Latest news with #IndustrialStocks
Reuters
5 days ago
- Business
- Reuters
European stocks close at two-month highs propelled by earnings, defence stocks
Aug 14 (Reuters) - European shares closed at their highest level in more than two months on Thursday, with aerospace and defence stocks and financials providing the biggest boost as investors assessed a spate of corporate earnings. The pan-European STOXX 600 index (.STOXX), opens new tab closed 0.6% higher, after touching a two-week intraday high. Industrial stocks (.SXNP), opens new tab were among the biggest sectoral gainers, with aerospace and defence companies taking charge. The broader index (.SXPARO), opens new tab gained 2.2% after coming under pressure ahead of Friday's summit between U.S. President Donald Trump and Russian President Vladimir Putin. Richard Flax, chief investment officer at Moneyfarm, said that despite expectations of Europe spending more on defence, questions remained about when it would come through and how much would go to European firms. Upbeat corporate earnings reports also aided sentiment. Insurers (.SXIP), opens new tab were up 0.9%, after trading near record highs touched last Thursday earlier in the session. London's Admiral (ADML.L), opens new tab hit a record high, rising 6.6% after a strong first-half profit, while Aviva (AV.L), opens new tab jumped 2.6% to its highest since December 2007, after raising its interim dividend after reporting stronger half-year operating profit. Dutch payments firm Adyen ( opens new tab slumped 4.9% after it cut its annual revenue forecast. Most regional indexes traded higher, with Britain's FTSE (.FTSE), opens new tab reversing earlier losses to gain 0.1%. Markets have gained in recent weeks on optimism around the Federal Reserve delivering an interest rate cut as soon as next month. However, U.S. economic data on the day erased expectations of a 50 basis point cut next month. "There's kind of continued optimism about prospect for lower rates in the US... PPI figures today tempered things a little bit, but the expectation continues to be that we'll see rates come down," said Flax. Data showed Britain's economy slowed less than expected in the second quarter after a strong start to 2025, despite U.S. trade tariffs and a weaker jobs market, offering some relief to Finance Minister Rachel Reeves. Among others, Embracer ( opens new tab slumped 23.4%, its worst day since May 2023, and fell to the bottom of the STOXX 600, after the gaming company reported a first-quarter operating profit and forecast annual earnings well below market expectations. Thyssenkrupp ( opens new tab tumbled 8.7% after the German conglomerate cut its full-year outlook for investments and sales, citing disruption from U.S. tariffs. FLSmidth ( opens new tab rose 6.7%, the most on STOXX 600, after the Danish mining and cement technology supplier reported second-quarter results and updated annual forecast. Carlsberg ( opens new tab fell 7.1% after the Danish brewer missed half-year profit and volume forecasts, and said it did not expect any improvement in the consumer environment this year.
Yahoo
12-07-2025
- Business
- Yahoo
Evercore ISI Upgrades SkyWest (SKYW) Stock to Outperform
SkyWest, Inc. (NASDAQ:SKYW) is one of the Top 10 Transportation and Industrial Stocks to Buy Now. Evercore ISI analyst Duane Pfennigwerth upgraded the company's stock to 'Outperform' from 'In Line' with a price objective of $120, as reported by The Fly. The upgrade comes as the company experiences robust demand from legacy airline customers, as per Evercore ISI. A commercial plane flying overhead with a scenic view of the region in the background. As per the firm's analyst, pilot production continues to exceed expectations because of reduced attrition rates, which addresses the critical constraint in the post-COVID recovery period. Furthermore, SkyWest, Inc. (NASDAQ:SKYW) is also finding creative growth opportunities for the existing fleet. Also, legacy carriers have been prioritizing the restoration of hub capacity and are relying on SkyWest, Inc. (NASDAQ:SKYW), considering its demonstrated reliability over the previous 5 years. Also, Evercore ISI noted that the company's net debt and leverage remain at the lowest levels in more than a decade and continue to decrease. Furthermore, aircraft debt for a significant portion of the E175 fleet is expected to be fully amortized in 2026, which the firm opines can offer more favorable FCF dynamics. SkyWest, Inc. (NASDAQ:SKYW), through its subsidiaries, is in the operation of a regional airline in the US. While we acknowledge the potential of SKYW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
12-07-2025
- Business
- Yahoo
Goldman Sachs Upgrades Oshkosh Corporation (OSK) Stock to Buy
Oshkosh Corporation (NYSE:OSK) is one of the Top 10 Transportation and Industrial Stocks to Buy Now. Goldman Sachs analyst Jerry Revich upgraded the company's stock to 'Buy' from 'Neutral' with a price objective of $131, up from the prior target of $124, as reported by The Fly. The firm noted that consensus estimates for Oshkosh Corporation (NYSE:OSK) embed tariff risks, mentioning that it anticipates improvement in the Transportation margins, thanks to the completed contract renewals for tactical wheeled vehicle products after a period of underperformance post-COVID. A worker welding an intricate frame in a factory for heavy construction machinery. Furthermore, the firm noted that the used construction inventories have been declining YoY for the first time since late 2022. Also, the new equipment destocking is more than halfway complete. With a