Mobileye Global Stock (NASDAQ:MBLY), Trade Ideas

Mobileye Global

Mobileye Global Inc engages in the development and deployment of ADAS and autonomous driving technologies and solutions. It is building a portfolio of end-to-end ADAS and autonomous driving solutions to provide the capabilities needed for the future of autonomous driving, leveraging a comprehensive suite of purpose-built software and hardware technologies. Mobileye is the Company's only reportable operating segment. Its solutions comprise Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, Mobileye Drive, Self-Driving System & Vehicles. It also provides data services to Expedite Maintenance Operations with AI-Powered Road Survey Technology.

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Corporate profit growth rose in Q3 2023 and is expected to continue in Q1.

Can Magnificent 7 Help Script Market Turnaround? Earnings Pick Up Pace With Microsoft, Meta, Alphabet And Tesla Expected This Week

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Mobileye (MBLY) stock up 4.22% on reports of 46 million EyeQ6 Lite chip orders from global clients like Volkswagen and Porsche.

What&#39;s Going On With Mobileye Global Stock Wednesday?

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Israel-related stocks and exchange-traded funds (ETFs) are suffering as investors shy away from the Middle Eastern country over fears of escalating conflict with Iran.

Iran&#39;s Revenge Promise Against Israel Is Taking Down Its Stock Market — But Large Tech Companies Appear Immune

Mobileye Global Inc. - Class A Common Stock

Mobileye Global Inc

As the <a href="https://www.benzinga.com/news/large-cap/24/04/38342737/nasdaq-100-notches-worst-day-since-late-2023-worst-week-since-late-2022-as-ai-driven-chipmakers-tu">market runs into rough weather,</a> the importance of the upcoming week&#8217;s earnings cannot be emphasized enough. A lot is riding on the earnings reports of companies like Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (GOOG).
The Season So Far: The percentage of S&amp;P 500 companies that have reported positive earning surprises and the magnitude of earnings surprises are at or above their 10-year averages, <a href="https://insight.factset.com/sp-500-earnings-season-update-april-19-2024?utm_source=Direct&amp;utm_medium=Email&amp;utm_campaign=FO-04-19-2024&amp;utm_content=httpsinsightfactsetcomsp500earningsseasonupdateapril192024">said</a> FactSet in its report released Friday. That said, substantial downward revisions to earnings per share (EPS) estimates of two healthcare companies have led to a decline in earnings growth over the past two weeks.
The combined earnings per share growth rate of S&amp;P 500 companies, considering both the already reported actual results and the estimates for those yet to report, is at 0.5%, according to FactSet. The metric, however, fell from the 0.9% estimated previous week and the 3.4% estimated at the end of the first quarter. Earnings growth for the quarter may extend the positive growth streak to three quarters.
So far, 14% of the S&amp;P 500 companies have reported March quarter results. 
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks To Buy Right Now</a>
Look Ahead: The upcoming week will likely feature earnings releases from 158 S&amp;P 500 companies, including 11 Dow 30 components. With the bank earnings tapering off, the spotlight shifts to tech companies, as they begin to roll out their quarterly scorecard this week.
Apart from some big techs, which are part of the group called the &#8220;Magnificent Seven,&#8221; homebuilders, defense contractors, airlines and transportation companies are also due to release their quarterly reports. 
All eyes are focused on Tesla as analysts expect a downbeat report from the company. Analysts see the scope of a further contraction in margin and potentially a double miss yet again in the first quarter.
AI stalwarts Microsoft, Alphabet and Meta are widely expected to report strong results. Following the recent tech-led sell-off, Wedbush analyst Daniel Ives said, &#8220;We believe 1Q earnings will be a major positive catalyst for the tech sector and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38252477/why-microsoft-alphabet-amazon-palantir-and-meta-could-rise-15-in-2024-according-to-">expect tech stocks to be up another 15% for the year</a> adding to the strong start to 2024.&#8221;
The earnings schedule of key names are as follows:
Monday 
<ul>
<li>Before the bell: Albertsons Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), Zions Bancorporation, National Association (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>)</li>
<li>After the close: Ameriprise Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>), Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), Packaging Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) and SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>), Quest Diagnostics Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>)</li>
</ul>
Tuesday 
<ul>
<li>Before the bell: D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), Fiserv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), General Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), General Motors Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), Kimberly-Clark Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>), Novartis AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>), PepsiCo. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>), PulteGroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>), Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>), United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) and Xerox Holdings Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NYSE">XRX</a>), Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) and Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)</li>
<li>After the close: Visa, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Texas Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Tesla, Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>), Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), Canadian National Railway Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) and Baker Hughes Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>)</li>
</ul>
Wednesday 
<ul>
<li>Before the bell: Thermo Fisher Scientific Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>), Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>), Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>), Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>), Hasbro, Inc. (NASDA: HAS), General Dynamics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), Boston Scientific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>), Biogen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) and AT&amp;T Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</li>
<li>After the close: Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>), Western Union Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>), ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>), O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>), Meta Platforms, Meritage Homes Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>), Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>), International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>)</li>
</ul>
Thursday 
<ul>
<li>Before the bell: Altria Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), AstraZeneca Plc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>), Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>), Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), CMS Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMS#NYSE">CMS</a>), Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), Harley-Davidson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>), Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), Nasdaq, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>), Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>), Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) and STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>)</li>
<li>After the close: Alphabet, Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>), Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>), KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>), Microsoft, Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), Teladoc Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>), T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) and Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</li>
</ul>
Friday 
<ul>
<li>Before the bell: AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>), Aon plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>), Autoliv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>), AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>), Barnes Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>), Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>), Colgate-Palmolive Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>), Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>)</li>
</ul>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the performance of the broader S&amp;P 500 Index, ended Friday&#8217;s session down 0.87% at $495.16, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>The ETF has pulled back from its all-time high (intraday) of $524.61 hit on March 28. The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), an ETF levered more to high-profile, non-financial tech companies, has lost 7.72% from its all-time intraday high of $449.34 (March 21).
Read Next: <a href="https://www.benzinga.com/news/large-cap/24/04/38342737/nasdaq-100-notches-worst-day-since-late-2023-worst-week-since-late-2022-as-ai-driven-chipmakers-tu">Nvidia In Correction Territory — Did AI-Led Tech Stock Bubble Just Burst? This Data Point Offers A Clue.</a>
Photo: Shutterstock

