New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For AMZN;BA;CHK;MERU;BIOC;CPNO;KMP;ISIS;MTOR;NOC;PLXT;HNT;CODE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | all recent news | >>
August 2, 2015
16:52 EDTAMZNAlibaba, others invest $500M in India's Amazon.com rival, Re/code says
Subscribe for More Information
16:08 EDTBAIran to buy 80-90 Boeing, Airbus planes per year, IRNA says
Subscribe for More Information
July 31, 2015
17:31 EDTISISIsis Pharmaceuticals cuts stake in Regulus to 5.57%
Subscribe for More Information
16:22 EDTNOCStocks end week higher in U.S. despite selloff in China
Subscribe for More Information
15:33 EDTNOCNorthrop Grumman MADL validated as combat ready with U.S. Marine Corps
Subscribe for More Information
10:31 EDTCHKOptions with decreasing implied volatility
Subscribe for More Information
09:03 EDTAMZNAmazon announces availability of Amazon Acoustics
Subscribe for More Information
July 30, 2015
19:28 EDTBABoeing reassigns exec to fix refueling project in wake of $835M charge, WSJ says
Subscribe for More Information
16:00 EDTCHKOptions Update; July 30, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 16.05. Option volume leaders: AAPL FB SPLS X TWTR BAC NFLX MU CHK BIDU WFM HPQ LNKD MDLZ XOM
13:21 EDTBAAvolon delivers one Boeing 737-800 aircraft to Aeromexico
Subscribe for More Information
10:09 EDTAMZN, CHKOptions with decreasing implied volatility
Subscribe for More Information
July 29, 2015
18:15 EDTAMZNAmazon nears $30M e-book contract with NY Department of Education, CNY says
Subscribe for More Information
17:13 EDTISISIsis announces publication of Phase 2 clinical results from volanesorsen study
Isis Pharmaceuticals and Akcea Therapeutics, its wholly owned subsidiary, announced that the New England Journal of Medicine has published positive clinical results from a Phase 2 clinical study evaluating volanesorsen, formerly ISIS-APOCIIIRx, in patients with very high to severely high triglycerides. This publication follows the December 2014 publication in the New England Journal of Medicine of the positive Phase 2 results from a clinical study of volanesorsen in patients with familial chylomicronemia syndrome. Volanesorsen is part of Isis' lipid franchise, which is being developed and commercialized by Akcea Therapeutics.
17:05 EDTNOCOn The Fly: Top stock stories for Wednesday
Stocks began the session in positive territory but soon turned mixed as the tech heavy Nasdaq was unable to hold its gains. The Federal Reserve's statement that accompanied its rate decision was little changed from its last meeting, keeping investors optimistic about a possible delay in its first interest rate hike in many years. ECONOMIC EVENTS: In the U.S., the Federal Reserve concluded a two-day meeting on monetary policy and kept benchmark interest rates unchanged between 0% and 0.25%, as expected. The Fed said information received since the last time the FOMC met indicates that economic activity has been expanding "moderately" in recent months, noting that the labor market continued to improve, with "solid job gains and declining unemployment." The central bank repeated that even after employment and inflation near "mandate-consistent levels," economic conditions may warrant keeping the target federal funds rate below "normal" levels. An index of pending home sales fell 1.8% in June, versus expectations for it to have risen 1% compared to the prior month. In China, the Shanghai composite index rose 3.4%, stemming its most recent stretch of declines, though the index is still deeply in the red on a week-to-date basis. COMPANY NEWS: Shares of Twitter (TWTR) fell $5.30, or 14.5%, to $31.24 after the company reported better than expected quarterly results but its management tempered expectations about its user growth. Several analysts cut their price targets on the stock and warned its shares may be range bound in the near-term, but maintained their buy ratings on the stock based on the social network operator's long-term potential. Analysts were not as ready to jump to the defense of another Internet stock, Yelp (YELP), which plunged $8.40, or 25.07%, to $25.11 after the local business review site operator reported lower than expected profit and lowered its fiscal year revenue guidance. At least eight research firms downgraded the stock after the company's outlook missed expectations and it announced the exit of brand advertising... Two defense contractors, Northrop Grumman (NOC) and General Dynamics (GD), advanced after each topped expectations with their quarterly reports and raised their fiscal year outlooks. General Dynamics shares gained 3.93% to $149.96 following its "beat and raise" report, while Northrop jumped 6.18% to $173.44. MAJOR MOVERS: Among the notable gainers was Cytec Industries (CYT), which gained 27.04% to $74.19 after agreeing to be acquired by Brussels-based Solvay (SVYZY) for $75.25 per share in cash, corresponding to an enterprise value of $6.4B. Among the noteworthy losers was Tableau Software (DATA), which fell $13.58, or 10.67%, to $113.64 after its earnings report. Cantor Fitzgerald analyst Brian White attributed today's pullback in shares to "very high" expectations going into the quarter, while Wedbush said Tableau's Q2 deceleration was due to difficulty in sustaining its "extraordinarily high" growth rate. Also lower were shares of Medivation (MDVN), which fell $8.77, or 8.39%, to $95.74 after Cowen analyst Eric Schmidt said prescription trends for the company's prostate cancer drug Xtandi have "slowed considerably." Schmidt, who thinks consensus expectations calling for Xtandi sales topping $3B in sales by 2019 are "far too high," recommended selling the shares and lowered his price target on the stock to $77. INDEXES: The Dow rose 121.12, or 0.69%, to 17,751.39, the Nasdaq gained 22.53, or 0.44%, to 5,111.73, and the S&P 500 advanced 15.32, or 0.73%, to 2,108.57.
16:59 EDTHNTHealth Net cancels conference call, webcast
Health Net (HNT) announced that, as a result of the July 2, announcement that Health Net and Centene (CNC) approved a definitive agreement under which Centene will acquire all of the shares of Health Net in a cash and stock transaction valued at approximately $6.8B, including the assumption of approximately $500M of debt, Health Net is cancelling its previously scheduled Q2 earnings conference call and webcast. The call was previously scheduled for August 4, at 12:00 noon Eastern time. Health Net intends to issue a press release reporting the company’s financial results for Q2, as planned, before the market opens on Tuesday, August 4. The company expects to file its Quarterly Report on Form 10-Q for the quarter ended June 30 with the SEC on or about August 5.
