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Stock Market & Financial Investment News

News Breaks
December 11, 2012
13:34 EDTDE, CAT, MTWReport neutral to slightly negative for farm machine stocks, says Wells Fargo
Wells Fargo believes that the Department of Agriculture's December WASDE report made minor forecast changes that were modestly less positive for farm cash flow. The firm views the changes as largely neutral to slightly negative for farm equipment stocks.
News For CAT;DE;MTW From The Last 14 Days
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November 24, 2014
07:51 EDTDEDeere volatility elevated into Q4 and outlook
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November 21, 2014
16:20 EDTCATOn The Fly: Closing Wrap
Stocks on Wall Street gained after China's central bank cut interest rates for the first time in over two years to bolster its economy. Additionally, the head of Europe's central bank said he was determined to do what is needed to ensure the area's economy does not once again fall into crisis. ECONOMIC EVENTS: In the U.S., the Kansas City Fed manufacturing index for November had a reading of 7, compared to the consensus forecast for a reading of 6. In Asia, the People's Bank of China unexpectedly cut interest rates, slashing the one-year lending rate by 40 basis points and the one-year deposit rate by 25 basis points. The move, which was the central bank's first interest rate cut since 2012, surprised markets around the globe. In Europe, European Central Bank President Mario Draghi said indicators have been declining to levels he would deem "excessively low" and that he is determined to use more aggressive measures, such as large scale asset purchases, as needed. COMPANY NEWS: Microsoft (MSFT) was the worst performer on the Dow after Jefferies initiated coverage of the stock with an Underperform rating. Microsoft's stock has rallied 30% in the last year, but the company is still facing the same fundamental problems as in previous years, Jefferies analyst John DiFucci wrote. He set a $40 price target on the shares, which slipped 74c, or 1.5%, to $47.97. MAJOR MOVERS: Among the notable gainers was Ross Stores (ROST), which advanced $6.06, or 7.28%, to $89.27 after the company reported stronger than expected Q3 results. Also higher were shares of Caterpillar (CAT), which rose $4.36, or 4.27%, to $106.45 amid the quantitative easing actions taken abroad and after research firm Stifel initiated coverage of the stock with a Buy rating. Among the noteworthy losers was GameStop (GME), which sunk $5.68, or 13.05%, to $37.86 after the video game retailer's third quarter results, as well as its fourth quarter and full year profit forecasts, trailed consensus estimates. Also lower were shares of The Gap (GPS), which dropped $1.68, or 4.19%, to $38.46 after the owner of Banana Republic, Old Navy and its namesake clothing brand lowered its fiscal year profit outlook. INDEXES: The Dow rose 91.06, or 0.5%, to 17,810.06, the Nasdaq gained 11.10, or 0.24%, to 4,712.97, and the S&P 500 added 10.75, or 0.52%, to 2,063.50.
12:10 EDTCATCaterpillar jumps after Stifel puts Buy rating on shares
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10:01 EDTCATOn The Fly: Analyst Initiation Summary
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07:24 EDTDEDeere November weekly volatility elevated into Q4 and outlook
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05:59 EDTDEDeere initiated with a Hold at Stifel
05:59 EDTCATCaterpillar initiated with a Buy at Stifel
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November 20, 2014
09:20 EDTCATCaterpillar reports retail machines sales down 9% in three months end October
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November 18, 2014
09:56 EDTMTWOn The Fly: Analyst Upgrade Summary
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09:20 EDTMTWOn The Fly: Pre-market Movers
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05:42 EDTMTWManitowoc upgraded to Buy from Hold at Jefferies
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November 14, 2014
18:05 EDTMTWRelational Investors gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: None. DECREASED STAKES: Mondelez (MDLZ), Manitowoc (MTW), Clean Harbors (CLH), and Hologic (HOLX). LIQUIDATED STAKES: Ingersoll-Rand (IR), B/E Aerospace (BEAV), Timken (TKR), Hess (HES), and NXP Semiconductors (NXPI).
16:39 EDTDEBerkshire Hathaway gives quarterly update on stakes
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November 13, 2014
10:01 EDTMTWOn The Fly: Analyst Initiation Summary
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06:18 EDTMTWManitowoc initiated with a Neutral at Citigroup
Target $24.
November 12, 2014
09:54 EDTCATCaterpillar reaffirms 2014 EPS outlook about $6.50, consensus $6.56
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November 10, 2014
15:50 EDTDEUSDA data remains negative for Ag equipment names, says Wells Fargo
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12:07 EDTDEUSDA lowers corn production forecast by 68M bushels
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