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Stock Market & Financial Investment News

News Breaks
January 29, 2013
10:02 EDTGSK, CAT, SPF, LEN, ERIC, ANF, HOV, SWIR, GPC, CGV, TSN, PLXT, FITB, BREOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abercrombie & Fitch (ANF) upgraded to Outperform from Market Perform at BMO Capital... BRE Properties (BRE) upgraded to Neutral from Sell at Goldman... CGG Veritas (CGV) upgraded to Overweight from Neutral at JPMorgan... Caterpillar (CAT) upgraded to Outperform from Market Perform at BMO Capital... Ericsson (ERIC) upgraded to Buy from Hold at Deutsche Bank... Fifth Third Bancorp (FITB) upgraded to Outperform from Market Perform at Wells Fargo... Genuine Parts (GPC) upgraded to Buy from Hold at BB&T... Lennar (LEN) upgraded to Buy from Neutral at Compass Point... PLX Technology (PLXT) upgraded to Buy from Hold at Wunderlich... Sierra Wireless (SWIR) upgraded to Outperform from Sector Perform at RBC Capital... Standard Pacific (SPF) upgraded to Buy from Neutral at Compass Point... Tyson Foods (TSN) upgraded to Buy from Underperform at BofA/Merrill... Hovnanian (HOV) upgraded to Neutral from Sell at Compass Point... GlaxoSmithKline (GSK) upgraded to Overweight from Equal Weight at Barclays... Caterpillar (CAT) upgraded to Buy from Outperform at CLSA.
News For ANF;BRE;CGV;ERIC;FITB;GPC;LEN;PLXT;SWIR;SPF;TSN;HOV;GSK;CAT From The Last 14 Days
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July 23, 2015
07:33 EDTCATCaterpillar backs FY15 adjusted EPS $5.00, consensus $4.97
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07:32 EDTCATCaterpillar reports Q2 adjusted EPS $1.27, consensus $1.27
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July 22, 2015
15:26 EDTCATNotable companies reporting before tomorrow's open
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14:37 EDTCATCaterpillar technical comments ahead of earnings
The shares are testing the $80 area on the downside ahead of results. On a long-term chart of five years or more, it is clear how important $80 has been as a support. Since 2010 it has only been broken once in any major way. If the news is sufficiently bearish, this support could give way and allow the preceding downtrend to resume. Support levels to watch would be at $78.19 which is the 52-week low, $75.80, and $71.78. If the news is a bullish surprise, the first major test of resistance would come at the 10-month moving average which was last at $87.55. It would take a breakout above the 10-month to turn the short-term trend bullish, with next resistance at $89.62.
14:22 EDTCATCaterpillar July weekly volatility elevated into Q2 and outlook
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13:31 EDTCATEarnings Watch: Wells Fargo says Caterpillar revenue consensus likely too high
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10:37 EDTCATCaterpillar June data suggests consensus revenue view too high, says Wells Fargo
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10:01 EDTFITBOn The Fly: Analyst Downgrade Summary
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09:35 EDTFITBFifth Third downgraded to Neutral from Buy at Citi
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09:34 EDTCATCaterpillar falls, levels to watch
The stock is down 1.7% to $80.83 at time of writing. A big level to watch is the 52-week low at $78.19, which may get retested. Resistance is at $81.78.
09:17 EDTCATCaterpillar reports retail machines sales down 14% in three months end June
Caterpillar reported in a regulatory filing that its total retail machines sales were down 14% on a three month rolling basis in June. For reference, retail sales of machines were down 12% in the period ending in May and were down 11% in the period ending in April. The company reported world Resources Industries sales down 13% in the June period, which was worse than the 8% drop in the May end period. Construction Industries world sales were down 16%, worse than the 14% drop in the May period. Total Energy & Transportation Retail Sales were down 10% in the June end period, which was worse than the 6% decline seen in the May period.
July 21, 2015
09:43 EDTFITBFifth Third says fundamental drivers continue to be healthy
09:28 EDTFITBFifth Third sees 'stable' NIM in 2H vs. Q1
Sees CEO transition going "smoothly." Says "pleased" with core trends, though environment continues to challenge banks. Says "comfortable" with current portfolio. Says plans to close 105 branches by the middle of 2016. Sees $65M in savings from plan, $5M than original expectations. Updated outlook "not materially different" from January, April outlook. Says "comfortable" with FY NII expectations. Expects NII to grow y/y, sees Q3 NII slightly higher than Q2; sees NII growing in Q4 over Q3. Sees NIM "stable" in 2H vs. Q1, doesn't expect NIM to widen further in Q3. Sees 2H NIM stable with 1H. Sees Q3 mortgage banking net revenue somewhat below Q2, but above last year's Q3. Sees strong 2H for total fee income. Sees 2H IT expenses about 10% higher than 1H. Sees core expenses up in Q3 vs. Q2, driven by marketing. Sees total expenses in 2H about 2.5% higher than 1H. Comments made on the Q2 earnings conference call.
06:43 EDTFITBFifth Third sees $155M share repurchase completed on or before July 28
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06:33 EDTFITBFifth Third reports Q2 EPS 36c, consensus 38c
Reports Q2 return on assets of 0.90%, return on average common equity of 8.1%, return on average tangible common equity of 9.7%. Reports Q2 pre-povision revenue of $496M. Reports Q2 net charge-offs declined 15%. Reports Common equity Tier 1 ratio of 9.41%. Reports Tier 1 risk-based capital ratio of 10.49%. Reports tangible common equity ratio of 8.51%. Reports book value per share of $17.62.
July 20, 2015
15:01 EDTFITBNotable companies reporting before tomorrow's open
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11:35 EDTGPCGenuine Parts cuts FY15 EPS view to $4.65-$4.70 from $4.70-$4.80
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11:30 EDTGPCGenuine Parts now sees FY15 free cash flow $350M-$450M
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08:43 EDTGPCGenuine Parts says Q2 results due to 'choppiness in the economy'
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08:42 EDTGPCGenuine Parts reports Q2 EPS $1.28, consensus $1.33
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