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4 Undervalued Stocks in Clint Eastwood's Favorite Sector

Stocks in this article: TRWAXLLEAGT

Goodyear Tire & Rubber

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More cars and trucks on the road mean more demand for Goodyear Tire & Rubber's (GT) eponymously named tires. You can see the industry upswing in the company's bottom line, as EPS surged from 50 cents in 2010 to likely more than $2 in 2011.

Analysts at Citigroup see EPS hitting nearly $3 by next year. "Following significant underperformance in the shares over the past 12 months, we believe the risk/reward of Goodyear may be poised to tilt favorably, as the stock appears out of favor," note the analysts, with as $22 target price, which equates to almost 60% upside from current levels.

Goodyear, one of Appaloosa Management's holdings as of the most recently reported period, shows up on a list of 12 Stocks to Buy for 2012.

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