Breakfast Technical Briefing on Auto Parts Stocks -- BorgWarner, Dana, Delphi Automotive, and Tenneco
NEW YORK, June 19, 2017 /PRNewswire/ --
DailystockTracker.com is currently reviewing BorgWarner Inc. (NYSE: BWA), Dana Inc. (NYSE: DAN), Delphi Automotive PLC (NYSE: DLPH), and Tenneco Inc. (NYSE: TEN). According to a report on First Research, economic expansion in emerging markets worldwide is expected to drive healthy growth in the Auto Parts Manufacturing sector over the next several years, which should bolster demand for auto parts. Demand for auto parts is driven by new car sales, which are strongly affected by interest rates and by the replacement market. Daily Stock Tracker published free research reports on these stocks today at:
http://dailystocktracker.com/register/
BorgWarner
Auburn Hills, Michigan headquartered BorgWarner Inc.'s stock saw a drop of 5.38%, finishing last Friday's trading session at $40.99. A total volume of 3.98 million shares was traded, which was above their three months average volume of 1.96 million shares. The Company's shares have gained 2.63% in the last month and 3.93% since the start of this year. The stock is trading above its 200-day moving average by 4.88%. Additionally, shares of BorgWarner, which provides solutions for combustion, hybrid, and electric vehicles worldwide, have a Relative Strength Index (RSI) of 42.77.
On June 05th, 2017, BorgWarner announced that it will host an Investor Day for members of the investment community in Freedom Hall at the NYSE on August 07th, 2017, from 9:30 a.m. to 1:30 p.m. EDT in New York. Management will provide an update of its strategic positioning and business wins across the propulsion systems for combustion, hybrid, and electric vehicles. See our free and comprehensive research report on BWA at:
http://dailystocktracker.com/registration/?symbol=BWA
Dana
Shares in Maumee, Ohio headquartered Dana Inc. ended at $21.98, down 1.35% from the last trading session. The stock recorded a trading volume of 2.47 million shares, which was above its three months average volume of 1.77 million shares. The Company's shares have advanced 12.43% in the past month, 12.54% over the previous three months, and 15.81% since the start of this year. The stock is trading 9.59% and 20.82% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Dana, which manufactures and sells driveline, sealing, and thermal-management products for vehicle manufacturers in North America, Europe, South America, and Asia/Pacific, have an RSI of 64.54.
On June 14th, 2017, Dana has achieved the innovation milestone of 10,000 patents issued to the Company's engineers and inventors. The 10,000th patent, US 9,557,749 B2, was issued earlier this year for a Long®-brand heat exchanger with an integrated thermal bypass valve. This innovation improves vehicle system performance aimed at increasing fuel efficiency. DAN free research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=DAN
Delphi Automotive
On Friday, shares in Gillingham, the UK-based Delphi Automotive PLC recorded a trading volume of 2.36 million shares, which was above their three months average volume of 2.09 million shares. The stock declined 1.05%, closing the day at $85.01. The Company's shares have gained 3.86% over the previous three months and 26.22% on an YTD basis. The stock is trading 2.26% above its 50-day moving average and 14.88% above its 200-day moving average. Additionally, shares of Delphi Automotive, which together with its subsidiaries, manufactures vehicle components; and provides electrical and electronic, powertrain, and safety technology solutions to the automotive and commercial vehicle markets worldwide, have an RSI of 48.84.
On June 07th, 2017, Delphi Automotive and Transdev, a leading global provider of mobility services, announced a commercial partnership to develop a global, fully automated, mobility-on-demand transport system. The system will utilize Transdev Universal Routing Engine and Delphi's previously announced automated driving platform - the Centralized Sensing, Planning and Localization platform, which the Company is developing in partnership with Mobileye.
On June 15th, 2017, research firm Raymond James initiated an 'Outperform' rating on the Company's stock, with a target price of $95 per share. Sign up for your complimentary report on DLPH at:
http://dailystocktracker.com/registration/?symbol=DLPH
Tenneco
At the close of trading on Friday, shares in Lake Forest, Illinois headquartered Tenneco Inc. recorded a trading volume of 1.02 million shares, which was higher than their three months average volume of 704,110 shares. The stock finished the session 5.60% lower at $54.65. The Company's shares are trading below their 50-day moving average by 6.06%. Furthermore, shares of Tenneco, which designs, manufactures, and distributes clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide, have an RSI of 38.95.
On June 13th, 2017, Tenneco announced that, for the third year in a row, it has been named to Forbes Magazine's list of best employers in the US. For 2017, the Company ranked #6 in the Automotive category, up from #8 last year, and #162 overall, up from #276 last year. Register for free on DailyStockTracker.com and download the latest research report on TEN at:
http://dailystocktracker.com/registration/?symbol=TEN
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