Daimler post-dividend drop offers buying opportunity
Daimler recently gapped down in a big way after its dividend and a CEO change, which offers an opportunity for investors to get back in at low prices. Daimler isn't the sexiest automotive company, but it's fast becoming a leader in the autonomous vehicles space. It's already got a level 2 autonomous rig on the road, cutting the cost of traffic incidents by 95%. By 2025 it expects to field a fully autonomous truck. Whatever you think about putting truck drivers out of business, this is bound to be insanely profitable for Daimler.
Analyst ratings on Daimler are super mixed, mostly because some analysts are more forward-looking than others. Last year Daimler's earnings were down year-over-year, mostly because of R&D costs. However, the company delivered a solid earnings beat in Q1 on the strength of its autonomous truck business, and I think it will solidly beat estimates again in Q2. In the meantime, Daimler's formed a nice, gentle upward channel. Pick it up on pullback to channel bottom for a steady return until next earnings on July 25. Analyst upgrades or earnings estimate revisions could benefit the stock before then.
Note that Daimler trades as both DMLRY and DDAIF.
Analyst ratings on Daimler are super mixed, mostly because some analysts are more forward-looking than others. Last year Daimler's earnings were down year-over-year, mostly because of R&D costs. However, the company delivered a solid earnings beat in Q1 on the strength of its autonomous truck business, and I think it will solidly beat estimates again in Q2. In the meantime, Daimler's formed a nice, gentle upward channel. Pick it up on pullback to channel bottom for a steady return until next earnings on July 25. Analyst upgrades or earnings estimate revisions could benefit the stock before then.
Note that Daimler trades as both DMLRY and DDAIF.
Komentarz:
Daimler's down into the buy zone today. Anything between 13.36 and 13.52 is a good price.