Industrial Goods
(SWHC) How to Spot a Winning Stock
Peter Lynch once said, “Investing without research is like playing stud poker and never looking at the cards.”
If you’re wary of doing hard work – of getting your hands dirty doing some research – then I don’t think investing is for you.
It’s not a game. Or a gamble.
I...
(ETN) High Anxiety
When you see a bad deal in the stock market, there’s usually a way to take the other side of that trade and reap the rewards the other party gives up.
With the markets stumbling this year and fear running high, many investors are looking for a way to profit from the anxiety. After all, it’s...
(DOV) Dover to Spin off Businesses
Dover Corporation (DOV) has decided to spin-off certain part of its communication technologies businesses into a standalone, publicly traded company in order to concentrate on its core industrial business, focused around energy, fluids...
(HON) Honeywell International Turbochargers for Chevrolet
Diversified technology company Honeywell International Inc. (HON) recently announced that indigenous technology of its Turbo Technology division has been used to design and build the turbocharger for Chevrolet Cruze Clean Turbo Diesel,...
(BA) Boeing Offers More Cashflow to Shareholders
The Boeing Company (BA) has decided to return approximately 80% of cash from its free cash flow to its shareholders via dividends and share buybacks. This decision comes on the heels of the company’s expectation of lower research...
(PNR) Pentair Reaches 52-Week High
Shares of Pentair Ltd. (PNR) reached a new 52-week high of $58.59 on Tuesday, May 21, 2013. The new high was primarily driven by the company’s ability to consistently raise dividends and expected benefits from integration and standardization...
(NOC) Northrop Grumman Earns $113.7 Million DoD Contract
Northrop Grumman Corporation (NOC) numbered among the 20 recipients of contracts from the Department of Defense (DoD). The Northrop contract for $113.7 million calls for Full Rate Production of five E-2D Advanced Hawkeye Lot 2 airborne...
(ERJ) Embraer Clinches Potential $8.3 Billion Deal
Brazilian aircraft manufacturer Embraer S.A. (ERJ) clinched a major contract with the world’s largest regional airline group SkyWest Inc. (SKYW) to sell as many...
(RS) Reliance Steel & Aluminum Analyst Maintains Shares at Neutral
We are retaining our Neutral recommendation on Reliance Steel & Aluminum Co. (RS). While the company is seeing strength across automotive and energy markets, a still soft non-residential construction market and the weak pricing...
(CAT) Caterpillar’s April Sales Down 9%
Sales worries continue for Caterpillar Inc. (CAT) as worldwide sales of the construction and mining equipment behemoth declined 9% for the three months ending Apr 2013. This marked the fifth consecutive month of declining sales following...
(PH) Parker Hannifin Reaches 52-Week High
Shares of Parker-Hannifin Corp. (PH) reached a new 52-week high of $100.58 on Monday, May 20, 2013. The new high was primarily driven by the company’s ability to consistently raise dividends and supported by its strong balance sheet....
(RTN) Raytheon to Sign $2.1Billion Oman Deal
Raytheon Company (RTN) is set to clinch a $2.1 billion arms deal to sell Oman an air defense system during the U.S. Secretary of State John Kerry’s visit in the Gulf state this week.
Although the terms of the latest agreement...
(HON) Honeywell Powers Honda Amaze
Diversified technology company Honeywell International Inc. (HON) recently announced that indigenous technology of its Turbo Technology division has been used to design and build the turbocharger for Honda Amaze, a compact sedan from...
(NOC) Northrop Grumman Boosts Share Repurchase
The board of directors of Northrop Grumman Corporation (NOC) has given approval to repurchase the company’s common stock worth $4 billion. This is the additional share buyback limit over the existing level of $1 billion. With...
(PCP) Forbes Energy Services Reports Loss Yet Again
Forbes Energy Services Ltd. (FES), an oilfield services contractor, reported sequentially improved results for the first quarter of 2013, with a loss per share of 13 cents, narrower than the Zacks Consensus Estimate of a loss of 17...
