EmailThe Industrial Sector -1.11% underperforming the S&P 500 -0.98% Trading higher following earnings/guidance: FAST +5.3% Broker Research: UPS -0.97%, UNP -0.62%, KSU -1.5%, CHRW -1%, LUV -0.94%, JBLU -2.2%, resumed with Neutrals at Goldman, CP -0.86%, NSC -0.04%, FDX -1.3%, and CSX -1.1%, resumed with Buys at Goldman, TRN -1.1% initiated with a Buy at Stifel, GBX +0.27% initiated with a Buy at Stifel, RAIL -3% initiated with a Hold at Stifel, ARII -2.6% initiated with a Hold at Stifel, CSIQ +3%, TSL -5%, YGE -3.2%, JASO -3.9% downgraded at Piper Jaffray.
News: FAST +4% increases quarterly dividend 11.8% to $0.19 from $0.17 per share, NAV +1.7% Carl Icahn discloses 13.19% stake in amended 13D filing, up from 11.87% previously reported on 6/8, LMT -0.9% Carl Icahn discloses 13.19% stake in amended 13D filing, up from 11.87% previously reported on 6/8, DAL -0.9% to possibly pay fines as the FAA proposes $987,500 in civil penalties against the co - FAA.gov, LFL -1.2% monthly statistics report for June 2012, PNR -1.1% announces EU clearance for merger with Tyco International's (TYC) flow control business, R -1.2% increases quarterly cash dividend 6.9% to $0.31 from $0.29 per share, HON -1.2% evaluating upgrades to Metropolis Nuclear Conversion Facility; co does not anticipate that any suspension of operations or the cost of plant upgrades will have a negative impact on its previously issued earnings per share guidance range for 2012, ORN -2% provides operations update, PPO -2% comments on Court of Appeals' ruling regarding microporous, AAWW -1.9% awarded one of three U.S. Transportation Command contracts with an overall four-year maximum of ~$2.91 bln, CNH -2.4% forms special committee to evaluate Fiat industrial proposal, and UAL -3% and Boeing (BA) to make 'major announcement'.
