General Motors (NYSE:GM) is shaking up the portfolios of two of its top executives — and the moves hint that a spinoff of its self-driving business might be in the works.
GM president Dan Ammann is handing off responsibility for global product planning and the Cadillac brand to Mark Reuss, GM’s global product-development and purchasing chief. The moves will allow Ammann to spend more time focused on subsidiary GM Cruise, which is developing a self-driving taxi service.
The changes are effective immediately, GM said in an internal announcement on Wednesday.
It’s possible this is nothing more than a routine shuffling of responsibilities between senior executives. It may also be intended to shift the overhaul of Cadillac, which has stalled somewhat, into higher gear.
It’s also very possible that the shift is a move toward something bigger: A full or partial spinoff of GM Cruise from the “legacy” automaking company.
GM president Dan Amman, right, with Cruise Automation co-founders Daniel Kan and Kyle Vogt in 2016. Ammann led GM’s effort to acquire Cruise and has overseen its growth since. Image source: General Motors.
Top 5 High Tech Stocks To Own For 2019: Rent-A-Center Inc.(RCII)
Advisors’ Opinion:
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Rent-A-Center (RCII)
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- [By Shane Hupp]
Shares of Rent-A-Center Inc (NASDAQ:RCII) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $8.75.
- [By ]
Engaged Capital maintained large positions in Rent-A-Center (RCII) , TiVo (TIVO) , Hain Celestial (HAIN) , SunOpta and Jamba Inc. (JMBA) , all companies that have either previously been targeted by Welling or currently are in his cross-hairs.
- [By Shane Hupp]
Rent-A-Center Inc (NASDAQ:RCII) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 21,844,410 shares, a drop of 21.9% from the May 31st total of 27,979,079 shares. Based on an average daily volume of 5,032,779 shares, the short-interest ratio is presently 4.3 days. Currently, 45.0% of the shares of the stock are short sold.
Top 5 High Tech Stocks To Own For 2019: Orion Marine Group Inc(ORN)
Advisors’ Opinion:
- [By Max Byerly]
Jacobs Engineering Group (NYSE: JEC) and Orion Group (NYSE:ORN) are both construction companies, but which is the superior stock? We will contrast the two businesses based on the strength of their dividends, risk, institutional ownership, earnings, profitability, valuation and analyst recommendations.
- [By Max Byerly]
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- [By Stephan Byrd]
Get a free copy of the Zacks research report on Orion Group (ORN)
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- [By Max Byerly]
Get a free copy of the Zacks research report on Orion Group (ORN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Orion Group (ORN)
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- [By Stephan Byrd]
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
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Analysts Anticipate Orion Group Holdings Inc (ORN) Will Announce Quarterly Sales of $165.45 Million (americanbankingnews.com) Factors Setting the Tone for Dycom (DY) in Q2 Earnings (finance.yahoo.com) Analysts Expect Orion Group Holdings Inc (ORN) Will Announce Earnings of $0.02 Per Share (americanbankingnews.com) Who Are The Major Shareholders Of Orion Investment SA (WSE:ORN)? (finance.yahoo.com) Arnold Van Den Berg Trims Enstar Group, Exits Orion Group (finance.yahoo.com)
ORN has been the topic of a number of research analyst reports. Zacks Investment Research lowered Orion Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. ValuEngine upgraded Orion Group from a “sell” rating to a “hold” rating in a report on Saturday, May 26th. Canaccord Genuity restated a “buy” rating and issued a $10.00 price objective on shares of Orion Group in a report on Thursday, August 2nd. Noble Financial set a $10.00 price objective on Orion Group and gave the company a “buy” rating in a report on Friday, August 3rd. Finally, B. Riley raised their price objective on Orion Group from $10.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $10.13.
