News For CAT From The Last 14 Days Check below for free stories on CAT the last two weeks.
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February 9, 2010
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| 12:19 EDT |  | CAT |
| | 09:17 EDT |  | CAT |
| | 09:10 EDT |  | CAT |
| | 09:00 EDT | | CAT |
| theflyonthewall.com: | On The Fly: Analysts Upgrade Summary | | MOST NOTEWORTHY: Prosperity Bancshares (PRSP), Fortinet (FTNT) and Lamart Advertising (LAMR) were today's noteworthy upgrades: B. Riley upgraded Prosperity Bancshares to Buy from Neutral after the company acquired 19 Texas branches of Missouri-based First Bank. The firm has a $45 price target on shares. JP Morgan upgraded Fortinet to Overweight from Neutral on valuation following the recent pullback in shares. The firm has a $20 price target on the stock. Wells Fargo upgraded Lamar Advertising to Outperform from Market Perform. The firm believes the stock's risk/reward ratio is compelling, as its checks indicate that advertising continues to accelerate in Q1...OTHER UPGRADES: Caterpillar (CAT) was upgraded to Overweight from Underweight at Morgan Stanley. SAP AG (SAP) was upgraded to Market Perform from Underperform at FBR Capital. BioMarin (BMRN) was raised to Buy from Hold at Roth Capital. :theflyonthewall.com |
| | 08:55 EDT | | CAT |
| | 06:37 EDT | | CAT |
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February 8, 2010
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| 20:12 EDT |  | CAT |
| | 09:10 EDT |  | CAT |
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February 4, 2010
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| 07:15 EDT | | CAT |
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February 3, 2010
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| 21:41 EDT | | CAT |
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February 2, 2010
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| 06:26 EDT | | CAT |
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January 29, 2010
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| 16:45 EDT | | CAT |
| theflyonthewall.com: | Caterpillar and Holt Texas lose out in $56.3M verdict on worker paralysis case |
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| | 12:59 EDT | | CAT |
| theflyonthewall.com: | Jury awards $54.2M against Caterpillar in suit | | The Lanier Law Firm is announcing a $54.2M verdict against Peoria, Ill-based Caterpillar (CAT) and San Antonio-based Holt Texas after a jury finding that defects and lax maintenance led to a construction worker being paralyzed while using a piece of Caterpillar equipment. :theflyonthewall.com |
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January 28, 2010
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| 09:00 EDT | | CAT |
| theflyonthewall.com: | On The Fly: Analysts Upgrade Summary | | MOST NOTEWORTHY: Netflix (NFLX), Rockwell Automation (ROK) and Textainer (TGH) were today's noteworthy upgrades: Jefferies upgraded Netflix to Buy from Hold and has a $65 target, citing stronger than expected momentum following the Q4 report and guidance. Merriman upgraded Netflix to Buy from Neutral following the company's better than expected Q4 results as it sees upside in shares to the $66-$75 range. Shares were also upgraded to Buy from Underperform at BofA/Merrill. Citigroup upgraded Rockwell Automation to Hold from Sell following the company's better than expected Q1 results and raised FY10 guidance. Citi raised its target on shares to $52 from $35. Deutsche Bank upgraded Textainer to Buy from Hold to reflect improved container fundamentals and potential fleet growth. The firm keeps a $19 price target on shares...OTHER UPGRADES: STMicroelectronics (STM) was upgraded to Neutral from Underweight at Piper Jaffray. Caterpillar (CAT) was upgraded to Neutral from Sell at UBS. Apache (APA) was upgraded to Outperform from Market Perform at Wells Fargo. :theflyonthewall.com |
| | 07:53 EDT | | CAT |
| | 06:39 EDT | | CAT |
| theflyonthewall.com: | Caterpillar upgraded to Neutral from Sell at UBS | | UBS upgraded CAT citing valuation. Target to $54 from $45. :theflyonthewall.com |
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January 27, 2010
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| 21:12 EDT | | CAT |
| | 16:43 EDT | | CAT |
| theflyonthewall.com: | On The Fly: U.S. Market Wrap-Up for Wednesday 1/27 | | The markets opened slightly lower but quickly advanced into positive territory. The move, however, was short-lived. After a disappointing new home sales report brought out the sellers, the markets drifted lower. Once they crossed back into negative territory, the selling accelerated until each of the major indices was lower by at least 0.50%. The averages sat in a narrow range until the release of the FOMC rate decision. The knee jerk reaction was to sell on the news, but the averages quickly reversed and pushed into positive territory by the close…The Dow rose 41.87 to 10,236.16, the S&P gained 5.33 to 1,097.50, and the Nasdaq added 17.68 to 2,221.41…Among the biggest gainers: Sanmina-SCI Corp. (SANM) surged 15% to $14.15 after beating Q1 EPS estimates by a wide margin. Super Micro Computer (SMCI) soared 16.3% to $13.50 after forecasting better-than-expected Q3 EPS estimates…The