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February 4, 2022

PEP BOYS AUTO SERVICE & TIRES NAMED OFFICIAL AUTO SERVICE PARTNER OF NHRA; WILL SPONSOR ALL-STAR CALLOUT IN TOP FUEL AND FUNNY CAR

Furthermore, Pep Boys, which past 12 months declared its first areas committed to electric auto provider, will also be the title sponsor for a range of electric auto exhibitions, as NHRA will host a collection of Electric Exhibitions presented by Pep Boys Electric powered Vehicle Services for the duration of the 2022 NHRA Camping Globe Drag Racing Series year.

“Pep Boys is proud to be the Formal Car Services associate of the NHRA during this sort of an remarkable time for the activity and our business enterprise,” reported Brian Kaner, CEO, Pep Boys. “Our crew has been serving our customers and their motor vehicles for much more than 100 a long time, and we share a enthusiasm for automotive with NHRA and its lovers.”

The Pep Boys NHRA Top rated Gasoline All-Star Callout and the Pep Boys NHRA Amusing Automobile All-Star Callout, which were being previously acknowledged as the NHRA All-Star Shootout events, are a pair of remarkably predicted specialty races that will just take area in 2022.

The Pep Boys NHRA Top Gasoline All-Star Callout will get area at the third occasion of the season, the Amalie Motor Oil NHRA Gatornationals on March 10-13 at Gainesville Raceway, whilst the Pep Boys NHRA Humorous Automobile All-Star Callout is component of the prestigious Dodge Energy Brokers NHRA U.S. Nationals at Lucas Oil Indianapolis Raceway Park on Aug. 31-Sept. 5.

Each the Pep Boys NHRA Major Gasoline All-Star Callout and the Pep Boys NHRA Funny Automobile All-Star Callout will also be broadcast stay. The Top Gas specialty race will just take area on Saturday, March 12 in Gainesville and will be proven on the FOX national broadcast community, though the Amusing Car callout will get a stay timeslot on Fox Athletics 1 (FS1) on Sunday, Sept. 4 in Indy.

The Pep Boys NHRA All-Star Callout situations will attribute intensive competitors amongst the major eight NHRA Best Fuel and Amusing Vehicle motorists in the environment. The shootout will also use a simply call out format with the No. 1 seed receiving their initially choice of opponent. This exceptional structure will produce are not able to-pass up racing motion from the stars in the NHRA Camping World Drag Racing Collection.

In Best Gasoline, the eight-car subject will be set primarily based on a combination of time-conclude and qualifying factors at the 2022 Lucas Oil NHRA Winternationals and NHRA Arizona Nationals, with reigning 4-time world winner Steve Torrence previously earning his put into the field as the No. 1 seed.

In Humorous Car or truck, drivers will attain points in direction of the Pep Boys NHRA All-Star Callout from the 2021 NHRA U.S. Nationals right until the Lucas Oil NHRA Nationals in Brainerd, which is the remaining event prior to the once-a-year race in Indy.

“It is really interesting to welcome Pep Boys Auto Service & Tires as the sponsor of our specialty NHRA All-Star Callout races in the nitro types and make a pair of huge occasions even even bigger,” claimed NHRA President Glen Cromwell. “I know our lovers and race groups are not able to wait for these ought to-see specialty races throughout what will be an extraordinary 2022 period and we’re thrilled to have a companion like Pep Boys on board as component of it.”

As the Formal Auto Company Lover of NHRA, Pep Boys will also have a main presence on the halfway at all 22 NHRA Tenting Environment Drag Racing Sequence races and all through every broadcast on the FOX networks. At each individual celebration, racing supporters and their households can experience the most up-to-date technologies and amenities in automotive service as effectively as take part in enjoyment functions such as slot vehicle racing, and speak with Pep Boys recruiters and fleet representatives. Launched in 1921 by army veterans, Pep Boys has approximately 1,000 Provider and Tire Centers nationwide, staffed by ASE-certified pros who provide specialist assistance to equally individual and fleet buyers.

