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Standard Motor Products, Inc. - Growth & Income
Thursday, November 18, 2010 - 3:00am | 539Standard Motor Products Inc. (SMP) is in a good position to benefit from the aging car population as Americans hold on to their vehicles longer. The company, which manufactures and distributes automotive replacement parts, recently reported strong third quarter results driven by solid top-line...
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Standard Motor Products, Inc. - Growth & Income
Wednesday, November 17, 2010 - 8:00pm | 539Standard Motor Products Inc. (SMP) is in a good position to benefit from the aging car population as Americans hold on to their vehicles longer. The company, which manufactures and distributes automotive replacement parts, recently reported strong third quarter results driven by solid top-line...
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David Taylor Joins TRW Automotive Board
Wednesday, November 17, 2010 - 5:12pm | 51TRW Automotive Holdings Corp. (NYSE: TRW) today announced the election of David S. Taylor to the Company's board of directors. The appointment is effective immediately and will increase the size of TRW's board to ten members. Mr. Taylor joins as an independent director.
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Johnson Controls Increases Dividend 23% to $.16
Wednesday, November 17, 2010 - 11:41am | 68The Board of Directors of Johnson Controls (NYSE: JCI) today approved a 23% increase in the company's quarterly cash dividend, to $0.16 per common share from $0.13 per common share. A quarterly dividend at the new rate is payable January 4, 2011 to shareholders of record at the close of business...
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Goldman Sachs Revises ArvinMeritor 2011/2012 Estimates
Wednesday, November 17, 2010 - 10:58am | 60ArvinMeritor Inc. (NYSE: ARM) reported FY 4Q'10 EPS of $0.01 excl 1x items (and also excluding $7mn curtailment gain) “vs. our estimate of $0.02 and the Street estimate of ($0.02),” Goldman Sachs reports. “We are revising our 2011/2012 estimates to $1.03/$2.10 from $1.30/$2.36,” Goldman Sachs...
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Don't Sweat TRW Automotive's Sell-Off
Wednesday, November 17, 2010 - 9:54am | 443Model Portfolio Daily Update: November 16, 2010 Members login for the full report: New Actions Required: None Of Note: The worst decliner in our model long portfolio today was TRW Automotive (TRW), down 5.69%, due in part to the decline in the … Continue reading →
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Magna International: Earnings Scorecard - Analyst Blog
Tuesday, November 16, 2010 - 6:39pm | 979Magna International Inc. (MGA) reported its third quarter results for the year on November 4, 2010, outperforming the Zacks Consensus Estimate by 56 cents per share. The market reacted positively, with share prices rising subsequent to the earnings release. Analysts were optimistic given the...
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TRW Automotive: Earnings Scorecard - Analyst Blog
Tuesday, November 16, 2010 - 5:03pm | 939TRW Automotive Holdings Corp. (TRW) reported its third quarter earnings for 2010 on November 3, 2010. The company has surpassed the Zacks Consensus Estimate by a significant margin of 69 cents per share. The market reacted favorably, with share prices rising following the earnings announcement...
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ArvinMeritor Shares Fall 4.4% (ARM)
Tuesday, November 16, 2010 - 2:21pm | 214Despite reporting positive financial results, shares of ArvinMeritor, Inc. (NYSE: ARM) are trading down 4.4% at $16.65 per share during the Tuesday afternoon trading session. The day's trading range for shares of ArvinMeritor, Inc has been between $16.68 and $17.92 per share. Analysts covering the...
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Bookkeeping: Limit Order to Repurchase Magna International (MGA) Hits
Tuesday, November 16, 2010 - 1:25pm | 775This is a tricky time, because "buying the dip" worked non stop for months... but if this is stage 1 of a large selloff that takes us down to fill the downside gaps at S&P 1090, and 1110 any purchases in the near term will be painful a few weeks for now. Hence, the solution is to marry...
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Watch Alt-Energy Names Today (CLNE, AMSC, APWR, FAN)
Tuesday, November 16, 2010 - 10:19am | 134Alternative energy names should be on your watch list this morning as Senator Harry Reid is expected to bring the “Pickens Plan” to the floor today; the plan touts alternative energies, such as wind and natural gas. While the bill is expected be met with opposition, if any positive support comes...
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American Axle & Manufacturing Announces New Business Backlog of $850M for 2011 - 2013
Tuesday, November 16, 2010 - 9:35am | 121American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) today announced that its backlog of new and incremental business launching from 2011 through 2013 is estimated at $850 million in future annual sales. AAM's new business backlog for 2011 – 2013 is more than 20% higher than the previous...
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ArvinMeritor Reports Fourth-Quarter Net income of $2M
Tuesday, November 16, 2010 - 9:10am | 235ArvinMeritor, Inc. (NYSE: ARM) today reported financial results for its fourth quarter and full fiscal year ended Sept. 30, 2010. Fourth-Quarter Highlights Sales were $956 million, up $259 million or 37 percent, from the same period last year. Net income was $2 million compared to a net...
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Soros Adds To Apple Position (AAPL)
Monday, November 15, 2010 - 6:29pm | 142According to George Soros' latest 13-F, the investing legend has added to his positions in InterOil (NYSE: IOC), and Apple Computer (NASDAQ: AAPL). He also bought shares of American Axle (NYSE: AXL) in the last quarter. He cut his holdings in Akamai (NASDAQ: AKAM), ADC Communications (NASDAQ: ADCT...
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TRW Announces Secondary Offering of 10M Shares
Monday, November 15, 2010 - 5:36pm | 91TRW Automotive Holdings Corp. (NYSE: TRW) today announced the underwritten public offering of 10,000,000 shares of its common stock held by Automotive Investors L.L.C., an affiliate of The Blackstone Group L.P., and certain members of TRW management pursuant to the Company's shelf registration...