Cramer is seeing troublesome developments all over the market. "We have to face some facts here," he said.» Read More
Check out which companies are making headlines after the bell Tuesday.
Oct 31- Cummins Inc posted a 22 percent drop in quarterly profit on Wednesday as demand for its engines and engine parts fell in nearly all parts of the globe. For the third quarter, the company posted net income of $352 million, or $1.86 per share, compared with $452 million, or $2.35 per share, a year earlier. Revenue fell 11 percent to $4.1 billion.
--Abiomed Inc rescheduled second-quarter conference call to Nov. 1 at 8 am Eastern Time. --Accelrys Inc rescheduled third-quarter results to Oct. 31, after market. Its conference call will be held on Nov. 1, 9.30 am Eastern Time.
*Navistar aims to save up to $175 mln next year. NEW YORK, Oct 29- U.S. truck and engine maker Navistar International Corp is willing to look at the possible sale of any part of its business as it tries to return to profitability, but it is not willing to consider fire-sale prices for its assets, interim Chief Executive Lewis Campbell said on Monday.
--Acorda Therapeutics Inc: rescheduled third-quarter financial results and conference call to Oct. 31 from Oct. 30. --Advent Software Inc reschedules third-quarter results and conference call to Oct. 30. --AGCO Corp rescheduled third-quarter results to Oct 31, 8 am Eastern Time from Oct. 30.
NEW YORK, Oct 24- A leading indicator of U.S. construction activity jumped last month, led by demand for new apartment buildings, suggesting U.S. builders and their suppliers may see more work in coming months.
*DuPont, 3 M, United Tech, UPS miss revenue forecasts. *DuPont, 3 M Co cut profit forecasts.
*DuPont, 3 M, United Tech, UPS miss revenue forecasts. *DuPont, 3 M Co cut profit forecasts. DuPont and United Tech are by no means the only big U.S. companies to begin cutting jobs.
Check out which companies are making headlines after the bell Thursday.
The layoffs will affect workers at the company's Fuel Systems Plant in Columbus, Columbus MidRange Engine Plant or the Seymour Engine plant, Cummins spokesman Jon Mills told The Republic for a story Thursday.
NEW YORK-- Fitch Ratings is boosting some of its ratings for Cummins, citing the engine maker's improving profitability, financial flexibility and other factors. The ratings agency raised Cummins Inc.' s issuer default rating and its long-term debt ratings one notch in investment-grade status to "A" from "A-."
Oct 12- Fitch Ratings has upgraded Cummins, Inc.' s Issuer Default Rating and long-term debt ratings to' A' from' A-'. The Rating Outlook is Stable. Debt to EBITDA at July 1, 2012 was 0.31 times, which is lower than many other' A' rated peers, and has been well below 1.0 x during the past several years.
The earnings season is smacking the stock market even before it’s begun.
Jim Cramer explains how the bulls and bears duked it out Wednesday, like two opposing teams on the football field.
Take a look at some of Wednesday's midday movers:
Weakening prices midday don’t necessarily mean the rally has ended, “Fast Money” pros said Wednesday on CNBC.
*Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook. NEW YORK, Oct 10- U.S. stocks dipped on Wednesday as earnings season began with Alcoa forecasting slower demand for aluminum, while a profit warning from Chevron weighed on the energy sector.
*Credit Suisse raises Spectrum Brands Holdings Inc target price to $53. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
It's early in the third-quarter earnings season, but two trends are emerging.
*Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook. NEW YORK, Oct 10- U.S. stocks were set for a slightly lower open on Wednesday as earnings season started with a warning from Alcoa about slower aluminum consumption, underscoring concerns about sluggish worldwide growth.