(HW) Headwaters Enters Technology Alliance With Axens
Headwaters Incorporated (HW) declared that its unit, HTI, has entered into a technology alliance with Axens, a leading provider of technologies, catalysts and services for oil refineries. The companies will share their technologies...
(VAL) Valspar Neutral Rating Reaffirmed by Analysts
We have reaffirmed our Neutral recommendation on paints and coatings maker Valspar Corp. (VAL) following its mixed second-quarter fiscal 2013 results. While we are encouraged by the recovery in its paint business, an uncertain demand...
(GLDD) Great Lakes Dredge & Dock Corporation Wins Miami Harbor Project
Great Lakes Dredge & Dock Corporation (GLDD) announced that it has been awarded a $122 million contract for deepening of the Miami Harbor by the U.S. Army Corps of Engineers. With further options of contract expected to be awarded...
(FLR) Fluor Gets Qatar’s Public Works’ Authority Contract
Recently, Fluor Corporation (FLR) received a contract from Qatar’s Public Works’ Authority for program management and construction supervision services for the Sharq Crossing. The contract is valued at $185 million and will be...
(ABB) ABB Limited – Long-Term Contract with China’s LNG Shipping
Recently, ABB Ltd. (ABB) entered into a long-term Preventive Service agreement with China LNG Shipping International Co. Ltd. As per the terms of the agreement, ABB will provide maintenance services to all ABB equipment that are on...
(CAT) Caterpillar Resolves ERA Aquisition Issues
Caterpillar Inc. (CAT) announced the resolution of its outstanding issues with Mining Machinery Limited regarding Caterpillar’s acquisition of ERA, including its wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical...
(DHI) D.R. Horton Upped to Outperform
On May 15, we upgraded our recommendation on D.R. Horton Inc. (DHI) from Neutral to Outperform following solid results in the second quarter of fiscal 2013.D.R. Horton now carries a Zacks Rank #1 (Strong Buy).
Why the...
(TDG) TransDigm Group to Acquire Arkwin
TransDigm Group Inc. (TDG) recently signed a definitive agreement to acquire Arkwin Industries, Inc. The deal is an all cash transaction and is valued at approximately $286 million.
The acquisition is a strategic move by TransDigm...
(LLL) L-3 Communications and ViaSat Sign Communications Contract
A business arm of L-3 Communications (LLL), Platform Integration Division, announced that it has signed a memorandum of agreement with ViaSat Inc. (VSAT) to offer...
(LMT) Lockheed Martin Earns Neutral Rating From Analyst
We maintained our long-term Neutral recommendation on aerospace and defense major Lockheed Martin Corporation (LMT) on May 10, 2013. The company’s first quarter 2013 results and its leveraged presence in the Army, Air Force, Navy...
(TDG) TransDigm Group Hits All-Time High
TransDigm Group Incorporated (TDG) hit an all-time high of $155.97 on May 15, 2013. Total shares traded on that date were 556,683, more than double the average volume of shares traded over the last three months aggregating 273,703....
(CAT) Caterpillar to Underperform
We have maintained our underperform recommendation on Caterpillar Inc. (CAT), leading manufacturer of construction and mining equipment, given its lackluster first quarter results, trimmed outlook for 2013, weak demand for its mining...
(NOC) Northrop Grumman Stays Neutral
We have maintained our Neutral recommendation on Northrop Grumman Corporation (NOC) on May 22, 2013 on the back of its improved performance and lower share count that led to a top and bottom line beat in the first quarter. However,...
(X) U.S. Steel Dropped to Underperform
On May 8, we downgraded U.S. Steel (X) to Underperform factoring in the oversupply in the steel industry, pricing pressure, a still depressed construction market and the challenges faced by the company’s flat-rolled business.
Why...
(LMT) Lockheed Martin Wins Four in a Row
Lockheed Martin Corp. (LMT) turned out to be the major beneficiary of the 20 contracts, worth $717.7 million, handed out by the Department of Defense (DoD) very recently. Indeed the company secured four contracts that comprised nearly...