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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:59 EDTCKH, GDSeacor Holdings announces JV with Avista Capital Partners
Seacor Holdings (CKH) announced it entered into a joint venture with Avista Capital Partners. Avista, through a wholly-owned subsidiary, invested approximately $150M in cash for a non-controlling ownership interest in Seacor subsidiaries operating a fleet of seven U.S.-flag Jones Act vessels used for U.S. coastwise trade of crude oil, petroleum and specialty chemical products as well as a contract for the construction of three 50,000 DWT product tankers with National Steel and Shipbuilding Company, a wholly-owned subsidiary of General Dynamics (GD), with expected deliveries in May 2016, October 2016 and March 2017. The vessels will continue to be managed and crewed by SEACOR subsidiaries pursuant to ship management and crew management agreements.
News For CKH;GD From The Last 14 Days
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July 24, 2014
14:01 EDTGDGeneral Dynamics unit awarded $67M contract for Light Armoured Vehicles
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08:19 EDTGDGeneral Dynamics price target raised to $137 from $119 at Oppenheimer
Oppenheimer increased its price target on General Dynamics after the company reported Q2 results that the firm views as strong and significantly raised its EPS guidance. The firm thinks the outlook for the company's Gulfstream and Combat Systems units appear positive. It keeps an Outperform rating on the shares.
08:01 EDTGDGeneral Dynamics price target raised to $133-$137 from $120-$125 at Wells Fargo
Wells Fargo increased its price target on General Dynamics as the firm thinks the company reported impressive Q2 results. The firm expects the turnarounds in the company's Jet Aviation and European Land Systems units to be sustained. It keeps an Outperform rating on the shares. .
July 23, 2014
09:14 EDTGDGeneral Dynamics: Q3 results to be similar to Q2, but expects a strong Q4
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09:14 EDTGDGeneral Dynamics raises FY14 EPS cont ops to $7.40-$7.45 from $6.80-$6.85
FY14 EPS consensus of $7.33; Sees FY14 revenue $30.2B, consensus $30.39B. Expects FY14 operating margin of 12.5%. Sees FY14 effective tax rate in low end of guidance of 30.5%-31%. Comments taken from Q2 earnings conference call.
07:06 EDTGDGeneral Dynamics repurchased 10.7M outstanding shares in Q2
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07:04 EDTGDGeneral Dynamics reports Q2-end backlog $71.1B
Total backlog at the end of Q2 was $71.1B, 27% over Q1. Estimated potential contract value, representing management's estimate of value in unfunded indefinite delivery, indefinite quantity contracts and unexercised options, was $28.4B. At the end of the quarter, total potential contract value, the sum of all backlog components, was $99.5B. Orders in the Aerospace group were strong in the quarter, including healthy activity across the group's portfolio. The company said, "General Dynamics' strong second quarter performance reflects our continued focus on program execution and operational improvements. We have a solid building block for the future with an increased defense backlog and robust order activity across the portfolio of Gulfstream business jets."
07:02 EDTGDGeneral Dynamics reports Q2 cont. ops. EPS $1.88, consensus $1.77
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July 22, 2014
15:30 EDTGDNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.

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