Top 5 High Tech Stocks To Own For 2019: MRC Global Inc.(MRC)
Advisors’ Opinion:
- [By Max Byerly]
Get a free copy of the Zacks research report on MRC Global (MRC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Motley Fool Transcribers]
MRC Global Inc (NYSE:MRC)Q4 2018 Earnings Conference CallFeb. 15, 2019, 10:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Joseph Griffin]
MRC Global Inc (NYSE:MRC) SVP John L. Bowhay sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $17.13, for a total transaction of $256,950.00. Following the transaction, the senior vice president now owns 70,854 shares of the company’s stock, valued at approximately $1,213,729.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Top 5 High Tech Stocks To Own For 2019: Hanesbrands Inc.(HBI)
Advisors’ Opinion:
- [By Logan Wallace]
Teza Capital Management LLC acquired a new stake in Hanesbrands Inc. (NYSE:HBI) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 93,861 shares of the textile maker’s stock, valued at approximately $1,729,000.
- [By Timothy Green]
Target has already made one fairly bold move, ending a successful partnership with Hanesbrands (NYSE:HBI). For more than a decade, Target has been selling exclusive C9 by Champion athletic wear. The retailer will stop carrying that brand when the contract ends at the beginning of 2020. Most likely, Target will replace those products with new private-label athletic wear.
- [By Timothy Green, Travis Hoium, and Maxx Chatsko]
No matter your investing style, stocks that no one is paying attention to are often the best deals. Unpopular or lightly followed dividend stocks can become depressed in price, pushing up the yields and creating bargains for eagle-eyed investors. Three of our Motley Fool contributors think Vodafone (NASDAQ:VOD), Hanesbrands (NYSE:HBI), and Kronos Worldwide (NYSE:KRO) aren’t getting the attention they deserve. Here’s why these dividend stocks would make a great addition to your portfolio.
- [By Max Byerly]
B. Riley set a $30.00 price target on Hanesbrands (NYSE:HBI) in a report issued on Monday. The brokerage currently has a buy rating on the textile maker’s stock.
- [By Keith Noonan, George Budwell, and Maxx Chatsko]
Instead of having unquestioned devotion to earnings multiples and yields, dividend investors will typically be best served by seeking out businesses that are also poised for the types of continued success that will allow payouts to keep flowing and growing. Within that mold, three Motley Fool contributors have identified Brookfield Renewable Partners LP (NYSE: BEP), AstraZeneca PLC (NYSE: AZN), and Hanesbrands (NYSE: HBI) as stocks with big yields that also trade at substantial discounts relative to their long-term earnings potential. Read on to find out why.
Top 5 High Tech Stocks To Own For 2019: OpenTable Inc.(OPEN)
Advisors’ Opinion:
- [By Max Byerly]
Open Platform (CURRENCY:OPEN) traded flat against the dollar during the 24 hour period ending at 22:00 PM Eastern on February 18th. During the last week, Open Platform has traded flat against the dollar. Open Platform has a market capitalization of $1.17 million and approximately $0.00 worth of Open Platform was traded on exchanges in the last 24 hours. One Open Platform token can now be bought for $0.0027 or 0.00000066 BTC on major exchanges including Gate.io and Kucoin.
- [By Ethan Ryder]
Open Platform (CURRENCY:OPEN) traded 2.5% higher against the US dollar during the one day period ending at 20:00 PM Eastern on June 30th. Open Platform has a total market cap of $0.00 and $189,463.00 worth of Open Platform was traded on exchanges in the last day. One Open Platform token can now be bought for approximately $0.0789 or 0.00001235 BTC on popular cryptocurrency exchanges. During the last seven days, Open Platform has traded down 28.6% against the US dollar.
- [By Max Byerly]
Open Platform (CURRENCY:OPEN) traded down 8.2% against the dollar during the 24 hour period ending at 9:00 AM ET on June 25th. Open Platform has a total market capitalization of $0.00 and $1.10 million worth of Open Platform was traded on exchanges in the last 24 hours. Over the last week, Open Platform has traded 33.4% lower against the dollar. One Open Platform token can currently be purchased for approximately $0.0923 or 0.00001514 BTC on popular exchanges.