Fly Intel: Top five weekend stock stories » 20:2009/1909/19/21
HMC, F, TM, GM, NSANY, FUJHY, TSLA, RACE, MZDAY, DDAIF, BMWYY, STLA, TTM, GLBL, GILD, PFE, MRK, AVIR, DIS, BHP, RIO, NGLOY, GLNCY, VALE, NKE, AAPL, SNY, WYNN, LVS
Catch up on the…
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, Reuters' David Shepardson reported, citing a government document seen by the publication. The National Highway Traffic Safety Administration on Friday opened an engineering analysis into an estimated 30 million U.S. vehicles from the 2001 through 2019 model years, the author noted, adding that automakers were alerted to the investigation, which is not yet public. The new investigation includes vehicles assembled by Honda Motor (HMC), Ford Motor (F), Toyota Motor (TM), General Motors (GM), Nissan (NSANY), Subaru (FUJHY), Tesla (TSLA), Ferrari NV (RACE), Mazda (MZDAY), Daimler AG (DDAIF), BMW (BMWYY), Chrysler (STLA), Porsche Cars (POAHY), Jaguar Land Rover (TTM) and others. 2. Investment firms Tiedemann Group and Alvarium Investments are close to a deal to merge and go public through a special-purpose acquisition company, The Wall Street Journal's Amrith Ramkumar reported, citing people familiar with the matter. The combined investment firm would be called Alvarium Tiedemann Holdings and be valued at roughly $1.4 billion in the deal with the SPAC Cartesian Growth Corp. (GLBL), the people said. The merger could be announced as soon as this week, the author noted. 3. In the earliest days of COVID-19 pandemic, investor and drug developers looked to antivirals to blunt the impact of the disease but didn't have much luck, with the only antiviral authorized by the Food and Drug Administration to date being Gilead's (GILD) Veklury, also known as remdesivir, Josh Nathan-Kazis wrote in this week's edition of Barron's. But the next generation of COVID-19 antivirals are now on the way, and a pill to treat - or even prevent - COVID-19 could be available by the end of the year. Merck (MRK), Pfizer (PFE), and the biotech Atea Pharmaceuticals (AVIR) each expect late-stage data on an oral COVID-19 antiviral in the coming months. If the data are positive, the drugs provide a major opportunity for the companies-one that investors should not ignore, the author noted. 4. Disney's (DIS) "Shang-Chi and the Legend of the Ten Rings" remained atop the box office charts in its third weekend, earning an estimated $21.7M from 4,070 theaters for a total North American ticket sales of $176.9M. The superhero movie sports an A Cinemascore and unlike fellow Marvel Studios pic "Black Widow," "Shang-Chi" has an exclusive 45-day theatrical release. 5. Apple (AAPL), Sanofi (SNY), BHP Group (BHP), Rio Tinto (RIO), Anglo American (NGLOY), Glencore (GLNCY), Vale (VALE), Wynn Resorts (WYNN) and Las Vegas Sands (LVS) saw positive mentions in this week's edition of Barron's, while Nike (NKE) was mentioned cautiously.
U.S. opens probe into 30M vehicles over air bag inflators, Reuters says » 20:1109/1909/19/21
TM, GM, NSANY, HMC, F, FUJHY, TSLA, RACE, MZDAY, DDAIF, BMWYY, STLA, POAHY, TTM
U.S. auto safety…
U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, Reuters' David Shepardson reports, citing a government document seen by the publication. The National Highway Traffic Safety Administration on Friday opened an engineering analysis into an estimated 30 million U.S. vehicles from the 2001 through 2019 model years, the author notes, adding that automakers were alerted to the investigation, which is not yet public. The new investigation includes vehicles assembled by Honda Motor (HMC), Ford Motor (F), Toyota Motor (TM), General Motors (GM), Nissan (NSANY), Subaru (FUJHY), Tesla (TSLA), Ferrari NV (RACE), Mazda (MZDAY), Daimler AG (DDAIF), BMW (BMWYY) Chrysler (STLA), Porsche Cars (POAHY), Jaguar Land Rover (TTM) and others. Reference Link
BMW price target lowered to EUR 88 from EUR 95 at JPMorgan » 13:2909/1709/17/21
JPMorgan analyst Jose…
JPMorgan analyst Jose Asumendi lowered the firm's price target on BMW to EUR 88 from EUR 95 and keeps a Neutral rating on the shares.
