Why is The Manitowoc Company, Inc. (MTW) 5.86-0.28 (-4.64%) Tanking ? Is it because it is not on the dow ? Description
The Manitowoc Company, Inc. provides engineered lifting equipment for the construction industry worldwide. The company designs and manufactures crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks the National Crane brand. It also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services under the Manitowoc Crane Care brand. The company's products are used in various applications, including energy and utilities; petrochemical and industrial projects; infrastructure development, such as road, bridge, and airport construction; and commercial and high-rise residential construction industries. The Manitowoc Company, Inc. was founded in 1853 and is based in Manitowoc, Wisconsin.
General Motors Co (GM.N) now expects U.S. new vehicle sales in 2017 will be in the "low 17 million" unit range, reflecting a widespread expectation that the industry is headed for a moderate downturn, a top executive said on Monday.
Market recovering slightly and Cat headed for lows of the day.
Div increased by .01 just to keep the consecutive year raise streak intact. :-)
cAT tanking today on good volume. Energy down. China auto sales down. Housing starts down. construction in china slow in may and june. India closing 37 coal mines. All this cant be good for CAT.
NEW home sales fell for the third straight week in Shanghai with medium to low-end projects being the most popular type among buyers. The area of new residential properties sold, excluding government-funded
**ALERT** Goldman just REVERSED a huge gain and is TANKING ! you know what that means don't you as most of Trumps cabinet come from Goldman ! What do they know that you don't ?
Nucor Falls After Cutting Outlook, Move Keeps Government Review of Dumping Front and Center
Other steel shares followed Nucor down, including AK Steel and U.S. Steel.
Sold out today at 106.74. Cant believe I held on when it was at 56. Good riddance.
*ALERT* Cat PE ratio is what ? HD supply tankgn huge !!! 15,000 employees pluming and valves HD Supply Holdings, Inc. (HDS)32.96-8.31 (-20.14%) Chicago Bridge & Iron Company 17.53-1.65 (-8.58%) tanking ! Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services worldwide. It operates in four segments: Engineering & Construction, Fabrication Services, Technology, and Capital Services. The Engineering & Construction segment provides engineering, procurement, and construction services for energy infrastructure facilities, such as upstream and downstream process facilities for the oil and gas industry, as well as liquefied natural gas liquefaction and regasification terminals, and fossil electric generating plants for the power generation industry. The Fabrication Services segment is involved in the fabrication and erection of steel plate structures; fabrication of piping systems and process modules; and manufacture and distribution of pipes and fittings, and engineered products for the oil and gas, petrochemical, power generation, water and wastewater, mining and mineral processing industries. The Technology segment provides process technology licenses and associated engineering services and catalysts for use in petrochemical and refining industries; and offers process planning, project development, and aftermarket support services. The Capital Services segment offers integrated maintenance, environmental engineering and remediation, construction, program
**Chicago PMI new orders fall huge !** And pending home sales fell for the second straight month... Wednesday, National Association of Realtors (NAR) said its pending 3ome sales index fel 1.3%in April to a reading of109.8, compared to March’s level of 111.4. The housing sector is losing momentum faster than expected as economists were expecting to see a 0.7% rise in the index. This can't be good news for overpriced cat can it ?
but new orders slowed abruptly in the month to a 4-month low with backlog orders in contraction for a sixth straight month Released On 5/31/2017 9:45:00 AM For May, 2017 Prior Consensus Consensus Range Actual Business Barometer Index - Level 58.3 57.5 56.0 to 60.0 55.2
nice p/e...glad to see cat is near all time highs based on non existent growth and earnings
Cat has been holding up due to china sales which is driven by construction growth in turn fueled by debt. Now that china has been downgraded based on debt. They cannot grow it as fast. So construction growth will slow. Hence CAT sales for construction in asia /china will slow. Construction growth slowdown will also affect mining. Overall negative for cat over the next 5 yrs
Trump play back on ~~ this sector is seeing lots of green....
I guess all those fraudulent CAT accounting scandals have been buried with their own equipment...probably along with the whistleblower. EGADS!