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Stock Market & Financial Investment News

News For GD;LMT;SSYS;BA;NOC;HON;AA;SPA;RTN;BAESY;HXL;DASTY From The Last 14 Days
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July 31, 2015
09:25 EDTSSYSOn The Fly: Pre-market Movers
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07:40 EDTHONHoneywell acquisition positive, says Bernstein
After Honeywell bought smart meter maker Elster for about $5.1B, Bernstein says that the business should be an attractive growth driver for Honeywell. The firm estimates that accretion from the deal will rise to 30c-40c per share over five years and generate double digit ROIC for Honeywell. Bernstein keeps a $124 price target and Outperform rating on Honeywell.
07:39 EDTSSYSStratasys price target lowered to $30 from $40 at Stephens
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07:25 EDTSSYSStratasys downgraded to Sell from Neutral at UBS
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05:35 EDTSSYSStratasys upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Troy Jensen upgraded Stratasys (DDD) to Overweight following yesterday's post-earnings pullback in shares. The 3D printing industry will return to more normalized grow rates in 2016 and Stratasys will grow faster than the market, Jensen tells investors in a research note. Despite lowering his near-term earnings and revenue assumptions, the analyst remains upbeat regarding the longer-term outlook for both the industry and the company. He lowered his price target for shares to $39 from $42. Stratasys closed yesterday down $3.82 to $32.67. Other names in the 3D printing space also dropped yesterday after Stratasys reported Q2 results and withdrew its 2015 outlook. The company's peers include 3D Systems (DDD) and voxeljet (VJET).
July 30, 2015
19:28 EDTBABoeing reassigns exec to fix refueling project in wake of $835M charge, WSJ says
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18:13 EDTSSYSOn The Fly: Top stock stories for Thursday
The market began the session in negative territory following the release of second quarter GDP data below economists' estimates. Continuing this morning's slow start, the indexes churned in negative territory for the first half of the day before turning mixed near noon. The Dow and S&P generally lagged behind the Nasdaq, with the S&P narrowly edging into positive territory by session close. ECONOMIC EVENTS: In the U.S., gross domestic product was estimated to have grown at a 2.3% annualized rate in the second quarter, though expectations were for GDP growth of 2.7%. The government also upwardly revised its estimate of first quarter GDP growth to 0.6% from a prior estimate of 0.2% contraction in the period. Initial jobless claims rose 12,000 to 267,000 in the week ended July 25, which was a bit below the expected 270,000 first-time claims. COMPANY NEWS: Facebook (FB) reported earnings and revenues last night that topped expectations, but its shares slid $1.78, or 1.84%, to $95.21 as the social network's growth in daily averages users fell a bit short of the consensus forecast and may have missed the high, "whisper" expectations for its report... Shares of Whole Foods (WFM) sunk 11.61% to $36.08 and hit a 52-week low of $35.57 during the session after the company reported weaker than expected results and provided lower than expected profit guidance. Several analysts downgraded shares of the organic foods grocer in the wake of its quarterly report and outlook. MAJOR MOVERS: Among the notable gainers was T-Mobile (TMUS), which advanced $1.82, or 4.91%, to $38.86 after handily beating analyst estimates and raising its outlook for yearly net customer additions forecast. Also higher following their earnings reports were Mondelez (MDLZ) and WWE (WWE), gaining a respective 5.03% and 17.48%. Among the noteworthy losers was Stratasys (SSYS), which fell $3.82, or 10.47%, to $32.67 after the company rescinded its fiscal year guidance, citing a lack of visibility on growth in the market. The news built on continued fears of overcapacity in the sector, leading to session losses for numerous 3D printer stocks, including an 8.94% drop for peer 3D Systems (DDD). Also lower was Qorvo (QRVO), which declined $9.99, or 14.17%, to $60.49 after its second quarter guidance significantly trailed analyst estimates, after which the stock saw price target reductions from BMO and Brean. Additionally, LinnCo (LNCO) declined $1.83, or 29.33%, to $4.41 after parent company Linn Energy (LINE) announced plans to suspend dividends and reserve roughly $450M from annualized distributions, which saw Linn also slipping 26.32% to $4.76. INDEXES: The Dow fell 5.41, or 0.03%, to 17,745.98, the Nasdaq gained 17.05, or 0.33%, to 5,128.79, and the S&P 500 advanced 0.06, or 0.00%%, to 2,108.63.
16:32 EDTSSYSStratasys downgraded to Underperform from Neutral at BofA/Merrill
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13:21 EDTBAAvolon delivers one Boeing 737-800 aircraft to Aeromexico
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13:03 EDTSSYSStratasys pulls 3D printing sector lower after retracting guidance
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10:38 EDTSSYSStratasys growth to return after inventory workdown, says Piper Jaffray
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10:02 EDTLMTLockheed Martin tests design changes for Orion fairing separation system
Lockheed Martin said its engineers have successfully completed testing of design changes made to the NASA Orion spacecraft's fairing separation system. These changes resulted from data collected during Orion's first test flight on December 5, 2014. The separation took about three seconds and the design changes tested were: New push-off springs that push on the fairing for a longer period of time to provide increased safety and reliability. As part of an ongoing mass reduction effort, the team used four crew module structural attachments instead of six. Star trackers, or cameras that provide positioning from the stars, are used for navigation on the spacecraft. The fairing separation system pulls off the star tracker covers which prevent contamination before launch, and this process was tested for the first time.
