Latest news with #MorningStar
Daily Mail
22-07-2025
- Automotive
- Daily Mail
Stellantis warns of $2.68B loss in first half of 2025
A classic Detroit brand is going to make some big changes across America. Stellantis — the company running iconic American car brands Chrysler, Jeep, Dodge, and Ram — shocked investors, admitting it lost $2.68 billion in the first half of 2025. That extends a streak of sales bungles. Last year, the company reported a 70 percent plummet in profits. Now, experts tell that consumers should expect to see a lineup of rumbling gas-burners at US dealerships to boost those sales. 'Brand portfolio decisions made under the prior leadership missed the core needs of existing Ram, Dodge, and Jeep customers,' Rella Suskin, an analyst at MorningStar, said. 'This has left wide gaps in these brands' offering relative to where the market demand lies.' The first gas-powered shoe to drop was Ram's decision to revive the Hemi V8 version of its full-size pickup truck. Last year, the truckmaker killed the grumbly 5.7-liter engine for a more efficient, higher-powered V6 engine. But customers balked at the decision to kill the gas-guzzler, forcing the truck's top boss to apologize in a new ad campaign. 'We own it. We got it wrong. And we're fixing it,' Tim Kuniskis, the CEO of the Ram brand, said in its latest commercial, speaking over the thunderous growl of the truck's iconic V8 cylinders. 'You hear that? That's our HEMI. And it's saying, "We're back."' Suskin said the shift back to rumbling tailpipes will extend to other brands, too. She pointed out that Jeep is bringing back the mid-sized Jeep Cherokee this year, plugging the company back into the best-selling segment in American carmaking. 'For Dodge, the company had focused on a new electric version model; however, this does not speak to the core customer,' she added. 'Stellantis will look to bring back a car to appease the core customer.' The about-face comes as Stellantis faces a financial crisis that's forcing the dramatic strategy shift. The company's staggering billion-dollar first-half loss was revealed ahead of a scheduled July 29 earnings release. The financial meltdown isn't surprising. Former CEO Carlos Tavares abruptly quit in December with two years left on his contract, leaving replacement Antonio Filosa a gargantuan clean-up task. Meanwhile, Trump's tariffs are hammering the company hard. Stellantis has already paid $350 million in tariffs this year and expects the bill to hit $1.5 billion by December. US shipments have cratered 25 percent. But here's the kicker for car buyers: prices at dealerships are expected to jump this year, Suskin said. Dodge currently has 118 days worth of unsold cars sitting on lots — way above the industry average of 82 days. That massive inventory glut, combined with pre-tariff vehicles still being sold off, has kept prices artificially low.
Time of India
15-07-2025
- Business
- Time of India
BlackRock bombshell: World's largest asset manager misses earnings, stock tanks 5% in hours
BlackRock shares fell after the world's largest asset manager fell just short of Wall Street's revenue expectations for the second quarter. While its assets under management reached a new high, a minor earnings miss was enough to cause a sharp sell-off in the stock, alarming investors. BlackRock's stock fell more than 5% after it narrowly missed second-quarter revenue forecasts. However, this year, the stock has increased 1.8% so far. Why did BlackRock's stock drop after strong earnings? The earnings report showed strong growth, but investors were concerned about soft margins and market uncertainty. The investment management company's stock drop 5.5% to $1,050.01, ranking it as the S&P 500's second-largest decliner on 15 July 2025. Live Events Although the company's revenue of $5.42 billion was 13% higher than the previous year, it fell short of analysts' forecast of $5.45 billion, as per a report by Market Screener. Net long-term inflows of $46 billion during BlackRock's June quarter represented a 1.7% annualized organic AUM growth rate, falling short of the 3%-5% annual target. Lower growth rates from peers and market uncertainty are the reasons behind this, as per a report by the Morning Star. What's driving BlackRock's asset growth? The earnings report wasn't all bad; in fact, it was quite the opposite. The company's adjusted earnings per share were $12.05, which was much higher than the average estimate of $10.78. BlackRock had a record $12.53 trillion in assets under management at the end of the quarter, which was a 17.7% increase from last year June. Revenue for the second quarter rose 12.9% year over year due to slightly higher charge rates and a higher average AUM. Adjusted operating margins fell to 43.3%, a decrease of 80 basis points year over year, as quoted in a report by Market Screener. ALSO READ: Is this the end of salesman? Microsoft layoffs signal death of old-school sales - AI set to help tech-savvy pros How are ETFs shaping BlackRock's future? From the standpoint of organic AUM growth, BlackRock continues to surpass its counterparts in conventional asset management because investors continue to find its combination of passive products, index funds and exchange-traded funds (ETFs), more appealing than the majority of active products. The company's capacity to maintain its lead will only be strengthened by the growth of its private capital platform. The company maintains a premium valuation relative to other US asset managers, and its stock is appropriately valued. BlackRock's stock price is still high compared to other traditional asset managers, and analysts still think it's worth about $1,100 per share. In the second quarter, BlackRock had market gains and advantageous foreign exchange; but, the latter part of the year is anticipated to encounter increased challenges stemming from the US government's fiscal, tariff, and immigration policies. Although an upward adjustment to the estimate is possible, the cautious short-term projections for BlackRock and other US-based asset managers persist. FAQs Why did BlackRock's stock fall despite exceeding earnings expectations? Despite strong earnings and record AUM, the company missed revenue forecasts by a small margin, and margins slipped slightly, alarming investors who were already concerned about market headwinds. What factors continue to drive BlackRock's growth? Its ETF business, particularly iShares, continues to attract significant inflows, reflecting investor preference for passive investment products over active ones.
