72 stories mentioning GMUpdated 20h ago
Every FINWIRES story that references GM, newest first.
Mark L Reuss, President, on July 28, 2026, sold 71,079 shares in General Motors (GM) for $6,394,978. Following the Form 4 filing with the SEC, Reuss has control over a total of 92,293 common shares of the company, with 92,293 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1467858/000149236226000012/xslF345X05/wk-form4_1785357033.xml
Christopher Hatto, Vice President & Chief Accounting Officer, on July 28, 2026, sold 6,895 shares in General Motors (GM) for $620,550. Following the Form 4 filing with the SEC, Hatto has control over a total of 18,899 common shares of the company, with 18,899 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1467858/000129215326000010/xslF345X05/wk-form4_1785357143.xml
General Motors (GM) has an average rating of overweight and mean price target of $101.48, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
All three major US stock indexes were down in late-morning trading Thursday, as Alphabet (GOOG) and Tesla (TSLA) stocks were down after the two tech giants announced increased spending in artificial intelligence.In company news, Alphabet reported Q2 earnings late Wednesday of $9.11 per diluted share, up from $2.31 a year earlier, and above the FactSet consensus analyst estimate of $2.88. Q2 revenue was $119.80 billion, up from $96.43 billion a year ago and above the FactSet consensus of $117.06 billion. Alphabet's Q2 capital expenditure doubled year over year to $44.92 billion from $22.45 billion, bringing total capital spending for the first six months of the year to $80.60 billion. The company revised its 2026 capital expenditure forecast to between $180 billion and $190 billion in April, up from its previous estimate of $175 billion to $185 billion. Alphabet shares were down 7% around midday.On Thursday, Alphabet's Google was fined a total of 890 million euros ($1.04 billion) by the European Commission after the regulator found the company violated the Digital Markets Act. The Commission fined Google 460 million euros over its Google Search practices and 430 million euros for restricting app developers from steering users to alternative purchasing channels outside Google Play. The European Commission ordered Google to end the violations within 60 days by treating third-party services fairly in search rankings and allowing app developers to freely communicate and promote offers outside Google Play, with failure to comply resulting in periodic penalty payments of up to 5% of Google's total worldwide turnover. The company said it is reviewing the decision and evaluating all options, including an appeal.Tesla (TSLA) reported Q2 adjusted earnings late Wednesday of $0.33 per diluted share, down from $0.40 a year earlier and below the FactSet consensus analyst estimate of $0.55. Q2 revenue was $28.24 billion, up from $22.50 billion a year ago and above the FactSet consensus of $26.42 billion. Operating expenses jumped 47% on a yearly basis to $4.35 billion and rose sequentially as well. The auto manufacturer ended the quarter with a negative free cash flow as capital expenditures "more than doubled" from the previous three-month period, Chief Financial Officer Vaibhav Taneja said during an earnings call,. The company continues to expect its capital expenditures to be at over $25 billion this year, the CFO added. "[Capital expenditures] will grow for the next two or three years as we expand our Robotaxi fleet, expand our production capacity for Optimus, make investments for semiconductor fab, install solar manufacturing capacity and AI compute infrastructure in addition to all the other expansions we'll do for other manufacturing for automotive," Taneja told analysts. Tesla shares were down 14%.Intel (INTC) and Advanced Micro Devices (AMD) are signing longer-term contracts to sell data center processors, or chips, to China-based server customers, Reuters reported Thursday, citing two unnamed sources familiar with the talks. China is also building out data centers, which require not only advanced chips, but also memory chips and central processing units, according to the report. China-based chip buyers are looking to lock in supplies in one- to two-year supply contracts, which do not fix prices, the report said. Intel shares were down 1.8%, while AMD shares were down 2.3%.RTX (RTX) reported Q2 adjusted earnings Thursday of $1.89 per diluted share, up from $1.56 a year earlier, and above the FactSet consensus analyst estimate of $1.66. Q2 net sales were $24.71 billion, up from $21.58 billion a year earlier and above the FactSet consensus of $22.89 billion. The company raised its 2026 adjusted EPS guidance to between $7.10 and $7.25, from the previous range of $6.70 to $6.90. Analysts polled by FactSet expect $6.95. RTX shares were up 7.5%.IBM (IBM) said Thursday that it signed a definitive agreement to acquire research and development institution HRL Laboratories from joint owners Boeing (BA) and General Motors (GM). Financial terms were not disclosed. Boeing and GM will continue to partner with IBM on quantum applications and advanced technology development. HRL's expertise in silicon-spin qubits and quantum sensing will support IBM's quantum computing plans, IBM said. The transaction is expected to close by the end of Q3. IBM shares were up 0.7%, Boeing shares were 0.3% lower, and General Motors shares were down 3.3%.Price: $318.15, Change: $-23.76, Percent Change: -6.95%
