On Wednesday, Shares of General Electric Company (NYSE:GE), gained 3.18% to $24.01.
The outdoor products industry, which comprises lawn, garden and agriculture equipment, is experiencing healthy growth, according to dealer performance data from Commercial Distribution Finance (CDF), a business of GE Capital. CDF dealer financing volume is up over 12% through June, indicating dealers are ordering more product to meet increasing demand. Dealer inventory turnover is running at a strong annual rate of over 2.5X.
“Although parts of the country are experiencing drought conditions, there has been sufficient rainfall this spring and early summer to assist propel sales in the lawn and garden and agriculture categories,” said Mike Horak, president of CDF’s outdoor products group. “Additionally, manufacturers have launched an array of new products that is assisting to drive sales, and dealers are doing an excellent job managing their inventory, which is always tough in a seasonal business influenced by weather.”
CDF customers have access to an online inventory administration tool, COMS, which gives them detailed information on their inventory. This tool also provides insights about particular products so they can easily see which products are selling.
“We’ve worked closely with our customers to develop custom financing solutions to assist them be successful,” said Horak. “Based on the first half of the year, we expect the growth will continue and most dealers will have an overall successful year.”
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Oil prices climbed by around $1 a barrel on Thursday on an unpredictable fall in U.S. crude inventories and a rally in global equity markets, although ongoing oversupply capped gains, according to Reuters.
Oil markets moved away from 2009 lows reached earlier this week, although high production around the world and a weakening Asian demand outlook still dragged on prices. Reuters Reports
Front-month Brent LCOc1, the global oil benchmark, was up $1.16, or 2.67 percent, at $44.30 a barrel by 0636 GMT (2.36 a.m. EDT). U.S. crude’s front-month contract CLc1 was up $1.11 at $39.71 a barrel. Reuters added.
Shares of Cabot Oil & Gas Corporation (NYSE:COG), inclined 1.74% to $21.67, during its last trading session, hitting its lowest level.
In the latest research report, Imperial Capital lowers the target price from $35 per share to $33 per share on the shares. According to the information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on July 28, 2015.
Cabot Oil & Gas Corporation, an independent oil and gas company, develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the United States.
Finally, Atmel Corporation (NASDAQ:ATML), ended its last trade with 4.72% gain, and closed at $7.76.
Atmel Corporation declared that Steven Laub, the Company’s Chief Executive Officer, agreed to a Board of Directors’ request to extend his retirement date to facilitate the completion of an ongoing planned evaluation process. The Company does not intend to make further public declarations regarding the status of the evaluation process until it is accomplished, and there can be no assurance as to its outcome or timing.
Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit products primarily in the United States, Asia, Europe, South Africa, and Central and South America. It operates in four segments: Microcontroller, Nonvolatile Memory, Automotive, and Multi-Market and other.
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