For Immediate Release
Chicago, IL – October 02, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Tesla, Inc. (Nasdaq:(TSLA - Free Report) – Free Report), Toyota Motor Corporation (NYSE:(TM - Free Report) – Free Report), Allison Holdings, Inc. (NYSE:(ALSN - Free Report) – Free Report) and Volkswagen AG (OTCMKTS:(VLKAY - Free Report) – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Friday’s Analyst Blog:
Tesla (TSLA - Free Report) Moves a Step Closer to Production in China
China, the world’s largest market for autonomous vehicles, is mulling over relaxing rules pertaining to the requirement of tying up with a local company, for manufacturing vehicles in the mainland, per a Wall Street Journal news report. This may come in handy for Tesla, Inc. (Nasdaq:(TSLA - Free Report) – Free Report) for ramping up production in China.
According to a draft proposal, China is preparing plans to allow foreign companies to manufacture electric vehicles in free-trade zones even without having a Chinese local partner. However, vehicles sold in the country will be subject to import tariffs.
Although electric cars occupy a small part of the global automobile market, Tesla has acquired a significant market share within this niche segment. Automotive revenues increased 93% year over year in second-quarter 2017, due to a 53% rise in total vehicle deliveries. The company is witnessing growing sales on the back of the strong performance and impressive design of its products.
In fact, Tesla has long been considering expansion into China. However, it was having problems in finding a local partner. This relaxation may prove to be of huge significance for the pioneer in electric vehicles.
Some important companies in the auto space include Toyota Motor Corporation (NYSE:(TM - Free Report) – Free Report), Allison Holdings, Inc. (NYSE:(ALSN - Free Report) – Free Report) and Volkswagen AG (OTCMKTS:(VLKAY - Free Report) – Free Report).
Toyota has a long-term growth rate expectation of 7%.
Allison Holdings has an expected long-term earnings growth rate of 10%
Volkswagen has an expected long-term earnings growth rate of 8.9%.
Will You Make a Fortune on the Shift to Electric Cars?
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
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