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Stock Market & Financial Investment News

News Breaks
February 19, 2014
04:55 EDTBWA, BWA, JOY, JOY, CAT, CAT, ITW, ITW, BLL, BLL, GE, GE, IR, IR, PX, PX, GD, GD, ST, ST, HON, HON, CMI, CMI, IP, IPBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 19-20.
News For BWA;CMI;HON;ST;GD;PX;IR;GE;BLL;ITW;CAT;JOY;IP From The Last 14 Days
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July 13, 2014
11:40 EDTGEAmerican selects CFM engine to power A320 in order valued $2.6B
American Airlines (AAL) has selected CFM International’s advanced LEAP-1A engine to power its new fleet of 100 Airbus (EADSY) A320neo family aircraft. CFM values the engine order at $2.6B U.S. at list price. The aircraft order was originally announced in July 2011 and American will begin taking delivery in 2017. American also has orders for LEAP-1B engines to power 100 Boeing 737 MAX aircraft, which are also scheduled to be delivered beginning in 2017. American has been a CFM customer since 1996 and the airline’s fleet includes 375 Airbus A320 Family and Boeing 737 aircraft powered by CFM56 engines. CFM International is a 50/50 joint company between Safran and General Electric (GE).
July 12, 2014
18:08 EDTGEeasyJet said to choose GE-Safran engine for Airbus jets, WSJ says
easyJet (ESYJY) is set to order engines from a partnership of General Electric (GE) and France's Safran to power 100 Airbus Group (EADSY) NV A320neo jets, says the Wall Street Journal. According to the WSJ report United Technologies (UTX) unit Pratt & Whitney was also aggressively competing for the order. Reference Link
July 11, 2014
11:50 EDTPXPraxair to expand Kirtland, New Mexico, facilities
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10:02 EDTGDGeneral Dynamics to continue ACV testing for Marines
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08:05 EDTGEGE Capital increases credit facility for OraMetrix
GE Capital’s Healthcare Financial Services business announced that it is the sole lender on a $10M senior secured term loan for OraMetrix. This transaction refinances the company’s previous $7.5M multi-draw senior secured term loan facility and provides it with an additional $2.5M. The funds will be used for working capital and growth initiatives.
08:03 EDTGEGE Capital provides MerchSource with $130M credit facility
GE Capital announced it is providing MerchSource with a $130M senior credit facility providing working capital for the company’s operations in the U.S. and Hong Kong.
07:45 EDTGEWith Alstom agreement settled, attention on GE turns to earnings, Reuters says
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July 10, 2014
13:10 EDTBWAM&A fever unlikely to hit auto supplier sector, says Buckingham
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07:29 EDTGEGeneral Electric volatility elevated into Q2 and revenue outlook
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July 9, 2014
17:00 EDTCATCommercial Vehicle Group realigns leadership team
Commercial Vehicle (CVGI) realigned its executive leadership team. Under the new structure, Ulf Lindqwister will join CVG, effective August 4, as Chief Administrative Officer. Lindqwister comes to CVG from Caterpillar (CAT). The company also realigned its Aftermarket business, with the North American Aftermarket business now reporting to Pat Miller in his capacity of President of Global Truck & Bus. In connection with these organizational changes, Timo Haatanen, President of Global Aftermarket and Bob Averitt, Chief Information Officer, are no longer with the company.
11:16 EDTGDAeroVironment rallies after better than expected results
Shares of AeroVironment (AVAV), which develops a portfolio of products and services for unmanned aircraft and efficient energy systems, are rallying after the company reported better than expected fourth quarter results. WHAT'S NEW: Last night, AeroVironment reported Q4 EPS of 35c and revenue of $73.5M, compared to analysts' consensus estimates of 22c and $69.62M, respectively. WHAT'S NOTABLE: The company forecast fiscal 2015 revenue of $250M-$270M, compared to consensus of $256.2M, along with gross profit margins of 34.5%-37.5%. The company noted that planned increases in research and development and business development investments for Tactical Missile Systems, Commercial UAS and Global Observer business areas in FY15 may largely offset operating profit in the current fiscal year. PRICE ACTION: In morning trading, AeroVironment soared $4.49, or 14.5%, to $35.45 on nearly five times its average daily trading volume. Including today's advance, the stock is up more than 70% over the past 12 months. OTHERS TO WATCH: Other companies in the unmanned aircraft space include Lockheed Martin (LMT), General Dynamics (GD), and Northrop Grumman (NOC), though all of those are significantly larger than AeroVironment.
10:02 EDTIP, CMIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
10:02 EDTITWOn The Fly: Analyst Upgrade Summary
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09:04 EDTHONHoneywell's UOP green fuels technology selected by Petrixo
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07:40 EDTIRCLSA to hold investor meetings at SEMICON West
Investor Meetings, in conjunction with SEMICON West, will be held in San Francisco on July 9.
07:25 EDTITWIllinois Tool Works upgraded to Buy from Hold at Argus
Argus upgraded Illinois Tool Works based on mid-single-digit sales growth and margin expansion that should result in a accelerating earnings and buybacks. Price target is $102.
07:14 EDTIPInternational Paper downgraded at RBC Capital
As noted earlier, RBC Capital downgraded International Paper to Sector Perform from Outperform. As the reason for the downgrade, the firm cited what it sees as increased risk of a drop in containerboard prices due to production capacity increases in 2014 and 2015. Target $53.
07:13 EDTCMICummins downgraded to Buy from Conviction Buy at Goldman
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07:06 EDTGEUniversal Stainless & Alloy achieves S-400, S-1000 approvals from GE Aviation
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06:20 EDTIPInternational Paper downgraded to Sector Perform from Outperform at RBC Capital
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