Justice Department Won't Challenge T-Mobile Deal for US Cellular
'After a thorough investigation, the Antitrust Division determined prudentially not to seek an injunction to prevent T-Mobile from closing on its proposed acquisition of US Cellular,' DOJ antitrust head Gail Slater said in a statement Thursday.
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Ford Keeps Disappointing Investors in This Key Factor -- and 1 Graph You Have to See
Key Points Ford's 90 recalls so far in 2025 already sets a record. Recalls don't typically impact auto stocks, but there are exceptions. This recall will incur a special item on earnings, not impacting adjusted earnings. 10 stocks we like better than Ford Motor Company › Ford Motor Company (NYSE: F) is known for many things, including championing the moving assembly line that drastically changed the automotive industry in its infancy. It's also known for its lucrative dividend, trudging through the financial crisis without a government bailout, and producing more vehicles in the U.S. than its Detroit rivals. Unfortunately, Ford is also becoming known for something less desirable: recalls and warranty costs, and it's been a problem for years. Let's take a look at Ford's recent recall and how much it'll dent earnings. Recalls. Recalls everywhere. Let's first make a note of something: Recalls are simply a part of business in the automotive industry. Typically, recalls don't tend to impact automotive stocks. In fact, when the vehicle is sold the automaker essentially estimates what the future cost of warranty coverage will be, and sets aside cash to handle such business. The problem is when warranty costs exceed, or greatly exceed, original estimates -- that's when excess costs can add up and weigh on the bottom line. That said, Ford's recent recall for nearly 700,000 crossovers in the U.S., due to a fuel leak issue that could increase the risk of a fire, is the automaker's 90th recall already in 2025 -- a staggering number. Ford's 90 recalls so far this year are more than the next five manufacturers combined, and already set a full-year record for an individual automaker, breaking General Motors' previous record of 77 recalls in 2014 amid its massive ignition switch scandal, according to the National Highway Traffic Safety Administration (NHTSA). To be fair, not all recalls are created equal, and issues that can be fixed with an over-the-air software update hardly cost the company a thing. On the flip side, when a vehicle has to be serviced, parts adjusted, or other manual labor is required, expenses can add up fast. So it's a bit unfair to draw any drastic conclusions solely from 90 recalls without knowing further details. Ford said 33 of its recalls so far in 2025 were related to software audits implemented in March, which should be far less costly than other recalls. If you recall (no pun intended), last year during the second quarter warranty costs checked in $800 million higher compared to the prior year, which caused Ford to miss earnings and sent its stock lower. This recent recall shouldn't cause a similar result, for the most part. What's the damage? Ford said the recall remedy will cost the company roughly $570 million and will be included in the second-quarter earnings report as a "special item." For investors, this means that the increase in warranty expenses won't impact the company's adjusted earnings (which is what Wall Street estimates), adjusted earnings per share (EPS), or adjusted free cash flow. In the early 2000s Ford's warranty payments compared to revenue was at a much lower percentage. That spiked to about 4% during last year's second quarter, a high number for automakers, when the company notoriously took a hit for higher warranty costs. Let's look at some longer trends. Here are Ford's warranty payments as a percentage of revenue over the past 20 years. For a quick comparison, rival General Motors' warranty payments as a percentage of revenue checked in at 2.4% and 2.3% in 2024 and 2023, respectively. Ford has stood firm that it's making significant quality improvements and noted that 2024 model years, during the first three months of service, were 30% better in quality compared to prior years. Currently, Ford's warranty costs and quality issues are one of the biggest uncertainties facing investors. Ford is saying all the right things, and supposedly doing all the right things to fix quality, but so far investors have been left disappointed. It's certainly something to note in your Ford investment thesis, and recalls and warranty costs will be something to keep your eye on over the next 18 months as, hopefully, quality improvements filter through and recalls decline. Should you buy stock in Ford Motor Company right now? Before you buy stock in Ford Motor Company, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ford Motor Company wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Daniel Miller has positions in Ford Motor Company. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Ford Keeps Disappointing Investors in This Key Factor -- and 1 Graph You Have to See was originally published by The Motley Fool Sign in to access your portfolio
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What to Expect From CDW's Next Quarterly Earnings Report
Valued at a market cap of $23.6 billion, CDW Corporation (CDW) is a leading provider of technology products and solutions tailored for business, government, education, and healthcare clients across the U.S., U.K., and Canada. Headquartered in Vernon Hills, Illinois, the Fortune 500 and S&P 500 company distributes over 100,000 products and services from more than 1,000 brands, including PCs, servers, networking equipment, storage, and software. The tech company is expected to release its Q2 2025 earnings before the market opens on Wednesday, July 30. Ahead of this event, analysts project CDW to report earnings of $2.38 per share, which represents a 1.7% growth from $2.34 in the same quarter last year. The company has surpassed Wall Street's bottom-line estimates in two of the past four quarters while missing on two other occasions. More News from Barchart Warren Buffett's Berkshire Hathaway Earns $93,150 Every Hour from Coca-Cola Dividends Alone OpenAI CEO Sam Altman Calls DeepSeek's Bluff: 'I Don't Think They Figured Out Something Way More Efficient' These Are the Highest Yielding Dividend Aristocrats Today (Entire List) Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For fiscal 2025, analysts forecast CDW to report an EPS of $9.31, marking a marginal increase from $9.24 reported in fiscal 2024. Moreover, in fiscal 2026, its earnings are expected to grow 6% year-over-year to $9.87 per share. Shares of CDW have declined 23.2% over the past 52 weeks, significantly underperforming the S&P 500 Index's ($SPX) 13.6% gain and the Technology Select Sector SPDR Fund's (XLK) 16.3% return during the same period. On May 7, CDW shares surged 7.1% after the company reported strong Q1 earnings. Net sales climbed 6.7% year-over-year to $5.2 billion, exceeding Wall Street expectations, fueled by robust demand for mobile devices, desktops, software, and services. The company's adjusted operating margin improved to 8.5% from 8.3% a year ago, contributing to a 10% increase in adjusted operating income to $444 million. Additionally, adjusted EPS rose 11.9% year-over-year to $2.15, topping analyst forecasts. Analysts' consensus view on CDW is moderately optimistic, with an overall "Moderate Buy" rating. Out of 11 analysts covering the stock, opinions include five "Strong Buys," two "Moderate Buys," and four "Holds.' Its mean price target of $208 suggests a 15.8% upside potential from current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
