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Stock Market & Financial Investment News

News Breaks
March 5, 2013
07:37 EDTURI, ITW, WNC, OSK, TEX, MNTX, CAT, PH, DEISI Group to host a conference
Industrials Conference is being held in New York on March 5.
News For MNTX;WNC;DE;TEX;ITW;PH;OSK;URI;CAT From The Last 14 Days
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January 22, 2015
16:48 EDTPHParker-Hannifin CEO Donald Washkewicz announces intention to retire
On January 21, Donald E. Washkewicz, Chairman of the Board, CEO president of Parker-Hannifin Corporation, notified the Board of Directors of the company that, effective February 1, he intends to retire as CEO and president of the company. Washkewicz will remain as an executive officer of the company in the position of Chairman of the Board. On January 21, the Board of Directors of the company elected Thomas L. Williams, 56, as CEO of the company, effective February 1, and as a director of the company, effective January 21.
09:16 EDTURIOn The Fly: Pre-market Movers
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08:10 EDTURIUnited Rentals guidance should bring relief rally, says Jefferies
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07:10 EDTURIUnited Rentals shares oversold, says RBC Capital
RBC Capital believes that United Rentals' 25% tumble since late November is overdone. The firm thinks the company's Q4 results and guidance were favorable, and it recommends buying the shares.
January 21, 2015
18:27 EDTURIOn The Fly: After Hours Movers
UP AFTER EARNINGS: eBay (EBAY), up 2.9%... United Rentals (URI), up 1.5%. ALSO HIGHER: Minerva (NERV), up 16.1% after reporting positive Phase 1 data with MIN-202... Endo (ENDP), up 3.1% after it was announced that Endo will replace Covidien in S&P 500 as of 1/26 close... Covidien (COV) is up 1%. DOWN AFTER EARNINGS: F5 Networks (FFIV), down 15.8%... Xilinx (XLNX), down 6.1%... Discover Financial Services (DFS), down 3.3%... American Express (AXP), down 2.2%. ALSO LOWER: BioMarin (BMRN), down 2.5% after filing to sell 7.25M shares of common stock... Kinder Morgan (KMI), down 1.9% after announcing that it will acquire Hiland Partners for approximately $3B and reporting fourth quarter results... Cisco (CSCO), down 1.4% after Bloomberg reported that Oracle's (ORCL) Ellison said that Oracle's new Virtual Compute Appliance is cheaper than Cisco's product.
16:13 EDTURIUnited Rentals sees FY15 adjusted EBITDA $2.95B-$3.05B, consensus $8.20
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16:11 EDTURIUnited Rentals reports Q4 adjusted EPS $2.19, consensus $2.07
Reports Q4 revenue $1.564B, consensus $1.52B.
15:27 EDTURINotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.38; Kinder Morgan (KMI), consensus 34c; eBay (EBAY), consensus 89c; Discover Financial Services (DFS), consensus $1.30; Crown Castle (CCI), consensus $1.05; Crown Castle (SNDK), consensus $1.27; Xilinx (XLNX), consensus 61c; F5 Networks (FFIV), consensus $1.49; United Rentals (URI), consensus $2.07; Plexus (PLXS), consensus 72c; Boston Private Financial Holdings (BPFH), consensus 22c; Dolby Laboratories (DLB), consensus 38c; SLM (SLM), consensus 5c; East West Bancorp (EWBC), consensus 65c; Raymond James Financial (RJF), consensus 86c; BancorpSouth (BXS), consensus 32c.
11:28 EDTURIUnited Rentals January weekly volatility elevated into Q4 and outlook
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10:01 EDTOSKOn the Fly: Analyst Initiation Summary
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07:44 EDTURIUnited Rentals price target lowered to $110 from $132 at UBS
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07:43 EDTCATCaterpillar guidance expected to disappoint, says UBS
UBS sees many headwinds for Caterpillar, including lower oil prices, slowing construction activity, and foreign currency headwinds. Although the firm feels the risks are already priced into the stock, they lowered estimates and expect forward guidance to be disappointing. UBS reiterated its Neutral rating but lowered its price target to $84 from $104 on Caterpillar shares.
07:39 EDTOSKOshkosh initiated with a Neutral at Susquehanna
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January 16, 2015
07:23 EDTCATJim Chanos says long shares of Apple
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07:16 EDTCATCaterpillar January weekly volatility elevated into Q4 and outlook
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07:12 EDTCATChanos says two of three Caterpillar areas 'highly troubled'
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January 15, 2015
10:59 EDTTEX, MNTXManitex completes acquisition of PM Group, SpA
Manitex International (MNTX) announced that it has successfully completed its previously announced acquisition of PM Group S.p.A. The purchase price of $91M, which reflects exchange rate changes in effect at the closing, compares to the previously announced price of $107M, and consisted of cash consideration of $21M, assumed non-recourse debt of $60M, and one million shares of Manitex common stock. Financing for the cash portion of the purchase price was provided by Manitex's recently announced new bank credit facilities and the issuance of new convertible subordinated notes to institutional investors. David J. Langevin, Chairman and CEO of Manitex International, stated, "The PM acquisition is expected to be accretive to our net earnings in 2015 and beyond. The addition of PM, together with ASV, our new joint venture with Terex Corporation (TEX), positions Manitex to start 2015 at an annual sales run rate of approximately $500M."
January 14, 2015
09:31 EDTPHParker-Hannifin continues to have risk to 2015 outlook, says Cleveland Research
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08:26 EDTWNCWabash raises FY14 EPS view to 83c-85c, consensus 80c
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January 12, 2015
15:47 EDTDEUSDA data improved but still implies row crop cash decline, says Wells Fargo
Wells Fargo said the January data in the USDA's WASDE report indicates row crop cash flow will drop 18% year-over-year, which is improved from the 21% decline implied by the December report, but remains negative for Agricultural equipment makers like AGCO (AGCO) and Deere (DE). The firm maintains its Underperform rating on AGCO and Market Perform rating on Deere.
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