FUZHOU, China, Sept. 24, 2024 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company providing customers with integrated logistics solutions, today announced the renewal of its logistics services contract (the "Contract") with BYD Co. Ltd., China-based company principally engaged in the manufacture and sales of transportation equipment, including electric vehicles (EVs), battery technologies, and renewable energy ("BYD"). Since January 2023, ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth S ...

Byd Co., Ltd. (BYDDY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Indivi ...

For Immediate Releases Chicago, IL – September 16, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Blue Bird Corp (BLBD) , BYD Co. Ltd. (BYDDY) and Dorman Products (DORM) . Here are highlights from Monday's Analyst Blog: Brokers Bullish on These 3 Auto Stocks: Still Time to Buy? Wall Street is optimistic about a ...

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The Zacks Automotive – Foreign industry is grappling with mixed signals from key markets. In China, despite a rise in vehicle sales and a surge in new energy vehicle (NEV) demand, concerns over economic headwinds and international tariffs loom large. Europe's BEV market faces a downturn, marked by declining sales and economic uncertainty, with major players like Volkswagen (VWAGY) considering plant closures. Meanwhile, Japan's market is also struggling with sluggish auto sales. While near-term prospects of ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy with the hel ...

For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Byd Co., Ltd. (BYDDY) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question. Byd Co., Ltd. is a member of the Auto-Tires-Trucks sector. This group includes 107 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector ...

BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC watch now Aito, which uses Huawei technology, said it delivered 31,216 cars last month, down by more than 10,000 vehicles from the prior month. Huawei is selling the Aito trademark and patents to automaker Seres for 2.5 billion yuan ($352.5 million). Lower-priced cars hitting the market Undercutting Tesla and going global Zeekr on Friday said it ...

Robert Way Investment Thesis We remain cautious on BYD, despite its continued growth in topline and bottom line in 2Q and its resilient margin. This is because industry conditions have further deteriorated recently, with total auto sales declining yoy for two consecutive months. The above-industry growth of EVs won't sustain for long, as EV penetration surpassed 50% in July. BYD's high valuation of 21x 2024 PE has already priced in its industry leadership, and may face downward pressure once EV sales begin ...