Ford Fights Faulty Fires, Kohl’s As Ice, GOOS On The Loose

Mild My EVs In A Daze

By no means go away … your EVs buuuurnin’. Ford inventory is broad — but it surely’s a-hurtin’.

All I need … is so that you can make electrical automobiles that don’t spontaneously combust. Is that so arduous?

Wait, when did the Stones discuss electrical automobiles?

Hmm, should’ve been a B-side…

In case you couldn’t inform, Ford (NYSE: F) simply determined that it was excessive time for an additional episode of EV Days — the battery-powered electrical car (EV) cleaning soap opera that has Wall Avenue and Nice Ones alike totally obsessed.

The nonstop drama as EVs take off (or fail) … the tit-for-tat competitors between Tesla (Nasdaq: TSLA) and, nicely, everybody that isn’t Tesla … what’s to not love?

In as we speak’s episode of EV Days, Ford finds itself in acquainted territory: a spot we name … Recall Land.

Dun, dun, dun!

Thanks, I assumed I used to be gonna have to offer the dramatic music myself. First up, Ford is recalling 464 Mustang Mach-Es as a result of a software program challenge that “may cause unintended acceleration, deceleration or a lack of drive energy.”

Pretty. Mustangs randomly accelerating or decelerating? Is that … completely different from what Mustang drivers often do?

Boo, Nice Stuff. Now you’ve insulted all my Mustang bros right here at Applebee’s.

Oh, but it surely’s extra than simply this “little” software program hiccup that’s going fallacious underneath Ford’s hood as we speak.

About 310,000 heavy-duty vehicles from Ford’s non-EV lineup had been recalled as a result of — get this — mud would possibly get trapped within the air bag wiring, probably stopping the air baggage from inflating in a crash. However … that’s nonetheless not all.

The Massive F’s final recall is for 39,000 2021 Expeditions and Lincoln Navigators … as a result of the engines can catch fireplace. Sure — even when the automobile’s turned off and never operating.

Don’t fear, although: Whereas Ford has no thought what’s inflicting the fires … it has a plan of motion. Parking outdoors. It’s not an incredible plan, but it surely is a plan. Can’t burn down your storage in case your automobile is burning in the midst of the road, eh?

If all this sounds acquainted, you would possibly keep in mind Basic Motors (NYSE: GM) going through the identical burning predicament over its Chevy Bolts. The answer again then? Park outdoors. Man, Ford should’ve been wanting again at GM’s playbook for every little thing.

Cling on a second … solely a kind of remembers was an EV downside! The place’s the remainder of EV Days?

Glad you requested! Whereas Ford finds its footing amid the fiery fretting, Lucid Group (Nasdaq: LCID) is bringing its EV lucidity to Saudi Arabia.

No, that’s not a typo. Lucid’s first abroad manufacturing plant will likely be in Saudi Arabia and can pump out 155,000 luxurious EVs yearly.

Particularly focusing on native EV patrons at first, the brand new Lucid facility will likely be up and operating by the center of the last decade — a lot before the corporate’s earlier estimate of 2030.

CEO Peter Rawlinson chimes in:

This expertise is good for this a part of the world. As a result of keep in mind, when the oil runs out, the solar will preserve shining.

Stranger issues have occurred (simply ask Ford homeowners).

In line with Saudi Arabia’s funding minister, the nation is ripe for EV manufacturing, with different producers and battery makers “in superior discussions” to maneuver operations to the … ummm … once-oil fields. Yeah, we’ll go along with that.

Ah, a complete day’s EV information, and never an Elon Musk in sight.

Oh certainly. And you realize what’s a good sweeter deal? Higher. EV. Batteries.

For EVs, the tipping level — affordability — might lastly be arriving, due to a brand-new battery expertise.

As quickly as they change into reasonably priced, demand will increase, and gross sales soar. Now … this beautiful new expertise is about to chop the price of EV batteries IN HALF. Which means by subsequent yr, an EV is predicted to price the identical as a gas-powered automobile.

To find the corporate behind this new expertise, click on right here now.

Retail’s Tough Journey Continues

It’s getting arduous to maintain rely of all of the completely different suitors that’ve knocked on Kohl’s’ (NYSE: KSS) door this yr. However after months of rejected buyout provides and back-and-forth negotiations, it feels like Kohl’s might lastly be warming as much as the thought of a sale.

