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Stock Market & Financial Investment News

News Breaks
December 28, 2012
18:00 EDTTXT, BABell-Boeing awarded $1.4B government contract modification
Bell-Boeing Joint Project Office is being awarded a $1.4B modification to the previously awarded V-22 lot 17 advance acquisition contract for 17 FY13 MV-22 Tiltrotor aircraft for the Marine Corps and four FY13 CV-22 Tiltrotor aircraft for the Air Force. In addition, this modification provides funding for long lead components required for the manufacture and delivery of 19 FY14 lot 18 MV-22 Tiltrotor aircraft for the Marine Corps and three FY14 lot 18 CV-22 Tiltrotor aircraft for the Air Force.
News For BA;TXT From The Last 14 Days
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January 28, 2016
18:44 EDTBABoeing, Air Lease announces delivery of Next-Generation 737 to Air Vanuatu
Boeing (BA) and Air Lease (AL) celebrated the lessor's first Next-Generation 737 delivery to Air Vanuatu, the flag carrier of the South Pacific nation. Air Lease has ordered 253 Boeing airplanes and has taken delivery of 65 Boeing airplanes.
18:39 EDTBABoeing awarded $2.47B government contract modification
Boeing is being awarded a $2.47B modification to a previously awarded fixed-price-incentive-firm contract to exercise an option for the manufacture and delivery of 20 Lot III full-rate production P-8A aircraft for the Navy, and the Government of Australia. In addition, this option provides for efforts related to obsolescence monitoring, change assessment, and integrated baseline/program management reviews. Work is expected to be completed in December 2018. FY16 aircraft procurement funds in the amount of $2.05B will be obligated at time of award, none of which will expire at the end of the current fiscal year. This contract combines purchase for the Navy and the Government of Australia, under a cooperative agreement. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.
11:04 EDTBABoeing reports 40 new orders since last update
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10:05 EDTTXTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Azure Midstream Partners (AZUR) downgraded at Stifel... Chesapeake (CHK) downgraded to Hold from Buy at Wunderlich... CorEnergy (CORR) downgraded at Stifel... DCP Midstream (DPM) downgraded to Hold from Buy at Stifel... DynCorp (DCP) downgraded at Stifel... Ericsson (ERIC) downgraded on challenging outlook at BMO Capital... H&E Equipment (HEES) downgraded to Neutral from Buy at UBS... Halcon Resources (HK) downgraded to Hold from Buy at Wunderlich... InvenSense (INVN) downgraded to Market Perform from Outperform at Barrington... Invitae (NVTA) downgraded to Market Perform from Outperform at Leerink... Kirby (KEX) downgraded to Sector Perform from Outperform at RBC Capital... MEG Energy (MEGEF) downgraded to Equal Weight from Overweight at Barclays... Metro (MTTRY) downgraded to Underweight from Neutral at JPMorgan... OSI Systems (OSIS) downgraded to Hold following Q2 miss at BB&T... Oasis Petroleum (OAS) downgraded to Hold from Buy at Wunderlich... Pan American Silver (PAAS) downgraded to Market Perform from Outperform at FBR Capital... Qualcomm (QCOM) downgraded to Market Perform from Outperform at William Blair... Range Resources (RRC) downgraded to Equal Weight from Overweight at Barclays... Rockwell Automation (ROK) downgraded to Underperform from Market Perform at Bernstein... Royal Gold (RGLD) downgraded to Market Perform from Outperform at FBR Capital... SEI Investments (SEIC) downgraded to Underperform at Keefe Bruyette... SandRidge Energy (SD) downgraded to Sell from Hold at Wunderlich... Seadrill (SDRL) downgraded to Equal Weight from Overweight at Morgan Stanley... ServiceNow (NOW) downgraded to Neutral from Buy at MKM Partners... State Bank Financial (STBZ) downgraded to Hold from Buy at Sandler O'Neill... Sunoco Logistics (SXL) downgraded at Stifel... Tallgrass Energy GP (TEGP) downgraded to Hold from Buy at Stifel... Tallgrass Energy (TEP) downgraded to Hold from Buy at Stifel... Textron (TXT) downgraded to Hold from Buy at Drexel Hamilton... TripAdvisor (TRIP) downgraded to Underperform from Market Perform at Raymond James... Tupperware Brands (TUP) downgraded to Neutral from Overweight at Piper Jaffray... U.S. Steel (X) downgraded to Hold from Buy at Argus... United Rentals (URI) downgraded to Neutral from Buy at UBS... Welltower (HCN) downgraded to Hold from Buy at Evercore ISI... Western Gas Partners (WES) downgraded to Hold from Buy at Stifel... Whiting Petroleum (WLL) downgraded to Hold from Buy at Wunderlich.
