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Stock Market & Financial Investment News

News Breaks
April 3, 2014
07:36 EDTCATJim Chanos says still short shares of Caterpillar
Jim Chanos of Kynikos Associates is speaking on CNBC.
News For CAT From The Last 14 Days
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April 23, 2015
16:49 EDTCATOn The Fly: Top stock stories for Thursday
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13:01 EDTCATOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday amid another deluge of earnings reports. Stocks began the session in negative territory and have remained there through the morning before crossing into positive ground right near noon. The averages gapped up after making it back to the green, putting the Nasdaq back above the all-time closing record it achieved in 2000. A question for the afternoon will be whether the average can hold on to set a new all-time closing high fifteen years later. ECONOMIC EVENTS: In the U.S., initial jobless claims inched up 1K to 295K in the week ended April 18, versus the expected 287K first-time claims. Markit's flash manufacturing PMI fell 1.5 points to 54.2 in April, versus expectations for it to hold steady at 55.7. New home sales dropped 11.4% to a 481K rate in March, versus expectations for a less severe 4.5% drop to a 515K rate. COMPANY NEWS: Shares of Time Warner Cable (TWC) slid about 1% after The Wall Street Journal reported that the FCC's staff recommended a course of action that could derail the company's merger with Comcast (CMCSA). However, research firm Jefferies remained upbeat on Time Warner Cable shares, upgrading the stock this morning and saying that Charter (CHTR) would probably buy the company if the government nixes the Comcast deal... Among members of the Dow that issued earnings reports this morning, Caterpillar (CAT) slid fractionally while 3M (MMM) and Procter & Gamble (PG) each fell about 2%. MAJOR MOVERS: Among the notable gainers was ARRIS (ARRS), which jumped 21% after the company agreed to acquire its competitor Pace for aggregate stock and cash consideration of $2.1B. Also higher following their earnings reports were Skechers (SKX), which rose nearly 13%, and Dunkin' Brands (DNKN), which gained 8.5%. Among the noteworthy losers was MobileIron (MOBL), which plunged 22% after the company warned of a Q1 revenue miss and announced the resignation of its CFO. Also lower following their earnings reports were Texas Instruments (TXN), which fell 7%, and General Motors (GM), which declined nearly 4%. INDEXES: Near midday, the Dow was up 81.31, or 0.45%, to 18,119.58, the Nasdaq was up 22.69, or 0.45%, to 5,057.86, and the S&P 500 was up 10.32, or 0.49%, to 2,118.28.
12:00 EDTCATCaterpillar says seeing effects of lower oil prices in construction segment
Says decline in sales, EPS during remainder of year to be offset somewhat by strong Marine segment. Says maintaining a strong balance sheet is top priority for cash. Comments from company's Q1 earnings conference call.
11:43 EDTCATCaterpillar says 2015 shaping up to be an 'uncertain and challenging year'
Says expects weakness in developing countries in 2015. Says from macro standpoint, "not much has changed." Says sales outside U.S. were down during Q1. Says currency exposure reasonably hedged. Says stock repurchases will be dependent on market conditions. Says dealer inventory in a "reasonable range," and expects it to decline as the year progresses. Says still focused on market share, but competition for deals has increased substantially due to stronger dollar. Comments from company's Q1 earnings conference call.
09:18 EDTCATOn The Fly: Pre-market Movers
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07:43 EDTCATCaterpillar reports Cat Financial Q1 revenue $689M vs. $7.11M last year
Reports Cat Financial Q1 profit before income taxes $187M vs. $182M last year. Reports Cat Financial retail new business volume $2.47B vs. $2.8B last year.
07:42 EDTCATCaterpillar continue to face headwinds and uncertainty in 2015
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07:42 EDTCATCaterpillar raises FY15 EPS $5.00 from $4.75, consensus $4.67
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07:40 EDTCATCaterpillar expect to continue to repurchase stock this year
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07:39 EDTCATCaterpillar reports Q1 EPS excluding costs $1.86, consensus $1.35
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April 22, 2015
15:50 EDTCATNotable companies reporting before tomorrow's open
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15:30 EDTCATCaterpillar technical comments ahead of earnings
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13:50 EDTCATCaterpillar volatility elevated into Q1 and outlook
Caterpillar April weekly call option implied volatility is at 66, May is at 23, June and August is at 19; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q1 on April 23.
13:33 EDTCATEarnings Watch: Caterpillar sales appear negative for earnings, Wells Fargo says
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10:47 EDTCATCaterpillar sales report, checks appear negative for earnings, says Wells Fargo
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10:42 EDTCATCaterpillar reports retail machines sales down 12% in three months end March
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