. That’s a huge level of organic sales growth.

Successful drugs, defined as those that exceed the annual sales threshold of $ 1 billion, don’t exactly fall from the trees. But Aurinia has also been touted several times as one of the top buyout contenders over the past two years. While these rumors have yet to materialize, there is no doubt that this idea has a solid foundation. Many large pharmaceutical companies with a strong interest in autoimmune diseases such as LN face key patent expiries in the years to come. In addition, most of these companies currently have a massive stockpile of cash. Aurinia would thus fill a great void in their product portfolios.

All in all, Aurinia’s stock offers investors top-notch levels of organic sales growth, as well as the opportunity to realize a significant gain through a buyout scenario.

Close up image of a brain.

Image source: Getty Images.

A major regulatory victory could be on the way

Axsome Therapeutics (NASDAQ: AXSM) is one of the few clinical-stage biopharmaceutical stocks in which Wall Street remains confident as 2022 kicks off. After all, the 12-month consensus target price among analysts covering this stock implies a whopping 161% upside potential from current levels.

Wall Street’s confidence stems primarily from the subsequent regulatory and commercial outlook for Axsome’s investigational major depressive disorder (MDD) drug AXS-05. The drug suffered a regulatory delay last year for two analytical methods in the Chemistry, Manufacturing and Controls section of its regulatory filing with the Food and Drug Administration (FDA). Instead of outright dismissing AXS-05’s private label regulatory brief, the FDA appears to be working with the company to address these shortcomings – at least according to Axsome’s third quarter 2021 results release.

The big problem is that AXS-05 is expected to generate $ 893 million in sales as a top-notch treatment for MDD by 2026, according to Evaluate Pharma. This is a gargantuan revenue stream for a biopharmaceutical company with a current market capitalization of $ 1.24 billion. Additionally, Axsome is also awaiting a response from the FDA regarding a regulatory filing for its acute migraine drug, AXS-07. The drug is not expected to achieve blockbuster status due to the highly competitive nature of the migraine drug space. But this drug could very possibly bring in a few hundred million in annual sales at its peak.

Why is Axsome stock trading at such a depressed valuation compared to the combined business potential of the AXS-05 and AXS-07? The market is clearly not convinced that the FDA will approve AXS-05 during the current review cycle. This is an interesting point of view, given that the FDA could already have rejected the drug to force Axsome to fill the outstanding loopholes through a revised regulatory dossier. Yet the agency has not done so more than four months after the start of this extended review cycle.

Conclusion: The action of Axsome is deeply undervalued should the FDA indeed give the green light to AXS-05 this year. And if the FDA demands another round of review for AXS-05, biopharma shares are already trading as if this scenario were inevitable.

Wooden blocks describing mergers and acquisitions.

Image source: Getty Images.

A special buyback offer

Cardiff Oncology (NASDAQ: CRDF) has also caught the attention of Wall Street lately. Wall Street’s 12-month average price target implies a breathtaking 274% upside potential for this small-cap biopharmacy, compared to its current price.

Wall Street’s enthusiasm for Cardiff stems mainly from a recent $ 15 million investment by Pfizer (NYSE: PFE). In short, Pfizer is bursting with cash from its sales of COVID-19 products, and the pharmaceutical giant has previously announced that it is looking to be aggressive in the M&A scene to avoid the eventual commercial decline of this key franchise. Pfizer’s sudden interest in Cardiff was therefore widely seen as a prelude to a possible takeover.

What would Pfizer get by buying Cardiff? Cardiff is developing a third generation Polo-Like Kinase 1 (PLK1) inhibitor known as onvansertib. PLK1 inhibitors have shown clinical promise before, but their unfavorable safety profiles have prevented them from becoming an important new class of cancer therapy. Cardiff believes it has solved this toxicity problem with its third generation PLK1 inhibitor, onvansertib.

What should investors watch out for? Cardiff is on track to announce the first results of the onvansertib KRAS-mutated metastatic colorectal cancer study this summer. If the drug’s efficacy and safety results are there, it wouldn’t be surprising to see Pfizer pull the trigger of a deal.

Now, despite this interest from Pfizer, Cardiff is undoubtedly a super risky game. After all, cancer drug trials have an extremely low success rate.

