#CSuite New York Life Investment Management's Chief Operating Officer Kirk Lehneis Appointed President Of MainS… http://bit.ly/2k9c2us
— Muzaffaruddin Alvi (@Muzaffar1969) September 29, 2017
//platform.twitter.com/widgets.js
Featured Post
Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA)
Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA) Please click the li...
Showing posts with label 2017 at 04:48AM. Show all posts
Showing posts with label 2017 at 04:48AM. Show all posts
Saturday, September 30, 2017
#CSuite New York Life Investment Management’s Chief Operating Officer Kirk Lehneis Appointed President Of MainS… http://bit.ly/2k9c2us
Friday, September 29, 2017
#CSuite Mark Rizzuto appointed CEO of Livn – TravelDailyNews Asia-Pacific http://bit.ly/2xBKt2o
#CSuite Mark Rizzuto appointed CEO of Livn – TravelDailyNews Asia-Pacific http://bit.ly/2xBKt2o
— Muzaffaruddin Alvi (@Muzaffar1969) September 28, 2017
//platform.twitter.com/widgets.js
Monday, June 26, 2017
Twitter Community Management Dashboard | Twitter Marketing Tool
200) && (this.width >= this.height) ? 200: true); max-height: 200px; height: expression((this.height > 200) && (this.height >= this.width) ? 200: true); border: none;’/>Easy Twitter Management – The Leading Twitter Community Manager. Grow followers & manage multiple profiles with Commun.it, the leading Community & Relationship manager. Join free, today.
posted by friends:
(3)
(3)
@daviddoughty: Thanks for the recent follow @AndresCarboA @GuzovLLC @EmilioMoranAxa Happy to connect 
have a great Sunday. ��http://ift.tt/2bseYJK;
have a great Sunday. ��http://ift.tt/2bseYJK;
@paogutierrezv: Thanks for the recent follow @AndresCarboA @GuzovLLC @EmilioMoranAxa Happy to connect have a great Sunday. ��http://ift.tt/2bseYJK;
have a great Sunday. ��http://ift.tt/2bseYJK;
@James_M_Kerr: Thanks for the recent follow @CraftlogicJobs @LDguyMN @whiterabbitnews Happy to connect have a great Sunday. ��http://ift.tt/2bseYJK;
have a great Sunday. ��http://ift.tt/2bseYJK;posted by followers of the list:
(0)
(0)
VĂa All News on ‘The Twitter Times: Muzaffar69/corpgov’ http://ift.tt/2kAY1EN
Monday, June 12, 2017
Self-learning robot hands
http://ift.tt/eA8V8J
A new system that learns how to grasp objects has been developed by a team of researchers.
June 12, 2017 at 04:35AM
from
Language Development and Distributed AI
Friday, June 9, 2017
Comey says New York Times story about contacts between Russians and Trump campaign officials was inaccurate
June 09, 2017 at 04:44AM
from
Exit poll: Nicola Sturgeon set to lose 22 MPs including Angus Robertson after indy ref 2 backlash
June 09, 2017 at 04:40AM
from Simon Johnson
Mongolia Banks Balance Sheet
Banks Balance Sheet in Mongolia increased to 25197742.10 MNT Million in April from 25173557.40 MNT Million in March of 2017. Banks Balance Sheet in Mongolia averaged 12893610.61 MNT Million from 2008 until 2017, reaching an all time high of 25338363.60 MNT Million in December of 2016 and a record low of 3295107.90 MNT Million in January of 2008. This page provides – Mongolia Banks Balance Sheet – actual values, historical data, forecast, chart, statistics, economic calendar and news.
June 09, 2017 at 04:43AM
from Bank of Mongolia
GOP Takes Aim At A Consumer Protection Agency And Post-Collapse Bank Regulations
http://ift.tt/eA8V8J
The House passed a bill intended to gut Dodd-Frank financial protections that were passed in the wake of the Great Recession. As part, they would neuter the Consumer Financial Protection Board.
