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Stock Market & Financial Investment News

News Breaks
March 21, 2014
06:19 EDTUTXUnited Technologies upgraded to Buy from Neutral at Goldman
Goldman upgraded United Technologies based on a strengthening Commercial Aerospace aftermarket, strong Defense product portfolio, signs of a recovery in U.S. non-residential construction, and stabilization in Europe. Price target raised to $138 from $123.
News For UTX From The Last 14 Days
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November 25, 2014
17:15 EDTUTXPratt & Whitney awarded $105.49M government contract
United Technologies Pratt & Whitney Military Engines, is being awarded a $105.49M cost-plus-incentive-fee modification to the previously awarded fixed-price-incentive-firm target contract N00019-13-C-0016. This modification exercises an option for sustainment efforts and operations and maintenance services in support of Low Rate Initial Production Lot VIII F135 propulsion systems, including hardware and training course materials and equipment. Work is expected to be completed in December 2015.
17:11 EDTUTXSikorsky Aircraft awarded $316.18M government contract modification
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13:45 EDTUTXUTC Aerospace Systems renews distribution agreement with Derco Aerospace
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10:00 EDTUTXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3M Company (MMM) initiated with an Underperform at RBC Capital... Ametek (AME) initiated with an Outperform at RBC Capital... AstraZeneca (AZN) initiated with an Outperform at Exane BNP Paribas... Bayer (BAYRY) initiated with a Neutral at Exane BNP Paribas... Carlisle (CSL) initiated with a Sector Perform at RBC Capital... Colfax (CFX) initiated with a Sector Perform at RBC Capital... Dover (DOV) initiated with a Sector Perform at RBC Capital... Eaton (ETN) initiated with a Sector Perform at RBC Capital... Emerson (EMR) initiated with a Sector Perform at RBC Capital... Evercore Partners (EVR) initiated with an Outperform at Macquarie... Fifth Street Asset (FSAM) initiated with a Buy at MLV & Co.... Flowserve (FLS) initiated with an Underperform at RBC Capital... General Electric (GE) initiated with an Outperform at RBC Capital... GlaxoSmithKline (GSK) initiated with an Underperform at Exane BNP Paribas... Grainger (GWW) initiated with a Sector Perform at RBC Capital... Hanesbrands (HBI) initiated with a Buy at UBS... Hercules Technology (HTGC) initiated with a Neutral at Macquarie... HomeStreet (HMST) initiated with a Neutral at Macquarie... Honeywell (HON) initiated with an Outperform at RBC Capital... IDEX Corp. (IEX) initiated with an Outperform at RBC Capital... Illinois Tool Works (ITW) initiated with a Sector Perform at RBC Capital... Ingersoll-Rand (IR) initiated with a Sector Perform at RBC Capital... ManTech (MANT) initiated with a Buy at Maxim... Novartis (NVS) initiated with an Outperform at Exane BNP Paribas... Nu Skin (NUS) initiated with a Neutral at Citigroup... Oppenheimer Holdings (OPY) initiated with a Neutral at Macquarie... Pentair (PNR) initiated with an Outperform at RBC Capital... Raymond James (RJF) initiated with a Neutral at Macquarie... Roche (RHHBY) initiated with an Outperform at Exane BNP Paribas... Roper Industries (ROP) initiated with an Outperform at RBC Capital... SPX Corp. (SPW) initiated with a Sector Perform at RBC Capital... Sanofi (SNY) initiated with an Outperform at Exane BNP Paribas... Tyco (TYC) initiated with an Outperform at RBC Capital... United Technologies (UTX) initiated with an Outperform at RBC Capital... WESCO (WCC) initiated with an Outperform at RBC Capital... Xylem (XYL) initiated with a Sector Perform at RBC Capital.
10:00 EDTUTXOn The Fly: Analyst Upgrade Summary
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08:58 EDTUTXTronair selects Sikorsky company as exclusive channel partner
Tronair has selected Derco Aerospace, a Sikorsky company, as its exclusive channel partner for the military aftermarket in a three-year agreement covering all ground support equipment, or GSE. Sikorsky Aircraft Corp. is a subsidiary of United Technologies. Under the agreement, Derco Aerospace will market Tronair's portfolio of products which includes ground power and hydraulic units, jacks, stands, servicing products, electrical stands, tugs, and more.
