New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 20, 2013
04:55 EDTBWA, BWA, AVY, AVY, CMI, CMI, DHR, DHR, UNP, UNP, HON, HON, MTZ, MTZ, SPR, SPR, WSO, WSOBarclays to host a conference
Industrial Select Conference is being held in Miami on February 20-21.
News For BWA;AVY;CMI;DHR;UNP;HON;MTZ;SPR;WSO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
March 26, 2015
06:28 EDTUNPUnion Pacific downgraded to Market Perform from Outperform at Cowen
Subscribe for More Information
March 25, 2015
11:08 EDTCMICummins management to meet with Jefferies
Subscribe for More Information
10:19 EDTMTZMasTec management to meet with FBR Capital
Subscribe for More Information
08:05 EDTBWABorgWarner expands manufacturing facility in Mexico
BorgWarner expanded its manufacturing facility at its campus in Ramos-Arizpe, Mexico, to meet increasing demand for emissions technologies in North America. The facility will produce exhaust gas recirculation modules, ignition coils and coolant control valves for gasoline- and diesel-powered passenger cars, minivans and light-duty trucks. The expansion will increase capacity for current products as well as BorgWarner's latest advancements in emissions technologies. BorgWarner expects to create approximately 350 new manufacturing jobs at the facility over the next two years.
March 24, 2015
16:09 EDTHONWatts Water appoints Todd Trapp as CFO
Subscribe for More Information
10:01 EDTCMIOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:02 EDTCMICummins upgraded at RW Baird
Baird upgraded Cummins to Outperform from Neutral and raised its price target to $166 from $155. The firm said expectations have been reset and the company is poised to deliver steady earnings growth and shareholder returns. Baird believes the North American truck cycle can last longer and at higher levels than consensus expectations and thinks Cummins' stable cash flow will likely continue to enhance shareholder value.
06:09 EDTCMICummins upgraded to Outperform from Neutral at RW Baird
March 23, 2015
16:20 EDTUNPOn The Fly: Closing Wrap
Stocks on Wall Street opened in relatively quiet fashion and remained that way throughout the session until a sharp selloff in the closing minutes. For most of the day the averages moved in a narrow range, as the Dow broke its streak of consecutive days with triple digit moves. Like stocks, the oil markets had a quiet session that stood out amid the recent volatility in crude prices. A late day drop prevented the major stock indexes from adding to the big gains they'd notched on Friday. ECONOMIC EVENTS: In the U.S., the Chicago Fed's national activity index fell to -0.11 in February, below expectations for a reading of 0.10. Existing home sales rose 1.2% to a 4.88M rate in February, which was below the consensus forecast for them to grow 2% to a 4.92M unit rate. COMPANY NEWS: Shares of Kansas City Southern (KSU) declined $9.21, or 7.96%, to $106.48 after the railroad operator lowered its fiscal year revenue guidance to reflect slower year-to-date carload growth primarily from the energy sector, along with a continued deterioration in the value of the Mexican peso against the U.S. dollar and lower fuel surcharge revenues driven by lower WTI prices. The revenue warning appeared to weigh on others in the rail industry as well, with Union Pacific (UNP) falling $4.67, or 3.98%, to $112.78, Norfolk Southern (NSC) dropping $3.87, or 3.5%, to $106.56 and Canadian National (CNI) sliding $1.13, or 1.65%, to $67.24. MAJOR MOVERS: Among the notable gainers was ImmunoGen (IMGN), which gained $1.25, or 16.8%, to $8.69 after Takeda (TKPYY) licensed rights to use the company's antibody drug conjugate technology. Also higher was Tenet Healthcare (THC), which rose $2.45, or 4.94%, to $52.07 after agreeing to combine its short-stay surgery and imaging center assets into a new joint venture with United Surgical Partners International. Tenet will initially own 50.1% of the joint venture and will consolidate its financial results and will have a path to full ownership of USPI over the next five years through a put/call structure, the company noted. Among the noteworthy losers was MEI Pharma (MEIP), which plunged $4.37, or 69.37%, to $1.93 and was downgraded by at least four Wall Street research firms after the combination of Pracinostat and azacitidine showed no difference in the rate of complete remission, the primary endpoint of a Phase II study, compared to azacitidine alone. Also lower were shares of Vertex (VRTX), which fell $5.21, or 3.98%, to $125.79 after reporting data from a study evaluating VX-661 in combination with ivacaftor in cystic fibrosis that JPMorgan said was generally below expectations. INDEXES: The Dow fell 11.61, or 0.06%, to 18,116.04, the Nasdaq lost 15.44, or 0.31%, to 5,010.97, and the S&P 500 dropped 3.68, or 0.17%, to 2,104.42.
15:52 EDTHONUSW reaches tentative agreement with Honeywell
Subscribe for More Information
13:13 EDTUNPRailroad operators trade lower after Kansas City Southern reduces FY15 guidance
Subscribe for More Information
12:17 EDTUNPOn The Fly: Midday Wrap
Subscribe for More Information
06:03 EDTHONU.S. Multi-Industry sector downgraded to Neutral at Barclays
Barclays downgraded the U.S. Multi-Industry space to Neutral from Overweight saying rising headwinds could limit share upside to mid-single-digit levels in 2015, with only slight improvement in 2016. The firm believes the credit cycle is peaking and views the U.S. Dollar strength along with lower oil prices as headwinds. Concurrent with sector rating change, Barclays downgraded Dover (DOV), Grainger (GWW), Xylem (XYL) and WESCO (WCC) to Equal Weight from Overweight. It also upgraded Tyco (TYC) to Overweight from Equal Weight and Lennox (LII) to Equal Weight from Underweight, calling both defensive names in the space. The firm is also "comfortable" owning General Electric (GE), Honeywell (HON), Sensata (ST) and HD Supply (HDS) at current levels. It prefers waiting for pullbacks to buy shares of 3M (MMM).
March 20, 2015
10:00 EDTHONOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:45 EDTHONActive equity options trading on open
Subscribe for More Information
07:10 EDTUNPUnion Pacific weakness a buying opportunity, says UBS
Subscribe for More Information
06:44 EDTHONHoneywell upgraded to Conviction Buy from Buy at Goldman
Goldman added Honeywell to the Conviction Buy List to reflect strong relative free-cash-flow growth, best-in-class execution, and improving returns. Price target is $120.
March 19, 2015
11:38 EDTCMIGE Marine announces Reinauer purchases two diesel engines, gearboxes
Subscribe for More Information
March 17, 2015
18:19 EDTMTZMasTec announces delay in filing FY14 Form 10-K
Subscribe for More Information
07:33 EDTHONHoneywell management to meet with Deutsche Bank
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use