Short interest for Renault gives investors a sense of the degree to which investors are betting on the decline of Renault's stock. Short interest data is updated every two weeks.

Renault Stock (OTC:RNLSY), Short Interest Report

Renault possesses a global alliance of automotive manufacturing, financing, and sales operations. The company's alliance partners consist of Dacia (99.4%), Nissan (43.7%), Renault Samsung Motors (80.0%), and Mitsubishi (Nissan owns 34%). The Renault-Nissan-Mitsubishi alliance is the fourth-largest vehicle group in the world as measured by volume, behind Toyota, Volkswagen, and Hyundai/Kia.

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Experts push infrastructure to boost cross-border trade

MONTERREY, Mexico — With nearshoring accelerating trade growth between the U.S. and Mexico, experts said both countries need to focus on infrastructure, technology, policies and cargo security to keep goods flowing seamlessly.

Borderlands Mexico: Experts Push Infrastructure to Boost Cross-Border Trade

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On March 27th, Nissan Motor Co Ltd (OTC: NSANY) revealed it will be investing in Renault SA (OTC: RNLSY), more precisely, its EV unit Ampere.

Nissan Continues Its Global EV Growth Pursuit

Nissan EV Charging

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Renault SA (OTC: RNLSY) revealed a second transaction with its intention to sell to Nissan Motor up to 100.24 million Nissan shares, representing approximately 2.5% of Nissan&#39;s capital. This transaction follows the sale of Nissan shares on December 13, 2023.

Renault To Offload 2.5% Of Nissan Stake: Details

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Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

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Amazon.com Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) &#8220;Fallout&#8221; TV series has been a massive hit, drawing in 65 million viewers within just 16 days of its release, ranking as the second most-watched show since <a href="https://www.benzinga.com/topic/the-lord-of-the-rings">&#8220;The Lord of the Rings: The Rings of Power&#8221; in 2022. </a>
Notably, it&#8217;s Amazon&#8217;s top-performing series among adults aged 18-34, with a majority of its viewership coming from outside the U.S. The show was renewed for a second season shortly after its debut.
See Also: <a href="https://www.benzinga.com/general/gaming/24/04/38504776/next-gen-update-for-fallout-4-owners-excludes-ps-plus-collection-bethesda-confirms">Next-Gen Update For Fallout 4 Owners Excludes PS Plus Collection, Bethesda Confirms</a>
The executive producers, Lisa Joy and Jonathan Nolan, expressed their appreciation for the show&#8217;s success, thanking the cast and partners at Amazon and Bethesda. 
&#8220;Praise be to our insanely brilliant showrunners, Geneva and Graham, to our kick-ass cast, to Todd and James and all the legends at Bethesda, and to Jen, Vernon, and the amazing team at Amazon for their incredible support of this show,&#8221; Joy and Nolan <a href="https://variety.com/2024/tv/news/fallout-renewed-season-2-amazon-1235975879/">said </a>to Variety. &#8220;We can't wait to blow up the world all over again." 
The series&#8217; popularity has also sparked renewed interest in the Fallout video game franchise, with Fallout 76 attracting a whopping 1 million players in a single day. However, the release of Fallout 4&#8217;s next-gen upgrade was marred by technical issues, prompting Bethesda to promise fixes.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38416256/amazons-fallout-series-sparks-record-gameplay-bethesda-reports-nearly-5-million-daily-playe">Amazon&#8217;s Fallout Series Sparks Record Gameplay; Bethesda Reports Nearly 5 Million Daily Players</a>
Photo: <a href="https://www.shutterstock.com/es/g/Popel+Arseniy">Popel Arseniy</a> on Shutterstock.

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Amazon's 'Fallout' TV Series Blasts To 65M Viewers In 16 Days

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has been on a downward trajectory recently, leaving many investors wondering what the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38437196/this-famous-buy-bitcoin-sign-netted-an-intern-1m">future holds for the leading cryptocurrency.</a>
According to Markus Thielen&#8216;s <a href="https://mail.10xresearch.co/p/bitcoin-grinding-lower-10-catalysts-traders-watching?utm_source=mail.10xresearch.co&amp;utm_medium=newsletter&amp;utm_campaign=bitcoin-is-grinding-lower-10-catalysts-traders-are-watching">analysis</a>, the dynamics of Bitcoin trading have evolved significantly, necessitating a keen eye on specific events and developments.
<h1 class="wp-block-heading">Early Mining and Current Scarcity</h1>
Initially, Bitcoin offered substantial returns to early miners, with nearly 50% mined by 2012 and about 80% by 2017 when the prices were relatively low. 
Now, with 93.8% of Bitcoin mined, new market entrants are finding higher entry barriers and diminishing cycle returns. 
&#8220;Time in the market beats timing the market, but as Bitcoin matures, understanding and reacting to catalysts is vital for investment strategies,&#8221; Thielen notes.
<h1 class="wp-block-heading">Diminishing Returns and the Importance of Market Timing</h1>
From staggering 560x returns in 2013 to a modest 4-5x in the ongoing 2024 bull market, Bitcoin&#8217;s lucrative days of easy gains seem to be tapering off. 
The frequency of days yielding over 10% returns has also declined sharply, emphasizing the need for strategic market timing over a long-only investment approach.
<h1 class="wp-block-heading">Macro Factors and Regulatory Watch</h1>
Thielen highlights the influence of macroeconomic factors on Bitcoin. 
Notably, a halt in Bitcoin ETF inflows coincided with rising U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) figures, underscoring the crypto&#8217;s sensitivity to inflation indicators. 
Additionally, regulatory developments remain a critical watchpoint. 
Despite a surge in Ethereum prices following a potential ETF listing, the approval odds remain slim. 
&#8220;Traders should mark May 23 and 24 on their calendars when the SEC decides on key ETF applications,&#8221; Thielen advises.
<h1 class="wp-block-heading">Federal Reserve Decisions and Economic Data</h1>
The upcoming Federal Reserve meeting on May 1 and subsequent economic releases including employment data and PPI figures are seen as potential catalysts. 
These events could indicate economic trends such as stagflation that significantly impact Bitcoin&#8217;s valuation.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38464921/michael-saylor-summarizes-why-microstrategy-is-superior-to-bitcoin-etfs">Michael Saylor Summarizes Why MicroStrategy Is Superior To Bitcoin ETFs</a>
<h1 class="wp-block-heading">Options Expiry and MicroStrategy's Influence</h1>
The recent options expiry on April 26 saw $9.4 billion in contracts mature, historically aiding in price stabilization. 
However, Thielen cautions about increased volatility until the next significant expiries due at the end of May and June.
MicroStrategy Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) strategic financial maneuvers, particularly under Michael Saylor's direction, have previously influenced Bitcoin's price. 
The <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38520610/whats-going-on-with-microstrategy-stock-tuesday">first-quarter earnings announcement on April 29</a> and anticipation of the potential early adoption of new FASB accounting guidelines could lead to significant price movements.
<h1 class="wp-block-heading">Index Inclusion and Market Saturation</h1>
Looking ahead, MicroStrategy&#8217;s potential inclusion in the S&amp;P 500 on June 1, dependent on its market cap and share availability, is another area drawing attention. 
&#8220;However, with the stock still overvalued, further capital raises might be on the horizon, though market saturation with MicroStrategy shares remains a concern,&#8221; Thielen adds.
As the landscape for digital assets continues to evolve, these catalysts provide critical waypoints for traders and investors. 
Such discussions will be further explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry leaders will converge to discuss the pathways and challenges in the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38460707/stripe-makes-a-crypto-comeback-accepts-stablecoins-for-online-payments">burgeoning crypto economy.</a>
Read Next: <a href="EXCLUSIVE: Why The EigenLayer Airdrop Both Excites And Disappoints - Benzinga">EXCLUSIVE: Why The EigenLayer Airdrop Both Excites And Disappoints</a>
Photo: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Bitcoin Grinds Lower: Catalysts Traders Will Watch For Their Next Moves

