Hidden gems in the stock market are quite the allure for many investors. Many analysts take a surface-level look at ratios and financial statement numbers and quickly declare that they have found a stock that the market “ignored “. They fail to dig deeper and truly analyze a company, its...
Fiat Chrysler Automobiles NV said Wednesday that the company resulting from its merger with France's Groupe PSA , makers of Peugeot, Citroen, Opel, and other European car brands, will be called Stellantis, hailing the naming as a "major step" toward completing the deal announced last year. The name, from the Latin verb stello, means to brighten with stars, the company said. "It draws inspiration from this new and ambitious alignment of storied automotive brands," the company said. The companies have said they expect the deal to close in the first quarter of 2021, subject to customary closing conditions, including shareholder and regulatory approvals.
U.K. car sales fell 89% in May compared to the prior year period, according to the Society of Motor Manufacturers & Traders. According to the SMMT, 20,247 cars were registered in the month, as "click and collect" services, allowed from mid-month, saw some movement in the market. Car dealerships were permitted to reopen on June 1. The Tesla Model 3 was the top selling vehicle with 852 sales, the second month in a row Tesla came on top. For the year, the Ford Fiesta is the top selling vehicle.
Palm Valley Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of 0.79% for the quarter, outperforming its benchmark, the S&P Small Cap 600 Index which returned -32.65% in the same quarter. You should check out Palm Valley Capital’s top 5 stock picks […]