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Stock Market & Financial Investment News

News Breaks
December 20, 2012
08:20 EDTASM, CATAvino Silver & Gold Mines enters into $5M credit facility
Avino Silver & Gold Mines (ASM) announced that its Mexican subsidiary has entered into a master credit facility with Caterpillar Finance (CAT) for up to $5M. The credit facility bears interest at rates ranging from 0%-4.95% per annum. Equipment leased under the credit facility has terms of 18 months-60 months. These terms are dependent on the company's requirements and equipment acquired.
News For ASM;CAT From The Last 14 Days
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July 23, 2015
18:21 EDTCATOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
12:32 EDTCATOn The Fly: Top stock stories at midday
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11:20 EDTCATCaterpillar sees lower sales and profits in 2H
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11:14 EDTCATCaterpillar sees lower sales in Q3 than Q4
Comments made on Q2 earnings conference call.
09:20 EDTCATCaterpillar demand trends appear negative for Cummins, Terex, says Wells Fargo
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09:13 EDTCATOn The Fly: Pre-market Movers
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07:46 EDTCATCaterpillar announces intention to repurchase $1.5B of common stock in Q3
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07:45 EDTCATCaterpillar cut FY15 revenue guidance due to currency impacts
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07:40 EDTCATCaterpillar Financial reports Q2 revenue $693M, down 6% from 2Q14
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07:34 EDTCATCaterpillar says global economy remains 'relatively stagnant'
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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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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 20, 2015
08:13 EDTASMAvino Silver & Gold Mines reports new mineralization in San Gonzalo Mine
Avino Silver & Gold Mines announces further sampling results from development of levels three through seven of the San Gonzalo Mine located on the Avino property, 80 km northeast of Durango, Mexico. Drift development on mine levels 3 through 7 has identified new mineralization of similar widths, metal content and quality to that currently being mined. "We are pleased to report that these results confirm the continuity of new mineralization on strike both to the east and west of the existing mine workings. The areas outlined in this release are outside of the zones defined in the 2013 Technical Report on the Avino Property and are considered new. We plan to continue exploration and advancement on strike in both directions. The discovery of the new zones outlined in this release can be attributed to exploration drifting on level 5, we are re-examining the continuity of this mineralization on levels 3, 4, 6 and 6.5 by driving exploratory raises to determine if the results from the drift on level 5 to the east remains consistent on these levels as well. I would like to thank our team in Mexico for making our operations a continued success." said the company.
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