Wed, Apr. 8, 7:28 AM
Mon, Mar. 16, 2:43 PM
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%.
Thu, Feb. 26, 7:05 AM
Fri, Jan. 2, 10:13 AM
- Visteon (VC -0.9%) plans to unveil a new electronics solution for the connected vehicle concept at the 2015 International CES next week.
- The automobile industry and regulators haven't decided on a universal platform for car-to-car communication yet.
- Related: Google and automakers advance uneasy partnership (Dec. 19 2014)
Dec. 18, 2014, 11:21 AM
Dec. 17, 2014, 9:35 AM
- Visteon (VC +6%) enters an agreement to sell close to 70% of Halla Visteon Climate Control to an affiliate of Hahn & Company for $3.6B.
- The company says it expects the deal to close in the first half of 2015, but in the meantime is hedging most of the proceeds against currency swings.
- Shares of Visteon perked up in November after the company confirmed it was in talks over a deal.
Nov. 25, 2014, 9:00 AM| Comment!
Nov. 24, 2014, 8:07 AM| Comment!
Nov. 6, 2014, 7:25 AM
- Visteon (NYSE:VC) reports climate sales rose 6.6% to $1.2B in Q3.
- Electronics sales skyrocketed to $760M as the acquisition of Johnson Controls' global automotive electronics business factored in.
- Hyundai and Ford accounted for over half of Visteon's sales during the quarter.
- Guidance: 2014 sales of $7.6B expected. EPS of $2.98-$3.62 forecast.
Nov. 6, 2014, 7:14 AM
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.
Sep. 25, 2014, 7:14 AM
- FBR Capital adds Visteon (NYSE:VC) to its Top Picks list and raises the price target on the stock to $130.
- The OEM supplier is leveraged to take advantage of increased auto production rates and the heightened focus on vehicle interior technology.
- FBR notes that shares of Visteon trade at a discount to the peer average.
Sep. 15, 2014, 3:35 PM
Sep. 10, 2014, 10:58 AM
- Visteon (NYSE:VC) is discussing a plan to split the companies in two, according to Bloomberg.
- A separation would see one company house the electronics business and the other would have a focus on climate controls.
- Gabelli estimates a breakup could add 25% to share price.
- Shares of VC spiked higher from negative territory and are now up 3.5% on the day.
Aug. 21, 2014, 11:43 AM
- Hedge funds are having a difficult time of it again this year, up 1% vs. a 7.5% gain for the S&P 500, according to Goldman Sachs, which crunched the numbers on 775 funds with $1.9T in AUM.
- Nevertheless, Goldman's list of 50 stocks which "matter most" to hedge funds has outperformed the S&P 500 on a quarterly basis 66% of the time since 2001. The stocks this quarter (posted in order of the number of funds in which a name is a top-10 holding):
- ACT, AAPL, FB, AGN, AAL, GM, TWC, AIG, MSFT, HTZ, CHTR, MU, WMB, LNG, C, DAL, HCA, APC, CBS, ALLY, GOOGL, APD, NRF, BAC, EBAY, LBTYK, PCLN, VRX, BIDU, DTV, DISH, DG, EQIX, MA, WAG, ARCP, GILD, LINTA, MON, FOXA, VC, AMZN, BRK.A, BRK.B, SUNE, CMCSA, JPM, MIC, CCI, HES, LAMR.
- A special call-out to Northstar Realty (NYSE:NRF), Visteon (NYSE:VC), SunEdison (NYSE:SUNE), Macquarie Infrastructure (NYSE:MIC), and Lamar Advertising (NASDAQ:LAMR) for making the list of hedge fund hotels despite their relatively tiny market caps.
VC vs. ETF Alternatives
Visteon Corp is engaged in the designing, engineering, manufacturing & supplying automotive systems, modules and components to original equipment manufacturers. Its products include instrument clusters, audio head units, decorative control, and panel.
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