16:00 EDTCHKOptions Update; July 29, 2015
Subscribe for More Information
13:59 EDTBABoeing mulls moving operations overseas, Reuters reports
Boeing chairman Jim McNerney said that the company is actively considering moving key parts of the firm overseas amid the ongoing debate in U.S. Congress over the future of the Export-Import Bank, Reuters reports, citing an interview with McNerney hosted by the Economic Club of Washington. McNerney added that Boeing was considering moving certain operations to countries offering export credits, the report says. Reference Link
12:42 EDTNOCOn The Fly: Top stock stories at midday
Stocks on Wall Street overcame a tentative start and are higher at midday ahead of the statement from the Federal Reserve following its latest monetary policy meeting. The pending home sales report showed an unexpected decline from the prior month, reminding investors the economy still isn't seeing the most robust of recoveries. ECONOMIC EVENTS: In the U.S., an index of pending home sales fell 1.8% in June, versus expectations for it to have risen 1% compared to the prior month. The Federal Reserve concludes a meeting on monetary policy today and its post-meeting statement is scheduled to be released at 2 pm EDT. The central bank is not expected to raise rates at this meeting and no post-meeting press conference is scheduled for Fed Chair Janet Yellen. In China, the Shanghai composite index rose 3.4%, stemming its most recent stretch of declines, though the index is still deeply in the red on a week-to-date basis. COMPANY NEWS: Shares of Twitter (TWTR) fell 13% after the company reported better than expected quarterly results but its management tempered expectations about its user growth. Several analysts cut their price targets on the stock and warned its shares may be range bound in the near-term, but maintained their buy ratings on the stock based on the social network operator's long-term potential. MAJOR MOVERS: Among the notable gainers following their earnings reports were hepatitis C drug maker Gilead (GILD), which rose 3%, and two defense contractors who raised their outlooks: Northrop Grumman (NOC), which advanced 7%, and General Dynamics (GD), which gained nearly 5%. Also higher was Citrix Systems (CTXS), which jumped about 10% after issuing better than expected fiscal year earnings guidance, reporting its CEO Mark Templeton plans to retire and entering into a cooperation agreement with activist investor Elliott Management, which owns approximately 7.5% of the company’s common stock. Among the noteworthy losers was Yelp (YELP), which tumbled 28% and hit a multi-year low after the local business review site operator reported lower than expected profit and lowered its fiscal year revenue guidance. Also lower following their earnings reports were Akamai (AKAM), which fell 5%, and Level 3 Communications (LVLT), which dropped 6%. INDEXES: Near midday, the Dow was up 94.46, or 0.54%, to 17,724.73, the Nasdaq was up 6.72, or 0.13%, to 5,095.92, and the S&P 500 was up 9.02, or 0.43%, to 2,102.27.
10:00 EDTAMZNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3D Systems (DDD) upgraded to Neutral from Underperform at Longbow... AK Steel (AKS) upgraded to Outperform from Neutral at Macquarie... Ally Financial (ALLY) upgraded to Outperform from Neutral at Credit Suisse... Amazon.com (AMZN) upgraded to Buy from Hold at Stifel... Arrow Electronics (ARW) upgraded to Buy from Underperform at CLSA... Beacon Roofing (BECN) upgraded to Buy from Neutral at CL King... Citrix (CTXS) upgraded to Outperform at Baird... Commvault (CVLT) upgraded to Buy from Hold at Jefferies... FireEye (FEYE) upgraded on positive checks, business mdoel changes at Oppenheimer... Hibbett Sports (HIBB) upgraded to Neutral from Underperform at Sterne Agee CRT... Integra LifeSciences (IART) upgraded to Outperform at Raymond James... M/A-COM (MTSI) upgraded to Buy from Hold at Needham... Norsk Hydro (NHYDY) upgraded to Neutral from Underperform at Exane BNP Paribas... NuVasive (NUVA) upgraded to Outperform from Market Perform at Northland... SM Energy (SM) upgraded to Outperform from Market Perform at Raymond James... Scorpio Bulkers (SALT) upgraded to Buy from Hold at Deutsche Bank... Sirius XM (SIRI) upgraded to Buy from Hold at Wunderlich... Sprouts Farmers Markets (SFM) upgraded to Neutral from Underperform at Longbow... Supervalu (SVU) upgraded to Equal Weight from Underweight at Morgan Stanley... Waters (WAT) upgraded to Outperform from Market Perform at Wells Fargo... Wells Fargo (WFC) upgraded to Buy from Neutral at Guggenheim... Williams-Sonoma (WSM) upgraded to Overweight from Neutral at JPMorgan... YRC Worldwide (YRCW) upgraded to Strong Buy at Raymond James.
09:05 EDTBAHoneywell selected by SunExpress to maximize safety, efficiency of Boeing fleet
Subscribe for More Information
09:04 EDTAMZNAmazon says to debut two new dramatic plots on Amazon Instant Video on Aug. 7
Subscribe for More Information
08:05 EDTMTORMeritor raises FY15 adjusted EPS view to $1.40-$1.50 from $1.30-$1.40
Subscribe for More Information
08:02 EDTMTORMeritor reports Q3 adjusted cont-op EPS 41c, consensus 34c
Subscribe for More Information
07:29 EDTBAEconomic Club of Washington, D.C. to hold a luncheon meeting
Subscribe for More Information
07:05 EDTAMZNAmazon.com upgraded to Buy with $700 target at Stifel
Subscribe for More Information
07:05 EDTNOCNorthrop Grumman raises FY15 EPS to $9.55-$9.7- from $9.40-$9.60
FY15 EPS consensus of $9.62. Backs FY15 revenue $23.4B-$23.8B, consensus $23.76B. Backs FY15 segment operating margin of approximately 12%. Backs FY15 operating margin of approximately mid 12%. Sees FY15 effective tax rate of 32%. Raises FY15 cash provided by operating activities to $2.6B-$2.8B from $2.4B-$2.7B. Raises FY15 free cash flow to $1.9B-$2.1B from $1.7B-$2B.
