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Tag: Oshkosh Stock

  • Why Oshkosh Corp (OSK) is making big gains while Workhorse is on the decline

    Why Oshkosh Corp (OSK) is making big gains while Workhorse is on the decline

    The stock of Oshkosh Corp (OSK) has shown a gain, today. The company grew over 7.94% at $118.32 in pre-market trading today.‎

    Oshkosh corporation which was previously known as Oshkosh Truck is basically an American industrial company which deals with the designing and making of specialty trucks, military vehicles, truck bodies, airport fire apparatus, and access equipment.

    The rise in the stock of OSK took place after they won a multi-billion dollar USPS contract from their rival company i-e Workhorse. The stock of Workhorse declined about 47.5% on Tuesday which was a huge setback but it didn’t stop and another 8.3% loss happened after the extended trade.

    Under this recent development, USPS has given a 10-year contract to OSK. The main goal being assigned to Oshkosh is to manufacture a new generation of US-built Postal delivery vehicles. The initial investment in this contract is about $428M. With this investment, Oshkosh Defense will give the final production design of the next-generation delivery vehicle. The initial investment is also for plant tooling and build-out for the US manufacturing facility where the final assembling of vehicles will take place.  The objective of OSK is to assemble 50k to 165k vehicles over 10 years.

    The new generation vehicles are going to be designed in a way that they will be equipped with either fuel-efficient internal combustion engines or battery electric power trains. This put more emphasis on how this contract will give a boost to the company. 

    Finally,

    This contract is not the final step rather it is the first part of a multi-billion-dollar 10-year effort to replace the postal delivery vehicle fleet. It will be highly effective for the company and its stand in the market.

  • Early Morning Vibes: Check Out These 4 hot Stocks Right Now

    On January 11, American stock markets closed in the red. The S & P500 index fell 0.66% to 3800 points, the Dow Jones lost 0.29%, the NASDAQ fell 1.25%. There were no new drivers for the movement, the correction was due to the fixation of positions after reaching historic highs the day before. The finance sector looked stronger than the broader market, climbing 0.43%. Investors are awaiting the release of positive quarterly reports from a number of major banks later this week.

    Corporate News

    Twitter (TWTR: -6.4%) permanently blocked Donald Trump’s account. Almost half of the active audience of the social network was subscribed to it.

    Pharmaceutical giant Ely Lilly (LLY: + 11.7%) has published positive results from a Phase II trial of an Alzheimer’s slowing drug.

    Electric car manufacturer NIO (NIO: + 6.4%) unveiled the new ET7 sedan and batteries. In addition, the company announced a collaboration with Nvidia (NVDA: + 2.6%) to develop autonomous driving technology.

    Today, global stock markets are showing mixed dynamics. The main topic of discussion remains the draft stimulus package that Joe Biden will present this Thursday. The volume of the program will exceed $ 1 trillion and may reach $ 2-3 trillion. Hope for its adoption determines the relative stability of the broad market index. Further dynamics of investor sentiment will depend on the details of Biden’s plan. There is no doubt that the President-elect will try to make the program comprehensive in order to meet the expectations of the electorate. Large-scale stimulation of the economy was the main point of Biden’s election program. Nevertheless, investors’ expectations are already quite high. The S&P 500 is at historic highs. Talk of excessive investor optimism is increasingly broadcast in the business media.

    Today there will be speeches by several representatives of the FRS, who can clarify the plan for changing the parameters of the quantitative easing program. The Fed’s inflation and unemployment expectations are also receiving increased attention, as they have a direct impact on Treasury yields.

    Sentiment Index

    The Freedom Finance Sentiment Index climbed to 60 out of 100. The index reflects market participants’ hope for a global economic recovery in 2021. Worries about the negative impact of the coronavirus pandemic continue to decline thanks to the prospect of mass vaccinations.

    Technical picture

    Technically, the S&P 500 is showing a strong uptrend, but the risk of a correction is increasing. The broad market index tested the upper border of the equidistant channel in the 3825-3830 area yesterday, where it encountered strong resistance. The RSI indicator remains close to the overbought zone, which limits the upside potential from current levels. If a corrective movement develops, the first significant target will be the level of 3700 points.

    Today Top Movers

    Naked Brand Group Ltd (NAKD), an apparel manufacturing company, soared about 7.71% ‎at $0.44 in pre-market trading Tuesday.

    ‎US Well Services Inc (USWS) share price gained 75.02% to $0.91during early morning ‎trading session on Tuesday after declaring that it has finalized an extension of its contract to provide electric hydraulic fracturing services for Range Resources in the Appalachian Basin.

    ‎T2 Biosystms Inc (TTOO) stock ascended 43.12% at $2.29 in the pre-market trading today following the announcement from the company that its T2SARS-CoV-2™ Panel is capable of detecting the multiple variants of the SARS-CoV-2 virus most recently identified in the United Kingdom, South Africa, and the United States.‎

    ‎Lion Group Holding Ltd (LGHL) surged over 19.05% at $4.75 in pre-market ‎trading on Tuesday after the company revealed that Mr. Guandong Wang has been appointed as a director of the Board of Directors on January 6, 2021.‎

    Top Upgrades & Downgrades

    Citigroup turned bullish on NOV Inc. (NOV), upgrading the stock to “Buy” and assigning a $18.0 price target, representing potential upside of 17.23% from Monday’s close.

    Commvault Systems Inc. (CVLT) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $68.0, suggesting 20.5% additional upside for the stock.

    Oshkosh Corporation (OSK) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $117.0. They changed their rating on OSK to Outperform from Neutral in a recently issued research note.

