Shares of 3M Co. surged Wednesday after the maker of consumer, industrial and healthcare products said the U.S. Department of Defense’s records show that the “vast majority” of claimants in litigation...
Tag: Machinery/Industrial Goods
3M raises dividend to $1.50 a share
3M Co. MMM, +0.34% said late Tuesday its board has declared a dividend of $1.50 a share for the first quarter, up from $1.49 a share. The dividend is payable on March 12 to shareholders of record on F...
Stanley Black & Decker dives after Q4 results beat expectations, but 2023 outlook is well below forecasts
Shares of Stanley Black & Decker SWK dove 4.6% in premarket trading Thursday, after the tools maker reported fourth-quarter results that beat expectations but provided a full-year profit outlook t...
Intuitive Surgical stock drops 10%, COVID resurgence hobbles sales
Shares of Intuitive Surgical Inc. ISRG dropped more than 10% in the extended session Tuesday after the maker of surgical robotic systems reported fourth-quarter results slightly below Wall Street expe...
3M stock dips after earnings miss, company plans to cut 2,500 jobs
Shares of 3M Co. MMM, +1.63% were down nearly 4% in premarket action Tuesday after the manufacturing giant missed profit expectations for the latest quarter and delivered a downbeat earnings outlook f...
GE stock falls after earnings, FCF beat expectations but outlook was downbeat
Shares of General Electric Co. GE, +2.69% fell 2.2% in premarket trading Friday, after the industrial conglomerate reported fourth-quarter profit, revenue and free cash flow (FCF) that beat expectatio...
Caterpillar stock rises to 4th straight record after BofA analyst becomes top bull on Wall Street
Shares of Caterpillar Inc. rallied Friday to a fourth straight record close, after BofA Securities analyst Michael Feniger turned bullish on the belief that the construction- and mining-equipment make...
GE Healthcare stock to start trading as separation from GE is completed
The first stage of the break up of General Electric Co. GE, +1.76% has been completed, as GE HealthCare Technologies Inc. GEHC, +4.78% has been officially separated and will begin trading Wednesday as...
Generac stock leads S&P 500 gainers after Janney says buy, citing ‘free option’ on clean energy
Shares of Generac Holdings Inc. surged Wednesday, after Janney analyst Sean Milligan said the sharp selloff this year has provided investors an opportunity to buy into an established brand with a domi...
One company could determine if U.S. corporate profits rise to a record next year
As Wall Street looks toward 2023, earnings growth for the companies that make up the S&P 500 index could hinge on just one of them: Amazon.com Inc. Amazon AMZN, -1.39%, the online retail giant who...
Veteran manager offers 5 ‘cheap, quality, dividend’ stocks that will let you play one of tech’s biggest themes.
2022 may be remembered as the year investors fell out of love with tech stocks. While the Nasdaq Composite COMP, -3.91% is up about 5.3% this quarter, that’s after three dismal ones, and a 28% loss fo...
21 dividend stocks yielding 5% or more of companies that will produce plenty of cash in 2023
When the stock market has jumped two days in a row, as it has now, it is easy to become complacent. But the Federal Reserve isn’t finished raising interest rates, and recession talk abounds. Stock inv...
Fed to put a ‘firm foot on the brake pedal’ this week
The Federal Reserve is widely expected this week to raise its benchmark interest rate by 0.75 percentage points in an effort to slow the economy as a way to cool inflation. “What the Fed was doing ear...
Why FedEx’s stock plunge is so bad for the whole stock market
FedEx Corp.’s profit warning has cast a pall on the broader stock market, as a record plunge in the package delivery giant’s stock has helped trigger one half of a Dow Theory “sell” signal. FedEx shar...
Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns
“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sh...
15 quality dividend stocks that you can buy on sale right now
John Buckingham, editor of the Prudent Speculator newsletter, paraphrases Warren Buffett when he says “whether it is socks or stocks, we like to buy quality merchandise that is marked down.” And 2022 ...
These stocks soared during the pandemic, and then crashed. Ten are now expected to double in price.
A screen of stocks that popped during the coronavirus pandemic highlights dozens that have crashed. But some are considered worthy of purchase by a majority of analysts. You might want to keep an eye ...
U.S. economy will fall into a recession this summer, as inflation eats into consumer spending, former Fed official warns
Higher inflation will force consumers to limit their spending by so much that the economy will slump into a recession by the July-September quarter, former Federal Reserve Governor Lawrence Lindsey sa...
Fed’s Powell sees the light — and turns far more hawkish than expected
After remaining stubbornly dovish last year, Federal Reserve Chairman Jerome Powell on Wednesday jumped the central bank squarely into the hawkish camp at his press conference on Wednesday. “The March...
Deere’s stock is having its best day in 2 years
Shares of John Deere parent Deere & Co. powered up to their best one-day performance in two years after the maker of agricultural, construction and forestry equipment reported a big fiscal first-q...