Ashford Hospitality Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHT#NYSE">AHT</a>) (&quot;Ashford Trust&quot; or the &quot;Company&quot;) today announced its preliminary expectations for net income attributable to common stockholders, Adjusted EBITDAre, and Adjusted FFO for the first quarter ended March 31, 2024.
The Company reported today a preliminary estimated range of net income attributable to common stockholders of approximately $66.4 million to $68.4 million or $0.59 to $0.61 per share, a preliminary estimated range of Adjusted EBITDAre of $58.5 million to $60.5 million, and a preliminary estimated range of Adjusted FFO available to common stockholders and OP unitholders of $(14.7) million to $(12.7) million for the first quarter ended March 31, 2024. Final results for the first quarter ended March 31, 2024 will be released on May 7, 2024, as previously announced.
We use certain non-GAAP measures, in addition to the required GAAP presentations, as we believe these measures improve the understanding of our operational results and make comparisons of operating results among peer real estate investment trusts more meaningful. Non-GAAP financial measures used in this press release, which should not be relied upon as a substitute for GAAP measures, are FFO, AFFO, EBITDA, EBITDAre and Adjusted EBITDAre. Please refer to our most recently filed Annual Report on Form 10-K for a more detailed description of how these non-GAAP measures are calculated. The reconciliations of non-GAAP measures to the closest GAAP measures are provided below and provide further details of our results for the periods being reported.
The following tables are reconciliations of the Company&#39;s preliminary estimated GAAP net income (loss) to the Company&#39;s preliminary estimated EBITDA, EBITDAre, Adjusted EBITDAre, FFO and Adjusted FFO:

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Ashford Hospitality Trust Reports Preliminary Estimated Range Of Net Income ~$66.4M-$68.4M Or $0.59-$0.61 Per Share; EBITDAre Of $58.5M-$60.5M; Adj FFO $(14.7M)-$(12.7M) For Q1 Ended March 31, 2024. Final Results For Q1 Will Be Released On May 7, 2024

In a historic trading session on Tuesday, cannabis stocks soared following the <a href="https://www.benzinga.com/markets/cannabis/24/04/38530190/breaking-dea-reportedly-moves-to-reschedule-cannabis-stocks-rise-sharply-on-the-news">DEA&#39;s reported decision to reclassify marijuana</a> from Schedule I to Schedule III under the Controlled Substances Act.
This regulatory shift, which would align with a recommendation from the Department of Health and Human Services<a href="https://www.benzinga.com/markets/cannabis/24/04/38531355/cannabis-stocks-and-etfs-surge-as-dea-moves-to-reschedule-marijuana">&nbsp;sparked investor interest</a>
evidenced by gains in major cannabis stocks on the NASDAQ.
Canopy Growth Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NASDAQ">CGC</a>) led the gains, skyrocketing by 78.8% to close at $14.88 per share amid a trading frenzy that pushed the volume to 79.25 million shares.
Aurora Cannabis (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acb#NASDAQ">ACB</a>) wasn&#39;t far behind, climbing 46% to close at $9.23 per share with a volume of 37.921 million shares. Tilray Brands Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) also enjoyed an upswing, rising 39.5% to end the day at $2.47 per share with a volume of 147.306 million shares.
WM Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/maps#NASDAQ">MAPS</a>) saw a moderate increase of 1.44%, closing at $1.06 per share, with trading volume reaching 4.428 million shares.
The sudden uptick in these stocks highlights the market&#39;s optimistic reaction to the DEA&#39;s policy change, but when placed in the context of the year&#39;s performance, the perspective shifts slightly.
<h3>A Rocky Road</h3>
Aurora Cannabis, for example, experienced a robust recovery from its earlier slump in January, climbing 43.96% from its low in April before the most recent jump of 46%. Similarly, Canopy Growth Corporation managed a striking rally of 162.31% in March, despite a slight dip in April, culminating in an extraordinary single-day surge of 78.8%.
These fluctuations underscore a pattern of high volatility, suggesting that while the upsurges are significant, they are part of broader, unstable trading patterns that have characterized these stocks throughout the year.
Conversely, stocks like Tilray and WM Technology, Inc. have also shown significant swings, with Tilray rising 42.77% in March only to fall again in April&nbsp;and MAPS experiencing a decline of 21.43% after a strong gain.
These movements indicate that while the DEA&#39;s recent policy change has indeed injected a dose of optimism into the market, the broader year&#39;s perspective reveals fluctuating valuations.&nbsp;
Pro tip: Learn all about the future of the cannabis industry at the Benzinga Cannabis Capital Conference this October in Chicago. Hear directly from key industry players and policymakers. Get your tickets now by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noopener noreferrer" target="_blank">this link</a>, and access a 20% discount using the code JAVI20.
<h3>Stock Performance In The Last Quarter</h3>
In the third quarter, Aurora <a href="https://www.benzinga.com/markets/cannabis/24/02/37011868/aurora-touts-41-yoy-increase-in-international-medical-cannabis-q3-revenue-expands-in-australia-v">reported</a> a modest rise in net revenue to CA$64.4 million ($68.7 million), up from CA$61.1 million in the same quarter last year, and growth in its medical marijuana segment, which saw a 16% increase to CA$45.1 million.
Tilray Brands showed a <a href="https://www.benzinga.com/markets/cannabis/24/04/38160302/cannabis-giant-tilray-reports-30-yoy-increase-in-q3-net-revenue-updates-fy-2024-guidance">stronger performance</a>&nbsp;with third-quarter net revenue jumping 30% year-over-year to $188.3 million with its adjusted gross profit improving by 17% to $51.6 million.
Conversely, Canopy Growth presented a <a href="https://www.benzinga.com/markets/cannabis/24/02/37034521/canopy-growth-reports-7-yoy-drop-in-q3-revenue-ceo-touts-new-era-for-company-as-it-seeks-us-list">mixed financial picture</a>, noting an 81% increase in its &ldquo;rest-of-world&rdquo; cannabis revenue, which reached CA$10.5 million. Yet&nbsp;its core Canadian cannabis segment experienced a decline, with net revenue falling from CA$46.6 million in the prior year&#39;s quarter&nbsp;to CA$39 million.&nbsp;
<h3>What Happens Next?</h3>
As the DEA proposes reclassifying cannabis from Schedule I to Schedule III, the Marijuana Policy Project <a href="https://www.benzinga.com/markets/cannabis/24/04/38531267/marijuana-policy-project-reacts-with-scepticism-to-deas-proposal-to-reschedule-cannabis">noted </a>the limited impact this change has on the criminalization of cannabis users under state laws and advocates for more robust state-level initiatives for comprehensive cannabis legalization and fair medical laws.
The U.S. Cannabis Council, through its executive director Edward Conklin, <a href="https://www.benzinga.com/markets/cannabis/24/04/38531182/us-cannabis-council-call-dea-historic-decision-to-reclassify-cannabis-a-tectonic-shift">described</a> the DEA&#39;s decision as a &quot;tectonic shift&quot; in drug policy, emphasizing the economic and social benefits expected from moving cannabis to Schedule III, including potentially ending the restrictive 280e&nbsp;tax penalty.
In a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38226873/analyst-reacts-to-fda-commish-comments-medical-and-recreational-cannabis-could-have">recent report</a>, senior analyst Pablo Zuanic suggested the rescheduling&nbsp;of cannabis could focus primarily on medical cannabis, which could allow for more controlled and supported medical use under federal guidelines.
This would enable better research, development&nbsp;and medical application of cannabis, enhancing its legitimacy and accessibility as a therapeutic substance.
<h3>Who Wins With Rescheduling?</h3>
The rescheduling of cannabis carries implications for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33482140/rescheduling-cannabis-what-are-the-implications-for-msos-tax-rule-280e-fda-and-phar">various stakeholders within the industry</a>, including multistate operators, pharmaceutical companies&nbsp;and federal regulatory bodies like the FDA.
Removing <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33482521/curaleaf-and-trulieve-lead-the-pack-in-tax-payments-a-look-at-16-cannabis-msos-liab">Tax Rule 280E </a>could increase profitability for U.S. cannabis businesses by lowering their effective tax rates, which have been notably high. This advantage is balanced by the introduction of potential FDA oversight and the entry of pharmaceutical companies into the market.
This transition could render cannabis federally legal under certain schedules, increasing regulatory requirements and altering the competitive landscape by enabling pharmaceutical entities to potentially dominate, especially in the medical cannabis segment.
The reduction of the 280E tax burden would provide financial relief but also bring the risk of enhanced regulation and operational challenges. Zuanic also points out that MSOs might see <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/34153665/cannabis-tax-changes-could-trigger-504-cash-flow-leap-which-industry-players-will-b">improvements in cash flow management</a> and tax reductions.&nbsp;
Photo: AI-Generated Image.&nbsp;

