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Martin Mucci, Paychex CEO, joined The Final Round to discuss the September Small Business Jobs Index released by Paychex and IHS Markit and how the pandemic has impacted small businesses in the US....
The 11th CEO in Ford's 117-year history officially took the wheel Thursday. Ford's Plan for Growth: New Ford Motor Company (NYSE: F) CEO Jim Farley plans on turning Ford around. The plan outlined by the company is:"Turn around automotive operations; allocate capital to Ford's strongest franchises and high-growth opportunities; produce compelling, uniquely Ford electric vehicles at scale; and stand up new AV-enabled businesses."The operational metrics outlined during a virtual town hall with employees include top-line growth, operational excellence, high quality customer satisfaction, sustained adjusted EBIT margins of 8% and strong automotive adjusted free cash flow.Farley put an emphasis on improving quality, reducing costs and accelerating the restructuring of underperforming businesses.Ford's New Regional Business Units: Ford announced the creation of three regional business units: The Americas and International; Europe; and China. The new regional business units are being created to drive decision-making and accountability, according to Ford. Ford Management Changes: John Lawler,...
A poor jobs report and news that President Donald Trump has tested positive for Covid-19 weighed on the stock market on Friday. With that in mind, let’s get to some top stock trades in the meantime.
Top Stock Trades for Monday No. 1: Nio (NIO)
Click to EnlargeSource: Chart courtesy of StockCharts.com
Nio (NYSE:NIO) reported solid third-quarter delivery results on Friday, but you wouldn’t know it by the stock’s reaction. Same with Tesla (NASDAQ:TSLA).
However, unlike Tesla, Nio stock isn’t wavering as much. In fact, the stock is holding up near its prior breakout level.InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In late August and early September, Nio stock was rejected by the $21 level. It didn’t help that the company raised additional funds and the stock market took a solid dip (as did Tesla).
However, Nio never broke stride, as uptrend support continued to hold (blue line). This week, shares were able to...
As President Trump tests positive for coronavirus, investors and health officials worry over the state of the vaccine race and testing. Dr. Isaac Bogach, an Infectious Diseases Specialist, joins The Final Round to discuss his thoughts on the latest developments with the coronavirus and the vaccine race....
There are two ways a stock can move higher, and Nio (NYSE:NIO) stock has benefited from both so far in 2020.
Source: Sundry Photography / Shutterstock.com The first is through improving future prospects. In theory, a stock price should be equal to the net present sum of all of its future cash flows. If the market believes those cash flows will be higher than previously thought, the stock price should, in turn, rise.
Obviously, this theoretical movement has played out in practice for NIO stock. NIO has more than quadrupled so far this year. Optimism toward electric vehicles more broadly, along with strong sales results from Nio itself, both have been key drivers. Investors are seeing potentially bigger profits, and thus, a higher stock price in a blue-sky scenario.InvestorPlace - Stock Market News, Stock Advice & Trading Tips
But there’s a second, less covered, and less obvious, way in which a stock can gain....
The merger between Tortoise Acquisition Corp (NYSE: SHLL) and Hyliion was approved by shareholders earlier this week. Shares began trading as Hyliion (NYSE: HYLN) on Friday.What's Next: Hyliion CEO Thomas Healy was interviewed on FreightWaves and he called being publicly listed "surreal."When asked about the differences between Hyliion versus Nikola Corporation (NYSE: NKLA) and Tesla Inc (NASDAQ: TSLA), Healy said Hyliion helps people get the benefits of an electric vehicle without some of the negatives."What works in the passenger car space doesn't necessarily work in the long-haul trucking space," Healy said.Healy emphasized his company is using existing infrastructure of natural gas stations instead of building out infrastructure. The cost to build out hydrogen fueling stations could cost $12 billion to hit the 700 stations in place already for natural gas."What we're doing is we're actually leveraging natural gas and using that to produce electricity locally on the truck to actually charge...
Check out this review of oil market hits and misses for the week ending Oct. 2, 2020....
