Futures Slump, Ignoring Korean Euphoria, After Iran Rejects Trump Enriched Uranium Demands A steady rebound in US equities driven by peak insanity in Korea (where the two chip stocks that account for most of the market surged and sent the Kospi soaring more than 8% overnight) faded after a report that Iran’s Supreme Leader issued a directive that the country’s near-weapons-grade uranium must remai...
Futures Slump, Ignoring Korean Euphoria, After Iran Rejects Trump Enriched Uranium Demands A steady rebound in US equities driven by peak insanity in Korea (where the two chip stocks that account for most of the market surged and sent the Kospi soaring more than 8% overnight) faded after a report that Iran’s Supreme Leader issued a directive that the country’s near-weapons-grade uranium must remain in the country, rejecting Trump's key ceasefire demand , while oil and bond yields jumped as traders waited in mounting futility to see whether hopes of a peace deal in the Middle East would translate into tangible progress. As of 7:15am ET, S&P 500 futures fell 0.4% and Nasdaq futures slid 0.3% after otherwise very strong Nvidia’s earnings failed to ignite further strong gains in the artificial intelligence trade. Treasuries fell as Brent reversed earlier losses to climb 2% above $107 after Tehran's response disappointed those hoping for de-escalation. JPMorgan CEO Jamie Dimon did not help, warning that interest rates may climb much further from current levels. Long-dated bonds around the world have tested multiyear highs in recent days on concern about an oil-driven spike in inflation and amid worries over government spending. Yesterday's Nvidia earnings proved to be a dud: Nvidia shares were unchanged (crushing both put and call buyers as the implied vol collapse) in US premarket trading after the AI chipmaker reported Q1 results and gave a forecast amid increased investor skepticism. While analysts were broadly positive, some also questioned the sustainability of growth, especially amid higher competition. Intuit sank 13% after the software company said it plans to reduce its workforce by about 17%. The shares of space exploration and satellite internet companies were broadly steady after Elon Musk’s SpaceX filed publicly for an initial public offering. Tesla advanced 1.6%, while other Mag 7 stocks were mixed (Amazon +0.6%, Alphabet +0.3%, Meta -0.2%, Apple -0.3%, Mic...
The European Investment Fund (EIF) has committed EUR 200 million to Copenhagen Infrastructure Partners' Advanced Bioenergy Fund II (ABF II) aimed at boosting biomethane and advanced bioenergy production throughout Europe. This investment supports the development, construction, and operation of new biogas facilities to further the continent's energy transition and enhance energy security. By transf...
The European Investment Fund (EIF) has committed EUR 200 million to Copenhagen Infrastructure Partners' Advanced Bioenergy Fund II (ABF II) aimed at boosting biomethane and advanced bioenergy production throughout Europe. This investment supports the development, construction, and operation of new biogas facilities to further the continent's energy transition and enhance energy security. By transforming agricultural waste into renewable energy, these projects are aligned with Europe's strategic goals of reducing reliance on imported fossil fuels and decarbonising various sectors. The fund, part of broader EU initiatives like InvestEU and REPowerEU, reflects the increasing investor demand for renewable gas production and sustainable energy infrastructure across core European markets. In other market news, Enphase Energy was a standout up 13.7% and ending the day at $53.15, near its 52-week high. This week, Enphase launched PowerMatch technology for its IQ Battery systems in North America and select regions, enhancing energy efficiency and savings. Meanwhile, Ningbo Deye Technology Group trailed, down 29.0% to finish the session at CN¥120.46. Enphase Energy is poised for potential growth through its integrated solar and EV charging solutions amid global electrification. Discover more about Enphase Energy's strategic position in the energy sector by exploring our detailed narrative. You might want to get in fast and revisit our Market Insights article titled "What's happening with Renewables & EVs?", where we explored the significant recovery and investment trends in renewable energy and electric vehicles driven by AI data center demand. Best Energy Transition Stocks Tesla closed at $417.26 up 3.3%. GE Vernova closed at $1,024.52 up 1.3%. Equinor ended the day at NOK369.60 down 1.7%. Turning Ideas Into Actions This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and ...
