fca runs to Piazza Affari and leads the Ftse Mib with an increase close to 3% at 11 on Wednesday morning. The purchases of the title were driven by the data on US registrations that arrived on Tuesday evening, registrations that indicate a 2% growth equivalent to the second consecutive increase after three months of decline. It should be remembered that American registrations represent approximately 50% of the group's volumes.
A positive sign, which comes after the 11,21% drop in sales in Italy (11,95% in the first half). At the moment, FCA is up 2,5% to 12,61 euros per share, close to the highs of the day and values not seen since May. Approximately 2,8 million shares change hands, against the daily average of 11,9 in the last thirty sessions.
Le US sales were driven by the Ram brand (+45%, thanks to the new pick-up that grew by 56%), while the other brands recorded declines. "For FCA the mix effect is favorable as RAM is among the most profitable products", wrote the Equita analysts, recalling the importance of North America for the group and underlining that "the trend in NAFTA is essential for achieving of the guidance for 2019 because it generates 90% of the group's EBIT”.
It's not just FCA running on the stock market. Among the brands of the Agnelli stable. Elkann, shine Ferrari, supported by the good performance of the luxury sector, which gained approximately 1,2% to 147,8 euros per share after rising to 148,5 euros, updating the all-time high for the third consecutive day. Since the beginning of the year, Cavallino has gained almost 70%, the best performance among the blue chips after that of Azimut (+72%) writes Radiocor.
Up too Cnh Industrial (+1,03%), on the day in which the managing director Hubertus Muhlhauser explained that Iveco, the Chn Industrial brand dedicated to industrial vehicles, has decided to focus on natural gas mobility for the new lines of heavy vehicles. "LNG/CNG engines (liquefied natural gas and compressed natural gas) for Iveco represent one of the mega trends on which the business plan that will be presented on 3 September will focus," Equita analysts said.
