Automakers are increasingly piling into EV battery production, but Bernstein thinks these pure-play battery stocks will continue to dominate. “Vertical integration by auto OEMs’ [original equipment manufacturer] upstream into battery production is a risk to pure play battery makers and under increased discussion given some of the investments being made by industry players,” Bernstein’s analysts, led by Neil Beveridge, said …
Morgan Stanley analysts have named their top global stock picks in a choppy market, saying all of them look cheap right now. While Morgan Stanley — like other banks — remains cautious on stocks, given persistently high inflation, slowing global growth and the Ukraine war, it identified several “key overweights” in a note dated May 11. “Let’s keep it simple …
Bernstein has named a raft of global stocks that it says could benefit from the rising strength of the U.S. dollar. Source link
Flag with the Stellantis logo on the front entrance to FCA’s Mirafiori plant on January 18, 2021 in Turin, Italy. Stefano Guidi | Getty Images Auto giant Stellantis will invest about $2.8 billion to overhaul two Ontario factories to build electric and hybrid vehicles, the company said on Monday, the latest installment in its plan to invest a total of …
Amazon’s cloud unit grew 36.5% year over year in the first quarter, a bit faster than analysts projected. But Amazon shares were down about 9% in after-hours trading, as investors focused on the e-commerce giant’s $3.8 billion overall net loss. The cloud business results point to lighter but still brisk demand for computing, storage and database services delivered from faraway …
These buy-rated stocks look to be trading at a sharp discount and could be primed for big returns going forward. Source link
Morgan Stanley has named a raft of "cheap" global stocks to buy, advising investors to stay disciplined on valuations. Source link
Electric Jeep Wrangler Magneto 2.0 concept vehicle Jeep DETROIT — Jeep has redesigned an all-electric concept version of its flagship Wrangler, as the brand pivots from gas guzzlers to zero-emissions EVs. The Jeep Wrangler Magneto 2.0 concept vehicle comes a year after the Stellantis brand unveiled the first version of the all-electric SUV. Concept vehicles are custom products typically built …
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. GameStop — Shares of the video game retailer dropped 6% on huge trading volume. More than 8 million shares traded through 10:50 a.m. ET, …
Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on January 5, 2022 in Las Vegas, Nevada. Alex Wong | Getty Images DETROIT – Automaker Stellantis and LG Energy Solution will invest about $4.1 billion through a joint venture to …
