$STLA

Update: Ford's Top Aluminum Supplier Restarts New York Plant After Fires

(Updates with Ford's statement in the last paragraph.)Ford Motor's (F) top aluminum supplier, Novelis, said Wednesday it has restarted its aluminum-rolling plant in New York."Restarting the Oswego hot mill is an important step forward for our operations and, most importantly, for our customers," Novelis CEO Steve Fisher said in a statement. "We are deeply grateful for the flexibility and partnership our customers have shown, as well as the extraordinary efforts of our employees, suppliers and industry peers who came together to support continuity of supply."The Wall Street Journal earlier reported the restart.The plant, which also serves General Motors (GM), Stellantis (STLA) and some foreign automakers with US production, resumed operations after fires that caused a supply shock for the auto industry, the WSJ reported."We appreciate the close collaboration with Novelis to restart their hot mill," Ford said in an emailed statement to. "While this is positive progress, the disruption is a clear reminder of the distress facing many automotive suppliers today. Ford is committed to finding new and enhanced ways to work with our partners to prioritize long-term supply chain resilience -- not just for our company, but for the entire industry."Price: $14.39, Change: $-0.56, Percent Change: -3.75%

Update: Ford's Top Aluminum Supplier Restarts New York Plant After Fires

(Updates with Novelis' statement in the first and second paragraphs.)Ford Motor's (F) top aluminum supplier, Novelis, said Wednesday it has restarted its aluminum-rolling plant in New York."Restarting the Oswego hot mill is an important step forward for our operations and, most importantly, for our customers," Novelis President and Chief Executive Steve Fisher said in a statement. "We are deeply grateful for the flexibility and partnership our customers have shown, as well as the extraordinary efforts of our employees, suppliers and industry peers who came together to support continuity of supply."The Wall Street Journal earlier reported the news.The plant, which also serves General Motors (GM), Stellantis (STLA) and some foreign automakers with US production facilities, resumed the plant's operations after fires that caused a supply shock for the auto industry, WSJ reported.Ford didn't immediately reply to a request for comment from.Price: $14.66, Change: $-0.27, Percent Change: -1.81%

Sector Update: Consumer Stocks Higher Late Afternoon

Consumer stocks were rising 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) adding 0.3%.In sector news, Redbook US same-store sales rose by 9.1% from a year earlier in the week ended June 6 after a 9.0% year-over-year increase in the previous week, with seasonal buying accounting for a smaller share of activity than in recent weeks.In corporate news, Stellantis (STLA) is recalling nearly 790,000 Jeep Wranglers and nearly 290,000 Jeep Gladiators due to issues with the Electric Hydraulic Power Steering Pump that, in some cases, can cause overheating of combustible materials leading to a fire, according to a National Highway Traffic Safety Administration recall report. Stellantis shares were down 0.3%.J.M. Smucker (SJM) reported better-than-expected fiscal Q4 results on Tuesday, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint. Its shares jumped past 8%.United Natural Foods (UNFI) shares fell more than 11% after the company reported fiscal Q3 net sales below Wall Street's estimates on Tuesday. The food distributor also logged double-digit declines in conventional and retail sales.Academy Sports and Outdoors (ASO) raised its full-year outlook on Tuesday as fiscal Q1 earnings topped market estimates, but the company expects inflationary pressures to continue weighing on consumer spending for the rest of 2026. Its shares were down 2.4%.

Sector Update: Consumer

Consumer stocks were higher 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) adding 0.6%.In corporate news, Stellantis (STLA) is recalling nearly 790,000 Jeep Wranglers and nearly 290,000 Jeep Gladiators due to issues with the Electric Hydraulic Power Steering Pump that, in some cases, can cause overheating of combustible materials leading to a fire, according to a National Highway Traffic Safety Administration recall report.Stellantis shares were down 0.3%.

