This week is a big news week for auto investors. Now that General Motors Co. (ticker: GM) and Ford Motor Co. (F) have reported mixed second-quarter earnings, investors are focusing their attention on Tesla Inc (TSLA) ahead of its Model 3 media event on Friday and its earnings report on Aug. 2.
Ford Motor Co. (ticker: F) topped Wall Street expectations with $2 billion in profit in the second quarter and raised its full-year guidance on Wednesday morning. However, shares dipped more than 2.3 percent in early trading as investors remain cautious on the U.S. auto giant in a softening auto market.
Apple, Inc. (ticker: AAPL), the world’s most valuable public company, is set to report its third-quarter earnings on Aug. 1 after the market close. While forward guidance is always important for investors, Apple’s guidance ahead of its highly-anticipated iPhone 8 launch will likely overshadow its third quarter numbers.
General Motors Co. (ticker: GM) stock traded slightly higher on Tuesday morning after the company reported declining revenue and profits in the second quarter. While GM beat analyst expectations on earnings, the company still faces an uncertain future in a softening auto market.
Walt Disney Co (ticker: DIS) stock has lagged the Standard and Poor’s 500 index so far in 2017 as the company struggles to adapt to a changing television market.
Shares of toymaker Hasbro, Inc. (ticker: HAS), maker of the iconic Monopoly board game, Easy-Bake Ovens and other brands, immediately fell 8 percent after the company reported earnings and revenue beats in the second quarter.
The next generation of technological advancement will be focused heavily on unlocking the power of artificial intelligence. But investors who are looking to profit off of the AI boom don’t necessarily need to be looking for early-stage tech companies developing cutting-edge AI software.
General Electric Co. (GE) reported earnings and revenue that topped Wall Street’s expectations on Friday morning, but both numbers were down significantly from a year ago. GE stock, which has lagged the market over the past decade, traded lower by more than 4 percent in early trading.
Microsoft Corporation (ticker: MSFT) closed out its fiscal 2017 year on Thursday by reporting fourth-quarter revenue and earnings beats. Microsoft’s transition to a subscription-based cloud services compay appears to be going smoothly, with the tech giant reporting strong growth numbers in key segments.
Philip Morris International Inc. (ticker: PM) shares dipped more than 2 percent in early Thursday trading after the international tobacco giant reported disappointing second-quarter earnings and another quarter of declining cigarette sales volumes.