Mike Sonnenberg
Mike Sonnenberg currently covers autos, industrials, and ride-sharing companies at Market Realist. Mike has been working with Market Realist since 2014 as has covered various industries, economies, and asset classes over the years.
Prior to joining Market Realist, Mike worked with India's biggest credit rating agency, handling end-to-end rating process for corporate clients.
Mike is an avid traveler and has lived in five different countries in Asia. Mike believes that travelling has helped him be a better analyst.
Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
More From Mike Sonnenberg
Tesla Stock Downgraded: Is the Party Over?
The party was just starting. Analysts were only just warming up to Tesla stock’s prospects. On January 8, it was up over 17% since the turn of the decade.
Boeing, Buffett, and Billions: Is the Moat Intact?
Yesterday, Boeing rose 0.41% on rumors that Warren Buffett might buy into the beleaguered plane maker. At 10:27 AM today, it was up about 1% at $334.62.
Will Elon Musk’s Tesla Keep the Party Going in China?
Elon Musk danced yesterday at Tesla’s Model 3 event in China. The surge in Tesla’s stock price in recent months has set the stage for such celebration.
Dan Levy Raises Tesla Stock Outlook, Still Expects a Fall
Tesla (TSLA) stock ended 2019 on a high note, and 2020 has started out well too. Today, it was up 1.6% at 10:44 AM ET. Let’s talk about why.
New Glitches Emerge in Grounded Boeing 737 Max 8
Boeing is still struggling to get its 737 Max 8s flying again. Aside from the software problem, there’s a wiring issue that could delay its return.
2019 Went to Airbus—Can Boeing Catch Up in 2020?
It’s no surprise that Airbus beat Boeing in 2019 deliveries. Last year, the European aircraft maker’s deliveries rose 8% year-over-year to 863 planes.
Ford Stock Gets a Downgrade—Is There Limited Upside?
Ford stock got a jolt today. Evercore ISI downgraded the stock to “underperform” from the earlier rating of “in-line.” In 2019, the stock gained 21.6%.
Ford Mach-E Sold Out – Should Tesla be Worried?
Yesterday, Ford announced that the registrations for the high-end version of its first all EV (electric vehicle), Mustang Mach-E, are full.
NIO Stock Soars on Q3 Earnings Beat, Tesla Stock Down
Despite expectations, NIO stock is up over 40% today following a Q3 earnings beat while Tesla stock is down. Find out why here.
Volkswagen Pushes for 1 Million EVs by 2023
We’re still trying to digest the news about Tesla buying land for Gigafactory 4 in Volkswagen’s backyard. Volkswagen just accelerated its EV plans.
Will Tesla Stock have a better 2020 than 2019?
Tesla stock (TSLA) is set to close 2019 on a good note. Yesterday, the stock dropped marginally to close at $430.38. However, 2019 wasn’t so great.
Boeing-Embraer Deal on EU Radar: Is Trump to Blame?
Boeing and Embraer are pushing for a joint venture. In a $4.2 billion deal, Boeing is to buy 80% of Embraer’s commercial aircraft division.
Why NIO’s Q3 Earnings Might Make Tesla Happy
NIO (NIO), once touted as China’s Tesla (TSLA), is scheduled to release its third-quarter earnings on December 30. Yesterday, NIO ADRs fell 0.8%.
Tesla Stock Gets a $100 Christmas Gift from Wedbush
Tesla stock (TSLA) is strong and trading at an all-time high. It seems like everything Elon Musk touches is turning into gold these days.
Will Dennis Muilenberg’s Exit Fix Boeing’s Troubles?
Nobody really thought that Dennis Muilenberg would keep his job as Boeing’s CEO for long. He was asked to resign during Congressional testimony.
Fresh Documents Are Calhoun’s First Challenge at Boeing
Boeing waited to let go of CEO Dennis Muilenberg before turning over fresh documents related to its grounded 737 MAX 8 to US lawmakers!
Tesla Secures $1.4 Billion Loan for China Gigafactory
Yesterday, Reuters reported that Tesla had secured a $1.4 billion loan from several Chinese banks for the building of its Gigafactory 3 near Shanghai.
