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☆ These global and U.S. stocks are set to soar further after a strong first half, analysts say
▼ + stars: | 2023-07-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Among global stocks, Japan was the top performer, with shares up over 16% year-to-date at the mid-year, according to data compiled by Julius Baer, while European stocks gained 7.47%. All of the stocks have a buy rating from at least 60% of analysts covering them. They are also well-loved by analysts, with a more-than 70% buy rating and over 30% potential upside. Baidu also appears on CNBC Pro's screen, with 32% potential upside and a 74% buy rating. Super Hi, the international operator of the wildly popular Chinese hotpot chain Haidilao, also has among the highest potential upside at 51%.

Persons: Julius Baer, Buffett, Morgan Stanley, bullish Organizations: CNBC Pro, Chrysler, Baidu, CNBC, Warner Bros Discovery, MGM Resorts, Caesars Entertainment Locations: Japan, China, Swiss

☆ Jeep-maker Stellantis is offering buyouts to some of its most senior employees — and blaming it on EVs
▼ + stars: | 2023-04-26 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Stellantis is offering thousands of employees buyout packages, The Wall Street Journal reported. The move comes weeks after crosstown rival General Motors offered employees buyouts. The salaried employees getting the offers have 15 or more years of experience, according to the Journal. In the memo, Stewart attributed the move to the EV transition, writing, "The competition is fierce, and the cost of electrification cannot be passed on to the customer," The Wall Street Journal reported. Stellantis last offered buyouts to salaried US employees last fall.

☆ EV tax credits 2023: Which models are eligible for up to $7,500 in tax credits?
▼ + stars: | 2023-04-17 | by ( Ella Nilsen | ) edition.cnn.com time to read: +7 min

Under the new rule, consumers can get up to $7,500 back in tax credits on eligible cars. Which models are eligible for the new EV tax credit? Nine models, mostly from foreign brands including Hyundai and Nissan, do not qualify for the new tax credit. Under the new rule, consumers can get up to $7,500 in tax credits on eligible cars. Which countries can the materials come from under the new EV tax credit rule?

☆ General Motors' China business is hurting, and it's not just because of Covid
▼ + stars: | 2023-03-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

He purchased his Nio over models from rival Chinese automakers Xpeng , Li Auto and IM Motors. GM's operations in the country are much larger than those of its crosstown rival Ford Motor, for example. Equity income from GM's Chinese operations and joint ventures has fallen 67% since its peak of more than $2 billion in 2014 and 2015. And the rising quality of domestic-made electric vehicles helped support — and tap — growing nationalistic pride among China's consumers. In February, Ford named Sam Wu, a former Whirlpool executive who joined the automaker in October, as president and chief executive of its China operations, starting March 1.

☆ Stocks making the biggest moves midday: Palo Alto Networks, Coinbase, Dick's Sporting Goods, Amazon and more
▼ + stars: | 2023-02-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Coinbase — Shares of the cryptocurrency exchange fell 5% even after Coinbase reported a smaller-than-expected loss for the fourth quarter. Palo Alto Networks — The software company's stock gained more than 11% after its fiscal second-quarter earnings and revenue beat analysts' estimates. Wingstop — Wingstop shares jumped 8% after topping analysts' estimates for the recent quarter, according to FactSet. Baidu — U.S.-listed shares of the Chinese tech company fell more than 3%, despite Baidu topping revenue estimates for the recent quarter. Wix.com — Shares of the website developer company surged nearly 14% after beating analysts' estimates for the fourth quarter, according to FactSet.

Palo Alto Networks' forecast for fiscal third-quarter adjusted earnings also beat expectations. Coinbase - Shares of the cryptocurrency exchange rose more than 1% after Coinbase reported a smaller-than-expected loss for the fourth quarter. Toll Brothers — Shares of the homebuilder rose more than 2% on the back of better-than-expected fiscal first-quarter results. The company reported consolidated revenue of $1.31 billion, a 6% decrease compared to the prior year quarter, and earnings per share of $1.35. Analysts served by StreetAccount had expected a $1.3 billion in revenue and earnings per share of $1.19.

☆ 10 auto industry predictions for investors to keep an eye on this year
▼ + stars: | 2023-01-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Cox has 10 predictions for the U.S. auto industry this year that point to such an outcome. "This is actually where we think the majority of growth will be in new vehicle sales in '23," Smoke said. Cox forecasts U.S. new vehicle sales will be 14.1 million in 2023, a slight increase from nearly 13.9 million last year. New vehicle inventory levels will continue to increaseExpectations for lower demand come as the automotive industry is slowly increasing its production of vehicles, leading to higher inventory levels. Inventory levels the past two years were at record lows due to supply chain and parts problems affecting production.

☆ Tesla, Volkswagen, and GM might be using metal from factories linked to forced Uyghur labor, researchers say
▼ + stars: | 2022-12-09 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Major car makers are at high risk for exposure to forced Uyghur labor, according to new research. The alleged use of forced labor could disrupt efforts to ethically decarbonize the global supply chain. Other industries, like solar panel manufacturers, have recently been revealed to have similar ties to Uyghur labor. "We reject forced labor and all forms of modern slavery including human trafficking," said Volkswagen. A Honda spokesperson told Insider that it "expects our suppliers to follow our Global Sustainability Guidelines with respect to labor."

☆ Auto giant Stellantis looks to Australian materials, including nickel, for its EVs
▼ + stars: | 2022-10-11 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +2 min

In this article STLA Follow your favorite stocks CREATE FREE ACCOUNTThis image, from July 2021, shows a Citroen e-C4 electric vehicle on display at a showroom in Paris, France. Benjamin Girette | Bloomberg | Getty ImagesStellantis is turning to Australia as it looks to procure the materials needed for its electric vehicle strategy in the years ahead. "Securing the raw material sources and battery supply will strengthen Stellantis' value chain for electric vehicle battery production," Maxime Picat, chief purchasing and supply chain officer at Stellantis, said. Stellantis' electric vehicle plans put it in competition with firms such as Elon Musk's Tesla as well as companies like Volkswagen , Ford and GM . According to the International Energy Agency, electric vehicle sales are on course to hit an all-time high this year.

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