“We are on the lookout ahead to this fantastic new partnership with Pep Boys as the Formal Auto Provider Partner of NHRA,” Cromwell extra. “With a robust existence in our racing markets, we are not able to wait to showcase the exhilaration of NHRA drag racing to Pep Boys’ present and upcoming consumers.”

NHRA also options to host electrical exhibition races during NHRA Tenting Entire world Drag Racing Sequence situations during the 2022 year, with at least four Electric powered Exhibitions offered by Pep Boys Electric powered Automobile Provider getting put throughout the yr.

Just about every NHRA electrical vehicle exhibition race will be highlighted on FOX and FS1 broadcasts and has the probable to aspect a selection of thrilling specialty electric vehicles.

Pep Boys will also participate in the NHRA Youth & Education Expert services (Sure) Application, the only total-time education and learning plan in motorsports that presents top quality experiences and functions for universities and youth corporations nationwide. The application permits learners to understand about and check out various career options inside of the proficient trades and how S.T.E.M. is applied to both serious-globe scenarios and NHRA Drag Racing, are living at the keep track of.

“Pep Boys is passionate about the long term of automotive company and the persons who hold our nation’s autos on the highway,” mentioned Kaner. “We glance ahead to reaching 1000’s of college students and potential technicians as a result of the Yes software and encouraging to present them what’s feasible as a result of a occupation in automotive support.”

About Pep Boys
Pep Boys is pushed by its guarantee to its shoppers: We go even further to enable you go farther. Established in 1921 by army veterans, generations of motorists have counted on Pep Boys ASE-accredited Professionals to treatment for their cars. With a countrywide network of Assistance and Tire Facilities, millions of automobiles go by Pep Boys bays each year. Our dedication to staying the 1 our communities rely on is shown via our excellent purchaser expertise and assist of the important technological teaching initiatives needed to close America’s expertise hole. For more data, stop by www.pepboys.com.

About Tenting Earth Holdings, Inc.
Camping Earth Holdings, Inc., headquartered in Lincolnshire, IL, (alongside one another with its subsidiaries) is America’s premier retailer of RVs and relevant merchandise and products and services. Our vision is to develop a long-time period legacy business that tends to make RVing entertaining and quick, and our Tenting World and Very good Sam brand names have been serving RV customers because 1966. We attempt to construct prolonged-phrase price for our buyers, workforce, and shareholders by combining a one of a kind and complete assortment of RV goods and companies with a nationwide network of RV dealerships, assistance facilities and buyer help centers alongside with the industry’s most intensive online presence and a extremely educated and well-informed team of associates serving our shoppers, the RV way of life, and the communities in which we function. We also consider that our Great Sam corporation and spouse and children of packages and companies uniquely permits us to link with our buyers as stewards of the RV enthusiast local community and the RV lifestyle. With over 185 destinations in 40 states, Tenting Globe, and sister corporation Gander RV, have grown to come to be key locations for all the things RV. For a lot more info, visit www.CampingWorld.com.

About NHRA
Headquartered in San Dimas, Calif., NHRA is the primary sanctioning entire body for the sport of drag racing in the United States. NHRA presents 22 countrywide functions featuring the NHRA Camping Entire world Drag Racing Series, NHRA Lucas Oil Drag Racing Series, NHRA Professional Mod Drag Racing Sequence, Consistent Aviation Manufacturing facility Inventory Showdown and Major Gas Harley Sequence. NHRA gives opposition possibilities for drivers of all stages in the NHRA Summit Racing Collection and the NHRA Drags: Street Legal Type. NHRA also provides the NHRA Jr. Road system for teens and the Summit Racing Jr. Drag Racing League for youth ages 5 to 17. With around 120 Member Tracks, NHRA enables racers to compete at a wide variety of places nationally and internationally. NHRA’s Youth and Education Companies (Indeed) Software reaches around 30,000 college students on a yearly basis to ignite their fascination in automotive and racing linked careers. NHRA’s streaming support, NHRA.television set, makes it possible for followers to perspective all NHRA nationwide activities as effectively as special attributes of the activity. In addition, NHRA owns and operates 3 racing services: Gainesville Raceway in Florida Lucas Oil Indianapolis Raceway Park and Auto Club Raceway at Pomona in Southern California. For far more info, log on to www.NHRA.com, or pay a visit to the official NHRA pages on Fb, Instagram, Twitter and YouTube.