07:02 EDTNOCNorthrop Grumman reports Q2 adjusted EPS $2.47, consensus $2.36
Subscribe for More Information
06:29 EDTAMZNAmazon.com upgraded to Buy from Hold at Stifel
Subscribe for More Information
July 28, 2015
16:00 EDTCHKOptions Update; July 28, 2015
Subscribe for More Information
15:21 EDTNOCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 85c... Altria (MO), consensus 71... General Dynamics (GD), consensus $2.06... Anthem (ANTM), consensus $2.75... Praxair (PX), consensus $1.46... Northrop Grumman (NOC), consensus $2.36... McKesson (MCK), consensus $2.91... Eaton (ETN), consensus $1.13... Humana (HUM), consensus $1.63... Hilton (HLT), consensus 23c... International Paper (IP), consensus 92c... Rockwell Automation (ROK), consensus $1.54... Jarden (JAH), consensus 59c... Quintiles (Q), consensus 70c... Tableau Software (DATA), consensus 4c... Garmin (GRMN), consensus 82c... Vantiv (VNTV), consensus 54c... ADT (ADT), consensus 49c.
12:44 EDTAMZNAmazon proposes drones-only fly zone, Guardian reports
Amazon proposed at a NASA UTM Convention at NASA Ames in California that a pristine slice of airspace above the world's cities and suburbs should be set aside for high-speed aerial drones without any human interference, the Guardian reports. The company suggested that a 200-foot parcel of air located between 200-400 feet from the ground should be segregated and reserved for high-tech drones, the report says. The proposal marks the next step in the company's goal of delivering packages via drones, the report says. Reference Link
10:15 EDTAMZNOptions with decreasing implied volatility
Subscribe for More Information
09:54 EDTAMZNCLSA U.S. Internet analyst holds an analyst/industry conference call
U.S. Internet Analyst James Lee hosts Toynk's E-commerce Director, Dave Madoch, to compare and contrast Amazon and eBay's cross-border trade business models and performance on an Analyst/Industry conference call to be held on August 3 at 11 am.
09:02 EDTAMZNAmazon.com announces Amazon Launchpad program
Amazon announced Amazon Launchpad, a new program that makes it easy for startups to launch, market, and distribute their products to hundreds of millions of Amazon customers across the globe. The program offers a streamlined onboarding experience, custom product pages, a comprehensive marketing package, and access to Amazon’s global fulfillment network, all geared toward helping startups successfully launch their innovations and share their stories.
07:10 EDTHNTCognizant removed as a top pick at Deutsche Bank
Subscribe for More Information
05:15 EDTAMZNAmazon web services makes Amazon Aurora available to all customers
Amazon Web Services, or AWS, an Amazon.com company, announced that Amazon Aurora, a MySQL-compatible database engine that combines the speed and availability of high-end commercial databases with the simplicity and cost-effectiveness of open source databases, is now available to all customers. More than a thousand AWS customers, including global enterprises and startups from a range of industries, participated in the preview and saw that Amazon Aurora can provide up to five times better performance than the typical MySQL database, and availability as good or better than commercial databases – at one-tenth the cost. These customers also found Amazon Aurora has the scalability, durability, and reliability to run the most demanding enterprise and Internet-scale applications – everything from massive Internet of Things applications to mission-critical e-commerce sites.
July 27, 2015
16:31 EDTNOCNorthrop Grumman says exceeded original cost reduction target
Subscribe for More Information
10:40 EDTISISIsis 'most obvious' Biogen takeover target, TheStreet's Feuerstein says
Subscribe for More Information
10:29 EDTAMZNOptions with decreasing implied volatility
Subscribe for More Information
10:00 EDTCHKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADT Corp. (ADT) upgraded to Buy from Neutral at Citi... AGCO (AGCO) upgraded to Neutral from Sell at Goldman... Anthem (ANTM) upgraded to Buy from Neutral at Sterne Agee CRT... BNP Paribas (BNPQY) upgraded to Buy from Neutral at Goldman... Biogen (BIIB) upgraded on valuation at Bernstein... Box (BOX) upgraded to Overweight from Sector Weight at Pacific Crest... Capital One (COF) upgraded to Buy from Outperform at CLSA... Centene (CNC) upgraded to Buy from Neutral at UBS... Chesapeake (CHK) upgraded on potential sale of assets or company at SunTrust... Cigna (CI) upgraded to Buy from Neutral at Sterne Agee CRT... Deere (DE) upgraded to Neutral from Sell at Goldman... First BanCorp (FBP) upgraded to Buy from Neutral at Guggenheim... Flotek (FTK) upgraded on stronger demand at Oppenheimer... Lear (LEA) upgraded to Buy from Hold at Deutsche Bank... Methanex (MEOH) upgraded to Outperform from Sector Perform at Scotia Howard Weil... News Corp. (NWSA) upgraded to Outperform from Neutral at Macquarie... NextEra Energy Partners (NEP) upgraded to Outperform at Wells Fargo... OFG Bancorp (OFG) upgraded to Buy from Neutral at Guggenheim... PennyMac Mortgage (PMT) upgraded to Buy from Neutral at Compass Point... Pool Corp. (POOL) upgraded to Outperform from Market Perform at William Blair... Popular (BPOP) upgraded to Buy from Neutral at Guggenheim... Qualcomm (QCOM) upgraded to Overweight from Equal Weight at Morgan Stanley... Quality Systems (QSII) upgraded on valuation at RBC Capital... VF Corp. (VFC) upgraded to Buy from Neutral at Goldman... Ventas (VTR) upgraded on valuation, positive catalysts at BMO Capital... Weatherford (WFT) upgraded to Equal Weight from Underweight at Barclays... SS&C (SSNC) upgraded to Buy from Hold at Sandler O'Neill... Chemung Financial (CHMG) upgraded to Buy from Hold at Sandler O'Neill... Cameron (CAM) upgraded to Buy from Accumulate at Global Hunter.
