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The Growing Specialty Car Equipment Industry Brings Unlimited Opportunities



Ford News

There are 225 million licensed drivers in the U.S with 85% of total adults. And they drive 278.1 million vehicles, made of 158.6 million light trucks and 119.5 million passenger cars that are on the road. The vast majority of the 278 million vehicles are less than 20 years old. Despite the fact that there is a constant flux in the ownership of cars and trucks, currently, the number of cars coming on to the road outpaces those being retired. This expanding vehicle population offers more opportunity for the aftermarket- the industry of specialty car equipment.

Future trend

Over the next few years, passenger car sales are expected to drop whereas demand for light trucks is expected to increase as the growth in CUVs is coming largely at the expense of traditional car sales. By 2025, SEMA projects that light trucks that include: pickups, SUVs, CUVs and vans, will represent 69% of all light vehicles sold. And if gas prices and the economy don’t become limiting factors, light truck sales are expected to continue outpacing passenger cars.

While accessorizing can occur anytime during a car’s lifecycle, most modifiers tend to upgrade their vehicles within the first few months of purchasing their vehicle, whether it is new or used. But vehicle preferences are changing and so is this overall landscape with 27% of drivers purchasing specialty-equipment parts each year with 34.9 million households accessorizing their vehicles also on a yearly basis.
Overall, the specialty-equipment market has been growing about 5% per year, reaching a new high of nearly $45 billion in 2018 and it is expected to continue unless prevented by a weakening macroeconomy.


Despite the increasing interest for this trend that will shape the future, electric vehicles comprise less than 1% of light vehicles on the road whereas hybrids are now the only alternative to have a notable share of registrations. So, it will take some time to change the landscape of the U.S. light vehicle fleet.

Opportunities exist across vehicle segments

Pickups remain the largest segment for the industry and besides being a versatile platform for accesorization, they are the most common segment on the road and are expected to sell well in the future. CUVs are an emerging opportunity with a lot of them on the road and their popularity growing further, and supposedly they will be accessorized similar to SUVs. But despite the growth of CUVs, full-size pickups remain the most common vehicle subtype on the road. In 2018, pickups are what drove the most sales in the specialized equipment sector.

Tops vehicles for accesorization – pickups

Based on its opportunity scores, full-size pickups top the overall list as they are the perfect platform for accessorization, both in terms of utility enhancement as well as ‘enthusiastic’ additions.

General Motors (NYSE:GM) is taking first place with its full-size pickup with 17.6 million vehicles in operation. GM is the fourth major company who left the Plastics Industry Association this year possibly due to pressuring environmental policies although they didn’t disclose the reason why they didn’t renew their membership. The company just unveiled its electric pickup with two BOLT EV batteries. Their Chevrolet E-10 Concept combines vintage style with the futuristic technology needed to achieve zero-emissions.

The second place is taken by Ford Motor Company (NYSE:F) F series pickup with 15.6 million operating vehicles. Ford has also just revealed a one-off electric Mustang for this week’s annual Specialty Equipment Market, a place where lots of futuristic prototypes are born. With just two weeks until Ford unveils its first mass-market EV, a Mustang-inspired SUV codenamed Mach E, you can imagine where Ford’s multibillion-dollar investment into electric vehicles is headed.

Third place goes to Fiat Chrysler Automobile’s (NYSE:FCAU) RAM who just got patriotic with “built to serve” editions that honor the US Military. Its pickup has 7.6 million operating vehicles on the road.

Fourth place is taken also by FCA’s Jeep Wranger (2.9 million vehicles), followed by Ford’s Mustang (2.2 million), GM’s Chevrolet Tahoe (4 million) and Camaro (1.3 million,), FCA’s Dodge Challenger (529K), GM’s Chevrolet Corvette (814K) and last but not least, Toyota Motor Corporation’s (NYSE:TM) Toyota 4Runner with 1.9 million operating vehicles.

But older cars still represent an important market for the equipment industry and there are some notable differences within their rankings as Bayerische Motoren Werke Aktiengesellschaft’s (OTC:BMWYY) BMW 3 Series with a long history of model generations appears, as well as Chevrolet’s Corvettes make an appearance on that list. Interestingly, it is BMW’s new SUV models that boosted the company’s net profit that increased 11.5 percent from a year ago to $1.72 billion in the third quarter despite increased spending on electric technology. The fact that revenues increased 7.9 percent is great news after the company was quite disrupted in the same period last year due to new emission policies that impacted costs and distorted its supply chain.

