Tires & Rubber

The Goodyear Tire & Rubber Company (NYSE: GT) today announced that Stephen R. McClellan has been named president of the company's North American Tire business unit.  McClellan will succeed Curt Andersson, who plans to pursue other professional interests.  McClellan will continue to be...

This is your Benzinga news summary and traders' outlook for Thursday, August 18, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. Morgan Stanley lowered its global growth targets for both 2011...

HCP Inc (NYSE: HCP) was downgraded by Robert W. Baird from "outperform" to "neutral." HCP's shares closed at $34.70 yesterday. HCP's trailing-twelve-month ROE is 5.88%. Goldman Sachs downgraded Goodyear Tire & Rubber Company (NYSE: GT) from “neutral” to “sell.” GT's stock closed at $13.34...

Goldman Sachs has downgraded Goodyear (NYSE: GT) from Neutral to Sell.

Major U.S. Indexes are building upon yesterday's gains, on the heels of a 0.5% increase in retail sales – the biggest gain since March. August Consumer sentiment, however, plunged from 63.7 in July to 54.9 – its lowest level since May of 1980. The market seems to be shrugging off the consumer...

This is your Benzinga news summary and traders' outlook for Tuesday, August 9, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set for another volatile morning as traders wait for the Federal Reserve's...

J.P. Morgan Chase & Co. is out with a research report on Cooper Tire & Rubber (NYSE: CTB) and is lowering its price target to $16 from $30, and it has an Overweight rating on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "CTB reported fairly weak 2Q earnings primarily...

JP Morgan has lowered the price target on Cooper Tire & Rubber (NYSE: CTB) from $30 to $16 and maintains its Overweight rating.

General Motors Co (NYSE: GM) reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However, analysts...

Cooper Tire & Rubber Co (NYSE: CTB) reported a 74% drop in its second-quarter profit. Cooper Tire reported its quarterly earnings at $11.5 million, or $0.18 per share, down from $44.1 million, or $0.70 per share, in the year-ago period. Its revenue climbed 15% to $922 million. However,...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...

Cusick's Corner I thought the market was going to get a little lift into the After Hours with Finance, XLF, and Tech, QQQ/XLK, leading but that is not the case, squeezing more longs out of the market. I have ratcheted down my size in trades at this stage, and will be watching the headlines for any...

Cusick Corner Gridlock continues and hedging was the name of the game. This will be short because this budget impasse makes trading or investing dicey at best. If we go into the weekend with no resolution and more politicking, volatility will continue to grow and further uncertainty will turn into...

Astrazeneca PLC (NYSE: AZN) is expected to report its Q2 EPS at $1.80 on revenue of $8.19 billion. Exxon Mobil Corporation (NYSE: XOM) is projected to report its Q2 EPS at $2.33 on revenue of $121.39 billion. Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report its Q2 EPS at $0.55 on...

The earnings crunch continues this week even as the month of July winds to a close. Quarterly reports of note scheduled for the week include those from Netflix (NASDAQ: NFLX), United Parcel Service (NYSE: UPS), Exxon Mobil (NYSE: XOM), Starbucks (NASDAQ: SBUX), Merck (NYSE: MRK) and Dow Chemical (...