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Stock Market & Financial Investment News

News Breaks
June 2, 2014
16:42 EDTNAV, PCAR, CMI, DDAIF, VOLVYApril truck data positive for Navistar, PACCAR, says Wells Fargo
Wells Fargo says that according to Ward's April 2014 data, April Class 8 truck factory shipments were essentially flat with March and up 8% year-over-year. Wells says truck engine market share gains occurred at Navistar, (NAV) and PACCAR (PCAR), while declining at Daimler (DDAIF), Cummins (CMI) and Volvo (VOLVY). The firm views the report as a modest positive for Navistar and PACCAR.
News For NAV;PCAR;CMI;DDAIF;VOLVY From The Last 14 Days
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July 22, 2014
07:24 EDTDDAIFMercedes invests in training, distribution to catch up in China, WSJ says
Daimler's (DDAIF) Mercedes-Benz unit is investing in China to build its biggest training facility in the world for car dealers and to add 100 new distribution outlets as it works to close the gap in the country with German automaking rivals BMW (BAMXY) and Audi, reported The Wall Street Journal. Reference Link
06:24 EDTDDAIFMercedes aims to outpace China luxury car sales growth, Bloomberg says
Daimlerís Mercedes-Benz foresees outpacing the growth in industry sales of luxury cars in China this year, after merging two rivaling sales networks and adding new models including its new C-class sedan, according to Bloomberg, citing comments from the head of Mercedes-Benz in China Nicholas Speeks. Speeks said the car manufacturer is confident that deliveries will exceed 300K units next year with sales this year reaching close to 250K units. Reference Link
July 21, 2014
05:41 EDTVOLVYVolvo announces partnership with ABB
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July 19, 2014
19:20 EDTVOLVYVolvo to pay penalties on emission compliance of diesel engines
The U.S. Court of Appeals for the District of Columbia Circuit has ruled that the Volvo Group should pay penalties and interest of approximately SEK 508M following a dispute between the Volvo Group and the U.S. Environmental Protection Agency, EPA, regarding emission compliance of diesel engines. The Court of Appeals affirmed a District Courtís ruling that model year 2005 Volvo Penta engines violated the provisions of a Consent Decree. This is expected to have a negative impact on the Groupís operating income of approximately SEK 440M in Q314 in the segment Group functions and other. The Volvo Group had previously accounted for approximately SEK 68M as a provision and approximately SEK 422M as a contingent liability.
July 18, 2014
10:03 EDTDDAIFOn The Fly: Analyst Downgrade Summary
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04:59 EDTDDAIFDaimler AG downgraded to Neutral from Outperform at Credit Suisse
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July 17, 2014
10:00 EDTNAV, VOLVYOn The Fly: Analyst Initiation Summary
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08:27 EDTDDAIFMercedes-Benz issues recall due to air bag assembly error
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July 16, 2014
17:38 EDTNAVNavistar initiated with an Overweight at Piper Jaffray
Target $46.
17:37 EDTVOLVYVolvo initiated with a Neutral at Piper Jaffray
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11:42 EDTDDAIFDaimler to debut new Smart 4, 2 seat vehicles, Automotive News says
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July 14, 2014
06:08 EDTVOLVYABI Research: Over 24M cars to be fitted with Apple CarPlay, DigiTimes says
ABI Research said that over 24M cars will be fitted with Apple (AAPL) CarPlay in 2019, reports DigiTimes. ABI Reserch said that the uptake in MirrorLink will also be fairly significant, but predicts more cars will be fitted with CarPlay. It cites several car makers to have the capabilities, including Ford (F), BMW, Audi, Mercedes, Jaguar/Land Rover, Toyota (TM), Nissan (NSANY), and Volvo (VOLVY). Reference Link
July 9, 2014
10:02 EDTCMIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
07:13 EDTCMICummins downgraded to Buy from Conviction Buy at Goldman
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06:07 EDTDDAIFDaimler could introduce self-driving trucks as early as 2025, Detroit News says
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July 8, 2014
16:18 EDTCMICummins appoints Rich Freeland as COO
Cummins announces Rich Freeland will assume the role of President and COO for Cummins, reporting to Tom Linebarger, who will remain Chairman and CEO. In his new role, Freeland will focus on the company's daily operations. Freeland has been the Engine Business President for Cummins since 2010 overseeing development, manufacturing, marketing and sales for the Company's largest business unit.
15:28 EDTCMICummins capital return, lack of revised guidance positive, says Wells Fargo
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15:24 EDTCMICummins dividend raised more than expected by ISI Group
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14:35 EDTCMICummins spikes to highs of session after dividend raise, share repurchase
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14:31 EDTCMICummins raises quarterly dividend 25%, announces $1B share repurchase plan
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