    Earlier Tuesday KeyBanc reduced its rating on WEC Energy Group Inc. (WEC) stock to Sector Weight from Overweight.

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Schnitzer Steel Industries Inc. (SCHN) has been changed to Sector Weight from Overweight.

    Analysts at KeyBanc downgraded American Electric Power Company Inc. (AEP)’s stock to Sector Weight from Overweight Tuesday.

    Latest Insider Activity

    Marathon Patent Group Inc. (MARA) Chief Executive Officer OKAMOTO MERRICK D announced the sale of shares taking place on Jan 07 at $20.51 for some 632,000 shares. The total came to more than $12.96 million.

    Moderna Inc. (MRNA) Chief Executive Officer Bancel Stephane sold on Jan 08 a total 220,936 shares at $114.02 on average. The insider’s sale generated proceeds of almost $1.26 million.

    PBF Energy Inc. (PBF) Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital declared the purchase of shares taking place on Dec 28 at $6.87 for some 40,000 shares. The transaction amount was around $0.27 million.

    Party City Holdco Inc. (PRTY) 10% Owner SOSIN CLIFFORD bought on Jan 05 a total 15,986,623 shares at $6.63 on average. The purchase cost the insider an estimated $2.1 million.

    Important Earnings

    Top US earnings releases scheduled for today include KB Home (NYSE:KBH). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.93 per share from revenues of $1.14B in the three-month period.

    Analysts expect BGC Partners Inc. (NASDAQ:BGCP) to report a net income (adjusted) of $0.11 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $460.45M.

    EXFO Inc. (EXFO), due to announce earnings after the market closes today, is expected to report earnings of $0.03 per share from revenues of $70.89M recently concluded three-month period.

  • Don’t Miss these 10 Farm & Heavy Construction Machinery Stocks ‎

    Don’t Miss these 10 Farm & Heavy Construction Machinery Stocks ‎

    Companies that produce agriculture and construction machinery, including tractors, ‎planting devices, ‎harvesters, excavators, and machinery and equipment associated with ‎agriculture and construction, ‎are in the farm & heavy construction equipment industry. This ‎would often involve transportation ‎companies providing both local and long-distance ‎trucking and transfer services with freight and ‎passenger supplies.‎
    ‎ The following stocks are the best performers in Farm & Heavy Construction Machinery.‎‎

    AGCO Corporation (NYSE:AGCO) shares were trading up 3.09% at $102.88 at the ‎time of writing on Friday. The company recently revealed the election of Bob De Lange to its Board of ‎Directors effective January 1, 2021.

    AGCO Corporation (NYSE:AGCO) share price went from a low point around ‎‎$35.33 to briefly over $100.06 in past 52 weeks, though shares have since pulled back to $102.88. AGCO ‎market cap has remained high, hitting $7.48B at the time of writing, giving it price-to-sales ratio of ‎more than 0.

    ‎If we look at the recent analyst rating AGCO, Morgan Stanley upgraded ‎coverage on AGCO shares with an Overweight rating and a $103.53 price target, ‎which implies room for 0.65% upside momentum this year.

    Caterpillar Inc. (CAT) last closed at $180.96, in a 52-week range of $87.50 to ‎‎$183.81. On December 9, 2020, the board of directors of company voted to maintain the quarterly cash ‎dividend of one dollar and three cents ($1.03) per share of common stock, payable on February 19, ‎‎2021 to shareholders of record at the close of business on January 20, 2021. Analysts have a consensus ‎price target of $173.75.

    CNH Industrial N.V. (CNHI) stock soar by 3.17% to $12.06. The company recently ‎reported the early repayment of GBP 600,000,000 commercial paper under the Joint HM Treasury and ‎Bank of England’s Covid Corporate Financing Facility (CCFF) The most recent rating by Deutsche Bank, ‎on December 15, 2020, is at a Buy.

    Deere & Company (NYSE:DE) Shares headed rising, higher as much as 2.33%. ‎The firm lately revealed that it has been honored in the Robotics category of the 2021 CES Innovation ‎Awards, which recognize outstanding product design and engineering in consumer technology ‎products. The most recent rating by Oppenheimer, on December 15, 2020, is at an Outperform.

    Navistar International Corporation (NYSE:NAV) fall -0.09% after losing more ‎than -$0.04 on Friday.

    Oshkosh Corporation (OSK) last closed at $85.75, in a 52-week range of $46.72 ‎to $95.62. On December 4, 2020 the firm declared that it has been named to the 2020 Dow Jones ‎Sustainability World Index (DJSI), highlighting Oshkosh’s commitment to sustainable business ‎practices. Analysts have a consensus price target of $93.41.

    PACCAR Inc (PCAR) stock soar by 0.28% to $86.01. The most recent rating by ‎Morgan Stanley, on December 15, 2020, is at an Equal-weight.

    Terex Corporation (NYSE:TEX) Shares headed falling, lower as much as -1.86%. ‎The company reported on December 14, 2020, that Christopher Rossi has been appointed to the ‎Company’s Board of Directors, effective January 1, 2021. The most recent rating by Stifel, on ‎December 15, 2020, is at a Buy.

    Titan International Inc. (NYSE:TWI) rose 0.46% after gaining more than $0.02 on ‎Friday. The company on December 3, 2020 revealed the completion of the sale of its Brownsville, ‎Texas facility.

    Wabash National Corporation (WNC) last closed at $17.35, in a 52-week range of ‎‎$6.26 to $19.17. On December 16, 2020, the firm reported its intent to sell the Beall brand of tank ‎trailers and associated assets to MAC Trailer Enterprises Inc. Analysts have a consensus price target of ‎‎$18.60.