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Goodyear Tire & Rubber shares rose 4% to $9 following Deutsche Bank's upgrade from "hold" to "buy," citing the company's potential to achieve $1.5 billion in cost savings and margin improvements by 2026. The brokerage maintains a price target of $13, indicating a 47% upside. With domestic manufacturing supporting U.S. demand, Goodyear is positioned to benefit from current tariff policies.
Deutsche Bank has reduced its 2025 US light vehicle sales forecast by 500,000 to 15.4 million due to impending tariffs affecting auto supply chains and prices. Analysts predict a short-term sales boost as consumers rush to purchase before price hikes, but a significant decline is expected afterward.In the tech sector, Palantir's shares fell amid concerns over government spending cuts, while Moderna's stock dropped 10% following the resignation of the FDA's vaccine chief, raising questions about vaccine safety. Overall, US stocks faced a slump, particularly in consumer discretionary and tech sectors, as fears of an economic slowdown intensified.
JPMorgan Chase & Co. (NYSE:JPM) ranks 7th among the best very cheap stocks to buy according to billionaires, with a forward P/E of approximately 13.2x and 14 billionaire investors backing it. Analysts remain optimistic about its growth potential, driven by investments in technology and a favorable market outlook, particularly in capital markets and M&A advisory. Despite this, some experts suggest that deeply undervalued AI stocks may offer greater returns in a shorter timeframe.
Banco Santander Chile has released its audited consolidated financial statements for the years ending December 31, 2024, and 2023, confirming a fair view of its financial health. The independent auditor's report, dated February 27, 2025, found no material misstatements, assuring stakeholders of the bank's compliance with regulatory standards. The bank continues to provide a range of financial services, including commercial banking and mortgages, to its customers in Chile.
JPMorgan Chase & Co. is evaluated among the best very cheap stocks to buy, as the S&P 500 faces a volatile environment with elevated valuations entering 2025. Projections suggest an 11.5% earnings growth for the index, though challenges from tariffs may impact corporate profits unevenly. The technology sector is expected to maintain strong growth, with healthy balance sheets supporting anticipated earnings growth of over 20% in 2025.
Tesla's stock fell by as much as 6% amid concerns over President Trump's impending 25% tariffs on foreign autos, with CEO Elon Musk acknowledging the significant impact on the company. Analysts predict lower EV deliveries for the March quarter, with estimates ranging from 353,418 to 390,342 vehicles, as waning sentiment towards Musk and competition from Chinese EV makers like BYD weigh on sales. Additionally, protests against Musk and the anticipation of new models are contributing to short-term sales challenges.
Banco Santander has announced its total voting rights as of March 31, 2025, in accordance with the FCA’s Disclosure Guidance and Transparency Rules. The bank reported an issued share capital of over 15 billion ordinary shares, resulting in 15,044,670,602 voting rights available for shareholder calculations. This information is crucial for stakeholders assessing their interests in the company.
UBS has revised its year-end S&P target downward but maintains a positive outlook, anticipating significant upside potential in the market. The firm suggests that despite current challenges, there are opportunities for growth ahead.
Bank of America has downgraded Bank of Nova Scotia to Neutral from Buy, citing a significant shift in the operating outlook due to trade tensions and economic uncertainty. The price target has been reduced from C$82 to C$70, with concerns over the bank's exposure to Mexico and Latin America, as well as its CET1 capital ratio being below peers. BofA prefers Royal Bank of Canada, TD Bank, and CIBC amid the current economic challenges.
UBS has maintained a "Buy" rating for Intesa Sanpaolo, setting a target price of 5.10 euros. Analyst Jason Napier noted increased interest from US investors in European banking stocks amid rising uncertainty over US tariffs, highlighting Intesa Sanpaolo among his top picks alongside Barclays, ING, and Santander.
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Goodyear shares rise after Deutsche Bank upgrades to buy rating
17:39 31.03.2025
deutsche bank revises us auto sales forecast amid tariff concerns
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