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Stock Market & Financial Investment News

News Breaks
July 3, 2014
06:08 EDTPCAR, DDAIF, VLKAYVolkswagen denies reports of PACCAR takeover, Dow reports
A spokesman for Volkswagen (VLKAY) said there is "no truth" to reports that the German automaker is planning an acquisition bid for PACCAR (PCAR), Dow Jones reports. The denial follows research reports from Bernstein and ISI Group which quoted Daimler (DDAIY) truck chief Wolfgang Bernhard as saying he has been told that Volkswagen wants to take over Paccar, the report adds. Reference Link
News For PCAR;VLKAY;DDAIF From The Last 14 Days
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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 EDTVLKAY, DDAIFVolkswagen 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 EDTPCARCitigroup 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).
February 18, 2015
06:38 EDTVLKAYCar sales rose in Europe last month, NY Times says
European car sales increased 6.7% in January, versus the same period a year earlier, data from the European Automobile Manufacturers’ Association indicates, according to The New York Times. January was the 17th straight month that European car sales have increased, but they remain well below the levels they reached before the financial crisis, the newspaper stated. Publicly traded companies in the space include Fiat Chrysler (FCAU), Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
February 17, 2015
08:43 EDTDDAIFDaimler recalling 149,000 Mercedes in China and Germany, Reuters says
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