Buffett Bets 'All In' On U.S., Coal With $44 Bil Railroad Buy Nov 4, 2009
Demand for core capital goods, a gauge of business investment plans, also rose. Yet factory orders were still 17. (Investors Business Daily)
Factory orders pick up in September Nov 4, 2009
Joshua Shapiro, chief U.S. economist at MFR Inc. in New York, noted that orders for non-defense capital goods excluding aircraft a good proxy for business investment plans posted a solid 1. 8 percent rise in September after two straight declines. (MSNBC -- Business)
Factory orders post fifth increase in six months Nov 4, 2009
Joshua Shapiro, chief U.S. economist at MFR in New York, noted that orders for non-defense capital goods excluding aircraft a good proxy for business investment plans posted a solid 1. 8% rise in September after two straight declines. (USA Today -- Money)
Marcial: Old Dominion, a Trucker for the Long Haul Nov 2, 2009
It primarily provides short-haul services from its network of 206 service centers to destinations in 48 states, transporting within one to five days all types of commodities, including consumer and capital goods. In 2008, Old Dominion's average length of haul was 901 miles. (BusinessWeek)
Net profits up 23%; sales grow 1.5% Nov 2, 2009
But the same was not true for sectors such as capital goods and construction. Auto sales were particularly strong with top firms such as Maruti Suzuki, Tata Motors, Hero Honda and Mreporting over 10% growth in revenues, aided by consumer demand in the run-up to the festival season. (India Times)
Democrats round on Bush over trade gap Nov 1, 2009
Catherine Mann, a professor at Brandeis University, said export figures showed that US makers of capital goods such as heavy machinery were coming into their own in the global economy. Many economists were unsettled by the unexpected slowdown in Decembers exports and downgraded their estimates of economic growth for the fourth quarter from 3. (Yahoo News -- U.S. Budget)
Mid-caps are the flavour of the season Oct 30, 2009
Energy, infrastructure (including capital goods) and financial services continue to dominate the sectoral preferences of the Indian fund managers. With power and infrastructure being the focal point of the countrys economic development, stocks catering to this segment especially in the mid-cap space have become the fund managers hot picks. (India Times)
Goldman Sachs cuts GDP view Oct 29, 2009
"The shipments of capital goods and total durable goods inventories are 00004000 the last major piece of information feeding into tomorrow's preliminary report on GDP growth," they wrote. "Based on this information as well as other data released in the past couple of weeks -- including complete book value inventory data for August -- we now estimate that real GDP rose at a 2.7 per cent annual rate, somewhat less than the 3 per cent annual rate that we had previously thought," they said. (Sydney Morning Herald -- Business)
New home sales fall 3.6% as buyers check out before expiring credit Oct 29, 2009
Non-defense capital goods excluding aircraft, a closely watched proxy for business spending, beat expectations and rose 2% in September after falling 0. 8% the month before. (USA Today -- Money)
Durable goods orders rise 1 percent Oct 29, 2009
Orders for non-defense capital goods, considered a good proxy for businesses' investment plans for new equipment, rose 2 percent, the strongest advance since June. Last month's rise in orders followed a 2. (MSNBC -- Business)
'Correction healthy, Private Banks, IT, Infrastructure long term buys' Oct 29, 2009
Industrials very clearly, the entire infrastructure space if you look at the thrust with regards to the fiscal stimulus package towards infrastructure, capital goods and industrials sector is going to continue to do well. We are starting to see rebound in order flows which is very encouraging and if you look at growth over the longer term that is a sector that would do well and lastly IT. IT is from a valuation standpoint reasonable and as we continue to see the recovery in the BFSI space... (India Times)
* Economic indicators show signs of recovery Oct 28, 2009
Electric power consumption, industrial production, export shipments, imports of capital goods as well as wholesale, retail and food services data all grew, it said. The decline in nonagricultural employment decelerated to 1. (Taipei Times, Taiwan -- World)