Tesla Prepares for Gigafactory Opening in Germany
Tesla drafted a contract to buy 3 million square meters of land near Berlin. Last month, Tesla revealed its plans to build a Gigafactory in Germany.
Will Boeing’s Starliner Failure Make Stock Worse in 2020?
Boeing’s Starliner Spacecraft landed back on earth at 7:58 AM ET. Boeing built the Starliner to carry astronauts to space.
Tesla Stock Hits Record High, NIO Ends in the Red
Tesla stock (TSLA) hit an all-time high on Thursday with a 2.77% gain. The stock closed at just over $404. NIO stock (NIO) lost 0.38% on the same day.
After Trump’s Call, Will Boeing’s CEO Step Down?
Yesterday, the New York Times reported that President Trump had called Boeing’s CEO a day before it announced the 737 MAX 8 production halt.
CBO: Auto Tariffs under USMCA Could Hit $3 Billion
Under USMCA, automakers would have to source 75% of content regionally to avoid tariffs. Under NAFTA, this requirement was 62.5%.
Fiat Chrysler–PSA Merger: Should Peers Be Worried?
Fiat Chrysler and France’s PSA agreed to proceed with their merger. The merged entity would have annual revenues of almost $190 billion.
Jim Cramer Wants You to Choose Tesla over Ford
Yesterday, CNBC Mad Money host Jim Cramer said during the show’s lightning round, “I don’t want you to own Ford, I want you to own the stock of Tesla.”
What the Boeing 737 MAX 8 Production Halt Means
Yesterday, Boeing announced that it would halt the production of the troubled Boeing 737 MAX 8 aircraft starting next month.
What Boosted Tesla Stock Yesterday?
Tesla stock (TSLA) had a great start this week. On Monday, the stock rose 6.45% to $381.5, which marked its two-year high.
After China Suspends Auto Tariffs, Should Detroit Rejoice?
The S&P 500, Nasdaq, and DJIA hit their highs today. The trade waters seem calmer, with China suspending tariffs on US goods, including auto tariffs.
Will Tesla and GM Get an EV Tax Credit Extension?
Tesla and General Motors are lobbying for the extension of the EV tax credit. With some GOP opposition, it may not be a done deal.
Ford Issues Recall for Over Half a Million Super Duty Trucks
Ford Motor Company (F) said it was recalling over half a million Super Duty trucks due to a safety issue. Will the recall affect the F-150’s momentum?
3M Stock in the Red Even after Drug Delivery Divestment
Yesterday, 3M stock closed lower despite the company announcing it was selling most of its drug delivery segment to Altaris Capital Partners LLP.
GE Stock Upgraded by UBS with a ‘Buy,’ $14 Price Target
Markus Mittermaier, a new analyst at UBS, gave GE stock a “buy” rating yesterday. Previously, UBS offered a “neutral” rating on the stock.
Tesla Wants Chinese Customers to Buy Model 3 Locally
Yesterday, Reuters said that Tesla might increase imported Model 3 prices in China. The increase might push Chinese customers to buy the cars locally.
FAA Dashes Hopes for a Boeing 737 MAX Return in 2019
FAA chief Steve Dickson squashed the hopes for a 2019 return for the grounded Boeing 737 Max 8. Boeing hoped to complete its recertification this month.
China Auto Sales Fell in November, No Surprises
China’s auto sales fell 3.6% in November, which marked a decline for the 17th consecutive month. China is the world’s biggest auto market.
Boeing’s Deliveries Were 30% of Airbus’s in November
Today, Boeing reported its orders and delivery numbers for November. In the month, it shipped 24 planes, half of which were 787 Dreamliners.
Is Tesla’s ATV a Strategy to Sell the Cybertruck?
On Saturday, Elon Musk tweeted about the Tesla (TSLA) all-terrain vehicle, the Cyberquad. The electric ATV is to fit into the Tesla Cybertruck.
Citi Downgrades 3M Stock—Cold Christmas Ahead?
3M stock was downgraded today by a Citi analyst from “buy” to “neutral.” The stock has been under pressure with a loss of over 10% year-to-date. Here’s why.
Boeing 737 NG: FAA Fine Might Drive Customers Away
The FAA said that Boeing knowingly certified 133 units of its 737 NG aircraft even though they were installed with faulty parts.
