Today, 10:39 AM
- Automobile industry supplier stocks are tilting lower after WABCO and Modine Manufacturing issued guidance below the expectations of analysts.
- F/X pressure and some uncertainty in the markets in Brazil and China are weighing on the sector.
- Decliners: WABCO (NYSE:WBC) -2.9%, Modine Manufacturing (NYSE:MOD) -2.5%, Meritor (NYSE:MTOR) -2.4%, Motorcar Parts of America (NASDAQ:MPAA) -2.3%, Westport Innovations (NASDAQ:WPRT) -2.0%, Federal-Mogul (NASDAQ:FDML) -1.8%, Stoneridge (NYSE:SRI) -1.3%, Lydall (NYSE:LDL) -1.3%, Cooper-Standard Holdings (NYSE:CPS) -1.2%.
Yesterday, 12:47 PM
Yesterday, 9:40 AM
- Gross margin rate increased 140 bps to 17.3% led by improvements in North America and Building HVAC segments.
- Segment sales: North America: $146.2M (+1%); Europe: $136M (-14%); South America: $20M (-31%); Asia: $21.2M (+7%); Building HVAC: $43.8M (+4%).
- Adjusted operating margin rate grew 128 bps to 4.74%.
- FY2016 Guidance: Sales: flat to -5% (+1% to +6% on a constant currency basis); Adjusted operating income: $65M to $70M; Adjusted EPS: $0.75 to $0.82.
Yesterday, 8:15 AM| Comment!
Wed, May 27, 5:30 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%.
Wed, Feb. 4, 8:08 AM| Comment!
Tue, Feb. 3, 5:30 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%).
Oct. 30, 2014, 8:14 AM| Comment!
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.
Jul. 31, 2014, 8:18 AM| Comment!
May 29, 2014, 8:19 AM| Comment!
May 28, 2014, 5:30 PM
May 12, 2014, 10:38 AM
- Auto parts stocks are ripping gains to begin the week.
- A positive read on global demand from Volkswagen, General Motors, and Tata Motors could be helping to tip sentiment in favor of the group.
- Advancers: Meritor (MTOR) +4.2%, Federal-Mogul (FDML) +3.8%, Standard Motor Products (SMP) +3.6%, Modine Manufacturing (MOD) +3.2%, American Axle & Manufacturing (AXL) +3.0%.
Jan. 31, 2014, 8:18 AM| Comment!
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