June 09, 2017 at 04:40AM
from Erik Sherman, Contributor
Monday, June 5, 2017
Lawmakers try to pair school finance and taxes together in effort to escape Topeka – Kansas City Star
Kansas City Star |
Lawmakers try to pair school finance and taxes together in effort to escape Topeka
Kansas City Star The latest attempt to dismantle Gov. Sam Brownback’s tax cuts has been paired with a new school finance formula the Kansas Supreme Court has demanded from state lawmakers. The idea came to life Sunday on the 107th day of the Kansas Legislature’s … Lawmakers remain at stalemate on school financeThe Garden City Telegram House, Senate to close gaps between their school finance plansHutchinson News From the Capitol: School finance updatePratt Tribune |
June 05, 2017 at 04:40AM
from
Sunday, June 4, 2017
‘An environment is created that it’s correct to kill Zuma’- deputy finance minister – News24
News24 |
‘An environment is created that it’s correct to kill Zuma’- deputy finance minister
News24 KwaZulu-Natal – Deputy Finance Minister Sifiso Buthelezi on Friday said President Jacob Zuma was being demonised in the same way that Chris Hani was ahead of his assassination, and those behind this move want to make sure that his removal becomes … White-owned businesses the ‘biggest tenderpreneurs’ – deputy finance ministerCitizen |
June 04, 2017 at 04:37AM
from
Thursday, June 1, 2017
WholeBoardDevelopmnt retweeted: CPA’s Alex Malley’s big pay revealed, chairman stands down buff.ly/2rV5MsY #execpay #corpgov
|
|
WholeBoardDevelopmnt retweeted:
CPA’s Alex Malley’s big pay revealed, chairman stands down buff.ly/2rV5MsY #execpay #corpgov
June 01, 2017 at 04:31AM
https://twitter.com/WholeBoardDev/status/870057978816344064
from WholeBoardDevelopmnt
Chris Bennett retweeted: CPA’s Alex Malley’s big pay revealed, chairman stands down buff.ly/2rV5MsY #execpay #corpgov
|
|
Chris Bennett retweeted:
CPA’s Alex Malley’s big pay revealed, chairman stands down buff.ly/2rV5MsY #execpay #corpgov
June 01, 2017 at 04:31AM
https://twitter.com/chrisbennett78/status/870057047957659649
from Chris Bennett
Corporate Governance retweeted: CPA’s Alex Malley’s big pay revealed, chairman stands down buff.ly/2rV5MsY #execpay #corpgov
|
|
Corporate Governance retweeted:
CPA’s Alex Malley’s big pay revealed, chairman stands down buff.ly/2rV5MsY #execpay #corpgov
June 01, 2017 at 04:31AM
https://twitter.com/ToGovern/status/870056632537030657
from Corporate Governance
Thursday, May 11, 2017
Auto Sector Grapples with Safety Recalls, Softening U.S. Sales
Strong sales in all major markets have been a boon for the auto sector lately. However, there are certain challenges like high expenses related to auto recalls. The rate of sales growth in the U.S. and Europe is also on the decline.
While there are several positives such as low gas prices, record U.S. sales and impressive China sales, there are also a number of factors that raise caution in the short and the long term. Below, we discuss some of the key challenges that the auto sector might face in the coming months.
Safety Recall Expenses
Safety recalls and related costs have turned out to be a major issue for most automakers. Per the U.S. Transportation Department, automakers recalled 53.2 million vehicles in the U.S. in 2016, setting a new record. In total, automakers announced nearly 927 recalls for safety issues in 2016, which is another record high.
The previous record for both the number of recalls and vehicles recalled was set in 2015, when automakers announced 900 recalls covering 51.1 million vehicles. Notably, these figures only cover the recalls in the U.S. — the global numbers are much higher.
Auto recall figures for 2017 are also expected to be high due to the defective Takata airbag inflators, which resulted in significant recalls between 2014 and 2016. The U.S. regulators expect recalls to eventually affect roughly 42 million vehicles in the country, with nearly 70 million Takata air bag inflators. This also marks the largest auto recall in the U.S.
Meanwhile, Volkswagen AG’s (VLKAY) emission scandal is responsible for a significant number of recalls. However, these are not included in the figures issued by the NHTSA as emission-related problems fall under standard violation and not safety. Recently, the EPA accused Fiat Chrysler (FCAU) of using software to manipulate emissions in vehicles that would have otherwise violated the Clean Air Act. This may again lead to a large number of recalls.
Strict regulatory implementation by the government and high fines imposed in recent years on many automakers for delay in reporting safety issues prompted many companies to proactively announce safety recalls. Recall-related repair costs increase the financial burden of auto manufacturers. A massive recall can also hurt sales as consumers start questioning the brand’s safety.
U.S.Sales Set to Plateau
Following two years of record volumes, most analysts believe that U.S. auto sales are likely to hit a plateau. Sales are expected to be significantly high this year but lower than 2016.
Pent-up demand from the Great Recession, which drove sales in the last few years, seems to have been satisfied. Moreover, with several rate hikes planned by the Fed, interest rate on auto loans may rise. This will have a direct impact on sales volume. U.S. auto sales in the first quarter of 2017 were the lowest first-quarter sales since 2009.
