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Stock Market & Financial Investment News

News Breaks
February 13, 2014
18:47 EDTGTGoodyear Tire, Sumitomo look to dissolve 15-year partnership, Nikkei reports
Sumitomo Rubber Industries and Goodyear Tire & Rubber are seeking to dissolve a 15-year partnership due to rising emerging markets and intense price competition, according to Nikkei.Reference Link
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November 25, 2014
07:42 EDTGTGoodyear may benefit in 2015 from Chinese tire duties, says Deutsche Bank
After the Department of Commerce assigned a higher than expected preliminary subsidy rate of 15.69% to tires exported from China, Deutsche Bank noted that additional tariffs on Chinese tires would likely have a significant impact on the U.S. tire market and be positive for companies like Goodyear (GT). Cooper Tire (CTB) is another publicly traded U.S. tire company. The firm notes that the ITC is scheduled to release the more significant preliminary ruling on whether Chinese tire makers dumped tires into the U.S. market around January 20, which could result in tariffs that would likely be significantly higher than the countervailing duty. Deutsche has a Hold rating and $29 price target on Goodyear.
05:51 EDTGTStocks with implied volatility movement; GT LOCO
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