Early Briefing and Review: American Axle & Manufacturing, Meritor, LKQ Corp., and Tenneco

LONDON, August 2, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Auto sales in the US rose sharply in July driven by solid demand for pickup trucks, with major automakers registering double-digit growth. The demand for pickup trucks is attributable to a rebound in homebuilding and energy industries. Auto sales in July rose to a level not seen since 2007. With auto sales continuing to rise, the outlook for auto parts manufacturers has improved significantly. On Thursday, August 1, 2013, shares in auto parts manufacturers ended mostly higher, tracking the broader market. The major movers in the industry included American Axle & Manufacturing Holdings Inc. (NYSE: AXL), Meritor Inc. (NYSE: MTOR), LKQ Corporation (NASDAQ: LKQ), and Tenneco Inc. (NYSE: TEN). AAAResearchReports.com has released free charting and technical research on these aforementioned companies. Register to read these reports at:

http://www.aaaresearchreports.com/register/  

Shares in American Axle & Manufacturing Holdings Inc. edged higher on Thursday, extending their gains from previous trading sessions. The company's shares hit a 52-week high of $19.87 before finishing the day 1.75% higher at $19.79. A total of 2.94 million shares were traded, which is above the daily average volume of 1.22 million. The stock has gained 3.02% in the last three trading sessions as compared to 1.28% gain in the S&P 500. Sign up for free report on AXL at:

http://www.AAAResearchReports.com/AXL080213.pdf

Meritor Inc.'s stock moved lower on Thursday, reversing some of its gains from previous trading sessions. The company's shares oscillated between $7.84 and $8.46 before closing the day 1.35% lower at $8.02. A total of 2.62 million shares were traded, which is above the daily average volume of 1.23 million. The company's shares have advanced 8.38% in the last three sessions, outperforming the S&P 500. The stock is also trading close to its 52-week high of $8.50. MTOR free technical report can be accessed by signing up at:

http://www.AAAResearchReports.com/MTOR080213.pdf

Shares in LKQ Corporation surged on Thursday, ending the session at $29.11, up 11.66% from the previous closing price. The company's shares hit a 52-week high of $30.17. A total of 4.57 million shares were traded, which is above the daily average volume of 1.30 million. The stock has gained 22.16% in the last three months, outperforming the S&P 500 which has advanced 7.85% during the same period. Moreover, the stock is currently trading above its 50-day and 200-day moving averages. A free report on LKQ can be accessed by registering at:

http://www.AAAResearchReports.com/LKQ080213.pdf

Tenneco Inc.'s stock rose sharply on Thursday, tracking gains in the broader market. The company's shares fluctuated between $48.78 and $50.04 before finishing the day 3.39% higher at $49.97. A total of 688,110 shares were traded, which is slightly above the daily average volume of 656,218. The company's shares have gained 7.46% in the last one month and 31.57% in the last three months, outperforming the S&P 500 during the respective periods. Furthermore, the stock is currently trading near its 52-week high of $50.70. Register with AAA Research Reports and download research on TEN for free at:

http://www.AAAResearchReports.com/TEN080213.pdf

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SOURCE AAA Research Reports