Projected sales – optimistic

GM and Ford’s market dominance in the pickup segment is expected to continue with sales of an additional 12 million trucks by 2026, followed by RAM Pickup of 3.7 million. But Toyota’s prospects are looking up with Toyota Tacoma (1.7 million) – 4th place and Toyota Tundra (769K) 6th place, with Chevrolet Colorado at 5th place (1.1 million). Newer pickups from Toyota tend to get the most attention from accessorizers, especially the mid-size Tacoma. With 3.2 million Tacomas on the road today and 2 million Tundras, it is an indication that strong market exists for specialty-equipment markets within the Toyota pickup space. On Tuesday, the company announced significant changes in its North America division, such as establishing the Manufacturing Project Innovation Center and naming new leaders to enable its manufacturing team to better respond to customers’ needs. The Japanese giant plans to invest $13 billion in its U.S. manufacturing plants by 2021.

Ford Ranger (648K) took 7th place, but the list also introduces Nissan Motor Co’s (OTC:NSANY) Frontier (506K). Nissan just unveiled its Ford Ranger Raptor rival, also as a tease for the 2019 SEMA auto exhibition. At the recent Tokyo Motor Show, Nissan executives said the company is working on hybrid technology.

Speaking of hybrid, one of the companies that will surely benefit from this light truck accesorization is Worksport that is owned by Franchise Holdings International Inc. (OTC: FNHI). The company which is one of the fastest growing manufacturers of truck bed covers in the US, just won its third U.S. Patent for innovative and affordable truck bed cover system, surely a monetizable development for the company. The patented hybrid model will be officially launched later this year. The company also launched a new website in its effort to become synonymous with the experience of driving a pick-up truck. Worksport was launched with a mission to create a brand-new market for all those truck drivers who weren’t satisfied with the available market offerings and not only did they succeed in creating that segment, but they have quite a perspective for future growth!
Bright future for pickups- even brighter for specialized equipment!

The conclusion is that consumer demand for pickups is expected to continue well in the future, so they should remain highly accessorized platforms. Yet, as large and often more expensive vehicles, trucks can be more susceptible to changes in the economy. So, in case of a weakening economy, consumers may tend to hold on to their older vehicles or switch to more economical options, but this is even better news for specialized equipment industry. But provided consumers feel confident in the current economic environment, both pickup sales and of their accessories will continue to grow. So, either way, specialized equipment for light trucks has a bright future ahead!

This article is contributed by It was written by an independently verified journalist and is not a press release. It should not be construed as investment advice.

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The Media Sector Fighting for Survival Through Streaming



Roku Streaming

Media companies produce and distribute the content we ended up consuming more than ever before when COVID-19 started its relentless march across the globe. Whether it is in the form of film, television series, music, books or radio programming, these companies provided the world with the much-needed therapy during the lockdown.

Due to intense streaming wars ran by services a la Netflix (NASDAQ:NFLX), much of the media industry’s power has been consolidated in just a few names such as Walt Disney (NYSE:DIS), Discovery (NASDAQ:DISCA), and ViacomCBS (NASDAQ:VIAC). Some have been acquired by telecom companies such as AT&T (NYSE:T), owner of WarnerMedia, and Comcast (NASDAQ:CMCSA), owner of NBCUniversal. By joining forces, they integrated quality content with powerful distribution. The competitive pressure is intense as even radio producers have turned to podcasts to capitalize on this opportunity.

Clear winners

As more people cut the cord and more advertisers shift their ad budgets away from TV towards direct-to-consumer platforms, Roku (NASDAQ:ROKU) and Amazon (NASDAQ:AMZN) are set to benefit from these trends. These two growing players will only get stronger as competition in the streaming space grows. As media companies need to stand out, this trend will directly support their long-term revenue growth.

Discovery – Olympics

Discovery (NASDAQ:DISCA) owns strong content and brands, including HGTV, the Food Network, and its namesake channel. But the main asset of the communications giant is its portfolio of sports rights that allows it to span all over the globe. Its main jewel are the Olympic Games. Over the last five years, yearly sales growth amounted to 12.20%. When it reported its latest quarter in June, earnings per share amounted to $0.77 exceeding consensus estimates by $0.07.

Netflix isn’t scared of competitors

Although Disney+ achieved a record pace of new subscribers, Netflix (NASDAQ:NFLX) remained as the largest direct-to-consumer video service in the world. As of 2013, it even started its original production to be less reliant on others for content. Despite fears, it is doing more than fine. In the last quarter reported in July, Netlix delivered a profit of $2.5 billion on increasing revenues of $6.15 billion. It blew estimates and eased concern it could be crushed by upcoming competitors with free cash flow of $1.06 billion, EBITDA at $9.77 billion, profit margins of 11.90%, ROE of 33.30% and ROA of 7.80%.

