The U.S. House subcommittee on environment heard testimony on April 13 with that would eliminate the Obama-era Renewable Fuel Standards (RFS) and replace it with higher octane gasoline. This may be counter-intuitive, but the auto industry is getting behind the idea.
Most gasoline sold in the United States today has an octane rating between 87 and 94. For consumers, the higher the octane rating the higher the cost. The price differential between regular and premium gasoline has jumped in recent years to around 50 cents a gallon or even more. If the only gasoline available were rated at 95 octane and cost, say, 50 cents or even 25 cents a gallon more than regular gasoline now costs, there would be a lot of unhappy American drivers.
It turns out that the cheapest way for automakers to improve a vehicle’s mileage rating and reduce its carbon emissions is to adjust the engine to run at higher compression ratios. That boosts efficiency (mileage) by using more of the energy in gasoline. Raising the octane level at which an engine runs most efficiently is much cheaper than developing new multi-gear transmissions or variable compression turbo-charged engines such as the new VC-Turbo from Nissan.
Hot Cheap Stocks To Buy Right Now: Barclays PLC(BCS)
- [By Max Byerly]
Earnest Partners LLC decreased its stake in Barclays PLC (NYSE:BCS) by 25.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,476 shares of the financial services provider’s stock after selling 6,521 shares during the quarter. Earnest Partners LLC’s holdings in Barclays were worth $195,000 as of its most recent SEC filing.
- [By Shane Hupp]
Barclays (NYSE: BCS) and Sumitomo Mitsui Financial Grp (NYSE:SMFG) are both large-cap finance companies, but which is the superior stock? We will compare the two companies based on the strength of their valuation, profitability, dividends, analyst recommendations, institutional ownership, earnings and risk.
- [By Zacks]
Last week, Barclays (NYSE: BCS) acquired £4.3 billion ($5.8 billion) worth of Irish residential mortgage loans from Lloyds Banking Group (NYSE: LYG). The portfolio comprises around 27,000 mortgages, originated between 2004 and 2010. Of the total loans acquired, nearly £300 million are impaired.
- [By Garrett Baldwin]
Well, Money Morning Special Situations Strategist Tim Melvin has broken these secrets out of the vault of the Smart Money managers. And he’s sharing the Max Wealth secrets for free right here.
Three Stocks to Watch Today: TSLA, GE, ARNC
Shares of Tesla Inc. (NASDAQ: TSLA) continue to face pressure thanks to the Twitter feed of CEO Elon Musk. Shares slumped 7% on Friday as traders reacted negatively to Musk’s criticism of the U.S. Securities and Exchange Commission and his $20 million settlement with the agency. Shareholders have even take directly to Twitter to beg Musk not to send out tweets and criticizing him for failing to look out for their financial interests. “If you put as much effort into improving operating efficiency as you do tweeting, you might have a fighting cash at profitability,” typed one user. Shares of General Electric Co. (NYSE: GE) rose by 2.8% after the firm received a surprise endorsement from Barclays Plc. (NYSE: BCS). The British investment bank suggested that the stock could pop as high as $20 per share on higher expectations for new CEO Larry Culp. The company’s analyst said that most of the bad news and expectations are already baked into the stock and that General Electric could experience a turnaround. The analyst’s 12-month outlook pegs GE stock at $16 per share (from this morning’s $13.56). Arconic Inc. (NYSE: ARNC) shares jumped 3.7% on takeover speculation this morning. Multiple media outlets are stating that various private equity giants and investment firms are engaging in a bidding war to purchase the producer of aluminum products. The list of suitors includes Blackstone Group LP (NYSE: BX), Carlyle Group LP (NYSE: CG), Onex Corp., and Canada Pension Plan Investment Board. Look for earnings reports today from USA Technologies Inc. (NASDAQ: USAT). While today’s report isn’t that newsworthy, keep in mind that earnings season kicks off this week. On Friday, look for reports from some of America’s top banks, including JPM
- [By Logan Wallace]
Barclays PLC (NYSE:BCS) saw unusually large options trading activity on Thursday. Stock investors purchased 6,210 put options on the stock. This represents an increase of 2,424% compared to the typical volume of 246 put options.
- [By Matthew Frankel]
Apple (NASDAQ:AAPL) is teaming up with investment banking giant Goldman Sachs (NYSE:GS) to develop and launch a new co-branded credit card next year, according to a report in the Wall Street Journal. This would replace the tech giant’s current partnership with Barclays (NYSE:BCS), and would be issued under the Apple Pay brand name.
Hot Cheap Stocks To Buy Right Now: LSI Industries Inc.(LYTS)
- [By Joseph Griffin]
LSI Industries, Inc. (NASDAQ:LYTS) CEO Ronald D. Brown acquired 5,000 shares of the business’s stock in a transaction on Monday, August 20th. The shares were bought at an average cost of $5.30 per share, with a total value of $26,500.00. Following the completion of the acquisition, the chief executive officer now owns 5,000 shares in the company, valued at $26,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Hot Cheap Stocks To Buy Right Now: Cedar Fair, L.P.(FUN)
- [By Max Byerly]
Cedar Fair Entertainment (NYSE:FUN) announced a quarterly dividend on Wednesday, May 2nd, Zacks reports. Investors of record on Monday, June 4th will be given a dividend of 0.89 per share on Friday, June 15th. This represents a $3.56 annualized dividend and a yield of 5.34%. The ex-dividend date is Friday, June 1st.
- [By Demitrios Kalogeropoulos]
Heading into its fourth-quarter earnings report, investors had modest expectations for Cedar Fair’s (NYSE:FUN) business. The regional theme park operator stumbled during the peak summer months, which raised the prospect of declining attendance in 2018 following several years of record results.
- [By Rick Munarriz]
The country’s two largest theme park operators have already checked in with their holiday-quarter results, and now it’s time to see how the leading regional amusement park players are doing. Cedar Fair (NYSE:FUN) reports its latest financials on Wednesday morning. Six Flags Entertainment (NYSE:SIX) follows with its earnings release the next morning.
- [By Motley Fool Staff]
In this clip from Motley Fool Money, Motley Fool contributors Ron Gross, Andy Cross, and Jason Moser share a stock on their radar this week. Tune in and find out why Cedar Fair LP (NYSE:FUN), Lowe’s (NYSE:LOW), and Intuit (NASDAQ:INTU) are so exciting.
- [By Joe Tenebruso]
Cedar Fair (NYSE:FUN) reported first-quarter financial results on May 2. The amusement park master limited partnership is enjoying strong early-season sales, and management is confident that it will hit its annual distribution growth targets.