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Cannabis Stocks React To DEA Rescheduling: Canopy & Aurora Surge, Tilray, WM Tech Hold Steady

The battle between Donald Trump and Joe Biden for the White House is nearing the six-month mark for voters to decide which candidate will win the<a href="https://www.benzinga.com/topic/2024-election"> 2024 election on Nov. 5, 2024.</a>
A new poll shows how voters in key swing states would vote today.
What Happened: Many<a href="https://www.benzinga.com/topic/election-poll"> election polls </a>point to a close race between Biden and Trump in the 2024 election, an event that could be a rematch of the 2020 presidential election won by Biden.
A new Emerson College poll shows how voters in key swing states would vote in a head-to-head matchup of Trump and Biden and also how they would vote when the two candidates face off against key third-party candidate Robert F. Kennedy Jr.
Here are the results for the head-to-head <a href="https://emersoncollegepolling.com/trump-holds-edge-over-biden-in-seven-key-swing-state-polls/">poll</a>:
Arizona: 44% Biden, 48% Trump, 8% Undecided
Georgia: 44% Biden, 47% Trump, 9% Undecided
Michigan: 44% Biden, 45% Trump, 11% Undecided
Nevada: 44% Biden, 45% Trump, 11% Undecided
North Carolina: 42% Biden, 47% Trump, 10% Undecided
Pennsylvania: 45% Biden, 47% Trump, 8% Undecided
Wisconsin: 45% Biden, 47% Trump, 8% Undecided
The poll shows Trump winning all seven states in the head-to-head matchup against Biden. Trump's lead is only one point in several states.
"The share of undecided voters has reduced and Biden gained ground in Georgia and Nevada, narrowing the gap, while Trump has maintained a slight edge on Biden in Pennsylvania and Wisconsin," Emerson College Polling executive director Spencer Kimball said.
Here are the results of the poll when Robert F. Kennedy and other candidates are considered. The remaining percentage for each state went to other or undecided.
Arizona: 40% Biden, 44% Trump, 9% Kennedy Jr.
Georgia: 39% Biden, 45% Trump, 5% Kennedy Jr.
Michigan: 42% Biden, 43% Trump, 5% Kennedy Jr.
Nevada: 37% Biden, 42% Trump, 8% Kennedy Jr.
North Carolina: 37% Biden, 46% Trump, 6% Kennedy Jr.
Pennsylvania: 41% Biden, 45% Trump, 6% Kennedy Jr.
Wisconsin: 40% Biden, 45% Trump, 6% Kennedy Jr.
When third-party candidates are included for voters, Biden loses more support than Trump in five states. Two states (Arizona, Michigan) see both Biden and Trump lose the same amount of support.
Related Link: <a href="https://www.benzinga.com/general/politics/24/04/38348604/biden-vs-trump-new-poll-shows-tie-in-2024-election-race-one-candidate-gains-among-independent-vo">Biden Vs. Trump: New Poll Shows Tie In 2024 Election Race, One Candidate Gains Among Independent Voters</a>
Why It's Important: The poll results show Trump with a lead in all states in head-to-head and with other candidates to choose from.
The poll also found that Independent voters favored Trump over Biden in five of the swing states with Biden winning in Georgia and Wisconsin. Biden also led Trump in the states of Michigan, Pennsylvania and Wisconsin among voters who are members of labor unions.
The other bad news for Biden was the poll asking voters about the <a href="https://www.benzinga.com/general/politics/24/04/38326553/trump-hush-money-trial-has-12-jurors-here-are-the-7-men-5-women-to-decide-former-presidents-fate">criminal case against Trump</a> alleging hush money payments. The poll found that voters in six of the seven states said they were more likely to support Trump if he's found guilty in the case versus the number of voters who said they were less likely to support Trump.
The <a href="https://www.benzinga.com/general/politics/24/03/37884006/trump-vs-biden-key-swing-states-arizona-nevada-michigan-wisconsin-show-close-races-heres-the-rol" target="_blank" rel="noreferrer noopener">seven swing states </a>together represent 93 electoral votes in the 2024 election. Six of the seven swing states were won by Biden in the 2020 election, with Trump winning North Carolina. Five of the seven swing states won by Biden in 2020 flipped from Trump&#8217;s win in 2016, including Arizona, Michigan and Wisconsin.
While the 2024 election is months away, recent polls of voters in swing states have not shown favorable results for Biden, which could be worrisome for his campaign.
Read Next: <a href="https://www.benzinga.com/general/politics/24/04/38523639/judge-threatens-trump-with-incarceration-fines-him-for-violating-gag-order-jail-may-be-a-necessa">Judge Threatens Trump With Incarceration, Fines Him For Violating Gag Order: &#8216;Jail May Be A Necessary Punishment&#8217;</a>
Photos: Shutterstock

Trump Vs. Biden: Former President Holds Lead In All 7 Swing States, Which Candidate Does Robert F. Kennedy Jr. Hurt More?

