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Is Now a Good Time to Consider Goodyear?

Posted Oct 5th 2010 4:40PM by Joseph Lazzaro (RSS feed)
Filed under: Goodyear Tire and Rubber (GT), Stocks to Buy

The bear-hug formation by Goodyear Tire & Rubber Company (GT), on May 5, 2009 at a price of $13.30, appears to be over, and now may be good time to consider the shares.

After the August 30 stand aside observation, Goodyear continued to downtrend and took out key, psychological support at $10, dropping to a 2010 low of $9.10 in September. The stock has since move back above the $10 level, and closed Tuesday up 32 cents to $10.88, amid a broader market rally.

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Goodyear's Q1: Pricing Power Suggests Better Days Are Ahead

Posted May 3rd 2010 5:20PM by Joseph Lazzaro (RSS feed)
Filed under: Earnings Reports, Goodyear Tire and Rubber (GT), Stocks to Buy

Is Goodyear Tire and Rubber Company's (GT) first quarter performance saying something about the state of pricing power in mid-2010? Perhaps.

Excluding items and one-time charges, Goodyear reported first quarter earnings of 18 cents per share, compared to the Thomson/Reuters First Call estimate of a loss of 2 cents. Wall Street initially pushed the shares up, but quickly took back the gains, and the shares are trading about where they were prior to the first quarter report: around $14.

First quarter revenue increased 21% to $4.3 billion. Tire shipments totaled 43.9 million, up 14% compared to a year ago.

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Goodyear beats analysts, stock heads higher

Posted Jul 31st 2009 3:50PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Ford Motor (F), Goodyear Tire and Rubber (GT)

The Goodyear Tire & Rubber Company (NYSE: GT) is having a good day. Shares of Goodyear are up almost 8% in afternoon trading. Volume looks healthy, too. The company may have reported a loss for the second quarter, but since expectations were soundly beat, the market saw fit to bid shares higher (and I'm sure a fair amount of traders who short the stock were forced to cover).

According to Reuters, Goodyear said it lost, on an adjusted basis, 35 cents per share. That compares to expectations for a loss of double that amount.

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