|Bid||127.84 x 1300|
|Ask||127.99 x 2200|
|Day's Range||126.85 - 128.42|
|52 Week Range||111.75 - 159.37|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||11.81|
|Forward Dividend & Yield||4.12 (3.17%)|
|1y Target Est||N/A|
Despite the year-long trade war denting business confidence, leading to a slump in the manufacturing industry, it is poised to perform well riding on the back of improving construction demand.
The result has been a volatile year for top industrial firms that do business in Asia. Perhaps nothing illustrates this give-and-take better than the iShares U.S. Industrials ETF (IYJ) which has boomeranged from about $160 in September 2018 to a low of under $120 in early 2019 and then back to crest the $160 mark once more and set a new all-time high. If you’ve been holding the iShares U.S. Industrials ETF (IYJ) for the past 12 month, then you may have very little to show for it.
DOW UPDATE Dragged down by declines for shares of Dow Inc. and Caterpillar, the Dow Jones Industrial Average is falling Wednesday afternoon. The Dow (DJIA) was most recently trading 152 points (0.6%) lower, as shares of Dow Inc.
Nearly as rapidly as oil prices spiked Monday, they violently retreated Tuesday amid talk that Saudi Arabia will be able to restore production from weekend drone strikes faster than was previously expected.Source: rafapress / Shutterstock.com Oil stood in the way of market upside yesterday and the commodity's Tuesday tumble did not provide much in the way of relief, indicating that many market participants are taking a wait-and-see approach to what comes out of the Federal Reserve meeting Wednesday. * 7 Momentum Stocks to Buy On the Dip Even before the rate cut news, the Fed was making headlines today, stepping into the repo market by buying $53.2 billion in securities to ease a sudden spike in short-term interest rates.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"The turmoil in the repo market caused a key benchmark for policy makers -- known as the effective fed funds rate -- to jump to 2.25%, an increase that, if left unchecked, could have started impacting broader borrowing costs in the economy," according to Bloomberg.Regarding the Fed's plans for interest rates, it appears likely that a rate cut of 25 basis points will be unveiled tomorrow, but after that, the central bank could be on pause for the rest of this year.With that in mind, traders pushed the Nasdaq Composite higher by 0.40% while the S&P 500 rose by 0.26%. The Dow Jones Industrial Average added 0.13%. In late trading, just 12 of the Dow's components were pointed higher and just four of those names were up 1% or more. Trade TalkWhat was surprising about the logy performances notched by stocks today was that President Donald Trump made some encouraging comments about the potential for a trade deal with China. Perhaps it was the broad time frame that the president gave that kept stocks from rallying. Aboard Air Force One heading to California, Trump told members of the media that a trade deal could happen soon or around the time of the 2020 election.That broad timeline wasn't enough to really jolt tariff-sensitive Dow stocks higher. For example, Apple (NASDAQ:AAPL) and Nike (NYSE:NKE) were sporting negligible gains in late trading, and most of the rest of the day's Dow winners were either defensive stocks or companies that are not heavily dependent on China as a source of revenue.Speaking of China, there was some good news on that front for at least one Dow component today. Boeing (NYSE:BA) was the blue chip index's leader, gaining about 1%, after the aerospace giant boosted its China demand forecast.The company said it expects China to purchase 8,090 passenger jets through 2038, up from a prior forecast of 7,690 planes through 2037. Those new orders will also be a boon to Boeing's services business, which is becoming an important driver of top- and bottom-line growth for the firm. Dow OffendersUnfortunately, Tuesday's Dow offenders is larger than we'd like to see. Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) can be excused due to the aforementioned drop in oil prices.Home Depot (NYSE:HD) lost about half a percent after Guggenheim analyst Steven Forbes cut his rating on the home improvement retailer to "neutral" from "buy." Forbes said the company's current investment initiatives could pay off over the long run, but over short-term, those spending plans could crimp margins."Bottom line, we find it difficult to see a path to earnings before interest and taxes margin expansion in 2020 as both a) investment spending and b) the associated D&A drag are poised to ramp," said the analyst.In what is likely a case of profit taking after major run high, Caterpillar (NYSE:CAT) traded lower today after entering the day with a gain of more than 15% over the past month. The machinery maker has been highlighted as one of the names that could benefit from higher oil prices, so that factor was at play to the downside. Bottom Line on Dow Jones TodayToday's market action wasn't all that surprising when considering the backdrop riskier assets are contending with. The pullback in oil prices could be a positive because there's always a sweet spot for oil companies and consumers. High gas prices could pinch consumer spending, something that would be a detriment to the broad economy, so today's oil retreat is, in a broader context, a positive.The Fed probably obliges with a rate cut tomorrow, but the devil will be in the details regarding how many more times this year the central bank will ease. If the tone isn't to investors' liking, riskier assets could be roiled.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Dow Jones Today: Oil Slides, Investors Wait on Fed appeared first on InvestorPlace.
