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Zacks Equity Research

Stock Market News for Aug 30, 2023

U.S. stocks ended sharply higher on Tuesday, recording their third straight day of gains, as jobs data for July hinted at a cooling labor market while investors once again flocked to buy tech stocks in the closing days of a difficult August for markets.

AAPLNegative Net Change NVDAPositive Net Change TSLAPositive Net Change

Rimmi Singhi

AI Steers the Auto Industry Toward Revolutionary Lanes

Generative AI is revolutionizing the automotive sector in multiple ways, with automakers like GM, F, TM, HMC and MBGAF being committed to creating a new era of smart mobility.

FNegative Net Change TMNegative Net Change HMCNegative Net Change GMNegative Net Change

Zacks Equity Research

NIO Q2 Loss Wider Than Anticipated Amid Weak Deliveries

For the third quarter of 2023, NIO expects deliveries in the band of 55,000-57,000 vehicles, signaling a year-over-year rise of 74-80.3%.

ALSNPositive Net Change OSKPositive Net Change GNTXNegative Net Change NIONegative Net Change

Zacks Equity Research

Zacks.com featured highlights include Corebridge Financial, General Motors, StoneCo and EnerSys

Corebridge Financial, General Motors, StoneCo and EnerSys are part of the Zacks Screen of the Week article.

GMNegative Net Change ENSPositive Net Change STNENegative Net Change CRBGNegative Net Change

Zacks Equity Research

Zacks Investment Ideas feature highlights: Tesla, Li Auto, XPeng, NIO and Mobileye

Tesla, Li Auto, XPeng, NIO and Mobileye are part of the Zacks Investment Ideas article.

TSLAPositive Net Change MBLYNegative Net Change NIONegative Net Change LINegative Net Change XPEVNegative Net Change

Zacks Equity Research

Fisker (FSR) Expands Its Presence in Europe With 3 New Markets

Fisker (FSR) announces launch in three new European markets, Belgium, the Netherlands and Switzerland. Regional deliveries are expected to start at the end of September.

ALSNPositive Net Change OSKPositive Net Change GNTXNegative Net Change

Sumit Singh

Add Value to Your Portfolio With These 4 Low P/CF Stocks

Value investing is essentially about selecting stocks that are cheap but fundamentally sound. Corebridge Financial (CRBG), General Motors (GM), StoneCo (STNE) and EnerSys (ENS) boast low P/CF ratios.

GMNegative Net Change ENSPositive Net Change STNENegative Net Change CRBGNegative Net Change

Rimmi Singhi

Auto Roundup: STLA-AGI Partnership, AAP's Q2 Earnings Miss & More

Stellantis' (STLA) tie-up with AGI is set to empower its 2,600-plus U.S. dealerships to seamlessly transition to EV sales and service. Advance Auto (AAP) lags Q2 earnings estimate and cuts 2023 profit view.

AAPNegative Net Change GMNegative Net Change FUVPositive Net Change VWAGYNegative Net Change STLANegative Net Change

Kinjel Shah

5 Stocks With Attractive Price-to-Book Ratio Worth a Look

The P/B ratio helps to identify low-priced stocks that have high growth prospects. Select Medical Holdings Corporation (SEM), General Motors Company (GM), KB Financial Group (KB), StoneCo Ltd. (STNE) and Corebridge Financial (CRBG) are some such stocks.

GMNegative Net Change SEMNegative Net Change KBPositive Net Change STNENegative Net Change CRBGNegative Net Change

Shaun Pruitt

3 Intriguing Auto Equipment Stocks to Buy Now

These auto equipment stocks all land a Zacks Rank #1 (Strong Buy) mostly attributed to the trend of rising earnings estimate revisions.

ALSNPositive Net Change CVGIPositive Net Change GNTXNegative Net Change AAPNegative Net Change

Derek Lewis

3 Buy-Rated Stocks Suited Nicely for Value Investors

Despite the market's incredible run so far year-to-date, not all stocks have become expensive, with plenty of deals out there. And for those hunting for discounts, these three could be great targets.

URBNNegative Net Change OSKPositive Net Change POSTNegative Net Change

Ethan Feller

Momentum Monday: Opportunities Abound in the Stock Market

Want to start the week ahead of the pack? Check out Momentum Mondays

TJXNegative Net Change ERFPositive Net Change RACENegative Net Change VSTPositive Net Change

Zacks Equity Research

Mobileye (MBLY) to Bring Autonomous Technology to Polestar 4

Mobileye (MBLY) collaborates with Polestar to integrate the formar's Chauffeur platform on Polestar 4.