General Motors (GM) is expected to see improved results in 2027, supported by stronger pricing and mix from next-generation full-size pickups, higher output on full-size SUVs following the shift of Escalade production to Orion, and continued warranty improvements, UBS said in a note emailed Wednesday.The gains are expected to be partially offset by commodity costs and the non-repeat of IEPPA recovery benefits, the firm said.UBS sees digital services opportunity as a more material contributor beyond 2027, according to the note.UBS said it estimates Q3 earnings before interest and taxes at about $4.4 billion with volumes marginally higher sequentially.UBS adjusted its 2026 and 2027 EPS estimates to $13.90 and $15.67, respectively, from $13.34 and $15.72, reflecting an increased buyback assumption on strong expected free cash flow, while its 2027 EBIT forecast was trimmed modestly.UBS maintained its buy rating on GM stock with a $102 price target.Price: $81.75, Change: $+2.23, Percent Change: +2.80%
General Motors (GM) delivered a "clean" Q2 beat and raised its 2026 EBIT guidance, while offering positive commentary on 2027 outlook, Morgan Stanley said in a note Wednesday.The report pointed to stronger pricing and cost management for the beat, and added that the higher EBIT guidance was driven by better pricing and improved warranty costs.The note also said the first high level outlook for 2027 indicates growth in revenue, EBIT, and free cash flow due among others to improving EV profitability, and digital revenue.However, the positive factors may be partially offset by the impact of higher commodity and computer memory costs as well as incremental tariff headwinds, it said.Still, the report said its software and services business has the potential to drive a "significant" re-rating in the shares.Morgan Stanley raised its price target to $101 from $100 while keeping its overweight rating on GM.Price: $82.61, Change: $+3.09, Percent Change: +3.89%
(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes rose in a broad-based rally, as chipmakers boosted technology to the top of sector charts and helped offset a move higher in crude oil amid renewed threats of more hostilities in the Middle East.The Nasdaq Composite jumped 1.3% to 25,837.21, with the S&P 500 up 0.9% to 7,509.20 and the Dow Jones Industrial Average higher by 0.7% to 52,224.64 on Tuesday. Technology was the standout performer, up 2.4%, followed by energy. Consumer staples and communication services were the sole decliners.Out of the top ten companies with a market capitalization of more than $200 billion each, all but one were from the technology sector, according to data compiled by Finviz. Within that tech dominance, seven were from semiconductors and semiconductor equipment and materials industries, including Intel (INTC).Intel is planning to lay off workers within its data center group, Business Insider reported Tuesday, citing a company spokesperson. Separately, RBC Capital Markets said in a note that Intel is expected to report a decent Q2 supported by server CPU demand and pricing momentum. Intel's shares surged 8.6%, one of the top gainers on the S&P 500 and the Nasdaq."Stock traders have shrugged off the news from the [Iran] War in favor of buying the chip makers again, presumably on the hope that the AI hyperscalers, when they report Q2 earnings over the next few days, will also report large capital spending plans," Thierry Wizman, global foreign-exchange and rates strategist at Macquarie, said in a note. "That's hoped to boost the earnings outlooks for the hardware makers."President Donald Trump delivered a dim view of possible talks with Iran to end the war, telling reporters Tuesday that the US has "no interest in meeting" until Iran is ready to convene "in a meaningful way," the Associated Press reported.A desalination facility and power plants caught fire and suffered serious damage in Kuwait after new Iranian strikes targeted the crucial facilities, along with areas of Bahrain and Jordan, following the 10th consecutive night of US bombing, Al Jazeera, a Middle Eastern broadcaster, reported Tuesday.Meanwhile, the Houthi-run SABA news agency said six ships attempting to pass through the Bab el-Mandeb Strait in the southern Red Sea were forced to reroute on Tuesday after being warned by the rebels, a day after they announced a maritime embargo against Saudi Arabia, according to the Associated Press.The front-month US West Texas Intermediate rose 2% to $84.91 a barrel, and global benchmark North Sea Brent climbed 2.5% to $91.41 a barrel.US Treasury yields rose, with the 10-year up three basis points to 4.63%. The two-year jumped 4.9 basis points to 4.26%.In earnings news, 3M (MMM) raised its full-year earnings guidance while reporting Q2 results above market expectations.General Motors (GM) lifted its outlook for full-year earnings as it recorded an unexpected year-over-year increase in Q2 sales.In precious metal markets, gold futures advanced 1.8% to $4,086.9, and silver futures jumped 3.4% to $59.03.
