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GM

General Motors

$41.09

-0.76 (-1.82%)

, TSLA

Tesla

$335.49

1.425 (0.43%)

17:11
02/16/18
02/16
17:11
02/16/18
17:11

Chevy Bolt sales bolstered by Tesla delays, tax credit worries, Reuters says

Certain potential buyers of Tesla's (TSLA) long-delayed Model 3 vehicle are concerned that they will miss out on large federal tax breaks and are seeking alternatives, including GM's (GM) Chevrolet Bolt, Reuters reports, citing postings by potential Tesla buyers on websites and interviews with GM dealers. A week ago, Tesla informed some holders of Model 3 reservations that they would not receive their cars until 2019, the report notes. GM dealers in California say that strong demand for Chevy Bolts is driven partially by frustrated Tesla buyers who fear losing a $7,500 electric vehicle tax credit if they wait for the Model 3, the report says. Reference Link

GM

General Motors

$41.09

-0.76 (-1.82%)

TSLA

Tesla

$335.49

1.425 (0.43%)

  • 26

    Feb

GM General Motors
$41.09

-0.76 (-1.82%)

12/19/17
12/19/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Outperform from Sector Perform at RBC Capital with analyst Joseph Spak citing "increased confidence on downturn resiliency" in 2018, noting that while he anticipates a decline in fullsize pickup truck sales, he does not see "GMNA profitability to be down as much as previously forecast". 2. Walmart (WMT) upgraded to Buy from Neutral at Citi with analyst Kate McShane saying the stock has "more room to run" in 2018. 3. Ulta Beauty (ULTA) upgraded to Buy from Neutral at Buckingham with the firm saying they recommend adding to positions given "extremely" attractive valuation and better flow through profitability that will deliver 20%+ earnings growth over the next two years or more. 4. Cabot (CBT) upgraded to Buy from Hold at SunTrust with analyst James Sheehan saying the improving global supply/demand fundamentals, along with tighter emissions controls in China, warrant the rating change. 5. Altria Group (MO) upgraded to Buy from Hold at Berenberg with analyst Jonathan Leinster saying he assumes that the company's headline tax rate will decline from historical levels of 35-36% to 21-22% due to the Republicans' proposed U.S. corporate tax changes. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/28/17
MSCO
12/28/17
NO CHANGE
MSCO
January to be busy for Autos and Shared Mobility names, says Morgan Stanley
Morgan Stanley analyst Adam Jonas previewed the January calendar for the Autos and Shared Mobility sector, noting that the Vegas CES takes place in the second week and the Detroit Auto Show occurs in the third week of next month. Judging from last year's shows and press releases in recent weeks, he expects "the vast majority" of prepared presentations will focus on autonomous driving, electric propulsion and new business models as companies seek to encourage recognition and valuation of "Auto 2.0 efforts" in the multiples of their stocks, he tells investors. Automakers covered by the firm include Fiat Chrysler (FCAU), Tesla (TSLA), General Motors (GM), Ferrari (RACE) and Ford (F). Auto suppliers covered include Magna (MGA), Goodyear Tire (GT), Adient (ADNT), Delphi Technologies (DLPH), Visteon (VC), BorgWarner (BWA), Aptiv (APTV) and Tenneco (TEN).
01/08/18
MSCO
01/08/18
NO CHANGE
MSCO
Equal Weight
Morgan Stanley says Cadillac, worth $13B to GM, can't be ignored for long
General Motors does not disclose profitability by brand, but Morgan Stanley analyst Adam Jonas believes Cadillac is probably larger and more profitable than recognized by most investors, he stated in a new note. The analyst, who values Cadillac at about $13B, or roughly $9 per GM share, believes this value cannot be ignored for long and he sees room for GM's current efforts to improve financial and strategic transparency for the brand to gain momentum. Jonas keeps an Equal Weight rating on GM shares.
02/12/18
SBSH
02/12/18
NO CHANGE
Target $70
SBSH
Buy
General Motors price target raised to $70 from $60 at Citi
Citi analyst Itay Michaeli raised his price target for General Motors to $70 from $60 citing greater confidence in his long-term potential upside case of $134 per share. The carmaker closed Friday up 70c to $41.46. The analyst views his new price target as "arguably conservative." The $70 per share target does not contemplate the "potential game-changing implications" of GM's leadership in autonomous vehicles as a Network, or robotaxis, Michaeli tells investors in a research note. The analyst believes GM's exposure to pickup trucks and robotaxi networks are "overlooked/misunderstood narratives." He keeps a Buy rating on the shares.
TSLA Tesla
$335.49

