Gordon Reid Goodyear Tire GT-Q TOP PICK Apr 07, 2022

Our PAST TOP PICK with GT is progressing well.  To remain disciplined, we recommend trailing up the stop (from $8) to $10 at this time.

We reiterate GT as a TOP PICK.  Recently reported earnings showed revenues up over 6% beating analyst expectations, with the American region leading the way with 12% growth, showing signs that post-pandemic driving is back on the upswing.  It trades under book value and at 15x earnings.  We like that cash reserves are growing while debt is aggressively retired and stock is bought back.  We recommend maintaining the stop at $10, looking to achieve $13 -- upside potential of 23%.  Yield 0% 

Our PAST TOP PICK with GT has achieved its target at $13.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $10) to $11.  

Our PAST TOP PICK with GT is progressing well.  We now recommend trailing up the stop (from $11) to $12.

Our PAST TOP PICK with GT has triggered its stop at $12.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 9%, when combined with our previous recommendations.