All Posts Tagged With: "CAT"
(CAT) Caterpillar Receives Approval for ERA Mining Machinery Limited Buy
Caterpillar Inc. (CAT) has received a go-ahead from the Ministry of Commerce of the People’s Republic of China (“MOFCOM”) for the acquisition of China-based underground coal mining equipment manufacturer...
(CNI) Canadian National Railway Buys Locomotives
After announcing plans for initiating new intermodal services connecting British Columbia and Alberta, Canadian National Railway (CNI) is about to carry out another infrastructural development. The company...
(CAT) Caterpillar Buys Japanese Distributor
In yet another effort to enhance its business in Japan, Caterpillar Inc. (CAT) announced that Caterpillar Japan Ltd. has acquired Caterpillar Tohoku Ltd. Caterpillar Tohuku’s 400 employees and its three...
(DE) Deere & Company Raises Dividend
Deere & Company (DE) has upped its quarterly dividend by 5 cents to 46 cents. This marks the tenth consecutive year of the company’s dividend hike. The increased dividend will be payable on May 1, 2012...
(TEX) Terex Tops Estimates
Terex Corp. (TEX) reported fourth quarter adjusted EPS of 26 cents, versus 20 cents in the year-ago quarter. The EPS was a penny ahead of the Zacks Consensus Estimate.
Excluding the special items in...
(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...
(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...
(AA) Stock Market News for January 26, 2012 – Market News
Markets recouped initial losses of and made a strong comeback after the Federal Reserve provided assurances that it would keep interest rates near zero until late 2014.The Dow hit its highest levels since May last year, while a robust earnings report from Apple propelled Nasdaq...
(ABT) Earnings Season in Full Swing – Earnings Preview
Earnings Preview 1/20/12
Earnings season will be in full swing this week. 422 firms are scheduled to report, and 117 of those will be members of the S&P 500. By the end of the week we should have...
(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...
(BAC) Stock Market News for January 4, 2012 – Market News
The first trading day of the year witnessed a positive trend in the US markets, backed by encouraging news from the global arena and positive domestic economic reports. Major indices gained during the trading day helped by an optimistic mood that prevailed among investors.
The...
(BAC) Stock Market News for December 15, 2011 – Market News
Spooked by European financial concerns and a sharp decline in commodity prices, benchmarks ended in negative territory for the third-straight day. Borrowing costs recorded euro-era highs and domestic economic data was not strong enough to negate lingering concerns.
The...
(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...
(XRT) Stock Market News for December 14, 2011 – Market News
Markets eroded initial gains on Tuesday after it emerged that the Federal Reserve had no new gifts to offer to the economy. The central bank also cautioned that the global financial scenario poses a serious threat for the domestic economy. Additionally, with the pre-holiday...
(IBM) Is the Time Ripe to Buy Stocks?
It is said that opportunities are never lost — someone else will catch the one you miss. And the saying remains true to the equity market. No one wants to miss a good opportunity to make exceptional profits from stock markets.
So, is this the time to take the...
(DE) Deere & Company Earnings Preview
Deere & Company (DE) is scheduled to announce its fourth quarter and fiscal 2011 results on November 23, 2011. The current Zacks Consensus Estimate is $1.44 for the fourth quarter and $6.44 for fiscal 2011,...
(CAT) Caterpillar’s Sales Growth Dips
Caterpillar Inc. (CAT) recently reported sales statistics for the three months ending October 31, with machine sales increasing 31% on a year-over-year basis and engine sales rising 13% across the globe.
The...
(AEP) U.S. Industrial Production Rises
Total Industrial Production rose by 0.7% in October, much better than the 0.4% rise that was expected. However, September was revised down to a decline of 0.1% from being up 0.2%.
The Industrial production numbers are often distorted by Utility Output, which is often...
(BRKB) International Energy Agency Offers Sobering Outlook
Not all the important news is centered on Greece and Italy. The International Energy Agency, or IEA, this week released its World Energy Outlook. The IEA is not some wild-eyed “peak oil/global warming” fringe group. They are about as mainstream and staid a group...
(AIG) American International Group Loss Soars on Weak Dynamics
American International Group Inc. (AIG) reported third quarter operating loss per share of $1.60, which came in way higher than the Zacks Consensus Estimate of a loss of 8 cents and 84 cents reported in the...
(PRE) PartnerRe Analyst Maintains Neutral Rating
We have reiterated our Neutral recommendation on PartnerRe Ltd. (PRE) based on the recent catastrophe (CAT) losses that have severely dampened the bottom line, partially offset by a risk-free balance sheet...
(BA) U.S. Durable Goods Orders Flat in August
New Orders for Durable Goods dipped a slight 0.1% in August. That was slightly below the consensus expectations of an increase of 0.1%. The July numbers were revised slightly upwards. It was first reported as an increase of 4.0%, but now they say new orders rose 4.1%.
Given...
(AA) Stock Market News for September 29, 2011 – Market News
Benchmarks snapped their three-day winning streak as investors grew anxious about Europe’s lingering debt crisis that is now threatening the global economy. Commodity shares dragged down indices as energy and raw materials lost their sheen after a steep drop in their prices.
The...
(AA) Stock Market News for September 23, 2011 – Market News
A heavy sell-off in the markets on Thursday triggered by policymakers’ failure to combat global recessionary fears battered the benchmarks to their heaviest single-day fall in five weeks. While the fear-gauge soared 12% and the sell-off entered into its fourth-straight day,...
(CAT) Caterpillar Redeems Debt
Caterpillar Inc. (CAT) has redeemed notes issued earlier by Caterpillar Financial Services, for a total amount of $22.622 million. The company decided to redeem 100% of the remaining amount by exercising the...
(HIG) Hartford Financial Services Group Records High Third Quarter CAT Loss
Yesterday, Hartford Financial Services Group Inc. (HIG) announced that the devastation caused by Hurricane Irene will lead to substantially high catastrophe (CAT) losses in the third quarter...
(XLI) Stock Market News for September 14, 2011 – Market News
Markets registered their first back-to-back gains this month, as industrial and material stocks helped push the benchmarks higher. The trading session was significantly calm compared to the high levels of volatility that the markets endured since early last month. For the...
(AA) Stock Market News for September 12, 2011 – Market News
On Friday fears of Greece defaulting on its debt and a top German official’s resignation from the European Central Bank heightened concerns about the economic situation, which subsequently rattled the US markets. Concerns from Europe overshadowed President Barack Obama’s...
(ADP) Stock Market News for September 2, 2011 – Market News
Investors remained cautious ahead of crucial employment data and chose not to bet big bucks, while mixed economic reports and a plunge in banking stocks pushed the markets into the red for the first time in four days.
The Dow Jones Industrial Average (DJIA) inched down...
(ADP) Stock Market News for September 1, 2011 – Market News
Economic reports helped markets register modest gains on Wednesday, which was also the last day of one of the wildest months the benchmarks have experienced in their history. However, the Dow and S&P 500 recorded their steepest monthly fall since May 2010, even as indices...