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How to Profit from the Automotive Recovery - Investment Ideas
Thursday, December 16, 2010 - 1:00am | 1325It's hard to ignore the resurgence of the U.S. auto industry. Iconic American car maker Ford Motor Company (F) is trading at a multi-year high and has actually been turning a consistent profit for several quarters now. Meanwhile, a leaner GM (GM) pulled off the biggest IPO in U.S. history last...
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Gentex Corp. Chairman Sells 100,000 Shares of GNTX
Wednesday, December 15, 2010 - 5:03pm | 53In a Form 4 filed earlier today, Gentex Corp. (NASDAQ: GNTX) Chairman of the Board, Fred Bauer, reported that he sold 100,000 shares of GNTX on December 14th for an average price of $29.15. The transaction totaled $2,9104,810. Mr. Bauer owns 4,146,496 direct shares of GNTX. Source: The Washington...
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Dorman Products Down 3% (DORM)
Wednesday, December 15, 2010 - 1:52pm | 61Dorman Products Inc. (NASDAQ: DORM) is dropping sharply today, as it's down nearly 3% on heavy volume. The stock has already traded over 120,000 shares today, which is about 20% higher than its normal average volume. Dorman Products supplies original equipment dealer automotive replacement parts,...
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Earnings Scheduled For December 15 (AIR, JOYG, ABM, NDSN, APOG, WMCO, HEI)
Wednesday, December 15, 2010 - 6:07am | 186AAR Corp (NYSE: AIR) is expected to report its Q2 EPS at 0.35 on revenue of $408.57 million. Joy Global (NASDAQ: JOYG) is forecast to report its FQ4 EPS at $1.16 on revenue of $922.84 million. ABM Industries Incorporated (NYSE: ABM) is projected to post its Q4 earnings at $0.43 per share on revenue...
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Dana Holding Corp. To Continue Higher? (DAN)
Tuesday, December 14, 2010 - 12:55pm | 141Shares of Dana Holding Corporation (NYSE: DAN) are higher on the session by 3.34%, currently trading at $17.01. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and the 200-day moving averages. Options traders are buying calls on the name...
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Oppenheimer Reiterates Outperform on China Automotive Systems
Tuesday, December 14, 2010 - 11:24am | 82Oppenheimer published its report on China Automotive Systems (NASDAQ: CAAS) after it appointed PricewaterhouseCoopers Zhong Tian as its new independent auditor. In a note to clients, Oppenheimer writes, "We view the company's move to proactively enhance its corporate governance positively as the...
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Morgan Stanley's Americas Equity Morning Summary
Tuesday, December 14, 2010 - 10:06am | 132Morgan Stanley released its Americas Equity Morning Summary with the following updates: Initiating Coverage Bally Technologies (NYSE: BYI) with an Equal-Weight rating and $45 price target. International Game Technology (NYSE: IGT) with an Overweight rating and $21 price target. WMS Industries (NYSE...
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Wabco Holdings, Inc. - Momentum
Tuesday, December 14, 2010 - 3:00am | 512Wabco Holdings, Inc. (WBC) recently jumped to a new multi-year high after reporting strong Q3 results in late October that included a 42% earnings surprise. With a bullish next-year growth projection of 31% and attractive valuation, this Zacks #1 rank stock isn't putting the brakes on momentum....
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Wabco Holdings, Inc. - Momentum
Tuesday, December 14, 2010 - 1:00am | 512Wabco Holdings, Inc. (WBC) recently jumped to a new multi-year high after reporting strong Q3 results in late October that included a 42% earnings surprise. With a bullish next-year growth projection of 31% and attractive valuation, this Zacks #1 rank stock isn't putting the brakes on momentum....
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Dorman Products Executives To Sell Shares, Stock Falls 8.6% (DORM)
Monday, December 13, 2010 - 4:05pm | 161Shares of Dorman Products, Inc. (Nasdaq: DORM) are trading down 8.6% at $40.62 per share during the Monday afternoon trading session. The company announced early on Monday that some of its senior executives had entered into trading plans to sell hundreds of thousands of their shares. The day's...
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Piper Jaffray Maintains CAAS Rating; Raises PT From $15 To $16
Monday, December 13, 2010 - 10:01am | 128Piper Jaffray is maintaining its Neutral rating on China Automotive Systems, Inc. (NASDAQ: CAAS). “But we note that CAAS could offer an interesting trade heading into Q4 results,” Piper Jaffray writes. “After the Chinese passenger vehicle market posted record sales in November, we now believe that...
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Dana Breaks Ground on $20M Technical Center in India
Monday, December 13, 2010 - 9:23am | 75Dana Holding Corporation (NYSE: DAN) formally broke ground Sunday for a $20 million technical center in Pune, India. The new facility, Dana's fifteenth technical center globally, will enhance the company's engineering capabilities in India by providing design, testing, and analytical support for...
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Wells Fargo Securities Downgrades TEN To Market Perform
Monday, December 13, 2010 - 8:23am | 43Analysts at Wells Fargo Securities downgrade Tenneco Inc (NYSE: TEN) from "outperform" to "market perform." TEN's shares lost 0.48% to close at $41.34 on Friday. More Analyst Ratings here
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Johnson Acquires German Seat Maker - Analyst Blog
Friday, December 10, 2010 - 7:00pm | 349Johnson Controls Inc. (JCI) signed a purchase agreement to acquire C. Rob. Hammerstein Group (“CRH”), a Solingen, Germany-based manufacturer and global supplier of metal seat structures and mechanisms. CRH has operations in nine countries and has 3,600 employees across the world. CRH's product...
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Johnson Acquires German Seat Maker - Analyst Blog
Friday, December 10, 2010 - 6:19pm | 349Johnson Controls Inc. (JCI) signed a purchase agreement to acquire C. Rob. Hammerstein Group (“CRH”), a Solingen, Germany-based manufacturer and global supplier of metal seat structures and mechanisms. CRH has operations in nine countries and has 3,600 employees across the world. CRH's product...