New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:24 EDTUTX, BDRBFPratt & Whitney says Cseries defect is seal problem in oil system, Reuters says
Executives at Pratt & Whitney, a division of United Technologies (UTX), said a defect on the engines for Bombardier's (BDRBF) CSeries aircrafts was because of a seal in the oil system that would require a relatively minor adjustment, and had nothing to do with the low pressure turbine, according to Reuters, citing comments from Pratt Commercial Engines president David Brantner. Bombardier's CSeries narrow-body aircrafts have been grounded since the end of May after a major engine failure in testing. Reference Link
News For UTX;BDRBF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 30, 2014
10:46 EDTUTXUnited Technologies unit pulls out of $3B Polish helicopter tender, Reuters says
Sikorsky Aircraft, a unit of United Technologies (UTX), which was competing with Airbus (EADSY) and Finmeccanica's AugustaWestland, has withdrawn from the bidding for a $3B contract to supply helicopters to the Polish military because it would have been impossible for them to deliver their Black Hawk copters according to the tender requirements, reported Reuters, citing a statement from the company. Reference Link
06:23 EDTBDRBFBombardier reports Q3 adjusted EPS 12c, one estimate 9c
Subscribe for More Information
October 28, 2014
08:31 EDTUTXUnited Technologies weakness creates buying opportunity, says Argus
Subscribe for More Information
October 22, 2014
08:10 EDTBDRBFCAE, Bombardier expanding Authorized Training Provider network
Subscribe for More Information
October 21, 2014
16:36 EDTUTXOn 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.
12:57 EDTUTXOn The Fly: Midday Wrap
Subscribe for More Information
09:53 EDTUTXUnited Technologies: We're still fishing for the big acquisition
Subscribe for More Information
09:35 EDTUTXUnited Technologies: Biggest challenge is Pratt because there's no growth there
09:31 EDTUTXUnited Technologies expects share count to increase in FY15
Subscribe for More Information
09:25 EDTUTXUnited Technologies expects FY15 earnings to be in mid single digit mark
Subscribe for More Information
09:25 EDTUTXUnited Technologies sees Pratt & Whitney growth to be in high end of guidance
Subscribe for More Information
09:15 EDTUTXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Apple (AAPL), up 3%... Texas Instruments (TXN), up 2.3%... Harley Davidson (HOG), up 7%... Celanese (CE), up 4%... United Technologies (UTX), up 1.4%. ALSO HIGHER: Neonode (NEON), up 20% after signing technology development agreement with global tier-one printer OEM... Illumina (ILMN), up 10%, upgraded at Janney Capital following the company's better than expected Q3 earnings. DOWN AFTER EARNINGS: Coca-Cola (KO), down 5%... Chipotle (CMG), down 4.6%... Verizon (VZ), down 1%. ALSO LOWER: CEL-SCI (CVM), down 15.3% after announcing proposed offering of common stock, warrants... Omeros (OMER), down 12% after suspending Huntington's clinical trial with OMS824... Tesoro Logistics (TLLP), down 2.4% after 20M share secondary priced at $57.47... Rhino Resources (RNO), down 53%, downgraded to Underperform at Raymond James following the reduction in its quarterly cash dividend.
09:11 EDTUTXUnited Technologies: US economy continues to improve, Europe shows uncertainty
Subscribe for More Information
09:03 EDTUTXUnited Technologies reports Q3 organic growth of 5%
Subscribe for More Information
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
Subscribe for More Information
October 20, 2014
15:36 EDTUTXNotable companies reporting before tomorrow's open
Subscribe for More Information
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.
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

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use