Sector Update: Energy Stocks Advance Premarket Thursday

Energy stocks were advancing premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.9% higher.The United States Oil Fund (USO) was up 1.7% and The United States Natural Gas Fund (UNG) was 0.4% higher.Front-month US West Texas Intermediate crude oil was 2.1% higher at $90.56 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.6% to $95.84 per barrel, and natural gas futures were up 5% at $3.04 per 1 million British Thermal Units.TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said. Shares of TotalEnergies were up 2% pre-bell.Baker Hughes (BKR) has secured multiyear contract extensions with Equinor (EQNR) for drilling, well services and wireline intervention in the North Sea. Equinor stock was up more than 1% premarket.Borr Drilling (BORR) stock was up more than 4% after the company priced an upsized $2.04 billion senior secured notes offering and simultaneously expanded a tender offer for its outstanding 10.375% senior secured notes due 2030.

Sector Update: Energy

Energy stocks were advancing premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.8% higher.The United States Oil Fund (USO) was up 1.2% and the United States Natural Gas Fund (UNG) was 0.4% lower.Front-month US West Texas Intermediate crude oil was 2.3% higher at $90.71 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.1% to $96.24 per barrel, and natural gas futures were up 5% at $3.04 per 1 million British Thermal Units.TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said. Shares of TotalEnergies were up more than 1% pre-bell.

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.7%.In corporate news, Stellantis (STLA) is targeting revenue of 190 billion euros ($220.8 billion) by 2030, versus 154 billion euros in 2025. The shares eased 0.1%.Walmart (WMT) issued a fiscal Q2 earnings outlook below market estimates after reporting better-than-expected revenue in Q1. The shares fell 6.8%.Ralph Lauren (RL) outlined full-year revenue guidance implying a slowdown after reporting better-than-expected fiscal Q4 results. The shares jumped 14%.Advance Auto Parts (AAP) cautioned that demand for auto parts and vehicle maintenance may fluctuate amid high gasoline prices after Q1 results came in stronger than expected. The shares rose 14%.

Sector Update: Consumer

Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.8%.In corporate news, Stellantis (STLA) said Thursday it targets revenue of 190 billion euros ($220.8 billion) by 2030, versus 154 billion euros in 2025, under its 60 billion euro FaSTLAne 2030 plan. Its shares rose 0.2%.

Stellantis Targets $221 Billion Revenue by 2030 Under FaSTLAne Plan

Stellantis (STLA) said Thursday it targets revenue of 190 billion euros ($220.8 billion) by 2030, versus 154 billion euros in 2025, under its 60 billion euros FaSTLAne 2030 plan.The company also expects a cost reduction run-rate of 6 billion euros by 2028, which is set to increase further through 2030 under its Value Creation Program, according to a statement.Shares of Stellantis were down 1.1% in Thursday trading.Price: $7.45, Change: $-0.09, Percent Change: -1.13%

Stellantis Stock Trading Halted on Nasdaq, Pending Material News Release

Stellantis Stock Trading Halted on Nasdaq, Pending Material News Release

Top Midday Stories: Supreme Leader Says Enriched Uranium Must Stay in Iran; Nvidia Q1 Earnings, Q2 Guidance Top Estimates, But Shares Fall

