Industrial Goods
(CAT) Caterpillar Exceeds Forecasts on Record Sales
Caterpillar Inc. (CAT) posted an impressive 53% increase in profit to $2.25 per share in the fourth quarter of 2011 from $1.47 per share in the same quarter of 2010, excluding the impact of acquisition of Bucyrus International, Inc. The profit far exceeded the Zacks Consensus...
30Jan2012 | vitalstocks | 0 comments | Continued(RTN) Raytheon Profits Up – Sales Slip
Raytheon Company (RTN) reported fourth quarter and fiscal 2011 results. The company reported fourth-quarter adjusted earnings of $1.74 per share, beating the Zacks Consensus Estimate by 40 cents. Results were also higher than the year-ago quarterly earnings of $1.55 per share....
30Jan2012 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Posts Mixed Numbers
World’s largest stand-alone defense contractor, Lockheed Martin Corporation (LMT) exited fiscal 2011 with mixed fortunes. The company posted fourth-quarter 2011 operating earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.94. However, this was lower than...
30Jan2012 | vitalstocks | 0 comments | Continued(CAT) Good News Starts with Caterpillar
The deluge of this morning’s favorable economic and earnings reports should help stocks sustain Wednesday’s Fed-inspired gains. We got positive weekly Initial Jobless Claims numbers and a better-than-expected Durable Goods Orders reading. On the earnings front, Caterpillar’s...
30Jan2012 | vitalstocks | 0 comments | Continued(LMT) Aerospace & Defense Stock Overview – January 2012 – Zacks Analyst Interviews
The growth of the Aerospace and Defense industry depends largely on the spending outlook of government departments, with the U.S. defense budget being the primary driver. The U.S. is the world’s largest aerospace and defense market, and also home to the world’s largest military...
29Jan2012 | vitalstocks | 0 comments | Continued(HON) Honeywell International Beats as Sales Rise
Honeywell International Inc.’s (HON) reported fourth-quarter 2011 earnings results before the market opened today. Pro forma earnings per share were $1.05 in the reported quarter, above the Zacks Consensus Estimate of $1.04. Mark-to-market pension expense in the quarter was...
27Jan2012 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Incorporated – Bull of the Day
Caterpillar, Inc. (CAT) posted an impressive third quarter with record EPS of $1.93 and sales of $14.6 billion driven by increased machine demand and continued economic growth. Results were ahead of Zacks Consensus Estimates. With the Bucyrus acquisition, the company is positioned...
24Jan2012 | vitalstocks | 0 comments | Continued(HON) Honeywell International Providing Technology for Samsung
Honeywell International Inc.’s (HON) group company, UOP LLC, will be providing technologies for the production of key petrochemicals and high-quality diesel and jet fuel at Samsung Total Petrochemicals Co. Ltd.’s complex in Daesan, South Korea. Samsung Total Petrochemicals...
21Jan2012 | vitalstocks | 0 comments | Continued(COL) Company News for January 20, 2012 – Corporate Summary
• Online company eBay Inc’s (NASDAQ:EBAY) share prices rose 3.86%, after the company topped its fourth-quarter estimates, primarily due to heavy usage of its electronic payments site PayPal • Share prices of car parts maker Johnson Controls (NYSE:JCI) dropped...
20Jan2012 | vitalstocks | 0 comments | Continued(RTN) Raytheon in Patriot Upgrade Deal
Raytheon Company (RTN) has received a $51.3 million contract from the U.S. Army Aviation and Missile Command (“AMCOM”) to upgrade and configure the Patriot Advanced Capability-2 missiles into the Guidance Enhanced Missile-Tactical (GEM-T) pattern. Patriot is a long-range,...
19Jan2012 | vitalstocks | 0 comments | Continued(BA) Boeing Picks B/E Aerospace for 737 Lavatory
The Boeing Company (BA) announced that it has chosen B/E Aerospace Inc. (BEAV) to become the exclusive manufacturer of modular lavatory systems for Boeing’s 737 Next-Generation family of airplanes. The estimated value of the award is in excess of $800 million, exclusive...
19Jan2012 | vitalstocks | 0 comments | Continued(FAST) Fastenal Company – Bull of the Day
Fastenal Company (FAST) has been eyeing profitable government projects in order to strengthen its position in local markets. Moreover, the company has undertaken several steps that will simultaneously upgrade its services and reduce costs. Its hub and spoke model and aggressive...
16Jan2012 | vitalstocks | 0 comments | Continued(BZH) Stock Market News for December 30, 2011 – Market News
Better housing data and a drop in four-week moving average of initial claims joined hands to guide the benchmarks higher yesterday, providing investors another hope that S&P 500 might just end 2011 on a positive note. With yesterday’s gains, the Dow washed out the losses...
3Jan2012 | vitalstocks | 0 comments | Continued(AGCO) AGCO Corporation – Bull of the Day
Driven by strong global demand for agricultural equipment, AGCO Corporation (AGCO) reported third quarter EPS of $0.87 versus $0.66 in the year-earlier quarter, surpassing the Zacks Consensus Estimate of $0.75. For fiscal 2011, AGCO expects EPS of $4.30. Global industry sales...
30Dec2011 | vitalstocks | 0 comments | Continued(HON) Honeywell International – Bull of the Day
We upgraded our rating from Neutral to Outperform on Honeywell International (HON) with a target price of $62.00. The company delivered impressive third-quarter 2011 results as its performance gained momentum in all business segments. The robust third-quarter performance and...