Mobileye Global Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) stock is trading higher Wednesday amid reports of the company winning orders to ship 46 million of its EyeQ6 Lite assisted-driving chips.&nbsp;
The chips, which are in significant demand across global markets, will be incorporated into vehicles launching mid-year.&nbsp;
The company&#8217;s executive vice president of business strategy and development, Nimrod Nehushtan, highlighted that this figure represents current wins, anticipating further growth and deployment in the coming years, Reuters reports.&nbsp;
While Mobileye has kept its customer list confidential due to non-disclosure agreements, known clients include&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37846297/why-autonomous-driving-software-company-mobileye-shares-are-surging-today" rel="noreferrer noopener">prominent automotive manufacturers</a>&nbsp;like&nbsp;Volkswagen&nbsp;and&nbsp;Porsche, according to Reuters.
The EyeQ6 Lite system represents Mobileye&#8217;s mass-market offering, enabling vehicles with basic assisted driving features such as automated cruise control and lane changes.&nbsp;
Nehushtan emphasized the EyeQ6 Lite&#8217;s capability to interpret text on road signs and its significant computing power upgrade—4.5 times that of its predecessor, made possible by&nbsp;Taiwan Semiconductor Manufacturing Co&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) 7-nanometer process.&nbsp;
Additionally, the chip is power-efficient and cost-effective while supporting global five-star safety ratings.&nbsp;
It includes an 8-megapixel camera offering a 120-degree field of vision for improved environmental detection. Mobileye also mentioned its more advanced EyeQ6 High chip, which is slated for volume production early next year.
Mobileye reported&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36778864/mobileyes-q4-big-wins-and-expanding-tech-horizons-how-it-could-drive-future-commute" rel="noreferrer noopener">fourth-quarter revenue</a>&nbsp;growth of 13% year-on-year in January to $637.0 million, missing the Street consensus estimate of $639.8 million. Adjusted EPS of $0.28 beat the Street consensus estimate of $0.27.&nbsp;
Mobileye stock plunged over 30% in the last 12 months. Investors can gain exposure to the stock via&nbsp;First Trust Nasdaq Artificial Intelligence And Robotics ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROBT#NASDAQ">ROBT</a>) and&nbsp;Vanguard Extended Market ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VXF#NYSE">VXF</a>).
Price Action: MBLY shares are trading higher by 2.72% at $30.95 in premarket on the last check Wednesday.

What's Going On With Mobileye Global Stock Wednesday?

Latest generation of pioneering system-on-chip and software already set to enable safety and convenience in 46 million vehicles

Mobileye's EyeQ6 Lite Debuts To Accelerate Global ADAS Adoption

WIIM

Mobileye shares are trading higher following a Reuters report indicating the company secured orders to ship 46 million EyeQ6 chips over the next few years.

https://www.reuters.com/technology/mobileye-set-ship-least-46-million-new-assisted-driving-chips-2024-04-17/#:~:text=SAN%20FRANCISCO%2C%20April%2017%20(Reuters,safer%20and%20easier%20to%20drive.

Reuters Reported Mobileye Set To Ship At Least 46M New Assisted Driving Chips-

Mobileye Global shares are trading higher after Wolfe Research upgraded the stock from Peer Perform to Outperform.

Wolfe Research analyst Shreyas Patil upgrades Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) from Peer Perform to Outperform and announces $41 price target.

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Wolfe Research Upgrades Mobileye Global to Outperform, Announces $41 Price Target

JP Morgan analyst Samik Chatterjee maintains Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) with a Overweight and raises the price target from $34 to $38.

JP Morgan Maintains Overweight on Mobileye Global, Raises Price Target to $38

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Shares of companies within the auto and auto components sector are trading lower amid overall market weakness following hotter-than-expected March inflation data.

Israel-related stocks and exchange-traded funds (ETFs) are suffering as investors shy away from the Middle Eastern country <a href="https://www.benzinga.com/news/24/04/38016697/israels-netanyahu-unveils-plan-to-evacuate-gaza-civilians-ahead-of-potential-hamas-operation-its-the">over fears of escalating conflict with Iran</a>.
Yet the largest Israeli tech companies boasting a global footprint are being spared by investors hedging against broader conflict in the region, which is focused on those catering to the internal market or heavily exposed to regional distress.
What Happened: The TA-35 Index, following the 35 largest companies in the Tel Aviv Stock Exchange, registered losses over the 3% mark this week.&nbsp;
Losses began on Tuesday after Tehran promised retaliation over an <a href="https://www.benzinga.com/news/24/04/38038273/edward-snowden-slams-netanyahu-regime-for-alleged-air-strikes-on-irans-embassy-violating-both-the-ge">airstrike by Israeli forces in an Iranian embassy compound in Damascus, Syria</a>.
An attack that occurred on Monday in Syria killed twelve people, including four civilians, several senior Iranian military and intelligence officials and a member of the Iran-backed Lebanese militant group Hezbollah.
<a href="https://www.benzinga.com//node/38038904">Israel is facing major criticism by the UN</a>, Western nations and other allies, including the U.S., for the rising death toll in Gaza, which topped the 33,000 lives on Thursday according to the Gaza health ministry.
The casualty figures provided by the ministry do not distinguish the difference between civilians and combatants or provide the cause of death.
Israeli leadership launched a massive bombing campaign in Gaza in an effort to dismantle Palestinian militant group Hamas.
According to recent reports, Hamas refuses to release up to 130 hostages that have been held since its <a href="https://www.benzinga.com/news/23/10/35136071/israel-under-siege-unprecedented-hamas-attack-sparks-intense-clashes-netanyahu-says-we-are-at-war">Oct. 7 attack in southern Israel</a>.
Now, the addition of new military objectives in Syria, mounting tensions with Iran and rising international pressure are risking destabilizing Israel&#39;s economy further off.
Read also: <a href="https://www.benzinga.com/news/24/03/38007141/israel-to-return-to-cease-fire-negotiations-but-strikes-on-gaza-and-syria-continue">Israel To Return To Cease-Fire Negotiations, But Strikes On Gaza And Syria Continue</a>
Last week, the UN&#39;s highest-ranking human rights official <a href="https://www.benzinga.com/news/24/03/37977772/un-warns-israels-actions-in-gaza-could-constitute-war-crime-as-manmade-famine-looms">warned that Israel&#39;s actions in Gaza could constitute a war crime</a> if the current &quot;man made famine&quot; battering the region is proven to be used as a weapon of war.
On Wednesday, War Cabinet Minister Benny Gantz called for early elections in Israel in an effort to &quot;maintain unity&quot; and &quot;renew trust,&quot; which has been lost under the rule of far-right Prime Minister Benjamin Netanyahu.&nbsp;
Netanyahu, who has been widely blamed for gestating the conditions that allowed for Hamas&#39; Oct. 7 attack, as well as for the controversial killing of civilian lives in Gaza, dismissed the idea, saying &quot;it would paralyze negotiations for freeing our hostages and would bring an end to the war before the goals are completely achieved,&quot; the Times of Israel <a href="https://www.timesofisrael.com/gantz-calls-for-early-elections-in-september-to-renew-trust-in-government/">reported</a>.
<h3 class="wp-block-heading">How Stocks And ETFs Are Reacting</h3>
<ul>
<li>Ishares Msci Israel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIS#NYSE">EIS</a>), which provides exposure to a wide range of Israeli companies, is down 2.6% this week, with the largest recent drop occurring after news of the destruction of Iran&#39;s embassy building came to light.</li>
</ul>
<ul>
<li>The Ark Israel Innovative Technology ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IZRL#BATS">IZRL</a>), which focuses on Israeli companies leading disruptive innovation in technology has recovered on Thursday from losses stemming from the attack&#39;s news, and is up 0.6% on Thursday.</li>
</ul>
<ul>
<li>Amplify Bluestar Israel Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITEQ#NYSE">ITEQ</a>) which targets a similar set of companies has followed a close trajectory, gaining 0.9% on Thursday.</li>
</ul>
The Tel Aviv Stock Exchange, followed by the TA-35 Index, marks one of the largest index-led losses this week, having lost 3.4% on the last five trading days and 1.7% on Thursday alone.
Yet some of the largest U.S.-listed Israeli companies have experienced a better week, showing that tech companies coming out of the Middle-eastern country that reach a global market, aren&#39;t suffering the costs of Israel&#39;s diplomatic debacle as bad as the country&#39;s overall stock market.
<ul>
<li>Self-driving technology company Mobileye Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), which is majority-owned by Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), is up 1.5% on Thursday, recovering losses from a minor Tuesday slump, to be up 0.5% in the past five days.</li>
</ul>
<ul>
<li>IT and software security company Check Point Software Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>), which has 10 offices in the United States and 60 others worldwide, is up 0.3% on Thursday.</li>
</ul>
<ul>
<li>Customer relations management software company Nice Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) is up 1% on Thursday after a minor drop on Tuesday.</li>
</ul>
Now Read: <a href="https://www.benzinga.com//node/38065943">Russia Says Over 100K Enlist In Armed Forces Following Moscow Concert Hall Attack</a>
Shutterstock image.

