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Standard Motor Products Reports Q4 EPS of $0.11 vs. $0.03
Thursday, March 3, 2011 - 9:55am | 182Standard Motor Products, Inc. (NYSE: SMP) reported today its consolidated financial results for the three months and for the year ended December 31, 2010. Consolidated net sales for the fourth quarter of 2010 were $173 million, compared to consolidated net sales of $160.1 million...
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Benzinga's Top Pre-Market NASDAQ Losers (FSYS, ROIAK, SIMG, YRCW)
Thursday, March 3, 2011 - 9:26am | 162Fuel Systems Solutions Inc (NASDAQ: FSYS) dipped 9.89% to $25.05 in the pre-market session. FSYS reported downbeat Q4 results and issued weaker-than-expected FY11 revenue projections. Radio One Inc (NASDAQ: ROIAK) lost 6.51% to $2.01 in the pre-market session. ROIAK reported a Q4 loss...
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Mad Money Lightning Round: Cramer Likes Sourcefire (CMI, PAL, SPF, FIRE, OCLR, JDSU, KUB, CAT, CHTR, ACW, WAB, MDR)
Thursday, March 3, 2011 - 4:29am | 317On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Cummins (NYSE: CMI) has “been trading erratically, but the truck bull market lives and this one is going to $110." For North American Palladium (AMEX: PAL), he said, "I don't have a great knowledge about that business, but I...
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Benzinga's Top Pre-Market NASDAQ Losers (WATG, HCBK, SINA, JOYG)
Wednesday, March 2, 2011 - 9:42am | 115Wonder Auto Technology Inc (NASDAQ: WATG) dipped 14.26% to $5.71 in the pre-market session. Analysts at Oppenheimer downgraded WATG from “outperform” to “perform.” Hudson City Bancorp Inc (NASDAQ: HCBK) lost 3.69% to $10.50 in the pre-market session. HCBK's PEG ratio is 2.99. Sina Corporation (...
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Oppenheimer Downgrades WATG To Perform
Wednesday, March 2, 2011 - 9:01am | 41Analysts at Oppenheimer downgrade Wonder Auto Technology Inc (NASDAQ: WATG) from “outperform” to “perform.” WATG shares fell 2.92% to close at $6.66 yesterday. More Analyst Ratings here
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Piper Jaffray Reiterates Overweight on Wonder Auto Technology (WATG)
Wednesday, March 2, 2011 - 8:43am | 144Piper Jaffray is out with its report this morning on Wonder Auto Technology (NASDAQ: WATG), reiterating Overweight. In its report sent to clients, Piper Jaffray writes, "WATG shares were halted yesterday in response to an announcement that 2008 & 2009 financials would need re-stating. After...
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Wonder Auto Announces Its Financial Restatements to FY2008 and FY2009
Tuesday, March 1, 2011 - 5:50pm | 161Wonder Auto Technology, Inc. (Nasdaq: WATG) today announced that the Company has concluded on February 23, 2011 that its financial statements as of and for the years ended December 31, 2008 and 2009, included in its Annual Report on Form 10-K for the year ended December 31, 2009, as well as the...
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Benzinga's Volume Movers (ARGN, DTSI, EBIX, TECD)
Tuesday, March 1, 2011 - 11:46am | 148Amerigon Incorporated (NASDAQ: ARGN) shares moved up 8.14% to $14.75 at 10:45 am. The volume of ARGN shares traded was 486% higher than normal. ARGN agreed to acquire a majority interest in W.E.T. Automotive Systems. DTS Inc (NASDAQ: DTSI) shares rose 10.92% to $50.30. The volume of DTSI shares...
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Top Narrow Based Indexes For February 28 (MINI, TREX, BLDP)
Monday, February 28, 2011 - 11:53am | 186By 10:50 am, the Dow Jones Industrial Average was up 90.70 points, or 0.75%, to 12,221.15, while the broader Standard & Poor's 500 index had gained 7.74 points, or 0.59%. The NASDAQ composite index rose 8.52 points, or 0.31%. Some of the narrow based indexes that are driving the markets are...
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Benzinga's Volume Movers (ARGN, OSTK, MALL, LGND)
Monday, February 28, 2011 - 11:42am | 164Amerigon Incorporated (NASDAQ: ARGN) shares moved up 9.76% to $12.71 at 10:40 am. The volume of ARGN shares traded was 1880% higher than normal. ARGN agreed to acquire a majority interest in W.E.T. Automotive Systems. Overstock.com Inc (NASDAQ: OSTK) shares rose 11.52% to $15.58. The volume of OSTK...
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Quantum Regains Compliance With Nasdaq
Monday, February 28, 2011 - 10:31am | 54Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) announced today that it received written notification from Nasdaq Hearings Department that the Company has regained compliance with Nasdaq's closing bid price Listing Rule 5450 and the Company is currently in full compliance with all...
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Amerigon to Acquire a Majority Interest in W.E.T. Automotive Systems for $55 per Share
Monday, February 28, 2011 - 9:11am | 143Amerigon Incorporated (Nasdaq: ARGN) today announced that it had entered into a purchase agreement with shareholders representing 75.6 percent of the voting shares of W.E.T. Automotive Systems. Under the terms of the agreement, Amerigon would purchase all of the shares held by such shareholders...
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Piper Jaffray Initiates Johnson Controls At Neutral, $46 PT
Monday, February 28, 2011 - 7:42am | 26Piper Jaffray has initiated coverage on Johnson Controls, Inc. (NYSE: JCI) with a Neutral rating and $46 price target.
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Calls Purchased on ArvinMeritor, Inc. (ARM)
Thursday, February 24, 2011 - 3:13pm | 125Shares of ArvinMeritor, Inc. (NYSE: ARM) are higher on the session by 0.46%, currently trading at $17.60. The stock has been moving largely lower over the past two months and is currently trading between the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...
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Magna International (MGA) Fails on Earnings, as Input Costs Start to Hurt
Thursday, February 24, 2011 - 1:38pm | 898One of my fears in the auto supplier trade (a big theme of 2010) was the impact of ever rising prices in the "hear no inflation, see no inflation" world of Mr. Bernanke. I thought it might take a few more quarters to hit, but it appears the danger has already arrived as evidenced in Magna...