All three major US stock indexes were down and oil prices were up after Iran's supreme leader issued a directive ordering that Iran's near-weapons-grade uranium must stay in the country, Reuters reported, citing two senior Iranian sources.In company news, Nvidia (NVDA) reported fiscal Q1 adjusted earnings late Wednesday of $1.87 per diluted share, up from $0.78 a year earlier and above the FactSet consensus analyst estimate of $1.75. Fiscal Q1 revenue was $81.6 billion, up from $44.1 billion a year ago and above the FactSet consensus of $78.9 billion. For fiscal Q2, the company said it expects revenue of $91 billion, plus or minus 2%, above the FactSet consensus of $87.23 billion. The company also said it authorized an additional $80 billion share repurchase plan, and it raised its quarterly dividend to $0.25 per share from $0.01. Nvidia shares were down 1.8% around midday.Walmart (WMT) reported fiscal Q1 adjusted earnings Thursday of $0.66 per diluted share, up from $0.61 a year earlier and equal to the FactSet consensus. Fiscal Q1 revenue was $177.75 billion, up from $165.61 billion a year ago and above the FactSet consensus of $174.84 billion. For fiscal Q2, the company said it expects adjusted EPS of $0.72 to $0.74, below the FactSet consensus of $0.75. Fiscal Q2 net sales are expected to increase by 4% to 5%, the company said. Walmart shares were down 7.4%.IBM (IBM), GlobalFoundries (GFS) and D-Wave Quantum (QBTS) said they are set to receive billions of dollars in US government backing as part of an effort by the Trump administration to solidify the nation's lead in quantum computing. IBM said it signed an LOI with the Commerce Department to launch Anderon, the US' first pure-play quantum chip foundry backed by $1 billion in CHIPS and Science Act funding. GlobalFoundries said it plans to build a domestic quantum manufacturing ecosystem with $375 million in proposed funding, while D-Wave said it secured a proposed $100 million award under the CHIPS and Science Act. Shares of IBM, GlobalFoundries and D-Wave were up 7.3%, 11.0% and 25.2%, respectively.SpaceX (SPCX) filed an S-1 registration statement with the Securities and Exchange Commission late Wednesday for an initial public offering. Separately, SpaceX entered into cloud-computing agreements to provide Amazon-backed (AMZN) Anthropic access to its server infrastructure, SpaceX said in a regulatory filing. Amazon shares were down 0.1%.Stellantis (STLA) said Thursday it's launching a 60-billion-euro ($69.7 billion), five-year plan to accelerate growth and increase profits. The plan, called FaSTLAne 2030, seeks to debut more than 60 new vehicles and 50 "significant refreshes" by 2030, the company said. Stellantis shares were down 2.3%.Intuit (INTU) reported fiscal Q3 adjusted earnings late Wednesday of $12.80 per diluted share, up from $11.65 a year earlier and above the FactSet consensus of $12.57. Fiscal Q3 revenue was $8.56 billion, up from $7.75 billion a year ago and above the FactSet consensus of $8.54 billion. For fiscal Q4, the company said it expects adjusted EPS of $3.56 to $3.62 on revenue growth of 11% to 12%. Analysts polled by FactSet expect adjusted EPS of $3.14. For fiscal 2026, Intuit said it expects adjusted EPS of $23.80 to $23.85, up from its previous guidance of $22.98 to $23.18 and above the FactSet consensus of $23.22. Fiscal 2026 revenue is expected to be between $21.34 billion and $21.37 billion, above the FactSet consensus of $21.24 billion. The company said it expects to incur $300 million to 340 million in restructuring charges from its plan to cut its full-time workforce by 17%, primarily in fiscal Q4. Intuit shares were down 19.7%.Anthropic is in talks to rent servers powered by artificial intelligence server chips designed by Microsoft (MSFT), The Information reported Thursday, citing two people who spoke to executives involved in the discussion. Microsoft shares were down 0.3%.Price: $218.96, Change: $-4.51, Percent Change: -2.02%

Stellantis Expands Partnership With Applied Intuition to Advance Development of Intelligent Vehicle Platform

Stellantis (STLA) and physical artificial intelligence firm Applied Intuition have expanded their technology partnership to support the development of the next generation of Stellantis' intelligent vehicle platform STLA Brain, the companies said Thursday.Financial details weren't provided.Applied Intuition will assist in software development, simulation, validation, and deployment across core vehicle systems through its Vehicle OS, Cabin Intelligence, and autonomy systems, the companies said.Price: $7.00, Change: $-0.53, Percent Change: -7.04%

Stellantis, Qualcomm Expand Vehicle Cockpit, Automated Driving Partnership

Stellantis (STLA) and Qualcomm (QCOM) said Thursday that they have expanded a multi-year agreement to integrate Snapdragon system-on-chips into next-generation Stellantis vehicles.The hardware will connect with the STLA Brain electronic platform to run passenger displays, connectivity tools, driver assistance programs, and the contract includes the Snapdragon Ride Pilot platform to support automated driving features, the companies said.The companies have also signed a non-binding letter of intent for Qualcomm to acquire the Stellantis-owned automated driving unit aiMotive, they said.Price: $7.01, Change: $-0.52, Percent Change: -6.90%

