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Conditions Likely to Improve for Truck and Parts Makers

trucksGood news is coming in for the builders of heavy trucks, such as Paccar (PCAR), and for truck parts manufacturers, including Eaton (ETN). An aging national truck fleet, coupled with rebounding interstate freight volumes, signal that 2011 is shaping up to be a strong year for heavy trucks and the investors who play them.

A report from Bloomberg Businessweek reveals that manufacturing totals for heavy trucks could jump to as many as 235,000 units in North America for 2011. This compares to a total of approximately 150,000 units for 2010.

Continue reading Conditions Likely to Improve for Truck and Parts Makers

Analyst Calls: AVB, BCR, CREE, DAI, HRB, HSP, MDRX, NANO, NWL ...

Analyst Upgrades

  • Auriga upgraded Allscripts (MDRX) to buy from hold to reflect valuation and potential synergies from the company's pending merger with Eclipsys (ECLP). The firm upped its target price for shares to $20 from $19.
  • SunTrust upgraded Newell Rubbermaid (NWL) to buy from neutral based on completion of its turnaround plan, stabilizing end markets and favorable comparisons. The firm has a $25 price target on the stock.
  • Morgan Joseph upgraded C.R. Bard (BCR) to buy from hold based on valuation and upside to estimates from the share buyback program. The firm has a $97 price target on the stock.
  • Shire (SHPGY) was upgraded to buy from hold at Lazard Capital.
  • Onyx Pharma (ONXX) was upgraded to outperform from market perform at BMO Capital.
  • AvalonBay (AVB) was upgraded to neutral from sell at UBS.

Continue reading Analyst Calls: AVB, BCR, CREE, DAI, HRB, HSP, MDRX, NANO, NWL ...

Daimler Set to Develop Electric Cars for China

Daimler logoDaimler (DAI - option chain) shares rose Thursday after the company announced it has entered a deal with BYD Company Limited to develop electric cars in China. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on DAI.

DAI opened this morning at $48.44. So far today the stock has hit a low of $48.09 and a high of $49.45. As of 1:40, DAI is trading at $49.52 up 3.45 (7.5%). The chart for DAI looks neutral and S&P gives DAI a neutral 3 STARS (out of 5) hold ranking.

Continue reading Daimler Set to Develop Electric Cars for China

Before the Bell: Futures Dip Ahead of Bernanke Speech

U.S. stock futures dipped lower Wednesday morning ahead of a speech from Federal Reserve Chairman Ben Bernanke on economic challenges. Investors will also eye several financial results, as well as a Treasury auction in light of the recent focus on yields. Meanwhile, continuing and mounting concerns over Greece's and Europe's debt crisis weighed on markets.

On Tuesday, U.S. stocks finished mixed, with the Dow Jones Industrial Average remaining near 11,000. This was after minutes from the recent Fed policy meeting showed the phrasing "extended period" could mean vastly different periods depending on who's interpreting it.

Continue reading Before the Bell: Futures Dip Ahead of Bernanke Speech

Daimler Bails on Tata Motors

Back in the 1950s, Daimler AG (DAI) saw the big opportunities in India and formed a strategic relationship with Tata Motors (TTM), which included an investment. Over the years, the relationship did not get much traction. For example, the technology arrangement ended in the late 1960s and a distribution agreement stopped in the late 1990s.

So, now Daimler has unloaded its 5.34% position, which comes to roughly $428 million. In today's trading, the shares of Tata are down 4%.

Continue reading Daimler Bails on Tata Motors

Earnings Highlights: Campbell, Dell, Goodyear, JCPenney, Merck, Playboy ...

