Latest news with #rebound
Yahoo
a day ago
- Automotive
- Yahoo
Jeep owner Stellantis says has turned corner
Jeep owner Stellantis said Tuesday it sees sales revenue and profitability rebounding in the second half of the year despite taking a 1.5-billion-euro ($1.7-billion) hit from US tariffs. The 15-brand group that also includes Peugeot, Citroen and Fiat, confirmed the preliminary announcement it made last week of a 2.3-billion-euro net loss in the first half of the year, as sales in North America continued to slump on an annual comparison. But Stellantis's new chief executive, Antonio Filosa, said the automaker is beginning to see "gradual improvement" in sales volumes and revenues on a sequential basis "despite intensifying external headwinds". Like some of its rivals, Stellantis had suspended financial guidance due to the uncertainty surrounding US tariffs and regulatory changes, but it said it now sees an increase in revenues in the second half of the year as well as operating profit margin in the low single digits. Under former chief executive Carlos Tavares the company had long targeted a double-digit margin, but it fell to just 0.7 percent. Stellantis also put a figure on the impact of the 25 percent US tariffs on auto imports: 1.5 billion euros for 2025 overall, of which 300 million euros was incurred in the first half of the year. Part of the turnaround was taking a 3.3-billion-euro charge, which Stellantis announced last week, which took into account the costs to adapting to new US regulations. Trump's massive tax and spending legislation, approved earlier this month, removed the penalties for not respecting the so-called CAFE fuel economy targets, meaning automakers can produce and sell more higher polluting cars in the United States. This is allowing Stellantis to bring back a number of models, including pickup trucks and muscle cars, that had been phased out because of their internal combustion engines to meet fuel efficiency targets and pollution limits. Stellantis said this and a "product wave" of 10 new models this year would support future performance. Company veteran Filosa took over as chief executive in June, half a year after Tavares left, in large part to haemorrhaging sales in North America. Filosa has shook up the company's management team and moved swiftly to jettison two billion euros of programmes considered as having poor prospects to quickly turn a profit, such as hydrogen fuel cell vehicles. Stellantis shares slumped 3.7 percent in trading on the Paris stock exchange, which was up 0.5 percent overall. Stellantis shares have lost around 37 percent since the start of the year and 70 percent from their peak early last year. tsz/rl/yad Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Dutch Bros Stock Flashing Sure-Fire Bull Signal
Shares of coffee chain Dutch Bros Inc (NYSE:BROS) have been pulling back since early June, down 0.2% at $59.36 at last glance today. The stock looks due for a short-term rebound, however, as the recent price action has it running into the supportive 200-day trendline, which coincides with its year-to-date breakeven level. Per Schaeffer's Senior Quantitative Analyst Rocky White, BROS is within 0.75 of the 200-day trendline's 20-day average true range (ATR) after spending at least 80% of the last 10 days and 80% of the last two months above it. Over the past , two similar signals have occurred, and the equity was higher one month later both times with an average 21% gain. A move of similar magnitude would put Dutch Bros stock at $71.82, erasing its July losses. BROS' 14-day relative strength index (RSI) of 30.7 sits on the cusp of "oversold" territory. Plus, short interest represents 6.6% of the stock's available float, leaving plenty of pent-up buying power in the event of a bounce. 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
Bloomberg
2 days ago
- Business
- Bloomberg
‘Pretty Neutral' on Stocks to Year's End: Calvasina
00:00 I've got to say, just looking through your note, you do seem a lot more measured than some of your Southside peers who start to dust off their bull case Upside scenario playbook. What has you remaining a little bit more conservative right now? So, look, I mean, markets have run up tremendously and we actually have done this work where we looked back at the market rebound nine months down the road off of things like the 2010 2011 growth scares, 2018, kind of all the big 10% plus drops except for the COVID recession of 2020 that we've seen since the GFC. And we are recovering faster than any of them and we're about where we deserve to be. If you look at the average of those in nine months time in December. So we think markets have already pulled forward a tremendous amount of good news. And that's not to say, you know, that we're feel super bearish from here. We feel pretty neutral, you know, looking at stocks through the end of the year. What do you make of the fact we have recovered so quickly? Is it a change in investor behavior? Is something different this time around from previous rebounds? So I think that what is really unusual is that perhaps far earlier than any point in time that I can remember in my career, people are already looking to next year. And if you go back to June, all I was hearing was 20, 26, 20, 26, 2026. We're done with 2025, you know, and as we're getting all these headlines, you know, on the trade deals, I'm sort of, you know, kind of laughing to myself in my head, like who was worried about the is certainly not any of the people I was talking to in June where there was an assumption that, you know, we didn't really know quite what all the details were, but that things, you know, we were going to get deals done right. There were just not a lot of concerns about tariffs in the meetings, frankly, that I had at the end of the second quarter. What about what you've heard from companies and how much concern they're expressing in this earnings season? I don't think that the corporate sentiment level matches what we've seen from investors and what we've seen priced into markets. And, you know, if you want to just sort of take my opinion out of it, look back at the Duke CFO survey, which came out right before reporting season, and we didn't see the same kind of inflection in sentiment that we had seen in things like the NFIB survey, things like the Eye Survey or even the consumer sentiment surveys. If you look at what we've sort of qualitatively been gathering the last couple of weeks, you know, we kind of just finished week to week one was all about financials and they sounded pretty good. You know, our tagline at the end of that was fine, but not fabulous. Maybe even they were a little bit more guarded than what we've been hearing from investors. Last week, though, we finally got both volume and breadth in terms of, you know, different industries and sectors participating. And it frankly did sound a bit more mixed. You know, we have had, you know, even as of last week, obviously not the news of the weekend, but we did have more clarity. And I was still seeing one company after another talking about fluidity was kind of the big word uncertainty. And certainly, you know, companies were saying things were better than the initial assumptions, but there was still some guarded ness.
Washington Post
2 days ago
- Sport
- Washington Post
A year after they were (to a degree) deadline sellers, the Blue Jays are soaring
Even when they traded away a handful of established players at last year's deadline, the Toronto Blue Jays clearly believed a rebound was possible. A year later, they have a comfortable lead atop the AL East. It's hard to say that last year's deadline jump-started Toronto's turnaround, but the important thing is the Blue Jays didn't give up on their core despite being on their way to a last-place finish in 2024. They dealt players like Yusei Kikuchi and Justin Turner — but Vladimir Guerrero Jr. and Bo Bichette remained with Toronto.
Bloomberg
6 days ago
- Business
- Bloomberg
Cemex Net Income Beats Estimates on Improved European Demand
Cemex SAB's earnings surpassed expectations as the Mexican cement maker benefited from a rebound in Europe that cushioned a weaker performance in the US. Net income reached $318 million in the second quarter, Cemex said in a statement Thursday, topping the $245.7 million estimate of analysts surveyed by Bloomberg. A profit gauge known as operating Ebitda was in line with expectations.