1.425 (0.43%)

02/08/18
UBSW
02/08/18
NO CHANGE
Target $195
UBSW
Sell
UBS remains cautious on Tesla cash burn and Model 3 ramp
UBS analyst Colin Langan said he remains cautious on Tesla following its Q4 results. He noted the quarterly beat was due to several one-time items, including ZEV credits and one-time working capital benefits. He said he remains cautious on the company's cash burn rate and Model 3 production ramp. Langan reiterated his Sell rating and $195 price target on Tesla shares.
02/08/18
COWN
02/08/18
NO CHANGE
Target $200
COWN
Underperform
Tesla production challenges remain, says Cowen
Cowen analyst Jeffrey Osborne noted Tesla's overall Q4 results were better than expected, but benefited from several one-time items, particularly ZEV credits, which were significantly higher than consensus estimates. He said production targets remain too aggressive and pointed out that Model 3 deposits were flat quarter-over-quarter. Osborne reiterated his Underperform rating, though he raised his price target to $200 from $180 on Tesla shares.
02/08/18
DBAB
02/08/18
NO CHANGE
Target $365
DBAB
Tesla price target raised to $365 from $310 at Deutsche Bank
Deutsche Bank analyst Rod Lache raised his price target for Tesla to $365 saying the company's cash burn subsided in Q4. One of the more noteworthy financial developments this quarter was that Tesla ended Q4 with $3.4 B in cash, down just slightly from the $3.5B in Q3, Lache tells investors in a post-earnings research note. The analyst believes that if Tesla's targets are reached, which he's not reflecting in his estimates, the company can achieve $28 per share in earnings by 2020. He sees execution risk, however, and keeps a Hold rating on Tesla.
02/08/18
MSCO
02/08/18
NO CHANGE
Target $379
MSCO
Equal Weight
Tesla expectations potentially peaking, says Morgan Stanley
Morgan Stanley analyst Adam Jonas noted that Tesla's cash consumption in Q4 was better than both he and the market expected, though its automotive gross margin excluding ZEV credits was weaker than expected and its FY18 Model S and X volume guidance was "well below" his forecast. Jonas still thinks Tesla is fairly valued, with high risk and potentially peaking expectations, and he keeps an Equal Weight rating and $379 price target on the stock following the company's earnings report.

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BV

BrightView

$21.95

0.14 (0.64%)

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Halliburton

$45.23

0.26 (0.58%)

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BSX

Boston Scientific

$33.77

0.06 (0.18%)

, SYK

Stryker

$174.33

1.44 (0.83%)

09:26
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Recommendations
Boston Scientific, Stryker analyst commentary  »

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BSX

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$33.77

0.06 (0.18%)

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Stryker

$174.33

1.44 (0.83%)

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HAS

Hasbro

$94.02

0.38 (0.41%)

09:26
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BV

BrightView

$21.95

0.14 (0.64%)

09:23
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07/23
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VLKAY

Volkswagen

$0.00

(0.00%)

, AUDVF

Audi AG

$0.00

(0.00%)

09:22
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07/23
09:22
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09:22
Periodicals
VW board member wary of 'humiliating' Audi's Stadler, FT reports »

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VLKAY

Volkswagen

$0.00

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AUDVF

Audi AG

$0.00

(0.00%)

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BSX

Boston Scientific

$33.77

0.06 (0.18%)

09:21
07/23/18
07/23
09:21
07/23/18
09:21
Recommendations
Boston Scientific analyst commentary  »

