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December 13, 2012
18:54 EDTUTX, PAY, SZYM, CYTX, ZQK, ADBE, NIHD, NUVAOn The Fly: After Hours Movers
UP AFTER EARNINGS: Adobe (ADBE), up 6%... ALSO HIGHER: Solazyme (SZYM), up 10% after filing a $30M mixed securities shelf... NuVasive (NUVA), up 3% after releasing $62.5M from escrow following court ruling... DOWN AFTER EARNINGS: Quicksilver (ZQK), down 16%... VeriFone Systems (PAY), down 6%... ALSO LOWER: NII Holdings (NIHD), down 6% after naming an interim CEO... Cytori Therapeutics (CYTX), down 12% after proposing a common stock offering... United Technologies (UTX), down 1% after providing FY12, FY13 EPS guidance.
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November 25, 2015
17:43 EDTUTXPratt & Whitney awarded $214.6M government contract modification
United Technologies, Pratt & Whitney, Military Engines, is being awarded a $214.6M modification to a previously awarded fixed-price-incentive-firm, cost-plus-incentive-fee contract for Low Rate Initial Production, or LRIP, Lot 10 annualized sustainment in support of the F-35 Joint Strike Fighter aircraft for the U.S Navy, U.S Air Force, U.S. Marine Corps, Non -U.S. Department of Defense (DoD) participants and foreign military sales customers. This effort includes support services for LRIP 10 propulsion systems as well as hardware and training course material and equipment. Work is expected to be completed in April 2019. FY16 aircraft procurement funds; FY16 operations and maintenance funds; non-U.S. DoD participants and foreign military sales funds in the amount of $214.6M are being obligated on this award, none of which will expire at the end of the current fiscal year. This contract combines purchases for the U.S. Air Force; U.S. Marine Corps; the U.S. Navy; international partners; and foreign military sales customers under the Foreign Military Sales program. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.
10:04 EDTPAYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Carnival (CCL) initiated with a Buy at HSBC... Diversified Restaurant (SAUC) initiated with a Neutral at Citi... Lennox (LII) initiated with a Hold at Stifel... Lindblad Expeditions (LIND) initiated with a Buy at Citi... (NTES) initiated with a Buy at Goldman... Noodles & Company (NDLS) initiated with a Buy at Citi... NuStar GP Holdings (NSH) initiated with an Equal Weight at Barclays... Regal-Beloit (RBC) initiated with a Hold at Stifel... Roper Technologies (ROP) initiated with a Buy at Stifel... Ruth's Hospitality (RUTH) initiated with a Neutral at Citi... SPX FLOW (FLOW) initiated with an Equal Weight at Morgan Stanley... SemGroup (SEMG) initiated with an Overweight at Barclays... Verifone (PAY) initiated with an Overweight at Piper Jaffray... Watsco (WSO) initiated with a Buy at Stifel.
06:58 EDTPAYVerifone initiated with an Overweight at Piper Jaffray
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November 23, 2015
12:26 EDTUTXCredit Suisse removes General Electric from focus list after recent run-up
Shares of global industrial giant General Electric (GE) are lower in afternoon trading after Credit Suisse's Investment Policy Committee removed the company's shares from the U.S. Focus List. WHAT'S NEW: In a note to investors this morning, Credit Suisse analyst Julian Mitchel and team noted that the firm's Investment Policy Committee removed GE shares from the U.S. focus list after the recent upward move in shares. The firm, which added GE shares to its Focus List on September 16, said the catalysts that it highlighted at that time are now largely reflected in the share price. WHAT'S NOTABLE: Although it removed GE from its U.S. and Global Focus lists, Credit Suisse maintained its Overweight rating on shares and increased its price target to $34 from $31. The firm sees GE as just starting to accelerate measures to drive up its gross margins, whereas its sector peers have already been splitting, spinning off or selling assets to enhance their profit margins higher for years. With GE selling most of its capital intensive and low-to-no growth Capital business while redirecting capital to higher growth and higher margin industrial business, Credit Suisse said shares deserve a higher premium than its peers Honeywell (HON) and United Technologies (UTX). PRICE ACTION: Shares of General Electric are down 0.65% to $30.46 in midday trading.
November 16, 2015
07:50 EDTADBEUBS to hold a conference
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06:32 EDTUTXUnited Technologies reinstated with a Neutral at Credit Suisse
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