Get in touch with:
[email protected]
[email protected]

NHRA Media Middle On the internet: media.nhra.com

Pep Boys Newsroom: pepboys.com/company/newsroom

Supply Pep Boys NHRA

January 22, 2022

Top hedge fund manager warns that market ‘superbubble’ will burst

Jeremy Grantham, co-founder and main financial commitment strategist of Grantham, Mayo, & van Otterloo (GMO) mentioned in a report called “Let the Wild Rumpus Start off” that stocks are now in the midst of a “superbubble,” that it will never stop well.

Grantham, who has been running the firm’s investments given that it was commenced in 1977, was likewise bearish at market place tops in 2000, and throughout the Wonderful Fiscal Crisis of 2008.

“Very good luck! We will all want it,” reported Grantham, whose organization manages about $65 billion in assets.

He noted that US stocks have knowledgeable two these types of “superbubbles” in advance of: 1929, a marketplace tumble that led to the Terrific Melancholy, and yet again in 2000, when the dot-com bubble burst. He also explained the US housing marketplace was a “superbubble” in 2006 and that the 1989 Japanese stock and housing marketplaces were being the two “superbubbles.”

2022 hasn't been good for stocks. But the Biden market is still up 18{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}

“All five of these superbubbles corrected all the way back to development with significantly higher and more time ache than average,” Grantham wrote.

Quite a few investors never want to believe that that the stock market place is overdue for a broader pullback, Grantham argues, especially given that the current market fell into bear territory — albeit briefly — in March 2020 at the pandemic’s start.

“In a bubble, no one would like to listen to the bear circumstance. It is the worst kind of party-pooping,” Grantham wrote. “For bubbles, especially superbubbles wherever we are now, are generally the most exhilarating monetary ordeals of a life time.”

Grantham believes that the Federal Reserve’s moves to minimize rates to zero — and then preserve them there for nearly two many years — is a major bring about for the market’s current frothiness. The Fed is widely envisioned to get started elevating premiums at its March conference.

“One of the major reasons I deplore superbubbles — and resent the Fed and other financial authorities for making it possible for and facilitating them — is the under-recognized damage that bubbles cause as they deflate and mark down our wealth,” he wrote.

Jeremy Grantham, co-founder of hedge fund GMO, is warning that stocks could fall a lot further.

Grantham additional that “as bubbles type, they give us a ludicrously overstated perspective of our serious prosperity, which encourages us to shell out appropriately. Then, as bubbles split, they crush most of those people goals and speed up the destructive economic forces on the way down.”

“To allow for bubbles, permit by yourself aid them together, is just negative financial coverage,” Grantham wrote, introducing that he’s anxious about “the terrible enhance in inequality that goes with larger rates of assets, which a lot of only do not possess.”

This just isn’t the very first time Grantham has issued these types of a doom and gloom connect with on the markets. He designed a comparable proclamation about the end of the bull market in January 2021, contacting stocks an “epic bubble.” The sector wrapped up 2021 in the vicinity of document highs and with its third straight calendar year of gains.

Charge hikes will deflate a large amount of the market’s scorching air

Other investing authorities share some, but not all, of Grantham’s worries. Jordan Kahn, president and main investment decision officer of ACM Resources, which has a portfolio that each purchases shares and shorter sells ones that it thinks are overvalued, stated there are certainly extra opportunities on the small facet of the marketplace ideal now.

