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EPS100Momentum
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Author has a degree in Engineering and is an avid investor in the market. Experience in industrial materials and structures. In college studied atomic & nuclear physics as well as material engineering. Eastern European
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  • Rockwood, US steel among a couple to benefit from today's Auto news. 0 comments
    Dec 1, 2010 3:01 PM | about stocks: ROC, X, F, HMC, GM, DDAIF, NSANY, TM, TTM, RS, AKS, MT, MTL, SLV, GLD, SIVR, SIL, GOLD, NEM, FCX, BVN, BHP, RIO, POT, MOS, AGU, CF, BG

    I am anticipating a big earnings beat by Rockwood because I believe its current estimates are too low based on the numbers reported today by the Auto industry:

    ROCKWOOD (ROC) has a Specialty Chemicals segment offers lithium compounds and chemicals; metal surface treatment chemicals, including corrosion protection/prevention oils; synthetic metal sulfides; and maintenance chemicals. This segment serves automotive pre-coating metal treatment and car body pre-treatment, steel and metal working, life sciences, polymerization initiators for elastomers, steel and metal working, batteries, disc brakes, and aircraft industries.

     

    Today the Auto Industry reported :

    Hyundai Motor America reports November sales increased 45% y/y to 40,723 units

    Audi reports November U.S. new sales increased 37.5% to 9,365 vehicles

    Nissan Motor reports Nov North America Sales increased 26.8% to 71,366 units

    Toyota Motor reports US Nov sales decreased 7.3% y/y to 129,317 units

    Mazda North American reported Nov sales increased 7.4% y/y to 15,304 vehicles

    Mercedes-Benz USA reported November sales volume increased 13.3% to 19,037

    Ford Motor November sales up 24% ; gains across full vehicle portfolio - cars, utilities and trucks

    Volkswagen AG increases November sales 24.2% YoY

    Honda Motor: American Honda Motor reports November sales increased 16.1% y/y to 89,617 vehicles 

    BMW Group in the U.S. reported November sales increased 27.1% y/y to 22,883 vehicles

    (Now we know why Rockwood was able to raise its Lithium compounds by 8% on Oct. 1st, 2010 because the demand was there to support higher prices)

    Stocks: ROC, X, F, HMC, GM, DDAIF, NSANY, TM, TTM, RS, AKS, MT, MTL, SLV, GLD, SIVR, SIL, GOLD, NEM, FCX, BVN, BHP, RIO, POT, MOS, AGU, CF, BG
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