Navios Maritime press release ( NMM ): Q1 GAAP EPS of $3.64 beats by $1.04 . Revenue of $357M (+17.4% Y/Y) beats by $47.5M . Net cash from operating activities: $126.6 million for Q1 2026. Excluding this item, Adjusted EBITDA increased by $50.6 million to $204.1 million for the three month period ended March 31, 2026, as compared to $153.5 million for the same period in 2025. More on Navios Mariti...
Navios Maritime press release ( NMM ): Q1 GAAP EPS of $3.64 beats by $1.04 . Revenue of $357M (+17.4% Y/Y) beats by $47.5M . Net cash from operating activities: $126.6 million for Q1 2026. Excluding this item, Adjusted EBITDA increased by $50.6 million to $204.1 million for the three month period ended March 31, 2026, as compared to $153.5 million for the same period in 2025. More on Navios Maritime Navios Maritime Partners Remains A Buy After A 100% Rally Navios Maritime Partners L.P. Common Units 2025 Q4 - Results - Earnings Call Presentation Navios Maritime Q1 2026 Earnings Preview Nine of ten foreign industrial stocks on this list earn a Strong Buy Seeking Alpha’s Quant Rating on Navios Maritime
To make a proper investment decision, you should try to forecast a company's stock price. You'll need to project certain items, like sales, and the corresponding price-to-sales (P/S) ratio. That sounds simple, but it's challenging to predict how a company will perform five years from now. Still, it's a necessity for long-term investors. Of course, you're not bound by those forecasts. You can, and ...
To make a proper investment decision, you should try to forecast a company's stock price. You'll need to project certain items, like sales, and the corresponding price-to-sales (P/S) ratio. That sounds simple, but it's challenging to predict how a company will perform five years from now. Still, it's a necessity for long-term investors. Of course, you're not bound by those forecasts. You can, and should, update them as new information (e.g., quarterly results) comes in. Chewy's (CHWY +2.75%) stock price has had a wild ride. In early 2021, the shares reached an all-time high of nearly $120. They currently sell at more than 80% below that price. Where will the share price reach in five years? Sales growth It's useful to look at historical sales and earnings growth. During the early days of the pandemic, Chewy's sales soared as many people adopted pets and used the company's online platform to order pet products. Fiscal 2022 sales reached $10.1 billion, up more than 41% from $7.1 billion in 2020. Chewy also reported a profit under generally accepted accounting principles (GAAP) of $0.12 per diluted share, compared to a $0.23 per diluted share loss in 2020. The 2022 fiscal year ended on Jan. 29, 2023. However, that sales pace proved unsustainable. More recent periods seem more reflective of Chewy's growth rate. Last year's sales grew 8.3% based on the same number of weeks in both years. Expand NYSE : CHWY Chewy Today's Change ( 2.75 %) $ 0.54 Current Price $ 20.20 Key Data Points Market Cap $8.4B Day's Range $ 19.30 - $ 20.48 52wk Range $ 19.30 - $ 48.62 Volume 111 Avg Vol 8.5M Gross Margin 28.77 % Management has done a nice job driving sales from autoship customers (83.3% of 2025 sales, up from 79.2%) and from active customers (those who order a product or service at least once in the past year), which grew 4% to 21.3 million. It has a high-single-digit to low-double-digit sales growth goal. Chewy ended 2026 with $12.6 billion in sales, or $29.59 a share. Using an 8% g...
Key Points Fueled by fast sales and earnings growth, Chewy's stock price soared during the early days of the pandemic. Growth has returned to a more reasonable pace. If Chewy meets management's sales goal, the stock could meaningfully appreciate. 10 stocks we like better than Chewy › To make a proper investment decision, you should try to forecast a company's stock price. You'll need to project ce...