Kahn informed CNN Enterprise that his lengthy-small fund is only invested about 30{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in bullish positions that it expects to go up. He is also anxious about what will occur to shares as fees go up.

Bitcoin tumbles as cryptocurrencies continue their downward slide

“When prices are at zero for a extensive time, it really is effortless to justify almost any valuation, and coming out of 2020 we observed ridiculous selling prices for stocks,” he claimed, a little something he hadn’t seen because 1999. “But as soon as inflation commenced individuals question valuations.”

Nonetheless, Kahn isn’t as bearish as Grantham. Fairly than an epic crash, he foresees a collection of what he calls “bubble-ettes,” mini manias in corners of the market these kinds of as crytpocurrencies and speculative, unprofitable tech shares.

“There has been a large amount of blind faith,” Kahn explained. “There are areas in which there has been a ton of speculation and there will be soreness there.”

January 13, 2022

Top Stock Market News For Today January 13, 2022

Stock Market Futures Steady After Another Green Day For Stocks

Stock market futures are edging up today following a session where stocks climbed marginally higher. For some, this slight movement in markets could be a welcomed sign. Before the release of December’s Consumer Price Index (CPI) figures yesterday, there were some bouts of volatility in the stock market. Following the results, things appear to be relatively calm. Given that the CPI reading is within economists’ estimates, this is understandable. Nevertheless, investors still have interest rate hikes to consider this year as inflation remains at highs last seen decades ago.

Among the economists commenting on this is Christian Scherrmann from the DWS Group U.S. He posits, “Persistent high inflation rates together with the recent strong labor market data reinforce the hawkish narrative provided by the Fed.” Furthermore, Scherrmann adds, “Looking ahead, Omicron looks set to dictate the fate of the economy in January and maybe in February, but current indications on how the new variant plays out suggest that the Fed will remain on track to reduce its accommodative monetary policy, most likely as early as in March this year, by hiking rates for the first time since December 2018.”

As of 7:36 a.m. ET, the Dow, S&P 500, and Nasdaq futures are trading higher by 0.12{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, 0.07{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, and 0.10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} respectively.

TSM Reports Solid Fourth Quarter Earnings Figures

The Taiwan Semiconductor Manufacturing Company (NYSE: TSM) or TSM for short, is among the notable names reporting earnings today. Earlier today, the firm announced its fourth-quarter results. In detail, TSM raked in an earnings per share (EPS) of about $1.15 for the quarter. This marks a respectable 16.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} increase year-over-year. Additionally, the company also reported a net income of about $6.01 billion on revenue of $15.84 billion. Year-over-year, this translates to gains of 16.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} and 21.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} respectively.

On top of that, the company also provided a breakdown of its revenue streams as well. Throughout the fourth quarter, TSM’s 5-nanometer chips, and 7-nanometer chips accounted for 23{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} and 27{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of total wafer revenue respectively. Also, “advanced technologies” defined as 7-nanometer and more advanced tech, made up the remaining 50{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Overall, the company seems to be going from strength to strength as it sees steady demand for semiconductor chips. Considering the ongoing supply shortages and TSM’s leading position in the industry, this could persist. As a result of all this, investors may want to keep an eye on TSM stock in the stock market today.

Tesla Co-Founder JB Straubel Sees EV Sales Taking Off Through 2025

Speaking of semiconductors, a booming market that relies on these chips now would be the electric vehicle (EV) industry. In fact, providing his outlook on EV sales is Tesla (NASDAQ: TSLA) co-founder JB Straudel. Namely, Straudel says that consumer demand for EVs has and continues to pick up. So much so that he is questioning industry estimates of EVs accounting for only 12.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of all U.S. auto sales by 2025. Straubel argues, “If you look at how fast adoption is growing in parts of Europe and other parts of the world, I think it points to a path of potentially even higher percentages than that by mid-decade.” With all this momentum, the top EV stocks in the market could be more appealing to investors now.