Sensex pares losses; Bharti, RIL up Oct 28, 2009
Stocks from oild capital goods led the recovery while banks and realty continued to reel under pressure ... 16 per cent and BSE Capital Goods Index moved 0. (India Times)
Dollar depreciation: Denial or acceptance Oct 23, 2009
Its exporters still flourished when the euro last surged to that level, because demand from Asia and the Middle East for its specialist capital goods proved insensitive to price. France, however, struggled. (The Economist)
Market Watch: Nifty on recovery path; ITC, M&M, TCS up Oct 23, 2009
Indices got support from FMCG, pharma and IT stocks while capital goods space was a little subdued ... BSE Capital Goods Index slipped 0 ... Indices got support from FMCG, pharma and IT stocks while capital goods space was a little subdued. (India Times)
Vital Signs: Stronger Demand Should Boost Economy Oct 23, 2009
Pickups in production and shipments of business equipment by U.S. producers, along with imports of capital goods, suggest a gain in business outlays for equipment and software, the first after six consecutive quarterly declines. Rising starts of single-family homes imply a solid increase outlays by homebuilders, the first in 3 years. (BusinessWeek)
Market Watch: Sensex below 17,000; capital goods, realty down Oct 22, 2009
Sensex below 17,000; capital goods, realty down- Market News-Stocks-Markets-The Economic Times ... Sensex below 17,000; capital goods, realty down22 Oct 2009, 1248 hrs IST, ET Bureau ... 16 per cent. Amongst the sectoral indices, BSE Capital Goods Index was down 1. (India Times)
Sensex down 48 points on profit booking Oct 21, 2009
Stocks of metals, banking and capital goods, which had recorded handsome gains in the recent run-up, attracted profit-taking. Tata steel fell by 0. (India Times, India)
Jaideep Mishra: Monetary policy Oct 21, 2009
Note that capital goods output in the IIP has begun to considerably decelerate, of late. It is all the more reason for the Reserve Bank of India to policy induce the status quo in interest rates and the cost of funds. (India Times)
Market Watch: Sensex lacklustre; Hindalco, Wipro up Oct 20, 2009
Realty, metals and banks showed strength while oild capital goods lagged behind ... 53 per cent and BSE Capital Goods Index slipped 0. (India Times)
Dull Diwali on Dalal Street Oct 18, 2009
Realty, banking and capital goods sector stocks, which had recorded handsome gains in the last few sessions, were major losers and capped the gains in the key index. It is a ritual among members of the trading community to buy stocks on this day even if in small lots and not to sell in a big way. (India Times, India)
Africa: Mwalimu Nyerere's Ideas On Land Oct 18, 2009
Originally money (M) in possession of a capitalist would be used to buy capital goods (C) and at the end of a cycle of production process the capitalist would have earned more money than originally invested (M1) and hence Marxist formulation of M - C - M1 where M1 is greater than M. Under neoliberalism, because of the shift from economics of production to economics of speculation, money buys money and hence the formulation M - M - M1. This has been part of the gambling (casino capitalism)... (allAfrica.com)
David Rhodes, Head, Banking and Fin Institutions Practice, Boston Consultancy Group Oct 17, 2009
The governments are hoping that consumer demand and capital goods demand will pick up just when the government needs to rein in the monetary laxity. But that may not happen. (India Times)
Implats says Zimbabwe govt should honour agreements Oct 17, 2009
He did not say what the agreement was but Zimplats, which says it is exempted from paying tax on imported capital goods under a 2001 pact, has feuded with tax authorities demanding payment for imported equipment. "We still have some issues that need resolution by the government, namely obligations under the agreements we signed with the Minister of Mines in 2001," Brown said at the official launch of its Ngezi expansion project, west of Harare. (Business Report, South Africa)
Cheerful outlook for mkts, several cool picks: Geojit BNP Paribas Oct 17, 2009
Well, sector specific if you ask me, I will go in for banking first, infrastructure, capital goods ... So lets bring it down to one stock from banking, one stock from real estate and one stock from capital goods ... I think first capital goods, Lnitely an out performer. (India Times)
