Ubiquiti Networks, United Natural Foods, Ford Motor, Genuine Parts And Fiat Chrysler Automobiles Highlighted As Zacks Bull And Bear Of The Day

Estimates are Falling

It didn’t take long for analysts to lower their estimates for fiscal 2019, and seven have slashed their earnings outlook in the last 60 days; our consensus has been slashed by more than half from $3.32 to $1.76 per share, and earnings are expected to decline 43.4% for the year.

The consensus estimate has fallen for next fiscal year, too, down well over one dollar from $3.61 to $2.33 per share. Seven analysts have also cut their estimates for this time period as well.

UNFI is a Zacks Rank #5 (Strong Sell).

Over the past year, United Natural Foods has struggled to improve margins as well as profitability, two factors that have really dampened shares. Unless the company can improve its bottom line, more quarters like Q1 may lie ahead.Additional content:

 Ford to Ally with Volkswagen to Cut Costs

 

Ford Motor Company will reveal a closer collaboration with Volkswagen AG, which is expected to be announced next week, per Reuters. The alliance between the companies is anticipated to go beyond commercial vehicles, which will aid the companies to reduce mounting costs as they make new technological advancements.

 In September 2018, it was reported that Ford and Volkswagen were analyzing partnership options to grow their business and cut costs. Per the recent updates, the companies are about to announce their global partnership during the Detroit auto show, beginning next week. It has already been confirmed by these automakers that no probable merger or equity stake transaction will take place between the two.

 Ongoing trade disagreements and economic volatility compelled these automakers to reconsider vehicle manufacturing for the United States, China and Europe. High freight costs are adding to the automakers’ woes, who are already struggling with high investment for developing latest technology to cater to evolving customer preferences. Further, cash-rich companies launching their own autonomous cars are adding competitiveness in the market.

The framework of the coalition between Ford and Volkswagen will include autonomous technology, Volkswagen’s investment in Ford, and Ford licensing Volkswagen's MEB electric vehicles platform. Discussions are still on to determine the scope of collaboration for electric and self-driving car technology. Additionally, Volkswagen is expected to gain access to Ford’s manufacturing hubs, and Transit commercial van and midsized pickup truck ‘Ranger’." data-reactid="62">The framework of the coalition between Ford and Volkswagen will include autonomous technology, Volkswagen’s investment in Ford, and Ford licensing Volkswagen's MEB electric vehicles platform. Discussions are still on to determine the scope of collaboration for electric and self-driving car technology. Additionally, Volkswagen is expected to gain access to Ford’s manufacturing hubs, and Transit commercial van and midsized pickup truck ‘Ranger’.

 In the last week, many prominent automakers announced their U.S. auto sales volume for 2018. During the year, Volkswagen’s sales rose 4.2% year over year to 354,064 vehicles while Ford witnessed a decline of 3.5% to 2.5 million. The sales decline for Ford is partly due to dropping passenger car sales and lower-than-expected sales of SUVs, trucks, and vans.

 Apart from its struggling position in the United States, economic slowdown in China and Europe are other headwinds for Ford. For 2018, the company lowered its earnings guidance to $1.30-$1.50 from $1.45-$1.70 mentioned earlier. Dropping sales in China and Europe, along with high costs incurred in 2018 owing to tit-for-tat tariffs, compelled the company to cut the outlook for 2018 by almost half.

 Price Performance

 Over the past three months, shares of Ford have lost 1% compared with the industry’s increase of 10.5%.

 Zacks Rank & Stocks to Consider

 Ford currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader auto sector are Genuine Parts Company and Fiat Chrysler Automobiles N.V., each currently carrying a Zacks Rank #2 (Buy). You can see

the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .

 Bridgestone has an expected long-term growth rate of 4.7%. Share price of the company has increased 4.7% in the past three months.

 Genuine Parts has an expected long-term growth rate of 5%. Over the past three months, shares of the company have gained 1.5%.

 Fiat Chrysler has an expected long-term growth rate of 25.3%. Shares of the company have gained 2.2% in the past month.

 Looking for Stocks with Skyrocketing Upside?

 Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

 Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

 See the pot trades we're targeting>>" data-reactid="75"> 

See the pot trades we're targeting>>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

 Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

To read this article on Zacks.com click here.

Source : https://finance.yahoo.com/news/ubiquiti-networks-united-natural-foods-132301526.html

Thanks for visit my website
Ubiquiti Networks, United Natural Foods, Ford Motor, Genuine Parts and Fiat Chrysler Automobiles highlighted as Zacks Bull and Bear of the Day
United Natural Foods Inc Price to Book Value:
Ubiquiti Networks (UBNT) STOCK UBNT STOCK
Pre-Market Technical Recap on Auto Makers Stocks -- Ford Motor, Tesla, Fiat Chrysler Automobiles, and General Motors
United Natural Foods Inc Beta (5Y)
United Natural Foods, Inc. (UNFI)
Genuine Parts Company (GPC)
Ubiquiti Networks, United Natural Foods, Ford Motor, Genuine Parts and Fiat Chrysler Automobiles highlighted as Zacks Bull and Bear of the Day
United Natural Foods, Inc. (UNFI)