At the same time, it is also important to note that Straubel is currently the CEO of a battery-recycling firm, Redwood Materials. This is relevant to the current update from him as well. Notably, Redwood Materials is allocating $1 billion towards building a new EV battery recycling plant in Nevada. The company cites this very demand as a key reason behind the current facility. Subsequently, Redwood will employ the factory to produce necessary materials used at the Tesla Gigafactory in Nevada.

In other news, Bank of America (NYSE: BAC), or BofA for short, now offers a forecasting tool for both its corporate and commercial clients. The tool in question is an artificial intelligence (AI)-powered forecasting solution. Ideally, the tool serves to help BofA customers better manage their cash flows. To highlight, the current news comes from talks between executives and Bloomberg. More importantly, BofA clients will need to be using the bank’s CashPro app to benefit from this new service. In turn, the app gathers data and predicts future cash positions. This will apply to a client’s bank accounts across the board through AI.

For one thing, such a tool would be relevant given the Fed’s plans to raise interest rates this year. CashPro Global Product Head Tom Durkin also weighs in on this. He says, “We’re going into a raising-rate environment, so you need an effective tool that sets your cash position.” Not to mention, the company is also planning to reduce overdraft fees and eliminate non-sufficient fund fees. BofA plans to implement these changes to its core services in May 2022. All in all, the bank seems to be aggressively optimizing its operations amidst rising competition and challenging times. The question now is whether or not all this is enough to make BAC stock stand out among its peers.

Lithium Mining Stocks Gain Amidst Supply Shortages And Increasing Government And Analyst Support

Elsewhere, companies in the lithium mining space are gaining in the stock market now. For the most part, this could be thanks to rising lithium prices amidst dwindling supplies. To explain, the current scarcity is likely from the rising use of lithium as a core component in EV batteries. In a time where the shift towards clean energy resources is coming hard and fast, this is understandable. Evidently, the global price for lithium almost quadrupled throughout 2021.

This year, the price for this increasingly precious commodity continues to rise. As of yesterday, the price per ton of lithium carbonate in China is now at a record high of $49,600. Because of all this, lithium stocks such as Sociedad Quimica (NYSE: SQM) and Lithium Americas (NYSE: LAC) are in the green this week. Moreover, there is no shortage of exciting news from these two firms as well.

On one hand, SQM recently won a lithium development contract with the Chilean government. On the other hand, Lithium Americas received rosy analyst updates from Cowen (NASDAQ: COWN), Deutsche Bank (NYSE: DB), and Piper Sandler (NYSE: PIPR) this week. In particular, Piper Sandler notes that the company “holds the keys to a multitude of game-changing catalysts”. As such, it would not surprise me to see investors turning their radars to lithium mining stocks now.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

January 12, 2022

Top Stock Market News For Today January 12, 2022

Stock Market Futures Edging Up Ahead Of December’s Consumer Price Index Readings

Stock market futures are marginally higher in early morning trading today. This comes after a recovery rally on Tuesday following a whipsaw-like start to the trading week. All in all, this volatility in stocks is not all that surprising. Especially after comments from Federal Reserve Chairman Jerome Powell ensuring that the central bank is working on reeling in inflation. He said, “If we see inflation persisting at high levels, longer than expected, if we have to raise interest rates more over time, then we will.”

If that wasn’t enough, there is also more inflation-related data on tap today. At 8:30 a.m. ET, the Bureau of Labor Statistics is going to release the Consumer Price Index (CPI) figures for December. As it stands, economists are projecting a 7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} year-over-year CPI increase, its highest since 1982. For reference, this is versus a year-over-year jump of 6.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in November.

Providing some insight into all this is Brian Belski, BMO Capital Markets chief investment strategist. Belski notes, “I think the biggest comment on most investors’ minds that we talk to around the world would be a ‘policy mistake’ that the Fed might be too aggressive.” He continues, “Mr. Powell basically came out today and said this is going to be a process … with respect to how long this is going to take, and I think that’s what’s calming investors.”

