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News Breaks
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February 8, 2010
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| 20:12 EDT |  | CAT |
| theflyonthewall.com: | Caterpillar's incoming CEO sold $1M in stock, Barrons.com reports | | Douglas R. Oberhelman, vice chairman and soon-to-be CEO of Caterpillar (CAT), sold 19,822 shares for an average price of $51.53 a share on Feb. 5. After the sale, he held 61,180 shares directly, about 638,000 options-related shares and 41,747 phantom stock units. His stake represents far less than 1% of Caterpillar's outstanding shares. In October, Caterpillar announced that Oberhelman would be the successor to CEO James W. Owens, who is retiring on July 1. Oberhelman will manage the transition and update the company's strategy. Jonathan Moreland, director of research at InsiderInsights.com, says Oberhelman's transaction is definitely not a bullish sign. When the stock was just $5 higher back in August, Oberhelman chose not to sell all shares gained by exercising options, but rather sold just enough to cover the exercise costs and taxes, Moreland notes. "And in the latest transaction he's selling while the stock is weak, another negative sign," Moreland says. Still, there hasn't been a larger selling trend at Caterpillar. Reference Link :theflyonthewall.com |
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February 13, 2012
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| 13:02 EDT | | CAT |
| theflyonthewall.com: | Obama proposes doubling transportation spending in six years, Bloomberg reports | | President Obama's budget would almost double federal spending on transportation programs over the next five years, according to Bloomberg.The budget proposes spending $476B through 2018 on highway, bridge and mass transit projects, the news service added. Reference Link :theflyonthewall.com |
| | 06:58 EDT | | CAT |
| theflyonthewall.com: | House GOP facing tough vote on transportation bill, The Hill says | | House Republican leaders are having trouble finding enough votes to pass their $260B transportation spending bill, according to The Hill. House Speaker John Boehner said he hopes the bill will pass, the publication added. Reference Link :theflyonthewall.com |
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February 10, 2012
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| 09:02 EDT |  | CAT |
| theflyonthewall.com: | Caterpillar appoints Tom Frake as VP of Marine & Petroleum Power Division | | Caterpillar announced that Richard Case, vice president with responsibility for the Marine & Petroleum Power Division, has elected to resign from the company to pursue other opportunities. Case's departure from Caterpillar will be effective May 1. Caterpillar's board of directors has appointed Tom Frake to replace Case as vice president, Marine & Petroleum Power Division. Frake's appointment is effective April 1. :theflyonthewall.com |
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February 6, 2012
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| 20:16 EDT | | CAT |
| | 12:32 EDT | | CAT |
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February 3, 2012
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| 12:12 EDT | | CAT |
| theflyonthewall.com: | Caterpillar subsidiary to close plant | | Caterpillar subsidiary Progress Rail Services Corporation announced this morning its decision to shut down locomotive production operations at its London, Ontario plant. The company stated it is regrettable that it has become necessary to close production operations at the London facility. The cost structure of the operation was not sustainable and efforts to negotiate a new, competitive collective agreement were not successful, the company said. Progress Rail's global manufacturing network assures its customers that delivery schedules will not be impacted by this decision, it added. :theflyonthewall.com |
| | 05:36 EDT | | CAT |
| theflyonthewall.com: | Caterpillar CFO sees "tailwind" from U.S., European demand, Bloomberg reports | | Caterpillar CFO Ed Rapp says he believes the business cycle is in the early stages of recovery and sees a "tailwind" from demand in the U.S. and Europe, Bloomberg reports. Reference Link :theflyonthewall.com |
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February 1, 2012
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| 22:21 EDT | | CAT |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | Jim Cramer said Wednesday's markets gave investors so many ways to win and better yet, it gave it when investors were least expecting it. Whirlpool (WHR) was able to beat and raise estimates, all while most investors thought the housing market was still declining. He said that Boeing (BA) shares were able to trade higher, despite defense cutbacks in Washington. And Navistar (NAV) also ticked higher on news of its partnership with Clean Energy Fuels (CLNE). Then of course there was the announcement of the Facebook IPO, a deal that's so hot investors are even buying up shares of the underwriters. In technology, Cramer admitted that Amazon.com (AMZN) disappointed, but the markets also has a surprise beat from disk drive maker Seagate (STX), which rose 21% in a single day. Internationally, the markets received news that China's economic soft-landing is indeed happening, something that bodes well for companies levered to China like Caterpillar (CAT), Yum Brands (YUM) and Coach (COH), the latter two hitting 52-week highs Wednesday. Put all of these factors together, said Cramer, and its easy to see why he's so excited about the possibilities. Cramer opined on what to do with Amazon.com (AMZN) after the company's disappointing earnings. His conclusion? Don't do anything. Cramer said Amazon has proven to be a consistent winner on weakness, and selling shares after a sell-off has always been a terrible bet. He concluded that Amazon is a "wait-and-see" situation. For Wednesday's installment of his "Show Off Stocks" series, Cramer highlighted motorcycle legend Harley Davidson (HOG), which is seeing demand for its product grow at the fastest pace since 2005. The company is diversifying its customer base and now aggressively attracting younger riders, as well as women and minorities. Additionally, Harley is completing a major restructuring this year that will shave $325M a year off the company's cost structure. Trading at just 13.5x earnings with a 14.5% long-term growth rate, Cramer said shares of Harley Davidson are far too cheap. EXECUTIVE DECISION: Cramer checked in with David Demshur, chairman, president and CEO of Core Labs (CLB), an oil service technology company that Cramer said is the one to buy. Among the areas Demshur was most excited about were deep water drilling off of Brazil and Angola as well as projects in the Middle East and off the coast of Australia. He said Core Labs believes in long-term shareholder appreciation and will remain committed to the company's dividend and stock re-purchase program. Cramer continued his recommendation of Core Labs and again told investors to use the weakness which occurs after every earnings release to buy in. LIGHTNING ROUND: (Bullish) URI; AAPL; LSI; MX; AVAV; KFN. (Bearish) RIMM; BX. Reference Link :theflyonthewall.com |
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January 31, 2012
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| 06:47 EDT | | CAT |
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January 30, 2012
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| 22:01 EDT | | CAT |
| | 06:46 EDT | | CAT |
| | 05:40 EDT | | CAT |
| theflyonthewall.com: | China Yuchai and Caterpillar re,amufacturing facility passes regional assessment |
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