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Bookkeeping: Some Light Profit Taking
Thursday, November 4, 2010 - 3:51pm | 1064I'm busy gorging on profits as within minutes of my last post the S&P surged to test yearly high but I will soon edit the Julian Robertson post with video. Much like in 1999, I have become a genius. So have you. Throw dart, buy stock, win. The national IQ is soaring in terms of stock market...
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Auto Industry Outlook and Review – Nov. 2010 - Industry Outlook
Thursday, November 4, 2010 - 3:03pm | 2745The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. In the first nine months of 2010, General Motors (MTLQQ) led with a 19% market share in the U.S., followed by Ford Motor Co. (F) with a 16.7% market share, Toyota Motors Corp...
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TRW Flies Past Estimates - Analyst Blog
Thursday, November 4, 2010 - 2:12pm | 413TRW Automotive Holdings Corp. (TRW) reported a profit of $189 million or $1.47 per share (excluding special items) in the third quarter of 2010, beating the Zacks Consensus Estimate by a significant margin of 69 cents per share. The profits more than doubled from $76 million or 68 cents per share...
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Why I Started TRW Automotive (TRW)
Thursday, November 4, 2010 - 1:17pm | 1421The auto stocks are going ballistic today - I'll take full credit as the reason. Ahem. I mentioned TRW Automotive (TRW) this morning... it had spectacular earnings. BorgWarner (BWA) already reported an excellent quarter and Magna International (MGA) reports tonight after the bell. Ford (F) is...
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Fuel Systems Solutions Falls 11% On Revenue Miss (FSYS)
Thursday, November 4, 2010 - 12:38pm | 201Shares of Fuel Systems Solutions, Inc. (Nasdaq: FSYS) are trading down 11.6% at $37.55 per share during the Thursday afternoon trading session. The day's trading range for shares of Fuel Systems Solutions, Inc has been between $37.30 and $40.27 per share. Analysts covering the company's stock give...
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Stoneridge Announces Exercise of Over-Allotment Option
Thursday, November 4, 2010 - 11:24am | 92Stoneridge, Inc. (NYSE: SRI) announced today that Credit Suisse Securities LLC, pursuant to the Underwriting Agreement, dated November 2, 2010, by and among Stoneridge, Inc., the Selling Shareholders named in the Underwriting Agreement and the Underwriter, on November 3, 2010, notified the Selling...
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Bookkeeping: Bernanke Forces our Hand
Thursday, November 4, 2010 - 9:32am | 2317Yesterday the market closed essentially right at the 200 week simple moving average. As has been the case throughout the rally from March 2009, whenever the major indexes hit serious resistance, it has been broken not during market hours but in premarket. Again, we see that pattern today with the...
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Could This Stock Rally in 2011?
Wednesday, November 3, 2010 - 12:39pm | 1185You've probably heard the quote from the great entrepreneur Henry Ford who once commented, "People can have the model-T in any color, so long as it's black". The man's unique ability to combine innovation with simplicity is symbolic of the great...
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Could This Stock Rally in 2011?
Wednesday, November 3, 2010 - 12:39pm | 1185You've probably heard the quote from the great entrepreneur Henry Ford who once commented, "People can have the model-T in any color, so long as it's black". The man's unique ability to combine innovation with simplicity is symbolic of the great...
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Stoneridge Announces Pricing of Secondary Offering at $10.75 per Share
Wednesday, November 3, 2010 - 10:44am | 83Stoneridge, Inc. (NYSE: SRI) announced today that shareholders affiliated with the Draime family have priced an underwritten secondary public offering of 8,846,335 Company common shares at $10.75 per share, less underwriting commissions and discounts. In addition, the selling shareholders have...
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TRW Automotive Blows Past Estimates (TRW)
Wednesday, November 3, 2010 - 9:25am | 146TRW Automotive Holdings Corporation (NYSE: TRW) released financial results on Wednesday morning that easily beat Wall Street estimates. TRW Automotive Holdings Corporation announced that its 3rd quarter net earnings surged to $199 million, or $1.54 per share, up from $56 million, or 50 cents per...
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TRW Reports Third Quarter EPS of $1.54
Wednesday, November 3, 2010 - 7:52am | 65TRW Automotive Holdings Corp. (NYSE: TRW) earlier today reported third quarter 2010 financial results with sales of $3.4 billion, an increase of 10 percent compared to the prior year period. The Company reported GAAP third quarter net earnings of $199 million or $1.54 per diluted share, which...
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Mad Money Lightning Round: Cramer Likes Discover Financial Services, Advises Investors To Sell Green Mountain Coffee Roasters (DFS, AXL, TEVA, GMCR)
Wednesday, November 3, 2010 - 4:30am | 166On CNBC's Mad Money, Jim Cramer said during the Lightning Round that according to him, Discover Financial Services (NYSE: DFS) is one of the best financial shares. He added, “They're on top of their game after being a disaster for a long time." For American Axle (NYSE: AXL), he mentioned, "It's not...
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Zacks #1 Rank Additions for Monday - Tale of the Tape
Tuesday, November 2, 2010 - 11:33am | 343Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Autoliv Inc (ALV) Biogen Idec Inc (BIIB) British American Tobacco ADR (BTI) Brush Engineered Material (BW) Canon Inc ADR (CAJ) View the entire Zacks #1 Rank List. AUTOLIV INC (ALV): Free Stock Analysis Report BIOGEN IDEC INC...
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Autoliv to Open 6th Webbing Plant - Analyst Blog
Tuesday, November 2, 2010 - 11:33am | 438Autoliv Inc. (ALV) began the construction of its sixth seatbelt webbing plant in Mysore, near Bangalore in India, with a capacity to produce 100 million meters of webbing per year. It will be the first plant for this seatbelt component in India. Currently, Autoliv has five webbing plants,...