As of 7:13 a.m. ET, the Dow, S&P 500, and Nasdaq futures are trading higher by 0.06{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, 0.03{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, and 0.05{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} respectively.

ExxonMobil Selling Ohio Shale Gas Properties Valued At About $200 Million; Invests In Biofuels Firm Biojet

Oil giant ExxonMobil (NYSE: XOM) is making several notable plays this week. As of yesterday, the company is currently trying to sell its shale gas properties in Ohio’s Appalachian Basin. The likes of which could be worth about $200 Million, given the current natural gas prices and production. In detail, the news came from Reuters who cited a marketing document alongside company confirmation. Now, Exxon’s current shale gas properties in the region span a whopping 27,000 acres. To highlight, 61 oil wells make up this asset. All of which produced around 81 million cubic feet per day equivalent of natural gas. Moreover, 274 wells being operated by other companies are also included in the current sale.

Also, while the company is divesting in this conventional energy asset, it is making investments in clean energy. On the same day, Exxon announced that it bought a 49.9{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} stake in Biojet, a Norwegian biofuels company. Through the current deal, Exxon can purchase up to 3 million barrels of Biojet’s biofuel a year. Ideally, this would serve to help the company grow its investments in low-carbon businesses. Additionally, Biojet is currently planning to develop five facilities to produce biofuels from forestry and wood-based construction waste.

In the larger scheme of things, this would be crucial in Exxon’s efforts to achieve net-zero greenhouse gas emissions. It aims to do so for its working assets in the U.S. Permian basin by 2030. As a result of all this, XOM stock is currently up by over 12{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} year-to-date. It seems that Exxon is looking to adapt to the times and investors are eager to tag along for now.

Source: TD Ameritrade TOS

Oil Prices Soar As Fed Sees Omicron Having Short-Lived Impact On Economy

At the same time, oil prices are on the rise following the latest comments from Federal Reserve Chair Jerome Powell yesterday. The price per barrel of Brent crude gained by a solid 3.52{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, settling at $83.72. Furthermore, U.S. West Texas Intermediate (WTI) rose by 3.82{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, ending the day with a price of $81.22 per barrel. Notably, both are at their highest levels since November. Overall, this is likely due to a positive outlook regarding energy demands. Yesterday, Powell argued that the economic impacts from the Omicron Covid variant will be “short-lived”.

On top of that, Powell also added that the upcoming quarters could be good for the recovering economy as Omicron subsides. Weighing in on the current price movement of oil in general is Phil Flynn, senior analyst at Price Futures Group. Flynn says, “Combination of facts – that demand is going to be stronger than anticipated and that OPEC’s supply may not grow as fast as the demand – is why prices are climbing.” All this alongside oil companies making notable plays continues to put the industry on investors’ radars this week.

Nio Pops On News Of Supply Agreement And HSBC Price Target Bump

In other news, Chinese electric vehicle (EV) maker Nio (NYSE: NIO) appears to be making a rebound. For the most part, this comes as Nio continues to power through on the operational front. To begin with, the company is now working with Chinese steel producer Baoshan Iron & Steel. This deal will see the duo collaborate via a product and supply chain partnership. According to Nio CEO William Li, “Nio needs a global partner like Baosteel to work hand-in-hand on products, supply chain, technology innovation, new material applications, and zero-carbon pathways.”

On top of that, analysts over at HSBC (NYSE: HSBC) are also bullish on NIO stocks’ growth prospects. Just this week, analyst Yuqian Ding reiterated a Buy rating on it with a price target of $54 per share. This would suggest a possible upside of 79.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} from its closing price of $30.02 at yesterday’s closing bell. Generally, the firm cites Nio introducing more models this year and strong demand for its ET5 EVs as driving factors. The real question now is whether investors should be buying into NIO stock’s current weakness or not.