Risk of Border Tax
President Trump is planning to impose taxes as high as 35% on import of Mexico-made vehicles. While the policy is aimed at encouraging production in the U.S., most automakers have been producing a significant proportion of their vehicles in Mexico to advantage from lower costs for long. This allows them to reduce the cost of production, which ensures profitability of low-margin vehicle segments. A hefty border tax may force these automakers to reduce or completely stop production in Mexico, which can affect their bottom lines.
Slower Sales Growth in Europe
Although the European auto market is recovering, it is expected to witness slower growth this year. Per the European Automobile Manufacturer’s Association, car sales growth in 2017 is expected to slow down to 1%, compared to 6.8% growth witnessed in 2016. Uncertainty related to macro-economic conditions and political developments remain in the region.
Declining Used Car Prices
Used car prices have been declining in the U.S. The NADA Used Car Guide’s used car index has been falling consistently over the last few months, with an exception in March. In 2017, prices are expected to decline 6% year over year.
This has been supported by a large number of leased cars coming off of the lease, increasing the supply of used cars. A fall in the price of used cars will lead to a decline in the demand for new cars. Moreover, automakers may need to offer further incentives to boost new car sales.
Alternately, for companies such as CarMax Inc. (KMX), dealing primarily in used cars, decline in the average selling price is expected to affect revenues.
Rising Delinquency Rates
Auto loans have been rising consistently over the last few years, touching a record $1.16 trillion in 2016, per the Federal Reserve Bank of New York. While this rise in loans has been driving auto sales, consumers with the riskiest credit profiles saw the highest growth. This has led to a significant rise in auto loan delinquencies. For loan providers, as bad debts increase, the loans provided will also decline, affecting demand for vehicles.
Market Share Concentration
The majority share of the automobile market is held only by a few leading automakers. This makes the automobile sector highly competitive. The top 10 global automakers account for nearly 81% of total vehicles sold, according to marketrealist.com.
Moreover, high dependence on these automakers makes auto parts’ suppliers vulnerable to pricing pressure and production cut. Pricing pressure from automakers constricts margins of parts suppliers. Simultaneously, frequent production cuts by automakers to cope with market adjustments affect suppliers’ operations.
Some auto industry suppliers that are dependent on a few major automakers are Meritor Inc. (MTOR), Tenneco Inc. (TEN) and Magna International Inc. (MGA). The full list can be seen in this auto supplier page: http://ift.tt/1VCi15r
Bottom Line
The auto industry continues to face a number of challenges. As a result, we would advise investors to dump stocks with a Zacks Rank #5 (Strong Sell) such as Autoliv, Inc. (ALV), Mazda Motor Corp. (MZDAY) and Aisin Seiki Co. Ltd. Unsponsored ADR (ASEKY).
Meanwhile, investors who continue to be optimistic about the sector can check out companies like Cummins Inc. (CMI), Fox Factory Holding Corp (FOXF) and GKN plc (GKNLY).
Cummins has an expected long term earnings per share growth rate of 9.8%. It recorded average earnings beat of 14.5% over the last four quarters. Cummins carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fox Factory sports a Zacks Rank #1. The company has an expected earnings growth rate of around 16.6% for the long term. Fox Factory has a positive average surprise of 13.8% for the last four quarters.
GKN has a Zacks Rank #2 (Buy) and a long-term growth rate of 6.3%.
Check out our latest Auto Industry Outlook here for more on the current state of this market from an earnings perspective, and how the trend is looking for this important sector of the economy now.
Zacks’ Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks’ private buys and sells in real time from value to momentum…from stocks under $10 to ETF to option movers…from insider trades to companies that are about to report positive earnings surprises (we’ve called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.Click here for Zacks’ secret trade>>
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
Tenneco Inc. (TEN): Free Stock Analysis Report
Mazda Motor Corporation (MZDAY): Free Stock Analysis Report
Meritor, Inc. (MTOR): Free Stock Analysis Report
Magna International, Inc. (MGA): Free Stock Analysis Report
Gkn PLC (GKNLY): Free Stock Analysis Report
Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report
Cummins Inc. (CMI): Free Stock Analysis Report
Aisin Seiki Co. Ltd. Unsponsored ADR (ASEKY): Free Stock Analysis Report
Autoliv, Inc. (ALV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
May 11, 2017 at 04:42AM
from Zacks Equity Research
Subscribe to:
Posts (Atom)