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Continuing to Presage Major Positive Research Actions from Goldman Sachs and Other Sell Side Institutions
Monday, January 10, 2011 - 10:14am | 1614Updated on January 25. We have noted on numerous occasions that it is not uncommon for stocks that appear in our model portfolios or our weekly ranking updates to presage major ratings actions by sell side firms. See our “Nostradamus Report” and “Getting in Before Sell Side Institutions Follow” for...
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TRW Automotive Awarded Electric Steering Business Contracts
Monday, January 10, 2011 - 10:13am | 71TRW Automotive Holdings Corp. (NYSE: TRW) today announced it has secured a number of contracts for the supply of electric power steering to domestic Chinese vehicle manufacturers, with the first launch scheduled as early as 2012. TRW will supply its Column Drive EPS system for multiple platforms...
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J.P. Morgan Overweight On American Axle (AXL)
Monday, January 10, 2011 - 8:09am | 172J.P. Morgan Chase & Co. is Overweight on shares of American Axle & Manufact. Holdings, Inc. (NYSE: AXL). In a note sent to clients, J.P. Morgan writes, "We continue to believe AXL share can move into the high-teens on a 12-24 month view. This out of favor high-beta name should benefit from...
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Barclays Upgrades LEA To Overweight
Monday, January 10, 2011 - 7:51am | 51Analysts at Barclays upgrade Lear Corporation (NYSE: LEA) from “equal weight” to “overweight.” The target price for LEA has been raised from $94 to $123. LEA shares gained 0.04% to close at $105.80 on Friday. More Analyst Ratings here
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Mad Money Lightning Round: Cramer Prefers Jabil Circuit to Entropic Communications (JCI, SD, FCX, ALU, JBL, ENTR, M)
Monday, January 10, 2011 - 5:54am | 217On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Johnson Controls (NYSE: JCI) is “one of the largest positions in my charitable trust. What's not to like." For SandRidge Energy (NYSE: SD), he said, "I can't believe it's moving on no news. It's been on fire. It's not my favorite...
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Options Active on Marvell (MRVL)
Thursday, January 6, 2011 - 5:59pm | 205Shares of Marvell Technology Group (NASDAQ: MRVL) ended the session higher by 5.39% today, trading at $19.56. The stock made an early rally right our of the gate, based for a few hours, and then went off to the races once again as money flowed into the market. While MRVL did announced this morning...
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Calls Purchased on Exide Technologie (XIDE)
Thursday, January 6, 2011 - 11:54am | 140Shares of Exide Technologie (NASDAQ: XIDE) are lower on the session by 0.30%, currently trading at $9.90. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving average. Options traders are buying calls on the name today. A...
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RBC Capital Markets Raises MGA Target To $71 From $56
Thursday, January 6, 2011 - 10:51am | 28RBC Capital Markets is raising its target on Magna International, Inc. (NYSE: MGA) to $71 from $56. Magna International currently trades at $59.57.
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Top 4 Small-Cap Stocks In The Recreational Vehicles Industry With The Highest ROE (WGO, THO, DW, ACAT)
Thursday, January 6, 2011 - 4:54am | 134Below are the top small-cap recreational vehicle stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at Winnebago Industries Inc (NYSE: WGO) is 16.12%. WGO's PEG ratio is 1.52. The trailing-twelve-month return on equity at Thor Industries Inc (...
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More Action to Vend LVS Biz at ARM - Analyst Blog
Wednesday, January 5, 2011 - 11:03am | 428ArvinMeritor Inc. (ARM) has completed the sale of its Body Systems business to auto supplier, Inteva Products LLC, for $27.27 million. The selling price consisted of $12.27 million in cash and a promissory note of $15 million. The Troy-Michigan based Inteva manufactures car doors, roofs,...
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Unconfirmed Rumors Circulate that Magna International, Inc. (MGA) will acquire American Axle & Manufacturing Holdings Inc. (AXL) at $22.50 a share
Wednesday, January 5, 2011 - 10:45am | 33Unconfirmed Rumors Circulate that Magna International, Inc. (MGA) will acquire American Axle & Manufacturing Holdings Inc. (AXL) at $22.50 a share.
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More Action to Vend LVS Biz at ARM - Analyst Blog
Wednesday, January 5, 2011 - 10:45am | 428ArvinMeritor Inc. (ARM) has completed the sale of its Body Systems business to auto supplier, Inteva Products LLC, for $27.27 million. The selling price consisted of $12.27 million in cash and a promissory note of $15 million. The Troy-Michigan based Inteva manufactures car doors, roofs,...
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Trading Today's Auto Sales (GM, F, AXL, BWA)
Tuesday, January 4, 2011 - 12:02pm | 101Some companies to think about for today's auto sales release are Ford (NYSE: F), Borg Warner (NYSE: BWA), American Axle (NYSE: AXL), Magna International Inc. (USA) (NYSE: MGA). General Motors (NYSE: GM) just released its December sales and sales were the highest they've been in 2010, rising to 223,...
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Options Brief: Exide Technologies (XIDE)
Tuesday, January 4, 2011 - 11:47am | 74Shares of Exide Technologies (NASDAQ: XIDE) are higher on the session by 0.05%, trading at $9.95. Overall call volume is now running at 7.18x the daily average, with 56% of all calls traded being purchases on the offer. 1,128 contracts have traded on the session so far. Exide Technologies is a...
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Top Picks 2011: Autoliv (ALV)
Tuesday, January 4, 2011 - 10:46am | 81"If you are looking for a momentum name, with a reasonable valuation and plenty of gas in the tank, consider Autoliv (ALV) -- our top pick for 2011 -- for your portfolio," says Todd Salomone. The contributing editor to Schaeffer's Investment Research explains, "Auto supplier stocks were among the...