Netflix’s massive scale provides it with a lot of data it can use to improve the user experience and optimize its content production. While it fuelled its content library expansion through increased debt, the company’s growing recurring revenue and improved operating margin should lead to improved cash flow and give the streaming giant the ability to self-fund content investments in the future.


When it acquired 21st Century Fox, Walt Disney (NYSE:DIS) became one of the biggest media companies in the world. The iconic House of Mouse has a portfolio of intellectual properties that goes beyond legacy Disney Brands as it now includes Star Wars, Marvel and Pixar. Moreover, it has strong television brands such as ESPN with long-term contracts to broadcast premium sporting events. Its push into direct-to-consumer streaming has gone well since it acquired operational control of Hulu and launched its streaming star, Disney+. Both are bolstered by its acquisition of BAMTech, a streaming technology provider. Although its theme-park and cruise business slumped during the pandemic, streaming was a rare bright spot. Unfortunately, it will take a while before this segment reaches profitability. Theme parks produce a much higher operating margin and therefore, play a much significant role in company’s performance which was nearly wiped out.

But, its fiscal fourth quarter is about to end and with it, this brutal fiscal year. The figures won’t be pretty but there should be an improvement over the vicious 42% decline in revenue that it posted for its fiscal third quarter. After all, the current quarter is the period when theme parks reopened, sports programming returned to ESPN, and movie theaters started opening their doors. Fiscal 2021 can’t start soon enough for Disney.


ViacomCBS (NASDAQ:VIAC) ensures a broad distribution and large audiences as its cable networks are well diversified across audience demographics. After all, it operates one of the four broadcast networks in the U.S. which has its perks. Although the company had many  carriage disputes with distributors, adding the CBS broadcast network should strengthen its negotiating power. Meanwhile, joining CBS and Paramount should result in sufficient content to feed its own networks, including direct-to-consumer services. During its second quarter, VIAC showed it was able to absorb the blow to its advertising business by reporting a profit of $2.79 billion with revenues increasing to $6.28 billion. With free cash flow of $1.02 billion from June, EBITDA at $1.41 billion which compares well with its peers, ViacomCBS Inc has strong fundamentals that helped it deal with a 27% drop in advertising and lack of sports. With a market cap of $18.15 billion, it is increasing its credibility in this sector as its digital revenue jumped 25%, boosted by a 52% increase in streaming subscription revenue.


The COVID-19 pandemic was double trouble for pay-TV industry because advertisers reduced their budgets and consumers started cancelling subscriptions as sport events and TV series productions were delayed or annuled. eMarketer forecasted that around 6.6 million U.S. households will cut the cord in 2020 with ad spending dropping 15%, forcing media companies to focus on direct-to-consumer content. As more consumers cut the cord and advertisers move to digital platforms, streaming players are set to thrive. Moreover, Roku is well-positioned to benefit from them all.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure . IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact:

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Nike Just Did It




The sports apparel titan announced its fiscal first quarter last week. Nike (NYSE: NKE) had one big questions to answer as investors were waiting to see progress towards a return to growth. Nike delivered.

But the biggest concern is Nike’s future price-sensitive environment this holiday season. The big picture trend is not favorable for retail. But let’s see the micro trends Nike confirmed with its latest report.


Nike’s previous quarter saw the worst impact from pandemic-induced closures. Metrics were brutal as sales plummeted 38%.  If we were to look at the recent results of its competitor Lululemon Athletica (NASDAQ: LULU), its physical sales halved in July, but this drop was partially offset by booming digital sales.

Over the last 2 years, Nike has constantly beaten revenue estimates. It has even beaten EPS estimates 88% of the time. This time, it crushed both earnings and revenue estimates, causing its stock to jump 12%. Revenue easily exceeded the $9.11 billion estimate as it amounted to $10.59 billion. The boost in revenue largely came from 82% growth in online sales. Moreover, top lines made their way to bottom as earnings per share were more than twice the expectation of $0.46 as they amounted to $0.95.


Fortunately for Nike, its efficient supply chain and premium consumers helped it avoid massive inventory writedown charges due to stale merchandise that Walmart (NYSE: WMT) and TJX Companies (NYSE: TJX) underwent earlier this year.

