Morning Research: Ingersoll-Rand, Gardner Denver, Dresser-Rand, and SPX Corp.
Morning Research: Ingersoll-Rand, Gardner Denver, Dresser-Rand, and SPX Corp. PR Newswire LONDON, July 25, 2013 LONDON, July 25, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. A report released on Wednesday, July 24, 2013, showed that manufacturing activity in the U.S. expanded in July, exceeding analyst expectations. The preliminary reading on Markit's U.S. manufacturing index for the month of July came in at 53.20, up from 51.90 in the previous month. The encouraging manufacturing data follows reports from the prior week which showed that manufacturing activity in the New York and Philadelphia regions has expanded more than forecast in July. The improvement in manufacturing activity augurs well for diversified machinery makers such as Ingersoll-Rand Plc (NYSE: IR), Gardner Devices Inc. (NYSE: GDI), Dresser-Rand Group Inc. (NYSE: DRC), and SPX Corporation (NYSE: SPW). However, shares in diversified machinery makers ended mostly lower on Wednesday, tracking losses in the broader market. AAAResearchReports.com has released full comprehensive research on IR, GDI, DRC, and SPW. These free technical analyses can be downloaded by signing up at: http://www.aaaresearchreports.com/register/ Shares in Ingersoll-Rand Plc edged lower on Wednesday, extending their losses for the week. The company's shares fluctuated between $60.49 and $61.76 before finishing the day 0.77% lower at $60.55. A total of 2.84 million shares were traded which is above the daily average volume of 2.00 million. Ingersoll-Rand's shares have fallen by 3.81% so far this week. Moreover, the stock is currently trading near its 52-week high of $63.35. Download free report on IR upon registration at: http://www.AAAResearchReports.com/IR072513.pdf Gardner Denver Inc.'s shares fluctuated between $75.94 and $75.96 before finishing the day at $75.95, unchanged from its previous closing price. The company's shares have gained 0.01% so far this week. The stock is currently trading near its 52-week high of $76.57 and above its 50-day and 200-day moving averages. GDI technical report can be accessed for free by signing up at: http://www.AAAResearchReports.com/GDI072513.pdf Shares in Dresser-Rand Group Inc. fell sharply on Wednesday, extending their losses for the week. The company's shares fluctuated between $63.24 and $65.42 before finishing the day 1.99% lower at $63.98. A total of 591,757 shares were traded which is above the daily average volume of 546,472. Dresser-Rand's shares have fallen by 4.05% so far this week. Furthermore, the stock is currently trading near its 52-week high of $67.38. The free report on DRC can be downloaded by signing up now at: http://www.AAAResearchReports.com/DRC072513.pdf SPX Corporation's stock slipped on Wednesday, tracking losses in the broader market. The company's shares fluctuated between $74.72 and $75.76 before closing the session 0.57% lower at $75.01. A total of 254,032 shares were traded which is below the daily average volume of 416,124. SPX Corp.'s shares have gained 5.28% in the last one month and 1.78% in the last three months. A free report on SPW can be accessed by registering at: http://www.AAAResearchReports.com/SPW072513.pdf ---- EDITOR NOTES: 1. This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4. 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