Iran's Revenge Promise Against Israel Is Taking Down Its Stock Market — But Large Tech Companies Appear Immune

Mobileye Global's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NYSE">MBLY</a>) short percent of float has fallen 6.45% since its last report. The company recently reported that it has 18.54 million shares sold short, which is 27.7% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.2 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Mobileye Global Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712241924_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Mobileye Global has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Mobileye Global's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Mobileye Global's peer group average for short interest as a percentage of float is 6.64%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(MBLY) - Analyzing Mobileye Global's Short Interest

Earnings growth typically drives stock prices. Three stocks are set to grow at double and even triple-digit rates this year, yet their prices stay at more than 30% discounts from their 52-week highs. Whether underrated or just forgotten, they are cheap stocks that shouldn&#39;t be so.
The names to keep in mind for your &lsquo;growth at a discount&#39; watchlist can include Hecla Mining (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>), Wayfair Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/w#NYSE">W</a>), and even Mobileye Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbly#NASDAQ">MBLY</a>). Combining tailwinds in the global economy on top of above-average earnings per share (EPS) growth can allow investors to grow their portfolios by double digits in this new cycle.
Professional traders use a process called &lsquo;top-down&#39; analysis to understand the macro developments at play. By understanding what is about to happen in the economy, investors can better decide where their money could see better returns.
<h2>Get Ready for a Money Shift </h2>
Analysts at The Goldman Sachs Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) gave Main Street an insight into their 2024 strategy. In their macro outlook report, it is clear that the investment bank expects to see a breakout in the manufacturing sector of the U.S. economy.
Their expectations became evident after the ISM manufacturing PMI index reported a 6.4% jump in new export orders, the highest expansionary reading for the month of February. This means that demand for precious metals, home furnishings, and even original equipment manufacturers (OEM) could go higher.
Of course, Goldman is betting that potential interest rate cuts by the Federal Reserve (the Fed) will revive manufacturing. So far, they are right. As the PMI shows, lower interest rates could lower the dollar, making U.S. exports more attractive to foreign nations.
But the buck doesn&#39;t stop there; lower interest rates could create more demand for luxury goods (silver), spur homebuying activity (furniture), and stimulate car loan financing (need for OEM parts).
<h2>Precious Metals Are in Play </h2>
After rallying to all-time highs, gold prices also gave way for other precious metals to go higher. For silver, this meant a rally of 23% from the fourth quarter of 2023 until now. While investors could take the risk and bet on futures contracts to profit from rising silver prices, there is a better way to beat the market.
Mining stocks tend to follow &ndash; and even amplify &ndash; the price action in the commodity they mine. This is why Hecla mining analysts see up to 700% EPS growth in the next 12 months.
As a silver miner, the company will sell more expensive silver and report the profits in the coming quarterly reports. Because the stock trades at only 61% of its 52-week high, institutions like Vanguard increased their position in the stock by 0.6%, calling for a $1.6 million transaction.
More than that, Hecla&#39;s forward P/E valuation of 53.3x forward P/E makes it 252% more expensive than the mining industry&#39;s 15.2x average valuation. There must be a good reason for the market to overpay for this stock; now investors know that reason.
Lower interest rates make the dollar weaker, and silver is quoted in dollars, so it could be a no-brainer investment to keep expecting higher silver prices ahead.
<h2>Furnishing Homes at Double-Digit Growth</h2>
For Wayfair, another major trend is helping Wall Street identify the potential upside in its stock. As Warren Buffett spotted an opportunity in real estate stocks coming soon, others affected by this boom &ndash; like furniture &ndash; could also benefit.
The overall cost of buying a home could be much lower now that interest rates could bring mortgage costs lower, and the National Association of Realtors (NAR) just changed how agents get paid commissions. Homebuying activity spurs could be why analysts at Morgan Stanley (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ms#NYSE">MS</a>) see a price target of $80 for Wayfair.
Calling for a 27% upside, the valuations come as a result of the 176% EPS growth projected for this year. These assumptions could only be justified by the winds blowing in the real estate market, which could call Wayfair to furnish newly bought homes.
<h2>Cars Are Next, so Are Parts </h2>
As lower interest rates also stimulate new car financing, retail companies must restock their OEM inventory, where Mobileye comes into play.
There must be a good reason why The PNC Financial Services Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnc#NYSE">PNC</a>) and Vanguard both upped their exposure to Mobileye stock, especially last quarter when the stock rallied by 36%. Trading at 66% of its 52-week high prices makes the stock a cheap growth story today.
Expecting 358% EPS growth this year, analysts are correct in their 42% upside projections with a $44.3 share price target. After all, its 42.7x forward P/E valuation puts it 324% above the industry average of 10.1x valuation. Again, &quot;It must be expensive for a reason,&quot; and investors are starting to figure out what that reason could be.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/3-cheap-stocks-that-shouldnt-be-cheap-for-long/">3 Cheap Stocks That Shouldn&#39;t Be Cheap for Long </a>&quot; first appeared on MarketBeat.

