Morning Movers Gapping up $NVIDIA (NVDA.US)$'s stock increased by 2.26% amid reports of the company developing AI chips for China that comply with U.S. export restrictions. $Tesla (TSLA.US)$'s stock gained 2.09% after Elon Musk revealed plans for low production of humanoid robots for internal use in the next year. $Goodyear Tire & Rubber (GT.US)$'s share price went up by 0.83% after they announced the sale of their Off-the-Roa...
Morning Movers Gapping up $Taiwan Semiconductor (TSM.US)$'s shares grew by 2.53% as the company reported a substantial 32% surge in second-quarter revenue compared to the previous year. $Microsoft (MSFT.US)$stock witnessed a 0.4% uplift after the tech giant indicated a willingness to forfeit its observation seat on the board of OpenAI, amidst increasing regulatory examination of generative artificial intelligence in the U.S. an...
Investors fear that Goodyear Tire & Rubber Company may not significantly boost its revenues, explaining its lower P/S ratio. For a rise, there would need to be a positive shift in the company's revenue fortune.
Analyst Emmanuel Rosner believes Goodyear is set to start a new chapter with a credible operational turnaround plan, strategic portfolio optimization, and upcoming new leadership. These changes are expected to help close the profit-gap with its competitors.
Paul Singer's Elliott Investment Management initiated an overhaul review of Goodyear, proposing stock price could go back to its 2000 level. CEO Kramer asserts Goodyear's positioning needs change amidst rising costs and competition, especially from global EV entrants and low-cost tires from Asia.
Despite a year-on-year gain of 4.2%, Goodyear's performance fell short of the market average. However, shareholders are slightly hopeful as the business seems to be stabilizing, although long-term share price still paints a dreary picture.
News Highlights $Tesla (TSLA.US)$shares fell by 1.47%, closing at $262.59. Its options trading volume is 2.21 million. Call contracts account for 59.4% of the whole trading volume. The most traded calls are contracts of $270 strike price that expire on September 22nd. The total volume reaches 91,775 with an open interest of 9,484. The most traded puts are contracts of a $265 strike price tha...
Goodyear Tire & Rubber Stock Forum
701M deal with Sumitomo, Goodyear will produce tires for Dunlop in Europe for 2025. Target price set at 10.2 🫡
Gapping up
$NVIDIA (NVDA.US)$ 's stock increased by 2.26% amid reports of the company developing AI chips for China that comply with U.S. export restrictions.
$Tesla (TSLA.US)$ 's stock gained 2.09% after Elon Musk revealed plans for low production of humanoid robots for internal use in the next year.
$Goodyear Tire & Rubber (GT.US)$ 's share price went up by 0.83% after they announced the sale of their Off-the-Roa...
Gapping up
$Taiwan Semiconductor (TSM.US)$ 's shares grew by 2.53% as the company reported a substantial 32% surge in second-quarter revenue compared to the previous year.
$Microsoft (MSFT.US)$ stock witnessed a 0.4% uplift after the tech giant indicated a willingness to forfeit its observation seat on the board of OpenAI, amidst increasing regulatory examination of generative artificial intelligence in the U.S. an...
$Tesla (TSLA.US)$ shares fell by 1.47%, closing at $262.59. Its options trading volume is 2.21 million. Call contracts account for 59.4% of the whole trading volume. The most traded calls are contracts of $270 strike price that expire on September 22nd. The total volume reaches 91,775 with an open interest of 9,484. The most traded puts are contracts of a $265 strike price tha...
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