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| 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.
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.
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