Boeing 777X versus Airbus A350: War Heats Up
Lately, the Boeing 777X (BA) has made headlines for the wrong reasons. Airbus might be winning the war against Boeing on more than one battlefield.
Will Slack’s Q3 Earnings Boost Its Troubled Stock?
Slack is set to release its fiscal 2020 third-quarter earnings results tomorrow after the market closes. This is only the company’s second earnings release.
3M Stock: Could December Redeem Its Year?
3M stock has lost 11.7% in 2019, lagging the S&P 500’s 24.2% YTD gains. While the S&P 500 is close to its all-time-high, 3M is closer to its 52-week low.
Boeing’s Best Month Since the MAX Crisis: Time to Sell?
Boeing just had its best month since the 737 MAX grounding began. While a rise of 7.37% might have been more appropriate, the stock rose 7.73% in November.
Uber Has an India Problem—and It’s Not Just Ola
India is one of the biggest markets for Uber. While Uber has exited China and Southeast Asia, it’s battling with Ola for market share in India.
Daimler Will Cut Thousands of Jobs: Blame It on Tesla!
Today, Daimler announced that it’s looking to cut over 10,000 jobs in order to save $1.5 billion or 1.4 billion euros in employee costs by 2022.
Boeing 777X: More Delays, New Test Details Emerge
On Wednesday, The Seattle Times reported new details about the Boeing 777X stress test in September. The results could delay the 777X’s first flight.
Will Ford, GM Pay for Trump’s Signing of Hong Kong Act?
Yesterday, President Trump signed off on the Hong Kong Human Rights and Democracy Act. What does it mean for automakers such as Ford and GM in China?
Will November Auto Sales Boost F, GM, FCAU Stocks?
US auto sales could rise by 4% in November. Higher incentives during the Thanksgiving weekend will be a key growth driver of US auto sales.
Boeing 797: Which Airlines Want It and Why?
For Boeing, most of 2019 has been about the 737 MAX. It’s curbed the decision about whether to build its 797 model until the 737 MAX crisis is resolved.
Elizabeth Warren Targets WeWork’s Layoffs and CEO
Last week, CNBC said that WeWork (WE) is firing 2,400 people. Supposedly, this will “create a more efficient organization.”
Will the New GE CFO Achieve Larry Culp’s Goals?
Today, GE announced that Carolina Dybeck Happe will take charge as chief financial officer or CFO at GE, replacing from Jamie Miller early next year.
Can Uber Win the 21-Day London License Race?
In a big blow to Uber (UBER), TfL (Transport for London) said that it won’t grant a fresh private taxi license to the ride-sharing company.
Ugly or Not, Tesla Cybertruck Got Almost 200,000 Orders
On November 22, Tesla launched its first fully electric pickup truck—Tesla Cybertruck. The market didn’t seem too excited about the “cutting edge” design.
Uber Stock: CEO Buys, 25 of 38 Analysts Recommend It
Uber stock, which lost 15% in the first half of the month, gained 9% in the last three trading sessions, adding over $3.5 billion in investor wealth.
WeDon’tWork? Softbank’s WeWork Lays Off 2,400
It was inevitable. Today, CNBC said that WeWork is laying off 2,400 people to “create a more efficient organization.”
Will Boeing 787’s Resurgence Help GE Win Big?
In a big break for Boeing (BA), Emirates has decided to order 30 787-9 Dreamliners as part of its revamp. The order is valued at about $9 billion.
GE Stock: Has the Market Overpriced Culp’s Charisma?
GE stock has been on the rise since its third-quarter earnings results on October 30. Between October 30 and November 19, the stock gained 26.8%.
Auto Tariffs: Did Trump Make a Deadline Blunder?
Last week, the deadline for President Trump’s auto tariffs on European and Japanese cars arrived without a decision. What does this mean for the industry?
Trump versus California: GM, TM, FCAU to Pay the Price
Last week, the fight between President Donald Trump and California over emission norms took a turn when the state laid out a new policy.
If WeWork Tries to Forget Its Past, Will the SEC Let It?
The SEC is inquiring about the possibility of WeWork’s non-compliance with SEC rules. There are enough red flags here to demand investors’ attention.
