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Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Decline in Wednesday Trading

Asian equities traded in the US as American depositary receipts were tracking lower Wednesday morning, declining 0.77% to 2,920.23 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by real estate management and digital security firm Eason Technology (DXF) and automotive company Honda Motor (HMC), which climbed 17.9% and 4.7% respectively. They were followed by lenders Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG), which advanced 1.8% and 1.5% respectively.The decliners from North Asia were led by fintech company Qfin (QFIN) and healthcare platform 111 (YI), which fell 5.2% and 4.4% respectively. They were followed by entertainment streaming service iQIYI (IQ) and online brokerage UP Fintech (TIGR), which lost 4.2% and 3.3% respectively.From South Asia, the only gainers were lenders ICICI Bank (IBN) and HDFC Bank (HDB), which rose 1.7% and 1.1% respectively.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and IT firm Sify Technologies (SIFY), which dropped 12.5% and 4.8% respectively. They were followed by IT firm Infosys (INFY) and computer hardware maker Canaan (CAN), which were down 4.5% and 3.5% respectively.

$CAN$DXF$HDB$HMC$IBN$INFY$IQ$MUFG$QFIN$SIFY$SMFG$TDTH$TIGR$YI
Wire

American Honda Sales Rise 9.9% in May

Honda Motor (HMC) said Tuesday that American Honda vehicle sales increased 9.9% to 148,903 units in May from a year ago.Year-to-date sales were down 0.2% to 623,139 units from the same period last year, the company said.Price: $26.48, Change: $+0.24, Percent Change: +0.91%

$HMC
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Friday Trading

Asian equities traded in the US as American depositary receipts were falling sharply Friday morning, shedding 1.58% to 2,858.67 on the S&P Asia 50 ADR Index, which is flat for the week so far.From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and automotive company Honda Motor (HMC), which rose 3.3% and 1.5% respectively. They were followed by lender Mitsubishi UFJ Financial Group (MUFG), which was up 2.3%.The decliners from North Asia were led by real estate and digital security company Eason Technology (DXF) and video display maker LG Display (LPL), which tumbled 10% and 22% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and brand platform Baozun (BZUN), which dropped 7.3% and 5.7% respectively.From South Asia, the gainers were led by IT firm Infosys (INFY) and fintech firm Trident Digital Tech (TDTH), which advanced 3.3% and 2.5% respectively. They were followed by IT firm Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 1.9% and 1.2% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and IT company Sify Technologies (SIFY), which lost 8.1% and 3.4% respectively. They were followed by lenders HDFC Bank (HDB) and ICICI Bank (IBN), which were off 1.8% and 0.7% respectively.

$BZUN$CAN$DXF$GRVY$HDB$HIMX$HMC$IBN$INFY$LPL$MUFG$RDY$SIFY$TDTH$WIT$ZLAB
Research

Research Alert: CFRA Maintains Hold Opinion On Ads Of Honda Motor Co., Ltd

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We revise our 12-month target price to USD26 (from USD25), which implies a forward P/E of 9.7x based on our revised FY 27 (Mar.) EPS estimate of JPY423 (up from JPY297). We also initiate our FY 28 EPS estimate of JPY579. Our upward revision reflects a clearer near-term earnings trough following Honda's decisive reassessment of its automobile electrification strategy, which resulted in total EV-related losses in FY 26 but allows the company to focus on its profitable hybrid electric vehicle (HEV) and motorcycle operations. The motorcycle business continues to deliver record-high sales volumes and operating profit, supported by strong demand in India and Brazil, while the automobile business is projected to benefit from a renewed focus on HEVs, particularly in North America, where the company plans to increase production and introduce new models. Honda's sound financial foundation supports a stable dividend.

