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Stock Market & Financial Investment News

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January 20, 2013
14:12 EDTCMI, SCHN, CAT, AA, MMM, DDChina's declining pool of workers may hamper its recovery, Bloomberg says
China's continued growth trajectory may be hampered by a shortage of workers and resources, says Bloomberg, adding that the country's leaders may have to accept an expansion rate of half the peak of the last decade. Reference Link
News For CMI;SCHN;CAT;AA;MMM;DD From The Last 14 Days
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October 8, 2014
16:16 EDTAAAlcoa raises production growth view for North America commercial transportation
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16:07 EDTAAAlcoa CEO says 'transformation is delivering'
“This quarter is a clear data point that Alcoa’s transformation is delivering,” said Klaus Kleinfeld, Alcoa Chairman and CEO. “Our downstream business again achieved historically high profitability, the midstream maintained disciplined cost control while capturing growth, and Primary Metals performed at levels not seen since before the downturn. This strong quarter is the direct result of our intense focus on repositioning our portfolio, and we’re just hitting our stride.”
16:06 EDTAAAlcoa continues to see global aerospace sales growth of 8%-9% for 2014
Alcoa continues to project 2014 global aerospace sales growth of 8%-9% driven by robust demand for both large commercial aircraft and regional jets. The company tightened its projection for 2014 global automotive production growth from a previous range of 1%-4% in the second quarter to 2%-4%. Global packaging sales growth of 2%- 3% and global building and construction sales growth of 4%-6% in 2014 remain unchanged. In the industrial gas turbine market, the company’s projected decline of 8%-12%, on lower orders for new gas turbines and spare parts, also remains unchanged for the year.
16:04 EDTAAAlcoa continues to see 2014 global aluminum demand growth of 7%
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16:03 EDTAAAlcoa reports Q3 adjusted EPS 31c, consensus 23c
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16:01 EDTAAOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
15:25 EDTAANotable companies reporting after market close
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14:32 EDTAAAlcoa technical comments before earnings
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12:31 EDTAAAlcoa October weekly 15.5 straddle priced for 5.4% move into Q3
11:42 EDTAAStocks with call strike movement; AA MU
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11:34 EDTCATCaterpillar maintains dividend of 70c per share
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10:00 EDTCMIOn The Fly: Analyst Initiation Summary
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09:38 EDTAAActive equity options trading on open
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07:25 EDTAAFutures suggest a bounce at the open
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06:29 EDTCMICummins initiated with a Buy at Stifel
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October 7, 2014
15:13 EDTAAEarnings Preview: Alcoa sees Q3 EPS to 'continue to build on strong Q2'
Alcoa (AA) is scheduled to report third quarter earnings after the close on Wednesday, October 8, with a conference call scheduled for 5:00 pm ET. Alcoa is a global manufacturer of aluminum products. EXPECTATIONS: Analysts are looking for earnings per share of 23c on revenue of $5.85B, according to First Call. The consensus range for EPS is 15c-28c on revenue of $5.62B-$6.07B. LAST QUARTER: Alcoa reported second quarter adjusted EPS of 18c against estimates for 12c on revenue of $5.8B against estimates for $5.66B. The company reiterated its 2014 global aluminum demand growth view of 7%, and backed its 2014 global aerospace growth outlook of 8%-9%. It raised its 2014 estimate for the North America commercial transportation market to 10%-14%, from a previous range of 5%-9%. The higher estimate was based in part on rising truck orders and backlogs. CEO Klaus Kleinfeld said the company's transformation was in "high gear." He noted that aerospace business is a tailwind due to strong demand for commercial aircraft, and said the company is well-positioned to capture upside from recent investments. On Alcoa's Q2 earnings conference call, management said during the quarter the company witnessed revenue growth across all major end markets and the businesses continued to deliver productivity gains. They expect Q3 earnings per share to "continue to build on the strong second quarter." ATOI is expected to grow by 5%-10% over last year's third quarter due to continued share gains, stronger market conditions and productivity. Productivity gains are expected to offset cost increases in Q3. For 2014, productivity is ahead of schedule with $556M of productivity gains achieved in first half 2014 against the annual target of $850M. On September 11, Alcoa signed a multi-year supply contract with Boeing (BA) valued at over $1B. STREET RESEARCH: Street research has been overwhelmingly positive in the weeks leading up to Alcoa's Q3 earnings report. On July 9, three firms, Stifel, JP Morgan, and Argus raised their respective price targets on Alcoa. On September 30, BofA/Merrill upgraded Alcoa to Buy from Neutral with a price target of $18. The firm was more positive on the outlook for aluminum and raised Alcoa's 2015 EPS estimate to $1.05 and EBITDA to $4.1B vs. consensus of 85c and $3.8B. BofA said plant closures, better demand, and falling pension costs were catalysts. PRICE ACTION: Alcoa shares have rallied approximately 8% over the past three months, touching a 52-week high of $17.36 in September. Over the past twelve months, the stock is up about 100%. In early afternoon trading ahead of tomorrow's Q3 report, Alcoa shares are down fractionally.
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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