Markets more positive than negative over 3-4 months: Bharti AXA Oct 16, 2009
The IIP numbers want you to take a look at capital goods. How would you approach that space. (India Times)
'April 2011 more apt for GST rollout' Oct 14, 2009
The respondents were divided over extension of GST to products of conspicuous consumption that attract high tax rate, continuation of existing and fresh incentives or the manner in which tax credit will be made available on capital goods. Deolitte points out that to adhere to the April 2010 deadline, the government would need to mobilise its infrastructure in an unprecedented way to undertake internal re-organisation of roles and responsibilities, develop business process and audit manuals,... (India Times)
Comment: Industry On A High... Oct 14, 2009
With 14 of 17 industry groups on the uptrend, intermediate, basic, consumer and capital goods have all expanded ... The performance of capital goods may not be as impressive but does indicate that industry, hit badly last year by the credit crunch and fall in exports, is making investments. (India Times, India)
Industrial growth surges to 10.4% Oct 13, 2009
Strong performance by the consumer durables and the capital goods sectors were mainly responsible for the growth in IIP, which was also flattered by a depressed number in the year-earlier period ... The capital goods sector, which grew 8. (India Times)
Democrats round on Bush over trade gap Oct 13, 2009
Catherine Mann, a professor at Brandeis University, said export figures showed that US makers of capital goods such as heavy machinery were coming into their own in the global economy. Many economists were unsettled by the unexpected slowdown in Decembers exports and downgraded their estimates of economic growth for the fourth quarter from 3. (Yahoo News -- U.S. Budget)
Catch Them Young: ETIG's 100 Fastest Growing Companies Oct 12, 2009
Some of the sectors to which these companies belong are capital goods, cement, pharmaceuticals and metals among others. Topping the list are capital goods and cement sector with 14 and 10 companies, respectively. (India Times)
D-St Preview Oct 10, 2009
Among sectors, banking, pharma and capital goods stock are looking attractive at this stage and deserve to be bought on dip from an investment view, the brokerage added. The trend is on the upside but markets are trading at the higher band of the range from where a short correction is due. (India Times)
August Trade Deficit Registers a Surprise Drop Oct 10, 2009
Meanwhile, capital goods exports slid by $1 ... Imports of foreign-made consumer goods fell $705 million, food and feed imports declined $130 million, and purchases of capital goods were down $65 million. (SmartMoney)
Asian Stocks Rise but Japanese Data Tempers Gains Oct 9, 2009
"There are concerns about the strength of global demand for capital goods. This is weighing on sentiment.". Tokyo's benchmark Nikkei 225 index added 132. (ABC News -- Wire)
I-Believe-in-a-Strong-Dollar Refrain Becomes Relic as China Begs Stability Oct 8, 2009
6 billion in April, the most recent data show, led by sales of capital goods including cars, civilian aircraft and computers, as well as stronger demand for industrial supplies and consumer goods. The Washington theory is that dollar weakness will benefit the U.S. by inflating our way out of debt and causing more exports, Encimas Malpass said in a Sept. 25 note to clients. (Bloomberg)
* Exports show indications of recovery Oct 8, 2009
The import of capital goods rose to a 12-month high of US$2. 36 billion as the private sector showed willingness to invest and expand, Lin said. (Taipei Times, Taiwan -- World)
Market Watch: Sensex bounces back; HUL, Tata Motors gain Oct 8, 2009
48 per cent and BSE Capital Goods Index declined 0. 22 per cent.. (India Times)
'Strong dollar' pledges discounted Oct 8, 2009
6 billion in April, the most recent data show, led by sales of capital goods including cars, civilian aircraft and computers, as well as stronger demand for industrial supplies and consumer goods. The Washington theory is that dollar weakness will benefit the US by inflating our way out of debt and causing more exports,'' Encima's Malpass said in a Sept. 25 note to clients. (Sydney Morning Herald -- Business)
