Posts

15 Gainers Help D20 Rise, Autoliv Replaces Mobileye

Fifteen price gainers ensured the Driverless Transportation Weekly Stock Index (D20) would rise for the second straight week, while we prepare for Autoliv to join the index.

The D20 added 2.53 points to close at 221.82 for a 1.2-percent gain. It doubled up the Dow, which gained 0.6 percent to finish the week at 21,812.67, and also beat the S&P 500, which rose 0.7 percent.

Leading price percentage gainers Blackberry (BBRY) and Magna International (MGA) each added 3.6 percent to their stock prices this week.

With Intel completing its acquisition of Mobileye (MBLY) soon, the D20 will be deciding upon a new stock to replace it in the index.

Mobileye was a pure play in the driverless field, as its only products were driverless or assisted driving systems. One consideration was to replace it with Intel (INTC), who is buying Mobileye. But this would make the D20 act more like the big indexes, as Intel is a member of both the Dow and S&P500.

Another thought was to replace them with another auto manufacturer like Toyota (NYSE:TM), but with six car companies already, the D20 is over-represented with automobile manufacturers.

In the end, we at DriverlessTransportation.com decided AutoLiv will replace Mobileye in the D20.

Autoliv is a global firm headquartered in Sweden and traded on the NYSE. There is large enough volume of trades to make their stock active enough to add to the D20. Their products are automotive safety-related. They have two divisions–passive safety, which manufactures airbags, seatbelts and steering wheels, and active safety, which designs and delivers collision avoidance, radar and vision systems.

Autoliv recently formed a joint venture with Volvo called Zenuity to sell driverless cars based on NVIDIA’s Drive PX platform.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Cubic Telecom, a Dublin, Ireland startup, announced that is has raised $46.5 million in a Series C venture round to increase the size of its engineering team. Cubic’s software solution enables car manufacturers to build cars with common “connected” hardware and be able to sell them in countries with different “connected” protocols and service providers. Audi and Qualcomm were investors in this round.

Despite Big Jump by Denso, D20 Takes a Small Dip

Despite a big jump for Japanese auto parts maker Denso, the Driverless Transportation Weekly Stock Index (D20) took a small dip this past week, after enjoying three straight weeks of gains, rising 12 out of the past 14 weeks.

The D20 lost 2.85 points, or 1.3 percent, losing ground against the Dow, which gained 1.2 percent, and the S&P 500, which remained virtually unchanged.

The only D20 stock that moved significantly this week was Denso (DNZOY), which jumped 7.6 percent to close at $23.18 on rumors that when it reports quarterly earnings on Aug. 4, they will be above expectations.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Here, the mapping company jointly owned  by Daimler, Audi, and BMW, is launching a real-time traffic service that pulls data from its joint owners’ vehicles. Here, which started as a division of phone maker Nokia, was spun out and sold to a joint venture of the three German automakers. 

Momenta, a Chinese-based new entrant to the driverless car software market, recently raised $46 million in a series B venture funding. One of the funders was Daimler, which seems to have accelerated its driverless efforts recently.

Legal Victory for Renesas Leads D20 Stock Index to Gain

A legal victory for Renesas Electronics led the way as 11 propelled the Driverless Transportation Weekly Stock (D20) up this past week.

The D20 gained 1.64 points to close at 224.97, beating the Dow, which lost 0.3 percent, and the S&P 500, which rose 0.5 percent and closed the week at 2472.54.

Renesas Electronics Corp. (TSE:6723) gained 7.6 percent to close at ¥1090 per share.  Renesas announced that it won a patent infringement lawsuit brought by Zond LLC, and that it has developed a kit for its R-Car system that supports cocoro SB’s “Emotion Engine.”

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Lyft is launching a driverless division.  It announced that it just signed a lease for a large facility in Palo Alto and expects to hire hundreds of people to fill it. Lyft will continue to work with its major investor, General Motors and partners Waymo, JLR and Nutonomy.

Driverless truck startup, Embark, has raised $15 million in an initial round of funding. Its funding announcement coincides with an announcement of a partnership with heavy truck manufacturer, Peterbilt.  Embark has prototyped its neural, net-based deep learning approach on a Peterbilt 579 Truck.

Led by NVIDIA, D20 Leaps to Record High

In a nearly across the board sweep, nineteen price gainers and one unchanged stock drove the D20 to new heights this week.  The D20 jumped 5.2 percent, closing at a record high of 223.51.  The D20 easily outpaced the Dow, which gained 1 percent and the S&P 500 which added 1.4 percent and closed at 2459.27.