That being said, Cardiff’s huge upside potential should appeal to the risk-tolerant crowd.

10 stocks we prefer at Aurinia Pharmaceuticals
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George Budwell has no position in the stocks mentioned. The Motley Fool owns and recommends Axsome Therapeutics. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Elon Musk says Tesla will raise price of ‘FSD’ to $ 12,000 in US https://investingnewswire.club/elon-musk-says-tesla-will-raise-price-of-fsd-to-12000-in-us/ Sat, 08 Jan 2022 00:35:00 +0000 https://investingnewswire.club/elon-musk-says-tesla-will-raise-price-of-fsd-to-12000-in-us/ A Tesla Model Y electric vehicle is on display in a showroom in the Miami Design District on October 21, 2021 in Miami, Florida. Joe Raedle | Getty Images Tesla CEO Elon Musk on Friday announced on Twitter that the company would increase the price of its premium driver assistance package, marketed as Full Self-Driving […]]]>

A Tesla Model Y electric vehicle is on display in a showroom in the Miami Design District on October 21, 2021 in Miami, Florida.

Joe Raedle | Getty Images

Tesla CEO Elon Musk on Friday announced on Twitter that the company would increase the price of its premium driver assistance package, marketed as Full Self-Driving or FSD, from $ 10,000 to $ 12,000. $ January 17, for customers in the United States only.

In a series of messages on Twitter, where he has 69.2 million subscribers, Musk wrote, “The price of Tesla’s FSD rose to $ 12,000 on January 17. Just in the US. The price of FSD will increase as we get closer to the release of FSD production code. “

When asked by a follower about Tesla’s FSD subscription product (which currently costs $ 199 per month for most customers), Musk noted, “The price of the monthly subscription will increase when FSD is released. in large scale”. He also announced a new version of FSD Beta, an invitation-only program that offers more advanced features to certain drivers meeting Tesla’s qualifications.

Tesla does not disclose in its earnings reports exactly how many of its customers prepay for FSD or subscribe to FSD each quarter. It is therefore not clear to what extent a rise in prices in the United States could strengthen its margins in the future.

The company’s standard driver assistance package is marketed as Autopilot and comes standard with all of its new vehicles (the S, X, Y and 3 models).

Autopilot functionality includes, but is not limited to, Automatic Emergency Braking, Forward Collision Warning, Lane Keeping, and Adaptive Cruise Control, which basically match your car’s speed at that of surrounding traffic, according to Tesla’s website.

Tesla’s Fully Autonomous Driving Option, also known as FSD, is a premium package that includes autopilot functions and more sophisticated features such as automatic lane change, brake light recognition and “Smart invocation” which allows drivers to call their cars from a parking lot to pick them up, using their smartphone and the Tesla app as a remote control. Despite its name, today it does not allow cars to drive automatically without driver intervention.

Separately, there is also an FSD beta level, which includes even more advanced features.

Musk said in a tweet on Friday that a new version 10.9, updating the beta version of FSD, was nearing completion.

Only drivers who receive, buy or subscribe to FSD and receive high marks in a Tesla “safety score”, can access the beta version of FSD. Once they’re there, they can test unfinished features like “city streets autoguiding,” which Tesla says will eventually allow drivers to navigate residential and city streets, avoiding all obstacles. , without having to go alone.

The California Department of Motor Vehicles and the National Highway Traffic Safety Administration are studying different aspects of Tesla’s FSD development and technology.

Tesla told the two agencies that its technology was only a “level 2” system. As defined by the DMV, “Level 2 systems may improve safety or provide driver assistance, but are not able to drive or operate the vehicle without active physical control or human supervision.” .

But Musk has hinted that the company’s technology is more advanced than Level 2. In an interview published on Dec. 28, 2021, YouTuber Lex Fridman asked Musk, “When do you think Tesla will solve Level 4 FSD?” Musk replied: “It seems very likely that it will be next year” which is 2022.

Tesla has been promising self-driving cars since around 2016, but the company still hasn’t demonstrated the hands-free driving across the United States that Elon Musk says would be possible by the end of 2017.