Why now, you ask? Nicely, up till this level, Kohl’s has been clinging to the concept that a revival of its retail model is almost in sight … in case you actually squint.

However after wanting by way of its newest earnings report, it’s clear that rumors of Kohl’s’ resurrection have been significantly exaggerated.

For the quarter, the strip-mall “superstore” made a mere $0.11 per share on falling same-store gross sales — nicely beneath Wall Avenue’s $0.70 per share estimate. Kohl’s additionally lower its forward-looking steering, citing powerful market situations.

With the second half of the yr wanting rockier than the primary, the retailer is now apparently speaking to all these “ events” it beforehand didn’t give the time of day.

We now have formally communicated the precise procedures for the submission of actionable bids due within the coming weeks. We proceed with our detailed diligence part and are happy with the variety of events who acknowledge the worth of our enterprise and plan. — CEO Michelle Gass

Factor is, the worth of Kohl’s’ enterprise is quickly deteriorating with every new quarter. And if it’s not cautious … it might be left holding the bag of a failing enterprise no one needs to the touch, not to mention spend billions of {dollars} on.

In different phrases, I absolutely anticipate to see a sale right here quickly.

A Goose Of A Totally different Feather

Consider it or not, some luxurious manufacturers’ companies are nonetheless booming regardless of file inflation. Take Canada Goose (NYSE: GOOS), the maker of maximum climate outerwear that’s offered at much more excessive costs.

I imply, we’re speaking $750 for a “primary” coat and $1,500 for a kind of higher-end parkas… At that worth level, simply let me freeze and be carried out with it.

Whereas I may not be Canada Goose’s target market, somebody out there may be clearly keen to spend beaucoup bucks on the corporate’s tundra-ready tunics.

The retailer reported an surprising revenue of 4 Canadian cents per share this quarter, giving the corporate renewed confidence it could possibly ship better-than-expected full-year earnings. Bit untimely in case you ask me … however then once more, nobody requested me.

Both approach, buyers responded positively to Canada Goose’s positivity and despatched GOOS inventory rallying 10% as we speak. I suppose patrons of a feather flock collectively … or one thing like that.

And Now For One thing I’d Really Spend My Cash On

Ian King has a stunning reply for all of the individuals who’ve written into him asking if now’s the time to begin shopping for Bitcoin: You’ve already missed out.

That’s proper. Bitcoin minted 100,000 millionaires in its heyday … however in case you’re not one among them, that ship has already sailed.

However there’s one other millionaire-minting crypto at our doorstep: the “Subsequent Gen Coin.”

In line with Ian’s analysis, this coin will likely be 20X greater than bitcoin. And it might create as many as 2 million new millionaires.

For Ian’s full breakdown of this Subsequent Gen Coin, click on right here for his unique interview.

Candles In The Wind

I don’t learn about you, however at any time when I’m on the mall shopping for thousand-dollar winter coats as a substitute of paying my month-to-month payments (ha), I prefer to cease by Tub & Physique Works (NYSE: BBWI) to see what I can spend my remaining life financial savings on … erm, I imply what new candle scents they’ve come out with for the month.

Winter Wonderland, you say? Smells an terrible lot like a rebranding of Paradise Cove … however I’ll chew.

Will you get to the purpose already? I’ve received a rump roast that’s not gonna cook dinner itself.

That’s oddly particular, however OK. So Tub & Physique Works reported quarterly earnings that reiterated all’s not nicely within the land of retail. First-quarter earnings fell to $155 million from $277 million within the year-ago interval — and full-year forecasts dried up faster than that bargain-bin hand sanitizer they preserve on the entrance of the shop.

Tub & Physique Works now expects to make earnings of between $3.80 and $4.15 a share, down from its earlier estimate of between $4.30 and $4.70 a share. Any guesses as to why? (That’s a rhetorical query…)

With the market crashing from its years-long climb, even the faintest whiff of bother is sufficient to ship buyers right into a tailspin. Tub & Physique Works shareholders had been no exception, with lowered steering leading to a decreasing of BBWI inventory by almost 9%.

Write to us at any time when the market muse calls to you! GreatStuffToday@BanyanHill.com is the place you possibly can attain us greatest.

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Till subsequent time, keep Nice!