Auto Parts & Equipment

Auto stocks have benefited from U.S. economic recovery from the Great Recession. The DJ U.S. Automobiles & Parts index ($DJUSAP) is up nearly 350% since March 2009 bottom. Fidelity Investments is a prominent player in this sector having launched Fidelity Select Automotive (FSAVX) nearly 25...

According to Deutsche Bank, American Axle & Mfg (NYSE: AXL) announced that it will close the company's Detroit Manufacturing Complex Feb 26, 2012, after failing to reach an agreement with the UAW for a more competitive labor agreement. Deutsche Bank said that it anticipates that the company's...

By 10:35 am, the Dow Jones Industrial Average was up 28.04 points, or 0.23%, to 12,216.73, while the broader Standard & Poor's 500 index had surged 5.77 points, or 0.44%. The NASDAQ composite index rose 3.75 points, or 0.14%. Some of the narrow based indexes that are supporting the markets...

Gainers: Portage Resources (PINK: POTG) is up over 12%. Westport Innovations (NASDAQ: WPRT) is up over 7% after the company announced a deal with General Motors (NYSE: GM) to develop natural gas-powered engines. LinkedIn (NASDAQ: LNKD) is up over 6% after JP Morgan initiated coverage of the...

WABCO Holdings Inc. (NYSE: WBC) today announced that it has entered into a long term agreement with one of Europe's largest manufacturers of commercial trailers to supply WABCO's new generation of air disc brakes for trailer axles, starting with series production in 2013. Through pioneering...

Westport Innovations Inc. (NASDAQ: WPRT) today announced that it has entered into an agreement with General Motors to help develop advanced natural gas engine technology. Both General Motors and Westport will bring their extensive expertise to develop natural gas engine controls, emissions and...

Copart Inc (NASDAQ: CPRT) shares surged 1.41% to $46.07 at 10:38 am. The volume of CPRT shares traded was 1210% higher than normal. CPRT's trailing-twelve-month operating margin is 30.74%. Standard Microsystems Corporation (NASDAQ: SMSC) shares moved up 6.04% to $25.46. The volume of SMSC shares...

According to Piper Jaffray, Johnson Controls (NYSE: JCI) Overweight rating is reiterated. Piper Jaffray said that it is reiterating its Overweight rating following JCI's Power Solutions (battery) focused analyst/investor day. “Margin expansion in Power Solutions – fueled by vertical integration...

Westport Innovations Inc (NASDAQ: WPRT) shares advanced 6.23% to $22.85 in the pre-market session. WPRT signed an agreement with General Motors (NYSE: GM) to help develop advanced natural gas engine technology. SIGA Technologies Inc (NASDAQ: SIGA) shares advanced 5.34% to $11.45 in the pre-market...

Wunderlich Securities reiterated its Buy rating on Johnson Controls (NYSE: JCI). At the same time, Wunderlich left its price target on the company's stock unchanged at $45. On Monday, Johnson added 0.89% to its value to end the day at $39.52.

Westport Innovations Inc. (NASDAQ: WPRT) today announced that it has entered into an agreement with General Motors (NYSE: GM) to help develop advanced natural gas engine technology. Both General Motors and Westport will bring their extensive expertise to develop natural gas engine controls,...

J.P. Morgan is out with its report today on Johnson Controls (NYSE: JCI), maintaining Overweight. In a note to clients, J.P. Morgan writes, "We rate JCI shares Overweight as all three divisions (Automotive, Building, and Power Solutions) are beginning to see simultaneous revenue and margin...

Deutsche Bank made a number of updates in a research report published today. Flowers Foods (NYSE: FLO) had its rating reinstated at Hold. At the same time, its price target was reduced from $25 to $20. On Monday, Flowers added 0.25% to its value to end the day at $21.74. Medicis Pharmaceutical (...

Deutsche Bank has a Hold rating and a $44 price target on shares of Johnson Controls (NYSE: JCI). In a note to clients, Deutsche Bank writes, "Johnson Controls hosted an Analyst Meeting in which they provided a deep dive into the business outlook for their Power Solutions division (14.5% of 2011E...

Bank of America Merrill Lynch is out with its report today on Johnson Controls (NYSE: JCI), maintaining Buy. In a note to clients, Bank of America Merrill Lynch writes, "JCI hosted an upbeat analyst day for its Power Solutions segment at the company's headquarters in Wisconsin. The segment...