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American Axle & Manufacturing Amends Stockholder Rights Plan
Tuesday, February 8, 2011 - 2:06pm | 140American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) announced today that AAM's Board of Directors has approved an amended and restated rights plan to remove provisions designed to protect the Company's net operating loss carryforwards and related tax benefits. Among other things, the...
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American Axle & Manufacturing Reports Q4 EPS of $.47 vs. $.39
Tuesday, February 8, 2011 - 2:01pm | 51American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2010. Fourth quarter 2010 sales of $583.3 million, up 26% on a year-over-year basis Operating income of $51.0 million, or 8.7% of sales Net income of $34.9...
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Benzinga's Volume Movers (SNCR, XIDE, HAIN, IPHS)
Tuesday, February 8, 2011 - 11:36am | 149Synchronoss Technologies Inc (NASDAQ: SNCR) shares moved up 11.72% to $34.80 at 10:35 am. The volume of SNCR shares traded was 1031% higher than normal. SNCR reported upbeat Q4 earnings. Exide Technologies (NASDAQ: XIDE) shares rose 14.16% to $11.93. The volume of XIDE shares traded was 1009%...
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Calls Purchased on Exide Technologies. (XIDE)
Tuesday, February 8, 2011 - 10:57am | 148Shares of Exide Technologies (NASDAQ: XIDE) are higher on the session by 15.50%, currently trading at $12.07. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today....
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Exide Technologies Reports Q3 EPS of $.38 vs. $.25
Monday, February 7, 2011 - 5:39pm | 100Exide Technologies (Nasdaq: XIDE) announced today its fiscal 2011 third quarter financial results for the period ended December 31, 2010. Fiscal 2011 third quarter consolidated net sales were $800.3 million as compared to net sales of $746.5 million in the fiscal 2010 third quarter. Net sales in...
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J.P Morgan Upgrades Borg Warner To Overweight & Raises The PT To $84
Monday, February 7, 2011 - 9:34am | 163J.P Morgan upgrades Borg Warner (NYSE: BWA) to Overweight, raises estimates, and raises the PT to $84 vs. $67 earlier. JPM believes two consecutive years of 20% top line growth, and 15-20% contribution margins through 2012 are likely. A disappointment on annualized contribution is less likely at...
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JP Morgan Upgrades Borg Warner To Overweight, PT To $84
Monday, February 7, 2011 - 7:56am | 29JP Morgan has upgraded Borg Warner, Inc. (NYSE: BWA) from Neutral to Overweight and has raised the price target from $67 to $84.
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Mad Money Lightning Round: Cramer Likes Micron Technology (MU, CRUS, ARMH, SWKS, MGA, F, PBCT)
Monday, February 7, 2011 - 5:11am | 175On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Micron Technology (NASDAQ: MU) is his “speculative stock of the year.” He added, “This stock is rocking just like Cirrus Logic (NASDAQ: CRUS), ARM Holdings (NASDAQ: ARMH) and Skyworks Solutions (NASDAQ: SWKS)" For Magna...
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Stoneridge Reports Fourth-Quarter 2010 Results
Friday, February 4, 2011 - 9:45am | 33Stoneridge, Inc. (NYSE: SRI) today announced net sales of $160.5 million and net income of $4.4 million, or $0.18 per diluted share, for the fourth quarter ended December 31, 2010.
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Mad Money Lightning Round: Cramer Likes Hess Corporation (HES, F, ACW, JCI, NVDA)
Friday, February 4, 2011 - 3:23am | 189On CNBC's Mad Money, Jim Cramer said during the Lightning Round that according to him, Hess Corporation (NYSE: HES) is “a $100 stock. This is a good situation." For Ford Motor (NYSE: F), he said, "Enough is enough, the selling has to stop. The expectations have been reset and I'm standing by CEO...
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Options Brief: American Axle (AXL)
Thursday, February 3, 2011 - 3:23pm | 84Shares of American Axle (NYSE: AXL) are higher on the session by 1.97%, trading at $14.01. Overall call volume is now running at 2.01x the daily average, with 79% of all calls traded being purchases on the offer. 4,387 contracts have traded on the session so far. American Axle & Manufacturing...
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ArvinMeritor Misses, Loss Widens - Analyst Blog
Wednesday, February 2, 2011 - 3:01pm | 627ArvinMeritor Inc. (ARM) depicted a wider loss of $6 million or 7 cents per share (adjusted) in the first quarter of its fiscal year compared with $4 million or 6 cents per share (adjusted) in the same quarter of prior fiscal year. With this, the auto parts maker missed the Zacks Consensus...
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Autoliv exalts on a threefold jump - Analyst Blog
Wednesday, February 2, 2011 - 2:31pm | 980Autoliv Inc. (ALV) showed about threefold increase in profit of $177.5 million or $1.89 per share in the fourth quarter of 2010 from $61.3 million or 68 cents per share in the same quarter of 2009. The profit far exceeded the Zacks Consensus Estimate by 21 cents per share. The increase in profit...
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ArvinMeritor Misses, Loss Widens - Analyst Blog
Wednesday, February 2, 2011 - 2:30pm | 627ArvinMeritor Inc. (ARM) depicted a wider loss of $6 million or 7 cents per share (adjusted) in the first quarter of its fiscal year compared with $4 million or 6 cents per share (adjusted) in the same quarter of prior fiscal year. With this, the auto parts maker missed the Zacks Consensus...
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Autoliv exalts on a threefold jump - Analyst Blog
Wednesday, February 2, 2011 - 1:45pm | 980Autoliv Inc. (ALV) showed about threefold increase in profit of $177.5 million or $1.89 per share in the fourth quarter of 2010 from $61.3 million or 68 cents per share in the same quarter of 2009. The profit far exceeded the Zacks Consensus Estimate by 21 cents per share. The increase in profit...