Key Points Fueled by fast sales and earnings growth, Chewy's stock price soared during the early days of the pandemic. Growth has returned to a more reasonable pace. If Chewy meets management's sales goal, the stock could meaningfully appreciate. 10 stocks we like better than Chewy › To make a proper investment decision, you should try to forecast a company's stock price. You'll need to project certain items, like sales, and the corresponding price-to-sales (P/S) ratio. That sounds simple, but it's challenging to predict how a company will perform five years from now. Still, it's a necessity for long-term investors. Of course, you're not bound by those forecasts. You can, and should, update them as new information (e.g., quarterly results) comes in. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Chewy's (NYSE: CHWY) stock price has had a wild ride. In early 2021, the shares reached an all-time high of nearly $120. They currently sell at more than 80% below that price. Where will the share price reach in five years? Sales growth It's useful to look at historical sales and earnings growth. During the early days of the pandemic, Chewy's sales soared as many people adopted pets and used the company's online platform to order pet products. Fiscal 2022 sales reached $10.1 billion, up more than 41% from $7.1 billion in 2020. Chewy also reported a profit under generally accepted accounting principles (GAAP) of $0.12 per diluted share, compared to a $0.23 per diluted share loss in 2020. The 2022 fiscal year ended on Jan. 29, 2023. However, that sales pace proved unsustainable. More recent periods seem more reflective of Chewy's growth rate. Last year's sales grew 8.3% based on the same number of weeks in both years. Management has done a nice job driving sales from autoship customers (83.3% of 2025 sales,...
More on Walmart Walmart Earnings Preview: Short-Term Gas Impact Vs. Longer-Term Advertising And Flywheel Trends Walmart: Get Out Before The Correction Walmart: Consolidation In Uptrend Means New Highs Likely (Technical Analysis) Walmart falls after issuing cautious guidance amid the high gas price environment Walmart Non-GAAP EPS of $0.66 in-line, revenue of $177.75B beats by $2.91B
More on Walmart Walmart Earnings Preview: Short-Term Gas Impact Vs. Longer-Term Advertising And Flywheel Trends Walmart: Get Out Before The Correction Walmart: Consolidation In Uptrend Means New Highs Likely (Technical Analysis) Walmart falls after issuing cautious guidance amid the high gas price environment Walmart Non-GAAP EPS of $0.66 in-line, revenue of $177.75B beats by $2.91B
Check out the companies making the biggest moves in premarket trading: Quantum stocks — Shares of quantum computing companies soared following a Wall Street Journal report that the government plans to award $2 billion in grants to nine firms. The deal also included government equity stakes, the report said. Rigetti Computing jumped 15%, D-Wave Quantum surged 17%, and Quantum Computing rallied near...
Check out the companies making the biggest moves in premarket trading: Quantum stocks — Shares of quantum computing companies soared following a Wall Street Journal report that the government plans to award $2 billion in grants to nine firms. The deal also included government equity stakes, the report said. Rigetti Computing jumped 15%, D-Wave Quantum surged 17%, and Quantum Computing rallied nearly 14%. IonQ gained 8%, IBM rose 6.5% and GlobalFoundries added 13%. Walmart — The mega retailer slipped 2% after it issued a worst-than-expected outlook for the full year and its current quarter. Walmart expects adjusted earnings per share to be between $2.75 and $2.85, lower than expectations of $2.91, according to LSEG. Its first quarter adjusted EPS was in line with expectations, while tis revenue topped estimates. Rocket Lab — The space company tumbled 6% after Space X filed a prospectus with the Securities and Exchange Commission to trade publicly on the Nasdaq. CNBC reported last week the company plans to kick off a roadshow to market the deal on June 8. Nvidia — The chip titan said revenue surged 85% year over year to $81.62 billion in the first quarter, exceeding the prediction of $78.86 billion from analysts polled by LSEG. Shares were little changed. Intuit — Shares sank 14% after the financial software company announced a 17% workforce cut. Intuit also missed analyst expectations for revenue in the third fiscal quarter, posting $8.56 billion against an LSEG consensus forecast of $8.61 billion. E.l.f. Beauty — The beauty retailer jumped 7% after beating Wall Street's expectations on the top and bottom lines for the fourth fiscal quarter. E.l.f. said it planned to undo some of its tariff-related price increases, citing hardship for consumers facing higher gas prices. Star Bulk Carriers — Shares of the shipping firm added 3% after posting 56 cents in earnings per share, excluding items, on $281.2 million in revenue for the first quarter. Analysts surveyed by FactSe...
