Honda Motor Company Ltd. ($HMC) Stock Forecast: Down 5.1% Today

What is Honda Motor Company Ltd.?

Honda Motor Co., Ltd. (HMC) is a multinational conglomerate known for its automobiles, motorcycles, and power equipment. The company has a strong presence in the global automotive market.

Why is Honda Motor Company Ltd. going down?

HMC stock is down 5.1% on Aug 8, 2024 13:45

• The bearish movement in HMC stock today could be attributed to profit-taking by investors after a recent bullish run.
• Honda and Yamaha reaching an agreement on OEM supply of electric motorcycle models might have raised concerns among investors about potential competition and market share implications for Honda.
• Despite a 23% increase in Q1 profit, the overall market sentiment, as seen in the decline of Asian shares after Wall Street's fall, could have influenced the bearish movement in HMC stock.
• Anticipation and road testing of the new Honda Amaze model could have also led to uncertainty among investors about the company's future performance and market reception of the upcoming vehicle.

HMC Price Chart

HMC News

Next-gen Honda Amaze spied in India for the first time ahead of debut

Ahead of the new Amaze’s global release, Honda has started road testing the vehicle. The first-ever glimpse of the new Amaze is anticipated to occur before the end of this year, with delivery most likely to start in January 2025. The spy photos have disclosed some information about the next version of the Honda small […]

https://www.businessupturn.com/sectors/auto/next-gen-honda-amaze-spied-in-india-for-the-first-time-ahead-of-debut/

Honda and Yamaha Reach Agreement on OEM Supply of Electric Motorcycle Models in the Class-1 Category

https://www.investing.com/news/press-releases/honda-and-yamaha-reach-agreement-on-oem-supply-of-electric-motorcycle-models-in-the-class1-category-93CH-3561335

https://www.investing.com/news/press-releases/honda-and-yamaha-reach-agreement-on-oem-supply-of-electric-motorcycle-models-in-the-class1-category-93CH-3561335

Honda Motor Co, Ltd: Honda and Yamaha Reach Agreement on OEM Supply of Electric Motorcycle Models in the Class-1 Category

TOKYO, Aug 8, 2024 - (JCN Newswire) - Honda Motor Co., Ltd. (Honda) and Yamaha Motor Co., Ltd. (Yamaha) today announced that they have reached an agreement for Honda to supply Yamaha with electric …

https://www.finanznachrichten.de/nachrichten-2024-08/62942869-honda-motor-co-ltd-honda-and-yamaha-reach-agreement-on-oem-supply-of-electric-motorcycle-models-in-the-class-1-category-011.htm

Asian shares slip after decline on Wall Street led by falling tech stocks

TOKYO (AP) — Asian shares dropped early Thursday morning trading after declines on Wall Street, as the gyrations that recently slammed global markets haunted investors. Japan’s benchmark Nikkei 225 fell as much as 2.4% in early morning trading, to 34,264.75. Australia’s S&P/ASX 200 shed 0.6% to 7,652.70. South Korea’s Kospi dropped 1.8% to 2,523.52. Hong Kong’s Hang Seng dropped 1.1% to 16,694.63. The future for the S&P 500 was down 0.2% and that for the Dow Jones Industrial Average edged 0.1% lower. Although Wall Street slumped on Wednesday, the decline wasn’t as bad as the manic moves that earlier wracked worldwide markets. European markets logged strong gains. Japanese officials moved Wednesday to calm concerns over potential rate hikes after an increase in its key rate contributed to the heavy selling on Monday, when the Nikkei suffered its worst percentage loss since 1987. The Japanese yen was relatively stable after big gains in its value against the U.S. dollar that led investors to dump shares on Friday and Monday.

https://wnyt.com/us-news/asian-shares-slip-after-decline-on-wall-street-led-by-falling-tech-stocks/

Honda Reports 23% Increase in Q1 Profit, Boosted by Hybrid Vehicle Sales

Honda Motor Co. reported a 23% increase in first-quarter profit, driven by robust hybrid vehicle sales in the U.S. and Japan, coupled with a favourable exchange rate. The company’s operating profit for the April-June period reached 484.7 billion yen ($3.3 billion), surpassing analyst expectations.

https://www.news9live.com/auto/honda-reports-23-increase-in-q1-profit-boosted-by-hybrid-vehicle-sales-2648115

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Honda Motor Company Ltd. Price History

10.04.2024 - HMC Stock was down 0.6%

• Despite reporting a booming profit and a significant increase in operating profit, the market movement for HMC today was bearish.
• The bearish movement could be attributed to the company's less optimistic forecast for the upcoming fiscal year, with a predicted decline in profit due to increased research and development spending.
• Investors might be concerned about the potential impact of the projected profit decrease and the company's cautious outlook on future earnings, leading to a sell-off of HMC shares despite the positive financial results reported.
• The market might also be reacting to broader economic factors or industry trends that could be influencing investor sentiment towards automotive companies, contributing to the bearish movement of HMC stock.

16.03.2024 - HMC Stock was down 2.1%

• The announcement of Honda's new Ye Series of electric vehicles exclusively for the Chinese market could have led to a bearish sentiment among investors.
• Despite the positive news of expanding their electric vehicle lineup in China with 10 new models by 2027, the market may have reacted negatively due to concerns about potential challenges or competition in the Chinese EV market.
• The focus on the Chinese market for Honda's EV expansion might have raised questions about their strategy in other key markets, leading to a bearish trend in the stock price.

07.07.2024 - HMC Stock was up 5.1%

• Reported a 23% increase in operating profit for Q1, surpassing market expectations, which likely influenced the bullish stock movement.
• Strong sales of hybrid vehicles in Japan and the U.S., and motorcycles in emerging markets like India and Brazil, have boosted earnings, highlighting the company's diverse product line and global reach.
• Maintained leadership in key markets despite competition in the two-wheeler segment, showcasing resilience and brand strength.
• Solid financial performance and effective product strategies have bolstered investor confidence, leading to an uptick in the stock price during today's trading session.

08.07.2024 - HMC Stock was down 5.1%

• The bearish movement in HMC stock today could be attributed to profit-taking by investors after a recent bullish run.
• Honda and Yamaha reaching an agreement on OEM supply of electric motorcycle models might have raised concerns among investors about potential competition and market share implications for Honda.
• Despite a 23% increase in Q1 profit, the overall market sentiment, as seen in the decline of Asian shares after Wall Street's fall, could have influenced the bearish movement in HMC stock.
• Anticipation and road testing of the new Honda Amaze model could have also led to uncertainty among investors about the company's future performance and market reception of the upcoming vehicle.