In the last few months, Ford (F), the second-largest US automaker, stock has traded on a mixed note. In February and March, the stock fell 0.3% and rose 0.1%, respectively, after gaining 15% in January. Ford stock posted its best first-quarter performance since 2012.
Best first-quarter performance since 2012
In the first quarter, Ford stock rose 14.8% compared to 13.1% gains seen in the S&P 500 Index. Other mainstream automakers (XLY) including General Motors (GM), Fiat Chrysler Automobiles (FCAU), Toyota (TM), and Honda (HMC) ended the first quarter with 10.9%, 2.7%, 1.7%, and 2.7% gains, respectively.
In contrast, Tesla (TSLA) and NIO (NIO) fell ~15.9% and 19.9%, respectively, in the first quarter.
Despite uncertainties about the outcome of ongoing US-China trade negotiations, better-than-expected 2018 US auto sales helped US auto companies outperform the broader market and post solid gains in January.
However, the auto industry’s (DVY) weak 2019 sales and earnings outlook hurt investors’ sentiments later during the quarter, which could be the main reason why some stocks were mixed in February and March.
While the first quarter was Ford’s best quarter in seven years, it was the best quarter in two decades for the S&P 500 Index.
Square has teamed up with the Washington Nationals to let fans at baseball games order food and drinks from the comfort of their seats.
Yum! Brands (YUM) is set to report its first-quarter earnings before the market opens on May 1.
Merchant power player NRG Energy (NRG) is slated to report its first-quarter earnings on May 2. According to consensus estimates, NRG will report earnings of $0.56 per share for the quarter, which ended on March 31.
Fortinet (FTNT) is scheduled to announce its first-quarter results on May 2.
AK Steel (AKS) is scheduled to release its first-quarter earnings on April 29 after the markets close. The company is to hold its earnings call on April 30.
Apple (AAPL) is scheduled to release its second quarter of fiscal 2019 results on April 30 after markets close.
Clorox (CLX) stock was trading flat on a year-to-date basis as of April 24, and it has underperformed the broader markets as well as its peers.