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Stock Market & Financial Investment News

News Breaks
November 14, 2012
15:44 EDTGWWGrainger narrows FY12 EPS ex-items view to $10.55-$10.75 from $10.50-$10.80
Consensus $10.56. Reiterates FY12 sales growth forecast of 11%-12%, consensus $8.97B. Says EPS excludes reserve adjustment related to the expected settlement with the Department of Justice announced October 16.
News For GWW From The Last 14 Days
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July 30, 2015
10:00 EDTGWWOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Altria Group (MO) downgraded to Outperform from Buy at CLSA... Baxter (BAX) downgraded to Market Perform from Outperform at Leerink... Changyou.com (CYOU) downgraded to Hold from Buy at Summit Research... Depomed (DEPO) downgraded to Neutral from Buy at Janney Capital... Euronet (EEFT) downgraded to Neutral from Buy at Monness Crespi... Foundation Medicine (FMI) downgraded to Market Perform at JMP Securities... Garmin (GRMN) downgraded to Underweight from Neutral at JPMorgan... Golden Star Resources (GSS) downgraded to Hold at Canaccord... Grainger (GWW) downgraded on negative catalysts at RBC Capital... Henry Schein (HSIC) downgraded to Hold from Buy at Evercore ISI... LINN Energy (LINE) downgraded to Market Perform from Outperform at Raymond James... LifeLock (LOCK) downgraded to Neutral from Buy at BofA/Merrill... LinnCo (LNCO) downgraded to Market Perform from Outperform at Raymond James... Manitowoc (MTW) downgraded to Hold from Buy at BB&T... PACCAR (PCAR) downgraded to Equal Weight on peak cycle concerns at Morgan Stanley... PG&E (PCG) downgraded to Neutral from Outperform at Credit Suisse... Pacer (PACR) downgraded to Equal Weight from Overweight at Morgan Stanley... Penn Virginia (PVA) downgraded to Sector Perform from Outperform at Scotia... Shutterfly (SFLY) downgraded to Market Perform at Raymond James... Terex (TEX) downgraded to Hold from Buy at BB&T... Total System (TSS) downgraded to Neutral at Baird... Whiting Petroleum (WLL) downgraded to Equal Weight from Overweight at Stephens... Whole Foods (WFM) downgraded to Equal Weight from Overweight at Morgan Stanley.
08:14 EDTGWWGrainger to acquire the U.K.'s Cromwell for $482M
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07:27 EDTGWWGrainger downgraded on negative catalysts at RBC Capital
As noted earlier, RBC Capital downgraded Grainger to Underperform from Sector Perform. Among the reasons for the downgrade are what the firm sees as the company's increased competition, negative mix shift, low pricing power, and high vulnerability to economic shifts. Target $205.
July 17, 2015
08:03 EDTGWWGrainger reports Q2 adjusted EPS $3.27, consensus $3.05
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07:33 EDTGWWGrainger says Q2 included charges of $2M related to restructuring at Fabory
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07:33 EDTGWWGrainger cites difficult economic environment, continued sales softness
07:32 EDTGWWGrainger cuts FY15 EPS to $12.00-$12.50 from $12.25-$12.95, consensus $12.35
Cuts FY15 revenue growth to flat to 2% growth from 1%-4% growth.
July 16, 2015
15:02 EDTGWWNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include General Electric (GE), consensus 28c... Honeywell (HON), consensus $1.49... Synchrony Financial (SYF), consensus 62c... SunTrust Banks (STI), consensus 81c... Progressive (PGR), consensus 55c... W.W. Grainger (GWW), consensus $3.05... Kansas City Southern (KSU), consensus $1.02... JB Hunt Transport (JBHT), consensus 90c... Autoliv (ALV), consensus $1.55... Comerica (CMA), consensus 75c... First Horizon (FHN), consensus 20c.

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