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Stock Market & Financial Investment News

News Breaks
August 14, 2014
10:01 EDTGD, LMTGD C4 Systems SATCOM Technologies receives contract from Lockheed
General Dynamics (GD) C4 Systems SATCOM Technologies received a contract from Lockheed Martin (LMT) to design and build the ground structures and integrate the mechanical systems for the U.S. Air Force Space Fence program. The new advanced ground-based radar system will enhance the way the U.S. detects and tracks more than 100K orbiting objects in space and increase the ability to prevent space-based collisions. The improved situational awareness will help protect space-based assets like the International Space Station from potential collisions that could severely damage, disable or destroy it. Construction of the Space Fence ground system will begin mid-2015 on the Kwajalein Atoll in the Republic of the Marshall Islands. The U.S. Air Force contract value awarded to Lockheed Martin is greater than $910M.
News For GD;LMT From The Last 14 Days
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October 23, 2014
11:11 EDTGDGeneral Dynamics unit receives $18.9M contract from U.S. Navy
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10:01 EDTGDGeneral Dynamics receives DMCC contract from NSA
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10:01 EDTLMTOn The Fly: Analyst Upgrade Summary
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08:37 EDTLMTLockheed Martin upgraded at Argus
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08:13 EDTLMTLockheed Martin upgraded to Buy from Hold at Argus
October 22, 2014
17:28 EDTLMTLockheed Martin awarded $110.52M government contract
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09:14 EDTGDGeneral Dynamics: Aerospace to enjoystrong order intake in Q4
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09:14 EDTGDGeneral Dynamics raises FY14 EPS cont ops to 7.60-$7.70 from $7.40-$7.45
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08:05 EDTLMTLockheed Martin provides operational support for US border protection
Lockheed Martin is providing operational support for a Persistent Threat Detection System aerostat system that is being evaluated by the Department of Homeland Security Customs and Border Protection along the Southern border of the United States. Currently protecting coalition forces overseas, the U.S. Army uses PTDS to help troops identify threats, track insurgents, and enhance overall readiness for the men and women in theater. With the troop drawdown, more of the systems are becoming available for other uses.
07:07 EDTGDGeneral Dynamics reports end Q3 backlog $74.4B
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07:06 EDTGDGeneral Dynamics reports Q3 EPS $2.06, consensus $1.91
Reports Q3 revenue $7.75B, consensus $7.58B. Company-wide operating margins for Q3 were 12.9%, 50 basis points higher than third-quarter 2013 margins.
October 21, 2014
16:36 EDTLMTOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed existing homes sales hit their fastest pace in a year during September and Apple (AAPL) gave a better than expected sales forecast for its December quarter. ECONOMIC EVENTS: In the U.S., existing home sales beat estimates in September, rising 2.4% from the prior month to a 5.17M rate. In China, GDP slowed to 7.3% year-over-year growth pace in Q3 from 7.5% in Q2, though that was slightly better than expected. Chinese industrial production expanded at a 8.0% rate in September, which was well above projections and up from 6.9% growth in August. China's retail sales grew 11.6% in September compared to the prior year, which was nearly in-line with expectations. COMPANY NEWS: Shares of Apple rose $2.71, or 2.72%, to $102.47 after the company reported better than expected quarterly results and gave a better than expected forecast for its sales during the holiday quarter. Following last night's report, analysts at Cantor Fitzgerald said the iPhone maker "executed impressively" in Q4 and provided a strong outlook for Q1. The firm, which believes investors should "start thinking more boldly" about the company, raised its price target for shares to $143 from $123 and kept a Buy rating on the stock... Five of the Dow's 30 members reported on their quarterly results this morning and Coca-Cola (KO) was the clear loser in the bunch. The soda giant's shares dropped $2.61, or 6.03%, to $40.68 after its revenue missed expectations, it warned that it now expects to be below its long-term EPS growth target for 2014, and the company announced new cost-saving measures. Among the other four, McDonald’s (MCD) fell 0.63%, Verizon (VZ) added 0.43%, United Technologies (UTX) gained 0.49%, and Travelers (TRV) rose 1.12%. MAJOR MOVERS: Among the notable gainers following their earnings reports were medical equipment manufacturer Waters (WAT), which rose $9.63, or 9.87%, to $107.17, and motorcycle maker Harley-Davidson (HOG), which advanced $4.27, or 7.31%, to $62.65. Among the noteworthy losers was Ocwen Financial (OCN), which plunged $4.78, or 18.2%, to $21.48 after the company was called out by the New York Department of Financial Services for erroneously dated letters to borrowers. Benjamin Lawsky, the Superintendent for the NYDFS, stated in his letter to the company that if his department concludes it cannot trust Ocwen's systems and processes, "then it cannot trust Ocwen is complying with the law." Also lower following their earnings reports were Mexican restaurant operator Chipotle (CMG), which fell $45.48, or 6.96%, to $607.55, and defense contractor Lockheed Martin (LMT), which slid $2.92, or 1.66%, to $172.61. INDEXES: The Dow gained 215.14, or 1.31%, to 16,614.81, the Nasdaq advanced 103.40, or 2.4%, to 4,419.48, and the S&P 500 rose 37.27, or 1.96%, to 1,941.28.
15:35 EDTGDNotable companies reporting before tomorrow's open
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07:32 EDTLMTLockheed Martin reports Q3 Aeronautics sales down 2% to $3.54B
Reports Q3 Information Systems & Global Solutions sales down 5% to $1.95B; Reports Q3 Missiles and Fire Control sales down 5% to $1.91B; Reports Q3 Mission Systems and Training sales down 1% to $1.68B; Reports Q3 Space Systems sales up 4% to $2.03B.
07:28 EDTLMTLockheed Martin expects FY15 sales to decline at low single digit rate
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07:27 EDTLMTLockheed Martin raises FY14 EPS to $11.15 from $10.85-$11.15, consensus $11.14
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07:26 EDTLMTLockheed Martin reports Q3 cash from operations was $990M
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07:25 EDTLMTLockheed Martin reports Q3 EPS cont ops $2.76, consensus $2.71
Reports Q3 revenue $11.11B, consensus $11.28B
October 20, 2014
15:36 EDTLMTNotable companies reporting before tomorrow's open
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October 17, 2014
16:56 EDTGDLongview Asset reports 9.97% stake in General Dynamics
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