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S&P 500   3,761.88 (-0.17%)
DOW   30,954.06 (+0.10%)
QQQ   300.41 (-1.21%)
AAPL   118.15 (-1.65%)
MSFT   228.22 (+0.66%)
FB   257.53 (-0.04%)
GOOGL   2,047.68 (+0.68%)
TSLA   565.00 (-9.08%)
AMZN   2,918.01 (-2.00%)
NVDA   475.85 (-3.83%)
BABA   229.55 (-0.41%)
CGC   29.02 (-6.42%)
GE   13.36 (-1.55%)
MU   85.17 (+1.00%)
NIO   32.23 (-17.95%)
AMD   75.67 (-2.68%)
T   29.39 (+1.63%)
F   11.82 (-0.92%)
ACB   8.98 (-8.55%)
DIS   185.35 (-1.43%)
BA   216.76 (-3.54%)
NFLX   505.39 (-1.15%)
BAC   36.34 (-0.44%)
S&P 500   3,761.88 (-0.17%)
DOW   30,954.06 (+0.10%)
QQQ   300.41 (-1.21%)
AAPL   118.15 (-1.65%)
MSFT   228.22 (+0.66%)
FB   257.53 (-0.04%)
GOOGL   2,047.68 (+0.68%)
TSLA   565.00 (-9.08%)
AMZN   2,918.01 (-2.00%)
NVDA   475.85 (-3.83%)
BABA   229.55 (-0.41%)
CGC   29.02 (-6.42%)
GE   13.36 (-1.55%)
MU   85.17 (+1.00%)
NIO   32.23 (-17.95%)
AMD   75.67 (-2.68%)
T   29.39 (+1.63%)
F   11.82 (-0.92%)
ACB   8.98 (-8.55%)
DIS   185.35 (-1.43%)
BA   216.76 (-3.54%)
NFLX   505.39 (-1.15%)
BAC   36.34 (-0.44%)
S&P 500   3,761.88 (-0.17%)
DOW   30,954.06 (+0.10%)
QQQ   300.41 (-1.21%)
AAPL   118.15 (-1.65%)
MSFT   228.22 (+0.66%)
FB   257.53 (-0.04%)
GOOGL   2,047.68 (+0.68%)
TSLA   565.00 (-9.08%)
AMZN   2,918.01 (-2.00%)
NVDA   475.85 (-3.83%)
BABA   229.55 (-0.41%)
CGC   29.02 (-6.42%)
GE   13.36 (-1.55%)
MU   85.17 (+1.00%)
NIO   32.23 (-17.95%)
AMD   75.67 (-2.68%)
T   29.39 (+1.63%)
F   11.82 (-0.92%)
ACB   8.98 (-8.55%)
DIS   185.35 (-1.43%)
BA   216.76 (-3.54%)
NFLX   505.39 (-1.15%)
BAC   36.34 (-0.44%)
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Carmaker Stellantis shares jump in Milan, Paris on first day

Monday, January 18, 2021 | Colleen Barry, AP Business Writer


The new Stellantis logo was added on the side of the other logos of the group, on the day of the stock market debut, at the historic Mirafiori headquarters in Turin, Italy, Monday, Jan. 18, 2021. Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock exchanges, giving life to the fourth-largest car company in the world. (Marco Alpozzi/LaPresse via AP)

MILAN (AP) — Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock exchanges, giving life to the fourth-largest auto company in the world.

Stellantis shares rallied 7.6% in Milan to 13.53 euros ($16.32). CEO Carlos Tavares said during a virtual bell-ringing ceremony that the merger creates 25 billion euros in shareholder value.

“The focus from day one will be on value creation from synergies, which will increase competitiveness vis-a-vis its peers,” Tavares said.

Stellantis has a new logo and will launch on the New York Stock Exchange on Tuesday, due to the Monday U.S. bank holiday, followed by a press conference with Tavares.

Chairman John Elkann, heir to the Fiat-founding Agnelli family, said that the new company has “the scale, the resources, the diversity and the knowledge to successfully capture the opportunities of this new era in transportation.” The technological shift includes electrified powertrains as well as moves toward greater autonomous driving.

The merger is aimed at creating 5 billion euros in annual savings. The new company will have the capacity to produce 8.7 million cars a year, behind Volkswagen, Toyota and Renault-Nissan.

Fiat Chrysler, which was created from the merger of the Italian and U.S. car companies in 2014, closed Friday down 4.35% at 12.57 euros, having gained in previous days. Its closing market capitalization was under 20 billion euros, far off its 2018 highs of more than 30 billion euros.

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Toyota Motor (TM)1.6$146.45-0.3%2.45%15.50HoldN/A
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7 Stocks to Buy For the Current Housing Boom

It’s been an uneven economic recovery to date. However, one area that is unquestionably booming is the housing market. But the interesting thing is that it took more than low mortgage rates to convince home buyers to take the plunge.

What it took was a pandemic. Think I’m kidding? Look at the Housing Market Index (HMI). In September, the HMI posted a preliminary rating of 83. That’s a historical high. And this marks the fifth consecutive month the HMI has increased.

Simply put, Americans have a renewed interest in spreading out. For some urban apartment dwellers, this means a flight to a place of their own. Some that own homes in more densely populated areas are looking for more wide-open spaces.

And regardless of the outcome of the presidential election, the Federal Reserve has indicated it is in no hurry to raise interest rates. This means that mortgage rates should remain favorable no matter which party occupies the White House.

There are many ways for investors to profit from this housing boom. Homebuilder stocks are a logical choice. But other companies will benefit from the rise in homeownership.

To help you capitalize on this red hot sector, we’ve put together this special presentation.

View the "7 Stocks to Buy For the Current Housing Boom".

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