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Tenneco (TEN) designs, manufactures, and sells emission control and ride control products and systems for light, commercial, and specialty vehicle applications worldwide. The company offers emission control systems, such as catalytic converters and diesel oxidation catalysts to reduce harmful gaseous emissions; diesel particulate filters to eliminate particulate matter emitted from diesel engines; burner systems, which combust fuel and air inside the exhaust system; and hydrocarbon vaporizers and injectors. It also provides lean nitrogen oxide traps, selective catalytic reduction systems, and alternative NOx reduction technologies that reduce nitrogen oxide emissions from diesel power trains; mufflers and resonators to provide noise elimination and acoustic tuning; exhaust manifolds that collect gases from individual cylinders of a vehicle's engine and direct them into a single exhaust pipe; pipes to connect various parts of hot and cold ends of an exhaust system; hydro formed assemblies; hangers and isolators used for system installation and elimination of noise and vibration; and after treatment control units. In addition, the company offers ride control systems comprising shock absorbers, struts, vibration control components, a suite of roll-control and nearly equal wheel-loading systems, and advanced suspension systems, as well as other ride control products, including load assist products, springs, steering stabilizers, suspension kits, and modular assemblies. The company provides its products under the Monroe, Rancho, Clevite Elastomers, Marzocchi, Axios, Kinetic, Fric-Rot, Walker, Fonos, DynoMax, Thrush, and Lukey brands. It serves original equipment manufacturers, and repair and replacement markets. We are now hearing rumors of good news for this stock. One of the rumors states that when the firm report earnings on August 15th, the results will be much better than the Street expects.Shares are heading higher in a bullish "cup & handle" and are expected to move higher in this formation. The stock has a 52-week trading range of $22.47 - $40.69. Shares last traded at $27.94. Should you decide to take a position, wait for the morning volatility to wear off and use a stop-loss of $26.54 (five percentage points below your purchase price.) Be sure to use a limit order and not a market order. Keep in mind that our price target is 10% higher than your purchase price.
