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Stock Market & Financial Investment News

News For UTX;CAT;QCOM From The Last 14 Days
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January 28, 2015
08:32 EDTCATCaterpillar earnings power could bottom in 2H15, says Stifel
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07:59 EDTCATCaterpillar price target lowered to $84 from $100 at RBC Capital
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06:38 EDTCATCaterpillar downgraded to Neutral from Buy at Longbow
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06:06 EDTCATCaterpillar downgraded to Underweight from Neutral at Atlantic Equities
05:58 EDTQCOMIntel cooperates with Spreadtrum, Rockchip to enter China market, DigiTimes says
Intel (INTC) has cooperated with and Rockchip Electronics to rpomote its platforms in the China market, reports DigiTimes. According to Taiwan-based supply chain makers, the move is to compete with Qualcomm (QCOM) and Mediatek for smartphone and tablet use chip solutions. Intel is set to ship 44M tablet processors in 2015. Reference Link
05:54 EDTCATCaterpillar upgraded to Neutral from Underweight at JPMorgan
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January 27, 2015
16:31 EDTCATOn The Fly: Closing Wrap
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12:45 EDTQCOMQualcomm January weekly volatility elevated into Q1 and outlook
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12:28 EDTCAT, UTXOn The Fly: Midday Wrap
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12:22 EDTCATCaterpillar sinks after guidance cut, drags down machinery peers
Shares of Caterpillar (CAT) are falling after the company reported lower than expected profit and reduced its full-year guidance to well below analysts' consensus outlook. WHAT'S NEW: Caterpillar reported fourth quarter earnings per share, excluding certain items, of $1.35, versus analysts' consensus outlook of $1.55. The company's Q4 revenue came in slightly above expectations. However, Caterpillar provided fiscal 2015 EPS guidance, excluding certain items, of about $4.75, versus the consensus outlook of $6.67, and its revenue outlook was about $50B, compared with analysts' consensus estimate of $55B. In October, Caterpillar had provided a "preliminary outlook" for 2015 of no change to a slight increase in its revenue, versus 2014 levels. In 2014 the company reported revenue of $55.18B. Caterpillar blamed its disappointing guidance on weak commodity prices that are negatively impacting its Energy & Transportation business, as well as its mining equipment unit. Caterpillar also lowered its expectations for construction equipment sales in China, noting that while its market position in China has improved, 2015 expectations for the construction industry in China are now lower. ANALYST REACTION: In a note to investors, Wells Fargo wrote that Caterpillar's results are a bad sign for other machinery makers, including Cummins (CMI), Deere (DE), and Terex (TEX). The firm kept a Market Perform rating on Caterpillar. PRICE ACTION: in early afternoon trading, Caterpillar fell 7.5% to $79.61, Cummins dropped 4.6% to $141, Deere declined 3% to $85.76, and Terex fell 4.4% to $22.50.
11:31 EDTCATCaterpillar sees construction spending outside of U.S. to be weak in 2015
Sees construction spending in the U.S. in 2015 positive but lower than prior expectations due to oil decline.
11:23 EDTCATCaterpillar sees restructuring costs in 2015 lower than 2014
The company sees R&D costs increasing in 2015. Cost absorption from lower inventory will also be a headwind. Sees mixed impact from sales on operating margin.
11:21 EDTCATCaterpillar says oil decline to impact producer's CapEx
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10:27 EDTCATCaterpillar shares defended at Barclays
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09:17 EDTUTX, CATOn The Fly: Pre-market Movers
HIGHER: Silicon Image (SIMG), up 23% after signing agreement to be acquired by Lattice Semiconductor (LSCC)... USA Technologies (USAT), up 5% following nationwide roll-out of new Apple Pay points... TE Connectivity (TEL), up 3.9% following a Wall Street Journal report that the company is close to a deal with Commscope (COMM)... Select Comfort (SCSS), up 1% after being upgraded to Buy from Hold at Stifel. DOWN AFTER EARNINGS: Microsoft (MSFT), down 8.2%... Caterpillar (CAT), down 7.8%... Packaging Corp (PKG), down 8.3%... Peabody Energy (BTU), down 5.3%... Freeport-McMoRan (FCX), down 5.7%... Polaris Industries (PII), down 2.1%... United Technologies (UTX), down 2.3%... Procter & Gamble (PG), down 2.6%.
08:58 EDTCATCaterpillar guidance to be negative for shares, says Wells Fargo
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07:58 EDTCATFutures weaken after Caterpillar issues lower than expected outlook
Stock index futures have been in negative ground all morning, but have weakened further after disappointing guidance from a number of big names, including Procter & Gamble (PG), DuPont (DD) and Caterpillar (CAT). Before the bell, a report on durable goods orders for December is due at 8:30. After the open, investors will receive reports on the U.S. services sector and consumer confidence for January as well as data on new home sales in December. Near 7:45 am ET, Dow futures were 186 points below fair value, S&P 500 futures were down 12 points from fair value and Nasdaq futures were 37 points under fair value.
07:46 EDTCATCaterpillar Financial reports Q4 revenue down 1% to $703M
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07:39 EDTCATCaterpillar cites dramatic decline in oil for lower outlook
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07:35 EDTCATCaterpillar drops 5% after FY15 outlook misses expectations
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