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Manufacturing bright spot: Pierce Manufacturing Inc.

Pierce QuantumPierce Manufacturing is a member of the family of Oshkosh Corporation (NYSE: OSK), formerly the Oshkosh Truck Corporation. For the second month in a row, Pierce Manufacturing has announced another major equipment building contract.

In October, Pierce Mfg. announced that it had been awarded a $10.7 million contract to provide 68 fire rescue vehicles for the United States Army. This time around, the new contract is not quite as large, but it comes from a first time customer, the city of Phoenix, Arizona. The company issued a news release about this new contract for nine new fire rescue vehicles yesterday.

Representatives for the Phoenix Fire department put the Pierce Quantum pumpers through rigorous testing. The Quantum designation, which refers to the vehicle's chassis design, was met with full approval. The unit proved itself particularly well in regard to the aspects of ride and vehicle control. John Simmons, acting division chief for fleet management of the Phoenix Fire Department, indicated that those features were an important focus for his committee, and that they were duly impressed.

The nine units to be delivered will be customized to serve the Phoenix department's particular needs. The Phoenix Fire Department operates 53 fire stations and protects 1.47 million citizens in our nation's fifth largest city.

Disclosure: My brother is an electronic component installer, employed by Pierce Manufacturing.

Market highlights for next week: Home Depot (HD), Macy's (M) to report

Monday August 13
Tuesday August 14
  • The Home Depot Inc (NYSE: HD) to report Q2 earnings; conference call at 9am. Home Depot is expected to post substantial Q2 revenue/EPS declines, but equally important will be the company's comments: with the housing sector expected to remain sluggish through at least late 2007, analysts will evaluate whether HD can overcome that headwind with a new focus on customer service, demographic trends that suggest increased home repair/remodeling, and 20-year high homeownership rates that suggest steady house goods demand.
  • District Court California: Broadcom Corporation (NASDAQ: BRCM) to request an injunction related to Qualcom Incorporated's (Nasdaq: QCOM) infringement of 3 Broadcom cellular baseband patents.
Wednesday August 15
  • Macy's Inc (NYSE: M) to report Q2 earnings; conference call at 10:30am.
  • PDUFA date for GPC Biotech's (NASDAQ: GPCB) Satraplatin for treatment of hormone refractory prostate cancer.
Thursday August 16
  • JC Penney Co Inc (NYSE: JCP) to report Q2 earnings; conference call at 9:30am.
  • Hewlett Packard Company (NYSE: HPQ) to report Q3 earnings; conference call at 5pm. Analysts will evaluate HPQ's ability to maintain momentum in its innovative imaging/printing group, which is expected to help HPQ post solid Q3 revenue gains.
Friday August 17

Symbol Lookup
IndexesChangePrice
DJIA+20.0310,246.97
NASDAQ-2.982,151.08
S&P 500-0.071,093.01

Last updated: November 11, 2009: 04:22 AM

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