Forbes
07-07-2025
- General
- Forbes
See Venus At Its Best As The ‘Morning Star' Peaks This Week
This week, Venus reaches its highest point in the morning sky during its current apparition as the ... More 'Morning Star.'
Mint
03-07-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Five stocks to buy or sell Thursday—3 July 2025
Stock Market Today: Amid weak global cues and as concerns around US trade policies continue, the benchmark Nifty-50 Index ended 0.35% lower at 25,453.40. The Bank Nifty lost 0.80% to end at 56,999.20, while realty was also under pressure, though metals, pharma, and auto sectors were among key gainers. The broader indices also ended slightly lower. As long as the Nifty is trading below 25,500, the weak sentiment is likely to continue, and the market could retest the level of 25,300 and 25,225 thereafter. If the market rises above 25,500, it could bounce back up to 25,600–25,670, as per Shrikant Chouhan, Head Equity Research, Kotak Securities. For Bank Nifty, structural support is placed in the 56,000–55,500 region, as per Bajaj Broking. Mixed global cues, particularly ahead of the impending tariff deadline, are driving investor caution. Market attention is gradually shifting to crucial Q1 earnings, which have high expectations, said Vinod Nair, Head of Research, Geojit Investments Limited Underlying trends such as robust macroeconomic fundamentals and increased government expenditure continue to support market resilience. However, being at the breach level of the recent rally, a cautiousness is expected to continue in the near term, added Nair Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today while Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, has given three stock picks. These include Tata Steel Ltd., Aurobindo Pharma Ltd., HBL Engineering Ltd., Inox Green Energy Services Ltd., and Can Fin Homes Ltd. 1. Tata Steel—Bagadia recommends buying TATASTEEL at around ₹ 165.88, keeping stop-loss at ₹ 160 for a target price of ₹ 178 TATA Steel is currently trading at ₹ 165.88, demonstrating a strong uptrend following a sharp reversal from its recent lows. The stock has convincingly breached its previous resistance at ₹ 165, backed by solid price action and rising volumes. This breakout signals a shift in momentum, as the price structure now forms a series of higher highs and higher lows—an indication of a sustained bullish reversal. 2. Aurobindo Pharma Ltd.—Bagadia recommends buying AUROPHARMA at around ₹ 1158, keeping Stoploss at around ₹ 1117 for a target price of ₹ 1240 AUROPHARMA is currently trading at ₹ 1158, having recently rebounded from a key support zone. The stock has broken out of a falling trendline on the daily timeframe while forming a Morning Star candlestick pattern, which is an early signal of potential trend reversal. This bullish breakout is further validated by rising trading volumes, indicating renewed buying interest and strengthening market sentiment 3. HBL Engineering Ltd.—Koothupalakkal recommends buying HBL ENGINEERING at around ₹ 626.85 for a target price of ₹ 657, keeping Stop loss at ₹ 612 The stock has indicated an ascending trend with a series of higher bottom formation patterns on the daily chart, taking support near the confluence of the 200-period MA and 50-EMA level at the ₹ 560 zone, improving the bias and anticipation for further upward movement in the coming sessions. The RSI is well placed with strength indicated, signaling a buy with much upside potential from the current rate to carry on with the positive move further ahead. 4. Inox Green Energy Services Ltd.-Koothupalakkal recommends buying INOX GREEN at around ₹ 156.35 for a Target price of ₹ 166, keeping Stop loss at ₹ 152 The stock has recently witnessed a decent correction, and thereafter, with consolidation for a short period, it has shown signs of improvement with a positive candle formation to anticipate for further rise in the coming sessions. The RSI is currently well positioned and has indicated a positive trend reversal to signal a buy with much upside potential visible from the current rate. With the chart technically looking good, we suggest buying the stock for an upside target of 166 level keeping the stop loss of 152 level. 5. Can Fin Homes Ltd.—Koothupalakkal recommends buying CANFIN HOMES at around ₹ 809 for a target price of ₹ 850, keeping Stop loss at ₹ 792 The stock has sustained above the important 50EMA level for quite some time with a rising trend visible, recently once again indicating a higher bottom formation taking support near the confluence of the 200-period MA and 50EMA at the ₹ 755 zone and witnessing a decent pullback with a bullish candle formation has improved the bias, and we can anticipate further rise. With the chart technically looking attractive, we suggest buying the stock for an upside target of ₹ 850, keeping the stop loss at the ₹ 792 level. Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Telegraph
