Wed, Apr. 29, 7:50 AM
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Thu, Apr. 9, 12:37 PM| Comment!
Tue, Mar. 10, 11:12 AM| Comment!
Mon, Mar. 2, 1:57 PM
- There's a broad rally in auto parts stocks underway after a strong read on sales in some key European markets.
- Sales in Spain rose 26% Y/Y in February, while sales improved 7% in Germany and 4.1% in France.
- February U.S. sales are due to be reported tomorrow by manufacturers.
- Gainers: Federal-Mogul (NASDAQ:FDML)+4.1%, Westport Innovations (NASDAQ:WPRT) +2.6%, Modine Manufacturing (NYSE:MOD) +2.6%, Dana Holding (NYSE:DAN) +2.5%, Visteon (NYSE:VC) +2.4%, BorgWarner (NYSE:BWA) +2.4%, Lear (NYSE:LEA) +2.4%, Lydall (NYSE:LDL) +2.2%, Johnson Controls (NYSE:JCI) +2.2%, Delphi Automotive (NYSE:DLPH) +2.0%.
Tue, Feb. 24, 10:00 AM| Comment!
Tue, Feb. 24, 8:27 AM
Mon, Feb. 23, 5:30 PM
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Mon, Feb. 9, 5:02 PM
- Icahn Enterprises (NASDAQ:IEP) agrees to purchase substantially all the assets of Uni-Select USA, which has 39 distribution centers and satellite locations, and 340 corporate-owned jobber stores in the U.S. supporting a network of more than 2K independent wholesalers.
- Icahn: "With the advent of the bull market over the last five years, it has become increasingly difficult to find companies that we believe to be undervalued and with growth potential. That is why we were happy when we learned that the U.S. segment of Uni-Select was available."
- The business will be operated independently from Federal-Mogul (NASDAQ:FDML), and as such Carl Icahn is resigning as FDML's chairman, and FDML co-CEO Daniel Ninivaggi is resigning from the Icahn Enterprises board.
- Source: Press Release
Mon, Feb. 2, 12:19 PM
- A number of auto parts stocks are in rally mode today.
- A positive forecast on global demand from IHS could be boosting sentiment.
- The research firm projects global sales will improve 2.4% to 88.6M units - a mark that is dragged down by the collapse of the Russian auto industry.
- Some analysts think the sector is setting up to see a delayed demand reaction this year as drivers add more miles than anticipated to their cars with gas prices lower.
- Easy sales comparisons are also looming in the second half for many companies/
- Advancers: Tenneco (TEN +4.7%), Federal-Mogul Holdings (FDML +2.8%), Modina Manufacturing (MOD +3.4%), Superior Industries (SUP +3.3%), BorgWarner (BWA +1.7%), Cooper-Standard Holdings (CPS +1.1%), Delphi Automotive (DLPH +1.9%), Dana Holding (DAN +1.7%), Autolive (ALV +1.6%), Lear (LEA +1.5%).
Dec. 3, 2014, 10:06 AM
- There's a broad rally in auto parts stocks the day after major U.S. automakers reported largely favorable reports on November sales.
- News from China on aggressive plans by automakers to add capacity is also supporting the sector.
- Gainers: Stonebridge (NYSE:SRI) +2.7%, Tenneco (NYSE:TEN) +2.1%, Dana Holding (NYSE:DAN) +2.1%, Gentherm (NASDAQ:THRM) +1.8%, American Axle & Manufacturing (NYSE:AXL) +1.8%, Federal-Mogul Holdings (NASDAQ:FDML) +1.7%, Autoliv (NYSE:ALV) +1.5%, Johnson Controls (NYSE:JCI) +1.5%.
Oct. 22, 2014, 8:27 AM
Oct. 22, 2014, 7:45 AM
Oct. 21, 2014, 5:30 PM
Oct. 14, 2014, 10:09 AM
- Auto suppliers are off and running after Goldman Sachs issues some upgrades in the sector with a positive stance on demand.
- Goldman's call on the sector follows a positive spin from Barron's over the weekend.
- Gainers: Federal-Mogul (NASDAQ:FDML) +6.0%, American Axle & Manufacturing (NYSE:AXL) +5.7%, Delphi Automotive (NYSE:DLPH) +3.2%, BorgWarner (NYSE:BWA) +2.7%, Standard Motor Products (NYSE:SMP) +2.5%, Gentherm (NASDAQ:THRM) +1.9%.
Oct. 11, 2014, 11:05 AM
- Auto supplier stocks look poised for a vibrant rally with global demand strengthening, notes Barron's.
- A strong push by automakers to increase capacity and introduce new models with lower emissions could support the industry for years - while the race by OEMs to compete in China presents the group new opportunities.
- Innovation in self-driving car technology and the growth in electric vehicles/hydrogen-powered cars might also factor in to help demand.
- The auto supplier/parts trade could be relatively short-lived if a forecast from the chief economist from the National Automobile Dealers Association proves correct. Steven Szakaly thinks the U.S. can't support an annual selling rate of over 17M over the long term. Higher interest rates could be a spoiler, he notes.
- Auto supplier/parts stocks: DAN, BWA, MTOR, TRW, FDML, DLPH,GNTX, SMP, AXL, MPAA, ALV, MOD, DLPH, VC, THRM, WPRT.
FDML vs. ETF Alternatives
Federal-Mogul Holdings Corp is a supplier of vehicle and industrial products for fuel economy, emissions reduction and safety systems. It offers original equipment products and braking, chassis, wipers and other vehicle components.
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