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Mid-Day Follow-Up Commentary on Selected Stocks: (NYSE: TEX), (NYSE: BC)


New York, NY -- (ReleaseWire) -- 01/02/2013 --Terex Corp. (NYSE: TEX), a diversified global equipment manufacturer of a range of capital goods machinery products, has risen sharply in trading today, extending its gains from the previous trading session.TEX had risen sharply on Monday after trading sideways for over a week. The stock broke through $27 resistance level on Monday.

In today’s trading, TEX has gained nearly 5% to $29.51 on volume of 1.35 million, which is below the daily average volume of 2.49 million. The stock hit a 52-week high of $30 in trading today.

TEX last week announced that it redeemed approximately $120 million principal amount of its 8% Senior Notes due 2017, which remained outstanding.

Find out how this announcement could affect TEX on the long run by getting the free full report here:

Brunswick Corporation (NYSE: BC), a global designer, manufacturer and marketer of recreation products, are soaring in mid-day trading today following a rating upgrade from BMO Capital Markets. Analysts at BMO Capital Markets upgraded BC from a Market Perform to an Outperform rating. BMO analysts also raised their price target on BC from $25 to $36.

BC is currently trading 4.95% higher at $30.95 on volume of 1.15 million, which is well above the daily average volume of 814,248. BC has gained more than 11% in the last three trading sessions. BC had risen sharply on Monday, breaking through $28 resistance level. The rally has continued in trading today, with technical indicators for the stock pointing to further gains.

Find out how traders and investors should trade BC by getting the free full report here:

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