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Even though more and more nations are putting measures in place to combat climate change, electric vehicles (EVs) are just now beginning to gain popularity among consumers. Only about 5% of U.S. auto sales, for instance, were EVs as of the middle of 2022. To effectively combat climate change,...
The stock market has been having short growth cycles followed by a pullback since the U.S. Federal Reserve began hiking interest rates in March 2022. The TSX Composite Index surged 6.5% in January after slumping 5.6% in December 2022 when the Fed hiked interest rates by 50 basis points (bps)....
Do rising interest rates and falling bond and stock prices sound familiar? These are some of the observations in the peak of an economic cycle. Last Wednesday, the Bank of Canada raised the target for the overnight interest rate again — this time, by 0.25% to 4.50%. On the positive side, i...
Bank of America said the underwhelming Q4 results pre-announced by Magna International ( NYSE: MGA ) were not a great surprise, although the problems highlighted were pronounced than anticipated and could be an indicator of a rough earnings season for the auto supplier sector. Mag...
Magna International ( NYSE: MGA ) stock slid sharply on Tuesday after the company tempered margin forecasts. In an earnings preannouncement released prior to the market open, management projected 2022 sales to reach $37.8B for 2022, in the middle of the prior guidance of $37.4...
Magna International ( NYSE: MGA ) has reported prelim sales of ~$37.8B for 2022, compared to its guidance of $37.4B to $38.4B. Analysts project the firm to generate $4.57 EPS on revenue of $37.79B for the year . However, adj. EBIT margin is expected to be ~4.3%, which is b...
AURORA, Ontario, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2022 outlook to reflect an expected Adjusted EBIT Margin 1 below the range disclosed in its press release dated November 4, 2022. Based on preliminary...
Summary Couche-Tard, Activision Blizzard, and Intertape Polymer (acquired throughout the year) were my top performers for 2022. The increase in dividends is worth a lot more to me than how my portfolio did in 2022. The increase comes mostly from dividend increases by companies and f...
Economists generally believe that Canada and the U.S. will experience a recession this year. All this talk about a recession is sort of gloomy. Let’s fast forward a bit. Stocks are long-term investments after all. Besides, the stock market leads the economic cycle. So, it’s possible...
Complete vision system with first-to-market features Combines interior and exterior mirrors, cameras, electronics and software Launched on Ram 2500 and 3500 Heavy Duty models AURORA, Ontario, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Magna’s advanced ClearView™ vision technolo...
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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...