Toyota (TM)

[winston]

not vested

International Stocks to Buy: Toyota (TM)

Country: Japan
Forward P/E Ratio: 10

The Japanese yen has gained nearly 20% over the past year, and it’s wreaking havoc on Japanese exporters. The exchange rate that the Japanese government estimates is the breakeven level for exporters is 103.2 yen to the dollar.

Well, as I’m writing this, the yen trades at 102.2. So at current exchange rates, Japan’s exporters lose money.

That’s bad for an automaker like Toyota Motor Corp (ADR) (NYSE:TM) that depends heavily on sales in markets outside of Japan.

But here’s the thing. While is yen is expensive today, I don’t expect it to stay that way for long. Japan’s economy is stalling out again. Over the past four quarters, Japanese GDP grew at an average rate of just 0.2%.

So Japan’s government will be putting renewed pressure on the Bank of Japan to push the currency lower. Furthermore, as the Federal Reserve moves closer to raising rates, that should push the U.S. dollar higher.

So, Toyota should be very close to getting a much needed currency tailwind from a sagging yen. And given that Toyota trades for a modest 10 times next year’s expected earnings and yields over 3%, I think it’s likely that Toyota outpaces the U.S. market by a healthy margin.

Source: Investor Place

[winston]

not vested

THIS CARMAKER IS PREPARING FOR A DRIVERLESS FUTURE

Today's chart shows a company that's getting on board a powerful new trend...

Regular readers have heard us talk about the revolution in driverless cars. Highly advanced computers are already prowling American streets, learning how to drive more safely and efficiently than humans can.

Eventually, we'll just sit back and relax while our cars drive us around. Today's company wants to make those cars...

Toyota Motor (TM) already makes many of America's best-selling vehicles. But it's also investing heavily in the driverless future...

In March, Toyota became the first customer of Nvidia's (NVDA) autonomous vehicle simulation platform. That technology will give Toyotas "virtual" self-driving practice. But unlike a tech startup, Toyota already has an established, profitable business – it made more than $6 billion in the most recent quarter, a company record.

TM shares have been up and down in recent years. But they've jumped double digits since Toyota announced its Nvidia partnership, and they recently hit new 52-week highs. Keep an eye on this company as the driverless-car trend continues to advance...

Source: Daily Wealth

[behappyalways]

Toyota Factories In Japan Paralyzed Due To 'Glitch'
https://www.zerohedge.com/markets/toyot ... due-glitch

[winston]

Toyota Q1 Net Profit Plunges 37% After Trump Tariff Hit

Source: Zero Hedge

https://www.zerohedge.com/markets/toyot ... tariff-hit