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Stock Market & Financial Investment News

News For CAT From The Last 14 Days
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October 24, 2014
16:54 EDTCATMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
October 23, 2014
16:49 EDTCATOn The Fly: Closing Wrap
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12:33 EDTCATAnalyst sees Caterpillar post-earnings rally not lasting long
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12:20 EDTCATOn The Fly: Midday Wrap
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11:26 EDTCATCaterpillar sees profitability a little lower in Q4
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11:08 EDTCATCaterpillar says cost management contributed to results
Says currency impacts were positive. Comments made on Q3 earnings call.
09:27 EDTCATCaterpillar rally on Q3 results may not last long, says Wells Fargo
Wells Fargo says that while Caterpillar's Q3 performance was much stronger than expected, it may not be sustainable with Q4 implied earnings guidance of $1.49, below the consensus of $1.61, and a 2015 flat revenue outlook. Wells thinks the positive share reaction may not last long and keeps a Market Perform rating on Caterpillar.
09:04 EDTCATOn The Fly: Pre-market Movers
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07:44 EDTCATCaterpillar reports Q3 revenue $743M
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07:42 EDTCATCaterpillar expects FY15 revenue won't be significantly different than 2014
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07:41 EDTCATCaterpillar expects world economic growth to improve in 2015
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07:41 EDTCATCaterpillar raises FY14 EPS $6.50 from $6.20, consensus $6.26
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07:38 EDTCATCaterpillar 'pleased' with Q3 profit despite slow world economic growth
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07:38 EDTCATCaterpillar reports Q3 EPS excl. restructuring costs $1.72, consensus $1.36
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October 22, 2014
15:37 EDTCATNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.
15:26 EDTCATCaterpillar October weekly 95 straddle priced for 3.6% move into Q3
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14:36 EDTCATCaterpillar technical notes before earnings
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12:25 EDTCATEarnings Preview: Caterpillar sees Q3 as weakest profit quarter of year
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10:37 EDTCATCaterpillar reports retail machines sales down 10% in three months end September
Caterpillar reported earlier its total retail machines sales down 10% on a three month rolling basis in September. Sales were also down 10% in the period ending in August and were down 9% in the period ending in July. The company reported world Resources Industries sales down 28% in the September period, which was improved from the 33% drop in the August end period. Construction Industries world sales were down 3%, worse than the 1% drop in the August period. Caterpillar retail sales of machines by geographic region for the 3-month rolling period ended September were reported in a regulatory filing earlier.
07:05 EDTCATCaterpillar volatility elevated into Q3 and outlook
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