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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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August 25, 2015
09:55 EDTTKRTimken management to meet with CL King
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08:21 EDTUTXUnited Technologies reaffirms FY15 cont. ops EPS $6.15-$6.30, consensus $6.21
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August 23, 2015
19:18 EDTAGCOAGCO CEO sees machinery demand returning in 2016, FT says
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August 21, 2015
13:02 EDTAGCOChanos says heavy equipment companies 'have the wind in their face'
Jim Chanos of Kynikos Associates said on CNBC that the companies selling heavy equipment will "have the wind in their face" for years as inventory is worked though. Chanos added that he remains short shares of Caterpillar (CAT), pointing out the company acquired Bucyrus at the top of the market. Peers of Caterpillar include Deere (DE) and AGCO (AGCO).
12:17 EDTAGCODeere slides after Q3 results and outlook impacted by deteriorating farm economy
Despite reporting third quarter results that surpassed analyst expectations, shares of farm equipment maker Deere (DE) are falling after the company said it sees farm equipment sales for the year lower than previously thought, as the downturn in the agricultural economy continues. WHAT'S NEW: Deere reported Q3 EPS of $1.53, down from $2.33 in the year-ago quarter, and revenue of $7.6B, down 20% from last year's Q3. Analysts' consensus estimates for Q3 were for EPS of $1.44 on revenue of $7.17B. John Deere's Chief Executive Officer Samuel Allen said, "John Deere's third quarter results reflected the continuing impact of the downturn in the farm economy as well as lower demand for construction equipment." WHAT'S NOTABLE: Looking ahead, the farm equipment maker forecast full year 2015 world-wide sales of its farm equipment to be lower by about 25% for the year compared to the 24% it forecast in May with its Q2 report. On its Q3 earnings conference call, the company said crop prices are stabilizing near the long-term average and the dairy sector remains under pressure. Beef prices remain solid while pork prices remain at low levels, Deere added. In China, the company sees continued slowdown in economic growth, lower commodity prices impacting agricultural economy, and mechanizing trends and ongoing subsidies supportive of agriculture. In India, the company sees positive consumer and investor sentiment supporting economic growth, and two consecutive below normal monsoon seasons impacting farm incomes. In the Commonwealth of Independent States, the company sees a continued deterioration of economic growth and credit conditions remaining challenged. Deere sees crop value of agricultural production in Brazil to decrease 11% in 2015. PRICE ACTION: Shares of Deere are down $6.04, or 6.6%, to $84.61 in midday trading. OTHERS TO WATCH: Other companies that are leveraged to agriculture include AGCO (AGCO),Potash (POT), Mosaic(MOS), Agrium (AGU), Syngenta (SYT), CF Industries (CF), and DuPont (DD).
10:02 EDTURIOn The Fly: Analyst Initiation Summary
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08:23 EDTURIUnited Rentals initiated with a Sell at Axiom
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August 20, 2015
16:48 EDTUTXOn The Fly: Top stock stories for Thursday
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13:26 EDTUTXOn The Fly: Top stock stories at midday
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12:44 EDTUTXNortek up 20.8% to $89.59 after WSJ reports in talks to be acquired byUnited Technologies
12:34 EDTUTXUnited Technologies in talks to buy Nortek, WSJ reports
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12:22 EDTUTXUnited Technologies in talks to acquire Nortek, Dow Jones reports
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10:07 EDTOSKHigh option volume stocks
High option volume stocks: HCBK BCOV MSG EMB MTH ACE PLKI OSK ACWI SOXX
August 19, 2015
17:07 EDTMMMPolypore receives antitrust clearances for Asahi Kasei merger
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10:10 EDTOSKCiti says Army contract could be worth $30B, ups Oshkosh to Buy
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09:35 EDTOSKOshkosh upgraded to Buy from Neutral at Citi
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08:59 EDTGNRCGenerac management to meet with William Blair
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August 14, 2015
16:37 EDTURIAppaloosa gives quarterly update on stakes, takes stake in Apple
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10:02 EDTETNOn The Fly: Analyst Downgrade Summary
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06:34 EDTETNEaton downgraded to Neutral from Overweight at Atlantic Equities
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