2:30 a.m. Today2:30 a.m. July 9, 2020
Mutual Funds Just Had Their Best Six Months In Years. Most Still Lagged the Market.
The average return of large-cap mutual funds in the first six months of 2020 was a 1.6% loss, versus a loss of less than half a percentage point for the Russell 1000 index.
1:03 a.m. Today1:03 a.m. July 9, 2020
- By Autotrader
Why this is a great time to buy a pickup truck A new Ford F150 arrives during a Golden Age of pickupsWith so many good choices and price incentives, this may be a golden age for pickups.
1:03 a.m. July 7, 2020
- By Matthew Degen
Ford’s new Escape PHEV gets an eye-popping 100 MPGe Its one formidable competitor, the plug-in Toyota RAV4, goes on sale this summerThanks to its larger battery pack, the Ford Escape Plug-in Hybrid leads its class for fuel efficiency.
7:13 a.m. July 4, 2020
- By Jon Swartz
Here are the major brands that have pulled ads from Facebook From Adidas to Verizon, more big names are joining ad boycottSince an advertising boycott of Facebook Inc. was organized in mid-June, a veritable Who’s Who of major brands have either added their names to the #StopHateForProfit campaign or otherwise pulled their ads.
7:00 a.m. July 4, 2020
- By Jon Swartz
The Facebook ad boycott could pay off for companies more than advertising on Facebook Companies that already planned to pull back on marketing spending due to COVID-19 join boycott, which experts say is ‘a low-risk statement that results in positive publicity and marketing’Boycotting Facebook Inc. may be more cost-effective in elevating brand names and appealing to socially-conscious consumers for advertisers who were already looking to shave millions in ad spending, experts told MarketWatch amid a high-profile protest of the social-media platform.
8:45 a.m. July 2, 2020
Tesla’s Deliveries Were a ‘Home Run.’ Here’s What Wall Street Is Saying.
The electric-vehicle pioneer not only continues to defy bearish projections about its performance, it is doing better than the most enthusiastic analysts had predicted.
Ford stock price target raised to $6.70 from $4.30 at UBS
6:33 a.m. July 1, 2020
2:12 a.m. July 1, 2020
- By Ciara Linnane
Coronavirus update: Pandemic is ‘not even close to being over,’ says WHO head, urging better testing — and face masks Micron Technology has a better-than-expected quarter thanks to a boom in demand for cloud computing during the pandemicThe coronavirus pandemic is “not even close to being over,” according to the head of the World Health Organization, and the worst is still to come, in what was a grim assessment of the state of affairs some six months after the first cases were reported in China.
9:32 a.m. June 30, 2020
EV Maker Workhorse Soars After Scoring a $70 Million Investment
While the market is enthusiastic about electric-vehicle makers, it is a competitive space, and a single large investor provides a vote of confidence for the firm.
3:39 a.m. June 30, 2020
- By Tomi Kilgore
Moody's has downgraded $130 billion worth of automakers' debt as a result of COVID-19-induced downturnMoody's Investors Service said Tuesday it has downgraded $130 billion worth of debt owed by automakers as a result of the coronavirus-induced economic downturn, which the credit rating agency expects will hurt auto demand through 2022. Moody's said, however, that the companies that were downgraded were "weakly positioned" and had challenges before the coronavirus outbreak. And overall, Moody's said the auto industry is "much better prepared" for the current downturn than it was for the 2008 to 2009 recession, and have much better liquidity. "The automakers whose ratings were recently downgraded already faced major operational or competitive challenges and the recession likely will exacerbate these existing weaknesses," said Moody's analyst Bruce Clark. "Nevertheless, the auto industry as a whole is much better prepared for this downturn than it was for the last one, with ample liquidity, more manageable cost structures, more efficient automotive supply chains and a focus on earning returns on capital." Among U.S. automakers, Moody's rates General Motors Co.'s senior unsecured notes at Baa3, the lowest investment grade rating, with a negative outlook, and Ford Motor Co.'s senior unsecured debt is rated Ba2, or two notches into "junk" territory, with a negative outlook.
