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Stock Market & Financial Investment News

News Breaks
March 6, 2013
17:37 EDTITWIllinois Tool Works, Relational, Batchelder in one-year extension of pact
On March 1, Illinois Tool Works and Relational Investors, David H. Batchelder, and certain other Relational affiliates entered into a one-year extension of the letter agreement they had entered into on January 13. The extension provides Relational with an option to appoint Mr. Batchelder to the ITW board of directors at Relational's request any time before the ninetieth day prior to ITW's 2014 Annual Meeting of Stockholders. Should Mr. Batchelder join the company's board, ITW agrees to re-nominate him at the Company's 2014 Annual Meeting of Stockholders for a customary one-year term. During the term of the agreement, Relational has agreed to support the company's recommendations for
News For ITW From The Last 14 Days
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July 29, 2014
09:07 EDTITWIllinois Tool Works reports Q2 organic revenue up 1.4%
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08:05 EDTITWIllinois Tool Works sees Q3 EPS $1.19-$1.27, consensus $1.23
Sees total revenue growth in a range of 3%-4%.
08:04 EDTITWIllinois Tool Works sees 2014 EPS $4.50-$4.62 vs. previous $4.45-$4.65
Consensus $4.57. Total revenue is expected to continue to grow in a range of 3%-4%.
08:03 EDTITWIllinois Tool Works reports Q2 EPS $1.21, consensus $1.20
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July 28, 2014
15:47 EDTITWNotable companies reporting before tomorrow's open
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14:39 EDTITWIllinois Tool Works technical notes ahead of earnings
The shares have turned in a flat performance in the last three months, but have traded in a relatively wide range. The peak of price for that range was at $89.50, the 52-week high with $84 the low. Price was last at $84.74. With the recent decline from peak, the stock has broken the longer-term uptrend in place since the lows of February. The 10-day and 50-day moving averages have bearishly crossed, indicating a loss of upside momentum. On worse than anticipated results or guidance, the 200-day moving average at $82.49 would be a first and important test of support. A breakdown below the 200-day would be bearish for the long-term and is a sell signal in many trading systems with long time frames. Additional support below $82.49 would be at $79.47 and $76.25. On better than expected news, resistance would be at $87, the 50-day moving average. It would take a move back above the 50-day to put the shares back on a bullish footing. Next resistance would be at $89.50, the life high for the stock. Any move above that level would have no resistance to encounter, with $90 and $92.50 as possible objectives.

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