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Stock Market & Financial Investment News

News Breaks
November 28, 2012
05:55 EDTHXL, HXL, XLS, XLS, BEAV, BEAV, ERJ, ERJ, ATI, ATI, CAE, CAE, LMT, LMT, RTI, RTI, COL, COL, CRS, CRS, BA, BA, CACI, CACI, LLL, LLLCredit Suisse to host a conference
18th Annual Credit Suisse Aerospace and Defense Conference is being held in New York on November 28-29.
News For HXL;CACI;BA;CRS;COL;RTI;LMT;CAE;ATI;ERJ;BEAV;XLS;LLL From The Last 14 Days
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July 23, 2015
09:16 EDTLMTLockheed Martin awarded $154M contract by U.S. Navy
Lockheed Martin has been awarded a $154M contract by the U.S. Navy to upgrade the fleet's electronic warfare defenses against evolving threats.
09:06 EDTRTIAlcoa announces realignment of downstream portfolio
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09:02 EDTRTIAlcoa completes acquisition of RTI International
Alcoa (AA) announced that it has completed the acquisition of RTI International Metals (RTI). The merger, announced on March 9, became effective today. Under the terms of the merger agreement, each share of RTI common stock has been converted into the right to receive 2.8315 shares of Alcoa common stock, plus an amount of cash in lieu of fractional shares of Alcoa common stock. Alcoa expects RTI to contribute $1.2 billion in revenue in 2019, up from $794 million that RTI generated in 2014, with 65 percent of revenues supported by contracts over the next five years. RTI’s profitability is expected to reach 25 percent EBITDA margin in 2019. Contracts that underpin RTI’s growth include the recently announced contract with Airbus for finished titanium structural supply parts for the new A350-1000 aircraft program. Under the agreement, Alcoa will supply titanium parts for the fuselage, among other components. Alcoa expects global aerospace sales growth of 8 to 9 percent in 2015. Projections for 2016 and 2017 sales growth have nearly doubled to 8 and 13 percent, from 4 to 5 percent and 6 percent, respectively, showing the ongoing strength of the sector. Eighty percent of RTI’s revenues in 2014 were from the aerospace and defense industries. With RTI, Alcoa’s 2014 pro forma aerospace revenue increases by 13 percent to $5.6 billion. RTI is being integrated as a standalone business unit into Alcoa’s downstream Engineered Products and Solutions segment.
08:11 EDTBABoeing price target raised to $196 from $190 at Bernstein
Bernstein increased its price target on Boeing as the firm says that the company's margins beat its estimates, while the company's cash flows were strong. Bernstein reiterates an Outperform rating on the shares.
07:29 EDTBEAVBE Aerospace price target lowered to $55 from $65 at Canaccord
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July 22, 2015
12:32 EDTBAOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as slides in a number of big name tech stocks following their earnings reports dominated the news flow and largely dictated the market's direction. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: The tech sector has been weak, headlined of course by a 5% pullback in shares of Apple (AAPL) after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. Adding to the negative tone in tech stocks, and contributing further to the decline in the Nasdaq, was the 3% drop seen in Microsoft (MSFT) shares after its quarterly report as well as Yahoo's (YHOO) 1% decline after its revenue outlook missed the consensus forecast... Shares of Boeing (BA) and Coca-Cola (KO) fared better than Dow peer Apple after each reported better than expected sales and profits, though neither stock was moving far from where they closed yesterday's trading. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose 10% after the company agreed to be acquired by St. Jude Medical (STJ) for $3.4 billion in cash, or $63.50 per share. St. Jude shares advanced fractionally after the deal, which had been foreshadowed by media reports yesterday, was announced. Also higher following their earnings reports were Intuitive Surgical (ISRG), which gained 10%, Chipotle Mexican Grill (CMG), which advanced 8% and Whirlpool (WHR), which was up 6%. Among the noteworthy losers were a number of suppliers to Apple that declined in tandem with the tech giant after it reported a sequential drop in iPhone sales. Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report. Also sharply lower was antibody-based therapeutics maker XOMA (XOMA), which plunged more than 73% and was downgraded to Neutral at Piper Jaffray after a Phase III trial of its gevokizumab drug in patients with Behcet's disease uveitis did not meet its primary endpoint. INDEXES: Near midday, the Dow was down 82.22, or 0.46%, to 17,837.07, the Nasdaq was down 42.68, or 0.82%, to 5,165.44, and the S&P 500 was down 6.93, or 0.33%, to 2,112.28.
11:24 EDTBABoeing says market demand for 777S 'remains very strong'
Says it is building first 2 full production tankers for the U.S. Air Force. Says it does not see changes in 'demand signals' for jets. Says working to lower risk while transitioning 777 to new 777X.
10:54 EDTBABoeing CFO says commercial airplance backlog remains 'very strong'
Says 787 deferred production growing at same rate in Q3. Says company expects drop in 787 cost growth pace during Q4. Sees "strong interest" for final C-17 jet white tail. Says company expects to complete $7.5B share repurchase authorization over next two years. Says company remains focused on disciplined execution and meeting customer commitment. Sees improved cash performance offsetting tanker charge.
10:47 EDTBABoeing sees 787 program becoming cash flow positive in 2015
10:44 EDTBABoeing says 737 Max on track for first delivery in 2017
10:44 EDTBABoeing chairman: Company positioned for sustained, profitable growth
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10:30 EDTCAECAE awarded airline training solution contracts valued at more than C$115M
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09:07 EDTBEAV, BAOn The Fly: Pre-market Movers
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08:35 EDTLMTCompanies' Low Cost Terminal project completes Critical Design Review stage
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07:49 EDTHXLHexcel weakness creates buying opportunity, says RBC Capital
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07:39 EDTBABoeing reports Q2-end backlog $489B, included net orders of $18B
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07:38 EDTBABoeing backs FY15 Commercial Airplanes deliveries 750-755
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07:37 EDTBABoeing reports Q2 Defense, Space & Security revenue down 3% to $7.65B
07:37 EDTBABoeing reports Q2 Commercial Airplanes revenue up 18% to $16.88B
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07:36 EDTBABoeing says outlook for 2H15 'remains positive'
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