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Zacks Equity Research

Stock Market News for Aug 15, 2022

Wall Street closed sharply higher on Friday as investors confidence boosted by two major inflation data released last week.

FNegative Net Change TMPositive Net Change GMNegative Net Change TSLAPositive Net Change

Zacks Equity Research

CarLotz (LOTZ) & Shift to Merge, Form E-Commerce Retailer

CarLotz (LOTZ) and Shift Technologies ink deal to form a differentiated omni-channel retailer to bolster profitability. CarLotz will downsize its workforce and the number of hubs.

BWANegative Net Change DOOONegative Net Change

Zacks Equity Research

Rivian (RIVN) Incurs Wider-Than-Expected Q2 Loss, Sales Beat

Amid supply chain snarls and commodity cost inflation, Rivian (RIVN) now forecasts a negative adjusted EBITDA of $5,450 million for 2022, deteriorating from the previous forecast of $4,750 million.

LCIDPositive Net Change RIVNPositive Net Change

Zacks Equity Research

Zacks.com featured highlights include Otter Tail, Ardmore Shipping, Scorpio Tankers and Custom Truck One Source

Tail, Ardmore Shipping, Scorpio Tankers and Custom Truck One Source are part of Zacks Screen of the Week article.

OTTRNegative Net Change ASCPositive Net Change STNGNegative Net Change CTOSNegative Net Change

Sejuti Banerjea

Automakers Ford and GM See Strong Demand, Strong Pricing

Demand remains strong for automakers, with supply constraints preventing inventory buildup and supporting strong pricing.

FNegative Net Change GMNegative Net Change

Zacks Equity Research

Honda (HMC) Q1 Earnings Miss, Sales Beat, Buyback Announced

In a bid to enhance its capital structure, Honda (HMC) intends to buy back shares up to 100 billion yen during the Aug 12, 2022 - Mar 31, 2023 time period.

TMPositive Net Change HMCPositive Net Change

Mark Vickery

Good Economic News Has Its Limits; Rivian (RIVN) Posts Mixed Q2

Consider the good news on the inflation front mostly priced-into the current market.

RIVNPositive Net Change

Zacks Equity Research

Ford (F) Re-Opens F-150 Lightning Orders, Hikes Prices Sharply

Ford (F) restarts the order book for the electric F-150 Lightning as its production capacity matches demand. The new version is pricey due to higher material costs but comes with new features.

FNegative Net Change HOGPositive Net Change GMNegative Net Change TSLAPositive Net Change

Zacks Equity Research

Goodyear (GT) Q2 Earnings & Revenues Beat Estimates, Up Y/Y

Goodyear (GT) sees robust year-over-year growth in its top and bottom lines in Q2. It expects supply chain challenges to persist.

GPCPositive Net Change HOGPositive Net Change GTPositive Net Change TSLAPositive Net Change

Zacks Equity Research

Adient (ADNT) Beats on Q3 Earnings & Sales, Revises FY22 View

Adient (ADNT) reports a profit in the fiscal third quarter against a loss a year ago. Its top line also sees robust growth. The company modifies its guidance for FY2022.

GPCPositive Net Change HOGPositive Net Change TSLAPositive Net Change ADNTNegative Net Change

Zacks Equity Research

Should You Buy Rivian (RIVN) Ahead of Earnings?

Rivian (RIVN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

RIVNPositive Net Change

Zacks Equity Research

Westport (WPRT) Q2 Loss Narrower Than Expected, Revenues Up

Westport (WPRT) incurs a loss in the second quarter that compares unfavorably with the year-ago profit figure. The top line sees a nominal increase.

GPCPositive Net Change HOGPositive Net Change TSLAPositive Net Change WPRTNegative Net Change

Zacks Equity Research

American Axle (AXL) Q2 Earnings & Revenues Beat Estimates

American Axle (AXL) registers a decline in its bottom line while its top line increases year over year. It revises FY'22 view.

