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October 3, 2013
06:33 EDTCMI, NAV, PCARSeptember Class 8 truck orders as expected, says Wells Fargo
Wells Fargo says September truck orders were about as expected, "good but not great." The firm added that it continues to await October activity to determine potential downside risk to its 2014 Class 8 unit production forecast of 290,000. Wells notes ACT Research reported preliminary September 2013 Class 5-8 truck net orders decreased 4% from August's 38,302 but increased 22% year-over-year. Wells views the numbers as a short-term neutral to very modest positive for truck-related stocks Cummins (CMI), Navistar (NAV) and PACCAR (PCAR).
News For CMI;NAV;PCAR From The Last 14 Days
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September 2, 2014
15:37 EDTNAVNavistar September weekly volatility elevated into Q3 and outlook
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15:32 EDTNAVNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Toll Brothers (TOL), consensus 45c; Navistar (NAV), consensus (66c); G-III Apparel (GIII), consensus 16c; Vince Holding (VNCE), consensus 24c; Dorian LPG (LPG), consensus 1c.
August 21, 2014
07:18 EDTCMI, NAV, PCARJuly Class 8 sales rose 16% year-over-year, says JPMorgan
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August 20, 2014
10:39 EDTCMICaterpillar data may be negative for shares in short-term, says Wells Fargo
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