07:31 EDTCHKChesapeake upgraded on potential sale of assets or company at SunTrust
Subscribe for More Information
07:07 EDTISISIsis Pharmaceuticals announces results from ISIS-TTRRx study
Subscribe for More Information
06:45 EDTCHKChesapeake upgraded to Buy from Neutral at SunTrust
Subscribe for More Information
06:35 EDTBAAir Lease announces lease agreement with Air Vanuatu
Subscribe for More Information
July 26, 2015
14:44 EDTAMZNAmazon cloud sales signal risk for traditional data storage, Barron's says
Subscribe for More Information
July 24, 2015
16:30 EDTAMZNStocks end week lower as Apple headlines busy week of earnings
Subscribe for More Information
16:22 EDTAMZNOn The Fly: Top stock stories for Friday
Subscribe for More Information
14:04 EDTAMZNOn The Fly: Weekly technical notes on 'FANG' and divergences
Subscribe for More Information
13:51 EDTAMZNAmazon.com retraces, levels to watch
Subscribe for More Information
13:00 EDTAMZNAmazon.com levels to watch
Shares appear to be trying to hold the line at the $550 area as the afternoon session begins. That is still over $68 of upside, but down nearly $42 from the after-hours session high yesterday. There is a risk the move is broadly extended and blow-off top at least in the short-term. Support is at the session low at $549.67. Without any established support price retracement is likely to follow round-number and common option strikes. Next support on that basis below the low would be $545 and then at $540. Resistance similarly is at $555.
12:54 EDTAMZNOn The Fly: Top stock stories at midday
Subscribe for More Information
12:33 EDTAMZNAmazon.com volatility pulls back on better than expected Q2 and outlook
Amazon.com July weekly call option implied volatility is at 33, August and September is at 27, compared to its 52-week range of 21 to 68, suggesting decreasing price risk.
11:38 EDTBABoeing to cut titanium use in 787 Dreamliner production, Reuters reports
Subscribe for More Information
10:37 EDTCHKOptions with increasing implied volatility
Options with increasing implied volatility: LOCK DUST JNUG CHK LINE ABX TCK GDX LNKD FCX
10:34 EDTAMZNOptions with decreasing implied volatility
Subscribe for More Information
10:09 EDTAMZNAmazon shares, price targets soar following earnings beat
Shares of Amazon.com (AMZN) are surging this morning and research firms are rushing to increase their price targets on the stock after the e-commerce giant unexpectedly reported a quarterly profit and gave a better than expected revenue forecast for its new quarter. UPGRADES: Barclays analyst Paul Vogel upgraded Amazon to Overweight from Equal Weight, saying the online retailer's margins are expanding much faster than previously thought. Vogel views the company's outside the U.S. and Web Services revenue growth as both a surprise and sustainable, telling investors that the second quarter "was too good in our view to wait" for an upgrade. He raised his price target for Amazon shares to $700 from $412. B. Riley analyst Scott Tilghman also upgraded Amazon this morning, upping it to Buy from Neutral as he also believes the company's revenue upside looks sustainable. Tilghman, who believes margin upside is likely to follow, raised his price target for the stock to $646 from $428. TARGETS ABOVE $700: JPMorgan analyst Doug Anmuth raised his December 2016 price target for Amazon.com to $710 and reiterates an Overweight rating on the stock, as he believes Amazon is now benefiting from its investments in Prime, category expansion and fulfillment centers. Meanwhile, Morgan Stanley analyst Brian Nowak hiked his price target on Amazon.com to $740, which is the highest among firms tracked by Bloomberg at time of writing. Nowak, who entitled his note "The Everything Quarter," said the company's business is inflecting around the globe and noted that top-line growth accelerated in all four of its main retail segments for the second quarter in a row. PRICE ACTION: In early trading following its report last night, Amazon shares jumped 16% to about $561 per share.
10:00 EDTAMZNOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:36 EDTAMZNActive equity options trading on open
Subscribe for More Information
09:14 EDTAMZNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Amazon (AMZN), up 20.7%... Pandora (P), up 10.3%... Juniper (JNPR), up 9.1%... Visa (V), up 6.7%... Starbucks (SBUX), up 5%... Skyworks (SWKS), up 2.6%... American Airlines (AAL), up 2.1%. ALSO HIGHER: SolarCity (SCTY), up 2.5% after being upgraded to Outperform from Neutral at Baird. DOWN AFTER EARNINGS: Tripadvisor (TRIP), down 8.5%... Biogen (BIIB), down 14.1%.
08:28 EDTAMZNAmazon.com price target raised to $740 from $520 at Morgan Stanley
Subscribe for More Information
07:43 EDTAMZNGoogle, others to create air traffic control for drones, Bloomberg says
Subscribe for More Information
07:38 EDTAMZNAmazon.com price target raised to $665 from $500 at Deutsche Bank
Subscribe for More Information
07:34 EDTAMZNAmazon.com price target raised to $650 from $460 at Citi
Subscribe for More Information
07:07 EDTAMZNAmazon.com price target raised to $650 from $550 at UBS
Subscribe for More Information
07:04 EDTAMZNAmazon.com price target raised to $670 from $460 at Cantor
Subscribe for More Information
06:53 EDTAMZNAmazon urges FTC to approve Staples-Office Depot deal, NY Post says
Amazon (AMZN) founder and CEO Jeff Bezos has reached out to FTC regulators through intermediaries supporting approval of Staples' (SPLS) proposed $6.3B offer to acquire Office Depot (ODP), the New York Post reports, citing sources familiar with the matter. Reference Link
06:19 EDTAMZNAmazon.com price target raised to $710 from $535 at JPMorgan
Subscribe for More Information
06:09 EDTCHKChesapeake implied volatility of 107 at upper end of index
Subscribe for More Information
05:53 EDTAMZNStocks with implied volatility above IV index mean; AMZN TWTR
Subscribe for More Information
05:52 EDTAMZNAmazon.com price target raised to $630 from $475 at Baird
Baird analyst Colin Sebastian raised his price target for Amazon.com to $630 saying the company's Q2 was a "pristine quarter almost across the board." Accelerating growth and higher than expected margins will "prove irresistible to investors," Sebastian tells investors in a post-earnings research note. He reiterates an Outperform rating on the stock. Shares of Amazon were upgraded this morning at B. Riley and Barclays.
