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New Family Economy
2.00k followers • 13 symbols Watchlist by Yahoo Finance
This basket consists of stocks with companies that benefit from new families.
13 symbols
PG118.530.47%
The Procter & Gamble Company
HD251.00-0.21%
The Home Depot, Inc.
VZ56.830.43%
Verizon Communications Inc.
COST306.64-0.45%
Costco Wholesale Corporation
LOW132.840.86%
Lowe's Companies, Inc.
GM29.071.66%
General Motors Company
GIS61.47-1.95%
General Mills, Inc.
F6.190.29%
Ford Motor Company
WSM85.34-0.68%
Williams-Sonoma, Inc.
NWL14.991.14%
Newell Brands Inc.
KBH36.811.83%
KB Home
TPX69.002.15%
Tempur Sealy International, Inc.
BBBY8.080.53%
Bed Bath & Beyond Inc.
- Reuters
Exclusive: GM plans electric van for business users in bid to pre-empt Tesla
General Motors Co <GM.N> is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc <AMZN.O> and United Parcel Service Inc <UPS.N>, five people familiar with the plans told Reuters. GM's plan to develop an electric van has not previously been reported.
- Reuters
General Motors to work closely with CATL in its China EV push - executive
General Motors <GM.N> will "work very closely" with Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd (CATL) <300750.SZ> as it ramps up electric production in the world's biggest auto market, a senior executive said. The Detroit automaker said in March it would invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk's Tesla Inc <TSLA.O> in the sector. "We have already established a good working relationship and supply agreement with CATL," said Julian Blissett, GM's China president.
- Reuters
Ford's China ventures increase May sales as market rebounds
Ford Motor's <F.N> China ventures have reported year-on-year sales growth for May in a sign of how the world's biggest auto market is continuing its recovery from coronavirus-induced lows. Jiangling Motors Corp (JMC) <000550.SZ>, in which Ford owns a stake, said in a filing on Wednesday that it sold 29,008 vehicles last month, up 32% year on year. Separately, Ford also said that sales of its luxury Lincoln brand in China reached 5,000 units last month, up 22%.
- Motley Fool
Former UAW President Pleads Guilty to Embezzlement and Racketeering as Corruption Probe Continues
Former United Auto Workers president Gary Jones pleaded guilty in federal court on Wednesday to embezzlement of union funds and racketeering. The plea was the latest development in a yearslong investigation into corruption among members of UAW leadership and executives at Fiat Chrysler (NYSE: FCAU).
- Motley Fool
Why General Motors Stock Is Up Today
What happened Shares of General Motors (NYSE: GM) were rising on Wednesday after U.S. auto sales results for May came in somewhat better than expected. As of 2:45 p.m. EDT, GM's shares were up about 5.
- Motley Fool
Why Ford Stock Is Up Today
Shares of Ford Motor Company (NYSE: F) were trading higher on Wednesday afternoon on signs of an accelerating recovery after U.S. auto sales totals for May turned out to be better than analysts had expected. As of 3:15 p.m. EDT, Ford's shares were up about 5.2% from Tuesday's closing price. While Ford no longer reports monthly sales results for the U.S., overall sales of "light vehicles" (cars, pickups, and SUVs) appear to have fallen about 30% in May from a year ago.
- Motley Fool
Done Deal: VectoIQ's Merger With Nikola Motor Has Closed
VectoIQ Acquisition (NASDAQ: VTIQ) said on Wednesday that its much-anticipated merger with electric heavy-truck maker Nikola Motor has closed, a day after its shareholders voted to approve the transaction. The deal provides Nikola with more than $700 million in new cash, much of it from a related "PIPE" (private investment in public equity) transaction where investors, including Fidelity Investments and hedge-fund manager P. Schoenfeld Asset Management, bought shares of the combined company at a discounted price. Nikola, founded in 2014 by Trevor Milton, has developed a series of all-electric Class 8 (tractor-trailer) trucks that have attracted considerable interest from the trucking industry as well as investors.
- Yahoo Finance
Demand for all things stay-at-home may be over: Goldman Sachs
New data suggests life is getting back to some form of normal after the worst of the COVID-19 pandemic.
