MAJOR COUNTER RALLY UNDERWAY IN OVERSOLD AUTO SUPPLIERS After major SHORT gains in 2018, we were fully expecting a counter rally / consolidation in the SII: AUTO – SUPPLIERS Watch List positions. It has been underway across the whole sub sector since year beginning. This week we have seen another leg: Six of the Top […]
VC
VISTEON: TAKE PROFITS AT ~$60/SHARE (CURRENT MATASII GAINS OF 36.5%)
VISTEON: TAKE PROFITS AT ~$60/SHARE (CURRENT MATASII GAINS OF 36.5%) VC CHART AS OF CLOSE 12-07-18 Business Summary (Yahoo Finance) Visteon Corporation designs, engineers, and manufactures electronics products for original equipment vehicle manufacturers worldwide. The company provides instrument clusters, including standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, 2-D, and 3-D display-based devices; information displays that […]
STALLING FORD & GM PUMPING THE BRAKES ON SUPPLIERS
STALLING FORD & GM PUMPING THE BRAKES ON SUPPLIERS Auto-parts suppliers like Nexteer are being squeezed hard. — SOURCE: 04-17-18 Bloomberg – “The Unappealing Story Under GM’s Hood” — Photographer: Nick Hagen/Bloomberg What’s a better bet — the car, or the parts under the hood? Investors have long believed the latter, but that may be […]