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Stock Market & Financial Investment News

News Breaks
January 17, 2013
07:12 EDTCOL, SPR, UTX, BA, ESL, LMIA, PCPImpact to Boeing, suppliers from 787 grounding modest, says Wells Fargo
After the FAA announced that it would temporarily ground Boeing's (BA) 787 Dreamliner planes, Wells Fargo estimates that the agency's action could, in what is likely a worst-case scenario, reduce the company's 2013 free cash flow by about 8%-9%, or $500M. Wells predicts that Boeing will continue to produce Dreamliners at the current rate, meaning the impact on suppliers' EPS would also be modest, according to the firm. Wells maintains Outperform ratings on Boeing, Esterline Technologies (ESL), LMI Aerospace (LMIA), Rockwell Collins (COL), Spirit AeroSystems (SPR), and United Technologies Corporation (UTX). It maintains a Market Perform rating on Precision Castparts (PCP).
News For BA;ESL;LMIA;PCP;COL;SPR;UTX From The Last 14 Days
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October 21, 2014
12:57 EDTUTXOn The Fly: Midday Wrap
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09:53 EDTUTXUnited Technologies: We're still fishing for the big acquisition
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09:35 EDTUTXUnited Technologies: Biggest challenge is Pratt because there's no growth there
09:31 EDTUTXUnited Technologies expects share count to increase in FY15
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09:25 EDTUTXUnited Technologies expects FY15 earnings to be in mid single digit mark
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09:25 EDTUTXUnited Technologies sees Pratt & Whitney growth to be in high end of guidance
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09:15 EDTUTXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Apple (AAPL), up 3%... Texas Instruments (TXN), up 2.3%... Harley Davidson (HOG), up 7%... Celanese (CE), up 4%... United Technologies (UTX), up 1.4%. ALSO HIGHER: Neonode (NEON), up 20% after signing technology development agreement with global tier-one printer OEM... Illumina (ILMN), up 10%, upgraded at Janney Capital following the company's better than expected Q3 earnings. DOWN AFTER EARNINGS: Coca-Cola (KO), down 5%... Chipotle (CMG), down 4.6%... Verizon (VZ), down 1%. ALSO LOWER: CEL-SCI (CVM), down 15.3% after announcing proposed offering of common stock, warrants... Omeros (OMER), down 12% after suspending Huntington's clinical trial with OMS824... Tesoro Logistics (TLLP), down 2.4% after 20M share secondary priced at $57.47... Rhino Resources (RNO), down 53%, downgraded to Underperform at Raymond James following the reduction in its quarterly cash dividend.
09:11 EDTUTXUnited Technologies: US economy continues to improve, Europe shows uncertainty
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09:03 EDTUTXUnited Technologies reports Q3 organic growth of 5%
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07:04 EDTUTXUnited Technologies reaffirms FY14 EPS view $6.75-$6.85, consensus $6.84
UTC Chairman and CEO Louis Chenevert said, "With double-digit earnings and 4% organic sales growth through the first three quarters, UTC remains on track to deliver on our expectations for the year. Our solid backlog and organic growth trends continue to give us confidence in our earnings per share range of $6.75 to $6.85, on sales of about $65B." FY14 revenue consensus $65.26B. UTC now expects share repurchase of $1.5B for the year, up from the previous expectation of $1.35B. As a result of ongoing investment to support the aerospace upcycle, the company continues to anticipate 2014 cash flow from operations less capital expenditures of about 90% of net income attributable to common shareowners.
07:01 EDTUTXUnited Technologies reports Q3 EPS ex-items $1.82, consensus $1.81
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October 20, 2014
15:36 EDTUTXNotable companies reporting before tomorrow's open
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13:01 EDTBABoeing partners with Kenya Airways
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12:36 EDTUTXUnited Technologies technical notes ahead of earnings
In the past three months the shares have traded down more than 10%, underperforming the broader averages. The trend is distinctly down in the past three months, but that is part of a larger trend that began after price peaked in early June of this year. The long-term uptrend line has also been broken by this recent price action, leaving the technical picture distinctly bearish. If earnings and outlook continue to be below expectations, next support would be at $99.83. Additional downside objectives, on an increasing scale of bearish news, may be at the following support levels: $96.53, $92.94, and $91.15. If the news surprises on the upside, first major resistance would be at $106.07. A move above that level would put the stock back on a more neutral price path. Additional upside objectives might be at resistance at $109.22, and $110.06.
07:48 EDTLMIALMI Aerospace awarded contracts to supply parts for Gulfstream business jets
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06:10 EDTBALufthansa publishes timetable in response to VC planned strike
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October 19, 2014
12:58 EDTUTXUnited Technologies worth a second look, Barron's says
United Technologies stock valuation and dividend yield are starting to look attractive at current levels and if the market rebounds, then the stock should outperform, Barron's contends in its 'The Trader' column. Reference Link
October 17, 2014
11:58 EDTSPR, 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.
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