Penny Stocks

Federal Reserve

3 Cheap Stocks That Shouldn't Be Cheap for Long

Mobileye Global Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares are trading higher after its partnership with&nbsp;Volkswagen AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) in&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37840133/automated-driving-volkswagen-group-intensifies-collaboration-with-mobileye" rel="noreferrer noopener">the field of automated and autonomous driving</a>.&nbsp;
The two companies will bring new automated driving functions to series production.
Mobileye will provide technologies for partially and highly automated driving based on its Mobileye SuperVision and Mobileye Chauffeur platforms.
Volkswagen Group&#8217;s Audi, Bentley, Lamborghini, and Porsche brands&nbsp;will use the technologies to launch new premium-oriented driving functions to their model portfolios across powertrain types.
The technologies include advanced assistance systems for highway and urban driving, such as automated overtaking on multilane highways, as well as automatic stopping at red lights and stop signs, and support in intersections and roundabouts.&nbsp;
Mobileye will also supply further technology components for automated driving to Volkswagen commercial vehicles.
&#8220;New automated driving functions will significantly boost convenience and safety,&#8221; said Oliver Blume, CEO of the Volkswagen Group and Porsche AG.
&#8220;These functions, which will be tailored to our brands and products, will make every trip a personal, individual experience.&#8221;
Price Action: MBLY shares are trading higher by 4.12% at $29.54 in premarket on the last check Wednesday.
Photo via Company

Contracts

Movers

VWAGY

Why Autonomous Driving Software Company Mobileye Shares Are Surging Today

Mobileye shares are trading higher after the company announced it will provide technologies for partially and highly automated driving for Volkswagen Group.

The Volkswagen Group is welcoming further strategic collaboration and significantly accelerating its development efforts in the field of automated and autonomous driving. Now, Volkswagen is intensifying its partnership with Mobileye in the domain of automated driving. Together, the two companies will bring new automated driving functions to series production. Mobileye is to provide technologies for partially and highly automated driving based on its Mobileye SuperVision and Mobileye Chauffeur platforms. In future, the Volkswagen Group&#39;s Audi, Bentley, Lamborghini and Porsche brands will use these technologies to rapidly introduce new premium-oriented driving functions to their model portfolios across powertrain types. These include advanced assistance systems for highway and urban driving, such as automated overtaking on multilane highways in permitted areas and conditions, as well as automatic stopping at red lights and stop signs, and support in intersections and roundabouts. In addition, Mobileye is set to supply further technology components for automated driving to Volkswagen Commercial Vehicles. In the long term, the Volkswagen Group aims to rely on its own complete in-house system: Partnerships with Bosch and Qualcomm, as well as with Horizon Robotics in China, will be continued with a focus. All driver assistance systems are to be based on the software architectures developed by Volkswagen&#39;s Cariad company.

QCOM

VLKAF

Volkswagen And Mobileye To Introduce New Automated Driving Features

Mobileye Global Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares are trading higher after it decided to wind down its aftermarket solutions unit that provides retrofitted&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37780291/mobileye-to-wind-down-aftermarket-solutions-unit" rel="noreferrer noopener">advanced driver assistance technology.</a>
The company said it took the decision after a thorough review of the unit&#8217;s business prospects and investment needs.
The demand and future addressable market for retrofitted ADAS solutions has declined since the automakers increased the rate at which integrated ADAS solutions are installed on new vehicles.
Thus, this division has seen its revenues decline meaningfully to roughly $40 million on an annual basis and has not positively contributed to Mobileye profitability.
The move is expected to focus Mobileye&#8217;s resources on the opportunities for delivering more advanced forms of driver assist technologies and autonomous driving.&nbsp;
The company will work to support about 130 employees affected by the shutdown worldwide over the near term. The action is not expected to have any material impact on Mobileye&#8217;s 2024 results.
&#8220;Unfortunately, the success of Mobileye&#8217;s built-in ADAS solutions has diminished the opportunities for retrofit solutions to the point where it is no longer viable to continue the retrofit solutions activity,&#8221; said President and CEO Amnon Shashua.
Meanwhile, the company remains committed to satisfying the needs of existing IMS customers over the medium-term.
Mobileye said it will also continue offering and servicing customers of its General Safety Regulation (GSR) solutions for commercial vehicle manufacturers.
Price Action: MBLY shares are trading higher by 4.36% at $28.95 on the last check Monday.

Asset Sales

Why Autonomous Driving Software Company Mobileye Shares Are Shooting Higher Today

Mobileye shares are trading higher after the company announced the winding down of its Aftermarket Solutions unit and said it is not expected to have a material impact on its 2024 results.

Mobileye To Wind Down Aftermarket Solutions Unit, Says This Action Is Not Expected To Have Any Material Impact On Mobileye's 2024 Results

The automotive stock sector encompasses a wide <a href="http://benzinga.com/topic/auto-stocks">range of companies.</a>
An analyst has initiated coverage on five leading automotive companies, comprised of three key automotive manufacturers and two automotive suppliers.
The Automotive Analyst: Piper Sandler analyst Alexander Potter began coverage on the "five cornerstone stocks in the automotive sector."
The analyst said Piper Sandler has shifted away from covering internal combustion engine stocks. The transition to electric vehicles has "broad implications" on traditional automakers and suppliers, Potter added. &nbsp;
"In an effort to more fully capture the breadth of this trend, we are adding coverage of the &#8216;Detroit 3&#8217; as well as two key suppliers," Potter said.
Related Link: <a href="https://www.benzinga.com/news/earnings/24/02/36967314/ford-q4-earnings-highlights-revenue-beat-eps-beat-supplemental-dividend-ev-update-and-more">Ford Q4 Earnings Highlights: Revenue Beat, EPS Beat, Supplemental Dividend, EV Update And More</a>
Automotive Stocks: The new initiations from Potter include ratings on the "Big 3" Detroit automakers.
<ul>
<li>Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>): Overweight, $39 price target</li>
<li>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>): Neutral, $13 price target</li>
<li>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>): Neutral, $44 price target</li>
</ul>
"Of these, our favorite is Stellantis," Potter said.
The analyst said Stellantis "sets the standard for incumbent OEMs."
"Like many carmakers, this builder of Ram pickups and Jeep SUVs may face margin pressure due to rising EV mix but with 6M+ units sold annually and best-in class margins, STLA has margin to spare."
The analyst said Stellantis is well positioned as it is partially shielded from EV risks with growth outside of the U.S. and Europe in regions that could be slower to adopt electric vehicles.
"We think STLA has the volume and the margins required for bridging the gap to a post-ICE world."
For General Motors, Potter sees a pure-play on the North American market and a focus on gasoline trucks and SUVs.
"Outside tiny cars built in China, GM lacks scale in regions/segments that are eagerly adopting EVs."
Potter said General Motors margins and market share could decline in the coming years.
"Our long-term forecast implies a few loss-making years in the late 2020s, followed by a recovery."
Potter said Ford has balanced investment characteristics, but hasn't kept pace with Tesla on its electric vehicle costs. &nbsp;
"As with GM, the EV transition may force Ford to cope with negative margins in the mid/late-2020s."
The analyst sees Ford's strong commercial vehicle segment as a positive that can help with pressure elsewhere.
Potter said most OEMs are unable to duplicate Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) strategy of internalizing electronics and software development, along with its cost-effective Chinese production model.
The analyst has an Overweight rating and $225 price target on Tesla.
Potter also recently upgraded Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) <a href="https://www.benzinga.com/news/24/03/37721701/rivian-stock-jump-starts-with-analyst-upgrade-after-the-bell">from Neutral to Overweight</a> and raised the price target from $15 to $21. The analyst pointed out that Rivian is the company coming closest to mirroring Tesla&#8217;s efforts in the electric vehicle (EV) sector and in-house manufacturing approach.
Auto Suppliers: Potter highlighted two automotive suppliers poised to navigate the shift to electric vehicles successfully, offering products essential for various vehicle types.
<ul>
<li>BorgWarner Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>): Overweight, $43 price target</li>
<li>Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>): Neutral, $31 price target</li>
</ul>
Potter said BorgWarner is a "value conscious EV stock."
The analyst said BorgWarner has used M&amp;A activity, spin-outs and research and development to align its products with the automotive transition to EVs.
"Electrification is a durable theme, and BWA's exposure should ultimately translate into upside. It's not as lucrative as software, but EV drivetrain hardware is essential and unlikely to be insourced," Potter said.
The analyst said he likes Mobileye but worries about the reception of new product launches.
"It's unfair to judge MBLY based on a handful of customers product launches, but in 2024, we think that's exactly what investors will do."
Potter said Mobileye is growing and profitable, which makes it tough to be negative on the company.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/03/37543686/rivian-unveils-r2-teases-r3-key-features-prices-for-model-y-competitor">Rivian Unveils R2, Teases R3: Key Features, Prices For Model Y Competitor</a>
Image created using artificial intelligence with Midjourney.