losers included: Caterpillar (CAT) which slumped 4.3% to $53.44 after reporting Q4 earnings that fell 65%. The company also issued a disappointing FY10 forecast. Jackson Hewitt (JTX) dropped 16.5% to 2.94 after reporting that it does not believe it can finance its refund anticipation loans…CURRENCY: The dollar closed 0.36% higher on the yen at 89.93 and 0.41% lower on the euro at 0.7132…COMMODITIES: Crude oil closed down 1.05 to 73.66...Natural gas lost 0.19 to 5.24...Gold was lower by 13.00 to 1,086.50…ECONOMIC DATA: New Home Sales for December fell 7.6% to an annual sales rate of 342K versus a consensus range of 350K to 385K. MBA Purchase Applications for the week of 1/22 fell 3.3%. Crude Inventories for the week of January 22 were down -3.88M vs. consensus of 1.5M build. Gasoline inventories 1.99M vs. consensus of 900K build. Distillates 358K vs. consensus of 1.8M draw. The FOMC left interest rates unchanged between 0%-0.25% and expects rates to remain low for “an extended period.” They also said that MBS purchases will end in March as scheduled. Tomorrow…Durable Goods Orders, Jobless Claims, and EIA Natural Gas Report are due…Notable companies reporting Thursday before the opening bell include: Altria Group (MO), AT&T (T), Ball Corporation (BLL), Becton Dickinson and Company (BDX), Bemis (BMS), Bristol-Myers Squibb (BMY), Cardinal Health (CAH), Celgene (CELG), Consol Energy (CNX), Dominion Resources (D), Eastman Kodak (EK), EQT Corporation (EQT), Ford (F), Franklin Resources (BEN), Goodrich (GR), Invesco (IVZ), Janus Capital (JNS), L-3 Communications (LLL), Life Technologies (LIFE), Lockheed Martin (LMT), Motorola (MOT), Raytheon (RTN), Rockwell Collins (ROK), Textron (TXT), The Estee Lauder Companies (EL), Timer Warner Cable (TWC), Xcel Energy (XEL), and Zimmer Holdings (ZMH). :theflyonthewall.com |
| | 12:13 EDT |  | CAT |
| | 12:06 EDT | | CAT |
| theflyonthewall.com: | On The Fly: U.S. Mid-Day Market Wrap-Up | | Stocks on Wall Street retreated as a December new home sales report showed that there were 342,000 units sold versus the expected 366,000, and Caterpillar (CAT) lowered its 2010 earnings forecast. At 2:15 pm today the Fed will release its latest policy statement. Tonight President Obama delivers his State of the Union message...All industry sectors are currently lower...Crude oil and gold are down...The Dow has fallen 19.19 to 10,175.10, the NASDAQ is up 1.00 to 2,204.73, and the S&P dropped 1.99 to 1,090.18...MARKET NEWS: Boeing (BA) said that it expects to deliver its first 787 Dreamliner aircraft later this year...Heinz (HNZ) reportedly may be a takeover target and Nestle (NSRGY) is said to be a possible suitor...MAJOR MOVERS: Among the most active stocks are Citigroup (C), Bank of America (BAC), Ford (F), Yahoo (YHOO), and Intel (INTC). :theflyonthewall.com |
| | 10:57 EDT | | CAT |
| theflyonthewall.com: | Caterpillar slides after EPS guidance falls below consensus | | Caterpillar (CAT) reported Q4 EPS of 36c, compared with analysts' consensus estimate of 28c. Excluding redundancy costs, the company's EPS was 41c. However, the company's revenue came in at $7.90B, versus the consensus of $8.11B. Moreover, the construction equipment maker predicted that its FY10 EPS would come in at "about" $2.50 versus the consensus of $2.71, if its revenues come in at the midpoint of its forecast. Caterpillar predicted that its FY10 revenue would increase 10%-25%, compared with 2009 levels. The company said that it continues to see signs of economic improvement, particularly in China and most developing countries. Caterpillar reported that it is also seeing signs of improvement in North America, Europe, and Japan, although these economies remain weak and have not rebounded as quickly as developing countries. Caterpillar added that it had seen a significant increase in demand for mining equipment and improvement in sales of aftermarket service parts. In mid-morning trading, Caterpillar slumped $4.34, or 7.77%, to $51.39. Other construction equipment makers also fell, with Terex (TEX) declining 4.50% to $20.14, while Manitowoc (MTW) fell 2.88% to $11.14 and Deere (DE) dropped 4.28% to $51.12. :theflyonthewall.com |
| | 09:57 EDT |  | CAT |
| | 09:44 EDT | | CAT |
| | 09:29 EDT | | CAT |
| theflyonthewall.com: | Pre-market top 5 losers | | The following stocks were the top percentage losers before the open on solid volume of at least 50,000 shares, trading at over $10. CAT (5.2%), PLCM (5%), X (1.7%), ARCC (1.2%), ASML (1.1%). :theflyonthewall.com |
| | 07:57 EDT | | CAT |
| | 07:37 EDT |  | CAT |
| | 07:35 EDT | | CAT |
| theflyonthewall.com: | Caterpillar sees signs of economic improvemnt, particularly in China | | Sees sales up on increased end-user demand, changes in dealer inventories. Caterpillar doesn't see significant redundancy costs in FY10. :theflyonthewall.com |
| | 07:33 EDT | | CAT |
| theflyonthewall.com: | Caterpillar sees FY10 EPS 'about' $2.50 vs. consensus of $2.71 | | Sees FY10 revenue up 10%-25% from 2009's reported $32.40B :theflyonthewall.com |
| | 07:32 EDT | | CAT |
| theflyonthewall.com: | Caterpillar reports Q4 ex-items EPS 41c vs. consensus of 28c | | Reports Q4 revenue $7.90B vs. consensus of $8.11B :theflyonthewall.com |
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