Company Overview and News

 
US-China Work Out Trade Truce: 5 Top Winners

3h zacks
The United States and China have agreed to “substantially” lessen trade deficit following two days of negotiations. China promised to “significantly” purchase U.S. goods and services that soothed investors’ nerves to a fair extent.

 
Industrials Set to Gain as Trade War Fears Ease: 5 Picks

4h zacks
Industrials emerged as the leading gainer on May 21 as stocks hit their highest level in two months. The immediate trigger for gains was a significant decline in trade tensions between the United States and China. Comments from the U.S. Treasury Secretary helped to reassure investors that negotiations between the two countries are proceeding smoothly.

 
The Zacks Analyst Blog Highlights: Western Digital, Magna International, Nucor, Sony and Caterpillar

5h zacks
Chicago, IL – May 22, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Western Digital Corporation (WDC - Free Report) , Magna International Inc. (MGA - Free Report) , Nucor Corporation (NUE - Free Report) , Sony Corporation (SNE - Free Report) and Caterpillar Inc.

 
Boeing, Caterpillar Lift the Dow Monday

21h 247wallst
May 21, 2018: Markets opened higher Monday following a weekend where tensions with China over tariffs and trade eased substantially even though no final deal appears to be near. 10-Year Treasury yields remain above 3% and the dollar traded higher. All equity sectors except healthcare were trading higher as Monday’s regular session wound down.

 
Dow ends up nearly 300 points as trade-war fears ease

21h marketwatch
U.S. stocks closed solidly higher on Monday, with industrial stocks leading the market higher as concerns over a potential trade war with China showed signs of fading. The Dow Jones Industrial Average DJIA, +1.21% rose 1.2% to 25,013. The S&P 500 SPX, +0.74% gained 0.7% to 2,733. The Nasdaq Composite Index COMP, +0.54% added 0.5% to 7,394. Both the Dow and the S&P closed at their highest level in about two months.

 
Here's Why You Should Hold onto Bemis (BMS) Stock for Now

22h zacks
Bemis Company, Inc. (BMS - Free Report) remains well poised for growth, banking on its initiatives to improve cost structure through the Agility plan, as well as focus on restructuring activities. However, raw material inflation and rising expenses remain concerns. The manufacturer of flexible packaging products and pressure-sensitive materials, with a market capitalization of approximately $3.9 billion, currently carries a Zacks Rank #3 (Hold).

 
Trade war fears ebb as U.S., China agree to continue talks

2018-05-21 reuters
BEIJING/WASHINGTON (Reuters) - Washington and Beijing both claimed victory on Monday as the world’s two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China.

 
Grab 5 Cheap Large-Cap Stocks on Eased US-China Trade Fear

2018-05-21 zacks
Trade worries between the United States and China, which cast a pall on Wall Street for months, have eased. This is especially true as the world’s largest economies dropped their tariff threats and set up a framework for addressing potential trade imbalances in the future. The Latest Development Beijing has agreed to substantially reduce America's massive trade deficit with China but did not commit any specific amount.

 
Rockwell Automation (ROK) to Grow on Manufacturing Strength

2018-05-21 zacks
On May 18, we issued an updated research report on Rockwell Automation Inc. (ROK - Free Report) . The company is poised to gain from favorable manufacturing environment, strength in heavy industries, positive impact of the tax reform, as well as increased investment. However, headwinds in transportation vertical are expected to mar its performance in the near future. Let’s illustrate the factors in detail.

 
UPDATE 1-South Africa's Barloworld reports solid first-half earnings as mining picks up

2018-05-21 reuters
JOHANNESBURG, May 21 (Reuters) - South Africa’s Barloworld Ltd, a dealer for Caterpillar Inc and other industrial brands, reported a 14 percent rise in first-half earnings on Monday as a pick-up in mining activity spurred sales of heavy equipment.

 
Boeing, Caterpillar Prop Up the Dow Thursday

2018-05-18 247wallst
May 18, 2018: Markets opened lower again Friday and while the Dow hugged the break-even line all day, the S&P 500 and the Nasdaq Composite remained in the red for the entire trading session. U.S. trade talks with China have hit a bump in the road and negotiations with Mexico and Canada on revisions to NAFTA missed a deadline of sorts Thursday. Friday’s best performing sector was industrials, probably thanks to Deere & Co.

 
Caterpillar Inc. Becomes a Proxy for Trump Disquiet

2018-05-18 investorplace
After beating the market handily for a year, Caterpillar Inc. (NYSE:CAT) has become a proxy for Trump disquiet.

 
DE Stock: Go Long Deere & Company As Wall Street Frets One Tepid Earnings Report | InvestorPlace

2018-05-18 investorplace
Deere & Company (NYSE:DE) reported earnings, and the knee-jerk reaction from Wall Street was to sell the stock down 2% on a headline, though it has since solidly reversed course. Management missed on the top and bottom line, so at face value it looked like a bad quarter for the equipment maker. However, now investors are delving into the details of the report.

 
Deere (DE) Q2 Earnings Lag, Sales Meet Estimates, View Up

2018-05-18 zacks
Deere & Company (DE - Free Report) reported second-quarter fiscal 2018 (ended Apr 29, 2018) adjusted earnings of $3.14 per share, which increased 26% year over year. The bottom line missed the Zacks Consensus Estimate of $3.33. Including tax adjustments related to the tax reform, the company reported earnings of $3.67 per share compared to $2.50 per share recorded in the year-ago quarter. Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) came in at $9.

 
Philly Fed Factory Orders Hit 45-Year High: 5 Solid Picks

2018-05-18 zacks
Economic growth in Trump land is enjoying a boom, of late. The Conference Board Leading Economic Index, a gauge of upcoming U.S. economic activity, inched up 0.4% in April, indicating expectations of growth in the next half of the year. Notably, a downfall in unemployment rolls to its lowest level since 1973 indicates a tightening labor market. Thursday’s Philly Fed data revealed that factory activity in the mid-Atlantic region has picked up this month, with American manufacturers intending to offer products at higher prices and adding more jobs.

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