In the short-term ALV does not seem to be like a good trade. Yo you should really check out awesom*sto-cks, they seem on point with their stocks.
Very difficult to see ALV not making a big run north. google awe-SOME-stocks - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
Why is ALV down today, what was in the earnings today
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.9 In other words, the correlation coefficient of the other stocks
ALV has just seen the last of the selling. Looks like a potential push higher is in store. check out awe-someSTOCKS, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
eps estimate for next quarter is 1.55 – so we could see some upside on ALV but perhaps a short-term pull back is more likely before the next rally. have you guys heard of awesom-eSTOCKS. i started receiving their allerts and so far i am happy.
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Toyota recall is estimated to cost ALV 10-40 mil. Not very much, so reaction seems too strong. On the other hand, BMW is supposed to make an announcement about companies helping with self driving car, and ALV is not mentioned but MobilEye is. BMW is a big customer of ALV active safety.