Tires & Rubber

Cusick's Corner The mood in the market is more upbeat. Short-term market action broke through resistance of 1350 on the June S&P500 future which means that this move to the upside might have a fighting chance. Small Cap and Mid Cap stocks have been leading this market's move higher. Most...

Gainers (% price change): Volcom Inc. (VLCM) a designer, marketer and distributor of young men and young women clothing, footwear, accessories and related products under the Volcom brand name is trading at a price of $24.40, a dramatic change of +4.67 (23.67%) from its previous day's close....

Goodyear's (NYSE: GT) 1Q11 results came in significantly above Goldman Sachs' expectations and the street's, driven largely by a $361mn tailwind from pricing and mix which came above its $278mn estimate. The increase is impressive because it exceeds the $300mn per quarter run rate that had...

Deutsche Bank is out with its report today on Goodyear Tire & Rubber (NYSE: GT), raising its PT from $21 to $24. In a note to clients, Deutsche Bank writes, "We are raising our 2011 and 2012 estimates to $0.85 and $2.45 from $0.45 and $2.05. And we continue to believe that 2013 EPS could be...

J.P. Morgan, citing 1Q numbers and an improved outlook, has raised its price target from $17 to $21 on Goodyear (NYSE: GT). Says J.P. Morgan, in the report, “We revise our 2011e EPS to $1.20 (vs. $0.32 earlier) mainly on 1Q beat and improved outlook on price/mix vs. raws spread (revised model...

JP Morgan has raised the price target on Goodyear Tire & Rubber (NYSE: GT) from $17 to $21 and maintains its Overweight rating.

Cusick's Corner Equity markets continue to grind higher and the Big Caps are leading the way. Traders are watching the metals closely, more specifically Gold, GLD, and the strength in this trend is under some pressure. Now this does not mean that we won't get a headline that pops the metal, but...

According to Citi, Goodyear Tire & Rubber (NYSE: GT) reported Q1'11 EPS of $0.52 (ex. items), far above its $0.15 and consensus of $0.11. Citi said that revenue of $5.4 billion was ahead of its $4.7 billion and consensus of $4.8 billion. “Segment operating income (SOI) came in at $327 million...

UPDATE: Goodyear Tire (NYSE: GT) Rises over 10% to Hit an 18-Month High

Goodyear Tire (NYSE: GT) is rallying this morning after the company reported strong earnings. Goodyear Tire reported an EPS of $0.42 versus the $0.12 Street estimate. Revenues for the company came in at $5.4 billion versus the $4.77 billion Street estimate. More information about Goodyear Tire...

Goodyear Tire (NYSE: GT) Reports EPS of $0.42 vs. $0.12 Estimate; Revenues $5.4B vs. $4.77B Estimate

US stock futures are mixed this morning as investors are awaiting economic reports and corporate results. Futures on the Dow Jones Industrial Average fell 4 points to 12,704.00 and S&P 500 index futures dropped 0.40 point to 1,354.50. Futures on the Nasdaq 100 rose 0.50 point to 2,402.25. On...

Weyerhauser Co (NYSE: WY) is expected to report its Q1 EPS at $0.15 on revenue of $ 1.66 billion. American Axle & Manufacturing Holdings Inc (NYSE: AXL) is expected to post its Q1 earnings at $0.38 per share on revenue of $593.91 million. Newell Rubbermaid Inc (NYSE: NWL) is estimated to...

The Goodyear Tire & Rubber Company (NYSE: GT) has called $350 million of its outstanding 10.500% senior notes due 2016 for redemption on May 27, 2011.  Goodyear intends to use net proceeds from its recent mandatory convertible preferred stock offering to fund the redemption.

J.P. Morgan, which raised its PT on shares of Cooper Tire & Rubber Co. (NYSE: CTB), is providing some color on the stock. “We maintain our Overweight rating on CTB, and revise our Dec- 2011 price target to $30 (vs. $28 earlier) which we continue to base on 12x our 2012e EPS of $2.50,” J.P....