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News Breaks | | | | March 5, 2013 | | 07:37 EDT |  | MNTX, WNC, DE, TEX, ITW, PH, OSK, URI, CAT | ISI Group to host a conference
Industrials Conference is being held in New York on March 5. | |
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News For MNTX;WNC;DE;TEX;ITW;PH;OSK;URI;CAT From The Last 14 Days Check below for free stories on MNTX;WNC;DE;TEX;ITW;PH;OSK;URI;CAT the last two weeks. |
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| June 19, 2013 | | 11:01 EDT |  | MNTX | Manitex re-initiated with a Buy at Sidoti
 Subscribe for More Information | | | June 18, 2013 | | 08:23 EDT |  | TEX | Terex price target lowered to $38 from $41 at RW Baird
Subscribe for More Information | | | 08:10 EDT |  | PH | Parker-Hannifin's Parker Aerospace partners with Rolls-Royce
Subscribe for More Information | | | 06:43 EDT |  | DE | White House says president would veto House farm bill, Politico reports
The White House warned yesterday that President Obama would veto the farm bill that the House is considering, according to Politico. The White House objects to cuts in food stamps in the bill, and wants to cut crop insurance subsidies instead, the website stated. Reference Link | | | June 17, 2013 | | 16:20 EDT |  | TEX | On The Fly: Closing Wrap
Stocks on Wall Street were higher following a session dominated by speculation over what is next for the Federal Reserve. The averages trimmed their gains after an article by the Financial Times suggested the Fed would signal a tapering of its pace of asset purchases at its Wednesday press conference. The upward trend resumed after the article's author said the report was based on opinion and that, "The Fed does not leak anything to any journalist to steer markets - especially during blackout." ECONOMIC EVENTS: In the U.S., the New York Fed Empire State Survey for June came in at 7.40, versus expectations for a 0 reading. The NAHB housing market confidence index for June rose to 52, versus the forecast for a more modest climb to 45 from its prior 44 reading. In Europe, Germany's Bundesbank said economic indicators for April pointed to robust growth in the second quarter and business sentiment improved in May, though warned of signs that growth in Europe's largest economy would slow over the summer. COMPANY NEWS: Netflix (NFLX) and DreamWorks (DWA) both climbed after announcing a major content deal. Under the agreement, DreamWorks will provide over 300 hours of content to Netflix, which the TV and movie service expects to start broadcasting next year. After the announcement, Netflix rose $15.24, or 7.12%, to $229.23, while DreamWorks added 93c, or 4.08%, to $23.74. MAJOR MOVERS: Among the notable gainers was Kandi Technologies (KNDI), up $1.53, or 24.4%, to $7.80 after saying it will deploy 5K-10K pure electric vehicles in China within the first year of launch. Also higher were shares of ViroPharma (VPHM), up $1.71, or 6.3%, to $28.87 after Reuters said the company has attracted takeover interest, though the company is not pursuing a sale. Among the noteworthy losers was Terex (TEX), down $2.45, or 7.72%, to $29.29 after the company lowered it fiscal year earnings view. Also lower was Medivation (MDVN), down $3.45, or 6.78%, to $47.41 after Johnson & Johnson (JNJ) acquired the company's competitor, privately held Aragon Pharmaceuticals. INDICES: The Dow was up 109.67, or 0.73%, to 15,179.85; the Nasdaq was up 28.57, or 0.83%, to 3,452.13; and the S&P 500 was up 12.31, or 0.76%, to 1,639.04. | | | 12:29 EDT | | TEX | On The Fly: Midday Wrap
Subscribe for More Information | | | 10:38 EDT |  | TEX | Terex drops sharply after revising guidance, levels to watch
The stock is down over 12% at time of writing to $27.91 following a revision in guidance from the company earlier today. It took down Q2 EPS to a range of 50 cents to 60 cents versus consensus of 82 cents. For its fiscal year 2013, it cut its view to $1.90 to $2.10 per share versus expectations of $2.40 to $2.70 per share. At current price, next support is at $26.93. Resistance is at $28.58. | | | 09:58 EDT | | DE | Deere FY14 EPS estimate lowered below Street at Cleveland Research
Subscribe for More Information | | | 09:19 EDT | | TEX | On The Fly: Pre-market Movers
Subscribe for More Information | | | 09:11 EDT |  | TEX | Terex volatility elevated into lower 2013 guidance