Huron Consulting Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HURN#NASDAQ">HURN</a>) reported quarterly earnings of $1.23 per share which beat the analyst consensus estimate of $0.89 by 38.2 percent. This is a 41.38 percent increase over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $355.961 million which beat the analyst consensus estimate of $351.014 million by 1.41 percent. This is a 11.97 percent increase over sales of $317.895 million the same period last year.

Earnings Beats

HURN

Huron Consulting Gr Q1 2024 Adj EPS $1.23 Beats $0.89 Estimate, Sales $355.961M Beat $351.014M Estimate

Investors who bought leading cryptocurrency Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) years ago likely enjoyed a strong 2024 that saw the approval of Bitcoin ETFs and new all-time highs reached on several occasions <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37498047/exclusive-bitcoin-hits-new-all-time-high-heres-when-benzinga-readers-think-100k-milestone-#:~:text=While%20the%20all%2Dtime%20high,52%2Dweek%20high%20of%20%2468%2C789.63.">in March.</a>
A YouTuber begged people to put $1 into Bitcoin in a video shared on May 9, 2013. Here's a look back at the video and how much viewers could have made following his advice.
What Happened: YouTuber Davinci Jeremie launched several videos about Bitcoin prior to 2013, including those calling for viewers to<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38041549/trader-who-urged-everyone-to-buy-1-of-bitcoin-in-2013-now-advocates-for-dogecoin-killer-sh"> buy $1 in Bitcoin.</a>
His most famous video was one from May 9, 2013, titled "Bitcoin update – just buy $1 worth of bitcoin please!"
In the <a href="https://www.youtube.com/watch?v=Cw29h7LhEuE">video</a>, Jeremie told viewers Bitcoin "is more than just a payment system." The YouTuber praised Bitcoin creator Satoshi Nakamoto in the video and said the cryptocurrency could remain free and open and accomplish many things in the future.
"It is a freedom provider for the rest of humanity," Jeremie said.
Jeremie recognized many viewers were skeptical of Bitcoin, but he suggested investing a small amount of money and putting it into Bitcoin, then placing the investment aside for years.
"I suggest you take one fricking dollar, one dollar, buy some Bitcoins."
The YouTuber said it's just a dollar so if the investment goes to zero, you're not out much.
"It's just a dollar, get some Bitcoins."
Jeremie said he knew most viewers wouldn't take his advice.
"You're going to be thanking me."
Fast forward to 2024 and listening to Jeremie's advice could have netted huge returns for anyone who listened to his YouTube video.
Bitcoin traded between $109.60 and $115.78 on May 9, 2013, the date the video aired on YouTube, according to data from <a href="https://www.statmuse.com/money/ask/bitcoin-price-may-2013">Statmuse</a>. 
Investing $1 at the time could have purchased 0.0086 Bitcoin based on the day's high price. Today that $1 investment would be worth $516.26 based on a price of $60,029.90 for Bitcoin at the time of writing.
This marks an incredible return of 51,526% over the past 11 years.
Investors who felt more risky and invested $1,000 could have turned their investment into $518,484.25 over the past 11 years.
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37381457/if-you-bought-1-worth-of-bitcoin-at-launch-heres-how-much-youd-have-today">If You Bought $1 Worth Of Bitcoin At Launch, Here&#8217;s How Much You&#8217;d Have Today</a>
Why It's Important: While it may be easy to look back at Jeremie's advice today and celebrate it at the time cryptocurrency was still considered a risky trade to many.
The key to Jeremie's video was the relative small investment amount he proposed. In the video description he mentioned buying Bitcoin "for the price of a lotto ticket" and holding it for 10 years.
The hypothetical investment illustrates how a small investment can grow over time. The small amount also shows the risk/reward profile illustrated by Jeremie who told viewers that if Bitcoin went to $0 they were only out the $1 they put into the cryptocurrency.
Jeremie has grown his following on YouTube to 519,000 <a href="https://www.youtube.com/channel/UCP0g6ygQkYjmog801YnNqtQ">subscribers </a>thanks to his previous call on Bitcoin. The content creator also has over 600,000 followers on <a href="https://www.instagram.com/davincij15/?hl=en">Instagram</a>.
Benzinga recently wrote that Jeremie has been advocating for Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) when asked by followers about the meme coin.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36462666/if-you-invested-1-000-in-bitcoin-at-the-last-bitcoin-halving-heres-how-much-youd-have-toda">If You Invested $1,000 In Bitcoin At The Last Bitcoin Halving, Here&#8217;s How Much You&#8217;d Have Today</a>
Photo: <a href="https://www.shutterstock.com/g/Mc_Cloud">Mc_Cloud</a> via Shutterstock

Education

$SHIB

If You Invested $1 In Bitcoin When YouTuber Said 'One Dollar, Buy Some Bitcoins,' Here's How Much You'd Have Today

OPGN

UPDATE: OpGen deal was announced Monday.

Euro Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLWT#NASDAQ">CLWT</a>) reported quarterly earnings of $0.24 per share. This is a 380 percent increase over earnings of $0.05 per share from the same period last year. The company reported $17.94 million in sales this quarter. This is a 20.01 percent increase over sales of $14.95 million the same period last year.

CLWT

Euro Tech Hldgs FY EPS $0.24 Up From $0.05 YoY, Sales $17.94M Up From $14.95M YoY

WIIM

Viant Technology shares are trading higher after the company announced better-than-expected Q1 results and authorized a repurchase program.

Asset Sales

PG&E Comments In Emailed Statement, Sees Deal With KKR Cutting Rates By $100M+ Over Next 20 Years; Would Remain Majority Owner Of Pacific Generation

LMND

Lemonade shares are trading higher after the company reported better-than-expected Q1 financial results and raised its FY24 revenue guidance above estimates.

POAI

Predictive Oncology shares are trading higher after the company announced a collaboration with FluGen for an intranasal flu vaccine.

ROOT

Root shares are trading higher after the company reported better-than-expected Q1 financial results.