The United States market remained flat over the last week but has shown a 27% rise over the past 12 months, with earnings expected to grow by 17% annually in the coming years. In this context, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those who know the business best. Top 10 Growth Companies With High Insider Ownership ...
The United States market remained flat over the last week but has shown a 27% rise over the past 12 months, with earnings expected to grow by 17% annually in the coming years. In this context, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those who know the business best. Top 10 Growth Companies With High Insider Ownership In The United States Name Insider Ownership Earnings Growth Uxin (UXIN) 33.4% 74.1% Upstart Holdings (UPST) 13% 58.1% SharonAI Holdings (SHAZ) 29.9% 105.4% Laird Superfood (LSF) 16.1% 115.9% KVH Industries (KVHI) 16.3% 146.1% Karman Holdings (KRMN) 15.7% 52.6% FirstSun Capital Bancorp (FSUN) 21% 54.2% Corcept Therapeutics (CORT) 11.8% 48.7% Astera Labs (ALAB) 10.7% 31.5% AppLovin (APP) 27.4% 21.6% Click here to see the full list of 180 stocks from our Fast Growing US Companies With High Insider Ownership screener. Let's explore several standout options from the results in the screener. Simply Wall St Growth Rating: ★★★★★☆ Overview: Coastal Financial Corporation, with a market cap of $1.05 billion, is the bank holding company for Coastal Community Bank, offering a range of banking products and services to consumers and small to medium-sized businesses in Washington's Puget Sound region. Operations: Coastal Financial's revenue is primarily derived from its CCBX segment at $255.45 million, followed by Community Bank at $90.69 million, and Treasury & Administration contributing $17.18 million. Insider Ownership: 13.4% Coastal Financial Corporation demonstrates robust growth potential with earnings forecasted to increase by 45.5% annually, outpacing the US market average of 16.8%. Despite no substantial insider buying recently, the company benefits from high insider ownership, aligning management interests with shareholders. Recent first-quarter results showed net interest income rising to US$83.36 million and net income at US$12.02 million, reflecting consistent performance imp...
Queen Elizabeth pressed for her son Andrew Mountbatten-Windsor to be made a government trade envoy back in 2000, according to documents released on Thursday. Mountbatten-Windsor, brother of King Charles, served as the UK’s Special Representative for International Trade and Investment between 2001 and 2011 in an unpaid role that allowed him to travel the world meeting senior business and governme...
Queen Elizabeth pressed for her son Andrew Mountbatten-Windsor to be made a government trade envoy back in 2000, according to documents released on Thursday. Mountbatten-Windsor, brother of King Charles, served as the UK’s Special Representative for International Trade and Investment between 2001 and 2011 in an unpaid role that allowed him to travel the world meeting senior business and government figures. David Wright, the chief executive of British Trade International, said that before the appointment was made, he had a “wide-ranging discussion” with the late queen’s private secretary about Andrew’s appointment. Advertisement “The Queen’s wish is that the Duke of Kent should be succeeded in this role [as trade envoy] by the Duke of York,” Wright said in one document released on Thursday, referring to Mountbatten-Windsor’s previous title. The government agreed to release 11 documents after an opposition party used a rare parliamentary device to request the publication of files about the appointment of Mountbatten-Windsor. Prince Andrew has been stripped of his titles; here are others who have lost their royal titles Chris Bryant, a junior trade minister, said in a written statement to parliament that there was no evidence that formal due diligence or security vetting was carried out at the time.