$HMC
Mining & Metals

Market Chatter: Honda "Indefinitely Suspends" a C$15-Billion EV Plant in Ontario

Honda Motor (HMC) is suspending a C$15 billion electric-vehicle manufacturing plant planned for Ontario as its raises it focus on hybrid-vehicle production, CTV News reported.The company said it is "indefinitely suspending" the project as the company reported its first-ever annual loss on Thursday, the news service reported, due to the costs of its EV strategy as the Trump Administration ended subsidies and lowered emission standards for internal-combustion vehicles.The project, backed by C$5 billion in subsidies from the federal and Ontario government, would have created 1,000 jobs at the company's Alliston, Ontario, manufacturing facility and produce 240,000 EVs annually.Honda said the suspension will not affect current production or employment at its Alliston operations.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $25.62, Change: $+1.25, Percent Change: +5.13%

$CXY$HMC
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Higher in Thursday Trading

Asian equities traded in the US as American depositary receipts were higher Thursday morning, rising 0.37% to 2,913.12 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by Eason Technology (DXF) and Honda Motor (HMC), which advanced 63% and 4.2% respectively. They were followed by video display maker LG Display (LPL) and media company Phoenix New Media (FENG), which were up 3.6% and 2.9% respectively.The decliners from North Asia were led by automobile marketplace Autohome (ATHM) and video streaming service Bilibili (BILI), which fell 9.1% and 7% respectively. They were followed by tech company Baidu (BIDU) and internet and data center services provider VNET Group (VNET), which were down 5.4% and 2.1% respectively.From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and HDFC Bank (HDB), which climbed 3.8% and 2.9% respectively. They were followed by ICICI Bank (IBN) and IT firm Wipro (WIT), which increased 1.2% and 1.1% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and Canaan (CAN), which dropped 5.6% and 2.7% respectively. They were followed by IT firm Infosys (INFY) and Telekomunikasi Indonesia (TLK), which lost 1.9% and 0.5% respectively.

$ATHM$BIDU$BILI$CAN$DXF$FENG$HDB$HMC$IBN$INFY$LPL$RDY$SE$TLK$VNET$WIT
Research

Research Alert: Honda Reports Substantial Ev-related Losses For Fy 26 Amid Strategy Shift

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Honda reported a consolidated operating loss of JPY414.3B for FY 26 (Mar.), down sharply from the prior year's profit of JPY1,213.5B, primarily due to EV-related losses totaling JPY1,577.8B from strategy reassessment and asset impairments. Revenue edged up 0.5% to JPY21,796.6B, supported by higher motorcycle sales in Asia and South America that offset automobile declines from semiconductor shortages and tariff impacts. Excluding one-time EV charges, adjusted operating profit of JPY1,039.3B demonstrated underlying operational strength, with the motorcycle business achieving record sales volume and operating profit of JPY731.9B. For FY 27, management forecasts operating profit of JPY500.0B and expects the company to bottom out in FY 26-FY 27 before beginning recovery. Honda maintained its JPY70 dividend and robust cash position of JPY5,118.4B, while planning motorcycle capacity expansion in India targeting record 22.8M unit sales and shifting automobile focus toward hybrid vehicles in North America.

$HMC
Sectors

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks rose late Tuesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.7%.In sector news, Redbook US same-store sales last week rose 7.8% from a year earlier after a 7.7% increase in the previous week. "Warmer weather and Mother's Day promotions are boosting sales of seasonal clothing and accessories as the day approaches," Redbook said.In corporate news, Honda Motor (HMC) is pausing its plans to build an EV manufacturing facility in Canada amid weak US demand, Nikkei Asia reported. The automaker, which initially intended to invest 15 billion Canadian dollars ($11 billion) in the site and a battery factory, suspended the project indefinitely and initiated discussions with the Canadian government, the report said. Honda shares rose 1.3%.Harley-Davidson (HOG) shares jumped 7.4% after the company reported Q1 revenue that topped Wall Street estimates.Ambev (ABEV) shares surged 17% after the company reported higher-than-expected Q1 normalized earnings and net revenue.Anheuser-Busch InBev (BUD) shares climbed 9.4% after the company reported higher fiscal Q1 underlying earnings and revenue.