09:05 EDTBABoeing should be aggressively bought on weakness, says Sterne Agee CRT
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08:57 EDTBABoeing guidance unexpected but free cash flow story intact, says Canaccord
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08:31 EDTBAAlcoa, Boeing agree on long-term supply deal
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08:06 EDTBABoeing awards ViaSat contract for Apache Helicopter communication terminals
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07:33 EDTTXTTextron downgraded to Hold from Buy at Drexel Hamilton
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January 27, 2016
16:36 EDTBAOn The Fly: Top stock stories for Wednesday
Stocks began the session in negative territory as sliding oil prices and disappointing guidance from Apple (AAPL) and Boeing (BA) had investors on the defensive. The averages reversed and moved into positive territory following a rally in oil, which came despite the weekly Department of Energy inventory build up coming in higher than expected. The market pared its gains heading into the Fed's rate announcement and then moved sharply lower following the central banks comments about lower growth in U.S. in 2016. Other comments were less dovish than expected and the market sold off into the close. ECONOMIC EVENTS: In the U.S., new home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. The FOMC rate decision was issued at 2:00 pm, with the Federal Reserve keeping interest rates unchanged and commenting that the "Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate... Inflation is expected to remain low in the near term, in part because of the further declines in energy prices, but to rise to 2% over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further." COMPANY NEWS: Apple (AAPL) declined $6.55, or 6.55% to $93.44 after the tech giant reported first quarter earnings that topped consensus estimates last night, but also issued revenue guidance for the new quarter that missed expectations. The company was noted by several analysts as taking a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China... Apple was not the worst performer in the Dow, however, with that distinction going to Boeing (BA). Shares of the commercial airplane maker and defense contractor plummeted $11.43, or 8.93%, to $116.58 after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast... Shell (RDS.A, RDS.B) investors approved the company's proposed acquisition of BG Group (BRGYY), with roughly 83% of votes cast in favor of the deal. MAJOR MOVERS: Among the notable gainers was SunEdison (SUNE), which added 8.7% to its already meaningful gains over the past several days after agreeing to new corporate governance initiatives with David Einhorn's Greenlight Capital, including amending its bylaws to restrict equity issuances for two years without a supermajority board vote. Also higher was Freeport McMoRan (FCX), which gained 10.95% to $4.66 after Indonesia's energy minister said he is "certain" of finding a solution to extend the company's copper export permit and as analysts applauded the company's decision to consider selling mining assets to pay down debt. Meanwhile, United Technologies (UTX), Biogen (BIIB) and Norfolk Southern (NSC) rose 0.19%, 5.15% and 1.44%, respectively, following their earnings reports. Among the noteworthy losers was DeVry (DV), which crashed 15.4% to $20.09 after the FTC filed suit over its allegedly deceptive marketing, with the Department of Education also announcing actions against the for-profit education company. Also lower were U.S. Steel (X), VMware (VMW) and Anthem (ANTM), which lost 14.35%, 9.82% and 4.74%, respectively, following their earnings reports. INDEXES: The Dow fell 222.77, or 1.38%, to 15,944.46, the Nasdaq lost 99.51, or 2.18%, to 4,468.17, and the S&P 500 declined 20.68, or 1.09%, to 1,882.95.