Initiation

STLA

Auto Analyst Compares Detroit 3 - Ford, GM, Stellantis - And 2 Auto Suppliers BorgWarner, Mobileye: Which 2 Stocks Have Top Ratings?

Piper Sandler analyst Alexander Potter initiates coverage on Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) with a Neutral rating and announces Price Target of $31.

Piper Sandler Initiates Coverage On Mobileye Global with Neutral Rating, Announces Price Target of $31

The automotive industry sees a surge in hybrid and electric vehicle sales, driven by environmental consciousness and government incentives, fostering market expansion and innovation. Hence, quality auto stocks Stellantis (STLA), Suzuki Motor (SZKMY), Rolls-Royce Holdings (RYCEY), and Volkswagen (VWAGY) might be solid buys for higher profits. Continue reading… Given evolving consumer preferences, including a shift toward eco-friendly vehicles, population growth in cities, consumer spending power, digitalization and Industry 4.0., and favorable government regulations and incentives, the automotive sector is well-placed for significant growth and expansion in the upcoming years.
Considering the industry's rosy prospects, it could be wise to invest in top auto stocks Stellantis N.V. (<a href="https://stocknews.com/stock/STLA/">STLA</a>), Suzuki Motor Corporation (<a href="https://stocknews.com/stock/SZKMY/">SZKMY</a>), Rolls-Royce Holdings plc (<a href="https://stocknews.com/stock/RYCEY/">RYCEY</a>), and Volkswagen AG (<a href="https://stocknews.com/stock/VWAGY/">VWAGY</a>), which have considerable potential for solid profits.
This year, <a href="https://www.kiplinger.com/business/auto-industry-outlook-for-2024">new car sales</a> are expected to hit 15.70 million, offering buyers more negotiating power due to improved availability and slowing price increases. Hybrid vehicles are gaining popularity, reaching a 14% market share, while EV sales are projected to rise to 9% despite slowing momentum and increased dealer inventories.
Besides, the Biden administration's recently finalized new tailpipe rules aimed to push the U.S. auto market toward EVs and hybrids. According to the Kelley Blue Book, EVs made up only 7.6% of new car sales last year. The new rule <a href="https://edition.cnn.com/2024/03/20/climate/epa-biden-electric-cars/index.html">targets 35% to 56% for EVs by 2032</a> and 13% to 36% for plug-in hybrids by 2032.
These government regulations are expected to cut passenger car pollution by nearly half from 2026 levels, reducing over 7 billion metric tons of emissions.
As a result, the electric vehicle market is booming due to declining costs and investment in charging infrastructure, making electric vehicles more affordable, reducing emissions, and driving innovation in the sector. The <a href="https://www.vantagemarketresearch.com/industry-report/electric-vehicle-ev-market-1853">U.S. electric vehicle market</a> is expected to grow at a CAGR of 14.6% to reach $158.7 billion by 2032.
Meanwhile, the hybrid vehicle market is growing significantly due to environmental concerns and the benefits of hybrid technology, which offers higher fuel efficiency and lower emissions, attracting more customers.  The global hybrid vehicle market is projected to grow at a <a href="https://www.globenewswire.com/en/news-release/2023/07/31/2714909/0/en/Hybrid-Vehicle-Market-Size-Worth-USD-443-91-Billion-Globally-by-2030-at-a-CAGR-of-7-3.html#:~:text=Pune%2C%20India%2C%20July%2031%2C,7.3%25%20during%20the%20forecast%20period.">CAGR of 7.3% to reach $443.91 billion by 2030</a>.
Considering these encouraging market trends, let's examine the fundamentals of the four best auto stock picks.
Stock #4: Stellantis N.V. (<a href="https://stocknews.com/stock/STLA/">STLA</a>)
Based in Hoofddorp, the Netherlands, STLA is a leading global automotive company known for its wide range of vehicles and mobility services under prestigious brands like Jeep, Fiat, and Peugeot. With a focus on design, engineering, and innovation, STLA delivers quality products and experiences to customers worldwide.
On February 15, 2024, STLA announced a share buyback program worth up to €3 billion ($3.25 billion), intending to repurchase common shares except €500 million ($541.18 million) reserved for employee stock plans.
The first tranche, covering up to €1 billion ($1.08 billion), commenced on February 28, 2024, and will conclude no later than June 5, 2024, managed independently by an investment firm. Share repurchases generally help a company significantly enhance its value to its shareholders.
STLA's trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">ROTA</a> of 9.20% is 117.8% higher than the industry average of 4.22%. Likewise, the stock's trailing-12-month cash from operations of $24.82 billion is significantly higher than the $281.88 million industry average.
During the six months that ended December 31, 2023, STLA reported net revenues of €91.18 billion ($98.68 billion). It posted a net profit attributable to owners of the parent and adjusted operating income of €7.67 billion ($8.30 billion) and €10.22 billion ($11.06 billion), respectively. The company's adjusted EPS came in at €2.79 for the quarter.
STLA's revenue is expected to grow marginally year-over-year to $205.56 billion for the fiscal year ending December 2024. Also, analysts expect the company to report an EPS of $5.94 for the same period. In addition, STLA has surpassed consensus revenue estimates in three of the trailing four quarters, which is notable.
The stock has surged by 54.1% over the past six months and 71.5% over the past nine months to close the last trading session at $28.99. Also, it gained 1% intraday.
STLA's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted optimally.
The stock has an A grade for Value and a B for Stability and Quality. In the <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry, STLA is ranked #11 out of 53 stocks.
For additional ratings on STLA's Growth, Momentum, and Sentiment, <a href="https://stocknews.com/stock/STLA/">click here</a>.
Stock #3: Suzuki Motor Corporation (<a href="https://stocknews.com/stock/SZKMY/">SZKMY</a>)
Headquartered in Hamamatsu, Japan, SZKMY is a multinational company specializing in automobiles, motorcycles, and marine products with operations spanning various regions. Its diverse offerings include mini-vehicles, standard-sized vehicles, outboard motors, and additional services such as solar power generation and logistics.
On February 7, 2024, SZKMY revised its dividend forecast, increasing the year-end dividend to ¥55 ($0.36) per share, resulting in an expected annual dividend of ¥110 ($0.73) per share for the fiscal year ending March 2024.
The company pays $2.88 annually, which translates to a yield of 1.56% on the prevailing price level. Its four-year average dividend yield is 2.02%. Moreover, the company boasts a seven-year record for consecutive dividend payments.