Caesars Entertainment shares are trading lower following a Q1 revenue miss.

POWL

Powell Industries shares are trading higher after the company reported better-than-expected Q2 financial results.

10x Genomics shares are trading lower following worse-than-expected Q1 results.

EV Company News For The Month Of January 2024

Renault and Geely form JV to build ICE and hybrid engines - report

Renault SA: Cheap For A Reason

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
A lot of <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a> have announced increases to start the year as their earnings for the final months of 2023 came in better than had been anticipated. French automaker Renault (OTCMKTS:<a href="https://investorplace.com/stock-quotes/rnlsy-stock-quote/">RNLSY</a>) just <a href="https://www.baystreet.ca/dividends/965/French-Automaker-Renault-Raises-Dividend-By-640">raised its dividend</a> payment by an astounding 640%. Coca-Cola (NYSE:<a href="https://investorplace.com/stock-quotes/ko-stock-quote/">KO</a>) has hiked its dividend for <a href="https://www.barrons.com/articles/coca-cola-dividend-4ced4850">the 62nd year in a row</a>, securing the beverage giant in a a select group of companies that have boosted their payouts for 60 years or more. 



Organizations continue to view dividends as a positive way to reward shareholders and attract new investors who look to generate passive income from their portfolio. Payments from dividend stocks continue to be highly prized by investors, particularly those in retirement and living on a fixed income. With earnings remaining strong and plenty of cash on hand, publicly traded companies are able to maintain and grow their dividend payments over many years. Here are dividend stocks with unstoppable payouts. 



<h2>Domino&rsquo;s Pizza (DPZ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/dpz1600-300x169.jpg" alt="A tall Domino's Pizza (DPZ) sign stands in Eau Claire, Wisconsin."><div>Source: Ken Wolter / Shutterstock.com</div></div>Domino&rsquo;s Pizza (NYSE:<a href="https://investorplace.com/stock-quotes/dpz-stock-quote/">DPZ</a>) just has <a href="https://www.baystreet.ca/dividends/968/Dominos-Pizza-Raises-Dividend-By-25968">raised its quarterly dividend</a> by 25% as it reported better-than-expected financial results. The company that operates more than 18,000 pizza outlets worldwide announced that it will pay shareholders a quarterly dividend of $1.51 per share going forward, up from $1.21 previously. The increased dividend payout takes the yield on DPZ stock up to 1.35%. Domino&rsquo;s also announced a new $1 billion stock buyback, which is in addition to the $141.3 million that&rsquo;s outstanding on a current share repurchase program.



This is <a href="https://www.nasdaq.com/market-activity/stocks/dpz/dividend-history">the 20th year</a> that Domino&rsquo;s Pizza has paid a dividend to shareholders. Since 2004, the dividend payout has increased more than 2,400%, rising from 6 cents a share to $1.51 today. Domino&rsquo;s has also paid out special, one-time dividends to its shareholders on occasion, including a heft payment of $13.50 per share back in 2007. The current dividend looks sustainable given that Domino&rsquo;s continues to report financial results that exceed expectations, and it is in a good cash position. DPZ stock is also performing well, having risen 51% in the last 12 months. 



<h2>UBS Group (UBS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/03/ubs-stock-bank-sign-1600-300x169.jpg" alt="UBS (UBS) bank sign on gray stone wall with red and gray logo"><div>Source: shutterstock.com/Judith Linine</div></div>Swiss banking giant UBS (NYSE:<a href="https://investorplace.com/stock-quotes/ubs-stock-quote/">UBS</a>) also recently <a href="https://www.baystreet.ca/globalmarkets/3489/UBS-Raises-Dividend-25-And-Restarts-Share-Buybacks">raised its dividend payment</a> to shareholders by 25% after posting strong earnings. Going forward, UBS said it will pay its stockholders an annual dividend of 70 cents a share, up from 56 cents before. The new dividend payment works out to 17.5 cents per share each quarter, and lifts the dividend yield on UBS stock to a strong 2.42%. The dividend hike was announced along with plans for UBS to restart its share repurchase program in the second half of this year. UBS said it plans to buyback $1 billion of its own stock by the end of 2024.



The dividend hike and <a href="https://www.cnbc.com/2024/02/06/ubs-beats-earnings-expectations-announces-up-to-1-billion-share-buyback.html">resumption of stock buybacks</a> comes as UBS successfully integrates former rival Credit Suisse, which it bought for $3.2 billion in March of last year amid the short-lived global banking crisis. UBS has said that the absorption of Credit Suisse has gone smoother and quicker than anticipated, including the layoffs of more than 3,000 staff and resulting severance packages. That UBS is confident enough to raise its dividend payment to shareholders is a positive sign. UBS stock has increased 23% in the nearly one year since it took over Credit Suisse.



<h2>American Express (AXP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/american_express_axp1600-300x169.jpg" alt="the American Express logo etched into wood"><div>Source: First Class Photography / Shutterstock.com</div></div>Since the year 2000, credit card giant American Express (NYSE:<a href="https://investorplace.com/stock-quotes/axp-stock-quote/">AXP</a>) has grown its dividend payout 775%. In late January of this year, the company announced that it is <a href="https://www.baystreet.ca/dividends/956/American-Express-Raises-Dividend-By-17-As-Outlook-Improves">raising its quarterly dividend payment </a>by 17% as its 2024 outlook improves. American Express will pay a dividend of 70 cents per share, up from 60 cents previously. The increased dividend payout will begin with the first quarter 2024 dividend declaration, the company said. The increase lifts American Express&rsquo; annual dividend yield above 1.50% and takes its annual payout to $2.80 per share.



The dividend increase was announced along with <a href="https://www.barrons.com/articles/american-express-earnings-stock-price-41a9ff4e">a sunny outlook</a>, with American Express saying that it expects revenue growth of 9% to 11% and earnings of $12.65 to $13.15 this year. The guidance was better than the earnings of $12.38 a share expected on Wall Street. The credit card company said that it foresees consumer spending remaining strong throughout 2024, and possibly strengthening in 2025 as well. Since announcing the positive forward guidance and dividend increase, AXP stock has been on a tear, rising 15% through two months of the year. In the last 12 months, the stock is up 25%. 



