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Shares of Toyota Motor (TM -1.71%) rallied 11.8% this week, according to data from S&P Global Market Intelligence.
Toyota Motor (TM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Electric vehicle maker Tesla (TSLA -8.09%) has taken Wall Street by storm in the past six years. Starting from a stock price of $17 and a $46.2 billion market cap in July, 2019, Elon Musk's empire made electric cars cool and expanded into a broader alternative energy business with a side gig in literal rocket science.
Mio Kato, founder of LightStream Research says Trump's tariff plans could lead to operation or financial tie-ups amongst Japanese automakers over the long-run.
Investors in Japanese stocks breathed a collective sigh of relief on Wednesday, following a deal the country struck with the U.S. to pay lower tariffs on imports.
The new U.S.-Japan trade deal reduces tariffs on Japanese autos, benefiting Toyota Motor Corporation's high-margin imports and removing a key overhang for the stock. Toyota remains fundamentally strong, leading the industry in gross and net margins, electrified vehicle sales growth, and U.S.-based manufacturing resilience. TM stock is undervalued based on the Graham Number, with a fair value estimate of $251.90, well above current levels, offering a margin of safety.
Pre-Markets in Green Amid Trade Deal With Japan.
A new trade agreement was announced that lowers tariffs on Japanese imported autos to +15% from +27.5%, with $550B in loans and investments.
Key Points in This Article: NIO's (NIO) 11% stock surge followed the Onvo L90 SUV announcement, while Toyota (TM) gained 13% in premarket trading after a U.S.
Toyota Motor Corp TM just got a market-moving gift – and it came courtesy of U.S. trade policy. After the Donald Trump administration unveiled a new 15% tariff on imported vehicles, Toyota's stock surged 8%.