16:01 EDTBAOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures up 1.02 to 26.01. Option volume leaders: AAPL FB BAC NFLX FCX BABA AA X VZ BA T
14:30 EDTBABoeing added to short-term buy list at Deutsche Bank
12:11 EDTBA, TXTOn The Fly: Top stock stories at midday
Stocks began the session in negative territory and proceed to lose additional ground after the open. Despite another disappointing weekly Department of Energy inventory report, which pointed to larger than expected builds of both oil and gas stockpiles, the price of crude moved higher in later morning trading, taking equities up with it. Fed watchers have zero expectation that the central bank will announce an interest rate hike later today, but are hoping for a dovish policy statement to be issued in conjunction with the end of the latest FOMC meeting. ECONOMIC EVENTS: In the U.S., new home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. The FOMC rate decision is due out at 2 pm ET and 100% of 104 analysts surveyed by Bloomberg were aligned in predicting no change to benchmark U.S. interest rates will be announced today. While their is no chance seen that the central bank will raise rates, the language in the statement will be closely examined for any clues on the Fed's thinking about when the next rate may be coming. COMPANY NEWS: Shares of Apple (AAPL) declined about 5% after the tech giant reported first quarter earnings that topped consensus estimates last night, but also issued revenue guidance for the new quarter that missed expectation. The company was noted by several analysts as having a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China... Apple was not the worst performer in the Dow, however, as that distinction goes to Boeing (BA). Shares of the commercial airplane maker and defense contractor plummeted 7% after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast. Conversely, United Technologies (UTX), which is also in the Dow and also involved in aerospace and defense, gained 2% after backing its adjusted earnings outlook for fiscal 2016. MAJOR MOVERS: Among the notable gainers was SunEdison (SUNE), which rallied 12% after the company and David Einhorn's Greenlight Capital agreed to new corporate governance initiatives, including appointing Claire Gogel to its board and amending its bylaws to provide that it will not make equity issuances for two years without supermajority vote of the board. Also higher were Commvault (CVLT), Hess (HES) and Biogen (BIIB), which gained 13%, 10% and 8%, respectively, after reporting quarterly earnings. Among the noteworthy losers was DreamWorks Animations (DWA), which fell 4.5% after the stock was downgraded to Sell at Topeka. Also lower were U.S. Steel (X), VMware (VMW), and Textron (TXT), which were down 12%, 8.5%, and 8%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was up 37.60, or 0.23%, to 16,204.83, the Nasdaq was down 9.88, or 0.22%, to 4,557.79, and the S&P 500 was up 9.54, or 0.5%, to 1,913.17.
11:27 EDTBAOptions with increasing call volume
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10:59 EDTBABoeing says Q1 revenue to be lowest of the year
Says FY16 revenue guidance reflects the planned transition to the 737 MAX, lower F/A-18 volume, reduced 747 production and timing deliveries. Continues to see revenue growth over the remainder of the decade with seven more commercial production rate increases planned. Expects commercial airplane deliveries to increase in 2017. Says on plan to increase 787 production rate to 12 per month by mid-2016. Sees R&D spending for 2016 to be approx. $3.6B. Sees FY16 CapEx $2.8B. Sees Q1 revenue the lowest of the year, core EPS about 20% of FY EPS guidance, Q1 cash flow "near breakeven."
10:49 EDTBABoeing says to cut 777 production to 7 per month starting in 2017
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10:47 EDTBABoeing: Strategies aligned with market 'realities,' opportunities
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10:47 EDTBABoeing says sees 'generally healthy' commercial airplanes marketplace
Expects tentative labor agreement reached earlier this month with Puget Sound-based engineering unit to derisk business going forward. Says investing to be ready for eventual upturn in defense market. Continues to see "generally healthy" commercial airplanes marketplace. Says "confident" in long-term recovery in the air cargo market and the upcoming replacement cycle where it sees approx. 240 large freighters that will be over 20 years old by 2019. Says to keep "watchful eye" on evolving market conditions to ensure that supply and demand are balanced. Seeing strong growth in Chinese airline traffic, says China market currently underserved by about 1,000 aircraft. Sees low-rate production decision on tanker by spring. Says that based on discussions with customers, low oil prices have not substantially changed their views on future fleet planning or commitment to existing delivery schedules. Says plans to raise 737 jetline output to 57 jets per month in 2019. Sees ongoing demand, backlog positions company for significant revenue, earnings, cash growth in years ahead. Comments taken from the Q4 earnings conference call. Boeing is down 9.42% to $115.79 in morning trading.
10:31 EDTBABoeing hits new 52-week low
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09:49 EDTBABoeing reports Commercial Airplanes backlog of $432B
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