Here are some highlights from this past week's earnings coverage on BloggingStocks:

  • Abercrombie & Fitch Co. (ANF) lower Q4 earnings topped estimates and same-store sales also declined.
  • Campbell Soup Co. (CPB) reaffirmed its earnings outlook but lowered its revenue forecast for the full year.
  • Daimler AG (DAI) provided guidance for the year that included slashing its dividend, sending shares lower.
  • Dell Inc. (DELL) lower Q4 earnings beat estimates by a penny but it didn't offer guidance, sending shares lower.
  • Goodyear Tire & Rubber Co. (GT) easily topped Q4 earnings estimates and revenue increased as well.

Continue reading Earnings Highlights: Campbell, Dell, Goodyear, JCPenney, Merck, Playboy ...

Earnings highlights: Aflac, Avon, BP, Hershey, Kellogg, Nintendo, P&G, Sprint ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Aflac, Avon, BP, Hershey, Kellogg, Nintendo, P&G, Sprint ...

Daimler, Honda slump following earnings reports

Tuesday, Daimler AG (NYSE: DAI) reported that it returned to profitability in the third quarter of 2009, and Honda Motor Co. Ltd. (NYSE: HMC) posted much lower fiscal second quarter earnings, but which were better than the loss the company had earlier expected.

In line with previously released preliminary results, Daimler posted a net profit of 56 million euros ($83.2 million), or 0.04 euros per share, down from 213 million euros ($316.5 million) in the same quarter of 2008. And it said revenue fell to 19.3 billion euros ($28.7 billion) from 24.5 billion ($36.4 billion) a year ago. The slump in sales was most substantial in its Daimler Trucks and Mercedes-Benz Vans units.

Continue reading Daimler, Honda slump following earnings reports

Analyst upgrades, downgrades and initiations

Analyst upgrades:
  • Citigroup upgraded Procter & Gamble (NYSE:PG) to Buy from Hold after meeting with management as it believes a more aggressive strategy will lead to the company regaining market share. Citi raised its target on shares to $66 from $54.
  • Piper Jaffray upgraded Allscripts (NASDAQ:MDRX) to Overweight from Neutral after learning the company signed a large contract with North Shore Long Island Jewish Hospital. Piper now sees upside to estimates and raised its target on shares to $22.50 from $14.
  • UBS upgraded Amedisys (NASDAQ:AMED) to Buy from Neutral following a review of the Senate Finance Committee's healthcare proposal, which they view as "benign." The firm raised its target to $57 from $46.
  • Daimler (NYSE:DAI) was upgraded to Outperform from Market Perform at Bernstein.
  • Boston Private (NASDAQ:BPFH) was upgraded to Outperform from Market Perform at Keefe Bruyette.
  • E-Trade (NASDAQ:ETFC) was upgraded to Buy from Neutral at Goldman.

Continue reading Analyst upgrades, downgrades and initiations

Automakers to cut sticker prices on 2010 models

Even with the cash-for-clunkers program in full effect, demand for new automobiles is the lowest it's been in years. This has heightened competition among automakers, who are being forced to both improve their products and discount their prices. Consumers in the market for a new 2010 vehicle may be treated to a discount.

Toyota Motor (NYSE: TM), for example, plans to introduce a less expensive Prius, and the 2010 Nissan (OTC: NSANY) Sentra will see its sticker price drop by anywhere from $130 to $1,080, based on the features the buyer opts for. Other vehicles that will hit the showroom floors at a discount include the Mercedes-Benz E350 mid sized sedan and the Lexus RX 350, discounted by $3,300 and $700, respectively.

Continue reading Automakers to cut sticker prices on 2010 models

Daimler working with Tesla on electric car

Tesla RoadsterEd Begley, Jr. will soon have more options should he be in need of a new electric car. Daimler AG has announced the acquisition of an equity stake of nearly 10% in Tesla Motors (not to be confused with these guys -- five man electrical band, indeed).

The German-based automaker is teaming up with the California company to work on making electric cars "a reality." Tesla is a visionary on the electric-car front; its Roadster, which runs on battery power, is the only electric vehicle approved for highway use in both Europe and North America. (Of course, it also comes with a price tag of $101,500 -- you'd have to save a lot on gas to make up for not buying a Taurus).