$ABEV$BUD$HMC$HOG
Sectors

Sector Update: Consumer

Consumer stocks were rising late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.7%.In corporate news, Honda Motor (HMC) is pausing its plans to build an electric vehicle manufacturing facility in Canada amid weak US demand, Nikkei Asia reported. The automaker, which initially intended to invest 15 billion Canadian dollars ($11 billion) in the site and a battery factory, has suspended the project indefinitely and initiated discussions with the Canadian government, the report said. Honda shares were up 1.5%.

$HMC
Wire

Market Chatter: Honda Motor Halts Canadian EV Plant Plans Amid Weak US Demand

Honda Motor (HMC) is pausing its plans to construct an electric vehicle manufacturing facility in Canada amid weak US demand, Nikkei Asia reported Tuesday, citing sources.The automaker, which initially intended to invest 15 billion Canadian dollars ($11 billion) in the site and a battery factory, has suspended the project indefinitely and initiated discussions with the Canadian government, the news outlet reported.Honda will also cease production of its Prologue electric vehicle, developed alongside General Motors (GM), in H2, leaving its US portfolio temporarily without any electric models, according to the report.The company plans to reduce its 7 trillion-yen ($44.34 billion) global electrification investment goal for 2030 and repurpose its Ohio manufacturing operations, including a battery joint venture with LG Energy Solution, to focus on hybrid and gasoline vehicles, Nikkei Asia noted.Honda did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $24.18, Change: $+0.32, Percent Change: +1.34%

$GM$HMC
Wire

American Honda April Sales Down 0.2%

Honda Motor Co (HMC) reported Friday that American Honda vehicle sales were at 137,405 units in April, down 0.2% from a year earlier.Sales year-to-date were down about 3.1% to 474,236 units from the same period last year, the company said.Price: $24.11, Change: $-0.23, Percent Change: -0.97%

$HMC
Wire

Update: Market Chatter: Foreign Automakers Consider Pulling Cheapest Models From US Amid Trade Deal Uncertainty

(Updates with Honda's and Nissan's responses to requests for comment.)Foreign automakers have notified the Trump administration they could remove their cheapest car models from the US market if the US-Mexico-Canada Agreement is watered down or not renewed at all, The Wall Street Journal reported Tuesday, citing unnamed people familiar with the discussions.Toyota Motor (TM), Honda Motor (HMC), Nissan and Hyundai offer US consumers small, affordable cars, and though many of those are made in the US, they rely on parts from all three North American countries, the report said.Honda said it would continue selling the compact Civic in the US even without a trade deal, but that the economics of doing so would become more difficult without the certainty of free trade between North American nations, a Honda spokesperson toldvia email."Nissan is committed to providing affordable vehicles for American customers and is increasing US manufacturing to support that goal," a Nissan spokesperson toldvia email. "However, tariffs on entry-level vehicles are driving up costs and jeopardize affordability for consumers. We are actively engaging with leaders in the United States and Mexico to address this challenge."Toyota and Hyundai didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $193.23, Change: $+1.06, Percent Change: +0.55%

$HMC$TM
Sectors

Sector Update: Tech Stocks Advance Pre-Bell Tuesday

Technology stocks were advancing pre-bell Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 2% higher.CrowdStrike (CRWD) shares were up more than 1% after the company said it has expanded its go-to-market strategy across Japan and Asia Pacific, aiming to boost cybersecurity adoption among small and medium-sized businesses, or SMBs.Core Scientific (CORZ) stock was up more than 2% after the company said its Core Scientific Finance I unit plans to launch a private offering of $3.3 billion worth of senior secured notes due 2031.Sony Group (SONY) and Honda Motor (HMC) will scale down operations of their Sony Honda Mobility joint venture, citing difficulty in finding ways to bring products and services to the market in the short to medium term, the companies said. Sony Group shares were down more than 1% premarket.

