The Latest Breaking News from PACCAR Inc

The S&P 500 Index ($SPX ) (SPY ) today is down -0.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.09%. March E-mini S&P futures (ESH25 ) are down by -0.01%, and March E-mini Nasdaq...

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.22%. Stocks today are moderately lower as a jump in global bond...

Recent challenges, encompassing software update glitches and substantial debt acquisition, have cast uncertainty over Rivian Automotive’s (RIVN) outlook. Nevertheless, amid a booming automotive industry propelled by escalating demand and technological strides, investing in sturdy auto stocks Hino Motors (HINOY), PACCAR Inc (PCAR), and Volkswagen AG (VWAGY) could be wise. Read…

The rising demand for new cars, coupled with the rapid transition toward Electric Vehicles (EVs) and the seamless incorporation of cutting-edge technologies within the automotive sector, augurs well for the enduring stability of the auto industry. Given this backdrop, let’s ascertain whether auto stocks PACCAR (PCAR), Geely Automobile Holdings (GELYY),…

Despite macroeconomic concerns, auto sales are likely to rise as a result of pent-up demand and technology advances. Thus, investing in fundamentally sound stock, PACCAR (PCAR), could be an ideal buy for steady returns. However, the fundamentally weak NIO (NIO) could be best avoided now. Read on.

PACCAR Inc (NASDAQ:PCAR) reported first-quarter FY22 sales growth of 10.6% year-on-year, to $6.47 billion, beating the consensus of $5.91 billion. Net sales and revenues from Truck, Parts, and Other improved 12.8% to $6.1 billion, and the corresponding gross margins were 13.4%. Revenues from Financial Services fell 15% to $366.2 million. Revenue from U.S.…

PACCAR Inc (NASDAQ:PCAR) has been downgraded to Hold from Buy by Jefferies analyst Stephen Volkmann. The analyst also lowered the price target to $85 (an upside of 3.4%), from $100. Volkmann believes 2023 will likely be a cycle peak versus his previous expectation for an elongated cycle. Volkmann mentioned strong backlogs support near-term deliveries but…

The CEOs of Intel Corp (NASDAQ:INTC) and Micron Technology Inc (NASDAQ:MU) will testify on March 23 before the U.S. Senate, Reuters reports. The hearing would focus on vulnerabilities in semiconductor supply chains and the sector's connection with American competitiveness. The PACCAR Inc (NASDAQ:PCAR) chief will also testify at the hearing. The U.S. presently accounted for 12% of…

ABB Ltd (NYSE:ABB) partners with PACCAR Inc (NASDAQ:PCAR) to provide PACCAR dealers and customers with a range of advanced charging solutions (up to 350 kW) across fleet operations in North America and Europe. Financial terms not disclosed. The partnership will increase operating efficiency and sustainability for PACCAR's dealer network of 2,265 locations in more than…