(Updates with market moves at the end of the day.)US equities advanced Tuesday after a three-day slump, with chip stocks lifting the technology sector, even as oil prices rose amid heightened tensions in the Middle East.The Nasdaq Composite climbed 1.3% to 25,837.21, while the S&P 500 gained 0.9% to close at 7,509.20. The Dow Jones Industrial Average rose 0.7% to 52,224.64. Barring consumer staples and communication services, all sectors ended in the green, led by tech's 2.4% gain.Micron Technology (MU) was among the best performers on the S&P 500, up 12%, while Sandisk (SNDK) surged 14%, the index's top gainer. Intel (INTC) jumped 8.6%, while Nvidia (NVDA) rose 2%, among biggest gainers on the Dow."Stock traders today have shrugged off the news from the war in favor of buying the chip makers again, presumably on the hope that the (artificial intelligence) hyperscalers, when they report (second-quarter) earnings over the next few days, will also report large capital spending plans," Macquarie said Monday in a report. "That's hoped to boost the earnings outlooks for the hardware makers."West Texas Intermediate crude oil was up 2% at $84.91 a barrel in Tuesday late-afternoon trade, while Brent rose 2.5% to $91.44.The US will hit the area of Pickaxe Mountain "probably pretty soon," news outlets reported, citing President Donald Trump. The underground facility is reportedly believed to be connected to Iran's nuclear program.Kuwait, Bahrain and Jordan intercepted Iranian aerial attacks on Tuesday, CNN reported. The US Central Command said Monday its forces had struck Iran again.Two tankers carrying Saudi crude turned back in the Red Sea as Yemen's Iran-aligned Houthis threatened to strike vessels using Saudi ports, Reuters reported.Treasury yields were higher, with the two-year rate up 4.9 basis points at 4.26% and the 10-year rate rising 3.2 basis points to 4.63%.In corporate news, 3M (MMM) raised its full-year earnings outlook as the industrial conglomerate reported second-quarter results above Wall Street's estimates. The stock jumped 7.3%, the biggest gain on the Dow.General Motors (GM) lifted its full-year profit guidance as the automaker recorded an unexpected year-over-year increase in its second-quarter revenue. The stock rose 4.9%.Danaher (DHR) slid 11%, the worst performer on the S&P 500. The medical equipment maker raised its full-year profit guidance as its fiscal second-quarter results came in stronger than expected, but it lowered the top end of its 2026 revenue growth outlook.Gold advanced 1.8% to $4,088.40 per troy ounce, while silver climbed 3.5% to $59.05 per ounce.
Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.2%.Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week. Redbook noted brisk demand for the remaining summer merchandise due to hot weather across the country.In corporate news, Hasbro (HAS) raised its full-year revenue guidance after reporting fiscal Q2 results above Wall Street's expectations. Hasbro shares jumped past 8%.America's Car-Mart (CRMT) has been exploring potential asset sales that could result in a complete wind down, either in or out of bankruptcy court protection, Bloomberg reported. Its shares were down 0.6%.Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack agreed to buy the US snacks maker in a $2.9 billion take-private deal.General Motors (GM) lifted its full-year earnings outlook on Tuesday as the carmaker recorded an unexpected year-over-year increase in its Q2 revenue. GM shares climbed 5.1%.
