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Stock Market & Financial Investment News

News Breaks
December 27, 2012
06:34 EDTRTN, GD, LMIA, NOC, BA, BAESY, LLL, FLIR, COL, LMTDefense industry wants focus on budget cut as fiscal cliff nears, Bloomberg says
The defense industry wants Congress to delay the battle over taxes and focus on avoiding the automatic budget cuts that begin in just six days, reports Bloomberg. While defense companies have lobbied against the budget cuts, the partisan dispute over extending tax cuts have grabbed the most attention as the deadline for the so- called fiscal cliff nears. Reference Link
News For LLL;LMIA;LMT;BAESY;GD;COL;BA;RTN;FLIR;NOC From The Last 14 Days
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January 27, 2016
07:31 EDTBABoeing reports Q4 core EPS $1.60, consensus $1.27
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06:59 EDTBA, GDOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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January 26, 2016
16:20 EDTLMTOn The Fly: Top stock stories for Tuesday
Stocks began Tuesday in positive territory, once again trading in tandem with oil prices. The Dow led today's gains thanks in part to earnings reports from 3M (MMM), Proctor & Gamble (PG) and Johnson & Johnson (JNJ), though the Nasdaq struggled early in the day. Following a better than expected reading on consumer confidence and a rip in oil prices, stocks continued to pile on gains in the afternoon, with the major indexes all going out near their highs. ECONOMIC EVENTS: In the U.S., the S&P/Case-Shiller 20-city home price index rose 5.8% from the prior year in November, topping expectations for a 5.7% year-over-year increase. The separate FHFA house price index showed a monthly gain of 0.5% in November, matching the consensus forecast. Markit's services PMI for January came in at 53.7, missing the 54.0 forecast. The preliminary reading of the Conference Board's consumer confidence index for January came in at 98.1, topping the 96.5 reading that was expected. In Asia, Japan's Nikkei index fell 2.35% while China's Shanghai composite slid 6.4%. COMPANY NEWS: Earnings season accelerated Tuesday as major members of the bluechip Dow Jones Industrial Average posted results before the opening bell. 3M lead the pack with a gain of 5.16% to $144.79, while Johnson & Johnson, Procter & Gamble and DuPont (DD) added 4.86%, 2.55% and 0.89%, respectively, following their reports... AIG (AIG) provided its much-anticipated strategy update, committing to return at least $25B to shareholders over the next two years and announcing the sale of AIG Advisor Group to Lightyear Capital and PSP Investments. The company, under ongoing pressure from activist investors including Carl Icahn, also said it will publicly offer a portion of its United Guaranty unit, though it expressly rejected a full company breakup. MAJOR MOVERS: Among the notable gainers was Terex (TEX), which surged 36.5% to $20.48 after receiving a $30 per share acquisition offer from China's Zoomlion. Terex peers Manitowoc (MTW), Joy Global (JOY) and Oshkosh (OSK) also saw respective gains of 16%, 9.5% and 5.5% after the news. In other M&A news, FirstMerit (FMER) jumped 18.35% after a merger agreement with Huntington Bancshares (HBAN). Also higher was Weight Watchers (WTW), which rose nearly 20% to $13.32 after noted shareholder and partner Oprah Winfrey tweeted a video detailing her progress and weight loss using the company's program. In addition, Sprint (S) soared 18.65% to $2.99 after reporting losses for the quarter that were not as steep as expected and raising its fiscal year EBITDA forecast. Among the noteworthy losers was Leidos (LDOS), which declined 9% to $48.83 after reaching an agreement with Lockheed Martin (LMT) to combine with the company's realigned Information Systems & Global Solutions unit in a Reverse Morris Trust transaction. Also lower was Centene (CNC), which lost 2.26% to $59.99 after revealing it has potentially misplaced six hard drives containing personal data on nearly 1M individuals. Meanwhile, Polaris (PII) dipped 9.15% to $72.99 after its fourth quarter report. INDEXES: The Dow rose 282.01, or 1.78%, to 16,167.23, the Nasdaq gained 49.18, or 1.09%, to 4,567.67, and the S&P 500 advanced 26.55, or 1.41%, to 1,903.63.
14:49 EDTGDGeneral Dynamics volatility increases into Q4 and outlook
General Dynamics January weekly call option implied volatility is at 26, March is at 23; compared to its 52-week range of 15 to 32, suggesting near term price movement into the expected release of Q4 results on January 27.
