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Autoliv's Profits Quadruple - Analyst Blog
Tuesday, November 2, 2010 - 11:00am | 905Autoliv Inc. (ALV) posted a profit of $140.1 million or $1.51 per share for the third quarter of 2010, which more than quadrupled from the year-ago level of $32.8 million or 37 cents per share. The profit also exceeded the Zacks Consensus Estimate of $1.22 per share during the quarter....
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Tenneco Beats by a Penny - Analyst Blog
Tuesday, November 2, 2010 - 9:35am | 726Tenneco Inc. (TEN) recorded a profit of $24 million or 39 cents per share (before special items) during the third quarter of 2010, which was significantly up from $3 million or 7 cents per share in the same quarter of previous year. However, the company's profit barely exceeded Zacks Consensus...
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Mad Money Lightning Round: Cramer Likes Westport Innovations, Advises Investors To Sell Eastman Kodak (WPRT, CLF, VALE, JCP, M, KSS, ROST, TJX, FDO, SLE, PVA, SHAW, GT, PWER, EK)
Tuesday, November 2, 2010 - 4:32am | 370On CNBC's Mad Money Jim Cramer said during the Lightning Round that he likes Westport Innovations (NASDAQ: WPRT). He added, “If we get a change in Washington on natural gas, I'd like it even more." For Cleveland-Cliffs (NYSE: CLF), he said that he likes iron, but prefers Vale (NYSE: VALE) to CLF....
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Drew Industries Down 9.3% On Earnings Miss (DW)
Monday, November 1, 2010 - 3:45pm | 253Shares of Drew Industries Incorporated (NYSE: DW) are trading down 9.3% at $19.10 per share during the Monday afternoon trading session. The day's trading range for shares of Drew Industries Incorporated has been between $19.05 and $20.57 per share. Analysts covering the company's stock give it a...
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Unconfirmed Rumors that Tenneco Inc. (TEN) could be taken private at $50.00 by Private Equity
Monday, November 1, 2010 - 10:13am | 21Unconfirmed Rumors that Tenneco Inc. (TEN) could be taken private at $50.00 by Private Equity..
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Call Volume Spiking in Marvell (MRVL)
Monday, November 1, 2010 - 9:59am | 176Shares of Marvell Technology Group (NASDAQ: MRVL) are higher on the session by 1.45%, currently trading at $19.56. The stock has been moving largely higher over the past three months after bouncing off of the $14.50 level. Shares are nearing resistance at $19.75-20.00. There has been some LBO...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 13
Monday, November 1, 2010 - 8:43am | 2476Year 4, Week 13 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 69.0% (v 69.2% last week) 20 long bias: 27.6% (v 26.3% last week) 4 short bias: 3.4% (v 4.5% last week) [Note: Long dollar positions...
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Drew Industries Reports 2010 Third Quarter Results EPS of $0.33
Monday, November 1, 2010 - 7:47am | 75Drew Industries Incorporated (NYSE: DW) today reported net income for the third quarter ended September 30, 2010 of $8.0 million, or $0.36 per diluted share, compared to $7.2 million, or $0.33 per diluted share, for the 2009 third quarter. Results for the 2010 third quarter include an after tax non...
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Goldman Raises Price Target On Tenneco (TEN)
Monday, November 1, 2010 - 7:14am | 110Goldman Sachs raised its price target on Tenneco Inc. (NYSE: TEN) to $36 from $34, and is keeping its Neutral rating. In a note to clients, Goldman Sachs says, "Our six month price target rises to $36 from $34 driven by a 5.75x and 13.5x multiple on our new normalized EBITDA and EPS estimates....
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Mad Money Lightning Round OT: Cramer Likes Auto Parts Companies (NYB, BBT, USB, WFC, JPM, TRW, IMAX)
Friday, October 29, 2010 - 11:21pm | 268Jim Cramer said on CNBC's Mad Money Lightning Round OT that he likes New York Community Bancorp, Inc. (NYSE: NYB). He believes that this stock has a great dividend yield. Cramer doesn't see any problems with NYB, except that it is a bank, and everybody hates banks. New York Community Bancorp, Inc...
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American Axle Outpaces Estimates - Analyst Blog
Friday, October 29, 2010 - 7:12pm | 495American Axle and Manufacturing Inc. (AXL) posted a profit of $38.8 million or 52 cents per share in the third quarter of 2010, in sharp contrast to a loss of $9.7 million or 18 cents per share (excluding special items) in the same quarter of prior year. With this, the auto parts maker has...
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Wabco Holdings Beats Estimates, Hits 52-Week High (WBC)
Friday, October 29, 2010 - 3:34pm | 235Shares of Wabco Holdings Inc. (NYSE: WBC) are currently up 8.2% at $46.39 per share during Friday afternoon trading. Today's trading range for shares of Wabco Holdings Inc has been between $43.62 and a 52-week high of $46.55 per share. The consensus price target of analysts covering the company's...
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WABCO Flying High Today (WBC)
Friday, October 29, 2010 - 2:04pm | 106Shares of WABCO Holdings Inc. (NYSE: WBC) are surging 8% today, after blew out earnings, and raised its guidance for the 4th time this year. For the third quarter, net income was or 66 cents a share. Excluding items, the company earned 71 cents, which was markedly better than the 50 cents Wall...
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Hudson Securities Raises Target On Spartan Motors (SPAR)
Friday, October 29, 2010 - 12:38pm | 153Hudson Securities raised its price target on Spartan Motors (NASDAQ: SPAR) to $7 from $6, citing a strong earnings report. In the research note, Hudson writes, "Spartan has done a solid job on cost containment as operating expenses were held in check and gross margin improved sequentially. The...
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J.P. Morgan Raises Price Target On Lear Corporation (LEA)
Friday, October 29, 2010 - 7:37am | 135J.P. Morgan Chase & Co. is raising its price target on Lear Corporation (NYSE: LEA) to $98 from $82, after the company reported better than expected earnings. It continues to rate shares at Neutral. In a note to clients, J.P. Morgan writes, "LEA's FY2010 outlook guides to $11.7B in sales and...