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%.
Wed, Feb. 18, 2:09 PM
- JPMorgan sees a bounce in retail sales over the next two quarters as stronger employment rates and lower gas prices underpin demand.
- A screen by JP dug out the 12 stocks which show the largest correlation with headline retail sales growth.
- A dozen to watch in retail: GM, F, COH, SBUX, BWA, DLPH, VFC, IPG, LB, OMC, TSCO, HOG
Tue, Feb. 17, 8:09 AM
- BorgWarner (NYSE:BWA) says it will provide its latest turbocharging technology to Volkswagen to extend a long partnership with the company.
- The company notes the new turbochargers for 1.4-liter three-cylinder diesel engines will comply with Euro 6 emission standards.
- Financial details of the supplier contract weren't disclosed.
Thu, Feb. 12, 8:49 AM
Wed, Feb. 11, 5:30 PM
- AAP, AAWW, AB, ACOR, ANR, APA, AVP, BG, BWA, CAB, CCE, COR, CPLA, CS, CVE, DBD, DPS, FAF, FLO, GNC, HE, HERO, HIMX, HSP, IFF, INCY, JAH, K, LMNS, LNCE, LPNT, MANU, MDWD, MFA, MFC, MHFI, MINI, MPEL, MPW, NCI, NLSN, NNN, NRP, NWE, PDS, PNK, Q, RDN, RTIX, RWLK, RYN, SCOR, SHPG, SKYW, SNI, SON, SPW, STC, THS, TIME, TU, VG, VNTV, WD, WSO, WWAV, WWE
Wed, Feb. 11, 4:46 PM
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%).
Wed, Jan. 14, 10:48 AM
- BorgWarner (BWA -5.5%) reaffirms 2014 EPS guidance of $3.23-$3.28.
- The company expects sales growth of 11.5% in 2014, down from a prior guidance range of 12%-13%.
- A strong U.S. dollar and "slightly" softer than anticipated volumes were factors in the quarter.
- 2015 guidance: Sales growth of 2% to 3% expected (+9.5%-12.0% ex-weak currencies); operating margin above 13%; free cash flow $350M-$400M; EPS of $3.35-$3.45 forecast.
Tue, Jan. 13, 8:23 AM
Tue, Jan. 6, 10:43 AM| Comment!
Nov. 12, 2014, 5:42 PM
Nov. 10, 2014, 3:19 PM
Oct. 30, 2014, 8:13 AM
Oct. 29, 2014, 5:30 PM
- ABC, ABMD, ACIW, ACOR, ALLE, ALU, AMAG, AMT, ANR, APD, APO, ATK, AUDC, AVP, BCO, BG, BGCP, BLL, BWA, CAH, CARB, CBM, CEVA, CI, CME, CNSL, COP, COR, CRCM, CRNT, CRR, CVI, CVRR, DBD, DFT, DHX, DST, EPD, EXLS, FCH, FCN, FIG, FIS, GBX, GEL, GG, GLOP, GNC, GOV, GTI, GTLS, HAR, HEES, HGG, HST, I, IDA, IDCC, INCY, INGR, IQNT, IRDM, IRM, ITC, IVZ, JCI, K, KCG, KEM, KMT, LAD, LECO, LKQ, LLL, LPLA, LRN, MA, MD, MDC, MDXG, MGM, MMYT, MO, MOD, MOS, MPC, MPLX, MPW, MSCI, MZOR, NEO, NGD, NI, NILE, NOV, NVO, NYT, O, OAK, OCN, ODFL, OXF, PBI, PCRX, PEG, Q, RDEN, RDN, RDS.A, RFP, RGLD, RTIX, SCG, SHOO, SMP, SNAK, SPAR, SSE, STRA, STRZA, SUI, TASR, TEVA, THRM, TRI, TWC, UAN, UPL, USAC, VICL, VNTV, WLT, WST, WWE, XEL
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. 14, 2014, 8:49 AM
- Goldman upgrades BorgWarner (NYSE:BWA) to Buy from Neutral, citing outsized industry growth and strong balance-sheet optionality.
- Barclays is positive on BWA going into earnings, although firm lowers PT to $67 from $76 (vs. $50.24 now).
- Gabelli upgrades shares to Buy from Hold.
- Shares of BWA are down 25.4% since early August, but analysts have resisted dropping their price targets. Consensus price target over the same period is only down 9%.
- BWA reports earnings on Oct. 30.
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