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A broad rally in auto supplier stocks isn't a shocker after positive news piled in from across...

A broad rally in auto supplier stocks isn't a shocker after positive news piled in from across the globe. In Europe, a long slide in sales has finally reversed while China is opening up the western part of its territory for manufacturers. Just to top it off quite nicely, consumer sentiment rose briskly in the U.S. Advancers: American Axle (AXL) +4.5%, Dana Holding (DAN) +4.1%, TRW Automotive (TRW) +2.2%, Navistar (NAV) +4.4%, Federal-Mogul (FDML) +4.2%, Magna International +1.9%, Meritor (MTOR) +2%, Johnson Controls (JCI) +1.9%, Exide Technologies (XIDE) +5.5%.
Comments (1)
  • For people interested in European auto suppliers, I have a blog :

     

    http://bit.ly/14rRUlm

     

    Investors might be interested in Montupet, a supplier to Ford, whose P/E's are still very low (less than 5 on 2013).

     

    The blog is in French, but if enough people are interested, I could write it in English.

     

    Best regards
    21 May 2013, 05:06 AM Reply Like
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