InvestorsHub Logo

nelson1234

03/06/23 8:58 AM

#103654 RE: larrybaz #103653

SUP exactly.. the big thing that came out of this, and imo, the reason for the move is their cash flow projections.

Some other auto parts stocks have also done well post earnings... AXL came in with a miss, it dropped like 8% early, but now is strongly up since earnings a short while ago. CPS has been strong .. crazy strong off its recent lows. Not all are going crazy, but it seems like that right now at least the sector is expecting growth, maybe not near term, but mid term at least, and again, right now at minimum, is looking at the bright side.

I would have mentioned SUP on earnings day, but I was a bit confused on the release. I mean they kinda missed the quarter a bit, and their sales guidance was just ok. Sold some pmkt, but really just a small around relative to my position. But then decided to buy those back early after looking closer at the release. Tried to buy more that morning, but just missed.