The rise of electric vehicles (EVs) has brought with it a surge in technological innovation, particularly in-car technology. Many of the newest EVs on the market now come equipped with advanced features that redefine what consumers can expect in terms of entertainment, safety, communication, and overall driving experience. This new wave of technology, including next-generation high-definition digital displays, has quickly become a focal point for buyers seeking cutting-edge functionality. While these EVs come with some of the highest MSRPs we’ve seen, the technological capabilities offered often justify the premium pricing. With increasingly sophisticated infotainment systems, digital dashboards, and integration with…
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Warby Parker’s promising outlook justifies its premium valuation, according to Goldman Sachs. The bank upgraded shares of the eyeglass retailer to buy from neutral and raised its 12-month price target to $18 from $15. Goldman’s forecast implies roughly 9% upside from Friday’s close. Shares popped more than 4% in the premarket after the rating change. Analyst Brooke Roach noted that while the stock’s valuation “remains somewhat elevated,” Warby Parker’s strong fundamentals and margin growth outlook justifies outperformance from here. Warby Parker trades at a forward price-to-earnings multiple of 69, well above the S & P 500’s 24.6 ratio. WRBY YTD…
Image source: Getty Images One way I use to value stocks is the price-to-earnings (P/E) ratio. By using a benchmark fair value figure of 10, I can get a quick sanity check if a company’s potentially undervalued. So when I spotted a FTSE 100 stock with a P/E ratio of under 4, it naturally got me curious to dig deeper. Recent results The company’s Centrica (LSE:CNA). The stock’s down 21% over the past year, hitting fresh 52-week lows less than a month back. The owner of British Gas has struggled so far this year, with the H1 2024 results showing…
American automotive safety laws and regulations have kept many fast and exciting cars from being sold in the country. For instance, the “chicken tax” prevents Toyota from selling the Hilux pickup in the U.S., and the American preference for larger SUVs over wagons and small hatchbacks means some cool cars just aren’t financially practical to sell here. Additionally, strict emission rules, along with specific crash tests and safety standards, make it difficult for certain low-volume brands to bring their hypercars to the U.S. With that in mind, we’ve put together a list of high-performance wagons, sports cars, crossovers, and hatchbacks…
Manual transmissions are becoming less common. According to J.D. Power, 90% of vehicles on American roads had automatic gearboxes in 2023, and there are only 25 cars in the U.S. that still offer a manual option. With some models like the Porsche Cayman and Boxster set to go electric soon, fans of manual driving may find their choices dwindling. However, there are still exciting performance cars available that come with traditional internal combustion engines and manual transmissions; you just need to know where to look. Manual gearboxes have been a key feature in some of the best-performance cars throughout the…
Investing.com — Third-quarter earnings downgrades have been significant across major regions, with persistent cuts in both the U.S. and Eurozone, JPMorgan strategists said, reflecting growing concerns about slowing topline growth and macro uncertainty. In a note published Monday, the Wall Street firm said the earnings outlook for companies has been substantially lowered. It notes that “the hurdle rate has come down for Q3, suggesting the bar for surprises is lower.” However, even with this reduced hurdle, the overall expectation for year-over-year EPS growth in Q3 has been cut from 8% a few months ago to just 4%. Particularly noteworthy is…
ZURICH (Reuters) -UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank’s 50% stake in credit card provider Swisscard. UBS will sell its 50% holding in the company to its joint venture partner American Express (NYSE:), Swisscard said in a statement. Terms of the deal were not disclosed. After the deal, Amex will become the sole owner of Swisscard, with Credit Suisse customers transferring to the existing UBS credit card platform. Swisscard said it would continue to issue all other cards it issues under the American Express, Mastercard (NYSE:)…
A special piece of Hollywood history is now available for car collectors. A 1989 Mercedes-Benz 300TE wagon, once owned by the legendary Shirley Temple, is up for auction on Bring a Trailer. At first glance, this 300TE might seem like an ordinary classic car, but its connection to one of the most famous child stars of all time makes it something truly special. 1989 Mercedes Up For Auction (Via Mercedes) The History Behind the Car The Mercedes-Benz 300TE belongs to the W124 family, which was introduced in 1985 as an executive car, known for its style, luxury, and practicality. The…
Steps to bolster the economy have set off a stock buying frenzy. Our columnist spoke to Chinese investors about why they are jumping in knowing the risks. Source link
Mopar is gearing up for SEMA 2024 with an exciting new electric muscle car project. They recently released a teaser video, giving us a glimpse of what’s to come. The project is a nod to the golden age of American muscle cars from the 1960s but with a modern, electrified twist. (Via Mopar) Mopar has already teased a Ram electric concept truck, but this latest teaser points to something truly special – a revived and electrified version of the classic 1967 Plymouth Belvedere GTX. The teaser video shows an intriguing mix of old and new. The electric car starts with…