SZKMY's trailing-12-month ROTA of 4.80% is 13.7% higher than the industry average of 4.22%. Likewise, the stock's trailing-12-month CAPEX/Sales of 5.56% is 82.4% higher than the 3.05% industry average.
For the nine months that ended December 31, 2023, SZKMY's net sales rose 12.7% year-over-year to ¥3.85 trillion ($25.40 billion). The company's operating profit and net cash provided by operating activities increased 29.8% and 42.6% from a year-ago period to ¥346.65 billion ($2.29 billion) and ¥193.76 billion ($1.28 billion), respectively.
As of December 31, 2023, the company's total liabilities reduced to ¥2.06 trillion ($13.58 billion), compared to its total liabilities of ¥2.07 trillion ($13.66 billion) as of March 31, 2023.
For the fiscal year ending March 31, 2024, the company anticipates its net sales and operating profit to be ¥5.20 trillion ($34.33 billion) and ¥430 billion ($2.84 billion), respectively.
Street anticipates SZKMY's revenue to increase 112.5% year-over-year to $34.64 billion for the fiscal year ending March 2024. Moreover, the company has surpassed the consensus revenue estimates in three of the trailing four quarters.
SZKMY's stock has increased 33.7% over the past nine months and 12.4% over the past six months to close the last trading session at $184.40. It gained 4.2% intraday.
SZKMY's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
SZKMY has a B grade for Value, Stability, and Quality. Within the same industry, it is ranked #10.
<a href="https://stocknews.com/stock/SZKMY/">Click here</a> for SZKMY's additional ratings for Growth, Momentum, and Sentiment.
Stock #2: Rolls-Royce Holdings plc (<a href="https://stocknews.com/stock/RYCEY/">RYCEY</a>) 
Based in London, the United Kingdom, RYCEY specializes in developing and delivering power and propulsion solutions worldwide, serving air, sea, and land sectors. Operating through Civil Aerospace; Defence; Power Systems; and New Markets segments, the company offers a diverse range of products and aftermarket services.
On March 18, 2024, RYCEY chose WSP as its design partner for expanding its Raynesway site in Derby, a critical step in meeting the growing demand from the Royal Navy, driven by the AUKUS announcement.
This partnership aims to create new manufacturing and office facilities, with WSP tasked to design these facilities and site infrastructure to support the expansion, which will generate 1,170 skilled roles across various disciplines.
RYCEY's trailing-12-month net income margin of 14.63% is 146.9% higher than the industry average of 5.93%. Also, the stock's trailing-12-month cash from operations of $3.17 billion is 939% higher than the $304.89 million industry average.
RYCEY's revenue increased 21.9% year-over-year to £16.49 billion ($20.81 billion) in the fiscal year ended December 31, 2023. Its gross profit and operating profit grew 31.3% and 132.3% from the previous year to £3.62 billion ($4.57 billion) and £1.94 billion ($2.45 billion), respectively.
Furthermore, the company's profit for the year amounted to £2.40 billion ($3.03 billion), compared to its loss for the previous year of £1.27 billion ($1.61 billion).
For the fiscal year 2024, RYCEY estimates an underlying operating profit range of £1.70 billion ($2.15 billion) to £2 billion ($2.52 billion) and a free cash flow range of £1.70 billion ($2.15 billion) to £1.90 billion ($2.40 billion).
Analysts expect RYCEY's revenue and EPS to grow by 9.1% and 26.9% year-over-year to $21.29 billion and $0.22, respectively, for the fiscal year ending December 2024.
RYCEY's shares increased 204.6% over the past year and 173.3% over the past nine months to close the last trading session at $5.33.
RYCEY's POWR Ratings reflect its robust prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
RYCEY has a B grade for Momentum, Stability, Sentiment, and Quality. Within the Auto &amp; Vehicle Manufacturers industry, it is ranked #9 out of 53 stocks.
In addition to the POWR Ratings stated above, one can access RYCEY's additional Growth and Value ratings <a href="https://stocknews.com/stock/RYCEY/">here</a>.
Stock #1: Volkswagen AG (<a href="https://stocknews.com/stock/VWAGY/">VWAGY</a>)
Based in Wolfsburg, Germany, VWAGY is a global automotive company that operates in four segments: Passenger Cars and Light Commercial Vehicles; Commercial Vehicles; Power Engineering; and Financial Services. The company manufactures and sells vehicles globally under various brand names, including Volkswagen, Audi, and Porsche.
On March 20, VWAGY strengthened collaboration with Mobileye Global Inc. (<a href="https://stocknews.com/stock/MBLY/">MBLY</a>) to advance automated driving functions, aiming to introduce new features across Audi, Bentley, Lamborghini, and Porsche models. Mobileye's technology will enable features like automated overtaking and stopping at red lights, with Volkswagen aiming for a complete in-house system in the long term.
VWAGY's trailing-12-month cash from operations and cash per share of $21.37 billion and $63.20 are significantly higher than the industry average of $281.88 million and $2.67, respectively.
During the fiscal year that ended December 31, 2023, VWAGY's sales revenue increased 15.5% from the prior year to €322.28 billion ($406.82 billion). The company reported an operating result of €22.58 billion ($28.50 billion), up 2.1% year-over-year. Its cash flows from operating activities and net cash flow stood at €19.36 billion ($24.43 billion) and €2.70 billion ($3.41 billion), respectively.
For fiscal year 2024, VWAGY anticipates sales revenue to surpass the previous year's figure by up to 5%, with an operating return on sales expected to range between 7% and 7.5%.
Street expects VWAGY's revenue and EPS to grow 1.1% and 67.4% year-over-year to $356.60 billion and $5.84, respectively, for the fiscal year ending December 2024. Additionally, the company topped consensus revenue estimates in three of the trailing four quarters.
VWAGY's stock soared 15.2% over the past three months and 17.7% over the past six months to close the last trading session at $15.20. Also, it gained marginally intraday.
VWAGY's POWR Ratings reflect its robust prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
VWAGY has an A grade for Value and Stability and a B for Growth. It is ranked #6 within the same industry.
Beyond the mentioned POWR Ratings, VWAGY's Momentum, Sentiment, and Quality ratings can be accessed <a href="https://stocknews.com/stock/VWAGY/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
STLA shares were trading at $28.50 per share on Thursday morning, down $0.49 (-1.69%). Year-to-date, STLA has gained 22.21%, versus a 10.46% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/stla-vwagy-rycey-szkmy-mbly-4-auto-giants-with-sky-high-potential-for-profits/>4 Auto Giants With Sky-High Potential for Profits</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

