VC-BEARISH SCENARIOLast month Visteon Corporation reported full-year earnings for FY 2022
Revenue: US$3.76b (up 35% from FY 2021).
Net income: US$124.0m (up 202% from FY 2021).
Profit margin: 3.3% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue.
EPS: US$4.41 (up from US$1.46 in FY 2021).
In a long term, the company has great fundamentals.
The revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto Components industry in the US.
On a technical point, the price reached its all-time high on Monday, but an RSI divergence occurred and a correction is expected
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VISTEON - BEARISH SCENARIOVisteon Corporation is an American global automotive electronics supplier and Fortune 500 company spun off from the Ford Motor Company in 2000. Visteon is composed of multiple businesses that design, engineer, and manufacture vehicle cockpit electronics products and connected car services
The company managed to recover more than well from the 2020 stock crash
For the past 2 years, the company brought almost 300 % return to the investors.
Near-term correction is expected after the breakout of the triangle with a price target of $ 130
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.