GPCPositive Net Change HOGPositive Net Change AXLNegative Net Change TSLAPositive Net Change

Zacks Equity Research

Tesla (TSLA) Stock Split With Stock Dividend to Aid Share Price

Tesla (TSLA) announces a 3-for-1 stock split with a stock dividend effective on Aug 25. It will make the stock accessible to retail investors and might buoy its share price.

GPCPositive Net Change HOGPositive Net Change PCARPositive Net Change TSLAPositive Net Change

Zacks Equity Research

Standard Motor (SMP) Q2 Earnings Miss, Revenues Increase Y/Y

Standard Motor's (SMP) bottom line registers a decline in the second quarter while its top line grows year over year. It announces a quarterly dividend of 27 cents.

GPCPositive Net Change HOGPositive Net Change PCARPositive Net Change SMPNegative Net Change

Zacks Equity Research

Company News for Aug 8, 2022

Companies in The News Are: GT,GTN,IRBT,ESNT

GTPositive Net Change IRBTNegative Net Change GTNNegative Net Change ESNTNegative Net Change

Zacks Equity Research

Toyota (TM) Q1 Earnings Beat, FY23 Revenues View Lifted

Toyota (TM) envisions fiscal 2023 sales to total 34.5 trillion yen, implying an increase from 31.4 trillion yen recorded in fiscal 2022 and higher than the prior view of 33 trillion yen.

FNegative Net Change TMPositive Net Change GMNegative Net Change

Zacks Equity Research

Best Value Stocks to Buy for August 8th

CAR, SATS and SVC made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 8, 2022.

CARPositive Net Change SATSNegative Net Change SVCNegative Net Change

Zacks Equity Research

Carvana (CVNA) Q2 Loss Wider Than Expected, Revenues Miss

Carvana (CVNA) incurs a loss in the second-quarter but the top line rises year over year. Gross profit across the units declines.

GPCPositive Net Change HOGPositive Net Change PCARPositive Net Change CVNANegative Net Change

Zacks Equity Research

Tenneco's (TEN) Q2 Loss Wider Than Expected, Sales Beat

Tenneco (TEN) incurs a loss of 82 cents in the second quarter. Adjusted EBITDA declines year over year across all segments. Its top line sees year-over-year growth.

GPCPositive Net Change HOGPositive Net Change PCARPositive Net Change TENNegative Net Change

Zacks Equity Research

Allison (ALSN) Q2 Earnings & Sales Miss, FY'22 View Modified

Allison (ALSN) registers solid growth in its top and bottom lines in the second quarter. Both of its Off-Highway end markets record an impressive rise in sales.

GPCPositive Net Change HOGPositive Net Change PCARPositive Net Change ALSNNegative Net Change

Zacks Equity Research

Factors Deciding Nikola's (NKLA) Fate This Earnings Season

The Zacks Consensus Estimate for Nikola's (NKLA) Q2 loss is pegged at 27 cents per share on revenues of $16 million.

WKHSNo Net Change RIVNPositive Net Change

Zacks Equity Research

The Zacks Analyst Blog Highlights Tesla, NextEra Energy, Visa, Chevron and Exxon Mobil

Tesla, NextEra Energy, Visa, Chevron and Exxon Mobil are part of The Zacks Analyst Blog.

NEENegative Net Change CVXPositive Net Change VNegative Net Change XOMPositive Net Change TSLAPositive Net Change

Zacks Equity Research

New Strong Sell Stocks for August 3rd

INTC, WMT, and HMC have been added to the Zacks Rank #5 (Strong Sell) List on August 3, 2022.

INTCPositive Net Change WMTNegative Net Change HMCPositive Net Change

Zacks Equity Research

Cummins (CMI) Q2 Earnings & Sales Beat Estimates, Rise Y/Y

Cummins (CMI) registers robust growth in its top and bottom lines in second-quarter 2022. Sales across all segments except the Components unit increase year over year.

GPCPositive Net Change HOGPositive Net Change CMINegative Net Change LCIINegative Net Change