the auto sector is so manipulated , its not funny , almost all car markers are making record sales right now yet wall st is not bullish
I've been watching HAR for several months and decided to buy a few shares at yesterday's close. It seems like a good long-term buy at these levels.
Barclays analyst Brian Johnson downgraded the entire U.S. Autos and Auto Parts sector to "Negative" from "Neutral" due to concerns in China, negative sales in the third quarter and declining production in 2016.
IMO, it is a very cheap sector.
I think the sell-off of HAR is related to recent downgrades of auto makers and auto suppliers due to declining demand in China. I know HAR gets a decent chunk of revenue from their auto contracts, but the sellers are showing HAR no mercy. With regard to HAR's stock price, it might get worse before it gets better.
HAR has been struggling over the past few sessions, but today's selling really accelerated into the close. I'm not sure if today's bloodbath was computer selling triggered by eroding technicals or if bad news is about to break.
Agree...did not get the other shares...just watching this right now. Has been selling off for sometime it feels. Under 110. WOW. Not looking to be pushed out, but not hearing any news is concerning giving the movement of the stock.
Did get in, only 400 shares. Up a bit now like 2.5%. Think there is some excellent upside here for this leader.
Sentiment: Strong Buy
Great points, and a very nice move today. I did not get in yet. Looking at analyst estimates it shows 2016 being about a 20% increase if you believe the estimates. Applying a simple 20 multiple on that you get a valuation of $135.80. Given HAR is a leader and will likely have opportunities to expand and collaborate that could push 2016 higher, then this should be fairly solid. Would say simple calc shows it 11% undervalue. Have not done any DCF analysis. Was looking at maybe doing selling some puts, but think I might miss the runup if I did.
What are thoughts on upcoming earnings. Last earnings was not good and stock is down 20% from the highs. HAR is still the leader and you buy leaders. Looking at 2016 YE (June) analysts estimates show EPS of 6.79. Doable? If so, then this is only priced at 17.4 x next years earnings, which seems quite cheap for a growth area with a company leader in the industry. Curious what others thoughts are. Was looking to jump in, but stock seems to continue to have weakness even on strong market days.
Cramers says...."This is why Cramer instead recommended looking for industries with little competition, or where capacity is being reduced. Those are the groups with safe growth.
A few stocks that Cramer suggested are biotechs such as Regeneron and United Therapeutics, Target, WhiteWave, Hain Celestial, Harman International and Cramer-fave Netflix.
But the Yahoo headline reads...Cramer: Bail out now on this groupat CNBC(Wed, May 20)
lol, some due diligence regarding not misrepresenting the headline versus what is actually in the content would be nice.
true, but when they stop selling this thing rocks. someone is accumulating. low float, easy to bring it down while big sellers are involved.
this is such nonsense to sell off this much. its a low float stock being pushed around. almost 6 bil in revs, $7 in cash, 15-20% growth. I guess without a buyback program going on, its just going to fall to the 200 day. c'mon management, support the stock.