Goodyear (GT) is poised to benefit from the buyout of Cooper Tire, Goodyear Forward plan and EMEA restructuring amid high inflation and weak commercial truck business.
The stock market has risen without much volatility. Quiet days favor stocks such as Citigroup, Comerica, Carnival, ABM, Synchrony, Cleveland Cliffs, and Goodyear, says 22V Research.
Goodyear (GT) reports mixed first-quarter results and, based on recent commodity rates, expects a benefit of $325-$350 million on raw material costs in 2024.