Unitech, Hindustan Oil, can give trading bounce: Modern Shares Oct 7, 2009
Some of the stocks that did show some momentum yesterday, some new stocks, BHEL, L have not really participated are getting attention, I mean people are now looking at the capital goods sector. The other one Reliance Infra has been mentioned, I think that probably above Rs 1285 is heading to about Rs 1340, that is again a new stock that has not really done much but I will go the other way around on IT.. (India Times)
Sensex pares gains; IT, auto down Oct 7, 2009
IT and auto stocks were under pressure while metals and capital goods showed resistance ... 73 per cent higher, BSE Capital Goods Index advanced 1. (India Times)
Sensex surges 162 pts, regains 17k level on global cues Oct 7, 2009
95 per cent in opening trade with stocks of metals, auto, realty, capital goods and FMCG sectors leading the rally. The BSE barometer had gained 92. (India Times, India -- Intl Business)
Market Watch: Nifty slips below 4940; realty, IT drag Oct 6, 2009
49 per cent and BSE Capital Goods Index was down 1. 46 per cent. Bharti Airtel (-11. (India Times)
Brazil's Output Rose for Eighth Month as Job Growth, Low Rates Spur Demand Oct 4, 2009
1 percent in August from July, production of capital goods expanded 0. 4 percent, the said. (Bloomberg -- Latin America)
India cut import bill by third Oct 4, 2009
India's import of principal commodities include petroleum, capital goods, precious stones. Read business stories in. (India Times)
Trade shrinks for 11th mth in a row Oct 2, 2009
Declining imports is not good for an economy like ours which imports a lot of capital goods and raw materials as it indicates continued slowdown, a fall in demand and low production, a government official who did not want to be identified said. The latest data comes amid commerce and industry minister Anand Sharmas assertion that early trade estimates pointed to some turnaround. (India Times)
Vital Signs: Wider Trade Gap Could Hurt Growth Oct 2, 2009
Exports of industrial materials and capital goods account for most of the recent growth. The September index of export orders from the Institute for Supply Management remained a high level, consistent with solid export growth. (BusinessWeek)
Stocks of fundamentally strong cos during corrective phase Sep 30, 2009
As the table indicates, most of these volatile stocks belong to cyclical and high growth sector including metals, automobiles, financial services and capital goods among others. As the revenue and profitability of these companies vary widely during a business cycle, their share price shows sharp and sudden reversal depending on the mood on the Dalal Street. (India Times)
Drop in durable orders outweighs growing confidence Sep 26, 2009
Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending, unexpectedly fell 0 ... Analysts polled by Reuters had expected core capital goods to increase 1. (USA Today -- Money)
Economic data signals bumpy recovery for US Sep 26, 2009
A category known as core capital goods, a gauge of business spending on machinery and computer equipment, fell 0. 4 percent, its second straight drop. (Boston Globe)
Stocks Fall on Mixed Economic News Sep 26, 2009
Excluding aircraft, nondefense capital goods orders dropped 0. 4%, their second consecutive decline. (BusinessWeek)
Eurozone industrial new orders rise in July Sep 24, 2009
Capital goods were up by 2. 9 percent in the euro zone, but fell by 1. (Xinhuanet, China)
India Inc borrowing dips to $1 billion Sep 23, 2009
The ECB data for August showed that most of the companies raised overseas funds for import of capital goods, modernisation, projects, among other things. Out of USD one billion, Tata Teleservices borrowed USD 300 million through automatic route for import of capital goods, while Petronet LNG mopped up the same amount for modernisation and projects. (India Times)
Economics focus: Measuring what matters Sep 23, 2009
It takes no account of the depreciation of capital goods, and so overstates the value of production. Moreover, the value of production is based on market prices, but not everything has a price. (The Economist)
Leading indicators rise a fifth month Sep 22, 2009
The Conference Board estimates new orders for consumer goods, bookings for capital goods, and the money supply, adjusted for inflation. The Conference Board s index of coincident indicators, a gauge of current economic activity, was unchanged in August, after increasing 0. (Boston Globe)