09:25 EDTSSYSOn The Fly: Pre-market Movers
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09:21 EDTGDGeneral Dynamics downgraded to Hold from Buy at Drexel Hamilton
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07:09 EDTGDGeneral Dynamics price target raised to $165-$170 from $151-$155 at Wells Fargo
Wells Fargo increased its price target on General Dynamics after the company reported higher than expected Q2 sales and margins and raised its guidance. The firm thinks the stock could trade at a premium to other defense contractors because Wells believes that it, unlike its peers, will continue to use its excess cash to buy its shares. Wells keeps an Outperform rating on the shares.
07:02 EDTSSYSStratasys sees Q3 non-GAAP EPS 3c-13c, consensus 47c
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07:01 EDTSSYSStratasys withdraws FY15 guidance
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06:58 EDTSSYSStratasys reports Q2 non-GAAP EPS 15c, consensus 15c
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July 29, 2015
17:05 EDTNOC, GDOn The Fly: Top stock stories for Wednesday
Stocks began the session in positive territory but soon turned mixed as the tech heavy Nasdaq was unable to hold its gains. The Federal Reserve's statement that accompanied its rate decision was little changed from its last meeting, keeping investors optimistic about a possible delay in its first interest rate hike in many years. ECONOMIC EVENTS: In the U.S., the Federal Reserve concluded a two-day meeting on monetary policy and kept benchmark interest rates unchanged between 0% and 0.25%, as expected. The Fed said information received since the last time the FOMC met indicates that economic activity has been expanding "moderately" in recent months, noting that the labor market continued to improve, with "solid job gains and declining unemployment." The central bank repeated that even after employment and inflation near "mandate-consistent levels," economic conditions may warrant keeping the target federal funds rate below "normal" levels. An index of pending home sales fell 1.8% in June, versus expectations for it to have risen 1% compared to the prior month. In China, the Shanghai composite index rose 3.4%, stemming its most recent stretch of declines, though the index is still deeply in the red on a week-to-date basis. COMPANY NEWS: Shares of Twitter (TWTR) fell $5.30, or 14.5%, to $31.24 after the company reported better than expected quarterly results but its management tempered expectations about its user growth. Several analysts cut their price targets on the stock and warned its shares may be range bound in the near-term, but maintained their buy ratings on the stock based on the social network operator's long-term potential. Analysts were not as ready to jump to the defense of another Internet stock, Yelp (YELP), which plunged $8.40, or 25.07%, to $25.11 after the local business review site operator reported lower than expected profit and lowered its fiscal year revenue guidance. At least eight research firms downgraded the stock after the company's outlook missed expectations and it announced the exit of brand advertising... Two defense contractors, Northrop Grumman (NOC) and General Dynamics (GD), advanced after each topped expectations with their quarterly reports and raised their fiscal year outlooks. General Dynamics shares gained 3.93% to $149.96 following its "beat and raise" report, while Northrop jumped 6.18% to $173.44. MAJOR MOVERS: Among the notable gainers was Cytec Industries (CYT), which gained 27.04% to $74.19 after agreeing to be acquired by Brussels-based Solvay (SVYZY) for $75.25 per share in cash, corresponding to an enterprise value of $6.4B. Among the noteworthy losers was Tableau Software (DATA), which fell $13.58, or 10.67%, to $113.64 after its earnings report. Cantor Fitzgerald analyst Brian White attributed today's pullback in shares to "very high" expectations going into the quarter, while Wedbush said Tableau's Q2 deceleration was due to difficulty in sustaining its "extraordinarily high" growth rate. Also lower were shares of Medivation (MDVN), which fell $8.77, or 8.39%, to $95.74 after Cowen analyst Eric Schmidt said prescription trends for the company's prostate cancer drug Xtandi have "slowed considerably." Schmidt, who thinks consensus expectations calling for Xtandi sales topping $3B in sales by 2019 are "far too high," recommended selling the shares and lowered his price target on the stock to $77. INDEXES: The Dow rose 121.12, or 0.69%, to 17,751.39, the Nasdaq gained 22.53, or 0.44%, to 5,111.73, and the S&P 500 advanced 15.32, or 0.73%, to 2,108.57.
13:59 EDTBABoeing mulls moving operations overseas, Reuters reports
Boeing chairman Jim McNerney said that the company is actively considering moving key parts of the firm overseas amid the ongoing debate in U.S. Congress over the future of the Export-Import Bank, Reuters reports, citing an interview with McNerney hosted by the Economic Club of Washington. McNerney added that Boeing was considering moving certain operations to countries offering export credits, the report says. Reference Link
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