$F
Ford Motor Co.
PRICE
$11.93 βΌ-0.5%
Extented Hours
VOLUME
45,217,854
DAY RANGE
11.88 - 12.08
52 WEEK
10.53 - 15.25
Join Discuss about F with like-minded investors
@gman2 #ivtrades
Just read that $GM CEO compensation to-medium- wage earner is 340 to 1. $F is not far behind. Both stocks have done nothing in years. When $GM CEO Mary Barra was interviewed about the strike, all she said was "It's not good for the economy." She never addressed the specifics. Time for her ass to go. Standing in solidarity with the UAW and everyone else with the balls to fight for a living wage.
100 Replies 15 π 14 π₯
@trademaster #TradeHouses
By Lewis Krauskopf, Chibuike Oguh and Lance Tupper NEW YORK (Reuters) - Nvidia (NASDAQ:NVDA)'s move to buy back $25 billion of its shares after its stock has more than tripled this year caught some investors off-guard, even as they cheered a stellar second-quarter report. Shares of Nvidia touched a record high on Thursday, a day after the company blew past expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed. However, Nvidia's stock buyback - the fifth-biggest repurchase announcement among U.S.-based companies this year, according to EPFR - surprised some investors. Companies commonly repurchase their stock as a way to return capital to shareholders. Such buybacks can benefit a stock's price by reducing the supply of shares and increasing demand, and can boost earnings per share, a closely watched investor metric. But while shareholders often see buybacks as an encouraging sign when a companyβs stock appears cheap, Nvidiaβs shares have shot up some 220% in 2023, leaving investors searching for the reasons behind the companyβs move. "It's a little bit of a head-scratcher," said King Lip, chief strategist at Baker Avenue Wealth Management, which has $2.5 billion in assets under management and counts Nvidia as a top-10 holding. "As a shareholder, we like to see stock buybacks, but for a company like Nvidia that is growing so fast, you kind of want to see their earnings being plowed back in to the company,β Lip added. As opposed to companies with sluggish financial performance growth that turn to buybacks to help prop up earnings per share, the announcement from Nvidia "comes as a surprise" given that they are "a hot growth tech name," said Daniel Morgan, senior portfolio manager at Synovus (NYSE:SNV) Trust, which owns Nvidia shares. "The message seems to be that (Nvidia's) management believes that their stock is undervalued," Morgan said. GENERATING CASH For some investors, an "undervalued" Nvidia might be a difficult message to stomach. Nvidia shares traded at 45 times forward 12-month earnings estimates as of Wednesday compared with about 19 times for the overall S&P 500, according to Refinitiv Datastream. "Historically, you'd love it when a company is able to buy their stock back when it is depressed, but I don't think anybody can make the case that it is at a depressed place right now," said Tom Plumb, CEO and lead portfolio manager at Plumb Funds, which has Nvidia as one of its largest holdings. However, Plumb said, the company might be limited in how it can deploy its resources after its deal to buy semiconductor designer Arm Holdings Ltd collapsed last year amid regulatory concerns. "They're generating incredible amounts of cash, more than they need for their current investment strategy, and they're prohibited from buying significant complementary businesses," Plumb said. "So what are they going to do with their cash?" Nvidia spent about 27% of revenue on research and development last year, in line with rival chip companies. The company did not immediately respond to a request for comment. In its second-quarter earnings release on Wednesday, Nvidia said its board approved $25 billion in additional share repurchases "without expiration," and that the company plans to continue repurchases this fiscal year. Despite the staggering dollar amount, Nvidia's buyback amounted to only 2.1% of its nearly $1.2 trillion market value, or buyback yield, as of Wednesday. That is less than the historic 2.58% buyback yield for the overall S&P 500, when looking over one-year periods, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. Meanwhile, several other megacap tech and growth companies have announced even bigger buybacks this year: Apple (NASDAQ:AAPL) at $90 billion, Alphabet (NASDAQ:GOOGL) at $70 billion and Meta Platforms (NASDAQ:META) at $40 billion. Tech companies tend to prefer using cash for buybacks over dividends, because "if they are on the hook for a dividend every quarter that may hinder their ability to take advantage of growth opportunities," said Daniel Klausner, head of U.S. public equity advisory at Houlihan Lokey (NYSE:HLI). Indeed, some investors welcomed Nvidia's buyback decision. "Itβs a show of confidence," said Francisco Bido, senior portfolio manager for F/M Investments' large cap focused fund, which holds Nvidia shares. "If they had better use for (the cash), I am pretty sure they would have done it."
71 Replies 13 π 10 π₯
@Esse #decarolis
H F siamo off topic poi Renato ci cazza :) chiudo off topic
91 Replies 6 π 14 π₯
@scottzman #droscrew
this is the world now I would have told her to f off and moved up and tell everyone behind her to do it
102 Replies 10 π 14 π₯
Key Metrics
Market Cap
47.45 B
Beta
0
Avg. Volume
47.26 M
Shares Outstanding
3.93 B
Yield
4.89%
Public Float
0
Next Earnings Date
2023-10-26
Next Dividend Date
Company Information
ford motor company, a global automotive industry leader based in dearborn, mich., manufactures or distributes automobiles across six continents. with about 197,000 employees and 67 plants worldwide, the companyβs automotive brands include ford and lincoln. the company provides financial services through ford motor credit company. for more information regarding ford and its products worldwide, please visit http://corporate.ford.com.
CEO: James Hackett
Website: https://www.ford.com/
HQ: 1 American Rd Dearborn, 48126-2701 Michigan
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