Subscribe for More Information | | | | 08:33 EDT |  | TEX | Terex sees Q2 adjusted EPS 50c-60c, consensus 82c
Subscribe for More Information | | | 08:32 EDT | | TEX | Terex lowers FY13 EPS view to $1.90-$2.10 from $2.40-$2.70, consensus $2.55
Terex Corporation announced that it is lowering its FY13 earnings per share view to $1.90-$2.10, as adjusted for certain non-recurring items. Previous full year 2013 guidance was an earnings per share of between $2.40 and $2.70. The company said, “The level of sales growth has softened overall for Terex when compared with the increases we originally anticipated for 2013. More specifically, we are experiencing a softer marketplace for our Construction, Material Handling & Port Solutions, and, to a lesser degree, our Cranes operations. We do continue to experience positive replacement demand for Aerial Work Platform products and solid performance for Materials Processing. However, strength from these businesses will not offset the revenue variances of the balance of our business. Fundamentally, North America continues to improve, but now at a slower pace, while Europe remains challenging overall, and the markets in the rest of the world are mixed. We remain generally on track with the operating changes underway, including the cost reduction initiatives in our MHPS and Cranes businesses, as well as the divestiture of underperforming businesses in our Construction segment. We continue to expect that the second half of 2013 will show improved results when compared with 2012.” | | | June 12, 2013 | | 12:27 EDT | | CAT | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:42 EDT | | CAT | Caterpillar raises dividend 15% to 60c from 52c per share
Subscribe for More Information | | | 11:41 EDT | | CAT | Caterpillar raises dividend 15%
| | | 10:14 EDT | | TEX | On the Fly: Initiation Summary
AMRI (AMRI) coverage resumed with a Buy at Sterne Agee… AMRI (AMRI) re-initiated with a Buy at Sterne Agee… Allscripts (MDRX) re-initiated with a Buy at Sterne Agee… Amkor Technology (AMKR) initiated with a Buy at Sidoti… Astec (ASTE) initiated with a Hold at Stifel… Bob Evans (BOBE) initiated with an Outperform at Oppenheimer… Calumet Specialty Products (CLMT) initiated with an Outperform at Credit Suisse… Cerner (CERN) re-initiated with a Neutral at Sterne Agee… Charles River Labs (CRL) re-initiated with a Buy at Sterne Agee… Covance (CVD) re-initiated with a Buy at Sterne Agee… First Republic Bank (FRC) initiated with an Overweight at Barclays… Greenway Medical (GWAY) re-initiated with an Underperform at Sterne Agee… Gulfport Energy (GPOR) re-initiated with an Outperform at Credit Suisse… ICON plc (ICLR) re-initiated with a Neutral at Sterne Agee… Manitowoc (MTW) initiated with a Buy at Stifel… PAREXEL (PRXL) re-initiated with a Neutral at Sterne Agee… Pacific Drilling (PACD) initiated with an Outperform at Credit Suisse… Perrigo (PRGO) initiated with an Overweight at Morgan Stanley… Quality Systems (QSII) re-initiated with a Neutral at Sterne Agee… Quintiles (Q) initiated with an Underperform at Sterne Agee… Reliance Steel (RS) initiated with a Hold at Topeka… SVB Financial (SIVB) initiated with an Equal Weight at Barclays… Terex (TEX) initiated with a Buy at Stifel… Texas Roadhouse (TXRH) initiated with a Buy at BofA/Merrill… Whiting Petroleum (WLL) initiated with an In-Line at Imperial Capital… athenahealth (ATHN) re-initiated with a Neutral at Sterne Agee. | | | 07:52 EDT | | DE | Deere says May utility tractor sales flat, row crop sales up over 18%
Industry utility tractor sale were up 6% in May, though Deere sales were flat in the month, the company said. May sales of row crop tractors were up 18% for the industry and Deere sales were up more than the industry in the category, the company said. Industry sales of four-wheel drive tractors were down 9% for May, while Deere sales in the category were down "low double digits." | | | 06:39 EDT | | TEX | Terex initiated with a Buy at Stifel
Subscribe for More Information | | | June 11, 2013 | | 10:27 EDT | | TEX | Terex sees FY13 EPS $2.40-$2.70, consensus $2.57
Subscribe for More Information | | | 07:06 EDT | | CAT | Hudbay Minerals receives $130M commitment for equipment financing facility
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