05:49 EDTAMZNAmazon.com price target raised to $650 from $520 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for Amazon.com shares to $650 saying the company just reported a third straight quarter of margins materially above expectations. Munster expects further margin expansion after management reiterated its intent to focus on productivity in 2015. He sees unit growth as being a catalyst for shares and reiterates an Overweight rating on the stock. Amazon shares, which upgraded this morning at B. Riley and Barclays, are trading up $87.82 to $570.00 in pre-market trading.
05:38 EDTAMZNAmazon.com upgraded to Buy from Neutral at B. Riley
Subscribe for More Information
05:36 EDTAMZNAmazon.com upgraded to Overweight with $700 target at Barclays
Barclays analyst Paul Vogel upgraded Amazon.com to Overweight from Equal Weight saying the online retailer's margins are expanding much faster than previously thought. Following Amazon's Q2 results, Vogel views the company's outside the U.S. and Web Services revenue growth as both a surprise and sustainable. The quarter "was too good in our view to wait" for an upgrade, the analyst tells investors. He raised his price target for Amazon shares to $700 from $412. In pre-market trading, the stock is up $88.77 to $570.95.
July 23, 2015
19:41 EDTAMZNAmazon to test drive-thru grocery store, SV Business Journal says
Subscribe for More Information
19:06 EDTAMZNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Amazon (AMZN), up 17.2%... Marketo (MKTO), up 15.4%... Juniper Networks (JNPR), up 9.9%... NetGear (NTGR), up 9.2%... Qlik Technologies (QLIK), up 9.1%... LogMeIn (LOGM), up 9.9%... Pandora (P), up 10.3%... Mitek Systems (MITK), up 7.8%... Proofpoint (PFPT), up 5.1%... Supreme Industries (STS), up 4.7%... Skyworks (SWKS), up 3.6%... IGI Laboratories (IG), up 3.7%... Maxim Integrated Products (MXIM), up 4.1%... Boyd Gaming (BYD), up 4.1%... Trinity Industries (TRN), up 5%... Trinity Industries (N), up 3.2%... Starbucks (SBUX), up 4.5%. ALSO HIGHER: Qorvo (QRVO), up 2.7% after Skyworks reported quarterly results. DOWN AFTER EARNINGS: TrueCar (TRUE), down 33.1% after reporting quarterly results and cutting fiscal 2015 revenue guidance... Tripadvisor (TRIP), down 9.2%... Align Technology (ALGN), down 7.4%... Capital One (COF), down 4.9%... PMC-Sierra (PMCS), down 9.1%... athenahealth (ATHN), down 2.1%. ALSO LOWER: Sunesis Pharmaceuticals (SNSS), down 59.7% after giving vosaroxin regulatory update... Avalanche Biotechnologies (AAVL), down 5.6% after CEO Thomas Chalberg, Jr., Ph.D. resigns and Hans Hull name interim CEO.
18:22 EDTAMZNAmazon.com says prime membership continues to grow
Subscribe for More Information
18:16 EDTAMZNAmazon.com says AWS segment income rose 407%
Subscribe for More Information
17:38 EDTAMZNAmazon.com reports Q2 AWS net revenue up 81% to $1.82B
Subscribe for More Information
16:14 EDTAMZNAmazon.com reports Q2 AWS segment net sales $1.82B
Subscribe for More Information
16:12 EDTAMZNAmazon.com jumps 14% to $549.50 after reporting Q2 profits
Subscribe for More Information
16:12 EDTAMZNAmazon.com sees Q3 revenue $23.3B-$25.5B, consensus $23.89B
Sees Q3 operating income (loss) to be between ($480M) and $70M, compared to ($544M) million in third quarter 2014.
16:11 EDTAMZNAmazon.com reports Q2 EPS 19c, consensus (14c)
Reports Q2 revenue $23.18B, consensus $22.39B. Operating cash flow increased 69% to $8.98B for the trailing twelve months, compared with $5.33B for the trailing twelve months ended June 30, 2014.
15:04 EDTAMZNNotable companies reporting after market close
Subscribe for More Information
13:53 EDTAMZN“Fab Five” option implied volatility
Subscribe for More Information
13:18 EDTAMZNAmazon.com July weekly 35 straddle priced for 9.3% movement into Q2
Subscribe for More Information
13:13 EDTAMZNEarnings Watch: Amazon to report Q2 results after ‘record breaking’ Prime Day
Subscribe for More Information
13:03 EDTAMZNAmazon.com July weekly volatility elevated into Q2 and outlook
Subscribe for More Information
11:58 EDTBABoeing upgraded to Buy from Neutral at Tigress Financial
Subscribe for More Information
11:57 EDTCHKOptions with increasing put volume
Subscribe for More Information
10:30 EDTCHKOptions with increasing implied volatility
Subscribe for More Information
10:24 EDTAMZNAmazon.com technical comments ahead of earnings
The key technical feature, most easily seen on a 5-year chart, is that a recent bullish pennant pattern has completed. Heading into earnings, even good news might still result in a retracement which is typical following a pattern's completion. That process may be underway as price eases down from the life high at $493.20. If there is strongly bullish news, the life high is the only resistance level on the chart. A breakout would likely mean a move to $500 and potentially much higher. Without overhead resistance, there is nothing to prevent a further run. Potential targets at $525 and $550 could be tested given the momentum coming into earnings. But such a move would be an extension of the already-parabolic advance, and typically these do not end well. A better scenario would be a consolidation in price at higher levels that builds support. If the news disappoints there is little in the way of enduring support below given the recent jumps. There is a zone of support at the $450 area which could be tested. Such a price drop would retrace the entire "pole" off the pennant that has brought shares to current levels. Below $450 there is only the low of the pennant pattern itself at the $425 area and then a zone of support below at $410 to $400 due to a price gap which was the first breakaway from resistance at the $400 area.
