Latest news with #Macquarie
Yahoo
19 hours ago
- Automotive
- Yahoo
Analyst Explains Impact of Trump's Bill on Tesla (TSLA) – ‘Direct Hit to Cash Flow'
Tesla, Inc. (NASDAQ:TSLA) is one of the . Jed Dorsheimer, William Blair energy and power tech group head, recently talked about Tesla during a program on CNBC. He believes Trump's new tax bill will directly impact the company. 'I mean it's going to affect the cash flow of the business certainly. And so when you look at the combination of the $7,500, that just meant that the pricing of US vehicles are going to get more expensive. Or they're going to have to cut the pricing in order to keep that same level of demand, and that will cut into margins and affect cash flow. And then the tax credits going away in terms of the zero emission — that, you know, is a direct hit to cash flow.' Tesla's EV sales are falling all over the world as the company faces challenges from competitors. Even if Elon Musk increases his focus to fix the company's problems, it would take a lot of effort to come out of the demand crisis. For example, in California, the largest U.S. market for electric vehicle adoption and sales, Tesla sales fell about 12% year over year in 2024, causing its market share to drop from 60.1% in 2023 to 52.5% in 2024. Was it because Californians are buying fewer EVs? No. Californians purchased more than 2 million electric cars during the year, almost double when compared to the past two years. Photo by J Dean on Unsplash Macquarie Large Cap Growth Fund stated the following regarding Tesla, Inc. (NASDAQ:TSLA) in its Q1 2025 investor letter: 'At the individual stock level, the greatest contribution was attributable to not owning Tesla, Inc. (NASDAQ:TSLA), and our positions in Intercontinental Exchange Inc. (ICE) and Visa Inc. Tesla faced well-publicized headwinds last quarter that may bleed into future periods. This has remained a constant stock of debate among the investment community and is volatile as a result. The business has never met our quality standards and we are happy to sit on the sidelines of this battleground stock.' While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
Business Insider
a day ago
- Business
- Business Insider
Macquarie Remains a Buy on Infratil Limited (IFUUF)
Macquarie analyst maintained a Buy rating on Infratil Limited today. The company's shares closed last Wednesday at $5.40. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Infratil Limited. Based on Infratil Limited's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.82 billion and a GAAP net loss of $212.2 million. In comparison, last year the company earned a revenue of $1.43 billion and had a net profit of $1.15 billion Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IFUUF in relation to earlier this year.
Business Insider
a day ago
- Business
- Business Insider
Macquarie Sticks to Its Buy Rating for Auckland International Airport (ACKDF)
Macquarie analyst maintained a Buy rating on Auckland International Airport today. The company's shares closed yesterday at $4.43. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. In addition to Macquarie, Auckland International Airport also received a Buy from Citi's Suraj Nebhani in a report issued on July 15. However, on the same day, Jefferies maintained a Hold rating on Auckland International Airport (Other OTC: ACKDF). The company has a one-year high of $5.46 and a one-year low of $3.85. Currently, Auckland International Airport has an average volume of 564.
Business Insider
a day ago
- Business
- Business Insider
Macquarie Sticks to Its Buy Rating for 29metals Ltd. (29M)
Macquarie analyst Adam Baker maintained a Buy rating on 29metals Ltd. today and set a price target of A$0.40. The company's shares closed today at A$0.33. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Baker is an analyst with an average return of -10.7% and a 42.55% success rate. Baker covers the Basic Materials sector, focusing on stocks such as Sandfire Resources Limited, Aurelia Metals , and FireFly Metals. 29metals Ltd. has an analyst consensus of Hold, with a price target consensus of A$0.26. The company has a one-year high of A$0.51 and a one-year low of A$0.11. Currently, 29metals Ltd. has an average volume of 4.69M.
Reuters
a day ago
- Business
- Reuters
India's Axis Bank tumbles on disappointing June quarter, asset quality woes
July 18 (Reuters) - Shares of India's Axis Bank ( opens new tab shed 4.6% on Friday, a day after the private lender reported an unexpected drop in June-quarter profit, with analysts citing higher credit costs and margin pressures as key concerns. The stock was on track for its worst day in six months and was the top loser on Nifty Bank (.NSEBANK), opens new tab and Nifty Private Bank (.NIFPVTBNK), opens new tab indexes. It also dropped the most on benchmark Nifty 50 (.NSEI), opens new tab, which was trading flat. India's fourth-largest private lender by market value reported a surprise lower quarterly profit drop on Thursday, as its bad loans surged after a one-time industry benchmarking exercise. Its net interest margin also contracted to 3.8% from 4.05%. Systematix said margins would remain a drag in the second quarter as well, as the bank needs to fully take in the impact of the central bank's repo rate cut. When rates are lowered, lenders typically pass on the advantage to borrowers first and only later cut deposit rates, which temporarily squeezes their margins. The lender said it made changes to asset classification norms, after it found an "odd bank" following a criterion more stringent than it. However, it did not name the "odd bank" or give details on the benchmarking exercise. The bank's new asset recognition norms weighed on asset quality, with high credit costs adversely impacting the profit, BOBCaps analysts said. Macquarie analysts said the results raised "more questions than answers", adding that the bank's credit costs were higher than its private peers, even after adjusting for the one-time accounting change. Session's losses trimmed Axis Bank's year-to-date gains to 4.3%, compared with an 11% and 12% climb in the banks index and private banks index. Benchmark Nifty 50 has gained 6% so far in 2025. Larger rivals HDFC Bank ( opens new tab and ICICI Bank ( opens new tab will report their June-quarter results on Saturday.
