Core Viewpoint - Wall Street anticipates a year-over-year decline in Goodyear's earnings due to lower revenues, with a focus on how actual results will compare to estimates impacting stock price [1][2]. Earnings Expectations - Goodyear is expected to report quarterly earnings of $0.15 per share, reflecting a year-over-year decrease of 59.5% [3]. - Revenue projections stand at $4.63 billion, indicating a decline of 3.9% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 24.84% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Goodyear currently holds a Zacks Rank of 5, complicating predictions for an earnings beat [12]. Historical Performance - In the last reported quarter, Goodyear was expected to earn $0.37 per share but instead reported a loss of -$0.17, resulting in a surprise of -145.95% [13]. - Over the past four quarters, Goodyear has beaten consensus EPS estimates twice [14]. Conclusion - Goodyear does not appear to be a strong candidate for an earnings beat, and investors should consider additional factors before making investment decisions [17].

Core Insights - Group sales for the first nine months of 2025 decreased by 4.4% year on year, amounting to €19.3 billion, primarily due to a challenging economic environment and increased competition in Q3 [3][4][36] Sales Performance - The overall tire market performance reflects a contraction in the Original Equipment segment in Europe and North America, while the Replacement segment was influenced by budget tire imports [2][5] - Segment sales for Automotive and Two-wheel reached €10.5 billion, down 2.5% from the previous year, with volumes declining by 2.9% [6][37] - Road Transportation segment sales fell by 8.1% to €4.5 billion, driven by a significant drop in Original Equipment markets [6][45] - Specialty businesses reported a decline of 5.0% in sales, totaling €4.3 billion, with volumes decreasing by 4.5% [6][49] Market Dynamics - In the Passenger Car & Light Truck tire market, Original Equipment demand rose by 2% globally, with a notable 9% increase in China, while Europe and North America saw declines of 6% and 3% respectively [8][9] - The Replacement tire market globally edged up by 1%, with Europe experiencing a 4% increase, largely due to low-cost tire imports [15][16] - Truck tire markets (excluding China) saw a 2% increase in the global Original Equipment and Replacement market, but North America faced a 20% decline [20][21][23] Financial Outlook - The Group adjusted its financial outlook for 2025 and 2026, with Segment Operating Income expected between €2.6 billion and €3.0 billion, down from previous expectations [4][36] - Free cash flow before M&A is anticipated to be between €1.5 billion and €1.8 billion, also revised down from earlier forecasts [36] Currency and Price Effects - A negative currency effect of 2.3% was noted, primarily due to the weaker US dollar against the euro [36] - The price-mix effect remained positive at +3.2%, although it softened in recent months amid increased competition [36][43] Specialty Tire Markets - Demand for specialty tires, particularly in the Mining and Aircraft segments, showed growth, while Agricultural and Construction tire markets continued to decline [28][30][51] - The Polymer Composite Solutions market exhibited mixed trends, with stable demand in some segments and declines in others [34][53] Non-Financial Performance - The Group is recognized for its commitment to environmental, social, and governance (ESG) performance, with a focus on sustainability initiatives [54]

Core Insights - Goodyear Tire & Rubber Company has launched three new all-terrain tires aimed at meeting the increasing demand for versatile performance across various terrains and vehicles, including SUVs, light trucks, work vans, and electric vehicles [1][5][6] Product Overview - The new lineup includes: - **Goodyear Wrangler Outbound AT**: Designed for adventure-ready SUVs and light trucks, featuring aggressive off-road traction and refined on-road comfort, with a tread life limited warranty of up to 65,000 miles (105,000 km) [2][7] - **Goodyear Wrangler Workhorse AT 2**: Targeted at hardworking professionals, this tire offers enhanced wet traction and a tread life limited warranty of 55,000 miles (90,000 km), along with the Three-Peak Mountain Snowflake (3PMSF) designation [3][7] - **Goodyear Wrangler ElectricDrive AT**: Specifically engineered for electric SUVs and pickup trucks, it combines rugged all-terrain capability with winter driving confidence, featuring SoundComfort® Technology to reduce interior noise and a tread life limited warranty of 50,000 miles (80,000 km) [4][8] Market Positioning - With the introduction of these products, Goodyear is reinforcing its position in key growth segments, addressing the evolving needs of drivers who prioritize reliability, adaptability, and performance from their tires [5][6] Company Background - Goodyear is one of the largest tire companies globally, employing approximately 68,000 people and operating 51 manufacturing facilities across 19 countries. The company focuses on innovation through its two Innovation Centers located in Akron, Ohio, and Colmar-Berg, Luxembourg [9]

