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Stocks to Watch for Thursday 7/28/2011: Fresh 52 Week Highs and Lows
Thursday, July 28, 2011 - 1:37am | 3403Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and entry/exit points become more clearly defined. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to...
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Wednesday's S&P 500 Sector Recap: Hottest and Coldest Sectors
Wednesday, July 27, 2011 - 4:36pm | 1734The S&P 500 (SPX) took a major hit in Wednesday's trading session, finishing down 27.05 points, or 2.03%, from Tuesday's close to 1304.89. The selling began just after the opening bell, and the index extended its losses throughout the session, closing near the low of the day (1303.49), as...
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A Peek Into The Market Before The Trading Starts
Monday, July 25, 2011 - 6:23am | 390Pre-open movers US stock futures are lower this morning, as the nation's debt ceiling talks failed to progress. Futures for the Dow Jones Industrial Average dipped 95 points to 12,526.00 and S&P 500 index futures fell 9.80 points to 1,330.20. Nasdaq 100 futures dropped 14.75 points to 2,413.25...
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SORL Announces Supply Agreement With Zoomlion
Monday, July 25, 2011 - 6:02am | 209SORL Auto Parts, Inc. (NASDAQ: SORL) today announced that the Company has entered into a supply agreement with a new customer, Changsha Zoomlion Heavy Industry Science & Technology Development Co., Ltd., China's leading manufacturer of construction machinery equipment. SORL will supply braking...
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Earnings Preview: Cummins EPS, Revenue Expected to Rise from Previous Quarter
Thursday, July 21, 2011 - 12:12pm | 588Cummins (NYSE: CMI) unveils its next round of earnings on Tuesday, July 26, 2011. Here's Benzinga's essential guide to Cummins' second quarter earnings report. Earnings and Revenue: Analysts are predicting a positive EPS reading of $2.01 per share and revenues of $4.22 billion. Investors will be...
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JP Morgan Lowers JCI PT To $44
Thursday, July 21, 2011 - 7:20am | 68JP Morgan has issued a report lowering the Price Target on Johnson Controls (NYSE: JCI) from $46 to $44 a share. According to the report, "While JCI's quarter was a beat, we sensed a greater degree of management concern than we'd previously noticed about Building Efficiency division pricing and...
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Morgan Stanley Reiterates Overweight on Johnson Controls
Thursday, July 21, 2011 - 6:48am | 121Morgan Stanley is out with its report today on Johnson Controls (NYSE: JCI), reiterating Overweight. In a note to clients, Morgan Stanley writes, "JCI remains our top supplier pick and one of the most powerful secular stories in the group. The strong revenue beat in 3Q and 4Q guidance reinforces...
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JP Morgan Lowers PT On Johnson Controls To $44
Thursday, July 21, 2011 - 6:19am | 27JP Morgan has lowered the price target on Johnson Controls (NYSE: JCI) from $46 to $44 and maintains its Overweight rating.
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Deutsche Bank Updates 7/21/11
Thursday, July 21, 2011 - 5:35am | 663Deutsche Bank made a number of updates in a research report published today. Tractor Supply Co. (NASDAQ: TSCO) had its rating reiterated at Buy. At the same time, its price target was raised from $70 to $80. Johnson Controls (NYSE: JCI) had its rating reiterated at Hold...
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Wunderlich Securities Reiterates Johnson Controls Buy, $45 PT
Wednesday, July 20, 2011 - 1:59pm | 86Wunderlich Securities reiterated its Johnson Controls (NYSE: JCI) Buy rating and $45 price target in a research report published today. In the report, Wunderlich Securities states, "This is one of the more stable green technology companies in our universe and, from the perspective of energy-saving...
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UPDATE: Johnson Controls Reports Upbeat Q3 Profit
Wednesday, July 20, 2011 - 7:58am | 104Johnson Controls Inc (NYSE: JCI) reported upbeat quarterly profit. Johnson Controls reported its Q3 net income at $357 million, or $0.52 per share, down from $418 million, or $0.61 per share, in the year-ago quarter. Excluding one-time items, JCI's earnings came in at $0.56 per share. Its sales...
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Drew Acquires Indiana-Based Manufacturer of RV Components and Mobile Office Chassis
Wednesday, July 20, 2011 - 7:05am | 228Drew Industries Incorporated (NYSE: DW) today reported that its wholly-owned subsidiary, Lippert Components, acquired certain assets and business of M-Tec Corporation. The acquired business has annual sales of approximately $12 million, primarily of components for RVs and mobile office units. The...
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US Stock Futures Up After Upbeat Earnings From Apple
Wednesday, July 20, 2011 - 5:22am | 552US stock futures are higher this morning, after strong earnings from Apple Inc (NASDAQ: AAPL). Futures on the Dow Jones Industrial Average surged 37 points to 12,544.00 and futures on the S&P 500 stock index rose 5.20 points to 1,326.40. Nasdaq 100 futures gained 19.25 points to 2,408.25. US...
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Earnings Scheduled For July 20
Wednesday, July 20, 2011 - 1:59am | 502Altria Group Inc (NYSE: MO) is expected to report its Q2 EPS at $0.53 on revenue of $4.43 billion. QUALCOMM Incorporated (NASDAQ: QCOM) is projected to report its Q3 EPS at $0.71 on revenue of $3.59 billion. eBay Inc (NASDAQ: EBAY)is projected to report its Q2 EPS at $0.46 on revenue of $2.61...
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GenDrive Sales Growth Allows Plug Power to Execute Purchase Order for Ballard Fuel Cell Stacks
Tuesday, July 19, 2011 - 2:07pm | 293Plug Power Inc. (Nasdaq: PLUG) today highlights its GenDrive® sales growth with material handling customers in North America. The build-out of Plug Power's manufacturing pipeline has made strategic supply chain initiatives a priority. Preparing the company to meet customer product delivery targets...