Lucid says Air Dream Edition R longest-range EV ever rated by EPA at 520 miles » 10:0409/1609/16/21
LCID, TSLA, BMWYY
Lucid Group (LCID)…
Lucid Group (LCID) earlier announced that the Lucid Air Dream Edition Range has received an official EPA rating of 520 miles of range. "It is the longest-range electric vehicle ever rated by the EPA - delivering at least 100+ miles of additional range over its closest competitor," the company stated. Several other versions of Lucid Air have also received their official EPA range ratings, including the Dream Edition Performance and Grand Touring versions on both 19" and 21" wheels. "Taken as a whole, these Lucid Air models now occupy the top six positions for overall EPA range ratings among all EVs, as well as the highest MPGe ratings in the Large vehicle class," the company said. Lucid is set to compete in the high-end electric vehicle segment with companies that include Tesla (TSLA) and BMW (BMWYY).
BMW named short-term investment idea at Deutsche Bank » 08:0809/1509/15/21
Deutsche Bank analyst Tim…
Deutsche Bank analyst Tim Rokossa placed a "Catalyst Call: Buy" on shares of BMW as a short-term investment idea. The analyst keeps a Buy rating on the stock with an EUR 115 price target. BMW's comments on the second half of 2021 "are rather positive compared to peers," Rokossa tells investors in a research note. However, this is not reflected in the share price as Daimler and VW have outperformed BMW, says the analyst. BMW is "just too cheap" for a company that consistently generates positive free cash flow, including in crisis years, along with "decent" margins, says Rokossa.
|Over a week ago|
Research Frontiers announces uses for SPD-SmartGlass Technology » 08:0509/0809/08/21
REFR, LPL, BMWYY
SPD-SmartGlass technology is already well known and reliably used for years in the sunroofs of tens of thousands of cars to make them more energy efficient, safer and comfortable. Two brand new uses for SPD-SmartGlass technology made their debut this week at the International Motor Show 2021 being held in Munich, Germany from September 7-12, 2021. BMW (BMWYY) has created a new visionary headlight design for its BMWi Vision Circular Showcar. This vehicle utilizes SPD-Smart light-control film invented by Research Frontiers and manufactured by Gauzy that is laminated into automotive thin glazed curved glass. The all-electric car features dynamic shading headlights that support a futuristic exterior. As the car starts, the SPD glass switches from dark to transparent, revealing headlights that illuminate surroundings. SPD-based headlights open new design possibilities that support cutting edge designs executed by BMW with sporty elegance and precision. The first of its kind, the BMWi Vision Circular Showcar has reimagined headlight design with dynamic headlights. Light is controlled instantly transforming the exterior of the vehicle from a uniform and sleek black panel design with hidden headlights to a dynamic machine as the car starts and light is revealed. Also for the first time ever displayed at an automotive show, LG Display (LPL) showcased its latest state-of-the-art Transparent OLED technology. Through its first collaboration with Gauzy at IAA 2021, LG Display will let visitors experience the many entertainment and informative experiences Transparent OLED panels can bring public transportation services when replacing their vehicle windows. LG Display's Transparent OLED screens laminated with Gauzy's SPD smart glass technology enables even higher contrast ratios, thereby making Transparent OLED displays even more adaptable to bright environments and shifting light conditions.
Universal Technical, BMW partner to add new program for service members » 08:0309/0709/07/21
Universal Technical Institute (UTI) and BMW of North America (BMWYY) are partnering to add a program for service members at the U.S. Army's Fort Bragg, N.C. base. The BMW MSTEP, or Military Service Technician Education Program, provides training for new career opportunities for service members transitioning from military service back into civilian life. The BMW MSTEP program was first launched at Marine Corps Base Camp Pendleton in Southern California in 2018. The 16-week BMW technical education program features a specialized on-base curriculum and hands-on technical training on diagnostics and technologies unique to the BMW brand. Upon graduation, BMW assists the new technicians with employment at authorized U.S. dealers. There are currently more than 7,000 BMW technicians across the network, and more are needed every year, especially those trained by the company itself.
