Hot Bank Stocks To Own Right Now

India’s biggest ride-hailing company has ambitious plans to put a million electric vehicles on the country’s polluted streets.

Ola, Uber’s main rival in India, said Monday that as a first step it’s aiming to roll out a fleet of 10,000 electric rickshaws in several cities over the next 12 months. India’s ubiquitous three-wheeled taxis are normally fueled by gas. Ola wants its drivers to switch to battery-powered versions.

The company said it plans to hit the 1 million vehicle target by 2021.

The Bangalore-based startup, which is backed by major investors such as Japan’s SoftBank (SFTBF), did not elaborate on how it plans to grow its electric fleet so rapidly. It said it intends to work with vehicle manufacturers, city and state governments and battery manufacturers on the initiative.

Ola currently has more than a million drivers across 110 Indian cities, so its plan would mean electrifying the vast majority of the vehicles available via its app.

Hot Bank Stocks To Own Right Now: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Motley Fool Staff]

    Three of the big four U.S. banks report third-quarter earnings today: JPMorgan Chase (NYSE:JPM), Citigroup, and Wells Fargo (NYSE:WFC). In this week’s “One to Watch” segment, Industry Focus: Financials host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss what they’re looking for when the earnings reports hit the wire later this week.

  • [By Chris Lange]

    And Wells Fargo & Co. (NYSE: WFC) will report its fourth-quarter results before Friday’s opening bell too. The consensus estimates are EPS of $1.07 and revenue of $22.3 billion. Shares closed most recently at $62.75, in a 52-week range of $49.27 to $63.05. The consensus price target is $61.74.

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) short interest fell to 19.66 million shares from the previous reading of 29.73 million. Shares were trading at $53.53, within a 52-week range of $50.26 to $66.31.

Hot Bank Stocks To Own Right Now: Ampco-Pittsburgh Corporation(AP)

Advisors’ Opinion:

  • [By ]

    San Francisco (AP) — A U.S. judge who held a hearing about climate change that received widespread attention ruled Monday that Congress and the president were best suited to address the contribution of fossil fuels to global warming, throwing out lawsuits that sought to hold big oil companies liable for the Earth's changing environment.

  • [By ]

    Anchorage, Alaska (AP) — A magnitude 8.2 earthquake off Alaska's Kodiak Island prompted a tsunami warning for a large swath of coastal Alaska and Canada's British Columbia while the remainder of the U.S. West Coast was under a watch.

  • [By ]

    ORG XMIT: MASR201 In this Feb. 22, 2012 photo, shoppers enter a Sears department store location in Dedham, Mass. Sears Holdings is expanding its partnership with Amazon, enabling tire buyers to have them installed at a local Sears Auto Center. (AP Photo/Steven Senne) (Photo: AP)

  • [By ]

    This undated photo provided by Honda shows the 2019 Honda Insight, which returns to the U.S. after a five-year absence. It now more closely resembles Honda's Civic and Accord models. (Courtesy of American Honda Motor Co. via AP) (Photo: AP)

  • [By ]

    This undated photo provided by Lexus shows the 2019 Lexus UX. The Lexus UX has a few distinct advantages: It has the lowest cost of entry in the class ($33,025), and it is currently the only one that comes in a hybrid version for increased fuel efficiency. (Courtesy of Toyota Motor Sales U.S.A. via AP) (Photo: AP)

Hot Bank Stocks To Own Right Now: First Commonwealth Financial Corporation(FCF)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Joseph Griffin]

    Barclays PLC increased its holdings in First Commonwealth Financial (NYSE:FCF) by 24.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,717 shares of the bank’s stock after buying an additional 6,593 shares during the period. Barclays PLC’s holdings in First Commonwealth Financial were worth $476,000 as of its most recent SEC filing.

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Ethan Ryder]

    First Commonwealth Financial (NYSE:FCF) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday.

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Hot Bank Stocks To Own Right Now: Canadian Imperial Bank of Commerce(CM)

Advisors’ Opinion:

  • [By Lisa Levin] Companies Reporting Before The Bell
    Target Corporation (NYSE: TGT) is estimated to report quarterly earnings at $1.38 per share on revenue of $16.50 billion.
    Ralph Lauren Corporation (NYSE: RL) is expected to report quarterly earnings at $0.83 per share on revenue of $1.48 billion.
    Lowe's Companies, Inc. (NYSE: LOW) is projected to report quarterly earnings at $1.25 per share on revenue of $17.63 billion.
    Tiffany & Co. (NYSE: TIF) is estimated to report quarterly earnings at $0.83 per share on revenue of $957.49 million.
    Canadian Imperial Bank of Commerce (NYSE: CM) is expected to report quarterly earnings at $2.23 per share on revenue of $3.40 billion.
    Citi Trends, Inc. (NASDAQ: CTRN) is projected to report quarterly earnings at $0.9 per share on revenue of $210.70 million.
    Qiwi plc (NASDAQ: QIWI) is expected to report quarterly earnings at $0.25 per share on revenue of $60.19 million.
    iClick Interactive Asia Group Limited (NASDAQ: ICLK) is projected to report quarterly loss at $0.06 per share on revenue of $34.87 million.

     

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Ethan Ryder]

    Sigma Planning Corp boosted its holdings in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 12.6% in the second quarter, HoldingsChannel reports. The firm owned 7,383 shares of the bank’s stock after acquiring an additional 826 shares during the period. Sigma Planning Corp’s holdings in Canadian Imperial Bank of Commerce were worth $642,000 at the end of the most recent reporting period.

  • [By Joseph Griffin]

    Shares of Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$130.33.

  • [By Stephan Byrd]

    Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) declared a quarterly dividend on Wednesday, May 23rd, Zacks reports. Stockholders of record on Thursday, June 28th will be paid a dividend of 1.036 per share by the bank on Friday, July 27th. This represents a $4.14 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Wednesday, June 27th.

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

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