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Will These 3 EV Stocks Drive Profits in 2024?

Electric Vehicles (EVs) are gaining popularity owing to their efficient performance, eco-friendly traits, and advanced technology. In light of this, can EV stocks Hyundai Motor (HYMTF), Toyota Motor (TM), and Electrameccanica Vehicles (SOLO) offer substantial returns this year? Let’s find out….

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3 Buy Worthy Auto Stocks Safeguarding Portfolios This Week

Strong consumer demand, easing inflation, and growing adoption of EVs are some of the factors boosting the auto industry’s prospects. Therefore, investors can consider investing in fundamentally strong auto stocks Bayerische Motoren Werke Aktiengesellschaft (BMWYY), Hyundai Motor (HYMTF), and Subaru (FUJHY). Read more….

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Should You Buy Hyundai Motor Company (HYMTF) or Lucid Group (LCID)?

Despite various macroeconomic headwinds, the automotive industry is primed for substantial growth in the near future due to the pent-up consumer demand, the growing popularity of EVs, and the adoption of advanced technology. So, let’s compare two prominent auto stocks, Hyundai Motor (HYMTF) and Lucid Group (LCID), to determine which…

StockNews.com

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4 Auto Stocks with the Highest Growth Potential

After remaining under pressure since last year, the auto industry is expected to rebound this year. To capitalize on this opportunity, one could consider buying auto stocks Hyundai Motor Company (HYMTF), Mazda Motor (MZDAY), Modine Manufacturing Company (MOD), and Hyster-Yale Materials Handling (HY), given their high-growth potential. Read more….

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3 Stocks to Buy Now to Position Yourself for a Profitable 2023

With encouraging economic data discouraging investors wary of progressive interest rate hikes, the market is unlikely to stabilize anytime soon. Therefore, loading up on fundamentally strong stocks AT&T (T), STMicroelectronics (STM), and KT Corporation (KT) could set investors up for a prosperous year ahead. Continue reading….

StockNews.com

The 3 Safest Stocks to Buy in the Market Now

Along with an interest rate hike of 50 bps at the FOMC meeting last week, the Fed officials signaled to continue raising rates through next year, with no expectations to cut rates until 2024. The Fed’s hawkish stance and rising recessionary fears have dampened investor sentiment lately. Given the backdrop,…

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3 Upgraded Stocks to Add to Your Watchlist This Week

Fed Chair Jerome Powell recently hinted at a rate-hike slowdown but cautioned that the fight against inflation is far from over. Furthermore, some market experts predict the economy will enter a recession next year. Amid an uncertain economic backdrop, it could be worth watching fundamentally strong stocks Deere (DE), KT…

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3 Upgraded Stocks to Check out This Week

Equities have jumped recently on hopes that the Fed will soon begin to slow its rate hikes as inflation shows signs of easing. However, the year-end market rally is expected to meet the recession reality in 2023. Amid an uncertain market outlook, investors should consider buying fundamentally strong stocks Cisco…

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The 3 Best Stocks to Buy for a Starter Portfolio

As the most recent data shows signs of inflation cooling, most Fed officials anticipate a slowdown in interest rate hikes. Since the market may witness a rebound, it could be the right time to consider investing in fundamentally strong stocks CSX Corporation (CSX), Albertsons (ACI), and KT Corporation (KT) for…

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3 Stocks That Could Give Investors Deep Value Over Time

With compressed margins evident in the latest earnings reports and an easing of the Fed’s hawkish stance nowhere in sight, the stock market is unlikely to stabilize anytime soon. However, this might be the right opportunity to load up on fundamentally strong stocks Stellantis (STLA), Albertsons (ACI), and KT Corporation…

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Hyundai Motor America Registers 12.9% Sales Decline In June

Hyundai Motor Co. Ltd (OTC:HYMTF) reported a 12.9% Y/Y decrease in U.S. sales to 63,091 units during the month of June. June U.S. retail sales declined 5.5%. June was the highest sales month in 2022. "Hyundai's Q2 retail sales continue to highlight a terrific product mix, and consumer demand for our SUV lineup…

Benzinga

Hyundai, Affiliates Plan To Set Up New Company In US: Reuters

Hyundai Motor Co (OTC:HYMTF) is planning to launch a company along with its two affiliates in the U.S., Reuters reported. Through the move, the company plans to strengthen its presence in the U.S. by exploring business opportunities. In May, Hyundai said it would invest more than $10 billion in the U.S. by…