Core Viewpoint - The article emphasizes the significant role of A-share listed companies in driving China's high-quality economic development through innovation, with substantial R&D investments and transformative achievements in various sectors [1][2]. Group 1: Innovation and R&D Investment - A-share listed companies have contributed over 1.88 trillion yuan in R&D, accounting for 51.96% of the national R&D expenditure, with a 48% increase in overall R&D investment since 2020 [2]. - The R&D intensity of A-share companies has risen to 2.61%, surpassing the average of EU countries, with notable contributions from companies like BYD and CATL [2]. - The emergence of innovative drugs, such as Zepzelca, showcases the global competitiveness of Chinese original research drugs, supported by significant R&D investments from companies like BeiGene [2][3]. Group 2: Technology and Industry Integration - Listed companies are pivotal in transforming scientific achievements into industrial applications, exemplified by advancements in tire technology and battery recycling [3]. - The integration of AI and digital technologies in manufacturing has led to significant efficiency improvements, with smart factories achieving notable reductions in production cycles and defect rates [5][6]. Group 3: High-end, Intelligent, and Green Transformation - Companies are focusing on high-end manufacturing to enhance brand value, as seen with LONGi Green Energy's advancements in solar technology [5]. - The shift towards intelligent manufacturing is evident, with significant investments in digital transformation across various industries, including agriculture and logistics [6][7]. - The green transformation is highlighted by the establishment of a comprehensive renewable energy industry chain, with A-share companies investing 1.3 trillion yuan in renewable projects [7]. Group 4: Global Expansion and Collaboration - A-share companies have significantly increased their overseas revenue, reaching 9.52 trillion yuan, marking a 56.58% growth since 2020 [8]. - The export of innovative products, particularly in pharmaceuticals, has seen substantial growth, indicating a shift towards higher value-added exports [9]. - Companies are adopting a collaborative approach in global markets, integrating local manufacturing and supply chain partnerships to enhance their international presence [10].

Core Viewpoint - The consumer discretionary sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1]. Group 1: Oversold Stocks - Goodyear Tire & Rubber Co (NASDAQ:GT) has an RSI of 20.4, with a stock price of $6.71, down 21% over the past month and a 52-week low of $6.51 [7]. - Ferrari NV (NYSE:RACE) has an RSI of 26.4, with a stock price of $382.19, gaining 0.9% recently, despite a 22% drop over the past five days [7]. - Carmax Inc (NYSE:KMX) has an RSI of 28.6, with a stock price of $44.00, down 27% over the past month and a 52-week low of $42.75 [7].

Core Viewpoint - Michelin has revised its 2025 outlook downward due to a tougher operating environment than previously anticipated, expecting segment operating income to be between €2.6 billion and €3 billion, down from a prior estimate of above €3.4 billion [1][3]. Group 1: Q3 Performance - In Q3, Michelin reported year-on-year volume growth outside North America, indicating its ability to expand across market segments despite ongoing volatility [2]. - However, North America experienced a significant decline, with sales volumes falling nearly 10% due to lower OEM demand in truck and agriculture sectors, sluggish truck replacement sales, and challenges in B2C demand [3]. Group 2: Financial Projections - Free cash flow before mergers and acquisitions is now projected to be between €1.5 billion and €1.8 billion, down from a previous estimate of more than €1.7 billion [3]. - For the first half of 2025, Michelin's sales totaled €13 billion, a decrease of 3.4% year-on-year, with tyre volumes declining by 6.1% due to weakness in original equipment markets [5]. Group 3: Market Conditions - Michelin noted that tariffs have negatively impacted competitiveness and margins, alongside a larger-than-expected depreciation of the US dollar, which has further pressured free cash flow [4]. - The company had previously indicated that tyre markets were expected to be stable in 2025 compared to 2024, amidst a highly uncertain economic environment [4].