7:59 a.m. June 29, 2020
The Fed Is Buying More Auto Makers’ Bonds Than Expected
The purchases suggest that the central bank’s geographical requirements may not be as strict as some thought.
7:10 a.m. June 28, 2020
The Auto Industry Is Still Chasing Tesla
Mercedes’ partnership with graphic chip giant Nvidia is just another sign that car companies are still trying to adjust to the world Tesla created.
5:28 p.m. June 26, 2020
Barron’s Top CEOs 2020: Satya Nadella
The CEO of Microsoft went all-in on cloud services--and the pandemic has only increased demand.
8:43 a.m. June 26, 2020
Ford Launched a New F-150, but Lordstown’s EV Pickup Got the Love. Here’s Why.
Strangely, the launch of an electric-vehicle pickup from a company with no sales trumped the latest launch of Ford’s bestselling vehicle in America. Growth is the reason.
8:05 a.m. June 26, 2020
Nikola Has No Sales or Earnings. How to Value the Stock.
The maker of electric and fuel-cell powered trucks has a higher market capitalization than Ford, but only two Wall Street analyst cover the company.
1:04 a.m. June 26, 2020
- By Brian Moody
These are your best bets for used hybrids under $10k Get the most miles out of every drop of gasA hybrid is a great way to save money. You should be able to get these models for less than $10,000.
4:31 p.m. June 25, 2020
- Associated Press
Ford rolls out revamped F-150, but most changes are in the interior Minimal exterior changes to best-selling pickupOn the outside, the truck changes little, and the internal combustion engines and transmissions remain the same. The biggest differences are a gas-electric hybrid version, internet connectivity, and a revamped interior that turns the truck into more of a rolling office or even a place to nap.
11:29 a.m. June 25, 2020
The 4-Motor Endurance Electric Truck Is Here. This Stock Can Benefit.
Investors can own a piece of the new, privately held Lordstown Motors—the company that unveiled the pickup on Thursday. Workhorse, a small-capitalization maker of its own electric vehicles, owns a 10% stake.
3:38 a.m. June 25, 2020
Another Electric Pickup Truck Is Coming. What You Need to Know.
Privately held Lordstown Motors has entered the fray, unveiling its all-electric pickup truck, Endurance. Servpro, a fire-and-water-damage restoration company, has committed to ordering 1,200 trucks.
7:43 a.m. June 24, 2020
GM’s Electric-Vehicle Business Could Be Worth $100 Billion, Says Morgan Stanley
Analyst Adam Jonas treats General Motors’ EV business the way the market treats Tesla. The results are surprising.
4:52 a.m. June 24, 2020
EV Stocks Are on Fire. Wall Street Can’t Keep Up.
Goldman Sachs downgraded shares of Chinese electric-vehicle maker NIO from Buy to the equivalent of Hold just 21 days after recommending the shares.
10:12 a.m. June 23, 2020
Tesla Debuts on ‘Most American’ Car Makers Index
Tesla joined the list of Cars.com’s American Made Index, occupying three of the top 10 slots. Honda Motor, General Motors, Ford Motor, and Fiat Chrysler Automobiles round out the list.
3:50 a.m. June 23, 2020
- By Rachel Koning Beals
Michigan-assembled Ford Ranger named ‘most American-made car’ in annual list that includes Tesla for first time Cars.com reports 70% of shoppers consider a car’s U.S. economic impact a deciding factor and COVID-19 boosted that sentimentThe Michigan-built Ford Ranger pickup truck, resurrected for the U.S. market in 2019, ranks No. 1 among the most-American-made vehicles, a 15-year-old list for which high-ranking Tesla, which assembles its electric cars in Fremont, Calif., participated for the first time.
7:53 a.m. June 20, 2020
- By Mark DeCambre
A portfolio of stocks being bought by mom-and-pop investors is trouncing Wall Street pros — here’s what they’re buyingIt’s no secret that retail investors have been increasing but the degree to which they have outperformed professional investors is coming into greater focus lately.
1:13 p.m. June 19, 2020
Taking Winnebago Options for a Ride as Earnings Near
Winnebago is up more than 300% since mid-March. It reports earnings on June 24. Aggressive investors can consider a “bull spread” that pays off if the stock surges on earnings.
