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Transportation equipment supplier $GBX said it agreed to acquire a 19.5% ownership stake in Amsted-Maxion Cruzeiro for $10MM. Based in Cruzeiro, Brazil, Amsted-Maxion Cruzeiro is a manufacturer of castings and components for railcars and other heavy equipment owned 50/50 by Amsted Rail Company.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?