ALSNPositive Net Change GNTXNegative Net Change MBLYNegative Net Change PSNYNegative Net Change

Zacks Equity Research

XPeng (XPEV) Partners With DiDi to Expand in Smart EV Segment

XPeng (XPEV) plans to accelerate the adoption of Smart EVs and technologies via an alliance with DiDi.

ALSNPositive Net Change GNTXNegative Net Change XPEVNegative Net Change DIDIYPositive Net Change

Zacks Equity Research

Zacks Market Edge Highlights: NVIDIA, Microsoft, Tesla, PayPal and Coinbase Global

NVIDIA, Microsoft, Tesla, PayPal and Coinbase Global are part of the Zacks Market Edge blog.

MSFTPositive Net Change NVDAPositive Net Change TSLAPositive Net Change PYPLNegative Net Change COINNegative Net Change

Zacks Equity Research

Key Takeaways From Arcimoto (FUV) Q2 Results & Business Updates

Arcimoto (FUV) incurs Q2 net loss of around $13.2 million (translating to $1.71 per share), narrower than $17.4 million (or $8.80 per share) recorded in the corresponding period of last year.

ALSNPositive Net Change CVGIPositive Net Change GNTXNegative Net Change FUVPositive Net Change

Zacks Equity Research

Volkswagen (VWAGY) Begins Pre-Orders for ID.7 in Europe

Volkswagen (VWAGY) opens pre-orders for the ID.7 electric sedan, starting at $62,000, in Europe after kicking off production earlier this week.

ALSNPositive Net Change OSKPositive Net Change GNTXNegative Net Change VWAGYNegative Net Change

Zacks Equity Research

Stellantis (STLA), AGI Join Forces to Electrify US Dealerships

The collaboration with AGI is set to empower Stellantis' (STLA) 2,600-plus dealerships in the United States to seamlessly transition to electric vehicle sales and service.

ALSNPositive Net Change CVGIPositive Net Change GNTXNegative Net Change STLANegative Net Change

Supriyo Bose

5 Stocks With High ROE to Buy as Markets Appear Topsy-Turvy

ON Semiconductor (ON), Suzano (SUZ), Ryder (R), Upbound Group (UPBD) and America Movil (AMX) are some of the stocks with high ROE to profit from in a volatile market.

AMXNegative Net Change RPositive Net Change ONNegative Net Change SUZNegative Net Change UPBDNegative Net Change

Zacks Equity Research

New Strong Buy Stocks for August 24th

STLA, HUBB, GLAD, WTS and TCPC have been added to the Zacks Rank #1 (Strong Buy) List on August 24, 2023.

WTSPositive Net Change GLADNegative Net Change TCPCNegative Net Change HUBBPositive Net Change STLANegative Net Change

Zacks Equity Research

General Motors' (GM) Chemical Spill Under Investigation

A chemical spill in General Motors' (GM) Ultium Cells battery plant is under investigation due to a hazardous solvent leak that presents an unreasonable risk to human health.

GMNegative Net Change ALSNPositive Net Change OSKPositive Net Change GNTXNegative Net Change

Zacks Equity Research

Lucid's (LCID) Price Cut Gets Upbeat Response From Customers

Lucid (LCID) is offering special lease and financing deals on the Lucid Air Pure AWD and available Touring and Grand Touring models.

ALSNPositive Net Change OSKPositive Net Change GNTXNegative Net Change LCIDPositive Net Change

Zacks Equity Research

Advance Auto (AAP) Q2 Earnings Miss, Sales Top Estimates

Advance Auto (AAP) estimates 2023 net sales in the band of $11.25-$11.35 billion, up from the previous guided range of $11.2-$11.3 billion.

ORLYNegative Net Change ANNegative Net Change AAPNegative Net Change LADNegative Net Change

Vasundhara Sawalka

5 Stocks Trading Near 52-Week High That Can Climb Further

Investors target stocks that have been on a bullish run lately. Stocks like GPI, CWCO, FLR, AMAT and OSK that are seeing price strength have a high chance of carrying the momentum forward.

FLRPositive Net Change AMATNegative Net Change GPINegative Net Change OSKPositive Net Change CWCONegative Net Change

Nalak Das

5 Stocks With Recent Price Strength Despite Turmoil in August

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are TAST, LYTS, KRT, MOD, PRDO.

TASTPositive Net Change MODPositive Net Change LYTSNegative Net Change PRDONegative Net Change KRTNegative Net Change