(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as a rally in chip stocks drove the technology sector higher, even as tensions between the US and Iran remained high.The Nasdaq Composite was up 1.4% at 25,854.7 after midday Tuesday, while the S&P 500 advanced 0.9% to 7,508.7. The Dow Jones Industrial Average rose 0.9% to 52,280.4. Most sectors were in the green, led by tech's 2.2% gain, while consumer staples led the laggards.Micron Technology (MU) was among the best performers on the S&P 500, up nearly 13%, along with Sandisk (SNDK), which also surged almost 13%. Intel (INTC) jumped 8.1%, while Nvidia (NVDA) also moved higher."Stock traders today have shrugged off the news from the war in favor of buying the chip makers again, presumably on the hope that the (artificial intelligence) hyperscalers, when they report (second-quarter) earnings over the next few days, will also report large capital spending plans," Macquarie said Monday in a report. "That's hoped to boost the earnings outlooks for the hardware makers."West Texas Intermediate crude oil was up 2.4% at $85.25 a barrel intraday, while Brent rose 2.1% to $91.07.Kuwait, Bahrain and Jordan intercepted Iranian aerial attacks on Tuesday, CNN reported. The US Central Command said Monday its forces had struck Iran again.Two tankers carrying Saudi crude turned back in the Red Sea as Yemen's Iran-aligned Houthis threatened to strike vessels using Saudi ports, Reuters reported.Treasury yields were higher intraday, with the two-year rate up 3.8 basis points at 4.25% and the 10-year rate rising 2.8 basis points to 4.63%.In corporate news, 3M (MMM) raised its full-year earnings outlook as the industrial conglomerate reported second-quarter results above Wall Street's estimates. The stock was up 7.5% intraday, the biggest gain on the Dow.General Motors (GM) lifted its full-year profit guidance as the automaker recorded an unexpected year-over-year increase in its second-quarter revenue. The stock rose 5.4%.Danaher (DHR) slid 12%, the worst performer on the S&P 500. The medical equipment maker raised its full-year profit guidance as its fiscal second-quarter results came in stronger than expected, but it lowered the top end of its 2026 revenue growth outlook.Gold advanced 1.6% to $4,079.80 per troy ounce, while silver climbed 3.6% to $59.12 per ounce.
(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes rose after midday Tuesday as a sharp move in chipmakers lifted technology to the top of sector charts and crude oil advanced amid diplomatic maneuvers to end hostilities in the Middle East.The Nasdaq Composite jumped 1.4% to 25,857.7, with the S&P 500 up 0.9% to 7,512.1 and the Dow Jones Industrial Average higher by 0.8% to 52,276.9.All sectors, except consumer staples, communication services, and real estate, rose. Technology was the standout gainer, up 2.2%.Out of the top ten companies with a market capitalization of more than $200 billion, all but one were from the technology sector, according to data compiled by Finviz. Within that tech dominance, six were from semiconductors and semiconductor equipment and materials industries, including Intel (INTC).Intel is planning to lay off workers within its data center group, Business Insider reported Tuesday, citing a company spokesperson. Its shares surged 8.1%, one of the top gainers on the S&P 500 and the Nasdaq.In earnings news, 3M (MMM) raised its full-year earnings guidance while reporting Q2 results above market expectations.General Motors (GM) lifted its outlook for full-year earnings as it recorded an unexpected year-over-year increase in Q2 sales.In geopolitical news, the Houthi-run SABA news agency said six ships attempting to pass through the Bab el-Mandeb Strait in the southern Red Sea were forced to reroute on Tuesday after being warned by the rebels, a day after they announced a maritime embargo against Saudi Arabia, according to the Associated Press.A desalination facility and power plants caught fire and suffered serious damage in Kuwait after new Iranian strikes targeted the crucial facilities, along with areas of Bahrain and Jordan, following the 10th consecutive night of US bombing, Al Jazeera, a Middle Eastern broadcaster, reported Tuesday.Meanwhile, Iranian Interior Minister Eskandar Momeni arrived in Pakistan for high-level talks, news reports said. Mediators are proposing a 10-day ceasefire between Washington and Tehran, according to a Reuters report. President Donald Trump said Tehran is "desperate" to meet and talk, and threatened to attack a reported new Iranian nuclear site "very heavily," Al Jazeera reported.The front-month US West Texas Intermediate rose 2.4% to $84.44 a barrel, and global benchmark North Sea Brent climbed 2.2% to $91.19 a barrel as diplomatic channels remain open amid a severe escalation in the war.US Treasury yields rose, with the 10-year up three basis points to 4.63%. The two-year jumped four basis points to 4.26%.In precious metal markets, gold futures advanced 1.5% to $4,076.7, and silver futures surged 3.7% to $59.19.In economic news, Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week.The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index rose to 7.4 in July from minus 25.8 in the previous month, indicating expansion in the sector. This is the first positive reading for the index since October 2024.
Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.4%.Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week. Redbook noted brisk demand for the remaining summer merchandise due to hot weather across the country.In corporate news, Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack agreed to buy the US snacks maker in a $2.9 billion take-private deal.General Motors (GM) lifted its full-year earnings outlook on Tuesday as the carmaker recorded an unexpected year-over-year increase in its Q2 revenue. GM shares climbed 5.3%.Diageo (DEO) Chair John Manzoni is planning a board shake-up to add drinks industry expertise as Chief Executive Dave Lewis leads the company's turnaround, the Financial Times reported. Diageo shares were down 1.2%.
All three major US stock indexes were up in late-morning trading Tuesday, as investors focused on some strong corporate earnings reports.In company news, 3M (MMM) reported Q2 adjusted earnings Tuesday of $2.40 per share, up from $2.16 a year earlier and above the FactSet consensus analyst estimate of $2.25. Second-quarter revenue was $6.5 billion, up from $6.34 billion a year ago and above the FactSet consensus of $6.40 billion. For fiscal 2026, the company expects adjusted EPS of $$8.80 to $8.95, up from its previous outlook of $8.50 to $8.70 and above the FactSet consensus of $8.74. 3M shares were up 8.7% around midday.Novo Nordisk (NVO) said Tuesday it filed a lawsuit against Eli Lilly (LLY) in the US District Court for the District of New Jersey alleging the drugmaker's advertising for Zepbound and Mounjaro violates federal and state false advertising and unfair competition laws. Novo shares were down 0.3%, while Lilly shares were up 1.3%.Utz Brands (UTZ) has entered into a definitive agreement through which Intersnack Group will acquire all of its outstanding common stock for $14.25 per share in cash and take it private, the companies said Tuesday. The price represents an enterprise value of about $2.9 billion and a 91% premium over Utz's closing price on July 20, the companies said. The deal is expected to close in Q4, subject to regulatory and other conditions, they said. Utz shares were up 89.5%.Danaher (DHR) reported Q2 adjusted net earnings Tuesday of $1.94 per diluted share, up from $1.80 a year earlier and above the FactSet consensus of $1.84. Second-quarter sales were $6.27 billion, up from $5.94 billion a year ago and above the FactSet consensus of $6.11 billion. For full-year 2026, the company raised its adjusted diluted EPS guidance to $8.45 to $8.60 from $8.35 to $8.55. Analysts polled by FactSet expect $8.45. Danaher shares were down $14.1%.General Motors (GM) reported Q2 adjusted diluted EPS Tuesday of $3.57, up from $2.53 a year earlier and above the FactSet consensus of $3.19. Second-quarter revenue was $48.03 billion, up from $47.12 billion a year ago and above the FactSet consensus of $47.01 billion. For 2026, the company expects adjusted EPS of $12 to $14, compared with the FactSet consensus of $12.97. GM shares were up 4.0%.MSCI (MSCI) reported Q2 adjusted EPS of $4.94, up from $4.17 a year earlier but below the FactSet consensus of $4.99. Second-quarter operating revenue was $867 million, up from $772.7 million a year ago but below the FactSet consensus of $870.7 million. MSCI shares were down 8.7%.Price: $49.45, Change: $-0.16, Percent Change: -0.33%
General Motors (GM) will begin contract negotiations with Unifor, the union representing 4,600 members at Ontario GM facilities said Tuesday.GM didn't immediately reply to a request for comment from.Price: $78.46, Change: $+2.66, Percent Change: +3.50%
General Motors to Begin Contract Talks With Ontario Union