Volkswagen CEO says electric transition 'impossible' to accelerate, FT reports » 06:3209/0709/07/21
VWAGY, DDAIF, BMWYY
Volkswagen (VWAGY) Chief…
Volkswagen (VWAGY) Chief Executive Herbert Diess has warned that the company's transition to electric vehicles would be "impossible" to accelerate after coming under fire from green activists, Joe Miller of The Financial Times reports. Volkswagen, along with Daimler (DDAIF) and BMW (BMWYY), currently faces the threat of legal action by Greenpeace and Umwelthilfe if it fails to commit to a more ambitious phaseout of combustion engine vehicles. CEO Diess has rejected claims of the carmaker moving slow with its carbon reduction plans. The company has spent EUR 35B on developing electric cars, but environmental campaigners demand the company to do more. Reference Link
Fly Intel: Top five weekend stock stories » 20:0009/0609/06/21
RYAAY, BA, EADSY, BMWYY, DDAIF, MRNA, BNTX, XLRN, NVTA, SRPT, CMPS, ALVR, DIS, TMHC, BDRFY
Catch up on the…
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Ryanair (RYAAY), Boeing's (BA) biggest customer outside of the U.S., said it is walking away from talks with the U.S. jet maker over a potential new order for the 737 MAX in a dispute over pricing, The Wall Street Journal's Benjamin Katz reported. Boeing has pushed to catch up with rival Airbus (EADSY) on jet orders from airlines and lessors, after falling far behind in the crucial single-aisle category, the author noted. The 737 MAX competes with Airbus's A320 in that market, and Airbus capitalized on the MAX's nearly two-year grounding to boost its market share. 2. BMW (BMWYY) expects supply chains to remain tight well into 2022, Chief Executive Oliver Zipse said on Monday, squashing hopes that a painful shortage of crucial semiconductors will end soon, according to Reuters. "I expect that the general tightness of the supply chains will continue in the next 6 to 12 months," he said at the IAA Munich car show. Meanwhile, Daimler's (DDAIF) CEO also said that soaring demand for semiconductor chips means the auto industry could struggle to source enough of them throughout next year and into 2023, though the shortage should be less severe by then, Reuters' Ilona Wissenbach and Nick Carey reported. "Several chip suppliers have been referring to structural problems with demand," Ola Kallenius told reporters during a roundtable event ahead of the Munich IAA car show. "This could influence 2022 and (the situation) may be more relaxed in 2023." 3. The market is littered with biotech stocks whose prices have fallen by more than half since the start of the year, with Moderna (MRNA) and BioNTech (BNTX) the exception in the sector, Josh Nathan-Kazis wrote in this week's edition of Barron's. There have been renewed signs in recent weeks, however, of substantial value hiding among the biotech dross, the author notes. Acceleron Pharma (XLRN), Invitae (NVTA), Sarepta Therapeutics (SRPT), Compass Pathways (CMPS) and AlloVir (ALVR) are among favorites in the depressed sector, the publication added. 4. Disney's (DIS) "Shang-Chi and the Legend of the Ten Rings" smashed the record for Labor Day openings with a four-day total of $90M. This is also the second-biggest three-day debut of the pandemic to date, behind another Marvel Studios' title: "Black Widow." "Shang-Chi" earned $75.5M for the three days and will have an exclusive 45-day theatrical release. 5. Taylor Morrison (TMHC) and Beiersdorf (BDRFY) saw positive mentions in this week's edition of Barron's.
BMW CEO expects chip supply to remain tight another 6-12 months, Reuters says » 16:5209/0609/06/21
BMW expects supply chains…
BMW expects supply chains to remain tight well into 2022, Chief Executive Oliver Zipse said on Monday, squashing hopes that a painful shortage of crucial semiconductors will end soon, according to Reuters. "I expect that the general tightness of the supply chains will continue in the next 6 to 12 months," he said at the IAA Munich car show. Reference Link