On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/dividend-dynamos-3-stocks-with-unstoppable-payouts/">Dividend Dynamos: 3 Stocks With Unstoppable Payouts</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Dividend Dynamos: 3 Stocks With Unstoppable Payouts

EV Company News For The Month Of February 2024

Honda and Nissan considering EV collaboration - report

The automotive industry is flourishing due to the surging demand for vehicles, further backed by rapid EV adoption globally and several technological developments. Thus, it could be wise to buy quality auto stocks Oshkosh (OSK) and Gates Industrial (GTES), while Renault (RNLSY) appears to be a better fit for your watchlist for now. Read on… Rising disposable incomes, flexible financing options, rapid urbanization, and evolving mobility preferences have mainly influenced consumer demand for vehicles. Further, government incentives and subsidies, especially for clean energy vehicles, and continued innovation in areas such as EVs, autonomous driving, and connected cars will drive the auto industry's growth.
Given the industry's bright prospects, fundamentally sound auto stocks Oshkosh Corporation (<a href="https://stocknews.com/stock/OSK/">OSK</a>) and Gates Industrial Corporation plc (<a href="https://stocknews.com/stock/GTES/">GTES</a>) could be ideal additions to your portfolio, while it seems wise to wait for a better entry point in Renault SA (<a href="https://stocknews.com/stock/RNLSY/">RNLSY</a>).
According to the Cox Automotive team's forecast, <a href="https://www.coxautoinc.com/news/cox-automotive-forecast-february-2024-u-s-auto-sales-forecast/">new vehicle sales in the U.S. saw a surge in February</a>, driven by warmer weather and a rise in consumer sentiment as measured by Morning Consult. The seasonally adjusted annual sales rate (SAAR) for new vehicles last month is forecast to grow from January and finish near 15.4 million.
Total new-vehicle sales for February are estimated to be around 1.25 million units, exceeding the forecast of 1.22 million units and marking a 9.6% increase year-over-year.
As per the Spherical Insights report, the global automotive industry market is expected to grow at a <a href="https://www.sphericalinsights.com/reports/automotive-industry-market#:~:text=The%20Global%20Automotive%20Industry%20Market,USD%206%2C861.45%20Billion%20by%202033.">CAGR of 6.8%</a>, resulting in a market volume of $6.86 trillion by 2033. Rising demand for commercial vehicles amid rapid population growth, urbanization, and increasing infrastructure spending is the primary driver of the market growth.
The <a href="https://www.statista.com/outlook/mmo/electric-vehicles/worldwide">electric vehicles (EVs) buzz</a> is expected to continue in 2024, with a projected revenue of $623.30 billion. Further, the market is expected to reach a volume of $906.70 billion by 2028, growing at a CAGR of 9.8% during the forecast period.
The accelerated pace of the automotive market has fuelled the auto parts and accessories market. Economic expansion, technological advancements, an aging vehicle population, customization preferences, increasing disposable income, and growth of e-commerce are key factors influencing market expansion.
The <a href="https://www.verifiedmarketresearch.com/product/auto-parts-and-accessories-market/">auto parts and accessories market</a> is projected to grow at a CAGR of 5.7% from 2024 to 2030.
Considering these factors, investors could add fundamentally sound auto stocks OSK and GTES to their portfolio, while it seems prudent to wait for a better entry point in RNLSY.
Stock to Watch:
Renault SA (<a href="https://stocknews.com/stock/RNLSY/">RNLSY</a>)
Based in Boulogne-Billancourt, France, RNLSY is engaged in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles worldwide. The company also offers design and production of parts and equipment used for manufacturing and operating vehicles. It operates in Automotive; Sale Financing; and Mobility Services segments.
On February 14, 2024, RNLSY proposed a dividend for the fiscal year 2023 of €1.85 ($2.01) per share, up €1.60 ($1.74) per share from the last year. The dividend will be paid fully in cash and will be submitted for approval at the Annual General Meeting on May 16, 2024. The ex-dividend date is scheduled on May 22, 2024, and the payment date on May 24, 2024.
In the year 2024, RNLSY is set for seven new vehicle launches, including two new all-electric vehicles with Scenic E-TECH electric, two new hybrid vehicles in Europe, including Rafale E-TECH, New Renault Master (ICE and all-electric versions), and two new vehicles in markets outside Europe: Kardian and a Renault Korea Motors vehicle.
RNLSY's trailing-12-month EBIT margin of 7.66% is 1.4% higher than the industry average of 7.55%. But, the stock's trailing-12-month net income margin of 4.20% is 13.7% lower than the industry average of 4.86%. Also, its trailing profit margin of 20.81% is 41.8% lower than the 35.77% industry average.
In terms of forward EV/Sales, RNLSY is trading at 1.06x, 13.2% lower than the industry average of 1.23x. Likewise, the stock's forward EV/EBITDA multiple of 7.96 is 16.4% lower than the industry average of 9.53.
For the fiscal year that ended December 31, 2023, RNLSY's group revenue increased 13.1% year-over-year to €52.38 billion ($57 billion). Its operating income grew 13.4% year-over-year to €2.48 billion ($2.70 billion). The company's net income came in at €2.31 billion ($2.52 billion), against a net loss of €716 million ($779.31 million) from the previous year.
In addition, the company's <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> increased 42.7% from the previous year to €3.02 billion ($3.29 billion).
As per the company's outlook for fiscal 2024, RNLSY expects a group operating margin of more than 7.5%, and its free cash flow is estimated to exceed €2.50 billion ($2.72 billion).
Analysts expect RNLSY's revenue for the first quarter (ending March 2024) to increase 1.7% year-over-year to $12.82 billion. For the fiscal year ending December 2024, the company's revenue is expected to grow 5.2% year-over-year to $59.09 billion.
The stock has surged 16.1% over the past six months and 23% over the past year to close the last trading session at $9.30.
RNLSY's mixed outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to a Neutral in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a C grade for Growth, Sentiment, and Quality. Within the <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry, RNLSY is ranked #23 out of 53 stocks.