General Motors (GM) lifted its full-year earnings outlook on Tuesday as the automaker recorded an unexpected year-over-year increase in its second-quarter revenue.The company now anticipates adjusted earnings between $12 and $14 per share for 2026, up from its previous guidance of $11.50 to $13.50. The consensus on FactSet is for non-GAAP EPS of $12.97.The revised outlook reflects pricing in North America to be up about 0.5%, compared with prior expectations for it to be flat to up 0.5%, according to an earnings presentation. The automaker sees a warranty cost benefit of $1 billion to $1.5 billion, versus roughly $1 billion previously projected. Tariff costs are still pegged at $2.5 billion to $3.5 billion.GM now forecasts adjusted automotive free cash flow of $9.5 billion to $11.5 billion for the ongoing year, higher than the prior view of $9 billion to 11 billion.GM posted revenue of $48.03 billion for the June quarter, up from $47.12 billion last year, defying the Street's view for a dip to $47.01 billion. Adjusted EPS jumped 41% to $3.57, exceeding the average analyst estimate of $3.19."Customer demand in North America remains strong driven by our very attractive lineup of pickups and (sport utility vehicles)," Chief Executive Mary Barra said in a letter to shareholders.Pricing was "consistent," while the company continues to lower its warranty costs and reduce electric vehicles losses, Barra said.Revenue in North America rose to $39.91 billion from $39.49 billion in the 2025 quarter, while international sales advanced to $3.69 billion from $3.33 billion. Consolidated vehicle sales fell to 1.43 million units from 1.54 million last year amid a drop in the US.
US equity futures were tracking in the green on Tuesday as traders await the latest batch of corporate earnings and assess the latest developments in the Middle East.The S&P 500 rose 0.5%, the Dow Jones Industrial Average gained 0.3% and the Nasdaq added 1.3% in premarket activity. The indexes closed the previous trading session lower.Charles Schwab (SCHW), Danaher (DHR), 3M (MMM), Northrop Grumman (NOC), General Motors (GM), D.R. Horton (DHI), Genuine Parts (GPC) and Hasbro (HAS) are some of the major companies scheduled to release their latest financial results before the bell.Interactive Brokers (IBKR) and Alaska Air (ALK) post earnings after the markets close, among others."The reporting calendar is shifting beyond the first wave of money-center banks toward large tech, industrial and consumer names," Tigress Financial said in a note Monday. "The narrative will increasingly focus on whether (artificial intelligence) platforms, cloud providers and key cyclicals can match the strong bank prints without sparking renewed worries about margins or demand."The UK Maritime Trade Operations said Tuesday it has received multiple reports that a tanker was struck by an unknown projectile in the Strait of Hormuz. The US Central Command said Monday its forces completed their latest round of strikes against Iran.A senior official from Tehran told Reuters that mediators have forwarded a 10-day ceasefire proposal to Iran in an attempt to revive the interim deal reached with the US last month. Houthi militants in Yemen on Monday declared a maritime embargo against Saudi Arabia, effective immediately, CNBC reported, citing Yemen News Agency.President Donald Trump said Monday that "every time Iran kills an American soldier they will pay for that killing many times over." The US recently confirmed the passing of at least three service members during recent fighting with Iran.West Texas Intermediate crude oil edged up 0.3% to $83.49 a barrel before the opening bell, while Brent increased 0.4% to $89.60.Trump signed three proclamations on Monday to impose 50% tariffs on the imports of motor vehicles, alcohol and dairy products from Canada, in response to its "discriminatory treatment of American products," according to the White House. The tariffs are set to come into effect after 30 days.Treasury yields were moving downwards in premarket action, with the two-year rate retreating 1.9 basis points to 4.2% and the 10-year rate off 0.4 basis points to 4.59%.Gold advanced 1.4% to $4,073 per troy ounce, while bitcoin climbed 1.9% to $66,296.
