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Stock Market & Financial Investment News

News Breaks
March 19, 2013
06:59 EDTCTB, GTGoodyear Tire remains a favorite name in tires, says Goldman
Goldman remains positive on the Tire & Rubber sector and expects income growth to be driven by increased replacement volumes and lower input costs. The firm's checks indicate price/mix headwinds are less severe than initial expectations and lower raw materials costs should offset the impact. The analyst's favorite name remains Buy rated Goodyear tire.
News For GT;CTB From The Last 14 Days
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February 24, 2015
11:25 EDTGTGoodyear Tire to pay more than $16M to settle SEC charges of FCPA violations
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07:30 EDTGTJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
February 23, 2015
07:46 EDTGTJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 23 at 8:20 am; not all company presentations may be webcasted. Webcast Link
07:33 EDTCTBCooper Tire announces new $200M share repurchase authorization
Cooper Tire & Rubber Company announced that its Board of Directors has authorized the repurchase of up to $200M of the company’s outstanding common stock through December 31, 2016. Shares will be repurchased from time to time, based on market conditions and will be executed through open market purchases, privately negotiated purchases or otherwise. All or part of the repurchases may be implemented under Rule 10b5-1 trading plans, which allow repurchases under pre-set terms when the company might otherwise be prevented from doing so. The repurchased shares will be held in Treasury and used for general corporate purposes. The company recently completed a $200M accelerated share repurchase program announced in August 2014.
07:32 EDTCTBCooper Tire sees FY15 CapEx $205M-$215M, effective tax rate 30%-35%
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07:31 EDTCTBCooper Tire reports Q4 EPS 45c ex-gain, consensus 64c
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February 20, 2015
15:31 EDTCTBCooper Tire volatility elevated into Q4 and outlook
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10:30 EDTGTOptions with decreasing implied volatility
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February 17, 2015
10:12 EDTGTGoodyear Tire moves higher after earnings, levels to watch
At the last price of $26.95, the stock is up over 3.3% on the day following its earning report before market open. Resistance is at the high of the day at $27.22 and then at $27.51, the bottom of a bearish gap down in price from January. Support is at the 50-day moving average, last at $26.57.
08:18 EDTGTGoodyear Tire backs 2015-2016 operating income growth of 10%-15%
Backs 2015-2016 annual positive free cash flow from operations and an adjusted debit to EBITDAP ratio of 2.0x to 2.1x.
08:17 EDTGTGoodyear Tire reports Q4 Tire unit volumes totaled 39.5M
Original equipment unit volume was down 1 percent, primarily due to continued industry weakness in Latin America. Replacement tire shipments were down 4 percent, due to lower sales of winter tires in Europe resulting from one of the warmest winters on record.
08:17 EDTGTGoodyear Tire reports Q4 EPS excl items 59c, consensus 58c
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05:00 EDTGTGoodyear Tire volatility elevated into Q4 and outlook
Goodyear Tire February call option implied volatility is at 90, March is at 43, April is at 33; compared to its 26-week average of 36 according to Track Data. Elevated volatility suggests traders taking positions for large price movement into the expected release of Q4 results today.

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