Sector Update: Consumer Stocks Advance Late Afternoon

Consumer stocks were higher late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.5%.In corporate news, Ford Motor (F) shares jumped past 14% after Morgan Stanley said the company had a "fairly high likelihood" of signing energy-storage solutions supply agreements with large commercial customers, including hyperscalers, in the next few months.Stellantis (STLA) shares gained 2.6% after Bloomberg reported Wednesday that the company and other carmakers are in talks with BYD over potential agreements involving underused manufacturing plants in Europe.Walmart (WMT) will fire or relocate about 1,000 corporate workers, The Wall Street Journal reported, citing people familiar with the matter and a memo sent to staff it viewed. Walmart shares were up 0.8%.Vivid Seats (SEAT) could benefit from World Cup ticket sales in June, BofA Securities said in a note. BofA raised the company's price target to $8.70 from $7.25 and kept its neutral rating. Vivid shares jumped past 7%.

Sector Update: Consumer Stocks Mixed in Afternoon Trading

Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.5%.In corporate news, Stellantis (STLA) shares added 2.3% after Bloomberg reported Wednesday that the company and other carmakers are in talks with BYD over potential agreements involving underused manufacturing plants in Europe.Walmart (WMT) will fire or relocate about 1,000 corporate workers, The Wall Street Journal reported, citing people familiar with the matter and a memo sent to staff it viewed. Walmart shares were up 0.4%.Vivid Seats (SEAT) could benefit from World Cup ticket sales in June, BofA Securities said in a note. BofA raised the company's price target to $8.70 from $7.25 and kept its neutral rating. Vivid shares jumped past 7%.

Sector Update: Consumer

Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) easing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.7%.In corporate news, Stellantis (STLA) shares added 2.6% after Bloomberg reported Wednesday that the company and other carmakers are in talks with BYD over potential agreements involving underused manufacturing plants in Europe.

Stellantis Adds Morocco Dismantling Hub to Support Middle East, Africa

Stellantis (STLA) opened a vehicle dismantling center in Morocco to serve the Middle East and Africa region.The 6,000 square-meter facility in Casablanca can dismantle up to 10,000 vehicles annually after a total investment of 1.6 million euros ($1.88 million), Stellantis said Wednesday in a statement.The company also operates dismantling centers in Italy and Brazil.Price: $7.67, Change: $+0.47, Percent Change: +6.46%

Research Alert: CFRA Maintains Sell Opinion On Ads Of Stellantis N.v.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We reduce our 12-month target price to USD5.80 from USD6.50, which implies a 2027 P/E of 3.5x. The reduction reflects a more cautious earnings outlook following Q1 2026 results, which, while marking a return to profitability, fell short of the pace of recovery we had previously modeled, particularly in the Enlarged Europe segment where persistent pricing headwinds are offsetting volume gains from the Smart Car roll-out. Consequently, we lower our 2026 EPS estimate to EUR0.90 from EUR1.37 and our 2027 estimate to EUR1.43 from EUR2.03. These downward revisions incorporate a larger-than-expected residual drag from prior-year cash charges, tariff impact that will continue to compress North American margins, and a European competitive environment. The sharp cut to our 2027 forecast also acknowledges that the path to a positive free cash flow inflection will demand flawless execution of an ambitious product cadence and cost discipline that the company has yet to demonstrate consistently.

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.6%.In sector news, Spirit Airlines failed to secure sufficient support from certain bondholders and the federal government for a $500 million lifeline, The Wall Street Journal reported. As a result, the airline is preparing to cease operations, the report said.In corporate news, Colgate-Palmolive (CL) shares rose 1.8% after the company reported Q1 results that topped analysts' expectations.The United Auto Workers union intends to hold a vote next week over whether to strike at a Stellantis (STLA) pickup truck factory in Suburban Detroit, Bloomberg reported, citing a UAW podcast. Stellantis shares were down 1.6%.Newell Brands (NWL) raised its 2026 sales outlook, crediting tax refunds, operational improvements, and better-than-expected consumer demand. Its shares jumped past 9%.Estee Lauder (EL) lifted its full-year earnings outlook on Friday as the cosmetics company said it aimed to lay off more staff than previously planned as part of an ongoing restructuring program. Its shares rose 2.4%.

UAW Plans Strike Authorization Vote at Stellantis Truck Factory, Bloomberg Reports