Cummins Inc
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Jim Cramer thinks there is evidence of a turn in Europe. And if that happens, then this name is THE play, the "Mad Money" host said.
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Jim Cramer thinks there is evidence of a turn in Europe. And if that happens, then this name is THE play, the "Mad Money" host said.
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*Barclays cuts target price to $130 from $136; rating overweight. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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*UBS cuts price target to $126 from $135; rating buy. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
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*Credit Suisse cuts target price to $134 from $139; rating outperform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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*Baird cuts target price to $120 from $130; rating outperform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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Stocks reversed their early losses to finish higher on the final day of the month, with all three major averages posting robust gains for April, despite some weak corporate earnings and mixed economic data.
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*JP Morgan cuts price target to $110 from $115; rating neutral. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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rose 0.17 percent and the Nasdaq Composite Index gained 0.58 percent. **APPLE INC, $442,5, up 3 pct. **TRANSITION THERAPEUTICS INC, $3.27, up 45 pct.
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April 30- Cummins Inc reported a sharper-than-expected drop in first-quarter earnings on Tuesday, citing weak demand for its turbines and engines, especially from the mining and oil and gas industries. Last week, Caterpillar Inc posted disappointing quarterly results and cut its 2013 profit forecast.
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April 30- Cummins Inc reported a sharper-than-expected drop in first-quarter earnings on Tuesday, citing weak demand for its turbines and engines in most of its markets, especially the mining and oil and gas industries.
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April 30- Cummins Inc reported a sharper-than-expected drop in quarterly earnings on Tuesday, citing weak demand in most of its markets and an especially steep decline in sales of engines and turbines to the mining and oil and gas industries.
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Earnings: A large number of misses this morning. Among industrials and materials, big misses from Cummins, Pitney Bowes, U.S. Steel, and Martin Marietta. Pfizer also missed, though just by a penny.
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Staff reviewers for the U.S. Food and Drug Administration are expected to ask a panel of medical experts on May 2 if another clinical trial is required before it approves an experimental kidney cancer drug made by Aveo Oncology and Astellas Pharma Inc. **MGIC INVESTMENT CORP, Monday close $5.48, down 13 pct premarket.
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U.S. stock market index futures hovered around the flatline Tuesday, a day after the S&P 500 logged a fresh closing high, as investors weighed a batch of weak corporate earnings against a better-than-expected S&P/Case-Shiller home price report.
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NEW YORK, April 30- Cummins Inc:. *Shares down 4.2 percent in premarket trading after results. ( (New York Treasury Desk; Tel: 223 6300)).
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**MGIC INVESTMENT CORP, Monday close $5.48, down 13 pct premarket. **PFIZER INC, Monday close $30.43, down 3 pct premarket. **ZOETIS INC, Monday close $32.66.
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April 30- Cummins Inc reported a sharper-than-expected drop in quarterly earnings on Tuesday, citing weak demand for most of products in most of its markets, but an especially dramatic decline in sales of its engines and turbines to customers in the mining and oil and gas industries,.
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April 30- Cummins Inc reported a sharper-than-expected drop in quarterly earnings on Tuesday, citing weak demand for most of products in most of its markets, but an especially dramatic decline in sales of its engines and turbines to customers in the mining and oil and gas industries,.
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Investors should look past upcoming economic data, Joe Terranova says.