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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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August 21, 2014
05:48 EDTVOLVYVolvo reports July truck deliveries down 9% to 15,410
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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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August 18, 2014
06:30 EDTVOLVYVolvo targets wealthy Chinese with vehicle revamp, Reuters says
Volvo's (VOLVY) latest generation of vehicles are revamped to include luxury designs and features that target China's wealthy population in hopes that the cars will reverse diminishing sales, according to Reuters citing comments from Volvo CEO Hakan Samuelsson. Samuelsson said, "Prices will be the same level as competitors like the Germans. Customers should not expect to buy them cheaper than an Audi (AUDVF)." Reference Link
August 11, 2014
07:15 EDTCMICummins and Allison Transmission remain well positioned says Barclays
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