A key Bank of America stock price indicator is flashing a warning sign that European equities could be at risk of a price crash in the coming weeks. The bank's European Momentum Conviction Indicator (MCI) — a key measure of the underlying strength of stocks' recent performance and future direction — has plunged to 17, BofA quant strategists said. That score is now well inside the critical danger z...
A key Bank of America stock price indicator is flashing a warning sign that European equities could be at risk of a price crash in the coming weeks. The bank's European Momentum Conviction Indicator (MCI) — a key measure of the underlying strength of stocks' recent performance and future direction — has plunged to 17, BofA quant strategists said. That score is now well inside the critical danger zone threshold of below 30, they explained in a note Thursday, suggesting a sharp market reversal could now be in the cards. A 30-or-below reading on BofA's MCI typically points to a greater risk of a 12-month price momentum crash over the next 4-8 weeks. Paulina Strzelinska, BofA quant strategist, said the deepening price momentum crash signal is driven by all three of the indicator's inputs: implied volatility, momentum volatility, and trend reversal risk. Momentum is a key factor in quantitative trading, alongside other signals such as value and volatility, that machine-learning funds use to model their investment strategies and size positions in their portfolios. Strzelinska said the slide points "primarily to volatility‑driven regime‑shift risk", alongside some evidence of trend acceleration, "though not a full‑blown momentum bubble." .STOXX 1Y mountain Stoxx 600. Europe-focused equity funds saw more than $1.5 billion of outflows over the past week, their fifth consecutive week of withdrawals, BofA's analysis showed, reflecting growing investor aversion to the region. The warning comes as investors this week expressed fears over a possible equity market correction coming down the line. Neil Birrell, chief investment officer at Premier Miton Investor, highlighted the "diverging views" on the prevailing macro backdrop among bonds and equity markets, telling CNBC that it's only a matter of time before the r ecent bond market jitters spill over into stocks. — CNBC's Michael Bloom contributed to this report.
Palantir Technologies NASDAQ: PLTR just posted what may be the best quarter in its history as a public company. 85% revenue growth, operating margins approaching 50%, $8 billion in combined cash and short-term securities, and zero signs of stress anywhere in the business. The stock sold off anyway. For investors trying to make sense of that, one of the earliest retail bulls on the name says the re...
Palantir Technologies NASDAQ: PLTR just posted what may be the best quarter in its history as a public company. 85% revenue growth, operating margins approaching 50%, $8 billion in combined cash and short-term securities, and zero signs of stress anywhere in the business. The stock sold off anyway. For investors trying to make sense of that, one of the earliest retail bulls on the name says the reaction isn't a mystery—and it isn't a warning. Get Palantir Technologies alerts: Sign Up When Great Earnings Aren't Enough Palantir Technologies Today PLTR Palantir Technologies $137.41 +0.26 (+0.19%) 52-Week Range $118.93 ▼ $207.52 P/E Ratio 154.39 Price Target $195.16 Add to Watchlist The market's short-term behavior has always been a poor predictor of business quality. Long-term Palantir bull Tom Nash, who has followed the company since its public debut, put it plainly: in the short run, the market is a voting machine. In the long run, it's a weighing machine, a line he credits to Benjamin Graham. A stock priced for perfection, like Palantir, often sells off even when it delivers perfection. High expectations were baked in ahead of the earnings report. Some investors took profits and moved on. That's not panic, it's rational portfolio management. Nash pointed to Amazon.com NASDAQ: AMZN as a parallel case: a company blowing out earnings while still lagging the broader S&P 500, largely misunderstood by the market in the short term. Mispricing is more common than investors tend to acknowledge. Why the Global Chaos Trade Favors Palantir Nash spent years underweighting Palantir's government business in his thesis. That view changed as the global investment environment shifted. The AI arms race among governments is accelerating, and the U.S. Department of Defense has a historically consistent preference for a single primary supplier when it comes to mission-critical data infrastructure. That supplier is effectively Palantir. The broader geopolitical deterioration—supply chain ...
