Market Overview - The market in 2025 is characterized by uncertainty driven by tariffs, interest rates, and inflation, presenting opportunities for investors with cash on the sidelines [1] - Analysts have adjusted their expectations post-earnings season, with some upgrading stocks they previously viewed as bearish, often leading to higher price targets [1][2] Advance Auto Parts (AAP) - Advance Auto Parts has a 12-month stock price forecast of $46.01, indicating an 11.88% downside from the current price of $52.21 [3] - Analysts are beginning to view AAP more favorably, with Redburn Partners upgrading the stock from Sell to Neutral and raising the price target from $28 to $45 due to strengthening fundamentals [4] - AAP is seen as a potential asymmetric play for investors, especially as competitors like AutoZone and O'Reilly are trading at historically high valuations [5] BioLineRx (BLRX) - BioLineRx has a 12-month stock price forecast of $26.00, suggesting a significant upside of 362.63% from the current price of $5.62 [6][7] - The stock was recently upgraded from Hold to Strong Buy by Jones Trading, driven by the completion of the transfer of U.S. commercial rights for its drug APHEXDA, allowing the company to focus on its oncology pipeline [8] - BioLineRx's equity stake in the partnership with Ayrmid Bio reduces cash burn risks while enabling milestone payments and royalties [9] Anheuser-Busch InBev (BUD) - Anheuser-Busch InBev has a 12-month stock price forecast of $71.50, indicating a slight upside of 0.68% from the current price of $71.02 [10] - Despite pressures from inflation and changing consumer habits, BUD's strong brand portfolio and growth in non-alcoholic beer categories are helping to boost sales [12] - Following a recent earnings report, BNP Paribas upgraded BUD from Hold to Strong Buy, highlighting the company's ability to beat earnings per share estimates despite a slight revenue miss [13]

Group 1 - American Axle & Manufacturing Holdings, Inc. (AAM) will participate in the Deutsche Bank 2025 Global Auto Industry Conference on June 11, 2025 [1] - AAM's fireside chat presentation is scheduled to be webcast at 1:25 p.m. ET, with a replay available after the event [1] - AAM is a leading global Tier 1 Automotive and Mobility Supplier, focusing on Driveline and Metal Forming technologies for electric, hybrid, and internal combustion vehicles [2] Group 2 - AAM is headquartered in Detroit, MI, and operates over 75 facilities across 16 countries [2] - The company aims to accelerate the future of automotive technology for a safer and more sustainable tomorrow [2]

Thor Industries, Inc. (THO) reported earnings of $2.53 per share for the third quarter of fiscal 2025 (ended April 30), beating the Zacks Consensus Estimate of earnings of $1.79. The company reported earnings of $2.13 per share in the corresponding quarter of fiscal 2024.Thor registered revenues of $2.89 billion for the fiscal third quarter, beating the Zacks Consensus Estimate of $2.61 billion. The top line climbed 3.2% year over year.Segmental ResultsNorth American Towable RVs: Revenues from the segment c ...

Group 1 - Molson Coors Beverage, PepsiCo, and Genuine Parts will trade ex-dividend on 6/6/25, with respective dividends of $0.47, $1.4225, and $1.03 [1] - The estimated annualized yields for these companies are 3.56% for Molson Coors Beverage, 4.32% for PepsiCo, and 3.23% for Genuine Parts [4] - Following the ex-dividend date, Molson Coors Beverage shares are expected to open 0.89% lower, PepsiCo 1.08% lower, and Genuine Parts 0.81% lower [2] Group 2 - Historical dividend data can provide insights into the stability of future dividends, which is crucial for assessing potential annual yields [4] - In recent trading, Molson Coors Beverage shares decreased by about 0.2%, PepsiCo shares increased by about 0.7%, and Genuine Parts shares decreased by about 0.4% [5]

Group 1 - Aptiv (NYSE: APTV) is a component and software supplier primarily for auto OEMs [1] - In January 2025, Aptiv announced plans to spin off its more mature electronic distribution system (EDS) business while retaining its higher-growth user experience and engineered components segments [1] - The expected closing date for the spin-off has not been specified [1] Group 2 - Building Benjamins is a free stock picking and market commentary investment newsletter published by Tradition Investment Management, LLC [1] - Benjamin Halliburton, the founder of Building Benjamins, has a long history in investment management, having started his career at Merrill Lynch in 1986 and earning an MBA from Duke's Fuqua School of Business in 1990 [1] - Halliburton has received accolades such as "PSN Manager of the Decade" for All-Cap in the 2000s and for Dividend Value in the 2010s [1]

