Daimler Truck Holdings Cuts Full-Year Guidance
Daimler Truck DTG 1.87%increase; green up pointing triangle Holdings lowered its guidance for the rest of 2025, citing heightened demand uncertainty.
The German maker of trucks and buses said it now expects to sell between 260,000 and 290,000 units for the heavy-duty Class 8 market in North America, down from 280,000 to 320,000 units.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Gemini Daily Horoscope Yahoo Life Astrology: June 08, 2025
You and business partners )or good friends if you work alone or aren't in charge) are getting along famously. Make the most of this energy by cementing deeper relationships with them. Improve your dating life and find 'the one' faster with your Weekly Finding Love Tarot Reading.
Yahoo
41 minutes ago
- Yahoo
Worried about a stock market crash? The Big Short's Michael Burry was…
The UK and US stock markets are once again approaching all-time highs. Markets have truly rebounded since Trump shocked the world with his trade policy. However, this rebound concerns me. These stock markets are trading near all-time highs despite a huge increase in the average effective US tariff, despite worsening geopolitical tensions, and despite sovereign debt concerns. Personally, I'm not sure investors have truly factored in the full impact of recent tariff increases on corporate earnings. Over the past year, average effective tariff rates have risen significantly, reaching levels not seen since the late 1930s. Under the Biden Administration, the average effective tariff rate was around 2.5%-2.7%. In May, that figure had risen to almost 20%. These tariffs have introduced new costs for businesses that rely on international supply chains. However, I just don't believe we've really seen the impact of them yet. After all, 'Liberation Day' took place at the beginning of Q2, and we're still in Q2. The full earnings impact of these tariffs is expected to become more visible in the second half of 2025, as companies report on their financial results and adjust to the new cost structures. Michael Burry, best known for predicting and profiting from the 2008 subprime mortgage crisis — a story retold in The Big Short — sold nearly all positions at Scion Asset Management in the quarter ending 31 March 2025. This move, alongside concentrated bearish bets through put options — bets that a stock will go down — on major tech and Chinese stocks, seemingly reflected his conviction that the market was sinking. Burry's only notable long was Estée Lauder, suggesting a defensive stance. However, 13F filings only show holdings as of 31 March, so his actions after that date remain unknown. As we know, the market slumped in early April but has since recovered. Within this context, I'm increasing looking at defensive options. I could look at farming stocks like Pilgrim's Pride, for example, which could outperform in a downturn. However, one option closer to home is the National Grid (LSE:NG.). The company recently reported strong financial results for the fiscal year 2025, with statutory and underlying pre-tax profit up 20%. The company is also investing heavily in its infrastructure, with a capital expenditure plan of £10bn aimed at modernising the energy grid and supporting the transition to renewable energy sources. This investment is part of a broader strategy to expand its regulated asset base, which is expected to grow by around 10% annually over the next few years. It does, however, introduce additional execution risk. Net debt is already £47.5bn — very sizeable. It's also not particularly cheap on face value. The stock trades at 14 times forward earnings, which may be a little demanding when we consider debt is on par with market capitalisation. Nonetheless, the forward dividend looks strong at 4.6%. The National Grid is not a stock I'd normally watch, but given my concerns about the potential overheating of the market, it's something I'm adding to my watchlist. It may be worth considering. The post Worried about a stock market crash? The Big Short's Michael Burry was… appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has no position in any of the shares mentioned. The Motley Fool UK has recommended National Grid Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 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
Yahoo
41 minutes ago
- Yahoo
This FTSE stock's just crashed 28%! Is it time to take advantage?
On Thursday (5 June), the Wizz Air Holdings (LSE:WIZZ) share price plunged nearly 28% following the release of the FTSE 250 airline's results for the year ended 31 March 2025 (FY25). Given that it reported a 61% fall in operating profit — over 30% lower than analysts were expecting — the reaction of investors isn't surprising to me. The problem is that the group's been badly affected by the grounding of some of its aircraft. Of a fleet of 231 planes, 37 are unable to fly due to problems with their engines. Worryingly, 34 are still expected to be out of action by the end of September. Each repair takes around 300 days. During FY25, the airline received credits and compensation from suppliers of €354m. However, it's not specified how much of this came from Pratt & Whitney, the manufacturer of the engines. Whatever the figure, I think it's unlikely to be enough to cover all of the lost earnings. Of most concern, the press release accompanying the results said: 'We are not giving guidance for FY26 at this time of the year given the lack of visibility across our trading seasons.' In other words, the directors don't want to make any public predictions for fear of getting it badly wrong. The results were so disappointing that RBC Capital Markets revealed it was 'throwing in the towel'. It downgraded its price target from 2,400p to 1,500p. And it cut its FY26 net profit forecast by 31%. The broker said: 'We think the risk-reward is more attractive in other low-cost carriers, where we have greater confidence that fuel and foreign exchange tailwinds will translate into earnings upgrades.' Since June 2024, the Wizz Air share price has fallen 50%. But there could be worse to come. The engine problems are expected to affect operations for another two to three years. However, despite its problems, the results announcement contained some good news. Passenger numbers were at record levels and it was the airline's second consecutive year of being profitable. Compared to FY24, its load factor increased by 1.1 percentage points to 91.2%. RASK (revenue per available seat kilometre) was up 3.9%. Looking ahead, it should continue to benefit from lower oil prices. Fuel costs accounted for 35% of operating expenses in FY25, compared to 40% in FY24. Also, the airline's load factor is expected to increase further. But the group's net debt has risen to €4.96bn at 31 March 2025. This is equivalent to 4.4 times EBITDA (earnings before interest, tax, depreciation, and amortisation). For comparison, at the same date, easyJet reported a small net cash position. Even though I'm prepared to take a long-term view, I fear things are going to get worse before they (hopefully) improve. There's too much uncertainty for my liking. The company's chief executive recently told Reuters: 'You look at the performance of the supply chain, of the industry, and there are cracks all over the place.' When considered alongside the airline's FY25 results, this doesn't fill me with much confidence. Therefore, I don't want to invest. The post This FTSE stock's just crashed 28%! Is it time to take advantage? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Beard has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
