Tires & Rubber

JP Morgan has raised the price target on Cooper Tire & Rubber (NYSE: CTB) from $28 to $30 and maintains its Overweight rating.

Cusick's Corner I'll make it short and simple. The movement today raised a red flag in that there hasn't been any real momentum to the downside. Whether you are looking at a MACD or RSI neither is signaling strong bullish conviction. Finance and Tech are also lagging and these sectors need to...

Cusick's Corner The market has a lot of gas in the tank if you take earnings as the catalyst. Keep an eye on the Volatility Index VIX. As a review, this index measures the implied volatilities of the front two months of the SPX, the cash settled S&P 500 index. The VIX has settled the last two...

Shares of The Goodyear Tire & Rubber Company (NYSE: GT) are higher on the session by 0.81%, trading at $16.09. Overall call volume is now running at 5.13x the daily average, with 49% of all calls traded being purchases on the offer. 13,051 contracts have traded on the session so far. The...

Good morning so far, I sold my Apple (AAPL) May 350 calls for about 120% on the premium paid or 6.5% on the underlying asset itself after the company reported incredible earnings. Below is the Daily Long and Short Setups. I've bought Goodyear Tire & Rubber (GT) at 15.72. I've also tightened my...

The Goodyear Tire & Rubber Company (NYSE: GT) today announced that it has amended and restated its European revolving credit facility and closed an offering of euro 250 million aggregate principal amount of senior notes due in 2019 by its European subsidiary, Goodyear Dunlop Tires Europe B.V. (...

The Goodyear Tire & Rubber Company (NYSE: GT) today announced that it has amended and restated its European revolving credit facility and closed an offering of euro 250 million aggregate principal amount of senior notes due in 2019 by its European subsidiary, Goodyear Dunlop Tires Europe B.V....

In his address at The Goodyear Tire & Rubber Company's (NYSE: GT) Annual Shareholder Meeting today, Chairman and Chief Executive Officer Richard J. Kramer said he is confident in Goodyear's strategy and believes the company is well positioned to achieve its goals. Kramer said he is pleased...

Shareholders of The Goodyear Tire & Rubber Company (NYSE: GT) today re-elected 12 members of the company's Board of Directors. The appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2011 was also ratified by shareholders. In votes on...

Deutsche Bank is out with its report today on Goodyear Tire & Rubber (NYSE: GT), maintaining Buy. In a note to clients, Deutsche Bank writes, "Goodyear announced an 'up to 8%' price increase for light vehicle tires, effective May 1. This follows a 6% price increase for light vehicle tires on...

J.P. Morgan is continuing to rate Goodyear Tire & Rubber Co. (NYSE: GT) Overweight. “Our December 2011 price target of $17 is based on ~4.5x 2012E EBITDA,” J.P. Morgan writes. “We use a lower multiple for GT relative to the multiple realized by many other automotive and tire companies...

Titan Tire Corporation, a subsidiary of Titan International, Inc. (NYSE: TWI), closed today on the acquisition of The Goodyear Tire & Rubber Company's (NYSE: GT) Latin American farm tire business for approximately $98.6 million U.S. dollars, subject to post-closing conditions and adjustments,...

Deutsche Bank is adjusting its estimates for Goodyear Tire & Rubber Co. (NYSE: GT) “to reflect its mandatory convertible preferred stock offering.” “Assuming the $65MM overallotment is exercised, total company proceeds will be $484MM,” Deutsche Bank writes. “We expect the company to use...

Goodyear (NYSE: GT) announced a $500MM mandatory convertible preferred stock offering. Net proceeds for the company are projected at $484MM, of which $387 MM will be used to claw back some of the company's 10.5% notes. Deutsche Bank assumes that the remaining $97 MM will be used to further reduce...

The Goodyear Tire & Rubber Company (NYSE: GT) today announced that its public offering of 8.7 million shares of its mandatory convertible preferred stock was priced at $50 per share. In addition, the underwriters have an option to purchase up to an additional 1.3 million shares of mandatory...