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HAL

Halliburton

$45.23

0.26 (0.58%)

09:21
07/23/18
07/23
09:21
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09:21
Earnings
Halliburton says sees Q3 earnings 'similar' to Q2 »

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  • 23

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09:20
07/23/18
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09:20
General news
U.S. Sentiment Strength Extends into July: »

U.S. Sentiment Strength…

MU

Micron

$55.01

-1.2 (-2.13%)

, QCOM

Qualcomm

$58.62

-0.7 (-1.18%)

09:19
07/23/18
07/23
09:19
07/23/18
09:19
Recommendations
Micron, Qualcomm, AMD, Intel, Nvidia, Microchip, Texas Instruments, Marvell, Analog Devices, Cypress Semiconductor analyst commentary  »

Tariff uncertainty a…

MU

Micron

$55.01

-1.2 (-2.13%)

QCOM

Qualcomm

$58.62

-0.7 (-1.18%)

AMD

AMD

$16.49

-0.22 (-1.32%)

INTC

Intel

$51.92

-0.09 (-0.17%)

NVDA

Nvidia

$250.87

-1.15 (-0.46%)

MCHP

Microchip

$94.39

-0.46 (-0.48%)

TXN

Texas Instruments

$114.99

0.34 (0.30%)

MRVL

Marvell

$21.85

0.14 (0.64%)

ADI

Analog Devices

$97.81

-0.46 (-0.47%)

CY

Cypress Semiconductor

$17.06

-0.09 (-0.52%)

03/08/13
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HAL

Halliburton

$45.23

0.26 (0.58%)

09:18
07/23/18
07/23
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09:18
Hot Stocks
Breaking Hot Stocks news story on Halliburton »

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  • 23

    Jul

HAL

Halliburton

$45.23

0.26 (0.58%)

09:18
07/23/18
07/23
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Hot Stocks
Breaking Hot Stocks news story on Halliburton »

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  • 23

    Jul

SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
07/23/18
07/23
09:18
07/23/18
09:18
Options
Overnight activity included 89 trades in SPX and 3 trades in VIX »

89 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

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HAL

Halliburton

$45.23

0.26 (0.58%)

09:17
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Halliburton says expects international markets to improve in coming quarters »

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  • 23

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MSFT

Microsoft

$106.29

1.59 (1.52%)

09:16
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Conference/Events
Microsoft to hold a summit »

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$45.23

0.26 (0.58%)

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  • 23

    Jul

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

09:13
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General news
Trump is 'very happy,' says 'Japan is happy, all of Asia is happy' »

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S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

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ADMP

Adamis Pharmaceuticals

$3.80

0.125 (3.40%)

09:11
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Adamis Pharmaceuticals adds sublingual ED product candidate to pipeline »

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LINK

Interlink Electronics

$4.25

0.5 (13.33%)

09:10
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Interlink Electronics announces $880,000 in orders from medical customer »

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SSC

Seven Stars Cloud Group

$2.36

0.07 (3.06%)

09:09
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SSC enters into exclusive agreement with China Venture Capital Institute »

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BMY

Bristol-Myers

$56.71

0.17 (0.30%)

09:09
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CMTL

Comtech

$33.89

-0.17 (-0.50%)

09:08
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Comtech awarded over $12.5M in orders from U.S. Army »

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HON

Honeywell

$153.17

5.6 (3.79%)

, ALGT

Allegiant Travel

$144.25

0.6 (0.42%)

09:07
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07/23
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Hot Stocks
Honeywell selected by Allegiant Air to provide maintenance services »

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HON

Honeywell

$153.17

5.6 (3.79%)

ALGT

Allegiant Travel

$144.25

0.6 (0.42%)

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  • 25

    Jul

UXIN

Uxin

$7.57

0.03 (0.40%)

09:07
07/23/18
07/23
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Uxin initiated  »

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WLKR

Walker Innovation

$0.00

(0.00%)

09:06
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07/23
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09:06
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Walker Innovation to hold meeting for investor approval to liquidate on Sept. 5 »

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