-
China Automotive Systems Falls 10.5% (CAAS)
Tuesday, November 9, 2010 - 4:48pm | 217China Automotive Systems, Inc. (Nasdaq: CAAS) are trading down 10.5% at $15.65 per share during the Tuesday afternoon trading session. The day's trading range for shares of China Automotive Systems, Inc has been between $15.80 and $17.89 per share. Analysts covering the company's stock give it a...
-
Bookkeeping: Selling 1/5th of BorgWarner (BWA) on Positive Future Business Announcement
Tuesday, November 9, 2010 - 12:55pm | 820It is difficult to find points to sell stocks now because things that are overbought just stay that way, go sideways, and then make a new leg up, rather than experiencing any moderate corrections - where I'd normally buy back a portion of the stock I sell along the way. Hence I am winging it,...
-
Magna's Profit Soars - Analyst Blog
Tuesday, November 9, 2010 - 12:09pm | 798Magna International Inc. (MGA) reported an increase of about fivefold in profit to $241 million or $2.06 per share in the third quarter of 2010 from $51 million or 45 cents per share in the same quarter of the prior year. The profit outpaced the Zacks Consensus Estimate of $1.50 per share for the...
-
A Peek Into The Market Before The Trading Starts
Tuesday, November 9, 2010 - 8:23am | 372Pre-open movers US stock futures moved up today. Futures on the Dow Jones Industrial Average gained 18 points to 11,380.00, while S&P 500 futures rose 1.50 points to 1,221.50. Nasdaq 100 futures moved up 6.75 points to 2,190.75. A Peek Into Global Markets Positive sentiments ruled the European...
-
China Automotive Systems Beats Estimates (CAAS)
Tuesday, November 9, 2010 - 7:50am | 206China Automotive Systems, Inc. (Nasdaq: CAAS) announced on Tuesday morning that it beat consensus Wall Street estimates. China Automotive Systems, Inc reported that its 3rd quarter net income fell to $10.5 million, or 26 cents per share, down from $10.6 million, or 28 cents per share, a year...
-
China Automotive Reports Upbeat Q3 Results
Tuesday, November 9, 2010 - 7:14am | 57China Automotive Systems Inc (NASDAQ: CAAS) reports its Q3 EPS at $0.26, beating the consensus of $0.23. CAAS reports its Q3 revenue at $76.1 million, versus the estimates of $75.68 million. CAAS shares gained 2.97% to $18.00 in after-hours trading. Read more from Benzinga's Company news.
-
Superior Industries Beats - Analyst Blog
Monday, November 8, 2010 - 3:03pm | 364Superior Industries International Inc. (SUP) showed a profit of $10.4 million or 39 cents per share during the third quarter of 2010 in contrast to a loss of $12.7 million or 48 cents per share in the same quarter of 2009. The profit, which was slightly ahead of the Zacks Consensus Estimates by 2...
-
Stoneridge Announces Closing of Secondary Offering
Monday, November 8, 2010 - 1:42pm | 75Stoneridge, Inc. (NYSE: SRI) announced today the closing on November 8, 2010 by shareholders affiliated with the Draime family (the "Selling Shareholders") in an underwritten secondary public offering of the sale of 10,173,285 Company Common Shares at $10.75 per Common Share, less underwriting...
-
Unconfirmed Rumors that American Axle & Manufacturing Holdings Inc. (AXL) will be acquired by Magna International, Inc. (MGA) at $17.00 a share
Monday, November 8, 2010 - 1:24pm | 34Unconfirmed Rumors that American Axle & Manufacturing Holdings Inc. (AXL) will be acquired by Magna International, Inc. (MGA) at $17.00 a share..
-
Johnson Controls to Install Photovoltaic Arrays at Utah Schools Under $3M Program
Monday, November 8, 2010 - 1:03pm | 159Johnson Controls (NYSE: JCI) today announced it has completed a solar installation at Salt Lake City School District's Hillside Middle School, the first of many schools participating in Utah State Energy Program's new Solar for Schools program. Solar for Schools is a statewide energy education...
-
Goldman Sachs Raises Price Target on Magna International (MGA)
Monday, November 8, 2010 - 10:55am | 193Goldman Sachs is out with a research report this morning, where it reiterates its Sell rating on Magna International (NYSE: MGA); it has a $94.00 price target on the stock, up from $82.00. The GS analysts raised estimates for the company following its Q3 earnings, which they believe reflects...
-
Mad Money Lightning Round OT: Cramer Thinks That MU Should Be Sold (MU, AMD, CY, VVUS, CAAS, F)
Sunday, November 7, 2010 - 4:19pm | 203On CNBC's Mad Money Lightning Round OT, Jim Cramer advised his viewers to take profits in Micron Technology, Inc. (NASDAQ: MU). He said that only Advanced Micro Devices, Inc. (NYSE: AMD) is worse than MU, and added that he likes Cypress Semiconductor Corporation (NASDAQ: CY), in the space. Micron...
-
Exide Technologies Rises 8% On Earnings Beat (XIDE)
Friday, November 5, 2010 - 11:33am | 200Shares of Exide Technologies (Nasdaq: XIDE) are trading up 8.1% at $7.09 per share during the Friday morning trading session. The day's trading range for shares of Exide Technologies has been between $6.81 and $7.26 per share. Analysts covering the company's stock give it a consensus price target...
-
Magna International (MGA) Crushes Estimates, Announces 2:1 Split, Stock Buyback, Increases Dividend by 20%
Friday, November 5, 2010 - 8:00am | 1255If Magna International (MGA) were involved in the 'cloud space' (even 10% of revenue, which now gives you the massive overvaluation) this sort of beat would have the stock up 20%+ on this sort of report. Too bad you cannot build auto frames in the cloud. Not much I can add here that I did not...
-
Exide Technologies Up 6% On Earnings Beat (XIDE)
Thursday, November 4, 2010 - 7:36pm | 177Exide Technologies (Nasdaq: XIDE) announced after the market closed on Thursday that it easily beat consensus Wall Street estimates, which sent its share price climbing. Exide Technologies reported 2nd quarter adjusted net income of 17 cents per share, on revenue of $668 million. According to a...