As the discourse around AI in Hollywood continues to intensify, Guillermo del Toro is planting his feet in opposition of the filmmaking fad.
The 8x Oscar winner recently said he would “rather die” than use generative AI in his films,…
Key events
Amanda Holden-hosted quiz The Celebrity Inner Circle just wrapping up on BBC1. There always seems to be a Strictly alumna or two among the guests and this week, it’s…
This article is republished from National Review with the permission of the author.
Fetal personhood is a controversial issue that deserves respectful debate. But the New England Journal of Medicine just published a screed by two…
It’s not even Halloween yet but country legend already doling out Xmas gifts
Like Mariah Carey, Willie Nelson is getting into the holiday spirit before even Halloween as the country legend has shared his festive new ballad…
We recently published 10 Stocks Beating Wall Street’s Bets. Garrett Motion Inc. (NASDAQ:GTX) is one of the best performers on Friday.
Garrett Motion capped Friday’s trading soaring to a new all-time high as investors continued to digest impressive earnings for the past quarter, alongside a higher growth outlook.
At intra-day trading, the stock soared to a record high of $17.05 before trimming gains to finish the day up by 13.8 percent at $16.99 apiece.
In an updated report on Thursday, Garrett Motion Inc. (NASDAQ:GTX) said it grew its net income by 48 percent to $77 million from $52 million in the same period last year, on the back of a $20 million jump in gross profit, $8 million lower interest cost, and a $2 million increase in non-operating income.
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Net sales, on the other hand, rose by 9.2 percent to $902 million from $826 million year-on-year, primarily driven by higher demand in gasoline and diesel, a favorable currency impact, and recoveries on enacted import tariffs.
Following the results, Garrett Motion Inc. (NASDAQ:GTX) raised its full-year net income projection to a range of $265 million to $295 million, versus the $233 million to $278 million previously.
Net sales projection was also upgraded to a range of $3.5 billion to $3.6 billion, versus the $3.4 billion to $3.6 billion prior.
While we acknowledge the potential of GTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
In case you missed it, there’s a fascinating object from another part of the universe visiting our neck of the woods.
Dubbed 3I-ATLAS — “three” as in the third known interstellar object from outside of our solar system — the bizarre…
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He extended his winning streak on indoor hard courts to 20 matches,…
Chemsdine Talbi struck a dramatic stoppage-time winner as Sunderland stunned Chelsea with a 2-1 victory at Stamford Bridge.
The 20-year-old Morocco international strode unmarked into the box to sweep home after Brian Brobbey had held the ball up…