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Cars.com Chief Analyst Jesse Toprak: 'There Is A High Correlation Between The Stock Market And New-Vehicle Sales'
Tuesday, December 2, 2014 - 3:31pm | 100Read More...Jesse Toprak, chief analyst for Cars.com, told Benzinga that there has always a “very high” correlation between the stock market and new-vehicle sales. “The correlation between the S&P 500 and the SAAR for new-car sales is a staggering 78 percent,” he said. Toprak...
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AutoTrader.com Senior Analyst Michelle Krebs On General Motors November Sales: 'Strong Across The Board'
Tuesday, December 2, 2014 - 3:24pm | 111Read More...Speaking on a conference call Tuesday morning, AutoTrader.com Senior Analyst Michelle Krebs said that General Motors Company (NYSE: GM) sales for the month of November look “strong across the board.” She explained that low gas prices had a large impact when looking at sales of...
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AutoTrader.com Senior Analyst Michelle Krebs Says December Will Be A 'Huge' Month For Luxury Cars
Tuesday, December 2, 2014 - 3:04pm | 59Read More...Autotrader.com Senior Analyst Michelle Krebs said on a conference call Tuesday morning that automotive shopping patterns for the third quarter show the luxury car market is “booming.” She explained that December is a “huge” luxury car month, especially if third-quarter...
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Goldman Sachs Lists 9 Sectors Benefiting From Falling Oil Prices
Tuesday, November 18, 2014 - 11:40am | 369Read More...David Kostin of Goldman Sachs published a report last week titled "Denial, Anger And Acceptance of Lower Oil Prices." "Investors are still stunned by the 30 percent plunge in oil prices since June," Kostin wrote. "Everyone has come to accept the idea that crude prices...
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What's An IPO Mean For Ferrari?
Wednesday, November 5, 2014 - 5:23pm | 1188Read More...Last week, Fiat Chrysler Automobiles NV (NYSE: FCAU) announced that it would be conducting an initial public offering of its luxury sports car brand, Ferrari. The announcement comes just a month after General Motors Company (NYSE: GM) decided to break off its own luxury brand, Cadillac, and...
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Are Automakers Severing Ties With Tesla?
Friday, October 31, 2014 - 9:25am | 1006Read More...Last week, two big automakers announced they were pulling back on their relationship with Tesla Motors Inc (NASDAQ: TSLA). Daimler AG (OTC: DDAIY) announced on October 21 that it was both terminating its share-price hedge and selling its stake in the company, while Reuters reported and later...
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Morgan Stanley Predicts Death Of Auto Industry; Analysts Respond
Friday, October 24, 2014 - 1:57pm | 1129Read More...Earlier this month, Morgan Stanley (NYSE: MS) released an analysts' note titled "Death of an Auto Analyst" that outlines what it calls an enormous shift in covering the auto industry. The analysts state that they can no longer simply review "monthly sales, pension accounting...
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Why Selling Used Cars Could Work For Tesla Motors Inc
Thursday, October 9, 2014 - 1:56pm | 747Read More...Can’t afford a new car from Tesla Motors Inc (NASDAQ: TSLA)? No worries, the automaker will soon be selling used versions of its Model S. Ahead of the automaker's unveiling event planned for 7 p.m. PT on Thursday, Automotive News reported that Tesla is developing its own certified pre...
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Why Tesla Motors Inc Isn't A Car Company
Wednesday, October 8, 2014 - 12:13pm | 667Read More...Alternative investment practitioner and ValueWalk author Mark Melin says that there has always been algorithmic trading in the stock of Tesla Motors Inc (NASDAQ: TSLA). He was referring to a trading system that Investopedia defines as using advanced mathematical models for making transaction...
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5 Analyst Theories On The Tesla Motors Inc 'D' Tweet
Friday, October 3, 2014 - 8:01am | 839Read More...On Wednesday night, Tesla Motors Inc (NASDAQ: TSLA) CEO Elon Musk sent out a tantalizing tweet that sent its shares up and journalists into a frenzy. The tweet is accompanied by an image of a garage door opening on a car, but only the bottom half of the car is visible. Benzinga reached out to...
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What To Expect From Mary Barra's Plan For General Motors Company
Wednesday, October 1, 2014 - 9:03am | 975Read More...TIME Magazine recently previewed its cover for its October 6 issue, featuring General Motors Company (NYSE: GM) CEO Mary Barra with the headline: “The Mechanic: CEO Mary Barra’s plan to fix General Motors.” At 10:30 a.m. ET, GM will host a conference call with CEO Mary Barra...
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Ford Reports Record 3Q Profit, Fueled in Part by Strong Results in North America
Thursday, October 24, 2013 - 1:44pm | 387Read More...Another good quarter for Ford (NYSE: F). The auto-maker reported a record 3Q pre-tax profit of $2.6 billion early Thursday; data it says reflects continued strong performance in North America and reduced losses in Europe. Pre-tax profit for the quarter was $426 million higher than the same time...
