Latest news with #ToyotaMotors
Globe and Mail
3 hours ago
- Automotive
- Globe and Mail
Pre-Markets in Green Amid Trade Deal With Japan
Pre-market futures are up today, led by foreign auto companies — particularly those in Japan. A new trade agreement was announced that lowers tariffs on Japanese imported autos to +15% from the +27.5% recently slapped on by President Trump. Sweetening the deal is a reported $550 BILLION in investments and loans. Thus, we see this morning Toyota Motors TM up +14% in early trading, with Honda Motor Co. HMC +11%. Toyota had been saddled with a Zacks Rank #5 (Strong Sell) and Honda with a #4 (Sell), with double-digit earnings losses expected in quarterly reports early next month. EU automakers are hopeful for a similar deal, as we see companies like Stellantis STLA up +6% ahead of today's open. Thus, major indexes are up fairly robustly. The Dow is +240 points at this hour, +0.54%, while the S&P 500 — riding successive all-time closing highs — is +24 points, +0.38%. The Nasdaq is creeping higher, +24 points or +0.10%, while the small-cap Russell 2000 is leading the pack again: +19 points, +0.87%. Bond yields continue to quiet: +4.37% on the 10-year and +3.85% on the 2-year. Q2 Earnings This Morning at a Glance: T, NEE The big Q2 reports happen today after the market closes, but AT&T T posted modest beats on both top and bottom lines this morning in the telecom major's Q2 report. Earnings of 54 cents per share outperformed the Zacks consensus by 3 cents, with revenues of $30.85 billion up +1% from estimates, largely on improved subscriber sales in the quarter. Yet shares are down -2.5% in early trading, after gaining +20% year to date. NextEra Energy NEE also outpaced expectations by 3 cents on its bottom line, with earnings of $1.05 per share, even as revenues of $6.7 billion missed the Zacks consensus by -7.28%. However, steady guidance and a solid dividend yield are helping the stop stay afloat +0.4% in pre-market action. NEE is +8% year to date. What to Expect from the Stock Market Today After the opening bell, Existing Home Sales for June is due for release. Analysts expect a range-bound number where we've been the past few months, around 4 million seasonally adjusted, annualized units. Last time around, the Northeast, Midwest and South all saw sales growth from existing homes; only the West was negative. The median existing home sale price a month ago was $422,800. Also, major Q2 earnings reports are out after the close, headlined by Alphabet GOOGL and Tesla TSLA — two of the so-called 'Magnificent 7' stocks. Yet digging into these charts, we can see this is very much a tale of two disparate realities. While Alphabet expects higher than +13% earnings growth and better than +11% revenue gains, Tesla is expected to be down -25% on its bottom line and -12% on the top. GOOGL is riding a streak of 9-straight quarters beating earnings, while Tesla has missed in 6 of its last 8. We also expect to hear from IBM IBM, Southwest Airlines LUV, ServiceNow NOW and Las Vegas Sands LVS. We're now in the heart of Q2 earnings season, as we're hearing from multiple companies in multiple sectors on the same day (as opposed to big banks at the start of the cycle and retailers at the end). 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NextEra Energy, Inc. (NEE): Free Stock Analysis Report AT&T Inc. (T): Free Stock Analysis Report Toyota Motor Corporation (TM): Free Stock Analysis Report International Business Machines Corporation (IBM): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Las Vegas Sands Corp. (LVS): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report ServiceNow, Inc. (NOW): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Stellantis N.V. (STLA): Free Stock Analysis Report
Yahoo
4 days ago
- Business
- Yahoo
Joby Aviation (JOBY) Soars 48% on Aggressive Expansion
We recently published . Joby Aviation, Inc. (NYSE:JOBY) is one of this week's biggest players. Joby Aviation soared by 47.67 percent week-on-week to close at $17.78 versus the $12.04 finish on July 11, as investor confidence was boosted by its aggressive expansion plans. In a statement earlier last week, Joby Aviation, Inc. (NYSE:JOBY) announced that it was underway with the expansion of its facilities in Dayton, Ohio and Marina, California, to accommodate the targeted annual production of 500 and 24 aircraft, respectively. The facilities form part of Joby Aviation, Inc.'s (NYSE:JOBY) four total manufacturing sites, with the two others located in Santa Cruz, California. According to Joby Aviation, Inc. (NYSE:JOBY), the Marina expansion will also provide other key capabilities, including initial FAA production certification, conforming ground and flight testing components, pilot training simulators, and aircraft maintenance, among others. Jirat Teparaksa/ Based on its historical reporting dates, Joby Aviation, Inc. (NYSE:JOBY), a company heavily backed by giant carmaker Toyota Motors, is expected to release the results of its second quarter earnings performance in the first week of August 2025. While we acknowledge the potential of JOBY 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
Yahoo
4 days ago
- Business
- Yahoo
Joby Aviation (JOBY) Soars 48% on Aggressive Expansion
We recently published . Joby Aviation, Inc. (NYSE:JOBY) is one of this week's biggest players. Joby Aviation soared by 47.67 percent week-on-week to close at $17.78 versus the $12.04 finish on July 11, as investor confidence was boosted by its aggressive expansion plans. In a statement earlier last week, Joby Aviation, Inc. (NYSE:JOBY) announced that it was underway with the expansion of its facilities in Dayton, Ohio and Marina, California, to accommodate the targeted annual production of 500 and 24 aircraft, respectively. The facilities form part of Joby Aviation, Inc.'s (NYSE:JOBY) four total manufacturing sites, with the two others located in Santa Cruz, California. According to Joby Aviation, Inc. (NYSE:JOBY), the Marina expansion will also provide other key capabilities, including initial FAA production certification, conforming ground and flight testing components, pilot training simulators, and aircraft maintenance, among others. Jirat Teparaksa/ Based on its historical reporting dates, Joby Aviation, Inc. (NYSE:JOBY), a company heavily backed by giant carmaker Toyota Motors, is expected to release the results of its second quarter earnings performance in the first week of August 2025. While we acknowledge the potential of JOBY 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.
