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Stock Market & Financial Investment News

News Breaks
April 10, 2012
10:35 EDTDE, AGU, CAT, POT, MTW, MOTFarm equipment stocks likely to have neutral reaction to WASDE, says Wells Fargo
Wells Fargo believes that agricultural equipment stocks are likely to have a neutral reaction to the April 2012 World Agricultural Supply and Demand Estimates report. Supply/demand balance expectations were mostly tightened and implied that U.S. farm cash receipts increased slightly, but these factors were somewhat offset by higher than expected corn stocks, Wells Fargo said. Meanwhile, the USDA made no changes to its U.S. corn outlook, the firm added.
News For POT;AGU;MOT;CAT;DE;MTW From The Last 14 Days
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September 4, 2015
16:21 EDTCATStocks end week lower with September rate hike still a focus of angst
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15:19 EDTCATCaterpillar will reward patient investors, Barron's reports
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10:00 EDTCATOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BP (BP) downgraded to Underperform from Neutral at BofA/Merrill... Cameron (CAM) downgraded to Equal Weight from Overweight at Barclays... Caterpillar (CAT) downgraded to Neutral from Outperform at Baird... Ciena (CIEN) downgraded to Hold from Buy at Deutsche Bank... Diana Shipping (DSX) downgraded to Sell from Neutral at UBS... EV Energy (EVEP) downgraded to Underperform from Market Perform at Raymond James... First Connecticut (FBNK) downgraded to Market Perform from Outperform at Keefe Bruyette... NetSuite (N) downgraded to Underperform from Market Perform at Raymond James... Sovran Self Storage (SSS) downgraded to Market Perform at Raymond James... UniCredit (UNCFF) downgraded to Neutral from Overweight at JPMorgan... Vince Holding (VNCE) downgraded to Underperform from Neutral at BofA/Merrill.
09:18 EDTCATOn The Fly: Pre-market Movers
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06:40 EDTCATBaird downgrades Caterpillar on less confidence in bookings rebound
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06:25 EDTCATCaterpillar downgraded to Neutral from Outperform at Baird
September 3, 2015
16:27 EDTCATOn The Fly: Top stock stories for Thursday
Stocks on Wall Street began the session in positive territory thanks in part to dovish comments from the ECB. The averages were helped as well by the fact that the Chinese stock market, the source of so much volatility recently, was closed. The lack of distraction allowed buyers to be empowered and to extend the market's gains from yesterday. By noon, the averages had pared their gains, with the Nasdaq eventually crossing into negative territory. The average drifted near the flatline from there, as investors positioned ahead of tomorrow's jobs report. ECONOMIC EVENTS: In the U.S., initial jobless claims rose to 282,000 in the week ended August 29, versus expectations for 275,000 first-time claims. The trade balance report showed a deficit of $41.86B for July, versus expectations for a deficit of $42.2B. Markit's services PMI rose to 56.1 for the final August print, versus July's 55.7 and the 55.2 preliminary August reading. ISM's non-manufacturing index dipped to 59.0 in August, but that topped expectations for a reading of 58.2. In Europe, the European Central Bank left its benchmark interest rate unchanged, as expected, and economists at the bank trimmed their eurozone growth projections for this year and through 2017. ECB president Mario Draghi said the bank needs to determine if the recent global volatility is transitory before it decides "whether to do more or not," but also emphasized the bank's "willingness to act, its readiness to act and its ability to act." In Asia, Chinese markets were closed today and will be closed tomorrow for a holiday. COMPANY NEWS: Shares of Joy Global (JOY) plummeted $3.24, or 14.64%, to $18.89 following the company's report of lower than expected quarterly earnings and revenue. Joy's warnings about "one of the most challenging [end market environments] seen in decades" come as mining equipment makers like Caterpillar (CAT), Terex (TEX), and Joy grapple with low commodity prices leading to significantly reduced capital expenditures at mining firms. Shares of Dow member Caterpillar were the worst performer on the blue chip index, slipping 2.17% to $74.45 after Joy said ongoing challenges in commodity markets, along with slowing global economic growth, have "weighed on [its] customers' financial position and [its] incoming order rates." MAJOR MOVERS: Among the notable gainers was B&G Foods (BGS), which advanced $3.55, or 11.66%, to $34.00 after agreeing to purchase the Green Giant and Le Sueur vegetables brands from General Mills (GIS) for roughly $765M. Also higher was Pericom Semiconductor (PSEM), which gained $4.58, or 37.6%, to $16.76 after Diodes (DIOD) agreed to acquire the company for $17 per share. Shares of Diodes were also driven higher after the news, rising 11.8% to $21.89. Additionally, Methode Electronics (MEI) surged $5.43, or 19.82%, to $32.82 after releasing first quarter results and announcing a $100M share repurchase program. Among the noteworthy losers was World Acceptance (WRLD), which declined $2.21, or 5.95%, to $34.92 after Kase Capital's Whitney Tilson reiterated his belief that the stock is going to zero, as reported by ValueWalk. Also lower were Catalent (CTLT) and Five Below (FIVE), which dropped a respective 9.6% and 9.3% following their earnings reports. INDEXES: The Dow added 23.38, or 0.14%, to 16,374.76, the Nasdaq slid 16.48, or 0.35%, to 4,733.50, and the S&P 500 advanced 2.27, or 0.12%, to 1,951.13.
14:16 EDTCATJoy Global crashes after warning of continued sector pressure
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12:23 EDTCATOn The Fly: Top stock stories at midday
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September 1, 2015
17:05 EDTMTWManitowoc files Form 10 with SEC for separation plan
The Manitowoc announced the initial filing of a Form 10 Registration Statement with the SEC in connection with the Company's previously announced plan to separate its Cranes and Foodservice businesses. Manitowoc anticipates effecting the separation through a tax-free spin-off of the Foodservice business, which the Company expects to be completed in the Q1 of FY16. The separation remains subject to the approval of the Manitowoc Board of Directors and the satisfaction of certain other customary conditions, including the effectiveness of the Form 10 Registration Statement.
August 31, 2015
16:12 EDTDEUBS to hold a conference
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16:09 EDTCAT, DELongbow to hold a conference
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August 27, 2015
13:46 EDTCATCaterpillar planst to lay off 475 more employees, Reuters reports
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August 25, 2015
10:27 EDTDEDeere,UAW begin negotiations on labor agreement
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August 24, 2015
09:26 EDTCATCaterpillar set to open near 4-year lows
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August 23, 2015
19:18 EDTDEAGCO CEO sees machinery demand returning in 2016, FT says
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