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News Breaks
March 21, 2013
08:56 EDTETN, PCAR, CMI, DAN, VOLVY, ALSNBarclays to host events at Mid-America Truck Show
Barclays Events at Mid-America Truck Show in Louisville, Kentucky on March 20-21.
News For PCAR;ALSN;DAN;ETN;VOLVY;CMI From The Last 14 Days
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February 26, 2015
16:05 EDTETNEaton files automatic mixed securities shelf
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07:23 EDTCMIANSYS' software portfolio selected by Cummins
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07:21 EDTCMICummins signs agreement with ANSYS
ANSYS (ANSS) announced that Cummins (CMI) has signed a new agreement providing it with broad access to the ANSYS portfolio. This enterprise license agreement will enable Cummins to continue to solve some of the industry's most challenging multiphysics problems providing its customers with some of the most innovative products on the market. The multi-year agreement provides Cummins with enterprise-wide licenses to the ANSYS structures, fluids and high-frequency electromagnetics suites as well as access to high-performance computing solutions. Cummins will also receive enhanced support and services as well as unlimited classroom and online training. The new agreement complements the Cummins Analysis Led Design initiative, which emphasizes simulation early in the product design process, when it is more cost-efficient to make changes.
February 25, 2015
08:31 EDTETNEaton raises quarterly dividend 12.2% to 55c per share
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07:17 EDTCMICummins management to meet with UBS
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February 24, 2015
10:24 EDTETNEaton to host analyst meeting
Analyst meeting to be held in New York on February 27 at 8:30 am. Webcast Link
07:32 EDTVOLVYUBS to hold a field trip
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February 20, 2015
12:53 EDTCMI, PCARCitigroup sees truck carrier stocks poised to outperform
With the U.S. economy growing quickly, the stocks of truck carriers are likely to outperform the S&P 500, Citigroup believes. WHAT'S NEW: Truck transportation prices and truck carrier stocks "respond most directly to economic growth," Citigroup analyst Christian Wetherbee wrote in a note to investors today. After carriers' truckload rates rose 4% last year, the rates should rise by a similar amount this year, Wetherbee predicted. Economic growth, along with the difficulties the carriers are experiencing with recruiting drivers, should be supportive of additional rate increases, the analyst stated. Wetherbee warned that the stocks of truck builders usually underperform during periods such as the current one, when a large amounts of U.S. class 8 trucks are being built. Consequently, truck carrier stocks present investors with an opportunity, while investors should be cautious on truck builders and parts suppliers, he wrote. Among truck carriers, Swift (SWFT) is particularly attractive, since it has underperformed its peers over the last year, Wetherbee stated. Additionally, the company's results appear likely to at least meet consensus estimates, the analyst predicted. He also kept a Buy rating on another truck carrier, Knight Transportation (KNX) and maintained a Buy rating on Cummins (CMI), which builds truck engines. The analyst kept a Hold rating on truck builder PACCAR (PCAR). OTHERS TO WATCH: Navistar (NAV) builds trucks and Celadon (CGI) is another truck carrier. PRICE ACTION: In early afternoon trading, Swift rose 1%, Knight Transportation gained 1.3%, Cummins added 0.7%, and PACCAR lost 0.5%.
06:27 EDTPCAR, CMITrucking stocks likely to outperform S&P 500, says Citigroup
Citigroup says its work indicates trucking stocks respond most directly to economic growth. With the economy on a growth trajectory, Citi expects trucking stocks are likely to outperform the S&P 500. The firm reiterates Buy ratings on Swift Transportation (SWFT) and Knight Transportation (KNX), with a preference for Swift. It also has a Buy rating on Cummins (CMI) and Neutral on PACCAR (PCAR).
February 19, 2015
09:12 EDTDANOn The Fly: Pre-market Movers
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07:09 EDTDANDana Holding begins production of front, rear axles for Chevy and GMC
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07:08 EDTDANDana Holding sees FY15 adjusted EPS $2.05-$2.15, consensus $2.13
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07:07 EDTDANDana Holding reports Q4 adjusted EIBTDA $178M
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07:06 EDTDANDana Holding reports Q4 adjusted EPS 53c, consensus 48c
Reports Q4 revenue $1.58B, consensus $1.60B
February 18, 2015
10:33 EDTALSNAllison Transmission management to meet with Oppenheimer
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