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Ford U.S. sales down 6.8% in 2021 due to chip shortage as fourth quarter improves https://investingnewswire.club/ford-u-s-sales-down-6-8-in-2021-due-to-chip-shortage-as-fourth-quarter-improves/ Wed, 05 Jan 2022 19:00:37 +0000 https://investingnewswire.club/ford-u-s-sales-down-6-8-in-2021-due-to-chip-shortage-as-fourth-quarter-improves/ In line with an industry that has seen massive fallout from a global semiconductor shortage, Ford Motor Co. sales in the United States fell in 2021, but the latter part of the year marked major milestones for the Dearborn automaker, which has beaten its foreign and domestic rivals. to become the best-selling automaker in the […]]]>

In line with an industry that has seen massive fallout from a global semiconductor shortage, Ford Motor Co. sales in the United States fell in 2021, but the latter part of the year marked major milestones for the Dearborn automaker, which has beaten its foreign and domestic rivals. to become the best-selling automaker in the fourth quarter.

For the year, Ford recorded around 1.9 million sales in the United States, according to figures released Wednesday, up from more than 2 million in 2020 and more than 2.4 million in 2019. Sales were also down by 17 , 1% in December. But the fourth quarter was a solid one for the automaker, which took the top spot in sales in the United States and conquered its position as the No. 2 seller of electric vehicles in 2021, behind market leader Tesla Inc.

In the United States, sales are forecast to increase slightly in 2021 to reach around 15 million vehicles. But even though it’s better than in 2020, when sales plummeted due to the pandemic, they are still well below the 17 million in sales of 2019.

Nonetheless, Ford managed to increase production and sales volume in the fourth quarter after being hit hard by the chip shortage at the start of the year. It posted 508,451 fourth quarter sales, up 26.8% from the third quarter.

The company’s F-Series franchise also hit its 45th consecutive year as the nation’s best-selling truck, with sales of 726,004 down 7.8% year-over-year. Segment competitor Ram finished in second place with 569,388 pickup trucks sold, while Chevrolet finished with 529,765 Silverado truck sales. General Motors Co.’s other truck maker, GMC, sold 248,924 Sierra pickup trucks.

“Ford ended the year strong, as the only American automaker to hit half a million fourth quarter sales, making Ford the best-selling automaker in the United States,” said Andrew Frick, Ford’s vice president of sales for the United States and Canada, in a statement. .

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“Based on the strong success of the Mustang Mach-E, Ford has moved up to second place in electric vehicle sales in the United States behind Tesla,” he added. “Last year was a pivotal year for Ford in the electrified vehicle segment and this year we continue to grow, adding the F-150 Lightning and E-Transit to our electric vehicle lineup. vehicle orders in December, which will ensure continued momentum until 2022. “

Meanwhile, GM saw sales drop 13% in 2021 to around 2.2 million vehicles. For the first time in 90 years, the Detroit-based automaker ranked second in annual sales in the United States, relinquishing its No. 1 spot to Japanese automaker Toyota Motor Corp.

GM sales fell 43% year-on-year in the fourth quarter to 440,745 vehicles. Stellantis NV also saw its sales fall; Fourth-quarter sales were down 18% to 412,000 units, and the automaker ended 2021 with sales down 2% to nearly 1.8 million.

For foreign automakers, the results for 2021 have been mixed. Honda Motor Co. sold nearly 1.5 million vehicles in the United States, up 9%. Hyundai Motor Co. sold more than 738,000 vehicles, up 19%. Subaru Corp. sales fell 4.6% to nearly 584,000. Tesla does not break down sales by geographic area, but delivered 936,000 vehicles globally last year, an increase of 87%.

Hot new products

Ford attributed much of its strength in the fourth quarter to demand for a popular new vehicle lineup, including the Bronco SUV, the Maverick pickup truck, and the all-electric Mustang Mach-E.

Among Ford’s most popular new products is Maverick, a compact pickup truck that comes standard with a hybrid powertrain. Ford sold 6,030 Maverick trucks in December, including 2,159 hybrids and a total of 13,258 in 2021 after their fall launch.

Another bright spot for the automaker has been SUVs, with sales in the segment up 10.4% last year. The new Ford Bronco, one of the most anticipated launches of 2021, recorded just over 35,000 sales to end the year. Bronco’s little brother, the Bronco Sport, launched in late 2020, recorded 108,169 sales in 2021.