4 Auto Giants With Sky-High Potential for Profits

In a report released today, Dan Levy from Barclays maintained a Buy rating on Mobileye Global, Inc. Class A (MBLY – Research Report), with a price ...

Mobileye Global, Inc. Class A (MBLY) Receives a Buy from Barclays

There's a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Starbucks (SBUX – Research Report), Mobileye ...

Analysts Offer Insights on Consumer Cyclical Companies: Starbucks (SBUX), Mobileye Global, Inc. Class A (MBLY) and Amazon (AMZN)

Mobileye picks up as Wolfe Research upgrades, citing no 'clear rival'

Tesla's Robotaxi Plans Face Major Challenges

This year, the automotive industry is likely to accelerate with soaring electric vehicle sales and infrastructure advancements. Hence, quality auto stocks Bayerische Motoren Werke (BMWYY), Volkswagen (VWAGY), and REV Group (REVG), which boast lower-than-industry valuation multiples, might be solid buys for April. Keep reading... The global automobile market is growing steadily due to increasing investments in public transport infrastructure and rising demand for affordable private vehicles, especially in emerging economies. So, investors seeking value in the auto sector for April could consider investing in top fundamentally strong auto stocks Bayerische Motoren Werke Aktiengesellschaft (<a href="https://stocknews.com/stock/BMWYY/">BMWYY</a>), Volkswagen AG (<a href="https://stocknews.com/stock/VWAGY/">VWAGY</a>), and REV Group, Inc. (<a href="https://stocknews.com/stock/REVG/">REVG</a>), which seem to have discounted value multiples.
The automotive sector is also expected to expand this year due to heightened demand for hybrid and electric vehicles and advancements in technological and manufacturing processes. Last year, U.S. electric vehicle sales <a href="https://insideclimatenews.org/news/08022024/inside-clean-energy-us-electric-vehicles-sales-are-poised-to-rise-in-2024/#:">surged to 1.19 million units</a>, a 46% increase from the prior year, capturing a 7.6% share of total car and light truck sales.
In addition, U.S. vehicle sales in March 2024 <a href="https://economics.td.com/us-vehicle-sales">reached 15.50 million units annually</a>, with passenger vehicle sales up 1.3% year-on-year and light-truck sales rising by 5.4%. Light trucks represented 80% of total sales, marginally higher than in March 2023, reflecting ongoing market preferences.
Moreover, the Biden administration <a href="https://www.edmunds.com/car-news/biden-623-million-ev-charging-hydrogen-fueling.html">allocated $623 million</a> for EV and hydrogen infrastructure development, with 70% earmarked for disadvantaged communities to improve EV charging access. Additionally, $70 million is designated for Texas to establish a hydrogen corridor to Southern California, aiming to enhance infrastructure for hydrogen-powered vehicles.
Considering these encouraging market trends, let's examine the fundamentals of the three <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> stock picks.
Stock #3: Bayerische Motoren Werke Aktiengesellschaft (<a href="https://stocknews.com/stock/BMWYY/">BMWYY</a>)
Based in Munich, Germany, BMWYY is an international automotive company specializing in the production and sale of automobiles and motorcycles under renowned brands such as BMW, MINI, and Rolls-Royce. The company operates worldwide through a network of independent dealerships and importers.
BMWYY's forward EV/Sales multiple of 0.98 is 17.8% lower than the industry average of 1.19. Its forward EV/EBIT of 9.73x is 27.4% lower than the industry average of 13.39x.
On March 18, 2024, BMWYY partnered with German winter sports athletes, leveraging automotive technologies like wind tunnel analysis and 3D-printed spike plates to enhance performance. These innovations aim to optimize athletes' stance, aim, and equipment dynamics for competitive success, particularly targeting the Winter Olympic Games in 2026.
On February 29, BMWYY developed E Ink technology, allowing dynamic color changes on vehicle bodies, advancing from black and white to multi-colored exteriors, showcased in the BMW i5 Flow NOSTOKANA concept vehicle. This innovation highlights potential applications in energy efficiency and artistic expression, earning global recognition and innovation accolades.
In the fiscal year ended December 31, 2023, BMWYY's revenues increased 9.2% year-over-year to €107.84 billion ($115.77 billion). The company achieved <a href="https://www.investopedia.com/terms/g/grossprofit.asp#:~:text=Gross%20profit%2C%20also%20called%20gross,to%20produce%20goods%20or%20services.">gross profit</a> of €17 billion ($18.25 billion) and net profit of €4.37 billion ($4.69 billion). Also, its cash and cash equivalents as of December 31, 2023, amounted to €6.15 billion ($6.60 billion).
Analysts expect BMWYY's revenue and EPS to grow marginally and 2.4% year-over-year to $169.49 billion and $6.48 for the fiscal year 2024, respectively.
The stock has surged 15.3% over the past six months and 10.8% over the past three months to close the last trading session at $40.17. It also gained marginally intraday.
BMWYY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this strong outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
BMWYY has an A grade for Stability and a B for Value. Within the <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry, it is ranked #10 out of 52 stocks.
Click <a href="https://stocknews.com/stock/BMWYY/">here</a> for BMWYY's additional Growth, Momentum, Sentiment, and Quality ratings.
Stock #2: Volkswagen AG (<a href="https://stocknews.com/stock/VWAGY/">VWAGY</a>)
Based in Wolfsburg, Germany, VWAGY is a global automotive company that operates in four segments: Passenger Cars and Light Commercial Vehicles; Commercial Vehicles; Power Engineering; and Financial Services. The company manufactures and sells vehicles globally under various brand names, including Volkswagen, Audi, and Porsche.
VWAGY's forward EV/Sales of 0.81x is 32.3% lower than the industry average of 1.19x. Its forward EV/EBITDA multiple of 6.58 is 29.7% lower than the industry average of 9.36.
On April 11, VWAGY announced a €2.50 billion ($2.68 billion) investment in its production and innovation hub in Hefei, China. The investment aims to boost electric vehicle production and includes preparations for the production of two new VWAGY brand models with Chinese partner XPeng Inc. (<a href="https://stocknews.com/stock/XPEV/">XPEV</a>) starting in 2026.
On March 21, VWAGY deepened its partnership with Mobileye Global Inc. (<a href="https://stocknews.com/stock/MBLY/">MBLY</a>) to introduce new automated driving features, utilizing MBLY's SuperVision and Chauffeur platforms across Audi, Bentley, Lamborghini, and Porsche brands. The collaboration aims to integrate partially and highly automated driving features, including automated overtaking and halting at red lights, with plans for full automation in the long term.
During the fiscal year that ended December 31, 2023, VWAGY's sales revenue increased 15.5% from the prior year to €322.28 billion ($345.89 billion). The company reported an operating result and gross profit of €22.58 billion ($24.23 billion) and €61.02 billion ($65.49 billion), up 2.1% and 16.9% year-over-year, respectively. Also, its earnings attributable to VWAGY grew 7.6% year-over-year to €16.01 billion ($17.19 billion).
For fiscal year 2024, VWAGY anticipates sales revenue to surpass the previous year's figure by up to 5%, with an operating return on sales expected to range between 7% and 7.5%.
Street expects VWAGY's revenue to be $352.76 billion for the fiscal year 2024. Its EPS for the same year is expected to grow 67.4% year-over-year to $5.84. The company surpassed the revenue estimates in each of the trailing four quarters.
VWAGY's stock soared 18.7% over the past six months and 16.5% over the past three months to close the last trading session at $15.72.
VWAGY's POWR Ratings reflect its robust prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
VWAGY has an A grade for Value and Stability and a B for Growth. It is ranked #8 within the same industry.
In addition to the POWR Ratings stated above, VWAGY's Momentum, Sentiment, and Quality ratings can be accessed <a href="https://stocknews.com/stock/VWAGY/">here</a>.
Stock #1: REV Group, Inc. (<a href="https://stocknews.com/stock/REVG/">REVG</a>)
REVG designs, manufactures, and distributes specialty vehicles and related aftermarket parts worldwide. Its segments include Fire &amp; Emergency; Commercial; and Recreation, offering a diverse range of products under various brand names.
REVG's forward EV/Sales multiple of 0.46 is 74.1% lower than the industry average of 1.77. Its forward EV/EBITDA of 7.35x is 36.5% lower than the industry average of 11.57x.
On March 29, 2024, Spartan Emergency Response, a REVG subsidiary, appointed Greenwood Emergency Vehicles as its dealer for Maine and New Hampshire, expanding its representation in the Northeast. Greenwood's established reputation and extensive experience in serving fire and EMS providers align with Spartan's commitment to providing quality fire apparatus and excellent customer support.
On March 6, REVG declared a quarterly cash dividend in the amount of $0.05 per share of common stock, payable on April 12, 2024. It pays an annual dividend of $0.20 per share, which translates to a dividend yield of 0.97% on the current share price. Its four-year average yield is 2.28%. The company has raised its dividend payouts at a CAGR of 58.7% over the past three years.
REVG reported net sales of $586 million in the first quarter that ended January 31, 2024. Its adjusted EBITDA and net income rose 43.2% and 113% from the year-ago quarter to $30.50 million and $14.70 million, respectively.
As of January 31, 2024, its total assets amounted to $1.42 billion, compared to total assets of $1.41 billion as of October 31, 2023.
For the fiscal year 2024, REVG expects net sales between $2.45 billion and $2.55 billion, with net income ranging from $224 million to $245 million. Adjusted EBITDA is projected between $145 million and $165 million, while adjusted net income and adjusted free cash flow are anticipated to be $72 million to $90 million and $57 million to $72 million, respectively.
For the fiscal year ending October 2024, REVG's EPS is likely to increase 7.8% year-over-year to $1.47. Its revenue for the same year is expected to be $2.49 billion. The company surpassed consensus revenue and EPS estimates in each of the trailing four quarters.
Shares of REVG have gained 135.7% over the past year and 109.4% over the past nine months to close the last trading session at $23.03. Also, it gained marginally intraday.
REVG's solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
REVG has a B grade for Value, Sentiment, and Quality. Within the same industry, it is ranked #7.
To see additional POWR Ratings for Growth, Momentum, and Stability for REVG, click <a href="https://stocknews.com/stock/REVG/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
VWAGY shares were trading at $15.39 per share on Friday afternoon, down $0.33 (-2.12%). Year-to-date, VWAGY has gained 18.57%, versus a 7.56% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/vwagy-bmwyy-revg-xpev-mbly-top-3-value-auto-stock-buys-for-april/>Top 3 Value Auto Stock Buys for April</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 3 Value Auto Stock Buys for April

