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Stock Market & Financial Investment News

News Breaks
March 18, 2014
04:55 EDTPH, PH, PH, PH, SI, SI, SI, SI, UTX, UTX, UTX, UTX, OSK, OSK, OSK, OSK, TKR, TKR, TKR, TKR, AGCO, AGCO, AGCO, AGCO, ALSN, ALSN, ALSN, ALSN, DCI, DCI, DCI, DCI, URI, URI, URI, URI, GNRC, GNRC, GNRC, GNRC, HON, HON, HON, HON, MMM, MMM, MMM, MMM, TXT, TXT, TXT, TXT, ETN, ETN, ETN, ETNBofA/Merrill to host a conference
Global Industrials & EU Autos Conference 2014 is being held in London, England on March 18-21.
News For PH;TXT;MMM;HON;GNRC;URI;DCI;ALSN;AGCO;TKR;OSK;UTX;SI;ETN From The Last 14 Days
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October 13, 2014
05:40 EDTPHParker-Hannifin downgraded to Market Perform from Outperform at Wells Fargo
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October 10, 2014
11:47 EDTUTXUnited Technologies initiated with a Buy at Tigress Financial
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October 9, 2014
14:01 EDTOSKOshkosh Defense segment aims to cut workforce by 250-300
Oshkosh announced that its Defense segment plans to reduce its workforce in Oshkosh by approximately 250-300 hourly positions in December. In addition, approximately 70 salaried positions will be eliminated with the majority being temporary employees, elimination of open positions and those retiring. With the reduction, Oshkosh will retain more than 1,800 Defense employees in Oshkosh, Wisconsin and key regional facilities around the world. The company said, "We continue to reshape our workforce as a result of significantly lower U.S. defense spending and dramatic reductions in military vehicle production. We have gone to great lengths to minimize and delay the impact of these changes on our Defense workforce. At the same time we are aggressively competing for future contracts including JLTV, MSVS and other international opportunities, which will serve as a catalyst for growth of the Defense business.
13:56 EDTUTXObama calls on Congress to lift defense spending cuts, Politico says
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October 8, 2014
08:57 EDTURIUnited Rentals has reached compelling entry point, says Oppenheimer
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October 7, 2014
16:19 EDTAGCOOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory and remained there for the entire session. A weak industrial production report out of Germany and the IMF's lowering of its global growth forecast filled the news void left by another relatively light day on the domestic economic calendar. The volume was heavy and the selling was broad based, with each of the major equity indexes losing more than 1.5%. ECONOMIC EVENTS: In the U.S., the Job Openings and Labor Turnover Survey, or JOLTs report, showed job openings surged 230K to 4.835M in August, marking their highest level since January 2001. Consumer credit rose only $13.5B in August, missing expectations for an increase in credit of $20B. In Europe, German industrial production dropped 4% sequentially in August on an adjusted basis, which was a steeper slide than economists forecast and its biggest decline since January 2009. Also of note, the International Monetary Fund cut its global economic growth forecasts for the third time this year. The growth forecast for 2014 was trimmed to 3.3% from a July forecast of 3.4%, while the 2015 projection was lowered to 3.8% from 4.0% previously. COMPANY NEWS: AGCO (AGCO) fell $4.97, or 10.55%, to $42.13 after the company lowered its third quarter view and cut its fiscal year 2014 earnings per share outlook for a second time after previously lowering it in July. The stock, along with several others in the U.S. machinery industry, were downgraded today at Bank of America Merrill Lynch. Merrill also downgraded Deere (DE) to Underperform from Neutral this morning, citing the collapse in corn and soybean pricing and the strengthening U.S. dollar, and its shares also declined $2.83, or 3.42%, to $80.01. MAJOR MOVERS: Among the notable gainers was GT Advanced (GTAT), which rebounded 41c, or 51.25%, to $1.21 following its sharp, 93% decline yesterday after its unexpected bankruptcy filing. Today's recovery, however, still leaves the stock far below the $11 per share level where it began yesterday's trading session. Also higher was CalAmp (CAMP) which rose $3.47, or 21.03%, to $19.97 and was upgraded to Outperform at Macquarie after the wireless technology solutions maker's Q2 report. Among the noteworthy losers was SodaStream (SODA), which sunk $6.05, or 21.94%, to $21.52 after the home beverage carbonation system maker warned that revenue for its third quarter will come in well below Wall Street estimates. Also lower were shares of The Container Store Group (TCS), which dropped $5.45, or 24.9%, to $16.44 after the company lowered its fiscal 2014 outlook. The decline sent the stock below the $18.00 level, where its initial public offering priced last November. INDEXES: The Dow dropped 272.52, or 1.6%, to 16,719.39, the Nasdaq fell 69.60, or 1.56%, to 4,385.20, and the S&P 500 declined 29.73, or 1.51%, to 1,935.09.
12:09 EDTAGCOOn The Fly: Midday Wrap
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10:50 EDTURI, AGCOAGCO shares slide as company cuts outlook, U.S. machinery sector downgraded
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10:18 EDTAGCOHigh option volume stocks
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10:02 EDTURI, AGCOOn The Fly: Analyst Downgrade Summary
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09:21 EDTAGCOAGCO downgraded to Neutral from Buy at Janney Capital
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09:14 EDTAGCOOn The Fly: Pre-market Movers
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07:29 EDTTXTTextron awarded four-year, $43.6M JSECST service life contract
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07:23 EDTURIUnited Rentals downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill downgraded United Rentals citing multi-year share outperformance and lowered Machinery sector estimates due to FX headwinds, lower commodity prices, weaker European PMIs, and lowered China and Brazil expectations. Price target lowered to $120 from $125.
07:23 EDTAGCOAGCO downgraded to Neutral from Buy at BofA/Merrill
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07:03 EDTAGCOAGCO cuts FY14 EPS view to $4.10-$4.30 from $5.00
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07:02 EDTAGCOAGCO cuts Q3 EPS view to 60c-65c including benefit from 75c-80c
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October 6, 2014
18:50 EDTPHParker-Hannifin joint venture to expand, increase workforce
Advanced Atomization Technologies, the joint venture between Parker Aerospace and GE Aviation, will expand its facility in Clyde, New York. The updated manufacturing facility and new office building will accommodate increased demand for work that is being scheduled for new engine programs that are experiencing dramatic production ramp up within the next several years. With increased work volume driving the expansion, the company plans to hire 80 to 100 additional team members over the next five years.
07:35 EDTETNEaton price target lowered to $70-$73 from $80-$83 at Wells Fargo
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07:09 EDTALSNAmerican Trucking Association to hold a conference
2014 ATA Management Conference is being held in San Diego on October 4-7.
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