Benzinga

Hyundai Reveals 2023 Palisade Pricing

Hyundai Motor Co (OTC:HYMTF) has released pricing for the new 2023 Palisade SUV, including its new XRT model. The 2023 Palisade has an upscale interior, advanced technologies, new convenience features, and safety content. Palisade will also offer a new, dark-themed, rugged XRT model to complement the existing Santa Fe and Tucson XRT models…

Benzinga

Read How Hyundai Motor America Performed In May

Hyundai Motor Co's (OTC:HYMTF) Hyundai Motor America reported sales of 59,432 units for the month of May, a 34% decrease year-over-year. The automaker had no fleet sales in May 2022. The company has sold 280,776 units year-to-date, a 16% decline Y/Y. Randy Parker, SVP, national sales, Hyundai Motor America, said, "We expect demand…

Benzinga

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Hyundai To Recall 281,000 Vehicles Over Exploding Seat-Belt Part: Reuters

Hyundai Motor Co (OTC:HYMTF) will recall 281,000 vehicles in North America over fears of seat-belt pretensioners exploding, Reuters reported. The report noted that there were three injury reports caused by the explosion of seat-belt pretensioners, projecting the metal fragments. The recall will include some 2019-2022 Accent, 2021-2023 Elantra, and 2021-2022 Elantra hybrid vehicles. …

Benzinga

Georgia To Announce $7B Hyundai EV Investment: Reuters

Georgia Governer Brian Kemp is set to announce a $7 billion investment by Hyundai Motor Company (OTC:HYMTF) on Friday, Reuters reported. The announcement is expected to coincide with U.S. President Joe Biden’s visit to Seoul. The auto giant is planning to build a plant in Georgia to produce electric vehicles (EVs). The report cited Atlanta…

Benzinga

Hyundai To Invest $16B For EV Expansion In South Korea: Reuters

Hyundai Motor Company (OTC:HYMTF) is planning to invest a total of 21 trillion won ($16.54 billion) through 2030 for the expansion of its electric vehicle (EV) business in South Korea, Reuters reported. The South Korean auto giant is expecting to produce 1.44 million units of EVs in South Korea by 2030. The proposed…

Benzinga

Hyundai Clocks 20% US Retail Sales Decline In April

Hyundai Motor Company (OTC:HYMTF) said its U.S. retail sales for the month of April declined 20% year-over-year. The auto major sold 61,668 units in April in the U.S. versus 77,523 units sold last year. Electrified vehicle retail sales increased 68% Y/Y in April. The company's year-to-date retail sales in the U.S. fell 10%…

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Benzinga

Hyundai Motor Launches NFT Collection 'Shooting Star'

Hyundai Motor Co Ltd (OTC:HYMTF) is set to offer its first exclusive Metamobility Non-Fungible Token (NFT) collection, Shooting Star. The company will drop 10,000 Ethereum-based Metamobility NFTs on its official website on May 9-10. The launch will apply the Reveal method by showing a placeholder image first, then revealing the actual Shooting Star NFT…

StockNews.com

Advent Technologies: Should You Buy This Renewable Energy Stock?

Renewable energy company Advent Technologies (ADN) recently signed an agreement with automotive giant Hyundai Motor (HYMTF) which should prove beneficial. However, the stock has plummeted 65% this year. Also, considering its weak bottom line, will the stock be able to gain forward momentum soon? Read on to find out.

Benzinga

Hyundai To Start EV Production In US: Reuters

Hyundai Motor Co (OTC:HYMTF) plans to start electric vehicles production in its Montgomery assembly line in the U.S., Reuters reported. The auto major will invest $300 million to build the Electrified Genesis GV 70 and a hybrid version of the Santa Fe at its U.S. manufacturing center. The report noted this marks the…

Benzinga

Hyundai Motor America Registers 1.4% Retail Sales Growth In Q1

Hyundai Motor Co's (OTC:HYMTF) Hyundai Motor America reported a 1.4% increase year-over-year in Q1 FY22 retail sales. Total Q1 sales declined 4%. The company reported Q1 retail sales of 159,676 units versus 157,470 units last year. Electrified vehicle retail sales increased 241% Y/Y. Hyundai's March 2022 sales fell 21% Y/Y to 59,380 units.…

Benzinga

Hyundai Motor America Posts 10% Jump In January Sales

Hyundai Motor Co (OTC:HYMTF) said its U.S. sales for January increased 10% year-on-year to 47,872 units. Sales of Hyundai Tucson and Venue jumped 64% and 70% respectively to 13,085 units and 2,290 units. "High levels of consumer interest across our product lineup resulted in record-breaking January sales even as we continue to navigate…

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