Auto-Parts Makers Surges On Hope For the Sector (ARM, DAN, AXL, LEA)

Auto-parts makers are surging higher today following a smaller-than-expected loss from ArvinMeritor (NYSE: AMR) and comments from the company that North America and South America are showing signs of stabilization, and certain markets in Asia are indicating slight signs of improvement.

Also benefiting the group today was lobbying from the lone-standing US big-3 company Ford Motors (NYSE: F), who Chairman, Bill Ford, said the U.S. Auto Task Force should help suppliers.

Stocks:

• ArvinMeritor Inc. (NYSE: ARM) +65%
  
• Dana Holding Corporation (NYSE: DAN) +31%
  
• American Axle & Manufacturing Holdings Inc. (NYSE: AXL) +54%
  
• Lear Corp. (NYSE: LEA) +44%
  
• Tenneco (NSYE: TEN) +24%
  
• TRW (NYSE: TRW) +12%

  
  

  Related Categories

  Insiders' Blog
  Momentum Movers
  Trader Talk
  
  

  Stocks Mentioned

  AMR 5.47

  -0.08 -1.44%
  Volume: 8,205,162
  Track AMR

  ARM 8.52

  -0.04 -0.47%
  Volume: 773,368
  Track ARM

  AXL 6.43

  -0.18 -2.72%
  Volume: 1,376,969
  Track AXL

  DAN 6.82

  -0.16 -2.29%
  Volume: 2,378,941
  Track DAN

  F 8.64

  -0.09 -1.03%
  Volume: 59,309,871
  Track F

  LEA 63.75

  +0.25 +0.39%
  Volume: 1,135,962
  Track LEA

  TRW 22.85

  -0.20 -0.87%
  Volume: 1,285,659
  Track TRW

  
  

  Add Your Comment

  Name

  Subject

  Body

  Verification can't see the text?
  click here to refresh the image.
  what's this?
  
  
  

  Sign up for StreetInsider Free!

  Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!