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KB Homes Downgraded On Valuation Risk After 'Ballistic' Growth
Friday, January 12, 2018 - 3:50pm | 390KB Home (NYSE: KBH) was downgraded by Buckingham Research Group Friday, with an analyst saying the homebuilder's share price "is ahead of itself." The Analyst Buckingham's Mark Weintraub downgraded KB Home from Neutral to Underperform and raised the price target from $28...
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Caterpillar Remains 'Undervalued' After 75% Gain In 2017, Says JPMorgan
Monday, January 8, 2018 - 11:00am | 413Caterpillar Inc. (NYSE: CAT) investors saw a return of 75 percent in 2017 versus the S&P 500's 22-percent gain, and a Wall Street analyst is projecting the growth will continue. The Analyst JPMorgan's Ann Duignan upgraded Caterpillar's stock from Neutral to Overweight...
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Aecom, Fluor Are Buys In The Engineering And Construction Space, Baird Says
Wednesday, January 3, 2018 - 2:41pm | 475For engineering and construction investors, it’s all about projects, projects, projects. And there's no shortage of projects in 2018, according to one Wall Street analyst. The Analyst Baird analyst Andrew Wittmann initiated coverage of Aecom (NYSE: ACM) with an Outperform and raised the...
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Cramer: The Title For 'Most Serious' Beat And Raise This Quarter Goes To Caterpillar
Tuesday, July 25, 2017 - 11:55am | 338Shares of Caterpillar Inc. (NYSE: CAT) hit a new all-time high of $114 Tuesday after the company reported what CNBC's Jim Cramer described as the "most serious beat and raise" of any company this quarter. Caterpillar earned $1.49 per share in the second quarter on revenue of $11.331 billion, which...
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Analyst Turns Bullish On United Rentals, Upgrades To Outperform
Monday, July 17, 2017 - 9:28am | 345Analysts at RBC Capital Markets turned bullish on United Rentals, Inc. (NYSE: URI) Monday due to an improvement in the rental market and the company's large cash generation. Seth Weber upgraded United Rentals' stock from Sector Perform to Outperform with a price target boosted from $128 to...
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Mario Gabelli's Game Plan To Profit From An Infrastructure Bill
Monday, May 8, 2017 - 9:07am | 337President Donald Trump's proposed infrastructure spending plan is more likely than not to see the light of day, at least according to notable fund manager Mario Gabelli. Speaking as a guest on CNBC's "Squawk Box" segment Friday, Gabelli said it is a no-brainer airports, roads, bridges, inland...
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Potential Infrastructure Spending Raises Expectations For Upside At U.S. Concrete
Wednesday, March 1, 2017 - 4:56pm | 228Given President Trump’s proposed $1 trillion infrastructure plan, analysts are predicting vast growth opportunities ahead for construction product company, U.S. Concrete, Inc. (NASDAQ: USCR). “USCR remains positioned for a multitude of opportunities. Broader borough building development...
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Jobs Figures Appear Overtly Positive, But Interpretation Is Key
Monday, February 6, 2017 - 9:36am | 285The U.S. government reported on Friday that the economy added 227,000 jobs throughout January, which exceeded economists' predictions of 175,000. TD Ameritrade's JJ Kinahan, managing director of client advocacy and market structure, took a few minutes to chat with Benzinga about the jobs report....
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Goldman Sachs Downgrades Trio Of Construction Product Stocks
Tuesday, October 11, 2016 - 10:25am | 831Goldman in a research note released on Monday raised its machinery coverage view to Attractive but lowered its construction products coverage to Neutral. Noting that the construction spending in the United States has increased 28 percent since it turned positive on the U.S. construction cycle in...
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Oshkosh Investors Disappointed By Outlook; Watch For Pressure In Other Construction Stocks
Friday, September 23, 2016 - 12:09pm | 391Oshkosh Corp (NYSE: OSK) disappointed investors by providing downbeat outlook for the fiscal year 2017 though it offered upbeat forecast for the current fiscal year. This sparked investors to dump the stock in the pre-market trading on Friday. The outlook provided by the company is likely to...
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Axiom's Gordon Johnson Starts Caterpillar With A Sell, Sees 60% Downside
Thursday, September 24, 2015 - 8:41am | 452Shares of Caterpillar Inc. (NYSE: CAT) fell more than 2 percent on Wednesday, trading at fresh 52-week lows of $70.16. Gordon Johnson of Axiom initiated coverage of Caterpillar on Thursday with a Sell rating and $28 price target. Johnson noted two of the company's three core...
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Bringing Some 'Joy' to Your Trading
Wednesday, July 9, 2014 - 3:46pm | 505Joy Global Inc (NYSE: JOY) presents a great swing-trading opportunity to the long side. The construction machinery and heavy trucks company has developed a nice flag pattern through the month of June, and looks poised for a run higher from current prices. JOY has been engaged in a solid if...
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Spring Thaw: Is The Housing Sector Ready To Move?
Tuesday, June 3, 2014 - 4:15pm | 453As winter's icy grip becomes a fading memory, is the housing sector ready to warm up? The homebuilder ETF (NYSE: XHB) may be giving a clue to that question. Given that housing starts for April were up over 13 percent month-over-month, and new permits hit their highest level in nearly six...
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ETF Outlook for Tuesday, March 18, 2014 (CARZ, XHB, IGV, GLD)
Tuesday, March 18, 2014 - 11:11am | 676ETF Outlook for Tuesday March 18, 2014 First Trust NASDAQ Global Auto ETF (NASDAQ: CARZ) The news of a massive General Motors (NYSE: GM) recall has sent the stock down over 10 percent in the last week, as more disturbing news continues to leak into the media. The stock is the seventh largest...
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Home Depot CEO Talks About Recovery, The Weather and Online Sales
Wednesday, March 12, 2014 - 4:48pm | 289Home Depot (NYSE: HD) Chairman and CEO Frank Blake was on CNBC early Wednesday, and had some interesting comments regarding recent earnings, Mother Nature and the economy in general. As many companies have recently done, Home Depot is pointing to the recent harsh winter weather for its...