For the year as a whole, Mustang sales were down 14.2%. Sales of Ford’s luxury brand Lincoln fell 17.5%.

“Ford had a very hectic period in the middle of the year, especially regarding the lack of chips for its F-150. But they started to get by at the end of the summer, and their inventory started to improve, ”said Michelle Krebs, executive analyst for Cox Automotive. “And there have been some very positive things for Ford this year. The Bronco took off. The Maverick has really captured people’s imaginations.

Meanwhile, Ford said it took 70,000 orders for new vehicles from retail customers in December, up 58,000 vehicles from a year ago. Thirty-three percent of its retail sales came from fulfilling customer orders. Since the onset of the chip shortage, the automaker – along with some of its competitors – has been looking at a model in which customers order and configure their vehicle before it’s built rather than buying the bundle. .

The company expressed optimism about its position to start 2022, with 247,000 vehicles in stock, which it said was the best position in the industry.

VE # 2 seller

2021 marked a major milestone for Ford as the automaker aims to double its electric vehicle capacity to 600,000 vehicles per year within two years and consolidate the No. 2 position in the US market behind Tesla. Ford achieved this goal in 2021, posting its best sales figures for all-electric vehicles with 27,140 Mustang Mach-E sales.

The result was in part due to GM’s recall of all Bolt EVs and EUVs – more than 141,000 manufactured since the 2017 model year – and the suspension of sales of the only all-electric vehicle it had on the market for a while. much of 2021.

Still, Ford and pundits expect the automaker to continue to be a major contender in the electric vehicle space this year as it prepares to launch the all-electric F-150 Lightning, an electric version. battery-powered truck in the United States. The pickup is expected to go on sale this spring, and Ford’s inventory was up this week following news that the automaker plans to nearly double the truck’s production capacity due to strong demand.

In December, the automaker hit a new record for electrified vehicles with 12,284 sales, up 121% year-on-year.

Ford shares traded Wednesday at their highest level since 2001 after opening at $ 24.06 a share before closing at $ 23.66. Ford had the best performing auto inventory of 2021, gaining 136%.

Investment research firm CFRA Research raised its 12-month price target for Ford shares from $ 8 to $ 32 and reiterated its buy opinion following the automaker’s sell report.

“With additional market share gains from the F-150 Lightning, Bronco and other vehicles, we remain bullish on Ford, expect a combination of earnings growth and multiple expansion to propel stocks up. increase as EV sales increase and inventory is valued less like a single-digit P / E (price-earnings ratio) for many automakers, ”CFRA Vice President Garrett Nelson wrote in a note.

“In addition,” he added, “we have a high degree of confidence in CEO Jim Farley and view (Ford’s) global operations as having considerable rewards at hand in terms of additional costs and costs. ‘improved productivity. “

jgrzelewski@detroitnews.com

Twitter: @JGrzelewski


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Alphabet (GOOGL) strengthens Stadia game suite with new titles https://investingnewswire.club/alphabet-googl-strengthens-stadia-game-suite-with-new-titles/ Mon, 03 Jan 2022 20:26:00 +0000 https://investingnewswire.club/alphabet-googl-strengthens-stadia-game-suite-with-new-titles/ AlphabetGoogle’s GOOGL division has pulled all cylinders to expand its presence in the cloud gaming space, supported by growing initiatives for its Stadia game streaming platform. Alphabet recently added five games titled Darksiders III, The Darkside Detective: A Fumble in the Dark, Bloodstained: Ritual of the Night, Shantae: Risky’s Revenge – Director’s Cut and DreamWorks […]]]>

AlphabetGoogle’s GOOGL division has pulled all cylinders to expand its presence in the cloud gaming space, supported by growing initiatives for its Stadia game streaming platform.

Alphabet recently added five games titled Darksiders III, The Darkside Detective: A Fumble in the Dark, Bloodstained: Ritual of the Night, Shantae: Risky’s Revenge – Director’s Cut and DreamWorks Dragons: Dawn of the New Riders to the platform.