$CORZ$CRWD$HMC$SONY$XLK$XSD
Sectors

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks were higher late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 2.4%.In corporate news, Lululemon Athletica's (LULU) billionaire founder Chip Wilson is starting a business focused on small athletic brands, Bloomberg reported. Wilson has hired an operating partner to be part of the new venture, which will include new brands and existing small brands, the report said. Lululemon shares were up 2.7%.Sony (SONY) and Honda's (HMC) 50-50 joint venture has decided to explore other opportunities to make the venture work after canceling plans for their proposed co-developed electric vehicle, Nikkei Asia reported Friday. The two companies are discussing non-EV products and services as alternatives and expect other uses for their EV technologies, the report said. Sony shares rose 1.4%, and Honda climbed 2.8%.Netflix (NFLX) shares dropped more than 9% after it released Q2 guidance late Thursday below market consensus. The streaming company also said that its Chairman and Co-founder Reed Hastings plans to step down when his term ends in June.Autoliv's (ALV) Q1 results exceeded Wall Street's estimates, while the Swedish automotive safety supplier affirmed its full-year outlook on Friday amid an uncertain business environment. Its shares jumped past 7%.

$ALV$HMC$LULU$NFLX$SONY
Wire

Market Chatter: Sony, Honda JV to Explore Other Opportunities to Make Venture Work After Shelving EV Plans

Sony (SONY) and Honda Motor's (HMC) 50-50 joint venture has decided to explore other opportunities to make the venture work after canceling plans for their proposed co-developed electric vehicle, Nikkei Asia reported Friday.The two companies are discussing non-EV products and services as alternatives and expect other uses for their EV technologies, the report said.Sony-Honda Mobility may still introduce a passenger car to market, but this would be a challenge amid advances in autonomous driving and technologies by carmakers in US and China, according to the media outlet.Sony and Honda did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $21.78, Change: $+0.31, Percent Change: +1.47%

$HMC$SONY
Sectors

Sector Update: Consumer Stocks Higher Pre-Bell Friday

Consumer stocks were higher premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gaining 0.4%.Autoliv (ALV) stock rose more than 10% pre-bell after the company reported higher-than-expected Q1 adjusted earnings and revenue.Tesla (TSLA) shares were up 2% before the opening bell. Bloomberg reported that the electric vehicle maker is planning to launch a six-seat, long-wheelbase version of the Model Y in India as early as next week.Honda Motor (HMC) shares were up 1% pre-bell. Reuters reported Thursday, citing people familiar with the matter, that the company will close at least one of its Chinese car production plants jointly run with Guangzhou Automobile Group in June.

$ALV$HMC$TSLA$XLP$XLY
Sectors

Sector Update: Tech Stocks Decline Premarket Monday

Technology stocks were declining premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.8% lower.Sony (SONY), SoftBank, NEC and Honda Motor (HMC) have jointly established a new artificial intelligence company to develop a domestic AI foundation model for use by Japanese companies, multiple media outlets reported. Shares of Sony Group were down more than 2% pre-bell.Aeluma (ALMU) stock was up more than 25% after the company said it has won more than $4 million in contracts to scale the US government's semiconductor heterogeneous integration platform for quantum and high-speed datacom applications.Cisco Systems (CSCO) is in discussions to acquire Israeli cybersecurity startup Astrix Security for $250 million to $350 million, The Information reported, citing people with knowledge of the deal. Cisco Systems shares were 0.6% lower pre-bell.

$ALMU$CSCO$HMC$SONY$XLK$XSD
Sectors

Sector Update: Tech

Technology stocks were declining premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.8% lower.Sony (SONY), SoftBank, NEC and Honda Motor (HMC) have jointly established a new artificial intelligence company to develop a domestic AI foundation model for use by Japanese companies, multiple media outlets reported. Shares of Sony Group were down more than 2% pre-bell.

$HMC$SONY