Tesla (TSLA) shares were down Thursday even as the company's second-quarter deliveries beat Wall Street's expectations, while Truist Securities said the electric vehicle maker didn't provide any updates on key topics.Tesla delivered 480,126 vehicles in the June quarter, up from 384,122 a year earlier and 358,023 in the prior three-month period. The consensus forecast on FactSet was for 427,000 units.The company's shares were down 7.8% in afternoon trade, bringing its year-to-date losses to nearly 12%."We view (artificial intelligence) developments as far more important than auto deliveries for (Tesla's) long-term cash generation and stock performance," Truist Managing Director William Stein said in a note to clients."The most important of these, near-term, is (Full Self-Driving) and related projects (robotaxi and cybercab), which (Tesla) did not update today," Stein wrote. "We continue to view progress in this area as positive, but imperfect."Full Self-Driving is a driver assistance software offered by Tesla.The brokerage reiterated its hold rating on the EV maker's stock while raising its price target to $430 from $400.Tesla produced 451,758 vehicles in the second quarter, compared with 410,244 a year earlier and 408,386 in the March quarter. Truist was looking for 473,000 units in the latest quarter, according to the note.Separately, Rivian Automotive (RIVN) on Thursday raised its delivery projections for this year after its second-quarter numbers exceeded expectations. Ford Motor (F) reported a 10% annual drop in new US vehicle sales for the three months to June.Rivian shares were up 8.5% intraday, while Ford saw a 2.7% drop.On Wednesday, General Motors (GM) said US vehicle sales fell 4.2% year over year in the second quarter due to a smaller EV market, discontinued vehicles and inventory constraints.Tesla is scheduled to report its second-quarter financial results July 22.Price: $393.83, Change: $-31.47, Percent Change: -7.40%
Rivian Automotive (RIVN) raised delivery projections for this year after the electric vehicle manufacturer's second-quarter numbers exceeded expectations, while Ford (F) reported a 10% annual drop in new US vehicle sales for the three months to June.Rivian now expects full-year vehicle deliveries of 65,000 to 70,000, compared with its prior guidance of 62,000 to 67,000 and the FactSet-polled consensus for 64,000 units. Deliveries totaled 42,247 in 2025.Shares of Rivian were up nearly 10% in Thursday trade. The stock is down about 4.3% so far this year.For the June quarter, Rivian reported total deliveries of 12,194, surpassing six analysts' projection of 11,000 vehicles. The company delivered 10,365 vehicles in the March quarter, and 10,661 units in the 2025 second quarter.Rivian attributed the second-quarter performance to sequential growth of delivery vans and R1 electric sports utility vehicles, along with R2 SUV deliveries.The company said it produced 12,613 vehicles in the second quarter, up from the March quarter output of 10,236 vehicles and more than double the year-ago tally of 5,979 units.Ford Motor's (F) second-quarter new US sales declined 10% annually to 549,200 vehicles, partly reflecting the planned phase-out of the Escape and Corsair. Pure EV sales plunged 41%.It sold 457,315 units in the first quarter of 2026 and 612,095 vehicles in the second quarter of 2025.Ford sold 1 million vehicles from January to June, down 9.6% from the year-ago period. First-half F-Series sales tumbled 13%."Although customer demand remains high, first-half F-Series sales reflect a retiming of commercial production following last year's aluminum supply shortages," Ford said in a release. "Ford expects supply to recover more fully in the second half of the year."Separately, Tesla (TSLA) reported second-quarter deliveries well above Wall Street's expectations.On Wednesday, General Motors (GM) said US vehicle sales fell 4.2% year over year in the second quarter due to a smaller EV market, discontinued vehicles and inventory constraints.Last week, Cox Automotive maintained its 2026 new vehicle sales forecast at 15.8 million units, which would reflect a 2.9% annual drop.Price: $18.96, Change: $+1.78, Percent Change: +10.36%
Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.8%.In corporate news, General Motors' (GM) US vehicle sales fell year over year in Q2, with the carmaker attributing the decline in part to a smaller electric vehicle market. GM shares were down 2.1%. Separately, Stellantis (STLA) shares added 1.7% after it said Wednesday its total US sales for H1 2026 increased 5%, with momentum continuing in Q2 with the brands' total sales up 6% and June sales rising 10% year over year.FedEx (FDX) has agreed to sell its supply chain subsidiary to French shipping and logistics firm CMA CGM in a roughly $1.4 billion deal, as the parcel delivery giant continues to streamline its portfolio. FedEx shares rose 0.4%.Nike's (NKE) fiscal Q4 revenue slipped year-over-year, while earnings got a boost from expected tariff refunds. Its shares climbed 4%.Kroger (KR) agreed to buy food and pharmacy retailer Giant Eagle in a $1.65 billion deal that will expand the supermarket chain's footprint into new markets. Kroger shares rose 0.7%.
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