Uncertain environment – sharp recession

Despite leading the way through the pandemic, Nike will have to face an uncertain macro-environment just like every other retailer. The calendar has been redefined this year with an everything-but-ordinary back-to-school season. Demand is being hampered by sharp recession, continued COVID-19 outbreak, fear of a second lockdown as well as reduced government fiscal support spending. However, unlike its peers which refrained from giving any form of outlook due to the pandemic, Nike issued fiscal 2021 guidance of high single-digit to low double-digit revenue growth from the year-ago period.


Over the last three months, Nike’s stock went up 18%. Like all other apparel and shoe sellers, Nike has been impacted by the coronavirus pandemic. Yet, analysts believe Nike has what it takes to continue being a winner. After all, it took control of its own destiny by pulling its products from nine multi-branded wholesale accounts such as the almighty Amazon (NASDAQ: AMZN) and focusing on its own direct-to-consumer offerings. With its latest earnings report, analysts expect to see progress ahead of plan, ongoing digital transformation, and business evolution to a higher margin, higher return model. Thanks to its hyper-digital strategy, Nike is one of the few firms uniquely positioned to weather retail turbulence. The bottom line is that despite a short-term disruption,  Nike is poised for long-term dominance because it is strong in the places that matter most.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure . IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact:

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Four Shining Solar Stars



Alternative Solar Stocks

According to Solar Industry Magazine, solar accounted for 37% all new electric generating capacity added in the U.S. in the first half of the year, led by Texas and Florida. Wood Mackenzie forecasts 37% annual growth this year. This is a 6% decrease from pre-pandemic forecasts. From 2021-2025, the U.S. solar market is expected to see a 42% increase in installations compared to the prior five years.

The demand is expected to accelerate as the global economy recovers. These four shinning stars are well positioned to benefit from that momentum.

JinkoSolar delivered a solid quarter

On September 23, JinkoSolar Holding Co Ltd (NYSE:JKS) has reported solid second quarter results from April to June. Shanghai-based solar manufacturer delivered a profit of $47 million as it shipped 4.46 GW of modules covering 91 countries and resulting in a turnover of $1.2 billion. It expects to move 20 GW of panels this year as supply and demand have restabilized to keep sales going until the fourth quarter. Gross margin expanded from 16.5% in the same quarter last year to 17.9%. The year-over-year increase was a direct result from increase in self-produced production volume and an integrated high-efficiency-products capacity and optimisation of cost structure.

At the beginning of this unprecedented year,  the pandemic caused a shortage of supply in the Chinese market, increasing supply chain prices. Fortunately, prices have stabilized and JinkoSolar expected for strong market demand to continue until the end of the year.

SPI Energy is entering the EV playfield

SPI Energy CO Ltd (NASDAQ:SPI) soared 54% in premarket trading, but that is nothing compared to the prior session’s 1,200% rocket ride. The company that offers photovoltaic solutions for business, residential, government and utility customers, said it was starting an electric-vehicle subsidiary that will compete with Nikola (NASDAQ: NKLA) and Tesla (NASDAQ: TSLA).

Sunworks also had a crazy ride

Meanwhile, shares of Sunworks Inc. (NASDAQ:SUNW) which is in the same photovoltaic model, skyrocketed 353% during Thursday’s premarket hours. They already climbed 50.4% on Wednesday, but ended up rallying more than 500 percent on Thursday, setting a new yearly high. Although it has nothing to do with electric vehicles, SPI Energy was an energy company very similar to Sunworks,  so this is what could have excited investors and short-term traders.

Daqo – impressive earnings growth

Daqo New Energy Corp (NYSE: DQ) has an average Strong Buy rating from Wall Street with good reason. Over the past 12 months, the stock has risen 164%. Also pleasing for shareholders is that the stock is up over 70% over the last three months. If we look at ROE to assess how efficiently a company’s management is utilizing the company’s capital, given that Daqo New Energy doesn’t pay any dividend, it is to be assumed that the company has been reinvesting all of its profits to grow its business. But despite the low rate of return, this enabled the company to post impressive earnings growth. With that said, the latest industry analyst forecasts reveal that the company’s earnings are expected to accelerate.

As for the savvy investors who held on to Daqo shares for the last five years, they ended up gaining 642% which certainly justified their investment.


Overall, the combined shipment volumes of the top five solar module manufacturers are expected to account for 65% to 70% of the industry for the year as major players have been consolidating. Experts project that the whole Solar Energy Storage market is to grow at a CAGR of 43.92% between 2020 and 2023. Pandemic or no pandemic, the future of solar is bright.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure . IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact:

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