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Stock Market & Financial Investment News

News Breaks
July 3, 2014
09:49 EDTNAV, DDAIF, PCAR, VLKAYVolkswagen bid rumor short term positive for PACCAR, says Wells Fargo
After Daimler's (DDAIF) Truck CEO reportedly suggested at a company event that Volkswagen (VLKAY) will seek to acquire PACCAR (PCAR), Wells Fargo said it is skeptical that Volkswagen will make a bid, noting that the company has since denied it is looking to make a takeover play. However, Wells thinks the news could be a short term positive for PACCAR and a negative for peer Navistar (NAV), which the firm notes has previously been speculated as a target for the German automaker.
News For PCAR;NAV;VLKAY;DDAIF From The Last 14 Days
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March 6, 2015
06:10 EDTDDAIFDaimler plans to spend $500M to build factory in South Carolina, WSJ reports
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March 5, 2015
18:32 EDTVLKAYVolkswagen to announce $1B Mexican investment next week, Reuters reports
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12:55 EDTNAVNavistar put activity attributed to takeover speculation
Navistar March weekly 28.5 and 29 puts are active on total put volume of 600 contracts (200 calls) on takeover chatter. March weekly put option implied volatility is at 59, March is at 40, April is at 41, July is at 39; compared to its 26-week average of 40 according to Track Data. Active put volume suggests traders taking positions for price movement.
12:54 EDTVLKAY, PCAR, DDAIF, NAVNavistar jumps after TheDeal speculates on potential for company to be acquired
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12:46 EDTNAVRumor: Navistar strength attributed to takeover speculation
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March 3, 2015
13:22 EDTVLKAYMarchionne says he has ideal merger partner in mind, Reuters reports
Fiat Chrysler (FCAU) is exploring various options for M&A activity, said the company's CEO,Sergio Marchionne , according to Reuters. Marchionne added that he had an ideal partner in mind, and would not disclose its identity, but said that it is not Volkswagen (VLKAY), the news service reported. Reference Link
10:51 EDTVLKAYVolkswagen reports February U.S. sales down 5.2% to 25,710 units
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09:26 EDTNAVOn The Fly: Pre-market Movers
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07:22 EDTNAVNavistar reports Q1 ends with $733M in manufacturing cash
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07:22 EDTNAVNavistar sees Q2 adjusted EBITDA $100M-$150M
Sees Q2 manufacturing cash, cash equivalents and marketable securities between $700M-$800M. The company reiterated its forecast for retail deliveries of Class 6-8 trucks and buses in the United States and Canada to be in the range of 350,000 to 380,000 units for fiscal year 2015. It also announced that it remains on track to achieve its goal of an 8-10 percent adjusted EBITDA margin run rate exiting fiscal year 2015.
07:21 EDTNAVNavistar reports Q1 EPS (52c), consensus ($1.09)
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February 27, 2015
06:37 EDTDDAIFNissan president to emphasize customer service, dealerships, WSJ says
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February 25, 2015
10:01 EDTDDAIFOn The Fly: Analyst Upgrade Summary
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07:20 EDTDDAIF, VLKAYVolkswagen CEO views Renschler, Diess as possible successors, Reuters reports
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05:58 EDTDDAIFDaimler AG upgraded to Outperform from Neutral at Credit Suisse
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February 24, 2015
13:13 EDTVLKAYTesla Model S named 'best overall' by Consumer Reports
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February 20, 2015
12:53 EDTNAV, 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 EDTPCARTrucking 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).

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