The new games are now available with a subscription to Stadia’s premium service called Stadia Pro. With these additions, Alphabet is expanding its portfolio of Stadia games. Currently, the number of game titles on Stadia stands at 45.

We believe the latest initiative should help GOOGL attract game streamers to its platform.

This, in turn, will strengthen Stadia’s premium subscriber base, which will be reflected in Alphabet’s first line.

Alphabet Inc. Price and consensus

Alphabet Inc. price-consensus-chart | Alphabet Inc.

Growing Stadia initiatives

The addition of game titles is in line with GOOGL’s growing efforts to provide an enhanced gaming experience for gamers.

In addition, Alphabet has added six titles, such as TRANSFORMERS: BATTLEGROUNDS, Wreckfest, Destroy All Humans, The Falconeer: Warrior Edition and Foreclosed to the Stadia Pro service last month.

Additionally, GOOGL introduced a free to play game called Nine to five, which does not require a Pro subscription.

Additionally, Stadia would be featured in the smart TV lines selected by Samsung for 2022. The TVs will support apps for Stadia as part of Samsung’s Gaming Hub.

Stadia has also recently become playable on LG’s WebOS smart TVs. This is another positive point.

Cloud gaming space keeps its promises

We believe that all of the above-mentioned efforts are likely to help the Google unit capitalize on the immense opportunities present in the burgeoning cloud gaming market.

According to a report by Allied Market Research, the global cloud gaming market is expected to reach $ 21.9 billion by 2030, with a CAGR of 57.2% between 2021 and 2030.

Given this optimistic scenario, not only Alphabet but also other companies like NVIDIA NVDA, Microsoft MSFT and Amazon AMZN is making concerted efforts to acquire a strong presence in this promising market.

Recently, NVIDIA announced its next generation cloud gaming platform, offering GeForce RTX 3080 class games on GeForce NOW. Additionally, the addition of hit games from Electronic Arts like Battlefield 1 Revolution, Mirror’s Edge Catalyst, Unravel Two, Dragon Age: Inquisition and Apex Legends to NVDA’s GeForce NOW, remains outstanding.

Like Google Stadia, NVIDIA GeForce NOW will also be showcased in Samsung’s select 2022 smart TV lines.

Another tech giant, Microsoft, wins by combining Project xCloud and Xbox Game Pass. Its decision to expand its cloud games to Xbox Series X and Series S as well as Xbox One consoles remains a major positive.

This expansion is likely to boost Microsoft’s momentum among gamers as they are able to play multiplayer games with just an invite and access Xbox Gen 9 games only like Microsoft Flight Simulator and The way on Xbox One.

Amazon continues to leverage its high performing cloud gaming service called Luna. AMZN recently announced the addition of game titles, namely Devil May Cry 5, Yakuza: Like a Dragon, Adventure Time: Pirates of the Enchiridion, Chorus and Republic of the Horsemen.

The company added more titles, such as Judgment, Myst and Rainbow Six: Extraction.

Nonetheless, Google’s notable cloud gaming efforts are expected to continue to strengthen its competitive edge over the aforementioned companies.

Currently, Google’s Parent Alphabet carries a Zacks Rank # 3 (Hold). You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.

Zacks Top 10 stocks for 2022

In addition to the investment ideas discussed above, would you like to know our top 10 picks for all of 2022?

From its creation in 2012 until November, the Top 10 Zacks stocks gained an impressive + 962.5% versus + 329.4% for the S&P 500. Now our research director combs through the 4,000 companies covered by the Zacks rankings to select the top 10 tickers to buy and hold . Don’t miss your chance to participate in these actions when they release on January 3.

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Barron’s latest picks and pans: Tesla, Exxon Mobil, Advanced Micro Devices, Hertz, etc. https://investingnewswire.club/barrons-latest-picks-and-pans-tesla-exxon-mobil-advanced-micro-devices-hertz-etc/ Sat, 01 Jan 2022 19:45:51 +0000 https://investingnewswire.club/barrons-latest-picks-and-pans-tesla-exxon-mobil-advanced-micro-devices-hertz-etc/ This weekend’s Barron cover story looks back at market records set in 2021 despite uncertainties surrounding a new COVID variant. Other featured articles discuss the outlook for Tesla stock for the coming year and how a major oil company could be tricked into beating earnings estimates. Also, the prospect of a US semiconductor company on […]]]>
  • This weekend’s Barron cover story looks back at market records set in 2021 despite uncertainties surrounding a new COVID variant.
  • Other featured articles discuss the outlook for Tesla stock for the coming year and how a major oil company could be tricked into beating earnings estimates.
  • Also, the prospect of a US semiconductor company on the verge of a takeover and how the rental car industry is benefiting from the current auto shortage.