US Economy: Autos Aren’t All That’s Dragging It Down
The Fed has released industrial production and capacity utilization data for October. Economic output fell 80 basis points, the largest fall in 17 months.
Credit Suisse Warns of Ford Mach-E Threat to Tesla
Ford (F) is launching its Mach-E on Sunday. The vehicle would be available for deliveries in 2020 and is Ford’s first all-electric car.
Auto Tariffs: Will a Delay by Trump Revive the Industry?
In May, President Trump announced auto tariffs on EU- and Japan-made vehicles. The tariffs were scheduled to come into effect today.
IS GE Stock Overvalued after Post-Earnings Bounce?
General Electric stock (GE) has been having a great time since the company’s Q3 earnings, but are analysts overvaluing GE?
Could Boeing Benefit from Latin America’s Jet Demand?
Boeing expects that Latin America could need 2,960 new planes by 2038. In Brazil’s improving economy, low-cost carriers drive passenger growth.
Rockwell Automation Beats Wall Street on Q4 Earnings
Rockwell Automation (ROK) released its Q4 and fiscal 2019 results today. ROK reported $6.7 billion in fiscal 2019 revenues, beating expectations by 1.1%.
Uber Stock Rises Even as Kalanick Sells Shares
Yesterday, Uber (UBER) co-founder Travis Kalanick sold about 20 million UBER shares, raking in over half a billion dollars.
BYND Leads Alt-Meat Market, Faces New Competitors
On Friday, investment bank UBS started coverage on Beyond Meat Stock (BYND). At 10:08 AM ET today, the stock was trading 4.4% lower at $76.5.
Boeing: First the 737 MAX, Now More Problems
While Boeing stock has recovered 4.2% this month thanks to assertions of the 737 MAX’s comeback, it has fallen 16.2% since March 10.
Softbank Earnings and Uber: Will Masa Sell Uber Stock?
Japanese conglomerate Softbank (SFTBY) released its Q2 earnings today, and the results took a big hit from Uber and WeWork.
Tesla Model 3 NYC Taxi Worries Uber and Lyft
Last week, Electrek reported that Tesla Model 3 (TSLA) became the first-ever electric vehicle to get approval to run as a taxi on New York City roads.
Will Uber Stock Fall to $25 on Earnings and Lockup Expiry?
Uber released its 3Q earnings yesterday after market hours. The company’s revenues rose 30% during the quarter. However, Uber stock still got hammered.
Uber Stock: 3Q Earnings Today, Lockup Expires on Wednesday
While the market seems to be positive today with S&P 500 (SPY) opening at a record high, investors in Uber stock (UBER) are anxious.
Could the Ford Mach-E Crash Tesla’s Party?
The battle for electric vehicle market dominance is finally getting interesting. The Ford Mach-E’s unveiling is scheduled for next weekend, on November 17.
The Boeing 737 Curse: Qantas Grounds Three 737NGs
Australia’s Qantas Airways has completed the inspection of its 33 Boeing 737NG (Next Generation) planes and has grounded three of them.
Will Fiat Trump GM and Ford by Buying Tesla Tech?
On October 31, Fiat Chrysler Automobiles (FCAU) reported its third-quarter earnings results. The company’s revenue fell 1% during the quarter.
Fiat Chrysler Stock Up on Merger News: Time to Buy?
After confirming the news of merger talks yesterday, Fiat Chrysler Automobiles and France’s PSA announced plans to merge today.
Lyft Posted Strong Earnings: Will Uber Stock Take a Ride?
Lyft stock, which gained 0.98% on Wednesday, rose 3.54% in pre-market today at 8:00 AM ET. Uber stock rode on Lyft’s earnings wave and rose 0.74%.
Could Earnings and Culp Continue to Boost GE Stock?
The third quarter was tough for multinational conglomerate General Electric (GE). Between July 1 and September 30, GE stock lost 15% of its value.
Fiat Chrysler and PSA Confirm Merger Talks
It seems Fiat Chrysler may have a French connection. Fiat and France’s PSA separately announced today that they were in merger talks.
Is Beyond Meat Stock Losing Its Muscles after 3Q Earnings?
On Tuesday, Beyond Meat stock opened more than 20% lower and ended the day 1 cent below $82, which translates to a 22.2% decline in a single day.