Moody's Investors Service ("Moody's") assigned an A3 rating to Caterpillar Inc's (CAT) benchmark issuance of senior unsecured notes, proceeds of which will be used to fund discretionary pension contributions to U.S. pension plans. The A3 rating assigned to Caterpillar's note offering reflects the leverage-neutral nature of the transaction given the use of proceed s to fund pension liabilities. In addition, Caterpillar Financial Services Corporation (CFSC) remains a strategically important and prudently managed wholesale and retail finance arm.
Higher energy prices can hurt consumer pocketbooks, affecting the overall economy, but some sectors, such as heavy-machinery makers, benefit from higher oil prices.
Investing.com - U.S. futures pointed to a weak opening bell on Monday as oil prices spiked to their highest level since May after drone strikes hit more than half of Saudi Arabia’s oil capacity over the weekend.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the iPhone maker, a Big 3 automaker and a restructured industrial company. Bearish calls ...
America's nearly two-year-old trade war with China, as well as salvos with Europe and Mexico, has battered a wide swath of stocks. President Donald Trump's tariffs (and retaliatory duties) have weighed on companies in various forms, such as higher input costs and unsold inventory.The pinch is being felt on a wide scale. Global growth was already slowing, though market analysts and foreign leaders alike think the trade war is making things worse. Here at home, manufacturing is thinning, reflecting waning demand. ISM's purchasing managers' index reading for August was just 49.1. Anything under 50 signals a contraction in activity, meaning August was the first month in three years that American manufacturing receded.The result has been a pullback in numerous stocks. Buying these tariff-assisted dips is risky because some of the companies face headwinds outside of trade uncertainty. But a resolution between the U.S. and China would bring much-needed relief to many companies, and perhaps a bounceback in their shares. You can see the potential every time the market rallies on the smallest of optimistic hints."(These) value stocks will deliver attractive returns after the tariff resolution, like a coiled spring that pops up," says Michael Underhill, chief investment officer of Capital Innovations in Pewaukee, Wisconsin. He thinks the market could continue to move higher heading into October's negotiations. If more concrete progress is made, a sustained rally will continue, he says.Here, then, are 14 stocks that have already felt the burn from President Donald Trump's tariffs (and retaliatory taxes). Some represent potential should Washington reel in its tariff threats, but they may continue to suffer any time trade tensions reignite. And a few are trying to pivot their businesses out of harm's way. SEE ALSO: 25 Dividend Stocks That Analysts Love the Most
Investing.com - The Dow is set to pass its intraday record high on Friday and other indexes were also near record highs after upbeat trade news from China, while an upside surprise on core inflation wasn't seen as enough to stop the Federal Reserve cutting rates next week.
Stocks traded higher again Wednesday with the Dow Jones Industrial Average positioned for a seventh consecutive winning day as the European Central Bank (ECB) delved further into easy monetary, and amid news that trade tensions between the U.S. and China continue to thaw.Source: ymgerman / Shutterstock.com Given President Donald Trump's Twitter (NYSE:TWTR) volatility, it's wise to approach good trade news with some caution, but over the course of this week, some green shoots have emerged.The White House pledge to push back some proposed tariffs on Chinese goods while China is promising to rollback some levies on U.S. imports in conjunction with upping purchases of American farm products.InvestorPlace - Stock Market News, Stock Advice & Trading TipsToday, reports emerged that the White House has discussed offering some form of a limited trade pact to China. Whether or not that agreement is accepted remains to be seen, but the overarching issue is that both sides, at least for now, are showing willingness to work on trade deals. * 10 Battered Tech Stocks to Buy Now In Europe, the ECB cut its benchmark lending rate to -0.5% and pledged to buy $22 billion worth of euro-denominated bonds per month.Those headlines got us to the Nasdaq Composite gaining 0.30% today while the S&P 500 jumped 0.29%. The Dow Jones Industrial Average tacked on 0.17%. In late trading, 23 of the 30 Dow stocks, one of the better ratios this week, were trading higher. First, the Bad NewsYes, there were some glum performances among Dow stocks today. For example, Caterpillar (NYSE:CAT) slipped about 1% after Wells Fargo downgraded the construction machinery maker to "market perform" from "outperform." The bank also pared its price target on that Dow stock to $143 from $150."U.S. construction equipment demand is at or near peak, which will put downward pressure on earnings power," said Wells Fargo.On a technical basis, Caterpillar recently bumped into some overhead resistance and looking at the chart, the shares look primed to pull back over the near-term.Speaking of analyst chatter hurting Dow stocks, Walgreens Boots Alliance (NASDAQ:WBA) was the worst-performing Dow stock today, sliding over 4% after Deutsche Bank analyst George Hill initiated coverage of the stock with a "sell" rating.Hill had a tepid take on Dow stock UnitedHealth (NYSE:UNH), starting coverage of that laggard with a "hold" rating. Shares of UNH also finished lower today. Bright Spots on the DowVisa (NYSE:V) was the best-performing Dow stock today, adding 1.71%. It looks like buyers stepped into the name after the shares pulled back following a record close last Friday. The stock had been nearly 4% over the past several days.Shares of Walmart (NYSE:WMT) added nearly 1% after the largest U.S. retailer unveiled an expansion to its grocery delivering service. Priced at $98 annually, or $82 less per year than the fee on Amazon Fresh.Whether its streaming entertainment or food delivery, pricing power matters. Companies that can offer it without disrupting the long case for their stocks usually get a boost from investors. Walmart plans to expand the new grocery delivery service to 200 metro areas across the country.Walt Disney (NYSE:DIS) bounced back today as some of the concerns about Apple's (NASDAQ:AAPL) streaming effort ebbed.Disney has its own streaming plans, Disney +, and Credit Suisse says that if that offering can attract 10 million subscribers by the end of this year, that could bring double-digit upside for the stock. DJIA Bottom LineCentral banks around the world are acting to prop up economies that are in far worse shape than the U.S., and it's likely the Federal Reserve will follow suit to avoid having to act when it's too late.In comments made in Chicago today, former Federal Reserve Chair Janet Yellen affirmed that the Fed stands at the ready to shore up the world's largest economy, which she still views as solid. However, she doesn't believe the central bank will follow the ECB playbook of negative rates.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Dow Jones Today: Maybe We're Getting Somewhere appeared first on InvestorPlace.