<a href="https://stocknews.com/stock/RNLSY/">Click here</a> to access additional ratings of RNLSY (Value, Stability, and Momentum).
Stocks to Buy:
Oshkosh Corporation (<a href="https://stocknews.com/stock/OSK/">OSK</a>)
OSK offers purpose-built vehicles and equipment. It operates through three segments: Access; Defense; and Vocational. The company designs and manufactures aerial work platforms and telehandlers for use in construction, industrial, and maintenance applications and offers financing and leasing solutions.
On February 29, 2024, OSK announced an investment in Eatron&#xAE; Technologies, a pioneering developer of Artificial Intelligence (AI) powered Battery Management Software (BMS). OSK's investment in Eatron underpins its vision to utilize advanced analytics and predictive modeling for lithium-ion batteries to manage its wide range of electric vehicles.
"The investment in Eatron Technologies is part of our broader strategy to collaborate with advanced technology companies to accelerate bringing best in class innovation to our customers," said John Pfeifer, president and chief executive officer at OSK.
On November 27, 2023, OSK announced that the U.S. Army Contracting Command – Detroit Arsenal (ACC-DTA) awarded a production contract for the Medium Equipment Trailer (MET). Under the deal, OSK is required to produce an estimated 557 trailers in the five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract, including the option for two additional years.
OSK's trailing-12-month net income margin of 6.19% is 6.5% higher than the 5.81% industry average. Also, the stock's trailing-12-month ROCE and ROTC of 17.36% and 12.32% are 44.7% and 75.9% higher than the respective industry averages of 12% and 7%.
In terms of forward non-GAAP P/E, OSK is trading at 11.28x, 38.7% lower than the industry average of 15.67x. Likewise, the stock's forward EV/Sales multiple of 0.83 is 53.3% lower than the industry average of 1.78. Further, its forward Price/Sales of 0.74x is 49.1% lower than the industry average of 1.45x.
For the fourth quarter that ended December 31, 2023, OSK's net sales grew 11.9% year-over-year to $2.47 billion. Its adjusted consolidated operating income increased 54.2% from the year-ago value to $239.90 million. The company's adjusted net income and adjusted EPS came in at $169.4 million and $2.56, up 57.7% and 57% year-over-year, respectively.
In addition, the company's total assets were $9.13 billion as of December 31, 2023, compared to total assets of $7.73 billion as of December 31, 2022.
As per the fiscal year 2024 outlook, OSK estimates its EPS to be in the range of $9.45, and its adjusted EPS is expected to be in the range of $10.25, with projected net sales of nearly $10.40 billion.
Analysts expect OSK's revenue and EPS for the first quarter (ending March 2024) to grow 9.7% and 41.2% year-over-year to $2.49 billion and $2.24, respectively. Further, the company has surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Over the past six months, OSK's stock has gained 18.1% and 45.1% over the past year to close the last trading session at $116.40.
OSK's POWR Ratings reflect its bright prospects. The stock has an overall grade of B, translating to a Buy in our proprietary rating system.
OSK has a B grade for Value and Momentum. It is ranked #15 among 53 stocks within the Auto &amp; Vehicle Manufacturers industry.
To see the other ratings of OSK for Sentiment, Growth, Quality, and Stability, <a href="https://stocknews.com/stock/OSK/">click here</a>.
Gates Industrial Corporation plc (<a href="https://stocknews.com/stock/GTES/">GTES</a>)
GTES manufactures and sells engineered power transmission and fluid power solutions internationally. The company operates in two segments: Power Transmission and Fluid Power. It offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts.
On February 20, 2024, GTES launched the Clean Master Plus hose platform, the newest addition to GTES' hose lineup, built for high-pressure applications in demanding industrial environments.
This next-generation hose construction shines for being 22% lighter and 50% more flexible on average compared to existing 6,000 psi hoses, and it improves ergonomics and safety along with reducing worker fatigue while also increasing productivity.
In terms of forward non-GAAP P/E, GTES is trading at 12.18x, 33.8% lower than the industry average of 18.41x. The stock's forward EV/EBITDA multiple of 8.81 is 23.2% lower than the industry average of 23.23. In addition, its forward Price/Sales of 1.27x is 12.8% lower than the industry average of 1.45x.
During the fourth quarter that ended on December 30, 2023, GTES reported net sales of $863.30 million. Its gross profit grew 8.9% from the year-ago value to $337.70 million. The company's adjusted net income was $104.70 million, or $0.39 per share, up 47% and 56% from the prior year's quarter, respectively.
Furthermore, GTES' adjusted EBITDA rose 11.9% year-over-year to $185.80 million. The company's cash and cash equivalents stood at $720.60 million as of December 30, 2023, versus $578.40 million as of December 31, 2022.
The company announced its guidance for fiscal year 2024, expecting core revenue growth in the range of (3%) to +1% year-over-year. Its adjusted EBITDA is expected to be $725 million to $785 million, and adjusted EPS is expected to range between $1.28 and $1.43.
Street expects GTES' EPS for the third quarter (ending September 2024) to increase 3.9% year-over-year to $0.36, and its revenue is expected to grow 2.1% year-over-year to $891.39 million for the same quarter. Moreover, the company has surpassed the consensus EPS estimates in three of the trailing four quarters.
Shares of GTES have gained 46.5% over the past six months and 29.9% over the past year to close the last trading session at $17.14.
GTES sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
GTES has an A grade for Sentiment and a B grade for Growth, Value, and Quality. It is ranked #4 among 62 stocks in the A-rated <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> industry.
In addition to the POWR Ratings we've stated above, we also have GTES ratings for Momentum and Stability. Get all GTES ratings <a href="https://stocknews.com/stock/GTES/">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 />
RNLSY shares were unchanged in premarket trading Tuesday. Year-to-date, RNLSY has gained 14.67%, versus a 7.57% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/rnlsy-osk-gtes-2-auto-stocks-racing-ahead-1-worth-keeping-an-eye/>2 Auto Stocks Racing Ahead, 1 Worth Keeping an Eye On</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