An analyst upgrade was the foot on Advance Auto Parts (AAP 4.57%) stock's gas pedal on Tuesday. The company's shares motored nearly 5% higher in price as a result, speeding well past the benchmark S&P 500 index's 0.6% increase.A new neutralThe pundit behind the change was Sam Hudson of U.K.-based Redburn Atlantic. He shifted his recommendation to neutral from his previous sell and lifted his Advance price target. This is now $45 per share, well up from Hudson's previous fair value estimation of $28. Accordi ...

MAUMEE, Ohio, June 2, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the UBS Auto and Auto Tech Conference on June 4.  Beginning at 11:20 a.m. EDT, Dana's Chairman and Chief Executive Officer R. Bruce McDonald and Senior Vice President and Chief Financial Officer Timothy Kraus will host a fireside chat for approximately 40 minutes.Information on accessing the webcast will be posted to Dana's Investor website, www.dana.com/investors, before the event.About Dana Inco ...

企业高质量发展的背后，离不开税收政策的有力支持。而要让好政策落地，让纳税人缴费人真真切切地享受到政策红利，则离不开税务部门的创新服务。 2024年，全省落实支持科技创新和制造业发展减税降费及退税3185亿元，约占全国八分之一;落实外商投资企业利润再投资优惠政策吸引再投资354亿元， 成效连续7年保持全国第一；通过"银税互动"帮助50.6万户企业获得信用贷款3419.4亿元……江苏税务部门持续扎实推进税收营商环境建设。 近日，"'赢'在江苏——寻找2025优化营商环境新实践"全媒体采访团走进国家税务总局江苏省税务局，采访多家受惠企业，探寻我省税务部门以创新服务 优化营商环境的最新成果。 税费政策精准推送，确保科技企业享受红利 从"人找政策"转变为"政策找人"，持续深化税费政策精准推送机制，江苏税务部门的服务让我省科技企业及时享受到国家税费政策红利。 【工作亮点】 "让税费政策更直达、更快享，江苏税务运用税收大数据，主动甄别、精准定位符合享受优惠政策条件的企业，向其推送涵盖税费政策、操作指引、服务 渠道等内容的个性化政策'大礼包'。"江苏省税务局纳税服务处夏建军介绍，江苏税务还建立了"未诉先办、接诉快办、遇诉好办 ...

Company Insights - Fastenal has completed a 2-for-1 forward stock split, marking its ninth split since its IPO in August 1987, with shares declining from approximately $82 to $41 post-split [9][10] - Fastenal's stock has appreciated nearly 210,000% since its IPO, driven by its integration into customer supply chains and its ability to navigate economic cycles [10][11] - O'Reilly Automotive announced a 15-for-1 forward stock split, reducing its share price from over $1,370 to around $92, making it the largest split by magnitude in 2025 [16][17] - O'Reilly's distribution model, with 31 distribution centers and nearly 400 hub stores, allows for efficient delivery of over 153,000 stock keeping units [20] - O'Reilly has executed a significant share-repurchase program, spending over $25.9 billion to buy back 59.4% of its outstanding shares since 2011, enhancing its earnings per share [21] Industry Trends - The aging of vehicles in the U.S. has reached an all-time high of 12.8 years, encouraging consumers to retain their vehicles longer, which benefits auto parts suppliers [18] - Rising auto loan interest rates, now between 7% and 8%, incentivize vehicle owners to keep their cars longer, positively impacting demand for auto parts [19] - The stock split trend has attracted investor interest, particularly in companies like Fastenal and O'Reilly, which are perceived as growth-oriented and innovative [2][6]

Japan Equity Research May 26, 2025 Auto/Auto Parts/Tire Sector Head of Japan Equity Research Japan: Auto / Auto Parts / Tires Akira Kishimoto AC 813-6736-8646 akira.x.kishimoto@jpmorgan.com JPMorgan Securities Japan Co., Ltd. See the end pages of this presentation for analyst certification and important disclosures, including non-US analyst disclosures. J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a co ...