As the D20’s leading price percentage gainer this week, NVIDIA (NVDA) continues to hit new records and stun the market with its meteoric price rise.  Its partnership with Baidu continues to enchant the market causing its price to rise 12.4 percent this week and closing at $164.95 per share.  Because of its staggering share price run, gaining 625 percent since August 2015, NVIDIA is now 24% of the total value of the D20.  This week’s 12.4 percent gain accounted for the more than half of the D20’s 5.2 percent increase.

The lone non-gainer of the week was Nissan (NSANY).  It remained unchanged at $20.23 per share.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up and Comers:

Cortica, founded in Israel, is building AI systems based on analysis of how human and animal cortical networks process natural stimuli.   Cortica is now applying those AI methods to “teach” autonomous vehicles with unsupervised learning.

Tesla Takes a Big Drop Despite Model 3 News, While TomTom Shoots Up

A 13-percent drop in stock price this past week by Tesla (TSLA) couldn’t hold the Driverless Transportation Weekly Stock Index (D20) back as the D20 gained 1.13 points and closed at 212.39.

Tesla’s $48.39 stock price drop was caused by a variety of factors.  Telsa’s sales growth for its Model S and Model X is beginning to plateau. Its second-quarter production numbers (Model S and Model X only) declined compared to the first quarter and was blamed on a shortfall of battery packs.  The long-awaited Model 3’s planned availability date is still late in July.  All these factors have combined to take a chunk out of Tesla’s valuation.

The rest of the D20 stocks had a fine week with 14 gainers and only six losers including Tesla, pushing the Index up 0.5 percent. It beat the Dow, which gained 0.3 percent, and the S&P 500, which gained 0.1 percent to close at 2,425.18.

On news that it had joined Baidu and at least 50 others in Baidu’s Apollo Driverless project, TomTom’s (TOM2) stock price jumped 4.5 percent to close at €8.78 per share. It was the D20’s largest price-percentage gainer for the week.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Baidu, the Chinese search engine giant, has formed a partnership with over 50 auto and computing industry companies to create its Apollo autonomous driving platform.  The platform’s goal is to be to the driverless vehicle market what android is to the smart device industry: an open developer’s platform.  Some of the D20 participants include: Ford (F), Delphi (DLPH), Continental (CTTAY), Daimler (DDAIF), NVDIA (NVDA), and TomTom (TOM2).

Visteon Leads 14 Losers to Broad-Based Retreat for D20, While Up-and-Comer Careem Raises Half a Billion

After eight straight weeks of gains, 14 losers, led largely by Visteon Corporation, drove the Driverless Transportation Weekly Stock Index (D20) to take a small step back, as both the Dow Jones Industrial Average and the S&P 500 Index eked out small advances.

The largest loser was Visteon Corporation (VC), which lost 8.49 percent to land at 92.37.

In its eight-week run, the D20 climbed 15.6 percent. During that same period the Dow rose 4.0 percent and the S&P 500 advanced 4.4 percent.

With 14 stock price losers and only six gainers, the D20’s 0.6 percent lose was almost inevitable.  It ended the week down 1.33 points at 213.82.

The bright spot for the D20 was Chinese electric vehicle maker BYD (BYDDY), who announced large bus orders in the UK and Australia. BYD gained $0.74 to close up 6.2 percent at $12.64 on the U.S. OTC market.

BYD has been on a hot streak of its own.  It has had six consecutive weeks of an increasing stock price, during which time it has added 13.2 percent to its value.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

 

Up-and-Comers:

Careem, a ride service competitor of Uber’s in the Middle East, North Africa and South Asia, just closed a $500 million deal in a Series E round of financing.

This pushes the valuation of the firm, post financing, to close to $1.2 billion. Careem’s focus on a region that is well below the European and North American levels in established public transportation options and car ownership is novel. Daimler (DDAIF) was an investor in this last round with Careem as it adds to its ride service portfolio of Hailo in the UK, Taxibeat in Greece and MyTaxi in Germany.

Blackberry Wins $815 Million in Court, Prompting Stock Price Surge

Jennifer van der Kleut

Blackberry’s (BBRY) 10.6-percent stock price surge this week prevented the Driverless Transportation Weekly Stock Index (D20) from losing more than the Dow or S&P 500.

With 13 price losers and only seven price gainers, the D20 lost 0.8 percent, or 1.43 points, to close at 184.48. It was slightly better than the Dow, which lost 1 percent and the S&P 500, which lost 1.1 percent.

