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Stock Market & Financial Investment News

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July 15, 2014
04:55 EDTWWD, WWD, TGI, TGI, BAESY, BAESY, COL, COL, ATI, ATI, RTI, RTI, ERJ, ERJ, ESL, ESL, PCP, PCP, WAIR, WAIR, BDRBF, BDRBFCredit Suisse events at Farnborough Air Show
Credit Suisse to hold meetings at the Farnborough Air Show in Farnborough, England on July 13-16.
News For WWD;WAIR;PCP;ESL;ERJ;RTI;ATI;COL;BAESY;TGI;BDRBF From The Last 14 Days
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October 17, 2014
11:58 EDTERJTextron 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%.
08:53 EDTTGITriumph Group acquires North American Aircraft Services
Triumph Group announced the acquisition of North American Aircraft Services. The acquired business will operate as Triumph Aviation Services, NAAS Division and be included in the Aftermarket Services Group. The business is expected to add approximately $35M in annual revenue and to be immediately accretive to earnings.
08:48 EDTATIBofA/Merrill global steel analysts hold analyst/industry conference call
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October 15, 2014
11:13 EDTBDRBFBombardier C Series front runner for Austrian fleet overhaul, Globe & Mail says
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October 14, 2014
17:29 EDTBAESYU.S. Army may revive Ground Combat Vehicle program, WSJ says
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October 13, 2014
10:17 EDTTGIEbola related weakness in aerospace stocks seen as buying opportunity
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09:02 EDTBAESYGE receives order from BAE Systems for 3U VPX rugged systems
GE’s Intelligent Platforms business (GE) announced at AUSA that it had received a $2.6M order from BAE Systems Platforms and Services (BAESY) for a quantity of its latest generation 3U VPX COTS Rugged Systems that deliver an advanced HPEC capability. The COTS Rugged Systems will be deployed as part of the US Army’s CETU which sees in-vehicle training and simulation incorporated into the Bradley Fighting Vehicle.
07:26 EDTTGICommercial aerospace stocks should be bought on any weakness, says Wells Fargo
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October 9, 2014
17:14 EDTERJEmbraer breaks ground on 500/450 assembly facility
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13:56 EDTBAESYObama calls on Congress to lift defense spending cuts, Politico says
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11:27 EDTBAESYBAE Systems to cut 440 management jobs
BAE Systems has announced 440 potential managerial job losses within its Military Air & Information business. This proposal is driven by the organisation’s continuous drive for efficiency. Chris Boardman, Managing Director of BAE Systems MAI, commented: “It is always regrettable when you have to announce potential job losses. However, we believe that by implementing changes to our management structure we will become a more efficient and effective business, and be better placed to meet the needs of current and potential customers in what is an increasingly competitive market." Reference Link
05:42 EDTTGITriumph Group initiated with a Buy at Jefferies
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October 7, 2014
10:02 EDTBAESY, ATIOn The Fly: Analyst Downgrade Summary
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07:40 EDTATIAllegheny Technologies downgraded at KeyBanc
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07:09 EDTATIAllegheny Technologies downgraded to Hold from Buy at KeyBanc
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05:40 EDTBAESYBAE Systems downgraded to Hold from Buy at Cantor
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October 6, 2014
10:04 EDTBAESYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded to Neutral from Overweight at Piper Jaffray... Air France-KLM (AFLYY) downgraded to Neutral from Buy at Citigroup... BAE Systems (BAESY) downgraded to Hold from Buy at Societe Generale... Buffalo Wild Wings (BWLD) downgraded to Neutral from Outperform at Wedbush... Church & Dwight (CHD) downgraded to Underweight from Equal Weight at Barclays... Colgate-Palmolive (CL) downgraded to Equal Weight from Overweight at Barclays... Deckers Outdoor (DECK) downgraded to Neutral from Overweight at Piper Jaffray... Delhaize (DEG) downgraded to Hold from Buy at Deutsche Bank... Fortinet (FTNT) downgraded to Equal Weight from Overweight at Morgan Stanley... McDonald's (MCD) downgraded to Equal Weight from Overweight at Morgan Stanley... Midcoast Energy (MEP) downgraded to Neutral from Buy at UBS... Mobileye (MBLY) downgraded to Market Perform from Outperform at Raymond James... Myers Industries (MYE) downgraded to Neutral from Buy at CL King... Nationstar (NSM) downgraded to Underperform from Market Perform at Keefe Bruyette... PTC Therapeutics (PTCT) downgraded to Market Perform at Cowen... PetSmart (PETM) downgraded to Equal Weight from Overweight at Barclays... Qlik Technologies (QLIK) downgraded to Equal Weight from Overweight at Morgan Stanley... Subsea 7 (SUBCY) downgraded to Neutral from Outperform at Exane BNP Paribas... Tekmira (TKMR) downgraded to Market Perform from Outperform at ... XL Group (XL) downgraded to Market Perform from Outperform at FBR Capital... Xoom (XOOM) downgraded to Underweight from Equal-Weight at Evercore.
09:02 EDTBAESYBAE Systems awarded $153.6M contract from U.S. Army
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08:51 EDTERJFavorite Aerospace names ahead of Q3 results at Goldman
Goldman top Aerospace & Defense picks for the Q3 earnings period are BE Aerospace (BEAV), TransDigm (TDG), and Embraer (ERJ). The firm expects BE Aerospace to report a beat and raise, TransDigm to have 15% year-over-year aftermarket growth and double digit growth for 2015, and Embraer to beat Q3 estimates from strong Defense growth.
05:15 EDTBAESYBAE Systems downgraded to Hold from Buy at Societe Generale
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