Intel's foundry is 'fully dependent' on its design team. That's a red flag, BofA says.

Mobileye to ship at least 46M new assisted-driving chips - report

Mobileye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) announced that it had bagged orders to ship 46 million of its EyeQ6 Lite assisted-driving chips over the coming years. The E...

Mobileye (NASDAQ:MBLY) Bags Orders for 46 Million ADAS Chips

RBC Capital analyst Tom Narayan maintained a Buy rating on Mobileye Global, Inc. Class A (MBLY – Research Report) on April 17 and set a price targe...

RBC Capital Remains a Buy on Mobileye Global, Inc. Class A (MBLY)

AMZN

BMWYY

GOOG

LYFT

NVDA

POAHY

REVG

RYCEY

SBUX

SSNLF

SZKMY

UBER

VWAPY

XPEV

Press Releases

Mobileye to Wind Down Aftermarket Solutions Unit

Legal

DEADLINE ALERT for MBLY, FTFT, BIVI, and BTI: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

MBLY DEADLINE ALERT: Hagens Berman, National Trial Attorneys, Alerts Mobileye Global (MBLY) Investors to Today's Lead Plaintiff Deadline in Securities Class Action

MBLY DEADLINE TODAY: ROSEN, A LEADING LAW FIRM, Encourages Mobileye Global Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MBLY

MBLY FINAL DEADLINE TODAY: ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Mobileye Global Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - MBLY

Automated driving: Volkswagen Group intensifies collaboration with Mobileye

Volkswagen ADMT Announces Agreement With Mobileye for Autonomous Driving

Mobileye Announces Timing of its First Quarter 2024 Results

Mobileye EyeQ6 Lite Launches to Speed ADAS Upgrades Worldwide

MOBILEYE ALERT: Bragar Eagel & Squire, P.C. is Investigating Mobileye Global Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

BIVI

FTFT

Adient

Autoliv

Aptiv

American Axle & Manufacturing Holdings, Inc. Common Stock

American Axle & Mfg Hldgs

BorgWarner

Dana

Dorman Prods

ECARX Holdings Inc. - Class A Ordinary shares

ECARX Holdings

Fox Factory Hldg

Gentex

Garrett Motion

Holley

Hesai Group - American Depositary Share, each ADS represents one Class B ordinary share