“2021 is in the record books: a year of memes, crypto and all-time highs” by Connor Smith looks back on the past year, noting that the economic fallout from new coronavirus variants – first Delta and Now Omicron, a rise in inflation, and a wave of memes and cryptocurrency stocks has not been easy for the average investor.

In “Tesla could” considerably “extend its lead over electric vehicles. Deutsche Bank raises its target to $ 1,200, “writes Joe Woelfel of an analyst who raised his target price on shares of Tesla Inc (NASDAQ: TSLA), saying the world’s shift to electric vehicles could help “dramatically extend Tesla’s lead in electric vehicles.”

Ben Levinsohn writes about an update posted by Exxon Mobil Corp (NYSE: XOM) on Factors Affecting Its Fourth Quarter Profits, Suggesting Likely Earnings Exceedance When It Reports Feb. 1 in “Exxon’s SEC Filing Suggests Profits Will Be Better than what Wall Street thinks “.

“Xilinx Shares Slip As AMD Buyout Is Pushed Back To Q1 2022,” By Joe Woefel Examines How Xilinx Inc (NASDAQ: XLNX) stocks react after acquisition by bigger semiconductor rival Advanced Micro-Appliances Inc (NASDAQ: AMD) has been pushed back to the first quarter of 2022.

Rental cars are currently the best travel activity, as car shortages have led to high prices and high prices for used cars, and Hertz Global Holdings Inc (NASDAQ: HTZ) is among the beneficiaries, according to Andrew Bary “Hertz is in great shape for 2022. This is one of Barron’s best stock picks.”

See also: Benzinga bulls and bears from last week: Disney, Ford, Carnival, Robinhood, Tesla, Apple, etc.

Also in this week’s Barron’s:

  • Do you want to retire at 50? Think first.
  • This Mini Berkshire Hathaway flies under the radar. And its stock is cheap.
  • Chinese stocks have had a bad year. What to expect in 2022.
  • Mergers and acquisitions are booming. The hot streak will continue.
  • Home Depot was the best performer of the Dow. The gains are expected to continue.

At the time of this writing, the author has no position on the stocks mentioned.

Keep up to date with all the latest trading news and ideas by following Benzinga on Twitter.


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Tesla could “considerably” extend its lead in electric vehicles. Deutsche Bank raises its target to $ 1,200. https://investingnewswire.club/tesla-could-considerably-extend-its-lead-in-electric-vehicles-deutsche-bank-raises-its-target-to-1200/ Fri, 31 Dec 2021 14:04:00 +0000 https://investingnewswire.club/tesla-could-considerably-extend-its-lead-in-electric-vehicles-deutsche-bank-raises-its-target-to-1200/ Text size (Photo by JOHN THYS / AFP via Getty Images) Deutsche Bank analysts increased their price target on shares of You’re here , claiming that the world’s shift to electric vehicles could help “dramatically extend Tesla’s lead in electric vehicles.” The stock price target was raised to $ 1,200 from $ 1,000. For comparison, […]]]>

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Alcoa Expects Fourth Quarter and Fiscal 2021 Results Release and Conference Call https://investingnewswire.club/alcoa-expects-fourth-quarter-and-fiscal-2021-results-release-and-conference-call/ Wed, 29 Dec 2021 21:10:00 +0000 https://investingnewswire.club/alcoa-expects-fourth-quarter-and-fiscal-2021-results-release-and-conference-call/ PITTSBURGH, December 29, 2021– (BUSINESS WIRE) – Alcoa Corporation expects to report its fourth quarter and full year 2021 financial results on Wednesday, January 19, 2022, after the close of trading on the New York Stock Exchange. The press release containing the financial results and a related presentation will be available in the “Investors” section […]]]>

PITTSBURGH, December 29, 2021– (BUSINESS WIRE) – Alcoa Corporation expects to report its fourth quarter and full year 2021 financial results on Wednesday, January 19, 2022, after the close of trading on the New York Stock Exchange.

