SOURCE: Signal Watch

Signal Watch

August 10, 2011 08:37 ET

Analytical Reports on Cooper Tire & Rubber Co. and Goodyear Tire & Rubber Co. - Raw Materials Hurt Some Tire Companies

NEW YORK, NY--(Marketwire - Aug 10, 2011) - www.SignalWatcher.com provides members with proprietary analysis of over 10,000 stocks which is updated every day. Today, members can receive their complimentary stock analysis on Cooper Tire & Rubber Co. (NYSE: CTB) and Goodyear Tire & Rubber Co. (NYSE: GT). Sign up now on www.SignalWatcher.com to get your free reports on these stocks.

Weak consumer demand in North America and higher raw materials costs have hurt sales of some tire companies within the rubber and plastics industry. Despite the headwinds, a few companies were still able to widen margins.

www.SignalWatcher.com brings investors free classic analysis on Cooper Tire & Rubber Co., Goodyear Tire & Rubber Co. and other companies within the Rubber & Plastics industry. This type of analysis is only a fragment of the information members have available to them. To learn more we encourage investors to sign up at http://signalwatcher.com/EmailSignup.php.

Cooper Tire and Rubber Co. actually grew revenues 15% compared to last year's second quarter but saw profits swoon. Cooper earned $11.5 million in this year's second quarter, far less than $44.1 million it earned a year earlier. Higher raw materials costs can be credited for much of the gap. www.SignalWatcher.com gives traders a unique insight about Cooper Tire & Rubber Co. by registering now at http://signalwatcher.com/CTB/August102011.php.

As raw materials weigh on margins, some companies are opting to improve efficiency and up expansion efforts in international markets. Goodyear Tire and Rubber Company has pledged $1 billion in gross savings by 2012 and intends to grow sales in emerging Asian and Latin American markets. Goodyear was also only slightly affected by weaker North American demand and managed to improve total sales by an impressive 24% in its second quarter. www.SignalWatcher.com gives traders a unique insight about Goodyear Tire & Rubber Co. by registering now at http://signalwatcher.com/GT/August102011.php.

Moving forward, significant changes to consumer demand and raw materials pricing do not seem likely in the short-term. Tire companies will likely look to improve operating efficiency and to get more out of international markets.

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