EmailThe industrials sector is trading +0.8% versus the S&P 500 +0.6%.
In other news: EWZ +0.5% (Brazil related names may lift following Moody's upgrade).
In broker news: KNL +4.1% (Knoll upgraded to Buy from Neutral at Longbow; tgt $23).
DCIX +5.8% Initiated with a Buy at Cantor Fitzgerald
Initiated with a Buy at Jefferies; tgt $12
Initiated with an Outperform at Wells Fargo.
CAT +1.7% (Caterpillar: Hearing upgraded at Raymond James), OSK -0.8%
(Oshkosh Truck downgraded to Sell at The Benchmark Company; tgt lowered to $20),
WLT -2.8% (Walter Energy downgraded to Neutral from Buy at Goldman), BRC -2.9%
(Brady downgraded to Hold from Buy at KeyBanc).
In sector news: HRBN +55.0% (Harbin Electric agrees to enter into merger
agreement to be acquired for $24.00 per share in cash), DCIX +6.5% (Diana
Containerships announces the delivery of the Panamax Container Vessel, m/v
Maersk Merlion; chartered 24 months at a daily rate of $21,450), DPW +2.7%
(Digital Power Corporation announces the acquisition of 8.8% of Telkoor
Telecom), FRPT +1.9% (Force Protection receives $22.48 mln in awards to extend
field service representatives).
TFX +0.8% (Teleflex Resolves FDA Corporate Warning Letter, UAL +1.4% (United
Continental trading modestly lower after the co experienced computer outages
over the weekend that created delays and cancelations nationwide), BA +0.5%
(Boeing and Qatar Airways announce order for Six 777-300ERs; order is valued at
$ 1.7 bln at list prices), GE -0.2% (General Electric releases 2010
ecomagination annual report; R&D investments total nearly $2 bln in 2010), CVVT
-1.0% (China Valves Tech receives $2 mln purchase orders from China Guangdong
Nuclear Power Group and Shanghai Electric) ,LECO -4.9% (Lincoln Electric showing
notable weakness following warning from European peer Charter International).