2 Auto Stocks Racing Ahead, 1 Worth Keeping an Eye On

JPMorgan Chase forms sports investment banking group as sports M&A heats up - report

EV Company News For The Month Of March 2024

The auto industry is poised for significant growth thanks to rapid technological advancements, growing disposable incomes, and increased new vehicle sales. Hence, investors could consider buying quality auto stocks Ferrari (RACE), Renault (RNLSY), and Mercedes-Benz (MBGAF), given their solid upside potential. Read on... Rising disposable incomes, flexible financing, urbanization, and changing mobility preferences contribute to the growing consumer demand for automobiles. Moreover, government incentives and innovations in clean vehicles are driving industry growth.
Against this backdrop, investors could consider buying fundamentally strong auto stocks such as Ferrari N.V. (<a href="https://stocknews.com/stock/RACE/">RACE</a>), Renault SA (<a href="https://stocknews.com/stock/RNLSY/">RNLSY</a>), and Mercedes-Benz Group AG (<a href="https://stocknews.com/stock/MBGAF/">MBGAF</a>). Before delving deeper into their fundamentals, let's discuss what's shaping the auto industry's prospects.
New vehicle sales in the United States <a href="https://apnews.com/article/auto-sales-strong-electric-vehicle-sales-slow-70a663fbc0719ebda7a4ca814c2827d2">increased 5.1%</a> between January and March, as consumers remained in the market despite high-interest rates. In March, 1,455,030 new vehicles were sold in the U.S., up <a href="https://www.marklines.com/en/statistics/flash_sales/automotive-sales-in-usa-by-month">5.1% from March 2023 and 15.5% sequentially</a>.
This increase in new vehicle sales reflects a favorable trend in the automotive industry, reflecting sustained customer demand and recovering supply chains. .
The auto industry's growth will be driven by the growing adoption of electric vehicles (EVs), hybrid vehicles, technological advancements, and expected interest rate cuts. S&amp;P Global Mobility forecasts global new vehicle sales of <a href="https://www.spglobal.com/mobility/en/research-analysis/sp-global-mobility-forecasts-883m-auto-sales-in-2024.html">88.30 million in 2024</a>, a 2.8% increase year-over-year. Meanwhile, BloombergNEF expects global EV sales to reach <a href="https://about.bnef.com/blog/electrified-transport-market-outlook-4q-2023-growth-ahead/">16.7 million in 2024</a>.
Additionally, the global automotive industry market is predicted to reach $6.68 trillion by 2032, growing at a <a href="https://www.globenewswire.com/news-release/2024/04/15/2863107/0/en/Automotive-Industry-Size-Expected-to-Reach-USD-6-678-28-Bn-by-2032.html">CAGR of 5.7%</a>. Moreover, investors' interest in auto stocks is evident from the First Trust S-Network Future Vehicles &amp; Technology ETF (<a href="https://stocknews.com/stock/CARZ/">CARZ</a>) 8.9% returns over the past year.
Considering these conducive trends, let's analyze the fundamentals of the three <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> picks, beginning with the third choice.
Stock #3: Ferrari N.V. (<a href="https://stocknews.com/stock/RACE/">RACE</a>)
Headquartered in Maranello, Italy, RACE designs, engineers, manufactures, and sells luxury performance sports cars worldwide. It also provides spare parts, engines, after-sale services, repair, maintenance, and restoration services for cars and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.
In terms of the trailing-12-month net income margin, RACE's 20.97% is 358.2% higher than the 4.58% industry average. Likewise, its 10.20% <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin is 84.9% higher than the 5.52% industry average. Additionally, its 44.29% trailing-12-month Return on Common Equity is 298.6% higher than the industry average of 11.11%.
During the fiscal fourth quarter that ended December 31, 2023, RACE's net revenues and adjusted EBIT increased 11.3% and 24.8% year-over-year to €1.52 billion ($1.62 billion) and €372 million ($395.87 million), respectively. Moreover, its adjusted EBITDA stood at €558 million ($593.81 million), up 19% from the prior-year quarter.
For the same quarter, its adjusted net profit and adjusted EPS stood at €294 million ($312.87 million) and €1.62, up 33% and 33.9% from the year-ago quarter, respectively.
RACE's revenue and EPS for the quarter ended March 31, 2024, are expected to increase 4.8% and 11.2% year-over-year to $1.65 billion and $1.98, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. The stock has gained 45.7% over the past year to close the last trading session at $406.05.
RACE's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
RACE has an A grade for Quality and a B for Stability and Sentiment. Within the <a href="https://stocknews.com/category/auto-vehicle-makers/"> Auto &amp; Vehicle Manufacturers</a> industry, it is ranked #23 out of 52 stocks. To see RACE's additional Growth, Value, and Momentum ratings, <a href="https://stocknews.com/stock/RACE/">click here</a>.
Stock #2: Renault SA (<a href="https://stocknews.com/stock/RNLSY/">RNLSY</a>)
Based in Boulogne-Billancourt, France, RNLSY designs, manufactures, sells, repairs, maintains, and leases motor vehicles worldwide. The company also designs and produces parts and equipment used for manufacturing and operating vehicles. It operates in the Automotive, Sale Financing, and Mobility Services segments.
RNSLY's trailing-12-month CAPEX / Sales of 5.63% is 84.1% higher than the industry average of 3.06%. Additionally, its 7.66% trailing-12-month EBIT margin is marginally higher than the industry average of 7.60%.
For the fiscal year that ended December 31, 2023, RNLSY's group revenue increased 13.1% year-over-year to €52.38 billion ($55.74 billion). Its operating income grew 13.4% year-over-year to €2.48 billion ($2.64 billion).
The company's net income came in at €2.31 billion ($2.46 billion), against a net loss of €716 million ($761.95 million) from the previous year. In addition, the company's free cash flow increased 42.7% from the previous year to €3.02 billion ($3.21 billion).
Analysts expect RNLSY's revenue for the quarter ending September 30, 2024, to increase 16.2% year-over-year to $12.92 billion. RNLSY's shares have gained 43.9% over the past six months to close the last trading session at $10.07.
It's no surprise that RNLSY has an overall B rating, equating to a Buy in our POWR Ratings system.
It has a B grade for Value and Stability. It is ranked #22 in the same industry. Beyond what is stated above, we've also rated RNLSY for Growth, Momentum, Sentiment, and Quality. Get all RNLSY ratings <a href="https://stocknews.com/stock/RNLSY/">here</a>.
Stock #1: Mercedes-Benz Group AG (<a href="https://stocknews.com/stock/MBGAF/">MBGAF</a>)
Based in Stuttgart, Germany, MBGAF operates as a global automotive company. It develops, manufactures, and sells premium and luxury cars and vans under the Mercedes-AMG, Mercedes Benz, Mercedes-Maybach, and Mercedes-EQ brands, as well as related spare parts and accessories. It also offers financing, leasing, car subscription and rental, and other services.
In terms of the trailing-12-month EBIT margin, MBGAF's 11.41% is 50.1% higher than the 7.60% industry average. Likewise, its 9.31% net income margin is 103.4% higher than the 4.58% industry average. Additionally, its 5.42% trailing-12-month Return on Total Assets is 29% higher than the industry average of 4.20%.
For the fiscal year that ended December 31, 2023, MBGAF's revenue increased 2.1% year-over-year to €153.22 billion ($163.01 billion). Its adjusted EBIT stood at €19.66 billion ($20.92 billion). The company's net profit and EPS stood at €14.53 billion ($15.46 billion) and €13.46, respectively.
Also, the company's free cash flow of the Industrial Business grew 39.2% from the previous year to €11.32 billion ($12.05 billion).
Street expects MBGAF's revenue for the quarter ending September 30, 2024, to increase 1.9% year-over-year to $40.02 billion. Over the past three months, the stock has gained 21.4% to close the last trading session at $78.69.
MBGAF's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
It has a B grade for Growth, Value, Momentum, Stability, and Quality. It is ranked #4 in the Auto &amp; Vehicle Manufacturers industry. <a href="https://stocknews.com/stock/MBGAF/">Click here</a> to see MBGAF's rating for Sentiment.
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MBGAF shares were trading at $79.17 per share on Monday afternoon, up $0.48 (+0.60%). Year-to-date, MBGAF has gained 14.57%, versus a 4.96% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/mbgaf-race-rnlsy-3-auto-stocks-to-buy-with-impressive-gains/>3 Auto Stocks to Buy With Impressive Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Auto Stocks to Buy With Impressive Gains

AYRO

BAMXF

BATT

BCCMY

BLBD

BLNK

BMCLF

BMWYY

BYDDF

BYMOF

DNFGF

DNFGY

ELMSQ

ELMWQ

EVTV

FUJHF

FUJHY

GELYF

GELYY

GOEV

GOEVW

GTES

GWLLF

GWLLY

HNDAF

HYLN

HYMTF

IDEX

KNDI

LAAOF

LCID

MAHMF

MANU

MBGAF

MBGYY

MMTOF

MSBHF

MZDAF

MZDAY

NIOIF

NKLA

PIEJF

POAHF

POAHY

PSNY

PSNYW

RIVN

RNSDF

STLA

SZKMF

SZKMY

TOYOF

VFSWW

VLKAF

VLKPF

VLVCY

VLVOF

VWAGY

VWAPY

WKHS

XIACF

XIACY

XPEV

XPNGF

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DMLRY

Renault