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Stock Market & Financial Investment News

News Breaks
January 29, 2014
11:36 EDTNOC, GD, BA, EADSY, BAESY, ERJ, LMTBoeing tumbles after fiscal 2014 outlook disappoints
Boeing (BA), a leader in aerospace and member of the Dow Jones Industrial Average, is one of today's losers after the firm reported better than expected fourth quarter results, but issued guidance for fiscal 2014 that fell significantly short of expectations. WHAT'S NEW: This morning, Boeing reported fourth quarter core EPS of $1.88 and revenue of $23.79B, compared to analysts' consensus estimate of $1.57 and $22.74B, respectively. The company guided FY14 core EPS to 7.00-$7.20, compared to consensus of $7.57. FY14 revenue was forecast at $87.5B-$90.5B, below expectations of $92.72B. The company said it expects to make commercial deliveries of 715 to 725 planes in 2014, which includes approximately 110 deliveries of its 787 models. Total company operating cash flow before pension contributions is expected to be approximately $7B, while operating cash flow is expected to be approximately $6.25B in 2014, Boeing added. ANALYST REACTION: In a note to investors this morning, Wells Fargo said Boeing's cash flow outlook could pressure shares. The firm viewed Boeing's free cash outlook as disappointing since it implied no major ramp-up in share repurchases. Wells thought this could pressure the stock, but recommended using any weakness as a buying opportunity since the company typically guides conservatively. Wells kept an Outperform rating on the shares. PRICE ACTION: In late morning trading, Boeing shares fell about 4.6% to $130.77 on heavy volume. The stock hit a fresh 52-week high of $144.57 earlier this month, and has gained approximately 77% over the past twelve months. OTHERS TO WATCH: Boeing's primary competitor in terms of commercial airplanes is Airbus (EADSY). Other aerospace companies include BAE Systems (BAESY), Embraer (ERJ), Lockheed Martin (LMT), Northrop Grumman (NOC), and General Dynamics (GD).
News For BA;EADSY;BAESY;ERJ;LMT;NOC;GD From The Last 14 Days
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October 21, 2014
14:19 EDTBAEarnings Preview: Boeing shares flat since Q2 earnings report
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14:01 EDTBABoeing technical comments ahead of results
The stock has performed in line with returns from the broader averages over the last three months. The trend has been range bound with the bulk of the range contained at $118 at the low and $128.50 at the high. These two bounds become the defining markers for post-earnings reactions. A breakout above $128.50 would see first resistance at $130.31 and then at $132.99 and $133.97. The latter is a prior pivot high. If the news disappoints, it isn't likely that shares would reach the low of the range unless the news was an extreme disappointment. First support of significance would be at $124.10 and then at $122.16 and $120.29.
13:31 EDTBABoeing invests over $1B in Everett site
Boeing announced the groundbreaking of its new 777X Composite Wing Center at the Everett, Washington campus. Permitting for the new 1M-square-foot facility was completed approximately seven weeks earlier than anticipated, allowing for an accelerated start to construction. Boeing is investing more than $1B in the Everett site for construction and outfitting of the new building. Completion of the new building, which is expected in May 2016, will require approximately 3.5M hours of work. At its peak, there will be approximately 1.2K contract employees working on the project. First delivery of the 777X is targeted for 2020.
08:06 EDTNOCNorthrop Grumman by Airbus Helicopters
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08:02 EDTEADSYKaman unit awarded LTA by Rolls-Royce
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07:32 EDTLMTLockheed Martin reports Q3 Aeronautics sales down 2% to $3.54B
Reports Q3 Information Systems & Global Solutions sales down 5% to $1.95B; Reports Q3 Missiles and Fire Control sales down 5% to $1.91B; Reports Q3 Mission Systems and Training sales down 1% to $1.68B; Reports Q3 Space Systems sales up 4% to $2.03B.
07:28 EDTLMTLockheed Martin expects FY15 sales to decline at low single digit rate
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07:27 EDTLMTLockheed Martin raises FY14 EPS to $11.15 from $10.85-$11.15, consensus $11.14
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07:26 EDTLMTLockheed Martin reports Q3 cash from operations was $990M
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07:25 EDTLMTLockheed Martin reports Q3 EPS cont ops $2.76, consensus $2.71
Reports Q3 revenue $11.11B, consensus $11.28B
07:10 EDTBAESYBAE Systems acquires SilverSky
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06:11 EDTBAESYBAE Systems to acquire SilverSky for $232.5M on cash free, debt free basis
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October 20, 2014
15:36 EDTLMTNotable companies reporting before tomorrow's open
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13:01 EDTBABoeing partners with Kenya Airways
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06:10 EDTERJ, BA, EADSYLufthansa publishes timetable in response to VC planned strike
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October 17, 2014
16:56 EDTGDLongview Asset reports 9.97% stake in General Dynamics
11:58 EDTERJ, BATextron rallies after better than expected Q3 EPS, raising FY14 profit outlook
Shares of aircraft and defense company Textron (TXT) are advancing after the firm reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. WHAT'S NEW: Textron this morning reported Q3 EPS from continuing operations of 57c and revenue of $3.43B, compared to consensus of 52c and $3.63B, respectively. Aviation revenue for the quarter came in at $1.08B, Bell revenue was $1.18B, Systems revenue was $358M, Industrial revenue was $785M and Finance revenue was $25M for the quarter. Chief Executive Officer Scott Donnelly said commented that the increased revenues at Aviation, Industrial and Bell primarily reflected the success of its new product investment and acquisition strategies. Donnelly said the company achieved significant margin improvement in the quarter at Textron Aviation, which reflected higher volumes and better performance. Bell also had improved performance in Q3, Donnelly said, leading to an increase in quarterly margins compared to last year. WHAT’S NOTABLE: The company raised its FY14 EPS from continuing operations view to $2.05-$2.15 from $1.92-$2.12, in line with analysts' consensus estimates of $2.07. Textron also raised its FY14 outlook for cash flow from continuing operations of the manufacturing group before pension contributions to $700M-$800M, with expected pension contributions of around $83M. On the company's earnings conference call, management said it saw a pickup of orders in September and October in the new aircraft market. The company said it is also seeing significant contributions from its M&A investments. PRICE ACTION: In late morning trading, Textron rose $4.16, or about 12.4%, to $37.82 on heavy trading volume. Including today’s advance, the stock has gained approximately 36% over the past twelve months. OTHERS TO WATCH: Other companies in the aircraft and defense business include Boeing (BA), up 2.6%, Spirit Aerosystems (SPR), up 3.8%, and Embraer SA (ERJ) up 3.9%.
07:32 EDTBABoeing volatility elevated into Q3 and outlook
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07:31 EDTBAEMC volatility elevated into Q3 results and outlook
EMC October weekly call option implied volatility is at 51, November is at 34, January is at 27; compared to its 26-week average of 23 into the expected release of Q3 results on October 22.
06:03 EDTEADSYAirbus cuts production rate of A330 aircrafts to 9 from 10 per month
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