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Benzinga’s Top Downgrades (TIVO, WPRT, MPWR, VLTR, CAVM)
Monday, May 17, 2010 - 9:24am | 189TiVo Inc (NASDAQ: TIVO) was downgraded by Kaufman Bros from “buy” to “hold.” TIVO closed at $10.16 yesterday. TIVO’s quarterly earnings grew by -165.98%. Jefferies downgraded Westport Innovations Inc (NASDAQ: WPRT) from “buy” to “hold.” WPRT’s shares closed at $18.10 yesterday. Westport’s 52-week...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 41
Monday, May 17, 2010 - 8:15am | 2193Year 3, Week 41 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 75.0% (v 85.9% last week)20 long bias: 18.2% (v 10.7% last week)4 short bias: 6.8% (v 3.4% last week) [Includes 1 'long dollar' position; 1...
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Sorl Auto Parts (SORL) Jumps In Pre-Market Trading
Friday, May 14, 2010 - 7:42am | 95Shares of Sorl Auto Parts, Inc. (NASDAQ: SORL) jumped in pre-market trading today, following the first-quarter results announced by the company. Sorl Auto Parts reported first-quarter profit of $3.2 million, or $0.17 per share, compared with a profit of $927,629, or $0.05 per share reported for the...
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David Silver Urges Traders To Invest In Resurgent Car-Parts Business
Thursday, May 13, 2010 - 11:01am | 305In an article on MarketWatch, David Silver, an auto analyst at WStreet.com said “Auto parts suppliers have had a great run since March of last year, but the fact remains, there is room to move higher. The industry is only at about 11.5 million vehicles [per year] now, and I think we get to 14...
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Top 5 Large-Cap Stocks In the Consumer Goods Sector With The Lowest PEG Ratio (JCI, FMX, F, BRFS, IP)
Thursday, May 13, 2010 - 6:06am | 170Below are the top five large-cap stocks in the consumer goods sector on the NYSE and the NASDAQ in terms of the PEG ratio. Johnson Controls Inc (NYSE: JCI) has a PEG ratio of 0.36. JCI’s quarterly revenue growth stands at 31.70% y/y. Fomento Economico Mexicano SA (NYSE: FMX) has a PEG ratio of 0.39...
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Buyers Accumulate Shares of Modine Manufacturing, Up 2.2% (MOD)
Tuesday, May 11, 2010 - 1:24pm | 15Buyers Accumulate Shares of Modine Manufacturing, Up 2.2% (MOD)
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Fuel System Services Moves Higher Despite Recent Downgrades
Tuesday, May 11, 2010 - 12:05pm | 140Shares of Fuel System Services Inc. (NASDAQ: FSYS) are moving higher today by 3.71% to $29.38 and are making a run at the 50-day and 200-day moving averages from the downside. While a bullish signal has not been triggered yet, the chart appears to be gaining momentum after basing around the $26...
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Bookkeeping: Beginning Stake in BorgWarner (BWA)
Monday, May 10, 2010 - 12:20pm | 860I try not to make it a habit to buy stocks up 9% on a session, but obviously today is a 'special' day where that is the rule rather than the exception. BorgWarner (BWA) is an auto supplier who I have been eyeing for a while as the sector has been on fire. It has one of the best reputations in the...
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Top 5 Mid-Cap NYSE Stocks In The Consumer Goods Sector With The Lowest PEG Ratio (FBR, TRW, HBI, OSK, IP)
Monday, May 10, 2010 - 5:58am | 179Below are the top 5 mid-cap consumer goods stocks on the NYSE in terms of the PEG ratio. The PEG ratio of Fibria Celulose SA (NYSE: FBR) is 0.24. FBR’s quarterly revenues grew by 115.20% y/y. The PEG ratio of TRW Automotive Holdings Corp (NYSE: TRW) is 0.25. Deutsche Bank upgraded TRW from “hold”...
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Merriman Downgrades WATG To Neutral
Friday, May 7, 2010 - 7:01am | 42Analysts at Merriman Curhan Ford downgrade Wonder Auto (NASDAQ: WATG) from "buy" to "neutral." WATG’s shares lost 12.39% to close at $9.02 yesterday. More Analyst Ratings here
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Magna International Inc. (MGA) All Set To Search For Higher Tops
Thursday, May 6, 2010 - 12:13pm | 134Magna International Inc. (NYSE: MGA) soared 12.1% by mid-day on Thursday, after it said it inked an agreement with founder Frank Stronach to eliminate the auto parts maker's dual class structure. Magna International Inc. (MGA) also said it swung back into profits in the latest quarter, beating...
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Put Volume Rises on Wonder Auto Tech
Thursday, May 6, 2010 - 11:43am | 98Wonder Auto Technology Inc. (NASDAQ: WATG), a manufacturer of automotive electric parts, suspension products, and engine components in the People's Republic of China, is seeing bearish options activity after the company reported earnings that beat Street estimates. The company also guided higher,...
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Top Performer for Wed: WABCO Holdings (WBC) - Zacks #1 Rank Top Performers
Thursday, May 6, 2010 - 10:46am | 643If you needed any evidence that the commercial vehicle market is in recovery mode, then you'd need to look no further than the Zacks #1 Rank List. There are currently 6 names from the auto/truck - orig industry in that group; that's 6 Zacks #1 Rank ('strong buy') companies with rising earnings...
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JCI Upgraded To Buy At Deutsche Bank
Thursday, May 6, 2010 - 8:50am | 42Analysts at Deutsche Bank upgrade Deutsche Bank (NYSE: JCI) from "hold" to "buy." JCI’s shares moved down 2.99% to close at $31.20 yesterday. More Analyst Ratings here
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ARM’s Growth Prospects Undervalued
Wednesday, May 5, 2010 - 1:00pm | 178Analysts at Goldman Sachs reiterate their "buy" rating on ArvinMeritor Inc (NYSE: ARM), while raising their estimates for the company. The target price for ARM has been raised from $19 to $21. ARM has reported its Q2 EPS marginally short of the estimates, but ahead of the consensus. “We continue to...