CNA
01-07-2025
- Automotive
- CNA
Toyota's second-quarter US auto sales rise 7.2%
Toyota Motors' North American unit reported higher second-quarter U.S. vehicle sales on Tuesday, helped by demand for its sedans and SUVs. The Japanese automaker's sales rose 7.2 per cent to 666,469 units, from a year ago.
Reuters
09-05-2025
- Business
- Reuters
Breakingviews - NTT generously models Japan's next wave of buyouts
HONG KONG, May 9 (Reuters Breakingviews) - Nippon Telegraph and Telephone (9432.T), opens new tab is doing its state backers a favour. The Japanese telecom company, in which the Ministry of Finance holds a roughly one-third stake, is offering to buy out the 42% it doesn't already own of its subsidiary NTT Data (9613.T), opens new tab for 2.37 trillion yen ($16.4 billion). That's a chunky premium for minority shareholders. But it models a type of dealmaking officials want to see more of in Japan. The $86 billion acquirer says its cash flow and financing capabilities will help the subsidiary, which was listed in 1995, strengthen its presence in North America and upgrade data centre infrastructure as demand for artificial intelligence increases. Official pressure may also be a factor driving the deal. The government wants Japan Inc. to use capital more efficiently to ultimately support the economy. Bourse operator Japan Exchange Group has been running a campaign to remove conflicts of interest between parent companies and their subsidiaries' minority shareholders. These messy dual-listing structures are common in Japan; Nippon Telegraph admits, opens new tab the deal to absorb its subsidiary will simplify the relationship. This type of consolidation will drive the next wave of Japanese buyouts. Of all the large M&A deals currently on the table in the country, Nippon Telegraph's deal is the most likely to succeed. By contrast, a potential $42 billion offer from Toyota Motors Chair Akio Toyoda to buy Toyota Industries (6201.T), opens new tab looks like scrap value. Nippon Telegraph is offering, at 4,000 yen per share, a price the stock last hit around the dotcom bubble. Getting up there this time involved the subsidiary pushing back against its parent. Filings released, opens new tab on Thursday show the buyer initially proposed to pay 3,200 yen per share last month and increased the amount on four occasions: on Friday morning the target's shares were trading just below the buyout price. It all means that Nippon Telegraph is paying a huge 67% premium, or $6.6 billion, to when it started negotiating with its target. Covering that might mean finding annual savings of about 140 billion yen, almost $1 billion, or a punchy 15% of NTT Data's operating expenses in the year to the end of March 2025, once taxed – at the 31% rate the company tends to pay – and capitalised. NTT has a track record of making generous buyout offers, such as when it absorbed NTT Docomo five years ago in a larger deal. However, companies are so undervalued in Japan that high premiums are likely to be a feature of the many more deals to come. It's fitting that a state-backed company is devising a model for how to get deals done. Japanese telecom provider Nippon Telegraph and Telephone on May 8 announced a tender offer to buy all the shares of NTT Data that it doesn't already own, valuing the information technology services company at 5.6 trillion yen ($38.8 billion). At 4,000 yen per share, the offer represents a premium of 34% to NTT Data's closing share price on May 7, and of 67% to the closing price on April 7 before the two parties started negotiating a deal. NTT currently owns 57.7% of NTT Data. The tender offer period will run from May 9 to June 19.
