The three major US stock indexes opened modestly lower this morning as there was little news out of Europe and Asian markets closed mixed. Traders were waiting to hear more from Fed…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Wednesday. American Tower Corp. (NYSE: AMT): Cut to Neutral at Citigroup. Caterpillar Inc.…
Caterpillar Inc. (NYSE: CAT) has just done exactly what we expected with a dividend hike. We recently highlighted that it was one of only a few remaining DJIA stocks which will hike…
Jon C. Ogg The three major US stock indexes opened lower this morning, but only the DJIA remained negative until the afternoon. Economic news from Europe was mixed ahead of a G7 meeting related to…
Westport Innovations Inc. (NASDAQ: WPRT) is going to be a winner from the move that would generally be considered a goal of the Pickens Plan for an energy policy. The maker and…
Jon C. Ogg Annual meetings of Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX) will include questions about fracking. (Reuters) Ford (NYSE: F) will begin to buy out some of its pension funds. (Reuters) JP…
The appointment of former politicians to large public companies’ boards is regularly called into question. Just recently, following the scandal at Chesapeake Energy (NYSE: CHK) when CEO Aubrey McClendon made investments in…
Joy Global, Inc. (NYSE: JOY) is getting slapped very hard today on two different analyst calls. The drop is enough that you might think that Joy suffered from an earnings report that…
Jon C. Ogg Summer can often be an interesting time in the markets and so far the “Sell in May and go away!” them has worked. What has also taken place is that many of…
Until now, the evidence that manufacturing is moving back to the US from offshore — a process sometimes called ‘re-shoring’ — has been largely anecdotal. Manufacturing jobs have been growing according to…
Deere & Co. (NYSE: DE) reported fiscal second-quarter results this morning that topped estimates by a solid margin. The farm and construction equipment maker posted EPS of $2.61 on revenue of $10…
Caterpillar (NYSE: CAT) faces a relatively small strike at its Joliet, Ill., plant. The members of the International Association of Machinists and Aerospace Workers will walk out when their six-year contract expires. The strike…
China’s PMI rises to a 13-month high. (Reuters) BP (NYSE: BP) profits fall as it sells some assets to pay for the Gulf spill. (Reuters) New York state pension funds vote against…
Jon OggIt is that time of year again. It is time to ponder the theory of pricing in a summer slowdown, whether it actually happens or not. In short, is time to…
Markets are lifted by Fed comments that the economy is recovering and that it will keep rates low. (Reuters) Chrysler posts its best earnings since being partially taken over by Fiat. (Reuters)…
