Auto Parts Stock Johnson Controls Revving Up

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As InvestorPlace.com editor Michael Goodman pointed out yesterday afternoon, it was the best day for auto stocks in a while on Thursday - with Ford (NYSE: F ) revving up 5%. On the heels of this news, Johnson Controls (NYSE: JCI ) is perfect for our Trade of the Day.

Founded in 1885, Johnson Controls is a supplier of building controls and energy management systems, automotive seating, and batteries. JCI may at first seem boring. But it has consistently been the leading supplier of interior products and systems as well as batteries for both American and European cars and light trucks.


And its strong management team and healthy balance sheet sets it apart and places it near the top of profitable U.S. companies. S&P is looking for earnings of $2.52 in 2011 vs. $1.99 in 2010. It believes that JCI can earn $3.04 in 2012. S&P has a "Five-Star Strong Buy" on the stock with a 12-month target of $48.

The breakout from a double top last year targets the stock at $50 with relatively low risk.

johnson controls jci stock

Johnson Controls is our Trade of the Day as a result.

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: F

Sam Collins

Sam Collins

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