healthy foundation and clear vision, Oshkosh Corporation (NYSE:OSK) continues to target healthy revenue and adjusted EPS growth over the upcoming 3 years. Oshkosh Corporation (NYSE:OSK) highlighted that multi-year backlogs as well as existing contracts in its Vocational and Transport segments aid ~50% of targeted revenue growth in 2028. The company is expected to capitalize on critical industry trends and anticipates solid, long-term demand for its products to fuel success. Investment management company First Pacific Advisors released its Q1 2025 investor letter. Here is what the fund said: 'Oshkosh Corporation (NYSE:OSK) is a specialty vehicle manufacturer that operates across three segments – Access Equipment (JLG lifts and telehandlers), Vocational (fire trucks, airport equipment, dump trucks, etc.), and Defense (which includes the new US Postal Service trucks). The Fund has owned shares of OSK since its inception in 2002 but has added and trimmed since then. OshKosh has a long history of earnings growth and strong returns on capital. In 2024, OSK shares declined because of lowered expectations for JLG earnings. The company's leverage is low, it has a long and successful operating history, and its shares trade at roughly eight times our estimate of normal earnings. We have incrementally added to our position.' Oshkosh Corporation (NYSE:OSK) is engaged in designing, manufacturing, and servicing heavy-duty specialty vehicles and equipment used throughout several industrial sectors. While we acknowledge the potential of OSK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
12-07-2025
- Business
- Yahoo
Wolfe Research Upgrades C.H. Robinson Worldwide (CHRW) Stock to Outperform
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is one of the Top 10 Transportation and Industrial Stocks to Buy Now. Wolfe Research upgraded the company's stock to 'Outperform' from 'Peer Perform' with a price objective of $112, as reported by The Fly. The firm acknowledged potential EPS risk in Q2 2025, mainly because of weaker Forwarding results. However, the firm highlighted that C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) forms part of a small group of stocks where the estimates surpass the consensus forecasts for calendar year 2026. This reflects healthier long-term performance potential than being recognized by the market currently. A long line of tractor trailers transporting products across the highway. Furthermore, Wolfe Research's analyst noted that as investor focus starts to shift towards 2026 performance over the upcoming months, C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)'s valuation tends to be attractive on an absolute and relative basis. In Q1 2025, C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)'s gross profits rose 1.5% to $657.4 million. The adjusted gross profits increased 2.3% to $673.1 million, mainly because of increased adjusted gross profit per transaction in the company's truckload and LTL services. In order to support companies in dealing with volatility in the world economy, C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is opening industry-leading Item-level Solutions to all its customers. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is engaged in providing freight transportation and related logistics and supply chain services. While we acknowledge the potential of CHRW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-07-2025
- Business
- Yahoo
Baird Resumes Coverage of Union Pacific (UNP) Stock With a Neutral Rating
Union Pacific Corporation (NYSE:UNP) is one of the Top 10 Transportation and Industrial Stocks to Buy Now. Baird resumed coverage of the company's stock with a 'Neutral' rating and a price objective of $231, as reported by The Fly. The firm is resuming coverage on the broader trucking, logistics, and rail sectors and has a constructive, but balanced view of the near-term headwinds, risks, and earnings prospects. Furthermore, the firm's analyst highlighted that the conditions that typically precede a turn are largely in place. However, how the remainder of 2025 unfolds is still uncertain. An intermodal container train winding through a rural landscape. In Q1 2025, Union Pacific Corporation (NYSE:UNP)'s operating revenue came in at $6.0 billion, which remained flat on 7% volume growth, while strong core pricing gains were offset by business mix, reduced fuel surcharge revenue, lower other revenue, as well as impact from the leap year. Freight revenue of $5.7 billion rose 1% despite a ~$70 million impact of having one less day in the quarter. Talking about the freight revenue drivers, Union Pacific Corporation (NYSE:UNP)'s robust volume growth in Q1 2025 added 650 bps to the freight revenue. Union Pacific Corporation (NYSE:UNP) has affirmed its 2025 outlook. Its 2025 EPS growth is expected to be consistent with attaining its 3-year EPS CAGR view of high single to low double-digit growth. Bretton Capital Management, an investment management company, released its Q4 2024 investor letter. Here is what the fund said: 'The main detractor was Dream Finders, taking 1.5% off the fund, and Union Pacific Corporation (NYSE:UNP) was a minor detractor with a -0.2% impact. The rail industry has seen tepid revenue growth the past few years as higher-revenue coal volume declines and is replaced by lower-revenue intermodal volume sourced from ocean and truck carriers. Despite the growth challenge, Union Pacific managed to cut costs and grow earnings per share by 6%. The stock returned -5%.' While we acknowledge the potential of UNP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