- Motley Fool
3 Top Dividend Stocks for a Better Retirement
The U.S.-China trade war, the COVID-19 pandemic, and the unrest across America have likely caused significant worry for many retirees who rely on their investment portfolios for stable income. Today, we'll examine three top Dividend Aristocrats that can still offer retirees stability through this volatile time period for the market: Procter & Gamble (NYSE: PG), Kimberly-Clark (NYSE: KMB), and Coca-Cola (NYSE: KO).
- Zacks
Casey's (CASY) to Report Q4 Earnings: What's in the Cards?
The coronavirus outbreak-induced stay-at-home orders and social distancing are likely to have impacted Casey's fourth-quarter top-line performance.
- Zacks
Ford Restores Mustang Mach 1, Inks Battery Deal With BYD
Ford's (F) China JV with Changan Automobile plans to roll out a hybrid car model with batteries built by the Chinese battery maker BYD Co Ltd.
- Zacks
Volkswagen to Pump $2.3B Into China EVs, Closes Argo AI Deal
Volkswagen (VWAGY) is set to invest $2.3 billion in two China-based EV players. Further, it revs up AV drive by closing $2.6-billion investment in Argo AI.
- Motley Fool
Why BJ’s Warehouse Club Stock Jumped 37% in May
Booming sales growth suggests the regional warehouse retailer might be winning market share from its larger peers.
- Business Wire
Newell Brands to Webcast Fireside Chat at the dbAccess Global Consumer Virtual Conference
Newell Brands Inc. (NASDAQ: NWL) announced today that President and Chief Executive Officer, Ravi Saligram, and Chief Financial Officer and President, Business Operations, Christopher Peterson, will participate in a fireside chat at the dbAccess Global Consumer Virtual Conference at 1:00 PM EDT (7:00 PM CEST) on Wednesday, June 10, 2020.
- Zacks
U.S. Auto Sales Recover in May: Can Carmakers Bounce Back?
The jump in May was primarily because automotive firms embraced online sales and historically generous incentives to lure people into buying new vehicles.
- Motley Fool
Here Are My Top 3 High-Yield Dividend Stocks to Buy Now
High-yield dividend stocks can help you generate a bountiful cash income stream from the stock market. Here are three outstanding dividend stocks that offer a rare wealth-building combination of low risk, attractive yields, and intriguing growth potential. Infrastructure lends itself well to the payment of dividends.
- Yahoo Finance
Netflix, Disney join other big brands in support of George Floyd protests on 'Blackout Tuesday'
Hollywood is voicing its support for the Black Lives Matter movement amid ongoing protests over the death of George Floyd.
- Reuters
GM should emerge from pandemic with permanently lower costs: CEO
General Motors Co <GM.N> should emerge from the coronavirus pandemic with a permanently reduced cost base after it scrambled to reduce its cash burn to withstand a two-month shutdown in North American production as part of efforts to halt the spread of COVID-19, its top executive said on Tuesday. "We were quickly able to take out significant costs and we are being very conservative about what costs we turn back on," Chief Executive Officer Mary Barra said during an investor event with Credit Suisse. "I believe we will come out of this with a lower cost structure that is permanent."
- Reuters
U.S. auto sales in May encourage Detroit plan to rebuild inventories
Several automakers on Tuesday reported stronger-than-expected May sales in the United States, and the Detroit automakers said they will work through their annual summer shutdowns to rebuild inventories as demand recovers from coronavirus shutdowns. The U.S. auto sector has reopened assembly plants following the shutdown and automakers that reported May sales said they saw signs of recovery in consumer demand. Toyota Motor Corp, said overall U.S. sales fell about 26% in May, but retail demand rebounded to 86% of levels in May 2019, exceeding the company's forecasts.
- Reuters
GM, Ford join U.S. companies condemning George Floyd death, racism
In a letter to employees, GM Chief Executive Officer Mary Barra wrote she was "impatient and disgusted" following the death of Floyd and emphasized the need to "individually and collectively" drive change. The No.1 U.S. automaker shared Barra's letter, sent to its staff on Saturday, with thousands of dealers and suppliers. Barra also said she was commissioning an inclusion advisory board at the company.