08:22 EDTUTXUnited Technologies new CEO well-positioned for job, says Bernstein
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05:50 EDTUTXStocks with implied volatility movement; GPRO UTX
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05:33 EDTUTXUnited Technologies upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded United Technologies to Outperform citing a more attractive risk/reward following yesterday's sell-off in shares. Wells believes investors have a very positive view of new CEO Greg Hayes and that 2015 expectations are reasonable. The firm raised its price target range for shares to $115-$120 from $110-$115. United Technologies closed down yesterday $1.51 to $108.79 after the company announced that its Chairman/CEO Louis Chenevert retired, effective immediately.
November 24, 2014
17:37 EDTUTXNew United Technology investors should wait for clarification, Barron's says
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16:34 EDTUTXOn The Fly: Closing Wrap
Stocks on Wall Street opened in quiet fashion and trading remained that way throughout the day. The Dow and S&P moved in a narrow range and hugged the flat line, while the Nasdaq drifted steadily higher and added nearly 1% by the close of trade. ECONOMIC EVENTS: In the U.S., the Chicago Fed national activity index fell to 0.14 in October, versus expectations for a reading of 0.33. Markit's services PMI fell to 56.3 in the flash reading for November, versus expectations for a slight increase to 57.3 from its prior reading of 57.1. The Dallas Fed manufacturing index was steady at 10.5 in November, versus expectations for a 9.0 reading. Overseas, the euro area’s largest economy, Germany, saw a business climate index advance to 104.7 in November from 103.2 in October, beating economists' prediction for a decline to a reading of 103. COMPANY NEWS: Apple (AAPL) had a role in the Nasdaq's outperformance, as the tech giant climbed after a number of research firms, including Susquehanna, Cantor and KGI Research, were upbeat on the outlook for the company's performance during the holiday season. The iPhone maker's stock rose $2.15, or 1.85%, to close at $118.62 to close just below the 52-week high of $118.77 it hit late in the session... United Technologies (UTX) fell $1.51, or 1.37%, to $108.79 after the Dow member announced that Louis Chenevert had retired as Chairman and CEO, effective immediately. The company reaffirmed its expectations for 2014 earnings per share and sales, but provided little information regarding the abrupt exit of the executive. MAJOR MOVERS: Among the notable gainers was Prosensa (RNA), which surged $7.16, or 62.59%, to $18.60 after the small drugmaker agreed to be acquired by larger BioMarin (BMRN). After the deal announcement BioMarin shares also rose $2.11, or 2.46%, to $87.94, while Sarepta Therapeutics (SRPT), which is working on a Duchenne muscular dystrophy treatment to rival Prosensa's, advanced 88c, or 5.59%, to $16.61. Also higher was Cimatron (CIMT), which jumped $2.57, or 42.27%, to $8.65 after 3D Systems (DDD) agreed to buy the company for approximately $97M, or $8.97 per share, in cash. Among the noteworthy losers was Ring Energy (REI), which fell $1.28, or 9.54%, to $12.14 after Canaccord downgraded the stock to Hold from Buy, citing the the recent decline in crude oil prices and the potential need for the company to raise capital. Also lower were shares of Potash (POT), which fell $2.23, or 6.09%, to $34.40, and Mosaic (MOS), which slid $1.75, or 3.71%, to $45.46 after Russia's Uralkali, the world's largest potash producer, was reported to be set to start repair work at part of its damaged mine. INDEXES: The Dow added 7.84, or 0.04%, to 17,817.90, the Nasdaq rose 41.92, or 0.89%, to 4,754.89, and the S&P 500 gained 5.91, or 0.29%, to 2,069.41.
16:17 EDTUTXUnited Technologies initiated with an Outperform at RBC Capital
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11:29 EDTUTXUnited Technologies slips to session lows, levels to watch
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10:24 EDTUTXHigh option volume stocks
High option volume stocks: TIVO TIF ASHR OCR TGP JEC CEQP UTX PWRD IMMU
09:19 EDTUTXDefense Secretary Hagel said to be stepping down, NY Times reports
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07:02 EDTUTXUnited Technologies backs FY14 EPS $6.75-$6.85, consensus $6.88
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07:01 EDTUTXUnited Technologies announces retirement of Chairman and CEO Louis Chenevert
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November 21, 2014
08:08 EDTUTXUnited Technologies unit selected for $43M energy infrastructure project
NORESCO, a part of UTC Building & Industrial Systems, a unit of United Technologies, has won a $43M energy savings performance contract for work at Fort Jackson in Columbia, South Carolina, the U.S. Army's largest and most active basic combat training center.
November 17, 2014
17:19 EDTUTXSikorsky Aircraft awarded $535.34M government contract modification
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17:17 EDTUTXSikorsky Aircraft awarded $771.96M government contract modification
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