The press release containing the financial results and a related presentation will be available in the “Investors” section of Alcoa’s website, www.alcoa.com. A link to the press release will also be on Alcoa’s Twitter account @Alcoa at www.twitter.com/Alcoa.

A conference call to discuss the financial results will begin at 5:00 p.m. EST and will be webcast live on Alcoa’s website.

Conference Call Information

Time

Wednesday January 19, 2022: 5:00 p.m. – 6:00 p.m. EST

Hosts:

Roy Harvey, President and CEO

William Oplinger, Executive Vice President and Chief Financial Officer

To call:

+1 (877) 883-0383 (Domestic)

+1 (412) 902-6506 (International)

Conference number: 8020503

To avoid a delay in the start time, please dial the number from 4:45 p.m.

Webcast:

Go to the “Investors” section of Alcoa’s website to listen only and view the presentation slides.

Review information:

A phone replay will be available around 8 p.m. EST on January 19 through January 26, 2022.
+1 (877) 344-7529 (Domestic)

+1 (412) 317-0088 (International)

Access code to the replay: 9822799

To access the replay using an international call number, please select this link:

https://services.choruscall.com/ccforms/replay.html

The webcast will also be archived in the “Events & Presentations” portion of the “Investors” section of www.alcoa.com at this link: https: /investors.alcoa.com/events-and-presentations/

About Alcoa Corporation

Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina and aluminum products, and is built on solid values ​​and operational excellence dating back 135 years to the groundbreaking discovery that made aluminum an affordable and vital part of modern living. Since the development of the aluminum industry, and throughout our history, our talented Alcoans have continued with revolutionary innovations and best practices that have led to efficiency, safety, sustainability and more communities. strong wherever we operate.

Dissemination of company information

Alcoa intends to make future announcements regarding the company’s developments and financial performance through its website, www.alcoa.com, as well as through press releases, documents filed with the Securities and Exchange Commission, conference calls and webcasts.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211229005001/en/

Contacts

Investor contact:
James Dwyer
412-992-5450
James.Dwyer@alcoa.com

Media contact:
Jim beck
412-315-2909
Jim.Beck@alcoa.com



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Every 38 to 44 seconds, a new Tesla Model Y leaves the Giga Shanghai workshop https://investingnewswire.club/every-38-to-44-seconds-a-new-tesla-model-y-leaves-the-giga-shanghai-workshop/ Mon, 27 Dec 2021 21:41:28 +0000 https://investingnewswire.club/every-38-to-44-seconds-a-new-tesla-model-y-leaves-the-giga-shanghai-workshop/ Drive Tesla Canada reports that drone overflights have shown that a new Tesla Model Y leaves the Giga Shanghai workshop every 38 seconds. The article noted that Tesla‘s sales in China in November reflected an annual production rate of 683,000 cars per year, which is well above Tesla’s own estimate in the third quarter 2021 […]]]>

Drive Tesla Canada reports that drone overflights have shown that a new Tesla Model Y leaves the Giga Shanghai workshop every 38 seconds. The article noted that Tesla‘s sales in China in November reflected an annual production rate of 683,000 cars per year, which is well above Tesla’s own estimate in the third quarter 2021 profit report of 450,000 per year. .

A drone flyby of Giga Shanghai on Christmas Eve also shows how impressive this production rate is. Wu Wa, the drone operator and Tesla China enthusiast, flew his drone over the Model Y workshop and placed it there for ten minutes. During this period, a total of 16 newly completed Tesla Model Y vehicles emerged at or about one every 38 seconds. In another 5 minute period, another 7 Model Ys emerged every 44 seconds or so.

Drive Tesla Canada noted that at 100% utilization this would be between 733,000 and 830,000 Y models per year. However, this is only a moment and it makes sense that Giga Shanghai is not running every second of the day. But, as the article pointed out, it reflects how quickly Tesla can build a car and achieve its goals. Once Giga Berlin and Giga Texas go live, we’ll likely see similar production speeds.

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