President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Google announced Google Glass Enterprise Edition 2 on Monday, a new set of smart glasses that's catered toward businesses and costs $999. Google has focused on business use...Technologyread more
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg and Off Broadway Shoe Warehouse, have penned a letter to the White House asking President...Retailread more
Microsoft on Monday announced new moderation for its Xbox platform in an effort to cut down on toxic content and to make gaming safer for everyone.Technologyread more
Before the winner would even get a dime, more than $54 million would be withheld for federal taxes. Much more would likely be due at tax time.Personal Financeread more
People investing in some technology stocks should not expect them to go up anytime soon, warns the "Mad Money" host.Investingread more
The finalists from the Council for Economic Education's National Economics Challenge will put their problem-solving skills to the test Monday in a high school economics...US Economyread more
"Cars are changing dramatically, with technologies such as automation, electrification and connectivity having a disruptive impact on the market. Of stocks with exposure to these themes, we think MBLY and DLPH ... are the best ways to invest," the note said.
Piper initiated coverage of both stocks with an "overweight" rating, placing price targets of $82 and $50 on Delphi and Mobileye, respectively.
"We think buying MBLY is the best way for investors to experience multiple years of 40%+ growth without fretting too much about competition," the note said. "For investors seeking a lower multiple than MBLY, we recommend DLPH. The stock trades at just over 11x our FY16 EPS estimate — not too demanding for a company whose EPS should grow by 12%-16% annually through 2018."
Shares of both Delphi and Mobileye are down 21 percent and 14 percent year to date, respectively. On Friday they were down more than 2 percent.
MBLY (blue) and DLPH (green) in 2016Source: FactSet
Disclosures: Piper "usually" provides bids and offers for the securities of Mobileye and Delphi.