The S&P 500 is closing in on a record high as optimism returns to the Street. Over the past week, we've seen improving price action and accelerating strength beneath the surface. Sector rotation is afoot, and I've spotted three stocks to buy that should continue to benefit from the shift.A glance at recent sector performance reveals several themes. Small-caps are sizzling, banks are booming and energy is rising from the abyss. Industrials also saw massive inflows. Each area boasts many compelling charts, and today's selections look well-positioned to profit.Some say that sector rotation is the lifeblood of a bull market. The power of laggards leading while leaders lag (or otherwise take a breather) has been on full display this week.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Deeply Discounted Energy Stocks to Buy Let's take a closer look at three ways to capitalize on its continuation. 3 Sector Rotation Stocks to Buy: JPMorgan Chase (JPM)Source: ThinkorSwim The awakening of the banking industry is undoubtedly one of the reasons why the small-cap-laden Russell 2000 Index has awoken. But it's actually one of the largest banks that has me licking my chops. JPMorgan Chase (NYSE:JPM) is topping off the third week of a robust rally that ushered its shares to the upper end of its two-year trading range.And that means a breakout could be imminent. JPM stock has a history of delivering strong followthrough after weekly breakouts. And with the fourth quarter fast approaching as well as bullish undertones returning to the Street, JP Morgan should keep delivering.Buy the Dec $120/$125 bull call spread for around $1.90. Exxon Mobil (XOM)Source: ThinkorSwim Energy stocks have been laid low over the past six months, but this week finally saw big buyers enter the fray. The last three days have seen accumulation days in the Energy Sector ETF (NYSERCA:XLE). Exxon Mobil (NYSE:XOM) is rising alongside XLE, and though its intermediate- and long-term trends still point lower, the sharpness of this week's ascent suggests more upside is in the offing.I particularly like how this morning's weakness was quickly bought up, confirming that buyers still lurk beneath the surface.Exxon's low implied volatility rank makes long premium plays compelling. Instead of going aggressive with a bull call spread purchase, I like using bull call diagonals instead. They only require a mildly bullish move and set us up to profit from time decay. * 10 Battered Tech Stocks to Buy Now Buy the Jan $67.50 call and sell the Nov $75 call for a net debit of $4.95. Boeing (BA)Source: ThinkorSwim Ever since bottoming in mid-August, Boeing (NYSE:BA) has been booming. The recovery reached a fever pitch yesterday with a high-volume 3.6% pop that jammed BA stock to a four-month high. We're seeing some well-deserved profit-taking this morning, but with the short-term trend now pointing higher, I suspect the weakness will prove a buying opportunity.Be aware that major resistance looms heavy at $383, so Boeing needs to clear that level before the party can really begin. But its angle of attack and the strength seen over the past month gives BA the best chance it's had in months to turn its intermediate-trend back up.Buy the Jan $380/$400 bull call spread for around $8.50. Your risk is $8.50, and the potential reward is $11.50.As of this writing, Tyler Craig didn't have positions on any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post 3 Stocks to Buy As Sector Rotation Heats Up appeared first on InvestorPlace.
There is more economic trouble brewing. This time the problem is U.S. construction. That is bad news for industrial stocks, particularly makers of back hoes, cranes and dump trucks.
Wells Fargo analyst Andrew Casey downgraded Deere from Outperform to Market Perform and reiterated his $170 price target. Casey said his latest checks suggest the U.S. construction cycle is at or near its peak, and Deere and Caterpillar will likely face earnings pressure starting in 2020. Casey said single-digit growth in Caterpillar’s Resource Industries and slight compression in Energy and Transportation will not be able to make up for a softening U.S. construction equipment market.
Joe Terranova said on CNBC's "Fast Money Halftime Report" he has a long position in Mastercard Inc (NYSE: MA ) and he would stay with it. He sees it as a global payments leader, a great story ...
Construction equipment manufacturer Caterpillar is seeing its profits squeezed amid the ongoing trade war and slower global economic growth.
The Zacks Analyst Blog Highlights: Caterpillar, General Motors, Citigroup, Northrop Grumman and Walgreens Boots