Source: TD Ameritrade TOS

Walgreens Conducting “Strategic Review” Of U.K-Based Operations

Walgreens (NASDAQ: WBA) is currently conducting a “strategic review” of its Boots pharmacy chain in the U.K. This announcement comes from CEO Roz Brewer at the virtual JPMorgan (NYSE: JPM) Healthcare Conference this week. She said, “While the process is at an exploratory stage, we do expect to move quickly.” As it stands, the company is not giving a definite answer as to whether it would be selling its U.K.-based drugstore chain. If anything, a potential sale of the business would help fund the company’s ongoing push to bolster its health care offerings in the U.S.

To put things into perspective, Boots currently operates a network of 2,200 stores in the U.K. They provide for U.K. consumers’ day-to-day health, optical, and hearing needs. Moreover, Boots also sells a wide array of beauty products alongside its drugstore essentials. Not to mention, there is also the ongoing surge in Omicron cases in the U.S. to consider. Analysts from Mizuho believe that demand for Covid vaccines and test kits could continue to bolster sales for the quarter. Given all this exciting news about Walgreens, I could see investors eyeing WBA stock in the stock market today.

Source: TD Ameritrade TOS

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

January 11, 2022

Tesla’s top Black executive steps down as head of HR

Tesla Inc.’s head of human means and a single of its highest-ranking Black leaders, Valerie Capers Workman, is departing for a new task, leaving the corporation without having a key defender soon after various racism controversies in current a long time.

Workman is signing up for job-network organization Handshake future week as main authorized officer, she verified in an email. Her LinkedIn profile displays that her position as Tesla’s vice president of persons concludes this month.

Workman has been a well known voice from inside of the corporation on concerns of race and has also played a crucial role primary Tesla’s response to Covid-19 dangers. The departure is amongst the most substantial modifications at the top in modern months. Tesla struggled with a raft of govt departures in 2018, but the turnover has largely settled down as the company’s inventory has soared.

Tesla’s shares climbed 50 percent final 12 months, including to a 743 {cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} surge in 2020. The organization, which tends not to disclose significantly about its executive moves, did not reply to ask for for more aspects.

“I am proud of all that I was able to attain at Tesla with the aid of definitely superb colleagues, specially the Men and women and Lawful teams,” Workman explained in an email. Citing her substantial college practical experience in keep track of and field in which she necessary to “pass off the baton in a much better spot than when I received it,” Workman wrote that she was “confident that I have accomplished this at Tesla with the implementation of so many important plans for employees around the globe.”

Workman, an attorney who begun in Tesla’s legal department in 2018, was elevated to the vice president of individuals position in July 2020 and described right to CEO Elon Musk. Through her tenure, Tesla battled discrimination lawsuits, navigated pandemic surges, released its to start with Diversity, Fairness and Inclusion report, and advised staff members that they could use one of their paid out time off times to celebrate Juneteenth.

Workman is highlighted in the firm DEI report as an example of an individual who rose quickly by means of the ranks, transferring from affiliate basic counsel to the head of human assets for several locations and in the long run her most-new govt purpose.

“My promotions are illustrative of just one of the issues I adore most about Tesla here you are never ever typecast into performing just one particular matter,” Workman mentioned in the December 2020 report.

Black and African-American employees characterize 10 p.c of Tesla’s U.S. workforce, but just 4 per cent of professionals at the stage of director and over, according to the report.

In latest a long time, Tesla has faced a number of substantial-profile lawsuits in excess of its procedure of Black staff members and subcontracted staff at the company’s vehicle plant in Fremont, Calif. In October, a former contract worker at the factory was awarded $137 million in damages right after a jury discovered that Tesla dismissed racial taunts and offensive graffiti. Tesla is attractive.

In an inside e mail that Tesla printed as a web site write-up the night of the verdict, Workman wrote that she “heard the testimony of every single witness” and attended each individual working day of the trial, sitting down at the defense desk for Tesla. “The Tesla of 2015 and 2016 (when Mr. Diaz worked in the Fremont manufacturing unit) is not the similar as the Tesla of today,” wrote Workman in the put up.

Workman drew on her practical experience as a Black female in the U.S. when reflecting on the May perhaps 2020 murder of George Floyd.