- Zacks
The Zacks Analyst Blog Highlights: Apple, Verizon Communications, PayPal, BP and General Electric
The Zacks Analyst Blog Highlights: Apple, Verizon Communications, PayPal, BP and General Electric
- Zacks
The Zacks Analyst Blog Highlights: Exxon Mobil, Verizon Communications, Chevron, Pfizer and 3M Company
The Zacks Analyst Blog Highlights: Exxon Mobil, Verizon Communications, Chevron, Pfizer and 3M Company
- Reuters
GM to work closely with CATL in its China EV push: executive
General Motors <GM.N> will "work very closely" with Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd (CATL) <300750.SZ> as it ramps up electric production in the world's biggest auto market, a senior executive said. The Detroit automaker said in March it would invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk's Tesla Inc <TSLA.O> in the sector. "We have already established a good working relationship and supply agreement with CATL," said Julian Blissett, GM's China president.
- MarketWatch
U.K. car sales plunge 89% in May
U.K. car sales fell 89% in May compared to the prior year period, according to the Society of Motor Manufacturers & Traders. According to the SMMT, 20,247 cars were registered in the month, as "click and collect" services, allowed from mid-month, saw some movement in the market. Car dealerships were permitted to reopen on June 1. The Tesla Model 3 was the top selling vehicle with 852 sales, the second month in a row Tesla came on top. For the year, the Ford Fiesta is the top selling vehicle.
- SmarterAnalyst
Costco Reports May Sales Jump; Top Analyst Says Stock ‘Best Positioned’ For Current Crisis
Costco Wholesale (COST) has reported impressive sales for the retail month of May. Comparable sales rose 9.7% (excluding the impacts from change in gasoline prices and foreign exchange), easily beating the consensus estimate of 4.5%.Specifically, the company reported $12.55 billion in net sales for the four weeks ended May 31, 2020 versus $11.67 billion last year.For the thirty-nine weeks ended May 31, 2020, the company reported net sales of $120.19 billion, an increase of 7.7% from the $111.56 billion made during the similar period last year.Notably, comparable e-commerce sales shot up by 108.1% over the four weeks, and 38.1% over the last 38 weeks. Meanwhile, the US recorded a 9.2% sales jump for May, with Canada at 4.9% and ‘Other International’ at 17.9%.RBC Capital analyst Scot Ciccarelli was pleased by the results, writing: “In addition to what we view as relatively solid comp results, the company’s e-commerce efforts continue to bear fruit, as sales in the channel more than doubled during May… likely due to more online grocery shopping amid Covid-19 fears.”He believes that Costco continues to be one of the best positioned among his coverage to overcome the current crisis due to their heavy food/consumable offerings and ‘investment in value.’“With what we view as a huge competitive advantage (buying better and working on a lower mark-up than almost any other company) and attractive defensive characteristics in a weakening economic environment, we remain buyers of COST shares” the analyst concludes. Ciccarelli’s COST buy rating comes with a $348 price target (13% upside potential).Overall, analysts have a cautiously optimistic take on Costco with a Moderate Buy consensus made up of 13 recent buy ratings and 7 holds. The average analyst price target stands at $332 (8% upside potential). Shares are currently trading up 4% year-to-date. (See COST stock analysis on TipRanks).Related News: Zoom Lifts Full-Year Sales Guidance As Quarterly Revenue Balloons 169% Billionaire Ackman Exits Berkshire Hathaway, Blackstone To Fund Opportunities Amazon Leases 12 Boeing Cargo Aircraft To Meet Online Orders Surge More recent articles from Smarter Analyst: * Inovio Suing Suppliers Over Covid-19 Vaccine Production * S&P; Cuts American Airlines’ Credit Rating To 'B-' from 'B' On Cash Flow Deficit Concern * FedEx Adding Temporary Surcharges As Covid-19 Pressures Mount * Uber CEO Reveals Pickup In May Rides As Covid-19 Restrictions Ease
