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Stock Market & Financial Investment News

News Breaks
April 2, 2013
16:22 EDTCMI, NAV, PCARClass 8 truck orders in-line with expectations, says Wells Fargo
Wells Fargo notes that ACT Research preliminary March 2013 Class 5-8 truck net orders decreased 4% from February despite increasing 4% year-over-year. Class 8 truck orders were 22,100 units, up 10% year-over-year, but down 5% from February's 23,027, the firm added. Wells found the data largely consistent with its expectations, but says the sequential decline may be a short-term negative for Cummins (CMI), Navistar (NAV) and PACCAR (PCAR).
News For CMI;NAV;PCAR From The Last 14 Days
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October 15, 2014
13:16 EDTCMICummins upgraded to Buy from Hold at Standpoint Research
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October 13, 2014
14:34 EDTCMICummins sell-off a buying opportunity, says Argus
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October 8, 2014
10:00 EDTCMIOn The Fly: Analyst Initiation Summary
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06:29 EDTCMICummins initiated with a Buy at Stifel
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October 7, 2014
10:50 EDTCMIAGCO shares slide as company cuts outlook, U.S. machinery sector downgraded
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10:02 EDTCMIOn The Fly: Analyst Downgrade Summary
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09:27 EDTCMIWells says Daimler decision to make engines negative for Cummins
Wells Fargo says Daimler's (DDAIF) announced intention to begin producing medium truck engines for its North American applications beginning in early 2016 is a negative for Cummins (CMI). Wells believes Daimler's decision is a threat to Cummins' supply relationship with Daimler's North American truck business. The firm estimates Cummins realized 45K engines and after-treatment systems to Daimler's North American Class 6-7 truck business over the twelve months ending August 2014. It has a Market Perform rating on the stock.
07:26 EDTCMICummins downgraded to Neutral from Buy at BofA/Merrill
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