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Stock Market & Financial Investment News

News Breaks
March 31, 2014
10:37 EDTCMI, PCAR, VOLVYCummins rises after firm starts coverage with Buy rating
Shares of Cummins (CMI) are outperforming the market after research firm Argus initiated coverage of the truck engine maker with a Buy rating in a note to investors earlier today. WHAT'S NEW: Cummins should continue to benefit as truck manufacturers switch to more fuel efficient engines amid stricter environmental regulations and higher fuel costs, the firm predicted. The company's U.S. business should benefit from steady increases in engine sales this year, while its distribution unit should grow as a result of acquisitions, the firm predicted. It set a $162 price target on the stock. PRICE ACTION: In early trading, Cummins rose $3.40, or 2.3%, to $149.50. Meanwhile, truck maker PACCAR (PCAR) gained 1.75% to $67.75. AB Volvo (VOLVY), which makes components for trucks and buses as well as construction equipment, climbed 1.7% to $15.80.
News For CMI;PCAR;VOLVY From The Last 14 Days
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July 23, 2014
12:59 EDTCMIEarnings Preview: Caterpillar shares near 52-week high ahead of Q2 report
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10:44 EDTCMICaterpillar read-through modest negative for Cummins, says Wells Fargo
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July 22, 2014
10:00 EDTVOLVYOn The Fly: Analyst Upgrade Summary
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08:57 EDTVOLVYVolvo upgraded to Neutral from Sell at Goldman
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July 21, 2014
05:41 EDTVOLVYVolvo announces partnership with ABB
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July 19, 2014
19:20 EDTVOLVYVolvo to pay penalties on emission compliance of diesel engines
The U.S. Court of Appeals for the District of Columbia Circuit has ruled that the Volvo Group should pay penalties and interest of approximately SEK 508M following a dispute between the Volvo Group and the U.S. Environmental Protection Agency, EPA, regarding emission compliance of diesel engines. The Court of Appeals affirmed a District Courtís ruling that model year 2005 Volvo Penta engines violated the provisions of a Consent Decree. This is expected to have a negative impact on the Groupís operating income of approximately SEK 440M in Q314 in the segment Group functions and other. The Volvo Group had previously accounted for approximately SEK 68M as a provision and approximately SEK 422M as a contingent liability.
July 17, 2014
10:00 EDTVOLVYOn The Fly: Analyst Initiation Summary
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July 16, 2014
17:37 EDTVOLVYVolvo initiated with a Neutral at Piper Jaffray
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July 14, 2014
06:08 EDTVOLVYABI Research: Over 24M cars to be fitted with Apple CarPlay, DigiTimes says
ABI Research said that over 24M cars will be fitted with Apple (AAPL) CarPlay in 2019, reports DigiTimes. ABI Reserch said that the uptake in MirrorLink will also be fairly significant, but predicts more cars will be fitted with CarPlay. It cites several car makers to have the capabilities, including Ford (F), BMW, Audi, Mercedes, Jaguar/Land Rover, Toyota (TM), Nissan (NSANY), and Volvo (VOLVY). Reference Link
July 9, 2014
10:02 EDTCMIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
07:13 EDTCMICummins downgraded to Buy from Conviction Buy at Goldman
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