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Summary 4Q22 revenue was in line with expectations, but margins were weaker than expected due to higher engineering costs and operating inefficiencies. Despite challenges, MGA has the potential to overcome them and emerge stronger, particularly (I believe) through investments in electri...
The S&P/TSX Composite Index rose 15 points on Wednesday, February 15. However, a handful of sectors finished the day in the red . Those sectors included energy, battery metals, telecom, and financials. Today, I want to target three remarkably cheap TSX stocks that are worth snatch...
Company awarded business in a strategic product required for electric vehicles Building a new battery enclosures facility in Brampton, Ontario More than 1,000 new jobs expected to be created across six locations AURORA, Ontario, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Today, Magna announc...
The Canadian stock market has begun 2023 on a strong note, as the TSX Composite benchmark has risen 6.8% year to date. These recent gains were primarily led by a sharp recovery in high-growth stocks , as the recent signs of cooling inflation seemingly boosted investors’ confide...
Magna International ( TSX:MG ) stock just reported its fourth-quarter (Q4) and full-year 2022 earnings results last Friday. The stock reacted by falling 17% on Friday. This is the kind of volatility, which is one type of risk, that investors must be able to stomach. In addition to reporting...
Magna ( NYSE: MGA ) announced on Monday the receipt of a new business from General Motors ( NYSE: GM ) to supply battery enclosures on the all-new 2024 Chevrolet Silverado EV. The battery enclosures will be produced at Magna Electric Vehicle Structures facility in St. Clai...
Manufactured at Magna’s state-of-the-art facility in St. Clair, Michigan New Chevrolet Silverado EV business adds to existing battery enclosure production for the GMC HUMMER EV Production to start later in 2023 AURORA, Ontario, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Magna announ...
Summary Granite REIT recently announced its 12th consecutive annual distribution increase. The REIT has a superb balance sheet with uniquely low financing costs. Granite has an industry-leading 99.1% occupancy rate across its 128 income-producing properties. Granite will benefit...
Fisker ( NYSE: FSR ) stock fell sharply on Friday after key supplier Magna International ( NYSE: MGA ) warned that supply chain issues persist and margins remain under pressure. “In terms of headwinds in our outlook, while we experienced some improvement in 2022...
Summary Magna International Inc. missed earnings estimates even though revenues came in strong. Guidance for the year ahead was lowered substantially versus consensus. We look at what went wrong and tell you how we see this story playing out. When we last covered Magna...
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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...