Economic Policy and Market Sentiment - Philadelphia Fed President Anna Paulson supports two additional quarter-point rate cuts this year, emphasizing that current labor market conditions do not indicate sustained inflation despite tariff-driven price increases [1] - Investors remain optimistic, with a belief that retail investors are resilient and that the strategy of buying the dip continues to be effective [2] Stock Market Performance - Wall Street's main stock indexes ended positively, with notable gains from Tesla (+5%) and Alphabet (+3%), while Broadcom surged over +9% following a partnership with OpenAI [3] - Bloom Energy experienced a significant jump of over +26% after Brookfield Asset Management announced a $5 billion investment [3] - Fastenal was the top loser, declining over -7% after reporting weaker-than-expected Q3 EPS [3] Upcoming Events and Earnings Reports - Investors are awaiting a speech from Federal Reserve Chair Jerome Powell and earnings reports from major U.S. banks, including JPMorgan Chase, Wells Fargo, Goldman Sachs, and Citigroup [4][7][8] - The S&P 500 companies are projected to see an average earnings increase of +7.2% for Q3, marking the smallest rise in two years [7] International Trade and Relations - China imposed sanctions on U.S. units of Hanwha Ocean, raising concerns about a potential escalation in the U.S.-China trade war [5] - The U.S. rate futures indicate a 97.8% probability of a 25 basis point rate cut at the upcoming Fed meeting, reflecting market sentiment influenced by international trade tensions [6] Global Market Reactions - The Euro Stoxx 50 Index fell -0.59% amid renewed U.S.-China trade tensions, with mining and automobile stocks lagging [11] - Japan's Nikkei 225 Index experienced a significant drop due to political instability and trade tensions, marking its largest single-day decline since April [16] Pre-Market Movements - Chip stocks, including Micron Technology and Marvell Technology, are down in pre-market trading due to heightened trade tensions with China [18] - Cryptocurrency-exposed stocks are also declining, with Bitcoin prices down over -4% [19] - PotlatchDeltic's stock rose over +5% following a merger agreement with Rayonier valued at approximately $8.2 billion [20]

Core Viewpoint - Shares in French tyre maker Michelin fell over 9% following a significant reduction in its full-year profit outlook due to worsening market conditions and a notable decline in North America [1] Group 1: Company Performance - Michelin has sharply cut its full-year profit outlook, indicating challenges in the market [1] - The company cited deteriorating market conditions as a primary reason for the profit outlook adjustment [1] - A steep fall in North American sales has been highlighted as a critical factor affecting performance [1]

Group 1 - The French tire maker has cut its full-year outlook due to worsening market conditions [1] - The company cites the impact of U.S. tariffs as a significant factor affecting its performance [1] - There has been a sharp decline in sales in North America, contributing to the revised outlook [1]

Core Viewpoint - Michelin has adjusted its financial outlook for the 2025 fiscal year due to a deterioration in the business environment, particularly highlighted by the Q3 financial results [2][5]. Group 1: Q3 Financial Performance - Michelin experienced year-on-year volume growth in Q3, excluding North America, indicating resilience in various market segments despite a chaotic business context and uncertainties affecting B2C and B2B demand [3]. - The North American market saw a significant decline, with Q3 sales volume dropping nearly 10%, driven by reduced demand from OEMs in Truck and Agriculture sectors, a weak Truck replacement market, and challenges in B2C sales [4]. Group 2: Financial Outlook Adjustments - The full-year outlook for 2025 has been revised, with Segment Operating Income (SOI) at constant 2024 exchange rates now expected to be between €2.6 billion and €3.0 billion, down from a previous estimate of above €3.4 billion [7]. - Free Cash Flow (FCF) before M&A is now anticipated to be between €1.5 billion and €1.8 billion, revised from a prior expectation of above €1.7 billion [7].