08:17 EDTCODECypress Semiconductor: Annualized synergies achieved ahead of schedule
Subscribe for More Information
08:11 EDTBABoeing price target raised to $196 from $190 at Bernstein
Bernstein increased its price target on Boeing as the firm says that the company's margins beat its estimates, while the company's cash flows were strong. Bernstein reiterates an Outperform rating on the shares.
07:11 EDTAMZNAmazon.com July weekly volatility elevated into Q2 and outlook
Subscribe for More Information
05:48 EDTAMZNStocks with implied volatility above IV index mean; HOT AMZN
Subscribe for More Information
July 22, 2015
19:26 EDTISISIsis Pharmaceuticals announces positive clinical data of ISIS-APO(a)Rx published
Subscribe for More Information
15:41 EDTAMZNAngie's List price target lowered to $5.50 from $8 at Piper Jaffray
Subscribe for More Information
12:35 EDTAMZNAmazon.com offers Prime members 5% cash-back credit card, Re/code reports
Amazon is offering Prime members access to an Amazon credit card that pays back 5% on every Amazon.com order, reports Re/code. The company has quietly introduced the card in March and has been slowly rolling out marketing for it on the website since then. Reference Link
12:32 EDTBAOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as slides in a number of big name tech stocks following their earnings reports dominated the news flow and largely dictated the market's direction. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: The tech sector has been weak, headlined of course by a 5% pullback in shares of Apple (AAPL) after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. Adding to the negative tone in tech stocks, and contributing further to the decline in the Nasdaq, was the 3% drop seen in Microsoft (MSFT) shares after its quarterly report as well as Yahoo's (YHOO) 1% decline after its revenue outlook missed the consensus forecast... Shares of Boeing (BA) and Coca-Cola (KO) fared better than Dow peer Apple after each reported better than expected sales and profits, though neither stock was moving far from where they closed yesterday's trading. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose 10% after the company agreed to be acquired by St. Jude Medical (STJ) for $3.4 billion in cash, or $63.50 per share. St. Jude shares advanced fractionally after the deal, which had been foreshadowed by media reports yesterday, was announced. Also higher following their earnings reports were Intuitive Surgical (ISRG), which gained 10%, Chipotle Mexican Grill (CMG), which advanced 8% and Whirlpool (WHR), which was up 6%. Among the noteworthy losers were a number of suppliers to Apple that declined in tandem with the tech giant after it reported a sequential drop in iPhone sales. Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report. Also sharply lower was antibody-based therapeutics maker XOMA (XOMA), which plunged more than 73% and was downgraded to Neutral at Piper Jaffray after a Phase III trial of its gevokizumab drug in patients with Behcet's disease uveitis did not meet its primary endpoint. INDEXES: Near midday, the Dow was down 82.22, or 0.46%, to 17,837.07, the Nasdaq was down 42.68, or 0.82%, to 5,165.44, and the S&P 500 was down 6.93, or 0.33%, to 2,112.28.
11:24 EDTBABoeing says market demand for 777S 'remains very strong'
Says it is building first 2 full production tankers for the U.S. Air Force. Says it does not see changes in 'demand signals' for jets. Says working to lower risk while transitioning 777 to new 777X.
10:54 EDTBABoeing CFO says commercial airplance backlog remains 'very strong'
Says 787 deferred production growing at same rate in Q3. Says company expects drop in 787 cost growth pace during Q4. Sees "strong interest" for final C-17 jet white tail. Says company expects to complete $7.5B share repurchase authorization over next two years. Says company remains focused on disciplined execution and meeting customer commitment. Sees improved cash performance offsetting tanker charge.
10:47 EDTBABoeing sees 787 program becoming cash flow positive in 2015
10:44 EDTBABoeing says 737 Max on track for first delivery in 2017
10:44 EDTBABoeing chairman: Company positioned for sustained, profitable growth
Subscribe for More Information
10:10 EDTHNTHigh option volume stocks
High option volume stocks: HNT THOR QRVO CYTR CBRL MAS CHKP TUP NXPI VEDL
10:01 EDTCHKOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
10:01 EDTAMZNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded to Buy at MKM Partners... Agnico Eagle (AEM) upgraded to Buy from Hold at HSBC... Allegiant Travel (ALGT) upgraded to Outperform from Market Perform at Raymond James... Amazon.com (AMZN) upgraded on positive outlook at JMP Securities... Bank of Ireland (IRE) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Buy at Canaccord... Carrizo Oil & Gas (CRZO) upgraded to Outperform from Neutral at Credit Suisse... Concho Resources (CXO) upgraded to Outperform from Neutral at Credit Suisse... Crown Castle (CCI) upgraded to Buy from Neutral at Citi... Exxon Mobil (XOM) upgraded to Conviction Buy from Buy at Goldman... Fidelity & Guaranty Life (FGL) upgraded to Outperform from Neutral at Macquarie... First Interstate (FIBK) upgraded to Buy from Hold at Sandler O'Neill... Hess Corp. (HES) upgraded to Outperform from Neutral at Credit Suisse... Intuitive Surgical (ISRG) upgraded to Buy at Canaccord... J.C. Penney (JCP) upgraded to Buy from Neutral at Buckingham... Murphy Oil (MUR) upgraded to Neutral from Underperform at Credit Suisse... Noble Energy (NBL) upgraded to Outperform at Credit Suisse... Packaging Corp. (PKG) upgraded to Outperform from Market Perform at BMO Capital... Prologis (PLD) upgraded to Outperform from Neutral at Baird... Signature Bank (SBNY) upgraded to Strong Buy from Outperform at Raymond James... Sonic Automotive (SAH) upgraded to Buy from Neutral at BofA/Merrill... Tate & Lyle (TATYY) upgraded to Neutral from Sell at Goldman... Technip (TKPPY) upgraded to Neutral from Sell at Goldman... Union Bankshares (UBSH) upgraded to Buy from Neutral at Compass Point... Yamana Gold (AUY) upgraded to Buy from Hold at HSBC... Yara (YARIY) upgraded to Neutral from Underweight at JPMorgan.