Palantir Technologies (NASDAQ: PLTR) just posted what may be the best quarter in its history as a public company. 85% revenue growth, operating margins approaching 50%, $8 billion in combined cash and short-term securities, and zero signs of stress anywhere in the business. The stock sold off anyway. For investors trying to make sense of that, one of the earliest retail bulls on the name says the ...
Palantir Technologies (NASDAQ: PLTR) just posted what may be the best quarter in its history as a public company. 85% revenue growth, operating margins approaching 50%, $8 billion in combined cash and short-term securities, and zero signs of stress anywhere in the business. The stock sold off anyway. For investors trying to make sense of that, one of the earliest retail bulls on the name says the reaction isn't a mystery—and it isn't a warning. When Great Earnings Aren't Enough The market's short-term behavior has always been a poor predictor of business quality. Long-term Palantir bull Tom Nash, who has followed the company since its public debut, put it plainly: in the short run, the market is a voting machine. In the long run, it's a weighing machine, a line he credits to Benjamin Graham. A stock priced for perfection, like Palantir, often sells off even when it delivers perfection. High expectations were baked in ahead of the earnings report. Some investors took profits and moved on. That's not panic, it's rational portfolio management. Nash pointed to Amazon.com (NASDAQ: AMZN) as a parallel case: a company blowing out earnings while still lagging the broader S&P 500, largely misunderstood by the market in the short term. Mispricing is more common than investors tend to acknowledge. Why the Global Chaos Trade Favors Palantir Nash spent years underweighting Palantir's government business in his thesis. That view changed as the global investment environment shifted. The AI arms race among governments is accelerating, and the U.S. Department of Defense has a historically consistent preference for a single primary supplier when it comes to mission-critical data infrastructure. That supplier is effectively Palantir. The broader geopolitical deterioration—supply chain fragmentation, alliance instability, the collapse of predictable globalization—plays directly into what Palantir does best. The company built its DNA in chaos. Its Foundry platform was originally develop...
In this article TSM VST Follow your favorite stocks CREATE FREE ACCOUNT Carolina Panthers owner David Tepper looks on before the game against the Atlanta Falcons at Mercedes-Benz Stadium on January 05, 2025 in Atlanta, Georgia. Kevin C. Cox | Getty Images Sport | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high n...
In this article TSM VST Follow your favorite stocks CREATE FREE ACCOUNT Carolina Panthers owner David Tepper looks on before the game against the Atlanta Falcons at Mercedes-Benz Stadium on January 05, 2025 in Atlanta, Georgia. Kevin C. Cox | Getty Images Sport | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment firms of the ultra-wealthy doubled down on chipmakers in the first quarter of 2026 despite pressures from the Iran war , according to securities filings analyzed by CNBC. Several family offices also leaned into energy producers as the Middle East conflict drove oil prices up, though others opted to lock in their gains. David Tepper's family office Appaloosa Management raised its stake in Micron Technology by 11%, making the chipmaker its second-largest holding, at $562.5 million, at the end of March. Appaloosa also increased its stake in Taiwan Semiconductor by 18%, to $448.6 million, and disclosed a new $179 million position in Sandisk . Duquesne Family Office, the personal investment firm of Stanley Druckenmiller, also disclosed a new position in Sandisk valued at $24 million as well as a $161 million position in Broadcom . Soros Fund Management, the namesake firm of George Soros, raised its Nvidia position by 61%, to $187 million, making it one of the family office's top 10 holdings. Some of these moves were fortuitous, with semiconductor stocks skyrocketing in recent months. Over the past 30 days, shares of Sandisk and Micron have both risen about 50% and 60%, respectively. Shares of Nvidia, Broadcom and Taiwan Semiconductor gained by smaller percentages in recent weeks but have made substantial gains since last quarter. Broadcom and Taiwan Semiconductor are up about 35% and 19%, respectively, since the end of March, while Nvidia shares have risen by about 28%....