20Dec2011 | vitalstocks | 0 comments | Continued(LLL) L-3 Communications Holdings to Acquire Danaher Unit
L-3 Communications Holdings Inc. (LLL) announced that it would acquire the Kollmorgen Electro-Optical unit of Danaher Corporation (DHR) for $210 million. Kollmorgen Electro-Optical, or KEO, develops and manufactures specialized equipment, including submarine photonics systems...
15Dec2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Grows Indian Connection
Caterpillar Inc. (CAT) is planning to invest $212 million in India to meet the increasing demand for its products due to road construction and overall infrastructure boom in the country. The plan includes building a new $150 million engine manufacturing facility in India that...
14Dec2011 | vitalstocks | 0 comments | Continued(RTN) Raytheon Company Gets Nod for Missile Upgrade
Raytheon Company (RTN) has received consent from the U.S. Congressional and State Department for upgrading the Patriot Air and Missile Defense System for the Kingdom of Saudi Arabia to the latest Configuration-3. In June this year, the company had received a Direct Commercial...
14Dec2011 | vitalstocks | 0 comments | Continued(RPM) U.S. Airline Traffic Slows in November
The airline industry needs to figure out ways to counter rising fuel expenses, which is estimated at $178 billion for this year and $198 billion for the next. Fuel will account for 30% of industry costs compared with 13% a decade ago. Despite higher ticket prices and improved...
14Dec2011 | vitalstocks | 0 comments | Continued(BA) Boeing Announces It Has Finalized Agreement With Air Lease Corporation
The Boeing Company (BA) announced that it has finalized an agreement with Air Lease Corporation (AL) for supplying four 787-9 Dreamliners. Air Lease also exercised an existing option for procurement of four Next-Generation 737-800s. Overall, the order value came at above $1.2...
12Dec2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Secures Fire Control System Contract for AH-1Z
Largest defense contractor, Lockheed Martin Corporation (LMT) has received two contracts worth $30.6 million to provide a fire control system known as the Target Sight System (“TSS”) for AH-1Z Cobra attack helicopter. The contract calls for Lockheed to provide spare units...
12Dec2011 | vitalstocks | 0 comments | Continued(BA) Commercial Aerospace – Upside Story
The tide for commercial aerospace appears to have turned, as the global economy continues to recover. Both airline traffic and new aircraft orders have significantly recovered from their recession lows. Therefore, the stocks dealing with aerospace and defense products should...
8Dec2011 | vitalstocks | 0 comments | Continued(HON) Honeywell International to Build Fertilizer Facility
Honeywell International Inc. (HON) entered into an agreement with the world’s largest privately held food and agribusiness company, J.R. Simplot Company, to construct a facility for the production of Honeywell’s Sulf-N 26, a very efficient fertilizer. All the agronomic...
6Dec2011 | vitalstocks | 0 comments | Continued(RTN) Raytheon to Make Miniature Decoys
Raytheon Company (RTN) received authorization from the U.S. Air Force to begin Low Rate Initial Production (“LRIP”) of its Miniature Air Launched Decoy Jammer (“MALD-J”) variant. Concurrently, the Air Force also exercised a contract option and Raytheon received a $5 million...
1Dec2011 | vitalstocks | 0 comments | Continued(TDG) TransDigm Group Shares Rated Neutral
We recently maintained a Neutral recommendation on TransDigm Group Inc. (TDG). Based in Cleveland, Ohio, TransDigm Group Inc. is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft...
1Dec2011 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG Expands Gas Storage
Foster Wheeler Upstream, a division of Foster Wheeler AG’s (FWLT) Global Engineering and Construction Group, will be providing its project management support to the 35 billion-cubic-foot Ryckman Creek natural gas capacity storage facility. The contract has been received from...
30Nov2011 | vitalstocks | 0 comments | Continued(CMI) Cummins Analyst Downgrades Shares to Neutral
We have downgraded our recommendation on Cummins Inc. (CMI) to Neutral from Outperform. Headquartered in Columbus, Indiana, Cummins is a leading worldwide designer, manufacturer and distributor of diesel and natural gas engines, electric power generation systems, and engine-related...
30Nov2011 | vitalstocks | 0 comments | Continued(AGCO) AGCO Issues Debt to Fund GSI Holdings Buy
AGCO Corporation (AGCO) has priced an offering of $300 million of its 5.875% Senior Notes due 2021 to partly finance the acquisition of GSI Holdings Corp. The notes were priced at 100% of par value and the offering is expected to close on December 5, 2011, subject to customary...
30Nov2011 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Analyst Maintains Neutral Rating
We maintain our Neutral recommendation on Northrop Grumman Corporation (NOC), which is the third largest defense contractor behind The Boeing Company (BA) and Lockheed Martin Corporation (LMT) in the U.S. in terms of trailing twelve-month sales. Northrop’s fortunes are heavily...
28Nov2011 | vitalstocks | 0 comments | Continued(LLL) L-3 Communications Holdings Raises Funds
L-3 Communications Holdings Inc. (LLL) announced that L-3 Communications Corporation, its wholly owned subsidiary, has made an public offering of 3.95% Senior Notes worth $500 million due November 15, 2016. L-3 Communications’ intends to use the net proceeds from the offering...
28Nov2011 | vitalstocks | 0 comments | Continued