Blackberry was awarded $815 million in a royalty payments dispute with chip maker Qualcomm, which should help build Blackberry’s war chest as it make its transition from a mobile handset-focused hardware company to a software company.

On March 31, Blackberry announced earnings that beat industry analyst’s predictions, and many are beginning to believe that the company’s transition to software will be successful.

Blackberry’s stock price advanced $0.83 this week to close at $8.64, its highest level since December of 2015.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Luminar Technologies, Inc. announced that they raised $36 million in seed funding as they debuted their built-from-scratch LiDAR sensor package. The Portola Valley, California company has focused its efforts on building a LiDAR system that is higher-performing than the competition. By using their own designed chips, lasers and receivers they predict they will be able to “see” further and with more detail than competitors’ systems.

Peloton Technology announced that it raised $60 million in Series B funding. Peloton creates hardware and software systems that allow commercial-sized trucks to safely platoon while driving, increasing the fuel economy for all the trucks involved.

NVIDIA Leads D20 to Another Record High, Solidifies Its Place as Index’s Best-Performing Stock of 2016

Eleven price losers out of 20 stocks couldn’t hold the Driverless Transportation’s Weekly Stock Index (D20) back as it gained 1.54 points to close at a new record high of 174.12, led largely by another big gain from NVIDIA.

The D20’s 0.9-percent gain outperformed the Dow, which gained 0.4 percent to close at 19843.41 and the S&P 500, which remained virtually unchanged at 2258.07.

NVIDIA (NVDA), which rocketed 9.36 percent to close at more than $100 per share at $100.41. For a little perspective, on Feb. 12, 2016 it closed at $25.73. In 10 months, NVIDIA has grown more than 290 percent, making it by far the leading stock in the D20’s portfolio for 2016.

After being last week’s percentage price leader, Delphi (DLPH) fell back to Earth and was the D20’s percentage price loser this week.  Delphi lost 4.8 percent of its value and closed at $68.10.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Velodyne has announced plans to introduce a solid-state LiDAR design that should bring costs of the system to around $50 per car when manufactured at volume. The solid-state design allows the device to have fewer moving parts, which will in turn increase reliability and reduce the overall size.

LiDAR continues to be one of the best options for driverless car designers to use as a highly accurate and precise sensor of stationary and moving objects around the vehicle.

NVIDIA Steps Back, and the D20 Takes a Dive

Eight price gainers couldn’t undo the damage that 12 losers inflicted on The Driverless Transportation Weekly Stock Index (D20) this week.

The D20 lost 2.1 percent, falling to 163.43, as the Dow edged up 0.1 percent and the S&P 500 lost 1 percent.

NVIDIA (NVDA) took a rare large step backward this week, losing 6 percent of its value and closing at $88.45. It had to happen sooner or later, because the stock has been on a tear.  Since Oct. 14th’s close at $65.99, NVIDIA’s stock price rose to a peak of $94.16 on Nov. 25th, a 43-percent price gain in only six weeks.

Other key losers were Tesla (TSLA), which lost 7.7 percent, and Mobileye (MBLY), which dropped 6.8 percent.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

 

Up-and-Comers:

A new electric car company called Lucid Motors has announced that it will begin building its manufacturing center in Casa Grande, Arizona in 2017.  Their first car, a four-door sedan, is targeted for production in 2018.

Starship Technologies’ autonomous delivery robots have scored another partner, JustEat.  JustEat is using the small six-wheeled autonomous delivery vehicles in the Greenwich section of London to deliver take-out.

Lower Cost Estimates for Volkswagen’s Diesel-Gate Leads D20’s Second Consecutive Record-High Week

Fourteen gainers and six losers helped set a record high for the second consecutive week as the Driverless Transportation Weekly Stock Index (D20) closed up 1.2 percent at 166.90.

The Dow rose 1.5 percent to close above 19,000 at 19,152.14, while the S&P 500 gained 1.4 percent.

Volkswagen (VLKPY) was the price-percentage gainer by jumping 6.8 percent and ending the week at $26.48.  Announcements including that a smaller number of vehicles were involved than the original diesel-gate estimates suggested, and that the costs to deal with it will likely be lower, have helped the battered Volkswagen stock price rally.

Stock Market Analysts have been downgrading Continental’s (CTTAY) Stock, making it this week’s D20 price-percentage loser. Continental’s stock price dropped 3.1 percent to close at $34.82.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Self-driving car startup Nutonomy is set to begin road tests in the Seaport section of Boston before the end of 2017. It will be using its self-driving vehicle that is based on the Renault Zoe electric car.  Engineers will be riding along while testing its software systems in a urban environment.