Tuesday, November 27, 2012

Chart of the Day - Delphi Automotive (DLPH)

The "Chart of the Day" is Delphi Automotive (DLPH), which showed up on Friday's Barchart "All-Time High" list. Delphi on Friday posted a new all-time high of $34.10 and closed +1.34%. TrendSpotter turned long on Nov 19 at $33.37. In recent news on the stock, RW Baird on Nov 2 said that Delphi continues to be a top idea due to strong cash flow and operational execution. Baird reiterated its Outperform rating and raised its target to $41 from $36. Deutsche Bank on Nov 2 reinstated research coverage on Delphi with a Buy and a target of $41. Delphi on Nov 1 reported Q3 EPS of 84 cents, well above the consensus of 73 cents. Delphi Automotive, with a market cap of $10 billion, is a vehicle components manufacturer and provides electrical and electronic, powertrain, safety and thermal technology solutions to the global automotive and commercial vehicle markets.

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