10:01 a.m. June 19, 2020
Used Car Prices Hit a Record. ‘What Planet’ Are We On?
Used car prices hit a record recently, in what can be described as a surprising development amid a pandemic and falling new car sales. It’s good news for all automotive stocks.
12:11 p.m. June 18, 2020
- By Joy Wiltermuth
Why the Fed’s new index approach to buying U.S. corporate debt ‘changes everything’ U.S. investment-grade corporations have sold more than $50 billion of bonds this week aloneThe pace of corporate borrowing sped up again this week after the Federal Reserve unveiled changes to its $750 billion emergency corporate lending facility on Monday to make it easier for credit to flow to a broad-base of companies during the coronavirus pandemic.
10:52 a.m. June 18, 2020
These 15 Companies Could Benefit Most from the Fed’s New Bond-Buying Plan
The Federal Reserve is creating an index of bonds that meet standards laid out earlier, and will use it as a blueprint for a portion of its debt purchases.
12:36 p.m. June 17, 2020
Nikola Stock Got Its First Rating From Wall Street. It’s a Buy.
Cowen analyst Jeffrey Osborne launched coverage of the fuel cell and electric heavy duty trucking pioneer.
5:26 a.m. June 16, 2020
Nikola Stock Has Quickly Become a Short-Selling Magnet
The recent trading action in the stock of the fuel cell startup is a warning on just how heated the bull vs. bear debate has gotten in such a short time.
9:26 a.m. June 15, 2020
- By Claudia Assis
Bankrupt Hertz files to sell shares that could be ‘worthless’ Hertz shares tank 20% as bankrupt company prepares share offeringThe word ‘worthless’ appears five times in Hertz Global Holdings Inc.’s plan to sell up to $500 million in stock, and the SEC filing, studded with other dire warnings, is also notable for what it didn’t have: Any details about a reorganization plan.
6:21 a.m. June 15, 2020
Startup Nikola Tries to Generate Buzz for Its Pickup Truck
Nikola founder and Chairman Trevor Milton said in a tweet his company would give away a $60,000-plus truck. The announcement shows Nikola is moving faster than expected on its light-truck strategy.
2:43 a.m. June 15, 2020
- By Jon Swartz
Some tech workers are slowly trickling back to the office nowSlowly, Americans are migrating back to a very different world — offices designed to accommodate social distancing, staggered schedules, temperature checks, daily deep cleanings, contact tracing and potential testing.
5:29 a.m. June 13, 2020
- By Michael Brush
Warren Buffett made a smart move by buying more shares of Liberty Sirius XM — here’s why you might want to do the same Buffett and his team made a mistake by selling airlines recently, but they haven’t lost their touchBuffett and his team made a mistake by selling airlines recently, but they haven’t lost their touch.
5:08 a.m. June 13, 2020
- By Andrea Riquier
Here are the biggest stock-market bets among institutional and retail investors, ranked Only one stock makes both lists: MicrosoftWhat it all means is a little harder to figure out...
2:12 p.m. June 12, 2020
Why IPOs Are Soaring Once Again
Recent IPOs have proved to be great place for investors to hide out during the crisis
2:30 a.m. June 12, 2020
A Tesla Fan Talks Down Nikola’s Highflying Stock
Former Wall Street analyst and Tesla bull Gary Black is warning investors not to get too excited about new environmentally friendly transportation provider Nikola.
6:07 a.m. June 11, 2020
A Nikola Tweet About Its Pickup Truck Is Noteworthy
Nikola founder Trevor Milton tweeted about the company’s coming electric light-truck offering, called Badger, late Wednesday night. The tweet could signal more good news is coming for the highflying startup.
6:12 a.m. June 10, 2020
Nikola Founder Talks About the Future of Trucking
Trevor Milton, the founder of electric- and fuel-cell truck pioneer Nikola, is passionate about his vision to disrupt and transform heavy-duty trucking.
5:03 a.m. June 10, 2020
Tesla Rival Nikola Draws the Attention of a Short Seller
Citron Research’s Andrew Left predicted shares in the highflying trucking startup will fall 50% over the next month.