14:32 EDTBABoeing volatility elevated into Q4 and outlook
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14:32 EDTBA, GDNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Novartis (NVS), consensus $1.18... Boeing (BA), consensus $1.26... United Technologies (UTX), consensus $1.52... Biogen (BIIB), consensus $4.08... EMC (EMC), consensus 65c... General Dynamics (GD), consensus $2.38... Anthem (ANTM), consensus $1.22... Illinois Tool Works (ITW), consensus $1.21... State Street (STT), consensus $1.18... Norfolk Southern (NSC), consensus $1.24... Progressive (PGR), consensus 47c... St. Jude Medical (STJ), consensus $1.01... Rockwell Automation (ROK), consensus $1.33... Textron (TXT), consensus 83c... Hess (HES), consensus ($1.47)... Cliffs Natural (CLF), consensus (26c).
13:16 EDTBAEarnings Watch: Boeing to recognize $569M after-tax charge in Q4
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11:28 EDTLMTLockheed Martin expects F-35 fighter output to grow to 60 in 2016, 100 by 2018
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11:12 EDTLMTLockheed Martin expects 53 F-35 fighter jet deliveries in 2016
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11:09 EDTLMTLockheed Martin sees new interest in search and rescue helicopters
11:07 EDTLMTLockheed Martin says increase in DoD budget shows need to respond in environment
11:06 EDTLMTLockheed Martin plans to adjust financial outlook when spin-off closes
Comments taken from Q4 earnings conference call.
11:01 EDTLMTLockheed Martin sees 2017 and beyond sales growth rate to be higher
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07:10 EDTLMTLeidos confirms agreement to combine with Lockheed Martin units
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07:07 EDTLMTLockheed Martin reports Q4 Aeronautics sales $4.38B
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07:06 EDTLMTLockheed Martin sees FY16 EPS $11.45-$11.75
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07:04 EDTLMTLockheed Martin reports Q4 EPS $3.01, consensus $2.92
Reports Q4 revenue $12.9B vs. $12.5B last year. Fourth quarter 2015 net earnings included a special charge for workforce reductions of $67 million, which decreased net earnings $44 million, or $0.14 per share; and non-recoverable transaction costs of $45 million associated with the acquisition of Sikorsky Aircraft Corporation and the Corporation's strategic review of its government IT and technical services businesses, which decreased net earnings $28 million, or $0.09 per share. These costs were offset by the recognition of a full-year U.S. research and development tax credit resulting from the enactment of tax legislation in the fourth quarter of 2015, which increased net earnings $71 million, or $0.23 per share. Fourth quarter 2014 net earnings included a special charge for a non-cash goodwill impairment of $119 million, which decreased net earnings $107 million, or $0.33 per share, partially offset by the recognition of a full-year R&D tax credit due to the temporary reinstatement of the R&D tax credit in the fourth quarter of 2014, which increased earnings $45 million, or $0.14 per share.
07:03 EDTLMTLockheed Martin to separate and combine IT/tech service units with Leidos
Lockheed Martin (LMT) has entered into a definitive agreement to separate and combine its realigned Information Systems & Global Solutions business segment with Leidos (LDOS) in a tax-efficient Reverse Morris Trust transaction, unlocking $5 billion in estimated enterprise value for Lockheed Martin stockholders. The agreement aims to align IS&GS's business with an industry leader in government IT and technical services, creating an enterprise capable of providing unparalleled solutions in industries from national security to health and life sciences. Subject to regulatory approvals, the $5B transaction includes a $1.8B one-time special cash payment to Lockheed Martin, which the Corporation intends to use to repay debt, pay dividends, and/or repurchase its stock. The cash payment is subject to adjustment on the terms set forth in the transaction documents. Lockheed Martin stockholders will receive approximately 50.5% of the outstanding equity of Leidos on a fully diluted basis with an estimated value of $3.2B. Leidos' existing shareholders will continue to hold the remaining approximately 49.5% of the outstanding shares of Leidos. The transaction structure, which is subject to market conditions, is currently contemplated to be a tax-efficient split-off transaction, which would result in a decrease in Lockheed Martin share count. The transaction is also subject to Leidos shareholder approval and completion of customary conditions, including receipt of opinions of tax counsel. The transaction is expected to close in the third or fourth quarter of 2016. Until closing, IS&GS will continue to operate as a business segment of the Corporation.
07:02 EDTFLIRInternational Exposition Company to hold an expo
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07:02 EDTLMTLockheed Martin to separate and combine IT/tech service units with Leidos
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