Fiat planning merger with Renault
Fiat Chrysler has proposed a $35 billion merger with Renault to create the world’s third-biggest carmaker as manufacturers scramble for scale to tackle an expensive shift to electrification and autonomous driving.
The transaction would be structured as 50-50 ownership through a Dutch holding company, Fiat said. Renault shareholders, including the French government, would get an implied premium of about 10%. In a statement, Renault’s board said it would study what it called a “friendly” proposal.
Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Tesla (NASDAQ:TSLA), Advanced Micro Devices (NASDAQ:AMD), Texas Instruments (NASDAQ:TXN), QUALCOMM (NASDAQ:QCOM), Micron Technology (NASDAQ:MU).
Industry description
The investment seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the S-Network Electric & Future Vehicle Ecosystem Index.
The fund will normally invest at least 90% of its net assets in the common stocks and depositary receipts that comprise the index. To be eligible for inclusion in the index, a company must be listed on a major recognized stock exchange and engaged in one of the following sectors: electric and autonomous vehicle manufacturing; enabling technologies or enabling materials. The fund is non-diversified.
Market Cap
The average market capitalization across the First Trust S-Network Fut Vhcl&Tech ETF ETF is 205.37B. The market cap for tickers in the group ranges from 95.46M to 3.51T. NVDA holds the highest valuation in this group at 3.51T. The lowest valued company is WOLF at 95.46M.
High and low price notable news
The average weekly price growth across all stocks in the First Trust S-Network Fut Vhcl&Tech ETF ETF was 28%. For the same ETF, the average monthly price growth was 136%, and the average quarterly price growth was 77%. OUST experienced the highest price growth at 19%, while WOLF experienced the biggest fall at -52%.
Volume
The average weekly volume growth across all stocks in the First Trust S-Network Fut Vhcl&Tech ETF ETF was 35%. For the same stocks of the ETF, the average monthly volume growth was 13% and the average quarterly volume growth was 113%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 59
P/E Growth Rating: 58
Price Growth Rating: 54
SMR Rating: 73
Profit Risk Rating: 71
Seasonality Score: 17 (-100 ... +100)