Sean Gallup/Getty Images News Birkenstock ( BIRK ) has entered into a $250M accelerated share repurchase agreement with Goldman Sachs ( GS ). Birkenstock will pay $250M to Goldman Sachs and expects to receive initial delivery of ~6M Birkenstock ordinary shares, representing ~80% of the number of ordinary shares initially underlying the agreement, based on the closing price of ordinary shares of $3...
Sean Gallup/Getty Images News Birkenstock ( BIRK ) has entered into a $250M accelerated share repurchase agreement with Goldman Sachs ( GS ). Birkenstock will pay $250M to Goldman Sachs and expects to receive initial delivery of ~6M Birkenstock ordinary shares, representing ~80% of the number of ordinary shares initially underlying the agreement, based on the closing price of ordinary shares of $33.21 on May 20, 2026. The transactions under the agreement are expected to be completed before June 30, 2026. BIRK shares were up +1.7% premarket to $33.80 . More on Birkenstock Holding Birkenstock: Concerning Sales Slowdown And Inventory Buildup (Downgrade) Birkenstock Holding plc (BIRK) Q2 2026 Earnings Call Transcript Birkenstock: Tough To Get Excited Birkenstock shares pinned down by profit miss, soft FY26 guidance Birkenstock Q2 profit takes hit from currency translation and U.S. tariffs
In this article STLA STLA Follow your favorite stocks CREATE FREE ACCOUNT Stellantis signage at the New York International Auto Show on April 2, 2026. Danielle DeVries | CNBC AUBURN HILLS, Mich. — Stellantis said Thursday it plans to invest 60 billion euros (US$69.7 billion) under a new five-year strategic plan by CEO Antonio Filosa that also targets annual cost savings of 6 billion euros by 2028....
In this article STLA STLA Follow your favorite stocks CREATE FREE ACCOUNT Stellantis signage at the New York International Auto Show on April 2, 2026. Danielle DeVries | CNBC AUBURN HILLS, Mich. — Stellantis said Thursday it plans to invest 60 billion euros (US$69.7 billion) under a new five-year strategic plan by CEO Antonio Filosa that also targets annual cost savings of 6 billion euros by 2028. The plan includes putting 36 billion euros toward the company's massive portfolio of automotive brands to launch more than 60 new vehicles as well as major refreshes of 50 other models, including all-electric vehicles, hybrids and traditional internal combustion engines. The other 24 billion euros will be put toward global vehicle platforms and new technologies for the automaker and its products, according to the company. Tune in Thursday, May 21, at 10:25 a.m. ET: CNBC's Phil LeBeau interviews Stellantis CEO Antonio Filosa. Watch in real time on CNBC+ or the CNBC Pro stream. Stellantis also said it plans to achieve positive free cash flow by 2028 after losing 22.3 billion euros last year that included a 22 billion euro restructuring away from all-electric vehicles. Under the plan, Stellantis will not eliminate any of its 14 automotive brands, but it will fold operations of its DS and Lancia European units into Citroen and Fiat, respectively, according to the company. Fiat is one of four designated "global brands" alongside Jeep, Ram Trucks and Peugot. That division also includes the Pro One commercial operations. Its regional brands will include Chrysler, Dodge, Citroen, Opel and Alfa Romeo. It also owns luxury brand Maserati. Filosa — who began leading the automaker less than a year ago — and other executives are set to lay out details of the "FaSTLAne 2030" plant hroughout the day Thursday during his first investor day as CEO at the company's North American headquarters near Detroit. Choose CNBC as your preferred source on Google and never miss a moment from the most tr...