Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Epiroc"


8 mentions found


Stanley Black & Decker reported mixed fourth-quarter results Thursday but beat expectations on the metrics that matter most to our investment thesis — evidence the toolmaker's turnaround strategy is working to plan. Bottom line The roughly 4% decline in Stanley Black & Decker is overdone, giving investors a chance to buy a stock that is poised to benefit from the Federal Reserve likely lowering interest rates later this year . "I would take action on Stanley Black & Decker," Jim Cramer said Thursday. Guidance Stanley Black & Decker expects organic revenue in 2024 to be approximately unchanged year over year at this midpoint of its guidance. A worker assembles steel tool chests at a Stanley Black & Decker Inc. Craftsman Tools manufacturing facility in Sedalia, Missouri, U.S., on Tuesday, July 17, 2018.
Persons: Stanley Black, Decker, Jim Cramer, Stanley, Patrick Hallinan, Hallinan, Jim Cramer's, Jim Organizations: Revenue, LSEG, Federal, Stanley, Management, Wall Street, FactSet, Industrial, Stanley Infrastructure, Epiroc, Mizuho Securities, CNBC, Decker Inc, Tools, Bloomberg, Getty Locations: Sedalia , Missouri, U.S
"The macro backdrop remains uncertain … That said, we see scope for alpha opportunities with returns dispersion across sectors," Goldman's analysts, led by John Sawtell, wrote in a Mar. Out-of-consensus buys The bank identified a raft of out-of-consensus stock picks, where each stock is rated "buy" by fewer than 50% of analysts covering them. Goldman gives Deutsche Bank potential upside of 114%. UBS , which recently swooped in with a rescue deal for embattled Credit Suisse, is also on Goldman's screen, with potential upside of 104%. The bank gave British telecommunications firm BT Group potential upside of 101%.
David Souccar and Daniel Kranson, portfolio managers focused on global equities at Vontobel Quality Growth — which manages $24 billion in assets — are following the same philosophy. But they believe that investors can still find innovative and growth-oriented companies when they go looking for high-quality stocks. That may seem counterintuitive, since growth stocks have recently struggled against their value peers as investors have reemphasized fundamentals. Boring stocks can be the most innovativeSometimes, quality growth stocks like the ones Souccar and Kranson invest in can be more boring than companies with high speculation and flashy CEOs. So as life goes back to normal, there is going to be an acceleration of earnings growth," Souccar said.
And Wall Street is calling Europe a better bet than the U.S. right now . "The region also remains cheap and under-owned unlike the U.S." Amid this bullishness on Europe, however, a number of investment banks have named stocks in the region they think investors should avoid. Underweight stocks One such stock is Danish shipping firm Maersk , which is on Barclays' list of underweight stock calls for the first quarter of 2023. Barclays' price target of 140 Swedish krona ($13.50) on the stock suggests the stock has potential downside of almost 25% to its Jan. 30 closing price. The bank has ascribed a price target of 145 Swedish Krona on the stock, which implies potential downside of 30%.
Glass highlighted three copper or copper-related stocks that could get a boost from the weaker dollar. Glass also named Chilean copper mining group Antofagasta , and metals and mining firm Boliden. "There just has not been enough investment in copper," Glass told CNBC's "Street Signs Asia" on Tuesday. Glass isn't the only one bullish on copper. Three-month copper on the London Metal Exchange was trading around $9,418 a metric ton on Wednesday, up from around $8,000 a metric ton in November.
The outlook for the global mining industry is strong going into 2023, aided by higher commodity prices, Denise Johnson, group president at Caterpillar , told CNBC. Palladium, copper and gold prices are hitting new highs this week as investors eye China's reopening and anticipate a recovery in demand for these commodities. U.S. industrial names that could get a lift from miners' increased capex spend include Caterpillar and Kennametal , according to Jefferies. International names that may also benefit include Komatsu, Hitachi Construction Machinery, Weir Group, Epiroc and Sandvik, the firm noted. Bank of America analysts upgraded Caterpillar to a buy rating on Friday, citing China's reopening and increased infrastructure spending.
The yield curve is already signaling that a recession could be on the horizon. I think that's pretty clear," fund manager Steven Glass told CNBC's "Street Signs Asia" Monday. So, we think the bond market suggests that could likely be a recession in probably the next year," Glass added. An inverted yield curve occurs when interest rates on shorter-term U.S. Treasury bonds are higher than longer-term ones. With inflation likely to remain higher-for-longer in the near term and companies facing earnings pressure, Glass said he is focusing on companies with earnings visibility.
[1/3] A LHD electric loader is charged inside the Codelco El Teniente copper mine, the world's largest underground copper mine, near Rancagua, Chile, November 16, 2022. REUTERS/Natalia RamosEL TENIENTE MINE, Chile, Nov 16 (Reuters) - A huge fully electric-powered 14-ton loading shovel has begun operating at Chile's century-old El Teniente copper mine, in what state miner Codelco (COBRE.UL) said on Wednesday was a first for South America. Codelco, the world's largest copper producer, said the equipment the loader and hauler, developed by Swedish manufacturer Epiroc (EPIRa.ST) is the first 100% electric machinery of its kind to operate in the region. El Teniente, located in the highlands some 76 kilometers (47 miles) southeast of Chile's capital, produced 459,817 metric tons of copper last year. Codelco plans to cut greenhouse gas emissions by 70% by 2030, as it looks to meet targets set by Chile's government in recent years.
Total: 8