GE Earnings: Positive Surprise, Higher Guidance, Stock Surges
GE’s earnings boosted its stock in the pre-market. At 7:19 AM ET, the stock rose 5.1%. The incremental progress is seen as an endorsement to CEO Larry Culp.
Could Lyft’s Earnings Results Lift Its Stock?
Lyft (LYFT) is set to report its third-quarter earnings results after markets close tomorrow. Here’s what investors should watch for.
GE’s Earnings: Will Culp’s Company Surprise Analysts?
GE plans to report its Q3 earnings tomorrow before the market opens. The market will be watching for signs of transformation under CEO Larry Culp.
Boeing CEO Owns 737 MAX Mistakes on Capitol Hill
Boeing (BA) CEO Dennis Muilenberg is visiting Capitol Hill today to testify before the US Senate Committee on Commerce, Science, and Transportation.
JetBlue Up, Alaska Air Down after JPM Rating Change
Today, JPMorgan Chase analyst Jamie Baker upgraded JetBlue (JBLU) stock to “overweight” from “neutral.” JPM also downgraded Alaska Air (ALK).
Jim Cramer Bullish on Honeywell, Weighs In on Spin-Offs
On Friday, Jim Cramer said Honeywell was “a very smart company” for spinning off Garrett Motion (GTX) and Resideo Technology (REZI).
Will Beyond Meat’s Q3 Earnings Surpass Expectations?
Plant-based food producer Beyond Meat (BYND) is set to release its third-quarter earnings results on October 29. Wall Street will be watching closely.
3M Earnings: Q3 Revenue Miss, Lower 2019 Guidance
Industrials bellwether 3M (MMM) reported its Q3 earnings today—missing its revenue game and lowering its 2019 aim. CEO Mike Roman weighed in.
Cramer Weighs In on Boeing and Caterpillar Earnings
Yesterday, CNBC’s ‘Mad Money’ host, Jim Cramer, weighed in on Caterpillar and Boeing third-quarter earnings and the stock market reaction.
Caterpillar: Lower Q3 Results, Earnings Guidance Fell
Caterpillar reported its third-quarter earnings today. The company’s revenues fell to $12.8 billion—a 6% fall compared to the same quarter in 2018.
Boeing in Q3: EPS Falls, 737 MAX Return Reaffirmed
Boeing reported its third-quarter earnings results on October 23. Its revenue met analysts’ expectations, but its EPS from core operations dropped.
Slack Tumbles to a New Low despite Key Update
On October 22, Slack stock fell 6.9% to end the trading day at $21.03. On the day, the stock hit its all-time low of $20.93 and then recovered slightly.
Hasbro Stock Falls Due to Earnings Miss, Mattel Follows
Hasbro released its third-quarter earnings today. While the revenues rose marginally during the quarter to $1.58 billion, the results disappointed analysts.
Lockheed Beats Q3 Estimates, Falls on 2020 Guidance
Lockheed Martin released its third-quarter earnings results today. The company reported revenue of $15.2 billion in the quarter, a 6% year-over-year rise.
WeWork: Hello Softbank, Goodbye JPM and Neumann?
A few hours ago, Reuters reported that WeWork’s board would meet today to discuss financing proposals from Softbank and JPMorgan Chase.
Earnings Preview: Boeing, Caterpillar, 3M, GE, and More
Honeywell kicked off industrials earnings season, beating estimates. With Boeing, Caterpillar, 3M, GE, and more reporting soon, here’s what to expect.
Boeing Disappoints FAA, Stock Gets Downgraded
The 737 MAX crisis might be the biggest issue in Boeing’s history. The company took a $4.9 billion charge in the second quarter related to the grounding.
Could Boeing Win China’s Market after the Trade Deal?
Last Friday, the Trump administration announced a US-China deal in which China is to buy $16 billion–$20 billion in Boeing planes.
Boeing CEO Loses Board Position amid 737 MAX Crisis
The Boeing 737 MAX 8 crisis has cost a lot for everyone. Most recently, CEO Dennis Muilenburg lost his job as chair of the company’s board.
Trump Reignited Trade Deal Hopes, Dow Futures Rose
On Thursday, US and Chinese negotiators wrapped up the first day of trade deal talks in Washington DC. President Trump was optimistic about the talks.