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Stock Market & Financial Investment News

News Breaks
February 20, 2013
04:55 EDTBWA, BWA, AVY, AVY, CMI, CMI, DHR, DHR, UNP, UNP, HON, HON, MTZ, MTZ, SPR, SPR, WSO, WSOBarclays to host a conference
Industrial Select Conference is being held in Miami on February 20-21.
News For BWA;AVY;CMI;DHR;UNP;HON;MTZ;SPR;WSO From The Last 14 Days
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October 17, 2014
11:58 EDTSPRTextron 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%.
10:11 EDTHONHoneywell says 'never say never' on larger acquisitions priced $5B-$10B
The company said, "We've never done it, but doesn't mean we won't."
10:05 EDTHONHoneywell says strength of US dollar will be minor headwind in 2015
10:00 EDTBWAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Neutral at Nomura... AMD (AMD) upgraded to Sector Perform from Underperform at Pacific Crest... Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital... Basic Energy (BAS) upgraded to Outperform from Market Perform at Cowen... BorgWarner (BWA) upgraded to Buy from Hold at Deutsche Bank... CA Technologies (CA) upgraded to Overweight from Equal Weight at Barclays... Calumet Specialty Products (CLMT) upgraded to Outperform at Wells Fargo... DHT Holdings (DHT) upgraded to Buy from Hold at Evercore... Exelon (EXC) upgraded to Neutral from Sell at Citigroup... Fifth Third Bancorp (FITB) upgraded to Buy from Neutral at Citigroup... Goldman Sachs (GS) upgraded to Outperform from Market Perform at Keefe Bruyette... Helmerich & Payne (HP) upgraded to Buy from Neutral at UBS... Hilton (HLT) upgraded to Buy from Neutral at SunTrust... Hyatt Hotels (H) upgraded to Outperform from Neutral at Macquarie... IPG Photonics (IPGP) upgraded at Stifel... ITC Holdings (ITC) upgraded to Neutral from Underperform at Credit Suisse... Manpower (MAN) upgraded to Outperform from Market Perform at Avondale... Nabors Industries (NBR) upgraded to Outperform from Market Perform at Cowen... Newpark Resources (NR) upgraded at Cowen... Old Dominion (ODFL) upgraded to Buy from Neutral at Longbow... PDC Energy (PDCE) upgraded at SunTrust... Patterson-UTI (PTEN) upgraded to Buy from Neutral at UBS... PrivateBancorp (PVTB) upgraded to Outperform from Neutral at Macquarie... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... RPC, Inc. (RES) upgraded at Cowen... Sonoco (SON) upgraded to Neutral from Underperform at DA Davidson... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... SunEdison (SUNE) upgraded to Outperform at Cowen... TSMC (TSM) upgraded to Buy from Neutral at Mizuho... Tesco (TESO) upgraded to Outperform from Market Perform at Cowen... UnitedHealth (UNH) upgraded to Outperform from Market Perform at Leerink... Xilinx (XLNX) upgraded to Outperform from Market Perform at Wells Fargo.
09:56 EDTHONHoneywell 'confident' in FY14 EPS achieving high end of guidance
Comments taken from Q3 earnings conference call.
09:23 EDTHONHoneywell sees short cycle steady growth with relative strength in US
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08:52 EDTDHRDanaher valuation remains attractive, says Bernstein
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07:26 EDTDHRDanaher weakness a buying opportunity, says Argus
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07:07 EDTHONHoneywell planning for a slow growth macro environment in 2015
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07:07 EDTHONHoneywell reports Q3 organic sales growth 5%
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07:03 EDTHONHoneywell reports Q3 segment margin 17.4%, Q3 operating income margin 16.2%
07:03 EDTHONHoneywell raises FY14 EPS to $5.50-$5.55 from $5.45-$5.55, consensus $5.54
Raises FY14 revenue to $40.3B-$40.4B from $40.2B-$40.4B, consensus $40.39B; Raises FY14 segment margin to 17% from 16.8%-17%; Raises FY14 operating income margin to 15.6% from 15.4%-15.6%; Narrows FY14 free cash flow to $3.9B from $3.8B-$4B
07:00 EDTHONHoneywell reports Q3 EPS $1.47, consensus $1.41
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06:28 EDTBWABorgWarner upgraded to Buy from Hold at Deutsche Bank
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October 16, 2014
15:26 EDTHONNotable companies reporting before tomorrow's open
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15:01 EDTHONHoneywell October 87 straddle priced for 2.7% move into Q3
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14:06 EDTUNPUnion Pacific upgraded to Outperform from Peer Perform at Wolfe Research
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08:37 EDTUNPUnion Pacific weakness overdone, says Bernstein
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06:05 EDTDHRDanaher sees Q4 EPS $1.00-$1.04, consensus $1.04
Included in this range is approximately $125M, or approximately 13c per diluted share, of anticipated productivity charges that are partially offset by an approximate 7c per diluted share anticipated gain on the sale of marketable securities. Thomas P Joyce, Jr., president and CEO, stated, "The Danaher team executed well, using the Danaher Business System to expand margins, generate strong cash flow performance, drive meaningful share gains and deliver better-than-expected earnings. As we plan for 2015, we remain mindful of the challenging macroeconomic outlook including the recently stronger dollar. However, we believe our focus on high-impact growth investments and margin expansion, combined with our robust balance sheet and M&A capacity, position us to finish 2014 well and drive long term results."
06:02 EDTDHRDanaher reports Q3 EPS 95c, consensus 89c
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