09:38 EDTAMZNActive equity options trading on open:
Subscribe for More Information
09:07 EDTBAOn The Fly: Pre-market Movers
Subscribe for More Information
09:02 EDTNOCHarris awarded $15M submarine sensor contract
Subscribe for More Information
09:01 EDTAMZNAmazon.com upgraded on positive outlook at JMP Securities
Subscribe for More Information
08:35 EDTNOCCompanies' Low Cost Terminal project completes Critical Design Review stage
Subscribe for More Information
07:54 EDTCHKChesapeake downgraded to Neutral at Credit Suisse
Subscribe for More Information
07:51 EDTAMZNAlibaba cloud services president says can catch AWS in 3-4 years, Bloomberg says
Speaking at an event about Alibaba Group's (BABA) accelerated investment in its data centers, the president of the company's Aliyun cloud services arm, Simon Hu said, "It took Amazon (AMZN) 10 years to get where it is today. It took us six years, and we hope to match or even surpass Amazon in three to four years,” according to Bloomberg. Reference Link
07:39 EDTBABoeing reports Q2-end backlog $489B, included net orders of $18B
Subscribe for More Information
07:38 EDTBABoeing backs FY15 Commercial Airplanes deliveries 750-755
Subscribe for More Information
07:37 EDTBABoeing reports Q2 Defense, Space & Security revenue down 3% to $7.65B
07:37 EDTBABoeing reports Q2 Commercial Airplanes revenue up 18% to $16.88B
Subscribe for More Information
07:36 EDTBABoeing says outlook for 2H15 'remains positive'
Subscribe for More Information
07:35 EDTBABoeing: Q2 results included $536M charge on KC-Tanker program
Subscribe for More Information
07:35 EDTBABoeing cuts FY15 adjusted EPS to $7.70-$7.90 from $8.20-$8.40, consensus $7.88
Subscribe for More Information
07:33 EDTBABoeing reports Q2 non-GAAP EPS $1.62, consensus $1.37
Reports Q2 revenue $24.54B, consensus $24.22B
06:54 EDTAMZNJMP Securities says Amazon shifting to 'execution mode,' ups to Outperform
Subscribe for More Information
06:35 EDTAMZNAmazon.com upgraded to Outperform from Market Perform at JMP Securities
Subscribe for More Information
06:25 EDTCHKChesapeake downgraded to Neutral from Outperform at Credit Suisse
Subscribe for More Information
06:12 EDTAMZNAmazon.com's Home Services expands to many cities throughout U.S.
Subscribe for More Information
06:08 EDTAMZNSony to create drone company to offer services for business customers, WSJ says
Sony (SNE) plans to create a drone company to offer services like inspecting aged infrastructure and surveying land that is difficult to access, The Wall Street Journal reports. The drone company, Aerosense, will be created in a joint venture with ZMP Inc, a Tokyo startup which specializes in autopilot technology. Amazon (AMZN) and Google (GOOG) are currently researching the use of drones for package delivery, the report notes. Reference Link
05:27 EDTAMZNStocks with implied volatility above IV index mean; XOMA AMZN
Subscribe for More Information
05:24 EDTCHKStocks with implied volatility movement; CHK CRM
Subscribe for More Information
July 21, 2015
17:41 EDTBAFedEx to acquire fifty additional 767-300F aircraft from Boeing
Subscribe for More Information
16:01 EDTCHKOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
15:42 EDTBABoeing July weekly 147 straddle priced for 2.9% movement into Q2
Subscribe for More Information
15:02 EDTBANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 60c... Boeing (BA), consensus $1.42... Abbott Laboratories (ABT), consensus 50c... Thermo Fisher Scientific (TMO), consensus $1.78... EMC (EMC), consensus 41c... Illinois Tool Works (ITW), consensus $1.28... St. Jude Medical (STJ), consensus $1.00... Northern Trust (NTRS), consensus 96c... Check Point Software (CHKP), consensus 95c... Polaris Industries (PII), consensus $1.58... Interpublic Group (IPG), consensus 27c... New York Community Bancorp (NYCB), consensus 26c... B/E Aerospace (BEAV), consensus 76c... Owens Corning (OC), consensus 54c... Knight Transportation (KNX), consensus 37c.
14:28 EDTBABoeing technical comments ahead of results
Subscribe for More Information
13:48 EDTBABoeing may delay $3B tanker contracts for 8 months, Bloomberg reports
Subscribe for More Information
12:37 EDTBAEarnings Watch: Boeing sees Q2 charge of 77c per share for KC-46 tanker program
Subscribe for More Information
10:31 EDTCHKOptions with increasing implied volatility
Options with increasing implied volatility: DUST JNUG LINE CHK CNX INSY ABX GG GDX NEM
10:01 EDTHNT, CHKOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:28 EDTCHKChesapeake downgraded to Hold from Buy at Simmons
Subscribe for More Information
08:38 EDTBABoeing July weekly volatility elevated into Q2 and outlook
Boeing July weekly call option implied volatility is at 33, August is at 19, September is at 18; compared to its 52-week range of 13 to 29, suggesting large near term price movement into the expected release of Q2 results on July 22.
