We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Autoliv (ALV) Closes Spin-off of Electronics Segment Veoneer
Read MoreHide Full Article
Autoliv Inc. (ALV - Free Report) has made the announcement of closing the spin-off of its electronics segment, Veoneer, Inc. This spin-off completes the process that started in September 2017 when the Stockholm, Sweden-based leader in automotive safety systems, announced its intention to establish its electronics segment as a separate entity. The underlying aim was to create two isolated entities, capable of catering to two different markets, with separate product offerings.
Prior to the spin-off, Autoliv made cash contributions to Veoneer so that Veoneer has total cash liquidity of around $1 billion. Autoliv channelized the contribution through a mixture of external funding and existing cash. With the completion of the spin-off, Veoneer will begin regular trading on the New York Stock Exchange and on Nasdaq Stockholm as an independent company.
Autoliv is engaged in developing and manufacturing automotive safety systems for all major automotive manufacturers in the world. With its robust product portfolio and capabilities, Autoliv is likely to further drive innovation.
In the past year, shares of Autoliv have outperformed the industry it belongs to. During the period, its stock has grown 28.5% in comparison with the industry’s increase of 15.4%.
Allison Transmission has an expected long-term growth rate of 10%. Over the past year, shares of the company have gained 7.1%.
Ferrari has an expected long-term growth rate of 17.3%. Over the past year, shares of the company have gained 57.3%.
Fox Factory has an expected long-term growth rate of 11.5%. Shares of the company have risen 28.1% over the past year.
Today’s Stocks From Zacks' Hottest Strategies
It’s hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Autoliv (ALV) Closes Spin-off of Electronics Segment Veoneer
Autoliv Inc. (ALV - Free Report) has made the announcement of closing the spin-off of its electronics segment, Veoneer, Inc. This spin-off completes the process that started in September 2017 when the Stockholm, Sweden-based leader in automotive safety systems, announced its intention to establish its electronics segment as a separate entity. The underlying aim was to create two isolated entities, capable of catering to two different markets, with separate product offerings.
Prior to the spin-off, Autoliv made cash contributions to Veoneer so that Veoneer has total cash liquidity of around $1 billion. Autoliv channelized the contribution through a mixture of external funding and existing cash. With the completion of the spin-off, Veoneer will begin regular trading on the New York Stock Exchange and on Nasdaq Stockholm as an independent company.
Autoliv is engaged in developing and manufacturing automotive safety systems for all major automotive manufacturers in the world. With its robust product portfolio and capabilities, Autoliv is likely to further drive innovation.
In the past year, shares of Autoliv have outperformed the industry it belongs to. During the period, its stock has grown 28.5% in comparison with the industry’s increase of 15.4%.
Autoliv currently has a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Ferrari N.V. (RACE - Free Report) and Fox Factory Holding Corp. (FOXF - Free Report) . While both Allison Transmission and Ferrari sport a Zacks Rank #1 (Strong Buy), Fox Factory carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Allison Transmission has an expected long-term growth rate of 10%. Over the past year, shares of the company have gained 7.1%.
Ferrari has an expected long-term growth rate of 17.3%. Over the past year, shares of the company have gained 57.3%.
Fox Factory has an expected long-term growth rate of 11.5%. Shares of the company have risen 28.1% over the past year.
Today’s Stocks From Zacks' Hottest Strategies
It’s hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>