U.S. Leading Economic Index Probably Rose a Fifth Straight Month in August Sep 21, 2009
The Conference Board estimates new orders for consumer goods, bookings for capital goods, and the money supply adjusted for inflation. Bloomberg Survey. (Bloomberg -- US)
Nifty hits 5,000 level after 16 months Sep 17, 2009
"Sectorally it would be wise to buy into defensive stocks. Capital goods and Cement sector has not participated in this entire rally and going forward we could see these sectors accelerating. Markets are totally driven by liquidity which is keeping the momentum going, once the liquidity fizzle out then we could see some slowdown and sideway movements. In the short run 4,990 will act as a strong resistance area from where we could see some selling pressure emerging and it would be very important... (India Times, India)
Sensex climbs 125 points, Nifty near 5,000 mark Sep 17, 2009
MUMBAI: The Bombay Stock Exchange benchmark Sensex rose by 125 points in opening trade today on buying in metals and capital goods sector stocks by foreign funds on firming trends in global markets ... 49 points with metals, banking, IT and capital goods stocks leading the rally ... The Sensex rose by 125 points in opening trade today on buying in metals and capital goods sector stocks by foreign funds on firming trends in global markets. (India Times, India -- Intl Business)
Three-Day Rally Brings GE Stock Into Black for '09 Sep 17, 2009
GE shares have risen about 15 percent over the past month, outperforming the 2 percent rise of the blue chip Dow Jones industrial average and the 8 percent rise of the Standard s capital goods index. The shares are still down about 35 percent over the past year, a deeper slide than the 11 percent decline of the Dow. (ABC News -- Wire)
Why do we invest in equities? Sep 15, 2009
We made a portfolio of 20 leading stocks from various sectors, equally divided between cyclical or growth sectors such as capital goods, construction, cement and metals and defensive sectors such as FMCG, healthcare and IT services. Some of the stocks in our portfolio include ACC, BHEL, BOSCH, Cipla, Dabur, Grasim, Hindustan Unilever, HDFC, ITC, GSK Pharma, Indian Hotels, Infosys, Ltle, Reliance Industries, State Bank of India, Tata Steel and Tata Tea among others. (India Times)
'Advance-Decline needs to get better' Sep 15, 2009
Also, the capital goods stock ABB can be looked at. I think this whole sector, maybe the IIP numbers is the reason why this sector has underperformed, be it a BHEL, Larsen o ABB, none of them are hitting 52-week highs even while the market is doing it. (India Times)
'Construction, capital goods, auto ancillaries looking attractive' Sep 15, 2009
Construction, capital goods, auto ancillaries, midcap IT looking attractive: Yogesh Kalwani, BNP Paribas- Interviews-Opinion-The Economic Times ... Construction, capital goods, auto ancillaries, midcap IT looking attractive: Yogesh Kalwani, BNP Paribas15 Sep 2009, 1256 hrs IST, ET Now ... In mid-caps we have a clear bottom up approach, so there will be select companies in various sectors but what we prefer is construction and capital goods. (India Times)
Birla MF upbeat on auto, infra, IT Sep 13, 2009
However, the capital goods space would take some time to kick-off as companies had put off their capex because of the economic downturn. "Hence orders have not been flowing in and there has been no revenue growth in the last two-three quarters," the Birla MF official said. (India Times)
Keep a tab on market cycle Sep 13, 2009
The rally in the capital goods sector starts right after technology stocks. During the last stage of the bull market, basic industries and energy stocks start outperforming others. (India Times)
U.S. Trade Gap Widens on Record Import Surge Sep 11, 2009
Goods exports had their best showing since December, led by increases for autos and auto parts and capital goods. U.S. exports to Mexico were the highest since November 2008, although shipments to the European Union were the lowest since July 2006. (ABC News -- Business)
Industry on revival path, IIP up at 6.8 pc Sep 11, 2009
Only capital goods sector performed dismally clocking a mere 2 per cent growth against a whopping 17. 9 per cent the year ago period. (India Times)
