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Electric vehicle (EV) stocks have been plunging this year. The most famous EV marker in the world has lost nearly half its value this year, while other brands have lost 70-80% since January. There could be more pain ahead, as consumers retreat from big purchases of automobiles altogether. ...
Reading the title, you might wonder if I would mention Tesla . But the current market dip has presented an opportunity to buy another auto stock with exposure to the electric vehicle (EV) sector. This auto stock is Magna International ( TSX:MG )( NYSE:MGA ) – a on...
Summary I revisited my stance on Magna International in my last article, calling the company a "BUY" worth consideration, going from a previous hold. Given the current market situation and that the company has dropped over 20% since then, it was clear that this was too early in te...
AURORA, Ontario, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG ) (NYSE: MGA ) INVESTOR CONTACT Louis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com | 905-726-7035 TELECONFERENCE CONTACT Nancy Hansford, Executive...
Rivian ( NASDAQ:RIVN ) stock has seen better days. After rallying 70% in the week it went public, RIVN collapsed over the ensuing months. Today, it’s down 79% from its all-time high, and 64% from its opening price on the day it went public. After seeing this dramatic sell...
The Canadian stock market selloff has accelerated in recent weeks, as macroeconomic concerns related to high inflation, rising interest rates, and a looming recession are continuing to haunt investors. On the one hand, the recent market selloff has corrected the share prices of some see...
The investing season is gathering momentum for value investors and future thinkers. You can’t generate wealth by investing in the present. In the same way you don’t pick grapes today for a wine fest tomorrow. Wine needs time and the right environment to brew. The older the win...
Market dips are painful when they occur, and they may sometimes induce panic selling. However, such fearful times have often presented the best entry points for long-term-oriented investors. Two beaten-down stocks, namely Magna International ( TSX:MG )( NYSE:MGA ) and Shopify ...
Stocks slumped Thursday, giving back some gains from the prior day's rally, as a decline in Apple shares weighed on the major averages. The Dow Jones Industrials dumped 446.14 points, or 1.5%, to break for lunch at 29,237.60 The S&P 500 parted with 78.33 points, or 2.1%, to 3,64...
The last three years have been a rollercoaster ride for global stock markets, including the Toronto Stock Exchange (TSE). After the windfall gain in 2020 and 2021 led by the stimulus money, the TSX is in a free fall as the government pulls back the stimulus checks. For those who underst...
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2024-07-26 16:50:00 ET In the short term, many factors, including market volatility or economic fluctuations, might affect the performance of even the most fundamentally sound TSX stocks. However, a long-term investment focus on solid dividend-paying stocks in Canada could be a wise...
2024-07-25 20:15:00 ET Magna International ( TSX:MG ) is a prominent player in the global automotive industry, known for its diversified product portfolio that includes ADAS, powertrain technologies, and various automotive systems. And yet, shares of Magna stock are down 27% in the ...
2024-07-25 16:20:00 ET The TSX has seen significant volatility in 2024, with some stocks underperforming despite broader market gains. Among the worst performers lately are First Quantum Minerals ( TSX:FM ), Magna International ( TSX:MG ), and Canadian Tire Corporation...