07:45 EDTAMZNSell PayPal amid mounting payments competition, Piper says
Shares of PayPal (PYPL) advanced over 5% yesterday in the stock's first day of trading following a split from eBay (EBAY), with the majority of research firms issuing optimistic notes on its prospects. This morning, however, analyst Gene Munster of Piper Jaffray recommends selling the share as competition grows in the digital payments space. BEARS: Munster started shares of PayPal with an Underweight rating, the firm's equivalent of a "Sell," saying increased competition could pressure the stock's multiple over the next 6-24 months. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in his research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal. Of note, Evercore ISI also started coverage of PayPal shares yesterday with a Sell rating. BULLS: Wells Fargo initiated coverage of PayPal yesterday with an Outperform rating, saying the company's unique assets will enable it to maintain its leadership role in digital payments and benefit from the growth of e-commerce. Also upbeat was Robert W. Baird analyst Colin Sebastian, who contends that PayPal has the top pure play online payment system and is continuing to grow its share of the Internet payment market. PayPal should be able to innovate more effectively after its spin-off, added the analyst, who set a $45 price target on the shares. PRICE ACTION: Shares of PayPal are pointing toward further gains in their second day of standalone trading, with the stock up about 2.7% to $41.55 in pre-market trading.
07:13 EDTISISIsis Pharmaceuticals initiates Phase 1/2a clinical study of ISIS-HTT Rx
Subscribe for More Information
07:07 EDTCHKChesapeake to sell substantially all properties held by CHK Cleveland Tonkawa
Subscribe for More Information
07:06 EDTCHKChesapeake to eliminate common dividend effective Q3
Subscribe for More Information
07:05 EDTCHKChesapeake to eliminate common dividend effective Q3
06:20 EDTHNTHealth Net downgraded to Neutral from Buy at Goldman
Subscribe for More Information
05:34 EDTAMZNPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
05:30 EDTBABoeing, EVA Air finalize order for five 777 freighters
Subscribe for More Information
July 20, 2015
17:20 EDTAMZNAmazon plans $5B investment in India ahead of Prime launch, ET says
Amazon is preparing a total investment of $5B in India and plans to launch Amazon Prime and Amazon Instant Video in the country later this year, the Economic Times reported earlier, citing two people directly familiar with the matter. Reference Link
13:46 EDTAMZNAmazon seen eclipsing Macy's as top U.S. clothing retailer
Subscribe for More Information
12:16 EDTBABoeing sees nearly 1.2M pilots, technicians needed over next 20 years
Boeing released a new forecast showing continued strong demand for commercial airline pilots and maintenance technicians as the world's airlines add 38,000 airplanes to the global fleet over the next 20 years. Boeing's 2015 Pilot and Technician Outlook projects that between 2015 and 2034, the world will require 558,000 new commercial airline pilots and 609,000 new commercial airline maintenance technicians. The 20-year projected demand for new pilots and technicians by region is: Asia Pacific – 226,000 pilots and 238,000 technicians; Europe – 95,000 pilots and 101,000 technicians; North America – 95,000 pilots and 113,000 technicians; Latin America – 47,000 pilots and 47,000 technicians; Middle East – 60,000 pilots and 66,000 technicians; Africa – 18,000 pilots and 22,000 technicians; Russia / CIS – 17,000 pilots and 22,000 technicians.
10:00 EDTAMZNOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:48 EDTAMZNAmazon.com Q2 results poised to beat expectations, says Bernstein
Subscribe for More Information
06:57 EDTAMZNAmazon.com upgraded to Outperform from Market Perform at Cowen
Cowen analyst John Blackledge upgraded Amazon.com to Outperform based on expectations the company will be number 1 U.S. apparel retailer by 2017, driven by accelerating purchasing growth. Growth is being driven by a much larger selection, ramping 1P brand relationships and superior fulfillment and technology. BlackLedge said Amazon's long-term investment philosophy in massive retail and technology markets is increasingly paying off and should continue to win as it attracts U.S. retail TAM as wall as International e-commerce leadership. Further, he expects Amazon.com's leadership to continue in the fast-growing public cloud market. BlackLedge raised his price target on Amazon shares to $565 from $435.
06:47 EDTAMZNAmazon.com upgraded to Outperform from Neutral at Wedbush
Wedbush analyst Michael Pachter upgraded Amazon.com to Outperform and increased its price target to $575 from $435 on strong fundamentals and significant growth opportunities. Pachter sees faster AWS growth, momentum in the AWS Marketplace, better than expected Prime growth, greater sales traction from Prime Day, and increased likelihood it can add at least $2B in revenue from capturing PayPal payments. The firm's analyst expects solid Q2 revenue on Thursday of $22.4B versus guidance of $20.6B-$22.8B from new Prime members and from incremental AWS accounts.
06:03 EDTCHKStocks with implied volatility movement; CHK CNX
Stocks with implied volatility movement; Chesapeake (CHK) 76, CONSOL (CNX) 64 according to iVolatility.
July 19, 2015
20:33 EDTBAMedia reports say Lockheed to buy UTX's Sikorsky
According to media reports, Lockheed Martin (LMT) has agreed to purchase United Technologies' (UTX) Sikorsky unit. The news comes after several months of speculation surrounding Sikorsky, and an announcement could be made just a day prior to second quarter earnings for both United and Lockheed. WHAT'S NEW: Reuters reported on Sunday that Lockheed Martin has agreed to buy Sikorsky Aircraft from United Technologies for over $8B, according to two sources, adding that the deal is set to be formally announced on Monday. The news was later echoed by Bloomberg, citing a person familiar with the talks. WHAT'S NOTABLE: United Technologies first reported that it was exploring strategic options for its Sikorsky unit on March 11. At the time, the company noted that options included a spinoff or a stand-alone public company, saying that the split could allow United "to better focus on providing high-technology systems and services to the aerospace and building industries." Following the announcement, UBS remarked that it was "not surprised" and reiterated a $136 price target on United shares. On May 20, the Wall Street Journal quoted sources as saying Boeing (BA), Airbus (EADSY) and Lockheed submitted bids for the helicopter maker, with a speculated deal thought to reach the $10B area. A June 9 report from Reuters added Textron (TXT) to the list of bidders. Today's news -- though unconfirmed by either United or Lockheed -- comes ahead of second quarter earnings reports for both companies scheduled for Tuesday, July 21. PRICE ACTION: Shares of Lockheed Martin declined 0.22% to $201.18 at the close of trading on July 17, while those of United Technologies fell 0.45% to $110.76.
19:32 EDTBABoeing India eyeing investments in local aerospace companies, PTI says
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use