Continue reading Daimler working with Tesla on electric car

Analyst upgrades, downgrades and initiations: DAI, GT, DB, FIATY, TXN ...

Analyst upgrades:
  • Goldman upgraded shares of Daimler (NYSE: DAI) to Buy from Neutral as it believes the company's restructuring and greater visibility on its outlook could be positive for the stock.
  • JP Morgan upgraded shares of Goodyear Tire (NYSE: GT) and Cooper Tire (NYSE: CTB) to Overweight from Neutral on expectations that industry volumes will improve in the coming quarters.
  • Friedman Billings upgraded Websense (NASDAQ: WBSN) following the company's better than expected preliminary Q1 results. The firm maintains a $17 target on shares.
  • Ruby Tuesday (NYSE: RT) was upgraded to Buy from Hold at KeyBanc.
  • Portfolio Recovery (NASDAQ: PRAA) was raised to Buy from Neutral at SunTrust.

Continue reading Analyst upgrades, downgrades and initiations: DAI, GT, DB, FIATY, TXN ...

Analyst upgrades, downgrades and initiations: SUN, DAI, BDX, ITRN ...

Analyst upgrades:
  • Barclays upgraded Spectra Energy (NYSE: SE) to Overweight from Equal Weight. The firm believes Spectra's valuation is attractive and that the dividend is secure.
  • Soleil upgraded Sunoco (NYSE: SUN) to Buy from Hold on valuation following the recent pullback and maintains a $45 target on the stock.
  • Friedman Billings upgraded O'Reilly Automotive (NASDAQ: ORLY) to Outperform from Underperform on valuation and the company's better than expected sales and earnings acceleration. The firm has a $38 target on the stock.
  • Royal Caribbean (NYSE: RCL) was removed from Goldman's Conviction Sell List.
  • Intercontinental Hotels (NYSE: IHG) was raised to Buy from Hold at Jefferies.
  • Valspar (NYSE: VAL) was lifted to Neutral from Underweight at JP Morgan.

Continue reading Analyst upgrades, downgrades and initiations: SUN, DAI, BDX, ITRN ...

Comfort Zone Investing: That pinball feeling

Ted Allrich is the founder of The Online Investor and author of the book: Comfort Zone Investing: Build Wealth and Sleep Well at Night. In this weekly column, he'll offer advice to investors who are just getting started.

Lately I've looked in vain for good news. I mean news that has some substance, that would make a real difference to an investor. I can't find any. In fact, I feel like a pinball, bouncing from one rubber post to another, each one accelerating the downward, inevitable path toward the black hole at the bottom of the board.

Continue reading Comfort Zone Investing: That pinball feeling

Analyst upgrades, downgrades and initiations: EMS, DT, SPSS, CELG ...

Analyst upgrades:
  • Stephens upgraded Emergency Medical Services (NYSE: EMS) to Overweight from Equal Weight on valuation as they believe shares are undervalued at current levels. The firm has a $42 target on the stock.
  • Deutsche Bank upgraded Deutsche Telekom (NYSE: DT) to Buy from Hold ahead of the company's earnings report as they expect the results to provide confidence in the dividend.
  • Baird upgraded CoPart (NASDAQ: CPRT) to Outperform from Neutral due to the defensive nature of the salvage auction market, strong balance sheet, and potential growth beyond salvage and outside the U.S.
  • First Financial (NASDAQ: FFBC) was raised to Market Perform from Underperform at Keefe Bruyette.
  • GPC Biotech (NASDAQ: GPCB) was upgraded at Piper Jaffray to Neutral from Sell.
  • Smith & Nephew (NYSE: SNN) was upgraded to Buy from Hold at Citigroup.

Continue reading Analyst upgrades, downgrades and initiations: EMS, DT, SPSS, CELG ...

Next Page »

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 07:36 PM

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