#3 Real America Index Stock – Goodyear
When you think about stocks that are booming in 2011, you may overlook this 110-year-old auto parts giant. But the fact is that Ohio-based Goodyear (NYSE:GT) has been burning rubber in 2011, tallying gains of over 41% so far this year!
The reason? Well, after some brutal years in the last decade, it appears that Goodyear could at last be finding new life. Fiscal 2011 is shaping up to be Goodyear’s first profitable year since 2007, thanks to streamlined operations and some painful cost-cutting measures.
What’s more, the prospect of increased worldwide demand for tires is improving as auto sales continue to climb back from their sharply depressed numbers recorded at the depths of the recession. And not only is America bouncing back, but Goodyear sales in emerging markets have been particularly strong.