25-06-2025
- Politics
- Telegraph
Britain must wake up to the enemy within – or this country is finished
It's not often you see communists taking a stand for free speech and civil liberties. But in the eyes of the Morning Star, it seems, drastic times call for drastic measures. In a scandalised editorial this week, it thundered that the Home Secretary's decision to outlaw Palestine Action as a terrorist group is 'a dangerous assault on our freedoms'. Ah, yes. The ancient and inviolable freedom of every patriotic Englishman to break into his own country's military bases and cause tens of millions of pounds' worth of damage to our aircraft. Thanks for the reminder, Comrades. I bet the Soviet Union was always cheerfully tolerant of any gangs of intruders caught ramming crowbars into the engine of a Lavochkin La-7. 'Come on, give the traitorous saboteurs a break,' Stalin would chuckle indulgently. 'They're just exercising their democratic right to peaceful protest!' I'm sorry to confess, however, that I don't share the Great Leader's easygoing equanimity. Because I agree with our Government that what Palestine Action did at RAF Brize Norton last Friday was a terrorist act. And frankly, instead of wailing about how mean and horrid Yvette Cooper is, these Israel-hating headbangers should be grateful they're alive. Break into most countries' airbases, and within two seconds you'll be riddled with more holes than a porcupine's underpants. Palestine Action, though, shouldn't be the only object of our contempt. If anything, we should be even more disgusted by the people who condone them. Not just the ones screeching and raving outside Parliament – but the ones screeching and raving inside it, too. Because, incredible as it may seem, Palestine Action has been defended by numerous sitting MPs. Jeremy Corbyn claims that banning the group represents ' a draconian assault on democratic right to protest '. Kim Johnson, Labour MP for Liverpool Riverside, calls it 'a dangerous attack on civil liberties'. Richard Burgon, Labour MP for Leeds East, seems to think these crowbar-wielding thugs are 'non-violent'. Most mind-boggling of all, however, is the attitude of Zarah Sultana, the suspended Labour MP for Coventry South – who, on Tuesday, proudly proclaimed: 'We are all Palestine Action.' 'We'? Who's 'we'? I don't know about you, but I for one have never been accused in court of assaulting police officers with a sledgehammer. Nor have I smashed up a Jewish-owned business in north London. Or posted a photo of a handgun on Instagram, with the caption: 'Resist! By any means necessary'. And, to the best of my recollection, I've never sabotaged any RAF planes, either. Still, perhaps we shouldn't be surprised by the past week's events. Because for some time now it's been clear that the anti-Israel Left is growing ever more extreme. What started with the weekly hate marches has mutated into something truly unhinged. In the past few days alone, we've seen protesters in London flying Iranian flags, and brandishing placards that praise the Ayatollah for being on 'the right side of history'. We've seen loons from 'Queers for Palestine' (I know it sounds like a spoof, but they're real) disrupting an LGBTQIA+ parade in Cardiff, because they preposterously accuse Pride Cymru of having 'ties to the Israeli war machine'. This weekend, meanwhile, Glastonbury will welcome the anti-Israel rap group Kneecap, even though one member has been charged with a terror offence after allegedly displaying a flag in support of Hezbollah. Oh, and the same festival is also due to host a talk by an activist for guess who: Palestine Action. View this post on Instagram A post shared by WalesOnline (@walesonline) We often talk about this fanaticism as a problem we've 'imported'. But the truth is, all too many of today's militant monomaniacs were born in Britain. Numberless hordes of them are white, middle-class – and so deranged with loathing for what they call 'Zionists', they'll even cheer an attack on an RAF base. At best, these people have lost their marbles. But at worst, they're becoming a threat to national security. For the sake of our future, Britain must wake up to the enemy within – or this country is finished. Good on the Home Secretary, therefore, for cracking down on Palestine Action. Its supporters may be horrified by the thought of getting locked up with members of Isil and al-Qaeda. Still, I'm sure they'd get used to it. They can while away the long winter evenings in prison together, arguing about which of them hates our country the most.
