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Stock Market & Financial Investment News

News Breaks
June 12, 2014
12:26 EDTLMT, UTX, GD, NOC, RTN, BAESY, BAU.S. calls on NATO allies to spend more on defense, Defense News says
America's NATO allies need to spend more on defense, U.S. National Security Adviser Susan Rice said yesterday, according to Defense News. Publicly traded defense companies include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX). Reference Link
News For LMT;UTX;GD;NOC;RTN;BAESY;BA From The Last 14 Days
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October 21, 2014
09:03 EDTUTXUnited Technologies reports Q3 organic growth of 5%
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08:06 EDTNOCNorthrop Grumman by Airbus Helicopters
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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
07:10 EDTBAESYBAE Systems acquires SilverSky
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07:04 EDTUTXUnited Technologies reaffirms FY14 EPS view $6.75-$6.85, consensus $6.84
UTC Chairman and CEO Louis Chenevert said, "With double-digit earnings and 4% organic sales growth through the first three quarters, UTC remains on track to deliver on our expectations for the year. Our solid backlog and organic growth trends continue to give us confidence in our earnings per share range of $6.75 to $6.85, on sales of about $65B." FY14 revenue consensus $65.26B. UTC now expects share repurchase of $1.5B for the year, up from the previous expectation of $1.35B. As a result of ongoing investment to support the aerospace upcycle, the company continues to anticipate 2014 cash flow from operations less capital expenditures of about 90% of net income attributable to common shareowners.
07:01 EDTUTXUnited Technologies reports Q3 EPS ex-items $1.82, consensus $1.81
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06:11 EDTBAESYBAE Systems to acquire SilverSky for $232.5M on cash free, debt free basis
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October 20, 2014
15:36 EDTUTX, LMTNotable companies reporting before tomorrow's open
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13:01 EDTBABoeing partners with Kenya Airways
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12:36 EDTUTXUnited Technologies technical notes ahead of earnings
In the past three months the shares have traded down more than 10%, underperforming the broader averages. The trend is distinctly down in the past three months, but that is part of a larger trend that began after price peaked in early June of this year. The long-term uptrend line has also been broken by this recent price action, leaving the technical picture distinctly bearish. If earnings and outlook continue to be below expectations, next support would be at $99.83. Additional downside objectives, on an increasing scale of bearish news, may be at the following support levels: $96.53, $92.94, and $91.15. If the news surprises on the upside, first major resistance would be at $106.07. A move above that level would put the stock back on a more neutral price path. Additional upside objectives might be at resistance at $109.22, and $110.06.
06:10 EDTBALufthansa publishes timetable in response to VC planned strike
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October 19, 2014
12:58 EDTUTXUnited Technologies worth a second look, Barron's says
United Technologies stock valuation and dividend yield are starting to look attractive at current levels and if the market rebounds, then the stock should outperform, Barron's contends in its 'The Trader' column. Reference Link
October 17, 2014
16:56 EDTGDLongview Asset reports 9.97% stake in General Dynamics
11:58 EDTBATextron rallies after better than expected Q3 EPS, raising FY14 profit outlook
Shares of aircraft and defense company Textron (TXT) are advancing after the firm reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. WHAT'S NEW: Textron this morning reported Q3 EPS from continuing operations of 57c and revenue of $3.43B, compared to consensus of 52c and $3.63B, respectively. Aviation revenue for the quarter came in at $1.08B, Bell revenue was $1.18B, Systems revenue was $358M, Industrial revenue was $785M and Finance revenue was $25M for the quarter. Chief Executive Officer Scott Donnelly said commented that the increased revenues at Aviation, Industrial and Bell primarily reflected the success of its new product investment and acquisition strategies. Donnelly said the company achieved significant margin improvement in the quarter at Textron Aviation, which reflected higher volumes and better performance. Bell also had improved performance in Q3, Donnelly said, leading to an increase in quarterly margins compared to last year. WHAT’S NOTABLE: The company raised its FY14 EPS from continuing operations view to $2.05-$2.15 from $1.92-$2.12, in line with analysts' consensus estimates of $2.07. Textron also raised its FY14 outlook for cash flow from continuing operations of the manufacturing group before pension contributions to $700M-$800M, with expected pension contributions of around $83M. On the company's earnings conference call, management said it saw a pickup of orders in September and October in the new aircraft market. The company said it is also seeing significant contributions from its M&A investments. PRICE ACTION: In late morning trading, Textron rose $4.16, or about 12.4%, to $37.82 on heavy trading volume. Including today’s advance, the stock has gained approximately 36% over the past twelve months. OTHERS TO WATCH: Other companies in the aircraft and defense business include Boeing (BA), up 2.6%, Spirit Aerosystems (SPR), up 3.8%, and Embraer SA (ERJ) up 3.9%.
07:32 EDTBABoeing volatility elevated into Q3 and outlook
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07:31 EDTBAEMC volatility elevated into Q3 results and outlook
EMC October weekly call option implied volatility is at 51, November is at 34, January is at 27; compared to its 26-week average of 23 into the expected release of Q3 results on October 22.
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