The Goldman Sachs Downgrade of Caterpillar May Actually Be Good News
Caterpillar has lost one of its long-time bullish supporters. Goldman Sachs downgraded the heavy equipment giant and lowered its target price by almost 20%.
Caterpillar has lost one of its long-time bullish supporters. Goldman Sachs downgraded the heavy equipment giant and lowered its target price by almost 20%.
The top analyst upgrades, downgrades and initiations seen on Thursday included Apple, Caterpillar, CenturyLink, Chesapeake Energy, Ciena, Corning, Dollar General, GreenSky, Hertz, Inogen, Lyft, Roku and 3D Systems.
24/7 Wall St. has taken a look at the defensive stocks that are holding up fine on a day that the Dow Jones industrials and the S&P 500 were down handily.
When economies struggle, the classic textbook move to stabilize and help a recovery is for a nation's central bank to cut interest rates. Three more central banks now have lowered their rates.
The top analyst upgrades, downgrades and initiations seen on Wednesday included Arconic, Boston Beer, Dunkin' Brands, DuPont, GreenSky, International Flavors & Fragrances, Merck and Walt Disney.
Oil continues to be a drag on the markets. The Federal Reserve has been disappointed that inflation hasn’t been performing up to its target, and one such muting tool against inflation is stubbornly low…
A new wave of analyst downgrades put added pressure on coal stocks on Tuesday. The firm has concerns about China under trade tensions and an expected construction slowdown in homebuilding activities.
Insulet shares surged after it reported earnings. The company's Omnipod insulin management system saw stellar growth in sales.
After last week’s unemployment and payrolls report for July, the U.S. Department of Labor has released its monthly Job Openings and Labor Turnover Survey. The report is for June, as it comes with a…
3M has had a slate of challenges for the past year and a half. After everything was chugging along to perfection in 2017, then 2018 and 2019 were rather difficult for 3M, when the…
The top analyst upgrades, downgrades and initiations on Tuesday included Anheuser-Busch, Arch Coal, BHP, Cars.com, Cigna, FireEye, Ford, 3M, Northrop Grumman, Take-Two Interactive Software and T-Mobile.
Semiconductor sales remain under great pressure in 2019. The news looks dismal by the numbers, but this may have a silver lining for 2020.
While the latest fallout after the trade war salvos seems to have priced in close to half of an additional interest rate cut from the U.S. Federal Reserve, it's time to wonder what will…
An $8 million purchase of Ford's common stock was just made by William Clay Ford Jr. The move might not negate the last poor earnings announcement and guidance, but it may signal at least…
With China devaluing the yuan and halting purchases of U.S. agricultural products in response to President Trump's additional tariffs last week, gold and gold miners are having their day.
24/7 Wall St. has tracked the action and reaction seen in many luxury brands on Monday. The drop has been unilateral, and that has been confirmed by luxury stocks selling off in Europe as…
Shares of the so-called gun stocks have reacted to the news of two mass shootings over the weekend, even if they look muted compared with prior reactions to mass shootings.
There are not all that many trade war references from the modern era to refer to when it comes to what is happening between the United States and China.
The top analyst upgrades, downgrades and initiations on Monday included Alibaba, Baidu, Blackstone, Comerica, Dollar Tree, IBM, KKR, Target, Whiting Petroleum and Williams Companies.
The top analyst upgrades, downgrades and initiations seen on Thursday included Allstate, Corning, DexCom, Lam Research, On Deck, Qualcomm, Spotify, Western Digital and Whiting Petroleum.