“When I was coming into operate all through Shelter In Place, I clipped my do the job badge to my seatbelt so I would not have to reach for it in scenario I was pulled around and had to describe why I was on the street,” she wrote in a information to staff members at the time. “Fearing for the lives of my husband and sons is a consistent nagging undercurrent that I suppress so that I can go about my day.”

‘Why variety matters’

Workman’s message explained actions she had taken like asking the company’s gains workforce to offer an overview of mental well being methods and reminding its protection head “to guarantee that stability groups are aware of their job to help employees and recognize the stresses they are working with.” She extra, “This is just one of the factors why diversity issues.”

Tesla’s 2020 DEI report also noted that Workman led the groups that developed Tesla’s “employee-focused programs” responding to Covid-19.

A couple months following Musk defied a area wellbeing purchase by trying to keep the Fremont manufacturing unit open, Workman defended the company’s managing of the pandemic at a conference of the city council in Austin, Texas, where Tesla has since moved its headquarters and is developing its up coming manufacturing unit.

She advised the council customers that she was there to “really convey to you the genuine tale about Tesla as opposed to the matters that you hear in the media,” in accordance to a transcript posted on the city’s internet site. “We have been way in advance of the curve, and it’s type of unfortunate that the media has not captured that.”

Tesla has normally been opaque about its executive organizational chart, preferring the emphasis to be on the company’s merchandise instead than men and women. Tesla has just three named government officers in its regulatory filings: Musk, CFO Zachary Kirkhorn and Drew Baglino, the senior vice president of powertrain and strength engineering.

December 20, 2021

Here are the top 10 North American automaker factory projects of 2021

If vehicle factory investments were being hobbled in 2020 by COVID-19-associated fears and world-wide company uncertainties, 2021 could be identified as the yr when automakers manufactured up for misplaced time. The vehicle marketplace arrived out of its pandemic doldrums, paying out money with a vengeance to produce new producing capacity and jockeying for situation in electric products and solutions.

The past few months have witnessed production assignments on a bold scale, such as the greatest U.S. expenditure in electrical automobiles at a person time by Ford Motor Co.

“Electrification is driving a new wave of car manufacturing facility investment,” explained Terni Fiorelli, assistant director of the Automotive Communities Partnership at the Heart for Automotive Analysis, an corporation in Ann Arbor, Mich., that tracks field investment decision through its Ebook of Deals.

“Past calendar year, half of the 10 biggest automaker jobs in North The united states were being associated to electric powered autos,” she explained. “This 12 months, all 10 of the major 10 were being. And what you are seeing progressively are the recognized automakers finding into it, whereas right before, a lot of EV investments had been coming from new businesses.”

Automaking investments have always been high-priced. But there is a new value aspect currently: Automakers are not simply adding far more of what they had been creating — a lot more cars and trucks, a lot more engines, additional transmissions.

They are as an alternative owning to make an all-new products spectrum — new EV platforms, with new technologies to electric power them and new parts to assemble them.

At the instant, battery crops are the tail wagging the canine in North American plant expense. Practically every single new assembly line for an EV now necessitates the construction of new battery potential. And that just isn’t cheap. Battery-mobile factories have been coming with cost tags of much more than $1 billion.

Automakers are confident in investing at a increased stage now for the reason that the industry is calling for it, claimed Tom Stringer, managing director of the true estate consulting firm and web site look for advisory BDO International.

“This is all industry-driven,” Stringer explained to Automotive Information very last 7 days as he toured the freshly done Nikola Corp. electrical truck plant in Coolidge, Ariz., a undertaking on which he consulted. “A ton of cash is getting spent on capability right now because that’s what shoppers are stating they want. The time is ideal. The financial system is robust and the capital is readily available to make it transpire.”

In this article are the 10 most significant automaker jobs introduced for North America for the duration of 2021, by dollar sum, in accordance to the Heart for Automotive Research’s Book of Deals.