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Stock Market & Financial Investment News

News Breaks
May 7, 2014
08:25 EDTBWA, BWA, GNTX, GNTX, MTOR, MTOR, CMC, CMC, WLK, WLK, PHM, PHM, PCAR, PCAR, BRP, BRP, CAT, CAT, BERY, BERYWells Fargo to hold a conference
Industrials & Construction Conference is being held in New York on May 7-8 with webcasted company presentations to begin on May 7 at 8:25 am; not all company presentations may be webcasted. Webcast Link
News For BERY;CAT;BRP;PCAR;PHM;WLK;CMC;MTOR;GNTX;BWA From The Last 14 Days
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August 28, 2015
08:58 EDTBWABorgWarner downgraded to Neutral at Baird
As reported previously, Baird downgraded BorgWarner to Neutral from Outperform citing China headwinds, execution concerns and a lack of any near-term catalysts. Baird lowered its price target to $50 from $61 on BorgWarner shares.
06:47 EDTBWABorgWarner downgraded to Neutral from Outperform at Baird
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August 27, 2015
13:46 EDTCATCaterpillar planst to lay off 475 more employees, Reuters reports
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08:18 EDTBWABorgWarner price target lowered to $56 from $66 at Susquehanna
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August 26, 2015
11:08 EDTMTOROshkosh upgraded after JLTV contract win, but BofA says 'sell the news'
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10:00 EDTPCAROn The Fly: Analyst Upgrade Summary
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09:26 EDTMTORMeritor to supply components to Oshkosh for recently awarded JLTV program
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06:44 EDTPCARPACCAR upgraded to Overweight from Neutral at Piper Jaffray
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August 25, 2015
13:00 EDTPHMToll Brothers lags market rebound after reporting Q3 results
Shares of luxury home builder Toll Brothers (TOL) are trading lower after reporting third quarter profit and revenue that were lower than last year's Q3 results. WHAT'S NEW: Toll Brothers this morning reported Q3 earnings per share of 36c, well below the 53c the company reported in the year-ago quarter. Revenue for the quarter of $1.03B and deliveries of 1,419 units declined 3% in dollars and 2% in units from the year-ago level, while impairments rose to $18M from $6M in the year-ago quarter. Analysts were expecting Toll Brothers to report Q3 EPS of 49c on revenue of $1.05B. The company said that the average price of homes delivered was $724,000, compared to $732,000 in 3Q14. Looking ahead, Toll Brothers forecast fourth quarter deliveries of 1,645-1,945 units priced between $780,000-$800,000. The company also lowered the top end of its 2015 home deliveries forecast, and now sees deliveries of 5,350-5,650 homes compared to its prior forecast of 5,300-5,900 homes. Separately, The Commerce Department reported new home sales for July were up 5.4% to an annual pace of 507,000, which fell within the range of expectations. WHAT'S NOTABLE: On quarterly earnings conference call, Toll Brothers said it still sees net income and gross margin growth in 2016. The company added that the housing recovery is built on a "very solid foundation." The steady acceleration the industry is experiencing bodes well for the health of housing market due to pent-up demand, increasing household formations and current industry-wide production, the company said. The home builder said that there is "significant room" for growth with increased profitability in fiscal year 2016 and beyond. Toll also said it sees further consolidation in the sector. OTHERS TO WATCH: Other companies in the home building space include Lennar Corporation (LEN) PulteGroup (PHM), Hovnanian Enterprises, (HOV) and Ryland Group (RYL). PRICE ACTION: Shares of Toll Brothers are down 0.5% to $37.87 amid a broader market advance.
August 24, 2015
09:26 EDTCATCaterpillar set to open near 4-year lows
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08:27 EDTWLKWestlake Chemical price target lowered to $65 from $84 at Cowen
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07:01 EDTWLKWestlake Chemical raises quarterly dividend 10% to 18.15c per share
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August 21, 2015
13:02 EDTCATChanos says heavy equipment companies 'have the wind in their face'
Jim Chanos of Kynikos Associates said on CNBC that the companies selling heavy equipment will "have the wind in their face" for years as inventory is worked though. Chanos added that he remains short shares of Caterpillar (CAT), pointing out the company acquired Bucyrus at the top of the market. Peers of Caterpillar include Deere (DE) and AGCO (AGCO).
12:56 EDTCATChanos says still short shares of Caterpillar
Jim Chanos of Kynikos Associates said on CNBC .
August 19, 2015
07:04 EDTBERYBerry Plastics acquisition of AVINTIV will be positive, says Deutsche Bank
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August 18, 2015
12:45 EDTBWAAuto parts suppliers upgraded as UBS sees China concerns exaggerated
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06:06 EDTBWALear upgraded to Buy from Neutral at UBS
UBS analyst Colin Langan upgraded Lear Corporation to Buy citing the recent pullback in shares. The company's "strong" free cash flow limits the downside risk of shares, Langan tells investors in a research note. The stock is down 11% from the June peak despite Lear's raised margin outlook for 2015, the analyst points out. He views selloff in the U.S. Auto Parts sector as buying opportunity for investors and also upgraded BorgWarner (BWA) this morning to Buy. Langan raised his price target for Lear shares to $124 from $115.
06:01 EDTBWABorgWarner upgraded to Buy from Neutral at UBS
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August 17, 2015
07:40 EDTCATUBS to hold a tour
Midwest Construction & Farm Tour travels throughout Illinois and Iowa on August 17-18.
07:25 EDTCMC, CMCCommercial Metals initiated with a Buy at CLSA
CLSA initiated Commercial Metals with a Buy rating and $20 price target on shares. The firm expects Commercial Metals to continue to benefit from a recovering construction market and its flexible cost structure.
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