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Stock Market & Financial Investment News

News Breaks
March 21, 2013
05:57 EDTDDAIF, CMI, NAV, PCAR, RUSHAU.S. heavy truck sales face new efficiencies, WSJ reports
The country's need for 18-wheeler trucks is shrinking, undercutting demand for the big rigs that take to the nation's highways, reports the Wall Street Journal. Heavy truck sales, while rising modestly in recent years, remain far off their 2006 peak as rising fuel, driver and equipment costs have led shippers to devise ways to operate more efficiently. Reference Link
News For RUSHA;NAV;DDAIF;PCAR;CMI 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 26, 2015
07:23 EDTCMIANSYS' software portfolio selected by Cummins
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07:21 EDTCMICummins signs agreement with ANSYS
ANSYS (ANSS) announced that Cummins (CMI) has signed a new agreement providing it with broad access to the ANSYS portfolio. This enterprise license agreement will enable Cummins to continue to solve some of the industry's most challenging multiphysics problems providing its customers with some of the most innovative products on the market. The multi-year agreement provides Cummins with enterprise-wide licenses to the ANSYS structures, fluids and high-frequency electromagnetics suites as well as access to high-performance computing solutions. Cummins will also receive enhanced support and services as well as unlimited classroom and online training. The new agreement complements the Cummins Analysis Led Design initiative, which emphasizes simulation early in the product design process, when it is more cost-efficient to make changes.
February 25, 2015
10:01 EDTDDAIFOn The Fly: Analyst Upgrade Summary
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07:20 EDTDDAIFVolkswagen CEO views Renschler, Diess as possible successors, Reuters reports
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07:17 EDTCMICummins management to meet with UBS
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05:58 EDTDDAIFDaimler AG upgraded to Outperform from Neutral at Credit Suisse
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February 20, 2015
12:53 EDTNAV, PCAR, CMICitigroup 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 EDTPCAR, CMITrucking 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 17, 2015
17:06 EDTNAVIcahn gives quarterly update on stakes, takes new stake in Manitowoc
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08:43 EDTDDAIFDaimler recalling 149,000 Mercedes in China and Germany, Reuters says
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