BMW Has Best Hedge Against U.S. Tariff Risk Among German Carmakers -- Market Talk

Dow Jones11-06

1031 GMT - BMW has the best natural hedge among German carmakers against U.S. tariff risk in case of a Donald Trump election win, UBS analysts say in a research note. The outcome of the U.S. election is likely influencing the market reaction to the German luxury-car maker's third quarter results, even though its weaker-than-expected earnings and negative cash flow mean investors are unlikely to like the report, UBS says. Shares in BMW fall 5.3%, while Porsche AG sheds 5.8%, Volkswagen drops 4.1% and Mercedes-Benz is down 3.8%. (adria.calatayud@wsj.com)

 

(END) Dow Jones Newswires

November 06, 2024 05:32 ET (10:32 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment