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Highest Forward Earnings Yield in the Auto Parts & Equipment Industry Detected in Shares of SORL Auto Parts (SORL, AXL, CAAS, STRT, DAN)Dec 10, 2012 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Auto Parts & Equipment industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.SORL Auto Parts ranks highest with a forward earnings yield of 29.0%. Following is American Axle & Manufacturing with a forward earnings yield of 14.3%. China Automotive Systems ranks third highest with a forward earnings yield of 12.2%. Strattec Security follows with a forward earnings yield of 12.1%, and Dana rounds out the top five with a forward earnings yield of 12.0%. SmarTrend recommended that subscribers consider buying shares of Dana on November 2nd, 2012 as our technology indicated a new Uptrend was in progress when shares hit $13.88. Since that recommendation, shares of Dana have risen 4.3%. We continue to monitor Dana for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |