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Deutsche Bank Updates 8/1
Monday, August 1, 2011 - 6:33am | 927Deutsche Bank made a number of updates in a research report published today. American Axle & Manufacturing (NYSE: AXL) had its rating reiterated at Hold. On Friday, AXL added 8.82% to its value to finish the week at $11.47. Tenneco (NYSE: TEN) had its rating reiterated at...
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Stocks to Watch for Monday 8/01/2011: Fresh 52 Week Highs and Lows
Sunday, July 31, 2011 - 9:55pm | 3407Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Friday's trading session (listed from highest total volume to...
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Earnings Expectations for the Week of August 1
Sunday, July 31, 2011 - 9:02am | 1197Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...
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Bonds Tell the Story 07-29-2011
Friday, July 29, 2011 - 2:07pm | 1040Cusick's Corner I wish that the mainstream media would focus on the data that has been coming out and not the debt debate, we know what that debt is and so the market can anticipate the effect. What has not been focused on or talked as much is the recent data, specifically the Orders and GDP-Adv...
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Wonder Auto Technology, Inc. Announces Hiring of Aijun Jiang as Chief Financial Officer
Friday, July 29, 2011 - 11:00am | 179Wonder Auto Technology, (Nasdaq: WATG) today announced that it has appointed Aijun Jiang as its Chief Financial Officer. Most recently, Mr. Jiang served as chief financial officer of Qiao Xing Universal Resources, Inc., a company traded on the Nasdaq Global Market (Nasdaq: XING), from August...
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Gabelli Maintains Buy on Federal Mogul
Friday, July 29, 2011 - 8:42am | 76Gabelli is out with its report today on Federal Mogul (NASDAQ: FDML), maintaining Buy. In a note to clients, Gabelli writes, "For 2012 we see opportunities for further margin expansion from the company's OE divisions. FDML remains attractively valued at 5.6x FY12 EBITDA and less than 8x EPS and we...
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Gabelli Maintains Buy on BorgWarner
Friday, July 29, 2011 - 8:27am | 78Gabelli is out with its report today on BorgWarner (NYSE: BWA), maintaining Buy. In a note to clients, Gabelli writes, "Should the company deliver on its goals to exceed 20% contribution margin for its Drivetrain segment, our FY12 estimate of $5.65 could prove conservative. We continue to...
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CAAS Regains Nasdaq Compliance
Friday, July 29, 2011 - 7:03am | 76China Automotive Systems, Inc. (Nasdaq: CAAS) today announced that it has regained full compliance for continued listing on the Nasdaq Stock Market. CAAS received a letter on July 26, 2011 from Nasdaq notifying the Company that with the July 22, 2011 filing of the Company's Form 10-Q for the...
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JP Morgan Raises PT on Borg Warner To $86
Friday, July 29, 2011 - 6:06am | 27JP Morgan has raised the price target on Borg Warner (NYSE: BWA) from $83 to $86 and maintains its Overweight rating.
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Morgan Stanley Reiterates Overweight on BorgWarner, Raises PT to $90
Friday, July 29, 2011 - 5:36am | 44Morgan Stanley reiterated its Overweight rating on BorgWarner (NYSE: BWA). At the same time, the rating agency raised its price target on the company's stock from $88 to $90. On Thursday, BWA surged 10.94% to finish the day at $71.50.
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Morgan Stanley Raises PT On BorgWarner To $90
Friday, July 29, 2011 - 4:53am | 26Morgan Stanley has raised the price target on BorgWarner (NYSE: BWA) from $88 to $90 and maintains its Overweight rating.
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Earnings Scheduled For July 29
Friday, July 29, 2011 - 3:18am | 424Chevron Corporation (NYSE: CVX) is projected to report its Q2 EPS at $3.56 on revenue of $71.58 billion. Aon Corporation (NYSE: AON) is expected to report its Q2 EPS at $0.82 on revenue of $2.74 billion. Newell Rubbermaid Inc (NYSE: NWL) is estimated to report its Q2 EPS at $0.42 on revenue of $...
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Sterne Agee Reiterates WABCO Buy, Adjusts PT
Thursday, July 28, 2011 - 3:12pm | 75Sterne Agee reiterated its WABCO (NYSE: WBC) Buy rating in a research report and lowered its WABCO price target from $88 to $89 in a research report published today. In the report, Sterne Agee states, "We reiterate our Buy rating on WBC after another exceptional quarter of resurgent industry...
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BorgWarner (BWA) Booms on Beat and Raise
Thursday, July 28, 2011 - 11:17am | 641BorgWarner (BWA) continues to be amongst the most impressive of the auto supplier companies. This morning the company beat on EPS (by 13 cents) and revenue, and raised guidance on both the top and bottom line. Their business lines continue to be in the sweet spot to take advantage of actual...
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Options Brief: Dana Holding Corp.
Thursday, July 28, 2011 - 9:06am | 52Shares of Dana Holding Corp. (NYSE: DAN) are higher on the session by 0.20%, trading at $17.33. Overall call volume is now running at 5.86x the daily average, with 5% of all calls traded being purchases on the offer. 4,163 contracts have traded on the session so far.